Financial News Update
Thursday, October 6th, 2011
Our Future Economy Is Revealed…
Don’t worry, it’s all good! We all live in abundance of wealth. It is everywhere and all around us, each and every day! Therefore, it is virtually impossible for us to ever be in a recession. Please refer to this when you hear anyone speaking of our economy being in despair. It simply is not true. Let us consider all that was written and talked about in “The Secret”, along with many other great books. We bring about what we think about. I love our universe, along with all humanity. This includes loving our government.
Money For College — Most Students Do Get Financial Aid and So Can You
Saturday, October 1st, 2011
Trying to finance a college education can be a pretty daunting task these days. Somehow the college fund that we all should have started when our kids were three years old got spent during a period of unemployment before that child got out of grade school. Or even if those contributions got made we just did not believe the expenses would rise the way they have, and the college savings fund is, well, underfunded. Right now, when you add in tuition, fees, room, board, books and other expenses for a public 4 year university, and that is with resident tuition rates, it is easy to look at a bill that pushes ,000 a year! Multiply that K by 4 years, and you can see that a student, and his or her family, needs to come up with about ,000! A private school will cost even more, and many start at ,000 a year, or even more! Now consider that most families do not just have one child, but must help multiple kids get through school.
Small Businesses – Measuring Business Performance From The Financial Perspective
Thursday, September 22nd, 2011
Measuring your business performance from the financial perspective is an absolute must for any business, regardless of its size. It will pay entrepreneurs to become intimately familiar with the Key Performance Indicators used to measure, monitor and provide the actionable insights needed to keep your financial performance on track.
According to the creators of the Balanced Scorecard approach, Robert S. Kaplan and David P. Norton, there are four perspectives by which you should measure your business performance. The customer perspective, the financial perspective, the internal business processes and the learning and growth perspectives.
Financial News
Financial objectives and measures define the financial performance expected from the business strategy. If done correctly these objectives and their associated key performance indicators, should align with the strategic intent outlined in the business plan.
Financial and Medical Assistance for Families with Autistic Children
Sunday, September 18th, 2011
Having a child with Autism can be financially draining for the family.
Insurance is expensive and some insurance companies do not allow predisposed conditions in their coverage.
The cost to a family who have children with Autism can be staggering . Between treatments, specialized child care (if both parents are employed), or lost income, not to mention any medical conditions associated with their Autistic child, the cost is estimated according to channel 7 news to run over 3 million dollars for the lifetime of the child.
Financial News
Trying treatments to relieve the signs and symptoms of Autism have to be borne by the family as no insurance company will pay for any treatments that are not approved by a physician.
Personal Financial Planning – Tax Planning
Saturday, September 17th, 2011
The objective of tax planning is to arrange transactions to minimize tax legally. Tax evasion, on the other hand, involves the use of unlawful methods to eliminate tax. It is illegal and punishable by law.
The Basics (Who, What, When, Where, Why, How?)
Financial Planning
(1) Who?
Tax residents include:
- A Singapore citizen or permanent resident who resides permanently in Singapore;
- A foreigner who has worked in Singapore for 183 days or more.
(2) What?
- Total Income: Includes income from business, salary from employment and rental income.
- Assessable Income: Total income less deductible expenses and donations.
- Chargeable Income: Assessable income less qualifying reliefs.
- Tax Rebate: The reduction of the amount of tax payable.
The Goals and Methods of Financial Retirement Planning
Friday, September 16th, 2011
There are several aspects to retirement, and all of them need to be thought out extremely carefully. There is your health, your occupation, your emotional support and most importantly, the finance that you need to have worked out very carefully before you retire. Financial retirement planning is something that most people are doing actively today, to good use.
There are several people who simply put aside money every year as a method of saving on taxes. While this is bound to prove useful in the long run, this is not the most planned approach. It is important to have some goals and ideas in mind to help you plan for retirement better.
Financial Planning – A Planning to Achieve One’s Financial Goals
Sunday, September 11th, 2011
While one cannot predict the future, one should certainly be better prepared for it as all of us have our goals to be fulfilled at every stage of life and these goals will only be achieved if one has done the financial planning. So, its better to start planning now as prevention is always better than cure. It is a systematic approach whereby the financial planner maximizes customer’s existing financial resources by using the appropriate financial tools and investment vehicles to best achieve his financial goals and objectives.
Financial Aids For Needy College Students
Saturday, September 10th, 2011
One of the most desired commodities in our present technological age is quality higher education. But it is rather sad that the cost involved is often costly and hence beyond the reach of many people, and this is the reason why almost anyone who desires a degree must seek for some form of college financial aid. This article throws more light on this, to help you if you are looking for the right aid as a student in college.
In most cases, the office of counselors in the various high schools can provide the basic information many aspiring college students will require. But places like public libraries as well as the huge resource of the internet can serve as research tool for obtaining data on how to get the funds for college education.
How Long To Keep Your Financial Records?
Monday, September 5th, 2011
With spring around the corner and tax season upon us, now is a great time to de-clutter some of your financial records. But, you may be asking yourself, “How long do I need to keep my financial records?” Good question and one that my clients ask me all the time. The short answer is, “it depends”. Basically you should keep your records in 4 categories: Short-term Records, Mid-term Records, Long-term Records, and Permanent Records. I’ll highlight some of the biggies in each category, but you can use the chart for a more detailed list when sorting through your financial records.
Short-term Records
What Are the Financial Benefits of Starting an Online Business?
Tuesday, August 30th, 2011
It is all over the news and if you have missed it, the rock you have been under is larger than Texas. The economic downturn has affected all of us, some more than others through. In today’s tough economy people are looking for more financial benefits by starting an online business. Many people start looking for two reasons; they lost their job and are looking for a way to make a living or they are working on a Plan B. Plan B is your back up plan when Plan A does not deliver or is no longer a viable option. In this article we are going to go into a few benefits of starting an online business.
Cost Factor
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