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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Why Most Businesses are Keen to Establish a Strong Online Presence

Accessing the internet is like getting in and out of your house or calling someone on the other end. It is simple and offers the best platform for users to connect. With the mobile technology quickly advancing, people visit their social media accounts using their mobile phones. This means that, by tapping into that market, you will be able to propel your business to greater heights.

Online presence

It’s imperative for your business to establish a strong online presence. And in the process, you may need to outsource the online marketing roles to the best SEO Company locally in order to get the most of your effort.…

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5 Popular Online Trading Opportunities to Consider

Online trading has now pretty much changed how traders, brokerages, and exchanges do business with each other. What once required dozens of phone calls for the investor and hundreds of calls a day for the average broker to facilitate, is now neatly condensed into easy-to-use online platforms that require little direct communication between the two.

Online trading

Who can trade?

Anyone can trade online. Once they find an online broker (this site has it all) that can work with their trading needs. All will charge a flat fee per trade, usually offering lower rates for student and active investors, and most requiring you to maintain a minimum balance in your account to do any kind of aggressive trading on their platform.…

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10 Common Mistakes Small Businesses Make

There are hundreds of mistakes business owners make when it comes to running their own companies. They vary from the website mistakes to incorrect usage of effective business tools.

Statistics shows that most mistakes are very common and are made almost by 95% of all business owners. Recommendations to wanna-be entrepreneurs often include what they should do to become successful in their businesses, but rarely mention what they should avoid to do, although it is equally important.

Small business owner reading newspaper

Today, we are going to talk about what we personally consider the biggest mistakes often made by small business owners. Avoiding these mistakes can save the business you are working on.…

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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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The Advantages of Outsourcing Your Content Writing

Whether or not to outsource certain business functions has always been a topic of discussion amongst business owners. The pros and cons are weighed back and forth, often with no concrete decision for or against it. The key advantage of outsourcing is the ability to remain professional even in areas not directly related to your industry. Content creation, for example, is key to every business, but it is not necessarily relevant to the business’s core functions.

Outsourcing your content creation

The choice to outsource services such as content creation lie in the need to always remain a step ahead and a level above your competitors.…

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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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Why Every Business Needs to Hire Content Writers

It is not always rosy for businesses that want to edge competition. Well, one of the reasons why this is the case is that while there are many marketing strategies that can be executed, customers nowadays deploy changing attitudes with respect to from places where they get access to quality information about products and services. Business owners must take note that such information is properly packaged to address needs and concerns of buyers.

Content writer

The question is, how do businesses that serve clients well do it differently?

Agreeably, it is fact that today most online businesses own a website. But what makes customers coming for more is the sort of content you publish, be it images or text.…

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