Financial functions in multinational firms

Finance is the Life Blood of the Business and so the case of MNCs also. The only difference in finance of domestic companies and MNCs is that the finance in domestic companies is in domestic currency where as in case of the MNCs the finance is in multi currencies. But whatever be the conditions, with out finance, no company can exist. Finance is required for many purposes like purchase of raw material, purchase of machinery, purchases of the related items, payment of salaries, meeting the operational expenses, etc., so the finance is required for all these purposes. To know about the activities of multinational firms will help for finance assignments.  The activities of providing finance to the MNCs are known as Financing MNCs. Short – Term Financing is financing the working capital requirements of multinational companies’ foreign affiliate’s poses a complex decision problem.

This complexity stems from the large number of financing options available to the subsidiary of an MNC. Subsidiaries have access to funds from sister affiliates and the parent, as well as external sources. The following are the financing which is long term particularly for the capital equipments and other big items given to the MNCs who are actively engaged in the Foreign Trade. 1. Export Financing 2.Export Credit Subsidies and 3.Export Credit Insurance.  Items that need long repayment arrangements, most government of developed countries have attempted to provide their domestic exporters with competitive edge in the form low-cost export financing and concessionary rates on political and economic risk insurance. Nearly every development nation has its own export-import agency for trade financing and development.

Raising of funds on favourable terms is an important aspect of financial management.  This also holds good for procurement of funds in the international market, in any currency.  Multinational funds may be raised either through internal or external sources.  Internal funds comprise share capital, loans from patent company, and retained earnings.  Funds from external sources can be raised from:

Commercial Banks – Commercial Banks all over the world provide foreign currency loans for international operations as they do for domestic operations.  These banks also provided facility to overdraw, over and above the loan amount.

Discounting of Trade Bills – This method is used as a short-term financing method.  It is widely used in Europe and Asia to finance both domestic and international trade. 

Euro-currency Market – When the currency is deposited outside the country of origin.  It is termed as Eurocurrency. 

Euro-bond Markets – Like euro-currency market, euro-bond market has emerged as another significant source of capital.  Euro-bonds are also primarily sold in countries other than that of the country in whose currency the bond is denominated.  Thus, bonds denominated in yen but sold in US, Britain etc., are known as euro-bonds.

Development Banks – Many countries have development banks which offer long and medium-term loans.  Many agencies at the national level offer incentives for firms to invest within their country or to finance exports. 

International Agencies – Many international agencies have come into being for financing specific category of projects. 



Source by Benny

Business in 2020 – How Will it Change?

Over the forthcoming years it must be expected that all aspects of life on Earth will change drastically and dramatically, be this through climate change, technological advancement or economic transition. On analysing the ‘eighties’, or even the ‘nineties’, the changes which have occurred from then to the present day are nothing short of amazing. Most children and teenagers cannot imagine a lifestyle which does involve such technology (or gadgets) as mobile phones and laptops. These applications have become firmly inter-linked with everyday life and are now a way of life rather than a ‘flashy’ gimmick, as they were often referred to as in their infancy. In a similar way, such technology has had the same impact on businesses and the environment they operate within. Mobile telephones are prevalent amongst employees in most industries and e-mails, databases, spreadsheets and various other programmes have, to a degree, rendered the pen and paper nothing more than a ‘supporting act’. With such major changes occurring in such a short space of time, it appears businesses will continue to experience extreme and drastic new environments. How they react to them will determine their success and longevity within their markets.  There is only one thing certain about the future of business – it will always be changing!

Business revolves around consumers and, in the main, satisfying their needs and desires. However, clever marketing and propaganda can often mould consumer groups in to thinking they need a certain product, service or brand. Therefore, the key drivers of how business progresses will be consumers coupled with economic, political, environmental, social, technological and legal factors. During the course of this essay, each of the factors will be analysed and suggestions on their effects provided.

Ray Kurzweil, a renowned computer scientist, predicts “We won’t experience 100 years progress in the 21st century – it will be more like 20,000 years of progress at today’s rate. Within a few decades, machine intelligence will surpass human intelligence, leading to the Singularity: technological change so rapid and profound it represents a rupture in the fabric of human history. In practical terms human ageing and illness will be reversed; pollution will be stopped; world hunger and poverty will be solved. Nanotechnology will make it possible to create virtually any physical product using inexpensive information processes, and will ultimately turn even death into a soluble problem”. (Extract taken from article ‘Readying a radical business plan’ on money.cnn.com). Whilst the above views may be deemed ‘far fetched’, the reality is that technological advancements in recent times may also have been classed as ‘unachievable’ only a few decades ago.

Appendix 1 attached is a document produced by British Telecom which contains a predicted timeline of technological inventions. The shear volume of predicted inventions and in many cases their immense advancement in technology clearly demonstrates the opportunities and threats which businesses face. Highlighted are a number of particularly interesting suggested inventions. It must also be considered that along with positive innovations, there will always be people with counter productive motives who thrive on damaging innovations. BT’s timeline predicts such potentially damaging developments as ‘Viruses’ aimed at toys, Jigsaw viruses, ‘Phishing’ of on-line banking, Corporate ‘cyberwars’ and terrorists using GM to pollute crops and damage economy. With this in mind businesses will have to pay added attention to security as improved technology equates to improved criminals.  

 Climate change and growing concerns over the environment are likely to have a major impact on the way business is conducted in the future. At present legislation regarding the conduct of firms with regards to the environment is extremely evident (eg. REACH – A new European Community Regulation dealing with Registration, Evaluation, Authorisation and restriction of Chemical Substances). However, a major problem is that many large industrial countries, such as the US and China, fail to comply or ‘sign-up’ to international legislation, such as the Kyoto Protocol (February 2005). They hold too much global power, at present, for legislative action to be effective against them. Therefore, it must be hoped that support is gained from amongst these countries populations, as ‘people power’ can play a major role in convincing politicians. However, climate change resulting in the widening desertification and rising sea-levels present opportunities for major engineering projects and potential ‘big business’ ventures. For example, by guiding the sea-level ‘overflow’ into areas with limited water such as Sudan, Ethopia or the Sahara desert, a positive outcome could be extracted from a crisis. Business can be created by supplying the answers which may save cities such as London, Venice and New York from flooding, whilst regenerating water-starved countries in Africa and Asia. The other side to the argument is that technology will become available to reverse or counter-act global warming, and indeed BT predict that the hole in the Ozone layer will have disappeared by the 2050’s. However such optimism is not shared by the  majority of environmental experts who fear consequences of Armageddon proportions in the not to distant future.

New technology is continuously being developed, with today’s ideas becoming tomorrow’s reality. New fuels, greater computer capabilities and advanced machinery should all play a major role over the coming years. Many production lines are presently almost fully automated, so the question is what will be the next step technologically? Will computers / robots carry out the administrative / supervisor roles as well as the production ones? Will we see an Artificial Intelligence based Managing Director, and if so who are his/hers stakeholders? Will new technological advancement make companies more efficient and LEAN, but ultimately lead to a race of AI based humanoids running a world where humans are no longer the dominant species? These are questions which cannot be answered at present, but simply considered as a possibility.

With new technology will come new pharmaceutical advancements. Cures for diseases such as AIDS and cancer may be just ‘upon the horizon’, while who is to say age reversal treatments or life prolonging tablets will not be as common as vitamin tablets in 20 years time? Such advancements would create huge new business opportunities, with an even larger and older population businesses would have to adapt to service a new consumer group with new ideas, views and desires.

The growth of nations such as China and India will have a considerable impact on the business world. With huge populations (China 1.3 billion and India 1.1 billion) willing to work in ‘inhumane’ working conditions for negligible wages, it is difficult for westernised developed countries to compete on price and output. Whilst quality may be an issue on some products from these countries at present, eventually they will gain the experience to match and maybe surpass western standards. However, as Maslow’s ‘Hierarchy of Human Needs’ explains, people’s expectations rise over time. Thus the people of China will not tolerate such hardships indefinitely, and will eventually demand parity with their western counterparts. This is already evident in India where I.T. personnel previously earning around 25% of their American counterparts salary, are now demanding around 70%.

The possibility of a major war or conflict can never be ignored. The world wars severely slowed down many aspects of business, but also accelerated technology in the form of weaponry, vehicles and munitions. Most nations are spending heavily at present in developing and manufacturing highly technical weapons. Should a Third World War occur, the results could catastrophic. The effect this would have on the World is obvious, but it could equally have a massive effect on business with the emphasis possibly changing on which countries to deal with. Many countries who have been involved in conflicts often gain many allies, and thus such partnerships continue through business once the conflict is over.

Space travel and exploration has long been viewed as the ‘next logical step’ of mankind. In 1969, when man first stepped foot on the moon it was envisaged that regular space travel would exist in the next decades. Political wrangling, disasters, international conflicts and economic issues have slowed down the progression, but it is highly likely that at some point in the future a major emphasis is placed on exploring our neighbouring planets and beyond. The previously mentions events such as climate change, limited resources and fuels, growing populations combined with man’s ambition to always achieve more may be the driving factors behind ‘big business’ investing heavily in space exploration.

Much of international business is based on fluctuations in countries currency. Therefore, in future years we may see a World currency, which all countries adapt to. This would make trade between countries much easier, yet would be open to misuse and corruption if not policed correctly.

Cultural and language barriers between business people has often been the cause of many issues. With business transactions increasing becoming international, such issues must be addressed and overcome. Religions, such as Islam, which dictate how believers lead every function of their life could become increasingly prominent in deciding which countries do business with each other.

2020 looks to be an exciting, scary and complex year, but there again, put yourself back to 1998 and look how the World has changed since then!!



Source by Ian Worthington

Finance Jobs – Q & A about Finance Jobs

Planning to get into the finance industry? Well there is a lot you will want to know about the much hyped industry before you actually join in. It is indeed one of the most popular career choices today and finance careers are indeed looked upon as golden careers. Finance jobs today pay the best salaries in the job industry and you should stop worrying about the recession coz it is almost over. The finance industry has almost completely recovered from the recession and is back to making a steady progress. Fresh investment is flowing in and finance seems to be thriving like the good old times.

There are many avenues to finance jobs today. Government finance jobs promise you job security and are still a popular preference for many. In fact there are many government institutions which have a good intake for finance jobs. Except for government banks and financial institutions almost every government office does need a finance department.

Now if you are really ambitious and have huge set goals for the future the private sector is where you must concentrate. It’s not that one cannot develop in a government organization but there are many limitations to this growth which are absent in the private sector. There is a huge requirement for corporate finance jobs owing to the big scale corporatization of the business industry. Be it multinational companies or small local companies almost every organization is heading towards corporatization which again is a great advantage for finance aspirants.

Now how to begin a career in finance? The first thing you need is a strong educational background. Make sure you do your academics well and score the best of grades coz these are the only things which will help you in the initial years in finance. You firstly need to graduate from a reputed college for which you will need excellent high school grades. If you are still in high school this is the right time. Start getting serious about your education today itself.

After this you will need to get into one of the best finance internships available. Internships are one of the best ways to learn more about the finance industry. On the job training at an internship will groom the finance professional in you. You will also get a chance to interact with some of the big guns in the finance industry this way. It helps with developing a network in your industry which is very essential to grow high. This network not only helps you with job opportunities in finance but also ensures that your work moves on smoothly no matter where you are.

After the internship you should get into an entry level finance job. It is very essential that you give your 100% in these jobs as the competition is humongous and to leave an impression you have to prove your worth. Do not dream of reaching the skies in a day rather work to achieve your ambitions in a slow and steady way.



Source by Silas Reed

Financial Accounting in Health Care

The health services industry continues to deliver services to patients through various arrangements such insurers, self payers and government programs. However, the institutions need to observe financial health and accounting practices in order to gauge their performance. This is whether such organizations provide for profit or not-for profit health care.

Financial management

One element of financial management in the heath care organizations is heath care revenue cycle. This entails working with various payers, the government agencies and individuals in verifying payments and collecting revenue (James, 2004). The health care providers strive in having efficient billing systems, manage payer contracts and enhance cash collections. Another aspect of health care financial management is profitability and financial analysis. Hospitals and other health care providers frequently loose revenue and face escalated cost of providing the services due to the overwhelming data and complex reimbursement systems. As such, health providers also strive to provide on demand financial accounting in all departments for better monitoring of profitability. Indeed, the payer mix and accounts receivable are also analyzed. Financial management also involves planning for the future. The heath providers utilize the history of the financial statements in forecasting targets and making projections, enabling use of past data in decision making, use the information in delivering quality services to the patients and streamlining the its functions with the providers. Finally financial management involves internal control and accounting. This could involve managing and controlling expenditure of the common supplies like medicine and other medical products which constitute a third of the operating expenses.

Financial Reporting

According to (Sarah, Elizabeth and Victoria, 2001) the hospitals obtain revenue by providing medical services, non medical services, through donations sourced from individuals, institutions and other donors or through returns from investments. This can generally be categorized into three where firstly operating revenue is obtained for the care given to a patient. On the other hand, revenue is also obtained from non patient care activities (Sarah et al, 2001).  Finally non operating revenue could be obtained from other business activities in which a heath care provider is involved. Services which can help a health care provider like a hospital to create operating revenue are the shops and other hospitality services-related businesses that may be within its premises. On the other hand the non operating revenue may be derived in investments made for instance in real estates, stock, securities and donations received.

In studying the health care finances it may be necessary to study some terms synonymous with the environment. For instance, a charge is the price the hospital or any other heath care provider has determined for each type of care being provided. However, the sticker price is usually subject to negotiation. A payment on the other hand refers to the amount of money the heath care provider actually receives for the service provided. It is worth noting that, this amount varies among the insurers and the individuals who are not insured. Finally there is also the cost which refers to the cost the hospital incurs in providing the service (Sarah et al, 2001).

There are some financial reporting practices that are unique with the heath care providers. For instance, the bad debts in a health care provider must be written off and then recorded as expenses. In addition, for any credit the provider gets it is required to pay an interest expense for the funds that have been borrowed. AICPA (1996) observes that the heath care provider do not pay the non salaried physicians who are instead paid by the insurer or the patient. Further more, the cost of equipment and other assets is also spread over the estimated life with the appropriate portion of the cost of purchasing the product treated as an expense with each accounting period. This spreading of cost over the estimated life of an asset is referred to as depreciation for tangible goods and amortization for intangible goods.

The financial statements for a health care provider are prepared by an independent auditing firm. In particular, the auditing firm examines the evidence that supports the disclosures in the statements. There are several documents used in the financial accounting of a health care provider. In brief, the income statement generally offers a presentation on how the provider has gotten the money and how money has been spent. The total margin is reflected in the income statement and is indicative of the provider’s performance and profitability.  However, non-profit providers may make profit but is ploughed back into the operations and not awarded as dividends. The excess revenues over expenses could also be hidden in instances where the contractual settlements with the payer are not certain.

The balance sheet is another statement which gives a quick reflection on the provider’s financial health. For instance receivables could be recorded as an asset with the accounts payable being recorded as liability. On the other hand, a cash flow statement gives an accurate account of the money out and in after subtracting the operating expenses. AICPA (1996) continues to observe that, non-profit health care providers are required by the law to file an IRS Form 990 on its financial information.



Source by Forest

Getting Divorced? Avoid These Top Financial Mistakes

Divorce is a messy affair that leaves you with half of what you had and can lead to denial of change. You are not only getting emotional distress, but you also can get into financial crisis. Economic implications of divorce last for quite a long time before you get back on your feet. Below are the financial mistakes to avoid during the divorce process.

Underestimating Your Expenses: A lot of people do have an idea of what they earn but can hardly tell where the money goes. Take note of all your expenses and create a realistic budget. As divorce will bring about a change of lifestyle, consider the cost of your future living expenses. Consider the inflation fluctuations of the coming months and factor it into your budget.

Keeping the Family Home: It is normal that the parent who gets more custody time of the children keeps the family home. This is one of the many financial mistakes that a lot of people make. Consider if you can afford to keep the home running. A house comes with many expenses, property taxes, mortgage, home maintenance, amongst other expenses. Avoid getting into financial trouble by considering first if you can afford the house you used to pay as a couple.

Miscalculating the Value of Assets: There are always headaches when you are splitting property. When it comes to the splitting of assets, whose value is changing, you will require a professional to calculate the worth of the assets while keeping in mind the increase or decrease in value over time. This way you will not be left with the short end of the stick and in a financial mess.

Failing To Take Insurance Cover on Alimony: You can only collect child support and alimony if your spouse is in a position to pay. With the death or disability of your partner then the payments will stop. In the settlement hearings, request that your spouse gets life and disability insurance. This works to ensure the payments keep coming even after the death or disability of your spouse. Ensure that your spouse has made all the right designations by reviewing the policy before finalizing the divorce.

There are a lot of financial hurdles to overcome during divorce. Professionals will help you get through the divorce and set you up with a budget to help get your life on track. Bypass many of the financial headaches that can possibly arise after dissolution with proper planning so that you can enjoy a stress-free future.

Source by Vincent M George

The Pros and Cons of Discount Travel Clubs

If you love to travel, but can’t seam to do it as often as you would like, you should consider looking into a good travel club.

My wife LOVES to travel the world as I am sure many of you do, but it was always so expensive. I am here to tell you, it does not have to be.

This is how travel clubs work.

When you think about it owning a resort property is just like any other business. They need a steady flow of customers to be profitable. Their unique challenge is, they also need a consistent flow of customers preferably evenly spaced throughout the entire year otherwise many issues start to become problems for them. To many customers all at once is lost business, probably to your competition. Not enough customers means empty rooms and lost business and revenue, which makes staffing as well as many other things VERY difficult.

The challenge is to keep a steady flow of customers, preferably evenly spaced all year long. But how do they do that?

One way resort owners have discovered to help with this is by affiliating with travel clubs to offer club members unreserved rooms at deep discounts. This helps keep a steady flow of customers all year long, and helps the owner keep a properly staffed business running.

Think about it from their perspective, would you rather have an empty room and NO income, and have a staff to pay with no customers to serve or income being produced? Or, to keep a good quality staff busy, have customers that may only be paying enough to cover your expenses with little or no profit?

It does not take long as a business owner to figure out that “when possible” you sell at full price, when necessary you take a discount and less profit, and when push comes to shove at least cover expenses to avoid taking a loss.

Even taking some loss is acceptable if it helps with staffing issues, inventory, food shelf life, advertising, budgeting, exposure and many other business issues. As long as it is not the norm, obviously.

Now, keep in mind, all travel clubs are NOT created equal.

The owner of the travel club is also doing business. He wants to provide his members with an attractive offer to build membership, but also wants to make money in HIS business, which IS the travel club. If the owner is more concerned about profit, than they are about giving value to their members, that club has a limited future.

The saying that just popped into my head was “It is better to have a little bit of something, than a whole lot of nothing.”

The resort owners are constantly negotiating deals (level of discount) with hundreds of travel club owners.

The owner of a particular travel club may have negotiated with the resort owners the best prices for his club, but if he is trying to make to much profit with his travel club, his members would NOT be getting the best deals!

It is very hard to negotiate however, without something the other party wants. Therefore, the more members you have in your club the easier it is to negotiate great deals. But getting lots of members is no easy task in itself.

The most successful travel club owner has figured out how to build a large following (with minimal cost) so they have the leverage to negotiate great deals other clubs can’t, but because of their low overhead they can pass most of the savings along to their members.

We all know that the BEST form of advertising is, word of mouth. As luck would have it, it is also the least expensive. (free) So, if you (as a club owner) were to pay your current members (for new memberships) to advertise by word of mouth or however they choose, and generate members for you just by telling potential members about your club and the huge savings they had received, you would have a growing membership with minimal expenses, therefore, you could pass dramatic savings on to your members which in turn would help generate more members more easily and get better discounts.

As I stated earlier, not all travel clubs are created equal, just as with any other business. You must do your research to find a club that offers a large inventory of locations, at deep discounts to its members, without charging too much for their membership. That travel club will continue to grow in size and value, and provide you with a lifetime of deeply discounted travel for minimal cost so you can travel the world and enjoy what the world has to offer.

Travel clubs can be a great opportunity to save your hard earned money. Just make sure you do your research and find the right one, otherwise you are not going to get the most value possible for your money.

Good luck, and I’ll see you on the beaches of the world.

Source by Timothy L Phillips

Eating Gluten Free – Is Mustard OK?

Is mustard gluten free? In its raw seed form, yes, but when it is mixed into prepared mustard paste, flour, beer, or malt vinegar is sometimes added. This is a “read the label every time” products but if the ingredient list doesn’t include flour, beer or malt vinegar, go ahead an enjoy it.

Commercial mustard comes in many forms from raw seeds to powdered mustard flour to rich creamy or oily spreads that go well with roasted meat and in sandwiches.

Mustard seeds are tiny round seeds – about 2mm or less than one eighth of an inch in diameter. The seed color ranges from almost white to black. These seeds are naturally gluten free and are vastly different in size from any gluten containing grain. When the seeds are separated from the pods and stems, a sieve with very small holes will also separate out any volunteer gluten-containing seeds. Most commercially exported mustard seed comes from Canada, the Russian Federation and Ukraine.

Mustard seeds are mixed with water, vinegar, oils, and other spices and flavourings to make the spreadable prepared mustard pastes. Depending on the type of seed and the processing traditions, the final product ranges from white to bright yellow to black. The seeds may be crushed into a fine powder or left whole. Prepared mustards may be thick or quite thin.

Dry mustard, mustard flour or mustard powder is very finely ground mustard seeds. It has a flour-like texture but it does not contain wheat flour. Mustard powder is often added as an ingredient in other commercially prepared foods as a flavoring agent.

Wheat flour is sometimes added to prepared mustards to adjust the texture, taste, and cost of the product. If wheat flour is added, it must be listed on the ingredient list. Beer is occasionally added to specialty mustard, making the product not gluten free it must also be included on the label. Malt vinegar does not seem to be used in commercial prepared mustards, but it often appears in recipes for home made mustards. If so, the mustard will not be gluten free.

As a summary, mustard has a very low risk for cross contamination at planting and harvesting. A few commercial prepared mustards use flour or beer as an ingredient. Homemade prepared mustard may use beer or malt vinegar. Don’t worry about mustard powder or seeds used as an ingredient in other condiments like mayonnaise or salad dressing.

Source by Sue Newell

Guide for Accountants on How to Survive the Busy Tax Season Marathon

Robins chirping in the backyard, geese flying back north, opening day of baseball season, the smell of blooming flowers……

Sure signs of spring.

Long hours at the office, short weekends, little time with family and friends…..

Sure signs of Busy Season for many accountants.

We all know Busy Season is that work marathon that so many accountants run each spring to get their work done before taxes are due. To be able to compete in such prestigious marathons as the Boston Marathon, takes a great deal of training and you must be in peak physical form. But even to run the ‘Busy Season’ marathon, you must be in shape – both physically and mentally. And, number “crunching” does not count as an exercise.

Exercise is not only important for your body’s health, it is also important for your brain. According to a study done by the Department of Exercise Science at the University of Georgia, even briefly exercising for 20 minutes a day improves information processing and memory functions. This means you also get a brain boost by hitting the gym or going for a jog.

Many accounting firms provide fitness credits or even have fitness classes within the office to keep their employees in shape. Some firms sponsor a variety of employee sports teams and clubs including running, scuba diving, curling, hockey and cricket to help their accountants have fun and reduce stress.

And during the chaotic times, many firms offer stress busters which can range from chair massages to bean bag throwing contests. But, what seems to make stressed accountants the most happy is food. Some firms will provide their staff with treats like ice cream socials, catered meals or breakfast on those “I want to hit the Snooze button again” Saturday mornings.

While food can be a big incentive, it can also lead to problems as many people will use food to relieve stress. A 2010 study from the University of Michigan showed that when levels of the stress hormone cortisol, were boosted in healthy, non-stressed adults, they ate more snack foods. Many nights at the office can result in late night snacks and trips through the fast food drive through.

And then there is coffee – the official beverage of Busy Season. For some it is what is needed to start the day and stay alert. And for others, it is what is needed all day long – it really could be listed as a dependent on their tax return. A study by researchers at Duke University Medical Center shows caffeine taken in the morning has effects on the body that persist until bedtime and amplifies stress consistently throughout the day.

The long grueling days in the office can also have a major impact on one’s sleep. Sleep is essential to allow your body to function properly. Not only does a lack of sleep increase stress and cause one to be irritable – sleep deprivation can have many negative side effects including overeating, headaches, and lack of judgement impacting decision making. A recent study performed at the Sleep Disorders and Research Centre found that sleepiness takes a significant toll on effective decision making. A good night’s sleep is important to accountants to help them make accurate and informative decisions for their clients.

Potential Unlimited, a coaching and stress management firm, works with accountants to help them avoid burnout and stress during this hectic time offers a few tips.

– Don’t skip breakfast or work through lunch just because you’re busy. You’ll become fatigued or starved and end up filling the void with junk food. Instead, fuel up at regular intervals on foods like fruit, nuts, and yogurt. These foods are healthy and easy to pack.

– Get a good night’s sleep.

– Don’t use food to relieve your stress. Try stretching, deep breathing, or a little exercise instead.

– Exercise is a great way to manage stress levels. Even just 20 minutes a day can help keep you energized. Or if you have to, modify your fitness program during busy times. If it takes too much time to go to the gym, then do light exercise at work. Take the stairs or walk to work.

– Limit caffeine.

– Be sure to build time into your schedule for the important people in your life – your family and friends. Work-life balance is so important.

– Try meditation.

– Laugh.

Not only does Busy Season take its toll on accountants but also on the families of these professionals. Some spouses consider themselves to be “tax season widow(ers)” during this time as their accounting spouse becomes married to his or her job.

“The increased workload requires sacrifices from the accountant’s family who don’t get to see their loved one as much as they would like”, says Barry Heaney, Chartered Accountant at BDO and father of four young boys. “But the light at the end of the tunnel for most accountants’ is the chance of getting some extra time off during the summer when things typically slow down at the office.”

While it may not be considered part of the Income Tax Act, there are some unwritten rules when it comes to this time of the year for accountants. No weddings or births should be planned during this time. And needless to say, no one would want their birthday during this hectic period.

There is a finish line at the end of the marathon.

A beautiful afternoon round on the golf course, a nice evening out with family or friends, a day at the spa, a well earned day off or vacation….

Sure signs of the end of busy season for accountants.

Source by Jeff Paul Oestreicher

An Introduction To Real Estate Property Management Software

The real estate market is a booming industry. The success of the industry is a result of competition and the intervention of modern technology. Most people in the business prefer to use real estate property management software to stay ahead in the race. This software has been designed to cater to commercial and residential property, office buildings and apartments.

Real estate property management software is an effective and easy-to-use tool. This software helps people understand the real estate business. It is a quick response application that can store each detail of every transaction. This helps study non-payments and full-payments of rent, and maintains a detailed report of rent receipts and invoices.

Property owners are able to key inputs as and when required. The secured system is intelligent and allows changes from authorized personnel. Real estate property management software can evaluate an unlimited number of properties and units simultaneously. The software stores detailed data related to rent payments for all individual properties. This systematic approach eliminates any problems due to taxation.

Real estate property management software generates automated reports in cases of wrong payments and non-payments. The software does away with the practice of owners waiting for rent payments. All maintenance expenses or any extra revenue statements are regularly updated. The software also stores tenant information.

Residential property managers must select property management software that is most suited for their work. These applications are available with one-month money-back guarantees.

The residential property management system is considered to be time- and cost-effective for a manager and resident. The application can create a personalized website for an individual company in a relatively short time. This allows prospective and existing customers to visit the web site. This is a convenient method to view pictures of property, pay rent and submit maintenance requests.

Source by Josh Riverside

Car Donation – How To Turn Your Old Worn-Out Car Into A Nice Car Donation Tax Deduction!

If you’re thinking about a charity car donation I’m going to outline some of the facts you should know. You can receive a nice IRS tax deduction for your old car or used car and help someone in need in the process.

It’s called car donation or charity car donation when you give a charity organization your vehicle – automobile, car, truck, ATV, RV, airplane or any other vehicle which might or might not be in useable condition. In the U.S. charitable vehicle donations provide a great tax benefit for the donor and it’s rapidly gaining in popularity.

First you want to learn the mission of any charity you’re considering. If you have a specific charity in mind for the car donation do some research on it, especially if you’re not sure how reputable the charity is. There are many national and local charitable organizations that advertise in newspapers or on television and openly announce they are looking for car donations. You have probably seen some of these, but are they your best choice?

Sometimes charities will use the car donations themselves in their daily charitable activities – sometimes to transport people. Perhaps they may use it to transport people in need to doctor’s appointments, social worker appointments, hospital tests, etc. More often though the vehicles will be sold at auction or off their car lots to raise money for the charity’s programs or their general fund. Yes it is not common knowledge that many charities have their own car lots. Many Goodwill Industry stores have their own.

Many people do choose to donate their used and unwanted cars in order to help others. If you buy a new car or own a car that isn’t running, you can consider donating the car, truck, or other vehicle. You can also donate boats, RVs, ATVs, airplanes and other vehicles or even real estate depending on what your charity accepts. Your donation is tax deductible which helps you and the organization that you donated the vehicle to.

Day in and out, charities provide services and needed support to people in communities all over the nation. While some may receive government grants or private donations, this is never enough to take care of the many causes they pursue. Charity car donations are a planned part of the non-profit organization’s budget. These vehicle donations can make the difference in the kind of services they can offer. So if you donate vehicles you will help these organizations continue to function

In a nutshell, car donation means acquiring old cars from donors and donating them to charity organizations. There are car donation companies that are intermediaries or links between the donors and the people who benefited from these donations. They are a big help in funding for charities. Some companies even help organizations that do not have their own charity programs. The car donation companies can auction the donated car or other vehicle in the marketplace and the money is given to the charities or the car can be used by the charity organization or be sold on their used car lot.

When you give your car to charity you are given a charitable gift IRS Tax Receipt. The vehicle donations when made to a reputable and bona fide charitable organization are tax-deductible. The IRS allows the donor-taxpayer to claim a tax deduction on the estimated value of the vehicle up to $500. The donor of the car or vehicle must have title, so make sure you have it handy when you start the process.

Make sure to ask if the charity handles the car donations – have their own charity car donation program or pays an outside company to do it. If the for-profit company handles the car or vehicle donations, find out just how much money the charity receives from the sale and how much will go to the for-profit company.

You will see car donation program in just about every major city in every state in the U.S., including California, Massachusetts, Minnesota, New Jersey, New York and Michigan. There are no laws preventing charities from accepting these types of donations.

Some of the car donation charities you might see are: Target, Purple Heart, Kidney Foundation, Salvation Army, Goodwill Industries and various cancer organizations.

In any case you will greatly benefit for your charity car donation both in claiming a nice car donation tax deduction or benefit and in helping charities continue to operate so they can help people in need.

Source by Helen Hecker