Recent content by ankita

I recently started paying HOA (Homeowners Association) fees for my property, and I’m wondering if these fees are tax-deductible. Can someone explain whether homeowners can deduct HOA fees on their taxes, and if so, under what circumstances? Any tips or examples would be really helpful.

I keep hearing about tax codes, but I’m not exactly sure what they mean or how they affect my income and taxes. Can someone explain what a tax code is, why it’s important, and how I can find the correct one for myself?

Hi everyone, I’m trying to understand capital gains tax and how much it usually is. Can someone explain the rates and what factors affect how much tax I would owe on investments or property sales?

Bookkeeping is the process of recording daily financial transactions, such as sales, purchases, receipts, and payments. It focuses on maintaining accurate, organized records. Accounting goes further by analyzing, interpreting, and reporting this financial data. It involves preparing financial...

“Fidelity layoffs” refers to job cuts carried out by different divisions of Fidelity. In recent years, the company has reduced its workforce in several regions, including global cuts to save costs, technology-related layoffs in China, and position eliminations in India. These moves reflect...

The essential financial statements for evaluating a company’s performance are: Income Statement – shows revenue, expenses, and profit over a period. Balance Sheet – presents assets, liabilities, and equity at a specific date. Cash Flow Statement – details cash inflows and outflows from...

An audit in a company is conducted by an independent auditor or auditing firm, usually appointed by the shareholders or board of directors. Internal audits, however, are carried out by the company’s internal audit team. The external auditor’s responsibility is to review financial records, ensure...

Starting a photography business can cost anywhere from $2,000 to $15,000 or more, depending on scale and equipment. Basic costs include a good camera, lenses, lighting, computer, editing software, website, marketing, insurance, and business licenses. Beginners may start small with minimal gear...

Business brokers usually charge a commission fee for selling a business, typically ranging between 5% and 12% of the final sale price, depending on the deal size and complexity. Smaller businesses often face higher percentages, while larger deals may be negotiated lower. Some brokers also...

A VRLT (Vacant Residential Land Tax) is an annual tax in Victoria, Australia, aimed at discouraging property vacancy and improving housing availability. It applies to residential land that’s been unoccupied—whether due to actual vacancy, ongoing construction (over 2 years), or dwelling...

FintechZoom.com CAC 40 refers to the segment on FintechZoom—a financial news and analytics website—that focuses on the CAC 40, France’s main stock market index tracking the 40 largest and most liquid companies listed on Euronext Paris. It typically offers real-time quotes, charts, sector...

An audit trail is a detailed record that traces all financial transactions or system activities in chronological order. It shows who performed an action, what changes were made, when, and where. Audit trails ensure transparency, accuracy, and accountability, making it easier to detect errors...

A bank statement is an official document issued by a bank that summarizes all account activities over a specific period. It lists deposits, withdrawals, transfers, fees, and the closing balance. Bank statements help account holders track finances, verify transactions, identify errors, and...

can someone explain who is a company secretary?

I keep hearing the term redemption in different contexts—finance, religion, even everyday life. Can someone explain What is redemption and maybe give a simple example?