Taxes on capital gains are levied on the difference between the initial purchase price and the appreciation of an asset, such as real estate holdings, or investments, such as stocks or mutual fund shares. You have a capital gain and must pay tax on it if you sell an asset or investment for more money
Is Bookkeeping and Accounting the same thing? Bookkeeping and accounting are two essential functions in the financial management of any business or organization. While these terms are often used interchangeably, bookkeeping and accounting are distinct processes with different roles and responsibilities. Bookkeeping is the process of recording and organizing financial transactions. It involves maintaining accurate
What is a CPA? In business and finance industry, the designation CPA, stands for Certified Public Accountant. This credential signifies expertise and credibility and is highly respected. They’re specially trained and licensed to handle a variety of accounting tasks, from preparing taxes to auditing financial statements. But what exactly does it take to become a