The 5 Most Used Lies By Banks and How to Avoid Them

The banks are your friends,” of course, note the sarcasm in the phrase; it is time to wake up. This is one of the biggest lies that you have been introducing since you started being a newbie in the world of finance. The reality is different, and although it sounds harsh, these banking institutions use many great tricks with only one purpose: to take away our money.

The big banking groups live on money, like blood-sucking vampires, but in an economical version. Is there a way to evade their tricks? Yes, you will have to pay attention here and apply each piece of advice. In this article, we are going to present to you the 5 most used lies by banks and how to avoid them.

  1. You are obligated to pay commissions

The first lie on the list is one of the most common, and surely you have already encountered it. It is about the blessed commissions, which, to anyone, would give a good headache. These are applied for ” account maintenance” and a myriad of reasons that do not have much foundation. Check out America's Best Bookkeepers

This point is that the banks claim they cannot eliminate them from any account of a natural person or even small businesses. It is a fact, however, that these can magically be eliminated from large accounts. Is not it suspicious?

But for your information and your benefit, you can evade these commissions calmly, all in a legal way. For this, you only need negotiation skills and follow certain tricks. First, record this. The client is not obliged to pay commissions.

Surely, they will send you right to the office of some promoter, where they will entangle you with many words and credit promotions. Evade all this and state your situation. As a last option, if they refuse to help you with the negotiations, announce your definitive withdrawal from said bank. Believe it or not, this works since you will not want to lose a client.

  1. To close your account, you must go to where you have opened it

Any bank wants to keep its clientele “dependent” on its financial management and the whole thing. The point is that when some of them finally want to close their account to stop dispensing with their services, they go to the second lie of this article: ” you must close your account at the branch where you have opened. “ Total lie!

It should be noted that any bank has the power to close an account from any branch, whether the customer is physically present. You can use media such as telephone, written requests, either paper or digital (email).

As you probably have already noticed, losing a client to the bank is an intolerable fact. They will not let you go that easy. Insistence is the key to achieving your goal. Check out America's Best Bookkeepers

  1. Advice on investments

The misnamed ” investment advisors “strategy is used to attract large and small victims to a trap that will end up just getting your money. These come to you seeking to make investments in products that they consider effective for capital gain, which is nothing more than a hoax.

In this situation, you should know that every action taken by the bank is linked to orders from government institutions, which have other purposes than helping you with your money.

For example, in Spain, there is the case of the Territorial Directorate, which is, in most cases, the one that dictates to the banks “what products they must sell to their customers.”

Once these meetings have been carried out, which are not so different in other countries (even in Latin America), the banking groups must sell a specific product right and left. This includes youth or elderly clients.

Remember, the bank is not your friend; much less can advise you on managing your finances. Such staff may not even have any training at the economics level, so you know ​​how serious the issue is.

To avoid falling into this vile trap, he resorts to other media to obtain information regarding elements involved in the current market. This way, you will have a much more realistic idea of ​​where you should invest your money.

  1. Promote ” instant credits and low interest

Put yourself in this situation: you are looking for a quick way to get money to invest in your new project or business. You go to the bank for a loan and perfect, they have approved you! Everything seems magically good, and they have mentioned an interest rate of 2% in a period of 2 or 3 years. What more could you ask for?

Be incredibly careful to fall into this specific lie since the repercussions that could have on your financial life could be quite damaging. Credits rarely remain with a fixed interest rate and less at such long terms.

Inflation is a factor that you should consider before going to any of those false-friendly loans proposed by the bank. In extreme cases, people have ended up paying more than twice what they originally purchased for simple increases of up to 15% interest abruptly. Check out America's Best Bookkeepers

  1. Offer “free” products

In many cases, banks go to the lie to offer credit cards, specific products, or ” give away ” discounts. They boast of offering their customers all this for free, do not let them persuade! Without exaggerating, in at least 95% of cases, it is like signing a contract with very small letters hidden in between.

The bank will never tell you about the hidden costs that are included in the gifts it offers. Among them are tax costs, annual maintenance, or transportation, if it should be sent to your home.

These costs are sometimes really exaggerated, reaching, for example, three times the cost of a shipment of any of these gifts to your home than what you would pay for high-quality entrustment services. How about?

But more than that, the products that the banks offer for free will force you to stay in the bank. You may be accepted to keep your card, account, and other tools linked or affiliated to a specific bank without the right to cancel any. Be careful with this!

Finally, the best you can do is limit the use of the bank to save your money without many commitments, or if you prefer, go to other institutions such as Credit Unions or cooperatives, which do not go (not as often) to such lies.

It should be noted that not all banks fall within the same lot described here. However, since paper money stopped having the backing in gold that it previously had (more than 100 years ago), we are before an economic society that cannibalizes itself. It is better to keep at bay the operations you do with these institutions since no other.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

The Best Way to Start Investing Your Money

The index funds are my favorite investment funds, and so have most of my money invested in such funds. This article will tell you everything you need to know about indexed funds, even if you don’t know anything right now.

You will discover what exactly they are and how to invest your money in indexed funds without spending time or complicating your life and aspiring to excellent returns. Also, I will tell you how I invest my own money and what my preferred index fund is. Check out America's Best Bookkeepers

What are index funds?

 Indexed funds, index funds, or passive management are investment funds that directly replicate a stock index. An investment fund allows you to invest your money in thousands of companies at once, and fundamentally there are two types, assets and indexes. The active fund includes, such as Bestinver, Cobas AM, True Value, etc. They are led by a manager who intends to exceed the profitability of the market.

On the other hand, indexed funds replicate the most crucial stock indexes, such as the IBEX 35, the S&P 500, the Euro Stoxx 50, or the MSCI World. In this way, you make sure to obtain the historical profitability of the markets in your investment portfolio. This return is approximately 7% per year.

Advantages of index funds Check out America's Best Bookkeepers

  1. Meager commissions

Commissions are essential when you invest your money since an extra 1% annual commission will make your profitability much lower in the long term.

The indexed funds have the lowest commissions in the market, being able to invest in some funds of the best managers such as Vanguard or Amundi, from only 0.30% per year. An annual management fee of less than 1% is perfect and will make your long-term results excellent.

  1. You aim for an outstanding average return

As I told you before, the historical profitability of the stock market has been more than 7% per year. If you invest your money in an index fund that replicates a vital index, you will likely achieve that profitability in the long term.

You already know that the stock market is unpredictable and that past returns do not ensure future returns. Still, if you invest in the long term, the risk is minimal.

  1. Low risk and high diversification Check out America's Best Bookkeepers

The fact of being able to invest in thousands of stocks and bonds in a single fund makes your diversification maximum, and therefore your long-term risk is minimal.

Also, you can combine several funds to not invest all your money in equities or exchanges and give more weight to the fixed income depending on your investor profile.

The minimum investment is meager so that you can make periodic contributions. If you want to invest directly in stocks or do it in active funds, your investment amount must be minimum. But, it is not suitable for indexed funds. You can invest in indexed funds in the US with minimum contributions of $100 or $150 per month, even $50 per month.

  1. Index funds and tax benefits

Investors start facing relatively low turnovers since they start managing index funds passively. It means managers place a few trades during a given year. Fund managers produce the least capital gains distributions as they place fewer trades. They pass along to stakeholders or shareholders.

  1. Least Expenses

The function of passive manages of index funds is their lower expenses. Fund management starts decreasing than actively managed funds when there is a lack of stock and bonds research process. They should conduct it to buy and sell for the portfolio. Investors pass these savings costs along with them. That’s why find index funds with minimum expense rates. Investors will work more efficiently when you have the least expenses and maximum money than in the opposite situation. In this way, your outperform actively managed funds provide potential. Compared to actively managed funds, you can keep your expenses lower as it is an essential benefit of index funds. As you lower your expenses, the more savings and profitable earnings you will have or earn. 

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

Linear Model of Business Innovation

Innovation is an idea or invention translated into a product or service that creates value for customers and can be replicated at an economical cost. Moreover, the idea should be novel, so the innovator can charge a premium for a specific period until, or unless, the innovation is copied by others. Below are several innovation theories: Check out America's Best Bookkeepers

Linear Model of Innovation

Innovation follows a linear model that is based on three different stages: invention, innovation, and diffusion. The model suggests that it follows three different steps whenever an innovation occurs, either in business or science. Firstly, the innovator invents something.  Next, those things transform into innovation where the inventor can take full advantage of the product and develop it for the final step.  Lastly, during diffusion, the innovation starts to be copied by others. Once it reaches the diffusion stage, the innovation cannot provide a long-term advantage to the innovator.  This creates a linear model with a definitive beginning and end.  

Process of Innovation

The theory, known as innovation, highlights how a company can innovate its offerings and services to grow its business and compete in the market. The process of innovation is related to business strategies that make a company competitive.  However, to fully understand and implement business strategies, it is crucial to understand the process of innovation.

The innovation process consists of six different stages, including see, understand, differentiate, lead, model, and grow. Check out America's Best Bookkeepers

See

In the first stage, it is the responsibility of the innovator to understand business needs and innovate its products and services accordingly. In addition, it should be clear to the company which areas are the most crucial and need innovation and change.  When areas needing innovation are not obvious or not provided, innovation cannot develop, and the company might be lead in the wrong direction by misdirecting resources.

Understand

It is the most crucial stage of the innovation process because, under this stage, the company determines the customers’ needs and then compares them with the existing products and services. If the company is successful in this stage, it can easily provide better solutions to its customers, increasing customer confidence and hopefully generating revenue.

Differentiate

After understanding customers’ needs, differentiating them is the second most difficult stage because a company needs to provide customers the best solution after differentiating itself from rivals.  This is not easy because there is a high risk of customer rejection, and the company must innovate according to customer requirements.

Lead

In this stage, the company must innovate things in its internal systems. Internal innovation is necessary for the company because internal process innovations mean offerings and services become easier and vice versa. Internal systems must grow with the company. Check out America's Best Bookkeepers

Model

The business model is crucial for every company because if it is not aligned with its business strategy, the company cannot compete successfully. Business model innovation is important because products and services cannot be successfully innovated if the business model and strategy are not innovated.

Grow

It is the last stage of the innovation process because, in this stage, the company can analyze whether a specific innovation provided any advantage to the company or helped the business to grow. Furthermore, if the innovation process works effectively and efficiently, it will add value to the business. Similarly, in this last stage of the innovation process, the company can see whether the business is growing or not.

Understanding and implementing innovation is vital for business growth and development.  It works in conjunction with business strategies to ensure a business meets customer needs, remains competitive, and grows in a direction that makes the company profitable and sustainable.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

10 Unnecessary Money Expenses That Go Unnoticed

Some money-saving tips are obvious: not flying first class, eating out at restaurants less, or giving up bad habits like smoking. Similarly, there are opportunities to save that are sporadic and do not offer consistent savings month after month.  These can include choosing a less expensive hotel for vacation or purchasing a used car instead of a new one.  While these are great tips, they will not help lower your monthly expenses.

Below is a list of 10 saving opportunities in everyday activities that often go unnoticed:

  1. Do not buy branded products

Buying generic brands whenever is an option that can save money without significantly sacrificing product quality. In most cases, a quick comparison of ingredient labels between two products shows they are identical but have significantly different prices. For example, it is common to find generic medicines because patents have expired on the branded medicine. They have the same components, but they are sold at a lower price.  Check out America's Best Bookkeepers

  1. Courier services

Anticipate the need to send and receive letters or packages by courier so you avoid paying express delivery fees. Overnight or expedited delivery can cost up to 10 times more than the typical rate.

  1. Paying a mechanic

Basic car maintenance skills are no longer a priority to learn or teach.  It is now the preference to pay someone else to complete maintenance for us.   Unfortunately, this means money is spent each time you take your car to a shop for every small complication.

Several car problems are simple and do not require a professional mechanic to solve them.  Online research can be done to assist in routine maintenance tasks that can be performed at home. Check out America's Best Bookkeepers

  1. Buying food when you are hungry

If you shop at the supermarket every time you are hungry, you are susceptible to buying extra food you do not need or not eating. This also happens when you go shopping with too much free time and without a predefined shopping list. If you visit the supermarket with a defined list of products and have other tasks to do, you are less likely to spend time exploring the aisles and purchasing more food than you need.

  1. The purchase of a snack

All those bottles of soda and bags of chips that you consume when you refill your gas tank or stop at a convenience store make a difference in your budget and your diet. If you assign a small defined budget to moderate the consumption of snacks, you will see that you can save a significant amount per month. It can also be economical to buy snacks in bulk at supermarkets at a lower cost. With $20 in snacks purchased in bulk, you will save about $30 to $180 in snack purchases at a corner store or a service station. Check out America's Best Bookkeepers

  1. Your bank

If you are careless, banks and related financial institutions can be money vacuums. For example, whenever possible, try to use the ATMs of your own bank to avoid paying cash withdrawal fees.

Look at your accounts and review the annuities, interest rates, and additional benefits of the credit cards you have, and see if there is a better option on the market that meets your payment habits.

  1. You do not keep your car tires properly inflated

When your tires do not have the ideal amount of air, they can increase your car’s gas mileage and energy consumption. Keep your tires inflated properly, and you will save money on gas that you did not even know you were losing. Set an alert on your mobile phone to schedule a periodic review.

Saving money can often seem like a daunting task but observing your spending habits and making these small adjustments can help you save more money each month.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

Benefits Of Social Insurance: Effective Claim

Often the government will reject a claim for social security benefits. However, this does not necessarily mean that the applicant is not entitled to benefits. Unfortunately, many applicants abandon their claims instead of proceeding with an appeal. The appeal process can be intimidating, but below are factors to consider that can help you get the benefits you are owed.

What is the problem?

Why is the process of obtaining social security benefits sometimes so complicated? The main obstacle in claiming social security benefits in the United States stems from frequent fraud regarding simulated disabilities and invented stories or illnesses to collect Social Security for Disability. As a result, when people suffer true disabilities, everything becomes more difficult. Check out America's Best Bookkeepers

As is logical when faced with lies and inventions, the authorities of the Social Security Administration, who oversee granting Social Security for Disability, have reinforced its controls and filters. This means that when a person has a real disability, they must go through a longer and more complex process.  It becomes necessary to have an experienced lawyer who can demonstrate his case in this situation.

Legal requirements

To qualify for Social Security disability benefits, you must have held jobs that paid Social Security or Social Security taxes. This means you have been working legally and been paying taxes. It is also a requirement to have a Social Security Number, be authorized to work in the United States or have a B-1, D-1, or D-2 Visa, and be able to verify that the person is in the country legally.

About the medical condition

In addition, the person must have a medical condition that meets the definition of “disability” of Social Security. Normally, the United States government grants monthly benefits in cash to those people who cannot work for more than a year because of a disability. This benefit does not apply to cases in which, for example, the person has had an accident at work and cannot work for two, three months, or eleven months. In such a case, this worker is likely to apply for  Workers ‘ Compensation or  Workers ‘Comp, not Social Security Disability. Check out America's Best Bookkeepers

The definition

Social Security only pays for a total disability. No benefits are granted for a partial disability or a short-term disability. The term “disability,” according to Social Security, is based on the inability to work. A person is considered disabled under the rules of Social Security if:

He cannot perform the work he did previously.

It is decided that he cannot adapt to another job due to his medical conditions.

The disability has lasted or is expected to last at least one year or result in his death.

Old people

It is important for seniors who receive this benefit to know that their disability benefits will automatically be converted to retirement benefits when they reach full retirement age. The amount will remain the same.

Am I entitled to social security benefits?

The social security department has five steps to determine if an application for social security benefits must be approved.

  1. Is the solicitor working? An application will not be considered for disability benefits if you earn more than a specific amount each month. If you earn less than this amount, the social security department will continue your investigation. Check out America's Best Bookkeepers
  2. Is the solicitor’s medical condition serious? For the social security department to determine the applicant as “incapacitated,” the medical condition must impede the applicant’s basic work functions.
  3. Is the applicant’s medical condition on the department’s list of “disabling conditions”? If the condition is not in the list of conditions automatically approved as an inability, the department will check if the condition is as serious as those in the list.
  4. Can the applicant work as before? If your injury prevents you from working, the department will consider your application.
  5. Are you able to do another type of work? The social security department will analyze the applicant’s age, health status, education, professional experience, and skills to determine if they can perform work in another capacity.

If the applicant is not physically able to do other work, the social security department will declare him “incapacitated.”

In addition, the applicant must have worked recently and for a specific period to comply with the requirements of the social security department.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

How to Set Up a Bakery to Captivate Customers

The scene is repeated every day: minutes after leaving work, the subject goes to the neighborhood bakery and needs to share the space with dozens of people. While waiting in line, the smell of fresh bread invades the environment, and it is impossible to stop the imagination. Finally, how to set up a bakery to take advantage of that demand and leave an employee’s life?

How to stand apart from the rest? Make a one-of-a-kind face and personality for your business. It gives you a character and makes it simpler for your customers to remember you. Everything characterizes your image’s picture, from your logo to the name on your pastry kitchen’s door handle. Pick fitting hues and normalize the palette for all marking things. Utilize other structure components to help you in making your pastry kitchen’s writing material. Download A Free Financial Toolkit

At the point when you are situating your bread shop brand, recollect everything should be reliable. You must be unique in your arranging and execution. Situating a brand can be a mind-boggling task, yet if you know your systems, usage timings, and you’re imaginative — at that point, everything works out.

In this article, you will learn how to set up a bakery with some of the main factors determining success in the area.

How to set up a bakery

The first step to assemble the bakery is to evaluate the demand. It resorts to market analysis, which considers the behavior of consumers, competition, and suppliers.

Michel Suyas argues that it is possible to divide the clientele into three types :

  • The consumer who is a loyal customer and promotes the bakery among his friends and family
  • The customer from outside the city, who visits the bakery when it is close to the premises
  • The client who appears once and never returns Exit Advisor

As in all companies, the challenge is to offer quality products and services to captivate the consumer and have more customers of the first type than the third. The brand is built thanks to your service, the selection of products, your quality, and consistency to meet the demand.

For this, the entrepreneur recommends that the entrepreneur pay attention to the process of opening the bakery. “The inauguration is important because, at that moment, you select the equipment, according to the desired quality and quantity, and project the structure,” he says. It should be remembered that the planning of this stage is essential to avoid failures in the future.

Observe the risks

Like any other business, opening a bakery involves risks for the entrepreneur. To minimize them, it is necessary to identify the weak points and look for solutions that make the bakery profitable. Suas believes that there are four determining factors for the failure: Cubicle to Cloud virtual business

  1. Location

The demography of the cities constantly changes, depending on the real estate evolution and the alterations in the business scenario. You need to pay attention not to be surprised by a sudden change in demand.

  1. Rental agreement

Michel Suas explains that, depending on the value, the rent can affect the bakery’s profits. The recommendation is to stipulate a limit of 6% of the invoiced monthly.

  1. Cost of food

The cost of food is what generates the greatest loss in this field. Not only to produce bread and cakes, but also by the waste of supplies and that which is not consumed.

  1. Cost of labor

To create a bakery that produces quality and consistently, it is necessary to invest in skilled labor and train these professionals, which raises costs and may harm profitability.

Finally, the specialist points out that it is necessary to understand that it does not make sense to open a bakery if you do not have anything special to offer about the competition. The search for a competitive advantage must be the mantra of those who intend to start in the area.

CorpNet. Start A New Business Now About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Complete Controller. America’s Bookkeeping Experts

How to Get Housing for Young People?

Ongoing monetary, social and political change has brought about more noteworthy vulnerability in the lodging alternatives of youngsters in the US. The downturn has featured difficulties, for example, high youth joblessness and an absence of accessible credit.

Accessing a home is a task, each time, more complicated. Since the recovery began after the economic crisis and the bursting of the real estate bubble in 2008, the prices of houses for sale and rent have only increased.

All this puts in a bind the buyers who have to, first, calculate their mortgage; then, request it and, at the same time, have the necessary savings to meet the initial payment of the property that the bank does not lend them. On the other hand, the tenants suffer from assuming the rent as they consume more than half of their monthly income. Check out America's Best Bookkeepers

In this scenario, the most disadvantaged are young people who are the ones who, in general, have lower salaries and fewer savings due to their young age. The Ministry of Development, with the collaboration of the autonomous communities, has developed the State Housing Plan 2018-2021. They intend to help children under 35 with financial difficulties access a home more easily. We collect what the keys to request these grants are.

What is the State Housing Plan?

The new State Housing Plan 2018-2021 aims to facilitate decent and adequate housing in a rental and property regime for young people with limited economic means. For this purpose, direct aids will be granted to the tenants, and subsidies will be granted to purchase the dwelling.

Who can apply for this aid?

Rent and purchase aids may be beneficiaries of the rental subsidies all natural persons of legal age who meet the following requirements: Check out America's Best Bookkeepers

  • Be the owner or be in a position to sign a tenancy contract as a tenant.
  • Be less than 35 years old at the time of requesting assistance.
  • That the rented property constitutes the habitual and permanent residence of the tenant.

Have an income equal to or less than three times the Public Indicator of Multiple Effects Income (IPREM). This requirement includes all persons who have their habitual and permanent address in the rented dwelling regardless of whether they are the rental agreement owner.

The monthly rental price must be equal to or less than $600. However, the autonomous communities may increase up to $900 the maximum monthly rent in certain municipalities when they justify it.

For the case of the acquisition of the house, the conditions are similar although with slight variations:

Be able to sign a public or private contract for the purchase of a property.

Be less than 35 years old at the time of requesting assistance.

The property to be acquired will constitute the habitual and permanent residence of the buyer for a minimum period of five years from the date of occupation. Check out America's Best Bookkeepers

The housing is in municipalities of less than 5,000 inhabitants and has an acquisition price of fewer than $100,000.

Exclusions

These aids will not be granted as long as the applicant or any of those who have their habitual and permanent residence in the dwelling object of the lease or purchase contract is in one of these situations:

  • Owning a home in the UK, except those who hold property to prove the unavailability of the property due to separation or divorce or cannot live there for any other cause beyond their control.
  • Have kinship or affinity with the landlord of the property.
  • Be a partner or participant of the person who intends to rent the property.

In addition, in the case of rental subsidies, these will be incompatible with the perception of any other Emancipation Basic Income program or plan that may be granted by the autonomous communities, local corporations, or other public administrations or entities.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

How to Start an E-store?

The era we live in is the digital era that has been powered by technology. Technological advancements have improved the living conditions of the people and introduced better solutions for every problem. Ease, convenience, and satisfaction are the three factors technology bring to people. And a result of this is the facility of online shopping.

E-commerce or online shopping has revolutionized the shopping experience for people today. It is one of the greatest outcomes of technology and is on its way to replacing brick-and-mortar stores completely!

Who would want to get out of their homes, waste their fuel and time to go out and stroll through the malls when they can go through the shops using their smartphones? Shopping has never been this comfortable as it is now with e-stores!

People who have their brick-and-mortar stores and have observed a drop in their customers need to revisit their strategy. With everything going digital, why are they not working for a digital shift-over?

Here is a comprehensive guide to starting an e-store for retailers who wish to launch their online stores. Also, the people who want to try their luck with e-stores can follow this guide to establish for themselves a digital presence. Check out America's Best Bookkeepers

Step 1: Defining the product and the business plan

Planning is the first and the foremost step in building an e-store, and it begins with defining the niche.

(i) Identifying the niche:

Before one starts an e-store, it is best to identify a niche. What products will the store offer its customers? What will be the category of its products? These are the most critical questions that need to be answered before proceeding with an e-store.

(ii) Try selling on a small scale:

After the category has been decided and the products are listed, it is a smart approach to selling it on a small scale. It can either be done by selling it among friends or from one’s social media profile. Selling the products on a small scale helps analyze whether the products will attract the customers’? Will they spend their money on purchasing the products? It lays down the foundation for the decision of whether to start an e-store or not.

(iii) Planning:

Once the analysis has been done, it is time to draw up a detailed plan. A business plan needs to include the name of the e-store, list of products, whether one is creating the product or getting it supplied from the manufacturer. Also, it must consist of all the costs involved in the whole setup, whether the customer will have to pay through online payment methods or cash on delivery. Even the most minor aspects must be taken into consideration while coming up with a plan.

(iv) Registration of the business:

After the plan has been drawn up, the next step is to make it official. The first step of execution includes the registration of the business with the state. The business will have to be registered with its name, and all the necessary paperwork will have to be filled out. Check out America's Best Bookkeepers

Step 2: Building the store

Completion of the paperwork leads to the next step, which is to set up the e-store. This phase includes the following steps.

(i) Domain name:

The first step in the execution phase is to register a domain name. The domain name must be catchy, unique, and short. There are some cases where the name is already taken. The registration service does provide alternatives. If one does not like the other options, one can be creative with the name.

(ii) Web hosting service:

The website must be fast, efficient, and user-friendly, else it does not generate traffic. Therefore, choosing the right hosting service is essential. There are free services available, but it is best to pay and get the best one possible. The ideal hosting service is the one that has an option of customization.

(iii) Design of website:

The design of a website must not be too vibrant. It must be relevant to the products being sold. It must have an easy call-to-action interface with an easily navigable structure. Choose the themes and the colors that reflect the products. It should be designed in a way that a customer gets to the required page within two clicks. There must also be a way through which email addresses can be collected to send promotional emails.

(iv) E-commerce software:

The e-commerce software is a significant step while setting up an online store. It is what provides security when a customer makes a purchase. It also contributes to the overall customer experience; therefore, it is advised to choose the software wisely.

(v) Merchant account:

To add the feature of online payments, one must set up an account in a bank. With this feature, the customers can pay through their credit cards. For small e-stores, it is not very practical to use a bank, as it will be costly. Many e-stores use online payment apps such as PayPal, as it is cheaper than a bank. Check out America's Best Bookkeepers

Step 3: Marketing

The next phase after an e-commerce website has been created is to start with the marketing work. The marketing strategy must be strong. Marketing helps in not only attracting customers, but it is what helps in retaining customers.

(i) Digital marketing strategies:

There are two ways to carry out the marketing of a store; traditional and digital. As we live in a digitalized world, going digital is the right way to proceed. Many digital marketing strategies can be used. The most important is Search Engine Optimization or SEO. It helps in raising the ranking of an e-store, thus, being visible to a broader audience. PPC, Social Media Marketing, Influencer marketing are the top ways to get further with the store.

(ii) Blog:

A smart way to generate traffic is by adding a blog to an e-store. There is not much content on an online store. This means that the power of keywords cannot be effectively used. A blog section can be added to include the keywords, which will, in the result, contribute to a raised search engine ranking.

Starting an e-store is not particularly challenging. By following this comprehensive guide, one can set up an e-store. The real game is the marketing and the way one spreads the word about their e-store. The first phase, an e-store setup, is complete with these simple steps, and one may proceed to the next step!

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

Tips for Management During Downsizing

The term downsizing means cutting back the cost of the company by laying off the employees. A few consider downsizing a temporary measure in which workers may be rehired, while others see it as a more permanent downscaling. Downsizing can happen for some conceivable reasons. Mostly, corporate downsizing is due to the poor monetary situation. Usually, corporate organizations need to decrease the jobs with a specific end goal to bring down the expenses or retain productivity and profitability. Likewise, downsizing can also happen amid a merger between two organizations or procurement of the organization by any other organization. If the acquisition or the merger has not yet happened, an organization may downsize to look similar to a suitable competitor. Check out America's Best Bookkeepers

Considering the other events, if the economy gets weakened or new products are launched, downsizing occurs. Downsizing could also happen when business owners need to ‘streamline’ an organization. This alludes to corporate rebuilding with a specific end goal to ensure growth in profits and boosting productivity. One of the essential reasons behind the downsizing of the employees is to lessen the expenses. Employee payroll finances consider it a risk to the organization’s finance record and, consequently, diminishes the owner’s equity. Downsizing is a decrease in organizational size and working costs executed by the administration with a specific end goal to enhance authoritative effectiveness, profitability, and the association’s aggressiveness. Casualties are authoritative individuals who automatically lose their jobs because of organizational downsizing.

Organizational downsizing influences the work procedures of business since the final product of downsizing is usually fewer individuals working the similar workload that was present before the downsizing occurred. The undertaking of downsizing brings about two groups of individuals: casualties, the individuals who automatically lose their employment because of organizational downsizing, and survivors, the workers who stay after the organizational downsizing happens. When an enterprise plans to cut costs, the question arises about reducing the number of employees. Without a system for managing the number of workers, the enterprise begins to face the growth of its staff costs. Check out America's Best Bookkeepers

It is crucial for the management of the organization to realize the methods and procedures of downsizing. They must be aware of the methods to implement the process. It’s not just about empty offices; it’s about a radical change that affects the employees who stay in the organization. The remaining staff will experience many emotions, and employers need to make concerted efforts to keep morale up, mitigate problems of low productivity, and avoid job dissatisfaction. Employees who leave the organization will often share their experiences (good and bad) on social media and other forums, and the reputation of your company can quickly suffer.

Tips to Manage the Process of Downsizing

  1. Clear the Communication Channel

Open and honest communication with employees by sharing what you know and do not know about the impact of the economy on the organization will help reduce employee uncertainty. Use regular meetings with employees so that they have the opportunity to ask questions and reduce their stress. Check out America's Best Bookkeepers

  1. Invest in training

Keep planning for the future, and show employees that they are important. Offer training opportunities such as e-learning and luncheon conferences. Encourage employees to join professional associations and mentoring programs.

  1. Engage your employees in the decision-making process

Employees can suggest alternatives to layoffs, such as a pay cut, closing the business at noon on Fridays, or other cost-saving measures. Employee support increases when they are involved in the decision-making process.

  1. Stay positive

Maintain a positive attitude by sharing good news on a large scale.

  1. Try to keep the little things

When budgets are tight, the first reflex is to cut everything that seems non-essential. If you can, try to keep the small benefits that are not very expensive to boost morale in the workplace.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

Value of Workplace Ethics and its Impact on Productivity

It’s the responsibility of every business to foster an ethical work environment for all its employees. It should be inclusive of all individuals, focusing on the core values of integrity, respect, and accountability. It empowers the workforce and helps boost productivity, and earns the company their employees’ dedication and loyalty. By imposing strong workplace ethics, businesses can easily prevent discrimination and other unethical and criminal activities at their roots. It helps employees thrive in a comfortable environment where they have job security, and their voices are heard. It removes any misconceptions that may arise between them and management and ensures a transparent line of communication. Below we will provide some examples of the importance of maintaining workplace ethics and its impact on productivity. Check out America's Best Bookkeepers

It helps reduce turnover

Employee turnover is usually due to employees accepting positions with different organizations, either because they receive better offers or are discontented with their current company and wish to be a part of better work culture. Employees are the most valuable resources a company has, and if there is a drop in quality employees, productivity will soon follow. Creating a secure work environment means providing benefits like free coffee or a recreational pool table but investing time and money to ensure that everybody feels comfortable while doing their work. Job security is important, and it is imperative to create an environment where employees feel safe without being harassed or disturbed. If they have any qualms about the work they are being asked to do or the company’s lack of policies, they will, no matter how much they are being paid, eventually leave it. It’s a bad reflection on the company and can hurt its brand image. They could lose out on potential business deals and prospective employees unless they address their concerns. Check out America's Best Bookkeepers

Establish a strong HR department 

By ensuring a zero-tolerance policy and an active HR Department, employees don’t have to deal with trivial issues and efficiently accomplish assignments. Assigning an HR Head that enforces its policies is a major step in helping productivity, and they often hold seminars and events to help create awareness against workplace harassment. Having your HR as a symbolic office rather than an actual enforcing authority is all kinds of wrong and will send the wrong message to your workforce.

It can lead to lawsuits and other legal issues

Companies that do not enforce their policies and have an unsafe work environment are usually subject to lawsuits and other legal issues. Employees who were harassed discriminated against, and ignored complaints by management may seek legal counsel, take them to a court of law, and demand restitution for their pain and inconvenience. Companies would then have to hire legal firms and in-house lawyers to defend them from it, and the result would be an embarrassment. Keep the drama to a minimum, and the best workplaces are quiet ones with professionals. Check out America's Best Bookkeepers

Theft and fraud

They could be leaving themselves exposed to fraud and theft, as employees might take advantage of the companies lack of ethics and steal physical items and even confidential information. Their attempts to steal business assets and secrets could be catastrophic for the company. Even trivial theft of office supplies is detrimental, as it sets a precedent for other criminal activities to occur. Have HR speak to the employees about the negative effects on the company’s welfare and impose strict fines and penalties for people who don’t follow the guidelines. It sounds harsh, but the fact of the matter is that the office is a professional environment where such behavior cannot be tolerated.

Workplace ethics must be followed and enforced for the welfare of the company as a whole. It affects client relationships, revenue, and the future of your business. Your work culture defines your company, and the structure of how it works is a reflection of how far your business can go. A workplace that fosters employee growth and comfortability is the best investment an entrepreneur can ever make and is directly related to its productivity.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers