Duty vs Tax Any government has many responsibilities to fulfil for the development of the country and its people. For this it needs resources and these resources come from various sources such as taxes and duties. Thus duty and tax are two important sources of revenue for the government. Both tax and duty are not […]
Difference Between IRR and NPV
IRR vs NPV When the exercise of capital budgeting is undertaken to calculate the cost of a project and its estimated returns, two tool are most commonly used. These are Net Present Value (NPV) and Internal Rate of Return (IRR). When evaluating a project, it is generally assumed that higher the value of these two […]
Difference Between Insurance agent and Broker
Insurance agent vs Broker Insurance is a subject matter of solicitation. If you are looking for an insurance policy for your business, you need right advice and information. Normally this responsibility is fulfilled by a person who is either an insurance agent or a broker. You are not concerned with the terminology as long as […]
Difference Between Franchising and Licensing
Franchising vs Licensing It is really a great feeling to be changing over from an employee to an owner. But if you are starting a small business that is dependent upon selling products of a big company, there are two ways you can do it. Either you get a license to sell the products or […]
Difference Between Bankruptcy and Insolvency
Bankruptcy vs Insolvency Insolvency and bankruptcy are two dread words for any person or business. These are often baffling for a common man as he fails to differentiate between the two. The two terms are often used interchangeably but there are differences between the two. A business is said to be insolvent when the net […]
Difference Between RSP and RRSP
RSP vs RRSP In Canada, like other countries, there are many saving plans intended for retirement. Retirement Savings Plan (RSP) and Registered Retirement Savings Plan (RRSP) are two of the popular saving accounts that are very popular among the citizens to save for their future as these have obvious tax benefits. The annual contribution to […]
Difference Between RSP and GIC
RSP vs GIC RSP and GIC are both instruments for saving in Canada. Saving is always good for your future and there are many saving plans. RSP is intended to be of help especially after retirement whereas GIC can be used for requirements of money in the near future and it is not generally meant […]
Difference Between IRA and CD
IRA vs CD There are many saving plans when it comes to retirement. IRA and CD are two very popular plans to save money for the future. Both the plans envisage putting tax free money into savings account which grows till retirement and taxes are applied when the distribution begins. Individual Retirement Account or the […]
Difference Between Corporation and Incorporation
Corporation vs Incorporation Incorporation is the forming of a new corporation. A corporation on the other hand is a formal business association with a publicly registered charter recognizing it as a separate legal entity. The corporation may be a non-profit organization, a business, sports club, or a government of a new city or town. It […]
Difference Between 403b and 457
403b vs 457 There are many retirement plans in U.S., and while majority of the population is aware of 401k, there are also 403b and 457, which are similar to 401k. While 401k is available to all private sector employees, 403b is available to non profit employees, and 457 is applicable to government employees. There […]