Can a Bookkeeper Call Themselves an Accountant?

Difference Between Bookkeepers and Accountants Accountants have greater responsibility and oversight of financial data than bookkeepers. Accountants prepare financial statements, complete tax returns, analyze operations, and advise business owners. Bookkeepers record day-to-day financial transactions consistently. Bookkeeping provides the underlying data that accountants use for financial modeling and analysis. So while bookkeepers and accountants work together, … Read more

How Do I Get More Clients for My Recording Studio?

Marketing Strategies for Recording Studio Business Marketing directly to bands and artists is an excellent way to find new clients. Contact them through streaming sites where you can message the band. Independent artists, producers, and amateur musicians are common early clients. Offer song critiques to build trust and get return business. Establishing Yourself Locally Establish … Read more

Do You Need Home Insurance on a Flip?

Introduction to Flipping Insurance When insuring a home you’re going to flip, you need specialized insurance policies tailored to the risks of flipping. Traditional homeowners insurance won’t suffice, as it’s designed for primary residences. Essential Insurance Policies for House Flippers Builder’s Risk Policy: covers potential damages during renovation like fires or storms. General Liability Insurance: … Read more

Who Issue the Certificate of Incorporation?

Overview of Certificate of Incorporation The state or federal government issues a certificate of incorporation, which establishes the legal status of your business. To conduct business in the majority of states and nations, a certificate of incorporation is necessary. The Certificate of Incorporation serves as official documentation of the company’s existence, legal authorization to operate, … Read more

Do You Need a Sellers Permit in Georgia?

Obtaining a Seller’s Permit in Georgia To do business in Georgia, you will need to obtain a seller’s permit. The permit allows you to collect taxes on the total sales prices of goods and services, including shipping costs. There are different tax rates that require you to collect county taxes or have a different tax … Read more

How Do You Determine Insurance Value of Art? Art Insurance Fundamentals

Insurance adjustors use an artist’s past sales to help determine artwork valuation, often beginning with a baseline figure of about $1,000, increasing for those working with precious metals. Globally, a piece of art’s value is also influenced by life-span, the reputation of art dealers and galleries, as well as the artist’s exposure through exhibitions and … Read more

How Do I Avoid Paying Taxes on Airbnb?

Tax Rules for Airbnb Hosts To avoid paying taxes on Airbnb, the 14-day rule allows hosts to avoid income tax if they rent for fewer than 14 days per year. You can deduct expenses for managing your rental property. Ordinary expenses are common and accepted rental costs. Section 1031 allows investors to defer taxes when … Read more