Congratulations on escaping the cubicle and entering the world of freelance work. You now get to make all your own work decisions and create the working life for yourself that you have always dreamed of. Although there are huge benefits to the freelance life, working as a freelancer is easier said than done. To succeed, you need to hit the ground running from day one. Here are three things in particular that you need to do on your first day in the freelance world.
27 May 2015
Submitting your tax reports is very important for every employee and business owner. Stringent tax laws require that this be done in a timely manner every year lest fines and probable prosecution are initiated by the taxing authorities. Come tax season, many business owners opt to have tax accountants handle their books for them. Read on to see why: Preparing taxes is not easy When it comes to preparing tax reports, many business owners rack their heads and wonder where to start from.
31 March 2015
Choosing the right business structure is vital in ensuring that the profits are maximized and liabilities minimized. There are varied setups but the common basic forms for start-ups are sole trading, partnerships and incorporated companies. As your business grows, you can change the business structure to match with the size and nature of the enterprise. You should ensure that your growth plan takes into account the most ideal setup at each level.
31 March 2015
Although there has been considerable advancement in equal pay for women in Australia, there is unfortunately still a wide gap in superannuation outcomes between genders. If you are starting to make serious plans for your financial future, this guide will help you discover more about superannuation from the women's perspective and look at some ways you can boost your savings. Understanding Why Women are Left Behind Presently, women in Australia are retiring with approximately half the amount of superannuation as men and significantly short of a comfortable retirement fund.
31 March 2015
If you're a business owner, or you are about to open your own business, you will need a professional to put all your books in order. This is the province of a chartered accountant, who is practiced in tax preparation, but is also qualified to provide you with other services that can benefit your business. Tax Services -- Under the general service of 'taxes,' a chartered accountant can help prepare your taxes, and ensure that you have maximized all your deductions.
26 March 2015
Very often people forego the use of a professional financial planner simply because they think they don't have enough money for anyone to manage, or they fail to realize the benefits of such a professional. A person may be offered a certain retirement package through their employer and contribute to that, and then assume that this is all they need to do to plan their finances. This type of thinking is very shortsighted and can actually cost you money in the long run.
19 March 2015
Taxation is a very sensitive issue. The most genuine of mistakes when filing tax returns can have serious legal and financial implications. This is because such genuine mistakes are often misinterpreted as an attempt to avoid taxes. It for this reason that a large number of business owners choose to hire the services of a professional tax accountant. The article below discusses a few tips on how you can go about hiring the right tax accountant for your business' finances.
17 March 2015