Are You Worried About Credit Card Fraud

Are you worried about your credit card or debt card being stolen? You’re not alone, it’s estimated that 51% of people in the UK are concerned about their credit and debt cards being stolen. Credit card fraud is a consent worry, and with more people using their cards as there main source of paying for services and goods. It gives the criminals many more chances too get information from our cards.

Credit card fraud is not new, the companies seem to be getting a head on how to stop the criminals, and then they come up with a new way it’s a never-ending problem. Credit card skimming is just one of the problems, that is where they take the information from the magnetic strip and transfer it on to another card. The companies are trying hard to fight back and they have hit back with the chip %26#38; pin card, which seems to be reducing fraud but give it time no doubt the criminals will find a way around that.

There are ways to help yourself with credit and debt card fraud, below are some useful tips in keeping the criminals at bay.

• Never let your credit or debt card out of your sight• Never keep your Pin number with your card• Don’t give your Pin number out to anyone• When withdrawing money from an ATM machine make sure no one can see your Pin number • Check bank statements very carefully any problems contact bank immediately• Paying for goods with your card double check the amount before entering Pin • Keep chequebook and cards separate at all times• Report your lost or stolen cards immediately• Make sure you destroy statements and old cards properly, leaving no account numbers visible

The tips above will help you to fight credit or debt card fraud but we have to be vigilant at all times. As I said earlier with more people paying for goods and services with there cards, it gives the criminals more opportunities to get our information so it’s up to us to do what we can. With online shopping becoming very popular a lot of us worry about paying for goods over the net, credit card companies are trying to put our minds at rest. With most of them giving you extra fraud cover most give this cover free, but some do charge you so just check with your credit card company.

Credit and debt cards are here to stay so lets hope in the near future that the credit card companies, can rid us of credit card fraud but I am afraid it’s big business costing us millions every year.

Peter Kenny is a writer for creditcards-gb.co.uk. For additional articles and an extensive resource for everything about credit cards, please visit us at http://www.creditcards-gb.co.uk and http://www.creditcards2go4.com For credit card advice please visit here http://www.creditcards-gb.co.uk/creditcardadvice.html

How to find a cpa?

I spent about $8000 on my credit card for my company. Our company is small so we dont have a company CC. Reason why its expensive is because I bought a desktop, laptop ( to carry around with me to show clients ), copy/printer machine, a cell phone and other things that I need for this business. I told my boss that I will be buying this with my card, he said it was ok and that we have a CPA. Now, hes saying I need to get a CPA. I told him that dont we have a cpa and he said we do but it doesnt cover personal but only business. Will a CPA help me reimburse my bill for items that is only company related? or something else? I heard its $80 fee to meet a CPA.
My employer said that if I show him the receipt and the transaction he will help me out but then he mentioned something about end of the year all at once with my cpa, I dont know what he meant.
I just want the stuff I bought with my own card for business to be compensated. Or I will end up paying $7000 back for a long time since each month is interest goes up.

Answer
Your CPA can provide many things including tax planning, year end financial statements, payroll (should you pay yourself and/or an employee), answer financial questions, etc. Since you purchased items for the business you can deduct them through depreciation. There are certain formulas that are followed.

I went to a lawyer to start up a corporation and he told me for tax planning get to an accountant first and find the best suitable business entity. An accountant will give me a clear view of what's possible. Keep in mind, most small businesses fail due to lack organization of financial record-keeping and not knowing where they financially stand.

If you attempt to do things without a professional or don't get the proper education, you can sabotage your business. For example, while working in an CPA's office there were at least five clients whose Quickbooks weren't set up the correct way (the bookkeeper did it-most used excuse). Now they have to pay for time to re-enter information.

Save money by calling the accountant's office and find out what category most of the clientele are in (self-employed, corporations, employed). Find out how he/she treats employees. Because if they are disrespectful, they will be disrespectful about you to the employees.

Will the accountant provide financial data that will tell you if you are running in the red or that your cashflow could be changed? Will he or she be an advisor or just provide services based on fees? Is their technology up to date (the guy I worked for used a dot matrix printer and an accounting program from 1983)? Shop around, 15-60 minute consultation will be worth it. A firm here in my town stole $25,000 from a local business.

If you decide to bypass an accountant, take classes if you have the time, especially Quickbooks and Accounting 101. If you should be flagged for an audit, have your financial records pristine.

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