POST CATEGORY : Finance

How To Fund Your Startup By Offering Your Own Cryptocurrency

The beautiful thing about blockchain technology is that it is mainstream enough that just about anybody can create bitcoin wallet account but still new enough that if you create your own blockchain you are one of the pioneers. And early adopters of new technology are usually rewarded when it takes off.

Bitcoin

Blockchain technology is still in its infancy and has yet to fully fulfill its potential. If your business can use the blockchain, then this is an excellent time to start. It may seem like you’re late to the party with so many different cryptocurrencies on offer but the reality is that it is never too late.…

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This is Why your Business Should Consider Invoice Financing

Invoice financing is something that can make a huge difference to your cash flow issues, but it’s also something that many business owners don’t know much about.

Invoice financing and factoring

With over £3 billion in alternative finance reaching UK businesses every year, there’s no doubt that money is available – it’s just knowing where to look for it that’s the hard part. Invoice factoring and invoice discounting are two particular types of finance that could help you to get on top of your business books. They might be suitable if you’re tired of waiting for clients to pay what they owe, or if you’ve perhaps been a little too generous with your payment terms, and they could help to improve your cash flow.…

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What is a Credit Report?

Yeah, you remember that whole permanent record thing with which teachers and principals used to threaten us when we were in grade school? Well, that’s largely a mythical thing about which no one in the world of work cares.

Credit report

However, there is in fact a permanent record about which everyone cares when it comes to your personal finances. Moreover, the information it contains can determine whether you get a place to live, a car to drive, insurance and in some cases, even a job.

That’s what a credit report is — and how it can influence the quality of your life.…

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Why Most People Fail At Trying To Grow Their Personal Finances

Every person must have a good handle on his or her finances to be able to navigate life easily and with a positive outlook. It’s equally important to have a strategy that causes those finances to grow. Unfortunately, many people fail at giving their personal finance growth any momentum.

Growing personal finance

The following are some of the most common reasons that people fail at trying to grow their personal finances and what they can do to fix it.

1. Lack of Discipline

The most common reason that people fail at making their finances grow is a lack of discipline. Growing money takes a determined mindset.…

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The 7 Best Things About Building Insurance

A home is one of the most significant assets for every homeowner. It has many belongings that need to have a security backing should anything happen. Therefore, it makes sense to get home insurance to protect the investment against unforeseen happenings.

Building insurance protection

Most homeowners try to take various security measures in protecting the home. But that’s never enough. The home is at other risks such as natural disasters, theft, damages, and repairs. No matter the level of security applied, home coverage will do much more to the homeowner. Below are the benefits of building insurance.

Protection from Damages

The home is prone to many damages at any point in time.…

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Banking Tips for Small Businesses

Money can either make or break your business. However, that doesn’t mean you’re paying attention where you should. By all means, keep track of money coming in, money going out, and strategies that can increase cash flow, but don’t forget about the basics—like your bank account.

Internet banking

Where you bank and the accounts you have matter. Make the most of your banking services by following these tips.

Know the Fees Associated With Certain Activities

Small business banking is anything but simple. Unfortunately, the potential complexity of business bank accounts can really add up. For example, it isn’t uncommon for banks to charge multiple fees, depending on how you use the account.…

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What to Do When Pandemic Affects Your Finances

In the event of a pandemic, such as the Covid-19 global disaster, one has to remain physically fit, but unfortunately, you might juggle some financial challenges. You should, however, know that you are not alone in this since millions of people are affected by the same pandemic.

Financial problems

During pandemics, there are high unemployment cases since most businesses shut down, and considering that some people consume all their income without saving, you have nothing to cover the unexpected emergencies. It’s essential to anticipate such situations and take steps that will enable you to manage your finances in the event of a pandemic.…

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How a Spend Visibility Service can Reveal Savings Opportunities for your Business

The battle to secure long term financial stability for your business rages each day. In light of present uncertain economic uncertainty, finding ways to save money and track your business spending is key to your continued success. Improper allocation of funds, overspending and hidden costs are all problems that need to be addressed to help your business achieve continued success.

Spending visibility service

Spend visibility is a vital business tool that helps you not only see where the money is going, but allows you to acquire a larger picture of how the money your business spends moves through the company. A competent spend visibility service can help you track where your funds are going while providing additional benefits in addition to helping you develop a plan to ensure the longevity of your business by understanding how the money is being used at every step of the purchase process.…

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Everything You Must Know About the Paycheck Protection Program

The pandemic has done its best to bring America to its knees. We can see this in the way it has worsened political divides, created a housing crisis and is preventing many schools from functioning normally this fall semester. However, the federal government has tried to put certain programs in place to help during these difficult times.

Writing paycheck

The Paycheck Protection Program is right at the top of that list. If you’re a business operator or owner, then you need to know all about it, since it might be part of what’s keeping you running in 2020.

Let’s go over some program details right now.…

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Navigating These Trying Times: How Has COVID-19 Impacted the Accounting Profession?

When 2020 got started, people in the accounting profession had a lot to be happy about. Many CPAs were looking forward to a busy season, especially considering the Tax Cuts and Jobs Act, P.L. 115-97. The financial markets were off to a good start, and everything looked rosy.

Accounting services

Then, along came the coronavirus. Several vital industries tanked, virtually shutting down and disappearing overnight. Millions of Americans are doing what they can be working from home. There probably isn’t a single aspect of the CPA business that hasn’t been dramatically impacted, but new opportunities to help clients navigate these turbulent times have popped up overnight.…

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