Five-minute guide to considering your financial ties

However, getting hitched second or third time around or entering into a civil partnership can bring serious financial complications. Love may conquer all, but first you have to make sure it does not lay waste to your pensions, investments, property and state benefits. Quickadviserhelp keep all the record of their customers.

Love in later life

As life expectancy continues to grow, more of us will get married in later life, typically after divorce or bereavement. For information call on toll free number 1-865-407-2488.

Deborah Stone, managing director of MyAgeingParent.com, says: “Around 20,000 people aged 60 and over get wed each year, many in their 80s and beyond, increasingly with the support of their families."

Romance is wonderful at any age, but older people in particular need to keep their feet on the ground. Remarriage, civil partnerships or even living together as a couple can affect your means-tested state benefits.

“This is especially important if you have joint liabilities such as a mortgage that one of you will have to maintain if the other dies."

Pension rethink

If you are entering a new relationship you may want to revise all your pensions.

Andrew Tully, pensions technical director at Retirement Advantage, says: “You need to change the nominated beneficiary on your plan to ensure the benefits go to the right person. But watch out as on some older schemes widows or widowers can lose the income from their deceased spouse’s pension if they remarry, so check in advance.” read more....

Origanl Source.... http://www.express.co.uk/finance/personalfinance/617822/Five-minute-guide-considering-financial-ties

How Becoming a Certified QuickBooks ProAdvisor Changed My Business

When I began my business I thought I was going to run a business that was completely different than what it became. In 2001, I had just left a large corporation where I was implementing applications such as SAP and JD Edwards in the US and in some outside countries. The only time I had even heard of QuickBooks was at a remote location during an Audit that was supposed to be using SAP and instead were using QuickBooks to track everything internally and then transferring entries to SAP. Well, obviously for the Auditors out there reading this, that was an Audit Point for the Report…but, all in all, that was my complete experience with QuickBooks before starting my business – I fell into this by accident. As most things go, we set out thinking we are going to do one thing, but end up going down an entirely different path.

When I decided to open a business, I was planning to have a bookkeeping service. Even though my background was Audit, I had decided at the time that I did not want the liability of that type of Practice being a Sole Proprietor. I started researching how to market my business and came across the Certified QuickBooks ProAdvisor logo on another’s accountant’s advertisement. I researched how to be able to use that logo on an advertisement and I found the QuickBooks ProAdvisor Program. In order to be able to utilize the logo on advertisements, you have to join the program and become certified in QuickBooks. I quickly joined and became certified in QuickBooks, and my journey began…
My first call from a Prospect was asking me to come and train them on QuickBooks. That is when my business took a different turn. I thought I would be selling Bookkeeping services outright – but instead, more Business owners were interested in doing the Bookkeeping themselves, and instead wanting to be trained on the software. So, I went with what my clients wanted, and started making visits to their businesses and teaching them how to use the software. What they didn’t realize was they thought that just were going to learn about QuickBooks, but instead, I really was using QuickBooks as a tool teach them business processes, internal controls and proper cash flow management. Coming from a large application background, I couldn’t believe what you were able to accomplish using QuickBooks and how easy it was to create the reporting you need.
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Orignal source... http://www.accountingweb.com/community-voice/blogs/admin/how-becoming-a-certified-quickbooks-proadvisor-changed-my-business

IT software firm Intuit India extends health benefits of employees

Intuit India has rolled out new compensations and health benefits for its employees, including increased maternity benefits, coverage for surrogacy and infertility treatment.

BENGALURU: IT software firm Intuit India has rolled out new compensations and health benefits for its employees, including increased maternity benefits, coverage for surrogacy and infertility treatment as well as additional medical cover for parents-in-law.
Intuit's Quickbooks new medical plan provides increased maternity coverage for its over 900 employees and dependents. Coverage for normal deliveries has been increased to Rs 60,000 from Rs 50,000. For Csection, the company will cover expenses up to Rs 75,000. The company has also extended medical cover to the third and fourth child. Surrogacy and infertility treatments will also now be covered under the new plan.

Under the company's new group insurance plan, coverage in case of death and accident has been enhanced to three times the base salary from twice earlier. Additionally, staff will be covered for 12 critical health conditions, including major burns, aorta surgery, major organ/bone marrow transplant, and loss of limbs due to injury or disease, for up to Rs 10 lakh.
The plan also allows Intuit Quickbooks staff to purchase additional medical cover for their parents-in-law.
"One of the highlights of the new plan is the income protection clause, under which financial coverage is provided during extended hospitalisation and time away from work for medical reasons," said Shikha Verma, C&B leader, India and APAC. "For prolonged medical treatments, employees end up having to go on long periods of leave without pay. Under this clause, their financial well-being will be taken care of." For up to three months of extended leave, an amount equivalent to three times the employee's monthly salary will be provided, or Rs 60,000, whichever is lower.
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Intuit QuickBooks Launches Service

QuickBooks Self-Employed aims to help simplify tax year end and make it easier for independent contractors to manage finances

Online accounting software provider Intuit QuickBooks has launched a new service in the UK targeted at helping freelancers and independent contractors.

Set to make it easier for the self-employed to manage finances and prepare for self-assessment, the QuickBooks Self-Employed service offers features such as tax summary report to simplify tax year end, the ability to import bank and credit card transactions and allows users to separate out their personal and business expenses.

Intuit Quickbook intends for the service to “help millions of self employed people tap into the sharing economy”; a trend it says is responsible for the growing number self-employed in the UK (now at almost five million). Rich Preece, Europe VP and managing director, explained:

“There’s a boom in self-employed workers in the UK and it is being driven by the sharing economy. Always-on connectivity and the proliferation of smartphones and tablets are helping people open shops on Etsy, sell a skill locally on TaskRabbit or become a driver on Uber. It’s creating a host of income opportunities. read more

Orginal source.. http://startups.co.uk/intuit-quickbooks-launches-new-service-for-freelancers-and-self-employed