Do you have a lot of money that you want to invest? If so, you may be wondering if investment management services are the right choice for you. Investment management is working with a financial professional to manage your investments. An advisor can help in areas such as choosing which investments to make, when to buy and sell them and how much risk you are willing to take on. By investing your money through a professional service, you can maximise its potential and see more significant returns in the long run.…
There is a lot of confusion about how much money people really need to be putting away for retirement, especially with many baby boomers approaching the age of retirement in the next few years. Here are some guidelines to help you work out how much you will need for retirement.
How old are you?
The magic of compound interest means that any money that you place into your superannuation when you are very young will be a significant amount by the time you retire—for example, if you place $1000 into an account at 18 and let it compound at 7% until you reach retirement at 65, it will be worth $24,045.…
Most individuals can file their taxes on their own, somewhat easily and without help from a professional. However, this isn’t always the best choice, even if you’ve been filing your own taxes for many years now. Note when and why it’s good to think about hiring an accountant for your personal taxes.
1. You’ve heard of changes in tax laws
It’s often very difficult for an individual who is not an accountant to keep up with changing laws regarding taxes, and it’s also not uncommon to misunderstand certain changes in those laws and how they affect you.…
If you have a business that has a lot of customers (high volume), but with low sales per customer, it can be very time-consuming for small business owners to recover debts. Here are some tips to help improve the efficiency of your debt collection efforts.
Automate your debt reporting
It is usually easier to get people back on track with their debt commitments if you can contact them while the debts are still very small.…
Posting an insurance broker bond is part of the insurance business. In the insurance industry, bonds protect consumers from fraudulent and unethical broker activities such as inflated premiums or fake insurance policies. For any insurance broker, being bonded signifies legal compliance and trustworthiness. Nonetheless, being bonded might seem an expensive and complicated endeavor. This is especially true if one isn’t familiar with the ins and outs of bond price formation. Fortunately, that shouldn’t be the case.…
