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Finances

The State of Bankruptcy [INFOGRAPHIC]

Bankruptcy, although rightly a scary idea to many, is an important aspect to a functioning modern economy. While it helps individuals and businesses eliminate or repay debts it does not erase all financial responsibilities, contrary to popular belief. Image compliments of Top Business Degrees

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Small Business, Big Target [INFOGRAPHIC]

Despite the amount of money larger business make, the size and security measures taken may be intimidating to a white collar thief. Small businesses often make the best targets because they often have more relaxed security measures and a small staff. Via: BOLT Insurance

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Tax Havens of the Wealthy and Powerful [INFOGRAPHIC]

This guest post is courtesy of OnlineAccountingDegrees Image compliments of Online Accounting Degrees

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How the Super Rich Avoid Paying Taxes [INFOGRAPHIC]

This infographic is courtesy of Top Accounting Degrees.org. If you’re one of the 1% of Americans who control over 40% of the country’s wealth, life is full of choices. Among them — how best to keep all that money away from the government? The U.S. economic system offers no shortage of loopholes allowing the ultra-rich to shortchange Uncle Sam. Tax ...

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Business Plan 101: Financial Plan

The financial section of a business plan or the financial plan is not about showing accounting.  It is about financial projections and how those projections are going to be reached. An accounting plan is looking back in time to the historical view of how goals were reached, while the financial planning section of the business plan is about looking forward. ...

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Business Plan 101: Financial History

The financial history is the last financial statement that needs to be in your business plan. It is an overall summary of the financial disposition of your company from start to finish. The financial history will vary depending upon if you have a new business or if you have an established business. The information that is included in this document ...

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Business Plan 101: Personal Financial Statement

A personal financial statement is very similar to a business financial statement. It will calculate the total value of you as an individual so that you can track your financial progress.  It is a good indication of how your business is progressing because the business entity should be the largest financial entity on the statement. Another name for this is ...

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Know Your Revenue & Expenses

The Ant and the Bee watched as the Flamingo closed her doors for business. “I thought she was doing so well” uttered the Ant. “So did I” buzzed the Bee. The Flamingo had customer after customer that came to her restaurant. Even as the Flamingo packed up her stuff, customers still came to the door shocked to hear the news. ...

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