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Get You a Raise - Complete Controller

There may come a time in life for the financially responsible adult to increase your income. You may need more income to make a large purchase, save for emergencies or retirement, or due to unforeseen financial hardships, making it challenging to make ends meet. Whatever the reason, you may be contemplating asking for a raise to increase your income. For some, asking for a raise is easy, and it is difficult for others to do it for others. Here are five tips to get you a raise and increase your income. Check out America's Best Bookkeepers

Protocol Awareness

The first thing you need to be aware of is the company protocol on asking for a raise. Some companies may not have a specific protocol, while others may have salary increase procedures to follow if you are looking for a raise. In the past, employees would set a meeting with the boss, ask for a raise, and lay out the reasons for a simple verbal presentation. In today’s corporate world, some offices have channels that are gone through to gain approval and increase income. Make sure you are aware of the protocol before you approach anyone about a raise.

Timing is Everything

Figuring out the right time to ask is similar to protocol awareness. In some companies, they only consider increases in salary during yearly evaluations. They consider it for all employees and will award increases according to job performance and employee evaluation. You may not have to wait for a specific time of year at other companies and can set the time to when it makes the most sense to you. If you can choose when to ask for a raise, make sure you set the appointment with the decision-maker when it is right for them and with plenty of notice. This attention to the timing can make a difference between getting the raise or having it rejected. Check out America's Best Bookkeepers

Be Realistic

While you should be aware of your worth and how that translates into being paid what you are worth, you also have to consider that asking for a raise is a business transaction. Suppose you ask for too much of an increase in your income that either the company can’t afford or is out of proportion to your progression, instead of negotiating. In that case, they may reject it altogether. At the same time, it is not unrealistic to ask for a little more than you want to give some negotiation space.

Be Prepared

Asking for a raise in some smaller businesses may be as simple as walking up to your boss and asking, requiring no preparation. However, in most companies, when asking for a salary increase, you have to be prepared to make a presentation as to why you deserve the raise. You should be able to show your value, what you bring to the table, and why this value deserves an increase in your income. If you are a hard worker, often the decision-maker knows your value. However, in some cases, your hard work is taken for granted, so if you are prepared with well thought out arguments of why you should get what you are asking for, your chances of securing a raise are increased. Check out America's Best Bookkeepers

Amount

Some may argue that you should ask for the exact amount you would like to make when asking for a salary increase. In some cases, this direct and specific approach will be successful. However, it is suggested that you give the decision maker a range of amounts. Some may believe this means the company would probably offer the lowest amount of salary in your provided range. First, if you make the lower end, what you are willing to take, or if it is an amount you were hoping for, you will increase your chances of getting the raise you want. Second, you could get more than you wanted if you give them this range of choices. Another strategy is to ask for a percentage or range of percentages of your current income increase.

Conclusion

Asking for a raise can be challenging unless it is built into your company’s performance reviews done yearly. Even though asking for a raise might make you nervous, the truth is, 100% of employees that don’t ask for a raise don’t get one. However, studies show that 70% of those employees ask for a raise get one if a person uses these tips.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Online Business - Complete Controller

There are many ways to earn online. Running an online business may just make you rich, provided you work hard and invest your time in it. Some of the most common ways to earn online are mentioned below.

Paid Surveys

One of the quickest ways to earn easy money online is through paid surveys. There are many companies that conduct market studies and will pay consumers for their opinions on their products.

This research, done through paid internet surveys, is of extreme value to the company conducting it. Because of this, they are willing to adequately compensate the participant for their time. Do a little research of your own and seek out these opportunities when available. Check out America's Best Bookkeepers

Freelance Writing

Another popular way to make money online is independent writing. There are quite a few places online where you can offer your writing services. There are even some websites where you are paid to write exclusive content. This option is great because you do not need to invest money or have your own website. In most cases, you even get paid the same day you deliver the project!

 

YouTube

YouTube is the most popular website to view videos on.  If you have adequate equipment to shoot videos at home, you have a chance to start a business or develop an existing one. Simply film videos on subjects you are knowledgeable about and upload them to the site. If your content generates an ample amount of traffic, YouTube will use your videos to promote ads, giving you a cut of the profit. There are plenty of tutorials to assist you in establishing your page and developing content. Check those out and start earning money as a YouTuber.   Check out America's Best Bookkeepers

 

Photography

If you like photography and take interesting pictures, there are many sites where you can upload your images and get paid each time someone downloads them. The great thing about this is that your photo can be sold many times, again and again. Uploading an adequate number of photos is a good way to earn supplementary income.

 

Reselling

Most of us have so many items that we do not need or use, taking up space in our homes and garages. Consider listing these items in the free market. You will be surprised at the money you earn! You can also sell new products. Buy these products wholesale (that way you can get a good discount) and earn profits on your sales.   Check out America's Best Bookkeepers

Advertising

There are many ways to earn money with advertising, for example, AdSense advertising. You can attach this program to your website or YouTube videos. You will receive a percentage of money each time someone clicks on the ads. Watch some tutorials to learn how to create a Google Adsense account and post ads on your blog.

 

Ads clicking

There are many free sites where you are paid to navigate and click on the ads. However, proceed with caution and make sure that you are not registering in places that are dedicated to swindling people. Be careful and make sure to sign up for only known and trusted sites. This is a way to earn a few extra dollars here and there, so do not expect to be able to supplement your income with this method.

 

Domain Purchase

Buying domains and reselling them is a lucrative business. Web sites or blogs are built, used for an amount of time, and then put up for sale. Domains are considered real estate on the internet because they work in the same way as when you buy a property. Similar to buying a house at a discounted price through an auction and then flipping it, you can purchase a domain and sell it after a period of time. Consider learning more about how to earn money with the purchase and sale of domains. Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Raise Money - Complete Controller

There can be numerous reasons why one would want to raise money. You may be trying to raise money for a cause you care deeply about, or perhaps are part of a nonprofit organization looking for ways for your supporters to raise money, or you may even be confronted with a sudden onslaught of medical costs.

Whatever your motive may be, check out our tips for raising money in a tight economy. Check out America's Best Bookkeepers

  1. Set a Goal

Take care to establish a realistic goal. Having an objective to aim for is always beneficial. With clear goals and hard work, you will often end up being more successful than you originally thought, so always aim high.

  1. Organize an event

Establishing close ties with your community is essential to creating awareness of your brand or cause. Events are the perfect opportunity to reunite your neighbors, friends, and family. For example, organize a barbecue, a lunch, a concert, a quiz, or a movie night. Be sure that access to the event is affordable (avoid expensive entrance or registration fees). Take good care of your guests; make sure that they enjoy themselves, and look forward to any future events you may host. Encourage all involved in your organization to invite friends, family, acquaintances, and colleagues. Share your event through email or social media. Allow interested parties to order tickets online directly to attend your event. Source local traders or even big companies to sponsor the event in exchange for visibility. Check out America's Best Bookkeepers

  1. Collect donations as part of a donation campaign

Do you have a specific project for which you are looking for additional resources? Do you, perhaps, want to buy new equipment for a club? Or maybe your association wants to raise money for a good cause? Consider creating a donation campaign. Be grateful for small donations, but do not hesitate to ask for more donations from those who have more resources. For some projects, it is possible to obtain a tax credit through your organization. Use online platforms like Facebook and Twitter to spread awareness of your project and receive online donations.

  1. Take out a loan at the bank

You may consider contacting your bank for loans to fund your projects, such as the construction of premises or the development (or redevelopment) of the grounds of your business. The bank will require proof of stable repayment capacity. Keep in mind, a considerable number of applications are rejected. However, the bank may grant a loan to large non-profit organizations that have a stable past income.

  1. Raise money by making a flea market

Starting a neighborhood flea market is another good idea to raise money quickly. You can sell your old clothes, some of your household items, and even organize a small food stand. Check out America's Best Bookkeepers

  1. Raise money with a charity dinner

If you have a specific project for which you need a large amount of capital but only wish to involve those closest to your cause, consider organizing a charity dinner among your friends and family. This could be a dinner in which you cook, and they make donations. This could also be a fun way to explain your cause to those closest to you.

  1. Raise money with a crowd-funding campaign

Finally, we also recommend the idea of ​​raising money through a crowd-funding campaign. This strategy allows individuals to find “partners” for their business or project. The campaign is established and spread online, and all you must do is outline a budget and timeline that will be used to establish when investors will receive their funding back. Additionally, you can specify different levels of donations that correspond with incentives and prizes. Crowd-funding is an easy and quick way to fund your project without much hassle.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Investment ideas - Complete Controller

Imagine an individual has saved a good sum of money and now is interested in using it wisely. The best way to do so is to invest in the right place. The successful investment could double or even triple in no time. However, there is no hard and fast rule to promise that a person will get that kind of return, but how will a person know when it is not the time to take the risk? Here are some best investment ideas for the coming year. Check out America's Best Bookkeepers

  1. Buy Stocks:

Shareholders in a company generally get a good return on their investment when the business is flourishing. Investing in such companies is an investment option. Many people may not consider it a good idea in that when the company incurs a loss, the investor may also experience a disadvantage as well. In this scenario, it is suggested not to invest all of one’s savings in stocks. Invest only some of the savings that way. If the company faces a mishap, an individual will not be greatly affected. Even when an individual is receiving ample returns, do not invest everything because no one knows when the downfall of the company will come.

  1. A Side Business:

A side business could be a better option for those who have time. There are Multi-Level Marketing (MLM) business opportunities, cottage industry establishment, rent-a-car options, and many other ideas that anyone can pursue. Starting a personally owned business will provide a person with greater revenue. Do it on a small scale and if it is beneficial, pursue it full-time. Check out America's Best Bookkeepers

  1. Real-Estate:

Investing in real estate is a great way to increase one’s overall capital. It is also the safest way of investing, but the problem is that not everyone can avail of the benefit. A person is required to have lots of money to initially invest in real estate, but once invested, the money will generally only increase. Today, there are options where a person can become a part of a big commercial project. This way, an individual does not need to own the property outright.  By paying a little portion of it, a person can become a co-owner and receive returns on an annual basis. This also alleviates any worry about the property taxes and the maintenance of the property. The original buyer will be responsible for maintenance, and the investor only needs to enjoy his share.

  1. Peer-to-Peer Lending:

Various websites allow an individual to lend money to others and get that money back with interest. The benefit of this kind of investment is that a person does not need a large fund to start with. A person will act as the bank in this case. The share anyone gets from the websites starts at 6% and more, which can be a significant return.

  1. Gold:

When there is the option, buy gold. Gold bars and coins are better than jewelry, but that person will be able to save money with gold in any form. The value of gold usually does not decrease, and even when it does, it tends to increase quickly. An individual will rarely experience a loss in gold investment. If not today, it will provide a person with greater benefit tomorrow. Check out America's Best Bookkeepers

  1. Treasury Bonds:

Treasury bonds are a safe form of investment because they are government-issued and are available in different amounts.

  1. Forex:

Although people consider it quite risky, Forex (Foreign Exchange Market) is not when a person is investing correctly. An individual does not need lots of money to invest. People are earning considerable returns when they learn about this market. Do the research and consider investing in Forex for good.

Final Verdict:

All forms of investments are risky. The money present in a person’s hand belongs to that person, and it is not growing. Investing provides opportunities to gain more capital, and an individual can select any of these options to invest in the coming year. Having one source of income is also risky, so make sure to consider diversifying to increase potential returns.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Cash Flow Strong - Complete Controller

One crucial concept for entrepreneurs to understand is that it becomes difficult for a business to survive in the market when its’ expenditures surpass its’ income. All businesses, particularly start-ups, must keep a sharp eye on cash flows in order to avoid serious business collapse. When it comes to a business, income is the number one priority.

An important element of cash flow is that it provides vital indicators of a business’ current financial health. As important as it is for business owners to know about and manage different sources of income, they must also have an awareness of cash inflow so that they may allocate their time and energy accordingly. It is the responsibility of entrepreneurs to know the exact figures of cash flow as these alerts them of where and when to spend. Check out America's Best Bookkeepers

What Entrepreneurs must do?

Entrepreneurs must keep business owners updated with accurate daily cash flow to plan for a better spending process. On the other hand, those owners who are not aware of cash flow predictions put themselves at risk of failing in the market.

From the start, every business must follow and evaluate their cash and how much must be paid to employees, vendors, and others. Additionally, they must be aware of the amount they are getting as profit from their customers. If this is not done, the business could be at risk of failure. Not knowing the inflow and outflow of the cash in a business can create serious trouble. Check out America's Best Bookkeepers

How to manage the cash flow?

The following points illustrate how a business owner can easily manage cash flow in their company and have an accurate representation of its financial health.

Make a budget

Understanding the inflow and outflow of cash is important to develop a better plan for spending. Timing is the key to creating a budget that details when to buy tools, supplies, and raw materials and how much sales are coming weekly, daily or monthly. The budget should include everything from salary payments and daily expenses; every penny spent should be added to the budget. This budget must also include the peak times of the cash inflows and outflows.

Track your Budget

Keeping track of your budget should not be a timely process, but it is crucial that every business owner make a frequent analysis of the plan to ensure higher cash inflow. An accurate overview of cash flow must be taken regularly to pinpoint issues and trace them to their source. If the budget shows a decrease in expected values, it is important to find its reason. However, if the outflow shows an influx of more than expected, sourcing this reason is also crucial.

After the causes of any discrepancies are determined, the owner can make alterations and corrections to business planning and/or the budget. Check out America's Best Bookkeepers

Include a Plan B as Backup

Having a solid Plan B is a wise precaution for any business. This Plan B not only benefits the business in the long-term, but it also offers support for the company by bringing awareness to which measures must be taken if certain troubles arise.

No matter how much time is spent on creating a budget, every business must be prepared for sudden causalities. These losses may cause havoc among members if the company is not well prepared. Having a backup plan saves time that would be spent in chaos and allows it to contribute to dealing with the trouble.

The Plan B must cover the cash inflow in order to keep the system running when all sources fail and should hold the business stable until operations return to normal.

Provide Bills faster

Making the billing process faster and more accurate can improve circulating cash quickly. A great technique for faster cash inflow is to give discounts to customers who pay bills within 10 days. Delaying the billing process for more than 30 days places much stress on the business, as it may be in urgent need of cash. Such conditions can create financial instability in a company.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
side hustle - Complete Controller

Many people are ditching the 9 to 5 job and looking to go into business for themselves. Others are only looking to supplement their income. Whether going into business for yourself is full-time or part-time, owning and operating your own business can be satisfying. Here are ten businesses you can do full-time or part-time. Check out America's Best Bookkeepers

Insurance Agent

While you will have to get an insurance license, you can make good money full-time or part-time. Insurance agents help clients figure out what type of insurance they need. As an agent, you make your money via commissions. It is a great part-time supplemental income, but many agents end up going full-time as they achieve more success.

Handmade Crafts

If you are creative and love to make handcrafts, you can earn a great part-time or full-time income making and selling handmade crafts. You can sell them online on sites such as Etsy or eBay. You can also attend craft shows where you would pay a booth fee to be in the craft sale and sell your handmade goods directly to customers. Crafting is another business that can be grown into a full-time income.

Sales

Many people get into selling products or services part-time. You can do this by selling other company’s products or services, or you can buy and resale products. You can also develop your products and services to sell. There are multiple platforms where you can sell or resell items. Some of the platforms are free, and others will have a small fee to use the site to sell your items. Check out America's Best Bookkeepers

Photographer

Some people have photography as a hobby, but others have turned it into a full-time or part-time business. You can make an income photographing weddings or taking family photos. You can also earn an income selling your photos for people to use for their websites or company advertising. There are multiple ways you can turn photography into full-time or part-time work.

Trainer

If you have a lot of knowledge in certain business areas, entertainment, lifestyle, or other areas, you can develop training courses. You can also offer yourself to do one-on-one training to interact with the student or students in person. Becoming a trainer is another part-time side job that can become full-time if you gain many clients.

Financial Advisor

If someone has in-depth knowledge and insight into financial matters, becoming a financial advisor is a great idea. Financial advisors are high in demand, and they spend hours with each client helping them work out their finances and earn a lot of money in return. Offering services in financial planning and investment is a perfect part-time business.

Event Planning

Becoming an event planner is not for everyone. But for those who are creative, organized, and connected, becoming an event planner can be lucrative as both a full or part-time job. Most event planners get started by planning for friends or family then can build their base from there. Check out America's Best Bookkeepers

Freelance Writing

If someone is good at writing, they can consider becoming a freelance writer for a living. Some several magazines and newspapers offer opportunities for writing articles on a part-time basis. The payment is decided based on the quality and quantity of articles the writer can provide weekly or monthly. Freelance writers are also hired from online sources to add content.

Start a YouTube Channel

If someone is social and likes to take pictures or create videos, then becoming a vlogger is a great idea. Becoming a vlogger is the best idea for people who have the confidence to face the camera. One can create videos, upload them on YouTube and start earning money. There are many platforms on which vloggers make a lot of money just by creating interesting and engaging videos.

Start a Blogsite

Having a blog is another part-time or full-time business idea. By creating a blog, you will have the opportunity to express yourself. You can also turn your blogsite into profit through ad collaboration. You can also sell a product or service for other companies through your site and receive a commission. Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Tax Obligations - Complete Controller

When beginning our professional careers, we may be struck by doubt about which taxes and how many we must pay. Read on to learn more. When jumping into your new job or professional career, it is important to understand your fiscal responsibilities. You should be aware of two aspects: which taxes you should pay and the type of tax receipts (CFDI) you should use.

If you are a salaried employee, receiving less than $47,476 annually, you don’t have to worry; it is your company’s obligation to present all your information to the Treasury. Your employer should provide an annual record that you must keep along with your payroll receipts. Check out America's Best Bookkeepers

If, on the other hand, you make more than the exemption requirement, have more than one source of income, or worked for more than one company in the year, you are required to produce your own statement.

All persons making their declaration can make personal deductions for medical expenses, tuition, school transportation, funeral expenses, donations, mortgage loan interests, and complementary contributions to charity. If you are a salaried employee and have personal deductions, inform your employer in writing that you will make your annual return.

In addition to personal expenses, it is possible for people who charge for fees (freelance) to deduct any expenses that directly impact your ability to receive income. The obligations of freelancers consist of billing for their services, maintaining accounts, making a monthly statement, and paying in alternative ways any expenses over $100.

It is important to know that there are some movements that must be declared appropriately, as well. The most common are prizes, loans, and interfamilial donations that exceed $15,000 a year, as well as inheritances. Failure to comply with this obligation may result in fees or a potential audit. Therefore, it is vital to inform your employer of your annual return if you are a salaried employee. Check out America's Best Bookkeepers

What should you do?

The first step should be gathering all relevant documents, such as W-2s and mortgage statements. Next, decide between a standard deduction or an itemized one. If you grossed more than $12,400 that year, it is in your best interest to choose an itemized deduction. Finally, you must choose your filing status, such as single or joint.

It is important to note that whether you are a salaried employee or a freelancer, you can deduct from taxes the expenses you make on doctors, dentists, medical insurance, tuition, etc. Keep in mind, you can deduct up to 15% of your income or five minimum wages per year.

If you are a freelancer, consider signing up with an Authorized Certification Provider (PAC) to issue your electronic invoices or fee receipts. To deduct these invoices, you must provide proof of payment for services with a card or transfers (not cash), and you must add this to your annual declaration. Check out America's Best Bookkeepers

Things 1099 employees should know

We are in the era of 1099 workers. Whether you go to the office or spend most of your time working from home, being a private contractor can offer freedom from traditional employment.

Did you know:

  1. You are responsible for paying quarterly income taxes
  2. You must estimate how much you need to pay every month
  3. You are responsible for your self-employment tax
  4. You must develop a bulletproof savings plan

 

When you begin tracking your income, you will gain a better understanding of the amount you owe in taxes. You can then use tax software from services such as QuickBooks and estimate your quarterly tax payments. Remember, if the process becomes too overwhelming, you can always hire a tax pro to do the job for you.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Setting Financial Goals - Complete Controller

In the current economy, it has become necessary to have multiple streams of income. Many people are finding that freelancing is the perfect way to increase their income through side gigs. In some cases, freelancing income becomes enough for them to quit their job and become a full-time freelancer. Freelancing can be a rewarding business, but it can also be a financial roller coaster. Here are finance tips every freelancer should know to set goals and ensure their income is steady and reliable. Check out America's Best Bookkeepers

What is the actual pay per working hour?

If freelancing is not just a hobby, but the main activity, the income from which makes up most of the monthly budget, then it’s worth finding out the true cost of the work hour. The evaluation of one’s work in a production unit does not give a proper idea of ​​the cost of an hour. 
To do this, keep timing for at least one week. Determine how many hours a person has worked, including communication with the customer, thinking about the concept, approval, and correction of the order. Do not count only on entertainment surfing the Internet, communicating with friends on ICQ, and other pleasant distractions.

How much can they earn in a month?

From the same timing, a person can conclude the maximum amount a person can earn a month under the current conditions. Financial goals should be assessable and specific. “A lot of cash someday” is an extremely bad goal. Even if a goal is now unrealistic, putting it in front of a person. They will know why they are working so hard and appreciate their working time and themselves as specialists even more. Check out America's Best Bookkeepers

Increase your financial literacy

The knowledge of new machines-phone models of clothes will not enrich an individual, unlike financial knowledge. If a person makes a good habit of spending a little time, for example, studying the ways of investing and applying the knowledge a person has acquired, they will become richer. Increasing equity, increasing the share of passive income will quickly come to the goal rather than just working. Invest the accumulated money. Their savings should not lie in a three-liter jar in the darkest corner of the kitchen. Develop a suitable program for saving and increasing their savings and follow it.

Use the Internet to the maximum

Use the financial opportunities that the Internet offers. Evaluate the advantages of Internet banking. The received fee can be spent on payment of utilities and put on deposit and even buy a few shares of blue chips. Look for ways to save money using the Internet: by making an order in an online store, they will save money and time.  It is crucial that you have an online presence and use the internet for growth, marketing, and sales. Check out America's Best Bookkeepers

Thinking about pension

No matter how comical this sounds, it is better to think about what it takes only 10-20 years to ensure future prosperity than to complain that the state does not like its retired people that way. Learn the history of American or European pensioners: how much they receive from the state, and how much – thanks to their “investments in the future.”

Develop

If a person feels that they do not have time, they do not have enough hands, no time for sleep, and think about how to fix this situation. Take an assistant if part of their work can be delegated. Reversing of pricing policy. Look for an outlet to work was comfortable. Always be aware of average rates. Promptly increase the prices with inflation. Do not allow dumping. Do not try to take quantity. Grow as a professional.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Personal Loan - Complete Controller

Personal loans are among financial tools that are easy to understand with various terms that are simple to grasp.  Personal loans are helpful for emergency financial needs or to take care of large expenses like weddings, home renovation, vacations, car repairing, etc. When an individual wants a personal loan, the financial institute lends them the money for a fixed amount of time with a fixed interest rate within an unsecured form without any required asset. This means that the person will have to pay the exact interest every month and pay the complete loan until the fixed period. This also means that the borrower will face less uncertainty than with a credit card loan. Personal loan providers track all the details related to the loan, for example, how much an individual has paid every month, how much money is left to be paid, and when the whole amount should be paid. Check out America's Best Bookkeepers

Benefits of Personal Loan

Personal loans have various benefits. As mentioned above, they are helpful in a financial crisis or in urgent need of money. They are also helpful in setting up a new business, but make note that businesses must have profit and loss strategies along with them. People can also build their credit portfolio by applying for a personal loan. They are a great way to expand the credit card portfolio with a good impression.

Risks of a Personal Loan

Although personal loans have their own benefits, they are not perfect; they have their own risks and disadvantages. Personal loans are more commonly known as unsecured loans. This means financial institutions do not require any kind of asset to extend the loan, but they do have their own fixed interest rates, which are probably higher than other interest rates. Most of the time, the risks are based on how responsible a person is with their credit and how much interest rate they will pay each month. Check out America's Best Bookkeepers

Applying for a Personal Loan

Applying for a personal loan is an easy and simple process, but having a loan application approved is a different matter. According to some of the rules and regulations of financial institutions, an individual will have to submit documents regarding the loan to be reviewed and a decision made. Fortunately, they will not have to mortgage their property or any asset. Documents that need to be provided for a personal loan application typically include salary slips, electricity bills, credit card history, proof of the job or income, etc.

Eligibility Criteria for a Personal Loan Check out America's Best Bookkeepers

The eligibility criteria for a personal loan are also simple. Still, they can be a bit strict because financial institutions are concerned about the loan’s timely repayment with the proper interest rate. If not paid on time, the banks can increase the interest rate. Financial institutions pay close attention to the documents provided by an individual to make sure that they can pay the amount back on time with the fixed interest rate. Different financial institutions have different rules, which also include the minimum income of an individual who is applying for the loan. If an individual does not meet the criteria, they may not be able to be extended the loan. These types of rules and regulations exist because banks need to secure themselves so they can lend to other reliable customers. Some financial institutions also provide different packages to a prospective borrower whose credit history is reliable. Having good credit also may allow for better interest rates from banks.

If the financial institution is satisfied with all the documents provided by an individual, they may look for more ways to make them a profitable customer and give them various benefits, like a checking account.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Private Business Investing - Complete Controller

Investing in private businesses is not simple. It can be dangerous as it involves uncertain and lasting investments. Therefore, individuals must complete a great deal of work forthright in order to expand their chances of achievement. The money that one can save in the long-term will be influenced by inflation. Inflation is the rising cost of products, potentially making the profits that one may earn insignificant. The interest made through a savings account is typically protected from inflation. Individuals must take care to place their profits from investments in an account where their money keeps its value or, better yet, matures. Check out America's Best Bookkeepers

Consider the following tips before making any investment decisions.  

  1. Evaluate current financial condition

You should always think clearly and thoughtfully before making any investing decisions. You must have an accurate awareness of your current financial condition, such as how much you earn now and how much cash you can spare to invest so that your everyday expenses are not affected. In short, how much money can you easily set aside for investment? By evaluating your current financial condition, you will get an inkling about your current situation and where you wish to be financially in the future.

  1. Have an objective

In order to become a profitable investor, you must have a definite financial objective that you wish to attain. By thinking this way, you will be able to evaluate the best investment plan to attain the objective with minimum risk. This can be determined either by your own research or with the assistance of an independent financial consultant. There is no assurance that you will certainly attain wealth through your investments, but if you have a healthy savings and basic investment plan, you can then expand on your investment with less risk. Check out America's Best Bookkeepers

  1. Balance the portfolio

It would be best if you took care not to invest all your money in investments that are dependent upon similar market conditions. Obtain a combination of investments whose market conditions vary. You can limit the danger of loss by balancing your portfolio. Generally, bonds, stocks, and money are affected individually by similar market conditions. However, some elements may contribute to the decline of one or the other. Ensure that you are investing in a balanced way.

  1. Have an emergency investment

Never invest all your money in long-term investments that are not retrievable without penance over a significant period. In case of emergency, you will want money immediately.  This can be any type of emergency, either negative or positive. Negative emergencies may be of a medical nature, such as illness or accident. Positive emergencies may come in the form of investment schemes that only benefit on an immediate basis. Take care to always be ready to face any sort of emergency.

  1. Know how to recognize scam

If it feels that it is too good to be true, then it definitely is. New investment schemes and ideas are being introduced consistently. If an investment offers an exceptional return rate in a short amount of time by conventional means, then it is most likely a scam. Check out America's Best Bookkeepers

  1. Understand the investment

The details of investments or portfolios may often deceive potential investors. Do not disregard the details, as they are legally binding. Some investors choose to make investments based on proposals by friends. You should ensure that you comprehend the investment project so that your friend will not be responsible for refunding the investment if you lose.  Additionally, make certain that you always seek out wise financial suggestions.

  1. Pay off credit card debt

No one can be successful in any investment unless they first pay off their credit card debts. If you owe cash on a high-interest credit card, your first priority should be to pay that off as soon as possible. This will prevent you from gathering more interest on your borrowed amount so that you may be able to invest that money and earn a profit. Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers