Breaking into the World of Money

Money talks. Show me the money. Put your money where your mouth is. That’s the money shot. Right on the money! There are countless phrases and idioms in our everyday speech that reference money. This is probably because the culture of our society is so focused on it. Money is often tied into the end goal of the perfect dream house or dream car or luxurious vacation getaways. So it is no surprise that there are several careers, fields, services and companies devoted primarily to money, and making as much of it as possible in as many ways as possible. IPO firms, quarterly snapshots, prime broker services For those in the investment world, terms like these are used regularly. But for those attempting to break onto the scene,

Five Things You Need to Know About Payroll

Staying on top of payroll can be a stressful and time consuming task, especially if it’s all done in-house. If you’re not organized and on top of the task at hand, it can quickly become your business’s worst nightmare. About 60% of small businesses handle their payroll internally, but regardless of the size of a business, establishing a system for company payroll services is crucial to your success. here are a few tips to help manage your payroll. Salaried or Hourly? Most employers prefer to have employees on a salary, as it takes out some of the difficulty of determining how much to pay staff based solely on the amount of time they’re working. However, if you do have hourly employees, it’s essential to have a secure system in place to keep track of the exact number of hours th

3 Ways to Get Out of Debt and Stay Out of Debt

Did you know that the average American family spends 40% more than what they earn? It?s important to understand the state of your finances, and many Americans are realizing that their debt has ballooned to a point where it?s hard to keep up with. In fact, the average household pays over $6,000 in interest alone every year. By getting out of debt, you can reduce your overall spending simply because you won?t have to continue paying interest on money you?ve borrowed. How can you get out of debt — and stay that way? Here are a few suggestions. 1. Start Tracking Your Money In 2016 there?s no excuse for not keeping track of your money. There are numerous apps, pro

The 3 Steps to Small Business Valuation

Small business valuation doesn’t need to be complicated. We’ve broken the small business valuation methods down into 3 key steps to help you successfully and accurately value your business: Determine why you need a business valuation For some this may be a logical place to begin. Small business valuation methods require valuable time and energy to complete; if you don’t have a sound reason for pursuing a small business valuation tool, then that time is probably better spent elsewhere. While this may be true, there is an even more important reason to beginning with the question of why you need business valuation: your business valuation results are directly influenced by

Wondering Why Invest in REITs? Here are 5 Opinions To Consider

“What are REITs? Real estate investment trusts (‘REITs’) allow individuals to invest in large-scale, income-producing real estate. A REIT is a company that owns and typically operates income-producing real estate or related assets.” Or, so says the U.S. Securities and Exchange Commission, better known as the SEC. Prior to the housing crisis, there was an almost biblical belief that real estate prices would always rise. And although that belief has since been shaken for obvious reasons, REITs and real estate in general remain hugely popular. So why invest in REITs in 2016? What the SEC Says: “REITs provide a way for individual investors to earn a share o

How Prime Brokers Make Their Decisions

What is Prime Brokerage? When a package of services are offered by an investment bank or security firm to a hedge fund or other types of investors it is called prime brokerage. This usually happens when investors need to borrow securities or cash in order to invest in something that will guarantee a return. The prime broker is the bank that will lend the money and they usually do so by securing collateral from the investors, in case something falls through. What is Included in the Service Package? While each prime broker will have their own way of doing this, typically speaking, the following is included in the prime brokerage package: Global custody which includes the