A lot goes into planning for the division of marital assets during divorce. And while it's not a very exciting subject for most people, tax planning is a big part of that. The reason this is so vital is that taxes have different impacts on different assets. What should you know about the tax consequences when dividing specific assets? Here's are 5 of the most common transfers.  1. The Family Home 

Do you own a family business? Unfortunately for people who are going through divorce, the inclusion of a closely held business makes divorce more complex. One person who can help with many aspects of handling the future and division of your family business is an accountant. How? Here are a few things they can do for you before, during, and after divorce.  Before Divorce An accountant can help both parties learn what the true state of the business is before a divorce.

Are you thinking of buying a home? While you can and should get helpful advice and information from a variety of sources, one of these sources should be a certified public accountant (CPA). How can a CPA help you make the right decision about this long-term and large-scale investment? Here are five ways.  1. To Assess Your Financial Health. A primary home is one of the largest investments many Americans will make, so you need to ensure that your finances are in a good place to handle it.

Financial management can be one of the most important responsibilities that you have, but it can also be extremely complicated and stress-inducing. Luckily, Quickbooks is an accounting program that has become an industry standard, and it can be extremely useful to invest in an online training course to learn how to use this software to its fullest capabilities. Add New Skills To Your Resume For those that work in office settings, it can be important to become familiar with many of the programs that are commonly used in these settings.

Your business's finances and financial records must be kept organized and updated. However, your busy workday might leave you little time for bookkeeping. Rather than allow your books to become outdated or disorganized, you can outsource their upkeep to an accountant. These services are some that certified public accountants provide to business owners like you. Updating Your Invoices and Expenditure Records Your CPA can keep your books updated so that you always know how much cashflow that you have on hand with which to operate.

To ensure that your company's bottom line is intact, you must maintain adequate books. One aspect of bookkeeping is bank reconciliation, which is a process that assists in ensuring accuracy by matching bank transactions and your business's financial records. If you are unfamiliar with this process or need more information, keep reading to learn the answers to some commonly asked questions about bank reconciliation. How Is Bank Reconciliation Performed? A professional accountant will take the bank statement balance of your company and compare it to credit card payments, cleared checks, and other company financials that are listed within the bookkeeping records.

If you want to be more than just a "starving artist" and you want to make some good money off of the art work that you do, you will want to consider hiring an accountant to assist you with all of your tax needs. Even if you are not quite making a substantial amount of money just yet, you should still look for a professional that is offering accounting for artists.

Deltek offers project-based systems that professional firms can use. The systems offered by Deltek are designed to be full-bodied, which can make them difficult to navigate, which is why some people choose Deltek CFO advisory services. You can set up the right systems as an administration that will make the system easier for everyone using it. That is why it can be helpful, as the administrator of the system for your business, to point out the features that can make navigating this system easier to handle for your employees after you set them up.

Keeping track of your tax write-offs is very important for any business owners. Whether it's a capital loss or a charitable donation, tax write-offs can save you a fortune depending on how high your taxable income is. However, many business owners face a curious problem come tax season. Quite a number will have forgotten what they could have written off. The result is a lot of money left on the table.

A business advisory firm specializes in providing companies with advice and guidance in regards to financial, political, ethical, and environmental issues. These types of firms can be an incredibly valuable resource for businesses of all sizes, including small businesses. A quality business advisory firm is well worth the expense, and in the long run their business advisory services can help save your company money and increase revenue. Some of the top reasons to hire a business advisory firm include: