Saturday, January 26, 2013

Best Accounting Practice for a New Business | Lake Wylie Tax Service

Accounting | Lake Wylie Tax ServiceOne best practice for any new business involves having an accountant on board to keep records and help with all accounting task that goes along with any business. This can not only keep the new business on track but lets the owner(s) keep emphasis on making the business work. It is important that the new business owner stays focused on growing the business especially as difficult as the economy is today.

Accountants do so much more that can help keep new businesses afloat today besides just taxes. By providing monthly financial reports they can help keep track of profit and loss. In this way you can see whether you are making money or if you may need to make changes that will increase the flow of business. Using an accountant should be part of your business plan.

As part of adding an accountant as part of your business make sure you meet with them quarterly to review profit and loss so that you know where your business is at financially. They may even offer suggestions that will help to keep you on the right track. For example if they see somewhere they you can save on in-house expenses they can bring this to your attention for your review.

Another area that they may help you involves a cash flow forecast. In this way you can set goals to work towards as well as be prepared for the financial ups and downs that all businesses experience. Having an accountant who is keeping track of your financial development in place gives you the information that can be used if you need to get further financing for improvement or upgrades. This can save a lot of time and headaches.

You do not have to have an accountant as an employee but can contract with a local professional or better yet look at companies that are available in your area. In this way you will always have access to someone who is up to date on the changing laws that regulate the financial aspects or your business.

Besides those that have already been listed tax planning is a must for any new business to survive today?s economy and what better place to start than with a great accountant. Your accountant can be worth their weight in gold or increased business profits if you work together in the area of their expertise. Here at Lake Wylie Tax Service we can provide you with the accounting services you need at a cost you can afford. It has already been said that you don?t have to know everything to succeed but you do have to know the right people to help you get there and there is no exception in the accounting arena. Give us a call today. Also, please feel free to comment or leave suggestions ? we love hearing from you.

Source: http://www.lakewylietax.com/best-accounting-practice-for-a-new-business/

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Sunday, January 13, 2013

Microsoft Offers one-month free extension of Xbox Live Gold services

The Cloud Save feature of Xbox was not working last weekend and many users ended up with a woe for Xbox. Well, if you are one of such Xbox users, Microsoft get your pain now by apologizing for the outage and paying a compensation for the same.

Microsoft is giving out free one-month extension for Xbox Live Gold Accounts as a compensation of Cloud Save outage during last week.

xboxlive

Microsoft however has fixed the entire technical issues and the Xbox Cloud Save is back in function from this weekend.

Major Nelson from Microsoft sent out a special apology message for the users who suffered the Cloud Save outage saying ? To Microsoft, I say, ?Top-notch apology. Yes quite.? And to the Xbox Live Team, I say, ?Now go and rest our heroes.?

?The company will be offering a complimentary month of Xbox Live Gold membership to ?all? affected users?.

On the same note, Alex Garden, general manager of Xbox Live, said ?We want to thank all of our Xbox Live members impacted by the Cloud Saved Games service issue for your patience and understanding. It took longer than we expected to get back to full performance as we needed to ensure the integrity of everyone?s game saves?.

?Whether you couldn?t access your game saves for a couple of hours or a couple of days, we sincerely apologize for the delay and inconvenience. We will be automatically applying a one-month extension to the Xbox Live Gold memberships of everyone who was impacted. We can assure you we?ll also be doing a thorough post mortem to help prevent this from happening again.?

Many services on Xbox.com and Xbox Live were affected by this technical issue. Xbox team posted on their official twitter page last week that Cloud Save service is not working properly and the users were unable to access their save files.

Fortunately the issue?didn?t?hit every Xbox Live user and it is fixed by now.

About the author: Jenifer Franklin View all posts by Jenifer Franklin

Jenifer nurses a deep passion for any kind of technical or technological happenings all around the globe. She is currently putting up in Los Angeles, CA. Internet is her forte and writing articles on the net for modern day technological wonders is her only hobby.

Source: http://feedproxy.google.com/~r/pc-tablet/~3/zYrQtFi4obk/

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President Obama How High Can the US Debt Go?

House Minority Leader Nancy Pelosi has said the President should use the 14th Amendment of the Constitution to circumvent a?stubborn House of Representative who want to control spending and not raise taxes any more than they already have been.

All this craziness is quite distracting for both sides but there is one question that has not been asked and the Press needs to have the guts to ask it of the President and all the other Congressmen that want to keep deficit spending.

The question for the President is this:

What is the most the US Government can go into debt?

The debt ceiling keeps getting raised but no one says what is the most the US Federal Government can go into debt. ? ?All the great minds on Wall Street and in Washington DC have never answered this question.

Any business or organization knows where its maximum debt limit is. ?Even a private citizen has a debt limit when they go to buy a house. ?Debt to income ration can make or break a house sale.

So if they can figure it out the average Joe why can?t they figure it our for government?

There has to be a limit and the powers to be in Washington know it. ?Have we surpassed it or are we almost there.

Someone needs to ask the President before it is too late.

Source: http://www.mtrmedia.com/2013/01/president-obama-how-high-can-the-us-debt-go/

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Saturday, December 29, 2012

Saturday links: learning hard lessons - Abnormal Returns ...

  • abnormalreturns
  • December 29th, 2012

Investing

Seven lessons from the financial crisis for high net-worth clients.? (Enterprising Investor)

Five reasons the Facebook ($FB) IPO was a blessing in disguise.? (Pando Daily)

Why everyone, including federal investigators, is fascinated with SAC Capital?s Steve Cohen.? (NYTimes)

Technology

How Google ($GOOG) got its iOS apps right.? (TNW)

Social networks are changing the way we relate with others and our past selves.? (Phil Pearlman)

Society

Why don?t we do great stuff any more?? (The Reformed Broker)

On the dangers of yoga for dudes.? (NYTimes)

What constitutes a true craft beer?? (Time)

How backpacks became a must-have accessory for kids of all ages.? (Slate)

Profiles

A profile of Beck.? (Vulture)

How Mitt Romney lost the election.? (Boston Globe)

Robert C. Baker, the father of the chicken nugget.? (Slate)

Philanthropy

The argument for focusing your charitable giving.? (NYTimes)

Philanthropy: you are doing it wrong.? (Felix Salmon)

History

The secret lifesaving legacy of Jack Klugman.? (Wonkblog)

Ben Franklin?s contributions to economics.? (Macrofugue)

Advice

On the link between exercise and the human brain.? (Well)

How to negotiate for anything.? (Quartz)

How to best discipline your kids.? (WSJ)

Mixed media

Dating is a jungle these days: high credit scores need only apply.? (NYTimes)

What can we learn about Germany from the resurgence in German football.? (Quartz)

Are babies born good?? (Smithsonian via @longreads)

Books

An interview with Michael Mauboussin author of The Success Equation: Untangling Skill and Luck in Business, Sports and Investing.? (Simoleon Sense)

What do Nate Silver and Nassim Taleb have to say about forecasting in an increasingly complex society.? (NY Review of Books)

A review of Michael J. Sandel?s What Money Can?t Buy: The Moral Limits of Markets.? (Farnam Street)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. If you click on my Amazon.com links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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Source: http://abnormalreturns.com/saturday-links-learning-hard-lessons/

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Monday, December 17, 2012

After landslide, Abe says Japan has difficult road

Japan's main opposition Liberal Democratic Party leader Shinzo Abe answers a reporter's question at the party headquarters in Tokyo, Sunday night, Dec. 16, 2012. The conservative LDP stormed back to power in parliamentary elections Sunday after three years in opposition, exit polls showed, signaling a rightward shift in the government that could further heighten tensions with rival China. (AP Photo/Junji Kurokawa)

Japan's main opposition Liberal Democratic Party leader Shinzo Abe answers a reporter's question at the party headquarters in Tokyo, Sunday night, Dec. 16, 2012. The conservative LDP stormed back to power in parliamentary elections Sunday after three years in opposition, exit polls showed, signaling a rightward shift in the government that could further heighten tensions with rival China. (AP Photo/Junji Kurokawa)

Japanese Prime Minister Yoshihiko Noda reacts during a press conference after his Democratic Party of Japan made a big loss in parliamentary elections in Tokyo Sunday, Dec. 16, 2012. Noda has resigned as chief of the DPJ to take responsibility for the party's loss in parliamentary elections. The main opposition Liberal Democratic Party won between 275 and 300 seats in the 480-seat lower house of parliament in Sunday's election, NHK exit polls projected. (AP Photo/Itsuo Inouye)

Japan's main opposition leader Shinzo Abe, right, of the Liberal Democratic Party, and the party Secretary-General Shigeru Ishiba pose for photos as they place a rosette on the name of one of those elected in parliamentary elections at the party headquarters in Tokyo Sunday, Dec. 16, 2012. Japan's conservative LDP stormed back to power Sunday after three years in opposition, exit polls showed, signaling a rightward shift in the government that could further heighten tensions with rival China. (AP Photo/Junji Kurokawa)

In this Saturday, Dec. 15, 2012 photo, supporters of Japan's largest opposition Liberal Democratic Party (LDP) gather with national flags during a parliamentary election campaign in Tokyo. Japanese were voting Sunday, Dec. 16 in parliamentary elections that were expected to put the LDP, once-dominant conservatives, back in power after a three-year break ? and bring in a more nationalistic government amid tensions with big neighbor China. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, HONG KONG, JAPAN, SOUTH KOREA AND FRANCE

Japanese Prime Minister Yoshihiko Noda arrives for a press conference after his Democratic Party of Japan made a big loss in parliamentary election in Tokyo Sunday, Dec. 16, 2012. Noda announced his resignation as the DPJ chief. Japan's conservative Liberal Democratic Party returned to power in a landslide election victory Sunday after three years in opposition, exit polls showed, signaling a rightward shift in the government that could further heighten tensions with rival China. The DPJ slogan reads: Making decisions to get things moving. (AP Photo/Itsuo Inouye)

(AP) ? After leading his conservative party to a landslide victory that will bring it back to power after a three-year hiatus, Shinzo Abe stressed Monday that the road ahead will not be easy as he tries to revive Japan's sputtering economy and bolster its national security amid deteriorating relations with China.

The Liberal Democratic Party, which led Japan for most of the post-World War II era until it was dumped as the economy fizzled in 2009, won 294 seats in the 480-seat lower house of parliament in Sunday's nationwide elections, according to media reports. Official results were expected later Monday.

With the elections over, a vote among the members of parliament to install the new prime minister is expected as soon as Dec. 25. Abe, who was prime minister from 2006-2007, is almost certain of winning that vote because the LDP now holds the majority in the lower house.

"We won more seats than even we expected," Abe, 58, said Monday. "We have a very heavy responsibility."

Outgoing Prime Minister Yoshihiko Noda announced his resignation late Sunday, calling the election results "severe" and acknowledging his party failed to live up to the nation's high expectations.

His Democratic Party of Japan reportedly won only 57 seats. Among its casualties were eight Cabinet ministers ? the most lost in an election since World War II.

Economic issues, including plans to raise taxes and other measures to bolster Japan's underperforming economy, were the top concerns among voters.

Abe, who would be Japan's seventh prime minister in 6 1/2 years, will likely push for increased public works spending and lobby for stronger moves by the central bank to break Japan out of its deflationary trap.

Stock prices soared Monday morning to their highest level in more than eight months, reflecting hopes in the business world that the LDP will be more effective in its economic policies than the Democrats were.

Although the election was the first since the March 11, 2011, earthquake, tsunami and nuclear disasters, atomic energy ? which the LDP conditionally supports ? ended up being a side issue, though polls showed that about 80 percent of Japanese want to phase it out completely.

Instead, Abe and his party stressed national security amid an ongoing dispute with China over a group of small uninhabited islands that both nations claim.

That kind of tough talk resonates with some voters who fear their country is falling too far behind China's rising economic and military clout, but it could also deepen a rift between Tokyo and Beijing that has already begun to sour diplomatic ties and trade.

Abe is known as a hawk on China relations ? which could mean more friction with Japan's giant neighbor and key trading partner.

During his previous tenure as prime minister, Abe pursued a nationalistic agenda, pressing for more patriotic education and upgrading the defense agency to ministry status. The LDP wants to revise Japan's pacifist constitution to strengthen its Self-Defense Forces and, breaching a postwar taboo, designate them as a "military."

It also proposes increasing Japan's defense budget and allowing Japanese troops to engage in "collective self-defense" operations with allies that are not directly related to Japan's own defense.

But with the economy in more dire straits, it remains to be seen how Abe will behave this time around.

As the results came in Sunday night, he acknowledged that the outcome of the elections was as much ? if not more ? of a protest against the status quo as it was an endorsement of his party's platform.

The LDP will stick with its longtime partner New Komeito, backed by a large Buddhist organization, to form a coalition government, party officials said. Together, they now control 325 seats, securing a two-thirds majority that would make it easier for the government to pass legislation.

A dizzying array of more than 12 parties, including several news ones, contested, some with vague policy goals. The most significant new force is the right-leaning, populist Japan Restoration Party, which won 54 seats, according to NHK.

The party is led by the bombastic nationalist former Tokyo Gov. Shintaro Ishihara and lawyer-turned Osaka Mayor Toru Hashimoto ? polarizing figures with forceful leadership styles. Ishihara is another hawk on China, having stirred up the latest dispute with Beijing by proposing Tokyo buy the islands from their private Japanese owners and develop them.

The anti-nuclear Tomorrow Party ? formed just three weeks ago ? captured only nine seats, according to NHK. Party head Yukiko Kada said she was very disappointed to see the LDP, the original promoter of Japan's nuclear energy policy, make such a big comeback.

___

Associated Press writers Elaine Kurtenbach, Mari Yamaguchi and Eric Talmadge contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-12-16-Japan-Election/id-32bb675b9f774451863780ceea8ab6ab

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Jay Rogers Local Motors Uses Crowdsourcing - Business Insider

Playboy

Local Motors' Rally Fighter.

Ford has been selling cars for more than a century and is still going strong, especially after an excellent 2012.

But one person in the industry says the mass production model the automaker pioneered is on its last legs.

"Ford was a fad that came for a hundred years," Jay Rogers says, "and now I believe it is going."

Rogers is the head of Local Motors, the 40-employee company that is taking a new approach to designing vehicles: crowdsourcing.

Profiled in Playboy by Neal Gabler, Rogers is a Princeton-educated Marine Corps veteran, and wants to use the online community to design cars for niche markets.

So far, Local Motors has produced one car: the $75,000 Rally Fighter. The street legal ride gets 16 mpg and is made for off-roading. So far, 60 have been sold.

The Rally Fighter was designed by Sangho Kim, an art student in Pasadena, who received $10,000 for creating the design that is now in production. (It uses a Chevy engine.)

It's a ridiculous vehicle that marks a new way of building cars: small-scale, designed by potential customers, and not reliant on massive production facilities that are expensive to change.

Rogers hopes the Rally Fighter will be the first in a line of crowdsourced cars catering to local markets (whence the name Local Motors) ? different rides for Paris, New York, and Boston, among many.

Rogers' business is more flexible than that of large-scale automakers, but he faces other challenges. Among them is the fact that Local Motors must rely on people who are not auto engineers to come up with cars that can be built.

Yet there are successful automakers who build small numbers of cars for niche markets: Rolls-Royce. Bugatti. McLaren. Their business models work because they charge so much for their products, they don't need to sell them in large quantities.

Rogers hope to make cars for the people, by the people, is different, and more difficult to execute. But if it works, it could change the industry.

Source: http://www.businessinsider.com/jay-rogers-local-motors-uses-crowdsourcing-2012-12

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