Author: Mya

A healthy business can be characterised a s a business that is keen on meeting their obligations, generating new revenue streams and ensuring that its existence is in harmony with the community it operates in. to operate efficiently, a business must keep track of all its finances; capital, cash flow, credit and debit balances and ensure that all these are in line with the business goals and operations.

A registered business is a separate legal entity from the owner or the management team and therefore business and financial expenses and incomes should be kept separate. In addition to this, it is essential for the business to keep a set of financial records to keep track of important parameters like sales, operational expenses, capital expenses, cash flow, all debts and obligations. Keeping these books up to date will ensure that all debts and obligations such as taxes are paid within the stipulated period. This eliminates fines and penalties that take cash away from the business.

Personal expenses that are paid by business partners or associates should not be included in the books of accounts like in the case of Myles Haverluck. When included, profit or loss declared by the business is not a true reflection of the business. When taxes, investments and other things are based on such statements, they become misleading and the consequences are unpleasant. But what could the business do to ensure that this does not happen?

Employing qualifies accountants who understand business operations and accounting requirements is the first step. The staff will be responsible for preparation and presentation of financial statements. The second step is to have distinct business and personal accounts. All business expenses should be dispensed from the business account while the personal ones should be paid from the business account. It is important that all expenses are categorically classified as either business or personal especially when one person is tasked with all payments as this prevents confusion and haphazard payments.

All business must have checks and balances to ensure the financial health of the business. For example, all payments must be authorised before any payment can be done. In addition to this, there should be different personnel to carry out different duties. For example, there could be a finance manager who must authorise all payments. The finance manager could be under the supervision of the CEO or business owner but should be objective enough to ensure only business expenses are paid from the business accounts. Having departments and departmental heads is also important as it ensures that there are different levels of authorisation for all expenses.

There should also be an internal auditor or audit department to oversee the internal operations. Annually, the business accounts should be audited by a qualified, experienced and independent auditor or audit firm in order to ensure that the business discharges its operations as and when they fall due and that the financial statements are a true reflection of the state of the business. This important especially in cases where the business may require to raise additional funds from investors in future.

Read More

Do You Need a Lawyer that Specializes in Criminal Law?

 

When you find yourself under arrest for a certain type of crime,  you will probably want to look into your options when it comes to legal representation.  You can’t just hire a bankruptcy attorney to help you with your criminal case.  You have to hire someone that is going to specialize in criminal law.  Think about it like this, would you go to the eye doctor for a problem with your teeth? No, you would go to the dentist, so in the same respect you would want to choose a criminal defense attorney when you are facing criminal charges.

 

All Sectors of Law are Different

 

The first thing that you will need to understand is that all sectors of the law are actually quite different.  They don’t have the same laws and regulations as other sectors, so an attorney that is familiar with financial laws may not be as familiar with criminal laws.

 

Choosing One that Specializes in a Certain Area is Always Best

 

Another factor that you will want to consider is that an attorney that specializes in a certain area is not only the best because they know all about those laws, but they also have more experience in that area.  General attorneys will usually not be as knowledgeable about all of the areas as a specialized attorney is about one.

 

A Criminal Lawyer will Know the Ins and Outs of the Laws to Better Help Your Case

 

The criminal lawyer will know everything about the laws that pertain to your case.  This will put you at a much better advantage when you are dealing with your charge.  They will know how to represent you to the best of their abilities, which means that you have a better chance of getting off of your charge!

 

As you can see, it makes a lot better sense for you to hire a lawyer that specializes in criminal law.  It means that you will be able to get the best representation possible.  When it comes to hiring a criminal lawyer, it is best that you choose one that has a good track record when it comes to getting people off or getting them a lesser sentence.  If they haven’t had success in the past, what makes you think that their success will start with your case? Hire someone you can trust to do the job right.

Read More

Why a Criminal Lawyer is Better than a Public Defender

Are you facing a criminal charge?  If so, then you might want to consider hiring a criminal lawyer.  Why would you want to do this, you may ask?  Some people don’t really want to hire a criminal lawyer when they can get a public defender for free.  The truth is that public defenders are usually not the best option, but are rather just a last resort option for those that cannot afford to hire a good attorney to help them with their case.  Here’s why you should consider a criminal lawyer.

Money Motivates

The first fact that you just cannot ignore is that money motivates.  Lawyers are motivated by money, just like many other people.  This isn’t true in all cases, but most of the time a criminal lawyer will actually put more focus into your case because they are making a decent amount of money off of it.  The problem is, the public defender only makes a percentage of what you would pay a regular attorney, because they are paid by the state.

Your Criminal Lawyer Will Be On Your Side

You will also find that a criminal lawyer is going to be on your side.  That is because they are committed to you.  You have retained them to work for you, and they will work on your case and bill you for the hours.  They are going to be able to help you when it comes to taking care of your case, and they will also want to be able to get you out of the charge- or at least get it reduced- because that is what you are paying them to do.

Criminal Lawyers Communicate Better than Public Defenders

Finally, you will find that public defenders may not be that easy to get up with.  Sometimes, you have to wait for them to call you, and that can really be frustrating.  In many cases, they will only call you once a few days before court to discuss the things about your case, and then hope for the best when you go in front of the judge.  Sadly, it isn’t always the best outcome.  Criminal lawyers have much better communication.

As you can see, it may be worth your while to invest in a criminal lawyer rather than to just use the free public defender that was appointed to you!

Read More

What a Family Law Attorney Can Do for You

There are a variety of different types of attorneys out there for you to consider, and each of them will actually offer a different type of service.  If you have ever dealt with a family attorney, then you probably know the types of services that they have to offer.  If you haven’t ever dealt with this type of attorney, you will probably not know what they offer.  Here you will find out what they can do for you, and if this is the type of attorney you may need to hire.

Divorce

First, they can help you when it comes to filing for divorce.  They will be able to draw up your divorce papers, whether contested or non-contested, and will file them for you as well.  They will work with you until you are completely satisfied with the outcome.  Sometimes, divorces can be simple and quick, and other times they may be long and drawn out.

Child Support/Spousal Support

They will also be able to help you when it comes to child support and spousal support.  When you get a divorce, chances are you will find that you are entitled to child support if you have children together.  You may also be entitled to spousal support as well.  This will be calculated based on a few things, and it will all be taken care of by your family law attorney.

Child Custody

They can also help you with your child custody agreement.  When it comes to child custody, it can really be a sensitive topic to deal with.  Whether you are looking to come up with a joint custody agreement, sole custody agreement, or other type of custody arrangement, the attorney will be able to help you come up with something that will work well for you and your children.  They can even help when it comes to custody battles.

As you can see, family law attorneys can help you with a variety of different things.  They can also sometimes help with issues like adoption and becoming a foster parent.  The key is to discuss the services that you need with a family law attorney of your choice, and you will then be able to see if they offer the services that you need.  These are just a few of the services that you may find offered by family law attorneys in your area.

Read More

Dealing with Shady Criminal Justice Systems

To be quite honest, there are a lot of justice systems across the world that really just are not the best when it comes to honesty and integrity.  Sometimes, these municipalities will actually just seek out anything that everything that will bring money into their district.  This can lead to wrongful arrest, and other situations.  Here are a few things that you will want to look out for in some shady systems.

Wrongful Arrest

First, you have wrongful arrest. When an arrest is made and the person being arrested didn’t do the crime, it is known as a wrongful arrest. Sometimes, this happens on accident, but often times it isn’t on accident.  There are some law enforcement officials out there that will actually arrest the wrong person based on discrimination and other concerns.  It’s not right, but it happens from time to time.

Police Brutality

Next, you may encounter police brutality.  While this isn’t really something that is expected to happen often, it does happen from time to time. This is when police officers get forceful and do something to cause injury that is unnecessary toward a citizen.  It comes in a variety of different forms, and it can be quite dangerous.  Sometimes, cops underestimate their own strength, and sometimes they just don’t care.

Corrupt Law Enforcement Officials

Sometimes, you will run into law enforcement officials that are just corrupt.  They will lie about people, say things happened when they really didn’t, or do other things that are just not honest.  It is unfortunate when this happens, because it is hard for a citizen to stand up and say something against an officer or call them out on their lies.  The good news is that there are attorneys that can help in a situation like this, and that is probably the best way to go if you find yourself in this type of situation.

As you can see, not all criminal justice systems are out there trying to protect and serve.  There are some that really just don’t value their citizens, and while this is unfortunate, it is true.  If you need help dealing with a shady criminal justice system, then you will want to make sure that you hire an attorney right away.  This will ensure that you are able to handle the situation effectively, without having to put your criminal history at risk.  

Read More

Have You Been Wrongfully Accused?

If you have been wrongfully accused of something, then you do have rights.  Actually, there are a lot of people out there that were arrested for crimes that they didn’t commit.  Sometimes, they end up doing time for these crimes, and that is really unfortunate.  If you have been arrested for something that you didn’t do, then you will want to make sure that you do the following things.  This will ensure that you are able to prove your innocence.

Get the Facts Together

First, you need to gather the facts.  You will want to know what exactly you are being charged with, and you will also want to know what evidence they claim to have against you for this charge.  If you get everything together, you will be able to show your lawyer everything so that they can get to work on making your case.  You don’t need to wait until the last minute to do this.  Sometimes, your lawyer will even do this for you.

Call on a Criminal Lawyer for Help

If you haven’t already done so, you will need to invest in the help of a criminal defense lawyer.  This will ensure that you are able to have the legal representation that you need.  They will be able to take a look at everything pertaining to your case and come up with a defense case to get the charges dropped against you.  This can, however, take some time, but you should have a good amount of time before the trial.

Present the Facts and Hope for the Best

Finally, your defense attorney will show up with you on the day of your trial.  They will present the facts that help to prove that you are innocent in the matter, and they will show the judge without a shadow of a doubt that you didn’t do it.  This is probably the best way to ensure that you are able to get out of the charge for the crime you didn’t commit.

As you can see, it is very important that you get a criminal lawyer to help you when you have been wrongfully accused of something.  You don’t want to just sit back and let it go on your record because that can actually follow you for the rest of your life, and you don’t want that to prevent you from getting further in life.

 

Read More