(PRWEB) December 25, 2013
A new tool has recently been added to the ACalculator.com’s list of financial calculators. The website that is known for providing free to use financial tools and resources has included the newly added Like-Kind-Exchange calculator under their business tools category. The calculator is created to help users measure the loss or gain associated with a like-kind exchange.
Explaining why the like-kind exchange calculator is placed under the business related category, the spokesperson for the acalculator.com said, “Although the like-kind exchange was introduced to benefit family farmers and relieve them of capital taxes on exchange of livestock or farming properties, it is now greatly used by the business. It allows them to get rid of a property without being taxed on it. IRS recognizes no loss or gain on the exchange but owners must now how much gain or loss they will incur.”
The calculator is designed to be extremely simple to use. A feature, the spokesperson describes to have been added in order to make the tool user –friendly even for farmers and people who lack technical understanding. The calculator requires simple information related to the like-kind property received and the like-kind property given up in the transaction. Users will also be required to input the simple adjustment values.
According to the spokesperson, the calculator was added after the financial experts for the website indicated an upward trend in like-wise exchanges. However, the spokesperson also stressed the importance of learning the pros and cons before choosing the option. “Tax-deferred transaction may sound interesting but it is not always profitable. If you wish to perform and exchange, you must first learn about the risks and limitations as well,” he added.
On that note, the spokesperson also stated that financial experts plan to add more relevant and valuable information through the website’s blog. The regularly updated blog section is a place where experts regularly share up to date and current information and tips to help people fight off their financial problems by making a calculated decision.
Highlighting the importance of using tools and calculators, the spokesperson also encouraged businesses to make use of other helpful tools including the breakeven analysis, Inventory analysis and financial ratios calculators.
Including the newly added calculators, the website now features more than three hundred tools divided among various categories. All of the tools are completely free of use. To learn more about using these tools on your website, please visit http://www.acalculator.com .
Acalculator.com is a leading financial help website that offers budgeting and financial calculation tools for free. The website currently features 300 different calculators ranging from mortgage calculators to long term care calculators. The website caters to users from the USA, Canada and Australia by providing them essential tools to help them plan their financial future. To contact them, please use the following details:
Contact Number: (800) 333-0888