Kenneth Boyd's Blog, page 31

5 Must-Know Resources for Seniors Starting a Home Business

Now is a great time to launch a home-based business if you’re a senior looking to make some extra money in a post-retirement career. If you’ve never run your own business before, it can be both exciting and intimidating with all the unknowns ahead of you.

The good news is that you are not alone, and there are a host of valuable resources out there that will point you in the right direction and keep you going when the going gets tough. Here are five must-know resources recommended by Accounting Accidentally to take advantage of as you prepare for launch day.

 

LLC Formation Services

Choosing to make your new business a limited liability company has several important advantages, like protecting your personal assets from creditors if your business ever gets sued and avoiding double-taxation when you pay yourself from your business income.

It’s fairly easy to file the paperwork and get the process done when you enlist an online formation service, plus you’ll save a considerable amount of money. It helps to know what steps are involved with a Missouri LLC registration since each state has its own set of regulations for LLC formation.

Consult with a CPA and an attorney on these issues.

 

Small Business Association

SBA.gov should be a go-to resource for every startup and small business. The association offers a wide variety of educational and training programs that are especially helpful for new business owners, and it also helps connect you with mentors and other professionals who can guide you through those challenging early days.

Perhaps most importantly, the SBA directs you to the right banks and other programs that provide small business loans and grants.

Have a question about personal finance or entrepreneurship? Join the Ask Me Anything live chats on Conference Room.

 

Networking Groups

Joining a networking group through your local chamber of commerce or an organization such as BNI is a great way to give and get business referrals and develop relationships with other professionals in your area. You’ll be surprised by the amount of support, encouragement, and helpful advice you will receive within the group.

 

Google My Business

Creating an account for your business on Google is a great way to let your business presence be known for anyone looking for the product or service you offer. It’s easy to set up an account; all you need to do is fill in the information the form asks for and upload your logo and photos, and your home-based business is good to go!

It won’t take long at all to get noticed if you include all the right elements — you can read more about the process and recommendations on its site.

 

Podcasts

Though it may be surprising if you’re new to the podcast world, podcasts are an excellent source of information, inspiration, and encouragement. They can even point you to other helpful resources. Since they’re strictly audio, you can listen while you’re doing something else and learn while you tackle household chores, yard work, driving, or just taking a well-earned break.

 

As with your new home-based business, this list is only the tip of the iceberg, but it will get you started on your way. Remember to occasionally ask your friends, family, and local professionals for their favorite business resources that will support you and your business.

 

Looking to get a handle on accounting and finances? Look to Accounting Accidentally for useful content, live courses, and free downloads.

Guest Post by:

Chelsea Lamb

info@businesspop.net

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Why All The Hype Around Cryptocurrency?

Over the last couple years, investing in cryptocurrencies has become very popular. What’s all the hype about – and is now a good time to get involved? This post explains it all.

What is cryptocurrency?

Cryptocurrencies are digital currencies. Bitcoin is the most famous example and was the first cryptocurrency to be invented. It was created as a neutral currency that people from multiple countries could trade. Until the invention of Bitcoin, all currencies were government created.

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Other cryptocurrencies have since been developed. These include popular ones such as Ethereum and Litecoin. In fact, as of 2021, there are about 4000 cryptocurrencies in circulation.

Why are poeple buying crypto?

Over time, Bitcoin and other cryptocurrencies have become less of a source of hard currency and more of a source of investment. This is due to Bitcoin’s huge rise in value – 1 Bitcoin equalled 1 US dollar back in 2011 and now 1 Bitcoin is equivalent to over 47,000 US dollars.

 

Bitcoin has been the most successful, however, other cryptocurrencies have also seen huge jumps in value too. Many people have decided to invest as a ‘get rich quick scheme’. Others have tried it as a gamble. For many, it has paid off.

Is it too late to get involved?

Many of the major cryptocurrencies are currently falling in value. Some are calling it the ‘crypto crash’. However, this is not the first time this has happened.

Bitcoin crashed in 2018 and recovered. The same will likely happen again. Therefore, it is not too late to invest in crypto – although you may want to tread carefully at the moment.

Where can I buy crypto?

You can buy Bitcoin and other cryptocurrencies using an online cryptocurrency exchange. These are available as sites and as apps.

It’s worth comparing Bitcoin trading fees to save money when trading cryptocurrencies. If you choose to buy a lot of crypto, you should secure it in a digital wallet so that it’s safe from hackers.

Never buy cryptocurrency outside of a regulated platform. This will ensure that you are not scammed out of money.

How can I reduce the risks when investing in crypto?

Cryptocurrencies can be a risky investment. Given that they’re still a relatively new investment instrument, people are still working out what triggers them to rise and fall. Educating yourself could be worthwhile before getting involved – especially if you’re investing a lot of money into crypto.

As with stocks or forex, it’s important to diversify your portfolio. Don’t invest all your money into cryptocurrency – if this falls, you’ve lost everything. By spreading your investment across multiple cryptocurrencies, there’s less risk of losing it all.

When buying crypto, always use a trusted exchange. This will stop you getting ripped off or having glitches ruin your investment. It’s worth reading reviews of exchanges and getting recommendations from people that are already involved.

There are plenty of guides online on how to invest in cryptocurrency that could offer you handy tips.

Consult with a financial advisor regarding these important issues.

Go to Accounting Accidentally for 400+ blog posts and 450+ You Tube videos on accounting and personal finance:

Good luck!

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

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5 Tips on How to Manage Your Money Properly

Good financial skills will help you make ends meet and manage your money properly. When you have impeccable financial management skills, life will be much easier for you. How you spend your money greatly affects your debt and credit score.

 

If you find yourself in the vicious circle of living on loans and paycheck after paycheck, you should follow the following steps to achieve financial freedom.

 

1.   Understand Where You Are Financially

Before making any financial decision, you need first to know how much money you have. It is impossible to develop a sound financial plan if you do not know where you are financially. Draft an updated and comprehensive financial position outlining all your investments, savings, income, cash flows, and others.

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Although you can use a financial planner’s help, it is unnecessary; your aim is to understand where you currently lie financially. Record all your monthly expenditures and incomes, and you will know where you currently are financially.

2.            Come up with Financial and Personal Goals and Priorities

After knowing where you are financially, formulate financial goals and personal priorities. After that, scrutinize how you have been spending and see if it aligns with the set priorities and goals; if not, adjust your spending and priorities.

For example, if you love spending time and doing house chores with your family during the weekends, think of not hiring the housekeeping services on the weekends and do these chores with your family. Doing so saves you the money that you could have spent on housekeeping services.

3.            Formulate a Budget and Stick to It

For most people, drafting a budget is not hard. The problem, however, is following the formulated budget. Most people lack the self-discipline to control themselves from buying impulsively. You should not be like them, rather, come up with a budget and stick to it.

The reward of doing so is great, as you will have extra cash to spend on vital things. Drafting and sticking to your budget will help you achieve your financial goals and personal priorities.

4.            Plan for Your Retirement

There is nothing as bad as retiring, and you do not have any investments or income to finance your expenditures. In your budget, include a retirement fund if your employer does not offer any pension. The Social Security benefits are good, but they will not sustain you or help you maintain your accustomed lifestyle after you retire.

You can enroll in retirement plans such as the 401(k) accounts to help you save for your retirement. Also, you can join cryptocurrency trading as it offers higher returns. If you have chosen this path, buying Crypto with Swyftx or any other crypto brokerage is highly recommended to avoid losing your money to crypto scammers.

Consult with a financial professional regarding the risks and rewards of cryptocurrency.

5.            Have an Emergency Fund

Always ensure that you have set aside some money for any unexpected event, because you never know when your car will break down, lose your job, or become seriously ill. Your emergency fund should be able to finance your expenditure for at least three months should the unexpected happen.

When budgeting, remember to include an emergency fund in your budget. The fund can be in the form of savings. Experts recommend that from your monthly salary, set aside at least 10% for savings.

In conclusion, managing your money is not hard. If you follow the steps mentioned above, you will achieve the financial freedom you have been dreaming of and did not know how to achieve.

 

Consult with a financial advisor regarding these important issues.

 

 

Go to Accounting Accidentally for 300+ blog posts and 450+ You Tube videos on accounting and personal finance:

 

 

Good luck!

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

 

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Why Your Small Business Needs Professional Accounting

As a small business owner, you wear a lot of hats. From the creative and visionary aspects to the nitty-gritty of sales and operations, you have a lot to juggle. For many entrepreneurs, bookkeeping and accounting don’t come naturally, but they are vital to your business. Investing in professional accounting services can help with so much more than just your taxes — you’ll also be better equipped to make informed business decisions and give your business a solid foundation for growth.

Accounting Accidentally invites you to read on for benefits you can expect to enjoy when you hire a trusted accounting team.

 

Accurate record-keeping

 

Tracking transactions, reconciling accounts, and doing paperwork to keep your books current can add up to hours of busy work each week — hours that most business owners don’t have (or could be better spent elsewhere). Delegating financial record-keeping to your accounting team can ensure that it’s done correctly and also free up valuable time. This ongoing support will help you more effectively manage the details of running your business, such as payroll processing, invoice tracking, and reconciliations.

Have a question about personal finance, accounting, or entrepreneurship? Join the Ask Me Anything live chats on Conference Room.

 

Sail through tax season

 

If you’re like most people, tax laws are indecipherable and overwhelming. However, hiring professional help will alleviate some of the stress of paying taxes. In addition to having peace of mind, you’ll be able to leverage helpful tax deductions.

 

A professional accountant can also help you choose (and properly use) the best accounting software for your business. Accounting software can’t replace the services of professional accountants, but it can help you work with them more effectively. For example, if you pay contractors or freelancers over $600 per year (i.e., non-employee compensation), you now need to fill out a different form — a 1009-NEC instead of a 1009-MISC — and file it with the IRS by March 31st. An accountant can advise you on the finer points of how these new IRS designations will affect your business, while the right software allows for quick and easy online 1099 filing.

 

Evaluate your performance

 

The advisory role of professional accountants is perhaps the most vital service for small business owners. Having an accurate picture of your overall financial standing will help you plan for the future and make the right adjustments along the way. Accountants interpret financial data and assist you in making business decisions. For example, if your accountant discovers that you’re behind on accounts receivable, they can help you implement a good system to get paid on time — and nip any potential cash flow management problems in the bud.

 

Grow gracefully

 

While every start-up and small business hopes to grow, it isn’t easy when it happens suddenly. You may find that landing a big project or more clients means that your business needs to expand more rapidly than expected. As exciting as this is, it can be overwhelming to juggle hiring new people, choosing a bigger business space, or upgrading equipment in the midst of doing your job. Accountants can help you with the details of growth transitions — such as property tax management, payroll changes, cash flow analysis, and inventory management. They can also provide oversight, offer guidance, and ensure that you’re growing sustainably.

 

A trusted accounting team can make a big difference to the strength of your new business. You can let go of stress, avoid expensive mistakes, and trust that you’re on a good trajectory. Once you’ve found the right professional accounting team, life will be easier for both you and your business, so you can focus on the things you love doing.

Guest Post by Chelsea Lamb

Businesspop.net | info@businesspop.net

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Proven Ways to Gain Control over Your Finances

Have you ever looked into your wallet and wondered where all the money went to? I have been there; I know how frustrating it can be. I could go for months without looking at the details of my credit card bills. I always had piles of unopened bills lying on my kitchen table. I kept telling myself that I would create a budget and stick to it, but this never happened. At some point, I wanted to dig myself out of the financial mess I had created, but I felt like I had lost all control. When you fail to plan your finances, you will be planning to fail.

 

If you’re in a financial crisis, feeling overwhelmed with debt, I have compiled some proven tips that can help you regain control over your finances, from going to a bridging loan comparison site to reorganizing your ins and outs. These tips are applicable, no matter how complicated your situation is. However, I must say that you have to be disciplined to adhere to the plans you set.

 

1. Create a Simple Budget

You are probably not new to the concept of budgeting, which is one of the oldest ways of planning your finances. Creating my budget enabled me to allocate my money wisely. Why do I recommend a simple budget? Creating a complicated budget might make it to adhere to it. If you don’t like to follow a complicated set of spreadsheets, you should probably start with a simple budget. When I was getting started, creating a monthly budget was hard, so I started with a simple budget for every paycheck.

 

Immediately after receiving my paycheck, I would list all my expenses. I would set aside some money to pay the bills, buy groceries, and some amount for my upkeep. I would then divide the remaining amount between my savings and investments.

 

2. Watch Your Spending Habits

Let’s face it; we all like to treat ourselves from time to time, even when our budgets state otherwise. Many times, I have bought something, only to end up not using it. You may not like to admit it, but an occasional spending slip happens to you. Identify items that you keep buying but rarely use. I make it a habit to identify all the items I spend money on, yet I don’t need them. When making my next budget, I exclude these items from my expenses. Whenever you go out shopping, consider the items you purchase. If you don’t need something, don’t buy it.

 

3. Have an Emergency Fund

Everyone needs an emergency fund because accidents happen when we least expect it. I often shuddered at the thought of an emergency fund. How could I commit money into an emergency fund yet I couldn’t meet my day-to-day expenses? The good news is that you can start small and set mini-goals for yourself. You could even sell the items you don’t use and use the money to boost your emergency fund.

 

4. Manage Your Debts

Carrying a heavy load of debts made me feel constantly trapped and frustrated. You wouldn’t like to spend your life handing over any penny you receive to your creditors. Create a plan to relieve yourself of the burden of debt. I had a hard time making my monthly debt payments. I sought a debt consolidation and combined all my debts into one loan that was easy to manage. Create a plan to get out of debt and stick to the plan, no matter how tempted you feel about borrowing more money.

 

5. Identify Investment Opportunities

You should identify some investment opportunities instead of having all your savings lying idle in the bank. However, be careful while choosing an investment to avoid losing cash and getting back into a financial crisis.

I experienced a sense of relief when I decided to free myself from my financial crisis. When you start managing your finances, your stress levels will reduce, and you will feel more in control.

Consult with a financial advisor- good luck!

Have a question about personal finance? Join the Ask Me Anything live chats on Conference Room.

Go to Accounting Accidentally for 400+ blog posts and 450+ You Tube videos on accounting and personal finance.

Ken Boyd

 

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Where Is The Next Major Risk Coming From?

After disruption to the economy that this pandemic has brought, we all just want to be ready for any future event. We can all feel the sense of dread in the air and severe anxiety hands in the balance. The pain and suffering that our businesses and assets have had to go through should not be something that we go through again, lightly.

So, risk management in all forms is something that we have to get to grips with. Risk is often thought of as a dark art, cloak and dagger, smoke and mirrors type of profession. But actually, it’s one of the most important professions in the world and yet, it is in our everyday life.

 

The US dollar weakens

 

Generally speaking, the US dollar has been on a downward path since 2018. The Trump administration very vocally wanted to have a weak dollar. This would help US exports and this, in turn, would help to bring back the competitiveness of the US in some ways.

 

However, the long-term damage of the currency was always going to bring in a new wave of risk. Right now, the GBP (perhaps the strongest currency that matters, against the USD) is now back at pre-Brexit levels. It’s now at $1.39 and that can only mean that people see risk is stagnant in the US dollar (i.e. the US economy), while a large economy like the UK is better for investors. The vaccine rollout plan of the UK is the best in the world, so far.

 

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Climate change impact

 

Green policy is high up on the Biden agenda. This will have a huge impact on industries such as commodities and raw materials. The XL pipeline is being shut down, which means, Canadian crude oil is no longer going to be imported into the US.

 

This could also mean that US crude manufacturers could get a break and the nation may just feed all the crude it needs, to itself. But don’t be so sure! Biden wants to limit fossil fuels, so it looks like battery production and greener energy such as windmills, nuclear, and more biomass plants.

 

Solar power is a big policy area that you can expect to become Biden’s home ground. So start investing in green energy companies, buy their stock, become a stakeholder and sit back and listen to the policies affirming your position, rolk in.

 

At-risk assets

 

The assets that are most at risk are the high-rise buildings and the T-bills that so many foreign investors are holding onto. With more QE on the horizon and remote working becoming the norm, click here to find out how working with a risk management firm is by far the most prudent choice you can make now.

 

If you have at-risk assets and you don’t know how to manage them right now, prevent losses and try to get out of them if you can, work with the pros that know about risk. They’ll give you a report that is well-researched so you can make the right choices.

 

There are major risks as well as major opportunities in the near future. We all hope to avoid anything catastrophic but also, invest in the companies with the brightest futures. We recommend you start now!

 

 

Consult with a financial advisor regarding these important issues.

 

 

Go to Accounting Accidentally for 400+ blog posts and 450+ You Tube videos on accounting and personal finance:

 

 

Good luck!

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

 

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Forex Trading: Everything You Need To Know

The world has currently gone mad with a stream of different investment news. First, we had the latest cryptocurrency boom, with people like Elon Musk getting very vocal about things like Dogecoin and Bitcoin, potentially influencing the market and bringing it back into the public eye.

 

After a rough couple of years, the crypto market seems to have taken off yet again. Everyone is obsessed with it, and then came the incredible news of hedge funds losing millions because of Redditors investing in GameStop. There was that whole RobinHood controversy as a result of this, so the world of investing is fresh in everyone’s minds.

 

Consult with a financial advisor regarding these important issues.

 

 

Consequently, you might be thinking of different ways of investing your money. The previous two things highlight the potential of crypto investments and the classic stock market investments. However, there’s another popular domain that might be worth looking into – Forex trading.

 

Forex holds many advantages, and a few disadvantages; both of which will be discussed in this guide. Please remember, this is not financial advice, and you are not being instructed to invest in anything. Use this guide as an educational tool to help you figure out the best ways to use your money.

What is Forex trading?

Forex is commonly known as the foreign exchange market. In essence, it involves converting one currency into another. From an investment standpoint, you will see numerous ‘pairs’ on the Forex market, which comprise two different currencies. For instance, this can be EUR/USD or USD/GBP, and so on. As you can imagine, there are literally hundreds of different combinations because of all the different currencies in the world.

 

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You invest your money by picking pairs and buying/selling them. Each pair comes with a base and quote currency:

 

Base currency: The first figure you see, always displayed on the left of the pair. This is always equal to one.

 

Quote currency: The second figure, always on the right of the pair, indicates how much of this currency it will cost to buy one of the base currency.

 

For example, let’s say you’re trading USD/GBP. The based currency (USD) will be 1, and the quote currency (GBP) will currently be 0.725380. Effectively, this means you have to pay that much in GBP to get 1 dollar.

How do you make money from your investment?

The idea behind Forex is that you capitalize on currencies getting stronger or weaker against one another. The best way to understand this is with a simplified example. Bear in mind, the figures used here are made up, just because it’s easier for you to understand.

 

So, let’s say you look at EUR/USD, and it will cost you $2 to buy €1. You would buy this if you think that the price of the Euro will rise against the Dollar. Basically, you think that you can sell your €1 for more than the $2 you bought it for. Let’s say it suddenly costs $4 to buy €1, you could sell your €1 for that price, pocketing a $2 profit.

 

Do you get the idea? It’s all about predicting which currency pairs will fluctuate in your favour, and capitalising in changes in exchange rates. Obviously, you’d probably deal with more money than the figures shown above, and the price won’t always change that dramatically.

 

What are the benefits of Forex trading?

There are many benefits of Forex trading, but you’ll see the top three in this section:

 

A volatile market

One of the reasons cryptocurrency is so popular is that it presents a volatile market where values can change all the time. If you want to make money through trading and investing, you need the market to move around a bit. If it stays steady, you’re not really going to make much money.

 

Forex has the advantage of being one of the most volatile markets, opening up numerous opportunities for money-making. In fact, exchange rates are shown to change during the day, which is why Forex day-trading is so popular.

Highly regulated

As the market deals with currency, it is one of the most regulated around. This is beneficial as it assures you of a high level of safety for your money and assets. Forex brokers have to abide by strict regulations, making it one of the safest places for you to invest your money. Again, without wishing to keep banging on about cryptocurrency, that is a market without much regulation at all – if any.

Extremely accessible

Forex happens to be one of the more accessible trading markets in the world. You don’t need much money to get started, and you will easily find more than one Forex trading app to set you on your way. There’s also lots of Forex software you can use to make your life easier, so it’s pretty easy for anyone to get involved in a matter of minutes.

What’s the disadvantage of Forex trading?

In all honesty, there’s only one disadvantage of Forex trading, but it’s potentially a dealbreaker for most people.

Extremely complicated

Did you struggle to understand the basic explanation of how you invest in Forex? It can be hard for people to get their head around, and you’ve barely scratched the surface in this guide.

 

There are online guides to Forex trading that are multiple pages long, and they dive into the depth of this world. It is extremely complicated for the average person to understand, meaning you need to do a great deal of research before you should get involved. When you know what you’re doing, then it does become very accessible. However, the extreme complexity – coupled with the volatility – can be a recipe for disaster if you don’t understand how Forex works.

 

Overall, Forex trading could be something that you’re interested in trying. One of the golden rules of investing is ensuring you diversify your assets. So, if you have money invested in stocks or crypto, moving to Forex can be a good idea to add another string to your bow.

 

 

Consult with a financial advisor regarding these important issues.

 

 

 

Go to Accounting Accidentally for 300+ blog posts and 450+ You Tube videos on accounting and personal finance:

 

 

Good luck!

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

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4 Steps To Better Money Management

Managing your money and personal finances can be tricky and complicated at times. You may have an urge to spend when you know you shouldn’t be, or might not have any idea of how you’re doing financially speaking.

It’s in your best interest to educate yourself on the topic and take the necessary steps to better money management. You’ll thank yourself later on when you have more money to spend or save and aren’t worried about paying your bills. Use the following advice to help you get better control of your finances, so you sleep better at night.

1.  Understand Your Current Financial Situation

One step to better money management is to first take a look at your current financial situation. Get out all the paperwork and review the numbers and how much money you have and are spending every month. It may help to create and follow a budget so you can see the money you’re taking in versus what’s going out.

Analyze the data and how much debt you have and what’s sitting on credit cards. It may soon become apparent to you that you’re spending outside of your means or want to find a better pay job so you have more income.

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2. Have A Plan for Investing

You should avoid investing your money blindly and take a step back and truly think through your investments and where you want your money to be and sit. Have a plan for investing, and choose trusted options and work with trusted dealers so you can grow your money instead of worrying about losing it.

If you’re interested in buying gold or silver then you may want to check out gsiexchange.com as one option for getting started. It’s also wise to take advantage of your company’s benefits they offer when it comes to investing your money for your future.

3. Commit to Paying Off Debt

It’s easy to rack up debt and certainly more painful and cumbersome to pay it off. However, if you let it sit for too long then the interest will grow and you’ll find it difficult to ever whittle it down.

Therefore, focus on and commit to paying off debt right away and make it a priority, so you can improve your financial situation. Come up with a plan for what you want to pay off first and how much you want to contribute every month. You’ll become more motivated to pay it off as you see it going down.

4. Save & Establish an Emergency Fund

You never know when an emergency will hit such as you lose your job or you have to replace an expensive item in your home. Therefore, it’s in your best interest to take the step to establish and build up an emergency fund you can access when necessary.

An emergency fund will save you when you’re in a tight spot or bind. However, you should also have savings set aside for your future or when you want to buy a big-ticket item or go on a vacation.

 

Consult with a financial advisor regarding these important issues.

 

Go to Accounting Accidentally for 300+ blog posts and 450+ You Tube videos on accounting and personal finance:

 

Good luck!

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

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How To Get Ready To Sell Your House

When you are getting ready to sell your house there are certain things you can do to help move it along. It is a big transition in life and can bring about a lot of stress and worries so it is best to just take things one step at a time and don’t overload yourself with too much to do at once.

 

Get organized

 

One of the first things you will want to do is look to de-clutter the house, it’s a great first step as when you move house you won’t have to take all this extra stuff that you don’t even want. So by sorting through clothes, books, ornaments, and other things you have just laid about and then giving to charity or friends what you no longer want you will only be taking things you intend to keep in the new house.

 

It will also make your house more presentable and inviting to potential buyers. When a house is full of clutter and is untidy it can be hard for the buyers to imagine themselves living there. By offering more of a blank canvas it can help their imagination and let them love your house.

 

Hire an expert

 

After de-cluttering, you will want to look at getting a realtor who can also help you look for your new dream home in the next chapter of your life. They are the experts who can find the house with all or most of the aspects you are looking for. So things can move more smoothly once you find a house you want to buy and someone wants to buy yours. Then there is no waiting about for the chain, no massive delays, and hopefully no interim period between moving out of your old house and into the new one.

 

Have a financial plan

 

 

One of the important parts of getting ready to sell your house and get a new one is making sure you have a little nest egg, some savings to cover expenses. There can be unexpected costs when moving house so it is always best to be prepared. Things like realtor fees, taxes, closing costs, attorney fees, and utilities. When you move house and close down utility accounts there sometimes can be balances left to pay. You don’t want to end up being stuck so make sure you have some savings set aside.

 

When you start having potential buyers come to the house, before each visit make sure you have a quick spring clean, no clutter, and make sure the house smells nice throughout. Putting some fresh flowers in key locations is always a good idea.

 

Another idea which a lot of house sellers do is bake cookies just before arrival, the smell of freshly baked cookies will put anyone in a good mood and give a homely feel. Also, you will have something delicious for the buyers to munch on while walking around the house.

 

Doing these few things before you get ready to sell your house and move on will certainly give you that head start you need.

 

 

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Good luck!

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

 

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Financial And Practical Considerations When Choosing Business Location

There are numerous factors and influences that determine where and what type of commercial office space you choose to rent. This decision is one that will have a monumental impact on the success of your company, and thus your options must be evaluated meticulously.

 

If you are considering leasing an office for your business, you will have many different aspects to take into account. Firstly, you need to determine what district of the city you are considering you are going to rent an office in. This largely depends on your target consumer base; nonetheless, additional factors play a role, such as pricing.

 

Expert advice is extremely helpful when choosing office space. Seek the aid of a business with extensive expertise in the area you are considering. You will also need to find a reputable and experienced business accountant who can ensure that all of the financials add up and that the office makes sense to you from an economic point of view.

 

The layout of the office space is also significant, as this will have a considerable impact on the productiveness of your day-to-day business operations. Study the office layout in relation to the culture of your company. Many people do not realize it, but merely the way in which the desks are positioned can play an imperative role.

 

In addition to the points that have been mentioned, rental prices are another vital consideration. Every facet of business expenditure needs to be contemplated assiduously, and office rental rates are certainly a substantial cost to take into account.

 

You do not merely need to determine a budget, but you must also assess the terms of the lease diligently. It is advisable to opt for fixed rates. By doing this you will know precisely what you are paying each month and thus it will be easier to budget effectively.

 

Additionally, you should evaluate what is included within the fee you pay. Is it merely the rental cost for the building? Or does the rate incorporate property taxes, insurance, maintenance and such like? You may locate a cheap office building, but if none of these perks are included it can soon become very expensive.

 

Is the office space scalable? This is another critical factor that should influence your decision. You should not merely consider your office requirements for the present time, but you also must look ahead to the future. After all, it is the aim of all companies to expand and increase their presence. Guarantee your office space gives you the platform to do so.

 

Convenience is a pivotal consideration. Is there enough parking at the office site? Moreover, is the office situated in close proximity to public transport? If you fail to consider such aspects from the offset your employees will face a daily struggle when coming to work.

 

If you take into account all of the points that have been mentioned in this post you should find leasing an office considerably easier.

Join Conference Room: An accounting and personal finance community. Video, blog posts, live chat

Go to Accounting Accidentally for 300+ blog posts and 450+ You Tube videos on accounting and personal finance:

Good luck!

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

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