Phoenix Arizona CPA | Arizona Tax Accountant | Arizona Income Tax

PayPal is a very well known merchant company, almost everyone has heard of it.  It’s a company that people trust not because of it’s name but because of the security it offers. With PayPal you can get an Business and Personal account for free. A personal account is good for when you want to manage your money online, money you might get from programs that you are involved in on the Internet.  It’s actually quicker to get your money that you earn online with Paypal instead of waiting for a check to come in the mail. If you need money you can also have people to wire you money to your paypal account it’s simple and easy.  With a Business account you can manage your business money, you can accept payments with credit cards on your own business website and to sign up for this useful tool is free. Read the rest of this entry »

The Tax Code Reads as Follows:

Any United States person who has a financial interest in or signature authority, or other authority over any financial account(s) in a foreign country is required to file a Report of Foreign Bank and Financial Accounts (FBAR), if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year.

A potential nightmare all begins with Line 7 of Schedule B. Read the rest of this entry »

Quicken provides powerful investment record-keeping tools for individual investors. Unfortunately, once you step beyond investments like stocks, bonds, and mutual funds, the mechanics can get a little tricky. Here are some tips for handling common investments in Quicken.

Certificate of deposits

If you purchase a certificate of deposit, you can treat it in the same way that you treat a bond purchase. Basically, certificates of deposits, or CDs, are just bonds issued by banks or financial institutions often for a shorter period of time. For example, you can think of a two-year CD as equivalent to a two-year bond. Read the rest of this entry »

You are probably wondering what a series on business banking essentials is doing on a natural health website.

Well, stress caused by financial worries will eventually adversely affect your health. Many business owners operate under constant financial pressure, and this series on commercial banking and commercial finance will arm them with the knowledge that they need to deal confidently with diverse business situations, and with their bank managers. Knowledge is comforting, it is the fear of the unknown that is stressful. Read the rest of this entry »

Most businesses require a loan at some stage of their development, whether it is to start up, expand, acquire another business or purchase a fixed asset. A short-term business loan can suit every stage in the growth of your business. A short-term business loan can help even out cash flow when your accounts payable schedule is shorter than your sales cycle. Read the rest of this entry »

Working capital refers to the cash requirements of a business for its day-to-day operations, or more specifically the investment required for the conversion of raw materials to finished products, which the company sells out. In academic terms, working capital is defined as the current assets minus the current liabilities of a business. It is that amount of cash flow the business requires for its daily operations. It is a measure of both a company’s efficiency and its short-term financial health. Read the rest of this entry »

Online banking with QuickBooks is a great way to enter transactions and keep tabs on all activity in bank and credit card accounts. It is especially useful if you use an ATM card or credit card often and don’t want to take the time to manually enter each individual purchase. Frequent, even daily, downloads will help keep your account balances current and accurate in QuickBooks. Read the rest of this entry »