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Write You - Outsourcing Your Bookkeeping
One Step Closer to Bankruptcy
I have written a couple articles so far about the downfall of GM and Ford, although I have mostly focused on GM. GM announced today that they are going to offer some 113,000 hourly employees a severance package in the six figure range to leave and waive their rights to their healthcare benefits.If I were in the position of some of these workers I would have a difficult decision to make. You have to weigh the fact that you would possibly get $140,000 to walk away from GM and the healthcare benefits you have worked years to secure against the
de these costs into their fees, then they don't know enough to be a help to your business. You should expect to pay at least three times what you would pay an experienced full charge bookkeeper.I have written a couple articles so far about the downfall of GM and Ford, although I have mostly focused on GM. GM announced today that they are going to offer some 113,000 hourly employees a severance package in the six figure range to leave and waive their rights to their healthcare benefits.If I were in the position of some of these workers I would have a difficult decision to make. You have to weigh the fact that you would possibly get $140,000 to walk away from GM and the healthcare benefits you have worked years to secure against the
And just ho
Crafting Your Elevator Pitch
You probably know what an “elevator pitch” does, but do you own one that describes your business, yet? If not, let’s create one, right now. It’s easy if you know how.Crafting an elevator pitch requires planning. Not only do you need to know your business, but also more importantly, you need to know your target market.Who Is Your Target Market and What Should You Say to Them?Identifying Your Niche – First you need to identify your target market. Who are they and where do they exist? The clearer you can identify, the
There are several distinct advantages to outsourcing your bookkeeping functions. First and foremost is saving money. Having said that don't step over dollars to pick up dimes. You get what you pay for and if you don't pay for quality than you won't have quality service. However, you can save money by outsourcing because you won't be paying for employer payroll tax expense (FICA, FUTA and SUTA) workman's compensation and general liability insurances, vacation time, sick time, health insurance and other benefits a good full time bookkeeper will expect from his/her employer. Just remember, however, that these costs will be built into the consultant's hourly rate and their fee will reflect these costs. Any bookkeeping consultant who has not taken these costs into consideration is not a bookkeeper you want - if they don't know enough to include these costs into their fees, then they don't know enough to be a help to your business. You should expect to pay at least three times what you would pay an experienced full charge bookkeeper.You probably know what an “elevator pitch” does, but do you own one that describes your business, yet? If not, let’s create one, right now. It’s easy if you know how.Crafting an elevator pitch requires planning. Not only do you need to know your business, but also more importantly, you need to know your target market.Who Is Your Target Market and What Should You Say to Them?Identifying Your Niche – First you need to identify your target market. Who are they and where do they exist? The clearer you can identify, the
And just how
CPA Salaries
The accounting profession provides CPAs with good, competitive entry level salaries, especially for those who have completed their CPA certification.Different surveys and reports give slightly varying figures for CPAs. The salary drawn depends on a number of factors.The major factors that affect the salary of a CPA are the state in which they practice, their level in the organization, their experience in terms of the number of years and the size of the organization.Bigger states like California and New York tend to offer CPAs big
u don't pay for quality than you won't have quality service. However, you can save money by outsourcing because you won't be paying for employer payroll tax expense (FICA, FUTA and SUTA) workman's compensation and general liability insurances, vacation time, sick time, health insurance and other benefits a good full time bookkeeper will expect from his/her employer. Just remember, however, that these costs will be built into the consultant's hourly rate and their fee will reflect these costs. Any bookkeeping consultant who has not taken these costs into consideration is not a bookkeeper you want - if they don't know enough to include these costs into their fees, then they don't know enough to be a help to your business. You should expect to pay at least three times what you would pay an experienced full charge bookkeeper.The accounting profession provides CPAs with good, competitive entry level salaries, especially for those who have completed their CPA certification.Different surveys and reports give slightly varying figures for CPAs. The salary drawn depends on a number of factors.The major factors that affect the salary of a CPA are the state in which they practice, their level in the organization, their experience in terms of the number of years and the size of the organization.Bigger states like California and New York tend to offer CPAs big
And just ho
Why Should Bill Be Concerned about Co-Worker Megan’s Customer Service?
Imagine two customer service agents, Bill and Megan, who sit on the far sides of a room containing about 200 of their peers.Bill struggles on every call to provide the best care possible, going out of his way to curb his temper when customers inappropriately challenge or even insult him.Megan is wrapped up in herself and it shows. She sounds curt and impatient and gives off the impression she’d rather be doing anything but taking calls.These two sit so far away from each other, more than 150 feet to be exact, that they could almo
general liability insurances, vacation time, sick time, health insurance and other benefits a good full time bookkeeper will expect from his/her employer. Just remember, however, that these costs will be built into the consultant's hourly rate and their fee will reflect these costs. Any bookkeeping consultant who has not taken these costs into consideration is not a bookkeeper you want - if they don't know enough to include these costs into their fees, then they don't know enough to be a help to your business. You should expect to pay at least three times what you would pay an experienced full charge bookkeeper.Imagine two customer service agents, Bill and Megan, who sit on the far sides of a room containing about 200 of their peers.Bill struggles on every call to provide the best care possible, going out of his way to curb his temper when customers inappropriately challenge or even insult him.Megan is wrapped up in herself and it shows. She sounds curt and impatient and gives off the impression she’d rather be doing anything but taking calls.These two sit so far away from each other, more than 150 feet to be exact, that they could almo
And just ho
Things My First Mortgage Mentor, Trainer, Broker Should Have Told Me...Part II
In Part I, we covered the fact that you're in business for yourself and, never stop learning, just to name a few. Here's Part II of the article:7. Find a mentor.There is a lot to learn. So much so, it's sometimes overwhelming. Working with someone who is experienced can help in areas that are unclear and confusing.With a mentor, you can see concepts in motion, then emulate their techniques, and finally, tailor them to fit your personality and business. Many of the greatest minds in history had mentors when you come to think about
to the consultant's hourly rate and their fee will reflect these costs. Any bookkeeping consultant who has not taken these costs into consideration is not a bookkeeper you want - if they don't know enough to include these costs into their fees, then they don't know enough to be a help to your business. You should expect to pay at least three times what you would pay an experienced full charge bookkeeper.In Part I, we covered the fact that you're in business for yourself and, never stop learning, just to name a few. Here's Part II of the article:7. Find a mentor.There is a lot to learn. So much so, it's sometimes overwhelming. Working with someone who is experienced can help in areas that are unclear and confusing.With a mentor, you can see concepts in motion, then emulate their techniques, and finally, tailor them to fit your personality and business. Many of the greatest minds in history had mentors when you come to think about
And just ho
Inside Affiliate Marketing For Rookies
One of the best ways to promote web businesses online is through affiliate internet marketing. Affiliate marketing programs are a new age phenomenon that incorporates getting referrals and generating commission money online. Its the electronic way of introducing potential clients to a business, online of offline. With affiliate marketing, businesses pay affiliates bonuses for bringing up leads, click-throughs, or sales to its products and services.Affiliate internet marketing has an innumerable amount of benefits to its merchants and participa
de these costs into their fees, then they don't know enough to be a help to your business. You should expect to pay at least three times what you would pay an experienced full charge bookkeeper.One of the best ways to promote web businesses online is through affiliate internet marketing. Affiliate marketing programs are a new age phenomenon that incorporates getting referrals and generating commission money online. Its the electronic way of introducing potential clients to a business, online of offline. With affiliate marketing, businesses pay affiliates bonuses for bringing up leads, click-throughs, or sales to its products and services.Affiliate internet marketing has an innumerable amount of benefits to its merchants and participa
And just how do you save money by paying three times the amount you would pay an employee? Well, let's see. There will be no recruiting, interviewing and training costs for start. And if you should find yourself unhappy with the services there will be no additional recruiting, interviewing and training to replace your bookkeeper. Also, you will not have to be concerned about law suits such as sexual harassment, unlawful firing, age discrimination, sexist, etc. Or an increase in your unemployment rates because you laid off an employee that you really wanted to fire but had no lawful cause to do so. So right away we have less time and money spent and potentially less hassle if things don't go well.
And of course you will not be paying the 7.65% employer's share of FICA and Medicaid, or SUTA or FUTA expense, or workman's compensation and general
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