#thaddeusresourcecenter

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Tax Brackets and AMT

Tax brackets are continuously changing year after year to account for the changes in the cost of living. The purpose of the tax brackets are to determine which percentage the taxpayer will be taxed with depending on their yearly income, and which category they fall under.

Read more of Vivianna’s “Tax Brackets and AMT”

Source: hthandassociates.com

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Payroll

Payroll is the compensation a business must pay to its employees for a set period or on a given date. It is usually managed by the accounting or human resources department of a company.

Read more of Jory’s “Payroll”

Source: hthandassociates.com

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Basket Purchases

This is the acquisition of a number of assets as a group or a lump sum in a single purchase transaction. When an investor purchases a basket of assets, it means that in a single transaction, the investor is able to buy many assets as a group at a price under their combined market values. 

Read more of Charmaine's “Basket Purchases”

Source: hthandassociates.com

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Cash Management

Cash management is the process of collecting and managing cash flows. Cash management can be important for both individuals and companies. In business, it is a key component of a company's financial stability. For individuals, cash is also essential for financial stability while also usually considered as part of a total wealth portfolio.

Read more of Jory’s “Cash Management”

Source: hthandassociates.com

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Special Accounting Journals

A special journal is used to record and post transactions of the same type. Special journals accumulate debits and credits of similar transactions and post amounts as column totals instead of individual amounts.

Read more of Sapna's “Special Accounting Journals​“

Source: hthandassociates.com