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Technology Consulting and IT Management Processing

Technology Consulting and IT Management Processing

Depending on what kind of business you have, there will be a need for certain technologies to exist in your business, as well as proper management to make sure these newly invested technologies are at par with your investment you have put into them. The output of your IT investment should always match, or be better than the money spent to have, maintain, and keep the technology running. There is no pseudonym for technology management or technology consulting, they literally mean what their names say, and are a valuable tool for the growth of any business.

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Tech Mistakes Small Businesses Make

Tech Mistakes Small Businesses Make

If you’re an entrepreneur who owns a startup or small to medium size business, you are probably just becoming aware of the needs your business have. But, there are always ways for you to learn and overcome hurdles that you startup presents to you. There are multiple ways to manage any of your company’s new projects and services. Prepping yourself for the physical mistakes or tech mistakes small businesses make should be one of the top priorities business owners should have as CEO.

As a solo business owner who is currently developing a better service for their clients with their startup business, or maybe you are already a somewhat respected brand in your community. Making sure that you can service your consumers, in both the physical world and digital world are essential for great branding and customer service.

That’s why you should invest your time in making sure your technology service, whether it’s for creating better business practices, or serving your consumers, are up to date and running proficiently.

Protect yourself from the tech mistakes small businesses make

To be honest, IT is always changing, and it can become very confusing and expensive at times. That’s why it’s a good idea to have an IT manager to assist you in managing your technology. But let’s say your business isn’t covered in a whole bunch of technical wires to make your business run efficiently with IT services. If you want to manage your current IT, and you believe it’s doable for you, the business owner to manage your own IT resources; then go for it. But make sure you don’t make some of these common tech mistakes small businesses make, because these mistakes will set you back more than you can afford to make.

Insufficient training:

Insufficient training in learning all the IT applications you invest into your business can be time consuming when faced with technological errors, or it could be costly if you and your staff/team doesn’t know how to utilize the costs saving features of your IT resources.
Even if training resources are available for your staff to read, and for you to learn also, there is no guarantee that your staff skills will improve with the training resources you provide. Which will not nullify the basic tech mistakes small businesses make.

That makes it even more important, for you as a business owner, to make sure your employees are efficient in using the IT resources you have invested in. To save time, money, and stress in your work environment.

Your staff can be evaluated by performance reviews, which will help encourage them to learn the IT tech material. It’s also beneficial for your small business to perhaps affiliate themselves with either training IT centers, technology partners, and other program software’s that help create knowledgeable staff about your IT resources.

Provide the proper security your IT needs:

Ways to improve your security for your IT resources include providing adequate password security policies for all your IT applications. If you are using wireless network, make it secure. Include business firewall methods, regularly perform security audits, update your IT resources with the newest security patches, disable guest accounts, etc.

Have a reputable backup data system:

Having your data lost will be time consuming and costly if you don’t have the data saved in backup systems in which the data can be restored when needed. If you don’t back up your data and save it under valid secure data banks, the effort to resurface the data lost will take many days to restore, and that data itself can be loss in the process of restoration. Having a secure data storage that will quickly reinstate your data efficiently is a total time saver, and it will cost you less money. Consult with an IT professional who can help you invest in a data backup system. Have this professional test the security of the backup data server to make sure that the data is current, still intact, saved, and can be restored adequately.

Unsolicited Email:

Being able to handle your spam mail is a cost effective way to manage your computer system and data across your email servers. Spam also clutters your organization’s workstations, so having an effective way to protect yourself from spam will provide your business with more gigabytes and room for storage, which will inherently increase the performance of your dedicated processor cycles, disk space, and back up media.

These are just a few basic steps to make sure you can manage your IT resources by yourself. If you find that you are having difficulty managing your business’s IT, you can invest in IT professionals or consultants to help you manage your IT systems. You will find that with their help, you can save time in managing your business’s IT resources, which means you can focus more of your time in increasing the growth of your business, etc.

Being an Accounting Consultant

Being an Accounting Consultant

Accounting Consultants have a very high level of responsibility. As an accounting consultant you should be able to prepare, analyze, interpret, store, reconcile, and communicate with integrity and exact implications of various financial statements to businesses. To fulfill these implications, most accredited accountants must have a minimum of a bachelor’s degree in an accounting related field, in order to receive professional accreditation from an accounting body, as well as a valid business license from a licensing authority to practice business accounting.

Businesses need an accounting consultant to keep their budgets on tract

Accounting consultants should know how to:

  • Provide Financial Data Management – This involves analyzing, collecting, and storing financial data. As an Accounting consultant, you should be able to identify sources of financial data and establish the best ways to gather and process the data.
  • Develop Accounting Systems – In order to develop for your clients a modern accounting system, accounting consultants need to firstly analyze the client’s business model and its industry structure to anticipate future changes in their accounting practices. It’s imperative to convert the findings into a project, develop the system, test it, fix any problems that had occurred, and then hand it over to your clients upon completion. It’s important to monitor your accounting system since they are progressive, and make changes or fixes if need be.
  • Enforce Financial Compliance – Guide your clients in practicing relevant accounting standards and rules. Some of those standards include regular financial declarations, exercise due diligence, audit annual financial results, calculate tax dues, and make necessary tax filings. You should also take the steps to assist your clients accounting teams in preparing quarterly, biannual, and annual financial statements.
  • Provide Specialized Advice – As a licensed accounting consultant, you should be able, and are required to provide relevant financial advice to your clients. Being able to provide fiscal advice that helps your clients business grows, or to provide specialized non-core accounting skills, such as forensic investigative accounting auditing (offer advice on legal implications of various accounting situations) will likely bring you more clients, and your current clients will find less reason to hire their own full-time accountant.

Things accounting consultants need to remember:

  • When you plan to start your consultancy as an accounting consultant, make sure you have a budget planned out. You should know your monthly expenses and it’s crucial to make sure you make enough money to pay off debts and to ultimately make a profit.
  • Know how to calculate quarterly taxes. Consider taxes as another business expense to calculate into your budget. Do not procrastinate on your taxes either. You will owe quarterly installments to the IRS, and if you pay them late, you will pay a penalty. Get ready to prepare extra paperwork at the end of the year for your taxes too. If you have employees, make sure you remit your payroll taxes when they are due, in order to prevent the IRS from making you pay a penalty, or worse, if you forget to.
  • Don’t be afraid to go overboard in providing extra help for your clients when needed. A little bit of extra help can create good personal relationships with your clients. This can help with your branding, and it can open doors for when you also need a hand.
  • Know your money flow. It’s important you understand who owes you money, and which clients have paid you in advance. It’s important to know your money flow to calculate your “real” profitability.
  • If you have too much work at hand, feel free to outsource some of your work. There are many accounting firms willing to lend a hand or professional advice. There are also accounting software’s you can utilize to help your accounting firm or accounting consultants alleviate some of your burdens.
  • Being an accounting consultant, it’s important you understand the nature of your business. An accounting consultant should learn the avenues they can take to make their business profitable, and not face any legal repercussions. An accounting consultant should always find ways that makes them stand out more than their competitors.