Month: May 2017

A Financial Adviser Knows Best Income Tax Rates Around the World

Financial planning Planning your finances is imperative in this dynamic age. You never know when things will change drastically putting you at heavy losses. Also, inflation is at its peak these days. In such a situation, it would be advisable to turn to a financial adviser who will help you with your finances in various ways. As well as keeping you updated with best income tax rates around the world, the adviser will offer many benefits in a number of ways.

Why hire a financial adviser

Financial advisers possess experience and expertise in managing finances efficiently. They know how to handle financial situations all through the year. No matter whether the economy is booming or passing through a bad phase, a planning professional will sort out ways to make the best out of your finances.

First of all, the adviser will study your financial situation. In accordance with your financial goals, the planning professional will come up with investments that will dig higher returns on your capital. With diversified investment options, the expert will help to make a balanced risk reward ratio.

The adviser will find out what are the best tax rates around the world. This will assist you in finding overseas markets that will not tax your investment income. By allocating your money in various investments dispersed all over the world, the adviser will make certain you earn money through multiple streams throughout the year.

The biggest benefit of having a financial adviser by your side is tax relief. A reputed adviser is well aware of tax exemptions offered by the government. He will guide you on harnessing those exemptions to avoid tax. He will also remind you on tax due dates so that you pay off your statutory dues on time without enticing fines.

Bottom line

Hiring the expertise of a reputed financial planner is beneficial to any individual. Aside from keeping you informed about best income tax rates around the world, the planning expert will help to take relevant investment decisions. By acting on the advice of the planning expert, you will save substantial money while maximizing returns on your investment. This is why it is advised to hire the services of a reliable financial planner to reap these varied benefits.

Importance of Corporate Finance Basics

Corporate-FinanceTo understand Corporate finance basics you need to know and understand:
Assets = Liabilities + Equity.

This is the fundamental equation that all Corporations are based on. The dictionary describes a Corporation as, “company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.” With that being said the corporation, business, or organization is responsible to all corporate shareholders. It is necessary to prepare a report at a predetermined time, (monthly, quarterly or yearly) on the financial condition of the company to the shareholders using this formula. The CEO, Corporate Executive Officer, is responsible to facilitate the preparation of this reporting along with the Board of Directors.

What are liabilities? To keep it simple, liabilities are money you owe, or in accounting terms, accounts payable. What are your monthly bills? Do you have a loan that was needed for start-up or equipment? Do you have a credit line for your monthly purchases? Wages, salary, and state, federal and local taxes are also in the category of a liability.

What is Equity? Corporate Equity represents the value of the company stock. Equity is usually raised from the initial sale of stock and the shares are represented in value owned by the shareholders. As the company grows the value of the stock shares rise. That is why good financial reporting is necessary.
What are Assets? Everything you use to operate your business is an asset. It is important to utilize a monthly or quarterly inventory report to accurately assess what the assets are. Usually the initial start-up costs are financed by stock sales. As the business grows loans for additional purchases may be obtained as long as the business can support the cost. This loan would then be listed as an account payable.

Fiscal reporting and Corporate finance basics help to relate the value of the company to stockholders and give a realistic picture of the company’s overall health. If the value of the company starts to fall, decisions by the CEO and Board of Directors to help steer the company in a different direction is very important. Responsible reporting can mean the success or failure of your company.