Lazaro Godfrey, Author at On Deck Refinance

Apr282023 by Lazaro GodfreyNo Comments

Bookkeeping vs. Accounting: Understanding the Differences and Similarities

Finance

Bookkeeping and accounting are two essential components of any business's financial management. While they are related, they serve different functions and require different skill sets. In this article, we'll explore the differences and similarities between bookkeeping and accounting and why both are crucial for the success of any business. What is Bookkeeping? Bookkeeping refers to the daily recording and tracking of financial transactions, such as sales, expenses, and payments, in a systematic and organized manner. The primary goal of bookkeeping is to keep an accurate and up-to-date record of all financial activities to ensure that financial statements, like balance sheets and income statements, can be produced accurately and in a timely manner. Some of the main functions of bookkee...

Apr192023 by Lazaro GodfreyNo Comments

Key Features Of Term Insurance For Diabetic Patients

Business

Diabetes patients are strongly advised to acquire term plans since it provides insurance coverage to the insurer from the moment the policy is purchased. There is no waiting period, in contrast to certain other insurance products. Key features of Term Insurance for Diabetics Economical The most remarkable aspect of a term insurance plan is its affordability. The ideal term plan provides a life insurance policy for the sum assured, which is a predetermined amount, according to the duration of the policy. Simple to buy A term plan is simple to purchase, just like internet purchases of clothing or books. Comparatively speaking, purchasing a term plan is simpler than purchasing other financial arrangements and investment plans. There are two methods for purchasing term ...

Mar192023 by Lazaro GodfreyNo Comments

Realize the Essential Matters to Do in the Truck Accident Case

Law

People focus on the best legal service to obtain compensation for the truck accident. During injury, people feel pain, and take them to the next stage. With the help of DC Trucking Accident Attorneys, you can understand who is responsible for the accident. Lawyers work well on different matters and bring clients peace of mind. Experts follow the right method to gather evidence, discuss with a witness and negotiate a claim. You can get maximum support and service from a lawyer on time. It is better to heal and take care of the family member. Find liability in case: Finding liability is the most important part of a truck accident case. A truck accident case is challenging compared to the vehicle to a vehicle crash. People believe that an individual driver is a vital party in an acci...

Mar12023 by Lazaro GodfreyNo Comments

5 tax saving options for Salaried professionals in India

Finance

Professionals who are earning a decent salary are constantly looking for different investment options that can help them in wealth creation while also providing tax exemptions. Read on to know a few investment options that can provide you tax benefits. Now that you have entered the tax season, you must be looking for different investment avenues where you can save taxes. There are different sections under the Income Tax act where you can save taxes up to a certain limit. In India we can save taxes by investing in multiple avenues, like health insurance, life insurance, pension funds and many more. You can also save taxes on your home loan interest and principal amount. Below are a few tax-saving investment options that you can include in your portfolio to get tax exemptions. Empl...

Sep162022 by Lazaro GodfreyNo Comments

Tax Lawyers and Tax Planning Services that Get You the Best Possible Outcome

Business

Tax lawyers are a dedicated group of professionals who dedicate themselves to giving their clients the best possible outcome, regardless of the circumstances. However, with tax laws changing and becoming more complex than ever before, it is often necessary for individuals to seek out specialized tax practitioners to help them navigate through complicated tax situations. What are the Benefits of Choosing Tax Lawyers and Tax Planning Services? Tax Lawyers and tax planning services can help you get the best possible outcome for your tax situation. The following are some of the benefits of choosing these services: - They can help you understand your options and make informed decisions about your taxes. - They can provide expert guidance on how to reduce your tax liability. - They ca...

Sep62022 by Lazaro GodfreyNo Comments

Few Facts You Should Know About Accountants

Finance

Accounting is a vital part of an organization yet words to define accountancy aren't generally fun or interesting. Nonetheless, below are some enjoyable and interesting accountancy realities that will surprise you. You could also transform these accountancy truths right into a little accounting trivia for your fellow accounting professionals at your audit firm. To hire accountants Bangor for your business, please follow the link. We have assembled our favourites to show to you. The source of the word “accounting” The English word accounting comes from the noun “account.” It originated from Old French “acont” meaning “account,” projection, or terminal settlement. The Old French term originated from Latin “computes” indicating “estimation.” The source of the w...

Sep12022 by Lazaro GodfreyNo Comments

Personal Loans vs Credit Cards: Crucial Differences!

Business

Two different types of financial services can arise from a need for money. One is a personal loan, which can be seen as debt with an attached interest, while the other is a credit card. Personal loans vs credit cards: both options have some significant differences that you should know before choosing which option to take on your next financial decision. Credit cards offer flexible spending, rewards, and more benefits than personal loans. Interest With the former, you will have to pay it on top of your original loan - with the latter, it's covered by the interest rates already included in your card's rate. So with both types of loans available, you will have a choice between different interest rates based on how much money you want to borrow and how much you will have to pay back at the e...

Jul122022 by Lazaro GodfreyNo Comments

Finding systematic reliable and professional business advisory services

Finance

In this fast-changing business environment, starting a business might have become easier but running it successfully is a complex and challenging task. All businesses, whether a start-up, SMEs, private or public enterprises, or family-owned businesses, need you to remain vigilant all the time. Besides financial management, you need to address the other complexities that naturally come in every business such as license, compliance, regulatory, and mandatory taxation requirements, besides various other business aspects. All these warrant detailed knowledge and perseverance to meet the complex procedures and challenges of changing business scenarios. In order to manage all the growing needs of business, it is always beneficial to engage a professional financial company that ...

Jul42022 by Lazaro GodfreyNo Comments

How To Avoid Credit Cards And BNPL Repayments From Hampering Your Budget

Loan

When it comes to making personal financial decisions, most people would consider online cash advance loans, while others would consider cutting back on their favorite things. Young people looking forward to providing for themselves might not always make the best choice. However, plenty of young workers would be caught up contemplating their financial goals. Rest assured there would always be a thought process that there is adequate time to think about retirement. Rest assured that not all financial goals would be long-term and the decisions made today would either assist or hamper your finances. To avoid the trouble, young people would not want to learn the hard way or consider the trial and error method. Should You Or Should You Not Apply For A Buy Now Pay Later Loan You mig...

May272022 by Lazaro GodfreyNo Comments

A Brief History from Trading Commodities to Trade Digital Coins

Finance

Money has played a huge role in human history for more than 5,000 years. Even before that historians agree that there was a barter system used. The barter system has moved from exchanging animal skin, weapons, and salt to minting metal coins to imprinting paper banknotes, and today the shift is massive towards electronic payments and virtual currency. The history of currency is still being inscribed. The ancient forms of transactions have been designated – for example, there is still margin bartering in some markets like B2B and a few consumer services. As long as, people need an exchange medium the money system will certainly evolve. The great recession of 2008 was responsible for the launch of Bitcoin, a digital currency. It was designed to address centralized money con...