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What are Fixed Deposits?

When it comes to investing money there are a number of possible options. One possibility is a fixed deposit account. This is where you invest your money for a set period of time. The fact that you are willing to tie your money up means that you can generally expect to receive higher rewards.

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What is a Multinational Corporation?

multinational corporationsA multinational corporation can also be referred to as an international corporation. This is the type of company with production outlets in different countries or that sells their products and services in different countries. In the last few decades we have witnessed a huge rise in the number of multinational corporations. Read the rest of this entry »

Top 5 Best Investment Planning Books Reviewed

Investment planning is a subject of great interest to many people because such high stakes are involved. There are many possible investment strategies and this is a subject that can be very confusing for the newcomer. Luckily there are some great books available that will be of use to those who already have a bit of knowledge about investment planning or those who are new to the subject area. Here are just five of the best investment planning books available today.

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What is an IRA?

The simplest way to explain an IRA would be to say that it is a retirement account that provides tax advantages. IRA stands for Individual Retirement Account. A lot of people may view an IRA as an investment but this isn’t really correct; it would be better to say that an Individual Retirement Account is a basket where you can hold your investments. This type of account covers a wide range of possibilities and the one you will choose will very much depend on your exact needs.

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What is a Freight Broker?

freight brokerA freight broker can refer to any person who sells transportation without actually providing this transportation. This individual usually acts as a liaison between an authorized transporter and an individual or business that requires some type of shipping service. It is the job of the freight broker to match those who are looking for transportation with the service provider who is able to provide the best solution to their needs. Even though this broker doesn’t actually provide and transportation directly they are still viewed as having an important role in the movement of cargo.

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What is Cenvat?

Cenvat is an acronym for Central Value Added Tax. It is similar in many respects to another type of tax system called Value Added Tax (VAT). Cenvat is used by a lot of European countries and other places such as India. This form of taxation is said to have many benefits over other types of tax systems – in particular it minimizes the cascading effect that occur with other types of tax systems and people feel that it is a lot fairer. Read the rest of this entry »

What is a General Ledger / Nominal Ledger?

An important element of business accounting is the general ledger.This will be something that will be used by all businesses that use a double entry bookkeeping system. The information found in the general ledger is used for creating financial statements and it includes all transactions. Read the rest of this entry »

What is 1099-MISC?

1099-MISC formAs well as income earned as an employee there will also be money that we receive elsewhere that is subject to tax. The 1099-MISC form is related to this other type of income with the ‘MISC’ standing for ‘miscellaneous’. Like all other tax forms it is important to fill this one out correctly and to get advice if you are unsure about the information it should contain. Failure to declare any type of miscellaneous income could lead to problems later and so will be best avoided.

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