Business & Finance | Boricua.com

Does Your Business Need an Outside Accountant?

October 4, 2022October 4, 2022 boricua01

Who Needs an Accountant It all depends. If you require an audited or reviewed financial statement, then, yes, you need a CPA. In any event, it is always a good idea to maintain a relationship with an accountant no matter how small your business. Whether your accountant is a CPA is up to you. The real question is: To what extent do you need outside accounting services? That also depends on you and the nature of your business. I always start with the admonition: The Buck Stops With You! You…

Why Every Company Must Have a Finance Department

September 23, 2022 boricua01

A well-managed finance department is critical to the overall success of a company. Finance professionals help identify opportunities, improve processes, generate reports, implement new programs and control spending. In other words, they’re responsible for helping the entire gambling360 business function smoothly. If your company lacks a dedicated finance department, consider why and take steps to remedy the situation. To ensure effective planning and budgeting Planning and budgets are essential in any organization that wants to be successful. A good finance team will help you plan the future of your business…

Changing Your Spending Habits

September 22, 2022September 21, 2022 boricua01

It is every one dream being a millionaire and retiring with a healthy bank account, but how many people can actually achieve it? So few. This is largely due to lack of discipline in building up their retirement fund and poor spending habits. While building a retirement fund requires time, you can accelerate the process by making incremental but positive changes in your spending habits. Here are seven ways that you can change your daily lifestyle for more positive results in your spending habits: Have you ever noticed how much…

How to Make a Great Business Idea a Reality

September 21, 2022October 7, 2024 Johnnie Puerto Rico

Creating a business is a great way to turn your idea into a wealth-building opportunity. In this way, your business allows you to take control of your future. To make your business idea into a reality, you need to write a plan, secure financing, and research the market. Write a Plan Writing a plan is essential to making your business idea a reality because it acts like a blueprint for your business. This is the first step to knowing if your business will be successful. Your plan can help you…

Expectations For Trading or Investing Returns

August 27, 2022September 5, 2022 boricua01

Trading for Profit Clearly, anyone who trades does so with the expectation of making profits. We take risks to gain rewards. The question each trader must answer, however, is what kind of return he or she expects to make? This is a very important consideration, as it speaks directly to what kind of trading will take place, what market or markets are best suited to the purpose, and the kinds of risks required. Let s start with a very simple example. Suppose a trader would like to make 10% per…

Getting Started With Online Investing

August 25, 2022September 4, 2024 boricua01

Types of Online Investing Accounts As with everything else these days, the stock market has gone online. If you can shop, pay bills, and do your banking online, why not invest too? Investing online is not as big of an ordeal as some people make it out to be. The key is to know what you want before you start. When choosing investment options in Australia, it’s essential to assess your risk tolerance and financial goals to select the most suitable assets, whether they be stocks, bonds, or mutual funds,…

Examining Online Stock Investing

August 23, 2022August 27, 2022 boricua01

Stock Market Beginnings The stock market can be traced back to the late 1700s, in the infancy of the United States. Beginning in Philadelphia, the first American stock exchanged was founded in order to bolster commerce in this new world. Before long the New York Stock Exchange was born which soon gave rise to the New York Stock and Exchange Board which led the now frenetic pace that exists today on Wall Street. In buying a stock, an investor becomes a shareholder – or part owner – in a company.…

How To Turn Your Side Hustle Into A Massive Tax Deduction

August 10, 2022November 16, 2024 Ramon Ortega

If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found an unexpected surprise when you filed your taxes. If you did not prepare carefully, you probably ended up with a big tax bill for your troubles, possibly with penalties and interest added on. Given the unpleasant surprises of the past, you may be resigned to a life of higher taxes, all courtesy of the very side hustle you thought would help you gain financial freedom. But before you…

If You Owe Back Taxes, Follow These Steps To Protect Yourself And Your Finances

July 21, 2022November 16, 2024 Ramon Ortega

Few things are as frightening as opening the mailbox and finding a notice from the IRS, especially when you know you have a tax liability. The much-feared tax agency does not contact taxpayers just to say hello and receiving communication from them is normally no good news. When your heart stops pounding and you get the courage to open the letter, you get another shock – in the form of a large amount of taxes due, one you cannot possibly afford to pay. So, what do you do, and how…

Category: Business & Finance