May 10, 2016 by Jorge Watts

Careful Planning Makes Moving Easier

MovingThere is no easy way with moving be it for personal or professional reasons. As there’s not much going around in making it lighter, it becomes tolerable and less overwhelming if you have the best recommendations to make it efficient and much easier.

There is a lot of details involved, a lot of coordination and a checklist will be very handy. Having a guide and to-do list ease a lot of the work on what has been done versus what else had to be ticked off from the list.

Preparing Things

Generally, the steps will involve the preparation of all things that will be part of the move, packing and labeling them properly and the inventory management.

In preparation alone, there is so much to consider before the move. Informing your service providers like Abreu Bronx Movers, doing the mail forwarding, packing supplies purchase and so forth are just part of the initial steps. Most of the time will be consumed with packing and unpacking. Experts say, preparing well will do half the job. Many of the sprouting headaches come from poor preparation. Are you lacking enough boxes, did you run out of packaging tape, weren’t you able to count the furniture to be moved correctly? Planning will be very time consuming and detailed but will benefit you on the other end, once you started the move. It makes that process simpler and less stressful.

Way ahead of moving but part of careful planning is informing your service providers and utilities of a change in postal address. Further in advance, give them a call as certain utility companies will not be able to rush your request if the notice is done a day before the move. See if you can fill out a change of address form online and make the necessary request. Make the credit card handy should it be asked for the request verification. This card has to use your present address as the billing information so that a proper request will be validated.

moving boxes

Securing Boxes

Securing the boxes to be used can be looked for and bought in many packing supply stores. Boxes and packaging tapes can easily become a huge expense on your part. Avoid this additional cost by asking around first. If you have relatives or friends who are moving too ahead of your timeline, ask for their used boxes once they’re done.

You can also ask anyone in your office or a friend’s workplace if they can spare you their used boxes.

Should you really need to end up buying, the best source would have to be the furniture stores. Most retailers receive almost daily shipments. These retailers can provide you with enough used boxes in their warehouses. Furniture shops can provide quite a range of sizes to fit your things with. Give them a call in advance, weeks before is recommended, as it takes them days too to stock these used boxes for selling or disposal.

 

Used But Free
Do take note too that when you get the used but free boxes, they may not be in the best condition already.

If you will be buying moving kits from companies make sure you see the quality of the products first before finalizing your orders. A cheap packaging tape may be inferior in quality that it adds to your hassle when the packing process is underway. No one wants the packaging to give way while in the middle of the move. Items may break or get lost and that is an additional cost and heartache you wouldn’t want to deal with.

When buying supplies don’t forget to include a good quality box cutter. It is an inexpensive tool which you shouldn’t miss out on as it makes unpacking easier than using a pair of scissors or a regular knife.

March 14, 2016 by Jorge Watts

The Rise Of Bitcoin ATMs in Australia

Online transactionsAustralia is quickly becoming one of the core countries where bitcoin has gained massive popularity. There has been an upward trend of bitcoin usage in the Oceanian country for several years now and that doesn’t seem like it will stop any time soon. This is after several companies recently launched their bitcoin ATMs in Australia. These ATMs are expected to spur bitcoin trading in the country and consequently support the currency’s progress towards becoming a more accepted form of currency.

First Cashless Bitcoin ATMs Developed in Australia

Diamond Circle, a company hailed for having developed in the first cashless bitcoin ATM, was among the first firms to launch a bitcoin ATM in Queensland, Australia in 2014. Through these ATMs, users can buy and sell bitcoins using their credit or bank cards. Any proceeds from the transaction are then transferred directly to the user’s pre-registered bank account. However, when users wish to buy bitcoins online in Australia, they prefer to use the website buyabitcoin.com.au.

How Cashless Bitcoin ATMs Operate

ATMCashless bitcoin ATMs largely rely on the Near Field Communication (NFC) technology that enables two devices to communicate with each other using radio waves. To complete a transaction using these ATMs, users are required to possess a VISA or MasterCard branded ATM which they can then use to buy a Diamond Circle debit card. This debit card serves as an offline storage wallet.

Users are then given unique pin codes that helps to secure their wallets. Paper receipts are also provided and function as printed records of the transactions. Users also receive SMS notifications on their smartphones on any completed transaction including queries for bank balances.

More Bitcoin ATMs Launched in Various Cities in Australia

Sydney

Sydney Harbour

ABA Technology was the first company to set up a bitcoin ATM for a mall in Sydney in 2014. The ATM which is found in Central Plaza supports both withdrawals and deposits to individuals’ own wallets.

The main aim of setting this ATM was to bring bitcoin nearer to the masses especially at a time when a majority of the people are yet to familiarize themselves with this digital currency. According to ABA Technology, more bitcoin ATMs are expected to be rolled out not only in Australia but also in other parts of the world. The ultimate target is to set up about 500 ATMs by the end of this 2016 (find a bitcoin ATM here).

ABA Technology aims to develop easy-to-use, intuitive machines for their ATMs which anyone can easily operate even without having prior knowledge of the technology. With this, more people can be attracted to using this form of currency and as a result, help it gain even more acceptance.

Melbourne

Melbourne-AU

In mid-2014, ABA Technology launched another bitcoin ATM in Melbourne which in the process became the third city that the firm has set up its operations in Australia. That move followed the installation of other similar machines in Sydney and Brisbane during the previous months. The ATM in Melbourne can be accessed at the Emporium Retail Center which opened its doors to the public in April 2014.

Following this ATM launch, ABA Technology announced that its other ATM at Sydney had performed quite well and thus hoped the one in Melbourne would follow suit. These ATMs were expected to use an operation model similar to that of the Western Union only that these ones dealt with bitcoins. The kiosks installed by ABA are developed by Robocoin which is a Las Vegas-based money remittance firm.

How To Use Robocoin ATMs For Bitcoin Transfers

To begin with, users can store, access, and even send bitcoins to any Robocoin “branch” in a method similar to that of Western Union. The recipient of these bitcoins can then convert the cryptocurrency into cash instantly if they so desire. On the sender’s end, all is required is a smartphone, a secret PIN, as well as their palm scan.

With Robocoin ATMs, senders only need to send their bitcoins to a recipient’s phone number which means no addresses or QR codes are required to complete these transactions. The use of palm vein scan is one of the three levels of authentication work that helps to safeguard customers against fraud.

The best part about using Robocoin ATMs is that customers do not have to wait for long confirmation times to complete their bitcoin transactions.

Conclusion

Australia has been making great strides in the past few years in matter of bitcoin and its usage as a currency. The launch of bitcoin ATMs in Australia by various operators have helped to increase the acceptability of the digital currency as a valid form of currency in the country.

March 3, 2016 by Jorge Watts

Forecasting Realistic Travel Costs

budget-travel-piggy-bank

A travel budget may not be part of discussion on revenues but will definitely be part of costs allocation and defense. Profits and cash flows will figure into the money that’s left over after capital expenses. The travel budget will be part of the operating expenses.

Yearly budgets are divided into 12 months. Blank columns next to cost estimates will be filled up with actual cost results as the year progresses. Costs to be incurred in Perth airport transfers is an example of costs estimate.

Writing down the travel costs will be estimates at best. But it is important to be accurate still. Erring on the side of being conservative will be good in the long run. Keep close tab of past numbers and actual figures and do a percentage on top of it as increase in the cost component.

Research for Realistic Numbers

Do the necessary research too to get better deals. Research will be always be part of the business. Doing it for travel will not be an exception.

Do the total costs and expenses. Once you are done with the cost estimates you can come up with figures on how much it will cost your business to recover your costs. This is taken against the potential earning from the new market or business given the reason for doing the business trip.

It can be tricky as in most cases there will be variations due to inflation, price increases, and other factors. Fixed costs can be on insurance or hotel costs as a corporate account. As they are those expenses that remain the same fixed costs are easier to plug into your travel  expenses as they most likely remain the same over the period of time.

Drafting a Travel Budget

If you did write the previous year travel costs drafting a budget for the current need will be easier. Projections would form the basis of your estimates. Coupled with the actual expense figures realized it will a more than good estimate.

If you’re a startup business, start by estimating the basics mentioned.

If you are in the business for a while, taking your company’s most recent financial statements in using those as basis for targets. The reason you start with previous numbers is because this information will drive the rest of your estimates for business costs, travel expenses, and operating expenditures.

Taking into consideration those factors will affect your cost projections but worrying too much if it’s accurate will be too much. As the basic tenet of budgeting is that the figures will never turn out to be exactly right. A realistic approximation will be the next best thing.

In calculating operating expenses, a good place to start will still be the financial statements. Itemize the list of fixed and variable expenses incurred the previous year including allowances for travel, rent, postage, research, utilities, taxes, etc. If you’re just starting out, you’re going to have to brainstorm to make sure you anticipate and factor in all the costs you will incur most possibly.

December 10, 2015 by Jorge Watts

Essential Things To Look For In A Bookkeeper

 

bookkeeping

The right bookkeeping service or expert will depend on so many things like the type and size of your business. What worked for other business may not be that ideal for your business. This is why it is crucial to really understand your business and your financial situation so you can find the right service and the right person for the job.

Education

Bookkeeping service is a complicated task that requires education and training. When hiring a bookkeeper, it is important that the person has certain level of formal education in the field of business, accounting, or other related courses.

Through proper education, a bookkeeper must already have the basics in bookkeeping in terms of procedures, policies and ethics.

Experience

Some small business owners think that they do not need a well-experienced bookkeeper, yet, since they only run a small business. If you are running a small business, you are actually in greater need for a well-experienced and really reliable bookkeeper especially if you have limited bookkeeping skills.

You need the best service from a highly-experienced bookkeeper like the financial team of Controlligence to help you grow your small business. However, keep in mind that a long experience does not automatically means it is the best fit for your business. Someone with a long bookkeeping experience in the construction business may not be the best fit for your food business.

Online Access

In this digital era, being able to conduct transactions over the internet is already an essential part of businesses and that also includes bookkeeping services and solutions. For efficient bookkeeping, it is essential that your bookkeeping and accounting systems can allow you to do these processes online with the highest security as possible.

Your bookkeeper should also be updated with these latest systems and solutions, and know how to effectively use these technologies to provide the best bookkeeping services for your business.

Reports And Updates

The main reason why you have bookkeeping for your business is to better understand the financial situation of your business. It is not just about encoding numbers but most importantly, these numbers provide business owners essential information about the business.

With these numbers, you can also make predictions on where your business is going and predict possible problems.

This is why regular updates and reports through bookkeeping services are critical. Your bookkeeper should be able to provide you accurate and regular reports and updates so you can make decisions based on facts and data.

Tax Preparation

Tax is a key component of running a business. You need to plan tax payments for your business and must have a good tax planning so you can properly pay business taxes on time to avoid penalties, and to effectively address problems in case you encounter errors.

When looking for a bookkeeping service, make sure that your bookkeeping solution includes tax planning. Your bookkeeper should also be adept in terms of tax planning and preparation so you can pay your taxes properly and manage your finances wisely especially if your business is already growing.

September 22, 2015 by Jorge Watts

How to Start Your Own Assisted Living Business

Starting your own assisted living business is something that requires a great deal of commitment. You must truly want to help seniors in order to move forward with such a complicated and detailed business. An assisted living business may provide assistance in the form of ensuring a patient receives proper medications, the preparing of meals, assisting the seniors with exercise, and other tasks.

If you are ready to start your own assisted living business, then look over the following suggestions.

#1 – Obtain a License

regulation-documentsYou will likely need a specialized license in order to provide assisted living services. This often requires an orientation and possibly even classes and a certification. These classes or the orientation will provide you with details about how to ensure you are offering the best care possible. Some of the information that you will learn includes the number of seniors you are allowed to care for or house in your facility and details about how facility inspections work.

#2 – Create Your Business Structure

Decide whether you are going to operate your assisted living facility as an LLC, a corporation, or as a sole proprietor. When deciding on your business structure, create a detailed business plan. A major part of your business plan will be your operating costs. Determine all the costs involved, including costs for licensing, registration, renting a facility, medical equipment, hiring employees, and any other costs that you can think of.

#3 – Choose a Location

Next, you will choose a location for your facility. You may decide to build a new facility or convert an existing location. While obtaining your license, you will learn more about the requirements for the facility. The facility will need to able to pass the inspections handled by the state of Georgia.  Every area of the facility will be open to inspection, including the living quarters and offices. 

#4 – Hire Staff Members

It is highly unlikely that you will operate your assisted living facility on your own. You will need to hire staff members to care for the seniors living in your facility. They will most likely need to have specific licenses or certifications, depending on their job requirements. For example, you may need to hire qualified nurses to ensure the proper care of your residents. Check with local employment agencies to find qualified staff members.

#5 – Obtain Financing

To keep your facility open, you will need funding. When you attempt to obtain financing, try to have at least 6 months of operating expenses available. In fact, this may even be a requirement, before you can obtain a license to operate your assisted living facility.

Go over your business plan and make sure that all of your details concerning costs are accurate and show the potential profit of operating your business. Banks will determine how much of a risk is involved with your business plan, before agreeing to loan you the money.

If you decide to start your own assisted living Atlanta business, you will have a lot to consider. You, and your staff members, may need special licenses or certifications. You will also need to find a suitable location that meets all of the state requirements for senior care. A business plan and financing are also crucial to starting a new business.

Remember these suggestions, as you plan your assisted living business, and get ready to improve the quality of life of your senior residents.

June 22, 2015 by Jorge Watts

Start a Small Business in 6 Steps

business-loans1You want to start your own business? If the answer is “Yes”, then you need to be careful about what you wish for. From outside, everything might seem easy, but once you become the owner of a business, you will see that people don’t always reveal what really happens behind the closed doors of a business.

Here are the first important things that you need to do when you set your mind to open a small business.

Tip 1 – The Viability

First of all, you need to know if your idea of business is viable. Ask yourself some questions, like “How can I describe my future business? What is the market? Is there any demand? What would I bring different?” All the answers are important and it will help you create a clear picture of what you want to do. Researching the potential market is one of the first things you need to take care of, along with understanding what your future customers will want. Keep your eyes open for competitors and see if there are any opportunities near you or abroad. Search for the right niche and create a vision and a purpose.

Tip 2 – Finances

business-consulting2When you think about this, consider your finances. Think about how much money you have available for starting the business – if you already have some savings to use as a capital, if you’ll take a credit or a loan from a financial facility or you will look for investors that will be interested of your idea of business. The financial projections are extremely important because this will help you know exactly where you stand related to business opportunities. If you don’t have the right capital, you won’t be able to start your idea and make it happen. Plan and project everything related to costs – it will help you take better decisions.

Tip 3 – Careful Planning

As was said before, planning is one of the keys to success. When you project the costs, think also about planning everything that your business means. A good plan for your business will also attract investors, in case you need more capital. Apart from this, planning will help you have clear goals and expectations – you will know the exact steps that you need to take to see it running.

Tip 4 – Business Type

BIThere are different business types – also known as structures – and you need to consider what is right for you. For example, starting a business like a carpet cleaning in houston is not that complicated, but it can be overwhelming if you don’t know what steps to follow.  Each of these has its own particularities, with advantages and disadvantages, so you need to be careful when setting up the business.

Tip 5 – The Name

Now that you have set up the legal aspect – plan, finances and structure – you can choose a name for your business. This is important, as you must have an unique name, which nobody else can use it. For example, if your business provides search engine optimization, then you should come up with an unique brand that resembles your products like FreshBoost.

Check your name with the local authorities and see if it is available for usage. Once you do this, think about getting an online domain too – it will be easy to start them both at the same time – the brick and mortar store, the game stor and the online store.

Tip 6 – Records

Silhouettes of Two Businessman Shaking HandsRecords are important because they will show your financial evolution and it will help you better understand the growth of the business. A professional accountant can help you out, and it’s actually a necessity – even if you know what taxes you need to pay and where, the accountant will do all those things for you, along with other specific things for his or her activity.

If you ever need the right advice for your business, give us a call at RichmondSpokes!