Forensic accounting is the investigation into a company’s accounting in order to make sure that everything is accurately reported and that there is no fraud. This is very important because finding fraud can help companies save thousands of dollars. For example, if an insurance company suspects that a hospital is making up bills and charging them for procedures that were not necessary or not actually performed, hiring a forensic accountant to find the issue can help save the insurance company from having to pay for these fraudulent charges.…
Financial independence is a beautiful thing. You can buy any car you want any time you want. You can buy a new furnace when your old one gives up the fight, and you can do so with the “small change” you have on hand. Basically, money is not an issue for you. Sadly, the life of the financially independent is not the life that most of us lead. This means that when you need to make a big purchase, you will need to take out a loan to cover the cost.…
The rise in technological advances have given many individuals an advantage when it comes to doing their job: they can do it from home. And if you are one of those individuals, you have many advantages. To begin with, you save money on gas, clothing and food. But you also get to claim your home office on your tax return.
While the rules are strict and they must meet certain guidelines, if you qualify, you could be a looking at a nice deposit in your bank account come tax season.…
Have you recently been contacted by a friend or loved one asking for assistance in posting bail bonds because they were arrested on criminal charges? Are you considering doing so, but find yourself confused at what options you have? There are actually a few different types of bail bonds that a person has to choose from when posting bail. However, there are also different conditions related to the bail that a person needs to be aware of, because violating those conditions could result in a loss of what is posted.…
If you are thinking about applying for a home loan, you might want to first make sure that you are preparing for the process. This way, you will have given yourself the best possible chance at successfully being approved for the loan. Check out the following tips to help get you started.
Dispute Old Or Invalid Debts
While there are certain things that are simply not able to be successfully disputed, you might be able to clean up your credit report by disputing old debts that have either been paid and not removed from your credit or that you have no idea where it came from.…
The years spent getting over the housing crisis have been difficult for people who need to buy a home but do not have a lot of extra funds. First-time homebuyers and those trying to rebuild their financial lives after layoffs or foreclosures may fear that they will never be able to own a home of their own. The good news is that the Federal Housing Administration has made a few recent changes to loan terms that make it easier for many Americans to finally grab their own piece of the American dream.…
Imagine that you have gone outside to drive somewhere, and you car is gone. If you have fallen significantly behind on your payments, there is a chance that it has been repossessed. If you find yourself facing possible repossession, keep the following in mind:
1. Repo men don’t always strike at night.
Don’t think that hiding your car at night will keep it safe from repossession. The truth is, many acquisition firms will come during the day, at your work, or anyplace at any time to take back the property.…
Does your small business generate a large amount of income? You may want to hire an accountant to help keep track of your financial records to make sure they are accurate when filing taxes, as inaccuracies can lead to Internal Revenue Service (IRS) trouble. Below, are the benefits of having a small business accountant and how bad record keeping can lead to an audit by the IRS.
What are the Benefits of Hiring a Small Business Accountant?…
It’s a dream millions of people across the United States share: winning the lottery. Every week, tickets are purchased and numbers are checked and double checked. Most tickets don’t yield anything. A few ticket holders will win a small sum. The dream, however, is that one big jackpot. Who wouldn’t want millions of dollars and the financial security that comes with it? It’s fun to imagine that fancy new car you’d buy, the Caribbean vacation you’d take and that mansion you’d want to build.…
Are you trying to sort out your end of year tax documents? Many taxpayers are perplexed as to how they’re supposed to determine whether they actually received all their documents, especially because the barrage of forms begins January 1st and doesn’t end until March 31st. Here are a few ways that you can check to make sure you have everything that you should.
Check Your Prior Year Documents
The first thing you should do is go over all the documents you had in the prior year to make sure that you have the same documents.…
