Archive for Business Tips

The Danger Of Spoofing In The Cryptocurrency World

If there is one word that Leonardo González Dellán could fittingly describe digital currencies, it would be that it is volatile. The price is fluctuating in a significant manner and quite often especially during the early days when a cryptocurrency has just been introduced into the market. This is still happening even to the most popular and biggest digital currency which is bitcoin. One god example is during the end of last year when the every coin has reached almost $20,000 but in just a matter of few weeks it has already spiraled down to one third of the original value.

The time scale by which the prices can fluctuate can be as long as months or as fast as seconds. This is the reason why criminal operations can be accomplished because of the flash crashes that the largest digital currencies are experiencing. This occurs when the hottest tokens are bought at a price lower than usual due to fluctuations and then sold again when the price is back to normal. Sadly, the criminals’ scheme does not end there. A new trend has been caught and it is called spoofing.

Spoofing happens when the criminals try to alter the price of the cryptocurrency in an artificial method through accomplishing fake orders. Traders influence the change in the market by doing fraudulent transactions which could manipulate the investors. As a result, they eight feel positive or negative by the actions thus they buy or sell a digital currency therefore impacting the cryptocurrency’s price at the same time. After the traders have achieved the price they want, they will withdraw the fraudulent transactions they have made.

There are already sources saying that the Department of Justice of the United States is currently doing investigations in order to see if the bitcoin network has been a victim of spoofing through price manipulation. Leonardo González Dellán, on the other hand, believes that the investigation will only focus on bitcoin for now because it is the biggest cryptocurrency in the market. Another reason why they are focusing on bitcoin is the significant price increase in 2017 that resulted to more investors flocking into the network.

 

 

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Cloud Computing Rising In Healthcare, According To A Report From Dell Technologies

With technology making a lot of things in the modern world easier and more efficient than ever, with IT technology like cloud computing, allowing for best practice support in healthcare institutions across the world. So it’s no surprise that major technology companies are keeping an eye on healthcare cloud computing.

Recently, Dell Technologies released an enterprise survey report, which says that healthcare is becoming increasingly welcoming to cloud computing for best practice support, which also leads to digital enterprise business transformation advancing. The report was released by the tech giant at the Dell Technologies World 2018 event held in Las Vegas, Nevada.

According to the report, the healthcare sector has been adopting Infrastructure as a Service (IaaS), at greater numbers, with a 23% increase at the tail end of 2015 to 34% near the end of 2017, suggesting that cloud computing is becoming an important aspect of IT for healthcare institutions and organizations.

The cloud management arm of Dell Technologies, Virtustream, took note, with the Senior VP, Peter Cuts, says that more and more healthcare organisations are now looking for IT delivery models that allow for best practice support, as well as allowing for better operations via improved flexibility and agility, as well as helping cut down on costs.

Cutts says that many healthcare organisations are now prioritizing cloud computing for their IT initiatives. He says that Virtustream responded with their new Virtustream Healthcare Cloud, which he says is compliant with HIPAA and HITECH and grants security, safety and efficiency when dealing with patient health information.

In a keynote address at the Dell Technologies World 2018, Vice Chairman of Products and Operations, Jeff Clarke says that modern technology is changing how the global workspace operates, with ore and more people looking for ways to advance their businesses. He says that 50% of enterprise customers are looking for using cloud for their operations, and that Dell is expecting the adoption rate of VR and AI technology in businesses to hit 20% by 2020.

Clarke says that turning raw data in workable business information is the key aspect of the IT infrastructure operations of Dell, and that the company is working to connect more and more people with the healthcare sector, as well as the groceries sector, and the gaming industry, among others.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

UK And Thailand Talk About Investments And Alliances

Business meetings when conducted the right way can be very effective. One of the most important factors to ensure the success of a conference, it is to find a meeting room that is within convenient distance for all the attendees. All the requirements for a meeting must be available like furniture, overhead projectors, sound system and proper lighting.

In a meeting, Deputy Prime Minister Somkid Jatusripitak told British International Trade Secretary Liam Fox that he wants the United Kingdom to invest more in Thailand on several areas where the British are considered experts like the services sector, software and the development of schools in Thailand. Liam Fox is in Thailand because investors were invited to invest in the Eastern Economic Corridor that will cover Chachoengsao, Chon Buri and Rayong provinces.

Since the United Kingdom will soon be leaving the European Union, it is looking for other areas of investment like Thailand. Clear signals are being sent by the UK that it wants to seek alliances elsewhere. Liam Fox’s visit to Thailand is aimed at strengthening bilateral ties with Thailand including the trade and investment flows between the two countries.

In the meeting, Somkid further said that he would lead the ministers of commerce, digital economy and society including education and leading business figures on a delegation to the UK in the future. Thailand has the second largest economy in Southeast Asia. Bilateral trade with the UK has increased by 2.8% to 5.6 billion Euros in 2015-16. The bulk of UK exports to Thailand include machinery, vehicles and mechanical appliances.

Liam Fox is the first UK trade minister that visited Thailand in the last 15 years and he is expected to raise the subject of a national election as promised by Thailand. UK trade with Thailand is on a steady growth but there is still a huge untapped demand for British goods and services across Thailand.

It pays to research carefully when looking for a meeting room that will suit your budget and requirements. Compare prices and offers but always choose the one that suits you best. If you are okay with the price, book directly through the website.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Benefits Of Investing In A Portable Spa For Your Home

Soaking in a spa is the ideal way to relax your body and soul after a tiring day at work. Spend some quality me time alone relaxing in the spa or use it as a setting to have fun with friends. There are many benefits of using these spas.

There is a wide variety when it comes to selecting an ideal spa for your room. You can choose amongst the swim spas, gazebo spas or portable spas in Sydney, depending upon the size of your home and your requirements. A swim spa comes in a number of sizes and is ideal for big homes, while a portable spa is small and can be carried easily.

An ideal home spa should be created with utmost care. It should have an ergonomic design combined with proper plumbing arrangements. The temperature settings should be easy and simple to alter according to the user’s requirement. A good home spa should provide the warmth and buoyancy required to relax the joints and muscles in the body. Proper placement of the jets also plays an important role in the quality of massage offered in the spa. All these elements combined together, produce the best home spa.

Potable spas are great options for the modern day small homes. These spas can be easily installed in your preferred location, whether it is the balcony, garden or your bathroom. The portable spas in Sydney are very easy to install. The units are self contained. All the plumbing components, the pipes, jets, heaters and filters are fitted inside the beautiful cabinet. Portable spas are available in a variety of sizes and are easy to carry when you move places.

Investing in portable spas in Sydney is an ideal deal. You can relax in the spa and get a soothing massage in the comfort of your home. It also eliminates the need for expensive spa visits in the maddening traffic. The ergonomically designed sleek spas offer a relaxing hydrotherapy at home. The easy installation procedure allows you to set up the spa wherever you feel like and relax in the warm soothing waters.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Private Owned Vehicles In Singapore Must Have Decals

Starting the first day of July this year, all private owned vehicles in Singapore must display the required decals on the windscreens of their cars.

The decal display is made of plastic and is 14 cm by 10 cm in size. This is approximately two times a road tax disc’s size. The decals are required to be placed on the front windscreen as well as on the rear.

The decal cannot be tampered with because police officers and authorities will be able to distinguish a decal that has been removed and put back in place.

According to LTA or Land Transport Authority, the requirement of the decals is done in order for registered cars under private ownership to be easily recognized. Authorities will be able to conduct any search and questioning for vehicles that are utilized as chauffeured services or hired in any way by hailing passengers on the road.

Owners of private vehicles should register their car before February 28 in order to get the tampered-evident decals for free. After that date, registering owners will have to pay a fee of $20 for a pair of decals.

For the front windscreen, the decal must be placed at the upper right corner while on the rear windscreen the decal must be positioned at the upper left corner.

Owners of private vehicles may not get a copy of their decals from authorized locations only – Uber, Grab affixing centers, STA inspection centers and Vicom/JIC inspection centers. They will also be the one to affix the decals on the cars.

Private vehicles without the decals will be violating the Road Traffic Act though the agency hasn’t released a guideline regarding the penalties yet.

During regular vehicle inspection, the decals will be part of the car which will be inspected as well. Road tax will not be subject for renewal unless owners have acquired their decals.

All owners of registered private vehicles have already been notified via mail and the number is approximately around 30,000.

Car signs in Sydney are also a common thing though most vehicle wrapping covers the entire vehicle unlike the decals which are quite small and can be passed off as a parking sticker.

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

An Accountant’s Guide To Surviving A Tax Investigation

Anyone whose financial dealings come under a tax inspector’s scrutiny needs to prepare for an emotional challenge. Denial and terror are the usual reactions followed by regret and anger.

Daniel Dover, a partner at BDO as well as a co-author of “HMRC – Her Majesty’s Roller Coaster: Hints on How to Survive a Tax Investigation,” shares his guide for surviving a tax investigation.

To stay calm

Tax is very complicated. It is important to stay calm and to find help from an expert and experienced adviser who knows how to resolve investigations and has information on how an auditor operates.

To not destroy any evidence

HMRC will assume that a person is hiding something when an evidence is destroyed. One should be prepared to secure some replacements. Then, he or she needs to work with his or her adviser to fill the gaps and do reasonable estimates.

To seek clarification

It is best to keep asking when there are certain points not understood. HMRC urges the tax inspectors to work together with the parties involved.

To not under-deliver and not over-promise

When it is impossible to meet a set deadline, it is helpful to talk to the Revenue, to describe the situation and to agree on a new time scale. When deadlines are missed, it increases penalties and results to formal information demands. When payments are needed, the tax man should be informed right away as missing the pre-agreed payments results in serious consequences.

To not assume

The Revenue has access to big amounts of data and will be able to get more. If there is an error in a return, do not assume that is all they are interested in as they will also want to check the other years.

To be honest

Full disclosure of all needed facts and an explanation on things going wrong is essential.

To be a step ahead

Each draft response should be read carefully. Answer a question and give supporting documents during a response.

Conclusion

Tax laws and legislations are complex matters that require knowledge and skills to understand. It is helpful for an average taxpayer to talk to audit insurance brokers in order to equip himself or herself with insurance especially when audit cases need to be defended. An insurance will cover those costs risks.

 

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.

Inbound Marketing Statistics Every Businessman Should Know

If you are in the field of business or entrepreneurship, you might be familiar with inbound marketing. There are many who have tried the method and found it effective, there are those who are yet to try with a burning question in mind, will it increase my revenue and not just look good in theory?

This is what many businessmen are after, the bigger picture. There are many things that one should know about inbound marketing but the most important is that you know how this method will help your business by making an impact. Here are three of the most important statistics involving inbound marketing.

Inbound campaigns result to higher return of investment (ROI). Every type of marketing requires some form of spending and this is what makes inbound marketing the most special among them. Companies are able to have higher return of investment. In fact, according to statistics they are able to achieve three times more before inbound marketing. If you are aiming to get the ROI you dream of, buying an ad space from the bus stop company will not cut it. Keep in mind that inbound marketing is good to be paired with outbound marketing though.

Conversion rate is higher. If you are getting leads then that is good news but what CEO would like to see is those leads filling up the form that are provided on the website. The main focus of businesses is not the leads but the actual customers that came from those leads. If sales is to increase, it will follow that revenue will also increase. According to statistics, around 42.2 per cent of companies that are employing inbound marketing have experienced an increase in their conversion rate with regards to lead to sales.

Marketing will help businesses save money. Many might question the investment they are making as they get higher sales as well as an increase in ROI. According to statistics, if companies are to invest more in inbound marketing rather than outbound marketing, they are able to save an average of $20,000 every year. This is a huge amount if you take into consideration the positive effect that inbound marketing is doing for your revenue. To achieve these statistics on your own company, hire crewdo.

 

About Patient Atcho

Patient Atcho started with The eBeninois Mag and his vision to have an avenue where all the different business industries will meet. Admit it or not, different industries have their own focus.