[-] Vinstaal0@feddit.nl 2 points 3 weeks ago

Companies should be allowed to make a profit, you need that to cover bad years, invest in the future of the company, etc. A company without profit (unless it is a non-profit) will not survive.

[-] Vinstaal0@feddit.nl 2 points 1 month ago

Privacy is the word you are looking for.

O wait ... the US doesn't know privacy for everything but companies

[-] Vinstaal0@feddit.nl 1 points 1 month ago

Probably because a lot of countries either dub the content or it is already in their native laguage. You generally see a lot of subtitles on OpenSubtitles of countries like The Netherlands where that doesn't happen

[-] Vinstaal0@feddit.nl 1 points 2 months ago

Yeah they have, my uncle had a cheaper Samsung and in the sound settings there was a button for samsung sound settings, which had the exact same settings, but they acted differently. Some acted the same and would also change say a slider on the normal menu and some wouldn't.

[-] Vinstaal0@feddit.nl 2 points 2 months ago

Near me they introduced an old school cash register with somebody behind it. It is known as the talking cash register lol

[-] Vinstaal0@feddit.nl 1 points 2 months ago

Yeah, something like Peppol (digital invoice exchange system) wil also be easier in the bookkeeping/accounting fild.

[-] Vinstaal0@feddit.nl 1 points 2 months ago* (last edited 2 months ago)

PE's also want a return ... and VC is a form of PE

[-] Vinstaal0@feddit.nl 1 points 2 months ago

It's not really their MO, the idea is that they invest in high risk startups in a trade of ownership. Startup's are already at high risk of failing.

The thing with private equity (VC is a subversion of PE) is that they do everything in their power to gain as much profit as possible. Most of the time in a short time span (1 to 5 years) and then sell the company or dividend out as much as they can. That's why some countries (like NL) have laws at how much you can dividend out btw, it is still easy to kill a company.

They will also not kill cash cows, aka companies/products/services that generate a nice amount of profit without doing much to generate that profit.

Using PE is can be a decent option, but treat it like crowdfunding financing. Promise them a certain ROI and give them a minority interest in the company structure (50% of shares mines a single share or less).

[-] Vinstaal0@feddit.nl 1 points 2 months ago

Every country needs a more fair tax structure. Sadly a lot of people don't seem to get that here in NL (among other countries). Even the left doesn't really want to fix it. since increasing social security for the lower class makes it so the middle class pay a lot more taxes percentage wise.

[-] Vinstaal0@feddit.nl 1 points 2 months ago

Everybody wants interest on their savings or a return on the investment. This is pretty ingrained in society, and it forces banks to invest into companies which need to get a profit above what would be normally acceptable. Combine that with narcissist personalities and the Anglo-Saxon mindset, and you get companies that do everything for profit maximization.

Which in turn causes those companies to grow and buy out companies who do not share that sentiment, which will never grow massive.

It also doesn't help that we have been overpaying for things like hard- and software compared to the actual cost in the bookkeeping of these companies. A lot of personal time is often invested in startups that is excluded in the bookkeeping, which makes for higher profit margins. Plus, people go for the convents of things like Amazon even though it is often worse than local alternatives.

[-] Vinstaal0@feddit.nl 1 points 2 months ago* (last edited 2 months ago)

You can never fully replace an accountant with AI, you can replace the assistants, the bookkeepers, secretary and other support staff, but the accountants themselves are never going to be replaced. People want something that tells them everything is okey or trust on a certain quality standard. That's why accountants where introduced in the first place.

But man we are still manually entering data from invoices, using basic bank imports that in some countries(cough US) don't even work properly to be trusted in the first place. Invest into AI in the right part of the accounting sector and you can make millions and I have been saying this from before the AI boom.

Edit: nobody likes mindlessly entering transactions, that's why bank connections are basically the standard now. Same for OCR invoice processing and asset tracking.

[-] Vinstaal0@feddit.nl 1 points 5 months ago

A tax increase is never fine and Trump is only gonna use it to fund the rich.

However there will be a tax increase if the US ever get’s social security.

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Vinstaal0

joined 5 months ago