Archives for May 2011

Cash or Accrual Method for Your Business

You may recall reading about the value of getting your business organized, but not all types of bookkeeping are the same.  Whether you choose to operate on the cash method or the accrual method, that decision can have a significant impact on your business, especially when it comes to tax time. Under the cash method of accounting, income is recorded when you receive payment for a sale or transaction, while expenses are recorded only when they are paid.  So for example, if you purchase a company … [Read more...]

What Mortgage is Best for You?

If you are considering buying a house, it is important that you understand the different types of mortgage loans that are available so that you can choose the loan that is right for your situation.  There are more types of financing available now than ever before, which is beneficial for the buyer, but which can also make things difficult to figure out.  The two basic categories of mortgage loans are fixed-rate and adjustable-rate loans. Fixed-rate mortgages keep the same interest rate for the … [Read more...]