By financen | June 13, 2019 - 4:06 am - Posted in Law, Legal
defamation

From ancient times, people have tried to understand the nature of injurious or defamatory statements that are made known to the public or third parties. Defamation laws seek to address defamation claims so that issues can be settled in court. This guide will be help to those seeking the services of Dublin solicitors.

What is Defamation?

Defamation is described as the communication of a false statement (untrue information) about a person, group, or organization which can affect the subject’s reputation negatively. It is also called calumny, traducement, or vilification in some other parts of the world. Read more about that here.

There are several things that a person must prove in order to establish a statement as defamatory. The basic principle for being regarded as “not guilty” is when all the statements have been proven to be factual. There are some other situations where the law may permit the said defamatory statement. Some laws protect against statements which are misleading, but not technically false.

Slander and Libel

Defamation is seen as the general term used internationally. It is used in cases where the differentiation between slander and libel is not necessary. Sometimes, slander may be published. The essential differentiation between slander and libel is based on what form the defamatory statement was published.

Slander is the spoken form of this offence, while libel is written. Under common law, the statement being tagged as defamatory has to be generally false. It must also have been communicated to someone else, that is, a third party. The individual that commits such an offence may be called a “slanderer”, “libeler”, or “defamer”.

A statement is slanderous when it is a publication containing sounds, gestures, spoken words, sign language, or other fleeting forms. On the other hand, libelous statements have to be in the form of pictures and printed words.

Read more about that here: https://www.thebalancesmb.com/defamation-libel-and-slander-462650

defamation

The Law in Ireland

In Ireland, the law seeks to balance the society’s rights to discuss matters of relevance, while safeguarding a person’s constitutional right to a good name and reputation. Freedom of Speech is considered a very important right in the country. A libel claim can be triggered by a statement which tends to spoil the reputation of the subject.

The Defamation Act of 1961 was effective for almost half of a century along with the basal principles of the common law of tort. The Defamation Act of 2009 came into effect in January 2010 and was meant to annul the Defamation Act of 1961. It protects the interests of individuals.

This Act represents important changes in Irish law, as many were of the opinion that the law attached little significance to the freedom of the media in the past. On the other hand, it gave more value to the individual’s right to a good reputation. The Act is limited to a one-year period, but it can be extended to another year in exceptional situations.

Hiring a Dublin Solicitor

Whether you are seeking to defend yourself against a libel claim or you want to seek redress against someone that you feel has ruined your reputation by publicizing an untrue statement, what you need to do is to get the right solicitors.

The right defamation solicitors in Dublin will be able to evaluate the strength of your case and discuss the possibilities. They would have the necessary expertise and experience as regards every aspect of the Irish Defamation Law. These cases require expert advice because the wrong move can backfire and bring more unwanted publicity.

You need to weigh your options as regards your budget because these cases can be quite expensive. If you feel that the financial burden will be too heavy, you may want to reconsider. Your solicitor will guide you on this.

Other aspects that are very important to the case include:

  • Availability of evidence.
  • The financial state of the defendant.
  • The question of actual damage to your reputation.
  • The third-party.
  • The inclusion of the claimant’s identity in the statement.

With this guide, you will be able to know the right steps to take when making a defamation claim or defending yourself against one. The key to getting a win is having the right solicitors by your side.

By financen | - 3:54 am - Posted in Entrepreneur

In the world of entrepreneurship, you might find yourself falling a little behind the curve on constantly changing technology. Never fear! The skills you need to start and run your business are within your grasp. Here are some steps you can take to become a tech-savvy entrepreneur.

Ask a Professional

The first thing you need to know is that you don’t need to know how to do everything. Focus on learning the tech-based skills that will help you to succeed. While managed IT support services and on-site IT staff are certainly great resources from day to day, do you find yourself having repeated conversations with the IT help desk about a certain problem or process? That’s a pretty good indicator that you should learn more about how to solve the problem yourself. If you still don’t know where to start, you can always ask a trusted professional what other tech skills would be beneficial for you to focus on first.

Seek Educational Resources 

After you’ve figured out the technological proficiencies you’re hoping to acquire, you’ll need to look for some educational resources. For the absolute beginner, a simple internet search might seem a little overwhelming. Write a list of questions that you would want to answer about the topic you’re interested in learning about and search specifics from there. Utilizing video resources from YouTube or various social media platforms might also be beneficial. If you’re really ready to take the plunge you can start investing in books, tutorials, and courses that will help you learn more. Don’t be afraid to ask professionals within your own industry to ask how they use technology to get specific ideas on how to implement tech resources in your business.

Find Opportunities for Experiential Learning

One of the very best ways for anyone to learn a new skill is by just getting some experience; sometimes the best way to learn is to dive right in. For basic tech skills, you can look for free trials or introductory software that will allow you to practice what you’ve learned in information gathering. Apply techniques that you’re learning to projects that might benefit from your new outlook on technology. Don’t be afraid to learn from mistakes and failures, because what not to do is just as valuable information to have as what should be done.

When it comes to the business world, technology can be both a blessing and a curse. For you to succeed as an entrepreneur, find the best ways to learn about how to implement your newfound tech skills, even if only to follow up on the work of those you hire to do the heavy lifting for you.

By financen | June 11, 2019 - 5:36 pm - Posted in Car

No one goes to buy a car with the mindset of reselling it. However, after a few years of use, the question of ‘how long should I keep my car?’ starts popping in your head.

A new car loses up to 20% of its value when you buy it and drive it off the lot. There’s no specific length of time to sell your car; however, there are indications that signify the ideal time to get that car into the market. Here are some clues that let you know when to sell your car.

When It No Longer Meet Your Needs

Several life situations alter your vehicle needs. It could be marriage, kids, or even a change of environment. While a convertible would be suitable for you when single, it may not meet your needs as a parent. Likewise, the car you use when in the city may not suit life in the countryside. That is a cue that it is time to sell the vehicle. Sell it and buy another car that will suit your needs.

When It Is No Longer in Use 

Lots of people make the mistake of keeping their cars covered in the garage when it’s not in use. Stop wasting money on insurance and registration. Unless you intend to keep the car as a collection, it’s time you sell it or find out how much you can get for a title loan. Cars depreciate quickly when not in use, so instead of parking the vehicle, you can at least lease it out to keep the engine running,

Consider the Season

The demand for cars increases during the spring and summer, making it the best time to cash in on your vehicle. Families’ go on holidays, picnics and other activities and need a car to move around effectively. People are less inclined to buy cars in the winter, as they spend more time indoors.

While it is not essential to selling your car during the winter or summer, it is also necessary to consider demand and supply. When too many sellers list their car for sale during this period, there will be a surplus, and the prices may drop.

When It Start Incurring Excessive Repair Expenses

As you continue to use a car, the repair frequency, and costs increases. If you are faced with significant repairs and excessive parts replacement, then that is just the sign to sell. If your car can’t go a few weeks without requiring a major repair, then it’s time to put it on the market. Repair bills accumulate slowly, and you may not realize how much you spend. Selling off the car and investing the money into a new one may be the ideal thing to do.

Before It Loses Value Due to High Mileage

Every mile you drive costs you money in terms of the value of your car. Buyers always check the mileage on a vehicle before purchasing it. Some buyers make a big deal about it and may reduce the amount they are willing to pay for the vehicle.

The value of the car drops as the mileage increases. This makes it essential to sell your car before it clocks a high mileage point. Probably when it reaches the 40,000 to the 50,000-mile mark. 

When Everything Is Still Working

It is easier to convince buyers to pay good money for your car when everything is still working. If you notice things are falling off your car, then you should consider selling. A buyer will access the level of damage to a vehicle before making a bid. Having a broken mirror or headlight can even turn off a potential buyer.

Allowing the car to depreciate further may cost you money as the buyer will likely deduct the cost of fixing those items. The more parts that need replacement, the lower the amount you will receive for the car.

When It No Longer Meets Your Status

While several people may disagree, the car a person drives should suit their level in society. In this modern day, you aren’t just treated based on how you dress, but also what you drive. If you get a promotion or get a new job where most of the people use high-tech cars, then you need an upgrade. Also, as an entrepreneur, you should change your vehicle if your current one doesn’t suit your position. While it is essential not to be extravagant, you need a car that matches your status.

Before the Market Value Drops Remarkably

The truth about cars is that its value drops quickly. As newer car models are introduced into the market, the previous models become cheaper and less appealing.

Market forces of demand and supply determine the value of a car, and with more buyers opting for new cars, the demand and prices of used vehicles diminish. If you have a 2015 model, then probably about three new models would have emerged after yours.

The value will continue to decline each passing year, and if you intend to get top money for it, then you should make the sale now.

Overall Condition

It’s best to sell your car when the interior and exterior are still in shape. Not when the car door is already faulty or when you have huge holes under the car. The surface of the car is a significant determinant of the amount you will receive for the vehicle. The condition can be improved upon before selling to ensure you get optimum value.

We all use different car brands and drive on different roads, so there is no universal formula in determining how long to keep a car before selling. However, paying attention to the vehicle and the local market can give you all the cues you need to know when to sell.

By financen | May 31, 2019 - 5:25 pm - Posted in Credit Card

Perhaps it is your first time to consider replacing your existing credit card, and you find the sheer number of choices available quite daunting.

Maybe you regularly travel for work or play, and you would like to switch to a credit card that offers better rewards.

A change in your professional or personal circumstances (a promotion, the birth of a new child) might also be prompting you to look into other options that could benefit you more.

Comparing credit cards

Whatever your reason may be for switching to another credit card, it is essential to make an apples-to-apples comparison.

Here, you will need to put a few critical factors into consideration.

How you plan to pay your bill

Should you prefer to pay your bills in full, opt for a card from a bank that waives annual fees as well as provides longer grace periods.

On the other end of the spectrum, if you are someone who prefers to pay only the minimum amount, consider credit cards that have low interest rates.

If you are planning to use your new credit card as your primary mode of payment for frequent transactions, choose one that has an excellent rewards program as well as a high credit limit.

Finally, if you intend to use the credit card for emergencies only, select one that offers a combination of low fees and interest rate.

Types of interest rates

Broadly speaking, credit card interest rates can be categorized into two: fixed and variable.

With a fixed interest rate, credit card users pay essentially the same interest rate. However, such a rate may change depending on the terms laid down by the bank, like late payments or going over the prescribed card limit.

With a variable interest rate, the interest rate you may have to pay can change from month to month. The interest rate here is usually tied to other financial indicators.

Credit limits

The amount that banks may be willing to let you borrow will depend heavily on your credit history. This can range from hundreds to thousands. But whatever the credit limits are on the card you are going to get, it is a good idea to spend within those limits to retain a good credit score.

Charges

Check the fine print, especially those that relate to penalties and other charges. Some cards may levy a hefty fee for transactions like balance transfers or spending beyond your credit limit.

Make sure to compare these fees before settling for a final choice.

Rewards

Choose a card that offers rewards that make the most sense for you. For example, if you frequently travel, select a card that offers a program geared towards travelers, allowing you to earn more points faster.

Do not forget to check the conditions set by the bank regarding the rewards program, including expiry policies and ways to earn the most points.

An easier way to compare credit cards

With numerous choices available for people looking for a new credit card, making the switch to a new one may seem like a difficult task.

Fortunately, if you are planning on getting a new card, you no longer have to hop from one bank’s website to another or leaf through pages and pages of brochures to pinpoint the best card for your needs.

By leveraging the power of the Internet, you can compare different credit cards in just one place through a credit card comparison website. Such a site can help you better understand the benefits of each credit card in your shortlist as well as enable you to maximize your savings.

This kind of website takes into account numerous important factors, including your spending patterns and the features you are looking for into a card.

All you have to do is to identify the features that work best for you and input them into the website. From there, a selection of cards will be listed. You can whittle down this list further by highlighting the top cards that you are interested in and compare these among each other.

Once you have found a card that works best for you, you can even apply online.

Credit card comparison made easy

With several credit cards vying for your attention, deciding on which one to get is no easy task. In the UAE alone, residents have over 200 options available to them.

Fortunately, a credit card comparison website can streamline the whole process for you.

AUTHOR BIO

Deepak Kumar is a Co-Founder of SoulWallet, a neutral comparison portal for consumer financial services. With a team of “out of the box” thinkers and a deep understanding of the UAE consumer banking industry, the company helps customers make the best choices while shopping for financial products such as credit cards and loans.

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By financen | May 22, 2019 - 5:25 pm - Posted in Finance
Accounting Firms

Working in an accounting firm might sound like a boring job to others, but an accountant has a very important profession. They keep the firm organized and in order. Not anyone can be good at math. Some people just don’t want to go through that trouble of continually taking care of money for others, because that’s what accountants do. It’s not an easy job, but if you love working with numbers, then you’ll just fit right in. The coming and going of cash is something that defines the job, among other things as well.  Find out more from here.

Moreover, accountants prepare and examine financial documents. Some of the most common things that they do in the company are to analyze data, healthcare benefits, tax returns, compensation and many other duties. It all depends on the type of business because there are different branches in accounting; the word itself is like an umbrella term for various departments. At the end of the day, they help organizations or individuals to create their financial goal. Once the goal is set then the accountant’s job is to help you fulfill it. If you’re interested in this type of career then here are some of the best firms to apply in:

CBIZ

This type of firm engages its accountants to provide customers and organizations with financial benefits and insurance services. People usually hate bureaucracy. Those that don’t can end up working in an accounting firm. Working in a business such as that requires a lot of responsibilities because a lot of people depend on you. Offering people insurance is one of the most essential duties that an accountant can have. If you’re interested in financial accounting, then this type of firm is the best option for a career.

The Gagnon Group

Accounting

This type of company focuses more on tax preparation as opposed to financial accounting. Taxes are what keep the country moving forward. Everyone pays taxes nowadays because the law says so. The accountants are professionals that know what they’re doing. This might sound like a tedious job to someone that doesn’t want anything to do with numbers and cash, but that doesn’t make it less critical. In fact, accounting firms are one of the most organizing and integral workplaces in the world. The salaries are high and the people that work there are professionals. This would be the perfect type of business for those that are interested in tax preparation.

DGC (DiCicco, Gulman & Company)

Luckily for you, a lot of accounting firms are available for job opportunities in Boston. DGC is also one of those firms. They aim to please their customers by providing consulting services about tax audit. Some of these services offer litigation support, transaction advisory services, forensic accounting, etc. A firm like this provides the perfect opportunity for young individuals to meet exciting new people as well as to build a successful career in the future.  They aim to please their customers and offer the best service they can.

Tristan CPA

As the number of firms mentioned above, this type of firm doesn’t lack efficiency, professionalism and dedication as well. It is composed of a team of accountants that will simply make your life much more comfortable. Let’s say that you’ve started a new business. Everyone knows that starting from scratch is difficult. Forming a company is a huge responsibility. That’s why accounting firms help business owners with their bookkeeping and taxes to minimize that responsibility. Why waste time doing something, when a professional can do it even better? For more information check https://tristancpa.com.

Gray, Gray & Gray

This type of firm is also more focused on financial accounting. They offer accounting software, bill paying, grant compliance, etc. It is the perfect workplace for fresh and new beginnings. If you’re a fan of math and paperwork, then this is the ideal place for you. You would be able to help millions of people. All you have to do is have excellent organizational skills and the love of numbers. The rest will go smoothly. So don’t waste any time and apply for a job position as soon as possible.

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By financen | May 9, 2019 - 5:58 pm - Posted in Accounting, Tax
Accounting Services

Accounting and personal tax services are not one of the “cool” neighborhood offices. Everyone knows and loves the diners, the movies, the stores and malls but not everyone knows the accountant’s office in the neighborhood.

Be that as it may, the most important folks in every neighborhood will most like know exactly where the best neighborhood accounting service is. The reason for this is very simple – they offer a really important service to folks who want to take their finances seriously.

To help us understand this topic better, we will try to look at what an accounting service offers.

What is an Accounting Service?

An accounting service is a company of accounting professionals that offers a wide range of services that covers all accounting processes like bookkeeping, payroll processing and management and other such processes aimed at ensuring a client’s financial transactions and records are kept in a highly organized manner.

You can read more about it here.

What is a Personal Tax Service?

So what about personal tax services? As an individual’s income begins to increase, it is important to understand how best to navigate issues that have to do with tax. Failure to do this can result in a number of things including over paying on your taxes or under paying and incurring the wrath of your government should they eventually find out.

A personal tax service will guide you through the entire process, helping you work with relevant tax laws to ensure you never run afoul of these laws while also making certain you never pay more tax than you should.

Who Needs These Services?

From all we have looked at above, you should already have an idea of the class of folks that will require the services of personal tax and accounting services. These can be classified into two groups – businesses and certain individuals.

Businesses

One accounting school in its bid to coin a witty slogan said “Just as French is considered the language of love, accounting is considered the language of business.” Whether anyone likes it or not, no business can do without proper accounting.

A business needs proper accounting to know if it is making profit or recording loses. It needs accounting to get the data it needs to understand what areas of the business needs improvement. This is the same for every business, whether big or small. The only difference is that the bigger the business gets, the more complex and demanding its accounting needs get.

While larger companies can afford to have in-house accounting departments, smaller businesses will find the services of an accounting firm both cheaper and more effective. They can keep their books in the best possible shape without going through the stress of hiring their own accountant and paying the attendant cost.

With proper accounting services, bookkeeping, payroll management, tax preparation etc. will be fully taken care of.

Individuals

First off, not all individuals may require either an accounting or personal tax service. However, as your income increases or becomes highly diversified, you may find that handling your taxes can become very confusing. Having a personal tax advisor to help you through the process can either save you cost by ensuring that you do not pay more than you should, make sure you do not default on any tax laws or both.

The higher your net worth, the more important it will be for you to get not just a personal tax service, but also an accountant or an accounting service. This is why you will never find a rich person who does not have a lawyer and an accountant.

Using the Right Accounting Service

When choosing an accounting service, it is important that you choose the right one or else you may not enjoy the full benefits you are supposed to get from such a service. To ensure you choose the right service, we will provide a few tips that will help you through the selection process.

How to Choose the Right Company

To ensure the company you finally settle for is the right one or has the relevant experience or knowledge to deliver the quality of service you desire, note the following tips.

Ask for Referrals

One of the best ways find the best service is to ask for referrals from friends or family members. You can even ask from anyone or business you think has their accounting well sorted out. People will usually only refer you to people who did a good job for them. In the same vein, people will also warn you off anyone or company that did not deliver quality service to them. This can save you a lot of stress.

Check for Reviews

Just in case you didn’t get any referrals or you got a lot and therefore need to do some sifting, simply go online and look for reviews regarding the company in question. Since we are focusing on the Abbotsford area, a near me search will show you personal tax and accounting services within the area.

When you check these, you should also see reviews from their previous clients. Their reviews should be able to give you an idea of how well a service they provide.

Keep it Local

This should be pretty obvious to all. There’s no point in you looking for companies outside of the Abbotsford area. There are a number of them like https://numbersunlimited.ca. Choose from these for increased convenience.

Compare Quotes and Services

After you are done shortlisting some companies, you can then finalize by comparing their cost and services offered to make a final decision.

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In the beginning, most entrepreneurs have no idea how (or if) their company is going to grow. They merely have an idea, a motivation to see their plan come to fruition, and an inkling that it can turn into something more.

As there are so many moving parts when it comes to starting a business — and generally only one or two people to manage those moving parts — there are some elements that get overlooked and pushed to the bottom of the mighty “to-do” list. This can be problematic when it relates to something as crucial as keeping your firm protected.

To help out all the entrepreneurs, even if you are just starting, here are three crucial steps to ensure you are protecting your company on all fronts.

1. Hire corporate lawyers.

First things first: From the get-go, you need to have some kind of legal representation. Too many entrepreneurs and small business owners overlook the fact that there are so many parts of their company that could potentially lead to legal trouble. Obviously, you don’t want this to happen, but it is still best to ensure that you are covered in case it does. Should you find yourself in legal hot water, you will thank yourself for having this foresight.

Even when setting up your company, there are common scenarios in which it is best to have professional legal advice. These scenarios include when you are choosing a designated legal entity, writing up an agreement among founders, signing contracts and leases, and raising capital.

Generally, when it comes to hiring legal help, prevention is better than cure. This means that it is highly recommended that you reach out to top law firms in Dubai (or wherever you reside) as soon as possible so that you can get accustomed to them, and vice-versa.

2. Protect your intellectual property.

Another aspect of your business that you want to protect from the get-go is your intellectual property; otherwise, you won’t have anything that differentiates your company from your competitors. After all, your intellectual property is what makes you unique and is at the very core of what makes your products or services innovative and different. So why would you not do everything in your power to ensure it remained your own?

Generally, there are three types of intellectual property protection (trademarks, copyrights, patents) which are each applied to different aspects of your intellectual property.

Trademarks cover logos, company names, phrases, and symbols. Copyrights safeguard original works. Patents protect manufacturing or design processes.

Whether your company requires one of these protections or all three, the critical matter is that you take the steps necessary to protect them. As these protections don’t necessarily extend around the globe, when you are going through the process, make sure to think about which areas of the world you plan on selling your goods and services to, so that you can be proactive in filing for those locales, as well as with a GCC patent or something similar.

3. Guard your data.

In 2019, you need to be on high alert when it comes to protecting your firm’s data. Cybercrime is a significant threat to all kinds of businesses, and it is up to you to make your data as secure as possible.

Start by using an email encryption and security solution that ensures the intended recipients can only read your messages.

Additionally, work on crafting and establishing a security policy so that everyone involved in the company (even if it is just a couple of people) is clear on how to correctly handle company data.

Furthermore, within this policy, do regular due diligence with the firms that store your data. Ask them about their security standards and procedures and ensure that they line up with yours.

Finally, make sure you are continually updating your systems and software so that they are running the most up-to-date versions. Also, regularly back-up crucial information and data so that you will still have access to it should your computers or emails become compromised.

What steps are you taking this year to protect your business? Is there anything you wish you had done sooner? Let us know your thoughts and experiences in the comments below.

AUTHOR BIO

Sharon Danso-Missah is the Head of Marketing at Al Tamimi & Company, the largest law firm in the Middle East, with 17 offices across nine countries. Established in 1989, they are a full service commercial firm combining knowledge, experience and expertise to ensure all clients have access to the best legal solutions that are commercially sound and cost effective.

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