How An Accountant Can Fix Your Company’s Management Problems

We list below 4 steps on how a Consultant Accountant as seen on can correct your company’s management problems:

1 – Diagnosis

Collect information about all processes and then prepare a diagnostic report and recommendations for improvement, defining the goal, method, and metric.

2 – Modeling

Redefine the processes flow to ensure that all activities are carried out correctly, by competent people, and using sufficient resources.

3 – Implementation

Empower people so that they put into practice the actions that were agreed upon.

4 – Monitoring

Finally, it is essential to measure, monitor, and improve the process. Assess performance indicators to ensure that the results achieved align with the goals defined in the diagnosis stage. Hiring the service of an accountant is an important decision and must be subject to the company’s strategic vision. The ideal accounting professional is connected with the dynamics of the 21st century, more flexible, interdisciplinary, and focused on the value of sustainability in all themes and sectors.

What Are The Risks Of Not Having An Accountant?

Except for the Individual Micro entrepreneur, companies must have an accounting department to provide advice on tax and accounting matters. In addition, the main risk of not having an accountant is having to face bureaucracy alone, with a high chance of making mistakes and, as a consequence, paying fines.

And for you to better understand what we are talking about; the risks range from forgetting to pay a tax to paying taxes beyond what is necessary and still having losses with it.

There’s no point in having an open company if you, as an entrepreneur, don’t have the support of an accountant to assist in your business’s accounting, tax, and financial organization. It is necessary to understand that the accountant will positively contribute to your business, and therefore the professional must be seen as a strategic partner.

And contrary to what you might imagine, by hiring an accountant, you will also be investing in your time, after all, you are reducing risks, and you will have more time to focus on what matters.

Keep in mind that your company must act legally, and for that, the accountant will give instructions to act with transparency and always within the law. Therefore, before hiring an accountant, it is essential to make assessments so that the company does not have losses after the decision.

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What To Consider When Selecting An Investment Banker

From mergers, acquisitions, raising capital, financial restructuring, to business valuation, among other aspects, an investment banker can offer a lot as you strive to supercharge your business endeavors. With their resources and reach, the professionals can help you deal with various transactions and realize favorable results. Nonetheless, such contributions are only possible if you enlist an ideal service. A reliable and reputable service like M&A Advisor Dallas makes the process a breeze. This helps you fast-track your activities. As you consider engaging an investment banker, here are a few tips to help you select the best service.


What’s your industry? Energy, distribution and supply, industrial manufacturing; each is characterized by unique operations. As you consider an investment banker, ensure they are experienced in your line of work. This way, you won’t waste valuable time. The investment banker won’t play catch-up to familiarize with your industry. Apart from familiarity with your sector, also ensure they are experienced in the line of the intended transaction. For instance, an investment banker with energy sector experience who has handled mergers and acquisitions is the right fit if you are looking to buy another business. Leveraging the investment banker’s industry and transaction experience gives you an edge. This emphasizes the need to prioritize it before selecting a service.


How significant is your transaction? Can the investment efficiently handle it? If your transaction is significant, and you pick a service with limited resources, they’ll be stretched too thin. They will most likely fail to deliver to your expectations. Conversely, if the transaction isn’t that demanding, working with a huge investment banker might mean it won’t be prioritized or assigned to a team that isn’t as experienced. The trick here is to compare your business’s value and the intended transaction against the investment bank’s typical deal size. This helps you pick a service with the experience and resources needed to handle your needs comfortably.

Fee structure

Lehman Formula has dominated the market for years, but it is not the only structure in the modern arena. The approach requires a retainer and a success fee after closing a deal. Today, you’ll find a range of fee structures. This provides the flexibility to pick an option that matches your situation. You could be tempted by an investment banker offering a low upfront commitment. This could be frustrating as you realize that the structure sees you spending a lot more than the value delivered. Pick a fee structure in line with your preferences and situation as you weigh the option. Also, ensure that it offers the investment banker the right economic incentive to deliver the highest value possible.


Do you feel comfortable with the investment banker? If you are comfortable and can trust the service, you’ll develop a healthier relationship. As such, establishing their reputation before making the final pick is essential. See what other clients are saying about the investment banker. Consider their professional affiliations and memberships. From your interactions, don’t discount your gut feeling. Picking a team you like and can trust is essential, facilitating a smooth engagement.

The right investment banker can help your business grow and, in the long run, prove to be a valuable asset. You are a step closer to finding a solution that best matches your business with the above pointers.

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Who can become a bike insurance agent?

The motorcycle insurance agent is one of the best financial careers anyone can start, even inexperienced. Based on your hard work with this role, you can start earning a better income just within the first year. One thing to note with this role is that it is not easy. You need to have the guts to be resilient to gain the muscle that will build your strength to be a bestseller in the future.

When starting this role, you may find it hard even getting the clients, but once you start building your customer or potential client pool, you will see the fruits of this role. The frequently asked question is how one can become one. To find the answer to this question, let’s explore more and find out who can become a bike insurance agent?

Here are the people who can become bike insurance agents:

18 and above years old

You can become a motorcycle insurance agent if you are 18 years and above. The number one requirement is that bike financial intuitions require before hiring you. If you are less than 18 years, you cannot work in any organization in other states. Therefore, any person who is 18 years and above can become a bike insurance policy agent.

Extrovert person

People who have a fighting spirit can make a good profession in this field. It is not the field for those people with a faint of heart. It is because the job is hard initially, and you need to have perseverance has its ups and downs. You will receive rejections now and then before you get a large pool of clients.

Therefore, only those who have the stamina to conquer the rejections and low seasons can become insurance agents. But the one with a faint heart can start the role but quit on the way. Here, if you are not afraid of conflict or soft-spoken, you are the ideal person to become an insurance agent.

Educated person

Though some cases, some intuition does not put education as a requirement for becoming an insurance agent; however, having a high school is an added advantage. At least with formal education, you will understand the terms used in the insurance field or assist the clients in filling forms or raising a claim.

Inexperience professionals

A motorcycle insurance agent is one of the roles that anyone from any professional field can do. Even if you are fresh from a university, there is no experience that the insurance institution checks before hiring you. You need to know that you are good to go so long as you can prospect and get an ideal customer to buy the bike policy.

Licensed person

In most states, not everyone can start selling bike insurance unless authorized to do so. Here only licensed insurance agents can take this role and serve the people. Failure to that you cannot become a bike insurance agent because it is against the law. Therefore to become one, you need to acquire a license from the government insurance authority.


A motorcycle insurance agent is a promising career, but one thing to know before starting it involves constant networking, hustling, and handling rejection. Most intuition can give a retainer or a salary for their agent to get started, but once you start making a sale and become productive, they will pay you based on commission.

To be good in this field, you will also need to know how to become a good salesperson because the job involves customer prospecting and selling the insurance policies to the clients.

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Tips For Choosing The Best Mortgage Lenders

Banks, mortgage brokers, online lenders, and other firms for loan applications are everywhere. The truth is they’re created every time until the market is flooded with multiple options. That’s a good thing. However, it’s a tough challenge for homebuyers who want the best mortgage lenders.

Take time and shop around for various options. Consider their loan terms and rates, down payments, and insurance requirements, among other kinds of information.

The following tips will help choose the best mortgage lender, consider:

What’s The Prospective Budget?

Budget is the first thing every homebuyer needs to think of. So, factor in the money required for the purchase then presents the budget to the preferred loaning banks.

The lender will analyze the budget and provide any potential cost of the expected monthly payments, plus all the expenses involved. Note that lenders will only pre approved or qualify a loan based on the person’s gross income, resolving debt patterns and outstanding loans.

However, they won’t look at other monthly expenses like utility, insurance, groceries, gas, and daycare bills. Therefore, take such costs into account when drawing a loan plan, and they’ll help give the exact idea of what to incur or take from the banks.

Credit Score, Strength, and History

Getting a loan is like applying for a job: only those with the right qualifications are considered. So, applying for a loan demands that individuals check their finances and improve their credit standings.

That said, pull out the credit scores and reports- (the two primary factors lenders use to determine what they give out) and check for details like the debt-to-income ratio.

Also, confirm any errors in the credit report like late payments and high balances, and pay down every balance. Always strive to make payments on time as it is the best way to improve your credit score and strength.

Identify a Mortgage Option

The mortgage option is key to choosing a lender. Besides, not every mortgage will be appropriate for everyone. It’s advisable to take loans from the government subsidized mortgage lenders that offer USDA, FHA, and VA loans.

Individuals using FHA loans will only be required to pay as little as 3.5% down payment, while VA and USDA loans have zero down payment. Still, the three loan options have a lower credit score compared to other types like conventional loans.

Compare Interest Rates and Other Payments Terms

Interest rates are another critical factor in choosing a lender. Take time and compare different interest rates of various mortgage lenders, including their annual percentage pay rates.

Also, care to shop and compare the application process, appraisal title, and the original loan fees affect the payable closing costs. Most importantly, choose a lender whose interest rates best suit the allocated budget.

Compare and Get Pre Approval Options

Before lenders give money, they’ll conduct thorough credit card and finance reviews on individuals who want loans.

So, when shopping for mortgage lenders, check and compare various pre approval options. It’s even better to get preapproval proof from multiple lenders as it gets accurate loan prices to expect.

Choosing a lender can be an arduous task. Shop around and compare their interest rates, pre approval options, loan terms, and down payment requirements, then select the budget-friendly one.

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What is swing trading? How is swing trading used in the stock market?

Do you actively trade in the stock market? If yes, then you are reading the right article since this will help you to understand the concept of swing trading and how that works for retail investors. So, first, let us try and understand this strategy and compare it with the others in the market.

What is swing trading?

In a nutshell, swing trading strategies refer to a combination of day trading and trend trading strategies. It is the best of both these strategies and is used for multiple small short-term gains, making the profit sizable. Swing trading is more about weekly gains in the margin of 5%, and these short-term gains usually come in handy against long-term gains of above 25% over a few months.

Swing trading vs day trading

This is a widely debated topic in investing, and swing trading vs day trading have different kinds of returns. However, these two may seem similar to a layman who reads the theory and keeps it there. But, to an investor, there is an ideological difference in both strategies, which is the time involved in holding a position.

When it comes to day trading, you should not hold a stock for more than one day. However, when it comes to swing trading, you will need to hold the position for two days, at least. This entirely revolves around the demand and supply of any security in the stock market today.

Swing trading strategies

Many seasoned investors prefer to use different theories of swing trading, like the Fibonacci retracement, where they understand the resistance levels, or the T-line trading method, where the traders create a T-line to understand when to buy or sell their securities in the market.

Advantages of swing trading

  • Swing trading returns are usually fewer but more substantial than day trading, and this is one of the major reasons many new traders prefer to use this strategy to hold their positions.
  • You can recover your losses quickly with this technique and create enough cash flow every week. This helps to set up and acquire other investments for your portfolio.
  • You can also reduce speculations regarding trading since swing trading involves technical analysis and a study of the markets.

Disadvantages of swing trading

While there are no direct disadvantages of swing trading, still, since it is related to the markets, there are always chances that you can lose your money. This is because the markets respond to demand and supply and other forces that can reduce the prices of the stocks.

The bottom line

If you can afford to hold your position for more than a few days and work around the trends, you should consider trying swing trading. Remember to set your profit targets and use stop-loss orders to maximise profits and minimise losses in the market.

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Wealth Management: A Holistic Approach to One’s Financial Life

Wealth management is an investment advisory policy that includes several services for families and individuals to protect wealth better, its growth, and a healthy work-optional lifestyle. Wealth managers guide individuals and help them undertake wealth management policies to lead a better life. In a way, it can be said that wealth management is a more comprehensive approach where wealth managers assist people regarding their retirement plans and build an investment profile according to one’s lifestyle and standard.

So, it is essential to form a good relationship with the wealth manager for better wealth management. Choose a wealth manager or a wealth management company that can be relied upon entirely.

Why choose wealth management?

Here are the reasons as to why one should opt for wealth management from beforehand:

  1. Makes one prepared for any crisis

Unpredicted events may occur anytime. One has to be prepared for untoward happenings. It is expected that one will be prepared for such situations with the necessary wealth management policies. Only having a wealth management policy is not enough. One has to be ready for untoward happenings. It has to be strategized well so that it can soften the impact of sudden disruptions. Instead of reaching out to a financial manager after a mishap has occurred, take a precautionary approach.

  1. Provides a broader view of opportunities

When one has the assistance of a wealth manager or a reliable wealth management company, one can get a value proposition beyond the traditional financial market. With the emergence and inclusion of various technologies in the financial sector, a non-specialist can’t find the best investment policy for him, especially after retirement. Hiring wealth management services from beforehand will allow people to get the desired financial security after retirement.

  1. Reduced taxes

It is known to all that with great money comes excellent taxes. None can escape from the tax bills. The purpose of an effective wealth management company is to house the investments in the correct order and inculcate proper tax planning to keep the expenditures low. Hiring an experienced wealth manager can help people navigate all tax-related matters.

  1. Optimal use of time

All people plan to maximize their earnings. But doing it without professional help is going to take a lot of time. It is because one has to research the market, study financial reports, analyze economic data and then take the necessary financial decisions. All these responsibilities can be bestowed on a reliable wealth management team.

  1. Gather better financial knowledge

When one comes under a professional wealth manager or a wealth management team, it is their job to educate clients about finances. As a result, one gathers a lot of financial knowledge. Also, every person should know where his money is going and how it can contribute to an individual’s growth.


Therefore, before one gets retired, one should hire the services of a wealth management company and ensure to invest his wealth in the correct strategy so that it can benefit him at the right time.

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Misapprehensions About Two-Wheeler Insurance That You Should Ignore

Buying a two-wheeler in today’s day and age is no luxury but a mere matter of convenience. Convenience from hassles of public transport. But whichever two-wheeler you ride, having an insurance cover is mandatory as per the law. The Motor Vehicles Act lays down this need for compliance failing which, attracts hefty penalties.

Your search for a bike insurance policy may be supported by suggestions from friends, family and even your peers. But during the lookout for a suitable policy, there are various misconceptions that you mustn’t believe. Here are some of those misapprehensions you need to stay away from to make a prudent choice of bike insurance policy.

  1. Two-wheeler insurance is complicated

There are a myriad insurance plans to choose from and all of which are loaded with different jargons and terminologies. This makes most buyers believe that two-wheeler insurance plans are complicated in nature. However, that isn’t the case. The jargons and terms used in the policy documents and brochures only create such an impression but in reality, it is simple and straightforward once you breakdown those terms. Moreover, with the advent of internet technologies, bike insurance renewal and its purchase can be made seamlessly online. All of it at the convenience of your couch. So, the next time you hear that two-wheeler insurance is a complicated process, trust no one because it is easy and straightforward.


  1. A third-party policy provides sufficient coverage

Many buyers of bike insurance plans overlook the importance of a policy that offers 360-degree coverage. Thus, they opt for only a third-party policy. Such third-party plan, although suffice the legal requirement of a two-wheeler insurance policy, often falls short of its coverage when it comes to protecting against own damages. Thus, the misconception about a third-party policy being enough must not be believed in. In fact, you must opt for a policy that offers comprehensive coverage. This way, any damages sustained by your bike during an accident or due to natural calamities or other man-made perils can be covered under your insurance policy’s scope. * Standard T&C Apply

  1. Your insurer cannot be changed or switched

Two-wheeler insurance plans are valid for a specified tenure, which is generally for a period of one year. After such tenure, you need to renew the insurance coverage wherein you can opt for additional or delete covers, or even opt for an ungraded insurance policy. Not just that, you can even change your insurance company and transfer accumulated benefits like the no-claim bonus too. Moreover, such transfer is possible even during your policy tenure, however, it isn’t advisable to switch mid tenure unless there are some serious coverage flaws. You can visit the official website of IRDAI for further details.

  1. Two-wheeler insurance provides for all damages

A comprehensive two-wheeler insurance plan protects your bike from different perils which otherwise are excluded from third-party policy’s scope, but just like all insurance policies, it has its share of limitations. Cases like riding under the influence of an intoxicating substance isn’t covered under any insurance policy. The insurance company straight up reject such claim applications. Hence, you need to be aware of the inclusions and exclusions of your policy and ensure you follow the law to have protection from damages.

  1. Buying two-wheeler plans is an expensive affair

Lastly, it is commonly believed that two-wheeler insurance plans are expensive. While in reality, economical plans are also available. While add-ons to a comprehensive plan can increase the premium, offloading those that do not add any value can help you save on premiums. In this process, tools like two wheeler insurance premium calculator come handy.

With the common misconceptions cleared about two-wheeler insurance plans, you can make a smart decision the next time you are buying one. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

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Everything you need to know about the National Pension System

All your life’s hard work and struggle pays off during retirement, your golden years, if you have an effective retirement plan in place. A good retirement plan will ensure you get a steady flow of income after you’re done working. One such effective plan that every Indian citizen is entitled to is the National Pension System or NPS. So, what is NPS and how does it work? Let’s figure out all you need to know about NPS here so that you can get started.

What is NPS?

NPS is a voluntary retirement plan that all Indian citizens between 18-70 years of age can invest in. It’s a government scheme that even corporate sector employees and self-employed individuals can benefit from.

Not only does the NPS help you save money, but also helps in reducing your taxes as the plan is eligible for a tax deduction. You invest a certain amount of money every year which builds up a corpus fund that you can withdraw during retirement. So, the earlier you plan, the more you can benefit from it.

Types of NPS accounts

There are two types of NPS accounts:

●      Tier I account:

When you want to invest under NPS, this is the default scheme you go for at first. It requires a minimum initial investment of Rs. 500 and a minimum annual investment of Rs. 1,000. There is no limit to the maximum amount you can invest in.

Here, you get a lock-in period till the age of 60. Withdrawals are permitted only after the lock-in period unless there are special circumstances. You are entitled to a tax deduction for NPS investment up to Rs. 1,50,000 each year under section 80 C and further deductions for up to Rs. 50,000 under section 80CCD (1B) of the Income Tax Act, 1961.

●      Tier II account:

This account is completely voluntary and you’re eligible to invest here if your Tier I account already exists. The minimum initial investment here is Rs. 1,000 and the minimum annual contribution amount here is Rs. 250. There is no tax deduction or lock-in period here. This means you can withdraw from here at any given point in time.

NPS scheme details – Rules for application, investment, and withdrawals

The easy and quick way to apply for NPS is through the online portal where you need to link your account to your Aadhaar, PAN, and mobile number.

Once your permanent retirement account number is generated, you need to make the initial investment. Your pension fund manager will take care of the investments you make here, helping you select the investment mode – equity, corporate debt, or government bonds. You’re allowed to change this mode only once in a financial year.

For Tier I account, the maximum age for exiting the scheme is 75 years. After that, you are entitled to withdraw 60% of the total corpus amount you have, while the rest 40% is to be invested in an annuity scheme if your corpus amount is more than Rs. 5,00,000.

You can make three premature withdrawals throughout the tenure, given it is for children’s higher education and/or marriage, house purchase/renovation, or medical emergencies. This is limited to 25% of your total investment and only applicable for those who have invested for at least three years.

Going for an NPS scheme is important for every individual as it helps contribute to your retirement corpus. Retirement planning ensures that you don’t have to financially depend on anybody in your golden years and are financially stable even after you stop working.

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What is Factoring? Types, Advantages, Disadvantages, Mechanism

Factoring can be defined as a financial where a factoring company purchases from the customers’ accountable receivables from the sales of products or services to clients. If your clients become the debtor of the factoring company, they must fulfill their obligation towards the factor.

The factoring contract assumes that the factoring company takes the entire credit risks and the collection of the account. Factoring in Winnipeg offers companies an effective way of financing their financial needs. They also act as a tool for the collection of invoices and risk hedging.

Traits of Factoring

  • The factoring company offers money to the supplier, including advance payment and loans.
  • In most cases, the factoring period is 90-150 days. However, some factors allow more than 150 days.
  • Factoring is a cheaper source of working capital compared to loans
  • Factoring receivables is a perfect financial solution for emerging and new companies without enough cash flow. That’s because creditworthiness is appraised based on the financial ability of the client. Thus these businesses can leverage the financial power of their clients.
  • A credit score isn’t essential for factoring in Winnipeg. However, the factors conduct a credit risk assessment before signing an agreement.
  • Factoring in Winnipeg is a technique of off-balance-sheet funding.

Mechanism of Factoring 

  • A factoring agreement involves three parties: the one selling account receivables, the customer of the seller, and the factoring company.
  • The seller of the product or services who prepares the invoices is the client and is a business.
  • Customers of the client or debtors are the recipient of the invoice of goods and services offered. They owe the cash for the value of service provided or goods purchased from the seller. They pledge to pay the money within the agreed payment agreement.
  • The factor or factoring company is the service provider who buys the invoices and provides advance payment to the business.

The factor is, therefore, an intermediary between the buyer and the seller.

Benefits of Factoring 

Substitute for Business Loans

Factoring plays a vital role in working capital funding. It substitutes business loans and supplements the credit or supplier’s credit. It’s a perfect replacement for high-cost loans.

Saves Time 

Factoring in Winnipeg will save effort and time to the business spent on collecting the invoice from clients. That effort can be channeled to other company expanding initiatives such as marketing, customer development, and sales.

Non-Collateral Needed

Unlike conventional bank loans, factoring does not require you to risk your property or home as collateral.

Minimal Operating Cycle Time

The average invoice collection period is lessened, and as a result, the total operating cycle duration of the customer is lessened.


Factoring in Winnipeg helps the business raise the money, up to 90 percent of the receivable value instantly after the sale. That builds up the liquidity position of the customer.

Advisory Services

Factoring companies provide a range of advisory services to their customers, including credit evaluation for their overseas buyers.

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Investing guide for people looking to invest in Exchange Traded Funds

An Exchange Traded Fund (ETF) is like a basket that contains shares, bonds, etc. and can be traded on an exchange. It tracks an underlying index, either Nifty or Sensex, and holds assets in the same proportion as the index.

Looking to invest in ETFs? Here are some tips that could make your investments work for you –

  • An ETF fund could give good returns, but you as an investor should remember that not all investments provide positive returns. Hence, you should restrict your investment using limit orders where instead of waiting for a huge profit or recovery from a bad loss, the investment will be transacted at a good reasonable price that will benefit and save you from a loss. You need to set the limit on the order, and the rest will be taken care of.
  • It is advisable to begin trading a few minutes after the market has opened or before the market will close of the day. These are the periods when there is comparatively more volatility in the market. Following this advice could be beneficial in knowing the true value of stocks.
  • If you are not sure of the trade, you should seek professional help from the fund manager before investing big time. Essentially, an ETF is a market-based investment, and all market-based investments are subject to market risk. Any fluctuation in the market will impact an ETF, and though it is a diversified portfolio, there cannot be an assurance that it won’t incur a loss.
  • Always watch out for spread; a spread is a gap between a bid price and an ask price, where the bid price is the price on which investors are willing to buy while the asking price is the price on which investors are willing to sell. The difference between bid and ask is spread, which widens or narrows down according to market conditions. The transaction should be based on this spread as it determines the profit and loss of the investment.

These are some of the best ETF trading tips; however, if you are trading in an ETF for the long term, you should keep in mind its taxation benefits, brokerage charges, transparency of the trade executed by the portfolio manager and returns on investment promised by brokerage firms.

To make your ETF investments simpler and to explore more stock and mutual fund investment options, you could also reach out to a financial expert to curate bespoke financial plans that are in line with your risk tolerance, investment goals and horizon.

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