To begin, Southbourne Tax Group would like you to remember this specific quote by Colin Wright, “Debt is both anchor and agony. It weighs us down and makes gravity painful.” This might be a good addition to your resolve on not to add any more debts.

The Southbourne team began their research on the subject by having good conversations with a few financial coaches to know their own explanation of getting out of debt and their suggestions to people. Each of those experts has good characteristics and is dependable on their field. Surprisingly, some of them already hit financial rock bottom, however, their changed financial lifestyle and commitment brings back their personal finance on the right track.

The financial coaches said to Southbourne Group that they want to inspire people and help them to get out of debt by sharing their own stories and financial struggles. Enumerated in the following includes the summary of the team’s garnered data from their own research and from their discussion with those experts.

Be very responsible

Always be in control of your personal finance to avoid having debts. If you currently have a good financial situation and have no debts then that’s good, but don’t ignore the fact that “things don’t go as planned sometimes”. You may not know it but you’re already falling hard on your finances by having no control on your spending. Set a budget and follow it by all means with a strong disciplined mentality.

Life changes might catch you off-guard where you’re not ready to adjust to those changes. For example, your partner losing his or her job or your full-time work became a part-time work. With such changes, you must alter your financial lifestyle as well. Don’t be a carefree spender and still uses your money like you did before such events.

If you currently have huge financial problems, don’t give in to the thought of paying your old debts with new ones because it will only be a cycle that has no end. Don’t fall hard on your finances and be accountable for every cent you spend.

Seek that financial freedom

Your definition of financial freedom might be different from others, but to put it simply, Scott Young said that it is about “earning enough money and building the mental discipline to keep that money from controlling you”.

Don’t make yourself believe in false excuses such as you have the chance to win the lottery and then you can pay all your debts. Being trapped in your finances requires a stronger resolve to get out. Don’t be despondent but instead find a way to solve your problem and believe that there’s always a solution waiting for you.

Southbourne Tax Group suggests to every reader that you should plan and set a budget to monitor your spending and properly take control of your personal finance.

Don’t forget your emotional life

Don’t make money the center of everything. Indeed, you need to get away from debts by working hard and gaining more income, but at the same time, don’t forget you need to form camaraderie with others and create more wonderful memories with your family because those things make you feel alive.

Say “NO” to the idea of having more debts

You’re here because you wanted to get away from debts, not to make excuses to add more. Build a stronger and disciplined mindset so that you can always say “NO” to debts since there’s always tempting opportunity to incur more debts.

To end this article, Southbourne Group will leave this quote by Benjamin Franklin to you as a reminder that adding more to your debts is not a good thing, and so it says, “Rather go to bed without dinner than to rise in debt.”

“Failures are part of life.” While this quote contains a huge truth, you should not also make this as an excuse to fall into a huge debt later in your life. Be responsible and well-organized in handling your financial situation, and remember that "being in control of your finances is a great stress reliever"

Financial education is crucial in building a better financial life. You must educate yourself on how to properly handle your finances. Southbourne Tax Group wants you to do your best in your financial life to avoid failing big time. Today’s society can be described to as being fast in every aspect. Transactions should be fast, transportation should be fast and accommodating, and inventions are created every day to make almost everything convenient and fast. Don’t fall behind and be updated on your financial situation because the society needs you to.

Southbourne Tax Group is known as a dedicated company in giving tax services to any businesses and professionals and is now ready to impart their gained knowledge on personal financial management. This is also made possible with the help of a few financial experts. 

Begin today

If you’re one of the young readers, Southbourne Tax Group suggests learning about your finances and save money today. And if you’re now a parent, it is important to teach your children while they’re still young the crucial role of learning about financial education as well. You can educate your children at home where you can also learn something new yourself while guiding your children to handle their money correctly.

Understanding well your personal finances, along with building a savings account at a young age are often the basics in having had a good financial foundation in the future. To add, this well-known quote by experts could also inspire you to save early: “Studies show that people who learn to save early in life usually make smarter financial decisions later”.

Let’s say we have two persons who are both putting the same amount of money on their respective bank accounts for many years, but the other one is 10 years younger. It’s only natural that the one who started earlier will get double the amount than the other person because of the accumulated interest.

Knowing your paycheck

Notice the other details included in your paycheck. Be aware of those details to avoid being unaware of the disappeared amount before you can even spend them. Know well the national insurance contributions, along with pension contribution, student loan payments, and the tax code.

Settle first your basic needs

Of course, you need to satisfy your needs as a human being first including the need of food, water, clothing, and shelter, so you must first pay your house rent, bills, foods, together with this imperative thing: tax.

Maintain an established income and spending record

Always check your income and spending by keeping an organized record to make sure that both are balanced. Doing this can keep track of your set budget.

Set up a good savings account

Growing a savings account often involves getting the best deals too. Know the latest deals where you can also visit comparison sites to help you find the best offers available. Do your best on researching those possible deals.

Have a worthwhile goal

That goal should be for the better of yourself and your family. Setting a specific goal can help you strive more each day and do your best in every endeavor. Having an eager mindset can help you reach that goal in no time.

To end this article, Southbourne Tax Group wants to impart some thought: “You are the root of your financial success or failure. If you work on the roots, the “fruits” will take care of themselves.”

Southbourne Tax Group is een onderdeel van de verschillende projecten waarin fiscale diensten aan diverse bedrijven en particulieren. De onderneming is sinds het begin, tonen van ongeëvenaarde inzet aan hun klanten en hen noodzakelijk begeleiden met hun belastingen.

Southbourne Tax Group doelen om hulp te bieden specifiek voor vastgoedbeleggers met dit bericht. Een paar tips zullen voorwaarde dat belastingen ten minste een beetje makkelijker aan personen of bedrijven maken kan. Maar eerst, als een belegger, vergeet niet om een juiste BTW-aangifte.

Zoals eerder vermeld, is na een passende en volledige BTW-aangifte inderdaad cruciaal voor vastgoedbeleggers aangezien zij vaak onder controle bij het indienen van rendement. Bel vandaag nog uw accountant en praten over belangrijke fiscale aangelegenheden en bepalen wat kan en niet kan worden geclaimd als een kosten fiscaal aftrekbaar.

Het inhuren van een fiscalist is een van de aanbevelingen van Southbourne Tax Group om te helpen u uw belastingen te vergemakkelijken. Compensatie van de netto verlies van negatieve gearing tegen andere inkomsten kan verminderen uw belasting te betalen. Beweren het belang van een eigenschap is ook aannemelijk als het is beschikbaar voor huur.

Altijd bevestigen of u de juiste dekking bij het controleren van uw verzekering. Deskundigen toevoegen dat een standaard verzekering huis en inhoud zal niet betrekking op specifieke risico's die zijn opgenomen hebben in de eigenschap investeren. Zorg ervoor dat je de kosten die u terecht ook mogen nooit zal vergeten.

Als een zelf beheren verhuurder werken vanuit huis, u zeker hebben sommige kosten en deze kosten kunnen ook worden aangevraagd maar slechts een redelijk deel van het. Aan de andere kant, Southbourne Tax Group beveelt ook aan de service van een professionele bezitsmanager krijgen omdat de kosten kunnen ook een aftrekbare kosten.

Bovendien, een manager van het bezit kan helpen de organisatie tijdens het maken van een potentiële fiscaal voordeel. Dergelijke professional kan ook heel goed de administratieve verantwoordelijkheden die betrokken zijn bij een vastgoedbelegging behandelen. Voltooiing en compileren van papierwerk zijn geen probleem voor managers van het bezit zo goed.

Hierboven vermeld zijn slechts enkele van de basisprincipes om uw belastingen gemakkelijker als een belegger, raadt Southbourne Tax Group u aan contact met hen opnemen voor verdere instructies.

Som en eiendom investor er har passende og korrekt selvangivelse viktig. Som et selskap som har briljant dedikasjon om gir skattetjenester til bedrifter og enkeltpersoner, forberedt Southbourne Tax Group noen enkle skatt tips for eiendomsinvestorer i å håndtere sine skatter.

Utleiere kommer ofte under inspeksjon når du sender inn selvangivelse, derfor er det viktig å ha en komplett og hensiktsmessig avkastning. Kontakt med regnskapsføreren din og diskutere viktige skattespørsmål for å identifisere hva som kan og ikke kan tilhøre en fradragsberettiget kostnad. Du kan sikre alle krav er legitime og hvor selvangivelsen er maksimert med dette.

Gjør din skatt enklere er mulig ved hjelp av moms spesialist, så bedre få sin profesjonelle service i dag. Nedenfor er flere tips gitt av Southbourne Tax Group.

Redusere betalbar skatt innebærer utligning netto tap generert av negative giring mot andre inntekter. Hvis en egenskap er tilgjengelig for leie, så som utleier, kan du kreve renter, men hvis for eksempel det er levd i et halvt år og deretter leide som en feriebolig for kan ikke den andre halvparten du kreve interessen i hele 12 måneder.

Kontroller at når avmerker forsikring, har du riktig dekning. Med standard hjem og innholdet forsikring sa eksperter at utleiere ikke dekkes for bestemt risiko involvert i eiendom investering.

Sikkert, har du kostnader du har rettmessig krav til, så sørg for at du ikke glemmer dem. Som sagt tidligere, er rådgivning regnskapsføreren din om hva som kan og kan ikke kreves før du sender din påstand avgjørende.

Som en av de Selvadministrerende utleiere, har kostnadene fra arbeider hjemme er vanlig, men glem ikke at du kan kreve noen av dem. Men husk du kan ikke kreve alle kostnadene inkludert fra arbeider hjemme som kjøper en datamaskin eller månedlige internettregninger, men en rimelig del av dette kan være fradragsberettiget.

Ansette en property manager også gir stor hjelp. Kostnadene inkludert i får sine tjenester kan bli en fradragsberettiget kostnad. De kan hjelpe deg med å spare tid fordi de kan opprette en potensiell skattefordel mens hjelpe organisasjonen også. Det er enkelt for dem å ta godt vare på administrative oppgaver som er involvert i en investeringseiendom. Kompilering og fullføre viktig papirarbeid? En property manager kan håndtere dem.

Skatt tid stress er ofte uunngåelig, men med de ovennevnte, kan du styre klar fra store skatt-tid stress som en eiendom investor. Holde kontakten med Southbourne Tax Group å forstå dette emnet bedre.

Ei vain millennials voivat hyötyä tämän postitse, mutta muita ammattilaisia, jotka ovat ottaa kova aika veronsa. Opintolaina, joitakin investointeja puolella hyörii yms tuhatvuotisen, sinulla on paljon taloudellista vastuuta harkita. Southbourne ryhmän tavoitteena on antaa runsaasti ohjeita käsittelyssä verot ja ilmoittaa ne seuraavasti.

Älä missaa määräaikaa. Hallita ja järjestää, näin valmistautua kaiken etukäteen. Voit täysin tallentaa veroja tai pyytää pidentäminen tai sen maksaminen lainan. Määräajan kuluessa ilman, että oikea ilmoitukset? Sitten odottaa seuraamuksia, korot ja myöhästymismaksuja.

Älkää unohtako oikea vero-ohjelmiston käyttöä. Ohjelmisto voi suuresti auttaa tuhatvuotisen jätettäessä veronsa. $ 64 000 tai vähemmän tuloja antoi ilmaisten ohjelmistojen IRS.

Älä unohda teidän puolella touhu kulut. Laitteet tai tarvikkeet käyttää puolella touhu kustannukset voidaan vähentää veroilmoituksessa vähentää veronalaista tuloa.

Älä jättää koulutuksen verosäästöjä. Oppia suurentamisen, koska se on enimmäkseen verovähennyskelpoisia. Vero ohjelmisto ollut ohjeita, joka voi tarjota joitakin auttaa, mutta tarvitset edelleen ammattilaisen apua ota veroasiantuntija. Luettelo alas kaikki korkea-asteen koulutuksen kulut tietää ne, olet pätevä.

Älä kohauttaa olkapäitä säästäjän luotolla. Motivoida ihmisiä laittaa rahansa poistotilillä IRS tarjoaa säästäjän luotto, jotka voivat vähentää veron lasku vuoden lopussa. Asetella brutto-ansio perustuu määrä olet pätevä.

Älkää unohtako Etsi kulut. Miksi? Koska tällaisia kuluja ovat verotuksessa vähennyskelpoisia, varmista, että se on nykyinen urasi alalla.

Tee laskelmat kiire. Se on koko läsnäoloa ja keskittymistä erottua perinteisestä ottaa virheistä. DIY vero ohjelma on myös sisäänrakennettuja ominaisuuksia, joiden avulla voit varmistaa veron tietojen paikkansapitävyys. Niin suuresti auttaa arkistointi veroja.

Älä kiirehdi ja tehdä kaikkea päivän määräajan. Määritä kaikki etukäteen kohden neuvonut Southbourne veroryhmä. Varata päivä sinulle kaikki mitä tarvitset arkistointi veroja tavalla eteenpäin ennen määräaikaa.

Edellä mainitut eivät ole vaikea seurata juuri? Southbourne ryhmä voi antaa sinulle perusteellinen kunkin, vain soita heille ja he ovat aina valmiita auttamaan sinua veroja.

5 Commercial Fraud Prevention Tips

This March marks the 13th anniversary of Fraud Prevention Month. While the annual program focuses on protecting the consumer, businesses should take advantage of the time to better educate themselves on commercial fraud. A recent poll of Canadian businesses found that half of them know or suspect that they have been hit by fraud in past year.

There are numerous ways that business fraud can occur in a transaction. It can occur from business to consumer or consumer to business. It can come from internal staff or external threats. But the one familiar element is that the party committing the fraud has acted dishonestly. Business fraud is more common in some industries than others. Banking and financial services, government, manufacturing, healthcare, education, and the retail sector are all industries that struggle with fraud. However, no commercial enterprise, big or small, is safe.

As a business insurance and risk management expert, Park Insurance is here to provide you with some helpful tips that could save you from the impending threat of commercial fraud.

5 Fraud Prevention Tips You Need to Apply to Your Business Today

1. Preparing for Commercial Cyber-fraud

It should come as no surprise that cybercrime headlines this list of commercial fraud prevention tips. But the fact that 50% of Canadian executives admit that their businesses were hacked last year is alarming. Credit card fraud, identity theft, account takeover and/or hijacking attempts are becoming so common that businesses are hiring full-time staff and/or consultants to monitor cyber security. Cyber-fraud occurs from internal (employees stealing corporate information) and external culprits alike and they are becoming more sophisticated with each passing month. Improved staff awareness, real-time software updates, enhanced backup protocol, and encrypted communications will help stave off sophisticated cyber-fraudsters. Follow these six tips to protecting your business from cyberattacks.

2. Pre-Employment Screening

Internal fraud is one of the most common forms of business fraud and is certainly one of the most impactful. Not only can it go undetected and occur over a long period of time, devastating your business financially, it can ruin your corporate culture. Trust is immediately lost. From this point forward, institute an improved pre-employment screening program that includes intensive backgrounds checks and more thorough reference checks. If fraud is a significant concern (you operate in one of the higher risk industries mentioned in the introduction) consider using a professional service that specializes in pre-employment screening. Some human resource recruiters offer specialized screening.

3. Improved Internal Accounting (w/Redundancy)

You may think that placing one person in charge of accounting, including the processing of payments and invoices, making bank deposits, handling petty cash and managing bank statements is smart because it provides a single point of responsibility. It’s not. It opens you up to internal fraud, should that employee/manager seek to do your business harm. Even if the individual can be trusted, they are at risk of being compromised. If they hold all of the chips, your business can be hit and decimated in one shot.

Instead, spread and/or rotate these duties amongst qualified staff. In addition, create redundancy when it comes to the accounting of all financials. This will allow you, for instance, to check duplicates of a month’s invoices and statements to ensure that the numbers match. Have separate parties check financial statements too, for added caution.

All of these improved internal accounting policies should be compiled and posted for all to see. If you do have an internal threat working within the company, they will be less likely to take harmful action if they know that these redundant checks and balances are in place.

4. Encourage Whistleblowing

Whistleblowing may seem like a dirty word when it comes to fostering a trusting corporate culture, but in the end your staff should see that it is nothing to worry about – if there is nothing to worry about. Institute an official fraud reporting protocol for staff, vendors and even customers/clients to anonymously report suspected fraudulent activities. It is essential that everyone involved receives a clear document that explains what constitutes fraud. It must also state that the process should never be used to air grievances, which can happen when there is friction between employees. Reports should be backed by facts and evidence. Lastly, it must be made clear to employees, vendors, and customers/clients that all reports are regarded as confidential without reprisal.

5. Secure Insurance to Hedge Business Risk of Fraud

For all of your efforts, fraud can still occur. You want to protect your business from this, hedging the risk of all damages that can come in the form of financial loss, liability, and innumerable other concerns. For a comprehensive and unbiased accounting of your existing policy, secure the services of an independent insurance broker with expertise in all forms of commercial crime and commercial liability insurance. Contact Park Insurance before your business joins the approximate 50% of Canadian businesses that have been hit by fraud.

Additional resources for business accounting tips are available here