Five Strong Reasons Small Businesses Need an Accountant

Small businesses spend hours every week to manage their books and draw wise financial decisions. Managing the whole financial process without the help of an accountant can end up making the task frustrating and time-consuming.

Read on to find out other reasons to hire an accountant for a small business setup.

1) Boost the bottom line with professional accounting help

The best accountants in Sydney can take care of your balance sheet easily thus letting you have sufficient time to focus on your core business activities. Obviously, no business owner wants to spend all his time and resources on bookkeeping or admin tasks. The accountant takes care of all financial transactions on a daily basis and ensures that the small business is prepared to achieve its long-term goals perfectly.

2) Get expert advice at any time

Outsource your financial and taxation responsibilities to Sydney-based accountants and they will always be available to offer strategic advice and insights about various aspects of the business. Accountants help determine the apt business structure and play all along the way until you are well-versed with handling your finances and making a solid financial plan.

3) Keeps you updated with all laws and regulations

The legal landscape of taxation and business is highly volatile and small businesses are expected to stay updated with all relevant information. As a part of his responsibilities, the Sydney-based accountant educates the small business owner with all changes and the corresponding impact it has on the business. The accountant helps the business owner to learn all tax-based nuances and ensures that the business earns all the deserved tax deductions and credits.

4) Save more money with the help of an accountant

Hiring an accountant may seem like an additional expense and it is for this reason that most businesses try to get all the work done in-house. However, when you have a professional take care of your financial transactions, your internal staff can focus better on their roles and work more productively. Also, accountants help you to reduce your tax bills and save a significant amount by avoiding penalties.

5) Accountant services come in handy during an audit

In the event of an audit, having one of the best accounting firms in Sydney by your side can help you tremendously. They suggest the best practices for retaining and presentation of receipts and records. The accounting firm will truly care of your business and will support the business and its operations while dealing with the audit.

To put it into a nutshell, for a small business, ignoring the significance of a professional accountant can lead to important tax or accounting mistakes which will ultimately cost them a lot of money.

About the Author
The author is an experienced accountant in Sydney. He loves researching on the latest trends in the finance sector. Read http://accufin.com.au to know more.

Online Platform Promotes Partnerships Between Businesses and Investors

Five words or less(NewsUSA) – Sponsored News – Historically, specialty businesses had limited ability to expand beyond their immediate geographic region. However, current technology allows such businesses to promote themselves to a larger audience. Touch Up Teak is one example of how successful online investment partnerships can grow a business.
Touch Up Teak, based in Hollywood, Florida, provides a full range of services for preservation, repair, restoration and maintenance of exotic wood used for high-end furniture, home decor, decks and other areas requiring style and durability. The company also serves the resort and restaurant industries, and the yachting/boating community.
“I have wanted to expand for some time into markets beyond Florida,” Touch Up Teak CEO Paul Murray noted. “We decided to list our offering on the internet, and wanted to make sure we could reach as many possible capital sources in the most efficient and cost-effective manner we could.” To help expand its business, the company used DPOUSA, an online financial platform that makes information about up-and-coming businesses available to potential investors at any time, day or night. DPOUSA is visible to the public, and also maintains a growing database of 30,000 investors with over $500 billion in investment-ready capital.
“Since listing, we have begun discussions with accredited investors who just happen to own yachts, and see the value our business brings,” Murray said.
Touch Up Teak maintains additional facilities in Miami and Naples, but the company’s management has plans to expand the services offered and the geographic areas served, starting with high-end southeast markets in Orlando. Such expansion will require capital for facilities, marketing and advertising, and the company hopes to partner with additional investors online via DPOUSA.
As part of the expansion plans, Touch Up Teak has developed proprietary wood-finishing and restoration technologies tailored to the high-end woods used in demanding applications such as high-gloss yacht finishing and interior/exterior patio furniture, trim and decking. As an exotic-wood specialty company, Touch Up Teak is qualified to restore and maintain many different species of hard and soft woods including teak, ipe, walnut, mahogany, cypress, tiger, Patagonian rosewood, cumaru, burl and bubinga.
“Now that we have engaged in discussions with investors, our future expansion plans in the Mid-Atlantic and Southern California are closer to becoming a reality,” said Murray.
For more information about Touch Up Teak, please visit touchupteak.com. For details about how DPOUSA provides online investment opportunities for Touch Up Teak and similar companies, visit www.dpousa.com.

TPMS Industry Leaders Collaborate for Customer-Inspired Breakthrough

(NewsUSA) – The customer-focused partnership between Schrader, a global leader in valve and sensing technology, and Bartec, the market leader in handheld tire pressure monitoring system (TPMS) scan/programming tools, alleviates complexities and makes servicing TPMS-enabled vehicles that much easier for the aftermarket industry. With over 65 million TPMS-enabled vehicles already on the road, and more daily, the demand for scalable and easy-to-use TPMS repair solutions is at an all-time high. Created through the premier alliance of the two companies, Schrader’s EZ-sensorTM is a joint development success that delivered the first and only patented and programmable replacement sensor that functions across diverse car makes and models.

According to Bartec’s general manager, Scot Holloway, TPMS service and repair is a huge opportunity and unavoidable for today’s aftermarket facilities. Handheld tools, like those provided by Bartec, are essential for properly servicing Schrader’s TPMS replacement sensors. Bartec is pleased to continue to develop leading TPMS handheld tools in cooperation with Schrader’s sensors, which Holloway calls “the best in the industry.”

Alongside their customers, Schrader and Bartec have standardized the TPMS repair process so it has become a routine part of vehicle inspection – a straightforward and repeatable practice for technicians. As a result of the partnership and the products being produced, aftermarket service and repair facilities now are better equipped to service the ever-growing population of TPMS-equipped vehicles, a safety feature now embedded in all new vehicles that warns drivers of low-tire-pressure situations. This standardization focuses on replacement parts, service tools, proper repair procedures and technician training, as well as awareness of the inherent vehicle safety associated with TPMS.

According to Schrader, the focus of the partnership was on developing a superior technology that would provide comprehensive support for aftermarket technicians. Additionally, it needed to satisfy requests for ease of use, sensor programmability and lessening the inventory burden. The jointly designed EZ sensor fills all of these requirements. For more information on the importance of TPMS, please visit www.TPMSMadeSimple.com, or for more insight on Bartec, please visit www.bartecusa.com.

IT Companies Create New Revenue Streams

Five words or less(NewsUSA) – In today’s economy, businesses are seeking new streams of revenue. For example, businesses that sell phone systems and computer equipment typically rely on new sales to generate revenue. But when potential clients cut costs, they’re less likely to purchase new equipment and systems with the same frequency. As a result, many are looking for steadier streams of revenue to tide them over between sales.
Luckily, some businesses are finding ways to create new streams of revenue for their clients. On Call Telecom (www.oncalltelecom.com), a company that holds partnerships with telecom companies such as Paetec and Qwest, helps create telecom solutions for businesses.
If a business sells phone systems and computer equipment, On Call Telecom can work with them, allowing them to offer telecom, voice and data plans, including services such as local, long distance, Internet access, voice, data, private lines, conferencing, Ethernet, and video services.
Because the payments go directly to the service providers, the providers pay a steady stream of monthly revenue to On Call Telecom and their hardware service partners.
“Creating solutions that enable companies that sell phone and computer hardware to offer voice and data solutions allows businesses to develop new streams of revenue, something that can help businesses survive today’s tough economy,” says John Finguerra, President of On Call Telecom.
“Those receiving monthly commissions for voice and data services don’t need to rely on hardware as their only source of revenue.”
Partnering with a service such as On Call Telecom also assists sales. The company provides an audit, which evaluates where businesses could cut their phone and Internet costs. After the audit, it may be easier to convince a business to make changes using their savings to upgrade their current phone and computer systems.
For more information, visit www.oncalltelecom.com.

Image Is Everything

Five words or less(NewsUSA) – Today people are bombarded with more information than they can process. Simultaneously, websites, blogs and social media have the public trained to consume information in bullet points, sound bytes and tweets containing 140 characters or less.
No matter how you are trying to get your message across, whether through social media, a website or blog, an ad or even a presentation, the best way to pique someone’s interest is through compelling imagery. Photos must be engaging enough to get someone to focus on what you’ve got to say.
When choosing an image, it pays to be selective. Great images have the power to inform, inspire, confuse, shock, delight, empower, enrage and enlighten. Start by thinking about things like:
* Whom you want to reach?
* What message you want to communicate?
* What sort of tone you want to set?
* What kind of reaction you want?
While the image should relate to the overall topic, it doesn’t have to do so literally. This gives you the artistic freedom to have fun with your image search. It also will help you remain open to inspiration as you search.
As to effective image searches, sifting through millions of images on the Internet via a simple search engine query is highly ineffective. The chances of finding something the right size, shape, resolution and quality are low. Copyright and privacy issues also arise — particularly if the photos will be used commercially.
Fortunately, there are places to get inexpensive imagery that can be legitimately used for a whole host of purposes. Stock pictures can be purchased from places like www.photos.com for as little as a dollar or two.
For blog posts, budget-sensitive projects and nonprofits, Photos.com offers easy searching from numerous categories in several subject areas. You can buy a single image, packs of images at various resolution sizes or even annual subscriptions.
For images to be used for an extended time, as in a website, or a marketing brochure, more highly art-directed imagery can be found at www.iStockphoto.com. Both sites have powerful search engines that make short work of finding the perfect image.

Innovation Reigns When Times Get Tough

Five words or less(NewsUSA) – When people see closed storefronts in the neighborhoods where they live and work, they’re reminded that the toll this economy has taken on businesses affects their own lives. And yet some companies — faced with the same adverse headwinds — seem to rise to the challenge and go on to prosper as never before.
Why is that? And could there even be a lesson to be learned here if you’re thinking of starting your own business as a result of either being unemployed or just plain fed up with your current job?
The “i-word” keeps popping up among experts as the answer to that question. “The whole engine that drives any economy is innovation,” says Stephen Gnass, executive director of the National Congress of Inventor Organizations, a non-profit for inventors and inventor groups.
Take IBM, for example. It practically reinvented itself years ago — going from a stodgy seller of large, pricey computers to a global software and consulting giant — and just recently celebrated its 100th anniversary. And then there’s the more under-the-radar case of New Jersey-based GAF.
North America’s largest roofing and ventilation manufacturer is celebrating its own anniversary this year — 25 years longer in business than IBM, but who’s counting? — and one way it got there is by coming up with unique answers to consumers’ and businesses’ desires to go green. In fact, it made quite a splash last summer when it teamed up with New York City’s Department of Buildings to paint 1 million square feet of roofs white — GAF supplied the reflective paint for one of the many projects of the initiative, as well as materials and labor — as a way of cutting the city’s energy costs.
To GAF’s CEO, Bob Tafaro, that kind of nimbleness is key. “When you put customers first by ensuring that they get quality products and service, and when you keep your employees focused on innovation, you’ve got the formula for surviving long term and throughout even the toughest economic times.”
The company’s commitment to service and innovation has actually produced a number of “firsts,” including: the first ready-to-lay asphalt roofing, the first to use color granules in roofing materials, and the first to offer a lifetime shingle warranty. And, oh yes, for those concerned about the outsourcing of American jobs, everything’s made in America. For more information, visit www.GAF.com.

Boston Financial Expert Urges Consumers to Communicate

(NewsUSA) – Communication is a necessary foundation for any good relationship, even the one you have with your financial professional. Regular meetings and connecting through conversation, not just email, create the basis for trust that will sustain your relationship and ultimately enable a promising financial future.Few people are comfortable “getting personal” in the beginning of a relationship. A good financial professional will be able to put you at ease and work to develop a financial plan that will achieve your goals. He or she will want to know about your income, savings, debt and life insurance coverage. Your attitude toward risk, different types of investments, need for security and financial priorities will also be examined. In preparation for your meeting, you should be ready to discuss these subjects:Life events: A new baby, job loss or the purchase of a home affects your finances and should prompt conversations with your financial professional.Market fluctuation: While the recent economy has instructed investors to stay the course, it’s important to address any concerns you have about the short- and long-term effect on your portfolio.Tax law: During the first quarter of the year, ask your financial professional about any changes to the tax code that could affect you.College funding: If you have children, don’t be reticent about reviewing your strategy for saving for higher education.Life insurance: Ask your financial professional to evaluate the amount of coverage you have and whether your policy aligns with your needs and goals.Regular conversations are key. It’s important that you set the expectations for the kind of relationship you desire with your financial professional. Because your financial plan should not be a “once and done” transaction, you’ll want to set up regular visits to address any changes in your life that may affect your plan. You might be satisfied with once- or twice-yearly meetings, but a quarterly check-in wouldn’t be excessive.Finally, make sure your financial professional’s goals align with yours. To find a qualified financial professional, please visit www.pennmutual.com or contact Jonathan Pratt of the Life Solutions Group, a Penn Mutual affiliate in Boston, MA, at 618-722-4314ext. 200 or jonathan.pratt@lsgnewengland.com.