Posts by scol

Posted by May 11, 2020Business, Finance, Investment Options, Trading

3 Famous Examples of Security Fraud

Security fraud has become a significant issue around this information age, especially in the investment world. Security fraud, a.k.a; investment fraud is a malicious practice that involves the misinterpretation of information for many investors to make viable decisions, in one way or another—the crime involves financial manipulation, poor advice, and more which may lead to significant losses.

Security fraud is illegal, and too often, it is risky to investors. There’s been a great article on TGDAILY recently that interviews a securities defence lawyer, it gives a great outline of the most common misconceptions and he digs into the most popular questi0ns around the topics. We highly recommend to give it a read.

Anyway, Investment fraud takes on many diversified forms. But below are the most famous ones.

  1. Accountant fraud

Over the past two decades, accountant fraud has increasingly grown where financial reports get manipulated now and then. The most kind of workers who fall into these illegal practices is usually the ones who have access to an organization’s accounts without oversight.

Accountant fraud involves embezzlements, fake suppliers, personal purchases, and many more.

Accountant fraud can directly impact the success of the company. It can lead to billions of losses if unchecked. The company, therefore, should implement internal severe accounting control and conduct random auditing on accounts receivable and accounts payable. Even better, it should employ trusted workers to check the reports regularly.

  1. Payroll fraud

Payroll fraud is an illegal act through the company’s payroll system. Payroll fraud is one of the most common investment frauds that many employees have turned their heads to-for many reasons. The effects of these employees fraud are dangerous and can even lead to business failure. According to research, about 27% of businesses affected with payroll fraud are likely to last for not less than 36 months. Payroll fraud, therefore, is a significant risk, particularly for small enterprises where control is minimal.

Some of the theft involved with payroll fraud includes paycheck theft, advance fraud, ghost employees scheme, and many more.

To avoid such a risk, the company needs to balance the sheets plus the payroll accounts three times a year. The company should also employ trusted managers who approve timesheets on time. The payroll record is a must check to ensure bank details matches.

  1. Asset misappropriation

Also referred to as insider fraud, asset misappropriation is a fraudulent practice that involves vast numbers of employees within a company. It is a case where individual employees who have access to information that the company lacks, then takes advantage of sale the corporation’s stock or securities.

Asset misappropriation is a risk if unnoticed. It includes theft of cash, robbery of services, forgery, and more.

The company should, therefore, rigorously check on new employees’ backgrounds. The company should also implement random audits, checks, and balances, and never pay commissions unless services get delivered. Better yet, change of duties of employees.

Posted by May 5, 2020Finance

When to Use a Professional Plumber over Doing It Yourself?

While there are instances when a homeowner may want to save on the plumbing costs by carrying out some DIY projects, this is not always a good idea for some repairs and maintenance. Without professional experience, a simple repair can result in big damage if done by an amateur.

Of course there are small things that you can fix yourself, just check out youtube for some quick plumbing hacks:

But there are several instances where you should consider hiring a professional plumber over a DIY project. Mostly because…

You don’t have the right equipment

If you’re not a plumber like the pros at Clearwater Plumbers, then buying some plumbing equipment will not be in your budget. A professional plumber has all the necessary equipment and gear necessary for carrying out any plumbing work. They understand which tools work for what and invest in the latest technologies to get the right plumbing equipment. Some services such as detecting a leak, repairing a sewer line, excavation, inspection, etc. require the latest technology to carry out efficiently, which only professionals can access.

Experience

Not all plumbing work can be carried out by just anybody. Some jobs are too complicated and require the expertise of a professional plumber. Attempting to do some complicated repairs yourself will end up costing more than it should have cost if you just went ahead and hired a professional. If you don’t understand the repair and maintenance work properly, you should consider hiring a professional and save time.

Plumbing codes and standards

There are some plumbing works that need to adhere to the professional codes of conduct and standards of plumbing. A homeowner with no plumbing education or experience will not know them. For instance, you might need to unclog your drainage using a harsh chemical. If something goes wrong, the chemical may end up leaking into the water drainage system. This can contaminate the entire water supply of the neighborhood, putting everyone at risk. A homeowner is not a certified plumber and does not know how the system works. Such trials and errors can endanger your life and the lives of many people.

Getting a permanent solution

Some plumbing repairs keep on recurring, and you find yourself wasting a lot of time doing one thing over and over. It is about time you call a plumber to get to the root cause of the problem and offer you a permanent solution. A professional is more attentive to the details of the problem and can diagnose troubles to prevent any more damages from occurring.

If you’re undecided on whether to hire a professional plumber or do it yourself, consider several factors and make a decision based on that. Some DIY can end up being more expensive and time-consuming than hiring a plumber. Other repairs might only take 5 minutes of fixing. The tips above will guide you on making a proper decision.

Posted by November 20, 2019Finance, Investment Options

When is it practical to take out a bank loan?

If you have been considering taking out a bank loan for a holiday, to pay debt, to renovate your home or to pay for upcoming personal expenses, here are a few things to consider about the practicality of taking out a bank loan.

 

Debt consolidation — One of the main reasons financial consultants will recommend taking out a bank loan is if you want to consolidate debts.

Many people have personal debts of credit card balances, store credit balances and even balances on cards issued for the sole purpose of buying clothing, electronics and entertainment products online. Many of these cards come with interest rates of over 20 percent.

Take out a bank loan or credit, however, and consolidate all of these debts into one loan and one payment. As many loans will have an interest of well under 8 percent, you can cut a huge amount out of the money you would have to repay if you kept the original debts.

 

Your debt is not out of control — If all of your debts consolidated into one payment are still manageable, then financial consultants recommend taking out a bank loan.

If your debts are so enormous, however, that there is little likelihood of paying them off even with a bank loan, it is not recommended you take out a loan. Especially as, by doing so, you could just end up damaging your credit rating even more if you are not able to pay off the loan.

 

You have a solid plan enabling you to pay off the loan — Only ever take out a bank loan if you have a solid plan to pay it off.

This means the money you currently earn is more than sufficient to pay monthly loan payments. It also means you have extra money in reserves in case you have problems paying off the loan.

If you do not have a firm plan that will easily enable you to pay off a bank loan, avoid taking one out. In many cases, if you do, you will just find yourself in even more financial difficulties.

 

Can you get low interest rates? — In order to make taking out a bank loan worthwhile, you will have to have a high enough credit rating to be able to get low interest rates.

If you take out a bank loan and the interest rate is as high as credit cards you currently have, there is no point taking on additional debt. Especially as you will have to repay it at exorbitant interest rates.

Calculate how much you would have to pay each month with both the credit cards you currently have and a bank loan. Only apply for a bank loan if the repayment every month would be less.

Posted by September 30, 2019Business

Tips for finding a criminal lawyer in Australia

Hiring a criminal attorney in Australia can be truly challenging and it is important to gather the right attorney to represent you in a criminal matter. Considerations of the firm or attorney that you choose, their experience, and the current status of the case are needed in order to get the proper representation. Here are some basic tips to attract the right assistance to do so effectively.

Begin with the Criminal Matter and Problem that You Have

Different criminal matters will require different levels of assistance from criminal lawyers Sydney. You are not going to address a charge of murder in the same manner in which you are going to address a routine violation like driving while intoxicated. Consider the violation and potential penalties associated with the criminal matter in which you are connected to and try to find a lawyer who specializes in the criminal matter that you are facing. Make sure that the individual lawyer and firm who will be directly representing you are knowledgeable not only about the criminal matter that you are being charged with but also the jurisdiction in Australia that you are going to have your case and fate determined in.

Make sure that the Attorney Has Sufficient Resources Available to them

If your criminal problem is significant in size and scope than you should make sure that the attorney will have sufficient resources to handle the specifics associated with the case in question. This may include multiple attorneys to perform research and to obtain depositions from witnesses if needed, as well as to gather the case history to support your side of the case. Many attorneys are skilled in trial law and representation but are not so good at the back-end research needed to build a case. Established law firms with access to a team to help and support them can assist in preparing a full case that can aide you with your criminal matter more efficiently. In addition, make sure that the attorney and firm that you choose has sufficient bandwidth to service your case as well, as some firms and attorneys in Australia are overloaded with work and cannot devote the proper resources to an individual case.

Garbage in and Garbage Out

How well your attorney is able to service your case will depend on you and the information that you provide them with Find an attorney who you can confide in and be open with. Don’t choose one who you are afraid to be honest with and provide a full picture of the situation to, even if you are guilty. There is a good reason why there is a client and attorney privilege and it is so that you can obtain the proper representation for your criminal matter. Avoid feeding the attorney with lies and misdirection and work with them so that you can obtain the best possible representation for your criminal case.

Posted by September 9, 2019Finance

Personal Loans, a Help or a Hindrance?

You can get a personal loan for any reason. It is important you separate the needs from the wants. Does the reason you are getting a personal loan warrant you taking on additional debt? Only you can answer this question.

Every person has a different reason for getting a personal loan and all reasons are important to that person. However, you must stop and reconsider what your loan money is going to buy. Personal loans definitely should be used on things that will improve your lifestyle and reach into the future. You want a personal loan so the money can work for you. In other words, you get a personal loan to make money. Maybe an offer came to you that promises to use your money to make more money.

Making Smart Financial Decisions and Your Number One Reason to Get a Personal Loan-Consolidation

List all of your debts and consider those debts that once paid off they are forever gone, such as, credit card balances, medical bills, vacations, costly appliances, home repairs like a new roof, and more. Getting a loan to consolidate debt at a lower rate of interest is the number one reason to obtain a personal loan. Never make the mistake of getting into debt due to spur of the moment purchases.

Instead of putting a bit of money on each account, a personal loan to pays off most of your debt. Instead of paying on ten different accounts, you have one account to pay on which is your loan. Bill consolidation is the number one reason for obtaining a personal loan.

Reason Number One Reason to Get a Personal Loan

You own a seasoned and profitable company and you need a personal loan so you can expand your business. This reason means that by using your loan you are going to make more money shortly. Maybe you have plans to start up a business and need the extra money to get your business started.

Number Three Reason to Get a Personal Loan

Are you looking to sell your home and you know that updates on your home will increase the home’s value? You want to improve the outside and inside of your home. Thus, when you do sell your house you add increased curb appeal. You get more money out of your home because you used the loan to increase something of value. Home updates also increase the chances of you selling your home quicker.

Number Three Reason to Get a Personal Loan

You already know that to increase your education increases your chances of getting a better job, nicer benefits, and more money. A personal loan used for educational purposes has many benefits. However, spending your loan on education is no guarantee that you can use your college credits or degree towards finding that perfect job.

Always ask yourself, “Is what I want my personal loan for an urgent expense?”

Posted by April 30, 2019Business

Marketing Your Business With Stickers Has Never Been Easier

Stand Out From the Crowd

You may not have realized it, but business stickers help you stand out from the crowd. Lots of entrepreneurs or solely dependent on the Internet to catapult their business. Stickers, however, are promotional even if your potential customers cannot get online. In fact, you can give away stickers as promotional products with other things. Customer love free stuff, and the entrepreneur loves any opportunity to introduce their business to new customers. This is a two-way street where both parents get the opportunity to gain something.

Business leaders need an opportunity to stand out from the crowd. A new business leader cannot afford to do what everyone else is doing. These leaders should realize that their impact is felt much more when the images on a sticker are printed and displayed on some object that a potential consumer owns. If the sticker is in place on the refrigerator the customer has to view it every time that they open up the refrigerator. The competition may only have the attention of the customer if the customer makes a conscious decision to go to the website. If you are lucky enough to have a business in the home, however, you become the business owner that has a constant reminder of your business on the refrigerator of a potential customer.

Printing is More Cost-Effective

If you had to compare stickers for your business along with other things like television ads you are instantly going to see that you get more bang for your buck with customized stickers that you have printed. A television ad or a radio advertisement can cost a fortune. You can spread the word about your business for a whole lot less with customized stickers from Canada sticker printing, and this will reach many consumers that don’t watch TV or listen to the radio.

Posted by April 27, 2019Business

Easily apply for a business tax ID in Ohio

Have you just opened a new business? Do you live in Ohio and need to apply for a tax ID? If so, you have probably looked at the government’s tax ID website and balked. After all, why does doing something so simple have to be so complicated?

Thankfully, there is a way to make the whole tax ID in Ohio process much simpler. Just use a private company and let them apply for the ID for you.

How can you use a private company for your business tax ID in Ohio? — There are a handful of private businesses that offer to help you apply for an Ohio business tax ID. This takes only a little time to do, can be done via their websites and only costs a very low fee.

What information will you need to submit? — Each company asks for basic business information such as the name of the company, the address and telephone number and what type of company it is. They will also ask you a few questions about what you are selling or the services you are offering, including if you sell firearms or alcohol, or if you are involved in gambling.

After this, it is just a case of signing the application form with a digital signature, paying the fee via your credit card and submitting it. The company then processes it for you. The time this takes is just the same as if you submitted the application yourself, but the process is much easier.

How to find the right company — With several companies offering this service, it is actually quite easy to find the right company for your Ohio llc tax id.

You just have to compare the fees they are charging, and make sure you use a company with a good reputation.

Posted by March 4, 2019Finance

How To Get a Bad Credit Loan

What is bad credit

Bad credit can easily happen to anyone because of the different circumstances in your finance. You may lose your job or use up your money for an emergency causing you to default in your credit card loan. When you default your credit card loan, this is what is referred to as bad credit. Most if not all loan lenders stay away from providing loans to people with bad credits because they cannot trust that you will pay back the money in time. A bad credit card score means that you have a number close to 0 as opposed to one close to 999. When the number is closer to zero, it means that you have a bad history of paying back your credit card loans and do not pay them back in time. While you may have a bad credit card score, you may still need a loan.

Bad credit card loans

Some agencies and companies can provide personal loans to people with bad credit cards. These loans are specially made for these people because it may be difficult to find other loan lenders with the bad credit card. There are some tips that you need to follow if you have a bad credit card score and are in dire need of a loan. First, choose the right lender for your loan. Some of the organizations that offer personal loans for bad credit scores include credit unions, banks, and online lenders. When looking for the right online lender, it is essential that you look at their terms, limits and interest rates. Which takes us to our next tip choose a lender with a higher loan limit. It is essential that you choose one with a limit higher than 1000 dollars. This ensures that you get more for whatever purpose that you need the money for.

Interest rates

One downside for a bad credit card loan (check out NeedMoneyNow’s bad credit loans service) is that the interest rates are much higher than normal loans. Therefore the third tip is to choose a lender that has interest rates that are competitive. This is important because it ensures that you can pay back the loan plus the interest amount. Another tip is to check the repayment period. It is crucial to choose a repayment period that is longer and provides you with ample time to pay back the loan. The repayment period may differ with the interest rate. If the interest rates are high and the repayment period is little, it will not be advisable to take such a loan. Lastly, do enough research on bad credit card lenders. Relying on information from reviews may send mixed messages especially from individuals that were unable to qualify for their loan. Do your research and identify what loan lender best works for you.

 

Posted by January 29, 2019Finance

How to Easily Get a Loan

See where you stand financially

To assess your ability to get a loan, you should first where you stand financially. There are several factors to look at that can determine your chances of getting a loan and this is an important first step. Lenders reading your loan application will assess certain elements of your financial profile. Knowing where you stand in these metrics will allow you to determine your ease of getting a loan.

 Credit History

Credit history is one of the factors that lenders will look at it. A credit history is a report of how well you have managed your credit over the time you have possessed your accounts. It also examines your repayment history and any credit card debt you may have. It matters because a good credit history will illustrate to lenders that you are financially and fiscally responsible. This will also impact the amount of interest you will have to pay on your loan.

 Capacity

This is a measurement of your capacity to pay back a loan or make payments. This takes into account your income and expenses. The balance of your income and expenses is called the debt-to-income (DTI) ratio. The lower the DTI ratio, the more likely lenders are to approve your loan request.

 Collateral

Collateral is something that you own. This can be a house or a car or anything that you own that is valuable. This helps lenders assess the risk of granting a loan. If you have collateral that they can seize in cases of non-payment, then it makes them more likely to grant your loan.

 Capital

Essentially, capital is your saved up money and/or your investment portfolio. Banks and lenders will look at this when assessing your likelihood of getting a loan. This illustrates your ability to pay back a loan in the case of losing your job or main source of income.

 Conditions

Finally, market conditions matter. In a booming or growing market, lenders are more likely to give out easy loans, as there is more of a chance that you will be able to pay it back. In a more volatile market or a market in decline, however, lenders will be more hesitant to give loans, because it is riskier and less likely to be paid back.

 Conclusion

These factors will determine if it is easy or not for you to get a loan. After applying, lenders and banks will look at your: credit history, capacity, collateral, capital, and conditions. These five C words will determine your likelihood of being granted a loan, and if so, for how much money and with what interest rate. If you are rated well in these categories it will be easier to get a loan than if you are not. There is no secret or easy trick to get a loan, but making sure that you assess your factors like the lender will, can make it significantly easier.

Posted by August 21, 2018Business

How To: Apply for a washington tax id!

Starting a business can be a great thing for entrepreneurs, but they also need to remind themselves that the best thing about starting a business is having their own say in what is done. When you have your own say you need to have accountability for the things that are happening around you. One part of this accountability includes having your own tax ID number.

 

The Process of Getting a Tax ID in Washington

Every business is going to have to abide by different rules depending on the state that you are in. Washington has rules for entrepreneurs that are specific to the state of Washington. This is why people that are in need of a tax ID are going to need to consider going directly to a website that has IRS documents for business owners in Washington and find out how to get a washington tax id.

 

Your Business Status

In order to get to the application you have to select the type of business that you are going to be operate first. There are corporations that are being established while others may have partnerships. All of these different business entities are going to have different types of rules. There are different types of procedures for how a sole proprietorship is going to be run versus the business procedures for someone that is running any of the other type of business operations. You have to select one of these types before you get started with your business in Washington.

 

Everything concerning how you file your taxes will come down to the type of business that you own. This is what the tax ID in Washington will be connected to. That is the main reason why you need to know what business you are operating before you fill out an application.

 

The Application Process

A number of people are trying to establish a business and they want to go about handling the business in a legit way. This means that they need to be mindful of the fact that there are rules to establishing a business. When you fill out your tax ID application you are going to need things like a business address. You are going to need to supply personal information as well.

When you do these things you are getting yourself ready for a business that is connected to your personal identity. People are not allowed to establish fake businesses with tax IDs that have no correlation back to the person that actually started the business. This is not how the Internal Revenue Service works. When you establish a business in Washington you are connecting yourself with this business for many reasons.

One reason is that you have to pay taxes. You need a business tax number indicator that shows that you are actually paying taxes on the money that is being made with this business each year.

Another reason is that you are working for people that are part of a society that can report you if there are issues with the work that you are doing. The Better Business bureau can get involved based on your company’s tax ID.

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