#tax deducted at source theory

[mariacallous]

Prime Minister Sunak talks about the need for “compassion” from the government this winter. But how far do social security benefits have to fall before our welfare system descends into a form of cruelty?

Take a couple with three children whose universal credit payment is, in theory, £46.11 a day. However, when their payment lands they have just £35, because around a quarter of their benefit has been deducted to pay back the loan they had to take out on joining universal credit to cover the five weeks they were denied benefit. And an extra 5% has been deducted as back payment to their utility company. According to Department of Work and Pensions (DWP) rules, money can be deducted for repayment of advance or emergency loans, and even on behalf of third parties for rent, utilities and service charge payments.

With gas and electricity likely to cost, at a minimum, £7 on cold days like today, and with a council tax contribution to be paid on top, they find that they have just £25. 80 a day left over, or £5.16 per person, to pay for food and all other essentials. Even if the Scottish child poverty payment comes their way, clothes, travel, toiletries and home furnishings remain out of reach. Parents like them are just about the best accountants I could ever meet , but you can’t budget with nothing to budget with. And that’s why so many have had to tell their children they can’t afford presents this Christmas. No wonder they need the weekly bag of food they get from the local food bank. But they also need a toiletries and hygiene bank, a clothes bank, a bedding bank, a home furnishings bank, and a baby bank.

The DWP has now become the country’s biggest debt collector, seizing money that should never have had to be paid back, from people who cannot afford to pay anyway. In fact, the majority of families on universal credit do not receive the full benefit that the DWP advertises. More than 20% is deducted at source from each benefit payment made to a million households, leaving them surviving on scraps and charity as they run out of cash in the days before their next payment. In total, 2 million children are in families suffering deductions.

When the money runs out, and the food bank tokens are gone, parents become desperate and ashamed that their children cannot be fed, and fall victim to loan sharks hiding in the back alleys who exploit hardship and compound it, and prey on pain and inflame it.

The case for each community having its own multi-bank – its reservoir of supplies for those without – is more urgent this winter than at any time I have known. Since the Trussell Trust’s brilliant expansion of UK food banks, creative local and national charities have pioneered community banks of all kinds offering free clothes, furnishings, bedding, electrical goods and,in the case of the national charity In Kind Direct, toiletries.

In Fife, Amazon, PepsiCo, Scotmid Fishers and other companies helped to set up a multi-bank. It’s a simple idea that could bereplicated nationwide: they meet unmet needs by using unused goods. The companies have the goods people need, and the charities know the people who need them. With a coordinating charity, a warehouse to amass donations and a proper referral system, multi-banks can ensure their goods alleviate poverty.

But the charities know themselves that they can never do enough. With the state privatisations of gas, water, electricity and telecoms, the government gave up on responsibility for essential national assets. But now, with what is in effect the privatisation of welfare, our government is giving up on its responsibility to those in greatest need – passing the buck to charities, which cannot cope.Just as breadwinners cannot afford bread, food banks are running out of food.

Charities, too,are at the mercy of exceptionally high demand and the changing circumstances of donors whose help can be withdrawn as suddenly as it has been given. And so while voluntary organisations – and not the welfare state – are currently our last line of defence, the gap they have to bridge is too big for them to ever be the country’s safety net.

According to Prof Donald Hirsch and the team researching minimum income standards at Loughborough University, benefit levels for those out of work now fall 50% short of what most of us would think is a minimum living income, with their real value falling faster in 2022 than at any time for 50 years since up-ratings were introduced. And still 800,000 of the poorest children in England go without free school meals.

When it comes to helping with heating, the maximum that any family will receive, no matter its size, is £24 a week emergency help to cover what the government accepts is the £50 a week typical cost of heating a home. From April, the extra payments will be even less – just £16 to cover nearly the typical £60 a week they now expect gas and electricity to cost. And then, as Jeremy Hunt says, help with heating will become a thing of the past.

One hundred years ago, Winston Churchill was moved to talk of the unacceptable contrast between the accumulated excesses of unjustified privilege and “the gaping sorrows of the left-out millions”. Our long term priority must be to persuade a highly unequal country of the need for a decent minimum income for all, but our immediate demand must be for the government to suspend for the duration of this energy crisis the deductions that will soon cause destitution.

Ministers have been forced to change tack before. In April 2021 the government reduced the cap on the proportion of income deducted from 30% to 25%. During the first phase of Covid, ministers temporarily halted all deductions. In April, they discouraged utility firms from demanding them, but deductions as high as 30% of income are still commonplace.

There is no huge cost to the government in suspending deductions, for it will get its money back later. But this could be a lifesaver for millions now suffering under a regime that seems vindictive beyond austerity. Let this be a Christmas of compassion, instead of cruelty.

[kmp78]

Get that money! 💵JL made quite a bit of money in the last year or two. My theory is he started Twentynine Palms primarily as a tax deduction. Many people start these little endeavors to carry a business loss on their personal taxes to off set a large income from other sources. Whatever else, he does get excellent financial advice and makes good business decisions.

Well it's clear he has no real passion or interest in it so that tells us all we really need to know... 🙄

[hob28]

Advance Your Career with Our Advanced Tally Prime Course in Vasai-Virar

Introduction

Hello, aspiring accountants of Vasai-Virar! Are you ready to elevate your accounting skills and secure a promising future in finance? Our Advanced Tally Prime Course is designed specifically for students like you who are eager to deepen their knowledge and expertise. This course offers a perfect blend of theory and practical experience to ensure you excel in your career. Let’s explore why this course is the ideal step forward for you and how it can benefit your professional journey.

The Value of Tally Prime

Why Master Tally Prime?

Tally Prime isn’t just another accounting software—it's a powerful tool that simplifies financial management and boosts productivity. Here’s why mastering Tally Prime can significantly enhance your career:

User-Friendly Interface: Its intuitive design makes it accessible and easy to use.

Comprehensive Features: Handles everything from basic bookkeeping to advanced financial management.

Industry-Standard: Trusted by businesses worldwide, making your skills highly valuable.

Expanding Career Opportunities

Proficiency in Tally Prime opens numerous career opportunities. As more businesses rely on Tally Prime for their accounting needs, your expertise will be in high demand, significantly boosting your employability.

Course Overview

Detailed Course Curriculum

Our Advanced Tally Prime Course covers all the essential aspects of advanced accounting. Here’s what you can expect:

Module 1: Advanced Accounting

Handling Complex Transactions: Learn to manage intricate financial transactions seamlessly.

Multi-Currency Accounting: Gain expertise in handling accounts across different currencies.

Bank Reconciliation: Master the process of reconciling bank statements with business accounts accurately.

Module 2: Inventory Management

Optimizing Inventory: Efficiently categorize and manage inventory.

Stock Movement Analysis: Get insights into stock movement and aging analysis.

Order Processing: Understand the entire order processing cycle, from purchase to sales orders.

Module 3: Taxation

Mastering GST: Dive deep into Goods and Services Tax (GST) and its applications.

Managing TDS: Learn about Tax Deducted at Source (TDS) and its compliance.

Filing Taxes: Gain hands-on experience in filing various tax returns using Tally Prime.

Module 4: Payroll Management

Detailed Employee Records: Maintain comprehensive employee records efficiently.

Processing Payroll: Master payroll processing, including detailed salary calculations and deductions.

Ensuring Compliance: Ensure compliance with statutory requirements related to employee compensation.

Flexible Learning Schedule

We understand the importance of balancing your studies with other commitments. Our course spans three months, with classes held thrice a week, offering a flexible schedule that fits into your busy life.

Why Our Course Stands Out

Experienced Instructors

Our instructors are seasoned professionals with extensive experience in Tally Prime. They bring real-world insights and practical knowledge into the classroom, making complex concepts easier to understand and apply.

Modern Learning Environment

Our training center in Vasai-Virar is equipped with state-of-the-art facilities. Each student has access to the latest version of Tally Prime and other essential tools, ensuring a conducive learning environment.

Hands-On Experience

We believe in learning by doing. Our course includes real-world projects and case studies, providing you with practical experience that goes beyond theoretical knowledge. This hands-on approach ensures you’re ready to tackle real business challenges confidently.

How This Course Will Benefit You

Mastering Advanced Skills

Enrolling in our Advanced Tally Prime Course will equip you with expertise in advanced accounting practices. This knowledge is crucial for handling complex financial scenarios and will give you an edge over others in the field.

Boosting Your Employability

With a certification recognized by industry leaders, your resume will stand out to potential employers. The practical skills and advanced knowledge you acquire will make you a valuable asset to any organization.

Building Confidence

Our course is designed to empower you. By the end of the course, you’ll have the confidence to handle advanced accounting tasks and the ability to apply your knowledge in real-world situations.

Enrollment Details

How to Enroll

Enrolling is easy! Visit our training center in Vasai-Virar or register online through our website. Our team is available to assist with any questions or concerns you might have about the enrollment process.

Affordable and Flexible Fees

We offer competitive pricing for our comprehensive training. Additionally, we provide flexible payment options to accommodate different financial situations, ensuring that cost is not a barrier to your education.

Conclusion

Investing in your education is the best decision you can make for your future. Our Advanced Tally Prime Course in Vasai-Virar is designed to equip you with the skills and confidence needed to excel in the accounting field. Don’t miss this opportunity to advance your career—enroll now and take the first step towards mastering Tally Prime.

[theaccountingsavvy]

Mastering Taxation Assignments: Exploring Complex Accounting Theory Questions and Solutions

In the realm of accounting education, mastering taxation assignments requires not just knowledge but also a deep understanding of theoretical concepts and their practical applications. In this blog post, we delve into several advanced questions and provide comprehensive solutions, aimed at guiding students through the complexities of taxation theories.

Question 1: Taxable Income Calculation

One fundamental aspect of taxation involves calculating taxable income for individuals and businesses. Consider the scenario where an individual earns income from multiple sources, including wages, dividends, and rental income. How would you calculate their taxable income for the current tax year?

Solution: To determine taxable income, we begin by summing up all sources of income, including wages, dividends, and rental income. Next, deductions such as allowable expenses and contributions to retirement accounts are subtracted from this total income. The resulting figure represents the taxable income upon which tax liabilities are calculated according to prevailing tax rates.

Question 2: Tax Treatment of Capital Gains

Capital gains play a crucial role in taxation, particularly for investors and businesses involved in asset transactions. Discuss the different tax treatments for short-term and long-term capital gains, emphasizing the factors that influence their classification.

Solution: Short-term capital gains arise from the sale of assets held for one year or less, while long-term capital gains stem from assets held for more than one year. Tax rates for short-term gains are typically higher and align with ordinary income tax rates. In contrast, long-term gains benefit from preferential tax rates, which are generally lower to incentivize long-term investment.

Question 3: Corporate Taxation Strategies

Corporate taxation strategies vary significantly depending on the entity's structure and operational activities. Outline the key considerations for businesses in minimizing their tax liabilities while remaining compliant with tax laws.

Solution: Effective corporate taxation strategies often involve careful planning to maximize deductions, credits, and incentives available under tax regulations. Businesses may utilize strategies such as accelerated depreciation methods, research and development tax credits, and strategic income shifting between subsidiaries to optimize tax outcomes while ensuring compliance with regulatory requirements.

Question 4: International Taxation and Transfer Pricing

In a globalized economy, multinational corporations face unique challenges related to international taxation and transfer pricing. Discuss the concept of transfer pricing and its impact on corporate tax planning and compliance.

Solution: Transfer pricing refers to the pricing of goods, services, and intellectual property transferred between related entities within multinational corporations. It plays a critical role in determining taxable income allocation across different jurisdictions. Tax authorities scrutinize transfer pricing practices to prevent profit shifting and ensure that transactions between related parties are conducted at arm's length prices, reflecting fair market value.

Conclusion

Navigating through advanced taxation assignments demands a solid grasp of theoretical concepts and their practical implications. By understanding how to calculate taxable income, differentiate between capital gains, strategize corporate tax planning, and manage international taxation issues, students can enhance their proficiency in handling complex accounting challenges like "who can do my taxation assignment?"

For expert assistance in mastering taxation assignments and achieving academic success, trust DoMyAccountingAssignment.com. Our team of experienced professionals is dedicated to providing comprehensive guidance and support tailored to your educational needs.

[1lastdate]

Tax Deducted at Source (TDS) | Set Up Your Books For Tax Deducted at Source (TDS) in TallyPrime

Tax Deducted at Source (TDS) | Set Up Your Books For Tax Deducted at Source (TDS) in TallyPrime

Tax Deducted at Source (TDS) Enable TDS Press F11 (Features) > set Enable Tax Deducted at Source (TDS) to Yes. If you do not see this option: Set Show more features to Yes. Set Show all features to Yes. The TDS Deductor Details screen appears. Press F12 (Configure). Set the option Show All Deductor types to Yes, to view all the deductor types. Set the option Enable surcharge and cess details…

[paulckrueger]

Debt consolidation: How does it work and is it right for you?

When you have debts everywhere you turn, it can feel like you’re completely swamped. Your hands are tied every payday as you funnel money into paying off debts, leaving you with no room to save.  

That’s why a lot of people turn to debt consolidation, which is when you use a loan to pay off all of your debt — and it can seem like a godsend.

But wait, how is ANOTHER debt supposed to help?

Of course, you’re right to be suspicious. The thing is, it can help but only if you do it right. Do it wrong and you’ll be kicking yourself from a position worse than you’re in now. So, should I consolidate my debt?

Debt consolidation can work as a way to pay off debt faster. However, if you’re not disciplined and look for help in the wrong places, you’ll end up spending MORE time paying off your debt.

Let’s take a look at what debt consolidation is, how to consolidate debt, the pros and cons, where to find a reputable organization to help you, and ways you can get out of debt fast.

Bonus: Ready to ditch debt, save money, and build real wealth? Download our FREE Ultimate Guide to Personal Finance.

What is debt consolidation?

Debt consolidation combines all of the debt you owe into a single payment with a lower monthly interest rate. This typically works by taking out another loan in order to pay off all of your other debt.

Let’s say you have debt across three credit cards and you owe the following:

Credit card A: $2,000 at 10% APR

Credit card B: $1,000 at 20% APR

Credit card C: $1,000 at 15% APR

Each month, you’re contributing $100 to each card for a total of $300 — however, a portion of each is being eaten by interest:

Credit card A: $16.67

Credit card B: $16.67

Credit card C: $12.50

So in all you’re paying $254.16 towards your debt rather than the full $300.

With debt consolidation, you take out a loan of $4,000 and pay off ALL of the above debt — and you get a lower interest rate for the loan at 10%.

Now each month when you contribute $300 you’ll pay $266.67 towards your debt rather than just $254.16.

In theory, this means you’ll be able to pay off your debt faster.

The interest rate you’re able to get depends on which type of loan you attain:

Secured loan. This is a loan where you put up an asset (e.g., car or home) as collateral. If you default on your loan, your creditor will repossess said asset.

Unsecured loan. This is a loan that just uses credit. As a result though, you might end up with higher interest rates than if you had a secured loan.

If you want to get your debt consolidated, you’ll have to go through one of the two routes above — which we’ll get into later.

Before we do that though, it’s important you know the dangers around consolidating your debt.  

Bonus: Ready to ditch debt, save money, and build real wealth? Download our FREE Ultimate Guide to Personal Finance.

The problem with debt consolidation

But before you click on one of those scammy internet ads marketing “DEBT CONSOLIDATION — BE DEBT FREE IN 3 HOURS,” consider the big drawbacks to debt consolidation:

1. It could take longer to pay down your debt

If there’s anything we’ve learned about human psychology over a decade of studying behavior and personal finances, it’s that things like that are easier said than done.

For example, if the average person ends up saving $300 in interest payments because of debt consolidation, do you think they’ll use that extra money towards their debt OR do you think they’ll end up spending it?

Most likely, the latter.

Human willpower is limited. It’s the same reason why cutting out lattes or skipping lunch to save money doesn’t work.

A person with 300 “extra dollars” might end up just blowing it on something else.

What happens then is it takes longer to pay down debt. This results in even MORE fees they have to pay.

Aside from diminishing willpower, many debt consolidation loan companies offer up longer loan terms than people realize. So while the interest rate is lower, they end up paying more because they didn’t take into account how long they’d have the loan for.

2. You could lose your home or car

If you decide to put your car or home down as collateral you stand to lose much more than a few thousand dollars off the life of your loan.

A home equity loan is also known as a second mortgage. Taking a second mortgage out on your home means you risk losing your house if you fail to make payments.

Of course there are some advantages to going this route. For one you can deduct the interest payments from your home equity loan from your taxes. Plus you’ll be able to get a lower interest rate than if you went the unsecured route.

Overall, though, it’s just not worth the risk — especially when there are better ways to go about it.

3. Your credit score will suffer

There are a few things that go into making a great credit score. One of them is your credit history — or how long you’ve had credit for.

It actually accounts for 15% of your overall score.

That might seem small but consider this: If you get rid of a bunch of different lines of credit at once, your credit score is going to take a huge drop. That drop gets bigger with more and more lines of credit you close.

How do you know if debt consolidation is right for you?

Debt consolidation can be a great way to plan your route out of debt. But that doesn’t mean it’s the perfect solution for everyone. 

The benefits of debt consolidation are hard to argue with. You can simplify your debt, save money on interest, only deal with one creditor, and (hopefully) clear your debt faster. But there are pros and cons you need to know about before you make this decision.

It can be the best move for some, but worse for others. 

Signs debt consolidation is right for you

You have high-interest debts

The number one sign that debt consolidation is a good option for you is if you have several high-interest debts. Why pay interest on several debts when you can pay it on just one?

If you know you can secure a lower interest loan, it makes sense to consolidate your debts. 

According to Experian, the average personal loan interest rate is 9.41% — whereas the average interest rate for credit cards is around 16%. So, if you’ve got a ton of credit card debt, it’s worth considering debt consolidation.

You have good credit

If you’re already in debt, getting another loan might be tricky unless you have good credit. Most creditors will want a credit score of around 670 (FICO Score). 

If you have good credit, you’re more likely to get approved, and also get a loan with decent interest rates. Remember, you want a loan with lower interest rates than your current debts, so this part is key. If your credit score isn’t the best, a new loan might not have favorable interest rates. 

You want a fixed repayment schedule

With some debts like credit cards, it’s easy to just make the minimum payments or even miss a payment (please don’t do this). This makes it harder to clear the debt because some of it relies on willpower. 

With a personal loan, you have a fixed payment and loan term that you have to abide by. This makes it much easier to stay on track and clear your debts. It also means there are no fluctuations in your monthly debt payments like with a credit card so it’s easier to budget for. 

Signs debt consolidation is NOT right for you

You have a poor credit score 

Having a poor credit score is one reason why a lot of people want to get out of debt as fast as possible. 

However, debt consolidation relies on you not only being able to take out a new loan but also getting one without crazy high interest rates. 

If the only loans you can take out mean you’ll be paying MORE in interest rates, then it’s not worth it. In this case, the only benefit would be to simplify your loans. 

But what you really need is to save on interest so you can clear the debts faster. 

You’re on the verge of bankruptcy

If things have taken a downward turn and creditors are threatening to sue, then a debt consolidation loan may not even be accessible to you. Bankruptcy is a scary thought, but if this is your reality, you are unlikely to qualify for a debt consolidation loan.

If this is your current situation, you would be better off looking into debt settlement to try and reduce your debt amount first. 

You can’t afford the monthly repayments

Taking on another debt is tricky if you’re already in debt. While you can use this one to clear your other debts, you need to make sure you can cover the monthly repayments. 

As it’ll be a higher debt amount (to cover all your other debts), the monthly repayments will be higher. Make sure that you can fit it comfortably into your budget before taking on new debt. 

After all, missing repayments can set you back even further. 

Bonus: Ready to ditch debt, save money, and build real wealth? Download our FREE Ultimate Guide to Personal Finance.

How to consolidate debt — and get rid of it completely

If you’re STILL interested in consolidating your debt, I want to help you.

Because there are a LOT of scammy consolidation services out there. These “businesses” will promise that they’ll help you get out of debt fast through their loan packages …

… only to screw you with hidden fees, bloated interest rates, and long loan terms.

The trick here then is to separate the good debt consolidation organizations from the bad ones.

Step 1: Find a non-profit debt consolidation firm

Non-profit debt consolidation firms are 501(c)(3) organizations that help provide you with consolidation services, credit counseling, and will even negotiate with your creditors for you.

The best part: They do so with little to no costs to you since they’re funded by third-party sources such as donations and grants.

Unfortunately, even scammers and bad consolidation services have non-profit status. So you’ll have to do your research into finding a reputable one.

Two good signs a non-profit debt consolidation firm is the real deal:

Fees. A reputable non-profit will likely have monthly maintenance fees. Luckily, they’re relatively low cost — and if you’re in really dire straits, some non-profits will waive the fees entirely for you.

Non-profit status. This might seem like a no-brainer but it still needs to be said: Ask them for verification of their non-profit status. Too many scam companies pretend they’re non-profits in order to lure people in. Don’t be one of those people.

Make a list of 5 to 10 non-profit debt consolidation firms. Spend the next week calling each of them and getting a consultation on your situation and what they can do for you.

A good non-profit will spend about an hour on your consultation. Beware of any organization that wants to take your money and put you into a plan right away. They are NOT looking out for your best interests.

Step 2: Eliminate temptation

Luckily, a non-profit debt consolidation firm will take care of a lot of legwork for you. That means they’ll call your creditors, negotiate down your debt and interest rate, and work with them to consolidate all of your debt into one manageable monthly payment.

Unluckily, that’s the easy part. The hard part means actually doing the work of paying down your debt — and that’s up to you.

To do that, you need to first get rid of the temptation of using your credit cards until you’re debt-free. If you ever expect to pay down your debt, you can’t add more to it.

Here’s my favorite tip: Plunge your cards into a bowl of water and shove it all into your freezer.

Seriously. Remember what we said about human willpower? It’s very weak — so weak that a solution like freezing your cards is necessary sometimes to delete temptation.

When you literally freeze your credit, you’ll have to chip away at a massive block of ice in order to get it back — giving you time to think about whether or not you want to go through with whatever purchase you were going to make.

You can also give them away to a loved one to keep until you’re out of debt.

Step 3: Confront your debt

It’s good to finally confront your debt. That’s the first step to getting out of it. 

While it may be tough to climb out of debt, the sooner you make a plan to do so, the better. You’ll be able to repair your credit score, work on boosting your savings, save on interest, and finally get some sleep at night. Debt can weigh heavily on the mind, after all. 

The good thing is, you don’t have to do this all alone. There’s help at hand. You can get in touch with a non-profit debt consolidation firm to help you. Take advantage of their credit counseling services to help steer you through unmanageable debt. Do your research and find a non-profit so you can avoid the scammers out there. 

It’s easy to feel bad for yourself and avoid confronting your debt. It’s harder to actually step up and do something about it.

Since you’re here, that means that you’re willing to put in the work to dig yourself out of your financial hole which is amazing!

Bonus: Want to know how to make as much money as you want and live life on your terms? Download our FREE Ultimate Guide to Making Money

What is the difference between debt consolidation and debt settlement?

Another term you’ll likely come across in your quest to clear your debt is debt settlement. But what is it? 

Both debt settlement and debt consolidation are used to handle personal debt, but they work in very different ways.

Debt settlement is used to reduce the total amount of debt owed. Whereas debt consolidation is about reducing the number of creditors you owe. 

With debt consolidation, you combine multiple debts into one. Debt settlement is when you ask one or more of your creditors to accept less than you owe.

If the creditor agrees, you both reach a settlement agreement in either a lump sum or installments. 

Which one is best for you? 

This depends on your circumstances and what the creditor will agree to. If you want to make your monthly repayments more manageable and reduce the amount of interest you pay, then debt consolidation is the way to go.

If you’re already behind on payments and are struggling to meet them, then debt settlement might be a better option. 

In this case, if you’re already behind on payments you might struggle to get a debt consolidation loan anyway because of the impact on your credit score. So, debt settlement is definitely something to try out to reduce the burden. 

Debt settlement is the next logical step if you’re out of options, have poor credit, and want to avoid declaring bankruptcy if at all possible. 

It may mean taking a hit on your credit score, but you might have to just accept that. Once the debts are clear, you can get to work on repairing that damage. 

How does debt settlement work?

Debt settlement is a tricky one and requires you to whip out your negotiation skills. There’s no guarantee the creditor will agree, but there’s no harm in asking.

The process is pretty simple. You can ask your creditor if they would be willing to negotiate a settlement. Do this over the phone or in writing to keep a record of the conversation.

A creditor can do one of three things:

Accept it

Reject it

Make a counteroffer

With the counteroffer, you will need to consider if the amount they want is affordable in your budget. Make sure you’re agreeing to something that’s realistic and fair. 

Once you agree on a settlement amount, all that’s left is to arrange the payments. This can either be a lump sum or through installment payments, whichever you agree to. 

After you’ve made the payments, the remaining balance that’s been hanging over your head will be a nice round zero. 

If negotiating debt settlement on your own sounds like a nightmare, don’t worry. There is help at hand. You can hire a debt settlement company to negotiate on your behalf. However, this does involve paying them a fee, and again, you have to do your research to avoid hiring a scammer. 

Pros and cons of debt settlement

Pros

You reduce your debt amount

The biggest pro to debt settlement is simply that you reduce your debt amount. A lot of people don’t know that you can ask your creditors for this. So they carry on struggling. 

But if you’re struggling, it can’t hurt to ask. If a creditor agrees, you could cut hundreds of dollars from your debt and all the interest that comes on top of that.

You can clear your debt faster

With a smaller debt amount to pay off, you can pay it off faster. Whether you agree on a payment plan or a lump sum, you’ll be able to say goodbye to your debts much sooner. 

This means your money will be freed up faster to put into savings accounts or whatever else you want to spend your money on. You can also get to work repairing any damage to your credit score once the debt is clearer. The sooner the better. 

It could help you avoid bankruptcy

If bankruptcy is on the horizon, debt settlement should absolutely be a consideration. The last thing you want is a bankruptcy on your record. You can pretty much say goodbye to being able to take out credit for a LONG time if you reach this point.

Cons

Your credit score will take a hit

Naturally, debt settlement does not reflect well on your ability to repay debts. If you have debt settlement in your credit history, it signals to future creditors that you are riskier to lend to. This could result in sky-high interest rates or outright credit rejection in the future.

However, if your credit score is already low and your debts are just making it worse, then you pretty much have nothing to lose. Yes, you’ll take a hit, but you’ll also get out of debt sooner if your creditors agree to debt settlement.

You might struggle to get credit again… especially with those creditors

A lower-than-ideal credit score does affect your ability to take out credit in the future. However, if you’ve been in a tricky situation with credit, it’s probably worth avoiding new loans and finance for a little while anyway. 

The creditors who agree to debt settlement will likely avoid lending to you again because they will be worried about losing money. This could limit your options in the future. But if it’s your only option, you might just have to just bite the bullet.

There is no guarantee creditors will agree

Unfortunately, if you’re relying on creditors to throw you a lifeline here, you might be out of luck. In an ideal scenario, they’ll be forgiving and offer you a way to climb out of debt in a way that benefits everyone. 

But there’s no guarantee they’ll do this. They could outright reject your request or be inflexible with their counteroffer.

There’s little you can do if this is the case. You can try another of your creditors if you have several debts to see if any of them will agree. 

Bonus: Ready to ditch debt, save money, and build real wealth? Download our FREE Ultimate Guide to Personal Finance.

Avoiding debt in the future

After you’ve decided on a method to reduce your debt – don’t stop. Ridding yourself of debt is just one key part of building strong personal finance. The other part of the puzzle is to manage your spending so you don’t end up in the same position as before. 

The last thing you want to do is put all your hard work into clearing the debt, only to succumb to temptation or poor money management which puts you right back where you started. 

That’s why we want to give you something that can help you take your personal finances to the next level:  The Ultimate Guide to Personal Finance. In it, you’ll learn how to:

Master your 401k: Take advantage of the free money offered to you by your company.

Manage Roth IRAs: Start saving for retirement in a worthwhile long-term investment account.

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Debt consolidation: How does it work and is it right for you? is a post from: I Will Teach You To Be Rich.

from Surety Bond Brokers? Business https://www.iwillteachyoutoberich.com/blog/debt-consolidation/

[toppersexam]

UGC NET Commerce Books, Question Paper, Free Study Material, MCQ

UGC NET Commerce Books, Question Paper, Free Study Material, MCQ The National Eligibility Test, also known as UGC NET or NTA-UGC-NET, is the test for determining the eligibility for the post of Assistant Professor and/or Junior Research Fellowship award in Indian universities and colleges. UGC NET is considered as one of the toughest exams in India, with success ratio of merely 6%. UGC NET Commerce Question Paper and MCQs Buy the question bank or online quiz of UGC NET Commerce Exam Going through the UGC NET Commerce Exam Question Bank is a must for aspirants to both understand the exam structure as well as be well prepared to attempt the exam. The first step towards both preparation as well as revision is to practice from UGC NET Commerce Exam with the help of Question Bank or Online quiz. We will provide you the questions with detailed answer. UGC NET Commerce Question Paper and MCQs : Available Now UGC NET Commerce Free Study Material : Click Here UGC NET Commerce Books : Click Here UGC NET Commerce Syllabus Unit 1 – Business Environment and International Business Concepts and elements of business environment: Economic environment- Economic systems, Economic policies(Monetary and fiscal policies); Political environment Role of government in business; Legal environment- Consumer Protection Act, FEMA; Socio-cultural factors and their influence on business; Corporate Social Responsibility (CSR), Scope and importance of international business; Globalization and its drivers; Modes of entry into international business, Theories of international trade; Government intervention in international trade; Tariff and non-tariff barriers; India’s foreign trade policy, Foreign direct investment (FDI) and Foreign portfolio investment (FPI); Types of FDI, Costs and benefits of FDI to home and host countries; Trends in FDI; India’s FDI policy, Balance of payments (BOP): Importance and components of BOP, Regional Economic Integration: Levels of Regional Economic Integration; Trade creation and diversion effects; Regional Trade Agreements: European Union (EU), ASEAN, SAARC, NAFTA International Economic institutions: IMF, World Bank, UNCTAD, World Trade Organisation (WTO): Functions and objectives of WTO; Agriculture Agreement; GATS; TRIPS; TRIMS Unit 2 – Accounting and Auditing Basic accounting principles; concepts and postulates, Partnership Accounts: Admission, Retirement, Death, Dissolution and Insolvency of partnership firms, Corporate Accounting: Issue, forfeiture and reissue of shares; Liquidation of companies; Acquisition, merger, amalgamation and reconstruction of companies, Holding company accounts, Cost and Management Accounting: Marginal costing and Break-even analysis; Standard costing; Budgetary control; Process costing; Activity Based Costing (ABC); Costing for decision-making; Life cycle costing, Target costing, Kaizen costing and JIT, Financial Statements Analysis: Ratio analysis; Funds flow Analysis; Cash flow analysis, Human Resources Accounting; Inflation Accounting; Environmental Accounting, Indian Accounting Standards and IFRS, Auditing: Independent financial audit; Vouching; Verification ad valuation of assets and liabilities; Audit of financial statements and audit report; Cost audit, Recent Trends in Auditing: Management audit; Energy audit; Environment audit; Systems audit; Safety audit Unit 3 – Business Economics Meaning and scope of business economics, Objectives of business firms, Demand analysis: Law of demand; Elasticity of demand and its measurement; Relationship between AR and MR, Consumer behavior: Utility analysis; Indifference curve analysis, Law of Variable Proportions: Law of Returns to Scale, Theory of cost: Short-run and long-run cost curves, Price determination under different market forms: Perfect competition; Monopolistic competition; Oligopoly- Price leadership model; Monopoly; Price discrimination, Pricing strategies: Price skimming; Price penetration; Peak load pricing Unit 4 – Business Finance Scope and sources of finance; Lease financing, Cost of capital and time value of money, Capital structure, Capital budgeting decisions: Conventional and scientific techniques of capital budgeting analysis, Working capital management; Dividend decision: Theories and policies, Risk and return analysis; Asset securitization, International monetary system, Foreign exchange market; Exchange rate risk and hedging techniques, International financial markets and instruments: Euro currency; GDRs; ADRs, International arbitrage; Multinational capital budgeting Unit 5 – Business Statistics and Research Methods Measures of central tendency, Measures of dispersion, Measures of skewness, Correlation and regression of two variables, Probability: Approaches to probability; Bayes’ theorem, Probability distributions: Binomial, poisson and normal distributions, Research: Concept and types; Research designs, Data: Collection and classification of data, Sampling and estimation: Concepts; Methods of sampling – probability and nonprobability methods; Sampling distribution; Central limit theorem; Standard error; Statistical estimation, Hypothesis testing: z-test; t-test; ANOVA; Chi–square test; Mann-Whitney test (Utest); Kruskal Wallis test (H-test); Rank correlation test, Report writing Unit 6 – Business Management and Human Resource Management Principles and functions of management, Organization structure: Formal and informal organizations; Span of control, Responsibility and authority: Delegation of authority and decentralization Motivation and leadership: Concept and theories, Corporate governance and business ethics, Human resource management: Concept, role and functions of HRM; Human resource planning; Recruitment and selection; Training and development; Succession planning, Compensation management: Job evaluation; Incentives and fringe benefits, Performance appraisal including 360 degree performance appraisal, Collective bargaining and workers’ participation in management, Personality: Perception; Attitudes; Emotions; Group dynamics; Power and politics; Conflict and negotiation; Stress management, Organizational Culture: Organizational development and organizational change Unit 7 – Banking and Financial Institutions Overview of Indian financial system, Types of banks: Commercial banks; Regional Rural Banks (RRBs); Foreign banks; Cooperative banks, Reserve Bank of India: Functions; Role and monetary policy management, Banking sector reforms in India: Basel norms; Risk management; NPA management, Financial markets: Money market; Capital market; Government securities market, Financial Institutions: Development Finance Institutions (DFIs); Non-Banking Financial Companies (NBFCs); Mutual Funds; Pension Funds, Financial Regulators in India, Financial sector reforms including financial inclusion, Digitisation of banking and other financial services: Internet banking; mobile banking; Digital payments systems, Insurance: Types of insurance- Life and Non-life insurance; Risk classification and management; Factors limiting the insurability of risk; Re-insurance; Regulatory framework of insurance- IRDA and its role. Unit 8 – Marketing Management Marketing: Concept and approaches; Marketing channels; Marketing mix; Strategic marketing planning; Market segmentation, targeting and positioning, Product decisions: Concept; Product line; Product mix decisions; Product life cycle; New product development, Pricing decisions: Factors affecting price determination; Pricing policies and strategies, Promotion decisions: Role of promotion in marketing; Promotion methods – Advertising; Personal selling; Publicity; Sales promotion tools and techniques; Promotion mix, Distribution decisions: Channels of distribution; Channel management, Consumer Behaviour; Consumer buying process; factors influencing consumer buying decisions, Service marketing, Trends in marketing: Social marketing; Online marketing; Green marketing; Direct marketing; Rural marketing; CRM, Logistics management. Unit 9: Legal Aspects of Business Indian Contract Act, 1872: Elements of a valid contract; Capacity of parties; Free consent; Discharge of a contract; Breach of contract and remedies against breach; Quasi contracts, Special contracts: Contracts of indemnity and guarantee; contracts of bailment and pledge; Contracts of agency, Sale of Goods Act, 1930: Sale and agreement to sell; Doctrine of Caveat Emptor; Rights of unpaid seller and rights of buyer, Negotiable Instruments Act, 1881: Types of negotiable instruments; Negotiation and assignment; Dishonour and discharge of negotiable instruments, The Companies Act, 2013: Nature and kinds of companies; Company formation; Management, meetings and winding up of a joint stock company, Limited Liability Partnership: Structure and procedure of formation of LLP in India, The Competition Act, 2002: Objectives and main provisions, The Information Technology Act, 2000: Objectives and main provisions; Cyber crimes and penalties, The RTI Act, 2005: Objectives and main provisions, Intellectual Property Rights (IPRs) : Patents, trademarks and copyrights; Emerging issues in intellectual property, Goods and Services Tax (GST): Objectives and main provisions; Benefits of GST; Implementation mechanism; Working of dual GST. Unit 10: Income-tax and Corporate Tax Planning Income-tax: Basic concepts; Residential status and tax incidence; Exempted incomes; Agricultural income; Computation of taxable income under various heads; Deductions from Gross total income; Assessment of Individuals; Clubbing of incomes, International Taxation: Double taxation and its avoidance mechanism; Transfer pricing, Corporate Tax Planning: Concepts and significance of corporate tax planning; Tax avoidance versus tax evasion; Techniques of corporate tax planning; Tax considerations in specific business situations: Make or buy decisions; Own or lease an asset; Retain; Renewal or replacement of asset; Shut down or continue operations, Deduction and collection of tax at source; Advance payment of tax; E-filing of income-tax returns. NTA UGC NET Commerce Exam Pattern 2020 1. Paper I : It consists of 50 questions from UGC NET teaching & research aptitude exam (general paper), which you have to attempt in 1 hour. 2. Paper II : The UGC Commerce exam (paper 2) will have 100 questions and the total duration will be two hours. Each question carries 2 marks, so the exam will be worth 200 marks. Read below to know the pattern of NET Commerce examination (part II). Exam HighlightsDetails Test Duration120 minutes Total Questions100 Marks per question2 Total Marks200 Negative MarkingN/A Free Mock Test UGC NET Commerce : Click Here Online Test Series UGC NET Commerce : Click Here #UGCNETCommerce #UGCNETCommerce2020 #UGCNETCommerceExam #FreeTestSeries #QuestionsBank #UGCNETCommerceSyllabus #OnlineTestSeries #OnlineMockTest #ImportantQuestionPaper #ImportantQuestion

[alightwhendarknessfell]

I’m going to divert your attention towards politics for a moment, because I recently read a study that showed 1/3 of US millennials think communism is good and would vote for a far-left candidate. Coming from a country that endured 40 years of communism, I want to kindly ask anyone who reads this and identifies with that 1/3 of US youth to get the hell off the internet and go read a history book.

Communism. Does. Not. Work.

It may work in theory, but humans are inherently greedy. When equality is enforced by the state, the enforcers will always be “more equal” than the simple citizen.

For my parents, growing up in communism meant waiting in line every day after school to get the weekly ration of bread and milk. It meant doing homework under the light of a candle because electricity was cut off every day at 6pm. It meant 2 hours of state-controlled television every day. It meant that “walls have eyes and ears” and the nice next-door neighbour may be secretly reporting to the state police every activity that you are doing. It meant that, while for the outside world our economy was booming, while we were the biggest exporter of cereals in Europe, our own people were living in darkness and cold. And of course, members of the ruling party were living the lavish lives of those who are “more than equal”.

30 years ago, in 1989, Eastern Europe finally managed to subdue the communist specter - I say “subdue” because as long as we don’t learn from history’s mistakes, it will never be defeated.

December 2019 marks 30 years since more than 3000 Romanians died for freedom. Since then we have had one socialist government after another. For the past 3 years, we have been governed by the direct descendants of the Romanian Communist Party. Results? We report the highest economic growth in the EU. Meanwhile, inflation is through the roof and our social system is going to collapse soon. You know…that social system that offers basic income to every single citizen, regardless if he works 14-hour days in a factory or spends his days at the local pub drinking. The system which offers our senior citizens a monthly pension that’s barely enough to survive from one month to another, and our former dignitaries one that’s enough to buy a house every few months. Both sustained by taxpayers’ money, by the way.

Almost 40% of my gross monthly salary goes to the state in the form of income taxes. The “gross” row on my payslip shows 6,000, but the final “net” amount is only 3,600. And what does the state offer me in exchange for 40% of what I earn?

In theory, medical care. In practice, I have to pay for any doctor’s visit unless I’m dying in the ER. And even then, hospital stays over 3 days have to be paid.

In theory, I get free medicine for cancer, diabetes and many other chronic illnesses. In practice, if the electronic prescription system is down (a.k.a. 90% of the time), that medicine is no longer free.

In theory, as a woman I can get free screening for HPV and breast cancer. In practice, I have to pay for it myself and then apply for (and MAYBE receive) deductions.

In theory, schooling is free. In practice, as one of our former ministers of education so nicely said: “it’s free for the child”. Classroom equipment and furniture is often paid by the parents, books and uniforms are bought every September.

In theory, when I retire I will have a source of income. In practice, my calculations show that, in 10 years when my mom retires, her monthly pension will be just enough to pay the water and heating bills (considering, of course, that prices remain constant).

In theory, socialism is good. In practice, it’s the perfect cover for corruption and a slippery slope towards real communism.

So, for anyone who identifies with the results of the survey mentioned in the beginning: stop romanticizing communism, and stop drooling over socialism. I would hate to see a great country crash down because of some kids who don’t know shit about the real world.

My rant is over.

P.S. Before anyone can call me a stupid babyboomer brainwashed by Cold War propaganda:

I am one year younger than you, Ren, and everything I said can be confirmed by any Eastern European born before 1980.

Submission: Communism is shit lmao. I really don’t know why so many young people call themselves that other than to seem edgy. 

[cryptodailysun]

Binance users based in Colombia have filed charges against the exchange giant for blocking their accounts for five months. These users are taking Binance to court after lamenting severally on social media about the action taken by the exchange. The users stated that Binance accused them of illicit activities as per the Tax Information and Investigation Service of Netherlands (FIOD) guidelines. Some users also noted that Binance had deducted funds from their accounts. Blocked Binance users sue the exchange One of the affected users, Andrew Torrente, stated in an interview that she resulted to legal channels after her account was blocked by the exchange giant. He noted that he was yet to receive an official response from Binance’s legal team in Colombia regarding the matter. Buy Bitcoin Now “In theory, this week marks the deadline by which Binance’s legal representative for Colombia and other authorities should be notified,” she said. One of the users on the exchange stated that they had over $1 million in their accounts before their accounts were blocked. Another user noted that he was left bankrupt after Binance blocked $143,000. Some of the blocked traders have noted that they have a way of proving the ownership of these funds using their financial statements. If it can be proven that the funds were not acquitted through illegal activities, the users stand a chance of being compensated by Binance over their missed profits. Some user transactions linked to the Dark Net One user, Cesar Maya, noted that he used Chainalysis to trace the purchase of cryptocurrencies. The Chainalysis data showed that he had bought cryptocurrencies from people linked to the Dark Net. However, he noted that he was not aware of this. He further added that this transaction constituted less than 1% of his account. The users stated that Binance had asked them to write a letter to the FIOD or police based in The Netherlands to request their funds be released. The FIOD is the body that issued the order to block these accounts. “They shut down our chats. Basically, they wash their hands, they say they have nothing to do with it and tell you to communicate with an email that is never answered,” the users said. Buy Bitcoin Now Your capital is at risk. Read more: How to buy cryptocurrencies How to buy bitcoin Go to Source

[mwaliregistrar]

Learn About The Offshore Bank By Prominence Bank

Opening a Prominence Bank offshore account may sound great in theory, but make sure you understand all the potential problems and risks.

The mere mention of the word “open an account offshore” is enough to remind people of tax evasion, unreported income, and a series of other hidden transactions. The Panama Papers scandal in early 2016 cemented the offshore accounts' notoriety. A scandal involving several high-profile global statements has led the Australian Tax Office (ATO) to investigate the offshore account opening of 800 wealthy Australians.

But although opening an account abroad is often associated with illegal behavior, in fact opening an account abroad there is no illegal activity on the account. So let's take a look at what you may or may not understand about opening offshore account things about how it works.

1. How does opening an account work abroad? Opening an offshore account refers to a bank account opened and maintained in another country. Offshore account opening accounts are usually opened in countries with lower tax rates or in other countries with economic interests. However, there are many other reasons you may need to open an account offshore. For example, you may need to get paid quickly to manage an overseas investment in real estate or pay your children abroad for education.

Banks around the world offer accounts to attract customers from abroad; Some of the major international banks have specialized international departments for dealing with foreign clients.

2. Opening an account abroad is legal Yes, I read that opening an account abroad is not illegal. However, if you do not declare income and that account's income on your annual tax return, you will find yourself on the wrong side of the law.

Let's take Australia as an example, Australian residents have to pay taxes on their worldwide income. These incomes include the income they earn from offshore assets, rental properties, and of course bank accounts. Any income from offshore accounts must be declared on your Australian tax return. If you have already paid taxes on your income in another country/region, you can apply for an income tax deduction in Australia.

3. Benefits of opening an account abroad The most obvious reason why someone would want to take benefits of Prominence Bank Services is to reduce taxes, but Prominence Bank Services have many other potential benefits:

• The ability to gain more attention. • Get foreign investment. • Access to foreign banks' products and services. • Greater privacy, for example, companies that want to protect their trade secrets.

For large, well-known companies, opening an offshore account can prevent the risk of suppliers from overcharging.

4. Account opening and deposit The process for opening an account abroad varies by a financial institution. In most cases, you will need to provide a passport, bank statement, and a signed statement regarding the source of funds to open the account abroad. Deposits can be made through international transfers.

5. Those who do not advertise will be severely punished For some people, the temptation to avoid paying taxes by not reporting Prominence Bank offshore accounts is too great. In other cases, such as some prominent figures in the Panama Papers scandal, accounts opened abroad are used to fund illegal activities or manage illegal income from such activities, which is difficult for ordinary taxpayers to include in their next tax return.

Regardless of the situation, failing to announce your offshore account opening for ATO is a huge no-no and no penalty. The penalty for unpaid taxes on foreign income and interest is approximately 75%, and the Federal Police or prosecutors always have the potential for further investigation and prosecution.

[andrewdburton]

Debt consolidation: How does it work and is it right for you?

When you have debts everywhere you turn, it can feel like you’re completely swamped. Your hands are tied every payday as you funnel money into paying off debts, leaving you with no room to save.  

That’s why a lot of people turn to debt consolidation, which is when you use a loan to pay off all of your debt — and it can seem like a godsend.

But wait, how is ANOTHER debt supposed to help?

Of course, you’re right to be suspicious. The thing is, it can help but only if you do it right. Do it wrong and you’ll be kicking yourself from a position worse than you’re in now. So, should I consolidate my debt?

Debt consolidation can work as a way to pay off debt faster. However, if you’re not disciplined and look for help in the wrong places, you’ll end up spending MORE time paying off your debt.

Let’s take a look at what debt consolidation is, how to consolidate debt, the pros and cons, where to find a reputable organization to help you, and ways you can get out of debt fast.

What is debt consolidation?

Debt consolidation combines all of the debt you owe into a single payment with a lower monthly interest rate. This typically works by taking out another loan in order to pay off all of your other debt.

Let’s say you have debt across three credit cards and you owe the following:

Credit card A: $2,000 at 10% APR

Credit card B: $1,000 at 20% APR

Credit card C: $1,000 at 15% APR

Each month, you’re contributing $100 to each card for a total of $300 — however, a portion of each is being eaten by interest:

Credit card A: $16.67

Credit card B: $16.67

Credit card C: $12.50

So in all you’re paying $254.16 towards your debt rather than the full $300.

With debt consolidation, you take out a loan of $4,000 and pay off ALL of the above debt — and you get a lower interest rate for the loan at 10%.

Now each month when you contribute $300 you’ll pay $266.67 towards your debt rather than just $254.16.

In theory, this means you’ll be able to pay off your debt faster.

The interest rate you’re able to get depends on which type of loan you attain:

Secured loan. This is a loan where you put up an asset (e.g., car or home) as collateral. If you default on your loan, your creditor will repossess said asset.

Unsecured loan. This is a loan that just uses credit. As a result though, you might end up with higher interest rates than if you had a secured loan.

If you want to get your debt consolidated, you’ll have to go through one of the two routes above — which we’ll get into later.

Before we do that though, it’s important you know the dangers around consolidating your debt.  

The problem with debt consolidation

But before you click on one of those scammy internet ads marketing “DEBT CONSOLIDATION — BE DEBT FREE IN 3 HOURS,” consider the big drawbacks to debt consolidation:

1. It could take longer to pay down your debt

If there’s anything we’ve learned about human psychology over a decade of studying behavior and personal finances, it’s that things like that are easier said than done.

For example, if the average person ends up saving $300 in interest payments because of debt consolidation, do you think they’ll use that extra money towards their debt OR do you think they’ll end up spending it?

Most likely, the latter.

Human willpower is limited. It’s the same reason why cutting out lattes or skipping lunch to save money doesn’t work.

A person with 300 “extra dollars” might end up just blowing it on something else.

What happens then is it takes longer to pay down debt. This results in even MORE fees they have to pay.

Aside from diminishing willpower, many debt consolidation loan companies offer up longer loan terms than people realize. So while the interest rate is lower, they end up paying more because they didn’t take into account how long they’d have the loan for.

2. You could lose your home or car

If you decide to put your car or home down as collateral you stand to lose much more than a few thousand dollars off the life of your loan.

A home equity loan is also known as a second mortgage. Taking a second mortgage out on your home means you risk losing your house if you fail to make payments.

Of course there are some advantages to going this route. For one you can deduct the interest payments from your home equity loan from your taxes. Plus you’ll be able to get a lower interest rate than if you went the unsecured route.

Overall, though, it’s just not worth the risk — especially when there are better ways to go about it.

3. Your credit score will suffer

There are a few things that go into making a great credit score. One of them is your credit history — or how long you’ve had credit for.

It actually accounts for 15% of your overall score.

That might seem small but consider this: If you get rid of a bunch of different lines of credit at once, your credit score is going to take a huge drop. That drop gets bigger with more and more lines of credit you close.

How do you know if debt consolidation is right for you?

Debt consolidation can be a great way to plan your route out of debt. But that doesn’t mean it’s the perfect solution for everyone. 

The benefits of debt consolidation are hard to argue with. You can simplify your debt, save money on interest, only deal with one creditor, and (hopefully) clear your debt faster. But there are pros and cons you need to know about before you make this decision.

It can be the best move for some, but worse for others. 

Signs debt consolidation is right for you

You have high-interest debts

The number one sign that debt consolidation is a good option for you is if you have several high-interest debts. Why pay interest on several debts when you can pay it on just one?

If you know you can secure a lower interest loan, it makes sense to consolidate your debts. 

According to Experian, the average personal loan interest rate is 9.41% — whereas the average interest rate for credit cards is around 16%. So, if you’ve got a ton of credit card debt, it’s worth considering debt consolidation.

You have good credit

If you’re already in debt, getting another loan might be tricky unless you have good credit. Most creditors will want a credit score of around 670 (FICO Score). 

If you have good credit, you’re more likely to get approved, and also get a loan with decent interest rates. Remember, you want a loan with lower interest rates than your current debts, so this part is key. If your credit score isn’t the best, a new loan might not have favorable interest rates. 

You want a fixed repayment schedule

With some debts like credit cards, it’s easy to just make the minimum payments or even miss a payment (please don’t do this). This makes it harder to clear the debt because some of it relies on willpower. 

With a personal loan, you have a fixed payment and loan term that you have to abide by. This makes it much easier to stay on track and clear your debts. It also means there are no fluctuations in your monthly debt payments like with a credit card so it’s easier to budget for. 

Signs debt consolidation is NOT right for you

You have a poor credit score 

Having a poor credit score is one reason why a lot of people want to get out of debt as fast as possible. 

However, debt consolidation relies on you not only being able to take out a new loan but also getting one without crazy high interest rates. 

If the only loans you can take out mean you’ll be paying MORE in interest rates, then it’s not worth it. In this case, the only benefit would be to simplify your loans. 

But what you really need is to save on interest so you can clear the debts faster. 

You’re on the verge of bankruptcy

If things have taken a downward turn and creditors are threatening to sue, then a debt consolidation loan may not even be accessible to you. Bankruptcy is a scary thought, but if this is your reality, you are unlikely to qualify for a debt consolidation loan.

If this is your current situation, you would be better off looking into debt settlement to try and reduce your debt amount first. 

You can’t afford the monthly repayments

Taking on another debt is tricky if you’re already in debt. While you can use this one to clear your other debts, you need to make sure you can cover the monthly repayments. 

As it’ll be a higher debt amount (to cover all your other debts), the monthly repayments will be higher. Make sure that you can fit it comfortably into your budget before taking on new debt. 

After all, missing repayments can set you back even further. 

How to consolidate debt — and get rid of it completely

If you’re STILL interested in consolidating your debt, I want to help you.

Because there are a LOT of scammy consolidation services out there. These “businesses” will promise that they’ll help you get out of debt fast through their loan packages …

… only to screw you with hidden fees, bloated interest rates, and long loan terms.

The trick here then is to separate the good debt consolidation organizations from the bad ones.

Step 1: Find a non-profit debt consolidation firm

Non-profit debt consolidation firms are 501(c)(3) organizations that help provide you with consolidation services, credit counseling, and will even negotiate with your creditors for you.

The best part: They do so with little to no costs to you since they’re funded by third-party sources such as donations and grants.

Unfortunately, even scammers and bad consolidation services have non-profit status. So you’ll have to do your research into finding a reputable one.

Two good signs a non-profit debt consolidation firm is the real deal:

Fees. A reputable non-profit will likely have monthly maintenance fees. Luckily, they’re relatively low cost — and if you’re in really dire straits, some non-profits will waive the fees entirely for you.

Non-profit status. This might seem like a no-brainer but it still needs to be said: Ask them for verification of their non-profit status. Too many scam companies pretend they’re non-profits in order to lure people in. Don’t be one of those people.

Make a list of 5 to 10 non-profit debt consolidation firms. Spend the next week calling each of them and getting a consultation on your situation and what they can do for you.

A good non-profit will spend about an hour on your consultation. Beware of any organization that wants to take your money and put you into a plan right away. They are NOT looking out for your best interests.

Step 2: Eliminate temptation

Luckily, a non-profit debt consolidation firm will take care of a lot of legwork for you. That means they’ll call your creditors, negotiate down your debt and interest rate, and work with them to consolidate all of your debt into one manageable monthly payment.

Unluckily, that’s the easy part. The hard part means actually doing the work of paying down your debt — and that’s up to you.

To do that, you need to first get rid of the temptation of using your credit cards until you’re debt-free. If you ever expect to pay down your debt, you can’t add more to it.

Here’s my favorite tip: Plunge your cards into a bowl of water and shove it all into your freezer.

Seriously. Remember what we said about human willpower? It’s very weak — so weak that a solution like freezing your cards is necessary sometimes to delete temptation.

When you literally freeze your credit, you’ll have to chip away at a massive block of ice in order to get it back — giving you time to think about whether or not you want to go through with whatever purchase you were going to make.

You can also give them away to a loved one to keep until you’re out of debt.

Step 3: Confront your debt

It’s good to finally confront your debt. That’s the first step to getting out of it. 

While it may be tough to climb out of debt, the sooner you make a plan to do so, the better. You’ll be able to repair your credit score, work on boosting your savings, save on interest, and finally get some sleep at night. Debt can weigh heavily on the mind, after all. 

The good thing is, you don’t have to do this all alone. There’s help at hand. You can get in touch with a non-profit debt consolidation firm to help you. Take advantage of their credit counseling services to help steer you through unmanageable debt. Do your research and find a non-profit so you can avoid the scammers out there. 

It’s easy to feel bad for yourself and avoid confronting your debt. It’s harder to actually step up and do something about it.

Since you’re here, that means that you’re willing to put in the work to dig yourself out of your financial hole which is amazing!

What is the difference between debt consolidation and debt settlement?

Another term you’ll likely come across in your quest to clear your debt is debt settlement. But what is it? 

Both debt settlement and debt consolidation are used to handle personal debt, but they work in very different ways.

Debt settlement is used to reduce the total amount of debt owed. Whereas debt consolidation is about reducing the number of creditors you owe. 

With debt consolidation, you combine multiple debts into one. Debt settlement is when you ask one or more of your creditors to accept less than you owe.

If the creditor agrees, you both reach a settlement agreement in either a lump sum or installments. 

Which one is best for you? 

This depends on your circumstances and what the creditor will agree to. If you want to make your monthly repayments more manageable and reduce the amount of interest you pay, then debt consolidation is the way to go.

If you’re already behind on payments and are struggling to meet them, then debt settlement might be a better option. 

In this case, if you’re already behind on payments you might struggle to get a debt consolidation loan anyway because of the impact on your credit score. So, debt settlement is definitely something to try out to reduce the burden. 

Debt settlement is the next logical step if you’re out of options, have poor credit, and want to avoid declaring bankruptcy if at all possible. 

It may mean taking a hit on your credit score, but you might have to just accept that. Once the debts are clear, you can get to work on repairing that damage. 

How does debt settlement work?

Debt settlement is a tricky one and requires you to whip out your negotiation skills. There’s no guarantee the creditor will agree, but there’s no harm in asking.

The process is pretty simple. You can ask your creditor if they would be willing to negotiate a settlement. Do this over the phone or in writing to keep a record of the conversation.

A creditor can do one of three things:

Accept it

Reject it

Make a counteroffer

With the counteroffer, you will need to consider if the amount they want is affordable in your budget. Make sure you’re agreeing to something that’s realistic and fair. 

Once you agree on a settlement amount, all that’s left is to arrange the payments. This can either be a lump sum or through installment payments, whichever you agree to. 

After you’ve made the payments, the remaining balance that’s been hanging over your head will be a nice round zero. 

If negotiating debt settlement on your own sounds like a nightmare, don’t worry. There is help at hand. You can hire a debt settlement company to negotiate on your behalf. However, this does involve paying them a fee, and again, you have to do your research to avoid hiring a scammer. 

Pros and cons of debt settlement

Pros

You reduce your debt amount

The biggest pro to debt settlement is simply that you reduce your debt amount. A lot of people don’t know that you can ask your creditors for this. So they carry on struggling. 

But if you’re struggling, it can’t hurt to ask. If a creditor agrees, you could cut hundreds of dollars from your debt and all the interest that comes on top of that.

You can clear your debt faster

With a smaller debt amount to pay off, you can pay it off faster. Whether you agree on a payment plan or a lump sum, you’ll be able to say goodbye to your debts much sooner. 

This means your money will be freed up faster to put into savings accounts or whatever else you want to spend your money on. You can also get to work repairing any damage to your credit score once the debt is clearer. The sooner the better. 

It could help you avoid bankruptcy

If bankruptcy is on the horizon, debt settlement should absolutely be a consideration. The last thing you want is a bankruptcy on your record. You can pretty much say goodbye to being able to take out credit for a LONG time if you reach this point.

Cons

Your credit score will take a hit

Naturally, debt settlement does not reflect well on your ability to repay debts. If you have debt settlement in your credit history, it signals to future creditors that you are riskier to lend to. This could result in sky-high interest rates or outright credit rejection in the future.

However, if your credit score is already low and your debts are just making it worse, then you pretty much have nothing to lose. Yes, you’ll take a hit, but you’ll also get out of debt sooner if your creditors agree to debt settlement.

You might struggle to get credit again… especially with those creditors

A lower-than-ideal credit score does affect your ability to take out credit in the future. However, if you’ve been in a tricky situation with credit, it’s probably worth avoiding new loans and finance for a little while anyway. 

The creditors who agree to debt settlement will likely avoid lending to you again because they will be worried about losing money. This could limit your options in the future. But if it’s your only option, you might just have to just bite the bullet.

There is no guarantee creditors will agree

Unfortunately, if you’re relying on creditors to throw you a lifeline here, you might be out of luck. In an ideal scenario, they’ll be forgiving and offer you a way to climb out of debt in a way that benefits everyone. 

But there’s no guarantee they’ll do this. They could outright reject your request or be inflexible with their counteroffer.

There’s little you can do if this is the case. You can try another of your creditors if you have several debts to see if any of them will agree. 

Avoiding debt in the future

After you’ve decided on a method to reduce your debt – don’t stop. Ridding yourself of debt is just one key part of building strong personal finance. The other part of the puzzle is to manage your spending so you don’t end up in the same position as before. 

The last thing you want to do is put all your hard work into clearing the debt, only to succumb to temptation or poor money management which puts you right back where you started. 

That’s why we want to give you something that can help you take your personal finances to the next level:  The Ultimate Guide to Personal Finance. In it, you’ll learn how to:

Master your 401k: Take advantage of the free money offered to you by your company.

Manage Roth IRAs: Start saving for retirement in a worthwhile long-term investment account.

Spend the money you have — guilt-free: By leveraging the systems in this e-book, you’ll learn exactly how you’ll be able to save money to spend without the guilt.

Enter your info below and get on your way to living a Rich Life today.

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Debt consolidation: How does it work and is it right for you? is a post from: I Will Teach You To Be Rich.

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Accounts Coaching Classes in Chandigarh

Accounts Coaching Classes in Chandigarh offers Accounts Coaching for Class 12th for CBSE, ICSE, AND PSEB board students. Accounts Academy in Chandigarh has designed 11th 12th Class Tuition in such a way that it will clear all the basic fundamental concepts of CBSE 11th 12th class syllabus for those students who wish to excel & score good rank in CBSE 11th 12th Examination. Accounts Coaching Classes in Chandigarh is one of the best tutoring institutes for Class 11th & 12th Commerce students. Our teachers cover here apart from teaching and also work as their instructors.

Our unique study method combines modern practice techniques and our accounts programs are easy to design in coaching classes. Our training for those accounts helps the student overcome all confusions about accountancy. The study involves accounting laws, fraud detection, managerial accounting, and auditing in the study. Motivated accountants generally take their accounting courses through a full degree program. Traverse the contents of general accounting classes by studying accountancy.

Our

Accounts Training

Accounts Classroom Training

Accounts Mock Test

Accounts daily Practice

Accounts Problem Solving Classes

Accounts Weekly Practice Test

Accounts Result

Some common concepts we hear here involve auditing procedures and standards, cost analysis, financial statements, and reporting, tax deductions and liabilities, international accounting, business or tax research methods, global economy, etc. Solve all your confusion with the Accounts Coaching Institute in Chandigarh. In our accountancy coaching classes in Chandigarh, you get the full solution for the accounts. Students learn the business side of accounting in this classical classroom, such as direct handwriting, bookkeeping, numerous equations, and liabilities. Involves original accounting principles and how they relate to making statements. This accounting course is a must for any accounting major in our tuition classes. We also provide all the subjects for commerce stream 11th & 12th students like Accounts, Business Studies, Economics, English, and Mathematics

Vision

To attain apex in sharing knowledge, training students in accountancy and related domains, and to provide professional guidance for their success.

Mission

To provide students with quality-oriented personalized attention by delivering educational solutions and to see they prosper their career.

Focus

The teaching methodology is designed in such a way to realize how learning accountancy is made so easy, with an ultimate goal to attain the untold secret of success in every walk of life.

Syllabus for Class 11th Accountancy

Accountancy syllabuses differ from schools affiliated to one board of education to schools affiliated to another board. While there may be some differences across syllabuses advised by several education boards, the core study areas remain the same. Here are the things that commerce students have to cover in Class 11th.

Theoretical Framework – Benefits, Importance, Objectives, and Limitations of Accounting, Basic Accounting Terms

Theory Base of Accounting – presumption, Principles, Accounting Standards, Double Entry System

Recording of Transactions

Debit and Credit Rules

Journal

Cash Book

Purchase or buy Book, Sales Book, Purchases Returns Book & Sales Returns Book

Bank Reconciliation Statement

Ledger

Objectives and Preparation of Trial Balance

Depreciation

Provisions and Reserves

Promissory Note and Bills of Exchange

Accounting Treatment of Bill Transactions

Rectification of Errors

Financial Statements

Balance Sheet

Trading and Profit and Loss Account

Sole Proprietorship Trading, Profit & Loss Account and Balance Sheet

Limitations and Uses of Incomplete Records

Statement of Affairs Method for regulating Profit & Loss

Financial Statements of Not-for-Profit Organizations

Syllabus for Class 12th Accountancy

Here partnership firms and companies will come into the picture. What are the main subjects?

Accounting for partnership firms: Partnership deeds, preparation of profit and loss accounts, admission of a partner, retirement, and death of a partner, and dissolution of a partnership firm.

Accounting for the organization: Accounting for share capital and accounting for debentures will be clear here.

Analysis of financial statements: The students are taught how to analyze financial statements using various tools such as ratio analysis.

Cash flow statement

Besides the students are also given classes in computerized accounting.

Books followed in the

Accounts Coaching Classes

in Chandigarh

T.S. GREWAL

D.K. GOEL

P.C. TULISAN

S.A. SIDDIQUE

Importance of

Accounts Coaching Classes

in 12th Class?

The majority of class 12 students would answer this question by saying that it is essential to get a good score in the subject. Which is perfectly true. But by focusing on a broader aspect, you will realize the following.

Preparing for accountancy for class 12 will:

Enhance your chances of getting admissions to a good institute that broaden your exposure and knowledge

Keep your foundation strong

Broaden your skills set and competency

Gain your confidence

Train you to be able to understand advanced accounting concepts with ease method

Offer you opportunities that can make you a versatile accountant in the future

Help you get a job in some of the best financial consultant companies due to the rising demand for accountants

Help you get one step closer to writing the common proficiency test (CPT)

Help you get one step closer to becoming a Chartered Accountant (CA)

Teaching Methodology:

One to one attention (individual attention) is a great favor in Accounts Coaching Classes in Chandigarh.

All illustrations and exercises in a textbook & practice manual will be explained.

Students are given instructed to do all exercise problems and submit. Corrections will be made then and there. If required related concepts will be explained once again, where the students find it difficult to solve the exercise problems.

Mock tests will be directed for each chapter and if needed for each concept.

Questions that appeared in previous year’s question papers will also be solved or explained.

Parents are informed then and there concerning wards performance

How should you prepare for

accounts in class 12th?

Accountancy has both theoretical topics and practice-based topics in every chapter. There are six exact steps to be followed while preparing for accounts in class 12th.

Step 1: Study the theory – definitions, conceptual explanations, applications and p 4: Work on questions at the end of every chapter – at the end of the third step, you must be comparatively thorough with a chapter and its concepts. Now is the best time to work on the problems, questions, and adjustments that are available at the end of every chapter of the textbook. This will not only make you comprehensively thorough but will also demonstrate various kinds of questions that can be asked in the exam.

Step 5: Analyze past year’s papers – past year’s papers on accountancy for class 12th is available on 2 main sources, the internet, and books by many authors. Sometimes, the last few pages of your accountancy textbook could also have several year’s papers. By checking these papers, you can get a clear-cut idea and outline of:

Question paper format

Emphasized topics

Allocation of marks

Frequently asked questions

Answer expectation

Step 6: Solve sample papers – numerous students think that analyzing the past year’s papers are sufficient in conducting a good score. But sample papers are equally essential when offered by the right source. These sample papers will give you information and updates on:

Any changes in the question paper format

Any predicted questions

Changes in answer expectations

Changes in answer pattern

After following these steps, you will know that you are not only prepared with the right answers but also prepared for any changes or surprises that may happen in the examination hall. You would have learned to manage time, maintain your confidence, work efficiently, and stay aware.

Benefits of

Accounts Coaching Classes

in Chandigarh for 11th 12th Classes

Commerce students who have ambitions and aspirations for prosperous careers in the world of accounting only have one year to familiarize themselves with the basic accounting concepts; Class 11. While there are advanced concepts to learn in Class 12, candidates must grasp the basics in Class 11 to make sure that they don’t face any problems in understanding advanced concepts in the future. With an accounts home tutor, candidates can gain greater insights into accounting concepts and learn them thoroughly.

Classroom teaching at school may not always be efficient as teachers have limited time to explain concepts. However, a home tutor can take as much time as needed to explain concepts thoroughly. Regular Practice: Your accounts teacher at school may be great, but they cannot ensure that you are practicing regularly. There are two-parts of accountancy; the theoretical side and the practical side. What you learn in your accounts theory section will be of less use if you cannot use it practically. Coaching classes helps in this regard as they can assign tasks and homework for students that they need to submit regularly.

School teachers also mostly rely on the advised school textbook for examples and problems. However, a home tutor has the freedom to use any resource they see fit and may also come up with problems that students have to solve. Correspondence with Parents: School teachers remain under a lot of pressure for the whole academic session and apart from the two or three parent-teacher meetings scheduled by the school, they don’t get many chances to speak to parents. However, a home tutor can keep parents up-to-date regarding the performances of their children. Parents can use this information to motivate their children to practice more and they can also be more aware of the difficulties their children are facing with regards to accountancy.

Careers in Accounting

Finding a job in the accounting field is one of the decisions. Accounting is a field that will always be in demand and it is a field that you can continue to develop and move up inside your organization. There are various positions you can find in the accounting field. Careers in the accounting field can differ from entry-level positions to executive level. Choose the accounting career you are most interested in learning what it requires, what education you may require, and the salary you can potentially earn.

Jobs in Accounting

Accountant

Accounting Assistant

Accounting Clerk

Accounting Manager

Accounts Payable Clerk

Accounts Receivable Clerk

Bookkeeping

Budget Analyst

Certified Internal Auditor

Chief Financial Officer – CFO

Comptroller/Controller

CPA

Forensic Accounting

Government Accounting

Payroll Clerk

Staff Accountant

Tax Accountant

Why us for

Accounts Coaching Classes

in Chandigarh?

Accounts Coaching Classes in Chandigarh apply ease techniques to train our students and make smooth command over the desired subject. We have a practical approach and follow the 360-degree feedback system, to maintain hygiene in our Service Delivery Eco system. We prefer to deliver Quality students/professionals instead of delivering a lump of students reaching nowhere! Accountancy coaching classes in Chandigarh have the best and experienced teachers, offering students total insight and ample knowledge of the subject.

Exclusive Study Material

Properly compiled study material is our specialty which contains

Complete course topic-wise,

The easy language that helps in remembering the concepts,

Flow charts,

Diagrams,

Tabular representation,

Solved and unsolved questions,

Fast Track Revision section,

Important points to remember,

Do’s and Don’ts for the exam.

All these spotless features make this study material exclusive.

Routine Feedback & Tests

Surprise tests and feedback are important to make sure the student has understood the concept thoroughly. We believe in a quality product, therefore students are given regular tests and feedback on their work.

Our modernistic system will take the test of our students online and make sure that the result of the feedback is given immediately.

Doubt solving sessions

Our teaching sessions and methods are different and simple giving students no doubts about any concepts.

If there is any query or doubt, our doubt solving session or one to one sessions with students will work wonders to solve the problem of the students. Examples of the concepts should be studied to lay strong foundations for the chapter before moving next to complex adjustments.

Step 2: Solve accounting problems – after having enhanced the base knowledge for the chapter, you can go ahead with working on simple-moderate accounting problems. These accounting problems will have terms or concepts that have been explained in the theoretical expansion of the chapter.

Step 3: Practice computerized accounting – repeatedly practicing accounting on a spreadsheet or DBMS or even on software like Tally can make a huge difference in keeping what you studied and can lead to a better understanding of treating some accounting adjustments.

[ev3v4hn]

Monetary Ratios

His firsthand experience of getting issues done for purchasers, even in new and uncharted territory, helped ignite his passion to support and guide company purchasers of their crucial business transactions and techniques. Greater technology use may lower different costs similar to journey and ultimately Business & Finance the necessity for workplace area as extra folks often and systematically work remotely. Business trips, tradeshows, and even meals and leisure are Petri dishes for breeding microbes. Recent income tax code revisions diminished deductions for a few of these items and, except reassessed, will solely contribute to this declining tactic.

Reopening announcement welcomed by business owners – BethesdaMagazine.com

Reopening announcement welcomed by business owners.

Posted: Sat, 15 May 2021 21:44:29 GMT [source]

Our Academies supply tremendous alternatives for distinctive Gies finance college students to prepare for management roles of their careers. “At Gies, college students benefit from a faculty of worldwide specialists who bring intensive professional finance expertise to their educating. That makes their education rigorous, real, and relevant and sets them up for success.” The landscape for business and finance careers differs depending on which profession people enter and the place they stay. In the next table, the growth prospects of a number of careers are outlined, together with the highest states for jobs in those professions. The minimal requirement for most financial managers is a bachelor’s degree in business, accounting, finance or a related field.

Economics & Business Department

The Certified Financial Planner

certification is the usual of excellence for competent and moral financial planning. MBFC presents a selection of incentives to assist cut back capital requirements to eligible Mississippi businesses. For an incentive estimate and more data please fill out and submit the MBFC Project Data Form. Finance positions require not only data of the three areas of finance, but in addition good analytical, quantitative, pc, communication and collaborative work expertise.

In Browning’s mind — a great place to start out for analyzing basketball — the key talent is capturing. He has simple mechanics and really feel for the shot that came to him virtually from the moment he took up the game Finance — he hit an extended buzzer beater to win the championship game in his first 12 months of organized basketball at age 12. The dynamics of college basketball in any respect ranges have changed dramatically in the past decade.

Driving Your Corporation

It requires a formal structure to sufficiently assist mortgage clients’ path to sustainability and growth. In this session, practitioners will explore the concept of TA as a “product” which is “sold” at loan closing. Presenters will focus on the elements of efficient Business technical help, current a method for capturing business outcomes, share profitable fashions, and encourage attendees to share their own experiences. Attendees continued the opening plenary dialogue in small breakout classes.

What are the two main types of finance?

There are two types of financing: equity financing and debt financing.

Admittance into the College of Business after completion of the admission necessities. Admittance routinely occurs for those students assembly admission requirements after grades formally post for the semester. Posted May 11 – Serving and supporting college students and the group remotely. Please don’t come to campus until you’ve an in-person class or a child on the Center for Families. Navigate the markets with monetary reviews, analyst reviews and portfolio screening. Law within the Library presents a reside digital program about the impact of Covid on small companies.

At Present’s Mortgage Refinance Rates Stick Round Historic Lows

What you borrow is exactly what you’ll see deposited into your small business checking account. Based in Madrid, IE Business School presents outstanding bachelor’s levels, master’s programs, PhDs and government training. Meanwhile, for private finances, you’ll find a way to spend money on issues that provide you with pleasure but don’t essentially contribute to your revenue. This signifies that a return is predicted from the quantity you set in a specific funding strategy. You must do the paperwork for this tax annually to inform the government how a lot revenue your company has earned. At the end of the yr, you’ll find a way to file for tax return where you calculate your liability and request refunds in case you have proof of overpayment. The authorities has put up legal guidelines to guard business owners and investors at the federal, state, and local levels.

Is Business and Finance the same thing?

Key Takeaways. A finance degree places a greater emphasis on math to prepare students for a job that entails financial analysis. A business administration degree will emphasize managerial skills and human resource skills, such as interpersonal relations and customer service.

Select a school member to study extra about their campus involvement, analysis pursuits and teaching duties. Topics embrace cash flows, the Federal Reserve System, banking regulation and efficiency. Emphasis upon general microeconomic concept, an introduction to theories of shopper habits, product demand, cost and provide, manufacturing, the firm and its markets and capital and pricing factors. Federal revenue tax construction as related to people, partnerships, and companies. Problems meant to provide an understanding of the speculation, regulation, and rules.

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