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Accounting Principles & Standards: Avoid Them At Your Peril

Accounting principles are the basic assumptions, rules of operation, and essential characteristics that make up the framework for the construction of accounting financial statements. Long ago, I was…

CPAs vs. Non-Certified Accountants learing Up The Confusion

I wish I had a nickel for every time someone asked me what the difference is between CPAs and non-certified accountants. Essentially, non-certified accountants can simply hang up their shingle and op…

Accounting Professionals: Are The Necessary?

Does your business needs an outside accountant? It all depends. If you require an audited or reviewed financial statement, then, yes, you need a CPA. In any event, it is always a good idea to mainta…

Accounting Police: Do They Exist?

Who created accounting principles? Who sets and revises accounting standards? What if you don’t follow all the rules, do you go to jail? Is there an accounting police force that investigates and arre…

The Definition Of Asset Management

Many of you have probably heard the term “asset management” Before, but you may not have an idea of what it really is. Asset management is a broad term. It can be defined as a process that guides the…

The Principality of Liechtenstein and Bank Privacy

The tiny Principality of Liechtenstein survived the Napoleonic wars, World Wars I and II and the Cold War without being invaded. Accounts in Liechtenstein are set to stand the test of time and so far the banks have successfully resisted all efforts to open their accounts for foreign tax investigators.

Money Equals Love

When we think of prosperity and of creating abundance, it’s easy enough to see how working at a job that we love helps us to earn more money then if we worked at a job we hated. We can also see that…

Affirming Money

Creating abundance is probably the hottest topic across the internet. Whether you’re looking to start a business from your home computer or trying to payoff your mortgage in time to retire with comf…

Sod’s Law Costing Britons Millions

From being locked out of home on the coldest day of the year to running out of hot water when getting ready for a date, a quarter (24 per cent) have spent at least 200 GBP putting something right that h…

How To Choose The Right Accountant

An accountant is a professional who keeps track of the financial records of a business or an individual. There are a number of individuals and businesses who use the services of an accountant all yea…

Hurricanes and Finance

Are your personal and family finances in order and ready to go for the 2006 Atlantic tropical hurricane season? Are you ready to go for a mandatory evacuation and realize that your home may be destroyed and you may not even come back for four to six weeks to look at it because the power is out and FEMA will not want you back in the area?

How to Deal With a Collection Agency

If you are currently being contacted by a collection agency, the feeling can be awful. With the calls and letters coming in most every day, it probably seems as if there is no end in sight. However, there are some simple and effective measures that you can take to stop the contact for good. In this article, let’s take a look at how to deal with a collection agency.

Collection Agency Law Explained

If you have ever been contacted by a collection agency, you know that it can be an unpleasant experience. A collection agency can turn simple acts, such as checking the mail or answering the phone, into dreaded tasks. However, it is important to know that there is a law in place intended to protect the people that collection agencies contact. The FDCPA (Fair Debt Collection Practices Act) was enacted to keep debt collectors from abusing, harassing, or deceiving a person when attempting to collect a debt. It also gives debt collectors strict guidelines to follow when collecting a debt. In this article, we will have this collection agency law explained in simple terms, to better inform debtors of their rights.