How Important Is Bookkeeping?

Submitted by: Dee Mirana

Basically, bookkeeping is the procedure of keeping records in the overall costs of your business. It manages anything financial including purchases, sales and cash transactions. Think of it like this, it s everything a person who hates math hates. If you’ve got an enterprise, whether it s big or small, it s beneficial that the books are in order. Other than understanding much money you are earning and how much cash you are spending, it s vital for numerous other reasons. If you are trying to get outside capital, or sense that you would need it sometime soon, it s crucial that your books are in order. Lenders and investors require complete and accurate financial data before granting your request for financing.

Taxes – this is certainly one of the most important reasons for keeping balanced books. In order for you to understand how much to pay the internal revenue service, you’ll need a detailed account of your income along with your expenses. Bad documentation of these could result in fines or penalties. But more often, it ends up with the overpayment of taxes simply because of the incomplete documentation of legally allowable expense deductions.

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Bookkeeping shows the company owner where the business stands, that is definitely necessary for a business enterprise to develop. If the bookkeeper prepares necessary information, he/she would then submit this to an accountant who would analyze the record and come up with a financial statement. There are financial firms that offer both bookkeeping and accounting services. This alleviates the necessity to have two professionals in order to obtain complete accounting services available.

These are only some of the reasons why EVERY business should maintain proper bookkeeping techniques. There are numerous company owners who are only interested in making profits and handling the business enterprise. This isn’t a reason to disregard bookkeeping. For everybody who is this kind of owner, it is easy to opt to hire a bookkeeper instead, thus freeing your time so that you have the amount of time available to work on your business s revenue producing areas. Many times a business owner has the capacity to generate more revenue in the time he saves by employing a bookkeeper than he actually spends on paying for those services. A lot of business owners tries to save money by not hiring a bookkeeper, but actually ends up losing more money because of tax discrepancy.

There should be more than a several bookkeeping firms close to you, but you need to make sure to look for the best. Your bookkeeper also needs to be a person who you can actually talk to easily and who you are comfortable working with regularly. The people that you hire should be experienced in the field, and be ready to provide references so you know what you re getting. Do a research on the different bookkeeping company in your area you d be surprised what you learn off the internet. For better measure, ask friends or family for referrals. It s good to learn from other people s experience.

About the Author: Dee Mirana is ablogger who has been writing topics about bookkeeping and accounting. If you wish to talk about your company’s bookkeeping needs, visit

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Eurovision ’04 winner Ruslana discusses her paths as singer, spokesmodel, stateswoman and source of inspiration

Monday, March 30, 2009

First becoming famous in her native Ukraine in the 1990s, long-haired self-described “AmazonRuslana gained international recognition for winning the 2004 Eurovision Song Contest with her song “Wild Dances,” inspired by the musical traditions of the Hutsul people of the Ukrainian Carpathian Mountains.

In the five years since, Ruslana has decided to use her name and public status to represent a number of worthy causes, including human trafficking, renewable energy, and even the basic concept of democratic process, becoming a public face of Ukraine’s Orange Revolution and later serving in Parliament.

Currently, she is on an international publicity tour to promote her album Wild Energy, a project borne out of a science fiction novel that has come to symbolize her hopes for a newer, better, freer way of life for everyone in the world. She took time to respond to questions Wikinews’s Mike Halterman posed to her about her career in music and her other endeavors.

This is the fifth in a series of interviews with past Eurovision contestants, which will be published sporadically in the lead-up to mid-May’s next contest in Moscow.

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India discontinues ?500, ?1000 denominations; releases ?2000 and new ?500 bills

Monday, November 14, 2016

On Wednesday, India demonetised ?500 (about US$7.50) and ?1000 notes, announced as a measure to fight corruption, fake notes, and black money. Prime Minister Narendra Modi addressed the Indian citizens late Tuesday, and said 500 and 1000 rupee notes would cease to be legal tender at midnight.

To minimise possible difficulties to citizens, transactions using old 500 and 1000 rupee notes were accepted at government hospitals, railway ticket bookings, government buses, and airports. The notes were also accepted at public-sector petrol-pumps, government-authorised consumer co-operative stores, milk booths authorised by State governments, and cremation grounds till Friday midnight. These shops were obliged to have a record of their stocks and sales.

In his announcement, Modi said, “For your immediate needs, you can go to any bank, head post office or sub post office, show your identity proof like Aadhar card, voter’s card, ration card, passport, income tax PAN card number or other approved proofs and exchange your old 500 or thousand rupee notes for new notes.” ((hi))Hindi language: ??????? ???????? ?? ??? ???? ?? ?? ?? ???? ?? ?????? ????? ?? ??? ??? ?????? ????? ?? ??? ?? ????? ?? ??? ?????? ?? ?? ???? ?? ???? ?? ?????? ?? ?? ??? ?? ?? ?????? ?? ???? ????? ????, ???? ??, ???? ?????, ?????? ?????, ???? ?????, ????????, ???? ????? ??? ????? ??????? ???? ?? ??? ??? ??? ???? ?? ??? ??? ???? ???

Modi also announced those who failed to change their currency till December 30 can exchange the notes at Reserve Bank of India (RBI)’s office along with a declaration form till March 31. The notes can be exchanged till December 30 at any branch of any bank across India.

By Saturday, Finance Minister Arun Jaitley said demonetised money equivalent to almost US$30 billion was deposited in banks across India. According to estimate, the old notes accounted for 85% of the total money in circulation. New 500 rupee and 2000 rupee notes are to be issued. Modi said RBI would exercise caution from past experience and limit the circulation of large-value notes.

International tourists could purchase up to 5000 rupees using the old notes at airport exchanges till Friday.

A limit was imposed on cash withdrawal; a maximum of 10000 rupees each day, and 20000 rupees each week, can be withdrawn. Moreover, from Thursday (November 10) till November 24, 4000 rupees can be exchanged in the banks and post offices. The amount is credited to the bank account.

Government workers were informed about demonetising when the announcement was made. Modi announced all banks would remain closed for public work on Wednesday.

In the United States, Donald Trump won the 2016 presidential election on Tuesday, immediately after which stock markets dropped globally. Following the US election and demonetising the money, the Indian stock market fell by 1700 points on Wednesday. Sensex lost 1,688.69 points and Nifty lost 111.55 points on the same day. Indian technology sector companies experienced loss. TCS suffered 4.93% loss and Infosys lost 2.74%.

The Indian rupee is also used in the neighbouring countries of Bhutan and Nepal. The border area uses Indian currency for day-to-day transactions. The Royal Monetary Authority of Bhutan (RMA) has announced the exchange of old notes will be facilitated till December 15. RMA governor Dasho Penjore informed Indian news site The Wire, “We do not know exactly how much Indian currency of Rs 500 and Rs 1,000 is in circulation in Bhutan. We will get a better idea after the deadline to deposit their amount”. RMA has 30% of its international exchange reserve in Indian rupees. Nepal Rastra Bank directed all Nepali banks to stop conducting transactions using the Indian rupee.

On Thursday, there were long queues in front of ATMs and banks to exchange the old notes and withdraw money. BBC reported some banks ran out of cash. Police were called to some banks to maintain discipline. Banks were open on Saturday and Sunday for money exchange.

Shops did not accept the old 500 and 1000 rupee notes. Some emphasised cash-less transaction as well. BBC reported some traders and small business owners in Delhi threatened to call a strike as this move affected their business.

eRetail websites like Amazon and Flipkart announced they would not accept the old 500 and 1000 rupee notes on Cash on Delivery orders. Amazon also announced 15% discount on gift cards worth 500 or 1000 rupees.

The government ceased all transactions using the old 500 and 1000 rupee notes before Saturday. But a Wikinews correspondent noticed a jeweler shop accepting the demonetised notes on Saturday. When questioned, the jeweler said they were accepting the old notes only on purchase. When the correspondent, who did not identify as a reporter to the shop owners, said the old 500 and 1000 rupee notes were not legal money, they said they will exchange the notes in a bank since there were 50 days to exchange with a new and legal tender. They refused to exchange old 500 rupee notes with change, asserting the customer needs to buy merchandise from their shop.

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Summer Chocolates}

Submitted by: Srinivas Dg

Although we believe that, anytime is chocolate time, yet the concept of summer chocolates seems quite fascinating. So, what is this stir about summer chocolates? It has been heard that a handful of chocolate manufacturers feel that summer marks the end of the chocolate season; because it is hot and chocolates are difficult to store. It has also been added that summer apparently has no customary celebrations for which chocolates can be used as gift boxes. But, do we really need a reason to consume chocolates?

As far as family celebrations are concerned, they occur round the year; and, if we talk about customary celebrations that mark the calendar days, then summer too has reasons to celebrate. We have Easter, Mothers Day, Ramadan, and Eid that we celebrate beginning from early summer to the end of it. These are some of the special occasions where not only use chocolates as gift items but also as one of our important food items served to our guests and family members.

However, chocolate sales are relatively low as compared to the other festive seasons; but this is not because of the climate change or cocoa crops. The remaining part of the year has more celebrations than this season. Also, in order to protect your sweet investments, it is important that you take extra care of your favorite stuff. You have to keep your chocolate boxes in dry cold temperatures as you dont want them to melt before they hit your mouth.

Humidity is not good for chocolates; hence it is not a good idea to store it in a refrigerator. It should be kept a little below room temperature, so a nicely air-conditioned room would work fine. You can also put a little bit more effort to keep your favorite summer chocolates fresh and flavorful. We all know that chocolates should be kept in cool, dry place as mentioned in every chocolate packet, but how do we do it. As refrigerating the same is not advisable, you can keep it in the pantry as that is usually a dark place and if not possible, then put the items in a dark tin box. Never refrigerate a chocolate and then lay it open before you consumer to warm up. Rather, it will either be very hard to your teeth or it will melt before it hits your mouth.

Although the shelf life of most of the chocolate products is about a year, we dont expect you to store your favorite thing for one whole year. Also, to enjoy the fresh flavor, it is better that you do not wait so much.

There is no special chocolate variety manufactured especially for summers. You can have any flavor or all the flavors round the year. But, you can try few seasonal fruit chocolates, that are, fruits wrapped with your favorite chocolate flavor. Also, gourmet items such as peanut butter and crunchy nuts infused in milk chocolate, dark chocolate candy filled with coconut, toffee flavored chocolates, orange chocolates, caramel truffles, chocolate in Hawaiian sea salt are some of the unique chocolate varieties you can try during summer days. At Njoy Chocolate, we produce some of them; but we have a huge range of chocolate varieties that you can savor any time of the year. We do not have a separate section for summer chocolates, but our varieties do match the seasons favorites. We believe in one thing while preparing chocolates that once you have it the effect should remain for you to enjoy a little bit more.

About the Author: srinivas is a content marketer and branding strategist at BenErg Software solutions.

njoychocolatier.com

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Republican leaders in US want more tax relief in economic stimulus

Monday, January 26, 2009

As the newly inaugurated Barack Obama administration continues to push for a US$825 billion stimulus package to aid the struggling United States economy, some Republican legislators say they will not vote for such a plan without the inclusion of more tax cuts and less “unnecessary” spending.

Arizona Senator John McCain, Obama’s general election opponent and a leading voice within the Republican Party, says he would not vote for the American Recovery and Reinvestment Plan as it currently stands. Appearing on Fox News Sunday yesterday, McCain echoed his campaign platform in saying, “We need to make tax cuts permanent, and we need to make a commitment that there’ll be no new taxes.”

McCain and other Republicans say they are unhappy with the bill introduced in the House of Representatives, which combines roughly $550 billion in domestic spending with $275 billion in tax cuts. McCain believes not enough Republican proposals have been integrated into the plan, which he fears will result in the plan becoming “just another spending project” rather than a job creator.

“Republicans have not been brought in, to the degree that we should be in, to these negotiations and discussions. So far, as far as I can tell, no Republican proposal has been incorporated,” McCain said. “We’re losing sight of what the stimulus is all about, and that is job creation.”

The Arizona senator is known for his bipartisan efforts in Washington, D.C., but he defined his role in the new Senate as the “loyal opposition”, which does not mean “that I or my party will be a rubber stamp” for Obama, he said.

In his first weekly address since being sworn in, President Obama explained the stimulus plan in further detail, calling it a plan to “immediately jumpstart job creation as well as long-term economic growth.” He outlined several of the bill’s priorities, including the creation or salvation of up to four million jobs, as well as sweeping investments in health care, education, energy and infrastructure.

Among these investments are a new electricity grid with more than 3,000 miles of transmission lines, the weatherization of 2.5 million homes, health insurance protection for more than 8 million Americans, a renovation of over 10,000 schools, a project to repair thousands of miles of roadways, and an expansion of broadband Internet access.

Obama also laid out the rationale behind the stimulus, saying that “unprecedented action” is necessary in order to prevent further economic distress. “Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four,” Obama said. “In short, if we do not act boldly and swiftly, a bad situation could become dramatically worse.”

The president addressed the skepticism surrounding the stimulus package, pledging to “root out waste, inefficiency, and unnecessary spending”, while holding the government accountable for its actions. “We won’t just throw money at our problems,” Obama said. “We’ll invest in what works.”

Still, Republicans such as House Minority Leader John Boehner are skeptical of the plan’s effectiveness in rebuilding the economy. “I think a lot of Republicans will vote no because it’s a lot of wasteful Washington spending”, he commented on Meet the Press, repeating McCain’s call for less federal spending and more tax cuts.

Examples of “wasteful” spending cited by Republicans include millions of coupons to aid in the digital television transition, $200 million for new sod on the National Mall, and $360 million to fight sexually transmitted diseases, which includes funding for contraceptives. House Republicans have claimed it will take 10 years before the economy feels the effect of a stimulus, and that the combined spending of the stimulus and the financial bailouts of last year will leave future generations with over $2 trillion of debt.

In response to the stimulus plan being pushed through Congress, Boehner and Republican Whip Eric Cantor presented Obama with an alternative stimulus plan on Friday, one that relies exclusively on income and business tax cuts. “Our plan offers fast-acting tax relief, not slow-moving and wasteful government spending,” Boehner said. The counterproposal includes an income tax reduction that would save families an estimated $3,200 a year.

Despite this opposition, the stimulus bill is expected to pass through Congress by mid-February, as the Republican minority does not have enough votes to stop its approval. Senate Minority Leader Mitch McConnell expressed a general support of the plan at a White House meeting with Obama and other congressional leaders. “I do think we’ll be able to meet the president’s deadline of getting the package to him by mid-February,” McConnell said. The bill is expected to go before Congress for a vote on Monday, February 2.

Obama’s top economic adviser Lawrence Summers defended the stimulus plan while on Meet the Press. He said the bill was intended to balance the long-term initiatives mentioned above with the tax cuts desired by Republicans. He also said Obama was committed to spending three quarters of the stimulus money within 18 months.

Retrieved from “https://en.wikinews.org/w/index.php?title=Republican_leaders_in_US_want_more_tax_relief_in_economic_stimulus&oldid=3904851”

Glasgow cannabis enthusiasts celebrate ‘green’ on city green

Tuesday, April 22, 2014

Coinciding with Easter Sunday, Glasgow Cannabis Social Club’s annual 420 event was held on Glasgow Green, under sunny blue skies, and overlooking the river Clyde. Despite the city’s council attempting to revoke permission for the gathering at the last minute, police were happy for it to go-ahead with approximately a dozen officers attending in high-visibility vests.

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The Daily Record reported five arrests were made for minor offences, likely smoking and possession of small quantities of cannabis. Taking a less-sensational — and more accurate — line of reporting, the Monday edition of Glasgow’s Evening News stated five were referred to the Procurator Fiscal who is responsible for deciding if charges should be brought.

Official figures provided by the police were that 150 attended. With people coming and going, Wikinews reporters estimated upwards of 200 attended, compared to nearly 700 who had signed up for the event on Facebook. Hemp goods were advertised and on sale at the event, and some attendees were seen drinking cannabis-themed energy drinks.

“I was searched and charged under the Misuse of Drugs Act (which is a lot of bollocks)” one attendee noted online, adding “not fair to happen on a brilliant day like it was, other than that I had a great day!” A second said they were openly smoking and ignored by police, who “were only really focusing on people who looked particularly young”.

Cannabis seeds were openly and legally sold at the event and a hydroponics supplier brought a motortrike towing an advertising trailer. Actually growing cannabis is, however, illegal in the UK.

With the event openly advocating the legalisation of cannabis, speakers put their arguments for this to a receptive crowd. Retired police officer James Duffy, of Law Enforcement Against Prohibition, spoke of the failed United States alcohol prohibition policy; stressing such policies needlessly bring people into contact with criminal elements. Highlighting other countries where legalisation has been implemented, he pointed out such led to lower crime, and lower drug use overall.

One speaker, who produced a bottle of cannabis oil he had received through the post, asserted this cured his prostate cancer. Others highlighted the current use of Sativex by the National Health Service, with a cost in-excess of £150 for a single bottle of GW Pharmaceuticals patented spray — as-compared to the oil shown to the crowd, with a manufacturing cost of approximately £10.

Similar ‘420’ pro-cannabis events were held globally.

Retrieved from “https://en.wikinews.org/w/index.php?title=Glasgow_cannabis_enthusiasts_celebrate_%27green%27_on_city_green&oldid=4627126”

German intelligence participated in U.S. bombing of Iraq, media alleges

Friday, January 13, 2006

The Bundesnachrichtendienst (BND) helped the U.S. military during the 2003 invasion of Iraq, the daily Süddeutsche Zeitung, ARD‘s Panorama magazine and the Los Angeles Times concordantly reported on Thursday.

According to their information, two agents of the BND stayed in Baghdad during the war even after the German embassy was evacuated on March 17, 2003. A former “high-ranking official” in the U.S. Department of Defense told Panorama that the agents helped to track down targets throughout the Iraqi capital for the U.S. Defense Intelligence Agency (DIA) as they didn’t have enough reliable sources in Baghdad. A BND official, also speaking on condition of anonymity, told the Süddeutsche Zeitung that there was “no dumbness between the BND and DIA” during that time and that it was part of the BND’s “job” in Iraq to identify “non targets” like hospitals or embassies. He said this was authorized by the chancellor’s office.

The Pentagon informant of Panorama however said that the German agents were much more involved. A common saying during the war was supposedly: “Do we have anything from the Germans?” According to him, they drove to a restaurant in Mansur district of Baghdad on April 6th where Saddam Hussein was assumed to be dining. The BND agents reported back to the DIA that many Mercedes cars were parking there. As those cars were presumed to be of Saddam Hussein, the U.S. military conducted an air strike on the location. Hussein escaped, but twelve civilians were killed.

The BND confirmed that two of its agents operated in Iraq during the war but denied all other reports. A spokesperson told Panorama that it’s agency “did not provide target information or target coordinates to the warfaring parties.” The intelligence committee of the Bundestag exculpated the BND. Its chair Norbert Röttgen said that the in secret sitting committee, controlled by government parties, concluded with two-third majority that there are no indications that the agents aided the U.S. in selecting targets.

German foreign minister Frank-Walter Steinmeier called the accusations “schizophrenic” while opposition parties are demanding an parliamentary investigation committee. And during a visit of German chancellor Merkel to the White House, U.S. president Bush said in a response to a reporter’s question whether he knew anything about the allegations: “The truth of the matter is, the Chancellor brought this up this morning. I had no idea what she was talking about. The first I heard of it was this morning, truthfully”.

Retrieved from “https://en.wikinews.org/w/index.php?title=German_intelligence_participated_in_U.S._bombing_of_Iraq,_media_alleges&oldid=1109093”

The Advantages Of Purchasing Hollow Metal Doors For Your Home Or Business

byAlma Abell

When building a house or just replacing the doors on the home you live in there are many different choices on what type of doors you will have installed on it. There are wooden doors, glass doors and metal doors to choose from. One thing you should look at is which type of door will withstand the test of time. You will not want to have to replace the door after just a few years due to wear and tear from use, weather and other elements that cause the item to look shabby or wear out. One such type of door you may want to seriously consider checking into are different styles of Hollow Metal Doors.

These types of doors are strong, durable and will last for many years to come. Through tests hollow doors will surpass other types of doors when it comes to security, safety from vandalism or fire and also in sound reduction. All of these reasons are very important to the safety and comfort of your family. Also when it comes to lasting through the wear and tear of elements it has been shown that these types of doors outlast the others that are on the market. There is less maintenance and upkeep than with any other type of door. Do you want to spend time every year repainting a door when you can purchase one that does not need it done as often? These types of doors can be repaired easier and cheaper than having to replace the standard wooden doors.

While all of those things are important reasons to purchase the metal doors you may want to consider something else that will benefit the world for many years to come. Have you seen what wooden doors look like after their time has passed? A Wooden door could pollute the environment either in the landfill or air by burning them. The Hollow Metal Doors are also a great advantage to the environment. Since metal and steel can be recycled it is keeping them out of the landfill. These doors can be melted down and recycled into something else that can be used for many years to come. Recycling is an important part in protecting the earth for our future generations. Get in touch with us for more updates.

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Wheelchair Rugby Tri-Nations Series begins in Sydney

Friday, September 20, 2013

Cathedral Square, Sydney, Australia —Wikinews attended the Wheelchair Rugby Tri-Nations Series in Cathedral Square, Sydney, ongoing from Wednesday. This is the first time an international wheelchair rugby event has been held outdoors, and in this arena. Three nations are competing: the United States, Australia, and New Zealand.

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The venue is Cathedral Square, Sydney, which is adjacent to Hyde Park. The Sydney Central Business district is on the other side of the park. An outdoor stadium has been constructed specifically for the tournament, which is believed to be the first time an international wheelchair rugby tournament has been held outdoors. This choice was validated by the fine and warm weather. Free sunscreen was given to the crowd.

The Opening Ceremony was officiated by Australian Paralympic Committee Chief Executive Officer Jason Hellwig. In attendance were the Premier of New South Wales, Barry O’Farrell, the Deputy Lord Mayor of Sydney, Robyn Kemmis, and Paralympic swimmer Matthew Cowdrey. A large crowd, mostly consisting of school groups, was entertained by boy band Justice Crew singing their hit Best Night.

Each team is to play the others two twice, on Wednesday September 18 and Thursday September 19. Finals are to be held on Friday. All three teams are highly ranked internationally. The United States team is ranked number one in the world. It won bronze at the 2004 Summer Paralympics in Athens, gold at the 2008 Summer Paralympics in Beijing, and bronze at the 2012 Summer Paralympics in London, and is the current world champion. This is its first visit to Australia since the 2000 Summer Paralympics.

The Australian team, known as the Steelers, is ranked second in the world. It won silver in Beijing and gold in London. The team is almost unchanged from the one that won in London. Greg Smith has become the assistant coach.

The first game, held immediately after the Opening Ceremony, was between the United States and Australia. The United States proved the better team, forcing errors and turnovers. Three turnovers in the first quarter were especially costly for the Steelers, who lost 56–43.

The second game was held at 17:30 under lights. The crowd was small, but there were a number of New Zealand fans in the crowd, including a few Maori. Two of the New Zealand players are also Maori. The well-disciplined United States team proved too good for the Wheel Blacks as well, who lost 58–40 in an entertaining contest.

The third game was at 19:30, between Australia and New Zealand. The Australians led the whole game, which was nonetheless entertaining to the last. In the dying seconds of the game, Australia’s Ryley Batt shunted a stalling New Zealand player across the line to force him to score, then threw the ball to team mate Chris Bond, who raced for the line at high speed but was beaten by the buzzer. Australia won 61–48.

The New Zealand team, known as the Wheel Blacks, is ranked tenth in the world. It won gold in Athens.

Highlights of the tournament are scheduled to be shown on Foxtel Sports in Australia on September 28 and 29.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wheelchair_Rugby_Tri-Nations_Series_begins_in_Sydney&oldid=2465231”

CanadaVOTES: NDP candidate Max Lombardi running in Cambridge

Friday, September 26, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. New Democratic Party candidate Max Lombardi is standing for election in the riding of Cambridge. Lombardi is an information technology specialist who has lived in Cambridge for 25 years.

Held since 2004 by Conservative Gary Goodyear, the riding of Cambridge includes the city of Cambridge, Ontario and the Township of North Dumfries, Ontario. Also running in the riding are Gord Zeilstra (Liberal) and Scott Cosman (Green).

Wikinews contacted Max Lombardi, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

For more information, visit the campaign’s official website, listed below.

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