Spending Smart by Maximizing Technological Investments

Technological investments are a part of business. Your business can spend $1 million to invest in new technology and equipment, but how will these technologies transition to profit? That’s the question.

Technology investments analysis

Increased investment doesn’t necessarily mean improved financials.

And small businesses need to know how to maximize these investments, or maybe they shouldn’t invest in certain technologies too early. Oftentimes, a small business will make an investment that keeps them cash-strapped and not able to recoup their money fast enough.

Missed opportunities can be a result of these decisions, which leads to lost financial gain.

Business Case Analysis

Subjectivity in an investment can be offset by business case analysis.…

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Trading 101: What is Margin Call Trading?

If you are buying shares on margin, you should maintain the minimum balance in your account as stipulated by the broker. The margin balance should be maintained so that you will be eligible for margin purchase. If you fail to maintain the margin money in your account, you will get a margin call.

Trader is doing margin trading

The margin call will be made by the broker to request you to deposit more money in your account so that you will not be penalized. If you fail to manage sufficient money in your account as per the margin call definition, you should want to sell equities to manage sufficient balance.…

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Is Cash really Dead? 4 Reasons Why You Should Avoid Using It

Plastic have become so much the in thing when it comes to financial transaction that cash might as well be dead. Well, maybe not. But while there may be some benefits in using cash for your purchases and everyday transactions, they are even more benefits to using credit cards.

Using a credit card

If you can use plastics responsibly, you find that you are better off doing your payments with a credit card than with cash. Let us examine why the credit card comes out on top and why you should minimize your use of cash.

Credit Card builds up your credit rating

When you charge your expenses to your credit cards and promptly pay them up every month, you are building up a very strong credit score.…

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Q&A with James Turner, the Managing Director of Turnerlittle.com, on American Adults’ Attitude Toward Cryptocurrencies

Cryptocurrencies’ popularity blasts through the roof.  In fact, the search term “buy bitcoin” is being used more than “buy gold” – an indicator of people’s behavior toward buying/selling or investing in cryptocurrencies, specifically bitcoin.

Bitcoin (illustration)

So, it’s safe to say that bitcoin and cryptocurrencies are supported by many, right? Well, not necessarily.

A recent survey conducted by YouGov on more than 1,000 American adults interestingly reveals that their attitude toward cryptocurrencies isn’t all that positive.

In this session of Q&A, we talk with James Turner, the Managing Director of Turnerlittle.com, discussing the findings from the YouGov survey, as well as offering his insight on what’s the future hold for everything related to bitcoin and cryptocurrencies. …

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How Virtual Offices Can Help You Win the Cost Cutting Game

A virtual office offers benefits to businesses of all sizes, including small startups and large corporations looking to expand operations into new areas. The fact is that in the era of digital, there’s no reason to rent, furnish and maintain an expensive office location, when a virtual office offers all the advantages at a fraction of the cost.

Virtual office

A virtual office gives you a professional address to put on your business card; a place to receive mail, faxes, and even receive visitors; and a facility that’s open for you, your colleagues, and clients to conduct meetings in at your convenience.

Other advantages like virtual answering service and access to virtual assistants for pressing projects means you can, for instance, work in rural Thailand while maintaining your business’s headquarters on Bay Street in Toronto, or Silicon Valley in San Francisco.…

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6th Tax Compliance for Financial Institutions

From 7th to 9th November, Hermes bank representatives reaffirmed their commitment to regulatory transparency by turning their attention to adopting CRS updates and sustaining FATCA compliance.

Tax compliance for financial institutions

The 6th Annual Tax Compliance conference held at Times Square, New York brought together a global pool of acclaimed professionals in their field. In attendance, the bank benefited from the experience of industry experts from international players such as BNP Paribas, JPMorgan Chase, BNY Mellon, Deutsche Bank, Goldman Sachs, Citi, Thomson Reuters and others as well as the Internal Revenue Services (IRS).

In preparation for the inaugural year of country by country reporting the bank continues to examine FATCA and CRS requirements from various perspectives to mitigate risk and adopt industry best practices.…

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Why It is Dangerous to Keep Extending Debt Collection Time Frames

In the movies, debt collectors are thuggish, scary-looking individuals who hound consumers and threaten them with shame and physical harm. In the real world, unless of course, you borrowed from the mob, your debt collector is more likely to be a polite, well-dressed professional who will talk to you nicely with a sprinkling of legalese.

Debt collection

As a debt collector, the first thing you should do when you contact a debtor is to tell them what their rights are. Let them know that they can legally challenge their debt so that they don’t feel bullied or trapped. Then inform, clearly, of how much they owe, who they owe it to, and when the debt is due.…

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Should You Use a Third-Party Accountant or Bring Someone In-House?

Unless you as the owner of your business happen to have a masters in accounting, chances are that right from the start you’ve been using a third party accountant to keep track of your books, do your taxes, ensure you can survive an audit, and make recommendations on how you manage money within your business.

Accountants discussing business finances

However, if your business has seen some recent expansion and your accounting needs have become more complicated, you may be considering whether or not this arrangement is still best for your business.

Should you stay with your current small business accountant and up your demand for their time, hire an accounting firm with more capacity, or hire a full or part time in-house accounting expert?…

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Bad Credit Business Loans: 8 Warning Signs a Lender isn’t Right for You

Sometimes a business can just spiral out of control financially, despite all the owner’s best initial efforts. This is reality, as markets can dry up, or unexpected expenses hit and compound one after the other. Growth problems are another big reason for a business to become cash strapped — from buying property and equipment in anticipation of expansion that never takes place — to being over-run with expensive inventory you can’t sell.

Bad credit business loans - in AUD

Regardless your individual reasons, you now find yourself faced with a bad or poor credit rating and an uncertain financial future for your company, which you’re sure can be fixed with a bad credit loan.…

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An Overseas Money Transfer Guide for Small Businesses

A plethora of small businesses the world over have used the Internet to good effect, by reaching out to customers from different parts of the world. While the growth is welcome, the process of selling services or products internationally comes with its share of challenges.

International money transfer

A commonly faced problem is that of having to deal with poor exchange rates and paying steep currency exchange fees. Fortunately, the online world comes to the rescue again, giving small businesses various options from which to choose.

Several international money transfer companies have come up in the last two decades, mainly because of Internet-based advances.…

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