About the Author - Morgan Williams

Hi guys! Thanks for spending your time to read my page. I am Morgan Williams. I work as an accountant. My hobbies are reading, writing and blogging. Being a accountant, I get lots of opportunities to work with different businesses. Whenever I explore or start to learn something unique, I would start to write down my experience as a blog. My blogs are mostly about business, marketing, latest software, technology news, and facts. I hope this information is useful and plays a meaningful part in your daily life. Read More about me...

3 Benefits of Hiring a Compliance Consultant

Posted by Morgan Williams | Posted in Business, Outsourcing | Posted on 11-04-2015

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The business world has become increasingly complex with the ever rising number of regulations that companies are required to comply with. These regulations vary according to the industry where the business belongs, and all businesses are required to operate in accordance with the established specifications, guidelines, and legislation made by its industry’s governing body.

Compliance to these regulations is always the business owner’s responsibility. But with the burden of actually running the business, most business owners do not have time to personally look into this aspect of the trade. Instead, they seek the help of compliance consultants to make sure that the company’s compliance and controls are in place.

The following are three benefits of hiring a compliance consultant from a reputable company

  1. Business Sustainability – Constant compliance to regulations builds up a company’s reputation in terms of business integrity. Integrity earns respect. A high level of respect that employees and clients alike have for the company is essential not only in building an ideal company culture, but also in attracting more clientele. A company that is built on respect and integrity will not only thrive, but will do well in the business world.
  2. Opportunity to Work with Experts – There is a reason why consultants are paid well to do their job- and that is because they are considered experts in their field. A compliance consultant with experience and expertise will be able to help the company to efficiently comply with all the required regulatory guidelines in a shorter amount of time.
  3. Less Worries – Keeping up and staying aligned with all the laws, rules, and regulations is a tough aspect of any business. Hiring a compliance consultant will enable business owners to unload this tremendous worry off their backs. With lesser worries, company productivity can be increased as more attention is given to other aspects of the business.

Bookkeeping – Why you should Outsource…

Posted by Morgan Williams | Posted in Blog, Business, Outsourcing | Posted on 30-03-2015

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Online communities have forever altered the way business is now transacted. The world has become quite small so much so that we are now closer to those who can help with the day to day running of our businesses leading to better management and more profits. One very important business offering where these have made a lasting impact is Book-keeping.

Book-keeping is one office duty most do not like to do but is necessary for the growth of the business. Neglecting it is bound to cause serious problems. This explains why businesses would rather hire someone to do it instead of abandoning it to their detriment or engaging it since they do not like to till March or April.

Why you should outsource your bookkeeping

Due to the possibilities provided by the internet world, it has become more practical to just outsource book-keeping instead of having in-house services or doing it yourself. Below are seven great reasons to outsource:

– Better time management: This allows more valuable time to be used in furthering the company’s interests instead of keeping the books. Having to do back-end duties could distract you from paying more attention to the day to day running of the business. Having in-house personnel could also lead to personality clashes. Outsourcing saves you unwanted distractions.

– Save Money: Outsourcing frees you from having to pay a full time wage and/or benefits to an employee most especially when they are not productive at a point in time. Outsourcing book-keeping help you to streamline your budget as you only pay for what you need.

– Expertise: Having to outsource gives you the leverage of having professionals work on your team at no extra cost, every time. Outsourcing this important task makes your job easier and highly effective as you have shifted book-keeping responsibilities to someone with specific expertise in that area.

– Focused Staff: Elimination of distractions from the jobs of book-keepers will help them produce more focused work for you. This can only be achieved through outsourcing since most workplaces have to go around with the hustle and bustle. This effectively means that they can produce more focused work for you that will help your business be more focused on what it does best – make profits.

– Team Work vs. Individual Efforts: Doing your book-keeping yourself or employing in-house staff to may be good but one person may not be enough to work out the kinks in your business records. However, when you outsource, you are sure of having a team that is committed solely to your company’s financial health. Each work is double-checked by the team for consistency and correctness. This also helps in the individuation of tasks and departments as each unique task must function first as a whole before coming together to work together as a cohesive unit.

– Access to top systems: Access to top book-keeping and accounting programs are limited due to their high cost, but by outsourcing, you have access to these top tools which are used to keep your book up to date. Outsourcing basically helps you “purchase” the tools and the expertise to work with them to produce excellent book-keeping records. Best of all, you don’t have to do any work as the company has it covered. This also help you keep records as the outsourced data are backed up and organized in such a way as to be available even after long years. This ensures that you are always prepared for any contingencies like the IRS coming to know on your door with the intention to audit your account.

– Scalable: Finally, when you outsource, you can engage the possibility of either cutting down on spending or looking at growing your business through investments. Whatever your plans, outsourcing will give you flexibility of options and plans that will help you achieve set goals with a specialist XERO bookkeeper manly which cannot be provided by in-house book-keepers.