Things to Consider Before Buying a Company Car

Buying your first company car is an exciting phase of your business. It means that it has grown, allowing you to propel your business forward.  There are a lot of things you have to consider before purchasing one though. For example, you need to calculate the costs that come with it including fuel, car insurance, maintenance, and more. Here are some questions you can ask yourself before making that big decision:

1.)    Do you need a company car?

Think about what kind of business you have. If you’re a plumber or electrician, you will need the vehicle to transport equipment to job sites. If your occupation is a consultant, your car would be more of a luxury than a need.

2.)    How will the company car be used?

If the plan for the car is solely for business purposes, then buying one would make more sense because you can brand it appropriately. Remember, it will act as your mobile ad.

3.)    How will you pay for it?

Once you’ve made the decision, you now have to decide if you would want to buy it outright or lease.

Although your business might be able to purchase the car outright, you might want to use the money for other needs. You can agree to a specific leasing arrangement which will turn your purchase from a capital cost into an operational cost allowing you to improve your cash flow.

Here are your options:

Chattel mortgage – In this agreement, the financier will let you borrow the money to buy the business car. Once you make the purchase, ownership belongs to you. The financier takes out a mortgage on the car as a security.

Finance lease – Here, the financier will buy the vehicle you choose, and you rent it for a fixed number of months. At the end of the rental period, you have a choice to take ownership of the car, trade it, or extend the rental period.

Commercial hire purchase – Under commercial hire purchase, you are given full use of the car as long as you make regular payments over an agreed period. You only become the owner of the car after you’ve made the last payment.

Operating lease – It works like the finance lease. But here, operating expenses are covered in the contract, and you just return the vehicle at the end of it.

4.)    What are the other costs to consider?

There are other expenses that you have to consider when buying a business car. You have to factor in petrol, car maintenance, and insurance. Knowing the cost of each would allow you to see how it would affect your company’s expenses. Compare different car insurance in https://www.carinsurancecomparison.com/  to get the best deal.

5.)    Are there any tax obligations for company cars?

If your car is used primarily for business purposes and meets all the criteria of a work car, your company can claim GST credit for it. If the company owns the car, but you can use it for personal errands, you then apply the fringe benefits tax.

These are the things that you have to consider when buying a company car. It is essential to understand how making this decision can affect you and your business.

Better Retirement Preparation By Investing

Retirement is a time that needs to be prepared carefully so that one day we can still live worthy. For the generation that will face retirement must immediately prepare it well.

Not long ago, an investment company Capital Group conducted a survey entitled ‘Wisdom Experience’. Survey that saw the investment changes made by Baby Boomer generation from age 53 to 71 years, when entering retirement.

Performed APCO Insight in March 2017, it found five rules in the investment that are considered important for Baby Boomer. The rules are also important to understand for other potential investors.

As quoted Business Insider, Sunday(7/1/2018), the following rules:

1. Invest In Long Term

As many as 92 per cent of Baby Boomers think that they need to invest more to ensure retirement.

Four out of five believe it should invest consistently with a specific strategy. Then, 32 percent said they would change their strategy depending on market fluctuations.

The same thing also mentioned Warren Buffet in an article in the New York Times during the 2008 crisis. “In the long term, the stock market will grow well.”

2. Pay attention to what is invested

As many as 94 percent of pensioners say they want to understand what they invest. While 78 percent think that a simple investment with low risk is better in the long term.

3. Investment on Various Things

As many as 85 percent say that diverse investment is essential for a safe retirement. In other words, it should not invest all of its money on one type of investment like Bitcoin.

4. Protect Yourself from the Market Slump

About 80 percent said the importance of protecting investments and reducing the risk of losses when the market plunges. While 30 percent hope to know what to do in the face of such circumstances.

5. Saving More Early and Often

Meanwhile, 79 percent suggest to set aside monthly income for savings. As many as 60 percent of respondents also said the importance of investing since young.

Although young investors think that investing early on is very tedious, it can be more profitable.

Ethics In Business And Accounting Decisions

business ethic photoDepending on the type of business, the facts and circumstances surrounding accounting decisions may not always make them clear cut, and yet the decision may determine whether the company shows a profit or a loss in a particular period! What are the factors that influence business and accounting decisions, and how should these factors be weighed? Generally, three factors influence business and accounting decisions:

The economic factor states that the decision being made should maximize the economic benefits to the decision maker. Based on most economic theory, every rational person faced with a decision will choose the course of action that maximizes his or her own welfare, without regard to how that decision impacts others. In summary, the combined outcome of each person acting in his or her own self-interest will maximize the benefits to society as a whole.

The legal factor is based on the proposition that free societies are governed by laws. Laws are written to provide clarity and to prevent abuse of the rights of Individuals or society. Democratically enacted laws both contain and express society’s collective moral standards. Legal analysis involves applying the relevant laws to each decision, and then choosing the action that complies with those laws. A complicating factor for a global business may be that what is legal in one country might not be legal in another. In that case, it is usually best to abide by the laws of the most restrictive country.

The ethical factor recognizes that while certain actions might be both economically profitable and legal, they may still not be right. Therefore, most companies, and many individuals, have established standards for themselves to enforce a higher level of conduct than that imposed by law. These standards govern how we treat others and the way we restrain our selfish desires. This behavior and its underlying beliefs are the essence of ethics. Ethics are shaped by our cultural, socioeconomic, and religious backgrounds. An ethical analysis’s needed to guide judgment for making decisions.

The decision rule in an ethical analysis is to choose the action that fulfills ethical duties responsibilities of the members of society to each other. The challenge in an ethical analysis is to identify specific ethical duties and stakeholders to whom you. Owe these duties. As with legal issues, a complicating factor in making global ethical decisions may be that what is considered ethical in one country is not considered ethical in another. Ethical training starts at home and continues throughout our lives. It is reinforced by the teaching that we receive in our church, synagogue, or mosque; the schools we attend; and by the persons and companies we associate with. A thorough understanding of ethics requires more study than we can accomplish in this book. However, remember that, when making accounting decisions, do not check your ethics at the door.

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Keys To Good Accounting Practices

Keeping Good Records
One of the ingredients of good accounting practices is keeping proper records. No matter how small or large a business, it is essential to have a filing/storage system in place to store all financial records. Financial records include receipts, invoices, bank tellers, cheque stubs, withdrawal slips, bank statements etc. With the advent of online banking, emails and other forms of online communication, more businesses are storing their accounting information in virtual form. More invoices and receipts are now sent by emails to reduce carbon print, whilst more payments are been carried out online than ever before.

Despite the advancement in technology to aid accounting communication, it is essential that all form of records is kept safely for easy access. This is crucial for accurate financial reporting and business decision making. If a business stores more information on IT systems than files, then a back-up system is important for added security of data. Filing systems must be easily accessible preferable in chronological order. It might also be necessary to keep records of incoming paper-format financial information on a system as back-up.

For taxation purpose documents – paper or computer generated must be kept for a minimum of five years after the end of the accounting period of the business.

Accounting Systems
Accounting services vary from business to business; some companies prefer to outsource their accounting to an accounting firm or freelancer accountant. Another option is to hire staff to carry out all financial functions in-house whilst some small business owners choose to perform these accounting functions themselves.

The accounting system a business chooses must be able to meet the needs of the business. A small business might be better off hiring an accountant, rather than invest in a system there will be no time to operate. A large organisation might be able to afford a good accounting package, but the system will be of no use if there is no competent staff to operate it. For effective accounting, businesses must ensure they match their accounting needs with the appropriate system including outsourcing options.

Monitor Information
A business account is like the flip chart at the end of a patient’s bed which shows the vital signs of that business. To keep the business vitals in good condition, businesses should constantly appraise their financial status to ensure a good book balance.

Most medium to large organisations carry out a monthly, quarterly or regular form of management accounting exercise. These reports are for internal use and it enables the business to identify its financial position on a consistent basis. Though meant for internal purposes, it is an effective way to monitor performance and plan for the future.

Legal Requirements
Businesses must satisfy legal accounting requirements whilst in operation. It is also important that they meet the need of the various stakeholders in the company. These stakeholders have a legal requirement to certain financial information, which must be presented in an acceptable format.

Accounts Statements must also be prepared and filed with the relevant Government bodies – in the UK these are HM Revenue & Customs, Companies House and the Charity Commission. They must be in the right format and submitted by the deadlines set by the authority concerned. Failure to file accounts in the right format and at the right time may result in a financial penalty, except in extreme circumstances.

It is therefore essential that an appropriate book-keeping system is in place to ensure information is captured accurately and efficiently. It is also crucial that businesses have “best practice” policies in place to ensure accounts personnel complies with legal requirements.

Account Personnel
Competent accounting personnel are as valuable as the information they provide. Most businesses require the assistance of experienced accountants to collate and file their accounts. Medium to large companies generally recruit their own personnel to look after their company accounting processes. With the credit crunch hitting businesses profit margin, a lot of businesses are outsourcing their accounting services to external firms. Some of the main advantages of outsourcing are the reduction in staff related costs and the wide range of expertise gained from reputable accounting firms.

Whatever product or service a business provides, ethical accounting practices will ensure a business is able to identify its financial position and plan according to ensure its survival and longevity.

Compelling Tricks From Semalt – How To Block Google Analytics Referral Spam

Google Analytics referral spam has become increasingly popular in recent months because of its adverse effects. That has the ability to weaken your sites and their authenticity within minutes. A referral spam takes place when your website receives a large number of fake hits and spam bots. You might feel that those are legitimate hits, but they are actually not. Google Analytics referral spam is something you need to pay attention to as early as possible. It will get your site a lot of traffic, but that is good for nothing and can lead Google to disable your AdSense. It will not let you earn money on the internet as a marketer or businessman.

Frank Abagnale, one of the leading experts of Semalt, describes some secrets of referral spam blocking.

Check your Google Analytics every day

It is important to check your Google Analytics and prepare your reports every day. If your results seem to be unfamiliar or you feel that your site has been receiving fake traffic, this is the time to take measures. If your site receives odd traffic, you should think of blocking Google Analytics referral spam and all those IPs from where these referral programs have come. The people that run such websites know the tricks of getting their URLs show up in your Google Analytics data. They use a variety of techniques for this purpose, which range from malicious to deceptive. Most often, their goal is to get your site fake visits and traffic which is something you would feel to be legitimate. Based on their entries, they might damage your site and unlock its articles. One of the easiest ways to get rid of them is by enabling your cookies. Insert cookies on your site and always receive information from users, their profiles, and their devices whenever they visit your site.

Even when they look legitimate and reliable, helping you to come on the first page of Google, you should never rely on them and their results. They will provide you with specific codes and will ask you to insert those codes on your site. Staying away from all such tactics and tricks is important.

How to Filter Out Google Analytics Referral Spam

The filtration of Google Analytics referral spam can be done when you block all of these sites: monetizationking, rank-checker, cookie-law-enforcement, law-enforcement-check, social-buttons, fix-website-errors, keywords-monitoring-success, free-video-tool, magicdiet, ownshop, site-auditor, and other ones.

The good news is that you can block referral spam on a regular basis. You can also adjust your settings to prevent their arrival in future. Let me here tell you that most of the referral spam does not actually visit your site. In fact, it is a way to trick your AdSense and Google Analytics. The ghost visits mean your site doesn’t receive real people to read and check your content. Thus, it can affect your total sessions, time on the website, bounce rate and conversion rate. Majority of the site owners believe that Google Analytics referral spam is user-friendly, but it is actually not. It infects hundreds to thousands of websites every day, and there is no way to get rid of it by the whole. What you can do is block their IPs and create filters. Google has provided its users with a developer tool named as the Measurement Protocol. You can use this tool to check if your site is receiving legitimate traffic or not.

4 Lessons Learned: Movers

Locate the Best Company when Moving in Memphis There are numerous reasons why people need to move or relocate to a new place and these consist of education purposes, job transfers or personal reasons. Moving or relocating to any place is never a simple task because you need proper planning before anything else. You need to have all the essential information regarding the cultural background, the language spoken, the climate, the surrounding areas, and the standard of living of that place where you intend to live or even just stay for a while. When moving in Memphis, you need to make use of the services of an affordable moving company to minimize the stress of going through the whole process of going to a new place. You can come across a number of directories that provide a listing of companies that offer these services state by state. Most of these moving companies also specialize in moving or relocating to Memphis. One of the major metropolitan cities in the state of Tennessee, Memphis is also known by the name of “Bluff City” and this is because of the high banks that overlook the Mississippi River. Many people choose to relocate to this city because it offers a relatively cost of living that is attributed to its temperate climate, greenery and state of the art amenities. It can be one place to consider if you are one of those who are looking for a new environment where you can relax while enjoying the place.
Overwhelmed by the Complexity of Resources? This May Help
Moving companies have their own areas of expertise with the services they provide and these comprise real estate while others are into moving and packing. These service providers who concentrate in real estate can assist you in buying and selling properties in Memphis. You can find their websites that hold information regarding tax statistics and insurance rates while useful links are provided for local colleges and universities as well as other places for tourist attractions. Many relocation service providers in Memphis even offer mortgage and home loan assistance.
The 10 Commandments of Moving And How Learn More
Memphis has a wide variety of affordable housing to pick from in order to suit nearly any lifestyle. There are upscale houses that comprise high-rise apartments and renovated downtown lofts that face the river. There is an endless array of houses to select from, like single family homes in the metropolitan, suburban and rural areas in the city. An ideal moving company in Memphis should be able to provide information to locals, tourists and visitors who are interested to relocate in Memphis. Its staff can offer invaluable assistance also for corporate relocation on top of management of corporate-owned homes. You can get estimates and free quotes on numerous relocating services in order to compare prices and even the cost of living in the area.

Save your business from huge energy bills with Business energy price comparison

In the average household, the energy bill is normally one of the single biggest monthly outgoings and rising energy prices mean that’s not going to change any time soon. However, even a home energy bill is dwarfed by the energy requirements of even the smallest company so it’s very important that businesses make sure that they are paying the right amount of money for their energy. What amounts to small savings when switching residential energy can become a much bigger saving for a big company.

Of course, nobody wants to pay more than they absolutely need to for energy, and the cheaper you can make your energy bills, the more profit your company can make. The good news is that making a few very simple changes to how you approach your energy usage can make a big difference to your overall costs. Here’s some of the biggest changes you can make:

Compare and switch business energy – Don’t make the mistake of thinking that comparison and switching is something that only benefits residential customers. Business energy price comparison is a vital part of keeping your energy costs low for your company. Where your business is based and the size of your business are the biggest factors in determining how much you’ll end up paying, but it’s crucial that you shop around. There’s a large number of business energy tariffs available from more providers than you might think, and simply going with the first offer or the biggest brand name is unlikely to net you the best deal.

Get a contract – If your business has just started up or recently moved, there’s a good chance you may be paying rates on an ‘out of contract’ basis, which is usually significantly more expensive than average contract rates. You can reduce your energy bills by nearly a third by switching onto a service contract if this is the case, but again, make sure you to compare before you move to any new contract! Always find out the exact renewal date of your supply so that you can make sure to continue to compare and switch at that point, as most business energy providers will automatically place you into a new contract at the end of their existing one unless you opt out.

Switch your lights – It’s the classic advice that we’ve heard over and over again, but when you have a medium or large business, switching to low energy lighting can save thousands of pounds a year. Not only do these bulbs use less energy, they also last over ten times longer so you don’t have to worry about replacing them so often. Technology for low energy bulbs has also advanced considerably in the last five years, so don’t assume they will be dingy and uninviting until you’ve tried them out!

Invest in timers – Relying on every single employee to be energy efficient might be noble, but in reality it’s probably costing you a great deal of money in energy from devices being left on overnight. Investing in timers that make sure that all computers and electrical devices are switched off outside office hours can ensure that your company remains energy efficient when there’s nobody in the office.

Royalty-free Icons For Business And Financial Software

Developing a software or online application for a business? Today’s usability guidelines in graphical user interface design demand the use of matching, easily recognizable icons even in database-style financial applications.

Requesting custom-made icons from a professional design studio or employing a designer to make the icons in-house can give you a nice-looking set, but associated costs and possible delays make this method unpractical. Ordering royalty-free icons from a reputable company might be a better idea if you are on a budget and/or have tight timeframe or a deadline is approaching. Ready-made icons are handily available for instant purchase, allowing you to save significantly due to the usually low costs of images. Before ordering, you can always view what you are about to get, and have an option to choose among dozens of offerings.

The set of Accounting Toolbar Icons by Perfect Icon includes more than 130 accounting and bookkeeping icons tailored to applications and Web-based products for bookkeepers, accountants and financial services. Designed as a matching set, Accounting Toolbar Icons are perfect for creating professional, uniform looks throughout software applications or Web sites.

The set of royalty-free financial icons includes more than 130 downloadable images including the Dollar icon, Money icons, and icons depicting various financial objects and symbols. There are icons for Accounting and Bookkeeping, multiple icons depicting the world’s currencies such as Dollar icon, Pound icon, Euro and Yen icons. Financial icons include Money Bag, Exchange, Currency Conversion, Trade, Capital Gain, Insurance, and many other symbols for the financial sector. There are icons for Report and Book, Card Index and Documents, Folder and Employee among many others.

Accounting Toolbar Icons are available in a wide number of sizes, including 16×16, 20×20, 24×24, 32×32, and 48×48 pixel images. The library of financial icons contains images with multiple color depths, including semi-transparent True Color and 256-color variants. Three different styles are included with every purchase: normal, disabled, and highlighted. File formats include Windows Icon (ICO), Bitmap (BMP), GIF, and PNG for easy integration with Windows applications and online projects.

It is free to preview the royalty-free set of financial icons. Have a free peek at perfecticon.com.

Why you need ERP accounting software for your business

Enterprise resource Planning (ERP) provides an information system that co-ordinates all activities and resources of your business venture. It enables your business maintain a single database of information related to activities like manufacturing, supply chain management, human resource, customer relationship management and financial transactions. ERP support for your business can be of a common database type or can have a modular software design. Common database ERP support aims at storing and retrieving easily accessible, reliable and shared information for every department of your business. On the other hand, ERP software applications having modular design provide specific application for a specific department and keep the end open for collation and proper analysis of the gathered information.

Installation of ERP software at your business venture offers scores of advantages. With ERP support, you can have a common interface for different departments of your business. It can help you to have the best way to make your product/service through design engineering. Tracking information related to orders, revenue cycle, purchase orders, cost and profit is made easier with the help of ERP accounting software. These packages also help you to add security features in your business against both outside (industrial espionage) and inside (Embezzling) crimes. It makes your business immune to data theft.

The cost and functionality of ERP software packages vary a lot depending upon the purposes they are serving. Some software vendors have come up with small business ERP to cater the needs of small scale business ventures at a budget-friendly price. With online search, you can easily figure out a reliable ERP accounting software vendor who offers quality solution within your budget.

Antje Wilmer heads the IT division of a leading manufacturing business and loves to share his experience with others through articles. He specialises in writing informative articles on online CRM Solutions and Accounting Software.

Why Outsourcing Accounting Service is the Smart Choice for Small Businesses

If your precious time has been taken over by accounts and figures, it is the right time to outsource your accounts. Be it a small business or a big organization, every business need to undertake basic bookkeeping and accounting because they are integral part of every organization. The accounting department is the center of the organization as it is the place where every penny spent by the firm is accounted. Proper handling of funds is essential for the smooth running of any business. Thus, efficient account department is extremely important as the accounting information generated by accounting reports are an indication of how well a business is doing. Keeping small business accountants or bookkeepers full time, turn to be more expensive. In order to avoid such overhead expenses, outsourcing accounting service is a viable option that not only helps in reducing costs but also offers an array of services.

Financial accounting is the constant headache for most of the businessmen and here small business accounting service works. If you are a small company owner and you have a myriad of concerns from administration down to non-core functions, accounting outsourcing takes over all the accounting needs of your business and thereby allows you to focus on your core business’ productivity. In addition to save you time, outsourcing your accounting has more advantages.es.

Outsourcing is the great way to ensure accurate financial reports without spending a significant amount of time. Accurate financial reports that are reliable are crucial for drawing capital for business.

They act like a one stop shop for all your bookkeeping requirements and provide services like billing customers, keeping track of bills, etc. Timely bookkeeping of accounting services ensures all your finances are updated and thorough.

Bookkeeping companies help you to focus on core business.

Outsourcing such services makes it possible to view all your company reports online, which help you to take management decisions easily.

Apart from that, Bookkeeping service can offer financial assistance like how to save more, how to equip your organization for expansion, more money flow, etc.

Another great advantage of outsourcing is you can get experts along with world class technology at affordable price. The bookkeeping services provide expert management of all bookkeeping works. This will increase customer satisfaction and thereby helps developing the business to a great extent.

In a nutshell, if you are running a small business, cost cutting is the key aspect you look for and outsourcing accounting services is an effective way to achieve this. Outsourcing services from professionals is the best way in making a business successful in a long run. Outsourcing accounting services save you a lot of time, effort and money.