Why Companies Should Hire a Legal or Financial Consultant

Running any business, whether it’s international or not, is no easy task. It requires a lot of hard work and research for a company to reach its goals. Thankfully, this isn’t something that companies have to do alone. In fact, it’s businesses can get help from outside resources in turning vague hopes into actual business goals. Here are some reasons why hiring a legal or financial consultant is good for companies.

Financial Consultant

Avoiding Financial Clutter

Companies, especially those that are involved with international investment, often have portfolios with no rhyme or reason. In the business world, this is often referred to as financial clutter. The problem typically arises when companies lack any kind of cohesive financial plan. International legal consultants, such as Dr. Shahram Shirkhani, specialize in helping companies come up with proper investment strategies by sorting through all of their finances.

Help Handling the Finances

Most people who run businesses are perfectly capable of handling their company’s finances. That being said, these same people often find it hard to make time to handle the finances. This isn’t because they lack the skills to do so but because other things get in the way. Sometimes it’s family, and other times certain aspects of the business require more of their attention. This is where a financial consultant comes into play. Not only can they help business owners sort out their finances, but they can also provide an independent view on the situation. The financial future of a company is too important to be ignored, and a financial consultant can give this prospect the dedication that it deserves.

Insider’s Look at the Industry

Unlike other people who are hired by a company, financial and legal consultants are able to provide a rare look into the rest of the industry. This is because they have the privilege of working with many different supply chains and organizations. This gives the consultants not only expert knowledge on how to deal with certain situations, but it allows them to provide detailed information about the rest of an industry to help companies keep up with industry changes. It also allows them to provide an in-depth look about problems that a company’s industry may be facing in a different sector. This gives the company plenty of time to look for a solution to the problem or to be armed with the right information prior to an investment in that sector.

Whether or not a company chooses to hire a financial or legal consultant is determined by that company’s individual needs. Just like any other service that a company may use, determining if a consultant is needed is based on the company’s perceived value of the service. In the end, however, it’s important for the leaders of a company to be brutally honest with themselves on whether such a service is needed or not. Using such a service doesn’t take away from a person’s ability to run a company, nor does it make them look weak. In fact, it proves that they care enough about their company to do what is right.

The several types of home mortgage protection

   There are several types of home mortgage protection. Some are designed to protect the lender should a buyer default on a loan. Others protect the homeowner in the case of job loss, injury or death. Costs for mortgage protection vary depending on the amount of the mortgage, the homeowner’s age, health and occupation.

home mortgage protection

Private Mortgage Insurance (PMI)

Private mortgage insurance, or PMI, protects the lender should a buyer default on the loan. Normally, a lender requires a buyer to put 20 percent or more as a down payment on a home. In some cases, a lender will offer PMI in lieu of the 20 percent payment. Once the mortgage has been paid below 80 percent of the value of the home, PMI may be removed. Recent federal regulations require lenders to notify the homeowner when the principal has dropped below 80 percent.

Mortgage Protection Insurance

Mortgage protection insurance, or MPI, is also known as mortgage payment protection insurance, or MPPI. The policy is basically a life insurance policy that pays the mortgage if a homeowner becomes disabled, loses employment or dies. Some MPI policies only cover the death of a mortgage holder, sending a check directly to the mortgage company to pay off the balance so that the heirs are left with a home unencumbered by a mortgage. In some cases, the company will pay if a homeowner becomes disabled or unemployed, paying the principal and interest payments directly to the mortgage company. Normally, those payments are for a specific amount of time, usually six months to two years.

Mortgage protection insurance provides protection for the homeowner in case of death, disability or job loss, while other types of insurance protect the lender should the homeowner default on the loan. In most cases, mortgage insurance is inexpensive and can provide peace-of-mind to homeowners that their mortgage will be covered should the unthinkable occur.

6 Tips for Hiring an Accountant

   There are a dizzying number of accountants out there, so how do you know which one is right for you? You can’t take chances with your finances. You need to get it right the first time. Here are just six tips for finding an experienced and trustworthy accountant.


1. Know Your Needs

Why are you looking for financial services in the first place? Do you just need seasonal help with your taxes, or are you hoping for a long-term partner to guide you as your business evolves? Be honest about your expectations to find the best accountant for you.

2. Look For The Acronyms

Public accountants (PAs) are the lowest rung on the accountant ladder, and certified public accountants (CPAs) are the highest. Depending on your state, you might also run into licensed public accountants (LPAs) and registered accounting practitioners (RAPs). Never hire an accountant without these qualifications. Always ask for proof of accreditation before signing on the dotted line.

3. Get A Referral

Instead of blindly scouring the Yellow Pages, ask your friends, family and business acquaintances if they have any recommendations for an accountant. This will ensure both their integrity and their trustworthiness. Some financial professionals report up to 90 percent of their business coming from word-of-mouth.

4. Ensure Their Availability

If this is your first business, you’ll probably have a lot of questions for your accountant. Make sure that you choose one with 24/7 availability or flexible office hours for clients. There’s no use in hiring a financial advisor who’s never around when you need them.

5. Ask About Prices

While most accountants charge by the hour, some will offer a flat fee or charge you only by the services you require. Others will tack on extra fees for things like phone calls or working lunches. Before you officially hire an accountant, sit down with them and hammer out the details of their cost.

6. Consider A Firm

If you have a large business with a lot of paperwork, a single accountant may not be enough for you. You might enjoy better service at a full-blown accounting firm like the kind run by Michael J. Yuda. They can manage your accounts, file your taxes and advise you on investments on a much larger scale than an individual person.

When it comes to money matters, only the best will do. Use these six tips to find an accountant that you can trust.

Thinking About Going Back to School? How an Online MBA Can Help You to earn more

   Going back to school is something that many people have considered, especially as the job market gets tougher and tougher each year. If you’re part of the growing group that thinks going back to school might benefit them, you may be wondering what you should go back to school for and what your target degree should be. While the answer is definitely up to your personal goals, going back to school to get an MBA can really help you in your working life for a variety of reasons, even if you’re just going to go back to school to get a degree online.

Keep reading to learn more about how an online MBA degree could greatly benefit you.

Earn More

One of the biggest reasons people go back to school is that they aren’t earning enough money. By getting a higher degree, you will be able to demand more money for the time you spend working. However, there are differences in how much advanced degree holders make.

One reason you should be considering going back to school for your MBA is that people who have an MBA tend to make considerable more than their counterparts who simply have undergraduate degrees or advanced degrees in business administration or other fields. Holding an MBA is kind of like your free pass to earn more money.

More Respect at Work

If you don’t plan on looking for a new job but feel like you’ve been passed up for promotions, getting an MBA degree can help you to move forward in your work, even if you stay with the same company. You’ll also get more respect from your co-workers and bosses who may value your ideas more and let you have more input.

New Career Options

If you’ve found yourself working in a business that simply no longer seems profitable because of advancements in technology, or if you’re simply working in a dying industry in the United States, getting another job if your company goes under isn’t always an option. That’s why it’s important to protect yourself in case something goes wrong.

By going back to school and getting an MBA, you’ll be able to enter different fields where you can actually find work. After all, an individual with an MBA is highly valuable in any company that’s trying to make a profit – which is pretty much every one of them!

Online Programs Provide Ways For Individuals to earn more

   An MBA program is beneficial for individuals who are interested in developing the skills to work in all types of industries. Business administration graduates can gain suitable employment with government agencies and employers in the private sector. MBA students can choose from a full range of specific concentrations that business schools offer. Although most master’s degree programs in business include specialized majors such as finance, business economics or executive management, an MBA is a well-rounded degree that fits the qualifications for various categories of occupations. An MBA program also provides opportunities for students to gain the expertise in their desired career paths and acquire the skills they need for advanced-level and leadership positions.

As a renowned degree program, business administration is considered a valuable investment by many business professionals and employers. Thousands of candidates apply to MBA programs each year. MBA programs provide graduate students with theoretical and hands-on experience to become successful business professionals in society. Since the 1950s, business administration has been a highly sought-after degree by aspiring students from around the world.

Over time, business schools began to broaden their specializations to the meet the ever-changing business environments. Additionally, online programs now provide ways for individuals with flexible schedules to complete courses and graduate while balancing their work and personal commitments. Many accredited business schools such as Ohio University offer online master’s programs and accept applicants for MBA with no GMAT requirements. Similar to the traditional programs, students of online programs have options to choose their desired concentrations and attend classes using distance learning platforms.

In addition to providing convenient methods to complete courses online, many business schools have designed shorter MBA programs that incorporate all of the required courses for each major. Some of the U.S. schools also offer international business programs where students can focus their courses on specific regions in the world. They can also study abroad and take foreign language courses. As business environments continue to evolve, business schools in many of the top colleges and universities will redesign programs and create new specializations to provide more options for students to acquire the right skills for successful careers.

Sending Money Abroad

   If you find yourself in the position of wanting to send money to another country, you are probably wondering what the best way to do this is. In some cases, this is a relatively simple process – for instance, if the receiving party takes credit cards, then this is no different than making a transaction in the United States. However, at other times this is not an option, and you have to find another way of getting cash to a foreign destination. There are in fact a number of different ways of doing this, but the one that you should choose depends on a number of factors such as how quickly you want the money to get there, and whether the person at the other end has a bank account.


If the person does have a bank account and they can wait for a week or so for the money to show up, then setting up an international bank transfer is a good option. This is when the money is transferred directly from your bank to the bank in the other country. You should be able to do this using your online banking facility, but you can always do this by going into your bank if they do not offer an online option. You will need the recipient’s account number, as well as their SWIFT number. You will also need their IBAN if they are located in Europe. Aside from that, you just need sufficient money in your account to cover the amount plus any transaction fees.

If the person does not have a bank account, then another option is to use an international wire transfer service. This should allow the recipient to pick up the cash at a wire transfer office in their country, provided that they have appropriate identification. In some cases, they can even pick up money without identification if you set a password on the transfer and the amount is not too large. As with any transfer, you will have to pay fees, although some wire transfer companies waive these for certain charitable donations – for example, you can donate to the Philippines through TransFast.com if you want to help the victims of Typhoon Yolanda.


Another way of sending cash overseas is to use PayPal. Some overseas merchants accept PayPal, so this will work in much the same way as if you use a credit card – and they will pay the transaction fees, not you. You can also send money to family and friends abroad if they have a PayPal account – if you do this, it’s a good idea to choose to pay the transaction fees at your end, since the amount charged is less than if the fees are paid by the recipient directly. The money should arrive in minutes in their PayPal account, but withdrawal times vary. However, if they want to use the money to make online purchases using PayPal, they should be able to do this right away.

Myriad Of Finance Options To Meet The Medical Expenses Of Your Pet At Times Of Emergency

   It is obvious that you are very aware of the health and the well-being of your pet. In spite of that there are instances of illness to affect your beloved pet. It is important for you to be prepared for such occurrences. A sound financial plan can help you to initiate the treatment procedures right on time, without worrying about the financial hurdle. If you are financially planned and prepared, you will try to cater the best medical facilities that are available rather than compromising on the quality of the treatment. Over the years, expenses incurred for catering medical facilities to the pets have increased considerably.

Financial help from friends

You can resort to a host of financial products that are designed to cover the medical expenses of these little creatures. In times of emergency, seldom you have any disposable cash at hand, so it is advisable to set apart an amount in advance, so that you can use the same when it is actually needed. For any emergency, you might prefer to seek help of your friends and families for finances. Though this might seem to be a feasible solution for some, but it totally depends on the nature of your relationship with the lenders.

Have a savings account

A viable option in this regard is credit cards, which are apt to use especially during medical emergencies. Few agencies are known to provide these cards, which can be used through the country in various clinics. These cards are known to provide loan for a short duration, in order to cover the medical expenses. Interest is levied depending on the loan amount and also the loan term. Next is the saving account for the pets, for this you need to contribute regularly adequate amounts so that the same can be utilized when required. You can earn interest on the deposited amount and there is not any provision of premium.

Insure your pet

Pet insurance is another option that is in rage now among the pet owners. It is considered to be an effective tool of risk management in incidences like serious illness, toxic attacks, serious accidents and other life-threatening incidences. Though you might get the money if your pet had not met the accident, but it provides peace of mind to the owner. You can avail both catastrophic and comprehensive insurances. In the second one, a regular checkup, cleaning of your pet are included. You need to assess the merits of the both and then decide, which is best for your pet.

Contract with institutes and vets

You can also contact the educational institutes or veterinary teaching hospitals, as they provide services at a competitive price. Often a vet is appointed, for the convenience of the pets. Be it the regular checkups or the grooming session of your pets, the vets are also responsible for this. So a contract with them will ensure the wellbeing of your pet. You can negotiate on the terms of the contracts and also on the rate of these checkups. Since the vet knows your pet well, even at times of medical crisis, your loved one will be provided with best care and treatment.

Avail philanthropic grants

Various grants are also catered by philanthropic organizations to help the pets when they are in need. Few funds are also provided for this purpose, no interest is levied on the amount. If you are not eligible to obtain other funds then this is the best one that you can opt for. Few of these finances are the result of long-term planning. To know the finance that suits you the most, you need to shop around various lenders and organizations that provide the same. Opt for the one that fits your budget seamlessly.

Author Bio: Wilma Giles works for an organization that provides pet supplies. Here she has shared her research regarding the finance options that pet owners can use during emergencies.

Financial Approval Will Put a Smile on your Face

   Everyone has a smile on their face when they first drive away with their new car. It does not need to be something straight off the production line. There are excellent used car dealers that have established a reputation for providing quality and reliability and plenty of choice. There is no need to think brand new when you can buy a competitively priced second hand car with many miles still in its engine.


Finance and the Environment

Increasingly these days people are thinking of the environment and their pocket. Where possible some people have opted to think about whether they can make do with a smaller car with better fuel consumption. It is not possible for a growing family but the performance of a range of small cars in terms of speed and acceleration will satisfy those who do not need a large car; and the reward will be better fuel consumption and a small contribution to the green lobby.

The UK is emerging from a difficult economic environment. Although confidence is rising the days of uncontrolled credit have been left behind. However some financial constraints that were imposed when the financial crash came have been relaxed. There are competitive financial packages available that reflect the low bank rate that has existed for a while now.

Monthly commitment

You can think about your budget and actually find out your monthly commitment and term of loan before selecting a car. You will need to provide some details of your employment and income supported by bank statements in order for any loan to be approved. If you get pre approval you can then take your time over selecting a car.

Reputable supply

Buying a car is second only to buying your house in terms of financial commitment; it needs careful thought and the assistance of a company like www.thecarpeople.co.uk/find-a-car/used-cars/sheffield that has built up a reputation over years. Such companies are likely to be based in the larger towns and cities where they will have a potentially bigger market and of course a large local source of vehicles to take in and examine. Used cars in Sheffield will be drawn from a large hinterland and hence you will have plenty of choice in that city and others.

People expect quality service and this certainly applies in the used car market where it is possible to buy a vehicle that looks better than it actually is. For that reason before any other you want to buy a car from a dealer that has done every possible check on behalf of themselves and their potential clients. You can certainly benefit from this. The financial opportunities available today certainly mean this is the time to act, especially as employment prospects look secure in the future.

Image courtesy of       stockimages/FreeDigitalPhotos.net

The financial benefits of growing older

   We’re all led to believe that we don’t have much to look forward to as we get older, but is that really the case? With medical research constantly finding new treatments and cures for health problems we can expect to live much longer than the traditional ‘three score years and ten’ of our forefathers.
So growing old doesn’t have to mean a life restricted to creaking knees, aching hips and an empty wallet.

Over 60 years of age

The Citizen’s Advice Bureau offers details of the benefits that people over the age of 60 can expect to receive, according to certain criteria in some cases.

The financial benefits of growing older

Although most people no longer qualify to receive state pension at age 60 there are still plenty of financial benefits available for the over 60s. Pension credit can help to top up your income even if you are not drawing your state pension, and other benefits include help with housing costs, winter fuel payments and additional cold weather payments which are available if the temperature drops below a certain level.

The age at which people can start to receive their state pension changes according to your date of birth, so check out the details available on the Citizen’s Advice website to find out how recent changes in pension law affect you and those nearest to you. Where you live in the United Kingdom also plays a part in the benefits you can receive and the age at which you can apply for them, so make sure you are armed with the most up-to-date information and claim your full entitlement.

Free prescriptions and eye tests are just two of the benefits available for the over 60s and many local health authorities organise special rates at certain times of day to anyone over this age, so check what it available in your local area.

Over 50s

Surprisingly, many financial benefits are available for those people who have reached the fairly young age of 50. Newspapers and journals constantly bombard us with the information that middle age now begins at 50, but many service providers consider people above this age to be of particular interest.

Most people over the age of 50 are reasonably financially stable and have good incomes after many years of hard work. Children have usually left home meaning that a household has more disposable income to hand, and with the flightiness of youth long gone, this age bracket is considered to be sensible, safe and mature. This is why home and content insurance for people over 50 is so competitive, with some companies dealing exclusively with this age group.

It’s a similar story with car insurance as companies recognise the safe driving habits of those drivers who have many years of driving under their belts. Premiums drop accordingly and the savings to be had by shopping around can be quite considerable.

Concessions can be found across a wide range of entertainments and activities, so it’s worth looking out for special deals in cinemas, theatres, restaurants and other venues.

Image credit : FreeDigitalPhotos.net Renjith Krishnan

How to Find the Best Deal on Your New Car


When shopping for a new car you want to make sure you’re getting it for the best price possible. You can do a lot of work when negotiating and haggling the price with the sales person, but if you’re smart you can save yourself money before you even arrive at the dealership. Use these tips below to ensure you get the best price possible.


Understand What You Want from Your New Car

You will have so many options open to you when it comes to buying a new car. The amount the car will cost you will greatly depend on the choices you make. If you have your heart set on a specific colour remember that it will cost you more to have it manufactured, wouldn’t it be easier to simply buy the colour of the model that is sat on the forecourt? It will certainly save you time and money! The same goes with the optional extras too. Do you really need the higher specifications? If the specs are important to you consider buying a model that’s generally cheaper so you can have the extras.

Play the Dealers Off Against One Another

Many dealerships aim to beat other dealerships on price. There is usually only a small margin to play with but you may be able to persuade the dealer to make a further discount if it means they’re going to close the sale. When buying a car on finance the seller will often be in line for some commission, so they are more likely to be more flexible to ensure they hit their targets and to improve their wage packet for the month. Ask the dealers for their lowest possible price with all fees included and then try your hand at encouraging one dealer to go lower than the other, you never know, it could work out nicely for you and the salesperson.

You Have the Internet, So Use it to Find the Right Deal

Begin your search by using the Internet to your advantage. You’re already researching before heading to the dealership by reading this article so you’re already on the right path. The Internet will help you to avoid the difficult negotiation process from the start; you can begin by comparing prices from the comfort of your own home. It saves you a lot of time as well as money.

The Internet is like the backdoor to the dealership sales department. You can visit websites and find the going rates for the car you want and even use contact forms to ask for some more detailed quotes without having to have a conversation. This is perfect if you know you lack confidence when it comes to negotiations. It’s also useful when you are still in the process of working out what you can afford. A great place to start is cars.co.za. They have a wide selection of dealers so you can find new cars and the best prices and deals in your area or in your budget. Now you know where to go we recommend heading over and spending a few hours seeing what’s available.