Safe lock code on safety box bank security Protection
Those who believe in investing in assets and stocks may find cash saving absurd. However, a recent survey revealed that nearly 43 percent of Americans actually prefer to keep their savings in cash. Interestingly enough, more than half of these Americans plan to stash their cash in secret home safes. On the surface, it might seem like a smart idea. After all, who doesn’t want to keep their savings a secret, hidden from the eyes of financial institutes? There is, however, a downside to stashing cash.

Before we delve into the details of the risks involved, we should dissect the reasons behind the rising trend of keeping money in home safes rather than banks.

Why Are Americans Going for Home Safes?

The leading reason is mistrust. Over the past two decades, Americans have seen enough financial distress to stop trusting banks and even government funded financial institutes. Besides, the last decade was full of unexpected tax hikes and many banks have increased the number of various forms of the fee they deduct solely for letting you keep your money in their lockers. Home safes, in contrast, seem like a one-time investment where your one dollar bill will remain a one dollar bill no matter how long it stays there.

The economic instability has also shaken the general trust in investment vehicles, such as stocks. It is one reason many people believe that they might as well keep their savings in cash rather than taking the risk of investing it. There is no surprise that they are their stashing cash instead of making an investment.

Lastly, let’s not forget that keeping money in a secret safe is one of the sure shot ways to evade heavy taxes on your savings.

All of these factors have played a role in driving a big chunk of the population back towards the old ways of saving money in home safes.

Better Safes with Better Security

Other than all of the factors that have caused an air of mistrust between banks and consumers, there are a few developments that make home safes seem safer. First of all, companies are developing smarter and safer products that make you feel like you have more control and freedom. Secondly, many insurance companies are providing insurance for the money you are keeping at home.

Is Stashing Cash Really a Good Idea?

Stashing cash might seem like a very smart idea, but the drawbacks are real. Here are some of the reasons it may not work as much in your favor as you are expecting.

First of all, it isn’t safe. Despite the insurance policies, stashing cash at home makes it vulnerable to more threats than keeping money in the bank. Most insurance policies only cover theft or robbery but there are a number of things that can literally turn that cash into a pile of trash. Fire or flood, your money will be worth nothing if it is ruined in an incident that isn’t covered by the insurance provider. Worst-case scenario: Imagine your pet or toddler finding your secret cash stash and tearing it to bits. This is also the kind of incident insurance providers aren’t likely to protect your savings against.

Cash Doesn’t Grow

As the value of currency changes, the worth of your cash decreases. While your one dollar bill will remain a one dollar bill decades later, you may hardly be able to buy half of what you can buy now. A standard savings account, on the other hand, will earn enough interest to cover the time value of money.

In simple words, money kept in your home safe is hardly even safe.

When Is It Best to Stash Cash?

Keeping cash at home for the sole purpose of keeping your money safe isn’t the smartest thing to do. However, it doesn’t mean that it is always a bad idea for everyone. The only good reason to keep cash at home is when you do not plan to save it for long or when you finally take out all of your savings and plan to spend it all.

Not relying on banks and hiding your savings from the watchful eyes of the government may seem like a smart move, but it actually limits your chances of making more money out of the cash you have. Think twice before buying that home safe.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Modern server and connect cloud
In the world of internet security, virtualization of services such as storage for cloud computing is set as a high priority. Cloud computing, itself, for an IT infrastructure is the ability to use, for example, computing power and storage like databases or network assets. While it is a highly versatile solution offering almost-limitless benefits, it is, at the same time, a complicated and highly complex affair of a business. Especially applications, the cloud can refer to the browser-based SaaS applications in which users have to pay for the services. This has led to technological advancement by breaking traditional models of proactive technology.

The best database for your organization is deployed for cloud computing assistance and many options are available. With so much out there, it can get confusing as all solutions are based on enterprise scenarios. Security, performance, and compliance are the top three most critical keys to focus on for all organizations that are centrally prioritized. The best practices are essentially required to manage the priorities of the database strategy for the enterprise model. Without implementing this, even the best database for your organization would not provide the optimum level of functionality.

Private Cloud Solution

Due to the customization ease towards business-specific needs, a private cloud solution allows more control over the enterprise environment. It is also a part of the IT infrastructure that has enhanced security which boosts confidence in the security of the solution, as the IT system owns it. Due to the geographical position of a user, latency is an issue as the legacy application is impacted due to the data and user relatively located. Especially when using mobile devices yielding the remarkably poor experience of users. Also, the company offering the data, if remotely located, would also contribute to a greatly frustrating usage of the service. The best database for your organization cannot let users shed tears over the poor performance that may be critical for their assigned tasks.  Other concerns are industry-specific regulations compliance issues that are severely strict. Some countries have set implementation policies and regulations which do not always match the business in other countries, creating a policy nightmare.

Hybrid Cloud Solution

Hybrid cloud solutions are very flexible and more customizable than the previous solution. This solution allows managers to select and opt elements needed from private or public clouds if the need arises. Cloud bursting is the largest benefit of this solution that helps when more users suddenly show up and request services. The burst can help handle the system’s intake of extra users without downing the system. Its self-managing features allow more flexibility to be able to handle workloads according to business requirements. The cons are that it’s highly complex, integration can take long periods of time and connecting with public clouds increases potential security threats. It also may lead to overuse of services whereas users are scarce, a result of auto-management.

Public Cloud Solutions

The scalability of public cloud solutions is phenomenal. The cost models let users’ select pay-as-you-go benefits that are an added advantage. With faster performance capability and new application induction into services offered, using legacy applications are challenging. Sprawling here is also a major issue like hybrid and lead to advanced security threats. Without strategizing for proper management and control, costs sometimes rocket, resulting in negated savings and lower efficiency of the system. Another shortcoming is data visibility where the location is hard to determine where it resides once inducted into the database cloud. By its nature, the public cloud solution is homogeneous in that it works on different enterprise needs. Latency can be an issue depending on the enterprise architecture and the way it is implemented, deployed and utilized. In order to choose the best database for your organization, dependability is a high concern.

Appliance Database

The data center takes care of an appliance database management, which is either self or vendor based. There are thousands of vendors out there who provide this solution but performance and support facilitation are greater if one is selected for the whole set up. It can be disadvantageous to use a single vendor creating a limiting monopoly while applications databases can become niche and seldom used. This solution is also expensive but can be cost-effective with the right settings over a period of time.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

A close up of the marijuana farm industry. Beautiful macro and micro shots. Green house, outdoor, indoor plants. Harvesting cannabis, planting weed and more.
With laws simmering down against cannabis and cannabis cultivation, it has seen a popularity gain worldwide. The US is the latest to have major bans lifted in legalizing it and, with the benefits it carries, the social orders are appreciative. Pharmaceutically, cannabis has been proven to help with insomnia, high blood pressure, diabetes, and many other disruptive conditions. The main reason cannabis is effective in helping the mind relax is the increased levels of THC cannabinoid present in the plant. Tetrahydrocannabinol or THC is one among hundreds of chemicals found in high quantity in the cannabis plant called cannabinoids. THC is the most abundant and highly occurring chemical in it.

Cannabis cultivation is primarily for self-sufficiency in treating conditions such as depression, anxiety, and other psychological ailments. It also helps in physical diseases such as glaucoma as well but its usage is often for leisure and recreation. Due to its demand, it is prone to regulatory costs and taxes which will lead it to the rates going up. Many enthusiasts or people in urgent need of large supplies of cannabis resort to growing their own to get their supply without delay. Like all skills, it requires time and patience but, not to worry, the cannabis plant itself is resilient and can withstand severe temperatures. It can withstand a large range of climates. The cannabis cultivation process is simple and straightforward which makes it an easy cultivation.

1. Starting Out: Choose Preferred Seed

Choosing from the wide range of strains available in the market can be dauntingly perplexing, but if you know what exactly you want, you are all set. There are a number of hybrids that can be recommended but we’ll let you decide based on your personal experience. The ones you’ve tried and liked would be preferable because some strains are overwhelmingly potent for newbie users. The cannabis plant has been researched greatly starting, in modern times, with 1964 longsighted by an Israeli man named Raphael Moechoulam, a chemist by profession.

2. What To Know: The Basics

Cannabis cultivation requires an understanding of fundamental information that enables anyone to harvest a satisfactory yield effectively.

Light

Like all plants, sunlight is needed for photosynthesis. It is ideally recommended to use 12/12 hours of light and dark. With controlled light schedules, for example, timers can be used indoors in a suitable place until you can expose it to its final growing place.

Where to Grow the Cannabis

Deciding where cannabis cultivation will take place will help determine many other vital aspects associated, such as its expense and costs. For example, choosing the soil and location. For an indoor cultivation, proper lighting, fixtures, and other materials are required for proper greenhouse effects. Windy areas are not recommended. It is preferred that the plant is given dry and bright lit places for 12 hours and then 12 hours in dark and damp areas. Some people even use rock wool for cultivation as it carries nutrients.

Air Quality

Suffocating areas with low air quality disappoints the plant’s ability to produce THC laden resin and may even reduce its growth. An airy abode is an optimum requirement. Windy places can damage and break the cannabis plant in places. Also, outdoor cannabis cultivation does not harm the plant but it will need to be regularly tended to. For indoors, the plant may face stressful conditions with low light, heaters or fires, and no air movement. Above all, bad air quality will hamper its ability to produce a good growth.

Water

Without a proper watering schedule, no plant can survive. Water is the most important factor that will help your plants grow, at a certain age, massively. Also, the higher a plant gets, the more water is needed to make sure your plants get enough nutrients. Outdoor cultivation can be more convenient, as rainfall does very well for cannabis plants with balanced water. Indoor cannabis cultivation requires personal delivery of water through various chosen means such as tap water checked for ph levels that is delivered on a timetable and schedule.

Temperature Requirements

The plant itself is resilient and can withstand high and low temperatures. Although, it is not immortal and will die with prolonged exposure to extreme temperatures. The plant is peculiar in its methods used under stressful conditions, however. A consistent temperature of about twenty-seven degrees centigrade is recommended for ideal conditions. Indoor heating and air conditioning can be set to a controlled state to produce excellent results. Lights enormously affect the cannabis plant, so use them for cannabis cultivation carefully considering the amount of heat they produce. Cultivating outdoors is a little trickier if you do not understand the area well. Selecting the time of year with ideal conditions is suggested as it’s easier to tend the plant personally along with avoidance of extreme temperatures.

Nutrients And Supplements for Growth

The need for growth is supplied with water, air, and nutrients that help it thrive. In addition to this, using every day throwaways like banana peels and used tea bags can provide excellent nutrition to the cannabis plant. Composting is also a great way of creating prodigious soil. For cannabis cultivation, fertilizers are used in small quantities but are not mandatory as organic elements significantly increase the cost efficiency while maintaining a good chance of satisfactory yields.

Humidity And Its Effects

Humidity is a friend of the plant at certain stages of its life. But, unfortunately, it is impossible to control without setting up a small greenhouse. Especially indoors, the need to maintain humidity is important because the flowers have “sweat” generating on the trichrome during their humidity-craving time when the cannabis plants have blossomed at a later period in their life.

3. Using Lights

There are a wide range of solutions in cannabis cultivation for the choice of lights. There are manufacturers dedicated to making lights for growers and enthusiasts which are reasonably affordable. Also, since its legalization, there are manufacturers of grow cupboards for the die-hard cannabis fan. These cupboards are expensive but worth every penny. These cupboards have fans, lights, timers, filters chambers and everything needed to begin cannabis cultivation. There are cheap lights out there that can be pretty effective in giving good results such as CFL and LED panels. For cannabis plants, these are fairly cheap and can easily fit in a cupboard to grow some great buds. Lamps used by experienced cannabis cultivation experts and growers help by providing ample heat for the plant as well. But, a small place can get too hot for a small plant.

4. Hatching Seedlings

The simplest way of germinating seeds is by using paper towels. Paper towels moistened with water are placed on a plate with the seeds in between two paper towels that are placed in a dark and warm place. When the sprouts of the roots can be seen from the seeds, they are transferred to their place of growing. If you are using cannabis grow cupboards, planting the seed directly into it will be more efficient and friendlier for the plant, leading to easier cannabis cultivation.

5.  Grown Plants

Indoor plants need more light for energy and require less night time. With an airy and spacious growing area, notorious soil, and lights that help it thrive, the plant will yield higher amounts of produce. For those who are congested with low space, the plant can have a problem in their vegetative state. Outdoors situations differ as space is not normally a problem. The end of March to mid May is the ideal time to cultivate, depending on your location. Like all plants, light is vital for cannabis and summer offers the most cultivation time. Being farther away from the equator means that the vegetation time decreases.

6. Flowering Or Budding

In the flowering phase of its life, cannabis cultivation pays off with its fragrance and aroma in the air. As the plant grows, the bud or flowers start showing and in the following couple of months, these fragrances enhance and mature. When the flower blooms, the resins start showing strains with miniscule trichrome like puffballs. The pistils and leaf surfaces start to turn a shade darker due to the forming of resins. Over the weeks, multiplied flower clusters are clearly visible in the cannabis plants, which lead to swollen flowers.

 7. Harvesting

In harvesting, nutrients are ceased and only water is provided to the plant to retain its natural flavors in this part of the cannabis cultivation. Now, covered with heavy swollen trichrome, it is ready to be harvested. Harvesting requires the plant to be matured by allowing to dry it off after picking it. It takes about two weeks to get it completely ready by dehydrating them properly, leaving only a crunch. For curing this problem, store the buds in a jar and leave them for two or three weeks. Open the lid of the jar to allow the plant to breathe at least once a day and always use a dark and dry place for storing it. After curing it, it is ready for use.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Wireless payment using smartphone and NFC technology. Close up. Customer paying with smart phone in pharmacy. Close Up shopping

What Is a Point-of-Sale System?

A POS or Point of Sale system is essentially a system that mixes and eases up the payment processes of a retail store. It is made up of a software that is usually used for recording all of the details of each sale as it occurs, all the while updating the inventory records while providing customer management features that enable easy operation of your store. It further generates reports for you so that easy analysis of the sales data is made possible. The hardware of a POS may also consist of a bar code scanner, cash drawer, receipt printer, order puncher, and other such peripheral equipment based on your own particular needs.

Innovations in the POS System

Point of Sale in retail has seen a lot of innovations over the years but now, with the rapidly changing technology, we have witnessed some very innovative POS systems. The innovation has brought more ease and comfort for both customers and retail shop owners, with paying just by your face via PayPal or generating e-receipts. Retail business owners are demanding more unique innovations in order to stand out from the rest.

Some of the innovations that we might see around in the POS systems in 2018 are discussed below.

No Checkout POS

Point of Sale Systems have revolutionized retail businesses. Imagine a store where you arrive, walk around in the aisles, look for your required item, pick it up and walk out of the store with it. It is possible as an innovative POS automatically generates payments the minute you walk out the door. There would be no physical POS system and no requirements to scan codes. Originally brought forward by Amazon, this innovative POS system is now making its way into mainstream retail businesses. The new POS system makes use of sensors and artificial intelligence to make the payments by a customer’s virtual cart where the customer is charged for the products.

Mobile POS App

Order and pay on the move the next time you head out to eat or grab coffee. Make use of the interactive apps on your phone that also act as an innovative POS system allowing you to not only order your food but pay for it as you go. You can enjoy your meal and leave quickly during your busy lunch hours. This innovation was introduced by a UK based coffee shop. It simply quickens your procedure and cuts your mealtime, allowing you ease and comfort while providing business owners a hustle free counter. The same Point of Sale system is being followed by a shoe shop in the UK as well, allowing you to buy a selected product by simply scanning the code on your product while making your payment automatically.

Virtual Shopping with Tablets

Innovative POS Systems are also helping to enhance the customer experience by not having to go to every retail store. The products are simply kept on display, where a giant tablet is also provided in the window, allowing customers to go through the latest collection of clothing of their favorite brand. The customer would have access to designs, colors, and a whole variety of choices on their fingertips without wasting their time going through stacks and rows of clothing. The same tablet could then be used to place your order and pay for it, too. This POS is gaining quick popularity in the US.

Make your Face your Money

A hotel in Birmingham has come forward with a unique innovation in Point of Sales where all customer just have to smile as they check out. It triggers a picture that is matched to your profile picture on PayPal, allowing you to make payments on the go without having to go through any hassle of waiting in line. Once the payment is made, an e-receipt is generated.

Conclusion

POS Systems are revolutionizing the way customers experience shopping. As newer POS systems are created, the customer experience is enhanced, providing both the business and customers numerous benefits.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Side view of a businessman shading his eyes with his hand looking at falling diagram. Economic and financial crisis. Stock market selloff.
For companies that are doing e-business or other business-to-business companies, the arrival of January is like a dropping down of their business. The decline in sales is so huge that it can be represented as a steep decline on a graph. The reason for this is that people have shopped enough before Christmas and the New Year’s arrival. Many are under debt. How can they buy more if they already have a huge amount of debt?

However, there are many people who will be waiting until January and February to shop as they are waiting for the prices to drop. After the holidays, both the traders and the customers are exhausted. But, there are still many who would like to grab the opportunity of shopping after holidays.

Before the holidays, traders must run their promotional campaigns for high sales and to attract more customers. However, don’t exhaust yourself after the holidays and drop all of the work to attract customers to your products and services.

Starting a new year means a beginning a new plan. Bring new life to your business with the start of every New Year. Do not let it go down hill so steeply.

How do Companies Beat Holiday Sales Slumps?

Refresh the Brand

Right after the Christmas, online brands come to their old products and services. Here, you can have an edge to refresh your website. Adapt new designs, logos, color schemes, and many other attractive features on your website. People coming to your website will love to see the changes you have made and will be feeling refreshed after a hectic, busy holiday season.  Refreshing your brand is a good tip for beating holiday sales slumps.

Focus on the Upcoming Season

The holidays are over and winter is here. People have most likely already bought enough for winter. Why not go for the upcoming season items in your business? Start adding spring/summer products for sale in your e-commerce business. T

Do Not go for a Price War

If another company has raised the price of their products similar to the products offered by your company, do not start a race. People will love to see that you are still offering the same prices or, at least, prices that aren’t as high as your competitors. This will increase customers’ loyalty to your brand even after the  holidays are long gone. Rather, go for additional discount packages on your products and/or services. 

Time to use Emails you have Received

During the holiday season, you have probably received a bunch of emails and customer feedback. Now, when you launch a new product or service, use these emails for the promotions. If you have any promotional packages, send it to your potential customers through email. Share with them the offers, new releases, hot offers and other deals. This will keep your customers’ interest in your products alive. Your old customers will love to see their preferred brand still going well and appealing. They will be at your site again for their next purchases. 

Customer Services

After the holiday season is over, you have time to respond to your customer’s queries. Do it. People love feedback and having their questions answered. Answering their emails and comments is a good step in making them loyal to your brand. This is very essential in beating holiday sales slumps. Former customers or just visitors to your website may become regular customers after this kind of direct interaction with them. 

Conclusion

After the holiday season, sales can slow down. B2B companies beat holiday sales slumps by using different strategies as mentioned in the article. Go for all of them whenever possible.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

Wooden Blocks with the text: Fees

A lot of hand wringing over such an undemanding proposition: When a financial expert gives you guidance regarding the life savings in your retirement account, that person must act in your top interest.

It took quite a few years for this so-called fiduciary rule to achieve consent. And then, we have seen President Trump telling the Labor Department to revise this uncontroversial proposition which he desires to turn over. A few days later came a huge failure for industry players who challenged the legitimacy of the rule in Texas, where a centralized judge ruled against them.

The finest technique to understand what the fiduciary debate is about is to sight this debate through the lens of fees. Every time you do business with people in the financial services industry, ask them this: How much money are you making and what are the different ways you are making it?

The finest clarification we have seen of what a fiduciary is and does comes from a video that a firm called Hightower Advisors posted on YouTube in 2012. There, they contrast butchers and nutritionists. Butchers provide meat, possibly the best meat they have. Nutritionists, on the other hand, tell you what is best to eat. When in search of advice on your life savings, you probably desire to speak to the nutritionists and not the butchers. However, the butchers of the financial world are in a pretty good spot right now. After all, we have just seen eight years of stock market gains. 

You will be seeing this pitch soon enough and, when you do, there is an extensive list of questions you need to ask. In fact, any time anyone is trying to sell you an actively managed mutual fund, a real estate investment trust, or REIT and you don’t understand, hit them with each and every one of the following questions.

Questions You Need To Ask About Investment Fees

1. How much money will you individually make now in cash commission if we select this product? And, how much will you make later in any sort of ongoing or trailing commission?

2. Is there a bonus you are qualified for which comes as a result of your employment to this firm? Is it in danger if you do not make this sale?

3. Are you earning more from advertising this product than you might from putting me in a similar product from a diverse company? Are you earning more than you might if you put me in a different vehicle from the same company?

4. Is your company or the company that shaped this product running any contests that may lead to you getting a free trip or incentive if I buy this product?

5. Do you get to eat lots of free food?

Then, there is some nitty-gritty. You will be offered all sorts of product features and extras and you will need to ask the following questions:

6. How much more will I pay in fees if I choose to receive a sign-up bonus on my allowance? Or, for a definite minimum income or benefit if I elect to receive my money in monthly payments starting at some later date? What if I want a death profit for my heirs? Are there precise charges for the insurance component of the product? Are there any penalties for pulling my money out before time?

7. As for any sub accounts in my pension, are there expenditure ratios or fees for the money there?

8. Does your firm stand to collect any fees that you yourself will not split as part of your payment because they have favored one product or another or restricted their platform to certain products and locked out others?

Conclusion

However, whatever happens, so much will hinge on squishy terms like suitability, best interests, and the reasonableness of fees, legal exceptions to any and all standards and whoever is adjudicating any disputes. Rather than getting caught up in all of that, it’s probably best to defend yourself from the outset. And, in an industry that makes a game of hiding lots and lots of fees every which way, the best possible response is to ask lots and lots of questions.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.


Psychotherapist comforting man with depression during psychotherapy meeting
Substance abusers receive primary care at a rehabilitation center for drug and alcohol abuse. A rehabilitation center has highly trained professionals who provide the best care to the substance abuser. These professionals are experts in dealing with various issues that alcohol and drug abusers deal with regularly. Treatment options are plenty. The treatment options are based on the person’s addiction level and their mental and physical health.

The treatment facilities at a rehabilitation center are based on the philosophy comprised of a variety of biological, physiological, and social intervention. The research by experts shows that no single treatment suits all drug and alcohol addicts. Seeking addiction treatment is more effective if the rehab center offers customized treatments for patients.

Outpatient Treatment Options at Rehabilitation Centers

Rehabilitation centers provide outpatient clinics for different types of drug and alcohol abuse victims that provide separate treatment sessions for different kinds of addicts.  The sessions are helpful in determining the dependency level of substances in each individual.

To be admitted to an outpatient treatment facility, the participant must undergo an initial evaluation. The initial assessment is useful in identifying the causes of the addiction. According to the mental and physical health of the patient, a sufficient treatment plan is processed and discussed with the substance abuse victim and their family.

Helping Teenagers Quit Their Dependence on Substance Abuse

Teens and young adults are at risk of developing a drug and alcohol addiction. There are different reasons behind drug and alcohol abuse in teens. Many teenagers suffer from mental health issues that lead them to consume alcohol and drugs. Therefore, they require primary care at a rehabilitation center to help them get their life back and to avoid getting addicted to drugs again.

Other recreational drugs, like ecstasy, are becoming popular among teenagers. Substance abuse is a severe problem in our country today. Customized treatments for patients at a rehabilitation center help in improving the mental, physical, and spiritual health of teens. It’s difficult to know how quickly that simple casual drinking with friends could result in severe alcohol abuse. There are rehab programs that are designed to help teens struggling with addiction. 

Recovery Programs at a Rehabilitation Center

Experts with extensive research and knowledge about drug addiction or alcohol abuse will be aware of the negative consequences of being an addict. A 12-step program is one of the best drug addiction treatment facilities at a rehabilitation center. 

Alcoholics Anonymous were the founding fathers of the 12-step therapy. The treatment method was developed in 1938. Alcohol treatment centers today use versions of the 12-step recovery program. It includes a life-changing program that provides help for families of the addicts.  

Assisting in Detoxification and Withdrawal

Withdrawal is the most painful part of the entire treatment process. Primary care at a rehabilitation center makes the detoxification process easier for the individual. The detoxification from different types of drugs like vicodin, codeine, Subutex, methadone, heroin, and ecstasy is hard to bear.  

Many popular rehabilitation centers provide steps to make the withdrawal process easier. They assist individuals in their withdrawal process by making the process as painless as possible. Customized treatments for patients offer a quick and painless detox. It allows the individual to:

  • Decrease or completely eliminate the pain during the detox process
  • Help the patient regain their strength, sleep patterns, and appetite
  • Help in stabilizing the mood of the patient

To make the detoxification as painless as possible, experts use different treatment methods. The safest and most reliable treatment plan is offered to the patient according to their dependence level. Some treatments help the patient sleep through the detox process.  

 Modern Facilities at a Substance Abuse Center

Some facilities at a rehabilitation center are offered to patients with substance abuse. Facilities at a rehab center have swimming pools, game rooms and other interactive activities that help the substance abuse victims in getting rid of their destructive habit.

The Ultra Rapid Opiate Detoxification is an effective treatment program that treats substance abuse victims. Treatment services are practical in making this treatment service more mainstream. The treatment is gaining popularity due to its low risk of relapse. The ultra-rapid opioid detoxification has meaningful results. It is ideal for patients who experience different painful sensations during withdrawal.

Customized treatments for patients at a rehab center are the most effective way of reducing physical sensations and physical dependence on drugs. It is an efficient way to get rid of physical dependence, quickly and painlessly. Thanks to its low risk of relapse, detoxification is an excellent treatment option for substance dependent individuals. The treatment will help the patient in fighting their addiction. Drug and alcohol rehab allows patients to experience the worst effects of withdrawal under the special care of experts. The participant usually does not feel any pain after waking up from the process. It is important that the addict realize that addiction is a life long disease and they must continuously work on staying sober for the rest of their lives.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

 

 

Business women using magnifying to review financial summary report. Concept of Internal audit, Auditing tax,  Analyze return on investment.

What You Should Know about Business Tax Audits Conducted by the IRS

1. Most of these audits are conducted in person by the IRS.

2.
These audits are very comprehensive and cover issues such as income tax, employment tax, and payroll tax. Proper preparation is crucial for the audit.

3.
The determination of the IRS agent is not final. You have the right to appeal against their determination.

The audit of your business tax return is conducted in order to verify the authenticity of the information that you have filed. Questions such as whether you included all of your income and filed only for deductions that are permitted by the law are looking into. These audits aren’t conducted at random. Returns likely to have some errors in them are selected by the IRS through a set intricate criteria. The audits begin within a year of filling and are completed mostly within that year.

The Returns of Audits are Conducted in 3 Ways

1. By mail: This type of audit is known as a correspondence audit.

2. At an IRS Office: This type of audit is known as a desk or office audit.

3. In person: This audit is conducted at the site of your business or your home and is known as a field audit.

As mentioned above, the majority of business audits are conducted in person, i.e. they are mostly field audits. Field auditing is an extensive task and considered a physical inspection of all aspects regarding owners and their businesses. The IRS takes a close look at the accounting system and business records while physical inspections are carried out to deem the authenticity of those records. It can take up to a year for a business audit to be completed (in most cases). However, the audit time can be reduced if a business properly prepares for the audit with prompt responses to the requests and questions raised by the audit team.  

While the audit is being conducted, the IRS requires you to submit all necessary documents (such as bookkeeping records) that are used to determine your financial position. You should be accurate and precise when providing the information requested by the IRS. It is recommended to have a licensed tax professional to handle your audit-related tasks. You will need to provide your tax professional with the facts needed to handle the audit.

Understanding the Scope of an Audit

The scope varies according to the type of audit being conducted. Here’s what you should keep in mind:

  • Mail Audits are very limited. They include a check on a few items, which are mentioned in the audit letter that the IRS mails you.
  • Office Audits go into more detail. They are generally less complex than field audits but, in certain situations, they may have a scope similar to that of a field audit.
  • Field Audits are the most time consuming. They include questions that probe into the activities of your business and your business’ financial position. It is a wise decision to hire the services of a tax professional to represent your business in front of the IRS.

Preparing Responses to Questions Asked by the IRS

Mail Audit: Preparing for a mail audit is a relatively easy task. You will only have to prepare complete responses to the questions included in the audit letter you received via mail.

Field and Office Audits: These can be more complex. In this, you will need to:
  1. Prepare for the meeting session you will have with the IRS agent/officer who will be conducting the audit
  2. Prepare and compile the information that has already been requested by the IRS
  3. Prepare for any sort of questions that the IRS and the IRS Agent/Officer might ask

In simpler words, you must be prepared to answer any sort of question related to your financial activity that has happened during the year for which you are being audited. You will also need to recreate documentation for anything that isn’t documented (or if relevant documents have been misplaced). Third party records or other records must be used for reconstructing such documents.

Respond to any request for documents/information promptly and on time

  • The IRS will increase the number of questions if they think it is necessary for you to change your returns. If you get an IDR (Information Document Requests) which asks for more information about finances, it is important to respond by the deadline in order to avoid any sort of suspicion on the IRS’ side.
  • The IRS may tell you that items such as income and deductions have been misreported. If you disagree with their conclusion, you must represent your interpretation to the IRS.
  • Finally, the audit is closed with the IRS either recommending some adjustments to your returns or accepting your returns as they are. You would, however, be given a 30-day window to appeal their decision.

Check out America's Best Bookkeepers

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.




 

women using calculator calculated individual income tax for pay taxes annual.
Past due payroll taxes can cause a lot of problems for you and your business. Because of the increased efforts to enforce tax compliance, there is a threat of your business being shut down and you being subject to penalties, criminal investigation, and tax debt.

Smaller businesses have a higher chance of being subject to this tax compliance because they are the largest group suspected to be responsible for tax avoidance and evasion. It is for this reason that the IRS targets these business owners, especially during critical economic times.

What can Happen if you have Payroll Tax Problems?

If there are issues in the tax payments of your business, the repercussions can be detrimental, especially if the Federal Government takes on the extreme version of their tax compliance enforcement.

Closing Down Your Business

First, the IRS is extremely powerful and, if it becomes aggressive, it can do a lot from locking your business’ doors and shutting down the operations of your business. Plus, they can do that without getting it approved through a court order. They can seize or confiscate your equipment and machinery and even divert your account receivables towards themselves. Seeing that the IRS has so much power and that it will use it against those who don’t file, deposit or pay their taxes, dealing with payroll tax problems promptly becomes necessary.

Hefty Tax Bills

Another thing that can be a problem for you are the fines and the penalties; these can continue adding up to turn into very big amounts. A hefty tax bill is the last thing you want for your business. The three big penalties that you would need to worry about if you don’t solve your payroll problems are:

  1. Failure to File
  2. Failure to Deposit
  3. Failure to Pay

This all can collectively turn into 33% plus interest which can become too dependent on the conditions of your business. Inability to pay these tax bills may lead to confiscation of assets or, worse, closure.

Federal Crime

Not properly filing or paying your taxes, including those concerning payroll, constitute a crime against the federal government. Your case can be put forward to the Criminal Investigation Division leading to a case referred to the Department of Justice if the IRS can prove that you intentionally avoided and evaded taxation.

Furthermore

It is illegal to use the money taken on behalf of payroll. In a business’ operating expenses, it is common practice for many small and medium-sized businesses to do so. However, it is to be understood clearly that money collected for withholding tax, FICA, Medicare, and Social Security doesn’t belong to the business and must be paid to the government. Ideally one must make a tax deposit 3 days after the payroll checks are issued.

 The IRS can come after individual owners and shareholders for unpaid payroll taxes. It has access to the Trust Fund Recovery Penalty (TRFP) which it can use against shareholders and owners. Even the thought of the IRS being able to snatch you behind the protective cover of the ‘corporate veil’ can send shivers down one’s spine.

What do you need to do?

If you’re going to be audited or if you owe payroll taxes, it is recommended that you talk to a professional accountant or bookkeeper. It can be really problematic if you don’t have expert help, imagine being without a lawyer in a courtroom. It will be a lot easier to face an audit or handle a non-payment if you have the services of a Tax Attorney or a Certified Tax Resolution Specialist.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Bottles of cash with coins isolated on the background.

Budgeting is the procedure of generating a strategy to spend your money.  This expenditure design is called a budget. Producing this expenditure plan permits you to decide in advance whether you will have enough money to do the things you need to do or would like to do. If you don’t have enough money to do everything you would like to do, then you can use a definite formation process to prioritize your spending and focus your money on the things that are most important to you.

Since budgeting allows you to create an expenditure plan for your money, it guarantees that you will always have sufficient money for the things you need and the things that are important to you.

Whether or not you use a budget worksheet, you most certainly need some kind of technique to determine where your money is going each month. The trick is to figure out a way to track your finances that works for you. This step-by-step guide can help you create and develop a realistic savings plan.

Phase 1: Note your Net Earnings

The first and foremost stage in generating a budget is to categorize the quantity of money you have coming in. Keep in mind, though, that it’s easy to miscalculate what you can afford if you think of your total income as what you have to spend. Remember to subtract the deductions for taxes.  Your final take-home salary is called net income and that is the figure you should use when creating a budget.

Phase 2: Track your Expenses

It’s imperative to keep track of and classify your expenditure so you know where you can make adjustments. Performing this task will definitely help you to detect what you are spending the most money on and where it might be easiest to cut back. Initiate this by listing all of your fixed costs. These are fixed monthly bills such as rent or mortgage, utilities or car payments. It’s improbable you’ll be able to cut back on these but knowing how much of your “once-a-month” income they take up can be useful.

Next is to list your entire variable expenses—those that may change from month to month such as groceries, gas and entertainment. This is a zone where you might find chances to cut back. Credit card and bank statements are a good place to start since they habitually enumerate or categorize your monthly expenditures.

Phase 3: Set your Objectives

Before you start selecting through the information you’ve trailed, make a list of all the financial goals you want to achieve in the short and long term. Short-term goals should take no longer than a year to achieve. Long-term goals may take years to reach.

Short-term (1–3 years)

  • Emergency trust
  • Trip
  • Down payment for a vehicle

Long-term (4+ years)

  • Retirement
  • Your child’s schooling
  • Down payment on a home or a remodeling project

Phase 4: Create a Strategy/Plan

Use the variable and fixed expenditures you assembled to help you get a sense of what you’ll spend in the coming months. With your fixed expenses, you can foresee accurately how much you’ll need to budget for. Use your previous spending habits as a guide when trying to forecast your variable expenses. You might choose to break down your expenditures even further between things you need to have and things you want to have.

Phase 5: Regulate your habits if needed

Once you’ve completed all of this, you have what you need to initiate your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals.

Phase 6: Keep Checking In

It’s important that you analyze your budget on a regular basis to be sure you are staying on track. Few essentials of your budget are set in stone. You may get a promotion, your expenditures may increase, or you may have reached your goal and want to plan for a new one.  There are so many variables that require flexibility and focus.

Conclusion

Before starting a budget process, planning must be done which clearly defines your objectives and goals.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services 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 and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.