Is Regenerative Agriculture Profitable?

Farmers hear a lot about growth profit from different enterprises in the agriculture sector but very little about their returns on investments. There is no question that our agricultural system is broken. Industrial agriculture is the number one driver of deforestation. It’s eroding the soils, pushing wildlife, insects, and plants into extinction, and it’s responsible for about 30% of the world’s total emissions of greenhouse gases. It is why farmers need to learn more about regenerative farming to learn a more sustainable way of making profits.

What is regenerative Agriculture?

Regenerative agriculture is a set of farming practices that increases biodiversity in soil organic matter. Currently, most agricultural practices are devastating biodiversity. Even organic agriculture, while not as bad, still does more harm than good. Regenerative agriculture is a way to reverse this trend to make a positive impact on the land. Check out America's Best Bookkeepers

What does regenerative Agriculture involve?

The answer to this question is tricky because the best practices largely depend on the land. So, the variety of practices borders infinity, which is a bit more than we would cover in this post. However, let’s look at three common forms of regenerative agriculture can take.

  • No-Till Farming
  • Regenerative Grazing
  • Agro-Forestry

The soil is full of organisms that, in their unique way, are helpful for plants. Some convert soil nitrogen into a usable plant form. Some bring water to the plants that otherwise be out of reach. Others loosen and aerate the soil increasing water absorption and allowing plant roots to penetrate deeper. When a machine turns over soil, most of these organisms are killed. So, the crops must rely on chemical fertilizer which ends up leaching into the water. Central to no-till farming is not to do that.

Instead of tilling plants, cover crops whose roots break up the soil. Let the worms aerate the soil and bring down nutrients. Keep the ground covered with organic mulch, which will break down over time, adding more organic matter to the earth. Check out America's Best Bookkeepers

From the release of methane to clearing the forests for pastureland, cattle raising is very environmentally destructive. But this is not inherent to grazing animals. If the proper practices are in place, it can sequester enormous amounts of carbon into the ground. It can build soil, and it can reverse even desertification in a matter of years. Here is how it works.

The growth of grass tends to start slow, accelerate and slow down again. There is a state in the middle where it accrues the most biomass the most efficiently. If it’s eaten before that point, its growth will never speed up. It happens with pastured animals, and they eat all the grass that doesn’t have the chance to grow back fast enough before getting eaten again, so we end up with overgrazing. Overgrazing leads to soil erosion, drought, and desertification. But if they keep animals tightly packed, the grass has time to grow before being eaten.

All that biomass in the grass is carbon that comes from the air. However, not all the grass gets eaten. Some of it gets pooped on and trampled, which creates the perfect conditions for new topsoil. It ends up happening incredibly quickly. Check out America's Best Bookkeepers

Agro-Forestry is one of the most complex and location-dependent practices there are. It starts with locating a local forest and the relationship between everything in it – the plants, animals, fungi, landscape, soil, water and then recreating these relationships in a way that’s just as ecologically resilient but produces more food.

Food forests comprise seven layers the root layer, the ground cover layer, the herb layer, the shrub layer, the low tree layer, the high tree layer, and the vine layer. Every layer has its significance to the whole agricultural system.

All these three regenerative agricultural practices have some things in common. Whereas in conventional agriculture, you seek to create as many things as possible, regenerative agriculture desires to build as many relationships between things as possible. It’s up to you what kind of a relationship you want to foster with the land.

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

Cost-Effective Ways to Promote Your Business

The business promotion was once tricky, but it is no more. Entrepreneurs can now promote their businesses using different channels. The adage that business promotion is expensive is becoming irrelevant and outdated. Today’s entrepreneurs have numerous business promotion options in hand. It is best to search, analyze and identify opportunities that will work best for your business. Small and medium businesspersons have a limited budget at their disposal to use for promotion and marketing. Use yours wisely and make every penny count. Choose promotion channels that work best and show quick results. Here is a list of options you can use to promote your business:

Go online

Harness the power of the internet using online marketing and business promotion tools. Check out America's Best Bookkeepers Spread the word through content. Choose the medium you are best at, be it blogs or eBooks, to familiarize the audience with your business presence. Have a dedicated blog section on your business website and share ideas, and offers advice for readers.

Try SEO for your business

More than 50% of internet users buy products online. The eCommerce industry has been giving a tough time to the retail market for many years now. It only makes sense to have a business website and use an SEO strategy to improve its search ranking. Search engine marketing is one of the more effective ways to promote business to the world. SEO experts know what it takes to help your website reach the first page of search engines. Having a deep understanding of how search engines work and index pages, SEO specialists do all they can to improve your website’s ranking. They will build a comprehensive SEO plan that comes in handy for promoting business. Relevant SEO-optimized keyword-rich content helps crawlers search and index your website. You can opt for local or international keywords for the campaign. Ensure that your neighborhood is mentioned in your content and blogs for better results in search engines. Check out America's Best Bookkeepers

Frequently attend trade fairs and expos

Ensure your presence at every notable trade fair and exposition of international importance. The more you attend, the more people will know about your business. There are opportunities of doing business while you attend these shows, so stay alert. Explain your company, services, and products in detail to those who show interest and exhaust every opportunity to the fullest.

Befriend with email marketing

When it comes to marketing your business on a budget, nothing comes close to email marketing. It may be old, but it still works wonders for businesses. Email marketing never seems to go out of fashion. Enterprises use it for promotion as if it is a modern 21st-century marketing tool. Try a hand at email marketing and keep an eye on the outcome it leads to. You can send newsletters to your clients regarding the latest business promotions and deals.

Business cards and letterheads

It will cost you a little, but the outcome will serve your business well in the longer run. Choose an innovative design and business logo before printing company letterhead and business cards. Please pay special attention to the design and color scheme and ensure that it promotes your business efficiently. Would you mind sending these to your competitors and letting them know that there is a new player in the market? Check out America's Best Bookkeepers

Ensure social media presence

Did you know that social media has more than 60% of the world’s population, and it is growing? Would you want to take your business to three billion customers? That is what social media will do for you, so fasten your seatbelts and start thinking about strategies for using social media for business. Hire SME experts if you wish to tap into this segment properly. Be patient and let the magic happen as your SME experts do their stuff.

Offer discounts

Promote your business in any way you can. Identify customers and offer discounts to those that are willing to purchase immediately. Go to the website and check shopping carts that buyers left without checking out.

Make cold calls

The method has been around for years, but it is effective and works well. Hire telemarketers and work on a campaign where they will make cold calls. They will talk to the client and using a script. Do your research and find out more about the market you are going to operate in. Please share it with your callers, so they know what to tell the client and why. Make sure to ask your callers to contact clients either in the morning or afternoon.

Each of these methods is potential significant changes, so try every one of these and give enough time. Be patient and persistent with your business promotion methods and wait for the magic to happen.

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

All About Self-Certification Mortgage

A self-certification mortgage is a mortgage that allows you to declare the amount of money you earn from employment. In the past, people used the self-certification mortgage for the first time about ten years ago. The term becomes famous primarily for small businesses and self-employed wage earners who do not have the three years evidence necessary income that the lenders require.

The self-certification mortgage is not just for the self-employed. Anyone who earns money irregularly can benefit from a self-certification mortgage. People who have seasonal employment or people who make their money through the commission, as sellers, will find the self-certification mortgage helpful. One of the main ways a self-certification mortgage differs from other types of mortgages is that you may be asked to put in a higher deposit. You may also end up paying a higher interest rate on your mortgage loan. Check out America's Best Bookkeepers

Borrowers who obtain a self-certification mortgage may find that they have to deposit 70% to 80% of the home’s value. When applying for a self-certification mortgage, you must present a document lender statement of your bank transactions. The lender is used to verify your gross income throughout the year. If you already have a house, it may also be necessary to provide your mortgage statements.

You cannot ask for any proof of how much you earn, but do not be tempted to exaggerate or lie about your income. The Financial Services Authority (FSA) has powerful rules on this matter, and it is a criminal offense to lie about your income. If you lie and are outside, then you may receive a criminal record. Also, if the loan is more extensive than you can afford, you may not keep up with the payments.

There are a variety of interest rates for auto certification mortgages. They are higher than standard mortgage rates, and it makes good sense to talk to your mortgage broker before making a decision. They should advise and provide information on auto certification mortgages that are not available elsewhere.

  • The self-certification mortgage can help self-employed workers buy a house. Check out America's Best Bookkeepers
  • Self-certification mortgages can require borrowers to make a large deposit.

Rates and deposits

There is a one and a half higher percentage rate of self-certification as compared to standard loans. Understand this by using Home Loans. According to the data provider Moneyfacts, UCB Home Loans offer a self-certification scheme of around 4.99% as it is the cheapest and fixed rate for two years. In contrast, two years fixed rate of standard (non-self-certification mortgage) percentage is around 4.59%.

Two or three years of a short-term deal is the best option as per the recommendation of professionals.

Once the fixed or discounted term has come to an end, you may meet standard lending criteria and be able to switch to a lower rate. You must have a more considerable amount for a self-certification loan. Lenders demand 85 percent value of the property as an advance.

Self-certification mortgage and its value in the mortgage market 

There is a mixed response regarding self-certification mortgages. The first reply is that consumers can misuse mortgages, and products can fulfill all actual requirements. People have preferred self-certification, including those who are self-employed. Whether you are well-off or self-employed, you can afford a mortgage quickly. However, self-certification is essential for the current market. Check out America's Best Bookkeepers

Essential Considerations

It is okay if you have a significant income as there won’t be any issue during an economic crisis or when you have high-interest rates. You will find an implode market with an inevitable shift in economic conditions. As a customer, you will have to learn some measures of taking large loans at a time. You can do this with an increase in interest rates. Also, your focus must be the rising rate of mortgage payments.

 Alternatives

The best alternative is the usage of the fast-tracking process for standard loans. It is best when you (applicant) have a sufficient deposit and are not a first-time client. Some lenders are still using this alternative self-certification mortgage, including Standard Life Bank, Abbey, Woolwich, Halifax, Nothern Rock, Bristol and West, Portman, etc. Typically, you must have a 25% amount as a deposit. But, if you are using Northern Rock, you need to pay a 20% deposit money. Also, you don’t have to prove your income as the fast-tracking method is not a self-certification.

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

What is a Co-Credit for a Loan or Credit?

As defined by the National Commission for the Protection and Defense of Users of Financial Services, it refers to the person who, in solidarity, participates with the owner of a financial transaction, usually in credit and financing. In this way, the c o-creditor also acquires the same obligations as the principal debtor.

What are the advantages of having a co-credited when you apply for a loan?

In these cases, the most common is to choose the husband or wife as co-credited so that both acquire the loan. The advantages of opting for this alternative are:

Access to a more significant amount of credit: They may acquire a higher value property by joining their salaries. Check out America's Best Bookkeepers

Payless for monthly payments: Sharing the costs makes it more convenient for both to pay and even pay more than if it were only one.

Each one owns: – This gives you certainty if you live in a combined house, and it is not in your plans to get married because you acquire the security of obtaining a property owned by both.

If one of the two dies, the credit is extinguished: If they opt for a co-credit through joint conjugal coverage (spouse), and one of the two passes, the balance to be owed will be at zero if they comply with the documentation indicated in the adhesion contract.

What are the disadvantages of being co-credited on a loan? Check out America's Best Bookkeepers

If your co-credit is not paid: Take your precautions. If your co-creditor is not organized in their finances, they are likely to have conflicts when they default on the loan payments, and both will be affected.

If you fail to pay: If you are not disciplined with your money, do not consider this credit scheme because it is very likely that you will forever damage the relationship with your co-creditor. Before taking out a shared credit, consider how much you should set aside from your income for long-term debts. For example, if you use the FOVISSSTE credit, it is calculated individually, and biweekly, 30% of your income is deducted.

Highly risky than bank acceptance

Taking a loan is a risky process. That is why lending institutions or banks need a co-signer. You have to pay back the loan money. You need to have a good credit rating and a track record to earn the lender’s confidence. Loan takers compel you to take different risks to satisfy the lenders that can put you at a disadvantage. Borrowing a higher amount is the most considerable risk as you don’t know how to pay the loan back. You should avoid the risk if the taken risk is greater than the tolerated rate of commercial lenders. Check out America's Best Bookkeepers

If they propose to be co-credited for a loan, is it worth it?

It depends on the responsibility of each person. If you decide to have a debt shared with your spouse, for example, to pay for a house, there is always the risk that they end the personal relationship (for whatever reason) and have to share the property that, also, still do not finish paying.

In those cases, one option is to transfer the credit to a third person who acquires the rights to the property and who is in charge of paying. Another alternative is to reach an agreement, liquidate the property (house or car) and sell it later. However, this “solution” is long-term and generally more expensive. Value the advantages and disadvantages that impact your relationship with the co-credited, both in the present and the future, and make the decision based on respect for both parties.

Co-signing a loan

It would be best if you had a co-signer for the approval of the loan, as it can be your sibling, parent, or relevant co-signer. You will need to explain all their pros and cons about what you are asking them to do. It will be a higher risk if you cannot pay all your monthly bills and ask a random person to be a co-signer. However, it can damage your finances and your relationships with your lenders or bankers.

The co-signing process is not a timeless commitment, but the co-signer must be active throughout the entire loan term. You can replace the co-signers if they are not fulfilling their responsibility well.

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

Freelancing Business in 2021

Do you want to live a luxurious life? For that, you must have control over your income. The easiest way to do that is to become a freelancer. Does the idea of working remotely according to your timing and not being tied down to work commute daily request to you?

Various people are fed up because of the routine of nine to five traditional jobs. They are in favor of utilizing the skills and follow their passion through freelancing. Leaving the normal job world back can be a scary vision. No consistent work in the freelance business will regularly come, especially at the start. Though freelancing is more well-known than ever, the demand for freelancers who work in different industries has increased by more than 28% over the last two decays, According to CNBC. That rise can be attributed to sites like Upwork or Fiverr. Check out America's Best Bookkeepers

It might be possible for you to become a full-time freelancer containing determination and hard work. In the beginning, some months will be challenging, and this is where many freelancers return and bow out to the nine to five life. It is not relaxing where you can sit in casual dressing, chilling with your feet up on a couch. It would help if you were assertive and tough even when you feel too loose. Utilize the skills that you learn over your lifetime and find out what your position or niche. Let that begin with the way of success. Those who stick it out and utilize their knowledge well could see key major success.

Check out the freelance business thoughts below and investigate them thoroughly. Don’t just utilize the first one because it might not suit your skillset. None wants to give a long time into something they don’t like. Discover something that vibrates and that you must know that you become successful with. Even if none of these business thoughts appeal. Check out America's Best Bookkeepers It’s a great initiate to branch out from.

 

 Stock Photography    Teaching   Game Development

 Content Writing    Graphic Design    Affiliate Sales and Marketing

 Start a blog Web Design  Online Course Production

 Social Media Marketing   Copywriting Translation Services

 YouTube Video Creation Web Development  E-book Writing

 

Many different freelancing skills generate more revenue than doing the nine to five daily job. Some of the freelancing skills are discussed below.

Stocky photography

Are you searching for ways to make more money with your photography skill? Various photographers are discovering that selling stock imagery has a significant chance to turn their skills into cash. Let’s begin! There are many famous stock imagery websites that you could submit your pictures.

Content writing

Becoming a freelance content writer is a great remote work chance for expert, deadline-driven solopreneurs who need to make a living and assisting organizations build actual digital marketing content. Appropriate writing skills are all you want to get started. Check out America's Best Bookkeepers

Social media marketing

Suppose you have creative skills and know-how to involve multimedia content that can be utilized in marketing. In that case, a career as a social media marketer is a freelancer for you. As a freelance social media marketing specialist, you can assist organizations in using different social media platforms like Twitter, Snapchat, Facebook, and other platforms to accomplish their business goals.

Web design

 Web designers are also in great demand and conflict with a well-known belief; you don’t need a degree in computer science to become one. The path to becoming a web designer could take many turns and twists.

Web development

 When you break it down into parts, becoming a freelance developer is easy. You acquire a technical skill such as PHP or javascript and then found customers willing to pay you for a time. The real difficulty of freelancers is finding how to be successful. However, many developers on websites like Upwork or Fiverr are charging $20-25 per hour. Some choice freelancers are charging well over $100/hour on a platform like Gun.io.

Copywriting

Copywriters compose content for commercial and promotional use. It could be utilized for websites, email campaigns, advertising, newsletters, and advertising. As a freelance copywriter, you might find yourself composing Catchy taglines for advertisements or magazines or creating a different and unique blog article optimized or a website. A freelance copywriter can collaborate and work with customers or intermediaries like agencies or online work exchanges.

Bottom line

The year 2020 was the darkest and historic year. Every business faces huge losses and terminates the employees because of the dip in the industry, where the people who have skills and do freelancing earn more when the whole world is facing a crisis.

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

What is a Bubble and How to Know if an Asset is a Bubble?

Sometimes we can use the word “bubble” for free to refer to the high price of an asset. Still, a bubble of an investment, a market, or an economic cycle, is not only related to a high price. Even the high price is relative, and you have to compare it with the value.

You can invest in an action or an asset, which shoots 1000% in two days, and that does not mean that said asset can give rise to a bubble, and it can still be very cheap. It would simply be necessary to see if the fundamentals justify its spectacular growth.

What should we analyze to know if an asset is a bubble? Check out America's Best Bookkeepers

First, the bubble concept comes from “something that is formed with air or gas and tends to rise.” When we apply this in the financial and active markets, the reasoning is simple. A bubble is when you sell air, and investors buy it, raising the asset’s price even though its value no longer corresponds to the high cost.

Said more technically and financially, a bubble would be a rapid and unsteady escalation of prices of an asset, when told the increase in the costs of a said the fundamentals of the purchase do not justify help, is only created by an exuberant behavior of the market or because of the irrationality of the investors.

When is the bubble punctured?

The bubble is deflated at a time when no more investors are willing to buy at such a high price, so there is a massive wave of sales, causing the bubble to deflate.

Sometimes, prices fall and remain in the ground until the fundamentals of the asset improve. Investors return to trust in this asset, or if a said asset (if we speak of a stock company) begins to strengthen its fundamentals again, becoming more attractive the purchase by new investors causing the rise in the price yet, but this time being justified by the improvement in fundamentals. Check out America's Best Bookkeepers

On other occasions, the massive wave of sales reveals a failed business. It ends up causing the company to close because it is not a profitable business under any circumstances or losing perpetual credibility on the part of investors.

Even clearer is when you invest in something that has no value at all.

It is straightforward not to fall into a bubble in stocks because there is an underlying business after the valuation of stocks, some fundamentals that even tell us if we are buying something cheap or expensive ( PER of the company ).

The fact that we are buying an action above its intrinsic value does not mean that we will lose money with the investment. Often the opposite happens if we are in a bullish cycle.

Why do the bubbles hurt the global economy so much?

The first recorded speculative bubble occurred in Holland from 1634 to 1637. It was known as the tulip bubble or Tulipomania.

Any rational mind to say that a flower could collapse the whole economy of the Netherlands may sound crazy, but that was what happened, in the same way, that the housing bubble in 2007-2008 caused a situation of unemployment and social damage similar to the crash of ’29. Check out America's Best Bookkeepers

In what ways can the money be made in a bubble?

It is the part that probably interests us the most. There are two ways to make money in a bubble, especially if we know that there is a bubble.

In the first place, nothing happens to participate in a bubble, as long as we are clear that we will benefit temporarily and that we will collect benefits and keep economic provisions by cycles to make sure we do not put all our capital at risk.

Stages of a bubble

These stages are one of the several recurrent economic cycles. Here, I am using it as a typical credit cycle. 

  • Displacement – It occurs when a new paradigm enamored investors. It happens when the federal fund rate decreases that is from 6.5 to 1.2. 
  • Euphoria – Asset prices increase during this phase.
  • Panic – In this stage, the prices of assets’ costs reverse course and descend as fast as they had increased. 
  • Boom – In this phase, prices increase slowly, but maximum participants enter the market fast. 
  • Profit-taking – There is a point of bursting that starts selling positions and gaining profits. 
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

Ways to Boost Productivity and Creativity Within Remote Teams

We’ve both felt the effects of the coronavirus pandemic in our communities and around the world. While the focus of the news and discussions has been on how Covid-19 has impacted numerous businesses as they change to a virtual office model. It has created revenue losses, Paycheck Protection Program loan activity, and a scramble for technology solutions to support remote teams. One area that has been impacted significantly, but not as much of the spotlight, is the toll that this shift has had on the environment.

Organizations must be diligent in their imagination as a source of inspiration and team engagement while transitioning to a digital workplace. Unlike in the pre-pandemic period, when impromptu connections could lead to innovative ideas, disciplined communications are now essential for encouraging creative thought and human connection. In this regard, we agree that resourceful links are critical for executives and operations departments in various fields, including human resources and marketing relations, technical and services applications, consumer engagement, and sales. Check out America's Best Bookkeepers

Bounce session

Person initiative and teamwork are combining with great imagination. Usually, you might get an idea and head down the hall to test it out on another team member. It allows you to see if you’re on track and work through any creative problems. How can you re-create this method for a distributed team? One proposal is to host virtual sessions where authors, artists, and other creatives can bounce ideas off a confidante or senior team member. The laws are straightforward: It may be a phone call or a video chat, and each session can be limited to 30 minutes at most, but preferably less.

Virtual office hours

Digital working hours are a more streamlined alternative to bounce sessions for more prominent organizations. The idea is to start a Zoom or Google Meet session and leave it open for a certain amount of time. The session is lead by a creative director or another senior official, and team members will enter, if appropriate, during that time to get input, ask questions, or have work reviewed. The host would not arrange any calls or meetings during their session but could function while still on-screen when no team members had joined. Virtual working hours can be set for an hour or two or open all day with various managers rotating in and out. Check out America's Best Bookkeepers

Online creative meetings

Platforms like Zoom and Google Teams make it easy to run a face-to-face online creative conference, whether it’s an account meeting or a brainstorming session. We’ve learned that having planned material to study and going from there is the easiest way to go for, e.g., rather than free-form in designing corporate branding concepts and taglines or updating concept proposals. Furthermore, having a meeting leader who can deftly handle the call would guarantee no one person dominating the conversation.

Baseball as a meeting template

Though imaginative sessions are more impromptu, setting standards for more organized meetings will boost productivity significantly. Baseball should be seen as a model for organized participation, setting standards for participation, equity, and orderliness. The person speaking right now is at-bat, the next person is on deck, and the person after that is in the pit. The umpire is the person in charge of the meeting. They should make the roster known to everybody. “Tony is first, Kelly is second, and Matt is third,” for example. Everyone plays an active role in the game, similar to football, and the structure keeps the meeting on track. Check out America's Best Bookkeepers

A new take on the newsletter

While an internal newsletter will seem to be out of date, bear with me. It is not easy to feel like part of a cohesive society and realize what’s happening outside of your world without a workplace’s living entity. Formal internal interactions have never been more critical. An essential weekly newsletter can easily cover corporate milestones and challenges, spotlight individual achievements, and even share innovative ideas in a conventional style. They can be mailed to households, as emails sent through the intranet, or even as a fast-talking points guide for managers in face-to-face online team meetings. The trick is to keep it short — five minutes or less for a fast read or experience.

Bottom line

Outside of the activities at hand, connect digitally and prioritize individuals. Even in the best of circumstances, ongoing, reliable internal communications may have a transformative impact on departments and activities for organizations. Still, they also become a requirement for progress during times of crisis. Usual questions such as “How are you being productive?” or “How’s it going over there?” will help defuse minor tensions, improve everyone’s working relationship, and potentially affect overall performance.

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

Importance and Impact of Accounting Policies Disclosure

Accounting policies are the rules and regulations chosen by a company to prepare and represent its financial statements. Accounting policies are of utmost importance, as they set a framework that every company follows.

Like other financial policies, accounting policies happen to improve organizational performance in various ways. By acknowledging the benefits of well-structured accounting policies, you can also design and implement the accounting policies in your business to enhance both the efficiency and productivity of the financial operations. Check out America's Best Bookkeepers

Principle guidelines of accounting policies:

The Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) are the accounting principles that provide the guidelines on how companies should prepare financial statements. However, GAAP is a rule-based approach.

Types of accounting policies:

The accounting policies are into two kinds which are,

  1. Conservative policies:

Conservative policies highlight a company’s present financial condition and show better economic performance in the following years. It is an enduring approach, and it permits companies to deliver betterment over the years, which is an optimistic sign for the investors.

  1. Aggressive policies:

Aggressive policies tend to engage accounting policies so that they overstate the progress in the initial years, leading to a significant decline in a company’s performance in the following years. These policies can also provide a refusal from the investors if they feel mismanagement anywhere in the operations. Check out America's Best Bookkeepers

Disclosure of accounting policies:

To provide a proper understanding of financial statements, it is mandatory to disclose every accounting policy adopted in the presentation of financial statements. Such revealing information must be a form of financial statements.

It would be feasible for the financial statement’s reviewer if all the data is in one place rather than being scattered over various statements or notes. Any alteration in the accounting policy which has a significant effect should always be forthcoming.

Impact of accounting policies disclosures on a company:

In the world of financial management, accounting policy disclosure is to be issued by organizations and corporations, revealing every relevant data that can potentially impact an investor’s decision. It helps investors make notified decisions and select stocks or bonds that suit their investment requirements and portfolio.

Such information disclosures are through a disclosure statement containing relevant information about the company. The revelations are annotations after a research report, which provides essential information that one might want to consider while making investment decisions. Check out America's Best Bookkeepers

Importance of accounting policies:

There are numerous reasons why accounting policies are critical to preparing the financial statements and for the auditors and investors.

  1. The government keeps a check on financial statements:

All companies should follow either the IFRS or GAAP when preparing financial statements. In this way, the government keeps a review of the financial records. Furthermore, it will ensure the investors as well. 

  1. Genuine framework:

As mentioned earlier, accounting policies primarily provide companies with a proper framework to record their financial statements, so they must follow a standardized format throughout the process.

  1. Provides benefits to investors:

By mentioning that they have followed specific accounting policies, investors will develop self-confidence in their operations. It can effortlessly compare the financial statements with other competitors’ records.

  1. Disclosure:

A company must reveal the accounting policies that they implement. The policies comprise individual rules on disclosing information to the investors, and every company should respect the adequate disclosure requirements.

  1. Removes uncertainty:

Complete disclosures of the policies also lessen tension to a great extent. Uncertainty is one of the reasons for market volatility. When there is full disclosure by the companies in the market, there is an increased level of total certainty. On the contrary, the volatility level decreases, and stability comes in.

The operations like net profit, assets value, equities, and accounting statements are all affected by disclosing a company’s accounting policies. Potential investors can review the financial records before investing a considerable sum of money in any business. Accounting policies are significant because they help to create consistency and set up a professional platform for decision-making.

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

Investing vs. Lending Money to Your Business

Any business you are up to, whether it is small trade or retail store, or full-blown manufacturing business, you will require money (maybe more than your primary thoughts). Where do you get the money? Your first choice is going to be your savings. Though, you still require an “infusion of capital” to have initiated, especially if you are joining a partnership.

Speaking of capital, business leaders or business owners get two primary options to have their required funds. They can either loan or invest money. Both contain advantages and disadvantages. Here, it is the time to learn regarding them. Knowing the difference between investing in an equity investor and bringing out a loan is significant in selecting the best method for you. Check out America's Best Bookkeepers

Borrowing cash to fund a business

Borrowing cash to make money is not considered a new concept. It is not just is it a recognized fact. It is also an intelligent choice for various enterprises.

Advantages of business loans

  • You keep full ownership of your business, and the bank or your investor does not have any part of your income.
  • Managing payments is less complex than accounting for the incomes of your equity investors.
  • You are open to using the money in any approach that you see fit for your business
  • Interest can deduct from business expenses.
  • If just a tiny amount of money is desired, it is easier to be accepted. There are also various loans available to suit your requirements, from traditional bank loans to short-term loans.

Disadvantages of business loan

  • Containing a low credit rating reduces your chances of having a loan.
  • Occasionally, you require collateral on your property to get your loan passed.
  • If the business fails, you are still grateful to pay it off. Check out America's Best Bookkeepers

Investing in your business

A common chance for investing money in your business is to put money. The funds’ transferred to your equity account. The term “equity,” which means worth or value, usually raised as the leader’s ownership, is known as the number of business resources you contain. Another view is that equity account is the amount of leader invested in the business, reducing the money he has taken out. When you make an equity investment, it is as if you are purchasing ownership as a part of a pie. In most cases, the amount of money you get is proportional to the money you invest.

Advantages of equity investments

  • They might give large sums of capital, while banks may have various hesitations to lend money to business leaders or owners because of the danger of default.
  • The refund system is more flexible with equity investments than business loans.
  • Because they are selling their own money, investors could help a business leader or owner build strategies and ideas by mentorship to grow the business further.
  • Investors are those people who are interested in visualizing your business’s success and growth because it will also mean success to them.
  • If the business fails, the owner is the most cases and does not have to pay back the investors if the scam is absent or similar. Check out America's Best Bookkeepers

Disadvantages of equity investment

  • The business owners might have to share a more significant part of their incomes with the investors.
  • It could be hard to find investors. Schemes capitalists might invest in big businesses that they thought could offer massive returns to their money instead of small businesses.
  • Investors increase legal rights when handling the business (and you might become a part of the board of directors). Therefore, the business leaders might no longer have complete control over the daily operations of an organization.

If you are initiating a small business, you must be looking for “angel investors.” Distinct from venture capitalists concerned with expanding their investments’ returns, angel investors get more altruistic goals. Frequently, they are wealthy entrepreneurs who need to share knowledge and assist small businesses to succeed.

Bottom line

What is the best approach to put money into your business? The solution is on your tax and financial conditions. There are other factors to consider, like your credit score (if you are considering a business loan), how much you could invest, the status of your money flow, and your yearly prediction. Experts recommend discussing your opportunities with tax experts and business consultants before putting and deciding everything on a written agreement.

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

What is a Debt Management Plan?

It is common to ask questions like when I will pay my debts? Or how will I pay my debts? Or will I be able to pay my debts? Or how can I pay my debts? Or is my debt very high? What is clear is that you are not alone, and unfortunately, there are many people in the same situation.

You may think that you need to earn a lot of money to pay your debts, but it is not the only solution; you can also get it by saving. In reality, the money you save is more valuable than the money you earn, because if, for example, you make € 100, you have to take away your taxes, while if you save $100, it is $100, what you save, neither more nor less.

A plan or debt management program is a plan to get rid of debts between a debtor and one or more creditors. There are companies dedicated to managing these plans, you pay them a monthly amount of money, and they are responsible for distributing it among your different creditors. Check out America's Best Bookkeepers

Many ads say “get rid of your debts in 30 days” or something similar. Still, debt management programs are not a magic solution to your problems. They need analysis of your financial situation, planning, and your constant cooperation and help to solve them.

Characteristics of debt management plans

Debt management plans give you many options to eliminate your debts, reduce the principal amount of debt, eliminate fees for late payments, lower your APR and provide you with the flexibility to pay your debts within a period within your possibilities.

  1. Principal amount of debt: Most debt management companies negotiate with your creditors and reduce the principal amount of debt you owe.
  2. Fees for late payments: Some debt management companies can get you not to apply penalties for late payments, which in some cases is a significant amount of your total debt, which saves you a lot of money. Check out America's Best Bookkeepers
  3. APR: Some debt management programs are carried out to reduce a very high APR from a particular account.
  4. Monthly installments: Debt management programs also determine the amount you have to pay monthly. During the program, you have to pay a single monthly amount to the company to manage your debts. The more you can pay, the less time it will take to eliminate the deficit. The debt management company sets the amount you have to pay per month based on your financial situation.
  5. Annual time frame: Debt management can also be planned for long periods. In such cases, you have the option to extend your period from 2 to 4 years or sometimes even longer, which is convenient for people who cannot afford to pay once.

How long does it take a management program to pay all my debts?

The duration of a debt management program depends on the amount and type of debt you have and the monthly amount you can afford to pay. An advisor will never advise you of a long-term payment management plan. However, if you cannot spend large monthly amounts, you must follow a long-term payment plan. Check out America's Best Bookkeepers

A typical case of credit card debt management can take 3-9 months. If someone wants to accelerate the process, it could be reduced to 1-3 months, and if someone wants to extend the period, it could be extended to 12-18 months. Some debt reduction and management companies can even extend the process to 4 years or more.

How much do companies that are responsible for payment management plans charge?

Generally, debt management companies do not charge you directly. Still, instead, they leave part of the total amount that you give back to your creditors. In general, they charge an average of 8% -15% of the total debt.

You can get back on track with the plans of debt management. But, if you do it for the wrong purposes or poorly, it can be detrimental and unnecessary. Therefore, you must know the following things about debt consolidation;

  • It is a third-party system of payment.
  • You can structure majority debt management plans in the same method. 
  • You can see it negatively on your credit report. However, it isn’t a bankruptcy. 
  • You will need to complete your debt management plan first if you want to use your credit card. 
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