Edwards Consulting, LLC

05/31/2022

Are you considering installing a solar system in your home? Here's a homeowner's guide to the federal tax credit for solar photovoltaics.

This guide provides an overview of the federal investment tax credit for those interested in residential solar photovoltaics, or PV.

05/30/2022

Busy professionals can benefit greatly from voice-to-text apps. You can use these programs to increase efficiency and store your recordings securely via the cloud, especially if you are always on the go or think faster than you can write.

We reviewed and compared prices and accuracy rates from the best voice-to-text apps. This list will help you find a voice-to-text app to fit your needs.

05/27/2022

4 Ways to Minimize Your Taxes

Taxes are inevitable! Like most taxpayers, you are probably wondering how you can minimize the amount you owe. Your income is taxed at the local, state, and federal levels, not forgetting additional deductions to cover Medicare and Social Security. While tax situations differ for every individual, t...

05/26/2022

When you claim business meals as a business expense, you need to have what the IRS calls "sufficient evidence." That means a receipt from the place where the meal occurred. It should include:

05/25/2022

PayPal receipts must be accompanied by legit invoices for the IRS to accept them as business expenses.

05/24/2022

To help you speed up your bookkeeping, think about keeping your business and personal finances separate. So, you won’t need to look through personal information for business related finances and vice versa.

05/23/2022

Try storing your receipts digitally. That way, everything is in one place and if there’s ever an investigation, all of the information related to expenses will be available within your software or app via attachments.

05/20/2022

5 Facts You Should Know About Compound Interest

If an investment or loan accrues compound interest, its interest is calculated using the sum of its initial principal plus any previously accumulated interest. You can think of this concept t as "interest on interest" that will make your money grow faster than simple interest. Suppose you deposited....

05/19/2022

Cluttered records with endless bits of paper will make it a nightmare to do the books with valuable information all over the place. Keep them organized so you know exactly what to look for without wasting time.

05/18/2022

Keep dates and deadlines in mind while creating reminders so you’re not doing the books the night before. Contact us today so that we can help get your bookkeeping done is a timely manner.

05/17/2022

Standard deviation is one of the most commonly used metrics to project potential returns or losses from an investment. Understanding how to read graphs is important if you're starting to invest:

Standard deviation is a measure of volatility. When applied to investments, it can help investors determine a stock's riskiness.

05/16/2022

Unsure what the terms bullish or bearish means in regards to investing? For a better understanding of investment terms in the article below:

Bullish and bearish are often used to describe trends in stock markets. A bullish person or investor acts with a belief that prices will rise, while bearish people act with a belief prices will fall.