Affiliate Marketing Technological Aspects

Since affiliate marketing is operated through website utilization with the help of internet connection, this industry entails various aspects of technology. Technology within the system or software apps are hardly needed to be able to run this business. Moreover, incorporating technology is also a way to build your business finance the right way. Below are some of the technological aspects that have great impact on affiliate marketing industry.

Affiliate Tracking

Commonly, this technological aspect is offered by committed solutions provider. However, an affiliate network provides this tracking system to large group of affiliate programs. There are even committed marketers who contribute, while some retailers are using their built-in solutions. Examples of it are the Amazon.com and Affiliate Institute where reviews are all good and even Deadline News mentions Affiliate Institute lately.

Affiliate cookies

Mostly, cookies are benevolent and harmless. It should not have sensible information. However, cookies are often blocked by most software like the privacy or the antivirus software.

Cookies generally monitor lots of transactions with affiliate marketing industry. Looking back, Amazon was the first affiliate program that used cookies.

Flash cookies

In order to avoid the blockage issues of cookies, the Flashed-based tracking (Adobe) was created. This tracking system utilizes the internal storage to carry out the same function to cookies. However, keep in mind that Flash cookies are more difficult to delete compared to the ordinary cookies. Moreover, the Flash cookies are prone to instill problems concerning the browsers. In case they are not capable of displaying the Flash, it simply means that they can destroy the process of the affiliate link.

HTTP e-tag

The implementation of e-tag is grouped via the tracking approach system. Initially, it was the cookies, then the Adobe Flash Cookies, and the e-tag. Basically, e-tag is a set of data recorded in the cache of the web browser. It is commonly used by most of the affiliate networks and tracking systems nowadays.

IP address

One way to determine you via the online system is through your IP address. There are instances that many locations or ISP partake on similar IP address utilizing different units. This simply means that it is not as safe as it is. However, as an alternative and helpful backup, this one can be beneficial. In the case of affiliate tracking, IP addresses do not act to allocate commissions. Instead, its purpose is to identify frauds and non-compliant behavior.

Residual tracking

This tracking mode permits affiliates to make commission over a long time period. Another way could be by producing constant relationship among client and their affiliate. The good thing about residual tracking is that it do not depend on cookies and any other tracking system.

Promotion specific tracking

Affiliate tracking using this mode is through offering of exclusive promotions and deals. But, these kind of promotions are applicable on just one partner. That’s why it is advisable to distribute every campaign activities to the affiliate partner. To do this, affiliate networks should be tracked.

Intel Commits to Helping Bridge Race And Gender Wage Gaps by Providing Equal-Pay Advocates with Data

In a radical move to set itself apart from other big tech companies, Intel announced plans of releasing pay data, which advocates for equal pay, can use when looking deeper at race and gender wage gaps in the tech industry.

The announcement came after Bloomberg reported that the U.S. Equal Employment Opportunity Commission (EEOC) will make it a requirement for business organizations with more than 100 employees, to file pay data. Since the requirement does not make it obligatory for businesses to publish the related information, Intel announced said it will release the pay data to allow public examination.

Although Intel’s announcement also brought into focus the company’s own issues about pay discrimination accusations by female, black, Hispanic Intel employees in various states.

Yet the Department of Labor made it known that Intel had already agreed to pay $5 million to settle the pay-inequality accusations. According to the report published by the Department of Labor, $3.5 million will apply as back pay settlement, while the remaining $1.5 million has been alloted for pay-adjustments of Intel’s engineers.

At the moment, Intel has not made any comment on when such data will be released, as Bloombeg also reported that the EEOC, may yet change its decision to require businesses to file the data in 2020.

About the Race Gender Wage Gap Issue in the U.S.

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The Race Gender Wage Gap issue in the U.S. has become more pronounced than ever. Equal-pay advocates have established the fact that for over a period of 15 years, from 2001 to 2015, the earnings of female workers were only 49 percent of male workers; indicating that there is a 51% wage gap between male and female employees.

White female employees earn only 81.5% of the amount paid as wages to white male employees.

In the U.S. female workers of all major racial and ethnic categories earn less than men belonging to the same categories; suggesting that they also earn less pay than white male workers.

Race and gender wage gap for Asian women though is not as wide as compared to other female workers under different race categories. Asian women rank high in comparisons, since their median weekly earnings represent 93.5% of white male employees’ median earnings per week. Still, when compared to their Asian male counterparts, their median earnings for a week’s work is only 75.5%.

When compared by race categories, the weekly median earnings of Hispanic workers are the lowest versus any race and gender categories; whether white, Asian, or black female and male workers. In 2018, Hispanic women earned $617 weekly for full-time work. The amount is only 61.6 percent of the wages earned weekly by white male workers as median weekly salary. When compared to median weekly earnings of Hispanic male employees, Hispanic women’s weekly earnings represent only 85.7 percent of their male Hispanic counterparts.

In the same way, there is a wage gap between Hispanic and black female workers, with the latter earning $654 as median weekly compensation. Still, the amount earned by female black women per week, represents only 65.3 percent of what white male workers earn as weekly median pays. Wage gap still exists between black male and female workers, as the median weekly salary earned by black women is only 89% of the median weekly earnings received by black male employees.

Making Technology Adoption Part of a Senior’s Preparations for the Golden Years

Technology adoption is getting recognition as part of a senior adult’s preparation for the golden years. Baby boomers coming of age as present and future retirees are lucky, because they will be retreating into a world enhanced with technological advancements. Many innovators in technology have in fact devised gadgets and applications that aim to assist and empower senior citizens to independently manage life in retirement.

Becoming digitally connected has become a norm even among older adults. However, a 2017 Pew Research reported that smartphone use tends to drop significantly among seniors in their mid-70s and over. About 31% of retirees aged 75 to 79 years still own and use smartphones. The percentage drops to 17% among those aged 80 and beyond.

Since the UK government is planning to push retirement age to age 75 in the next 15 years, technology use during that period will become more important than ever. After all, that would be the stage when health and wellness issues become more pronounced.

There are now technological innovations that can help retired seniors manage typical old-age problems; such as lack of mobility, loss of memory, vision and/or hearing impairment as well as despondency. Although assistance from senior caregivers are often provided, adeptness in using basic technology when advancing to one’s sunset years will prove to be most helpful.

Ways Technology Adoption Can Help Senior Adults

Simple things such as sharing of medical data between senior patients and their health care provider through the Internet of Medical Things (IoMT), can address mobility issues that prevent seniors from seeking medical consultations.

Know-how in using smartphone applications can also help seniors live life in comfort during retirement. With or without caregiver assistance, older adults can monitor their medication, as well as their heart rate with the help of a phone app. In some cases, sudden memory loss may leave a retired adult stranded in an unfamiliar location. In knowing that family members or caregivers can track his or her whereabouts through a phone app, a lost senior will have no reason to experience pangs of anxiety attacks.

Basic smartphone features such as GPS and cameras prove useful in collecting and transmitting information vital to senior care. However, the costs of such gadgets and applications may not be as affordable to senior adults with minimal retirement money on hand. Some though managed to raise money by taking out loans through home equity schemes.

What is a Home Equity Release Facility

A home equity release facility is a type of loan available to older homeowners who are at least age 55. Based on the age of the borrower and the value of the owned property, a percentage of the equity value may be borrowed without having to worry about burdensome monthly payments. Settlement of the loan will come in due time, either when the senior borrower passes away, or when it becomes necessary for him or her to enter a nursing home.

Money that will be used as payment for the total amount due will come from the sale of the property. Any excess, between the proceeds of the sale and the home equity debt, will then form part of the estate that the senior borrower left behind to his beneficiaries or heirs. In the UK, a no-negative equity release guarantee, protects a borrower’s family from ending up with unpaid debts arising from a home equity mortgage.

A web tool called equity release calculator online can be used to determine the value of the amount that can be borrowed against a home equity.

Trading Through Decentralized Crypto Exchanges – It’s Benefits

How does one get into crypto and how can it be converted back to fiat? Answering these would be reliant on the needed or preferred currency, regulations that are location-specific as well as the exchange you plan to trade on. But, one option is to withdraw from Binance. Binance was established in 2017 and since then have become one of the biggest crypto exchanges in the globe. It frequently is commended for its low trading fees as well as its extensive range of available coins on the exchange.

A popular approach to trade cryptocurrencies is through decentralized exchanges as they are without the restrictions of bigger platforms that are centralized. This means that such exchange platforms permit users to buy and sell from each other crypto coins with no involvement or connection with a third-party or a middleman.

Advantages of Decentralized Crypto Exchange

Before users can trade, every decentralized crypto exchanges necessitate users to register or sign up for an account, but as soon as they do, they could almost instantly itemize cryptocurrencies to sell and/or buy other’s.

Many make use of a decentralize cryptocurrency exchange because of its advantages. Below are some:

Servers are Decentralized

Numerous decentralized crypto exchanges are hosted on servers that are decentralized as well. This denotes that each server isn’t fixed or positioned in only one location, instead they are spread out across the globe. Several servers could even be really and greatly decentralized by means of merely existing in the cloud. This manner of hosting could make exchanges much tougher to hack compared to exchanges that are hosted the traditional way.  As a result, the funds as well as data of users are more protected and secured.

Isn’t Restricted by Law

Since it isn’t restricted to be situated in a single physical spot, decentralized exchanges are considerably difficult to regulate or shut down. For users of cryptocoins residing in places where digital currencies are prohibited, this could be good news.

Added Privacy

Prior to be able to start trading, majority of decentralized exchanges do have need of an account creation. They allow users to create an account with whatever name they want with an approval process that’s little to none. This could undeniably be a disadvantage for governments as well as the sector of finance, however this feature is turning out to be more appealing to and favored by users who feel strongly about their privacy. Centralized exchanges also requires users to register but need to confirm the identity of the user by asking them to provide a number of government issued IDs.

Ownership and Responsibility

Every crypto funds stored in centralized exchanges are set on their exchanges wherein it could possibly put them susceptible and at risk to hackers. In contrast, cryptocurrencies in decentralized exchanges are frequently given ownership and responsibility to their users as they basically function as a platform for p2p trading.

Financial Literacy And How Technology Aids To It

In an industry where everything is fastly becoming, and every aspect moves as quick as a snap, it becomes very important for everyone especially the Millenials, to know how things work and how to adapt on these things to make their time more efficient and relevant.

Acquiring Financial Literacy The Easy Way

One of the many things to consider and have today is financial literacy, this is a very essential part of knowledge that makes a person wiser on financial values, industry, and how to go about in saving and future investments. There was a time when people who have this are those that have finished studies already and are getting into the more “adult” part of life, but today, even a 6th grader should acquire at least the basics of the financial aspect.

In making this possible and working, technology and how it works in our everyday lives plays a huge role. Since technology can cater to everyone, and almost everybody has access to it, it is very wise to use this in our advantage in teaching ourselves regarding financial literacy like topics under bad credit business loans by FORA Financial.

With technology comes the birth of applications that cater to online banking and financing making this strenuous process easier with visual guidelines that assist beginners on how to do certain things, which can be very confusing for first-timers who will be doing it personally on physical banks. Also, e-books about finance already exist, and some are even free so getting basic knowledge and financial techniques become easier than ever.

Lastly, applications that guide and help you to do the simple saving is up on platforms, reminding you to save, teaching you how to make saving easy, and making sure that you have a long-term goal for the money you are saving up.

Plus Token Sold Off $3 Billion-Worth Digital Money Placed by 10 Million Cryptocurrency Owners

Plus Token, a blockchain based mobile wallet company operated by Chinese nationals was able to entice about 10 million cryptocurrency users to store their digital money in the company, by promising them high yields of interests. Although blockchain reviewers voiced doubts about Plus Token as a legit cryptocurrency operator, the ewallet site was able to gain the trust of cryptocurrency users, which numbered to as many as 10 million Plus Token members by July 2019.

Unknown to the millions of members, Plus Token was into a Ponzi-like scheme of paying dividends using digital money coming from new cryptocurrency investors.However in July of this year, Primitive Ventures, another blockchain-based company owned by Dovey Wan took notice of the ongoing mass sell-off being carried out by the fraudulent Chinese company.

Ms. Wan alerted players in the cryptocurrency ecosystem by sending out tweets about the Plus Token mass sell-offs. She called on other cryptocurrency exchange operators to blacklist the company. According to Ms. Wan, Plus Token still has control of a large amount of cryptocurrency which it still intends to dump and launder using various digital wallets linked to Plus Token.

In order to hasten preventive actions, Ms. Wan attached investigative data gathered by Peckshield, a security audit firm and the e-wallet addresses associated with Plus Token. The Peckshield report showed how real money flowed from PlusToken to the questionabl e-wallets early in July, the same time when Plus Token started dumping the digital money entrusted to the company by millions of cryptocurrency owners.

In a recent oped written by Ms. Wan for Coingraph, she reported that Chinese authorities have already hunted down the core team running the Plus Token cryptocurrency Ponzi scheme. Six of the Plus Token Chinese nationals were extradited to mainland China by Vanuatu, an island country located in the South Pacific.

Crypto Analytics Firm Explains How Plus Token Navigated the Sell-Off

London-based crypto-analytic firm Token Analyst said Plus Token did not sell off cryptocurrencies directly to exchange and trading sites. Instead, the fraudulent company used online mixing services to obscure the origins of the blockchain transactions, before they eventually reached the e-wallet addresses owned by Plus Token.

What Do Online Mixing Services Do in the Cryptocurrency System?

Although using cryptocurrencies allows users to hide their identity when using digital money for peer-to-peer and other online transactions, there is still a database in which comprehensive information about cryptocurrency transactions are stored. Keep in mind that cryptocurrency transactions require the real identity of the owner, but are kept confidential when recorded as blockchain entries through the use of key codes.

Each movement of a specific amount of cryptocurrency, indicates all keycodes involved in a chain of cryptocurrency encryptions that recorded the transfers of digital money. Anyone who would be interested in knowing the true identity of a cryptocurrency source can simply trace it through the related blockchain database.

This is where online mixing services play an important role. The services they offer involve mixing their customer’s cryptocurrency funds with cryptocurrency funds owned by other people. That way, the trail leading back to the original owner of the digital money will be obscured.

The Unceasing Growth And Development Of Financial Technology

Whether its shopping for new clothes, buying a meal or coffee at your local café, or taking out a loan on lending platforms like www.xn--forbruksln-95a.com/, financial technology or popularly known as fintech is now universally used.

Fintech has been utilized and applied onto numerous of the latest developments in technology such as payment applications or gateways, lending platforms as well as digital currency.

Merging the newest developments in tech with financial applications and services, fintech has aided and assisted many companies and businesses to provide and deliver financial services that are better and more reliable to consumers and other businesses and companies as well.

What is Fintech?

A portmanteau of the words financial and technology, fintech is utilized to describe an industry incorporating and embracing the use of any form of technology for financial services or management, including applications for mobile payment, peer-to-peer platforms, insurance and investment as well as cryptocurrency to name some.

Fintech, in general, refers to any business or company making use of the internet, computer, mobile or other electronic devices, cloud or software technology to connect and carry out any financial services. Numerous products on fintech are intended to connect the finances of consumers with technology for convenience and ease of use and access, though the word is applied to technologies in the B2B sector as well.

Initially described as technology used in the back-end systems of financial institutions like banks, fintech are now more focused on the consumer. At present, because of the developments in fintech, managing finances, trading in stocks, paying for commodities via this technology is now possible.   

As per data from 2016, individuals utilize one to three applications to manage their funds. And as per CNBC, in 2017 alone, investments on fintech shoot up to 18%.

Fintech also cater to the estimated 2 billion individuals without bank accounts globally by providing a smart alternative to take part in financial services that don’t need any brick-and-mortar. Through technology that is user-friendly, fintech then allows consumers to access directly their financial lives.

How is Fintech Used?

So how is fintech used? Here are few examples:

Platforms for Crowdfunding

Crowdfunding platforms permit users to either receive or send money to others. Moreover, these crowdfunding have given businesses as well as individuals to pool finance from a multiplicity of sources in the same platform. Rather than taking out a loan from a bank the traditional way, it is nowadays possible to directly reach out to investors for funding of a project or venture.

Mobile Payments

This generally refers to payment services done over a smartphone or mobile device and works under financial regulation. As an alternative to cash, credit cards or cheque, consumers could now make use of technologies on mobile payments to pay for an extensive array of services as well as commodities.

Budgeting Applications

In 2019, the most widely used fintech technology that consumers use is budgeting apps wherein over the years has exponentially increased in popularity. There was a time when consumers had to make their own outline and template to manage and keep track of their finance. With fintech developing tools and apps for budgeting, with fintech, consumers could now effortlessly as well as efficiently manage and monitor their income, expenses and savings.  

Smart Ways to Get Out of Your Debt

In the current state of the economy, going to banks or even private companies to apply for a loan is just difficult. This is due to the reason that jobs aren’t safe and thus, lenders don’t have guarantees that they could get their money back from the people who they will approve the loan. Furthermore, many of these institutions went bust several years ago when countries were struck by recession. It’s for the reason that most of the lenders defaulted their loans. With this in mind, they’ve modified their lending policies and thresholds were increased.

This has created a chain reaction in the economy. And there are deceitful lending companies that have taken advantage of the situation. Such companies prey on the weak and desperate lenders by charging them above the normal interests.

Some companies even have APR of 4000 percent which is just absurd!

But don’t fret. The reputation of the industry may be tarnished but not everyone is like the abovementioned. Banks have become more responsible which is great in the long run. If you’re trying to get a mortgage or loan, you definitely should read the entire content of this article on how you can pick the right company or bank – that will lend you money you need.

Think You got a Good Deal? Nah…

Say that you went to a company situated on high street and asked for money, and they’ve given it without checking your credit rating or even taking a glimpse on your pay slip, then it should serve as a red flag. Most likely, they have high APR and they’re not implementing responsible lending. You may find it advantageous on your end. But what you are doing is putting you in a risky situation. Are you really that prepared to face the consequences?

You’re only trapping yourself in a cycle of debt as you’re lending money from them in order to pay something else and then, you’ll need to lend money from somewhere else in order to repay them. This is a vortex you don’t want to find yourself in. Better yet, talk to respected and trustworthy lenders like Zebra Loans.

It’s for Your Own Good, Financially

Banks may be picky by asking too much information on your end from:

  • Credit score
  • Contact information
  • Employment status
  • Financial data

These are only few of the information that will be asked from you but this is for your own good. They have this responsibility of ensuring that you have the ability of paying monthly or else, you’ll drown in debts. Better to follow the correct process than bypassing it and face serious consequences in the end.

Building Your Business Finance the Right Way

If you are a landlord and renting your property, eventually your business will grow. When such thing happens, you have to seek for reliable property management software. This can provide assistance to have in-depth financial info which can drive your business to continuing success. Unlike if you are going to do everything on your own – it will definitely consume a great amount of your time and energy. Not to mention, if you are clueless with what you are doing, you may just mess it up and get loss whether you are making profits or not.

You just have to Work Smart

These days it is a lot more important for property managers to make use of the same kind of web-based property management tool. Now, more pressure is put forth on finding rent paying and reliable tenants with the probability of the increased need for tenant debt collections. Not to mention, the threat of tenant-landlord litigation.

No matter if you have a keen eye of the market, the need to perform screening on your prospective and new tenants must always be a top priority.

There are several things that must be checked from the tenant whether they use wholesale tradelines try personaltradelines.com, have they good pay record from their past landlord, what about their credit rating, can they pay the rent on a monthly basis etc.

Why would You make it Hard for Yourself if You can make it Simpler?

Fortunately, you don’t have to go through all these things. There are services over the internet that does tenant credit screening. These services perform the things that you were supposed to do. It is these services that will be checking the criminal background and credit history of the person in a matter of minutes. Also, with an integrated system in place, tenant screening info is downloaded automatically to your residential property management database. With this info on hand, you can do a quick review of the tenant’s payment history, proper maintenance history and everything in between.

All of this helps big time in coming up with smart and strategic decisions with your lease management.

Clever Way of Running Your Business

By means of providing your tenants with rent payment options online like credit cards or ACH, it can lower your delinquencies. Furthermore, it can also keep your rental income at top level. Through integrated rental property management software, accounting errors, performing data entry and doing trips to and from the bank can be significantly reduced.

Understanding How Blockchain Technology Makes the Use of Virtual Money Possible

Blockchain technology is a method that makes it possible for Internet users, to send and/or receive money without need to use a third party infrastructure. Using a specific blockchain application and by way of cryptography, money remains confidential and virtual for as long as transfers are made and recorded in the open ledger of a blockchain platform.

 

 

The blockchain platform supplies the “private key” or the verification code needed by each transacting party, either as a cryptocurrency sender or recipient. Without a private key, the cryptocurrency cannot be transferred or recorded in the blockchain ledger. The inclusion of a private key encryption therefore, renders the cryptocurrency transaction valid.

Correlated to the “private key” is the “public key,” the latter being the open cryptographic message generated by the blockchain application to identify every cryptocurrency transactions recorded in its blockchain ledger. A blockchain cryptograph entry therefore represents the public key and a valid private key.

How the Blockchain Platform Records and Links All Related Cryptocurrency Data

The blockchain ledger is open as it allows verification of transactions as they occur.

A specific blockchain recording, starts by linking the origin of the cryptocurrency in use. The original cryptocurrency transaction may be related to the purchase of the virtual money for a specific value using actual cash. The virtual money may have originated from a cryptocurrency exchange platform or cryptocurrency wallet provider.

Another origin of a specific cryptocurrency is when a miner earns it by solving all transactions connected in a particular blockchain ledger.

In both cases, a public key to identify the original transaction is generated, while the procurer or miner receiving the cryptocurrency will obtain a “private key.” If a portion or all of the original cryptocurrency received will be sent to another blockchain platform user, the private key encryption of the new owner will be recorded in the blockchain ledger.

The new recipient will likewise receive his or her own “private key,” as it gives the recipient valid authority to use the cryptocurrency for his or her own blockchain transaction.

In every blockchain transaction, the public key identifying the cryptocurrency transaction must come with a corresponding “private key,” to allow confirmation that the transaction is connected to a particular series of blockchain entries.

A cryptocurrency may be in bitcoin denomination or any other type, classified as alternative coins to the widely used bitcoin. Some examples of alternative coins or altcoins are Ethereum,Litecoin, Ripple, Dash and Cardano.

How to Convert Cryptocurrency into Actual Cash?

Still using cryptography, virtual money or cryptocurrency can be converted back into actual cash through a cryptocurrency exchange platform. The platform may be one that belongs to a third party cryptocurrency broker or a peer-peer network of cryptocurrency users.

The commutation of virtual currency into actual cash will again be recorded as a related part of the series of blockchain transactions; tying it up to the initial blockchain entry identifying the method of how the cryptocurrency was obtained. Once the public key and the private key has been verified through the blockchain platform, actual exchange of cryptocurrency into cash will be allowed to take place.

Knowing if a Mobile Application is Worth to Invest

Android, Apps, Launcher, Applications, Cellphone

When it comes to investment, many things come to our minds such as cars, condo, stocks and many more. This is because investment is such a big word. If you search the internet and look for the definition of the term investment, you will find that “An investment is an asset or item acquired with the goal of generating income or appreciation. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth“.  If you think that only those who have plenty of money can invest, then you are wrong. People can invest on cars and homes, for example, if they apply for a loan. There are a lot of institutions and bank that offer loans which is why it is important to vertaa lainoja and determine which loan is perfect for you. If you would want a loan to make a dream come true or combine existing loans, Zmarta compares loan offers for you so you can choose the right loan offer from their banks and institutions. You may also  ant to check out their Loan Calculator and find the right loan for you depending on your plans as well as financial capacity. 

It is not only through stocks, cars, and condo you can invest your money. Because of the technology advancement, a lot of people are investing on mobile applications. But of course, if an idea about an app is presented to you, you must make sure that it is a perfect app idea that is worth to invest.

To help you assess whether the idea is worth to invest, below are some questions which need to be answered in order to see if the creation will reach the investor’s expectation.

1. Is there a great demand from the market? How about the competition? 

Of course you need to know whether an app like the one your are planning to invest to has similar features in the app store. You can look at the app store, crunch base, and mobile action.

2. How Do Others Feel About the Idea? 

Good opportunities to meet people interested in mobile solutions are provided by social media networks and all kinds of tech events.

3. How Big is the Interest?

There are a lot cases when a new invention will fortunately start as a big hit to the industry but after a short period, there will be a sudden decrease of interest from the users.

Knowing Which Tax Filing Method is Best Suitable in Your Situation: Tax Software or Tax Pro

In the present times, there are a lot of ways of making our lives easier and faster. If you are a freelancer, or you have one job, then probably you have been hiring an accountant, enrolled agent or a paid preparer such as Tucson personal tax preparer for them to process your tax return. Some preferred a tax preparer since tax law is constantly changing and not all can stay updated to the current and latest laws. Tucson personal tax preparers are knowledgeable enough to file for your personal taxes easier as well as getting the most out of your tax return. However, this is not always the case. Maybe you know someone who preferred using a tax software or an online app where in some cases, you can even combine these two and change from your desktop to a mobile. It also has its benefits such as accessibility and less costly. The question is, which method is preferable to use? hiring a tax pro or using a tax software?

Tax Software is Not as Reliable as You Think it is 

“A common misconception or incorrect assumption is that tax software will automatically prepare a correct tax return, but that’s only if the preparer understands their tax documents and their tax status. Tax software is great, as long as you enter the right info. However, it’s relying on you to be the tax expert.”

– Randall Brody, enrolled agent (IRS expert)

Most people think that it will be way efficient and less costly to just use a tax software because they see it as a safe-way to file their taxes. But Randall brought out a good point that you still need to be a professional preparer because you will be the one filling up the required details in order to come up with an accurate tax return.

So does that make hiring a tax pro as the best option? the truth is, the preparation method depends on your situation. Below are some factors to consider in deciding which one to choose:

  • Fresh Graduate Students – they are just starting to explore which career path to take. Hence, there is no need yet for a tax pro.
  • Freelancers having Steady Income– a professional tax preparer is best for this group of taxpayer since they are already like those employees with regular salaries. However, if the freelancing is more of a side job, tax software will work fine.
  • Business owners- if you are an owner of a business, then it is better to hire a professional because the tax return is more complicated.

As you can see, there is no right or wrong way of filing taxes. It depends on you which method will best suit in your situation. Hence, lot of thinking and assessment must be done prior to hiring a tax pro or using a tax software.

Understanding the Essence of the Cash Flow Statement as Part of Financial Reports

Preparing a Cash Flow Statement has become an integral part of the financial reporting system. Aside from presenting reports on how much a business entity earned as Net Income and of its Net Worth for a given period, it has been mandatory since 1987, to provide information by way of a Cash Flow Statement on how business funds were obtained and used rationally.

Business owners therefore must require periodic submission of an Income and Expense Statement, a Balance Sheet and a Cash Flow Statement. That way, the summarized results of business operations and administration are available for periodic review and analysis, in order to determine impact, progress, and for pinpointing areas that need improvement.

Components of a Cash Flow Statement

Simply stated, a Cash Flow Statement (CFS) presents a summary of how much funds entered the business, and of how much of those funds were used during the period.

The CFS is structured in a way that will reflect how the end-of-period Cash and Cash Equivalents reconcile with the Net Income after all funds generated and disbursed for Operational Activities, Investing Activities and Financing Activities, and other non-cash elements have been taken into account.

Cash Equivalents by the way refer to short term investments held by a business, as they can be easily sold and converted into cash at any given time.

Cash Flow Coming from Operational Activities

In this section, the CFS presents the total revenues earned by the business entity throughout a period, purely derived from operating the business, whilst mainly using the entity’s assets. In addition, this section also shows how much of the revenues generated were used in paying off related operational and administrative costs for the same period.

Non-cash values such as depreciation, accruals and unearned portion of revenues occuring during the period of operation will likewise be presented in this section, but as reconciling items.

Cash Flow from Investment Activities

Investment earnings pertain to funds generated thru non-operational activities but still involving the assets of the business; such as selling of long-term assets like property and equipment, as well as earnings collected from maturing investment ventures like marketable securities and other cash equivalents.

In the same way, any amount used in purchasing property and equipment, including software, and/or placed as investment in marketable securities shall be reflected under this section.

Cash Flow from Financing Activities

Financing funds increase the size and composition of the business capital or equity, like those obtained from borrowings including funds acquired by way of bonds, or from issuances of additional shares of stocks.

On the other hand, other factors may change the composition of the business capital, like repayment of borrowings including interests, and/or payment of dividends.

Moving The Personal Loan Market Upward Through Fintech

Most people around the globe look into taking out a loan for different intents. Some loan for business startup or operation costs, some for educational purposes, for paying off debts, or for other personal use. At times, people take out a loan because of insufficient funds to settle expenditures that are unforeseen. The American Pride Legal Funding, for instance, offer loans for vehicular accident settlement. People do find such loans quite beneficial.

In fact, the market on personal loans has attained a record high in 2018, as the promising industry of financial technology has made financial services through mobile apps more convenient and accessible to consumers.

The Growing Fintech Companies 

As per data by TransUnion and reported on CNBC, the market on personal loan has gone up to 138 billion US dollars in 2018, an increase of 17% year over year. Lending through fintech comprises 38% of personal loans altogether, an increase from only 5% in 2013. This indicates that fintech companies are growing.

By means of making use of innovative techs, companies of fintech are providing modified or tailored products that are low-cost, which brings about a considerable bearing on the increasing expectations of customers, together with the intensifying pressure on firms that are traditional.

The Department of Treasury of the United States issued a report in July wherein it states that over 3,300 companies of fintech began from 2010 to 2018 wherein investments in these fintech startups are speedily growing. Fintech companies’ worldwide investments in 2017 arrive at 22 billion US dollars. Fintech companies are the major mover of the growth of the market of personal loan.

Debt in the American Household

Many Americans are buried in debt, with increasingly more individuals incapable of settling them. Debt on student loan in 2018 arrived at a new high of 1.5 trillion US dollars; next to it is debt on auto loan at 1.1 trillion US dollars, and debt on credit card at 977 billion US dollars. As per Forbes, the average sum of debt that an American household has is 133,568 US dollars.

For individuals borrowing loans that are subprime, either due to poor credit score/history or low-income, the dangers are the greatest in the event of an economic crisis or collapse. As reported by TransUnion, these borrowers, who put their occupations or work hours on the line is likewise rising rapidly at 4.3% year over year.

Technology-based Solutions

The high utilization of mobile devices as well as solutions that are technology-based is driving the need for banking and financial solutions, wherein personal mobile devices are used to access such solutions. Because of this, financial institutions and companies are greatly capitalizing in solutions that are technology-based to measure up with modern companies of fintech.

A vast majority of worldwide banks, investment managers, as well as insurers are intending to collaborate and partner with companies of fintech through the next three to five years, and are expecting to have an average of 20% ROI on their ventures.

What To Do Following Rejected Personal Loan Application

Are you feeling hopeless because your lender says you are not qualified for a personal loan? If you are going to stop trying when you are refused for a personal loan, don’t give up. While it may appear that all hope is lost, the truth is that there are other loan companies willing to offer you a loan.

Listed below are essential steps to follow if rejected for a traditional personal loan.

Find out the reasons why you are declined of a loan

When a lender rejects your loan application, know that the Fair Credit Reporting Act requires that the lending company inform the borrower of the reasons for the rejection through snail mail or email. The correspondence should explain the reasons why you ended up declined. Reasons for refusal may include the following:

• credit rating doesn’t match the lender’s requirements.

• credit track record is limited – Should you have lower than 3 years of credit history, it can be tough for several loan companies to give you a financial loan.

• too high debt-to-income ratio – When a good portion of your cash flow is linked with having to pay other loan products, your application to borrow money could be refused.

• late payments – If another lender reports you of late payments, lending companies may unlikely offer you a loan.

Whatever the reason you are denied a loan, the data you get could be among your best resources. You could start dealing with them prior to obtaining your future personal loan. This allows you to strengthen your weak points such as your credit history or debt-income ratio.

Subscribe to credit tracking programs

When a loan company provides a certain reason for the loan rejection, it is strongly advised to ensure there are no other problems with your credit rating or history of credit that may become worse when you are applying for a loan again. A credit monitoring program can assist you on this. They are going to browse through your credit track record from the point of view of the lender. They are going to clarify what you need to do to improve and when you can apply for the loan again.

Develop a plan

Once you know what issues you need to tackle, create a plan to determine what you need to do and how to do it. There is no precise way to do this because your plan will depend on the issues you need to address and your overall financial situation.

Knowing the condition you need to fix, plan on the actions you need make, when to do it and how to implement it. There isn’t any conclusive approach to get this done as your plan is determined by the condition you have to fix along with your general financial circumstances.

Have patience

With respect to the credit concerns you are facing, it may take some considerable time to fix everything that’s off on your credit standing. So you ought not to make unrealistic targets and also have high anticipations as repairing credit is not a quick fix scheme.

Give yourself sufficient time to develop a very good credit file, monitor your credit rating on a regular basis to find out how your steps affect your rating.

Look for other alternative lending institutions

As soon as you reach the stage where you are feeling comfortable about applying for a loan again, look around for other personal loan offers to determine your chances of getting an approval. Assess the fees, discount rates, as well as other charges every single lender presents. The majority of loan companies will let you have a look at their fees, rates and soft assessment whether you qualify.

Bottom line

If you follow the steps above, you will improve your chances of getting approved for any personal loan, from quick cash loans to long-term loans. You’ll also increase your options of getting approved for other credit at reasonable rates, which can save you money on interest.

You will get to improve your credit standing and qualify for the next loan if you follow the tips outlined above. So if you were denied a loan today, it’s not really the end of the world. There is hope and the information you get is your tool to help you improve.

Major Benefits of Hiring a Tax Accountant for Businesses

Running and managing a business is no easy task. You will be charged with countless of tasks. These tasks have to be performed remarkably to ensure the success of the company or business. In the process however, managers and CEOs have to keep an eye out on their finances and guarantee that bookkeeping, taxes, payroll and everything related to finances is handled accurately every year.

While all these things are important, let’s face the fact that it’s something business owners can’t give enough time on. The solution is simple. Hire a professional accountant who will overlook all the assignments mentioned. As a matter of fact, WOT knows have in-house accountants to ensure that their finances are always on point.

Don’t make Life Hard for Yourself

Besides, there are many benefits of hiring such professional. If you are feeling skeptical or not confident about it, keep on reading.

Accuracy in Bookkeeping

For any organization or company, bookkeeping plays a critical part to its finances. It’s just literally impossible to determine how much money the company is making or losing if there’s nobody doing the bookkeeping. With the presence of experienced accountant, they have the skills and experience to do the bookkeeping fast and efficient. Thus, keeping you informed of your company’s finances whenever you needed.

What about Taxes?

For companies, the tax season is one of the most dreaded situations. They have to sift through all information and figure out what they have to claim and to which deductions best work for them. This is quite troublesome and stressful to do. Therefore, to free themselves from such trouble, they’re hiring accountants to do their taxes instead.

Payroll System, Not a Problem

The business owner is the only person who has control of everything within the business.

Usually though, employees have to operate in an agency and assist customers when coming in. Not only that, you have to do your inventory, office equipment as well as utility bills. Doing all these things on your own will eat great amount of your time – time that can be used on more productive things.

With an accountant however, they will be sorting everything in order. They can even set up your payroll system so by that, you’ll have the confidence that your staffs are paid accordingly and timely every month and that you’re spending within your means.

Financial Management 101: Guides and Tips

Basic Principles of Financial Management

Almost everyone wish that they can use their money in any ways without limitations and worries. Well, the truth is, anyone can do this, but they must accept the fact that eventually they will run out of money and will be full of debts. In order to avoid this, there are simple things you can do starting today to improve your money situation.

No matter how much money you are earning, it is important to organize your finances because it is the first step to creating wealth. Cash loans such as same day loans, which is really of great help, payday loans, and installment loans must be carefully tracked. In addition, there are free open budgeting software helps in tracking all accounts.

To successfully manage your personal finances, you may want to try these helpful steps:

  1. Simplify your Financial Goals- Some may find this unnecessary. but one must really take some time to come up with a specific, long term financial goals. What and where you are planning to invest depends on your overall goal. Say, for example, your goal is to retire early, then you will save more money compared to how people usually save. If your goal is to travel the world, then you will not be able ton retire at an earlier age.
  2. Detailed Financial Plan- In order to successfully achieve your goal, you must have a detailed financial plan. It must have multiple steps that includes creating a budget and how much should you be spending for one month, even paying off your debt. When creating a plan, budgeting is the most important as well as securing an emergency fund.
  3. Stick to a Budget and Avoid Unnecessary Expenses- your budget is the most powerful tool when it comes to financial management. You must be empowered enough to follow your spending plan. It is up to you if you want to make as high level or detailed as long as it will of great help in achieving your financial goal.
  4. Pay Off Borrowed Money- Unfortunately, in most cases, debt is inevitable and is a huge hindrance to achieving one’s goals. Hence, your detailed plan must focus on avoiding debts.
  5. Be Open Minded- If you successfully followed your plan, you must start on deciding where to invest in order to increase your wealth. Seeking for some advice from a financial planner will help you make smart investment decisions.

The Peer-to-Peer Lending Platform

Peer-to-peer or P2P lending is the wonder of online lending created by platforms wherein borrowers are directly matched with lenders, such as the envestio review. It is quickly getting traction as well as expanding to more categories of new products since it grants a better experience. Moreover, it forwards the advantages of making use of technology to both borrowers and moneylenders.

Peer-to-peer lending has come to be a sector where the growth increase is quick and where billions are annually generated in loans.

P2P Lending Platforms

A platform for P2P lending that is successful has a good foundation, is flexible as well as an efficient technology that would surpass the expectations of both the borrower and the lender.

Typically, with regards to borrowing and lending money, the process involves a credit union or a banking institution; however the rising popularity of platforms for P2P lending is seeing several individuals do away with these traditional financers from the borrowing and lending process altogether.

Because of the advancements in technology, it made connecting through online platforms simpler and easier for businesses and/or individuals who are considering directly borrowing or lending money with one another.

P2P lending is an alternate for the traditional financing processes. Since it matches up individuals who or businesses that are considering borrowing or lending, it enables them to make arrangements directly between each other.

Platforms and/or websites offer a service that is intermediary wherein it does the matching between the borrowers and the lenders and borrowers. They also carry out relevant and reasonable steps for risk assessments as well as credit checks. Usually in these platforms, a certain fee is charged for the services they have rendered, which isn’t part of the final lending arrangement.

Pluses of P2P Lending Platforms

  • Numerous lenders are drawn towards peer-to-peer solutions because of the possibility for their investment to have a high rate of return. Typically, the estimated yearly rates could reach up to 6% (or even higher) in packages that are performing better.  This potential becomes more attractive as compared to the rates that are normally offered by bigger banks with standard savings accounts.
  • On the other hand, lower interest rates are likely to be obtained for those looking into borrowing money via P2P lending platforms than traditional loans depending on the credit history of the borrower and risk factors.
  • Peer-to-peer platforms and solutions for borrowers and lenders are billed as something more responsive, transparent and efficient to manage as compared to banks, since they are unfettered by the bureaucracy as well as ageing technology that is the stamp of numerous institutions that are bigger.

Make Money By Trading Bitcoins

For the past several years, Bitcoin has successfully built up its momentum and were able to attract millions upon millions of people. The truth is, Bitcoin is the top-rated cryptocurrency in crypto market at the moment.

Even though there are countless of other tokens emerged in the market, none of it comes close to Bitcoin. But the question is, how long will its supremacy will last? That’s a question that nobody knows the answer. What experts and analysts know is, the future for Bitcoins are wonderful and it would keep gaining attention in the coming years.

The million dollar question that people are itching to know about… is it really possible to make millions by investing in cryptocurrency?

Your Millions Begin Here

If you’re a virgin to this, then you are most likely scared and anxious of what is going to happen, what must be done and everything in between. First of all, you need to create an account with exchange. This is if your interest isn’t into Bitcoin mining. Exchange is actually the most basic and the easiest way to buy and sell Bitcoins. However, just be sure that you are with a dependable and reputable exchange platform like http://vipsignals.trade/. The moment that your account is ready, you are all set.

But as mentioned before, it is vital to further understand what your money can afford to buy and what you are buying. Having said that, it is essential to do your homework first and have an idea of:

  • How blockchain network functions
  • Future development of Bitcoins
  • How it beats its competitors
  • Your current financial status and future cash outlay
  • Contractual obligations

There are many other things that you should be mindful about. The things mentioned however are enough to give you idea where you should begin in making money using Bitcoin trading.

A Plan of Attack

To make profits from trading Bitcoin or any other investments that you get yourself into, you probably need a plan to be implemented. In order to execute this, you’ll need daily routine and for this to work, you must know

  1. Price patterns by heart
  2. The time of day the market is volatile and how long
  3. Your internet speed connection
  4. Access to latest cryptocurrency news 24/7
  5. Avoid greediness and walk away when you have made enough returns
  6. Know when to walk away
  7. Never ever put all your money on a single trade. As much as possible, learn to diversify across various coins

Financial Technology Loan Options For Small Businesses

Technology is the biggest trend influencing every industry today. In the world of financing, financial technology or fintech is among the biggest evidence of this generation’s technological revolution. Financial technology is beginning to revolutionize the financial industry, the same as the impact of the Internet in almost every industry. Need Money Now is just among the Financial Technology made available to small businesses.

What is FinTech?

FinTech (Financial technology) generally refers to any business that uses contemporary software and technological know-how to apply its groundbreaking work to financial services. Contrary to general knowledge, financial technology has been in development for 65 years, leading to the continued success of the industry in financial technology. Following the establishment of credit cards in the 50s, the industry began to hold a genuine part in the financial industry, and since then, the advancement of the fintech industry has improved rather quickly.

In 2008, although financial technology played an important part in our society, the financial crisis at that time was hugely attributed to the vast and intense expansion of the industry. Since the financial crisis, a large number of Americans have become angry with the banking system, creating doubt for banks in just about any country. Distrust on banks has eventually become worse when banks stopped lending following the recession. As a result, many people in the business arena and in practically all sectors were considering alternative and private lending institutions.

As the economy has at last rebounded, consumers are however cautious about binding financial institutions. Today, the financial technology industry is more trusted as a reliable source of funds and other services due to the urgent need to seek technology alternatives.

Today, more advances in the financial technology have taken place with the introduction of bitcoins or what has been known as cryptocurrency.

Financial Technology Loan Options

FinTech Mid Prime Loans

The most recognizable form of FinTech form of financing for small businesses is medium loans or mid prime lending. The price offered by FinTech’s medium-term loans is viable with a classic bank and SBA loans, however with less of the hassle that’s commonly linked with each kind of financial loan. Online FinTech lenders do not need to contact banks and provide a wide range of personal and business financial documents, but they can easily qualify applications in a matter of minutes and can provide funding very quickly (within a few days after an application had been approved). All this can be achieved with the least amount of documents that are traditionally required by the banks.

Invoice Factoring via FinTech

Financial technology invoice financing can be described as a means for small businesses to work with their 30-90 days unpaid invoices to get funding. The factoring company forwards a small amount of the invoice to a certain percentage of the invoice value less the fees after which forwards the final figure to the borrower after the invoice is settled.

Cash Advance Via FinTech

Cash advances through Fintech are not loans. However, it is the future earnings of a company sold to FinTech lenders in return for upfront funding. These future earnings are sold at a discounted price to the funder. Lenders associated with Fintech evaluate the cash flow of a company by taking a look at bank statements which includes credit card statements. This is for them to figure out the total deposits as well as the consistency of deposits.

After the FinTech funding company determines the maximum amount that a small business can easily manage, they are going to compute the amount of money the business could get depending on the repayment structure in 4 to 21 months. Following the financing of a small business, FinTech’s prepaid cash lender will receive a repayment every business day but some will collect weekly by means of ACH through the bank account of the small business or the percentage of daily credit card processing trades accumulated every day.

SBA Loans

SBA loans are not generally linked to financial technology, but as a result advancements in many sectors of our society, specifically the financing industry, lenders can now qualify applications for SBA loans in just minutes and fund SBA loans at the quickest possible time, approximately 7-10 business days.

Technology has streamlined the SBA loan processes which allowed business owners to obtain bank financing within a time frame in line with competitive alternative lenders and actual investors. There are many forms of Fintech SBA loans. This includes lines of credit and term loans. Fintech SBA loans can be used as working capital, purchase of real estate investments, debt consolidation, business expansion, and much more.