What is Accountancy?
If you have a business it is important to know the difference between a bookkeeper and accountancy. While a bookkeeper keeps the financial records of a business by recording all transactions, an accountant will take those records and do an analysis of them. Financial statements are made for the business owner and other heads of the business.
An accountant will prepare the taxes at the end of the year. He will also prepare the financial statements about liabilities and assets. With the help of an accountant and the statements he prepares you will know what kind of a profit your business turned in a year.
Big business will usually have both an accountant and a bookkeeper. The bookkeeper will record every sale and every purchase the business makes. If money for the business is used it is the job of the bookkeeper to record where the money went, how much was spent, and when it was spent. Full Post…
10 Covert Ways to Hide Your Valuables
Even though you have a home security system installed…right? You should still hide and lock up your stuff.
Burglars are generally aware that a woman’s jewelry is either in her jewelry box on top of her dresser or in her underwear drawer. For men, it’s in a similar place or sitting in a little dish next to the bed. These methods aren’t exactly covert.
A safe is your best bet. Wall and floor safes can be hidden and other heavy box safes can be bolted to the floor.
Here are some options:
1. Buy or build a “Book Safe”. A book safe is a carved out book containing your most valuable valuables. Here is a DIY security book safe or do a search online and buy one.
2. Hollow out an appliance. If you are mechanically inclined and have nothing more than a screw driver and wire snips you can gut anything from a power strip to a blender to a coffeemaker.
3. Install a fake wall electric outlet or switch. This is also a buy or build.
4. Use an air
Identity Theft and the Law
When you hear that about 10 million Americans are victimized by identity theft each year, according to the Federal Trade Commission, you may wonder why the government isn’t doing anything to try and stop these crimes. However, the fact is that the government is trying. In fact, in the past few years, several bills have been made into law to help aid in prevention. The three biggest ones are as follows:
Identity Theft Assumption and Deterrence Act In 1998, the federal government took a huge step in the war against identity theft: making this crime a federal one when it involved activity between more than one state. Before this, it was pretty much up to the states to figure out the prosecution and punishment for themselves. As a result of this law, some sentencing guidelines were put into play, and thieves faced penalties of up to 30 years in jail – plus the option of getting consecutive sentences if they had multiple convictions.
Are Financial Advisors Just for the Rich?
A financial advisor is a skilled professional that uses their knowledge concerning money matters to help others plan for their futures, and to manage the assets they have accumulated. The rich people do have these professionals working for them because they do not have time to look after all their assets, and properly allocate them to make them earn money. Their money management teams do their investing, and watch their assets to determine what else can be done to make even more money from what the people already have.
Average people need the help and advice of this type of professional money broker as well. If you have someone who is knowledgeable in finance to the point that they can assist you in setting up a budget that allows you to use the many retirement plans out there, wouldn’t you be better prepared for the future, than if you just keep following your own plan. R Full Post…
Security Expert’s Credit Card Hacked
An excellent way to improve one’s level of security intelligence is to follow the writings of Robert X. Cringley, one of my favorite technology know-it-alls.
Anyway, Cringley’s credit card was recently hacked. And if his card can be hacked, anyone’s can. Like many cardholders, Cringley received a notification from his credit card company’s fraud depar