Expense management is the concept of reviewing expenses to determine which ones can be safely reduced or eliminated without having an offsetting negative impact on revenues or on the development of future products or services. Budgets and historical trend analysis are expense management tools. When conducting an expense analysis, keep in mind that some expenses …
This category covers assets that increase in value over time such as stocks and shares, tangible assets such as houses, art, cars etc. As with all the other categories, capital gains tax applies when assets are sold where the selling price exceeds the purchase price. Advice from an accountant knowledgeable in this area might save …
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