As an entrepreneur, your main focus is always on how to grow your company. To do this, you and your salespeople need to be good. At the same time, you need to ensure that your costs are managed well. There are many ways of managing costs. One of them is to outsource some of the noncore parts of your business. This is the main reason why many companies outsource marketing, content, and auditing processes. In this article, we will look at the top reasons you need to outsource part of your company’s accounting processes. Cut Down on Costs As mentioned above, most companies like to cut down ..read more

Around 75% of Americans are personally handling their finances with no help from advisers or accountants, according to a recent CNBC survey. Accountants are generally believed to be only necessary for entrepreneurs and businesses. The reality of the situation is that accountants can be good for your personal finances, too. Not only can they assist with annual responsibilities like filing taxes, but they can provide valuable tips to uncover financial savings and other tips. Tax Filing A whopping 80% of Americans missed updating their W-4 tax forms, according to data from H&R Block. If ..read more

Some of the latest figures show that an estimated 4 in 10 people do not know their credit score. Additionally, many business owners are confused as to how to obtain and build business credit, and how their personal credit score affects their ability to access loans for their company. Whether you are your only employee, or you’ve hired a sizeable staff, making it a point to monitor your credit scores can help your company succeed in the long-term. In addition to closely tracking your business accounts, be sure to keep close tabs on both your business and personal credit scores for the fol ..read more

When we launch a startup or open a small business, it can feel like we have suddenly become a ‘jack of all trades’. From manufacturing our product of offering our services, right through to answering the phone, performing administrative duties, and even taking care of basic accountancy, no task is too small or too time-consuming. As we begin to achieve the success we have worked so hard for, one of the wisest steps we can take, is that of hiring an accountant. Indeed, those in the know argue that we shouldn’t even consider starting a business until we have received professional advice. An acco ..read more

Your credit score can affect you in a number of ways and this can extend beyond your personal credit abilities. Many small businesses feature an interplay of personal finance and business finance. Did you know that a study by the NSBA found that 27% of US businesses were not able to secure their required funding? Furthermore, 25% of them said it prevented them from expanding. With the link between personal financial health and business financing needs, a bad credit score can influence your business’ ability to expand and succeed. To avoid these side effects, there are many tools and informatio ..read more

Whether you’ve been knitting, painting, creating pottery or making jewelry, you may find that your hobby has become more than that, and you are starting to make money. The rise of websites such as Etsy, Artfire and other craft and hobby blogs, have made it easy to sell your products and wares online. Every small business needs to exceed when it comes to accounting and keep records for their taxes. Having a good control of your finances will mean that you are able to grow and expand your small business as you want to. When does your hobby become a business?  To determine whether your hobby is ..read more

Open-source software (OSS) is a catalyst for growth and change in the IT industry, and one can’t overestimate its importance to the sector. Quoting Mike Olson, co-founder of Cloudera, “No dominant platform-level software infrastructure has emerged in the last ten years in closed-source, proprietary form.” Apart from independent OSS projects, an increasing number of companies, including the blue chips, are opening their source code to the public. They start by distributing their internally developed products for free, giving rise to widespread frameworks and libraries that later become an indus ..read more

More likely than not, you have recently found yourself barraged with headlines regarding the border adjustment tax (BAT), a portion of the Republican House Tax Reform Blueprint intended to overhaul the current U.S. corporate tax code. The proposal has emerged in response to common criticism that the current corporate tax rate of 35% and offshore tax deferrals create incentives for multinational companies to outsource jobs, make offshore investments, and take on unnecessary domestic debt. While there would surely be winners, losers, and an estimated $1 trillion raised in revenue with the implem ..read more

My Wall Street journey started with Bloomberg in 2009. Since then I’ve held positions in equity research at a sell-side shop, as a senior analyst at a hedge fund, and eventually, as the director of research for a startup building research automation tools. During that time, I have produced hundreds of reports, models and recommendations on publicly traded equities. As a result of this, I’ve been able to develop a profound understanding of the value, as well as the pitfalls of equity research. This article is intended to share with you some of the most important lessons I have learned, and guid ..read more

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