Keep Track Of Your Money With These Simple Bookkeeping Tips

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Don’t fancy working with numbers and bookkeeping much? Consider cultivating these practices as growing pains you must bear to grow your brainchild. Plus, a strong accounting function can add tremendous value to all businesses, no matter the size of operations.  According to financial experts, an entrepreneur’s financial literacy. Such knowledge of accounting concepts plays a critical role in determining their survival. Besides helping you understand your business’s cash position, bookkeeping lets you stay on top of tax deadlines, including filing for returns. Contrary to popular belief, bookkeeping doesn’t revolve around…

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Should I Decrease My Car Insurance Coverage While Working from Home?

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Now that so many of us are working from home, our daily commutes have been altered drastically. Once we may have been driving over an hour or more to and from work everyday, where now we only stop by the grocery store every week or so. Auto insurance is designed to reflect your current circumstances and cover you from the risks you face on your everyday commute. Well, that commute may not look the same as it once did.  Auto insurance is still an essential financial protection as it covers…

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Allstate homeowners insurance rates increase following 191 hike approvals

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The insurer has the green light to raise its premiums for property owners across 43 states. Following the receipt of 191 approvals from state regulators in 2020, Allstate homeowners insurance rates can rise in as many as 43 states. This would produce a premiums increase of an estimated $222.3 million, according to an S&P Global Market Intelligence analysis. Conversely, State Farm’s filings suggest that they will be reducing their premiums in 17 states. At the same time that Allstate homeowners insurance rates filings were seeking to increase premiums, State Farm…

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Zurich Insurance Group shares 2020 performance results

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The Swiss firm has become the latest insurer to unveil its data from a unique time last year. Zurich Insurance Group has joined several other insurers in sharing its insurance industry 2020 performance. The chief executive of the group, Mario Greco, has expressed confidence moving forward, despite seeing dropping results across all the insurer’s primary business lines. The insurer’s net income attributable to shareholders fell by 8 percent in 2020 compared to 2019. That said, despite the fact that it saw an 8 percent year over year reduction, it still…

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How Does Value Creation Ensure a Thriving Business

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Modern-day businesses compete in highly competitive and volatile environments to acquire consumers and establish brand loyalty. All thriving companies have long histories of struggle and survival and resilience to rise above the noise and stand out.  What differentiates a business from its competitors, mostly when the rival company is selling similar offerings? Value creation is a differentiating factor that allows every individual and organization to succeed by carving individuality. The art of creating value for its customers allows a business to establish its brand identity and engage its audience effectively.…

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The Role of Accountants in Modern Business Organizations

Bookkeepers Insurance - accounting - computer - calculator

Becoming an accountant is one of the most popular and well-sought careers. Not surprising as accountants enjoy many benefits from managing bank accounts and different businesses. Accountants perform several roles, including keeping track of companies’ bank statements and making sure they have the relevant paperwork in hand to submit for taxation. However, in modern-day businesses, with everything, even accounting has shown a drastic change. Does the question remain how an accountant fits in this contemporary business operations?  Roles of an Accountant in the Modern Society Accountants are known for handling…

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Allstate Insurance reports an excellent bump in Q4 2020

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The insurer’s positive outcomes were linked with solid results and positive investment returns. As a result, Allstate Insurance, the industry leader has had a very strong in Q4 2020 which showed a rise in its income, lowered underwriting costs and strong investment returns during that quarter. The company announced that their net income had increased by 52 percent year over year. The revenues for the quarter came to $2.6 billion when compared to the equivalent quarter in 2019, when the net income for the company was $1.7 billion. In the…

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