Category Archives: Accountants

Submitted by: Lume Nite

Disaster is an unexpected, calamitous happening bringing great harm, loss, and destruction and devastation to life and possessions. The damage caused by disasters is vast and varies with the geographical location, climate and the type of the earth surface/degree of vulnerability. This influences the mental, political, socio-economic, and cultural state of the affected region. Normally, disaster has the following effects in the concerned areas,

1. It totally disrupts the usual day to day life

2. It unenthusiastically influences the urgent situation

3. Normal needs and processes like food, shelter, health, etc. are affected.

Disaster management is the regulation of dealing with and avoiding risks. It is a discipline that involves preparing for disaster before it happens. Natural disaster management is all about strategies intended to keep the harmful effects caused by disasters at a minimum. Disaster management has become a vital issue in today’s time. Every time it is not likely to predict when a tragedy will occur and to what degree it will cause destruction. All we can do is we get ready ourselves for the hard time. To manage with the hard situation, there arises a need to build up an elaborate disaster management diagram with a proper built in mechanism. This in turn will allow you to react quickly to the serious situation. The ability to stay alive an emergency disaster condition does not depend as much on luck, as it does on being ready. There are numerous easy steps that you can take right away to increase your attentiveness for an emergency disaster condition.

Your essential emergency survival kit should contain the following items:

Wate

Food

A first aid kit

Local maps

A battery powered

A flashlight

A whistle to signal for help

A dust mask

It is significant to keep in mind that this is not an all comprehensive survival kit, but more of essential emergency attentiveness kit. You will also require accounting for unique family wants such as instruction medication, eye glasses, infant formula and diapers, just to name a few. Your emergency disaster survival plan should not be based on fortune. It is significant to be ready, and a small higher planning can go a long way to improving your chances for survival.

We have pleasure in presenting the 2010 Lumenite range containing the very latest in High Performance Photoluminescent (HPPL) technology in life saving products, including our patented Lumenite Light Sleeve. In studying building safety, the founders of Lumenite identified the need for improved emergency evacuation systems and the products on offer in the following pages are the result of years of painstaking research and development. They apply not only to buildings, but also to mines, tunnels, rail carriages and subway systems, oil & gas platforms, commercial and military shipping and marine applications, car parks; in fact virtually any space that uses artificial lighting that could fail, and which could benefit from a fail-safe visual guidance system for expedient and efficient evacuation or movement of personnel.

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Submitted by: Mark Thomas Walters

A ‘self managed super fund’, also known as a DIY Super, is a way for employees and their employers to jointly contribute towards the employees pension. The money is invested in government bonds, shares or even property until the employee retires. Upon retirement, the employee can release the fund in one of three ways; either as regular payments, as a lump sum, or as a combination of the two.

By having a DIY Super, you will gain:

Control: By having a DIY Super, you have the flexibility to choose how and where your funds are invested and also the ability to adjust your investment strategy based on ever changing economic factors.

Investment Choice: A DIY Super gives you the added ability to choose from a huge range of investment opportunities for your money that not many other funds can do. You can choose exactly what to invest in and how much you want to put in into each investment, this separates it from the large number of other funds available.

Low Taxation: Tax payments can cost a large amount of money over the full course of the fund, though as a DIY Super is eligible for certain tax concessions, this amount is reduced and you will ultimately have more money by the end of the funds life.

Protection: The assets of a DIY super are protected from bankruptcy and other legal claims (up to a certain threshold). It is nice to have this security in place as losing your retirement fund in your later years is a major problem.

If you think that a DIY Super might be a wise way to save for your retirement, then you should keep the following in mind…

– Each representative of every fund must be a trustee.

– A Trustee cannot receive compensation for carrying out any duties.

– Compliance with regulations is your responsibility.

– The fund needs to be separated from your own assets.

– All records, statements and paperwork must be held on to for the duration of the fund.

Though a DIY Super is ultimately the responsibility of those who are members of it (i.e. those who are investing), help can be sought from independent financial advisors. There are many professionals offering DIY super services, so you will not have any problems finding one, but some are much better at what they do than others.

When deciding which DIY Super advisor to use, look at whether they are licensed to give you financial advice and whether their advice is appropriate for your specific circumstances. You should be willing to pay extra for someone who is more experienced because you will make more money in the long run.

Remember, starting a DIY Super is not a decision that you want to take lightly, and that applies to each stage of the process. So, carefully consider who you want to open the fund with and what exactly you want to invest in, as well as who you will hire to advise you on the rules and regulations that you must adhere to.

About the Author: If you liked this, try :

DIY Super Sydney

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byAlma Abell

It’s not surprising that when someone thinks about hiring an Accountant in Manhattan, they primarily think about hiring a professional to handle business or individual tax filings. While this is certainly a big reason why people hire accountants, an accountant can help in many other ways. One way that these financial professionals can be extremely beneficial is when someone is actively planning their estate.

Estate Planning and Taxes

There are many facets of estate planning, from investing money to documenting who will become the executor of the estate when the owner of that estate passes away. However, tax issues can be a significant part of estate planning and, often times, the best person to advise an individual when it comes to taxes is an accountant.

For example, if a person wishes to leave gifts for people before they pass away, this can help reduce the tax burden on the individual receiving those gifts, especially if they are in line to gain something from the estate after the owner has passed away. In addition, minimizing debt is a huge issue when it comes to estate planing.

Getting out of Debt

An accountant can work with the estate owner to help manage loan repayment schedules. In some cases, an accountant can help the estate owner understand the benefits of accelerating loan repayments so that when they pass away, few, if any, financial resources will have to go towards paying off existing creditors. In these cases, most of the financial resources of a person’s estate can be disseminated among the estate’s beneficiaries, free from debt.

This type of planning, while perfect for estate planning, is also a good idea for an individual looking to get their personal or family finances in better shape. Many times, an accountant can not only handle tax issues, but they can also help their clients to be better regimented with money, to follow a clear budget, and to work to get out of debt.

An Accountant in Manhattan offers a number of benefits, which is why so many individuals and businesses use personal and business accountants on a regular basis. If you’d like to know more about what personal accountants can offer you, you may want to check out a website like Rawcpa.com.

The Securities Investors’ Bill Of Rights (SIBORAP): Part Three

by

Steve Selengut

SIBORAP includes these ten specific sections: (1) Product Transparency, (2) Regulation and Education, (3) Protection from Speculators (4) Control of Hedge Funds, (5) Brokerage Account Statements, (6) Retirement Account Investments, (7) Executive Compensation, (8) Corporate Financial Statements, (9) Taxation of Investment and Retirement Income, and (10) Transactional Greed and Fear Controls.

Section Five: Brokerage Account Statements.Investors have a right to brokerage account statements that: (1) help them monitor and manage their asset allocation, (2) report realized gains and losses for the year, (3) track both the cost of their holdings, and their net account deposits, and (4) emphasize the long-term, cyclical nature of the investment process.Under SIBORAP, all brokerage firms would be required to maintain cost basis information on all holdings, and the ACATS system would be required to provide it in all transfer transactions. Mutual funds would be required to include cost basis information on their quarterly reports. Statements that simply report transactions, and focus only on market value, promote the emotional environment that leads to poor decision-making.Statements must divide securities into three classes: equities, income, and other and specify asset allocation numbers for each class in terms of cost basis. Each client’s equity and income target allocations must be provided and compared with the actual totals. Within each category, sub-categories (e.g., open or closed-end mutual funds, taxable or tax-free income, etc.) would be required.No combined-portfolio graph or chart presentations would be permitted unless accompanied by supporting charts of the separate asset allocation buckets. Supporting charts must compare securities with appropriate indices, and include lines for both working capital (i.e. cost basis) and market value. Associated commentary must describe market conditions in cyclical terms, and describe what reasonable performance expectations would be for each class of security.Statement margin information must include warnings about the dangers of margin borrowing. Investors must be given the opportunity to switch any automatic dividend reinvestment arrangements or withdrawal programs to loan repayment.Investors have the right to statements that inform, report, and educate. Statements should outline reasonable performance expectations for the major classes of securities, the reasons for the assessment, and a sense of how the present environment should be understood in terms of market, economic, and interest rate cycles.Wrap account statements must make it clear to investors that their accounts are identical in all respects to other clients engaged with the same management program, and that the programs are not being managed just with their personal goals and objectives in mind.All retirement portfolio statements must facilitate compliance with SIBORAP Section Six. Section Six: Retirement Account Investments.Investors have a right to augment employer-sponsored programs and Social Security with self directed retirement vehicles of their own design. Tax Code changes mandated by SIBORAP (see Section Nine) exempt retirement income and (most) investment income from taxation by any level of government, and introduce a new “elective” Social Security option.Individual investors have a right to safeguards from excessive risk taking in any and all self-directed retirement portfolios, including those provided by employers. Cost based asset allocation and diversification rules must be applied to all portfolios above $100,000 in working capital and in all portfolios for those aged 55 and above.Asset allocation rules: All retirement portfolios with working capital (cost basis) under $100,000 must have at least 55% invested in top tier (Tier One) income securities. Portfolios with more than $100,000 of working capital must have at least 30% invested in government securities. After age 55, retirement accounts must hold at least 60% (cost basis of securities) in individually owned government securities and/or Closed End Funds comprised of top tier income securities, and which have less than 20% leverage.Diversification rules: No portfolio in excess of $100,000 may contain a single position that exceeds 5% of working capital, or a mutual fund position that exceeds 10%. Sector allocations should be held below 25% of portfolios.No retirement portfolio, non-financial corporation, state or local government, foundation, endowment, or other fiduciary entity may own or trade Tier Four securities and contracts, or derivatives that contain such securities.Retirement accounts that comply with these protective elements are 100% non-taxable, but cannot be borrowed against or withdrawn from before age 60. All Social Security participants under age 40 may elect to use one half of their mandatory salary deductions to fund deferred, fixed-income-only annuity contracts. Google: Guaranteed Social Security Benefits: Make It So, for more information.Section Seven: Executive Compensation. Every shareholder of a publicly traded entity has a right to share in the growth and profit of the business to the same extent and in the same manner as the employees they, in effect, hire to manage the business. Corporate executives and directors have totally lost touch with their equity owners, who were never consulted (in terms that a “Joe the Plumber” could understand) about being compensated strictly in terms of the illusory market value of their holdings. Corporate executive compensation needs to be brought down to a significantly lower “competitive level”, and more of the corporate profit needs to be “spread around” to owners and employees, applied to debt reduction, and placed in reserves for contingencies. It is unlikely that there would be a shortage of qualified CEO applicants at a mere four or five million per year in salary.Section Seven (Executive Compensation) is continued in Part Four of the SIBORAP report, which also includes Sections Eight (Corporate Financial Statements), Nine (Taxation Considerations), and Ten (Transactional Fear and Greed Controls).

Steve Selengut

http://www.sancoservices.com/ http://www.kiawahgolfinvestmentseminars.com Professional Investment Management from 1979 Author of: “The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read”, and “A Millionaire’s Secret Investment Strategy”

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The Securities Investors’ Bill Of Rights (SIBORAP): Part Three}