Reddit mentions: The best accounting books

We found 301 Reddit comments discussing the best accounting books. We ran sentiment analysis on each of these comments to determine how redditors feel about different products. We found 167 products and ranked them based on the amount of positive reactions they received. Here are the top 20.

2. Accounting Made Simple: Accounting Explained in 100 Pages or Less

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  • Valuable
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Accounting Made Simple: Accounting Explained in 100 Pages or Less
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7. Progressive Consumption Taxation: The X-Tax Revisited

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Progressive Consumption Taxation: The X-Tax Revisited
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8. Schaums Outline of Intermediate Accounting I, Second Edition (Schaum's Outlines)

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  • McGraw-Hill Science Engineering Math
Schaums Outline of Intermediate Accounting I, Second Edition (Schaum's Outlines)
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9. Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors)

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11. The Accounting Game : Basic Accounting Fresh from the Lemonade Stand

The Accounting Game : Basic Accounting Fresh from the Lemonade Stand
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13. Principles of Auditing & Other Assurance Services

Principles of Auditing & Other Assurance Services
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14. Women's Needs: Report to the 1983 General Assembly of North Carolina, 1984 Session (Classic Reprint)

Women's Needs: Report to the 1983 General Assembly of North Carolina, 1984 Session (Classic Reprint)
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15. Financial Accounting, 7th Edition

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17. Accounting Demystified

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18. J.K. Lasser's Small Business Taxes 2019: Your Complete Guide to a Better Bottom Line

J.K. Lasser's Small Business Taxes 2019: Your Complete Guide to a Better Bottom Line
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19. Schaum's Outline of Intermediate Accounting II, 2ed (Schaum's Outlines)

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🎓 Reddit experts on accounting books

The comments and opinions expressed on this page are written exclusively by redditors. To provide you with the most relevant data, we sourced opinions from the most knowledgeable Reddit users based the total number of upvotes and downvotes received across comments on subreddits where accounting books are discussed. For your reference and for the sake of transparency, here are the specialists whose opinions mattered the most in our ranking.
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Top Reddit comments about Accounting:

u/sweatystartup · 4 pointsr/smallbusiness

Doing this while you have a full time job is the perfect way to start. More on that here.

Step 1: Do a quick and dirty market study - start searching and calling competitors. Use trends.google.com to find out which company in your town is the largest (most search volume) and study them. Are they doing digital marketing? Are they putting out good content (content marketing) on their website? Call them and play a customer. Ask them 100 questions about their process and their lead time. Lead time is the most important. If they are booked out a few weeks you know they are overloaded with customers. Thats a good sign. Move on to step 2.

Step 2: Buy a web domain and hosting for $1.99 per month and build a WordPress site. Get a Google My Business location at your home. Get some reviews on here as fast as possible. I wrote down all the early tools I used here if you'd like to check it out. Google is going to power your business early on. Get a logo and some door hanging flyers put together using a freelancing site. Get your logo embroidered on a nice polo shirt.

Step 3: Write some great content focused around keywords in your town here. Use ahrefs.com to research the keywords you want to target and build some DIY guides for homeowners in your town using those keywords. Some really useful stuff that people will engage with. Thats content marketing and its the best way to get a leg up on google. More on that here.

Step 4: Consider getting a part time for a painting company that specializes in interior and/or exterior on the weekends. Get a feel for the sprayers, rollers equipment, methods and get better at painting. Speed is the key in this business. Offer to do some painting for friends for free (if they buy the paint). Get those friends to take pictures of your work and leave you a nice detailed review on your Google My Business location. Get at least 5 reviews. Have them call you and get directions to your location and click through to your website before leaving the review so Google knows it isn't fake.

Step 5: Marketing. Watch Zillow and Realtor.com and filter for homes that are recently sold in your target areas. New homeowners are exponentially more likely to want interior and exterior painting services than a random joe off the street. Put on your polo and a pair of khakis and go to the homes that recently sold and knock on the door. Smile at them and shake their hand firmly. Tell them about yourself and that you’d love to offer them a free quote to touch up or re-paint some rooms. If they don’t answer hang the flyer on the door and go to the next house.

Go to a paint store and make friends with the employees there. Give them your business cards and your flyers and ask them to spread the word. Offer them $20 cash each time they bring a customer that says they sent you.

Get some nice lawn signs made and ask customers if you can put them in the lawn. Some will let you if they like you. If they don’t offer them a discount on a future painting.

Ignore getting a social media following. Not worth your time or money. Post videos of your work on youtube with local keywords instead. Experiment with social media marketing and PPC marketing by hiring a freelancer who specializes in this sort of thing.

Get creative with your marketing. You know where your customers are and who your perfect customer is. Go find them.

When you get some interest move on to step 6.

Step 6: Purchase used equipment and a cargo van. Here is my used cargo van buying guide (i've purchased 15 or so used vans all under $7500 and they are amazing assets. Get a sprayer, rollers, brushes, a ladder etc. You're about ready to go.

Step 7: Housekeeping stuff. Register with the state as a sole proprietor and get liability insurance. Before you hire your first employee get workers compensation insurance and consider incorporating. Get accounting software like quickbooks and outsource your payroll to a service like Gusto or Paychex. Keep very detailed records of everything and read this book. Consider hiring a bookkeeper but make sure you understand most of it yourself as well. Become a licensed contractor in your state.

Step 8: Get out and paint.

A few notes:

Its competitive. A lot of companies are painting. Answer the phone every time with friendly, eager professionalism and enthusiasm and you’ll be in the top 10%. Nurture your Google Business location. Its your most important asset. Reviews with photos are worth 10 regular reviews.

Play around with the pricing you charge. Price your time at what you estimate would be $40 per hour at first but make sure to charge by the job and not by the hour. You will get better at quoting over time and you will also get much faster at painting.

When you start to get some momentum set up a CRM like Jobber. It allows you to look way more professional than you are. Do all of your billing online. Attach photos of the jobs as they are completed.

You are not going to compete on price. You are going to compete on speed, professionalism, customer service and quality. They are going to like you as a person and want to do business with you. Learn more about this concept in my episode#13 "never compete on price again".

How about a text message when you are on the way to service a customer? How about a link in that text to a picture of the smiling clean cut person who will be stepping onto their property? And a note about what you can expect from the person and how the appointment will go? How about instead of a t-shirt and dirty jeans you have a collared shirt and khakis? How about hair up in a pony tail, tattoos covered, and beard neatly trimmed? How about a giant smile, a firm handshake and an enthusiastic opening statement?

Eventually you will get some momentum. You will be able to upgrade your equipment and get a nicer sprayer. You'll need to hire some help on the weekends you work. Pay well, $15+ per hour, and get competent people. Oversee them for a while until you trust them to paint without you being there.

Avoid being a subcontractor. General contractors only care about one thing - price. You aren't competing on price. You are adding service the the equation so your business only deals with the customers one on one.

Focus on what you do best and outsource everything else.

Form a personal relationship with your customers. Know the names of everyone in the family. Show up with a teddy bear for the little guy. Send a thank you note a few weeks after the job.

Maybe partner with a few realty shops in town or watch the MLS and visit homeowners the week before an open house. A home looks a lot newer with a fresh coat of paint. Use google maps and street view to quote exterior jobs instantly over the phone with customers.

Consider learning Spanish so your customer and employee base is expanded.

Consider expanding to other services like sealcoating and deck staining. Partner with deck builders and pavers and send them business and they will return the favor by sending business your way.

Study and emulate businesses in other towns or cities that are doing an amazing job. Take bits and pieces from each business and build your business as a hybrid that takes the best practices from the best companies.

Eventually you will build a great little business. You will compete on speed and quality and not price. You will charge more than the average joes who offer painting on craigslist and people will be happy to pay it. You can chose to stay small and charge a high price or try to grow and scale the business.

“On demand” is going to be your competitive advantage so you can charge a higher price. Make sure you can offer next day service or same day service. As soon as you get too busy to do that you need to raise your prices or hire another employee. Make sure that person is presentable and clean cut.

Remember that its not about finding great people. Its about simplifying the job so your employees can thrive. Train them to do their core task really well. Don't ask them to do 20 things or they'll do them all poorly. Don’t forget workers comp.

Now spend all of your time answering the phone, dealing with clients, and quoting jobs and managing the marketing. Build a series of youtube videos targeting your city and the keywords so you show up on the second largest search engine in the world (Youtube).

When do you quit your job? That is all up to you. Lean out your life and your business so its less risky and you can get by on earning less. Stay lean as you grow and keep your expenses variable so you can change, pivot and close up shop if things go poorly.

Don’t like painting? Check out this list and take your pick.

u/dreambig5 · 4 pointsr/WGU

I hope someone from the accounting degree/field can provide you with a more clear answer.

If you're having trouble retaining information, I would first consider, is this a field that you are even interested in? I get that it is a bit late after spending 3 terms on it but maybe it's not (just something to consider)? Also in a working world, you don't need to memorize everything like we do for tests. You have books and internet available where you can always utilize. It's not until you've been working in the "real world" do certain concepts sink in.

Second, if it comes to practice, there is alot you can do to keep applying your skills. A quick search on google just took me to this page: https://www.accountingcoach.com/quizzes. Has good amount of definitions and practice scenarios for you to calculate. I'm sure there's plenty of other sites as well.

I found someone recommending this book on another post: https://www.amazon.com/Schaums-Outline-Financial-Accounting-Outlines/dp/0071762507

Also, have you had a change to check out Lynda, Pluralsight or youtube videos (Lynda and pluralsight are free to use as a student from WGU)? I usually find that if I am having trouble understand certain concept from reading, it's better if I hear and see someone work out the problem.

I found this from youtube on your current course: https://www.youtube.com/playlist?list=PLIEoX8IiVPT-dW1aFWaG7twxLXx45ILWW

In regards to the job market, I would say make sure you're finding a location that has plenty of Accounting job opportunities, so you can bounce around after getting 6 months - 1 yr experience at each. I found this to be very effective method for my friends who are in accounting who graduated from college.

Having a degree is going to check off a box for the hiring manager. It does show that even though you are from a different background, you were able to understand the concepts of the degree that you studied for (atleast at a foundational level). It doesn't guarantee anything like how you will work with others or how you are able to meet deadlines (you should def highlight that achievement of completing the contract in 6 months, wayy ahead of schedule). You have to be confident in your interviewing skills and be able to demonstrate that you are capable of doing the job.

I would def also look into doing a CPA. I know companies that have bonuses on the line depending on if you can finish your CPA within a certain time of employment.

In summary, use the resources that are available to understand the problem, practice as much as you can till you're confident in your abilities, and keep striving to improve yourself and skills everyday.

(P.s. sorry for rambling, I can hardly get myself to write a one page paper for history but felt certain things that need to be said. Also that last line you said "i would be fine with a...", get that out of your head. Aim higher, and if you achieve that, aim even higher).

I wish you and your family the best of luck and happiness!

u/whacim · 3 pointsr/Accounting

This is probably more than what you are looking for, but I’ll go ahead and pass on what I have been using. I was already thinking about putting together a less expensive, non-Becker CPA exam strategy for r/accounting once I pass all the exams; so this will be a good warm up.
I haven’t taken all of the exams yet (I have passed the ones I have taken), but I can tell you the resources that have seemed to help the most far. I am pretty cheap, so I have tried to obtain my materials as inexpensively as possible (which is odd because my employer is paying for everything upfront).

For all of the exams I have purchased the Wiley CPA exam prep books; If you are lucky you might be able to find them at your local library.

I also use the Gleim multiple choice questions, and simulations. Gleim questions are in my experience more challenging than the real test questions, which make the actual exams seem not so bad (which is a great confidence booster). I try to answer 1500-2000 MC questions in the last couple of weeks leading up to the exam. I went through the Gleim regulation simulation questions once before the exam, and they really helped me a lot.

For BEC I pretty much relied on tons of Gleim MC questions, and the Wiley materials. I also used my managerial accounting textbook for reviewing cost accounting.

Additional materials I used for REG were my undergrad Business Law textbook, and the Federal Taxation book I mentioned in my last post.

For FAR (the test I am preparing for now), it had been so long since I took any financial accounting courses, I felt I needed a more fundamental review. I have been working through Schaums Outline of Intermediate Accounting I, Second Edition and Schaums Outline of Intermediate Accounting II, Second Edition. I have also been reading Governmental Accounting Made Easy, which has been helping with governmental accounting concepts (I never covered this in school). I am hoping that Wiley and Gleim materials will be sufficient for IFRS.

I’ll have to get back to you on AUD in a few months, but I am assuming that it will probably be a Gleim, Wiley, and old text book combo.

I hope that this helps. It has worked pretty well for me, but everybody learns a little different. Good luck!

u/sutsu · 2 pointsr/Conservative

...

It's very rare that I get stupefied like this. Seriously, upvote for your density. You knocked me for not picking up your sarcasm before, but you totally miss not only my own sarcasm but the fact that what I stated is not a conservative argument but the epitome of a liberal argument?

Before I get into the rest of my argument, let me remind you of something. Sure, the top 20% may own 85% but in 2008 the top 25% paid 86% of the taxes. The bottom 75% paid only 14%, the bottom 50% only paid 2.7%. Is that not fair enough? Apparently not.

Back to what stupefied me, you asked (formatted to get to the point of the question):
> Whatever amount the haves have at the moment are we anywhere near taxing them at the amount that we should be to have a fair and equitable society?

And I answered:

> But to placate you a moment, in order to tax the haves enough to have any shot at a 'fair and equitable' society, the tax rate would have to be 100% of everyone earning even a cent, followed by a gracious rebate from the government so that everyone receives the same amount of money. From each according to their ability, to each according to their needs, right? Show me a large society where Karl Marx's ideals have taken good hold without requiring genocide and the stomping out of man's God given rights.

That answer is not my position on what would help this country. It is not a conservative opinion or argument. If you want to force a truly equitable society, that's the option you're looking for. Not me, I personally despise that option, because it forces everyone at zero. That's what you're really looking for, in case you don't realize it, to try and force a fair and equitable society. The problem is that no society will ever truly be completely fair and equitable. I just gave you Karl Marx's idea of a fair and equitable society, which is what many liberals and the left lean towards without even knowing it.


Now, allow me to state my opinion as a Conservative clearly since you obviously mistook what I was saying before. It may be complicated but I'll break it down for you so you can follow. Pay attention, you might learn something or even see something that you like.

  • In any society you will have the haves and the have nots. Not everyone will become a have no matter what sort of bonus or help you give them. Anyone can become a have not if they don't give a damn. You have to realize this.

  • In any society you will have people who game the system, for good or for ill depending on how you look at it. Human beings will look for any chance to get ahead in any way that they can, in ways both legal and illegal. Once you get these two top points, you'll understand that no matter what you do in trying to make society fair and equal, it will in part fail because some people will not look to be just a fair and equal part of society. They may remain in their status quo position or try and get more than they presently have. It is a fact of life.

  • As a Conservative, I support and would push for anything that gets unnecessary government regulation out of your house, business, and life. A government that can tell you what lightbulb and what toilet you must use is a powerful government indeed. You get rid of the excess and largesse of the government and keep it limited (a basic tenet of Conservative thought) and keep what is necessary and what it does well. That includes basic things that include but are not limited to a military, infrastructure, international relations, domestic policy, and protecting its citizens. It does not include building bridges to nowhere, nor putting a boot on the neck of industries that are the victim of the day, industries that would hire hundreds and thousands of workers and put an economy to work if not for the fact that the government has made them the "bad guy" because executives might make some money in the process of hiring those employees.

  • As a Conservative, I support and would push for government to stop messing around unnecessarily with the financial sector insofar as it has told banks that they HAVE to lend money or be called racist. You can see the Fair Housing Act of 1968, the Equal Credit Opportunity Act of 1974 and the Home Mortgage Disclosure Act of 1975. The problem is in part that banks were told to lend to persons who had no business owning a home, but because the lies, damn lies and statistics showed they were "really" (note: this is sarcasm) not lending to them because of their race, and forced banks to make bad loans. They then decided to pad their earnings any way they could, see securities and derivatives.

  • As a Conservative, I support and would push for a firm enforcement of the Constitution and our Constitutional laws. The Constitution is the basic contract the government has with the states and its citizens. If that contract is not enforced in its totality, what good is it? If one part of it is considered old, outdated and ignored, then any part of it can be considered old, outdated and ignored. At this point your rights are no longer God given and respected by your government but can be given and taken away by your government at their pleasure. Also the laws of the land must be universal, everyone must be equal under the laws. This means your average citizen and your biggest corporations must comply with the laws of the land, and if they break said laws they get punished. This also means that if there isn't a law, not just that there is a law and you're not enforcing it but that there actually is no law regarding a subject, you learn from it and you push to make a law.

  • As a Conservative, I support and would push for bad businesses failing. If you ran your business like crap, if you caused a financial meltdown by making bad bets, if you ran a failing model and couldn't keep your labor costs within your company's means, you have no business being IN business. Boiled down, NO BAILOUTS. Doesn't matter whether you're a financial institution, a government sponsored enterprise, or an automotive corporation. I'm sure most people would get this, but you always have some snarky fool calling Conservatives inhuman monsters with no compassion for the people who would be unemployed by letting these businesses fail. You let one business fail, another will rise up in its stead.

  • As a Conservative, I support and would push for a complete dismantling of the IRS and ALL the taxes presently collected in the US (including but not limited to personal income tax, corporate income tax, capital gains tax, inheritance tax, social security and medicare taxes, death tax, payroll tax, workman's comp tax, et al.) and the setting up for a flat 20% consumption tax on all new goods and services sold at the consumer level within the United States, coupled with a monthly "pre-bate," or rebate at the beginning of the month, for what a poverty level family would spend in taxes for that month. This way, the poorest don't even pay for the basic bare necessities of what they need, and anything a person spends in excess of that 20% becomes taxed regardless of where they stand on their income. The tax is levied on all new goods and services, regardless of who buys it (citizen or non-citizen) and how they buy it (cash or credit). This means that even a drug dealer who doesn't declare any of his income will pay taxes on the bling bling brand new Benz he buys in cash, and the tourist from Kazakhstan who bought a Statue of Liberty souvenir is actually contributing to your Social Security. It also means that since all the levels of production aren't taxed on their materials, the cost of products would drop. The added bonus of this is essentially a clear cut pool of funds for the government and who takes what. Even better, as you see how much money government takes, and where you can trim the fat of the government, you can more easily adjust the tax rate to save everyone some of their hard earned money. Not just tax cuts for the rich, but tax cuts for everyone. That's a fair and equitable proposition. Now, of course it's not a perfect system because you can live on second hand goods off of eBay for the rest of your life, but as I said before, there's always SOMEONE who will game the system. You find the game, you adjust it and close it, and you go from there. If you would like to learn more about this, you can read The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS by Neil Boortz.

  • As a Conservative, I support and would push for a reform of Social Security such that the people who have lived their lives and planned for Social Security will be guaranteed to have it, and offer alternatives for retirement planning . Personally, I'd say any citizen over the age of 40 or 45 should be guaranteed their Social Security benefits. All funds for Social

  • As a Conservative, I support and would push for massive immigration reform. I am totally for anyone who wants to come to this country and become part of the civil society being welcomed with open arms, given a road to become a resident alien or full fledged citizen, and entering the melting pot of American Society. However, if you decide that you're above the system and you should be able to wander in at your leisure undocumented and unnoticed over open borders, I fully support you getting kicked the hell out of my country. Come here to help and be part of the civil society or stay out. Because of this, I fully support a nice big wall across the Mexican border because it is unsustainably porous.


    Maybe you'll still think that conservative ideals are idiotic, and you're more than welcome to have your opinion. This is as clear cut as I can make my positions as a Conservative. What's your beef with them?

    edit: Unless you're just going to say "TL:DR, you're still a conservative asshole."
u/gsawgf · 2 pointsr/WGU

I've found that Schaum's Outlines are great for both understanding the material and providing practice problems, particularly in the beginning when nothing made sense. There are a number of YouTube channels that are helpful for accounting courses in general (such as Edspira and Farhat), but I don't think they're geared for the introductory accounting courses. You could give AccountingCoach a try; I've used the site for alternate explanations a few times. Investopedia has been useful for referencing terminology and putting it into context.

In addition to accounting resources, I'd suggest that you either obtain an accounting calculator (the BA II Plus is the recommended calculator) or if you've already got a TI-83/84, you learn to use the financial functions. You'll spend a fair amount of time on the time-value-of-money (TVM) functions in some of the courses, and it'll help you tremendously to understand how to use your calculator.


FWIW, I had no real accounting background, so debit/credit was kind of a weird thing to wrap my head around. It's not debit (as in subtract money) and credit (as in add money) but rather a notation (convention?) to signify what side of the t account to place the amount in. Each account (cash, accounts payable, expenses, etc.) has a normal balance on one side or the other. Cash, for example, is an asset and has a normal debit balance. Accounts Payable (a liability account) has a normal credit balance. In double entry accounting, each debit recorded will have a corresponding credit recorded, to ensure that the accounting equation (assets = liabilities + owner's equity) remains balanced. At the end of any particular period of time, you can prepare what's called a trial balance to ensure that all of the debits you've made equal all of the credits you've made, which keeps mathematical errors out of your books.


Good luck to you! I've really enjoyed all of the things I've learned about accounting so far, and I hope you enjoy them too!

u/JankyDoodle · 1 pointr/smallbusiness

"As a minor, I can't do a ton as far as money goes."

Its an interesting legal gray area for sure. Suffice it to say that the courts have given you so much power with regard to disaffirming a contract that its stacked life against you.

"I understand that in order to do this I need to basically have an adult own the business and pay me and others a salary. "

As far as I know, if you have a Social Security number, you can have a sole proprietorship. Folks at this level usually want to formally incorporate for liability purposes, but again...you've got a lot of power when it comes to contracts.

"I would be starting off with me and possibly 1 or 2 other friends working on this. How would this work? I need to be paid at least minimum wage in order to run the business legally right?"

Your profits are going to be treated as regular income in a sole proprietorship. As far as your friends go, how much money are you realistically expecting them to make off of this? Can you pay them by the job and just 1099 them? The IRS doesn't even require that you 1099 anyone that you paid less than $600.00 in a given year.

"What if I make money from the business and decide to treat myself to a nice meal? Can this come out of the money the business made?"

No. You can't take write-offs like this unless you have a reasonable expectation that the meal will result in some sort of material benefit to your business.

"Where the hell can I learn all of the financial side of this stuff?"

Major in Business Administration when you get to college.

"I've been reading about Warren Buffet and he just ran around doing little ventures with his friends, selling pinball machines to business owners and such, but nobody questioned him for it. I feel like it's different now. I don't feel like I have that freedom. Am I wrong? "

Not really. Sales is still sales, and relationships with people are still relationships with people. A lot of things will open up to you when you reach the age of majority. I'm not saying it never happens, but there is a considerable amount of risk to a corporate buyer to enter into a contract with a minor.

"Where can I look to learn things about the bookkeeping part of business, business accounts, running stuff as a minor, etc.?"

Bookkeeping is simpler than you might think. Its a very straightforward process.

https://www.amazon.com/Bookkeeping-All-One-Dummies/dp/1119094216/ref=sr_1_1?ie=UTF8&qid=1491587782&sr=8-1&keywords=bookkeeping

Accounting is the more difficult subject. I recommend you take the free courses on Financial Accounting and Managerial Accounting from saylor.org if you wish to learn more. Also, you can take tests on both of those courses at that website for college credit. They cost $25 a piece, and you take them from home using a web-based proctor. You might have to check and see if the college you plan to attend will accept credits from ACE or NCCRS, though.

Good luck!

u/Akonion · 98 pointsr/business

Articles from reputable sources are a decent source of knowledge, but some quality business books will get you an infinitely better understanding of concepts. Here is my personal business book list if you want to get a "universal generalist" understanding of business:

u/marjongimpley · 5 pointsr/Entrepreneur

I felt the same way, so I went and found a bunch. Here they are:

Start Your Business is the single greatest book on starting a business. It is a pretty comprehensive overview of all aspects. I would definitely recommend it.

Finance:

Financial Accounting is a decent text. The usefulness of financial accounting in general is quite limited for an entrepreneur though. The techniques are mainly used by outside parties to evaluate companies, whether for investing or lending. But it can be useful in that it gives a metric for how your company is doing.

Managerial Accounting is a good book. The subject matter is extremely important and should definitely be learned. Get a book on managerial accounting.

Marketing:

Marketing Management is a really good text for an overview of marketing. One of the best.

Most marketing texts are smaller and not textbooks like you're looking for. There are some detailed texts that go into complicated calculations related to marketing decisions. Go check them out. It's like marketing science or something like that.

Business Law:

Business law is not really worth going into extreme detail. So a good book is The Entrepreneur's Guide to Business Law .


Final Note: It's important to note that it makes way more sense to just get into business and learn as you go. You could spend years learning from every text possible and get nowhere.

u/frenchforkate · 1 pointr/Accounting

Ok, well a lot of Introductory Accounting books are really more about bookkeeping than anything else. I'd avoid those. If you want to get a head start, the Phillips and Libby one is good. I teach it in my Intro Accounting class. This is an older edition, but you can get a used version for $3.00 on Amazon so that's a plus. Everything builds on the concepts in this book. To succeed in Accounting, you have to master debits/credits and journal entries. There are lots of great YouTube videos on Accounting concepts too so if there's something in the book that's not making sense, see if you can find a good video on the topic.

Here's a link to purchase the Phillips and Libby book: https://www.amazon.com/gp/offer-listing/0078025370/ref=sr_1_1_twi_har_1_olp?ie=UTF8&qid=1465504702&sr=8-1&keywords=fundamentals+of+financial+accounting+book+libby

Also, I haven't read this book, but it sounds like it covers all the basics well.

https://www.amazon.com/Accounting-Made-Simple-Explained-Pages/dp/0981454224/ref=sr_1_1?ie=UTF8&qid=1465504552&sr=8-1&keywords=intro+accounting+book

Best of luck!

u/1950sbebop · 8 pointsr/Accounting

Sup Stab-Stabby,

Before you read what I have to say, I highly suggest checking out this sub: https://www.reddit.com/r/Bookkeeping/ . I asked a question there about bookkeeping and got some pretty honest and straight forward advice.

Anyways - from what I understand (and I could be wrong, anyone feel free to correct me), it's essentially making journal entries and making the ledger, writing up invoices and income statements.

You absolutely for sure need to have some basic concept regarding what to debit and credit when there is a transaction, and other basic accounting rules.

If you are not well versed at all in accounting (like I was and still am, however I've been studying in my spare time), I highly suggest you read this book: https://www.amazon.com/Accounting-Made-Simple-Explained-Pages/dp/0981454224

The author explains the accounting concept and doing things like a book keeper would do very simply, and straight to the point.

You do not need to be a math wizard to be a bookkeeper, but you need to do things like Add, subtract, multiply, or divide in accounting terms.

For example: Return on Assets = Net Income/Average Total Assets.

But I'm not sure if you'd use something like that in bookkeeping, it's more of keeping records I'm assuming .

I do want to point out that you're not insane considering a career like this. I'm in the exact same position - decided I needed a career change and started looking into different careers out of desperation. Found accounting to be doable / interesting, financially stable, seems to be a decent job market and it's something that doesn't take long schooling wise compared to... let's say law school or becoming a doctor.

Hope this helped you out in some way or another

u/eperdu · 1 pointr/WGU

I personally didn't like the Note Pirate or Tony Bell videos. They were just not clicking with me. I found the Managerial Accounting for Dummies book a great resource (you can find it free if you dig a little) and I also have had great luck with the Schaum's Outline books and they have one for Managerial Accounting.

If you DO like videos, I highly recommend Farhat's accounting videos. He helped me tremendously (first videos to ever do that!) in Intermediate Accounting. He has some playlists for managerial accounting (not the CCP ones) as well. I recommend checking those out.

What areas did you score lowest in your coaching report?

I found that the OA was harder than the PA. For example, in all my pre-assessments, I was scoring 100% on CVP but on the OA, I scored a meager 37.50% which means this was much more challenging on the OA than the PA. The questions were far more complex and involved.

Really know the segments dealing with overheard and how to calculate it based on various factors.

I also highly recommend the videos from the CMs that cover select chapters (1-5, 7, 8, 10, 11) as they cover the majority of the exam and all the major concepts.

The LearnSmart modules are really good at representing the spectrum of questions. I think the assessment actually matches LearnSmart modules better than the pre-assessment.

Let me know if you have other questions. I had no issues with this class and did enjoy it though Cost and Managerial Accounting was a different story! :)

u/jopejosh · 5 pointsr/FinancialPlanning

Deeply sorry for your loss. I received some advice as a young man about windfalls that I’ll share with you.

Forget about the money for a year. Open a separate bank account that you won’t see and live like it isn’t there. The lost income from investments for one year will be insignificant compared to the cost of a hurried misstep.

In a year with a clear head and a strong heart educate yourself about different investment philosophies and see which ones resonate with you. Investing is very personal and there isn’t one right answer.

There isn’t a right answer, but be wary of the salesmen. All the money / wealth managers are well compensated for their advice and there are many ways they hide their fees and take advantage of their clients (even fiduciaries). If you’re considering enlisting a professional, a robotic trader like https://www.wealthfront.com/ or https://intelligent.schwab.com/ will serve you just as well with lower fees. If you do decide to enlist an advisor to help formulate a financial plan for you, find a fee-based advisor who you can pay once every few years to update the plan.

Here are a few books that were helpful to me in developing my investment philosophy that allowed me to retire in my early thirties.

Bogleheads / Vanguard Index Funds
https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/1119404509

The Richest Man in Babylon (investing philosophy)
https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111

Dave Ramsey / Personal Finance
https://www.amazon.com/Total-Money-Makeover-Financial-Fitness/dp/159555078X

Tax-Free Wealth - Tom Wheelwright / How investments affect your taxes
https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058

Where are the Customer’s Yachts
https://www.amazon.com/Where-Are-Customers-Yachts-Street/dp/0471770892

u/Caseycrowe · 1 pointr/worldnews

Pretty much all businesses employ accountants. Bigger ones even more so. Some can get by with QuickBooks. (I work in IT and handle the small business sector, including accounting firms)

I didn't make the assertion, economists did. If you ran a business, you'd see all the times goods change hands throughout the supply chain and all the taxes and costs associated with it. I don't have the studies on me, but they're in The Fair Tax Book. There's also Answering the Critics.

Corporate taxes take away incentives to re-invest in business. The government is in the business of protecting its citizens and providing certain services. (Which services is not germane to the discussion) It's not in the business (or should not be) of picking winners and losers or encouraging or discouraging certain behaviors via the tax code. Let individuals and companies decide what to do with their money. Of course, if they were truly charitable, with a 0% corporate tax rate, they could donate even more money to charity without affecting the bottom line.

There's no disincentive to consumption. Prices would be about the same. Further, used goods are not taxed, so if anything, there would be an incentive for things to not be so disposable. But this taxes services, too.

If this would cause economic calamity, how can all the states I listed before do just fine? It's not like they don't have sales tax data and models for all the figures for these equations. It's not a leap in the dark. And all the wealthy that people think are dodging taxes wouldn't be able to avoid the Fair Tax. People that work under the table. Black market money. All taxed. And the repatriation of the trillions of dollars from the subject of the article could bring a flood of jobs to the market.

u/PutMyDickOnYourHead · 6 pointsr/business

Say no more, fam.

You don't need a degree to run a business. Having your own business allows you to experiment with these books first hand instead of taking some professor's word for it. Professor's usually just read what the book says. If they were actually good at running a business they'd probably be doing that.

u/slickcat · 1 pointr/UBreddit

Someone PM'ed me asking about how hard the tests are and I thought other people might be curious.. so I decided to post my reply here.

The tests are not really that difficult. It's just a way that the OCC ensures that applicants have a basic understanding of accounting principles, can write reasonably well, and summarize complex information.

The knowledge test is 75 multiple choice questions and you’re given 90 minutes. It focuses on fundamental accounting principles, financial statements (and ratios), and the time value of money. I stalked your reddit history and saw that you’re in the accounting program.. so I don’t think you will have any trouble. I would brush up on the topics listed in the link below. I torrented the Schaum's Outline of Financial Accounting to get a high level overview of accounting principles. I also think the sample questions on that page are a good representation of the actual test. If you still have your MGA201 book that would work too. I finished the test in a half hour or so. It tells you if you passed immediately, but it doesn’t tell you how many you got wrong. Many of the questions were incredibly simple. I remember being shocked when the question came up: is cash a current asset or liability? Like really OCC?

I thought the written test was even easier than the knowledge test. You are given ten documents and need to reach a conclusion about the bank and support it. The test is used to assess how well you can organize a lot of information and convey your ideas. It’s not used to assess your knowledge of banking or anything else. I thought the test was easy because they give you all of the information that you need. The documents have a lot of cross references, one of them will say something like see document six. You have to be able to follow the references, and pull information from the various documents to support your conclusion. I don’t think there is anything that you can really study for this test.

I would suggest that you book an appointment to take the tests as soon as you can. I applied on the second to last day of the hiring period, and had to go to Rochester to take the test. You should be able to get a location in Buffalo though.

http://www.occ.gov/about/who-we-are/careers/knowledge-test-entry-bank-examiner.html

http://www.amazon.com/Schaums-Outline-Financial-Accounting-Edition/dp/0071762507

u/KyaDash · 2 pointsr/crtgaming

Either an HDMI->VGA DAC or a DP->VGA DAC is what you'd be after.

The former are cheaper for the most part, but not really capable of more than 1080p60(and it's 4:3 equivalent) to 1200p60(more so it's 4:3 equivalent UXGA). You'd need to move to a displayport based offering such as certain offerings from Sunix or Delock to go higher than that. Admittedly, that monitor won't be able to max out the latter, but is in the weird middle ground of "capable of more than the HDMI adapters but not quite high end enough to heavily justify the DP options".

This is the HDMI->VGA I usually recommend; https://www.amazon.com/Portta-3-5mm-Audio-Converter-support/dp/B003O55U8K/

I like it specifically because of the option to use an external power supply, which will allow it to work with devices which might not supply enough power over HDMI to run it that way; Stuff like Raspberry Pi and such especially.

https://www.amazon.com/Tendak-Converter-Adapter-Portable-Connector/dp/B01B7CEOVK/

This is also another well recommended offering, especially if you don't need the external power option.

As for DP, this would be the go to for "I just need the higher spec'd DAC": https://www.ebay.com/itm/Delock-Adapter-DisplayPort-1-2-Stecker-VGA-Buchse-Adapter-Cable-Delock-NEU/133139481368

There are DisplayPort MST boxes that do more along with this, but if you just need something for your tube, it's not worth bothering with.

u/Chrisc46 · 4 pointsr/Libertarian

If you're at all willing to look into it. Please find a copy of The Fairtax Book. It's a very easy read, and may completely change your viewpoint.

The Fairtax has so many great effects beyond a change in the collection process of taxes. It makes it completely transparent and voluntary. The current Fairtax bill also makes it much more difficult to levy new taxes, but makes it easier to decrease them.

Please ask any questions about it. I personally think a change in tax policy can have the most positive benefit to our country of any issue we currently face. The Fairtax, in my mind, makes the most sense.

u/HappyTax · 1 pointr/cryptomining

Hi,
Crypto mining is taxes as self employment income if you are doing it individually and not through an entity (which isn't always recommended, only on case by case basis). Self employment income goes on a Schedule C. So you claim as revenue the amount the coins were worth at the time you mined them totaled up for the year. Then you can deduct as expenses anything directly related to that mining (the portion of electricity used, the space if it is exclusive, any educational or travel expenses pertaining to your mining operation and possibly some other items).

Note, then you have the coins that you mined and when you sell or trade them (or use them to buy goods or services) you will have a capital gain or loss based on the value of the coins at the time you mined them and the value at the time you did one of the above.

Let me know if you have any clarification questions.

Also, I've put my book,

Crypto Taxes Made Happy: The Definitive How-To Guide For Preparing Cryptocurrency Tax Returns In The United States

https://www.amazon.com/Crypto-Taxes-Made-Happy-How-ebook/dp/B07BPSK2VK/

on Amazon and gotten them to offer the digital version for free if anyone can use it for any assistance on items they are still unsure about.

My team is also available if anyone needs us as a service.

Under 20 days left in tax season! ;)

u/mahdi_raen · 2 pointsr/offbeat

It so rare to find someone on reddit who is open to at least learning about a new idea. :)

If you want to learn more you can check out the FairTax.org website. There was also a book and a follow-up book written about it. Finally, you can check out the actual text of the proposed House bill.

Is the plan perfect? Nope, but there are no perfect plans when people are involved. I just think its better what we have right now and its the best idea I've seen to replace the current system.

u/JamesWalsh88 · 1 pointr/worldnews

I see this argument regurgitated a lot about why consumption based taxes won't work.

A progressive consumption tax can work, however, and would have the added benefit of not penalizing people on savings and investment.

There is, of course, the inheritance issue, but I think that with the level of tax evasion already taking place with income based tax systems that we should start looking at a fairer, more effective method of taxation.

This book presents a system called the "x tax". Pretty interesting read.

https://www.amazon.com/Progressive-Consumption-Taxation-X-Tax-Revisited/dp/0844743941

u/dontspamjay · 1 pointr/politics

>But those are not solely the domain of a "Fair" Tax. Those things could be done in any system, so they're not an inherent advantage of the "Fair" Tax.

This is arguing for the sake of arguing. No other system proposes this. The FairTax is an actual bill introduced in congress. Part of it repeals these other taxes. The foundation of the bill is based on repealing these other taxes.

>Most drug dealers are not living the high life and getting rich. They're barely scraping by. Their rebate check from the government would probably outpace what they're paying in "Fair" Tax.

Cite your source and I'll address this.

>All of Europe also supplements their VAT with an income tax. By eliminating our income tax, we'd have to raise the VAT well above what Europe charges. The two situations are not identical and you know that.

You asserted that taxing tourists kills tourism. I proved you wrong with an example. Also, the FairTax isn't a VAT.

>And my point is that those lobbying activities are just as harmful to the integrity of our political system and they aren't addressed here. Arguing that a "Fair" Tax reduces lobbying is completely worthless as long as our politicians are still bought and paid for by a hundred other lobbying organizations that still have an interest in bribing officials. You're just shrugging and saying, "Well at least they're only getting bribed for favorable regulations now, instead of tax breaks." So what?

So we shouldn't reduce the means to bribe politicians in one way because we can't do it in every way?

>Which would still mean that the SSA would need to be larger than it is now, negating at least part of the savings you get from shutting down the IRS.

The IRS is HUGE and has way more responsibilities than just automating a bank draft. Again, you're just asserting that one would wipe out the other. Until you cite a source, I have no need to address your assertion.


It has become clear that you're engaging in partisan arguing. You're defending an imperfect system and attacking a new idea (very progressive of you). It isn't a Republican vs Democrat thing. I'd encourage you to read up on the FairTax to get a better idea of it. One of the books below is specifically written to address criticisms. From the opening it admits that it is not a perfect tax, but far superior to our current system. I'm not going to argue anymore because it's become clear that you're not even considering it, you're only acting to reinforce your existing opinions. It's healthy to question a new idea, but that's not what this is.

http://www.amazon.com/The-Fair-Tax-Book-Goodbye/dp/0060875496/ref=sr_1_1?ie=UTF8&qid=1347053051&sr=8-1&keywords=fair+tax

http://www.amazon.com/FairTax-The-Truth-Answering-Critics/dp/B0027CSNOO/ref=sr_1_2?ie=UTF8&qid=1347053051&sr=8-2&keywords=fair+tax

u/GoodKn1ght · 8 pointsr/gamedev

There was a book on amazon about inde game development taxes. I picked it up(it's free with kindle unlimited, 5 for kindle) meaning to read it but haven't gotten around to it.

It seems like a good read but ultimately I do agree with getting an accountant, one less thing you don't have to worry about.

u/shiner_man · 3 pointsr/Libertarian

mikerz85 gave a good overview but if you want to go more in depth, read The Fair Tax book. It's actually pretty interesting and it really shines a light on how out of control the US tax code has become.

u/libbycalnon · 1 pointr/wguaccounting

I finished C248 on 2/18/18. I scored a 92% on the final. I am very happy with my approach to this course. I worked extremely hard on it over the past month. I put in 30-40 hours each week - a total of 140 hours, roughly.

Approach

  • Read the book! I read all the assignments. I recommend getting a hard copy of the book for this class.

  • Take comprehensive notes, or use my notes, which are 106 pages long. Bonus information included in my notes: Critical learning objectives are highlighted, IFRS/GAAP differences & similarities are shown.

  • Participate in the cohorts or watch recorded ones. I enjoyed being able to interact with the instructor during the live sessions, although they moved a bit slowly for my tastes.

  • Watch the Farhat Videos, which are linked in my notes. I found these moved a little quicker than the cohorts and were good to listen to a second time, in the car while commuting.

  • Do all the Wiley practice quizzes.

  • Do Orion practice for each section. I aimed for 75-85% correct and kept working until I was scoring in that range.

  • I did three comprehensive note reviews - two before the PA, then a third one immediately before the OA.

  • I don't recall any PA questions being repeated on the OA, but some concepts were the same. Review your PA results and be sure you understand related subjects.

  • Many people have recommended the Schaum's Outlines for this course. It provides a condensed look at the material. I bought this but didn't use it as much because I didn't get it until partway through. I will use the Schaum's Outlines for IA2.
u/Neebat · 1 pointr/scifi

"prebate" is the most critical term you need to search. The prebate provides the infrastructure that you need for the Basic Human Income.

I could point you to fairtax.org, but I think the way they describe it is more confusing than anything. Honestly, I think this book is a lot better way to get to know it.

There is one good thing on the FairTax site. You can see the sponsors here which includes some democrats. It's a good plan.

The prebate is a stipend to make sure that poor people never end up poorer because of the consumption tax. The prebate is enough money to cover the full amount of the consumption tax based on the federally defined poverty-level income. The tax plan is simpler (which is the beauty of it) because it doesn't need to exempt food, medicine or anything else. The prebate covers it instead. (One of the problems with the FairTax website is the way they describe necessities as being tax-free. That's kind of true, but the individual taxpayer gets to decide what a "necessity" is. There are no exemptions, just the prebate.)

Of course, no one says you have to spend all the money that you make. If you're making $90k per year, but buying used goods (which were taxed once, and only once, when they were new), living simply and saving for retirement, you could also avoid paying the tax.

If you're making a million dollars per year, that's just going to be a meaningless bunch of zeros in your bank account unless you actually spend it. More likely, you'll be out buying nose jobs and new cars and paying the tax on every bit of it.

It's kind of a luxury tax, without being so narrowly defined. The FairTax replaces regressive taxes. (Taxes which are easy on the wealthy and easily manipulated by lobbyists to create loopholes.) Luxury taxes are progressive, (Heavier on the wealthy.) unlike other consumption taxes.

u/Muckminster · 1 pointr/tax

These aren't technical tax books, but if you're not planning on going into tax they're a lot more useful and interesting than reading something like The Logic of Subchapter K or something.

http://www.amazon.com/Good-Evil-Impact-Course-Civilization/dp/1568332351
http://www.amazon.com/Showdown-Gucci-Gulch-Alan-Murray/dp/0394758110/ref=sr_1_1?s=books&ie=UTF8&qid=1464585769&sr=1-1&keywords=gucci+gulch

u/AndrewZey · 1 pointr/personalfinance

Sure thing :). It took a while for the model to stick with Moneywell, so I'd HIGHLY recommend watching the tutorial videos: http://nothirst.com/tutorials/. It's quite different from Quicken/Mint/similar tracking tools.

Also, Quickbooks might not be necessary for your business, but if you can justify sitting down and learning it I would also recommend that. I personally feel better from the tidiness and having everything well accounted for with proper financial statements. I did take a number of accounting classes in college, so it only took me a few days to get up and running. If you're not very comfortable with accounting, I HIGHLY recommend reading this book (the cover looks bad, but the content is very good): The Accounting Game

PM away with specific questions.

u/_StupidSexyFlanders · 2 pointsr/realestateinvesting

If you're doing this get a good CPA who has real estate knowledge.

Morris Invest has an incredible podcast that covers all sorts of topics like this.

Also Tom Wheelwright who is featured on the podcast a lot has a great book on this called Tax Free Wealth.

u/sealite · 1 pointr/digitalnomad

Here's a great book on all things "taxes for expats": https://www.amazon.com/gp/product/B01N6PAE5Y/ref=kinw_myk_ro_title

If you go for it I'd also recommend hiring a tax agency that specializes in these kinds of unique expat situations. This one is good and reasonable priced: https://www.taxesforexpats.com/

u/racer--x · 2 pointsr/Libertarian

Eliminating all taxes or eliminating income tax?

Pretty good read on eliminating income tax and IRS.
http://www.amazon.com/The-Fair-Tax-Book-Goodbye/dp/0060875496

By eliminating the income tax code, prices fall on everything consumed (which has the cost of the tax code for producers built into it). You add a national sales tax of like 18% I think (around the amount prices would fall) and everyone gets most of their paycheck now, prices are the same, government is still funded, and no need for IRS or tax preparation, tax collections, etc.

Even covers the poor by giving everyone a prebate (a check to cover sales tax on "essentials") every year. Suggests that employees of the IRS could still be retained to implement this process.

tl:dr - by eliminating tax code and instituting national sales tax, you get rid of shelters, loopholes, special interests. prices stay the same, everyone receives a 'bump' in income by taking home nearly all of their pay and government is still funded.

u/rosecrayons · 1 pointr/Random_Acts_Of_Amazon

I need this book to help me be more confident in my job. Some days I feel like I don't know all of my job and this would help me understand more.

u/amazon-converter-bot · 1 pointr/FreeEBOOKS

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Beep bloop. I'm a bot to convert Amazon ebook links to local Amazon sites.
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u/greenlamp90 · 1 pointr/SecurityAnalysis

Hey, I just finished reading Financial Accounting by Robert Libby (http://www.amazon.com/gp/product/0078111021/ref=oh_aui_detailpage_o02_s00?ie=UTF8&psc=1) as my first Accounting textbook, and was wondering if you had another textbook like book to recommend I move on to next? I'll probably read Quality of Earnings in tandem, unless you feel I'd get more out of it when I have a better sense of Accounting in general.

u/cassander · 8 pointsr/NeutralPolitics

> Why is this deduction valid in the first place?

Because, tradition. And I mean that literally. the original income tax code made all interest spending deductible on the assumption that it was business spending, because there was very little personal credit in 1913. that broad exemption continued to exist until 1986, when the deduction was narrowed to mortgages as part of the immense balancing act that was the 1986 reform bill. Had they eliminated it, it would have been an immense tax hike on everyone who owned a home, and the bill had to meet all sorts of political hurdles to get passed.

u/JohnMartin53 · 1 pointr/tax

Sometimes people just don’t know the should file if they live abroad. The U.S. is one of only two countries in the world that taxes its people based on their citizenship, not on where they live or where their money comes from. If you make more than $10,350 per year (as of 2016) and are a U.S. Citizen, you still must file a return each year. Even if you can arrange things so that you legally owe nothing, you must still file.

If you’d like to know more, you can find the relevant book on Amazon: U.S. Taxes for Worldly Americans: The Traveling Expat's Guide to Living, Working, and Staying Tax Compliant Abroad https://www.amazon.com/U-S-Taxes-Worldly-Americans-Traveling-ebook/dp/B01N6PAE5Y/ref=sr_1_3?s=digital-text&ie=UTF8&qid=1487360085&sr=1-3&keywords=expat+tax. It explains how expats and most people who work overseas can legally lower their U.S. tax to $0 and keep their income and assets safe from the IRS.

u/Dri_Fit · 3 pointsr/tax

Some books I've enjoyed:

u/alohadave · 5 pointsr/boston

If you like that kind of thing, there is a book that details how the 1986 tax reform was passed, and how it mutated over time. It's fascinating how many people had their hands on it.

It's called Showdown at Gucci Gulch.

Showdown at Gucci Gulch https://www.amazon.com/dp/0394758110/ref=cm_sw_r_cp_awd_4pZxwb0ZEWDRX

u/strolls · 1 pointr/UKPersonalFinance

As others have said, you still have to fill in US tax returns.

I've just seen the book U.S. Taxes for Worldly Americans: The Traveling Expat's Guide to Living, Working, and Staying Tax Compliant Abroad mentioned on another sub - I have no idea how good it is, but it's free on Kindle right now. I assume this is a limited time offer.

u/Ivalance · 1 pointr/Accounting

Visit your local library and look for bookkeeping/accounting books not prescribed for college. They tend to be more concise and easier to understand if you're new to accounting. Something like this.

u/jprodfilm · 2 pointsr/gamedev

I think it's worth understanding your state's laws. Legal zoom costs some amount of money, and they'll keep costing you. I took the time to understand the laws for creating an LLC (1 day), and got it set up in another 1 day, and the cost was $150 total, just for the submission fee to my state. I just renewed it again a few months ago for $125. If you go with somebody like legal zoom, they're going to keep bleeding you when the renewing and whatnot comes around, and charge you another $500, and so on.

I found this book to be quite helpful regarding taxes in the US, though it's a little dated now

https://www.amazon.com/Definitive-Guide-Taxes-Indie-Developers-ebook/dp/B0197G82MK/ref=sr_1_10?ie=UTF8&qid=1524772796&sr=8-10&keywords=indie+game+business

It's interesting stuff anyway. You need to understand about how you'll pay taxes for the year on a quarterly basis and all that. Declare what your taxes will be for the year, and so on.

It's a bit rote, but if you are seriously considering launching a game and making money from it, ie forming your own business, you need to really understand what all there is to running a business. You can't just ignore it and stick to only doing the game stuff.

If you're not even thinking about releasing a game, you can't really be sued for anything, so don't worry about it

u/GooseSlayer · 1 pointr/explainlikeimfive

The best intro book I know of is only [$8 used on Amazon.]
(http://www.amazon.com/The-Accounting-Game-Basic-Lemonade/dp/1570713960)

u/JasonMckennan5425234 · 2 pointsr/investing

I like the Kieso books here

and Schaum's outline if you just need a quick review of the topic.

but yeah, I'd pass on the courera courses. Way too basic.

u/peegravy · 2 pointsr/Accounting

Accounting demystified by Jeffery Haber.

https://www.amazon.com/dp/0814407900/ref=cm_sw_r_cp_api_86yrybC5ZAZB5

It's a super quick read, and he teaches so well. Covers basic financial accounting.

u/Brodo00095 · 1 pointr/EnoughLibertarianSpam

That just seems a knee-jerk opinion on a hugely complicated economic question. There are proponents of a consumption tax from all ends of the political spectrum, with the X-tax being the most spelled out policy for the US. I'd prefer a consumption tax with a rebate/low UBI to make the tax a net progressive, but I find all of these policies intriguing enough to not toss them out immediately. Income taxes have a lot of issues that consumption taxes handle better, and vice versa.

u/ddb4 · 2 pointsr/happy

Hey! What's the main topic you're looking to learn about? If you want to know strictly personal finance, I would check out a beginners book on accounting. This will provide you with the knowledge to balance all your books and plan your taxes. I'd recommend this book:
https://www.amazon.com/Accounting-Made-Simple-Explained-Pages/dp/0981454224
If you want to learn about something more specific though just let me know!

u/GeneralRobert · 1 pointr/reddit.com

>“The Fair Tax.” What is this? It isn’t defined

It has been very well defined.

u/Autarch_Severian · 1 pointr/neoliberal

Haven't read it yet, but perhaps that issue is addressed here?

Bradford's original paper on the tax, highlighting many of the potential issues, can be found here.

u/SevenGlass · 1 pointr/Libertarian

It's been a long time since I read it, but this book breaks down the expected amount if you want the move to be revenue neutral. Their estimate may be a bit high now due to the recent income tax cuts but it should still be pretty close.

u/Wind_is_next · 1 pointr/explainlikeimfive

Plug for a "Fair Tax" solution.

https://www.amazon.com/Fair-Tax-Book-Saying-Goodbye/dp/0060875496


While not the best written book. It does get the idea across to people looking into the subject. If you want to dig deeper into it and see much more data, there are other books you can read.

Quick cover of the ideas inside.


  1. Eliminate the income tax and replace with a flat sales tax at roughly 26% at a federal level. While this seems like a lot, it might be on par of your total tax you currently pay when you consider how much you currently spend in your income taxes. If the government wants to raise taxes, the citizens would know exactly how it would impact them.


  2. Tax would be on everything, no exceptions. The idea is, once 1 thing gets an exception that opens the path for other things, and then we are back in the mess we currently have.


  3. No escape from the tax, unless you pay cash.


  4. IRS role would be to issue a tax refund check to every citizen in the US of roughly $2000 to help low income people pay their increased sales tax. IRS would also have the new roll of sending people out to find the cash under the table deals to avoid tax.

  5. Tourists would be helping to fund our tax base directly.


  6. Tax payers would save time and money not having to pay to file their taxes. (I currently pay $700 a year due to how complicated they are)


    I personally found the topic interesting. I've read a few more books on the subject and I think it has some merit. The current situation is obviously is ripe for fraud, errors, and it's rather burdensome.

    There are many other ideas out there to fix the US tax code. Some of them I really like. I might post more books later if you like.
u/mysoggyknee · 1 pointr/financialindependence

To really get a clear view of all the details give the fair tax book a shot

u/inspir0nd · 1 pointr/Entrepreneur

I'd highly recommend The Accounting Game

u/gordo_c_123 · 1 pointr/Accounting
u/xtapol · 1 pointr/startups

Ignore the peanut gallery - if you're reasonably smart and willing to put in a little effort, you can learn enough accounting to handle it yourself in a few weeks. I did, and a year later I met with an accountant just to go over what I had done. It took him only a few minutes to say "you've obviously got this - no need to pay me."

Double entry accounting isn't immediately obvious, but it's not that complicated either. Everything you need to know is in this book: http://www.amazon.com/Accounting-Made-Simple-Explained-Pages/dp/0981454224/ref=sr_1_1?ie=UTF8&qid=1375022942&sr=8-1

EDIT: I'm just talking about accounting here. There's other legal paperwork you'll need to handle too (board meeting minutes, Bylaws, etc). Also not hard to handle on your own, but for that stuff, this is the book you want: http://www.amazon.com/The-Corporate-Records-Handbook-Resolutions/dp/1413312039/ref=sr_1_1?ie=UTF8&qid=1375023321&sr=8-1

u/life180degrees · 1 pointr/Accounting

Thank you. Do you think that working from the Schaum's book will be sufficient? It's this one: https://www.amazon.com/Schaums-Outline-Principles-Accounting-Fifth/dp/0071635386

u/stemgang · 1 pointr/Economics

> abolish the IRS

I like the sound of that. I wonder when we'll pass the Fair Tax.

u/Fantasmorgasm · 3 pointsr/Entrepreneur

This one so you can actually learn how to keep track of your money. All the books I've seen listed here so far are just inspirational garbage, with little to no practical knowledge.

u/shauncorleone · 2 pointsr/GaryJohnson

Why does the person making $100,000 have to spend 80%? The FairTax plan encourages saving. It also only applies to new goods, so buying a pre-owned car, for instance, means you don't pay the FairTax on that purchase. The prebate system ensures that anyone including the poor shouldn't have to be paying any taxes, assuming they are spending within their means.

I strongly suggest anyone read The FairTax book. The chapter on the built-in tax costs on the products you buy (ever hear "businesses pass the costs on to the customer") is eye-opening.

u/mrhymer · 1 pointr/AskReddit

In 1910 Federal spending was 6% of GDP.

In 1913 we created the Federal Reserve and passed the 16th amendment.

In 2010 Federal spending is 46% of GDP.

If you are serious about averting dictatorship then we must end the Fed and repeal the 16th amendment

u/bomerr · 3 pointsr/crtgaming

I bought this for my Sony CPD-E540

https://www.ebay.com/itm/Delock-Adapter-DisplayPort-1-2-Stecker-VGA-Buchse-Adapter-Cable-Delock-NEU/133139481368?hash=item1effbb4318:g:BR8AAOSwQOxdT6cJ

But at less than 100 kHz, you might just be able to use an cheap HDMI or DP to VGA adapter from Amazon. You'll get a green outline if the refresh rate exceeds the adapter.

People also say you can get an RTX card and use USB-C to VGA adapter which apparently handle very high refresh rates.

u/olwagner · 1 pointr/windsorontario

Shameless self-promotion (my apologies). If you want to self-prepare and have a spare $0.75, you can check out my book at https://www.amazon.com/U-S-Taxes-Worldly-Americans-Traveling-ebook/dp/B01N6PAE5Y/

Thank you

u/Yankee_Fever · 1 pointr/AdviceAnimals

Here you go dude. Read this http://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058 . There are plenty of reasons why people dont pay as much taxes. They invest the way the government wants them too. They provide jobs ect.

u/Ssquach66 · 2 pointsr/Accounting

I haven't had a chance to look through it yet but I found this a couple weeks ago when I was looking for review material. They have several books that cover the full range of accounting and they're affordable.

http://www.amazon.com/gp/aw/d/0071762507?pc_redir=1408428804&robot_redir=1

u/Theshag0 · 8 pointsr/politics

86 was tax reform, not tax cuts. It was a response to the crazy tax loopholes that existed at the time allowing for the rich to avoid paying taxes through really crazy investment vehicles. There was a huge public outcry about the unfairness in the code, not just the rate. That's why it was revenue neutral, they actually closed loopholes instead of making new ones.

For a really gripping account of the passage of that bill, have a look at the showdown at guchi gulch.
https://www.amazon.com/Showdown-Gucci-Gulch-Lawmakers-Lobbyists/dp/0394758110

u/th35t16 · -1 pointsr/IAmA

Read up on the FairTax. It's a proposal to eliminate the current mess of regulations and replace them with a national sales tax. It addresses the issue of regressive taxation by proposing a "pro-bate" - a payment to each household for the tax they will pay in the next month for spending up to the poverty line. Then, you essentially only get taxed for "excess" spending, which rich people do a lot more of than poor people. Check it out.

u/r4d4r_3n5 · 1 pointr/politics

> Your attempt at an ad hominem attack on my bravery is duly noted.

My comment regarding your willingness to consider presented evidence isn't part of my argument for the FairTax. It was an observation on your unwillingness to participate in good-faith conversation by availing yourself of presented information.

> As I mentioned elsewhere, with this 'prebate' we'd still have conservatives arguing what costs are basic, and what are not.

No, it's spelled out in the plan. I haven't read the newer critic rebuttal book yet.

> In the end, the fair tax would hurt the poor more than the rich.

I presented evidence that it wouldn't; where's your evidence? Regardless, I will concede this: it's hard to imagine a new, more equitable, tax program that wouldn't tax lower-income people more.

Also from Walter Williams:
> Aside from the fairness issue, 47 percent of taxpayers having no federal income tax liability is dangerous for our nation. These people become natural constituents for big-spending, budget-wrecking, debt-creating politicians. After all, if you have no income tax liability, what do you care about either raising or lowering taxes? That might explain why the so-called Bush tax cuts were not more popular. If you’re not paying income taxes, why should you be happy about an income tax cut? Instead, you might view tax cuts as a threat to various handout programs that nearly 50 percent of Americans enjoy.

u/IncredibleBeanCounte · 2 pointsr/TumblrInAction

You misinterpreted my remark. I did not ignore your source, but I admittedly did not read it in its entirety, not did I read each citation in the document. I will edit this past to include a list of useful books when I return home.

Edit: The reason why commercial banks create the illusion of an inflated monetary supply is that certain low-risk investments (demand deposits, treasury bills, and commercial paper to name a few) are grouped as cash on financial statements. Thus, if you were to add up all of the "cash" recorded in every company and individual's "balance sheet," you would find that the total exceeds that of the total monetary supply. The reason for this is that all of these assets share the same characteristics. They are highly liquid, and fungible. Distinguishing these assets from cash is immaterial in every way; it would provide no additional useful information to stakeholders, and would be costly to report. For more information on these accounting principles, consult Financial Accounting.

Commercial banks (which I will later distinguish from Investment banks) have a very well defined business model. Through a combination of equity and semi-permanent liability funding, they make loans with varying degrees of risk (E.G. car loans and mortgages). Deposits in these types of institutions can be revoked at any time, thus the name demand deposit, the deposit will be refunded on demand. These are the types of banks you are talking about. This type of financing is substantially similar to financing options available to corporations, especially commercial paper. For more information on Corporate Finance, consult Ross. For more information on treasury management, consult Bragg.

I get where you are coming from. A lot of people want to blame banks for the recent recession. I think there is an argument to be made that investment banks inadequately estimated and reported risks in certain investments. But it is important to distinguish commercial banks from investment banks. Commercial banks take deposits from customers, and provide low risk loans to generate revenue. Depositors have very little control over the investments involved, and commercial banks are required to maintain accounts at the federal reserve, and maintain a reserve of cash to refund deposits. Depositor's accounts are insured by the FDIC (in the States). These accounts are reported as cash. Investment banks take deposits from customers, and invest in a variety of financial instruments. Often, depositors maintain control over the investments made in their accounts. Investors bear the liability for any losses on their accounts, and earn any income generated by the financial instruments. Investors are not guaranteed by the FDIC. These accounts are reported as investments, not cash.

Neither of these types of accounts pull money out of the air, or generate something for nothing. Again, I think there is an argument to be made that investment bankers have, in the past, poorly reported risk exposure. There is also an argument to be made that moral hazard became involved through government institutions such as Freddie Mac and Fannie Mae. There is not, however, room to argue that banks are some sort of magical institutions which have any special powers that you or I do not. If you want to argue that banks are bad, blame investment banks for inadequate risk disclosure. Blaming commercial banks for the recent recession is a bit like blaming Netflix for the collapse of Enron.