Use Your Valuables to Self-finance Your Business

Starting up a business is always difficult for various reasons, and the financing is one of them. You may or may not have the cash to bring your dream company to life. However, you need to know why you should take precautions to save up as much as you can in order to self-finance your business, even if you decide to take a loan to cover the remaining startup costs. There are many ways in which you can self-finance, however, this article will only focus on one of the many ways, which is to use your valuables for that purpose.

Use Your Valuables to Self-finance Your Business

Why should you self-finance?

If you thought that you would be able to finance your company solely by borrowing money from the cash or any financial lending institutions, well, think again. Although you can get money from places as such, there is a very good possibility that you might not get the money from them. They don’t easily give loans for the startup of new businesses, as it is a risky investment. That said, if you can’t even contribute even a fraction of your own money for your start up, why should they?

Think about it, no matter which financial institution you go to, they will ask you about how much money you will be willing to invest in your own business, and if you don’t invest enough or at all, then they won’t either. Why should they invest in your business idea when you yourself don’t have enough faith in it? See, so even if you plan on taking a loan, you can’t expect financial institutions to pay for the whole thing. You still need to invest some from yourself before they can, and you need to let them know that you have enough faith in your business.

Using valuables to self-finance

As mentioned earlier, you need to put in a little money from your behalf, even if you plan on taking a loan. This is precisely the reason why you need to save up as much as you possibly can for this. However, if that isn’t possible or not enough, then see how much money you have in terms of valuables and assets. You’ll be surprised, as chances are, you may have more money that you think you do.

You might have rolex watches that have been passed down through generations, for example, or you may have gold bullions or precious gems and jewelry that you’ll be able to use. No matter what it may be, if you have something precious that you will be able to use to finance your business, then do not hesitate to do so. You need to have enough confidence in your abilities as an entrepreneur if you want your business to succeed, as otherwise, what is the point of you starting up a business at all?

There are many other ways of financing a business as well, and if you want to learn more, read

What to avoid when applying for a mortgage with your charity?

Running a charity can be a hectic and often thankless job. There are so many different areas that you need to give attention to that the whole process can sometimes become a bit overwhelming. It is easy to lose sight of important things such as applying for a mortgage as a result. You do not want to be so focused on other things that you commit a costly error when it comes to your charities’ mortgage.

Despite the fact that mortgage lenders have started to increase the number of mortgages they now removed, since the recent mortgage crisis has ended, they have learn some of the lessons that the crisis taught them. They are selective on who they provide financing to, meaning that you have to be on top of your game when you are meeting with the bank manager in order to gain approval for a mortgage.

There are some common mistakes that people make when they are applying for a mortgage. Here are some of those mistakes that you should avoid.


Having a poor credit rating

No matter if you arelending money to a friend, or you are a large bank providing millions of dollars in investment, the lender never wants to lend to someone who will more than likely struggle to pay them back. If the mortgage broker sees that you have missed repayments on other debt that you have in the past, they will be very sceptical on your ability to meet mortgage repaymentsin the future.

By failing to do so, your credit score will be negatively affected. It can take many years for your credit score to recover from these problems as aresult. By working with a mortgage broker Melbourne, you will understand these pitfalls better.

Having a significant amount of outstanding debt

When someone has a large amount of outstanding debt, this is often a warning sign to the lender that the applicant is comfortable having large amounts of debt at any period of time, and they maynot be as concerned with the consequences of missing a payment. If you are paying a large amount of debt back every month, you may not be in a position to consistently and comfortably add mortgage repayments on top of this existing debt.

Therefore, in the months leading up to the mortgage application, you should focus on repaying as much of your existing debt as you possibly can. You should never have multiple credit cards at any one time, as this allows the lender to see how much you use credit on a daily basis.

Having only recently started the charity

IF a person has only recently become self-employed or left a steady job to take on a challenging position, the lender can often look unfavourably on them. People who are self-employed or who have taken up a risky position will often have widely fluctuating income on a month to month basis, meaning that their reliability in terms of making repayments could be affected. If you have only been in this position for a few months, the lender may decide to decline your application.

Save Time and Money by Studying Online

The internet opened an entire new world for us. New businesses like online stores and online courses were able to begin. People were able to access information easily and a lot of individuals are working full time from their homes through the internet. The reason online businesses are working so effective is because it saves people a lot of money and time.

How studying online can save you money

Transportation costs – The courses can be accessed from the comfort of your home. There is no need for you to travel to colleges or universities. The only travelling requirements you might have is to attend the final exam.

Course fees – Online courses are a lot cheaper than college and university courses because there are no lectures, cleaners, wardens and principle salaries to pay. There is also no school grounds required. You can only expect to pay a freelance teacher if he or she has to attend an online class and help explain something for you.

Gear – You don’t need any books, briefcases, uniforms or handbooks. All you need is a computer or laptop and an internet connection and you are well on your way to become qualified.

Added extras – A lot of online courses will supply you with some freebees like free online classes, free educational apps, free registration and free assistance.

Study part time – Not everyone can afford to quit their day jobs and study full time. Online classes will allow you to work and study at the same time. You will earn a salary and gain a qualification without sacrifice.

Discounts – A lot of online companies will provide students with fantastic course discounts which hardly ever happen at colleges and universities.

Save Time and Money by Studying Online

The most financial secure career to pursue

One of the best careers you can invest in is accounting. CPA’s (Certified Public Accountants) are the most sought after employees because they are needed in almost every business sector. Medical firms, government sectors, military sectors and corporate worlds love to hire CPA’s to help them manage their finances and do all their bookkeeping and taxes. With a CPA qualification you are bound to find a job in even the smallest of towns and you can say goodbye to anyone who treats you unfairly because you will be able to find employment elsewhere easily.

How to become a CPA

There are two leading companies that provide the best CPA courses you can take. Wiley’s CPAexcel course and Becker’s review course. Both courses are completely online which means you can take the course from anywhere and still enjoy a personal tutor. Some argue that the CPAexcel course is more affordable than the Becker despite the fact that they both offer a comprehensive courses and fantastic video tutorials to help you master your exams easily.

What to expect from CPA online curses

The courses include a lot of fantastic video tutorials that will explain everything there is to know about accounting. There are also online tests you can take to help you remember the aspects of accounting better and you can arrange your government approved test online and seek the examination location closest to you.

Useful advice on how to negotiate the best starting salary for your job

In the not so distant past, jobs were hard to come by and there were a huge amount of demand for every job position. These days, there is more of a demand for employees, meaning that you can be pickier about what job you accept. You are also in a better position to negotiate on your starting salary package.

If you were lucky to get a job in the first place, you would not want to jeopardise the position by trying to get a higher salary right off the bat. However, if you have been actively sought after by a company, you are in a strong position when it comes to negotiating a better salary. Here is some advice that will help you to do that.

best starting salary

Completely understand the job

You would be amazed at the amount of people who apply and accept jobs when they don’t understand what exactly the position entails. In order to come up with an estimate of what you feel that you should be paid, break down the job position into a few different areas. List all of the responsibilities, expectations and requirements that the job entails. By knowing these factors, you will get a better picture of what type of work you will be involved with and the stress levels of the job at hand.

Before you go into a meeting to discuss salary, you should be well versed on the company’s procedures when it comes to salary and pay increases. Every business conducts these things their own way, so if you are unsure, you should ask the person about the process. Learn about how the business will review the performance of employees, as well as how pay rises and promotions will be given.

You should be going into the interviewing process armed with the necessary salary information of the company’s competitors, as well as the industry as a whole. This puts you in a better negotiating position, as you have the exact details of what you can expect. A lot of companies require certain qualifications or certifications, in order for you to reach a certain salary level e.g. you may earn more if you are earning a certification online.

Know your strengths

Just like when you have to promote yourself in a positive light when you want to win the job in the first place, you should once again highlight how you are different from all other employees. What strengths do you bring to the table that are unique and highly sought after? You can use these strengths during the negotiation process to leverage yourself to a better salary.

You should always have a number in mind that is your walk away point. As you have your target salary nailed down in your mind, you need to have a bottom range as to what you are willing to accept. You should write down the reasons as to why you would not accept any lower than this amount, and outline them to the company if needs be.

Using a Business Software: Increase Productivity, Save Money

Productivity in business can be achieved if your overall business strategy is organized and plan driven. According to your business objectives, you need to mobilize your employees to work in teams and make the best out of the assigned time. In other words, flawless execution is the key to business productivity.

Besides, there is also the need to make economic decisions when it comes to ensuring a profitable business. It does not necessarily mean cutting down costs from all sectors imaginable, saving money involves having an efficient management system that will help you save much time and money in the long run.

Using a Business Software: Increase Productivity, Save Money

This is where the use of business oriented software comes into play. In this article, we help you understand the need for a software specialized for your business so that you can get both profits and productivity out of your office.

Where to start

At present, there are many software companies that provide effective, customized business oriented software solutions for you. To get started with the services, you may first consult with them to know what kind of service they can provide. There are also certain project management software packages available for free or for a subscription online.

For example, healthcare related organizations can opt for software that improves service and streamlines workflow to maximize the efficiency of the organization. This allows doctors, different groups, health care plans etc. to avail a full range of support regarding practices and specializations. To get such a software package for your business, here is more info.

What to expect

A business software package is primarily a tool that you and your employees can access to get information from.

Understand that such a software will be storing sensitive data and the many databases that store them. There should be an efficient login system that is secure and responsive for all levels of employees. Such software’s should also be responsible for preparing balance sheets and accounts information of your firm.

Progress report

If you opt for a software, it will save you valuable time that you spend inquiring about the status of a project. With the software tool, you can simply check the status online as everyone would be updating their progress in the platform.


Having web based software is a better option rather than having a desktop based one, as this allows a certain amount of flexibility. With the click of a mouse or tap on the screen, you can access important records and information anywhere. The chance of work getting delayed due to inability to attend office is also reduced.

Growing business needs

We all start small at one point in life, it is not necessary that your small business will forever remain small. Rather, a software package will also grow with your business. Web based business software solutions can easily accommodate an increased number of employees, processes and resources.


It is important that your software service provider takes care of data backup, upgrades and storage even after selling you the product. Through the servers of the service provider, your business will be up to date.

Read more about business software and software solutions here-

How You Can Save Money Efficiently

There are a lot of things that we would love to do but usually cannot because we are bothered by the simple things. Usually, there are some things that we focus on so much that we forget about the simple things such as the fact that we need to save money efficiently.

How You Can Save Money Efficiently

You know very well that you should save money but try as you might; you are just unable to do it appropriately probably because you are always tempted to purchase new things. Another possible thing is that you are just not getting enough money for all of your expenses. If you know that you are earning enough for the type of life that you would like to live, making sure that you can save money efficiently is still highly important. How do you think will you be able to do that?

For some reason people spent a lot of money to build ultimate home security system to prevent threat. One of the main sections of the part security system is your gates, fences and windows with various types as you can see at Boardwalk. This not only make your home secure but also make your home more fascinating looks.

Here are some of the things that you can do so that you can save the money efficiently.

  1. Place a percentage of the money that you have earned in a different place. It will be similar to paying yourself for all the hard work that you have done to earn the money. You know that this is one of the ways by which you can save your own money.
  2. Set aside the money that you would use for expenses. This is one way by which you can keep track of the money that you are going to spend. It will also help if you could list down the expenses one by one so that you will know what you are spending on appropriately.
  3. You may want to avoid the use of your credit card first. You have to remember that when you use your credit card, you are only acquiring new debt again. You should not do that because this will only leave you with more debt than what you can manage. Remember not to purchase something that you will not be able to pay the next time that you do it.
  4. Your saving goals should be workable depending on your budget and the type of money that you get every month. If you have some serious goals that you know you cannot achieve just yet, you may want to start with small goals first to make you feel better and eventually get to your big goals already.
  5. Follow a certain time frame. You may want to make sure that you will set a time frame for the things that you would like to purchase. This will allow the goal to be easier to work with.

With all of these things in mind, you can be sure that saving will be a whole lot easier than what you have expected.

Outline of Tax Return in Australia

Generally, the due for tax returns in Australia is scheduled every October 31st for the year that ends on June 30th within the same calendar year. This means that the financial year would run from July 1st until June 30th. This is not the same like what the US has of which the fiscal year is from October 1st until September 30th. Of course, the due date extensions are also given. This is particularly intended for those whose tax return is submitted through a tax agent. The tax returns can be submitted through post or electronic method with the help of the software known as ATO e-Tax.

Outline of Tax Return in Australia

The taxation system of Australia can be considered quite complicated. This is a thought that is supported by the reality that around 80% of Australian hires a tax agent so as to get assistance for tax return preparation. Read—How-the-Tax-Return-Process-Works&id=1940136

The businesses in Australia are also required to settle their taxes of all levels. This includes taxes if local, state and federal level. These are taxes to cover for the public service delivery like road maintenance and for hospital system.

The tax law in the country has stringent requirements in terms of tax returns. Returns should be submitted by the business structure and its operating conditions.

Income Tax

Australian Federal Government imposed the income tax. It is consistent across the states. Before WW2, it was the state government who imposed income tax. This serves as the most essential tax that gives the greatest contribution to the revenue of the public.

A company needs to lodge their tax return. The company’s income tax is no t the same as the personal income tax of each person. In the return, it will show information about the net income of the company. This is the amount of the income minus the allowed deductions.

The Trust needs to lodge tax return of trust to specify the income. The expenses and deductions are not included. The trust beneficiaries should report any sort of benefit or income acquired from the trust. This would include the income of the wages, rental income and dividends as well.

The partnership should submit partnership tax return. This would include the net income acquired that can be computed through the subtraction of the deductions and expenses from the gross amount of income. Aside from that, each partner needs to report their share of the partnership income, wage, dividends and rental income as well. This will be on their individual tax return filed.

The sole traders are those who operate their business in the owner’s name. Their income that is taxable or loss should be reported in their own return. Also, they need to file for other form of income like any wages, rental income, and dividends less the allowed deductions that will be claimed against these figures.

The partnership and sole trader tax returns are both needed to promote the income as individual and not as a corporate entity. The individual taxes are computed on a progressive scale and not similar to the tax rate of corporate level that is a flat percentage across the entire income range.

How to Do Your Taxes: Basic Guide for Beginners

While April (the tax month) may seem far away, it’s important to think about your taxes today. This is especially true if this is your first time to file. Filing of tax is not a simple process. It requires a lot of planning, thinking, and computing. And if you’re new, you might get overwhelmed with the process, which can result to making costly mistakes. That’s why it’s better to get prepared before the tax season comes. The following are some tips to help you prepare and ensure that your taxes get done properly.

Do Your Taxes

Familiarize yourself with the language.

One of the many things that makes the tax filing so hard is the tax language. Even if you have the forms at your hands and complete documents at your side, if you don’t understand what a withholding allowance or even a tax refund is, you’ll get a difficult time to do your taxes. So before doing anything else, learn first the different terms involved in tax. Some of the basic terms that you should know are the following: taxable income, withholding allowance, tax refund, tax exemption, tax bracket, and tax deductions.

Organize your documents.

Before the tax season approaches, you should have all the required documents ready and in order. This will help you make the filing much easier because you will no longer need to dig through your files, which can be time-consuming and frustrating. In addition, having your tax records and documents ready will give you the ability to spot errors sooner and figure out if something is still missing. Depending on your specific financial situation, these documents can include W-2s, 1099-MISC, 1099-Bs, 1098s, receipts from your medical expenses, and records from your IRA contributions

Learn about tax rules.

There’s no need for you to be a tax expert, but it pays to have some knowledge about tax rules. Keep in mind that tax rules and codes change frequently; if you fail to follow the correct tax rules, you will be charged costly penalties. And if you know the rules, you’ll also become aware about the available benefits that you can claim. So before you file your tax return, it’s a great idea to update your tax knowledge to determine if there are tax credits you can claim and how much are you going to deduct on your return.

Consider getting professional help.

As you know, tax filing is complex. And this is not to mention the complicated tax rules that you need to understand. If you find yourself having a difficult time to do your own taxes, you can consider getting help from the experts. Yes, it will cost you a little bit of money, but it’s an investment that’s worth making since it will help you do your taxes properly. When you hire a professional, you’ll less likely make an error, which can save you thousands of dollars in the long term.

For more information about taxes, as well as further guide on how to prepare and file your tax returns, visit

Choosing the Right Payroll Service for Your Business

Deciding how often you pay your employees and figuring out how much you pay them can be one of the most complex jobs when running a small business. While at first it may seem like a simple task to do, you’ll soon realize that there are so many things that you should take into account. As an employer, you cannot just simply track how many hours your employees work each day and then hand them their paychecks.

A lot goes into getting your employees paid. In order to determine the right wage, you have to consider a lot of factors, such as their age, their qualifications, their responsibilities, where they live, where your business is, and what kind of industry you’re in. You also have to determine their base rates, their allowances, their overtime and penalty rates, their rates per hour, and so on. And this is not to mention the need to comply with the constantly changing tax laws.

But while effectively handling your payroll is important, this shouldn’t take a lot of your effort and time. That’s why a lot of business owners today are turning to outsourced payroll services. Whether your business has one or more employees, hiring a payroll service is essential. But remember, each business is different so it’s important to get the service that perfectly fits your business. Here’s a guide to help you choose the right one.

Payroll Service

Determine Your Needs

Before you begin your search, you must ask yourself first what you will need from a payroll service provider. Remember that payroll service companies offer different kinds of services, so you should select the company that offers what you need. Essentially, there are three things that a payroll service company should do for you: it pays your employees, files your payroll taxes, and pays your payroll taxes accurately and timely. In case you need additional services, such as managing pension plan contributions and other deductions, handling different state and federal taxes, as well as issuing direct deposit checks, the payroll service company should know how to do it for you.

Ask For Recommendations

With the advent of technology and internet, finding different goods and services becomes easy with just a click of your fingertips. But the hard part is choosing which of these services provide the best service. When you type “payroll service” in your search browser, you’ll get millions of results, which can be overwhelming. The best and smartest way to get started is to get a referral from someone you trust. Talk with your CPA or lawyer, and ask if they can refer someone who can meet your business needs. It’s also a great idea to try getting recommendations from similar business in your area. Most business owners will be more than happy to meet with you and help you in any way they can.

Know Their Service Cost

Although price isn’t everything, you have to know and understand what you will be charged for the services the company will provide, and if how much you will pay for additional services, in case you needed them. Payroll service companies offer different types of services with different payment structures. Majority of payroll service providers charge a monthly subscription fee and some companies charge a flat-fee with additional payment per transaction. You have to know what and how you will be charged for their service. It’s a good idea to compare prices of different companies to know your options.

Choose the Company You Can Trust

As a business owner, you know that payroll information are sensitive and important, so you would want to make sure that you give it to the right person. Look for an established and reputable payroll company with a strong background history, honest client testimonials, and a solid working reputation. List all your prospective choices, and then make a thorough research about them. Look on their website, check different forums, and ask their past clients. Make sure that the company you choose also has a reliable customer service to help you in case you have question or you encounter a problem.

For price quotes and other payroll information, visit

How can a virtual bookkeeper help?

Many business owners are quite mindful of their business. Considering that the business is the source of their living, taking good care of it by all means is definitely a must. If there is one thing that most business owners should hire for their business, it would be a bookkeeper. Good thing, in today’s revolutionary world, bookkeeper can even be acquired virtually. It means hiring a freelancer to work for your company even he or she is not physically seen in your office. Some considerations when looking to hire one can be found below.

  • The use of accounting software or program. If your company does make use of software or program such as Peachtree or Quickbooks, it would be worthwhile to ensure that your freelance bookkeeper also uses the same. Both your version should be the same. This consideration matters so as the job can be done smoothly. With such, you may be able to restore similar file from an old version of software going to the new updated version.
  • Another thing is the use of Quickbooks online. With this, up to three users have the capability to use the account. It is between the business owner, accountant and the bookkeeper. Since it is online, only an internet access is needed so as to get access to it and use it.
  • The use of remote access websites. By making use of this option, you can have your freelance bookkeeper update your files and records when needed by logging on a computer.

Aside from the aforementioned factors, there are also other things to look on. This would be the concern relating to getting the information to the bookkeeper. With this, it can be addressed by:

  • File folder set up on a monthly basis. This needs manual entering of details like receipts of credit card purchases, bills from the vendor as well as the cash outlays. As with bank statements, you can safely send it through priority mail. By the time that the mail is received, the entered charges from the bills can be reconciled with the statement. Read more—How-Outsourcing-Can-Benefit&id=1241751
  • As for the invoices of the client, it can be sent through email, fax or regular mail. Such invoices are required so as to prepare the invoice of the client.
  • Business owners with online banking account can get the utmost use of a virtual bookkeeper. This is because your bank activity can easily be accessed and print at anytime. Then along with the statement, the bookkeeper is able to do account reconciliation.

The last consideration would be selecting the bookkeeper. Although there can be too many freelancers around that offer the same service, it can be a challenge to quickly select the best one. Hence, you may want to get referrals and recommendations from your accountant or from other people you know who might be familiar with the service that you need. Another is to read reviews and feedbacks online. By doing such, you can get to know the best one for the position.