Top 5 Questions to Hire an Accountant for Your Company

Are you thinking to hire an accountant for business’s financials? If that’s so, let me congratulate for this good move. But wait! We just can’t tag this move as ‘good’, as it all depends on whether you opt for good accountant. You must make the applicants applying for job pass through a few questions to judge their capability, and to decide if that particular person is meant to be accountant for your company.

Concerned about what questions to ask? Don’t have any single idea about it? Don’t panic! I am here to make you aware about those questions. Well, there are many that you may ask, but a few ones, to be precise, 5 questions are what you must ask before hiring an accountant for your company? Which those questions are? Do keep reading ahead to know about it.

What Experience Do You Have Working With Small Businesses in My Industry

The very first thing you should know about the applicant is his/her working experience in your industry. So, before you ask any other question, ask this one right away. It can help you know if that person’s experience can help your business in any way. Experience plays a vital role always, so make sure to select the person with good experience.

What Services Do You Offer

Although knowing experience of applicant can help you know about the services he or she offers, but still, it’s better to ask it in a separate manner. Ask the applicant about the services that can be offered by him or her, ask what type of account he/she is. Answer of this question can help you decide if the applicant is meant for your business’s financials things or not.

How Can you help me Grow my Business?

Accountant will get salary only if your business will grow. Since accountancy plays a vital role in business’s success or failure, so you must ask the applicant about how can he/she help you grow your business. Of course, to this question, innovative and impressive answers are expected. If you get them from any applicant, he/she may be person suitable for the job of accountant for your business.

How Can You Help me Prepare for Tax Season?

The tax season sucks time of companies. This is one of major reasons why companies preferring hiring accountant. Even for your company, it should be one among top-most reason. So, you must ask how can the applicant help you in preparing for tax season. Innovative ideas are expected here. More innovative the ideas are, more capable is that particular person as compared to others.

What’s the Best Way to Contact You

You must have an easy access to your accountant. So, you must ask the ways to contact the particular applicant. Since today is world of social media, make sure your new accountant is pretty active on that.

Investing Strategies for First-Time Investors

Thinking to invest your money in stock market? Not sure if things will go in your favor? Going through loss in very first investment is something that can bring your confidence to lowest possible level. If you don’t want to encounter that, you must make sure to learn strategies that are meant for first-time investors. The best thing is that you don’t need to go to any other page to learn the strategies, as I am posting the best ones here.

Investing is Not Only for Big Fishes

You have low money with you? You are worried if the money you have is enough to start the investment? Don’t panic about it at all. Get the first thing cleared in your mind that investing is not only for big fishes. You don’t need to have a big money to start investing. You can start with whatever you have. Since investing is a long game, so you must be patient to see the outcomes, you must be patient enough to lock the invested money for long time. If you want the things to happen quickly, sorry then, investing is not meant for you.

Understand Tax Advantages of Investing

Before you start with the investing, you must understand the tax advantages of it. Make sure that you are well aware about all the typical tax things. Just to tell you, whatever income you earn from investment made via Isa, you don’t need to pay any tax at all. You need to pay 10% on any dividends, which is higher for those with no investing. So when you are into investing, you are free to avail the tax benefits. Make sure you know about them properly.

Don’t put all your eggs in one basket

Yes, never do that. This is the major mistake that first-time investors make. No matter how high are the chances of any particular company seeing high profit in the near future, you should not, at any cost, invest your whole money in shares of that company. Stock market changes every second. You just can’t be completely sure about any company bringing profit for you. So, make sure to invest in shares of more than just one company. Putting all eggs in basket is most dangerous thing to go for.

Take Time to Choose Right Fund

Don’t be hurry when selecting fund. You should do a proper research. Regretting later can’t help you in any way. Make sure to consult the investment experts while selecting the right fund. Selecting right fund is not the only task you need to do, but you should also monitor that particular selected fund.

Invest Through a Fund

It’s better to invest through a fund than investing directly on your own. By doing so, you can cut the investing risk to minimal touch.

The Straightforward Approach to Solving Your Credit Card Debt

Credit card debt is one of the major problems one goes through nowadays. If you are going through the same, and are looking for the solution of it, then you are on the right page, as I am here with the tips that you can implement to solve your credit card debt.

Set Goals

Of course, the very first thing you need to do is to set the goals. Without setting goals, you can’t set a good path to have debt free life. If you are done setting the goals, you are on the right away. Make sure the goals you set are something that can be achieved. You should monitor your progress everyday to make sure that you are doing it all right to make the goals touch the practical form.

Create a Monthly Spending Plan

If you are spending your hard-earned money without any plan, you will face problems for sure. You must create a good monthly spending plan and must follow it properly. Doing so can help you track where your money is going. From there you can see if it’s going anywhere where it should not. Having monthly spending plan can help you save your money, and thus can help in solving your credit card debt.

Cut the Costs

Of course, one straight forward way to solve credit card debt is by cutting down the costs. Just set down, make a proper monthly spending plan like said already, check out the costs that you go through every month, find out which ones exist in the list without any purpose, and then finally, cut them down. Cutting down the cost can help you save your hard-earned money that you can use to solve credit card debt.

Get Rid Of too Many Cards

One of the major reasons why people face credit card debt is that they get too many cards. This is the worst thing that people opt for. If you have too many cards with you, you should start working on cutting down the count right away. You just can’t enjoy debt free life until you don’t get rid of too many cards. The best way to get rid of too many cards is to make a proper plan and check which card is best for you in terms of interest and other costs. Once you are done figuring out that, take the steps to get rid of rest.

Be Patient

Patience is what is tested when you are working to get rid of credit card debt. You can surely enter that phase, but it requires a lot of time. Don’t do the things in hurry, as you may have to face negative outcomes of that later on. Just be patient, let the things go slowly and steadily.

How to Remove Judgment on Your Credit Report?

How many of you are concerned about the judgment on their credit card report? Those who are should continue reading this post ahead, as I am here to tell you about the same. I am just here to mention 5 important steps to remove judgment on your credit card.

Credit Report

Be Patient, Wait for Some Time

Many of you might already know that the credit card companies have that mentioned in their policies that judgement comes with expiry period. So, if you want the company to remove the judgement on their own, then just be patient and wait for some time. The time may vary from five to seven years. You can request the copy of credit score with ease.

For any Legal Documents, Hire a Lawyer

In just the case you feel the need of any legal document, you should not show any hesitation in hiring lawyer. It may seem costly to you, but is not so actually, as there is possibility of getting the judgement removed in short time, which may help you in getting your credit score improved. Of course, you must be very careful when taking this step, as if the process goes lengthy, you may end up in lightening your pocket on lawyer and other expenses.

Appeal the Case

Yes, it’s right time to file the case. It may seem something quite tedious task to opt for, but is not so at all. Of course, you should only file the complaint after you are assured about getting victory in the same. Needless to mention that the winning moment can be touched only if you have sufficient proof with you. Once you have them, just step forward and appeal the case. Get the copies of motion and get them signed by the judge, then send them to the credit bureaus. If the things go in your favor, you will successfully find the judgment removed from your credit score. Since it’s time consuming process like said always, you must be patient. And if unfortunately you are not so, you must learn the patience first, then only dive into it.

Negotiate with credit agency

If the judgment goes right, then you are left nothing else but paying off the money. Before you opt for that, you must negotiate with the company. Doing so may help you saving a lot of your money. Once you are done with paying the money, you will get the document with stamp of legally void on it. You just need to forward that document to the company to get the judgment removed from your credit score.

File Satisfaction of Judgment

After the judgment is satisfied, just file the satisfaction of judgment. After filing it, send the copies to credit card company. Once you are done with filing it, to remove the judgment, the credit bureaus will have seven years.

Some of the top Credit Card Mistakes

With the evolution of time, the use of modern type of payment system is growing at its best. Credit card is something very important part of life. Although credit companies keep running campaigns to aware their customers, still, millions do silly mistakes that should not be done at any cost. If you also have credit card, then you must keep reading this post ahead, as I am here to make you aware about the most common credit card mistakes. Just keep reading ahead to know them so that you can keep yourself on the safe side.

top Credit Card Mistakes

Using Credit Card for Everyday Items

This is the most common mistake people do. Credit card should not be used to buy the items of regular need like milk, water etc. You should keep the habit of paying for such stuff with your monthly income. If you opt for other way and use your credit card for everyday items, then let me tell you, you will end up facing high unpaid balance which will create nothing but many problems for you. Paying for regular things with credit card does not bring any benefit. It’s subject to bad habit only. Make sure you don’t get into that habit.

Credit Card Rewards

Many people get tempted to spend money using credit card just to avail the lucrative rewards. There is nothing wrong in earning rewards, but the rewards are beneficial for you only if you are capable of paying the full balance at the end of month. If you are unable to do so, then let me tell you, the money you ‘earn’ via rewards, is far less than the interest you pay in case of not paying the balance on time. This is how credit card companies try to trap you. Take care of your pocket always. Spend only that much that you can afford.

Ignoring your Debt

If you are ignoring the debt, then let me tell you, you are doing nothing but digging a deep well of problems for yourself. The unpaid debt will do nothing but increase your debt and one day, it may touch very count that you will find unable to pay. Don’t try to hide, instead have a talk with credit card providers and know if there are any ways to lower the interest rate? Once you are done settling the interest rate, setup a proper plan to clear the debt.

Cash Advances

For the cash advances, the interest starts from the very first minute. There is no grace period in this case. In addition to a high interest rate, there is automatic fee of 2-4% that is charged. So, the cash advances come out to be very costly. You should try to avoid using the cash advance. Of course, you may be in urgent need of money sometime. Use cash advance in such time, but don’t make it habit.

How to Report Credit Card Fraud?

Credit card fraud is something quite common to see nowadays. If someone is using your credit card without your consent, then it’s credit card fraud. While we all wish that we stay away from such troublesome, but still, we just can’t be sure what future has got for us. Any of us can face this problem. You must know how to come out of it. You must have the knowledge about how to report credit card fraud. This post will tell you all about latter.

Report Credit Card Fraud

File identity theft report with your local Police Station

The very first step is to inform credit card company about the fraud. Since they will take your complaint only after you are done filing report with police station, so you must first file identity theft report. You should give as much info as you can give. Copies of credit card statement, other documentation are also what you may need to provide while filing identity theft report.

Call the credit card issuer and Cancel the Card

Go to the website of credit card issuer and find out the number to contact them. You should do it as soon as possible and should cancel the card. If you don’t have access to the Internet, you can find out the contact number of issuer from the documents that you got with credit card.

Maximum liability for the Fraudulent Charges

The next step is to find out the maximum liability for the fraudulent charges. Under federal law, if someone uses your card before your report it’s theft, maximum liability for fraudulent charges is $50.

Carefully Note Down Verbal Correspondence with the Credit Card Company

One intelligent step when you are in the said trouble, is to note down all verbal correspondence with the credit card company. You should note down the date, should note down whom you talked to, when you talked etc. You should also report and investigate the process and should  contact credit card company for the timely updates regarding this matter.

Compose a letter to the credit card issuer

The next step is to compose a letter to credit card issuer. The letter should include the date you firstly reported the fraud. You should attach copies of  police report, the complaint form from the FTC website, and other required documents as well. Just find out the “billing errors” address of the credit card issuer, and then compose letter in no time.

Request a written statement from the card issuer

After you are done with all previous steps, just request a written statement from the card issuer.

File a fraud alert with the three credit bureaus

This initial 90-day alert is quite important. It stops the person who is misusing your credit card, from doing so.

Things You Need When You Apply for Online Loan

Are you in need of money to buy something new, and are looking forward to get a loan for it? Are you planning to apply for online loan? If that’s so, then you must keep reading this article to know the things you need when you apply for online loan. Knowing those things can help you get ready for loan’s approval, otherwise you may need to face frustration caused by disapproval.

Apply for Online Loan

Your personal information

The information that can identify you in general way is what you must have with you. The basic information you need to have is your name, phone number, address etc. Of course, to have such info, you don’t need to do any kind of preparation at all. Since loan company is surely going to ask you your personal info, so make sure you have it with you.

Official identification numbers

You will also need to provide official identification numbers provided by government. These are required to prove your identity, to prove that you are actually the person that you are claiming to be. If you provide minimal information about you, chances are high that you would end up getting your loan request denied. In just the case you don’t have your official identification numbers, you should look for them in your ID card. One thing you must understand is that you should clear yourself, your identity while applying for online loan. Since there is lot of fraud happening in it everyday, so things are always taken with suspicion. Make sure you bypass that suspicion with your genuine details.

Your income details

Needless to tell you that the amount you get in loan is all dependent on your income details. The loan issuer must ensure if you will be able to return the amount, and for deciding that, income details is big factor. Your income details are what you need to have with you before you apply for online loan. Of course, playing the game of numbers is not gonna help you in any way. You will require to prove your income via required documents. After providing the income details, they will be thoroughly checked and verified by the money lender. This is nothing strange. The money lender must be satisfied that you will be able to return the amount along with interest on time.

Your outstanding debt

In just the case you have any outstanding debt, you should be ready with details of the same. The lender must be informed about your previous debt. This will help the new lender know the effective income of yours. With that, money lender can decide if you are worth the loan that you are seeking. If everything goes in your favor, there is no hurdle that can come in your and your intended loan’s way.

How to Get Your Free Annual Credit Report

If you have been using credit card for quite some time now, then you must be knowing what is the use and importance of annual credit report. Those who don’t know, just need to spend a few minutes scrolling the pages of web to collect useful info. Annual Credit report is something quite easy to get, and of course, as the name goes, it’s nothing but annual report of your credit card. If you want to monitor it properly, make sure you always get the annual credit report. For this, there are different free ways that you can opt for.

Free Annual Credit Report

Before I tell you the ways, let me tell that the annual credit report used to cost around $9.50 each a long time ago. But after passage of the 2003 Fair and Accurate Credit Transactions Act, these reports are made free. Equifax, TransUnion and Experian are the branches that provide the copy of annual credit report for free, on getting request for the same.

Below are the best ways about how to get your free annual credit report.

Online

The most convenient way to get annual credit report is getting it online. You don’t need to step out at all, just a few clicks and you will have copy of your report in no time. The process is quite simple. You just need to head over to www.annualcreditreport.com to access annual credit report online for free. This is the only authorized source available for now. There are many websites with their web address matching this one. Make sure you don’t fall in any online trap. Anyway, after going to the website, you just need to complete the steps that the sites requires you to do, so as to get the free annual credit report.

Don’t Miss: How do Credit Cards Work?

By Phone

If you don’t want to get the annual credit report online due to one reason or another, then you can have it by phone. You just need to call (877) 322-8228 to get the copy of annual credit report. This method is nothing less than a boon for all those of you who are not internet-savvy.

By Mail

On the website mentioned earlier, there lies form that you can fill and submit anytime you want to. After doing so, you just need to mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA, 30348-5281. You can order all three reports at once. Make sure you order the report from centralized agency. In just the case you go to credit reporting agencies, you will not be able to have free report, but charged one only.

That’s it. These are the ways you can opt for to get free annual credit report. Just opt for the one that suits you the most. In case you need any further help, do hit the below comment section.

How do Credit Cards Work?

In the current era of evolution, the credit card has become the best way to deal with payments, shopping, cash related needs. Most of you reading this post must be having credit card with you. You all know how to use it, but how many of you how do credit cards work? It’s good to have knowledge about working of credit cards. This post will tell you all about how credit cards work.

Meaning of Credit Card Numbers

First things first, you must know the meaning of credit card numbers. Just to tell you, ANSI Standard X4.13-1983 is the format used by most of credit cards. System is signified by the very first number. Here what the first number means:

  • 3 – travel/entertainment cards (such as American Express and Diners Club)
  • 4 – Visa
  • 5 – MasterCard
  • 6 – Discover Card

Of course, as the system changes, the structure of number changes too.

Stripe on a Credit Card

Stripe on a Credit Card

There exists magnetic stripe on the back of card. Magnetic particles in a plastic-like film are used to make that stripe. A magstripe reader is used to read the information hidden behind it. If ATM is not accepting your card, then there are two possible reasons behind it. First is dirty or scratched magstripe and the second one is erased magstripe.

Don’t Miss: WHAT YOU SHOULD UNDERSTAND WHEN USING YOUR CREDIT CARD

Smart Cards

We just talked about the authentication in credit card system. In smart cards, along with that, cryptography is included. There exists microprocessor in the smart card. For the functioning of these smart cards, Cryptography is highly essential. This is what provides security to the card and makes sure that no one else other than credit card holder uses the card.

Safety of Credit Card

Consumers have always the fear while using credit card for making payments online. They are always concerned about the safety of credit card, which is something quite likely to happen. Although the companies claim of providing high-end security to consumers, still everyday we hear the credit card fraud complaints. This is big concern for both credit card companies and cyber merchant. Credit card companies always keep working on taking the safety of credit card to higher end.

Credit Card Applications

Let’s now talk about the terms that you will go through when applying for credit card applications.

Annual Fees, Finance Charge, Grace Period, Annual Percentage Rate, Fixed Rate, Variable Rate, Introductory rate.

The terms while applying for credit card applications may send you into the clouds of confusion, so before you opt for it, make sure to do deep research.

Credit Rating

There are many factors involved in calculating credit rating. You can know about them by doing simple research for the credit card you are looking forward to have. While collecting info about credit rating, you should collect info about types of credit card as well.

What you Should Understand When Using Your Credit Card

The credit card has become important part of daily life nowadays. The credit companies are doing their best to improve their customer base. If you are going to have credit card, then you must read out this article, as it comes the things you should understand when using your credit card.

Credit Card

Credit Card isn’t a Cash Substitute 

Credit card is pretty easy to use. Just matter of few minutes and you can have cash in your hand. With that, it’s quite common to get the feeling as if credit card is cash substitute. If you get that feeling, and start using it as cash substitute, then let me tell you, sooner or later, you will fall in credit trouble.

Good Credit is Important to Have

Good credit is important thing to have. Sadly, many people who use credit card do not know the importance of good credit. If you are out of them, let me tell you that you need good credit for buying or renting home, getting new job, getting things on installments, getting other services etc. So, when using credit card, you must understand the importance of good credit.

Good Credit Takes Time to Happen

By now you know the importance of good credit. Just to tell you here, good credit does not happen in short time. It’s lengthy process and takes time to happen. So you must be patient for it. With good credit you can have low interest rate money with ease. So, you must know the things it take to get a good credit.

Debt can Happen to Anyone

Debt is something that can happen to anyone. Too much debt is not only bad for your mental health, but also can show its bad impact on many other things. If you get too much debt, then your profile will look bad for future money lenders. Who knows you may be in need of money in near future? Poor profile will result that you won’t get debt from the future lenders easily. Poor financial decisions are what cause the debt. If you want to stay away from that awkward situation, you must take financial decisions with patience and deep thinking.

Ask for Low Interest Rate

If interest rates are high, your credit will become expensive for sure. Such a credit will be nothing less than a burden for you. If you have good payment history, and good credit score, you are always free to ask for low interest rate. That can help you pay back the debt amount with ease.

Well, credit card can work out as boon or curse depending on how you use it. Many people make it curse just because they don’t know how to use it. If this is the same with you, then credit card is not meant for you.