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Tuesday 11 March 2014

A Long Island CPA & The Element Of Chance

By Robbie Sutter


Slot machines are, admittedly, not the first devices I would think of when talking about the work that a Long Island CPA is responsible for. After all, these machines are typically utilized for leisurely purposes and no one in their right mind will depend on one for financial stability. That being said, is it possible that they can prove useful for the sake of business in the long term? It seems like this is the case, at least for one idea that is about to come to the surface.

According to an article on the Washington Post, there has been a unique system that can come into effect in order to help a number of smaller companies. "Volt Fund" is the name and it is an idea that, in my mind, is more connected to the work of any Long Island CPA than it is probably given credit for. What this machine is able to do is take a portion of its proceeds and apply it to companies headed by women and minorities. This alone makes it a system worthy of various authorities, CFO Consulting Services included.

It seem as though there have been a number of areas within Maryland that have benefitted from this system since it came into effect. The report talked about how Anne Arundel County has been able to attain a number of commercial loans. Volt Fund has brought them to the surface and it's hard for me to argue with its growth over the years. The system started in 2007 but only in 2012, when it had enough of a financial backing, did it truly come to fruition.

I think that this system should also be noted because of how slot machines are not exactly clear with where their funds are headed to. The question may be asked: where exactly does the money that goes in get transported to? Now that those in Maryland understand that this system has put in place, we will be able to see the amount of money transported, at least to some expect. This alone makes Volt Fund enough of a tremendous idea for it to gain attention across the board.

It's clear that Volt Fund is one of the less conventional ways for money to be made for the sake of helping smaller companies across the board. That being said, isn't it because of this reason alone that it deserves the attention it has attained? Without new ideas coming to the surface, how is progression supposed to happen? Volt Fund has a unique premise and I feel as though it can prove to be even more useful with time, provided it has the support in order to do so.




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