Category: Investment

Managing your business’s accounts yourself can be very tempting, especially if you want to save money. While there is a great benefit to be had in doing your own accounts, there is even more benefit in hiring a professional accountant to manage your business’s accounts for you. This article will tell you what those benefits are.

If you do decide to hire an accountant, choose one carefully, because they may end up being your financial partner for many years to come.

Here are the benefits of hiring a professional accountant:

Errors in Accounting Can Be Disastrous

If you are a business owner and you are trying to manage every single aspect of your business, including accounting, it can be very easy to miss important details or to overlook things. As your business and profits begin to grow, managing your finances can become very difficult. Unless you are a qualified accountant, it is almost guaranteed that you will make mistakes.

When you do make mistakes in your business’s accountants, the consequences can ruin you financially. The most common mistakes made by businesses managing their own accounts are tax-related, and the penalties for mistakes of this nature can be extraordinarily high.

By hiring an account, you can ensure that every single tax return is completed to precision. You can also ensure that your business’s books are kept up to date.

You Save Yourself Time

Time is the thing that most business owners find themselves short of. You may manage your own accounts to save yourself money, but remember, as a business owner, you are paying yourself for the time that you spend working on your accounts, and time is money. When you hire an accountant, even if they charge a lot per hour, they will take a lot less time than you would to go through your accounts, which in the end saves you money.

By allowing an accountant to manage your finances, you give yourself the time to focus on other areas of your business that may need attention. You might be surprised at how much time you actually save when you hire an accountant.

Record Keeping

Accountants will keep meticulous records of your business’s financial history. This can prove to be incredibly useful. Keeping records of every single purchase that your business has made will help you to save money in the future. In fact, accountants will be able to highlight areas in your business that you can save money.

Meticulous financial records will also allow you to identify if employees have been behaving recklessly with your money, which does happen.

You Can Outsource

Accountants do not need to be paid members of staff. Hiring an accountant and paying them a salary, as well as offering them benefits, may be impossible for your business. Thankfully, you can outsource your accounting. Accounting agencies exist everywhere from Idaho to Florida, so you should have no problem finding one for your business. But whether you hire an Idaho CPA or Florida CPA, remember to research them thoroughly, and read their testimonials and reviews. When you outsource your accountancy, you pay them only for the time that you need, which could just be a few hours a week.

When your business has grown in size, you can begin to think about employing full-time accountants. Until then, make do with outsourcing. It is a powerful asset and, employed properly, can save you a lot of money.

Tax Audits

A tax audit is when the Internal Revenue Service investigates your tax return to make sure that everything is as it has been reported. While tax audits are not common, it is always worth having an accountant on hand just in case. This goes back to the previous point we made about errors in managing your own financial records. If you do make a mistake and it is highlighted in an audit, you will have penalties to pay, and with the IRS, ignorance is never a defense.

Annual Statements and Quarterly Financial Reports

For anyone who holds shares in your business, you will be expected to produce annual statements and quarterly financial reports. If you do not handle these properly, you can lose precious investors. An accountant, ideally, will have a length of experience in this area of accounting, and thus, will be able to satisfy your investors with well-drawn-up financial statements and reports. Quarterly financial reports can also attract investors.

Forming a Bigger Picture

Your accounts are not a burden – they are a great asset. As we mentioned earlier, an accountant will be able to save you money by examining your accounts. They will also be able to identify areas of your business that need growth and will tell you how you can reach those areas effectively. Many people have a very two-dimensional idea of what an accountant is. They do not just ‘file tax returns’ – they are planners, organizers, and key to your business’s success.

Assisting With Financial Decisions

If you have an investment that you want to make in your business, or in another business, then an accountant will advise you as to whether or not it is sensible, and whether or not it will benefit your business. It can be very easy when an opportunity presents itself to rush into it headfirst, but when you are managing your business’s finances, you need to slow down and give it some thought. An accountant’s advice when it comes to making financial decisions for your business is invaluable and should always be sought.

You Buy Experience

You may be a first-time business owner and may also be a novice in matters of business. An accountant, however, will have experience, and that is exactly what you are paying for. When you are struggling to make a decision, confused, or just need some advice, then an accountant is the best person to ask. They likely deal with tens of clients at one time, so are well-versed in business.

Accountancy is an unfortunate part of being a business owner. Rather than burdening yourself with stacks of paperwork, hire an accountant, and you will immediately begin to save yourself both time and money. Thank you for reading this article, and please visit us again soon.

Hello and welcome to Investing 101, where you will learn how to invest in Ethereum the right way. In this article I will be going over everything you need to know about investing in Ethereum, from what an investment is all about, buying and selling strategies for maximizing your profit potential, and taking a look at what makes Ethereum so special when compared with Bitcoin.

Investing in cryptocurrency can seem daunting for beginners because of the complex language surrounding it that is very confusing. This article seeks to break down investing terminology into easy-to-understand concepts that are not only useful but also crucial if you want to succeed as an investor.

Investing is the act of putting your money or capital at risk in order to generate a return, such as an increase in value and/or income. Investments can range from stocks, bonds, mutual funds, ETFs (exchange-traded fund), fixed incomes products(such as certificates of deposit and US Treasury bills) to commodities such as gold and silver.

Bitcoin is an asset that can be traded on many major exchanges, but Ethereum differs in that it is more of a utility token than a tradable asset like Bitcoin.

Ethereum has been bullish for the last few weeks with positive growth to both its price tag and market cap; this continued trend will likely continue for some time.

In many ways, Ethereum is one of the best cryptocurrency investments compared to Bitcoin due to its lower volatility and more utility-like use cases.

Investing in cryptocurrencies can be a rewarding undertaking but it also carries with it plenty of risk; before investing, do your research to ensure that you are keeping yourself on the safe side!

When buying or selling ETH for maximum profit, make sure you’re using the best exchange rates.

Why is Ethereum on the rise?

Ethereum is a cryptocurrency that has been gaining a lot of attention lately, but there are still many people who don’t know how to invest in Ethereum. One reason for the rise of ETH may be due to an April Fool’s Day prank published by The Guardian which claimed that Facebook had purchased the currency and was going “to create its own digital currency.”

Another reason may be due to the fact that Ethereum is a decentralized platform, which means it’s not owned by any one company. This makes investing in Ethereum less risky than investing in other cryptocurrencies like Bitcoin.

How can I invest into Ethereum?

There are many ways to invest in cryptocurrency and this article will go into detail about investing in Ethereum (ETH).

Buy-and-hold investing is one of the most popular methods to invest into cryptocurrency. Put your money into a coin, hold on tight and see how it performs over time. For example, if you buy $500 worth of ETH at an average price for that day with all other things being equal; if ETH were to rise in value from $500 to a peak of $1000, your ETH would be worth approximately $1500.

However, investing in Ethereum is not as simple as buy-and-hold investing. You need the know when to enter and exit the market for maximum profit potential.

To make these decisions it’s important to study charts that show the historical price movements of Ethereum. This is called technical analysis and it’s a powerful tool for making educated investment decisions based on past data.

There are two main scenarios to think about when deciding where you should invest your money in ETH:

Investing long term – Investing short-term (within 24 hours)

In each section, we’ll talk about some of the most important things to consider when investing in Ethereum.

The first section is for investing long term and this scenario will be best suited for investors who want to invest a large sum of money or hold onto their investment for years at a time. The second section is short-term trading which would suit investors who want to invest a small sum of money and are looking for quick gains.

Picking the right time is key when investing in Ethereum so it’s important you read this article carefully before deciding what your next move should be.

Long-term investing: We will talk about “buy low, sell high” strategy which has been proven as the best way to make money in the stock market.

The most important thing is that you don’t fall into the trap of panic selling when there’s a sudden drop in price or buying more Ethereum just because it has gone up significantly in value. It’s easy for beginners to get caught up on short-term gains but this strategy can be risky.

Selling your Ethereum: If you want to sell your Ether, then it’s important to wait until the price is at its highest point in order to get maximum profits. It doesn’t make sense when people are selling their coins during a dip because they will end up missing out on future gains.

When is the best time to buy Ethereum?

The best time to buy Ethereum is when the price dips. This may occur during a bearish market or right after some major news event that causes uncertainty in the future of ethereum. Buying at this point will give you an opportunity for profit as prices go back up again. One good example was on January 16, 2018 where ETH dipped to $751.41 before going back up again.

When is the best time to sell Ethereum?

The best time to sell Ethereum is when it’s at an all-time high and you want a quick profit for your investment. ETH reached its all-time high on January 13, 2018, with a price of about $1400. ETH has reached an all-time high again on June 21st, 2018 with a price of about $400.

This means it’s best to sell your Ethereum at that time and take profit instead of waiting for the price to go higher or lower. It’s better not to risk investing in a market that is moving so quickly and you could potentially lose your money.

Where to buy Ethereum?

Ethereum can be bought and sold on many cryptocurrency exchanges. The most popular sites to buy Ethereum are Coinbase, CEX.IO, Kraken, Bitfinex and GDAX. If you don’t have a bank account or PayPal linked to your credit card for whatever reason like privacy reasons then the best way of investing in Ethereum is through Luno if you are residing in Asia and Coinbase if you are residing out of Asia.

Where to keep Ethereum coins?

Ethereum coins are usually stored in a wallet. There are many different Ethereum wallets and they have varying degrees of security, or something is lost may happen to your funds. Some people use the free Luno wallet while others opt for storage on an offline USB drive (cold storage). The best option really depends on how much you hold as well as your individual risk propensity.

If you are looking for offline cryptocurrency wallet, here are some of the best ones you can’t go wrong with:

Should I invest in Ethereum in 2021?

This is a difficult question to answer, but it will be an important one for many people who are trying to decide which cryptocurrency they should invest in. There are pros and cons about investing in Ethereum that you need to take into account before buying ETH.

The price of Ethereum has been increasing rapidly over the past few months so there is a chance that the price will continue to increase

However, Ethereum has been experiencing low volatility which is considered an advantage in investing. This means if you invest now, your risk of losing money would be lower than with Bitcoin because it fluctuates more wildly

The downside for investing right now is people are anticipating a correction due to some of the factors affecting Ethereum. There is no guarantee that it will keep going up, so investing now may not be good for some people

Investors need to decide if they want more risk or less by looking at what kind of market conditions are in place right now. You can invest and then get out once you see a correction coming which would decrease risk.

The price may go up and down, but that doesn’t mean you lose your investment or get back less than what you invested in the first place. It’s important to remember this when investing because there will be some volatility (volatility is a measure of risk).

If it does drop significantly then wait for a correction before investing again. The price will go back up and it’s usually a good time to invest because the prices are lower than they were before the correction.

Buying bitcoin can seem like a daunting task, but it doesn’t have to be. This article will cover all the basics of investing in bitcoins and buying your first bitcoin. It is important to know that Bitcoin is an online currency – meaning you don’t physically buy bitcoins, instead you buy them with U.S dollars or other world currencies from another person on the internet!

-What is Bitcoin?

-How does Bitcoin work?

-Where do I buy my first Bitcoin?

-Bitcoin investment strategies

-What are the disadvantages of Bitcoin?

-Bitcoin bubble burst warning signs

What is Bitcoin?

Bitcoin is a cryptocurrency that allows you to buy goods and services from different places. It’s decentralized, meaning it’s not governed by any institution or government.

How does Bitcoin works?

Bitcoin is not just a currency, but also a payment system. It’s instant and secure – there are no banks involved with Bitcoin transactions. All you need to buy something with bitcoin is the recipient’s wallet address (which begins with “19”) as well as your own wallet address for receiving bitcoin payments in return!

Where do I buy my first Bitcoin?

There are many ways to get bitcoins however it can be difficult because of all the possible scams out there. The easiest way we found was using Coinbase since they have been around for some time and offer an excellent service that will help newcomers get into this new form of money easily! You can go through their website or download their app on your smartphone!

Apart from Coinbase, there are also many other Bitcoin exchanges such as Kraken, Bitfinex, and Gemini. We recommend Coinbase for the easy user interface or if you are not sure which one to pick.

Here is a screenshot of how it looks like after your buy bitcoin on Coinbase:

These are the steps that will help in buying Bitcoin through Coinbase:

Firstly we have to create an account with them by filling out their form and verifying our email address (once they send us verification).

Secondly, log into our account and click on ‘buy/sell’ tab from where users can buy up Bitcoins using various methods including credit or debit cards!

Thirdly get verified with Coinbase by submitting all necessary documents according to state laws. Verification is important to avoid scams and fake accounts.

Fourthly purchase bitcoins now!

Finally once that’s done, you will receive bitcoins in your wallet and can use them to purchase anything from Amazon or shop at any other place that accepts bitcoin as a payment method.

Bitcoin investment strategies 2021

These are the steps for investing Bitcoin smartly:

Firstly create an account with Coinbase which leads you through verification, identity confirmation and linking of bank accounts etc. This is important if we want our transactions to be swift!

Secondly get verified with one of these exchanges once again by submitting all necessary documents according to state laws; this step is equally important because it helps us avoid scams and fake accounts.

Third buy some Bitcoins (or another cryptocurrency) that suits my needs best – high risk, medium risk, low risk etc- based on factors like demand/supply ratio, the coin’s volatility etc.

Finally, store my Bitcoin in a hardware wallet which is an electronic device that can be disconnected from any networks or internet connection and if I do lose it then I will not lose all my money!

What are the disadvantages of Bitcoin?

Just like anything else in the world, Bitcoin has its own disadvantages too.

For instance, it is highly volatile. The value of Bitcoin can rise or fall as much as 20% in a single day! For those who invest a substantial amount in Bitcoin, you might either make a huge profit or lose everything in just a matter of seconds.

Another disadvantage is that the transactions are not reversible and there’s no centralized authority like banks where you’ll be able to get help from them if something goes wrong with your cryptocurrency investment.

Finally, there’re those who are just simply sceptical and don’t believe in cryptocurrencies.

Bitcoin bubble burst warning signs

Is there a way to see if Bitcoin bubble burst is in the making?

There are some warning signs that you might want to look out for, such as when the price of Bitcoin rises by over 100% in just a few weeks.

It’s also worth noting that anything can happen on this roller coaster ride. There will be days where you may hit a luxurious profit and then, there are also those days that are bad (for your wallet).

The cryptocurrency market is unpredictable and it often leads to an expectation gap between what people believe will happen ( and what really happens.

That’s why it is extremely important to have a game plan and an exit strategy before you dive in head-first.

To help you make the right decision, here are some of our best Bitcoin investing tips for beginners that might be able to help out (keeping you from making a lost):

-Buy low and sell high (this means timing your buy/sells so that you buy cryptocurrency when prices are down and sell when the price is high)

-Do the opposite of what the majority is doing (buy when people sells, sell when people buy)

-Use margin trading to trade bitcoin with a higher leverage (although this will increase your risk in case of an unforeseen market movement).

-Only invest what you can afford to lose. This may be difficult but it’s important because there are no guarantees with Bitcoin.

-Always invest what you can afford to lose and remember that this is a long term investment (Bitcoin has been around since 2010). This means buy low, sell high as much as possible in the short term without worrying about holding onto it for too long.

-Incorporate dollar cost averaging into your strategy (dollar cost averaging is when you buy and sell in the same period with a fixed amount of money set aside for investment).

-Don’t forget to diversify your investments (Bitcoin is not just one thing, so it’s important to invest across various coins instead of only Bitcoin)

-Consider investing into ICOs or Initial Coin Offerings. You could make some huge profit or gains if you invest in carefully vetted projects.

-Don’t be fooled by the hype or FUD (fear, uncertainty and doubt) surrounding Bitcoin – this is a real investment opportunity!

In conclusion: Buying bitcoin can seem daunting at first but it’s really not once you understand what they are and how they work. If you are just starting to invest in Bitcoin, always remember that there will be learning curves and the cryptocurrency market is always volatile.

There many ways to buy bitcoin and the article will share some of them.

Remember to have a diversified portfolio when investing in Bitcoin or anything else for that matter!

If you’ve ever owned a business, or you’re about to, you may be on the verge of finding out just how difficult it can be managing the IT infrastructure. We’re here to talk just about that and all the ways how your industry infrastructure can benefit from IT support. From higher productivity, over more flexibility to lower costs, and more time to focus on growing the business, let’s see just how outsourcing IT management and tasks can aid your industry infrastructure.

Why is IT support important?

Most small business owners start with an IT solution that is more DIY-based that just gets the job done. More often than not, they will usually invest in simple hardware such as desktop computers, phone systems, laptops, and a router for a solid internet connection. In addition to this, services are usually delivered and team member collaboration, as well as supplier and customer contact, is usually accomplished through cloud applications. However, as the small business grows, they will quickly realize that their said DIY IT support will not be able to meet their business needs adequately, hence, the need for a more sophisticated infrastructure arises because it can offer security, connectivity, time-efficiency, and overall productivity. Ensuring that your IT infrastructure becomes reliable and secure is crucial not only to the business’ sustainability but also to its scalability. Taking shortcuts with IT infrastructure to save money in the short term is thought by many to be unwise, which is why new business owners should take IT to support quite seriously. 

It boosts productivity

As we’ve previously mentioned, solid IT support will boost overall productivity both in terms of staff productivity, and more importantly – user productivity. As far as staff productivity goes, your IT department is in direct relation to staff productivity. More often than not, IT staff can be consumed with fixing equipment that seems to be malfunctioning or with resolving user issues. These two tasks can take their focus off some of their core responsibilities. As IT managers over at www.ecsoffice.com note, your staff can remain focused on more important priorities such as developing your core business if you outsource the management and tasks of your IT environment to a service provider. Furthermore, if your technology fails to improve productivity and enhance the way you do business, you will end up losing money because unplanned downtime will increase. More specifically so, it costs around $ 60,000 for every 100 users, all of which can be avoided by implementing managed IT services.

Lower cost

As we’ve mentioned in the previous paragraph, switching to a managed IT provider significantly reduces infrastructure costs in many different ways. When professionals take control of your infrastructure you will be able to downsize the amount of infrastructure you have on-site by using their data centers. Furthermore, you will not only save on the cost of the huge amounts of hardware, but also on energy that it used to use, and the space required to house it. In addition to this, you will save up a lot of money that would otherwise be spent on training, licensing, and consulting. All of these needs can be covered by a monthly investment if you outsource IT management and tasks. The savings go as high as $ 1,500 per user every year just on costs related to infrastructure. Last but not least, you will save more money on hiring technical workers and staff workload due to resource allocation towards more experienced and trained personnel.

It makes it more flexible

In some cases, small businesses grow so fast that it is very difficult to keep up internally. In other words, if a small business begins to scale, it will most likely need more IT support because it won’t be able to keep up with the ever-growing demands of a rapidly developing business. We’ve previously discussed that outsourcing IT management and tasks offers more user and staff productivity, and now we’re emphasizing that this also takes away the stress both off of your employees and off management because they won’t have to hire new employees. Alongside the reduced amount of stress on you and your employees (your whole business in other words), comes a great level of flexibility. Flexibility goes hand in hand with increased efficiency, both of which are targeted towards successful business growth and bringing in more money. The best news is you can get started with IT support in no time, and the sooner you outsource these tasks and management, the sooner your business will become flexible, and therefore successful.

It saves time

Once you don’t have to worry about IT internally, you and your business will be free to focus on other important aspects of the company with more focus. More often than not, IT isn’t the company’s goal, only a supportive service. This also means that skilled IT workers will typically stick to the better-paying tech firms than as a support service, and most businesses especially if they are small can’t afford to pay top-level talent. This can make the search for experienced employees extremely difficult, and also why many businesses opt to outsource because it saves them the long search, and ultimately a great deal of time. This time can be used more effectively to put effort into scaling and growing their business, which is ultimately the end goal of any serious company. Moreover, it can also save time if your IT sector is new and inexperienced because if it’s properly outsourced, all problems will be solved in an instant, as opposed to spending hours looking for a solution. 

Outsourcing IT management and tasks, as we’ve all seen, can have tremendous benefits for your industry. This is especially important if your small business is starting to boom, or you can no longer afford to waste time, resources, and flexibility to compensate for an inexperienced IT sector in your company. Outsourcing can take the stress of the responsibilities of your employees and thus make them more productive and flexible to focus on building your brand and growing your business with no interruptions. 

The online gambling market was expected to grow to around $77 billion by 2026 according to Brand Essence Market Research. However, this was back in 2019 before Covid arrived and changed the way many people used the internet.

Enforced lockdowns meant that millions of people started to work remotely for the first time in their lives, and many have continued to do so even after restrictions were lifted. For others, the lockdown meant seeking out new forms of online entertainment, and casinos were one of the things people discovered—making it a very popular style of betting.

The growth of online casinos and gambling grew much faster than expected and a new group of players who had never walked into a traditional establishment before found themselves enjoying poker, online slots, and blackjack.

However, there are no guaranteed wins in a casino, but there are other ways to make money out of this recent gambling boom. 

Choose your niche area

The key to making money out of any form of gambling is that you will have to understand what you are selling. The ways you can make money from casinos and sports betting will be from providing advice, presenting information, giving tips, or hosting an online sports channel.

Decide what your best area is before you choose your medium. For instance, if you have extensive knowledge of horse racing then concentrate on that area, don’t write about ice hockey. However, if you like casino games then perhaps you can use this to your advantage.

Here are some of the ways you might make some money from other people’s gambling. 

Bring your knowledge to a YouTube channel

If you feel comfortable in front of the camera and have some sporting knowledge, then you could start your own YouTube channel. Here you would dispense advice and predictions for sporting events.

The first thing you need to know is how to create a YouTube channel, you will also need confidence and a great personality. Knowledge and interesting insights will also be the key to you growing your audience.

Be aware though, that making a YouTube channel is hard work and it will be some time before you can start thinking of joining the highest-paid vloggers.

Write a blog on sports or casino games

If you don’t feel comfortable in front of the camera then let your writing speak for you instead. Football – or soccer – is the biggest sport in the world and an enormous amount of money is bet on every game. If you are willing to put in the effort and time you could make a football blog by reporting on injuries, upcoming games, transfers, and of course predictions.

Alternatively, concentrate on casino games if this is more your area. An interesting site about basic strategy, gambling stories, casino news, and the latest slots could attract players wanting to understand more about their favorite games.

A successful blog can lead to revenue through advertising, affiliate marketing, and guest posts. Online casinos need traffic and they have lucrative affiliate programs where a successful website owner could own $000s each month.

Casinos give away sign-on bonuses and free bets, and people search for these online, so if your blog lists the newest ones you can make money through click-thru ads. For example, you can review casinos for 50 free spins no deposit in 2022, which is the most popular search in the recent months.  

Tipping and reselling tips

Many gamblers look for online predictions and tips before sporting events. These either come in the form of free tips or from a paid subscription. Tipsters use social media such as Facebook, blogs, websites, and email lists to send out their weekly or daily tips.

If you believe you are knowledgeable in one particular sport then it is possible to sell your tips. It is completely legal to do so but you must make sure you advertise legally and with no false promises.

The key to being a successful tipster is being honest, building trust, and of course, nailing a high percentage of predictions.

The other way to make money from tips is by reselling. This simply means you join one or more tipster services and then sell these tips on your own platform. 

How do you make your blog or channel successful?

You will need to know how to increase your Google ranking so that people can find your blog. This means using SEO to boost your site through keywords, relevant content, following the new Google Core Web Vitals, and optimization.

At the start, you shouldn’t be thinking about getting rich quickly but concentrate on producing quality content to build something that other people will enjoy visiting. Through trustworthy, relevant content you will gain a loyal audience.

You can invite guest posts onto your site to help build content, and write for other trusted websites to build awareness. Through these methods, you will generate quality backlinks. Always, avoid black hat SEO techniques such as keyword stuffing. 

By creating a clear digital marketing strategy, you can promote your sports or casino brand, gain traffic, and build trust which will help you towards success. 

Playing in online casinos

If you don’t want to write or promote yourself on YouTube then you could just enjoy the many online games available. You don’t need to gamble any money as there are many free-to-play slot machines, poker tournaments, and blackjack games available.

You could also join a kasyna online and then use the sign-up bonus to try your luck at winning some money on roulette, or craps. If you are going to use online casinos then remember they are entertainment, only gamble what you can afford and practice before you bet. Learn basic strategy for blackjack and try to break the house. 

Summary

With effort, time, and knowledge, you could build a successful sports betting or casino platform. There is definitely room for a blog or YouTube channel on these subjects, and there are also certainly enough players and sports betting fans out there to build an audience out of.

The keys to making money from this will be quality content, good SEO, honest advertising, good predictions or information, a winning personality if vlogging, and a genuine love for what you are presenting to your audience.