2019 - Page 2 of 4 - Business For The Future

How To Choose an Accountant

September 9, 2019Eliza

Whether you’re looking for an accountant to handle your small business or personal needs, finding the right accountant can be difficult. If you’ve had little to no experience with accounting, you may not know what professional qualities are beneficial. Here are three ways to help you select an accountant.

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Full-Service Firm

One of the first features you should look for in an accountant is one who offers a variety of services. Accountants Long Island NY should be knowledgeable in a variety of financial areas including accounting, auditing, taxes, estate planning, financial statements, individual income taxes and more. When you’re researching various accounting firms, be sure to take note of their available services. It’s beneficial to find an accountant with whom you can trust for both your personal and business finances.

Experience

Experience in accounting transactions is another factor that should be highly considered. If you’re running a small business, …

Cutting the Cost of Building an Office

September 9, 2019Eliza

If you’re starting your own business, the expenses pile up quickly. From rent to salaries, benefits to supplies, everything has a price tag. Until the revenue begins to flow, it’s important to stay cost-conscious whenever you can. Fortunately, little moves like purchasing used office file cabinets, can add up to big savings.

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Equipment Leasing

Office equipment like printers, copiers, and networked computers, can be one of the biggest outlays of cash a new business has to deal with. Rather than purchasing these items outright, racking up debt on a company credit card, or financing them through a vendor, equipment leasing is an attractive option for many companies. This arrangement allows you to pay smaller installments over longer periods. The leasing company owns the equipment during the term, but in many cases, you will own it at the end. In the meantime, they will handle maintenance.

Used Furniture

Who can …

Heating With Steam

August 19, 2019Eliza

When it is cold outside, a warm home or business is the best place to be. There are several ways to warm a building. One of these is with a steam boiler. While these are rarely seen in new home construction, they work great in large residential buildings since there are few parts to break down. Here is how a steam boiler works.

Preparing the Water

Before water can reach the boiler, it needs to have the oxygen stripped from it. A supplier of deaerators can get you the right equipment to do this. The water then travels from the deaerator to the boiler itself.

Heating Things Up

Once the liquid reaches the boiler tanks, a heating source such as gas heats it up. During this time, if there are any impurities in the water, they are removed through a process called blowdown. Any condensation that occurs during this …

Reasons a Loan Can Become Classified

August 16, 2019Eliza

A classified loan, also called a criticized loan, is a loan that has been recognized by the issuer as in danger of defaulting. Financial institutions label loans as classified to monitor potential loss, and there are many ways a borrower’s loan may be deemed as risky to the bank.

Missed Payments or Decreased Salary

Outstanding payments and interest will evidently cause the lender to become cautious toward the borrower because they are showing signs that the loan may have to be written off. A less obvious reason a loan may become classified is if the borrower’s salary suddenly decreases significantly or, in the case of unemployment, completely stops. The borrower is then considered to be risky because they have a lower ratio of debt to income.

Decline in Credit

Another common reason for issuers to label loans as criticized loans is a sudden drop in credit. If a borrower’s credit …

4 Tips to Increase Your Productivity at Home

August 14, 2019Eliza

It can be difficult to be productive at home with how many distractions are present. To help keep yourself on task, consider incorporating the following tips into your environment and routine.

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Set the Scene for Productivity

Create areas that make it easy to be productive with various tasks. Going through the mail will be more efficient if you have a home office that has a well-organized filing system, shredder and scanner available in close quarters. This can also make more difficult tasks appear less formidable. Look up the best place to buy office furniture and furnish an area that’s dedicated to paperwork and file storage.

Address the Mess

Take time to tidy up around the house on a regular basis. Tackling clutter is a great way to keep the house feeling fresh while also avoiding the distraction that messes can provide. Frequent small cleaning sprees will also ensure that your …