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Monthly Archives: December 2016

Choose a Small Business Accountant

Whether you are new in business, or your current enterprise is expanding to the next level, chances are that at some point you will be on the look out for accounting firms that will be able to assist you with your financial questions and be able to help you deal with obligations such as payroll and taxation.

When choosing an accountant to work with, it pays to bear a number of things in mind before you make a final decision. These can ensure that your business’s needs are fully met and that a great deal of the stress related to financial aspects of running a business is alleviated.

Firstly, it is important to ask yourself if location is significant to you. It may be crucial for you to be able to choose from accounting firms in your local area in order to be able to have face-to-face contact with your accountant. However, there are now a number of other options available.

Thanks to the internet, there are growing numbers of highly professional accounting firms who operate online, utilisingcloud-based technology to collaborate with their clients. This can expand the number of possibilitiesavailable to you, and you may be able to find a non-local service that is tailored both to your type of businessand your budget.

Next, make sure that the professionals working for your shortlist of accounting firms are fully qualified in their field of expertise. Many people can claim to be accountancy experts but can lack the necessary certification. If necessary, ask for visual proof of any qualification, and verify what the actual title bestowed by any certificate means in the way of training undertaken and areas studied.

It is also worth asking for client references, including testimonials from those who have a business of a similar size or structure as yours. Happy customers will not hesitate to share their positive reviews of a service, so if accounting firms can provide these then you are well on your way to finding a match.

If you are a small business, it helps to remember that there are many accounting firms that specialize in assistingenterprises such as yours. These firms will be more able to advise you on thefinancial issues thataffect small and medium business than accountants that normally only deal with big business.

Seeking out an accounting specialist for small business is likely to be the right choice if your business falls into this category. However, this does not mean that all small business accounting firms are guaranteed to be right for you.

When choosing you accountant, consider their approach to delivering their service. Do they welcome urgent telephone enquiries throughout the working day at no extra fee? Or do they prefer to deal with you by email and respond within a set timeframe?

Although often overlooked by people considering different hiring accounting firms, the methods of communication available are important, and should ideally be suited to your own preferred contact method so you are able to get all questions answered in a way that matches your needs and requirements.

Last but not least, look at the fees that your chosen accounting firms charge. Your budget is an important consideration and it isessential to check if the firm intends to charge you for those ‘little extras’ such as the emergency telephone calls mentioned earlier. Look for a firm that offer all-inclusive packages for a fixed price, or one that can give you a quote for a tailored service.

These are just are just some of the factors that are important to consider before hiring from any number of accounting firms in your local area or online. Ultimately, a deep understanding of your own needs and those of your business will equip you with the knowledge to recognise the perfect match for you when it comes to choosing an accountant.

Different Types of Secured Loans

At times, you will be in an emergency wherein you will require a large amount of financial aid. In such an even, you can apply for a loan. You can either apply for a secured or a non-secured loan. Between these two options, the secured loans will provide you with the ideal rates, better repayment options and even a short application process which is required during an emergency. Additionally, since you are providing collateral, you can negotiate for a better principal amount. Some of these secured loans include the loan against gold items, securities or even property. Here we will give you information about each option.

Gold Loan

Loan against gold is one of the most favourable options when it comes to the secured loans. This is due to the fact that many individuals, especially in the country believe in investing in gold for economic and cultural aspects. Many families invest in gold jewellery, coins, bars or even other items for various auspicious or special occasions. During a financial emergency, an individual can easily apply for a gold loan just by exchanging these gold items. One of the major benefits of this account is that, the application process is short. Once these items are verified and the value of the gold confirmed, this will be provided at most of 85% of the confirmed value. It additionally comes with beneficial interest rates and easy repayment tenure.

Loan Against Securities

Like the loan against gold, loan against securities is another option during any financial emergency. You can consider this option if you have invested in shares or stocks in beneficial options, which you can afford to liquidate during an emergency. Additionally, if you can repay the amount in the given repayment tenure, you can easily opt for this option. The amount you can get from the securities and stock depends on the valuation, margin allowed by the bank and your past credit history. You can get at most 70% of the value of pledges you have invested in the bank. Once you pledge your shares with the bank, you will be issued a current account The advantage of the loan against shares is that you will be charged interest only on the amount you withdraw from the account. Additionally, you will be charged for the duration of the time the funds are utilized.

Loan Against Property

Like the gold loan and loan against security, the loan against property is another option for a secured loan. In this option, the borrower will provide his home as a form of security. However, the ownership of the property is still under the borrower until he can repay the lamount. If you have all the necessary papers and insurance for this option, you can easily apply for a loan and get an amount of at most 80% of the value of the house.

The Commercial Finance Industry

Facts about the commercial finance industry

  • There are more than 28 million small business in the United States of America and amongst these, more than 22 millions are self employed
  • There are millions mid-sized businesses as well
  • Each year, more than 10-12 million businessmen seek capital funding
  • Also, each year about 7-8 million do not get it
  • Loans for small business have fallen

All these prove that there is a huge gap between demand and supply as far as capital is concerned. This gap can only be fulfilled when there are enough lenders in the industry and more importantly, when the borrowers are able to reach to the lenders.

It is not easy to get secure loans these days, though there are many financial institutions out there ready with varied loan options. There are many formalities and many rules and regulations those make it difficult for borrowers to seek loans from these agencies.

Apart from that, the options in terms of the demand are really less and hence, it has been estimated that 90% of the small businesses are in need of your financial services.

Why opt for Global Financial Training Program?

As already mentioned, there is a huge gap and that can only be fulfilled, when more and more financial companies come into the industry.

By opting for this program you can open your own financial company without any risk and earn a whooping 6 figure income in a month. You will also be helping millions out there who are in need of capital.

You will enjoy a safe and secured income. You do not work as a franchise and you enjoy lifetime support.

Make a Career in Quantitative Finance

Making a career in quantitative finance usually means getting hired by an asset management firm, a specialized software development firm or an investment bank. You will have to have to start your journey from any one of the business types mentioned above even if you have set better goals for yourself.

So, what exactly you should do to become a quantitative finance expert as far as your education is concerned? The list below will tell you about the kind of academic qualifications you should have for becoming a qualified quant.

Like any other respectable profession, you’ll need an undergraduate degree. The degree should be preferably in computer science, engineering, physics or mathematics. Whatever might be the course, it should have a mathematical component.

If you want to get a better paid job, we would suggest you to get a postgraduate degree in the same subject you studies during graduation. Getting a post graduate degree is even more important for individuals who want to make a career in quantitative finance, but has not studied any of the four subjects mentioned above during graduation. For those people, there’s always an option of studying computer science or computer applications when doing masters.

You can also do your maters in financial engineering. This subject is directly linked with quantitative finance and will educate you about all the significant areas of this field including stochastic calculus, probability/measure theory, derivatives pricing theory, and a range of programming languages.

If you don’t have enough time to study or wait more before you begin earning, but have the desire of becoming a quant, you will have to learn the following subjects by heart.

  • The first subject you will have to learn is probability. It’s the most basic aspect of quantitative finance. If you don’t comprehend the probabilistic concepts, you will never be able to work effectively as a quant.
  • Next, you will have to learn stochastic calculus. This is a tool all quantitative finance experts need for manipulating the widely talked-about Black-Scholes model. For those who don’t know: manipulating this model often becomes necessary for derivatives pricing.
  • The next subject you must learn is statistics. Your statistics intuition must be of high level for you to achieve success as a quantitative finance expert. We would suggest you to work under an experience professional of this field for a few years to develop knowledge about statistics. You cannot become an expert statistician just by reading books; having practical experience is a must.
  • The final things you must concentrate on are programming languages. If you want to work in a bank, learn C++, C# and Java. If you have the desire of working in an asset management firm, we would suggest you to learn MATLAB, Python, R and C++.