What is an accountant and how is it Different than an auditor What does a bookkeeper do? How Much Does An Accountant Earn Entry Level Accounting Salary

Why Your Small Business Needs A Blog Right Away

Posted on: Mar 25, 2015  By: admin  In Business  With: No Comments »
Why Your Small Business Needs A Blog Right Away

Today’s digital world has revolutionized the way we do business. Whereas once upon a time you could only get word out by way of print or word of mouth, now you can engage people across the globe without so much as one sheet of paper. Instead of asking you for a flier about your business, now people will ask you if your enterprise has a website. This is for good reason: with the technology we have access to, we can surf the web anytime and anyplace.

Being a part of this trend can help any entrepreneur expand their customer base on levels we wouldn’t have imagined even a decade ago. But there is one particular aspect of this that is still highly underestimated. Terms such as SEO, content and online traffic are big buzzwords – but one element that doesn’t always get its due is the blog.

Many small businesses have websites, but do not see the merits of their site having a regular blog. This can cost them even more than they think. If you are an entrepreneur looking to draw more traffic – and business – then consider these reasons for why your small business needs a blog, pronto.

• It will tell your customers that you are there. A simple website that gives visitors info is little more than a brochure. If it goes unchanged for a long period of time, it can make visitors think that your company doesn’t do much. A running blog will show customers that yes, someone is there and they are active. Which would you be more interested in: a website that hadn’t been changed since six months ago, or one with a blog that gets updated at least weekly?

• It lets you connect to customers. One reason people read blogs is because it allows them to learn more about your business. Not just what you do, but who you are and why you do what you do. It shows readers that you are not just a company – you are a real person or group of real people that they can get to know.

• It can set you up as an expert in your field. A well-written blog can set you head and shoulders above the competition. Publishing content that your readers can benefit from will help them see you as someone they can trust, and put you in their minds as the go-to solution for their needs. You can really encourage this by listening to and responding to readers’ comments on your blog, showing them that you are serious about their needs.

• It can help get you seen. Blogging is a powerful way for your small business website to optimize its search rankings on the Internet. Search engines are drawn to new content, which means that a regularly maintained blog will help you get found on the web. Also, people love to share what they’re into – and social media is perfect for that,. Give your readers material to tell friends about, and they will tell all of their friends and followers – in effect bringing you more business.

If you’re serious about improving your small business‘ online presence, then a blog is the perfect starting point.

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Do Airline Credit Cards Bring You Real Benefits?

Posted on: Jan 27, 2015  By: admin  In Credit  With: No Comments »
Do Airline Credit Cards Bring You Real Benefits?

Affinity credit cards are cards tied-up to a certain organization. For airline companies, they’re a big money-maker. Sometimes even if you don’t really need another credit card, these ones have such strong and appealing come-ons and sign-up offers, they’re hard to say no to.

What Really Is An Airline Credit Card?

If you’re not too familiar with an airline credit card, it’s somewhat similar to a cash back credit card, except that you don’t earn cash every time you spend. Instead you earn points that are convertible to miles. Once you’ve gathered enough miles, you can use these in exchange for free travel anywhere in the world.

The most popular and well-known airline reward scheme was Airmiles from British Airways. Sometime in 2011, this changed to Avios, which is still generally the same. Other airline credit cards are Easyjet, Flybe, Ryanair and Virgin. As you spend, these cards allow you to gather more miles. The reward schemes and values may vary from card to card but you can more or less expect to spend something like five to six thousand pounds to get a free flight to Paris.

Choose a Good, Practical Airline Credit Card

If you have this under consideration, be smart when choosing from any of the airline credit cards. Take a close look at the bonuses being offered. Consider how often you use the airline and consider as well the other airlines and businesses they’re working and associated with.

Be aware that many of these cards waive their annual fee for the first year and that using it makes it easy for you to keep your earned miles active. You should also know that some airlines may have some minor additional fees when you redeem your points so that the free ticket may cost you more than what you had planned for. On top of all these, of course, make sure you can afford another credit card. You wouldn’t want to unnecessarily create any bad loans.

What Are the Advantages of An Airline Credit Card?

If you spend frequently using your airline credit card, you get to accumulate enough miles for a free flight faster and easily. If you’re a businessman who does a lot of traveling, this could save you a lot of flying costs. Sometimes several of these cards would even offer some extra benefits and bonuses in their promotions. Watch out for them and take full advantage.


Many of these airline credit cards have an annual fee of 150 pounds. These may be worth it only if the range of rewards are particularly attractive.

Do some pencil pushing and some personal budget computations. Make sure you can afford to pay off the balance in full each month. No point in having your account labeled as a bad loan by these airlines.

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Technology for Your Small Business

Posted on: Jan 22, 2015  By: admin  In Business  With: No Comments »
Technology for Your Small Business

Running a small business has never been easy. However, technology today is making the job as straightforward as possible for both the owner as well as the customer. From virtual assistants, to QuickBooks, to credit card machines, all these are available at a business owner’s beck and call. It seems like there are more options being added every day. Since there is so much to catch up with, you may have not heard of a few recent software and app capabilities. There are several examples of options on the market designed to make your life less complicated.

1. Google Voice

As a business, your customers want to keep in contact with you. One of the easiest ways to do that is through the telephone or computer. Google Voice will help you organize and keep track of everything you need. It has voicemail capability, text message storage, and can archive emails. It can also be used as an answering service with a customization feature. Perhaps the best part of this service is that it’s free. If you want to learn more about it, this article will tell you more about the basics.

2. Google Adwords

This option is available to you if you have a website. One way that the search engines rank website listings is through keywords. Google Adwords helps you keep track of your keywords and see which ones are working better for your website. You can even pay to have your ads placed at the top of searches. It helps you connect to what exactly your customers are searching for.

3. SMS Spy Software

This is something that you may not be familiar with. If you happen to have an employee who is misusing company time, you now have the capability to spy on his computer whereabouts. For a small cost, you can read everything on a device being used without the actual user being aware of what’s going on. Of course you should take this option very seriously and be aware if you’re crossing any moral boundaries. But it is an excellent resource to make sure that all employees are staying on task. There are several different software brands out there, so this should help guide you on which one is best for you.

These are just a few small samples of the options available to you. While it is important to be aware of all the new technology coming out designed to keep your life simple, it’s also crucial that you stay as organized and together as possible for your customer’s sake as well as your own. However, if you are interested in getting more up-to-date software for your company, you can head here for more information.

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Five Very Good Reasons You Should Become An Entrepreneur

Posted on: Jan 22, 2015  By: admin  In Entrepreneur  With: No Comments »
Five Very Good Reasons You Should Become An Entrepreneur

You have a job, likely one that you feel okay with. You’ve worked at this particular job for a few months, maybe a year, maybe even more than that. You’ve been pulling in enough dough to cover the rent and bills and everything else, maybe even a bit to cover some more stuff. You get plenty of hours, gotten a decent bit of seniority, and got a rep as a reliable employee.

But this isn’t the best you can do.

The work market, as you may know, has been going through some major changes and is continuing to evolve. There is a rising number of people who have transitioned away from the conventional workplace to become entrepreneurs working from home. And this is a phenomenon that you may want to seriously consider for yourself. Why? Well, here are five very good reasons you should become an entrepreneur.

1. Job security is a thing of the past. In years past, it was the norm to expect to have a job that you would work regularly and be able to keep for years or even decades. That era is long past. It is easy to become another statistic in the job loss category, having been terminated for numerous reasons – many of which you have no say in. Because of this, people are creating their own form of job security by creating and taking advantage of their own opportunities.

2. Workers are getting less out of their jobs – and not just emotionally. In many positions of employment, benefits are rapidly shrinking if not disappearing altogether. Even the pay and hours that many longtime employees once received are being reduced.

3. More opportunities are becoming available for remote work. Technology is making it easier to communicate, share and interact with others from almost anywhere in the world. Thanks to this, it is becoming more common for people to work with each other by way of virtual offices instead of physical ones. This is an attractive option as it eliminates a lot of the overhead costs associated with having a physical location.

4. Individuals with unique circumstances have better chances to find work. Traditional jobs are difficult for people who deal with issues such as disabilities, physical conditions or other limiting situations. Becoming a remote-working entrepreneur makes it easier for people to support themselves in contrast to typical jobs they would have trouble being able to get or maintain.

5. It will help you achieve your goals. As cliche as it may seem, having an enterprise of your own can give you freedom to pursue goals that you may have had for a long time. Jobs usually limit your time by requiring you to follow a certain timetable – often limiting the time you have to pursue your own interests. This is especially true for workers with families. Having a business of your own allows you to focus on your life, your goals and your future.

Going into business for yourself can be a tough road, but the benefits and rewards can far outweigh the costs. If you’re curious as to how and where to start, there are plenty of opportunities for entrepreneurship available for you to take advantage of.

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Debit Card vs. Credit Card: Which Is Right For You?

Posted on: Jan 22, 2015  By: admin  In Debit Card vs. Credit Card  With: No Comments »
Debit Card vs. Credit Card: Which Is Right For You?

What’s the difference between a debit card and a credit card? This is a common question asked by most. Some view both cards as equal in terms of the amount of benefits they bring, but both cards have completely different functionality. Here are the best arguments which should help you select the card best suited for your needs.

People using debit cards are less likely to fall into great debt. Why so? Well, this is because debit cards can only function when you have money in your bank account. This means that whenever a payment is made using a debit card, money is deducted immediately. In contrast, credit cards allow you credit limits. When you use a credit card, the issuer of the card provides the money needed for the transaction. The amount of money the credit card “pays for” is the debt. Oftentimes the credit limit is beyond what a person can afford and this is what leads to increasing debt.

Next, credit cards involve monthly bills while debit cards don’t. The issuer of your credit card will accumulate the amount spent and send you the bill every month. Contrary to popular belief, you will not be charged an interest rate if you pay it off on time. This means settling the full amount of your bill every month. Hence, it is advisable to keep track of your spending throughout the month for two reasons: 1) To be sure that you are charged for only what you spend on and 2) To prevent yourself from spending more than what you can pay off.

Both the credit and debit cards share one negative aspect and that is security. Credit cards, especially in the US, are not very secure due to the fact that many still use dated card security technology. Debit cards require a PIN number/code to be entered upon usage and this is a good form of security as long as no one gets hold of your PIN number and card. If that information is stolen, debit cards are very insecure.

In terms of fraud liability, credit cards take the trophy. Consumers are not held responsible for the low security level of credit cards and therefore are rarely held liable for fraudulent activity. Even if a consumer is held responsible, the maximum amount that he or she can be held liable for is $50. On the other hand, debit card users are at risk of fully bearing the cost of any fraudulent activity.  If your card is stolen and a purchase is made with it, that money is immediately removed from your bank account. Investigating this damage takes a fairly long time and the longer you wait to report it, the less likely it is that the culprit will be caught.

To sum it up, it is vital that you equip yourself with knowledge on the various services available to you. Do read up more on the internet to maximize your benefits and to avoid making the wrong choices to could bring great damage to you.

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5 Ways To Save Your Sinking Business

Posted on: Jan 22, 2015  By: admin  In Business  With: No Comments »
5 Ways To Save Your Sinking Business

Sometimes companies, be it small startups or large corporations, find themselves going down the wrong track. It may be due to flawed strategy, incompetent management or even several little glitches that collectively slow down the entire enterprise. It is always necessary to prevent your business from going bad, but sometimes these things cannot be predicted. And if your business has started heading in the wrong direction, here are ways you could get it back on track:

1. Act quickly, wisely

Remember – never be penny wise, pound foolish. It is true that changes need to be made as soon as possible, sometimes even immediately, but acting rashly could do more damage. Never compromise the quality of a product or service in order to save your business. It may save costs initially but in the long run, it could cause your business to deteriorate even further.

2. Do not hide from the truth

It is important that you truly understand the situation your company is in. If you are planning a turnaround mission, you need to be realistic about the timeline you give yourself. Sit and have a serious discussion with the board of directors on the severity of the problem at hand. Brainstorm ways to save the company and carry them through. Also, remember that fear and pride are both poison to the company and getting advice from other professionals or financial bodies could be the way to go.

3. Remain calm and collected

In these dire situations it is easy to panic and act irrationally but really, that is the last thing the company needs. However, this does not mean that you should be opaque or evasive as that would only turn up the volume on rumors – 90% of which probably aren’t even true. If you’re the head of this ailing company, you need to calm nerves and not amplify anxiety. Exercise communication between the people in charge and remember that you all have the same goal in mind.

4. Filter your employees

Now is the time to acknowledge the “good” employees and cut loose the “bad” ones. When an employee is behaving in a way that does not run parallel to the company’s culture and values, it is time to let them go. This may seem like a very cold and heartless thing to do but remember that the company is at stake and you simply do not have time for even a few “rotten apples”.

5. Pump in some money

Besides cutting some payrolls and cutting cost on utilities, there are also ways to increase your capital funds. If bank loans are no longer an option, then device a secure and steady plan to put forward to current and also potential investors. You may also schedule reorganization and speak to creditors and vendors.

To sum it up, there are many ways to save your business. Never choose to simply shut doors and declare bankruptcy until all methods of saving the company have been attempted. Quoting Bruce Barton, “Nothing splendid has ever been achieved except by those who dared believe that something inside them was superior to circumstance”.

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Potential Earnings In The Wild World of Accounting

Posted on: Jan 19, 2015  By: admin  In Job  With: No Comments »
Potential Earnings In The Wild World of Accounting

Accountants make a living by knowing how much an individual, business, or other entity makes, and how they use that money. But exactly how much do accountants themselves make? The answer, of course, varies and is not always easily determined. As with practically all professions, there are several factors that decide how much an accountant earns. Education, experience, field of expertise, and even location play in to the total salary of an accountant.

A certain level of education is required or preferred by most employers when seeking out an accountant. This can vary on a case-to-case basis, but the majority of employers tend to require potential candidates to have at least a bachelor’s degree. Others prefer their accountants to hold a masters, or even doctorate degree. As with many professions, higher levels of education equate to greater levels of pay, though this is not always the case.

Perhaps the greatest determining factor regarding an accountant’s salary is their level of experience. According to payscale.com, the median salary for an entry level accountant with less than five years of experience was $43,000. Contrasting this median salary with that of a late-career accountant at $51,000, one can certainly notice a significant difference in pay. However, much of that difference in pay is closed after 5 years of experience, where the median salary is 49,000. Although these are but generalizations, they serve to elucidate the relationship between work experience and pay.

At the bottom of the pay scale are office and insurance accountants, who make an average of $20,000 and $22,000, respectively. Other titles within the same area of pay are bookkeepers and accounting clerks. In some cases, a two-year associate’s program, coupled with relevant work experience may be enough for some in the field to land a job. Often times, however, prospective employers are looking for individuals who have completed a four-year bachelor’s program. Others still, may prefer potential employees to hold a master’s degree.

Senior accountants are by far the highest paid individuals in accounting. Earning an average of about $60,000 a year, they are in charge of a company’s fiscal organization. Though strong skills in mathematics are essential for any accountant, senior accountants should be especially capable with numbers; any miscalculations on their part could cause significant changes in a given company’s operations. With this heightened sense of responsibility in mind, many employers prefer their senior accountants to have attained a master’s degree. It is still possible, however, for those in the industry with bachelor’s degrees to work their way up to this position.

Location is another determining factor when it comes to an accountant’s salary. Accountants in San Francisco, for example, earn 29% more than the national average. Following behind are Washington, D.C., and New York, where accountants earn 25% and 19% more, respectively. On the other end of this scale lies St. Louis, where accountants may actually earn 2% less than the national average. This is an important aspect to consider, and perhaps one of the most difficult for a potential accountant, as factors ranging from preference of local culture to personal ties may compound or further complicate the potential gains from these differences in salary.

Finally, an accountant’s salary is determined in part by the industry in which they work. According to the Bureau of Labor Statistics, as of 2012, the industry with the top earners was Finance and Insurance. At the low end were Government workers. Filling in the middle, from highest to lowest earning were: Manufacturing; Management of Companies and Enterprises; and Accounting, Tax Preparation, Bookkeeping, and Payroll Services.

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What are the duties and salary of a Paralegal?

Posted on: Jan 19, 2015  By: admin  In Job  With: No Comments »
What are the duties and salary of a Paralegal?

There are many careers out there, but if you’re look for a career a job in law, a paralegal may be something to consider. A paralegal is a great way to break into law, and from there, possibly do clerical work, or with enough experience eventually work towards being a lawyer, or working for the district attorney’s office.

The question is: what exactly does a paralegal do?

It can vary depending on what law firm you’re working for, and what kind of law is involved; some kinds of law such as; criminal and divorce, may be more demanding when compared to maritime, and property. There are certain tasks that any paralegal will need to do, such as preparing for court cases, and various legal proceedings. Many times the paralegal will need to contact clients to set up interviews, and many times it will be the paralegal that will conduct the interview with the client. The paralegal will also do research, and investigation in order to prepare documents.

The skills involved are usually communication skills in regards to listening, having a basic knowledge of Microsoft Office for preparing documents, and solid analytical skills.

The salaries involved will also vary, but the average salary is roughly $46.000; through further research , the salaries in metropolitan areas with major law firms will, of course, be significantly greater considering the amount of work and the higher cost of living.

There is also the question of experience; if you have some experience and a college degree, it will increase your chances of greater pay. The one thing to remember about being a paralegal is that you’re not required to have a college degree. If you do hold a degree, and you have a number of years of experience, it is possible to make up to $60.000 a year. If you do not have a degree there are classes online to study to become a paralegal.

Many paralegals, while working, are able to incorporate their studies, just make sure the college where you apply is accredited. In California it is important that paralegals do obtain a certification, or license. The individual could obtain a certificate that is approved by the ABA; or a certificate that will have 24 semester units in law that will be approved by an accredited institution. If you do not have any of those, but do have a four year degree in anything, (having a liberal arts degree in this regard may benefit, since much work in programs such as Literature, History, and Philosophy; require an extensive amount of writing, and research) and a year of performing legal tasks under an attorney’s supervision, you are already well on your way to becoming a paralegal. It will be mandatory for the attorney to sign a declaration that the paralegal is qualified to perform legal tasks, and will be eligible for certification.

Are there differences between paralegals, and lawyers, and legal secretaries? There are some significant differences, which are important to know, when you consider a job as a paralegal.

1. It is only lawyers that can give advice, set fees, and appear in court representing the client.

2. A legal secretary will have a basic understanding of the terminology involved in law; and the formatting that is required in regards to courts, and Governments Agencies. Legal Secretaries also take on clerical duties, organizing and filing numerous cases.

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Buying A Home. Could This Be the Worst Investment You’ll Make In Your Life?

Posted on: Jan 19, 2015  By: admin  In Home  With: No Comments »
Buying A Home. Could This Be the Worst Investment You’ll Make In Your Life?

We’ve always been taught by mom and dad to keep our dreams alive. And for most people, nearly every 35-something man or woman today continues to dream of being a Meryl Streep or a Tiger Woods. Somehow, in the deep recesses of their heart and soul, they believe they could be, no matter how much of reality says otherwise. But perhaps the most intense of these American dreams is that of owing a home. (Source: msnbc.com) Year in and year out, generation after generation we’ve been pushed to work hard, save up and establish our roots by buying a nice house. And pretty much like the dreamers, when we take on this dream, we may actually be fooling ourselves.

The Math In Buying A Home Doesn’t Make Sense

When you pull back a little, sit down and do some math, you’ll discover that purchasing a home could be one of the worst investments you can make.

Consider the purchase of a house that’s worth say, about $350,000. For this you would usually be required to put up a down payment of 20% or $70,000. This would leave you with a loan balance of $280,000. At a current bank-lending interest rate of 4.5% for a 30-year fixed mortgage, this boils down to a monthly payment of $1,853.10.

By the time the mortgage would have ended, you shall have paid $667,166 in principal and interest, or $387,116 more than the original amount of the loan. At about the same time, assuming a conservative 1.5% tax rate, you shall have paid another $126,000 in property taxes. Put in another 1% maintenance cost, for upkeep, repairs and over-all maintenance to keep the house in good shape, and your total costs over a period of 30 years would be $898,166.

And How Would We Have Spent This Money, If We Didn’t Purchase A Home?

Since you’ll still have to have a roof over your head, let’s assume you rent a home for 75% of your monthly amortization or about $1,400 a month. Then instead of a down payment, you invest your $70,000 in the stock market that has averaged for the past 50 years a 9.4% return. And then each year, you add on to your investment the difference between what you pay for rent and the mortgage payment, along with the money you save from not paying any property taxes and maintenance costs associated with home ownership. At the end of 30 years, you would have close to $3 million in your name. ( Source: Dailyfinance.com )

Of course you can tweak this scenario in many different ways as in factoring in the appreciation of the house you would have bought or some tax incentives the state may come up with but no matter how you look at it, mathematically, it just doesn’t seem to make any financial sense. And in all practical sense, you’ll never find yourself in any kind of a situation to be seen as a bad loan account either.

The intangibles are there naturally. The sense of belonging to a community, the satisfaction of establishing one’s roots, the freedom to do what you want with your home. All these issues are valid and for some may favor buying rather than renting a home. But numbers don’t lie and it makes a lot of practical sense, to at least, go through the process with our eyes open.

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Understanding Debt Consolidation Loans

Posted on: Jan 13, 2015  By: admin  In Loans  With: No Comments »
Understanding Debt Consolidation Loans

Consumer debt is crippling to the finances of the people involved. Debt makes it hard for people to keep up with their many payments each month. Paying off this debt seems almost hopeless to people that are struggling to stay afloat. So many people are steadily falling into debt each and every day. Bills from every direction are hitting people where it hurts. Especially for college students. Student loans are steadily rising due to the rising cost of tuition. Bills and students loans are burying people in debt that they might not ever be able to repay, considering the increasing amount of interest on each loan.

Debt consolidation is a way for struggling individuals to try to dig themselves out of the financial hole that they have fallen into. A debt consolidation loan can be used to eliminate a few, or even all outstanding debt that the person may have. The debt that is being relieved usually consists of medical bills, student bills, and utility bills, such as the gas bill, water bill, and much more. Debt consolidation loans can be very helpful to many Australians, but it does not help everyone. Like with anything else, there are advantages and disadvantages to taking this route of debt refinancing.

A loan is even harder to pull out of your credit score is not the best. Credit score is a big deal when it comes to being able to qualify for getting a loan. If you are a student looking to get a loan for school, they require you to have a cosigner that has a worthy credit score. If not, you do not get the loan. They do not have faith that you will pay them back. Lenders take a hard look at credit score because it helps them to determine if you are going to be a reliable borrower. They need a way to let them know that you are going to pay them their money back without a bunch of problems and delays. Credits score is how they are able to gauge that.

Having a lot of debt and a bad credit score can make you feel lost, hopeless, and depressed. You may feel like there is no way out of your growing debt and the piles of bills that cluster your desk. Fortunately, if you have bad credit, you may still be in luck. There are many organizations and lenders that are willing to overlook your credit score and still offer you a loan. Now, you can lower the amounts of debt that you have. But, you have to remember the point of a loan. A loan needs to be paid back to the lender. The loan will be able to free you up so that you have a chance to get back on your feet and then you can pay everyone back that you owe money to.

Before you jump at the first lender that will give you a loan with your bad credit, you need to do a little research. Make sure you will be able to pay it back after they begin to apply interest. You do not want to land yourself into an even larger pile of debt. The whole point is to be able to help you and relieve you of all the stress from your debt. The loan process can sometimes be very stressful and time consuming. However, there are lenders that promise to make the process quick and easy for you. The main requirements that you have to follow are that you have to be at least 18 years old. You have to have residency in Australia, and you have to have an Australian bank account.

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