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When You Should Hire an Accounting Firm

When You Should Hire an Accounting Firm

Every company needs Accounting services or accountants whichever the stage of growth the company is. Accounting is a professional skill that not everyone can handle and understand how to differentiate Debit and Credit. However, a well-trained accountant can figure them out and organize the company’s financial statement rapidly. There are many benefits for businesses to hire an accountant from an accounting firm. Today, let’s talk about why you should outsource your accounting to a New York accounting firm. (more…)

How to Become a Forensic Accountant

How to Become a Forensic Accountant

A forensic accountant is proficient in a specific field of accounting. Forensic accountants are supposed to audit and analyze the financial statement, investigate other complicated issues that the lawyer or the police provides, then summarize and interpret the professional result to the court as an evidence. Even, forensic accountants can stand on the court to be the witness.

Clearly, the position of the forensic accountant is set for being a part of maintaining fairness and integrity through accounting.

Then how can you become a forensic accountant? (more…)

How Can Auditing Accountants Benefit your Business?

How Can Auditing Accountants Benefit your Business?

Business auditing are a valuable step in making sure your business is as organized as it should be. What Business Audits cover are inspections of your businesses accounts, including invoices, document, and accounting systems. What a business audit does is it makes sure that your business is giving an accurate view of its financial statements. Auditors are usually done by independent auditors who are separate from your company to make sure that they have no bias towards the auditing of your business. (more…)

Bad Bookkeeping = Bad Business

Bad Bookkeeping = Bad Business

Bookkeeping plays a very important role in determining the success of a business. The way a business owner handles their bookkeeping can determine the future of the company. Bad bookkeeping can indeed destroy your business. Bookkeeping should always be handle properly because, if it is done poorly not only are you putting yourself at risk for losing money, but you are putting your entire business in danger. (more…)

4 ways to invest $1,000

4 ways to invest $1,000

Have you ever heard the saying that giving a man a fish will feed him for a day but teaching a man to fish will feed him for life? Investing is the financial equivalent of this philosophy, using the money you already have to help you make more. From placing your money in growing businesses to supporting charities, investments are a great way of making your money work for you. With just as little as $1,000 you can lay the foundation of your financial future for the years to come and drastically extend your cash flow. Allow our accounting firm at Nazaire & Co. to walk you through 4 ways to invest the cash you already have.

4. Charge interest on money you loan out

Before you jump to conclusions, no I’m not talking about a becoming a loan shark. There are actually platforms out there that allow for peer-peer lending. These online platforms bring borrowers and lenders together and give you the ability to choose from a portfolio of available loans people are looking for. This is a safe and secure way to lend out money to those in need and make even more in the form of interest along the way.

3. Partner with an investment Firm

Not everyone is a financial genius and that’s OK. Partnering with an investment firm will allow you to take the money you have and put it in the hands of people that live and breathe finances. Always keeping you in the loop, investment firms will constantly inform you about potential investment opportunities and which ones may be the most profitable. This lets someone else do the heavy lifting while you focus your attention on other matters.

2. Start a college fund

It’s a fact that college isn’t getting any cheaper so it’s best to start saving now. College funds make for a great investments as they can also provide many tax benefits. At the end of the day education is one of life’s biggest investments and even with a little university experience there’s no telling how successful someone may become.

1. Pay down your debt

You have to spend money to make money but and you can’t truly make money while owing it. Out of all of the things you could possibly spend a thousand dollars on, paying down some of the money you owe is great way to make sure you have more in the long run. There’s nothing worse than getting a huge paycheck and having debt collectors all take their piece at the same time, leaving you with almost nothing. Starting now will allow you to soften the blow and build your credit score for when you really begin to prosper financially.

Following these tips will help you make the best of what money you have. If you have any questions about investing or money management feel free to contact us by visiting Nazaire & Co. We hoped you enjoyed the read and happy investing!

How to Budget Your Money While Living Abroad In College.

How to Budget Your Money While Living Abroad In College.

For many young adults college is their first taste of independence. Not only are they forced to fend for themselves when it comes to feeding themselves and getting to class on time, this is the point where many parents take a step back on providing around the clock financial support. This forces a large amount of college students to find part-time job, paid internships, and look into additional scholarships and grants to help extend the money they already have. While being a “broke college kid” has become somewhat of a cliche, it doesn’t necessarily need to be that way for you. With a little bit of budgeting you can break the stigma of being a down on your luck student during your four years of university. By following our quick financial tips, you can help save your money and truly make the most of your college experience.

Tip #5: Separate what you want from what you need 

When you were a child it was so easy to pull things off the self and throw it into a kart because it wasn’t really your money. Now that you’re on your own and have several expenses to think about, you have to distinguish between the things that are necessary and what you can do without. Keeping this in mind will prevent you from being penniless when it’s time to take care of bills, buying food for the week, or doing laundry.

Tip #4: Beware of Credit Cards! 

Credits cards may seem like free money but remember they must always be paid back… with interest. Having a few credit cards on hand might sound like a good idea initially but there’s nothing than worse than being stuck with an extra bill at the end of the month. Whether or not you have a good credit score will play a large role in life down the line, so try to manage them wisely.

Tip #3: Shop smart when it comes to textbooks 

Nothing drains a college student’s pockets more than paying for textbooks, with a single book potentially costing anyway from 300 to 500 dollars. Thanks to the internet there are now various ways to get the books you need without breaking the bank. Sites like Amazon.com now allow you to rent and buy used textbooks at a lower price, while social media sites are great for finding and interacting fellow students that may have the books you need.

Tip#2: Bank Accounts are your best friend

How are you supposed to know how to properly budget your money if you don’t know how much money you have? By opening a simple checking or savings account with a nearby bank, this will allow you to keep track of how much money you have at all times, in addition to help allocate your funds to whatever expenses matter most. These accounts also make cashing your paycheck much simpler and more secure.

Tip#1: Do your research when it comes to scholarships and grants   

When it comes to college tuition, the less you have to pay out of pocket the better. That said, most students and their parents find themselves in large amounts of debt, thanks to student loans. Believe it or not, there are hundreds of scholarships and grants out there that many are unaware of because they didn’t do the proper research. There is tons of financial aid and assistance, and with a little bit of digging, paying for college can be a whole lot easier.

So there you have it. By following these tips you can hopefully break the curse of the “Broke College Kid”. For additional information feel free to visit www.nazaire.com and don’t forget to follow us on Facebook, Twitter, Instagram, and LinkedIn at Nazaire & Co.