Get smart about money! This part of our site is all about the stuff they teach in business school. We’ll walk you through the ins and outs of cash, banks, stocks, and big money numbers. It’s not as hard as it sounds—we make it so easy that even a kid could understand.
We’ve got many articles on running a company, tracking where your money goes, and how the money world works. Our guides will give you the lowdown on accounting, which is just a fancy word for keeping track of your dollars. We’ll also dive into economics—the big picture of how money moves around town and worldwide.
Don’t worry about getting lost in the jargon.
We’ll break it down into plain English, a cinch to read. No need to be a math whiz either. You’re all set if you can count to ten and know your pluses from your minuses. We’ll avoid the head-scratching theories and stick to the essential bits.
So, this is the spot for you whether you’re keen to start your own biz, get a handle on your piggy bank, or just want to sound smart at parties. We’ve got your back with the inside scoop on all things money. Let’s get cracking!
An acceptance or sign-on bonus is extra money a company pays to get someone to take a job offer. The company provides this bonus to make their employment offer more attractive compared to other companies’ offers. Acceptance bonuses serve as an incentive for the person to accept the job and join the company. Why Companies…
An accelerator company, also known as a startup accelerator or seed accelerator, is a type of organization that helps early-stage startup companies grow and succeed faster. The goal of an accelerator company is to “accelerate” the development and growth of promising startups. How Accelerator Companies Help Startups Accelerator companies provide several kinds of assistance and…
An accelerated payment happens when someone pays more money than required on a loan or debt, making payments faster than the original schedule. This strategy helps people get out of debt sooner and save on interest charges. Many borrowers use accelerated payments for mortgages, car loans, student loans, and credit card debt. Basic Concept of…
Accelerated depreciation refers to methods of calculating depreciation that allow more significant deductions in the early years of an asset’s life and more minor deductions later on. This accounting technique helps businesses reduce their taxable income in the first few years after purchasing assets. When a company buys equipment, buildings, vehicles, or other long-term investments,…
Depreciation is the gradual decrease in an asset’s value over time. When something loses its worth as it gets older or is used more, we call this depreciation. This happens to many things businesses own, from computers to buildings. The Basic Concept of Depreciation Depreciation tracks how things lose value over time. When a business…
Shareholders are people or organizations that own shares in a company. When you own shares, you own a small piece of that company. This ownership gives shareholders certain rights and responsibilities. Basic Definition of a Shareholder A shareholder becomes an owner of a company by buying shares. These shares are small company pieces that can…
Tax deductions reduce the amount of income you pay taxes on. When you take a deduction, you lower your taxable income. This means you end up paying less in taxes. This guide explains the most common tax deductions you can claim in the United States. Standard Deduction The standard deduction is the most basic tax…
The Accelerated Cost Recovery System changes how businesses in the United States handle tax deductions for their property. The U.S. Congress created this system in 1981. It lets companies claim tax deductions faster than the property wears out. How ACRS Works Business owners use ACRS to write off the cost of their business property over…
A tax bracket is how the government puts people into groups based on how much money they make. The more money you make, the higher “bracket” you are in. And the higher your bracket, the more taxes you have to pay on the money you make. How Tax Brackets Work Let’s say there are three…
Money is a tool that makes buying, selling, and trading much more accessible in our economy. In economics, we define money as anything widely accepted as payment for goods and services. To count as money, it must fulfill three main jobs. Main Functions of Money First, money works as a medium of exchange. When you…
