If you’ve heard of Bernie Madoff, you’ve probably heard of a Ponzi scheme. But what exactly is a Ponzi scheme? According to Aron Govil, in its simplest form, a Ponzi scheme is an investment fraud in which investors are promised high returns but instead end up losing their money. Here’s a closer look at how Ponzi schemes work and why… Read More »What Is A Ponzi Scheme? By Aron Govil
A family office is a private wealth management firm that provides comprehensive financial and investment services to a single family or group of closely related families. Family offices are typically staffed with accountants, financial analysts, investment professionals, and attorneys who work together to manage the family’s finances. While some family offices are quite small, others, as per Aron Govil, can… Read More »What Is A Family Office? By Aron Govil
A blockchain maintains a list of records that is continuously growing. These records are called blocks and are secured from tampering and revision. Bitcoin, the first and most well-known cryptocurrency, uses a blockchain to record transactions. Blockchain technology has since been used for other applications such as smart contracts, supply chain management, voting systems, and intellectual property rights management. So… Read More »What Is A Blockchain? By Aron Govil
Bookkeeping may not be the sexiest part of being a marketing consultant, but keeping track of your income and expenses is the difference between having the life you want and working yourself ragged for little or no money says Aron Govil. If you can’t account for what you’ve spent on business-related expenses, it’s going to be a lot harder to… Read More »Aron Govil- 10 Ways Bookkeeping Can Simplify Your Life as a Marketing Consultant
Here are 10 Things You Should Know about Business Accounting by Aron Govil. 1. Accounting, like language, is a form of communication that is the same for everyone. 2. Accountants record all financial transactions of an organization; they track money coming into and out of business accounts (referred to as debits and credits) so managers can make informed decisions about… Read More »Aron Govil- 10 Things You Should Know about Business Accounting
Chances are, you’ve heard about the Tax Cuts and Jobs Act (TCJA) that was signed into law in December explains Aron Govil. Here are 10 things you should know about the new tax law: 1. Most people will see lower federal income taxes starting in 2018. The standard deduction nearly doubles to $12,000 for individuals and $24,000 for married couples… Read More »Aron Govil- 10 Things to Know About the New Tax Cuts and Jobs Act
Depreciation and amortization are accounting steps that bookkeepers can use to create more accurate reports says Aron Govil. This post will explain the differences between depreciation and amortization, how they’re used in a business and what you need to know about them as a bookkeeper or small business owner. What’s the difference between depreciation and amortization? Depreciation and amortization are… Read More »Aron Govil- 10 Things to Know About Depreciation and Amortization for Bookkeepers
We’ll take a look at some of the factors you should think about before making your choice to go online explains Aron Govil. 10 Things to Consider When Moving from QuickBooks Desktop to QuickBooks Online QuickBooks is the market leader in accounting software, hands down. If you’re currently running (or thinking about switching) to desktop QuickBooks, there are several things… Read More »Aron Govil- 10 Things to Consider When Moving from QuickBooks Desktop to QuickBooks Online
If you’re looking for a way to manage your inventory and stay organized, Intuit QuickBooks is up to the task explains Aron Govil. With this program, users can quickly create an accounting system that fits their business needs, allowing them to better track what they have and where it goes. \ Here are 10 tips that will help you get… Read More »Aron Govil: 10 Must-Know Tips for How to Manage Inventory in QuickBooks
Oftentimes, entrepreneurs and small business owners do not learn the right way to manage their accounting until they hire a new employee or business partner. This is often because those who use an accounting system every day often forget how confusing it can be for those just starting out says Aron Govil. That’s why we’ve put together this list of… Read More »Aron Govil: 10 Mistakes That New SMB Owners Often Make with their Accounting Systems and How to Avoid Them
Are you concerned about your data file? You needn’t be because—contrary to what you might think—it’s in good hands! Let me take this opportunity to tell you a little bit about how we protect your data, and the various options that are available should disaster strike says Aron Govil. Now don’t get up; I’ll use small words so I know… Read More »Aron Govil: 9 Things You Should Know about Your QuickBooks Data File
A successful business is not built overnight. To build a successful and sustainable business, you need to invest in the right tools for your accounting needs says Aron Govil. That means finding an experienced accountant or bookkeeper who can create your processes around easy-to-use software that will grow with your business. Blocking out time for day-to-day financial activities is practical,… Read More »Aron Govil- 9 Simple Online Accounting Practices for a Successful Business
Cash flow is the single most important factor in ensuring that your business survives. Without cash, you can’t pay salaries to your employees, repay loans your company took out, or buy supplies for your office says Aron Govil. Your daily accounting system needs to provide accurate information about both incoming and outgoing money at all times so you can make… Read More »Aron Govil- 8 Ways to Improve Cash Flow with a Business Accounting System
If you’re looking to finance your business but don’t have the funds to cover it, look into bank loans explains Aron Govil. You will need a business valuation for the loan application process, however – which may be tricky if you don’t know what you’re doing. Here are some tips to help you value your company correctly. 1. What’s Your… Read More »Aron Govil- 5 Tips for How to Value Your Business for Bank Loans
Enhanced Payroll for Accountants is a set of business intelligence tools, designed to automate and streamline tax-related processes within your accounting firm says Aron Govil. Let’s take a look at five things you should know about the Enhanced Payroll service. 1. Automate Your Tax Filing Process Today With Enhanced Payroll for Accountants, firms are able to automate their monthly payroll… Read More »Aron Govil- 5 Things You Should Know about Enhanced Payroll for Accountants
Enrolling in QuickBooks Self-Employed gets you access to the tax deductions and credits that are included as part of your membership says Aron Govil. You can enroll at any time during open enrollment or during a Special Enrollment Period outside of open enrollment – see below for more on those periods. Here’s what you need to know: You’ll be reimbursed… Read More »Aron Govil- 5 Things to Know About Enrolling in QuickBooks Self-Employed
Are you a freelancer thinking about filing your taxes this year? asks Aron Govil Here are some tips we’ve learned from our community of online money makers to help make it as painless and quick as possible. (If you want to jump straight in and do your taxes, we recommend using this tax software for designers & developers.) 1) Write… Read More »Aron Govil- 5 Tax Tips for Freelancers that will save you Money
Being self-employed comes with many great benefits like an abundance of flexibility and some pretty cool tax deductions says Aron Govil. But it also brings challenges—like filing taxes every quarter (or twice per year) instead of once annually. You guessed it: taxes are not simple or easy if you’re self-employed. Freelancers live on the edge of what is considered “sorta… Read More »Aron Govil shares 5 Completely Underrated Tax Deductions for Freelancers
Who is Aron Govil? Aron Govil is Chairman and CEO of Ducon Group, a worldwide aggregate, whose organizations are associated with modern designing and development, ecological control, material taking care of, foundation, and diversion internationally. Who Can Apply Aron Govil Giving? All USA based students can apply. To know more visit the main giving website here. ESSAY / PROMOPT “Write… Read More »Apply For Aron Govil Giving
Instagram has become a major social media platform for businesses as well as individuals explains Aron Govil. If you already have some fans on Instagram, you know how valuable those first 100k followers can be to your overall social presence and brand growth. The power of having such a large following is that your content will show up on their… Read More »Aron Govil explains How to Get Your First 100k Instagram Followers