Why SMBs Should Embrace the Plastic or Fold

Let’s begin by trying to understand why customers want to pay by electronic means, namely credit and debit cards, and the occasional online transaction. Reasons people prefer plastic to cash: It’s unsafe to walk about town with big wads of money in your purse ATMs can have long snaking queues or occasionally run out and leave you stuck Credit cards ...

Home improvements – tax deductible or not?

Is it a repair or a capital expenditure? Before we answer the question about home improvements being tax deductible or not, it should be remembered that one must first ascertain whether an expense qualifies as a repair or improvement. The difference is nebulous and the pecuniary impact can redound to one’s discredit. As a real estate investor, you will incur …

What Software Should You Choose For Your Small Business’ Accounting?

Where SMBs are concerned, accounting doesn’t form a core nexus of the business but it’s a conduit for financial intelligence on your business. And to service its requirements there are plenty of software designed specially to cater to specific accounting tasks depending on your field. While some companies may just be setting up, or are already using certain software, sometimes …

Lease Abstractions in the Grand Scheme of Things

  Lease Abstraction: A summary of the key financial, business and legal information that exists in a commercial real estate lease. It should bring to the reader’s attention any unusual lease provisions, financial obligations or other issues of import. The complexity of commercial property transactions has augmented the complexity of leases. However, the purpose of the lease abstraction remains – …