Financial

These Personality Traits Might Serve You Well As a CPA
Company Business

These Personality Traits Might Serve You Well As a CPA

- by Benny McAdams

Though the stereotypical bookkeeper might be shy and reserved, the true nature of a certified public accountant cannot be adequately explored through such a narrow lens. Keep reading for some signs you might be focused on the right line of work.

The Peacekeeper

A great accountant will be able to serve as a mediator beyond the scope of the United CPA Association or another related group. In reality, any pro in this field will be comfortable consulting with an array of clients facing any number of challenges on a given day. Those who are regularly called on by friends and family members to act as a mediator might be a natural fit as a CPA.

The Fastidious One

Another great trait of the best accountants is a close eye for detail. People who regularly check the small print and recommend others to do the same could easily translate that skill to the workplace in this line of work.

The Consoling Force

In addition to simply getting the job done and setting the tone for a fair resolution, many clients need someone to guide them through a tumultuous situation. The right CPA is equipped to do exactly that.
Becoming a CPA …

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Renting Event Venues for Office Meetings, Why Not?
Company Business

Renting Event Venues for Office Meetings, Why Not?

- by Benny McAdams

Almost every company always holds a meeting in their office, always almost in the same meeting room. Holding a meeting in their own office building is indeed more practical and saving time. However, occasional meetings also need to be held outside the office such as renting family dining in Helensburgh as a meeting place. The following are reasons why meetings need to be held outside the office.

1.   Grow Up Creative Ideas and Solutions

Renting Event Venues for Office Meetings, Why Not?

One of the things that can inhibit creativity is to do the same thing in the same space repeatedly. So holding a meeting in the same room many times will make the meeting participants feel bored and unable to think creatively and finding new solutions. If you don’t want to happen, keep your employees and colleagues away from the narrow and walled white conference room.

But when the meeting is conducted, of course, the meeting participants cannot move from their seats to refresh their minds so the solutions are to hold meetings outside the office. Holding meetings at the venue will help them to think creatively, find solutions and create new ideas.

2. Increase Focus and Productivity

Neatly lined computers, tables that filled with stacks of …

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How are Mutual Fund Investments Taxed?
Company Business

How are Mutual Fund Investments Taxed?

- by Benny McAdams

There are many ways of investing money in the capital market. One way is to place your money in mutual funds. Mutual fund investors receive dividends on the fund units that they hold. They may also earn a profit when the value of their holdings appreciates, leading to capital gains. The difference between your initial buying price and your selling price is your capital gain.

There are two categories of capital gains based on how long you stay invested: short-term capital gains (STCG) and long-term capital gains (LTCG). Both of these categories are taxable. The mutual fund tax rates are determined by the type of fund and the holding duration. When it comes to equities, a holding period of less than a year is short term and that exceeding a year is long term. In case of debt funds, a holding duration of up to three years is considered short term, whereas durations beyond three years are long term.

Mutual fund tax on capital gains

Let’s look at the tax rates for capital gains from mutual funds. India imposes different taxes for equity and debt funds.

Equity funds:

STCG is taxable at 15%.

LTCG of up to Rs 1 …

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Can You Boost Your Company's Business?
Company Business

Can You Boost Your Company’s Business?

- by Benny McAdams
Can You Boost Your Company's Business?
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Whether you are the CEO or the Mail person, the company can benefit by your input. Your input is what you think can grow the company. It doesn’t matter whether the company deals in physical products or something like computer programs or music or whatever.

Ideas of yesterday became the inventions of today. Everything starts with an idea. Anyone in the company can come up with ideas for the company. Computers, copy machines, cell phones and on and on were not here 50 or so years ago. The things we see today will have a different look or be gone altogether tomorrow.

Businesses that except new ideas today will lead the way. Ideas or inventions from their own workforce or from outside will give a company the edge in the future.

As an analogy: let’s look at a town where the city fathers don’t want any new businesses into town. They are very comfortable with status quot. Everything will go along fine for a while. As the kids start moving away because there is no jobs for them, the town starts to decline.

A business that does not accept new ideas is doomed. Unless you are providing food …

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