Business Advice

Why Using Online Accounting Services Can Positively Impact A Landscaping Business

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Why Using Online Accounting Services Can Positively Impact A Landscaping Business

Businesses that hope to be profitable must recognize the many online services and applications that can help them, including landscapers who run their businesses.  

Landscaping experts from intreeglandscapes.com.au advise that although much of their work is done in the offline world, and specifically in gardens, that does not obscure the fact that they can run their business more efficiently and thus help to make it more profitable if they take advantage of the many online business services that exist.

One such service that not just landscapers but every type of business can benefit from is online accounting. We have to add this is not where you have an accountant sitting online and manually completing your accounts.

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Finance Advice

7 Steps Of Investment Planning For Business Owners

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7 Steps Of Investment Planning For Business Owners

As a business owner, you know as well as anyone that success requires careful planning and a process being implemented and followed that makes sense.

If we take that same principle into the world of investment planning, a financial planner will almost certainly be telling their clients that to realise a decent return on their investment, the same need for planning and a logical series of steps is just as important.

To take that a stage further you need to consider how you, as a business owner, might wish to take the same sound principles you follow when running your business and apply them to your investment planning.

The solution is simple and that is to follow the seven steps we have outlined for you below.

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Finance Advice

What Types Of Super Funds Are Out There?

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Types Of Super Funds

When it comes to super, a lot of people don’t really know how their funds are being managed. Although most decent accountants can advise you on what you should be doing with your super, it is important to have a decent understanding of the Australian super system.

Although it is very difficult to access your super before you retire, you can choose how and where it is invested. If you have a substantial amount of super, then you should definitely consider looking into the types of super funds out there. Choosing one which suits your personal situation can cause your super account to grow substantially over time. Some of the more popular super fund options include:

My Super:

My super is a government run superannuation program designed to become the default fund for people working for new employers. It has relatively low fees when compared to most other types of funds, making it a good choice for people with low super balances. However, it only provides basic insurance cover and one investment plan.

Industry Super Funds:

Most industry super funds were developed by trade corporations or members of a specific industry to provide super investment services to workers in that industry. Most industry super funds work on a not for profit basis, which means that your fees are generally small. A lot of larger industry super funds are now open for public investment, and some people argue that they have higher returns than other types of fund. Note that investment options are usually limited to a few choices with industry funds.

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Finance Advice

Salary Sacrificing vs. Paying Down the Mortgage

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Salary Sacrifice

Many financial planners agree that salary sacrificing is an excellent way to save and avoid paying high levels of tax, at least on some of your income, but is it really better than paying down your mortgage?  Andep Financial planning advice usually offers many ways to save money and reduce your costs; but whether this is one of them will depend on your specific circumstances.

For instance, if you are in a very high tax bracket, it can certainly pay you to salary sacrifice, especially if having done that, your income is then in a lower tax bracket level.  But it is not always the best thing to do as far as making the most of your dollars goes. It absolutely depends on your individual circumstances, which is why it is best to consult with a financial advisor; one who works independently of any company such as a bank.

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