Monday, 6th February 2012.

Does Your Small Business Need an Accountant?

Posted on Saturday, 11th September 2010 by Vanessa Miller

As a small business owner, keeping overhead costs to a minimum may be top priority. So, when it comes to accounting issues, it may be tempting to tackle the job on your own rather then spending precious capital on hiring a professional accountant to do the job.

 

But is this really a wise move or could you possibly end up losing more than you gain?

The following are some questions that small business owners should ask themselves to determine if they should hire an accountant:

  • Are you really saving money by doing your own bookkeeping?

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Tags: Business, Small Business
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Did You Know You Can Get Cash Back When You Buy Custer SD real estate

Posted on Friday, 10th September 2010 by Emily Smith

While purchasing Custer South Dakota real estate can be a huge investment, it can also be a means to save money. Programs offering cash back on real estate have grown to be tremendously popular and are accessible to nearly all people, no matter whether they are purchasing a home by themselves or via a real estate agent, and despite whether this is their primary residence or a commercial property.

Step 1:Get money back when working with a real estate agent if you seek out and discover your own Custer South Dakota real estate but use a real estate agent to finish the deal. According to real estate professionals, you are entitled to a percentage back at closing time because you did the groundwork. Do bear in mind that the largest part real estate agents will not offer you a cash back reward unless you ask for it, so be certain everything is decided in advance.

Step 2:Employ a company that offers cash back on real estate upon closing the agreement. There are many certified companies that offer rebates.

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Tags: Cash Back, Estate, Real Estate
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How to Detect Theft in Small Business Accounts Payable

Posted on Wednesday, 8th September 2010 by Vanessa Miller

When times are tough, people can get disparate…. As the economy huffs and puffs along, it has left in its wake a surge in business theft, and this trend has had a disproportionate impact on smaller businesses. According to the Association of Certified Fraud Examiners (ACFE), employee theft at businesses with less than 100 employees cause an average loss of $200,000; that’s $57,000 more than the average loss of bigger businesses.

 

A while back I did a series on employee theft in general- what the effect is, how to spot it, and how it can be prevented within a small business. Recently, much attention has been given to the rise in reported incidents of accounts payables fraud within smaller businesses; so I thought it would be a good idea to cull a few tips on how to spot this kind of fraudulent activity based on the advice of ACFE and experienced auditing companies.

Here are a few telltale signs to look out for:

  1. Duplicate or similar payments.

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Tags: Business, Business Accounts
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Buying a Home in a Down Economy: Things You Need to Know

Posted on Wednesday, 8th September 2010 by Emily Smith

Buying a home is a major investment and one that should not be taken lightly. Simply looking at local property values, starting to feel the desire to own, and having adequate income may seem like the only requisites to making the decision to buy. However, if you base your decision to buy a home solely on those factors, you could be cutting yourself short at best – at worst exposing yourself to serious financial risk. This is especially true when property values are down or deflated, such as now.

If you are plan to buy a home soon, you should know that buying a home in a down economy has its benefits and drawbacks; weigh them carefully before making a decision:

1. Property values will likely fall again, soon: If your decision to buy is spurred by the recent leveling of property prices, think again. Housing prices will likely be falling even further in the months to come. According to Glenn Kelman, chief executive of the Redfin Corporation, a real estate brokerage located in Seattle: “Things aren’t going to get better any time soon… Until recently, the sellers were looking at data from April, when there seemed to be a recovery in the works. The buy

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Tags: Home, Home Economy
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Your Circumstances Determines if Debt Settlement is Correct for You

Posted on Monday, 6th September 2010 by Emily Smith

Debt settlement and consumer credit counseling Services are services with the same goal but apply to different circumstances and goals. Once fully aware of one’s circumstances the choice between the two becomes clear. When you want to select the option to Get Debt Free, you need to explore your options.

Consumer Credit Counseling (CCC) is primarily for those seeking economic convenience. Consumer credit counseling services simply reduces interest rates on open credit cards that are not more than a only some months late. It does not save a customer any money whatsoever on principal. The program is approved and structured directly by the client’s creditors. As such the new pay schedule set up under CCC most often does not drop one’s monthly payments and can even lift them. As a result one with a real hardship does not truly benefit from CCC as the month-to-month savings that are needed by such a person are not typically realized. The benefits of enrolling in Consumer credit counseling services are to cut down the total payoff time for the debts, to get all debts into one monthly payment, and (arguably also a profit) to prevent one from using credit cards further or opening new ones while in the plan. As su

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Tags: Debt Settlement, Settlement
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Crack down on bad debt

Posted on Friday, 3rd September 2010 by Vanessa Miller

Late payment is the scourge of many small businesses, a hindrance that can put paid to efficient cash flow and pressurise relationships with suppliers. With talk of a double dip recession still being bandied around, the last thing you want to be worrying about is the possibility of that troublesome invoice being delayed any longer.

Worryingly, research suggests that the fear of losing business is stopping many SMEs from chasing bad debt, with 74 per cent of small businesses stating that they are likely to accept late payment excuses. If firms knew about the alternative to rolling over, and I imagine many don’t, they might be offered some assurance. Compensation can be claimed for any invoice that is not paid within the credit period, amounting to £40 for debts of under £1,000, £70 for debts between £1,000 and £10,000, and £100 if the amount owed is £10,000 or more.

If these numbers sound paltry to you, you can claim more in the form of late payment interest, which is 8 per cent above the Bank of England base rate. Technica

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