Saturday 8 February 2014

Can Slots Be Focused On By A Long Island CPA?

Posted by Unknown at 14:24
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.

The Washington Post published an article in regards to a system that can help a number of small businesses. Going by the name of "Volt Fund," it's a program that deserves the attention of any Long Island CPA because of how it can take a share of proceeds from any slot machine and apply them to smaller companies owned by minorities and women. To say that this has potential would be an understatement. Companies like CFO Consulting Services should take note of this story and its developments.

Maryland has seen quite a bit of success because of this system and there are a couple of examples to make note of. For one, Anne Arundel County has been able to bring in a number of commercial loans because of Volt Fund. However, what has caught my interest more than most is the way in which it has grown over the course of time. It began in2007 but what's worthy of note is that it did not become active until 2012, when it had enough of a financial backbone to do so.

I believe that this system can prove especially useful, considering the cloaked nature that slot machines have. Where does this money go to, I am sure that many of us wonder? Well, with this system put into implementation, it appears as though there is a far greater level of understanding as far as the destinations are concerned. Knowing that these funds will be able to help companies that are attempting to gain ground should be enough of a reason for Volt Fund to earn even more attention.

Volt Fund is not exactly the kind of method that I can describe as conventional. However, does this necessarily mean that it should not have the attention that it has secured as of late? In my opinion, it's a unique idea and the fact that it has been able to come into effect with strong results speaks volumes about the potential that it can have for the sake for the future. Volt Fund has a strong premise and I can only hope that its level of support will become greater.




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