All Posts in "Financial Statements"

The Pros And Cons Of Working With An EOR (Employer Of Record)

Are you planning to expand your business overseas? If you are currently eyeing up global expansion, you have come to the right place. An EOR or Employer of Record is a great option for you under such circumstances. Rather than having to deal with all the bureaucracy and associated hassles in your target market, you can instantly tap into international markets as well as workforces with the assistance of an already-established local partner. That way, you will still retain control of operations in the new territory.

If you are looking for a USA EOR then please look no further than TopSource Worldwide.

Pros of working with an Employer of Record

. You can access international markets very quickly – You can hire staff anywhere in the world without registering a subsidiary in that particular country. It helps grow your company faster. In fact, using the services of an EOR is … READ MORE ...

Jonathan Tucker by — January 19, 2023 in Financial Statements
Dev Gadhvi Helped Me –  As A Mentor And Mastermind Of Passionpreneurs

We are all aware that thousands of people are struggling and had been trying to work harder due to their unending financial obligations. Indeed they are all working but it seems that their income is not enough to support the whole family so they are looking for solutions that can somehow uplift their lifestyles. Many of them tried looking for second jobs and some of them learned about a passionpreneur and grabbed the opportunity to learn how they can turn their miserable life into a success.

Some of these people took the risk and left their jobs because they trust Mr. Dev Gadhvi who is a businessman and whose goal is to help them achieve their dreams to become successful like him. These individuals who got motivated and inspired by him say that “Dev Gadhvi helped me” and are proud of following his ideas on how they can … READ MORE ...

Jonathan Tucker by — September 27, 2022 in Financial Statements
Reduce the Advertising Costs with These Simple Tips

Advertising does bring enough attention to the brand, but it should also help in conversions to earn profits for the firm. Many big companies invest thousands of dollars in advertising their product. And even if it doesn’t go as planned, they always have backup plans to cover the costs.

However, it is not the same with small scale or budget businesses. One of the efficient ways to run a business is by cutting the costs of advertisements. Then, how to expand the brand’s identity without compromising quality? Here are some tips that can help!

Set the right goals!

Every marketing strategy begins with a plan, and the plannings begin with identifying goals & setting targets. Constructing a plan allows you to see the probabilities of going right and wrong. So, get your team to a brainstorming session and create a layout of a basic outline.

If it is something you’ve … READ MORE ...

Jonathan Tucker by — May 26, 2022 in Financial Statements
Suggestions For Avoiding Failure As A Start-Up Tiny Company

Most compact corporations fail inside the first couple of years. That is just a cold challenging reality. To prevent becoming among them here are some tricks to take into consideration…

Numerous emerging entrepreneurs make the mistake of not being precise sufficient in choosing a target market place. They assume they will be turning away potential shoppers if their solutions will not be broad enough. This also implies that their vision in marketing and advertising is too broad and clouded. Lacking a specialty can come off as a lack of commitment or lack of experience in any provided service supplied. You do not want to be a jack of all trades, master of none.

Once “positioning” has been determined, I identified that lots of individuals make the mistake of taking on each client and chance that comes their way. Instead, they must be focusing on customers that they will be content … READ MORE ...

Jonathan Tucker by — July 15, 2020 in Financial Statements
Can Going Green Make Your Small Business Lean?

We small business owners have a lot on our plates, but as the linchpin of your small business, the struggle to make a success of it can keep your horizons fairly limited at times. The time commitment needed to keep the cogs of your business running smoothly can be significant. And when you’re not wrapped up in the day-to-day workload, there are always a thousand and one little matters that need sorting out – from filing tax returns, to supplier hassles, to keeping staff happy. So it’s not surprising that, for many ongoing small businesses, the environmental issues surrounding their activities can seem like so much fluff.

Can Going Green Affect the Bottom Line?

After all – since when has going green affected your bottom line? That thought process certainly makes sense, when your horizons are narrowed – but the fact that such considerations are kept off your radar, by … READ MORE ...

Jonathan Tucker by — October 14, 2019 in Financial Statements

Capital, Skills, and Personal Interest - A Perfect Recipe for a Business
image source

One quotes says, ‘the road to success begins with a failure!’ That is true indeed. Hardships, failure, troubles, are all there, but the one who has the courage and desire to confront those hardships is the one who reaches the top eventually. Starting a business is not easy at all, but is not very difficult either. All you need is to gather in some capital, your skill set, and most importantly, your personal interest. Bang! You’ve got your own business!

Feed with Capital

It is said that communication is the lifeblood of an organization. Applying it in business, it won’t be wrong saying that capital is the lifeblood of a business. It is important to raise a myth regarding capital investment. It is a common assumption that a business can only be started with load and loads of money, or else it would remain no more than a … READ MORE ...

Jonathan Tucker by — June 10, 2019 in Financial Statements

Getting cash by using a car title is always a viable way to get cash quickly and easily. Once your financial need is sorted, you are left with the responsibility of repaying the loan as per the terms and conditions and thus get back the title. To have it smooth, you need to follow keenly and make sure the debt is paid on time. Immediately you finish repaying, the company will remove the lien on the title and thus you can get it back.

After you’ve cleared the loan, how do you reclaim your car title?

Review the terms of the loan

After full payment of the loan, the lien over your car title is removed. This process is spelled out in the loan agreement. You need to carefully read this legal document and find out what you need to do to get back your car title.

Payback the car

… READ MORE ...
Jonathan Tucker by — November 15, 2018 in Financial Statements

Fixed assets would be the long-term things the business owns which the small business has acquired and uses to generate company over a number of years. Fixed assets consist of tangible things like land and buildings, plant and machinery, fixtures and fittings, cars and computers.

The numerical worth of the fixed assets shown inside the balance sheet represents the original price of those things less the amount that has written off as accumulated depreciation. Depreciation is definitely the quantity that management has decided to reduce the net worth with the assets as those assets are employed and also serves to put apart from the declared management profits that quantity which would frequently be needed at some future date to replace those assets.

Fixed assets contain a category known as intangible assets. An intangible asset is really a long-term acquisition by the business that may not be a physical item. Intangible … READ MORE ...

Jonathan Tucker by — May 28, 2018 in Financial Statements