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How to protect your assets from the IRS
It doesn’t matter if the Federal Tax Service (IRS) collects tax arrears by threatening to seize property, or if you just want to get ahead of events by making sure your property is protected from being seized in the future; There are legal ways to protect your property. In order to protect your assets from the IRS by legal means, follow the instructions below that are specific to your situation.
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Secure property
Financial advisors and tax attorneys have been helping clients protect their property against various losses for decades. One possible source of loss for property of individuals is the IRS. Continue reading
How to calculate working capital
Working capital – a combination of cash and liquid assets that are necessary to finance the activities of the company. Knowing the amount of working capital, you can more effectively manage the company and make investment decisions. The value of working capital characterizes the ability and speed of repayment of the current obligations of the company. If the company does not have working capital or is very modest, then most likely it will not be successful. The calculation of working capital is also useful for evaluating the efficient use of company resources. [1] Formula for calculating working capital:
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Hang current assets. Current assets are assets that can be converted into cash within one year. Such assets include cash and short-term capital. For example, accounts receivable, deferred expenses and stocks are current assets.
As a rule, current assets and their total value are indicated in the balance sheet of the company. Continue reading
How to survive your own financial crisis
A personal financial crisis can be the result of many events: job loss, divorce, bankruptcy, sudden medical expenses or any other events that cause financial stability to be lost. Whatever the reason, the consequences are always the same: stress, confusion, inability to control the situation, loss of self-confidence. Although it can be difficult to survive the financial crisis, it is important to remember that it is possible to regain control of the situation. Everything can be adjusted if you pack up and start acting.
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