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Gerald Hussen

When to Hire a Bookkeeper or Accountant - 1 views

corlissonlinegroup.com/...hire-bookkeeper-accountant

the corliss group online financial mag When to Hire a Bookkeeper or Accountant

shared by Gerald Hussen on 28 Oct 13 - No Cached
  • Gerald Hussen on 28 Oct 13
     
    A serial entrepreneur Aaron Sylvan who lives in New York, contrasts the circumstances to requiring to hire both a carpenter and an architect when building a house. An accountant can analyze the big picture of your financial situation and offer strategic advice as he/she produces key financial documents, like profit-and-loss statement, if needed, and files a company's taxes. An accountant can also act as an outsourced chief financial officer, advising an entrepreneur on financial strategies, like whether to secure a line of credit against receivables when introducing new products after tax season is over On the contrary, a bookkeeper's jobs are the day-to-day hands-on tasks: making sure new employees file all the right paperwork for the company's payroll, submitting invoices (promptly) and following up on them, and paying the bills. The bookkeeper also tracks company expenses or company financial statements and can assure that every cost has been entered - and recorded correctly - into software like QuickBooks so that the business is ready for tax time along with filing any other reporting to, say, creditors or investors. "I don't keep receipts; they're a pain," says Sylvan, who runs Sylvan Social Technology, an ecommerce-services company. "Every month I get a bank statement with a gazillion transactions," such as taxi rides, meals, conferences and other expenses he has placed on his company's debit card. He said his bookkeeper spends a few hours a week sorting it all out. Consequently, Sylvan has a better idea about how his expenditures stack up in opposition to his budget. He is certain he won't bill clients wrongly or miss important payments. "Knowledge is power," even when it comes to the small details, Sylvan says. "If you don't have a bookkeeper, you're probably not being as strategic as you could be in how you spend your money." When to Bring in a Bookkeeper Sylvan has typically hired a bookkeeper for a few hour
Joseph Andersen

Financial Blog Corliss Group: Wall Street accountable after the crisis - 2 views

thinkprogress.org/...rtgage-fraud-wall-street-audit

Financial Blog Corliss Group How The Government Botched Its Effort To Hold Wall Street Accountable After Crisis

shared by Joseph Andersen on 20 Mar 14 - No Cached
  • Joseph Andersen on 20 Mar 14
     
    How the Government Botched Its Effort to Hold Wall Street Accountable After the Crisis The Department of Justice (DOJ) fell down on many of its efforts to hold Wall Street accountable for mortgage fraud after the crisis, according to a new audit from the U.S. Department of Justice Office of the Inspector General (OIG). The DOJ promised the public that it would place a priority on going after mortgage fraud. But the report finds that "DOJ did not uniformly ensure that mortgage fraud was prioritized at a level commensurate with its public statements." One telling example is that the Federal Bureau of Investigation (FBI) ranked mortgage fraud as the lowest threat in its lowest crime category. The OIG also visited FBI field offices in Baltimore, Los Angeles, Miami, and New York and found that either it was a low priority or not even listed as a priority. Meanwhile, the FBI got $196 million in funding to investigate mortgage fraud between 2009 and 2011, yet the number of agents doing the investigation decreased in the same time, as did the pending investigations. More related issue from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ http://corlissonlinefinancialmag.blogspot.co.uk/ http://www.pinterest.com/geraldhussen/corliss-online-financial-mag/
Philip Standifer

Financial Tips Corliss Group Online Magazine on 4 Essential Money Mistakes Entrepreneur... - 1 views

As I get rolling on a new startup with my partners at Startup.SC, a startup incubator in South Carolina, I am reminded of a few painful mistakes many entrepreneurs, myself included, make when start...

Financial Tips Corliss Group online magazine 4 Essential Money Mistakes Entrepreneurs Overlook

started by Philip Standifer on 15 Oct 14 no follow-up yet
Gerald Hussen

Financial Blog Corliss Online Group: Another deficit of clear thinking among Hong Kong'... - 1 views

Philip Bowring is appalled by the report on fiscal planning(http://www.scmp.com/comment/insight-opinion/article/1443828/another-deficit-clear-thinking-among-hong-kongs-fiscal) that seeks to preserv...

Financial Blog Corliss Online Group Another deficit of clear thinking among Hong Kong's fiscal planners

started by Gerald Hussen on 12 Mar 14 no follow-up yet
Gerald Hussen

Financial Review Corliss Group online magazine: Ways to reduce your vulnerability on ta... - 1 views

10 ways to reduce your vulnerability on tax-related identity theft Identity theft continues to be one of the major growing crimes in United States nowadays, and places a large burden on victims, b...

10 ways to reduce your vulnerability on tax-related identity theft Financial Review Corliss Group online magazine

started by Gerald Hussen on 04 May 15 no follow-up yet
martaakerman

Financial Blog Corliss Group Cybercrime Could Cost Global Economy Over $500 Billion - 2 views

www.infosecurity-magazine.com/...lobal-economy-over-500-billion

Financial Blog Corliss Group Cybercrime Global Economy $500 Billion

shared by martaakerman on 15 Jun 14 - No Cached
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  • martaakerman on 15 Jun 14
     
    McAfee report paints grim picture of lucrative industry, despite incomplete data. Cybercrime could be costing the global economy as much as $575 billion annually, according to a new report from McAfee. The Intel-owned security company based its estimate on a range of sources, from government agencies to NGOs and academic institutions, counting both direct and indirect costs. The report, Estimating the Global Cost of Cybercrime explained the methodology as follows: "This study assumes that the cost of cybercrime is a constant share of national income, adjusted for levels of development. We calculated the likely global cost by looking at publically available data from individual countries, buttressed by interviews with government officials and experts. We looked for confirming evidence for these numbers by looking at data on IP theft, fraud, or recovery costs. In addition to a mass of anecdotes, we ultimately found aggregate data for 51 countries in all regions of the world who account for 80% of global income. We used this data to estimate the global cost, adjusting for differences among regions." However, the vendor cautioned that "differences in the thoroughness of national accounting", as well as underreporting of incidents and the difficulty of valuing IP all make calculations an imprecise art. High income countries lost more as a percentage of GDP, which could be because they have better accounting systems in place and/or that their IP is more valuable and therefore a bigger target for criminals. The $575bn figure therefore comes from extrapolating a global total from high loss countries. It could be as low as $375bn if McAfee had extrapolated from "all countries where we could find open source data".
Gerald Hussen

Spotify user numbers grow globally as company's UK revenue falls - 0 views

corlissonlinegroup.com/...ally-companys-uk-revenue-falls

the corliss group online financial mag Spotify user numbers grow globally as company's UK revenue falls

shared by Gerald Hussen on 19 Dec 13 - No Cached
  • Gerald Hussen on 19 Dec 13
     
    Spotify UK drop into the red last year, since subscription revenue fell and the music streaming service invested more in growth here. When compared to 2011's profit of £21 million, accounts reveal Spotify's British arm made a loss of £10.1 million in 2012. Down from £96.5 million a year earlier in 2012 it fell to £92.6 million, the online music streaming platform saw this revenue fall. The decrease in revenue was partially down to its decline in subscription, which fell from £72.4 million to £64.7 million because of the alteration in the way subscriptions were booked. A minimal increase was seen by UK advertising on the platform, rising from £8.1 million to £9.1 million to the year ending December 31. Sources say that subscription numbers have been growing strongly in 2013 thanks in part to partnerships with the likes of Vodafone. Spotify UK declined to comment on its accounts but earlier in the year parent company Spotify Group said: "In 2012 the business focused on driving user growth, international expansion and product development, resulting in soaring user numbers and increased market penetration. "Our key priority throughout 2013 and beyond remains bringing our unrivalled music experience to even more people while continuing to build for long-term growth - both for our company and for the music industry as a whole." With its operations in the thirty two countries around the world, Spotify lets users stream 10 hours of music a month for free with advertising or pay a subscription fee for unlimited, advertising-free listening. Naming Sony, Universal and EMI, and to date has paid out $500 million in royalties to artists, the company has signed deals with major record labels with the said records. With 5 million paying subscribers Globally Spotify saw users leap from 11 million to 20 million in the year. UK numbers were not disclosed. From March this year figures demonstrate this has augmented to 24 million users and 6 million subscribe
anonymous

Corliss Online Financial Mag: Buying Shares or a free practice/virtual trading - 5 views

corlissonlinegroup.com/share.html

Corliss Group Online Financial Mag

shared by anonymous on 24 Nov 13 - No Cached
  • Gerald Hussen on 24 Nov 13
     
    A share has several features that you should understand and get familiar with. The share features are enumerated and defined below. * Last Price - The last price the share was traded at. * Ask Price - The price at which you can buy your stock. * Bid Price - The price at which you can sell your stock. Note: There is always a small difference between the bid and the ask price, this is where the market makers earn money.
  • ...3 more comments...
  • Polen Scalabrine on 02 Dec 13
     
    Trading shares is one aspect of financial awareness that requires wider dissemination, especially with the onslaught of controversies surrounding Wall Street activities and global economics, in general. A basic appreciation of the complex process would help both would-be investor and non-investor alike achieve a working knowledge of the industry. Educating people about the stock market will also promote the industry to more people who might be encouraged to invest and prepare for their future through engaging actively in a potentially promising wealth-building undertaking. Although Corliss Online Financial Mag presents itself as an e-zine or online magazine, the traditional features of the magazine are not present. The friendly-ness of most magazines are clearly not there. Except for the few pictures on the homepage, we are shown nothing more to make the e-zine appear inviting. All the rest, the layout, the color and the overall presentation leaves much to be desired. In contrast to the frenzied action that happens on the stock market floor, the treatment as well as presentation of the subject matter reminds one of most college textbooks on logic and economics. One has to be so focused on making money and nothing else - no art, no drama, no panache - to keep on reading and enjoying it. One gains a lot, of course, in the same way that most students have to learn in order to pass the exam in class. In this case, one will gain enough to become a more-or-less knowledgeable stock market investor in the long run, with enough practice and experience. Learning the first steps in any endeavor, after all, requires knowing the basic definitions of the subject. Plenty of that in the mag although we could need some more illustrations. But I guess, the editors aimed for a very fundamental approach in order to give beginners a smooth-sailing introduction to the intricate world of stock trading. All in all, the webpage provides all that one needs to know to make that giant
  • Adreana Corrs on 03 Dec 13
     
    The phenomenon of share prices moving up or down is a dynamic process worth looking into and understanding in order to appreciate what is happening and how it affects one's investment. The website attributes the movements to "supply and demand" - the ubiquitous main players in the whole economic or business world. And so, a share price goes up when certain conditions are present. Let us discuss them one by one. "When a firm is making big profits", the demand for it goes up and the price follows suit. Obviously, people would want to become part owner of a company that is making it big. But who decides the price should go up? The company or the market? The website does not explain further. Perhaps, it is a secret or an unnecessary information for the investor. Really? We all have the right to know. The second reason is that "many people want to buy the shares to get the rewards of the profits." This is not so obvious a reason as the first. It seems similar or the very same first reason above. This probably applies to companies that are already highly valued. Third, "few people want to sell the shares." Again, this is merely the reverse of the second and which could be a result of the first reason. We seem to be going around in circles here. So far, we only have one viable reason for prices to go up. Last reason provided is "only a few shares are available to buy." Now, that looks like a different reason. But then again, it an indirect result of the first reason. Looking at the other side of the picture merely presents a mirror image of what we just went through above. In short, supply and demand, even for shares, totally depends on the profitability of companies. Nothing more. One wonders if this simple survey of the stock market is overly simplistic or is it that we can look at the whole process as a simple one and that somewhere the complexity is an artificial characteristic that is manufactured to confuse or deceive people? And the plo
  • Gertrude Huey on 04 Dec 13
     
    Going to the fundamentals is always a good practice in many areas. More so in the stock market investment. Corliss Online Financial Mag provides us a quick survey of a company's "fundamentals" which involves analysis of its financial statement, review of its profitability and computing other financial parameters to help the investor measure the firm's financial health. All these require a working knowledge of financial principles. Hence, no investor can achieve a significant amount of success in the stock market without fully understanding these principles. Unless, of course, one assigns the difficult analysis to financial consultants and merely take their advice at face value. But this puts any investor to genuine risks. That is why having a respectable and reliable company such as Corliss Group is vital. Transparency is a valuable quality to look for in a financial consultant group. One must ask questions and dig deep into issues that may affect one's investment. This is the only way the complexity of the stock market can be unravelled. Of course, there will always be trade secrets in any "trading" endeavor. Yet, as long as one stays long enough in action, these hidden mechanisms (if they do exist) will eventually present themselves as they often do in other fields. What encourages many investors to continue to remain in the market is its quality of being apparently easy and simple although it is in reality a totally complex matter. It is much like the ocean that appears calm on the surface but totally chaotic and foreboding underneath. That is where the sharks, serpents and monsters dwell. And since most people swim or paddle only on the surface, they do not truly appreciate the reality of things. Or who the real winners are. Still, anyone can make a living or catch enough fish simply by skimming the surface of the sea. Until one decides to face greater risk and dive overboard and catch more fish underneath. This is precisely what understanding
  • Adeline Brown on 04 Dec 13
     
    Getting to know a company certainly helps in mapping out one's investment. It is like courting a girl: If you want to enter into a serious relationship with her, you must invest time and money to get to know her more to find out her real value. The good thing about shares is that you can sell it and still make a profit.
  • anonymous on 05 Dec 13
     
    Corliss Online Financial Mag describes the process of buying shares, a rather simple step done through a brokerage account. Exactly what a brokerage account is and how it is acquired and where one can get one is not explained. However, the website advises the reader to visit links to fill up that information gap. Also, the site suggests enrolling in a free practice/virtual trading at ADVFN. Alright, that removes all the missing info from a mere reading and depending on the essential information published on Corliss' website. Besides, it is not any person or company's obligation to spoon-feed its readers when they themselves can get that information somewhere else. The crucial step of buying shares at certain prices is the first and, perhaps, the ultimate step involved in the process of stock market investment. That is where all the asking and the bidding occur. That is where all the success and failure of the entire process begins and ends. Finally, that is where all the feelings of triumph or regret will be focused on by the players after all the counting has ended. In the din of figures flashing and voices calling out prices and names of companies, one thing is supreme: The individual investor started it all by buying the share at the determined price. It is the same case with those who call out a number at a game of dice or the number chosen at a roulette game. Win or lose, the process goes on and the dice fall how they may. This unseen and unheralded reality in the process of shares trading is inevitable and even expected, although blindsided people may not realize they will go through it or do so oftentimes. It may seem counter-intuitive for those who see trading as an emotionless or dead activity. But as one that involves humans and their passion for making wealth and dreaming of a comfortable life, it will always involve some form of mystical or transcendental passage not easily acknowledged or recognized. Not that shares trading can be likened to a
Gerald Hussen

Financial Tips Corliss Group Online Magazine - Top 7 Financial Tips From Nancy J. Lapoi... - 2 views

I was asked at a social wine event, "What are the most important tips you have learned that people typically don't know, but need to know?" That is a loaded question and very subjective. Basical...

Financial Tips Corliss Group Online Magazine Top 7 From Nancy J. Lapointe Navigate

started by Gerald Hussen on 10 Jul 14 no follow-up yet
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Gerald Hussen

Corliss Group Online Financial Mag, Hong Kong Jewelry Sales Hit the Rocks - 1 views

http://blogs.wsj.com/chinarealtime/2014/01/23/hong-kong-jewelry-sales-hit-the-rocks/ Nearly one year ago, year-over-year growth in jewelry sales was as high as 19%, said Sarah Quinlan, senior vice...

Hong Kong Jewelry Sales Hit the Rocks Corliss Group Online Financial Mag

started by Gerald Hussen on 29 Jan 14 no follow-up yet
Gerald Hussen

Corliss Group Online Financial Mag Hong Kong Between A Rock and Hard Place - 2 views

Corliss Group Online Financial Mag Hong Kong Between a rock and hard place One of a handful of Britain's remaining possessions, Gibraltar is an interesting anachronism says Gillian Vine. Last yea...

Corliss Group Online Financial Mag Hong Kong Between A Rock and Hard Place

started by Gerald Hussen on 06 Mar 14 no follow-up yet
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Gerald Hussen

Corliss Online Group Financial Mag: Can Hong Kong Solve Scotland's Currency 'Fankle'? - 1 views

Scottish nationalists are in a quandary: how to dissolve the three-century bond with the United Kingdom while preserving their monetary link with the British pound. And Hong Kong may provide the a...

Corliss Online Group Financial Mag

started by Gerald Hussen on 01 Mar 14 no follow-up yet
Yelena Jakov

Corliss Online Financial Mag: Is corporate Singapore being too naive on fraud? - 1 views

www.cnbc.com/101079373

corliss online financial mag Is corporate Singapore being too naive on fraud

shared by Yelena Jakov on 04 Oct 13 - No Cached
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  • Yelena Jakov on 04 Oct 13
     
    Singaporean corporations are more naive in their approach to anti-fraud and corruption practices in comparison to the Asia-Pacific average, a survey from global accountancy firm Ernst & Young has found. According to the "Building a more ethical business environment survey," only 17 percent of Singaporean respondents acknowledged that planned investments in new markets will expose the company to new risks, compared to an average of around 35 percent for the Asia-Pacific region. "Companies in Singapore don't necessarily lag behind in terms of anti-fraud and corruption practices; what we found is a disconnect between policies that companies already have in place and the enforcement of those policies," said John Tudorovic, fraud investigation and dispute services partner at Ernst & Young. More Economic News: http://ireport.cnn.com/docs/DOC-1023271 https://www.ibm.com/developerworks/community/forums/html/topic?id=2de7c127-290e-44c8-b929-e5c04fc7f16e&ps=10
Sabina Dupras

Financial Blog Corliss Group: From Corporate Giants to Main Street, Fraud is on the Rise - 1 views

Investors, analysts and corporate directors rely on external audits to keep companies honest. But a new study says audits are woefully ineffective at uncovering fraud. In fact, more than twice as m...

Financial Blog Corliss Group From Corporate Giants to Main Street Fraud is on the Rise

started by Sabina Dupras on 27 May 14 no follow-up yet
Philip Standifer

Financial Blog Corliss Group: 20 essential pre-flight checks for investors - 1 views

Financial Blog Corliss Group: 20 essential pre-flight checks for investors The simple checklists used by pilots and doctors every day have saved countless lives. Use these investment checklists to...

Financial Blog Corliss Group 20 essential pre-flight checks for investors

started by Philip Standifer on 29 May 14 no follow-up yet
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