Sunday, January 7, 2018

Simple Switch-Ups To Save Your Business Money

money business plan
Whether your business is going through a tough time or you’re simply looking to cut your expenditure, a cost-cutting exercise could be very beneficial. When people think of cost-cutting, they usually associate it with cutting jobs, but that’s not what this article is about. Here, cost-cutting refers to cutting down your business expenses by making simple switches to save money. Want to know more? Read about the switch-ups you can make to save your business money today.

Slash your utilities

Changing your utility providers should be one of the first things you do to cut costs in your business. It might take a bit negotiating, but it’s possible to cut a lot of money off your annual bill through haggling or changing providers. In addition to cutting the supplier costs, you could also find other ways of lowering your business’ utility bills to reduce those monthly outgoings.

Cut your tech spend

While your business might rely on technology to carry out day to day functions, does it need so much of it? If you take some time to analyze how your business uses technology, you might find that it’s not being used as much as you thought. Find ways you can cut your spend such as switching to a leasing company instead of buying outright and switch your phone contract providers. Even switching to a different tariff could provide you with some savings, so try exploring the different options available to your business.

Switch your external contracts

Whether you work with external marketing agencies, payroll, fulfillment companies or other external contracts, remember to review your agreements regularly to see if you could be getting a better deal elsewhere. You could save money by switching to another supplier, like Red Stag Fulfillment who could provide the same if not better service at a lower rate than your current fulfillment company. Going through a tendering process could be the best way to ensure you make savings while getting quality suppliers competing for the job. Think about your approach to choosing suppliers and whether there’s anything you can do differently to save money.

Move to online systems

There are many business functions that can now be used online to save businesses money, while also providing further security. There are many benefits of cloud computing that can make your workplace more productive as well as save on server costs, while online payroll and accounting software are also useful for your business. Price up the different costs of moving to online systems versus what you pay now to help you get the most bang for your buck.

While there are some active solutions for how you can save money for your business, there are also some proactive work you can do avoid hefty business costs. Protecting yourself against common business financial woes will help you avoid costs that could affect your business’ finances, undoing all of your other savings efforts. Give serious consideration to how your business can save money and start reducing your spend now.

Saturday, January 6, 2018

Time Off Work Due To An Injury? Monetary Upkeep Tips

injury monetary matters
If you have an accident at work or through some other means, it’s likely that the injury will mean you have to take some time off work. In extreme cases, this can mean that you are prevented from working for a long time, which can be tremendously distressing for someone who found that their career gave them meaning. To make matters worse, this means that despite the insurance payout, money will need to be handled effectively. Loose ends will need to be tied up, and sometimes a lifelong scheduling of therapy and care will be important.

It’s vital you know how to proceed in these circumstances. The following advice should help you if you’re unsure of where to turn and how to best deal with your new circumstances. Anyone would forgive you for being worried and unhappy in your new surroundings, but with bravery, the following tips can help you dramatically.

When Healing Doesn’t Work

Many injuries heal. Some do not. Furthermore, some are made worse by the efforts put forward by the medical professional charged with helping your case. If this is the unfortunate truth, then finding medical malpractice lawyers to help you could be your first port of call. Using a service such as the Tittle & Perlmuter law firm, you can express your discontent, collect evidence and potentially litigate for a sizeable degree of funding. This can help soften the blow when difficult situations do not get better, or even if they do get better, allow for compensation due to ineffective initial treatments.


You need to stay social in these times. Withdrawing and tending to your injury yourself can not only mean that you craft blind spots in your self care, but it also means that mentally you are lacking the necessary social encounters we all need to survive and thrive. If you have to move in with your parents to get this, then that might be preferable. If living with a friend is not too much of an inconvenience, then fair enough. In any case, restructuring your life around social contact can help you face with injury with someone as opposed to continually being alone. Sometimes, this is one of the most beneficial things you can do when hoping to self-start monetary upkeep and find the motivation to keep that going.

Sell Unused Assets

If you’re injured for a period of years, there’s no need for an unused car to sit on your drive. Selling items such as these which you can no longer enjoy allows you to build your own cash reserve, and this can come very handy during a period of no work. The worst thing for an injury is to worry about how you’re going to afford next month's rent. Downgrading your life is possible, as not all those who can’t work can justify living in the great apartment they are used to. However, if you’re able to sell off some of your unused belongings in the meantime, you might buy yourself added financial time.

Better Yourself

When you experience an injury, you often have a lack of mobility, but an excess of time. This can be a wonderful time to better yourself and your general mental competence if possible. There are so many degrees offered online with cheap student loan coverings, or even basic courses taught free through educational websites that qualifying yourself has never been easier.

Not only that, but more and more online jobs such as copywriting, transcribing, translating and a whole host of others can be found easily. Travelling to an office and performing a physical role might have been the way you have conducted your career so far, but if you hope to earn a little extra cash, your computer and internet access is of course your friend.

Run A Second Hand Store

If you’re a discerning person, you might make money through running a second hand store such as those found on eBay. By purchasing items from websites and in online marketplaces, you can provide your niche clients with items of a specific purpose or taste with a markup. This can all be done from your laptop, and help build a new professional trading career. If you enjoy finding objects in a certain niche, and believe you can become a position of authority in their trade, then why not get started here?

It’s often super simple to get these platforms started, and once you do and build your reputation the money could come pouring in. Soon you’ll forget all about the fact that your injury is limiting you to an online career, because by definition its freeing nature will have you excited to achieve, connect and earn more every day.

With these tips, you should enjoy a manageable time when unable to work due to an injury.

Friday, January 5, 2018

Welcome To The World Of Investment

investment world
A warm welcome to the world of investment. If you’re reading this article, it is most likely because you’re a business and you want to get into investing. If so, then you’re in the right place. Investment is such an exciting area to get into, there’s just so many things that you can invest in. But at the same time, it is a really risky gamble. You might already know that not all investments pay off, and you want to be sure that yours does. Money is at stake, so it is often a rather stressful situation to be in. But with the help of this article we’ll make sure you’re making the right investments, and going about them the right way. Read on to find out more!

Types Of Investment

There are so many different types of investment that might appeal to you. One of the most popular is definitely real estate. It is such as exciting area to get into, and for business it could even lead to another little business venture. You’ll most likely have the right amount of money to get into this as well through your own company savings. All you need to do is first talk to an advisor who can help you out a little with how to get into it. It is pretty easy, but you need to talk about when is the right time to invest, what properties are going to make you the most revenue, and how much you should spend. Another area that is really popular is other small businesses. With this one you might not need any outside help deciding which you should invest in. You’ll already have a clear understanding of the business world and how it works.

Professional Help

There are professional people out there who have years of experience dealing with many different investments. These are the people you need to be talking to and getting some knowledge from. Take Chris Pivik, and investment analyst with years of experience. Someone like that is who you need to steer your investment in the right direction. They don’t necessarily have to control the whole investment for you, but if you work side by side with them, there’s no end to the money you could be making. Because at the end of the day, investment is really hard to get right, and it is a gamble. So you want to make sure you’ve got enough professional advice on board before you enter into it.

Money Worries

If you’re having money worries when it comes to investment, well… you’re well within your right to. We’ve already explained that it is risky, so you obviously are going to be worried about whether it’ll pay off. The main thing to do here is make sure you’ve got the money aside to actually waste. You don’t want to be throwing money into it hoping that you’ll get a return. It has to be money you’ve saved it purposely for this, just so you’re not putting yourself out of pocket.

Thursday, January 4, 2018

How Does Indexation Impact Tax Charged on Gains from Debt Mutual Funds?

debt mutual fund
When you invest, you aim to maximize your returns. However, inflation eats into your actual returns. Additionally, when you exit your investments, you need to pay capital gains tax. Fortunately, the government offers a solution for this, which is known as the indexation benefit.

The basic reasoning for indexation benefit is to ensure you pay tax only on your returns after being adjusted for inflation. This allows you to pay 20% capital gains tax after taking advantage of indexation benefit.

Indexation plays a pivotal role in taxation when it comes to debt mutual fund investments. You may wonder what indexation is. In simple terms, it considers the rate of inflation when you calculate your returns on investments. Indexation results in a significant impact on your actual returns earned when you exit your investments in debt funds. Through indexation, your investment price is adjusted for inflation for the purpose of determining your tax liability when you exit. Indexation offers you several benefits because of the inflation adjustment.

Benefit of indexation

The indexed cost of your investment in debt mutual funds is based on the ratio of the inflation index at the time when you exit your investment. Therefore, a higher value means a reduction in your tax liability. During the long-term, the rising inflation adds up to the purchase cost of your debt funds. On a cumulative basis, it may result in the reduction of your taxable returns when you redeem your investment.

In case of smaller returns over a longer period, your entire returns on investments may be eaten up due to rising inflation. It is likely that in such a situation, you may not have to pay any taxes. It is beneficial because if most of your returns are erased due to inflation, paying taxes is not logical. Furthermore, the returns are only notional and not real due to the rising inflation.

Working of indexation

Indexation takes into account the date on which you invested your funds and the rate of inflation since then. When you apply the indexation benefit, your purchase cost increases. As a result, your profits at the time of exit reduce thereby reducing your tax liability.

Indexation and debt funds

Mutual fund investments are liable either to short-term or long-term capital gains tax. When you opt for tax-saving investments, long-term is defined as at least three years. Therefore, when you stay invested for at least three years, you will be liable to pay long-term capital gains tax. The current applicable rate is 20% post-indexation benefit.

For applicability of indexation, the formula is:

Original investment cost X Cost of Inflation Index (CII) at the time of exit/CII at the time of purchase

Let us understand this further with an example.

Assume that you invested INR 20,000 in tax-saving investments in May 2010. Further, assume that you redeemed your investment in June 2013 to earn INR 40,000. Therefore, your long-term capital gains before indexation are INR 20,000. However, your entire returns are not liable to tax because you remained invested for a period exceeding three years. You are allowed to avail of the indexation benefit, which reduces your long-term capital gains tax.

The indexed returns will be (20000*220)/167, which is equal to INR 26347 (CII was 167 in 2010-11and 220 in 2013-14).

Therefore, your taxable profits = 40000 – 26347 = INR 13653, which is a reduction of INR 6347 (20000 – 13653).

Until recently, the indexation base year was 1981, which is now modified to 2001. Therefore, if you invested before April 1, 1981, your profits may be calculated based on 1981 fair value. However, all investments after April 1 2017 will use 2001 as the base year to calculate the fair value.

In addition to earning profits, investments aim to determine how to save tax. One way is to use the indexation benefits on your long-term investments. You may also choose to pay taxes without taking the indexation benefit at a pre-specified tax rate.

You may choose from several mutual fund schemes. However, you may not have the experience or expertise to compare different schemes. In such a situation, you may consider using the ARQ investment engine, the core feature of Angel Wealth’s mobile application.

One major differentiation of ARQ from other available options is that all the recommendations originate through machines without any human bias or intervention. Based on your personal requirements and risk appetite, ARQ offers investment options that only deliver better returns but also help you know how to save tax.

Download the Angel Wealth app today and enjoy smart and quick investment tips.

Wednesday, January 3, 2018

Stop Being A Financial Burden For Your Family

money burden
As New Year’s resolutions still go, you may want to add a financial health point to your wishes for self-improvement this year. For a lot of people, the beginning of the year is the time to express their dreams and aspirations, from becoming a millionaire to travelling around the world. In reality, resolutions are extremely similar to a toddler’s Santa’s list. They are often full of impossible, unnecessary and self-focused items. Instead, it’s still time to make a difference this year with a selfless aspiration: Not being a financial burden for anybody. Don’t let your family pay for your mistakes anymore.

Payday shark loans that hurt the guarantor

It’s not uncommon at the beginning of the year to struggle to make ends meet, especially as a result of the traditional Christmas debt. You might need a short-term solution to manage the bills this month. Nevertheless, you need to stay avoid from payday loans, even though they may seem accessible and quick. Most payday loans require a guarantor who will have to make repayments if you can’t. With high-interest rates (over 1000%) and lack of security, these shark loans can tear a family apart and put your guarantor in troubles.

How much are you really worth?

While most people tend to believe that their worth in unquantifiable, financial institutions disagree. Your worth is estimated at the end of your life and will be measured in terms of funeral costs, capital assets and remaining debts. In other words, if you don’t want to leave your loved ones exposed to a financial nightmare, you need to take early dispositions, such as researching funerals on a budget and sorting out your debts. Don’t be that person who bankrupts the family with their lack of financial planning.

Ill-advised investment? Don’t take that chance

Did you know that most wealthy families lose their fortune within three generations? One of the main reasons for this misfortune – pun intended – is the pursuit of bad investment decisions. However, you need to be prepared to lose a lot of money if you don’t understand the financial subtleties of the market. In other words, if you don’t understand the business or the market, you shouldn’t invest. But even if you do, you need to stick to amounts that you can lose comfortably instead of betting your entire household income on the success of an unknown startup.

Sharing is not caring

If you’re prone to financial uncertainty, it’s important not to share the risk with your spouse. Joint bank accounts are the most common way to drag your partner into your debts. A poor rate score or the accumulation of unpaid creditors can impact on your spouse’s financial health. If you still need a joint account, you can choose to create an additional and isolated account in which you can both pay money for the weekly or monthly use. This will ensure that you keep daily financial activities separated and don’t put your partner at risk. Show you care and don’t take them down with you!

In the end, becoming debt-free is naturally an objective. But it’s essential that you remember that there is no need to let your financial hiccups affect your family.

Tuesday, January 2, 2018

Do You Know What To Do After You’ve Been In An Accident?

The shock

Whether you’re injured or not, the event of a car crash can leave us feeling shocked for long periods of time, and it can be hard for us to figure out what happened. In times like these, it can be hard to make the right decisions when it comes to trying to resolve the situation. You might be left feeling angry about it, or maybe devastated; it usually depends on the severity of the crash. Road accidents are generally pretty dangerous and are known to be lethal, and if caused by poor driving or illegal practices behind the wheel, then trying to make sure justice is brought is the right thing to do. If there’s no evidence of these crimes, then you may find it hard to bring up your claim, because it can be hard to hold prejudice against someone who meant no ill will towards you.

Your plans

In some cases, this is the point where you would try to build up a compelling case to represent your claims; it can be easy if you have some form of proof. Some drivers keep cameras on their dashboards, or maybe motorcycle helmets. If the property isn’t damaged too much, this alone might be enough evidence for the offender to be judged as guilty. Proof like this might even be enough to avoid the court case altogether, meaning you can come to a much simpler solution. It all depends on how far you want to take the case, and how much you feel you’re entitled to.

If you don’t think you’re qualified or able to make up this case, then it’s best that you invest in having a professional represent you instead. There are services out there for all kinds of drivers, for example, see the motorcycle accident attorney. If your memory of the crash isn’t so clear, it’s best to have someone who can arrange investigations to find the truth, at which point you can decide if you want to take the case any further; or if you're going to drop it. Either way, investing in this option can save you a lot of money if you’re not too sure. Yes, you’ll have to pay for the attorney services, but if you’re in the position of blame, you may cost yourself a lot more.

Not only do these professionals have more experience when dealing with these cases, but they can also make the whole process a lot less time to consume; while also a lot more convenient. You might find that there are extra options available if you didn’t want to go to court, which can save you time and money. In some cases, the attorneys won’t charge unless the case is won; meaning you’re not going to be losing too much if the case doesn’t end in your favor.

Some people can come out of road accidents with serious injuries, which can potentially ruin their entire lives. At this point, receiving the compensation is an essential factor of recovery. If you break any limbs, then the chances are you’re going to be out of work for a while; while also coping with the anxiety you’ll have from being at the wheel. You’ll need the money to help get you by on a day to day basis.