FINANCIAL MANAGEMENT FOR YOUR NEW BUSINESS

Many small and medium business organizations do not employ cost accountants. Start-up companies can never afford even to employ a receptionist – let alone an accountant. However, every company has to prepare a balance sheet and a profit and loss statement at the end of a financial year, irrespective of their size or profit margin. All companies need to pay taxes, file tax returns, pay salaries, bonuses to employees, and dividends to shareholders. Only a professional and qualified accountant will be able to carry out the background accounting work required for these tasks.

 

The accountants are good at number crunching and can save some amount in taxes for the organization. However, some business owners compare the money saved on taxes with the amount paid to the accountant’s service. Under normal circumstances, a small organization or a start-up cannot afford a higher profile accountant. Most such companies look for auditing firms that charge reasonable cost accountancy fees. However, since their resources are limited, rarely will they find a competent and reliable accountant who charges a reasonable fee.

 

The following are some tips for all organizations that search for accountants who charge reasonable cost accountancy fees.

 

Search Locally

 

One might have heard of famous accountants. They are reliable, but will probably cost a fortune. Moreover, star accountants may not be interested in working in small firms. They usually send junior accountants for such jobs.

 

Therefore, for small and medium firms, it is better to hire a not-so-famous accountant. The accounting procedure of these firms is often not too complex and may not require an accounting stalwart. Therefore, small and medium business owners may search for local accountants who may not charge a fortune, but do the accounting job just as effectively.

 

The Internet Option

 

The problem with qualified and competent local accountants who charge reasonable cost accountancy fees is their visibility. They cannot afford innovative marketing and advertisement campaigns. It will be extremely difficult for a person to spot local accountants even if they live close by.

 

The emergence of the internet has actually created several brand-new opportunities. Since accounting is a computer-friendly and software-compatible job, the number of accounting firms on the internet is increasing. You can search the internet for auditing websites that charge reasonable cost accountancy fees. However, make sure that you speak with the accountant in person or by telephone before sending them the job.

 

Find An Accountant On The Internet

 

Most accounting websites are set up by top accounting and auditing firms. So, what if one wants to find local accountants on the internet? There are websites that act as a platform between buyers and sellers of accounting service. Qualified accountants can register on these websites. A firm that requires accountants posts its requirements on these websites. The registered accountants can bid for the particular job. The owners of the firm can then evaluate the bidders and select a suitable accountant.

 

This is a cost-effective and hassle-free way to select a competent accountant. For registering in these websites, an accountant should be a member of the Association of Chartered Certified Accountant (ACCA). This requirement ensures that only serious and qualified accountants bid for the jobs.

 

 

HOME BASED BUSINESS

A house business (or “home-based business” or “HBB”) is a small business that operates from the business owner’s house office. In addition to location, house businesses are usually defined by having a very small number of employees, usually all immediate family of the business owner, in which case it is likewise a family business. house businesses generally lack shop frontage, customer parking and street advertising signs. Such businesses are sometimes prohibited by residential zoning regulations.The prospect of working from house has actually gained credibility over the years. house offices can now compete along with small commercial businesses and save on rent in the process. Faxes, high speed internet connections, dedicated house telephone lines, and cell phones help to make a home-based business a reality. Earlier home businesses had been where families lived on the second floor of their home while converting the first floor into a store, whereupon close of business they would certainly secure the first floor and retire to the upper floors. This type of house business is still done in some rural areas.The concept of homebased business, as opposed to the previous terminology of “cottage industry”, first appeared in 1978. The phrase was coined by Marion Behr, the originator of a study to find out what businesses women throughout America were carrying on in their homes. The preview edition of Enterprising Women wrote about the search to gather information pertaining to house workers throughout the nation. Lots of magazines¬† and organizations helped to disseminate information regarding the study. Ultimately 40,000 letters were received, lots of indicating the problems the respondents experienced while carrying on businesses from their homes. The problems were analyzed and confronted in two ways. In 1980 the National Alliance of Homebased Businesswomen was founded to combat the isolation expressed by the respondents as well as to fight the laws which made conducting their businesses difficult. Then Women Working Home: The Homebased Guide and Directory by Marion Behr and Wendy Lazar was published.It contained the stories of lots of women who ran home-based businesses throughout the country in lots of diverse fields, as well as information on business formation, conduct and compliance along with the law. It sold 50,000 copies. During this time lots of national magazines wrote about these issues.At the White home Conference on Small Business in 1986, one of the major resolutions was a recommendation favoring lifting restrictions on home-based business.

BUSINESS OPPORTUNITIES FOR WOMEN

Internet business opportunities are a great way to make a good living from home. There are a few key things that you should consider before joining one, to make sure that you are not just wasting a bunch of your time and money on the wrong business.

 

One of the main keys to look for in an Internet business opportunity is the legitimacy of the business. Some scam artists love to set up fake businesses to scam people out of there hard earned money. A good way to avoid this is to do a search on YouTube or Google along with the businesses name in the keyword and see what people are saying about the company. Make sure that people are getting paid what the business promises and make sure they are getting paid on time. Likewise make sure the company is based on a real product or service. If it does not have a legitimate product or service, do not join them.

 

Another key to your victory with Internet business opportunities is whether or not they have a good business building system in place. If they don’t then it usually will take more time and money to build the business than what its worth. If you have a good business building system then it takes much less time and money to make good money with that business. A good system will be like rocket fuel for skyrocketing your business into outer space.

 

You can do tons of research and waste a lot of time finding a good legitimate Internet business along with a good business building system, or you can take a short cut and check out one of the very best Internet business opportunities along with the very best business building system ever found that will save a bunch of your precious time and money; just click on the banner below.