Finding Advice To Climb Out Of A Financial Hole

When you’re in a spot of bother, and somehow you cannot seem to climb out of debt, you can feel like you’re on your own. However, this is simply not the case, and although it’s easy to feel this way, there are many resources you can dip into, to find a way back into a balanced lifestyle. Mounting bills and fees can become too much to handle, which results in a lot of mental stress. Being in a state flummox for a long period of time can have detrimental effects on your physical health. Good financial management is the only remedy to finances that are out of control. Many people aren’t so readily schooled on how they should go about this because generally, financial advice is somewhat of a gray area. It’s either passed down from family and friends, or you simply have to go searching for yourself. If you’re having trouble finding the correct resources, there are a few places and people you should be listening to, that will guide you.

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Local authority

Financial advice isn’t generally given out to the masses because there are simply too many avenues with several different options that all lead to the same destination. However, as an extended body of the government, it’s the responsibility of your local authority such as a council or mayor’s office to give you the opportunity to make an appointment. At the appointment, you’ll be meeting with an advisor that can help with domestic issues you may have. However they won’t be experts in these particular fields. Rather, they will give you proper information about who and what you should be contacting to get the financial planning advice you need. It may be about your home, vehicles, taxes and benefit entitlements, that you will be directed to investigate further into.

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Listen to experts

Journalists and industry analysts are some of the best people you can get financial planning advice from. More than likely, they’ll have a degree in their chosen area of expertise and have insider knowledge that can greatly improve your living standard. Analysts like Chris Pivik are a great source of information as you can read their articles completely free of charge and get some of the best advice out there. They’ll help you to understand your problem on a deeper level and form a human connection with the cause. You can also read the newspaper, watch online videos and listen to radio shows that have financial and economic professors and other data analysts appearing, who can also point you in the right direction. Search online for these shows, and you may find helpful information comes in the form of a downloadable podcast.

Finding the right advice is almost like looking for a needle in a haystack. The world of finances is so incredibly vast and complicated, there isn’t one ultimate source of information you can dip into. You have to search specifically for expert knowledge and constantly read articles that are relevant to your concerns. There’s no shame in extending your hand and asking for help from your local authority either as they’re obligated by law to direct you in the right direction.

The Financial Decisions That Will Change Your Life

We can all spend a lot of time thinking about money. In fact, some of us worry about money much of the time. Only the most affluent people can give little thought to money at all, but there are healthy and unhealthy ways to think about it. Throughout life, you need to make both big and small decisions about your finances. Some of them are merely day-to-day choices, while others could have a huge effect on your financial situation. Some big decisions might change your life forever, whether they put you in a better financial position or even make you slightly worse off, but possibly happier.

Why Do You Need Money?

Have you ever really thought about what you want and need money for? Of course, you need to consider the everyday expenses that everyone has to pay for. You need all the basic human necessities, like a roof over your head, and food and water. You also need things like transport to get you around and clothes to wear. But beyond that, what is the money you earn (or want to earn) for? Is it for going out with friends, going on vacation, or saving for retirement? Nailing down your priorities can help you work out what your ideal financial situation is, whether it’s feeling comfortable or having more money than you know what to do with.

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Rethinking Your Job/Career

Any decision about your job or career could affect you financially. It could have a huge impact on your life if it might lead to an eventual increase or decrease in your salary. There are a few ways you might decide to rethink your job. Sometimes, you just decide that you want to find a new employer within the same field you currently work in. You’re bored or fed up with what you currently do. You might also want to try to climb the career ladder, when you previously didn’t really care about it. Some people also make big career decisions and decide to switch career paths, or even to work more or fewer hours each week.

Creating a Debt Management Plan

Managing debts can be a struggle for anyone. They’re often necessary to pay for a variety of things, but paying them off can still be difficult. One of the best decisions you can make is to create a plan to help you pay off your debts. Many people pick goal date for when they want to be debt-free. Perhaps in two years’ you want to pay off your credit cards, or you want to be mortgage-free in ten years. There are many strategies you might use to tackle your debt. Finding a new loan lender to consolidate your debts is a good idea. Negotiating with creditors is also a great tactic to reduce your interest rates and make other changes. You can create a plan to ensure you steadily contribute to paying off your debts.

Creating a Savings Plan

How much do you save each month? Some people want to save money, but they have no formal savings plan. They just put away whatever they have left each month, which is sometimes nothing. You should treat your savings as an expense, and not as part of your disposable income. Think about why you’re saving and how much you want to save, as well as a timeline for your savings too. When you think about long-term savings (e.g. for retirement), you might also want to adjust how much you save as time goes on.

Creating a Savings Plan


Deciding to Improve Your Earnings Potential

Some of the greatest decisions you can make in relation to your finances include anything that could help you earn more. While you can never guarantee yourself a higher salary, you can do some things to make yourself a more valuable employee. For many people, this will mean adding to your qualifications and building on your education. This can take on many forms, from completing a trade workshop to doing an online course or going to college. These things will usually cost you money, unless your employer or someone else pays for it, but the aim should be to improve your prospects for the future.

Starting to Make Investments

There might come a time in your life when you think you should start making some investments. For some people, this can happen early, but others might not consider it until they’re older and feel more financially comfortable or are thinking about retirement. Wading into the world of investing can be confusing at first, especially if you’re not sure how to invest your money. However, once you’ve learned about the ins and outs of investments and started experimenting, it can change your financial outlook a lot. It could help you to create a more solid plan for your financial future.

Starting a Business

Starting a business is more common than you might think. An increasing number of millennials are starting their own businesses. Setting up a business is a lot of work, whether it’s just you providing a service as a solopreneur or you want to build a larger company with more staff. Some people choose to run a business on the side, taking care of it in their spare time. However, for others, it becomes a full-time effort, especially if they want to grow their company. Launching a business won’t necessarily make you better off financially, at least not right away, but it can feel like you’re more in control of how you earn.

Getting Financial Help

The decision to get professional help for your finances can change your life in several different ways. There are a few ways you might benefit from a professional helping you with your finances, from a financial advisor to a debt advice expert. Professional people have the skills and experience you need to manage your money, whether you want to choose some investments or find the best mortgage for you.

Any decision about your finances could make a huge change to your life. You should think about how you might be able to improve not just your financial situation but your lifestyle and happiness too.

GST and its impact on your personal finances – How should you adjust yourself?

The Goods and Services Tax or the GST has come into effect since the 1st of July, 2017 and it has just started creating a stir in the country, the consumer economy and especially among the business sectors. This new initiative by the finance minister is anticipated to enhance the entire procedure of tax collection and give a huge boost to the Indian economy. According to the latest news on GST, the personal finances of every individual will be impacted in a similar manner.

You must be intrigued to know how the GST will impact your finances. So, here we bring forth a few areas that will be affected by GST and how you should adjust your financial strategies.

#1: Mutual funds

Goods and Services Tax will lead to a slight increase to the expense ratio which is charged by mutual funds for purposes of fund management. As per experts managing funds will be considered as a service provided and hence this used to be subject to 15% in service tax and now that the GST is here, it will be charged at 18%.

#2: Banking

All kinds of transactions like loan processing in India, credit card payments, fund transfers and cash withdrawals will be a bit more expensive with 18% tax which has come into effect due to GST. But in the near future, the increase in tax collections will be normalized through input credit which can be claimed by the banks under the GST regime. Other services like fixed deposits and savings will stay as they are. You have to lower the number of transactions as this is the best way in which you can alleviate the blow from GST as it is coming on the customers.

#3: Insurance

As tax rates will go up to 18%, the costs that you have to pay in buying insurance policy and maintaining it will even move up slightly. Taxes are going to be 18% in the first year for all individual term policies and even on the premium that is there for renewal. For every 100 Rs. that you pay towards your premium, you have to give away Rs. 18 as GST too. Previous insurance plans, the traditional ones which had service tax of 3.7% on the premium will have 4.5% in the first year of GST.

#4: Gold

Gold is going to become even costlier and there is another proposal for 3% taxes on gold and on gold jewelry. They can even claim input tax credit in case of gold jewelry and this can be adjusted with the other taxes, as long as jewellers are concerned. If there are customers who sell back their gold to jewellers, they will not be able to get extra cost while buying the same again.

Therefore, if you’re worried about how the GST will impact your finances, you can take into account the above changes that it has brought to different areas of finances. Adjust the way you spend on things so as to stay on top of your finances.


All about the Collapse of Cooperative Cash after Demonetization

It was not until the peak kharif operations that the news of demonetization-induced collapse of cooperative credit surfaced to the fore. In Maharashtra, where farmers were supposed to reap benefits of institutional funding during kharif farming, the cooperative fiscal scenario is dismal to say the least. Read on to unravel.

Maharashtra: The Fall of Cooperative Banking

The gradual death of cooperative credit is a reality in Maharashtra. The state has received around 13% more monsoons this season, and this was the time farmers wanted to steer their kharif agricultural operations in full swing. The dismal performances of the cooperative banks in the state documented below will tell you why these farmers’ ambitions are seriously hurt.

It was only in the last kharif that NDCCB or Nashik District Central Cooperative Bank actually disbursed crop loans worth INR 1,608.55 crore. The target during the last April-June season exceeded by around 350 crore. This season, however, the bank has only given out a paltry INR 61.41 crore (as has been reported till June 27, 2017) and couldn’t even meet a much lower target of INR 1,101.05 crore.

The statewide financial fall

And no! Reading this, one would be absolutely erroneous in considering NDCCB as just an isolated struggling cooperative bank. The entire state is distraught with such worrisome prospects of agricultural finance after demonetization.

Across the state, the total disbursements made by DCCBs were only worth INR 5707.42 crore from April till June 27, 2017. The figure makes for a paltry 55% of what had been disbursed in April-June 2016.

Ask the grape farmer from Nashik, Santosh Garade and he will tell you that between May and the end of June, farmers should have been able to steer at least four rounds of pruning for four-acre vineyards. However, he hasn’t been able to conduct a single pruning this season so far. Pruning, notably, is necessary for the proper flowering of the crop from September to October and the consequent development of the fruit towards February – March next year.
Gorade goes on to explain that he needed to invest around INR 50,000 per acre for six rounds or pruning along with the application of fungicides, fertilizer and micronutrients. He has not been able to raise that money today either from the Nashik District Central Cooperative Bank or from the Bank of Maharashtra.

Demonetization and the Fall of Cooperative Cash

Notably, for the present kharif season, the state had set a total crop loan target worth INR 40,547.20 crore. The commercial banks have given out INR 24, 985 crore of this amount. DCCBs have only disbursed INR 13,108.38 crore and the remaining balance has come from regional rural banks. The current credit meltdown is largely about the DCCBs. It’s the cooperatives that are responsible for reaching out to the small and marginal farmers. Their services are designed to bail farmers with moderate loan requirements out of their financial woes.

It took just 3 days after the November 8 announcement to predict the possible fall. The banks were not allowed by the RBI to accept and exchange outlawed notes. Officially it was declared that they did not have fool-proof KYC systems backing their services – owing to which it was deemed that they might become the possible treasure trove of illicit cash.


The 8 Spending Errors You Should Avoid At All Costs

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Managing money is never easy. There are a wealth (pun intended) of considerations to consider when it comes to deciding where to invest, how to save, and how to budget. If only there were a guide written that expressly and adaptively considered your finances, took account of your spending temptations and drew up some form of tailored personal spending plan for the month automatically. It sure would make money matters a lot easier. Unfortunately, intelligent financial AI hasn’t been invented yet, so, until that day, we are chained to the responsibility of keeping our finances in check.

A simple do/don’t list will help you understand how to best stay out of debt and continue being financially progressive. It’s important to give yourself as strong a footing as possible, so a slight push will keep you on your feet. When it comes to finances the ‘don’ts’ are usually more important than the ‘do’s.’

This is because while a lucrative financial opportunity ‘do’ might be missed and cause you some heartache, that’s never worse than a significant ‘don’t’ that has the power to make you bankrupt. No one wants to be in that situation, so it’s important to lend a little foresight to your budget and understand just how is best for you to proceed in this case.

The following 8 ‘don’ts’ should be taken as financial axioms that you can keep close to heart, mind, and wallet as you navigate the financial landscape.

Repeated Gambling

A trip to Vegas with your buddies is one consideration, but repeatedly gambling in sports stores or online can quickly turn into a full-blown addiction, and your finances will always suffer. Gambling is one of the activities that can turn into an addiction more rapidly than you’d assume because the process lights up the dopamine centers in your brain. Thanks to the novelty, gambling can become endlessly entertaining, and as a result, bigger and bigger risks will need to be taken to keep you feeling that feeling of elation during a big win, or tension during a significant loss.

Gambling is a fun pastime for many of the population, and many can handle and control their use of it. In fact, betting stores are often employing measures to prevent people from becoming financially destitute as a result of bad habits and practices. However, they can’t be the parent of anyone coming into their doors to gamble, and so it falls to you to ensure you’re not risking more than you should be.

Losing money is too often a circumstance because the gambling stores are not set up to fail. They have certain contingencies in place to make sure that they allow the house to have an edge. Sports betting is slightly different in this regard, but it can still be dangerous if you spend money you don’t have. You can easily land in debt with a poorly thought out gambling habit.

Joint Accounts

Joint accounts are often a smart way for married or partnered couples to manage their finances together. There are many interest and tax reasons for a couple to do this, and all of them are valid. However, starting a joint account with someone you’re not sure of can be a terrible move to make. A new relationship, unstable wedding or other strange connection between people can be volatile financially, and this is never the time to tie your finances to that of someone else.

You should only ever open a joint account with someone, either in a loving or business relationship, if you are confident and have no doubts that their character is one to be fully, deeply trusted. As soon as you open a joint account and place funds in it, even if you earned those funds, the act of doing that is a communication that you are willing for the other person to spend your money. Act wisely, and with this in mind.

Credit Cards

Credit cards are a great financial resource for many people, and allow you to build up your credit rating with a fantastic rate of growth if you keep on top of your payments. The caveat there is if you keep on top of your payments. If you’re young or have a relatively low-paid job, it might be tempting to pick up a credit card to keep on top of those large purchases you’d like.

However, you’re likely to regret this when payments start piling up, and you can’t stay on top of things. No matter what you do, NEVER try and rectify this by paying one credit card off with another. The cycle will only continue, and soon you will be up to your eyeballs in debt. Be sure to deeply pour over the terms and conditions of any credit card you sign up for, and you’ll be sure to be in the best position to justify possessing one.

Payday Loans

As with credit cards, payday loans can quickly turn into fast recovery methods that can backfire on you quickly. There are going to be times in your life where your finances don’t stack up, and life feels like you’re moving too slowly. Maybe there are financial interests that you’d like to invest in right now, and the payday loan could help you do so. In these circumstances short of an emergency, it’s always best not to request one.

The interest terms on payday loans are usually quite high, and if you’re already struggling financially, you’re on dangerous footing to recover. Try and find other methods of income before you settle for this, no matter how flashy the television advertisements might declare themselves to be.

Ignore Debt

Ignoring debt is the single most destructive force on your financial and credit health that you could have. The debt will pile up, and you might be forcibly removed of your assets and potential financial future if you have too much debt. It’s important during this time to be as up-front and honest to your creditors about your situation as possible. It’s usual that if you communicate this effectively, they will allow you to begin a payment plan or similar through a collection agency. It’s also important for you to learn the benefits of debt consolidation. With it, you could even reduce the interest rate percentage, there’s more online here if you’d like to understand how.

Social Spending Pressure

Everyone wants to live like a king. Not everyone can live like a king. When you’re out with your friends, the sheer social pressure to keep up with proceedings can make you spend more than you otherwise would like to. It’s never nice feeling like the tight on in the group, so making bad financial decisions is raised here like no other time there is. Keep an eye on this and ensure that you don’t overstretch yourself to stay financially happy.


There are many scam artists around the globe whose sole intent is to separate you and your money through a set of devious means. These always spike when a new technology is introduced, or when a new and ingenious method of scamming is devised. It’s important to stay in the loop and ensure you keep a lock on your financial and identity security.

Making sure you shred important documents with your identity on them, having adequate antivirus protection on your phone when you’re logging into your online banking, using safe and secure passwords to access your financial accounts, or only using good, reputable services to spend your money with can all help you keep on top of your financial safety.

As well as keeping on top of your online financial security, it’s important that you stay safe in the real world. Never keep too much cash on you at one time, and always check the card entry slot at an ATM to make sure a false card reader hasn’t been installed.

A search of the internet can reveal the devious contraptions that creative scam artists construct to swipe your details without you knowing. This is important to stay on top of. Every month or so, search online for the latest scams so that you know how to react if one does approach you. A little financial awareness and intelligence help your hard earned cash stay in your pocket and bank account.

Never Budgeting

Repeated impulse buying, bad tax calculations and never putting money towards your priorities are often the most efficient ways to get yourself in a financial rut. It’s important to be aware as early as possible because you’re going to be managing your finances for most of your adult life. Setting up good budgeting habits as soon as you can will allow you to allocate money in the places you’d most like to place it, and give yourself a happy financial progression that encourages, even more, financial wisdom. Getting into this positive financial growth is much better than it’s opposite. Consider using specialty budget tracking applications like YNAB (You Need A Budget) to stay on top of everything.

Duly followed, these tips are sure to help even the most financially reckless person change his/her ways and proceed on the path to a higher financial understanding.

The extremely controversial Finance bill, 2017 – All you need to know

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Recently the Finance Minister of India, Arun Jaitley introduced the most controversial Finance Bill of 2017 in the Lok Sabha under the name of Money Bill. Off late, it was also passed with the majority of the Bharatiya Janta Party which enjoys the lower house. It was again re-introduced after the Rajya Sabha recommended few amendments to it. As expected by the financial analysts and experts, the Lok Sabha rejected the amendments suggested by the upper house and sent off the bill in its actual form A.

The Lok Sabha introduced by Jaitley was opposed by the opposition parties of TMC, RSP and BJD. The introduction of the amendments was termed by Opposition as ‘back door’ legislating which took away the right of Parliament to design laws. Jaitley defended the amendments by arguing that they were incidental provisions to the Finance Bill. He also added that the amendment was made to provide uniform service conditions to member judges. Check out few things which you need to know on the Finance Bill, 2017 so that you can be aware of its clauses and rules.

  • The 2017 Finance Bill came along with few new legislation and was passed on the 22nd of March, 2017.
  • One among the new legislation which isn’t being appreciated is that the Income Tax Officers can now raid homes of people without requiring any reason for the same. This is something that is being opposed to.
  • As per 2017 Finance Bill, any property of the person can be seized provisionally during a raid. In 1962, as per the IT Act, right was given to the authorities to seize assets which were all subject to raid.
  • Previously, in Section 132 of the Income Tax Act, 1961, it was compulsory of the tax authorities to offer reasons which the person in question had undisclosed assets or was not willing to disclose information which the IT department needed.
  • The Bill also offers the IT officers enough right to raid those properties where charity events take place. They can also look for information which they need in order to conduct those surveys.
  • You’ll now require knowing your Aadhaar Card for filing your income tax returns. You also have to make it compulsory to link your Aadhaar card to your PAN card lest the latter becomes invalid post 1st July, 2017.
  • The Bill has eliminated the cap on how much money any company can donate towards a political party.
  • With the 2017 Finance Bill, people can use the electoral bonds to anonymously donate to political parties.
  • The Finance Bill 2017 also brings down the limit of threshold of the cash payments from Rs. 3 lakhs to Rs. 2 lakhs.
  • The Bill also allows the Centre to choose tribunals members through a gazette notification.

Therefore, you being a citizen of India should know what the Finance Bill 2017 entails and how its clauses affect the economy of the individuals and also the businesses.

When would you know it’s time to leave your financial planner?

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Can you sense that your clients are thinking of leaving you? Will another age of muted returns lead even more clients of financial advisors to shift? As per a study done in 2016, more than 60% of high as well as ultra-high net worth respondents who switched advisors throughout their lifetimes. The percentage was 52% for the less-wealthy mass-affluent. But it seems that the numbers of dissatisfied clients are much higher. Inertia will keep few clients from moving from one advisor to another.

There are times when people become friends with the financial advisor and feel that they can’t leave him due to personal concerns. They actually don’t wish to hurt the sentiments of the advisor. Another thing they wonder is where they’re going to search for another financial advisor. For all those clients who are looking for a change, what are the few warning signs that they should look for? Let’s check them out.

Communication and performance

If clients have to judge the performance only, they need to provide at least 3-5 years of minimum and in an ideal situation, more than five years is probably best. It may indeed take too many years before you can actually see a specific investment strategy work. Ideally, you have to check how the strategy performs during bull and bear markets. The most important factor is trust. Do you think you’re not much comfortable to call on your advisor and speak about the plan and about the investment decisions? If no, then you’re probably working with the wrong advisor.

Not being able to communicate advisor value can lead to abrasion. There are many clients who often leave when they don’t wish to pay fees as they fail to understand what they’re paying for and when they can avoid all sorts of investment risk and put off all their funds in the bank.

Few more warning signs:

  • If you ask queries about your fees and your advisor isn’t able to explain that to you clearly in writing, it’s time to change ship.
  • If you don’t get timely response from your advisor, know that this won’t work for you.
  • If the financial advisor doesn’t offer an investment policy statement at the beginning of the relationship which gives you an idea of expectations of asset allocation, you should get someone else.
  • If you don’t get a clear-cut contract on what to expect and what not to, you should change your financial advisor.

Incoherent expectations

The key to retention is determining and meeting expectations of clients. Retention usually starts with spending enough time up front and feedback on client expectation on a continuous basis. Unless you are crystal clear about the things that you should expect from your advisor or those you won’t, you should never hire such a person to thrust on your finances on him

Therefore, if you’re wondering about the times when you should think of hiring a new advisor, consider the above mentioned points. Stay aware of being with the best company.

Apps to take control of your finances – Let your smartphone handle your money

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It can often be tricky enough to keep track of your personal finances, especially when you have multiple accounts to manage or any kind of credit card or store card. Money keeps coming in and flowing out and there is a saying which says that the more you earn, the more you tend to spend. It really doesn’t matter whether you’re always in the red or whether you don’t really know what being in the red means. It is always better to know what exactly you’re spending and how you can exercise control over your income and expenses. Here are few smartphone apps which can help you stay on top of your finances.


Mint is an app which comes from Intuit and it functions like OnTrees which allows pulling your multiple accounts into a single place by linking everything on to the app. You can track your spending, create a frugal budget, set up bill reminders and also get tips on how you can reduce fees and save yourself few extra pounds. This app categorises banking and other credit card transactions and you also get a Trends feature which allows you to track cash, credit cards, income, spending and net worth over time.


Wally gives you the permission to balance your expenses and income by knowing where exactly your money is going. It gives you the ability to set budgets and financial goals and also get receipts and export data which you enter in an Excel document. In case you location option is on, Wally will identify automatically and categorise where you are and hence you only need to enter the amount which you spent. There will also be smart notifications which will remind you of all the vital things like some upcoming loan payment or some goal which you achieved.


You Need a Budget is also abbreviated as YNAB is nothing but a companion app for YNAB for Desktop. You are allowed to enter transactions on the go, check your category balance before buying something so that you get to know what you are about to buy. You can view previous transactions on all your accounts for iOS devices and YNAB will cloud sync through all the compatible devices. For making the best out of this app, you can install the desktop version as that is the one which works best.


GoodBudget was initially called the Easy Envelope Budget Aid and this is based on the envelope budgeting method which includes virtual envelopes. Through this app, you can check your envelope balances and also your bank balances and there is also expense tracking that is available. You can sync everything through multiple devices including smartphones and iPhones and also the web. The app also delivers reports to modify the budget and see your income against your expenses.

Therefore, when you’re wondering about the best ways in which you can stay on top of your personal finances, you can consider installing the above mentioned budget apps in your smartphone. Download them free from your Android Market.

Accounting Success


As far as new business ideas go, an accountancy firm is a very attractive prospect. Firstly, financial help is something that people will always need, which provides a guaranteed audience. Secondly, even a small startup can potentially provide a world class service. Thirdly, and perhaps most tellingly, the financial rewards can be vast.

The incentives for starting an accountancy business are clear to see. But what are the key elements for achieving success in this fiercely competitive arena? Let’s take a closer look.

Financial Responsibility

As an accountant, you understand the importance of financial stability more than anyone else. After helping so many others get theirs in a better shape, it can be very easy to forget your own. However, you simply cannot afford to let this become an issue.

Failing to grasp the concept of financial control is the main reason that the vast majority of new businesses crash and burn. Avoiding the costs before it’s all lost is the only way to give your venture a genuine short at sustainability. Even if it doesn’t make the difference between success and failure, it will take profit levels to another level.


Money is far too important for the customers. As such nobody is going to trust an accountant that cannot prove their worth to the client. Increase your value by studying for an MBA in accounting online. It can be the perfect way to support past qualifications and experience. Similarly, highlighting the successes of your team can work wonders.

Paperwork and awards are one thing, but positivity from customers is even better. Testimonials, even if they’re for your work at a previous job, can put client fears to best. Ensure that items are complemented with great security features, and you will be just fine.


Customer Care

First and foremost, your job is to handle a client’s accounts. However, you also need to appreciate the need to take care of them too. They can feel a variety of emotions during this time ranging from confusion to fear. Consequently, a great customer care game is almost as important to the success of the business as the accounting activities.

Contact details should always be easily accessed via your website and other channels. Meanwhile, you should always aim to give clients regular updates, especially when there could be a delay. Essentially, if you keep them in the loop with a transparent approach to business, they’ll keep coming back. Once your accountancy has that solid client base, success is assured.

Competitive Pricing

Once you’ve gained a client, your quality service should be enough to retain their loyalty. However, recruiting new ones can be tough. Given that money is top of their agenda, you must not price yourself out of business. Knowing what you should be charging for services is key. After all, it’s better to make small profits on a regular basis than lose all potential custom.

Special offers can be a fantastic tool in the early stages. Right now, any profit should be seen as a positive. Once you’ve built your reputation, you can start to command the big bucks and look at expansion.

Does Being Ruthless Help You Financially?

This is a question that many people grapple with. How ruthless do you have to be to stay afloat financially and get on in life? Most people are not naturally ruthless, and they don’t always fight for their rights when they could or should. But does it really make a big difference or not? Read on to find out more as we discuss and debate some of the key issues.

Cooperating and a Friendly Approach to Life Can Get You Far

Being too hostile in life and not working well with others will not lead you to prosperity. In fact, it can be pretty damaging in some cases. So, being ruthless 100% of the time is certainly not a good way to conduct yourself. When you take that kind of approach to life, you will just cause some people to dislike you, and that can have repercussions. For example, in your career, you need to make sure that you are getting ahead and impressing people. If you are too ruthless in your pursuit of a new job or a promotion, this won’t work out very well for you.

But Allowing Yourself to be Ripped Off Won’t

However, you also have to remember that allowing yourself to get ripped off and deprived of money that you think should be yours is not a good idea either. You will never go far and achieve the things that you think you could if you are a soft target in life. You have to be willing to stand up for yourself and show the world that you’re not going to roll over and accept being ripped off. That kind of steel and toughness not only ensures that you always get a fair deal and can protect your money, but it also proves you’re not a soft target.

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If There is an Injustice, Fight for Compensation

When you suffer some kind of injustice, you should also fight for any compensation that you’re owed. Many people don’t like doing this because they think that it’s too much hassle, or they assume that no one cares about your problem. There are people out there that can help you, though. If you suffered an accident on a company’s property, companies like David Resnick & Associates, P.C could help you. And there are other law firms that specialise in all kinds of other areas of the law too.

Look After Your Interests, Especially Companies Are Trying to Take Advantage

You always need to be looking out for your own interests. The first step to doing this is understanding that many people and companies aren’t on your side. If you get into a dispute or have a problem with a company, they will want to protect their money. By understanding that, you can make sure you protect your interests too. There is nothing at all wrong with wanting to do that. When someone or some company tries to take advantage of you, make sure you know where you stand and what your rights are.

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