All posts by MyOrbit-Team

Business Services

DIY Accounting UK

DIY Accounting provides payroll software & finance accounting software, company formation UK, small business accounting software and tax accounting software that produces the self employed tax return, paye tax returns plus limited liability company registration. Go here: http://www.diyaccounting.co.uk

DIY Accounting UK offers Excel bookkeeping and accounting spreadsheets providing accounts systems for the UK small business owners that makes bookkeeping entries fast and easy.

  • The self employed accounting packages are based upon a single entry bookkeeping accounting system producing automated P&L accounts and the tax return.
  • The company accounts packages produce a balance sheet and corporation tax return based upon a double entry bookkeeping accounting system.

The Finance Expert Behind DIY Accounting

Terry Cartwright
14 Kingsley Avenue
Gosforth
Newcastle upon Tyne
UK – NE3 5QN

Testimonials_for_DIY_Accounting:

  • Good simple easy to use accounts software excellent back up. Graham, Liverpool
  • Excellent, super fast service, highly recommend, great product. David, Bristol
  • Fantastic Product – So easy to use. I am sure I will be using your services! Scratch, Bournemouth
  • Very helpful man and an excellent program to have so get one NOW! Jan, Hertfordshire
  • Excellent program, prompt delivery and will deal again for sure. 1st Class. Joy, Orpington
  • Amazing value, speed and service, very professional product, highly recommend. Stuart, Wellingborough

MyOrbit team bought and used the software first-hand, and it works great. You have to put in about 30-60 min to read the user guide, and then you can fill each of the easy-to use work-sheets. Anyone can use it successfully. You can be ready to file your UK corporation tax within a day (depending on the number of business transactions you have to enter). Plus Terry offers wonderful support if you have any questions.

So if you are a UK business professional, or UK company director, you will find this software very useful. To get your copy of this very useful software, go here: http://www.diyaccounting.co.uk

Business Services, IT Services, Technology

WebEx: Online Meetings & Remote PC Control

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WebEx is the global leader in web conferencing and collaboration services for individuals and small/medium businesses at low flat-rates.

Quick Facts:

  • 3.5 Million people use WebEx every month
  • Explosive growth in the online meeting and remote PC industry
  • 82% of the Fortune 100 use WebEx
  • Industry leader with more than 60% of marketshare
  • Now part of Cisco

PCNow 30-Day Free Trial, Remote PC AccessPRODUCTS
WebEx PCNow – Remote Access
For as little as $10.35/month, PCNow gives you the ability to access your pc files, network, programs and email while at work, at home and on the road.

WebEx MeetMeNow – Online Meetings
For as little as $39/month, MeetMeNow allows you to conduct unlimited online meetings, share applications, give presentations & demonstrations and provide training & support.


Business Services

T-Mobile UK: Best Telecom Phone Deals

T-Mobile is one of the world’s largest mobile operators. Our company doesn’t need an introduction, but our latest phone deals sure do!

Our website not only features the full range of offers, products and price plans, we also feature web exclusive offers and phone pricing with next day delivery.

Click below to check-out our latest and Best Phone Deals in the UK.

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Business Strategy, Capital Markets, Market News, MyOrbit Blogs, People

US and Global Financial Crisis – Views & Updates

Like most of you, we have been watching the developments for the last few weeks, as MyOrbit spans worldwide with a link into the global markets. This post puts our thoughts and updates for you.

Background:

Financial institutions have been struggling to meet the mandates of bad loans, and the global markets have been showing the effects.

Banks are allowed to lend about 10 times the capital they have on deposit (called CAR: capital adequacy ratio), but multiple banks seem to have not-confirmed to this requirement, and in effect lending much more than their safe limits. Losses on mortgage-related securities have depleted bank capital. Those securities had collapsed with falling home prices, along with increasing defaults and foreclosures.

Now the common annual-deadline-abiding taxpayer of the US will be paying for the lack of accountability by Wall Street Banks, and to an extent the Financial Heads in the US government.

While the US legislation passed a bailout package of $700 bn with good intentions (following great effort by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke)…but the what, when, where, how- are still not clear.

If so much of US tax payer’s money has to be used to rescue poor performing banks…and there’s a reason why they are poor performing …because they gave $500k to $1 million mortagages to almost everyone who asked in 2005-2007 without much due diligence (we heard about NYC road-side pirated DVD sellers getting $500k mortgages!)

And the tax contribution from the people who received those bumper mortagages probably don’t add up more than a few billion dollars, which leaves the majority of common tax payers holding the $700 bn bill….for a lunch they never had!

Initially, the plan was to buy distressed securities of the banks to help clean-up the Balance sheets of the Banks– but that did not sound good. Why should the Govt buy toxic securities which will only cause loss and give nothing much in return?

Updates:

Henry Paulson’s earlier life as an investment banker is now playing a key role in how the bailout solution is shaping up.

Most Republicans and Democrats in the US legislation agree on taking equity stakes in financial institutions, because if government money is going to be used, taxpayers should at least get the chance eventually to profit from the investment.

So the US legislation is now following the approach used by European govts — and will fund the recapitalization. Thankfully, the focus of Paulson’s initial plan — of buying distressed mortgage-related securities to improve banks’ balance sheets and make it easier for them to lend again — is not being shifted to buying equity/holding position in the distressed banks and FIs.

The latest approach of buying equity stake in distressed banks and FIs is a much better option for the taxpayer funds. At least there is an upside if/when some of the distressed banks and FIs do well, the Govt would gain from appreciation of its equity stake. In that sense, the Govt is taking the role of a mega-investment-banker by underwrtiting the securities of these banks and FIs.

Advertising, Business Strategy, Innovation, Market News, MyOrbit Blogs, New Media

Success Story of Wall Street Journal Online

1 Comment

At one time, newspapers were incredibly influential in terms of their ability to shape opinion. This is not the case anymore. The main reason for this is the fact that online news sources are providing serious competition to the traditional print press. This has led to a significant decline in newspaper circulations.

However, a small number of print newspapers like the Wall Street Journal have not only survived the online storm; they have done extraordinarily well despite the competition. The newspaper still boasts two million readers a day. Even more impressive, however, is the fact that the paper has transitioned quite well into the online medium. Its online subscriber numbers are staggering as the paper has close to one million members. These are truly amazing numbers and it leads many people to wonder the secret of the Wall Street Journal’s success.

Part of the reason is that although the newspaper is named after a particular street in New York City, the subject matter of the paper is international in scope. There are financial markets all over the world. People involved in these markets require an influx of news on the subject of banking, finance, and the economy.

Whether it is the financial district of modern London or the black Wall Street of 1920’s Oklahoma, people all over the world have required financial news. The Wall Street Journal provided for that need. As a result, it has been reaping the rewards since its inception in an earlier century.

Of course, the ability for the Journal to stay relevant ties in with the foresight to create an online presence. This is no minor feat. Had it not effectively developed a credible online subscription service it would have lost ground to more visionary start ups. Yes, the Journal could have gotten into the game at a later date but this would have been seen as a “follow the leader” tactic and not one of innovation. The New York Times learned this lesson when its late start into online news subscription services never caught on.

How ahead of the game was the newspaper in this regard? Well, the website debuted in 1996. (URL: WallStreetJoural.com) The internet was making its first expansion into people’s homes during this time period. They were well ahead of the curve since it immediately jumped into the fray. Yes, several newspapers had websites but they were sparse and did not truly embody the look and feel of a new media dynamo. The Wall Street Journal Online did and it set the foundation for the future growth that it would soon experience.

Part of the reason for this is that they understood the trends media communications were being directed. Since the Wall Street Journal lived in a realm of dollars and cents, it understood that the future of news would be found in online subscriptions. Traditional newspapers were simply too mired in tradition to grasp this concept. As such, they fell behind while the Wall Street Journal embraced change and rode it to significant new media success.

This is an article written by one of our Wall Street experts of the Wall Street Gemzies page. This Gemzies page is an Online Wall Street Community where fellow experts can share, rate and find websites, videos photos, books and the latest news. We have got some great content on the Wall Street Bull, Black Wall Street and the Wall Street Journal. We invite you to join our Wall Street Gemzies. Article by Marcel_Van_Brienen.

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A few thoughts by MyOrbit: 

The  Wall Street Journal has maintained a prime position in the free market economy, and whether you agree with their views or differ, it is a fact that their view reaches a few million business/financial professionals, and hence has the ability to make tremendous positive or negative influence on any topic they touch.

That said, the online medium, including blogs and websites like ours, are playing an increasingly important role in providing the raw material/ stories that ultimately appear on the pages of Wall Street Journal. The advances in online media have made it possible to get noticed rapidly. For example, Many reporters regularly pick stories from the top social bookmarking sites like Digg and Stumble-Upon.

These are interesting times, and Wall Street Journal surely has made itself comfortable in the online space, which in way, ensures its survival and leadership position in the coming years.