Anyone who has considered running his own business may have thought about being a sole trader. Often called a sole proprietor, a sole trader can set up a business easily. Cheaper, quicker and more straightforward than incorporation, sole proprietorships are popular in the UK. Considerations Sole traders have full control over how their businesses are run. Any profits made and all of the assets of the business are owned by the sole trader. Although this…
Some people are uncertain whether or not they should take out a life insurance policy. They may wonder whether the expense of paying premiums on such a policy are genuinely worth the benefits – benefits which will only appear after the policy holder dies. The ones who profit from life insurance are people dependent on the policy holder. Therefore the question of whether or not to take out life insurance largely boils down to questions…
The tough economy has made unemployed people rethink ways of making money. There are many business opportunities out there that can be explored by interested individuals especially those who are tired of living from paycheck to paycheck. The requirement before joining an opportunity is that one do adequate research that will be beneficial to them. One of the things to do when looking for a business opportunity is to engage in a start-up, which can…
The word “Forensic” means legal and exploratory. It may surprise you by affixing the word “Accounting” next to Forensic. Forensic Accounting focuses on fraud investigation by studying companies’ accounting practices and histories, thus identifying fraudulent works and financial irregularities, if any. So to put simple, Forensic Accountancy integrates accounting, auditing and investigative skills together. Forensic Accounting is the fastest growing sector in accounting today and there is a big demand for Forensic Accountants. What does…
In Robert Kiyoshaki’s Cashflow system, Investors are the top on the financial chain, they rule the financial world, they just sit down and relax, while their money works for them. The Business owners still do a lot of work by monitoring his business, while the investor pumps money into his business to watch for him, and the bad news, they share the profit together. At a point as an Employee, you are faced with retirement…
Winter is fast approaching, and given the current weather, it’s likely to get even colder and wetter over the next few months. With this in mind, it’s important to start planning for ways to save money during the Winter. These ways can range from lowering energy bills to investigating where you’re due a tax rebate in the New Year, through to adjusting your driver habits, checking for winter allowances, and choosing the right kind of…
