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Business

Potential Accounting Mistakes and What You Need to Do

February 1, 2019 by Tristan Leave a Comment

 

The last thing you want to happen is to see that your accountant did not do your taxes right. Upon submission to the related government agency, you will be in trouble if they notice these mistakes. You will be lucky if given a chance to correct the errors; otherwise, you might get fined. Worse, the government might ask you to cease operations and revoke your licence. These are some of the possible mistakes that an accountant can make and what they need to do.

Amended returns

You can tell your accountant to file an amended tax return as soon as you notice the problem, or the government agency does. The accountant can make some corrections in the original tax document. Filing amended returns will reduce your penalty if any.

Report to the tax agency

It is one thing to have a few mistakes in a tax document. It is not normal if the government notices dozens of errors. You can file for bad accounting with the tax agency and complain that the firm you hired to do the job messed it up. The tax agency will then take the necessary actions to penalise the firm. You can ask someone else to correct the documents. If you have missing payments, you still need to comply with the requirements of the government.

Fraud

Do not dare to defraud the government with your tax filing since it will most likely discover what you did. The worst thing would be if you contrived it with your accountant, and the accountant agreed. Both of you will be in trouble, including the firm the accountant works for. You might also receive a hefty fine for what you did. Yes, it is irritating paying taxes. You do not want a significant portion of your profit to go to taxes. You cannot control how the government spends your money, but it is how the law works. You can join activist groups that try to change these unfair taxation laws, but you cannot defraud the government. If you want your business to continue, you need to be truthful about your tax returns.

Calm down

You might feel worried about your tax returns and the mistakes committed. If you acted in good faith and you did not notice these mistakes before submission, you can make corrections. Even huge companies commit the same mistake, and the government forgives them. There is no reason for the government to be tough on you especially if you acknowledge the mistake and say that it was unintentional.

If this problem happens several times, you might want to start looking at a new accounting firm. Even if you have several chances from the government, there might come a time when you will start getting severe penalties and warning of closure. As such, it helps if you look at potential accountants Central London offers who can work on your taxes from this point onward. Find a firm that you pay per project so that if it screws up, you can move on to a different firm.

To read more on topics like this, check out the business category.

Filed Under: Business

The Elements of a Successful Partner Marketing Strategy

January 28, 2019 by Tristan Leave a Comment

 

A steady stream of new prospective customers is a must to get ahead in the sales industry. However, making those connections can be challenging as an outsider. One thing that can make it easier to reach new customers is to form relationships with other businesses that already associate with them. This practice is known as partner marketing.

The partner with no established connections within a company or group benefits from the trust the desired customer has already built up with the other partner. Of course, the relationship must be mutually beneficial for both parties for a partner marketing strategy to be effective.

Create a Profile of the Ideal Marketing Partner

It’s important for the company wishing to work with a marketing partner to understand exactly what they expect from the arrangement. A good way to help clarify this is by writing down what the prospective partner organization does especially well that the other company would like to learn.

When deciding who to work with, scoring the potential marketing partner on performance and industry standards can help to create a shortlist of possibilities. At a minimum, the partner organization should have a dedicated marketing function. This protects the opportunity for sales representatives from each company to continually enter new geographical regions and markets.

Incorporate These Components to Create a Successful Partner Marketing Relationship

Even when channel partners have the technical specifications they need to sell another company’s products effectively, they may lack understanding of why the other organization sells products in a certain way. For example, the outside organization would not be privy to details about which products typically sell well and which ones require much more customer nurturing unless the partner informs them. This will provide the partner organization with greater insight when making sales calls that will ultimately benefit both parties.

Remove Any Barriers to Partners Accessing Resources

Marketing partners can only be successful if they can regularly access the tools they need. Some examples include sales training videos, product samples, email marketing campaigns, pitch decks, and recommendations for SEO best practices.

Except for physical items such as product samples, the company sending out partners on its behalf should consider making everything available in one central online location. The person accessing the portal can then print whatever he or she needs for the next sales call. On the other hand, having to hunt for resources will frustrate the partner and take unnecessary time away from selling to customers.

Strive for Frequent and Open Communication

Both parties in the partner marketing relationship must communicate clearly and often to help ensure that future deals go as smoothly as possible. The team selling products and services would surely appreciate timely tips that help them work more efficiently. A weekly email or meeting via Skype or conference call is the perfect opportunity to discuss new products and procedures as well as address any challenges. Meeting in person periodically for a business lunch is another way for the team to stay connected and reaching for the same goals.

It takes significant effort at the front end of the marketing partnership to make a good connection, but the rewards typically make up for it in short order.

For more business advice from the Street Talk Live blog, click here.

Filed Under: Business

PDF Editor And Promissory Note Template

January 28, 2019 by Tristan Leave a Comment

 

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Promissory Note is a legal instrument is a pledge in writing to assure a payment of specific amount of to the receiver (the payee) by an individual or entity (the issuer) in a fixed period of time and rate of interest if applicable with other terms and conditions. The history of Promissory Note roots back to almost 118 BC. It is stated that, back then, the notes were made of leather. Gradually, as human race evolved with technology and other aspects there were many changes seen in this instrument. In modern times a promissory note are written on paper.

However, today, everything is digital, hence, you can also create a promissory note digitally on Movavi PDF Editor. You just have to log in to your account select from the promissory note templates and insert the details viz. name, number, amount, ROI and other crucial details in to the PDF template. You can save it for future reference related to Taxation or reconciliation. You can print it or send it via email. The template has all the legal point that is to be mentioned on the promissory note. Nevertheless, you can always add or remove any of the points that don’t fit your requirement.

There are certain things that you will need to be cautious while creating the promissory note on the template:

  1. You need to calculate and be sure of the exact amount that is to be filled on the note. This can be easily done according to your agreement on the principal amount and the interest that is to be levied.
  2. You will need to study and analyze all the terms and conditions and will have to amend it according to the repayment options discussed between you and the payee. For example, the calculation of the interest will be based on your and payees mutual consent i.e. simple interest or compounded.
  3. Double check all the filled details to avoid any glitch.

Movavi Promissory Note maker enable you to draft a flawless promissory note. With numerous options available you can choose he best suited template for you. You may follow this link to check out the remarkable tools of the PDF pdf.movavi.com/promissory-note.html. You will have more tools than expected to draft a legal instrument. Now, even if you have made and saved the promissory note you have the legacy of editing it at any time in PDF Editor. You can easily add your signature or company seal (digital) to the instrument. It is actually simple and smart way to have a digital promissory note drafted with least effort and printable format. You can then sign the template across the table and complete your deal with least efforts and time, which is usually consumed in making and proof reading of terms and conditions.

PDF Editor has made many fields and formats, in almost every industry, very easy by offering templates of various domains available for download and online drafting of documents. PDF Editor has lot many features hence, keep reading our articles for latest updates and insights on more features of this wonderful software.

To ready more on topics like this, check out the business category.

Filed Under: Business

Personal Finance Management Tips for Business Owners

January 22, 2019 by Tristan Leave a Comment

 

In business, the primary rule is to separate your personal finances from those of your business since you mixing these two could create a lot of confusion. You can’t use your personal money to fund your business once it is already operating, and you can’t use your business profits to pay for your bills at home. You need to remember these tips to avoid any kind of financial management issues.

Find other ways to pay for personal expenses

When you are running out of money, it is not right to look at your business for help. Even if you are telling yourself that you will return the money, you are still taking a risk. Get loans if you need the money right away. Your business needs to stay safe if your personal finances are not doing well.

Setup a retirement fund

When working for a company your employer will help take care of your benefits, including your retirement fund. However, unfortunately you don’t have anyone doing it for you as a business owner and therefore, you need to start thinking of how you can save money in the long-term. One of the ways is to start with the setting up of a retirement fund, as if you already receive significant profits because your business is doing well you need to be wise about how you use them.

Invest elsewhere

There’s no guarantee that the business will continue doing well forever and at some point, your company might start to fail and not make the same amount that it used to. As such, it is wise for you to invest elsewhere. You don’t necessarily have to start a new business since you can invest your money in other businesses by buying shares or being an angel investor. You might also want to get a new job that doesn’t require you to work full-time.

Budget your money wisely

Most people budget their finances monthly, however if your source of income is your business, there is no steady stream of income that you can rely on. There are months when you have high profits, but during off-seasons you might not earn as much. Therefore, when you budget your money based on the profits you gain, you need to consider the months when money is tight.

Automate bill payments

There are ways to stop worrying about recurring bills. You could automate them so that as soon as you receive profits, you can pay the bills which also saves time since you are busy with your business. Talk to your bank to help automate the payment of bills.

Don’t splurge when your business is doing well

It might be easy for you to celebrate and use your money in any way you want when you feel like your business is doing well. Of course you need to treat yourself for working hard, but you also need to recognise that your business will not always reach this level of success.

Find someone to help manage your finances

If you can’t deal with your finances because of the many things that you are doing as a business owner, you could find someone to do it for you. There are finance experts out there who will help ensure that both your business and personal finances are okay.

When you have someone helping you out you can focus on the essential aspects of your business like marketing, and start designing the exhibition stands that you will use in the next trade show that you attend. There is nothing wrong in seeking help when you feel like you already have a lot on your plate.

To read more on topics like this, check out the business category.

Filed Under: Business

Services Offered by Professional Removal Companies

January 22, 2019 by Tristan Leave a Comment

 

Moving can be very involving and stressful. To be able to move with ease, it is advisable to seek the services offered by removal companies in Gloucester. These companies provide a wide variety of services aimed at simplifying the moving process. It is essential to enquire about the types of services provided by such companies before involving them. The price charged when moving depends on how many of these services you need to hire. It allows you to choose between having a moving team do everything or just undertaking specific tasks.

House removals

This service entails moving household items to a new home. Removal companies load them on trucks and transport them to a new place. The move can be within the local area or a journey to another city or area. The movers are well trained and have perfect skills to quickly move your valuables; safe from damage and secure from theft or loss.

Furniture removals

When you need to move some furniture to another place, this service is ideal. Some pieces of furniture are costly and others very fragile. Other items need to be detached, transported and later assembled at the new place. Reputable removal companies offer all these services using great techniques and specialised equipment ensuring that your furniture gets to the destination in perfect shape.

Office removals

This service is mostly rendered to business clients relocating their offices. Make sure you hire a reputable company that understands business timeframes and seasons. Professional movers can move your office and still ensure that your business does not suffer losses. They have the right technology, strategies and equipment to handle office removals swiftly.

Packing services

Packing takes a lot of time and resources. To evade all this struggle, contracting a removal company to prepare for you is the best option. Movers have the necessary experience that helps them know which packing materials to use for what items. They have gadgets that assist in taping and wrapping quickly and know where to purchase all packing material in bulk. Timely packing means a rapid and well-coordinated move.

Storage services

Professional moving companies have storage units which clients can rent for short or long-term periods. An instance where this service is ideal is when you must vacate a property but have not found another one to occupy yet. You might also want some things stored for a short period as you arrange your new place. Transport can be delayed or even postponed due to unavoidable circumstances. Storage units are very secure with new security features such as CCTV surveillance. You are also able to access your self-storage unit at any time.

The best thing about hiring a removal company is the insurance coverage. Removal companies have insurance policies that cover any liabilities that may occur during a move. When looking for a removal company to hire, let this be your first priority. It will not only boost your confidence but also save you from any kind of loss or damage.

To read more on topics like this, check out the lifestyle category.

Filed Under: Business

More About Digital Marketing in 2019

January 7, 2019 by Tristan Leave a Comment

If you’re determined to use digital marketing to your advantage in 2019, simply continue reading to discover how Click Consult can provide a variety of innovative, effective ways to market yourself or your business this year. Continue reading to discover how Click Consult and Adbuz can provide a variety of innovative, 

More about digital marketing in 2019:

1. It’s crucial to set up multiple social media platforms

As marketing on social media platforms is quickly becoming one of the most effective digital marketing strategies which you can implement, it’s well worth making sure that

2. Make sure that your social media posts actually appeal to your target audience

It’s not enough to simply post on your social media accounts on a regular basis as your posts are unlikely to direct individuals to your website if they’re not appealing. So it’s well worth conducting a bit of basic market research to discover how your target audience ticks and what kind of posts they’re most interested in reading and engaging with.

As a bonus, if individuals identify with the posts which you publish, they will be more likely to share your posts on their own timelines or to tag some of their friends in your posts. Which will expose your brand to further potential new customers.

3. Focus more on creating advertisements for platforms such as Youtube than on creating TV advertisements

While in the past decades paying exorbitant amounts of money to get your TV advertisements played may be seen as a good investment, in today’s day and age it’s far smarter to get your brand’s videos aired online. As an example, it’s a great idea to pay to have the ads which you produce on Youtube. As most individuals visit Youtube on a daily basis.

4. Consider hiring help to manage your digital marketing strategies

If you find that its rather time-consuming to try and manage all of your brand’s digital marketing strategies yourself, you may want to consider hiring a digital marketing assistant or a social media manager. Both of whom will be able to handle many of your brand’s day to day marketing tasks for you, which will free up your time to oversee the overall direction and performance of your brand.

5. Encourage your happy clients or customers to leave positive reviews about your brand online

As most individuals check online reviews for businesses before they do business with a new company, it’s well worth encouraging your happy, satisfied customers to leave positive, glowing reviews for your business online.

To increase your chances of being able to successfully convince some of your clients to leave positive reviews online, you may want to offer your past clients rewards such as gift vouchers or percentage discounts, in exchange for honest online reviews.

6. Make sure to keep up to date with the latest trends

As an example, if a particular keyword or hashtag is trending, you may want to consider using it to your brand’s advantage. In order to increase the views which your digital marketing will attract.

If you follow the 6 tips listed above you should have no trouble using digital marketing to your brand’s advantage in 2019.

Filed Under: Business

Marketing Strategy Tips for Laptop Rental Businesses

January 5, 2019 by Tristan Leave a Comment

 

Succeeding in the laptop rental business is not going to be a walk in the park. Aside from attentively managing the business, you have to carry out your marketing efforts meticulously. It’s essential to come up with strategies that distinguish your business from competitors. It helps to learn from what others are doing and to be creative with your approaches.

Make sure your laptop rental business is on track for success by taking note of the following marketing pointers.

Highlight the advantages of renting equipment

To entice potential customers to try what you are offering, it helps to emphasise the benefits of rental equipment. Highlight the reasons why renting can be better than buying. Some companies or individuals may be in the process of deciding to buy their new computers, but they still don’t have the budget to proceed with the purchase. These are excellent target customers for your laptop rental business. They might urgently need the equipment, but they still don’t have the funds, so it’s likely that they would consider renting.

Focus on your target market

Your marketing efforts should be based on your target market. If you only want to attract customers in the nearby areas, your marketing will be mostly about using flyers, leaflets, posters, and banners. Advertising online may not be necessary. This does not mean, however, that you will no longer be using social media. Not using social media for marketing is a massive mistake. You have to tap into Facebook, Twitter, and other social media platforms but in a targeted way. This means promoting your business in groups or to specific individuals who are identified to be located near your place of business.

Be on the lookout for businesses, schools, organisations, or government institutions that are planning events that would require laptops (examples: expos, exhibits, conferences, and seminars). Offer your equipment to them while they are still looking for a provider. It helps to be updated with what’s happening in your local community and the nearby areas.

Retarget those who have shown interest

Often, you will encounter potential customers who enquire about your services but don’t end up having a deal with you. Don’t just forget about them. Keep their contact information as there will likely come a time that they will need rental laptops again. Don’t hesitate to send them your marketing materials after some time, especially if you have promos. Just don’t be too aggressive in your advertising to avoid being tagged (and blocked) as a spammer.

Forge partnerships with related businesses

This does not have to be a formal partnership. You can establish good relations with computer sellers, internet service providers, or internet cafes so they can make referrals to your business in case they encounter potential customers who are looking for laptop rentals.

Successful marketing is not just about advertising and offering promos. You have to be resourceful and creative. It’s advisable to keep track of potential demands for your for-rent laptops. Additionally, it greatly helps to have partnerships with related businesses.

Filed Under: Business

When Should You Get the Help of an Immigration Lawyer

December 23, 2018 by Tristan Leave a Comment

 

Applying for a visa to enter the UK does not necessarily require the help of an immigration lawyer. You can process your documents without someone telling you what to do. However, there are instances when you might feel that you are unable to deal with the entire process alone. As such, you might need to consider hiring one of the top immigration solicitors London offers. These are some signs telling you that you need to partner with a lawyer now.

You can’t figure the options out

You have lots of opportunities to enter the UK through immigration. You can start a business in the country or find an employer who can sponsor your visa. Other types of visas are family-based. It could be confusing if you check all the options since each one has different requirements. To explain to you what to do and what each choice means, you need an immigration lawyer.

You might be deported

When you are already at this stage, you can’t proceed with the battle alone. You need someone representing you in court to prevent possible deportation. You need not worry even if you already face the threat of deportation. Your lawyer will help you exhaust all possible means to stop it from happening. As long as you cooperate, and you understand the choices, you won’t have to be deported.

You have previous cases with the government

If you had problems related to immigration before, it might be difficult for you to get back into the country. It is worse if you committed a crime against the British government and you got deported. Making your way back to the UK will never be easy. Hence, you need an immigration lawyer to help you. Your case will involve complicated legal manoeuvres that only a qualified lawyer can manage.

You feel overwhelmed with the paperwork

It is not easy going through the entire legal process to get what you want. You might think that it is easy at first, but when you go through all the steps, you could end up getting overwhelmed. With the aid of an immigration lawyer, it will be easy for you to overcome the paperwork. You will provide what your lawyer asks for and your lawyer will prevent potential errors and delays. You can submit the requirements on time and have high hopes that everything will end well.

You feel threatened

Even if you tend to do everything right, it is possible that you feel threatened by the immigration process. As such, you need someone telling you what to do. It is also essential that you have someone who is willing to defend you in court. You might give up as you go through all the necessary steps for immigration, but you will find it easy once you have a lawyer.

Given these reasons, you need to consider hiring a quality lawyer now. You don’t want to make errors in immigration-related documents, since you could have a hard time correcting such errors.

Filed Under: Business

The Rise and Fall of MoviePass Business Model

December 19, 2018 by Tristan Leave a Comment

MoviePass offered an unlimited movie watching experience to consumers, but the experiment has largely failed. Majority shareholder Helios and Matheson saw their stocks rise to around $32 in October 2017. The stock is valued at less than $0.02 right now. Let’s take a look at how one of the hottest tech stock purchases in 2017 has transformed into one of the worst investments of 2018.

Humble Beginnings

Helios and Matheson Analytics Inc. (HMNY) became the majority stakeholder in MoviePass last year. In order to expand the service, the firm began advertising MoviePass as an all-you-can-watch buffet for avid movie goers. For $9.95 a month, members could see an unlimited number of movies. HMNY offered the tantalizing treat to attract new members and investors who believed MoviePass would do for theaters what Netflix did for TV. MoviePass only had 20,000 subscribers when HMNY acquired their majority share. HMNY slashed the monthly membership price from $50 a month down to $9.95, and the subscribers flowed in. By June 2017, the service had more than three million subscribers.

Burning Cash

The company was burning through its cash holdings faster than it was generating revenue. A filing with the SEC revealed that MoviePass was running a cash deficit of $21.7 million per month from September 2017 to April 2018. Michael Pachter, an analyst for Wedbush Securities famously said the company was “giving away dollars for quarters. “Because most movie tickets are priced below the $9.95 per month membership fee, MoviePass found it impossible to turn a profit with the new business model. The company repeatedly said that it wasn’t going to rely on subscriber revenue as its main source of income. Instead, HMNY is hoping to use the MoviePass aggregate data in the same way that Spotify collects user data about how its users interact with music. This user data can help sell directly targeted advertisements to help drive more box office revenue.

New Revenue Models

The concept was novel enough that many investors were intrigued by the idea. MoviePass owners HMNY became one of the most talked about stocks on the StockTwits platform. A quick StockTwits review found that many investors had questions about how long the company could stay viable while shedding money hand over fist. Many analysts believed that MoviePass launched with a price that was too good to be true and the subsequent price hikes on services caused customers to flee the service. The hype around MoviePass also caused competitors to take notice. AMC Theaters announced their movie subscription service through its Stubs program to let moviegoers see up to three movies a week for only $19.95 a month. The service is twice as expensive as the MoviePass offering with more restrictions but has steadily gained subscribers.

Since AMC operates theaters all over the United States, they don’t need to pay the entire price for each ticket. Instead, the company only needs to fork out about 54% of the ticket price. That means AMC only pays around $11 for the moviegoer seeing two movies a month, while MoviePass would lose $10 for the same two movies per month. AMC’s A-List option is slowly choking the life out of MoviePass, which has reorganized its subscription model at least three times since 2017.

Filed Under: Blog, Business, Lifestyle

Street Talk Advisors: Investment Tips

December 11, 2018 by Tristan Leave a Comment

In order to discover a few investment tips that will help navigate the world of investing, simply continue reading!

Street Talk Advisors: Investment Tips

  1. Make sure to check on your investments at least twice a week

Many investors fail to check on their investments regularly which is a mistake as if individuals who don’t keep an eye on their investment portfolio may find that some of their investments may decrease in value significantly.

Whereas if individuals check up on each of their investments at least twice a week, they’ll see any changes to their investments’ values sooner and will be able to conduct invaluable research to see whether or not they should hold on to their shares or sell their shares before they plummet further.

2. If your shares’ value decreases ask yourself a simple question

If you’re never quite certain whether to hold on to your shares when their prices dip or whether to sell off your shares quickly, there’s a simple question which you can ask yourself in order to make a wise, informed decision.

Simply ask yourself, would you purchase shares in the company in question at their current price? If so hold to your shares, whereas if you think that a company’s stats and performance show that they are unlikely to recover in the future, you may want to consider selling your shares in the company in question.

Just remember, that it’s not a wise move to hurriedly sell shares in a company which you believe will be worth a far higher amount in the future.

3. Before you invest in a new company check its past performance

Before you invest money into a new company, check how its share price has performed over the years, to see if the company in question offers solid, sustainable growth. Especially if you plan on purchasing shares which you’ll hold on to for years to come.

4. Make sure that the online share trading accounts which you use offer low management fees

It’s well worth comparing the management fees of all of the various online share trading accounts which you currently use to ensure that you’re putting your money into funds and trading platforms which offer low management fees and which offer you as an investor phenomenal value.

5. Don’t make emotional investments if you want to make a large profit in the future

One mistake which many investors make is to make investments based on emotions. Instead, make sure that every investment which you make is based off facts such as dividend yields and growth. If you learn to make investments which are free of emotional, you’ll be far more likely to successfully invest in businesses which will earn you a lot of the money in the future.

6. Don’t be put off investing if you notice that the share price of some of your shares increases and decreases

Share prices change due to a variety of different factors such as political influences and changes to the way that your business’ industry is run. So don’t be put off if you notice share prices ebbing and flowing.

If you take the advice listed above to heart, you should find that investing isn’t as difficult as you first imagined it would be.

Filed Under: Blog, Business

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Welcome to Street Talk Live, I’m Tristan and I hope you find the information I blog about useful. I love to travel and explore the world. I believe it is important to learn about other cultures and keep up to date with the latest news in the world. Read More…

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Welcome to Street Talk Live, I’m Tristan and I hope you find the information I blog about useful. I love to travel and explore the world. I believe it is important to learn about other cultures and keep up to date with the latest news in the world. Read More…

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