Finance Tech

An economic expert can turn any court case around and help a company in need. Although not every expert needs to be an expert witness, their abilities are endless in court and can help turn around a case in your favor. Here are some of the best things to look for in an economic expert when hiring one, and why it’s essential to consider each factor.

Case Matter History

Unless you’re getting an economic expert fresh out of college, the potentials you speak to will have a work history. Ask if you can look at the previous cases that they’ve helped with. When you receive this information, there are a couple of things to consider.

First- how did the cases turn out? Is there a win or loss percentage in their favor? Do you think they had much of a hand in those wins or losses, or did other evidence come up to sway the case?

Secondly- what was the case over? Think about the case’s content matter, what caused it, and whether that ties into what your business needs. Even if someone has worked dozens of cases, if none of those cases align with what your company needs, you might as well be working with a brand new witness.

Cost of their Services

How much can your company afford? An expert witness can charge anywhere from a hundred to six hundred dollars per hour in court, which can add up quickly. Consider what your budget is for your court date and whether there’s room in it for them. Don’t be shy to ask for their rates, and consider shopping around if you can’t find what you need.

Style in Court

Their facts and numbers are useless if they don’t have a right presence in court. Look at how they’ve done in previous cases, and if that matches how you’d like your chance to be presented. Although you should still care about their numbers and their wealth of knowledge, court cases- especially those with a full jury- can often turn into a personality contest.

It would help if you tried to find a professional who can be severe with the information and is extremely capable of dumbing it down for everyone in the courtroom. An excellent reason for this is that someone who can simplify complex information has a deep understanding of it. Not only will it help you find someone personable, but they’ll also be incredibly skilled in their field.

Availability

If your company has a lot of use for an economic expert, and you know you’ll have to hire them on again soon: look for one that doesn’t currently have a huge caseload. You want to find someone who can devote their time to your company. Consider, if it’s needed, hiring an economic consultant to work exclusively with your company. It may be a good idea to work with them on a case or two first to see if they mesh with your company, and then go for it! They’re fantastic professionals.

 

Let’s face it – we’ve all forgotten a birthday or two in our day. While this is nothing to be ashamed of when you’re hard-pressed for time, you’ll need a quick gift – and we’re here to tell you that a gift card might be the lifesaving gift you’ve been looking for.

Gift cards are fantastic because it takes next to no time to get them, there are so many options out there, and you can be sure that your conferree will love it.

Gift cards encompass all the things that make a present ideal. They’re adaptable, versatile, and easy to use. Perhaps the best part about gift cards is that if you get a more general option, the birthday boy will be able to purchase anything they like, but the present is still from you.

That means that you’re actively getting someone exactly what they want without even having to think twice about it.

For all those who’ve forgotten to buy a birthday present, A Red Gamer has a couple of gift card options that make ideal last-minute presents.

Amazon Gift Card

There are more categories, niches, and options when it comes to gift cards than you can imagine. If you can’t be asked to think one up, you can never go wrong with an Amazon gift card. There are more products on Amazon than a person can ever need, and getting someone an Amazon Gift Card as a last-minute present will give them the ultimate gift of purchasing power.

If someone wants anything, chances are they’ll find it on amazon, and by getting them an Amazon gift card, you’re giving them exactly what they’re looking for.

Amazon gift cards are the be-all-end-all of last-minute presents, and you can get yours at A Red Gamer.

Netflix Gift Card

What if you’re looking to give someone the other kind of be-all-end-all gift, the gift of limitless media, shows, and movies? Well, if that’s the case, you’ll want to get them a Netflix gift card. Netflix is the world’s most popular streaming platform, and the selection keeps growing by the day.

If your gift recipient is a movie or show buff, they’re probably already using Netflix. By giving them a Netflix gift card you bought at A Red Gamer, you’re giving them more and more time on the platform.

Netflix gift cards are the perfect last-minute gift because, just like Amazon, you don’t need to think about it too much. Everyone loves some show or movie, and the chances are that it’s on Netflix, so don’t think, buy!

Gaming Gift Card

If you have that exceptional little PS gamer in your life, they’ll appreciate a PlayStation Network gift card. A PSN gift card can be redeemed for all sorts of things in the PlayStation network. A PSN gift card gives your giftee some virtual currency that they can purchase games and in-game purchases with, which is exactly what that little gamer in your life is always looking for.

Say that the little gamer in your life prefers the other side of the coin, Xbox. Well, A Red Gamer has all kinds of Xbox Live gift cards as well. Just like the PSN gift card, the Xbox Live gift card can be redeemed for everything from games to in-game purchases.

If you know a gamer and aren’t sure what platform they’re keen on, 99% of the time, it’s going to be PC. PC still reigns supreme in the gaming world, and the most popular platform on PC is Steam. A Red Gamer also stocks Steam Wallet gift cards, and if you thought Xbox live and PSN had a vast selection, you haven’t seen the sheer volume of stuff on the steam store.

Whatever the case may be, if you’re looking for a last-minute present for a gamer, going with one of the three gaming gift cards will be the ideal solution.

iTunes Gift Card

Products are outstanding, games are fun, and shows are exciting – but ask yourself the following question:

“What kind of media ties all of humanity together?”

Some people aren’t sure what kind of product they like, some don’t watch shows or play video games – but everyone likes music. If you want to give the gorgeous gift of music, you’ll want to give an iTunes Gift Card.

iTunes has more music, videos, applications, podcasts, and anything you can imagine. If you’re getting a gift for someone with an Apple device, you don’t need to contemplate or think about anything – buying them an iTunes gift card from A Red Gamer will be the best option by a long shot.

The Bottom Line

Gift cards make the perfect last-minute presents. They’re easy to purchase, there are more options and price ranges than you can imagine, and they’ll always be useful for something. It’s a great and stress-free way to give someone a personalized gift without having to think about it too much.

 

When dealing with sophisticated financial arrangements (SIPP is one of them), you need advice from a pension SIPP expert you can trust. Luckily, many financial advisors are professional and diligent in what they do. However, mistakes do occasionally happen. In some cases, SIPP financial advisors do things they should not be doing when handling a pension SIPP. If you have been paying for a pension managed by your financial advisor and ended up losing your money, you can make a mis-sold pension claim. This article will discuss what SIPP pension is and what qualifies you to file for a claim. Read on to find out!

What is a SIPP Pension?

Self Invested Personal Pensions are designed to offer better returns than investment funds or standard pensions. In this case, an individual uses their pension pot to make several investments into funds. Over a certain period, these funds’ value goes up, giving the individual a healthy return to finance their retirement.

A SIPP pension is that which involves an individual moving their pension funds into extremely high-risk investments. These pensions carry a risk because your investment can either decrease or increase in value. This means that you can get less money back than the amount you invested. This type of pension allows an individual the flexibility to invest their pension in a manner they prefer. SIPP pensions are meant for individuals with experience in investing and know-how to manage their own funds and regularly switch their investments.

Making a Claim for Mis-sold Pensions

There are certain situations that can qualify for a mis-sold pension claim. The criteria discussed below highlights the most common areas for SIPP pension mis-selling.

· The explanation of risks: Were there any risks linked to the pension scheme that the financial advisor did not explain to you?

· The suitability of the investment scheme: Are there chances that the SIPP investment was an unsuitable scheme? Even after learning that the scheme is not suitable for you, did the financial institution still advise you to move your existing private pension funds to a higher return scheme?

· The unexplained fees: In your pension scheme, were there any unexplained fees? Did you find any additional costs that you hadn’t planned for? Were these fees attached to the SIPP investment that you were not made aware of from the beginning?

· Pressure selling: When you were taking your SIPP pension, were you under pressure to move your pension into a scheme you were not comfortable with or didn’t actually want?

· Losing of the investment: At the end of the pension scheme, did you lose your investment? Are there any losses that have occurred as a direct result of the financial pension scheme?

There are cases where SIPP fund managers have been found working with unregulated third parties. This can be very dangerous because if an unregulated third party manages your investments, you don’t have control over your funds’ destiny. Whenever any risky investments are made, you won’t be able to stop or control them. In case something backfires or goes wrong, the FCA won’t protect you because third parties are not regulated.

This kind of situation has resulted in many people losing a large percentage of their SIPP pension funds— in some cases, they lose all of the funds. If this happens to you, you can claim your funds. You can end up reclaiming your funds and using them on a better scheme.

Mis-managed Pension SIPP Compensation

Calculating the total amount of money you will receive for your claim is a complex process. It is of essential to keep in mind that you may be entitled to this claim if the Pension SIPP mismanagement is approved. You won’t spend anything on finding out if you qualify to make a pension SIPP claim. If you don’t have a SIPP claim, get professional solicitors to handle the situation for you.

The Role of Financial Advisers

Financial advisor has to guide their client to make wise financial decisions. They owe their clients the duty of care, not just in the products they suggest but also in how they are managed. In case you have lost funds because your pension SIPP has been mismanaged, you can make a SIPP claim.

Many solicitors deal with any form of pension. You can go for one that deals with compensation and mis-selling of different types of pensions. This can include SIPP mis-selling and any other kind of pension.

It is vital to work with a company regulated by the Solicitors Regulatory Authority. Furthermore, they should always keep their communication lines open, making it easier for you to communicate whenever there is a concern. Sometimes, determining whether you have been affected by incorrect pensions or SIPP mis-selling can be a very complicated process. Let experts handle it for you.

In the days of the offline casinos, people had learned cheat tricks and they could manipulate the machines to gain money. Cheaters would use magnets, special coins and strips to trick the machines.

Today, most of the slots are played online, so software developers have mastered the tricks and loopholes and done their best to seal them. Cheaters have tried many ways to trick the software, but very few, if any, have succeeded.

Using software 

Real money slots are common and many people look for chances to win real money using them. The temptation of winning big drives some players to think of ways to hack the online slot machines.

One of the ways they try is by using hacking software that can run parallel to the slot software. The online slots use RNG the ensure each spin is totally different from another previous one. The cheater tries to use software to manipulate the RNG but it’s almost impossible to outsmart it.

Mobile phone tricks 

Someone might be aware of the iPhone tricks used to enhance the phone’s life. Hackers have tried many times to install hacking software to cheat online casino slots for profit.

The online poker and casino software is usually cheat-proof but sometimes one can succeed using illegal software. The challenge is that the software is usually more dangerous to the phone than to the casino software.

Many phones crashed or had the data stolen when illegal or unverified software was installed on them.

Strategy botting

These are programmed software that runs gambling numbers automatically day and night. If the player is lucky, he can gain a lot of money. Unfortunately, gamblers rarely make it through. The casino software is monitored on 24/7 strict schedules to detect any queer interruptions of the software.

Player colluding

This method has nothing to do with software hacking but it involves a group of players who want to get rich fast. They pool their money to support one player to play the best slots and win big so that they share the money won.

The practice may not sound illegal, but many casino owners discourage it because, in most cases, it results in the group trying to hack the software if they fail to reap big, especially if they were eyeing for the jackpot.

All in all, hackers will always try their luck but the software developers understand the dangers too well and keep upgrading the casino software to make sure it’s cheat-proof.

 

Hey, there!

Are you planning to hit the jackpot?

Yes?

And are you planning to look for ways that can make it certain that you hit it?

Well, then you are in the right place! We will provide you with the best tips and tricks that can tremendously improve your chances of hitting that jackpot and getting all the money in your hand.

Let us wait no more and get to those tips and tricks!

Tip number one: Consecutive numbers? No, thank you!

Guys, you read that right.

You need to say no to consecutive numbers if you really want to have a chance at winning the lottery.

It’s not going to increase your chances; if anything, it might just decrease them.

So first rule: do not go for consecutive numbers!

Tip number two: Bulk buying? Bulk buying!

Grab as many of those lottery tickets as you can – but don’t go too crazy!

Having more tickets can increase your chances of winning, obviously. It’s basic math!

More tickets, more chances. Makes sense, right?

But remember: do not go completely crazy with the tickets.

Maybe make a plan, see how much you can spend on them, how much you can’t, and EVERYTHING you need to know.

So before you rush and get yourself a bunch of more tickets, make sure you can afford it. And even if you can, make sure it is a wise decision, which leads us to our next tip!

Tip number three: Say no to wasting your money!

Yes, it can be intriguing to buy a bunch of lottery tickets if it can increase your chances of winning.

I mean, if you end up winning, it will all feel worth it in the end, right?

As much as that may be true, what you need to consider is that everyone has an equal chance of winning, and well, everyone has an equal chance of not winning.

Now imagine, you spend so much money on buying many lottery tickets, thinking that when you win, it will all be rainbows and unicorns.

But what if you don’t?

That is precisely why you need to lay out a plan, see if you have enough money to spend on those lotto tickets, see if it would be a wise decision to do so even if you have the money – that includes looking at your expenses, your debts, etc. You get what we mean, right?

Moving on to the next tip!

Tip number four: Don’t toss away the losing tickets

You didn’t win the ticket, you’re sad, you lose all hope, and you just want to toss away the ticket in anger/sadness.

Stop right there!

First, think with a calm mind.

Now, you might want to hang on to that losing ticket. Why?

Because you can actually win some prizes!

Several games have second-chance lottos that you can use and still have a chance of winning some cash!

A little tip within this tip: get the cashier to scan them; who knows, maybe you overlooked the winnings? You can get some cash to keep you motivated.

Tip number five: Make your way to the win with the losing tickets!

You got one losing ticket?

Two?

Three?

More than that?

Don’t worry, and don’t give up either!

Each scratched card is bringing you closer and closer to your long-waited win!

(Don’t forget to consider tip number two over here)

Tip number six: Get yourself into that pool of lottery ASAP!

You can join lotto players as a group.

How may that help you?

Because, that way, you get to increase your chances of winning without having to spend a lot of your money, and you can share your losses in case you don’t win.

Plus, the cherry on top: it is way more fun playing in a group!

Tip number seven: Prepare a clever strategy!

One very important thing is preparing the strategy.

The combination and the thinking that you will be going for.

Focus more on the combination of numbers rather than focusing on individual numbers.

Now, you may even have a strategy prepared. But the thing is, it may not be a good one.

But that’s okay! Take advantage of the internet you have and search up some lottery strategies that do not work, research some more about it, and you will be good to go!

So, guys, a strategy is IMPORTANT!

Tip number eight: Double triple check your number!!

We cannot stress enough the importance of this tip.

Yes, it may sound shocking and not believable, but it really is. People often tend to lose their winning ticket just because they don’t double or triple-check their number.

Imagine the pain of knowing that you could’ve won the lottery ticket but couldn’t just because of a small and silly mistake!

We would never want you to go through that, hence this tip.

So Remember to always –ALWAYS – double or triple-check your numbers before you toss them away.

Maybe even write it down in your diary or somewhere and verify it – better safe than sorry, right?

That’s all we have for you, guys!

That marks the end of this long and thorough article on how to make sure you not only hit but smash that jackpot!

With these tips and tricks that we provided you with, you are well equipped and ready to go inside this world of lottery tickets, and you are ready to own that lottery ticket.

(Although, don’t be so overconfident! The chances of winning a lottery ticket are low – not to demotivate you!)

Another little tip for you: If you are from New York, you can buy your tickets from here – they even have New York lottery results available!

The landscape in the gambling industry has undergone significant changes since the turn of the century, sparking plenty of debates about legislation and regulation.

Online gambling has transformed the industry, providing people with much easier access to the best slot machines, casino games, bingo and sports betting.

With annual global revenues predicted to rise to more than $90 billion by 2023, it is easy to see why lawmakers are eager to ensure that gambling legislation is fit for purpose.

Read on as we take a look at some of the latest regulatory developments in one of the biggest gambling markets in the world – the United Kingdom.

Government Announces Gambling Review

The UK’s Secretary of State for Digital, Culture, Media and Sport (DCMS), Oliver Dowden, has confirmed that the 2005 Gambling Act will undergo a rigorous review.

The DCMS will examine whether the Act is fit to serve the technological demands of the industry, particularly with regards to advertising standards and consumer safeguards.

The review will also assess the protection of under-aged gamblers and look at the systems governing operators in breach of their social responsibility requirements.

“Whilst millions gamble responsibly, the Gambling Act is an analogue law in a digital age,” Dowden said. “From an era of having a flutter in a high street bookmaker, casino, racecourse or seaside pier, the industry has evolved at breakneck speed.

“This comprehensive review will ensure we are tackling problem gambling in all its forms to protect children and vulnerable people. It will also help those who enjoy placing a bet to do so safely.

“This builds upon our clear track record of introducing tough measures to protect people from the risk of gambling harm – banning the use of credit cards, launching tighter age verification checks and cutting the maximum stake on fixed-odds betting terminals.”

Gambling Expert Questions the Need for Review

A respected expert on the gambling industry has questioned whether the legislation in the UK needs a comprehensive review.

Richard Williams, Gambling and Regulatory partner at law firm Keystone Law believes that the current rules are not as outdated as the government has claimed.

He argues that while technology has moved on since 2005, the argument that all gambling took place in land-based venues is a false one.

Williams points out that the Act already regulates remote gambling using the internet as many operators had already launched online sites before its publication.

“If politicians took a history lesson, they would see that the current legislation is not so antiquated and, in my view, could easily be modified to deal with areas where technological developments have encouraged irresponsible gambling,” he told Gambling Insider.

“Any review of legislation should concentrate on higher risk activity, such as online casinos, where vast sums of money can be lost in a short space of time.

“Controlling this higher risk gambling activity could already be achieved through tougher license conditions and revised technical standards.

“In my view, therefore, it is not necessary to replace the entire Gambling Act 2005 Act with new legislation to deal with these issues.”

UK Watchdog Calls for Tech-Based Approach

Proposed regulations from the Competition and Markets Authority (CMA) relating to the governance of ‘Big Tech’ could have an impact on the gambling sector.

A new digital watchdog is expected to be created, which will establish enhanced standards of behaviour for any business who use tech.

This will include stricter controls over mergers and a set of provisions that may force companies into sharing selected data with third parties.

CMA CEO, Andrea Coscelli, says that any regulatory changes relating to the current digital landscape should be informed by recent developments in the FinTech industry.

“Effective regulation means not being afraid to try using new tools and approaches,” he said. “Our work on open banking, for example, has demonstrated the potential that opening up access to data can have in driving innovation.

“We recently announced that users of products enabled by open banking topped two million – demonstrating clear demand for these services which have been enabled by this intervention.”

Software Giants Get Set for Change

Leading gambling tech developer Playtech has already taken steps to prepare for changes to the legislative landscape in the UK.

The company has integrated Affordability UK into its Information Management System (IMS) platform to support operators in meeting new regulatory requirements.

Affordability UK can accurately identify customers whose gambling spend may be unsustainable, thus allowing operators to make early interventions.

The system, which is supplied by eKYC and fraud detection specialists TruNarrative, should prove to be an invaluable tool in tackling problem gambling.

Ian Ince, Chief Compliance Officer of Playtech, said: “As regulatory requirements around the sustainability and affordability of gambling become ever-more stringent, we want to ensure we can empower operators to meet these requirements and protect their players.

“With Affordability UK, we can offer a sophisticated, market-leading solution, backed by some of the most comprehensive data available. Backed by IMS integration, it can deliver a seamless experience for operators.”

 

Since the coronavirus pandemic started, the whole world has changed. The pandemic has affected all aspects of our lives, from how we go to work, shop, travel, interact with each other, pay for services, and pretty much everything else.

Every market has been affected by the Covid-19 pandemic – most of them in a negative financial way – but life goes on. People have to live, and businesses need to find a way to adjust to the new world.

Cryptocurrencies are no exception. Keep reading this article to learn about the state of crypto now and in the future, from the expert team at BitcoinCashpoint.

The Cryptocurrency Market

Bitcoin is a decentralized, digital currency that passes over the middleman, such as financial institutions and banks, and makes it possible to participate in trade worldwide even without a bank account of one’s own: A democratic currency model in the best sense of the word.

Like almost every other market and business in the world, the cryptocurrency market has been affected by the pandemic. If you are a trader or you are looking to get into the market one way or another, knowing how the market is coping during these times is essential.

Luckily, the experts at BitcoinCashpoint are willing to shed some light on the current state of the crypto market. At BitcoinCashpoint, they expect the market to bounce back eventually. Here is what they have to say.

The Effects of Coronavirus on Digital Currency Volatility

As soon as the world recognized that the pandemic was global, the whole crypto market started declining. Between February and March 2020, the entire market lost over half of its value. According to BitcoinCashpoint, the total value of all the cryptocurrencies dropped from $308B down to $118B before the second half of March.

For example, the most known digital currency in the world, Bitcoin, was valued at $10,500 in February 2020, and by mid-March, it was worth less than $4,100. Ripple’s digital token, called the XRP, dropped in a similar way, and it lost around 65% of its value during the same period.

Other big digital currencies also suffered. Ether fell by almost 70% within a similar period. During certain periods the stocks and currencies of the market both lost value. However, during other times, Bitcoin improved its value rapidly as the stock market plummeted.

That’s one of the first events of its kind on the crypto market. The people at BitcoinCashpoint even named the phenomenon “decoupling” since Bitcoin has never moved in such a drastically different direction in terms of value compared to stocks.

People are Questioning Bitcoin Safety

All of the crypto analysts swore by Bitcoin and were sure that this was one of the safest assets on the planet. Even during geopolitical and economic turmoil, investors could always rely on Bitcoin. BitcoinCashpoints reminded everyone of 2013 when people in Cyprus purchased Bitcoin to preserve their money as their banking system was in jeopardy.

This event triggered the rise of Bitcoin in value. So many people wanted it that it rose by roughly 80% in just a month. Just two years later, Bitcoin’s value climbed yet again when Greece had troubles with its debt. Everyone was buying Bitcoin to protect their financial stability, and this is when analysts started seeing Bitcoin as digital gold.

For a long time, Bitcoin’s value have been growing. That’s why so many traders and analysts put so much faith in it. However, when the effects of the coronavirus started to kick in and affect the crypto market, people weren’t so sure about Bitcoin.

However, even after falling down for a short time, by November 12th, Bitcoin had a value of over $15,000. It bounced back really quickly even though the overall market was dropping, which is why the people at BitcoinCashpoint are convinced more than ever that Bitcoin is a safe investment. For more details check the Bitcoin price index.

Many Saw the End of Cryptocurrencies

In less than a month, the prices of all cryptocurrencies fell during the spring of 2020 when the coronavirus spread globally. As we mentioned earlier, the decline in crypto currency value was so big, it scared a lot of people from investing any more of their money. Many currency holders suffered a lot of loss and looked for ways to sell their assets.

It turned out that they’ve made a colossal mistake. Even though the fall was high, currencies recovered in just a month. In fact, they bounced back so quickly that you won’t see the changes in many statistics. The biggest reason for why the value fell is that a lot of people got scared.

Everyone was looking to sell. Some because they were afraid of the virus, some because they needed cash to go through the pandemic, and some simply believed what they’d read online. For example, in March 2020, the value of Ethereum was under $250, but now it’s close to $500, more than the pandemic took place. For more details check the Daily Ethereum Value chart.

BitcoinCashpoint Expect Market to Rise

We are glad that BitcoinCashpoint shared their insights about the current market of cryptocurrencies. Even though the global market has lost its value, it’s very healthy. After all, every market has dropped due to the pandemic – it’s simply unavoidable.

However, Bitcoins and other crypto currencies have many advantages. It’s not owned or controlled by anyone. Instead, it’s backed by an advanced cryptographic algorithm, run by a network of thousands of computers around the world. Bitcoin’s advantages to traditional fiat currency are thus numerous: it’s permissionless, decentralized, censorship resistant, open source, fast, and pseudo anonymous.

The prices of the currencies are still rising, and the only reason the market is down is that people are afraid of saving up money to go through the crisis. That’s why experts at BitcoinCashpoint expect people to start buying once the crisis has passed.

 

The Fintech revolution is having a massive influence on how companies of all sizes operate. Fintech is also creating new business and finance opportunities and changing how CPAs provide services to their clients.

The creation of cloud-based software to manage accounts, process payroll, forecast cash flow, and make payments, among many other tasks, provide accountants an impressive set of tools that can make small businesses more successful.

Accountants who have not embraced the combination of financial services and technology may want to consider doing so. It is an area that will grow more in the future. That growth means more dynamic tools for accountants to provide superior outcomes for their clients.

Here are two of the top Fintech trends to be aware of in the coming year:

Integrated Platforms

At the heart of new Fintech technology is the integration of many platforms to handle routine accounting tasks. Think managing cash flow and payroll, invoicing, and tracking employee work time.

The integration of accounting tasks in real-time produces impressive business intelligence. For example, cashflow management is the lifeblood of all companies. Companies become more efficient at managing and forecasting their cashflow when processes are integrated.

Without this integrated approach that allows a CPA to have a real-time perspective of the company outlays and revenues, companies risk coming short of cash when they need to cover payroll or other expenditures.

Integrating payroll, invoicing and various administrative tasks avoid these problems. CPAs also may benefit by using automated invoice tools to cut errors and put clients in a position to get their money faster.

Fintech Financing

The largest growth area in financial technology is in finance. A recent study shows it is getting harder for small companies to get loans from traditional lenders. Simultaneously, more companies are turning to alternative lenders to get the credit they need to thrive.

Alternative lenders are a welcome addition to the lending business for small companies. According to Federal Reserve data, this growing sector handled 30% of business loan applications in 2019, up from 25% in 2018.

This area will continue to grow in 2021, which is excellent news for small business owners. These lenders utilize technology to access more data from the borrower, which boosts the likelihood of loan approval. Plus, the process is simpler and faster than a regular bank.

The proper alternative lender can streamline the business owner’s access to business credit by checking data from many borrower accounts. Financial flexibility like this is vital for small companies and is something accountants should think about when talking to clients.

In the coming years, more high-tech solutions will bring more efficient ways to manage everyday accounting tasks, leverage large amounts of financial data, and streamline how companies operate. Thus, the CPA’s role will become more collaborative and strategic, not just about crunching numbers.

Using data to drive business insights is a significant reason why Fintech is bringing revolutionary changes to small companies’ financial services.

The Bottom Line

With Fintech becoming such an essential part of the CPA’s toolkit, now is a better time than ever to consider becoming a CPA if you have been considering it. Advanced financial technology will lead to a thriving and expanding CPA job market, and the work CPAs do will become more dynamic and exciting. It is an excellent time to become a CPA in this Fintech-influenced industry.

A mortgage is complicated products that come with inflexible terms and conditions. , As a consequence, it can be very difficult to sell your house before it is over and costly to change your mortgage. So it sometimes forces you to refinance or split up your mortgage. Two options that may exist for you are Portable and assumable mortgages. They are very various tools with specific uses, so it is good to explore first so that you can know the distinctions. You can get help from Certified Mortgage Brokers.

Portable Mortgage

Portable mortgages enable you to transfer a loan from one property to another. This allows you to retain some good conditions or a good rate with your current lender, usually without risk or expense involved with the transfer. It is only allowed when you hold a mortgage while selling your current home and buying one concurrently.

Advantage and Disadvantage Of Portable Mortgages

There are no penalties as the credit is passed to a new home. However, you can port it only once.

• If you plan to move home during your tenure, you can save money on the closing of the mortgage costs. But, when you are moving to a more pricey building, you usually have to mix up and extend your lease. That does sometimes not seem favorable.
• When you move home, it diminishes the administrative hassle of getting a new mortgage. On the other hand, moving to the new one is a big task, staying put until the end of your credit term is easier.
• You have the opportunity to maintain the existing mortgage rate and characteristics (particularly useful if the rates increase). Perhaps your existing mortgage needs to be requalified and your new house needs to satisfy lender requirements.

Assumable Mortgage

An assumable mortgage is a loan that is transferred from a homeowner upon the sale of their home to the new buyer. When you buy a house with a mortgage, you can see an assumable mortgage or the mortgage is taken by the purchaser. This can be a very enticing point of sale if the mortgage prices have risen since it was established and the new customer is benefiting from the cheaper cost.

There are a few drawbacks with assumable mortgages.

• When the old mortgage does not cover the whole property price, the buyer needs to pay for cash or some other borrowing source.
• The original mortgage holder has to take responsibility for repaying the mortgage if the new buyer cannot make its payments.

 

Preparation is the secret to any successful fundraiser. The latest generation of nonprofit software makes running charitable campaigns or hosting fundraising events easier and more results-driven than ever before. Find out more about four ways that donor relationship management software and a Classy Salesforce integration or other platform-specific solutions from Blackbaud integration partners can help your organization get the most out of donor data.

Make Sure Your Donor Database Is Updated

The first approach to data analysis your organization should take prior to a fundraiser involves checking donor records for completion. If you have a list of attendees or donors, start by checking these records for missing information. It may be possible to improve the quality of data by correcting erroneous entries or supplying missing information.

The second approach toward analysis of current data in advance of another round of fundraising pertains to giving records. An organization that uses donor or customer relationship management software or other nonprofit management software should be able to track the frequency of giving for each donor, average donation amounts and donors’ preferred giving channels.

An updated database is essential for accurate analytics that have the potential to significantly increase the effectiveness of charitable appeals. High-quality data empowers an organization to communicate and solicit donations more effectively while gaining more data that can then be used to inform targeted approaches to raising funds.

How To Maximize Your Data Analytics

Once an organization is working with the most current donation dataset, a more pragmatic approach to fundraising is possible. The third way to maximize the benefit of donor data through analysis involves the use of donor management software to segment a full donor list into subgroups. Targeted asks can then be directed to each group or to sets of groups. Depending on the type of fundraiser, an organization may want to take specialized approach to targeting supporters, such as fundraising event attendees, members or major donors.

The fourth approach to fundraising data analysis pertains to the event platform. Make sure that you are fundraising on the right channel to reach and obtain data from as many participants as possible. Depending on the cause, a peer-to-peer or social media approach may be most effective for reaching a wide audience and obtaining useful data.

Segmentation and platform-based considerations can improve donor response rates and drive up contribution amounts. Robust nonprofit software and integration tools make these and many other data-driven approaches to fundraising planning possible. As you reach more supporters, it is important to scale the same level of attention to completeness of records to maintain the value of these insights.

These four measures can help your organization maintain and benefit from a more accurate database of donors. Clean data is more effective for a wide variety of uses, from donor communication to pre-fundraising analysis. The ability to continuously generate donor data and track participation over time is one of the most powerful capabilities of donor relationship and nonprofit management software. Taking a more analytical and data-driven approach to fundraising can help your organization maximize its operational budget.