Benefits of Hiring Dental Accountants

Hiring a professional medical accountant for your firm has more to it than just getting someone to fill your book of accounts. They not only help you in presenting the financial records, but also assist in decision-making and planning by analysing various data. In this article, we have mentioned a few benefits that come when you hire a dental accountant for your medical business. Nine benefits of hiring dental accountant Helps in decision-making and planning Dental accountants supply suitable cost data and other related information for managerial decisions making such…

3 Great Things to Outsource As a Business Owner

As your business grows, you'll want to improve your results by outsourcing the more menial tasks of the business. To do this, you might need to invest a bit of extra time initially to find the best companies to use, but once everyone is set up and properly trained, you'll be able to make a tremendous profit using outsourced labor to take away the hassles of the job. Outsource Writing and Design Businesses often need written or well designed materials. Even if you usually spend the time to write it…

What Are Common Risks Many Businesses Face and How Are They Eliminated?

Starting a business is risky and must be managed! I started my consulting practice in 2003. At the time, I decided to join the local chamber of commerce. At one of the workshops, I was asked by one of the coordinators if I had an exit strategy or backup plan. My response, absolutely not! Why did I say that? Because I had just been laid off for the second time in my career; the thought of sending out resumes was unappealing; and psychologically I needed to be absolutely committed to…

Harmonization of Traditional and New Accounting Theory

The Introduction Accounting theory has gone through rapid changes and innovations in recent years. These changes have been categorized as new accounting theory. These innovations and new theories go against and differ from the traditional theory of accounting. There are gaps in the way that varying companies account for their finances. Harmonization of the two approaches will bring greater stability to commerce. Traditional Approaches According to Ahmed (2000) “Accounting history is the study of evolution in accounting thought, practices and institutions in response to changes in the environment and societal…

3 Easy Things to Outsource As Your Business Grows

As your business expands, you'll find yourself with too much on your plate. When your reach this point, your income actually begins to suffer because you're not able to focus on making money – instead you're playing around with numbers and licking stamps. For many small businesses or sole proprietors, the best solution to a growing business is to outsource. Outsource Payroll If you're looking at more than just a single employee, consider outsourcing your payroll. Paying someone a small amount to handle the details of tax withholding and cutting…

One Question Entrepreneurs Should Always Ask

Game of Thrones season 6 is over. It's gone so fast. And the last episode was amazing. (Soooooooooo amazing.) But it's now 10 months til the next season. And that's a long time to wait. Now listen: I really do LOVE the show. And I could easily lock myself in a dark room for the next 10 months, feeling eternally sorry for myself … But you know what? The fact it's over, I'm seeing it as a positive. Because I've decided to now crack on with some new fantasy books…

Why You Shouldn’t Rely On Motivation As An Entrepreneur

Do you know the one thing you should never rely on as an entrepreneur? Motivation. Why? Because your motivation changes faster than David Beckham's haircut. Think about it. Let's say you watch a “motivational” video … You're all pumped up … You're gonna be the next Bill Gates … You're invincible … No one's gonna stop you. And then … Two hours later … You're on the sofa with a large bowl of ice cream watching Jeremy Kyle. (Okay, you might not sink that low.) But you get the point.…

Accounting Development in Third World Countries

Most third world countries have nearly nonexistent accounting standards and lack the education to inaugurate a movement towards achieving their needs to at least sustain their positions towards global developments. Among these third world countries most of them have similar characteristics such as their low living standard for the vast majority of their populations, high levels of unemployment, and the governments tend to be more authoritarian opposed to a democratic approach. By the eighties it was well accepted that the Third World was no longer a single economic unit and…

Why Your Business Payroll Service Is Vital to the Company

There are fewer things more embarrassing for a business than failing to pay the bills. However, not paying employee wages becomes a threat to the business, destroying staff motivation and damaging the perception of the business. There's nothing quite like a celebrity ranting on-air to highlight how vital a business payroll service is. Chris Moyles launched an on-air attack at the BBC because he wasn't paid for two months. Intelligent business payroll service software can take the headache out of wages for you. It's more reliable than a person, because…

College Athletes Are Investments

Currently, 480,000 athletes compete in the National Collegiate Athletic Association (NCAA) at 1,281 institutions across the country (NCAA.org). Sports may seem like just a game, but universities, especially those with athletic scholarships, feel otherwise. Each athlete is handpicked by the sport's coach, given a spot on the roster, and in return, expected to contribute in winning games. College athletics is a tough business. There is little job security and coaches are mandated to win or face being replaced. As a college softball coach, I can relate to the book Winning…