Skip to content
Guangzhou BRT

Guangzhou BRT

Menu
  • Home
  • About
  • Contact

Category: Finance

What Are The Legal Liabilities of an Accountant?

January 25, 2022
| No Comments
| Finance
tax accounting pdf

As an accountant there are some very important duties that one has to perform and it is legally binding on him to perform those with complete professionalism and these duties are also described as liabilities of an accountant, when a client hands over accounts to a firm or an individual providing services then they are liable for any sort of misstatement or misrepresentation of accounts and they can be held accountable if the accounts do not reflect the true and fair position of the client’s business, that risk is so high that accountants have to employ a number of applicable standards and work efficiently, the investors rely on an accountant’s work and the accountants can be held responsible and face legal action for their negligence but applying relevant standards usually avoids such situations.

If you are owning a small business or a service and you want to outsource the accounting function then make sure that you are not only handing out the service to an experienced accountant but one who has a team of experts as well, it is all but better if the service is handed out to an agency which has a growing reputation, and accountant in Downers Grove providing a number of professional services which benefit businesses from all different types of industries and especially the small and medium sized business here in Illinois benefit from quick books, tax services and business and financial consulting and for the best agency in Illinois you can log onto  ATACPAs and get the best services for your new small or medium sized business, the agency has some of the best accountants in Downers grove and they are ever willing to help you out and provide solutions that will help your business grow.

Read More »

Posted in Finance

How to Transfer From Cointiply to Coinbase

January 8, 2022
| No Comments
| Finance
golden bitcoin coin

Crypto has created numerous earning opportunities for people that might have otherwise been relatively restricted with regards to how much overall revenue they can end up bringing in once all has been said and is now out of the way. Crypto faucets are a really popular way for people to start getting in on the cash flow that is now available to them, but once you have earned a bit of crypto through these faucets the next thing that would be at the very forefront of your mind would be for you to transfer this crypto to coinbase.

The reason behind this is that coinbase is a place where you can actually start buying and selling crypto, and suffice it to say that transferring your existing crypto to coinbase can make it more profitable for you than might have been the case otherwise. A Cointiply review can tell you a fair bit about how this process works. Basically, you need to take part in a two step process in order to make it so that your crypto is one coinbase and can be used for any and all things that you want to accomplish over your lifetime.

The first step would be to withdraw your crypto to an online wallet. Then, just go to Coinbase and deposit coins into your Coinbase wallet. This is a relatively simple thing to do and it is something that can help you earn money along the way. Once you have crypto in your Coinbase wallet you can start selling it and day trading which would facilitate you receiving a really health level of income that would create more opportunities for you down the line.

Read More »

Posted in Finance

Benefits of Outsourced Accounting

July 25, 2020
| No Comments
| Finance
accounting services meaning

Many businesses these days are struggling to keep up with the changing policies of the government. Transparency in all departments is needed from a business, no matter how big it small it might be.

But small businesses usually suffer greatly in their productivity due to these non productive and repetitive tasks. They have less sources and more work to do. But the business landscape is changing these days. More businesses than ever are now outsourcing their work.

Here are the  benefits if outsourced accounting for your business.

They Are The Experts

If your in-house accountants can not help you in a certain situation, ir you simply do not have the capacity to hire an in-house accounting team, you can outsource the accounting work to an accounting firm. That is because these accounting firms have accountants that have worked with tens of businesses in the past. So, they will be able to manage your business’s financial needs easily.

They Can Help You Meet Certain Requirements

Since the accounting firms are working 24/ 7 on a regular bases, they are well aware of all the new regulations and changes in law. They keep an eye on the industry and learn about new trends quickly.

So, by hiring the outsource accountants, you will sure that your work I’d being handled by the experts.

Improved Productivity

By outsourcing the accounting work, you will be sure that all of your accounting related work will be done within the allocated time. Additionally, these firms can also create useful insights for you to look on and improve your business.

Also, when a lot of the financial work is being handled remotely, you will have the much needed peace of mind, and this will help improve your productivity. That is why you can safely outsource the accounting work without any fears.

Read More »

Posted in Finance

Tips You Should Follow When Going For Outsourced Bookkeeping

July 10, 2020
| No Comments
| Finance
independent bookkeeper rates 2018

Simply put, outsourced bookkeeping is something that can become absolutely necessary at times. This is something that you should always opt for if you are looking to have a good experience. As long as we are making sure that there are no issues that could come in the way, you can easily make the most of the situation if you hire someone through that service.

Now, when we are talking about outsourcing your bookkeeping, there are some tips that you might need to follow in order to make the situation worth your time. Thankfully, we are going to mention some tips that we believe are extremely helpful.

Check Their Referrals

It would be best if you just check their referrals. Because it is only going to work better for you. By knowing about the referrals, at least you will know that you are hiring someone who is good with their work and has the proper potential to handle your business, too. It just makes up for a lot of better experience and makes the most of the situation, as well.

Don’t Just Settle Right Away

Another tip that we are going to give you is that it is better if you don’t just settle right away. Why? Because you might miss out on a lot of other excellent services while doing so and that is not what we are going to suggest you to go through. It would be much better if you are being careful about these things as you are hiring someone for a task that is very sensitive and in such situations, you need someone who is just as qualified to handle every financial aspect of the business.

Read More »

Posted in Finance

Transferring Money Made Easier With This Amazing App

July 1, 2020
| No Comments
| Finance
ria money transfer in walmart

If you live away from your family in a different country and you work hard all day in order to send some money back home and you find it hard or really expensive to send that money to your desired destination then you are not alone and you probably haven’t heard of ria money transfer app, ria money transfer has been providing money transfer solution to people all over the world since 1987 and they have kept themselves well in touch with technology and have evolved along the way, their money transfer app is the quickest and the easiest way to transfer money to your country.

The company is a subsidiary of Euronet Worldwide Inc., which is a reliable name that specializes in electronic monetary transactions which means that it is absolutely secure, along with being convenient and fast one would always want to get the transactions done through an app which is secure and it doesn’t get bigger than Euronet Worldwide Inc., and if securely transferring money and using peer to peer system is what you are after then your search for a good option should end with ria money transfer. Ria tracking too allows you to know the current status of the transaction and that always provides such great peace of mind.

There are a number of things that the best electronic monetary transaction apps have in common, some of these have a few good things over the others but ria money transfer app is one which has all the right characteristics that a top money transfer should have, and that is endorsed by so many different review websites as well and you can confirm that online as well because most of the top review lists do have ria money transfer in their top reviewed apps and recommendations.

Read More »

Posted in Finance

Trading With The Euro/ USD Currency Pair

June 29, 2020
| No Comments
| Finance
currency exchange near me

Euro/ USD currency pair is one of the strongest currency pairs in the world right now. That is because it includes two of the most prominent and well known currencies. A majority of the forex traders work on the this currency pair to make a living for themselves. There are certain reasons on why this pair is  chosen by most of the traders.

In this article, we will briefly review the ins and outs of trading with the Euro/ USD currency pair.

The Most Traded Currency Pair

USD and Euro are in the first and second spot when it comes to the most traded currencies in the world. On a daily bases, USD gets the most number of trades and its trade volume is around 3x more as compared to the Euro. That is what makes USD a more prominent currency.

Leys make some conclusions.

  • USD has the largest share in the global forex trading market. It has a huge market share.
  • Due to the stability in both the currencies, Euro/ USD is the most traded currency pair. That is because Euro and USD are two of the highest values currencies in the world right now.

All of the other currency pairs and individual currencies have a mush less share as compared to these two currencies.

Why Traders Love Euro/ USD

Since these currencies are prominent and stable, the price  movement is also stable for intra-day trades. Other currencies have more volatile pairs, that’s why they are not proffered by big traders.

Additionally, the currency pairs having low volatility are  ot good for new traders, as price moves can take time, and you will need a deeper knowledge of the market to be profitable in those currencies. For regular users, they can easily search to convert 100 euros in us dollars to see the conversion rate.

Read More »

Posted in Finance

What You Need to Know About Internal Rate of Return

June 4, 2020
| No Comments
| Finance
Businessman in the office

Understanding the internal rate of return is not something that can be easy for a lot of people. Especially if you are not linked to finance in any way. But the thing that you must know about it is that if you are studying finance, or taking it up as a career, you will have to understand how it works and get into the details as well.

So, what exactly is an IRR of an investment? Well, according to a few definitions, it simply acts as a guideline that helps decide a company whether they should proceed with an investment or not. If the internal rate of return is greater than the minimum required rate of return, then the project that the company is thinking about working on. Contrary to that, if the internal rate of return is lower than the cost of capital, the rule states that the best course is to avoid the project or investment.

It Can Help Make Decisions

Simply put, IRR is a great way of making decisions when it comes to businesses. Now it is important to understand that many people might be wondering how something so simple as this can actually help people but that is not the case. IRR is just one many rules in finance that aid the financial advisors in this.

Companies Don’t Always Follow This

Another really important thing to understand here is that companies don’t always follow the analysis done through IRR. They are free to make a decision even if this rule is stating that making such a decision is not good for the company. It all depends on the tangible and intangible benefits along with some other information that you have to keep in mind.

Read More »

Posted in Finance

Why Businesses Must Hire Accountants

May 24, 2020
| No Comments
| Finance
fundamentals of auditing pdf

Over 80 percent of all the business in the US fail within the first 18 months of starting. That is probably because of poor financial management.

But despite these alarming numbers, many business owners still decide to deal with the finance part of their business by themselves. A survey shown that over half of the small businesses don’t use an accountant at all.

Well, not all businesses that don’t have an accountant miserable fail, but we still can’t ignore the value an experienced accountant can provide you with especially in the initial phase of your business.

Here is why you business is better off hiring an accountant.

Getting The Deductions You Deserve

Many business owners don’t even know the opportunities they have to make tax deductions. Even if they come to know at the end, it is usually already too late.

However, an accountant can keep you in touch with all the tax deduction opportunities during the year, and will help you avail those opportunities at the end of every fiscal year.

Keeping Away From The Audit

Many companies go through an audit from the IRS every year for not complying with the tax preparation guidelines. Remember that you can only avoid the audit when you already have an accountant or firm like Odoni Partners accounting working for you, you won’t be able to fix the issue by hiring an accountant afterwards.

So, get the guidance and counseling of an experienced accountant to avoid getting audited from the IRS every year.

Making Better Decisions

Many business owners are great leaders, but they don’t know anything about risk assessment and financial management. They get confused about the feasibility of any change that they’re going to make in their business.

An accountant can help you in this area too. You’ll be making better decisions with an accountant working for you.

Read More »

Posted in Finance

How Much Money Do Day Traders Make

May 2, 2020
| No Comments
| Finance
Forex trading, Financial market, Investment concept on business center background.

How much does an average day trader make? This is a popular question that everybody needs answered. But unfortunately, getting a solid answer to this question is almost impossible, as a majority of day traders never disclose their actual profits to the general public. The results also vary from trader to trader because of how much risk they’re milling to take, the loss prevention methods they use, and the amount of knowledge they have about their stocks.

While the average profits of day traders aren’t easy to calculate, one thing that we can be sure of is that losing your money in this business is pretty easy.

What Day Traders Do?

Day traders basically try to benefit from the small forex market price changes. They buy some financial instruments, hold them for a while, and then sell them within the same day when their price goes up. Day traders try to buy and sell stocks within the same day, with an intention of making profits fro. The slight market changes.

Both beginner and expert day traders can use stop loss orders to limit their financial loss per trade. Playing safely and cautiously is the key to being a successful day trader. Also, never risk more than 1% to 2% of your total account balance, as this will limit your loss.

Getting Started in Day Trading

Before starting day trading, remember that trading is different, and way riskier as compared to investing in stocks. Any investor can buy a certain amount of shares of a company, and can hold them for months, waiting for them to appreciate in value. This isn’t the case with day trading. Some rules require you to maintain a minimum balance in your day trading account also, since day trading requires a lot of focus, you’ll have to allocate much of your daily time to this new hobby/ business. You follow Rob Booker to know more about this lucrative business.

Read More »

Posted in Finance

Everything That You Need to Know About Accountants

April 15, 2020
| No Comments
| Finance
what do accountants make

With so many professions out there, it is hard for an individual to choose one and make it their career path. For some, it is one of the toughest decision that they have to make. If you are in a similar boat and are confused as to where to start looking for a career path, then why not start with accounting. You can always become an accountant if you have the skills and talent for it. If you are interested in learning more about accountants then you have landed on an article that is perfect for you. You can just think of this article as your guide to accountants as it contains almost everything that you should know about.

For starters, you need to know where you can start. Well to be an accountant you do not need any high level degrees. You can start small, but that will not get you any high level jobs. In order to get high level jobs you will need high level degrees as well. You can visit Page Kirk Nottingham and find all the info that you need on the required education.

There are different things that an accountant has to do, but all of the things in their job description are mostly related to finances. An accountant also acts as a financial advisor and an auditor as well. In addition to this, they make sure that all financial records are being maintained and are kept updated. The finances are being managed all the while complying with the law and do not breach any rules or regulations. Besides this, accountants also help you out in making tax returns and computing how much tax you owe.

Read More »

Posted in Finance

A Guide to Setting Up a Bitcoin Loophole Account

November 16, 2019
| No Comments
| Finance

Bitcoin loophole is an automated system that trades bitcoin on your behalf and earns you immense profit in the long run. There are also a lot of other automated bitcoin trading systems in the market, but we recommend using bitcoin loophole because of its success rate of over 90%.

In their website, bitcoin boldly says that they have made a lot of novice bitcoin traders into millionaires, and the claim is true. Bitcoin loophole is a platform that uses it’s own unique algorithm to get the information from the market trends, opens highly profitable positions and Grant’s you with high profit by trading fully automatically 24/7.

Creating a Bitcoin Loophole Account

To start the process of creating a bitcoin loophole account, all you have to do is visit their website and sign up after filling all the required information in the given form. After completing these initial steps, you’ll get access to the dashboard of bitcoin loophole.

Depositing The Funds

Bitcoin loophole provides you with a demo account that you can use for as long as you want in order to see how the platform works. When you are ready to start the actual process of bitcoin trading, you’ll have to deposit a certain amount into the wallet.

The deposit process should be really easy and straightforward. You can just click on the deposit button to start the process. Then you’ll have to select a broker that you want to work with. Different brokers have different deposit options available, you’ll be able to use some of the most common methods such as credit/ debit card, Neteller, Skrill and some others. PayPal and Bitcoin option isn’t available. We recommend reading some bitcoin loophole reviews for mental satisfaction before you actually deposit and start trading with actual money.

Read More »

Posted in Finance

Basics of Tax Planning That Everyone Should Know Of

October 5, 2019
| No Comments
| Finance

If you happen to be an owner of a small business who is just starting out in the industry, we would advise you to learn from your predecessors, meaning, you start off by learning to do your taxes and plan them out in advance. Although taxation holds a lot of importance as it is the primary source of revenue for a lot of us, a lot of people tend to forget that and not do not really bother in gaining much information or planning their taxes. Which is why, we will take this opportunity to actually help you all out in planning your taxes as well and tell you the basics that every adult should know of.

With that being said, following are some of the basics of tax planning that will help you save on taxes as well, check them out below.

Defining Tax Planning

To start off, the very first thing you should know of is the basic of tax planning. It is the process that enables business owners to do personal as well as work related transactions in such a methodical manner that they are able to reduce tax liability, and in certain cases, eliminate it as well.

However, in order to pull this off, one requires knowledge of how taxation system works and the look for the right time and opportunity for it to pull off. Although, it may seem very intimidating in the beginning but that is all due to the lack of knowledge. Once you have the right skills, knowledge you will be easily able to work it out in your favor and make more sense of how things will go about in your future transactions.

Read More »

Posted in Finance

Things to Consider While Getting a Reverse Mortgage

September 21, 2019
| No Comments
| Finance

In a mortgage, we have to pay up a certain amount periodically and gradually the amount starts shrinking, while in the reverse mortgage the opposite happens. In reverse mortgage instead of paying the amount you receive it, but you do have to pay it back.

Usually, the amount is paid back when the one who is borrowing money passes away or sells their house as their house is kept as collateral. If the person decides to sell the house while still alive then they have to pay back the amount that they got with a compound interest rate, however, if the house sells for more than the amount they have to pay back then they can keep the rest.

If you are interested in getting a reverse mortgage then visit https://reversemortgagefinancesolutions.com.au so understand the basics. Besides that, if you are sure that you want a reverse mortgage then there are certain things that you should take into consideration.

You can always exclude a spouse out of the loan if they are younger, this will help you in getting a larger amount of money, however, at the death of the borrower the spouse would have to move out of the house since they do not have to pay the amount. Keep in mind that the higher the age of the borrower the more amount you can get out of it. Although you have to be sure to pay all the bills and taxes, otherwise they would be added to the amount you have to pay back along with a heavy amount of interest. Keep all these factors in mind while going for a reverse mortgage. Make a decision while keeping the pros and cons of insight.

Read More »

Posted in Finance

Why Tradelines Are Important

September 7, 2019
| No Comments
| Finance

Unless you were born to rich parents, you probably don’t have the kind of finances that would enable you to buy everything you need to buy in a somewhat timely manner. There are a lot of things that you will have to purchase in order to start your life, such as a car, a television, kitchen appliances and a wide variety of other items that are necessary in order to enable you to live a reasonably comfortable life, one that you would actually end up enjoying quite a bit, so much so that you would actually look forward to each day.

In order to buy all of the necessary items, you need to take loans. The thing about loans is that in order to get loans that would actually allow you to buy everything you need, you need to start focusing on your personal tradelines more. The reason for this is that your tradelines will determine the size of the loans that you are allowed to take, so if you want bigger loans you will have to improve what your tradelines happen to be saying about you at any given point in time.

If you are confused about how you can improve your tradelines and, by extension, your credit rating, you need to talk to a financial advisor who would be able to guide you and give you the right information in this regard. Financial advisors can give you some pretty useful tips that can allow you to modify your spending practices and make them conducive to a higher credit rating that would subsequently facilitate high quality loans as well as better credit cards that have higher credit limits as well as top notch benefits in other areas as well.

Read More »

Posted in Finance

Understanding Bitcoin

July 23, 2019
| No Comments
| Finance

If you were reading this in 2011 or such, then you’d be one of the few people who know about Bitcoin. These days, almost everyone has at least heard of Bitcoins to a certain degree and on this page, we’ll hit some of the very basics that you need to understand about the cryptocurrency. You may have had trouble in grasping this before but 8-bit Sumo makes it super easy and straightforward to understand. Here’s what you need to know to understand Bitcoin.

What is Cryptocurrency?

The first fact you need to know about Bitcoin is that it’s a cryptocurrency – as in, a currency that’s digital and can’t be minted into tangible form. Bitcoin is basically unique lines of code that are achieved through complex mathematical computations, for which you need processing power and electricity – a process that’s known as mining. They’re untraceable and impossible to counterfeit.

Where Did Bitcoin Come From?

The first Bitcoin was created in 2009 by someone named Satoshi Nakamoto; this may be a person or a group of people but the name is all we know. People had been trying to create a cryptocurrency before 2009 as well but they never succeeded in this endeavor. Back then, the bitcoin was valued at $0.08 and is now estimated at around $17,000. You can imagine why Satoshi Nakamoto disappeared off of the face of the earth. They must be loaded by now and are estimated to hold 1 million Bitcoin.

Why is Bitcoin Such a Big Deal?

Bitcoin transactions are untraceable, meaning that there’s no telling what they can be used for. Aside from that, unlike traditional money, there isn’t any central group such as a bank or government that determines the value of Bitcoin. The only threat that Bitcoin faces is if Satoshi Nakamoto decided to flood the market with more.

Read More »

Posted in Finance

Our Facebook Page

Get Notifications of New Posts

[CONTACT_FORM_TO_EMAIL id=”2″]

Recent Posts

  • What Makes Siding Chalky After Pressure Washing?
  • How to Prepare Your House For Carpet Cleaning
  • What Does Pressure Washing Do to Shingles?
  • What Foods Are High in Peptides?
  • How to Find a Custom Home Builder

© Guangzhou BRT Precious Lite theme by Flythemes