How much is super required to make establishing a self-managed super fund (SMSF) worthwhile? Many people who opt to set up an Self Manager super fund (SMSF) base their decision on the why, but it is also vital to examine the minimum feasible balance they require. For example, when I established my family SMSF, we set a minimum balance objective of $200,000. The personal … [Read more...] about An advisor’s perspective on SMSF startup fees
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Is Using an MSP Essential for Business Growth?
Businesses usually find that the amount they depend on IT grows at the same rate the business does. It’s estimated that the amount of businesses that would simply not function without IT is a huge 95%. However, if you’re that reliant on IT, it must be supported. This can mean that the more you rely on IT, the more it can cost to keep it going. Many businesses and … [Read more...] about Is Using an MSP Essential for Business Growth?
Why should you know about Section 87A of Income Tax Act
The Government of a country levies tax from every citizen to fund its various activities. Higher the income higher will be their share of tax. Under section 87A of Income Tax Act, 1961 provides a rebate where people are not burdened by the taxation so that the people can meet the ends with their limited Financials. What is Section 87A of Income Tax Act The Rebate under … [Read more...] about Why should you know about Section 87A of Income Tax Act
Helpful Ways to Make Your Company’s Payroll Management More Effective
Payroll administration is one of the most important components of running a business. Many people believe that it just entails depositing paychecks into employees' accounts after checking their attendance records and calculating salaries. This, however, isn't the case. The reason? Payroll management involves a lot of aspects that make it a complicated procedure. For example, … [Read more...] about Helpful Ways to Make Your Company’s Payroll Management More Effective
MARGIN AND FREE MARGIN IN FOREX TRADING
The issue about this “loan” that your forex broker provides you when you trade is that everything is good if the trade works in your favor. You start repaying the "loan" and pocket the profit when you close the trade. However, if the trade goes against you, you will gradually lose money. Because the forex broker believes you can make a payment you've placed for the trade, and … [Read more...] about MARGIN AND FREE MARGIN IN FOREX TRADING