A lot of business men and women of smaller companies such as home companies can quite easily get away with doing their own books for the most part of the year if they have moderate accounting knowledge. But when your company has other investments such as property or other companies or if you are using your company to play the stock market, it can be a bit tough to explain all your earnings and to do your taxes correctly. Bookkeepers in Melbourne is the perfect solution to companies with multiple investments because they can do the hard thinking for you while you do the more fun part of your business such as playing the penny market to maximize your business interest.
Why your business should only trust professional bookkeepers
It is good for your business to have multiple investments because your business has a much more secure foundation and you could grow much more rapidly if you are incredibly good at stock trading. When you are looking for a bookkeeper you should much rather opt for a professional bookkeeping service rather than trust a personal bookkeeper because it happens quite often that bookkeepers are either inadequate or dishonest and could cause a lot of harm to your business. Bookkeeping companies have the needed skill, experience that will ensure that your books are kept the right way. They also rely on their company image which is why all of your company’s financial information will be handled as honest as possible.
Bookkeepers can do so much more for your company
Your bookkeeper doesn’t just have the right skill to process the accounting on your multiple investments. They can do a lot more for your company and in doing so free your hands from hard work so you can be stress free when you focus on your business.
General accounting – Bookkeepers can organize your books for you and they can do all of your accounting, auditing and tax returns for you. You can also enjoy great onsite service if you need someone to collect the data from your office in person or do your accounting in office or you can enjoy their offsite services and simply email or drop all the paperwork off after which it will be done for you.
Payroll services – You don’t have to spend hours on processing timesheets anymore because the bookkeeper’s payroll services will do all the calculations for you. They can even create you personalized pay slips so your employees will understand exactly how much they are earning and see what their money is deducted for.
It is time to stop struggling with your businesses difficult accounting processes by getting help. A skilled bookkeeping company will know exactly how to do the accounting for all the different sections of your business so you will be taxed right, so your employees will be paid right and on time and so you can file for the right tax returns and be completely honest in your service delivery. With the help of a bookkeeper your business will never get in trouble by operating illegally.
The stock market is great fun because you can earn so much more from your initial investment if you have a good eye and ear for economic trends. And as you probably know, the higher the risks the better your winnings or earnings are when you are playing the penny or stock market. To be truly good at stock you need to know when to quit and the best way to quit is to take your stock market earnings and to use it in a low risk investment such as property investments.
Why property investments specifically?
Property is one of the most secure investments that you can make because property is and will always be high in demand. If you choose your property locations wisely then there are minimal risks involved in property and you can one day be looking at a good and steady income for little or no work at all.
Get a SMSF
A self managed super fund (SMSF) is a trust that you should set up through which you can secure and operate your property investments. There are five main benefits to getting a SMSF.
- You can include up to four trustees in the SMSF who can pool together their assets so they can obtain a bigger loan through the SMSF.
- All trustees share the responsibility of the SMSF and all members benefit from it in the end.
- In the last six years, SMSF have proven to have a much greater return rate than other loans or mortgages.
- Mortgages through a SMSF are much more affordable to the trustees.
- All of the accounting, auditing and tax returns can be managed by the SMSF creator so you can be hands free to enjoy life.
Next you need to get a loan
Once your SMSF is set up and your trustees have been chosen, you and the members have to decide on a property and have to get a loan for your SMSF through a mortgage broker so you can buy your first property.
It is important to plan wisely
You have to make sure that your long term plan is accurate and secure so you and the trustees don’t end up with a greater mortgage than you can afford. You can also consider other types of investments or simply stick to property.
You should expand your property investments the moment you are able to because only through expansions will all the trustees be able to benefit from the SMSF.
Start earning cash
Most SMSF’s are created with the sole purpose to start earning when you and your fellow trustees retire. You can however start earning from the age of 55 by becoming a partial employee at your own SMSF. Once you have retired, you will get an agreed withdrawal amount that is fair compared to your initial investment.
Property investments through an SMSF is the best way for you to retire from the risky stock market and to create a secure financial future for yourself so you can live comfortably and completely stress free.
Playing the stock market or the penny market can be extremely rewarding if you know what you are doing but it can also be quite time consuming because you have to constantly monitor your earnings, losses and you have to keep trend with economic changes. The moment you lose sight of your investments, you stand a good chance of losing some cash. A lot of people have their hands full with playing the stock market simply because they do it as a hobby during their off time at work. If work and the stock market are already taking up a lot of your time then it can be hard to find the time to get your tax returns done before the due date. Luckily someone can do your tax for you so you never have to worry about your taxes.
Get the best tax return company
If you want reliable service then you need to find a reliable tax return company to do your taxes for you. Tax Return 24/7 is a unique company that specializes in tax returns. They can get your tax returns done over the phone in ten minutes so you never have to miss an investment opportunity so you can make money on the stock market.
How does the tax return company work?
One of the biggest benefits of using a fantastic company like Tax Return 24/7 is the fact that you don’t even have to spend a penny on phone calls. You can simply log onto their site and click on a link after which one of their call agents will contact you. They are open 24 hours a day so you can get your taxes done at any moment of the day or night. They are also completely transparent about their services for example;
Calculate your refund online – You don’t have to worry what your tax refund will be because you can calculate it online.
Company tax returns – Tax Return 24/7 also helps companies with their tax returns and offer tailor fit packages that are sure to suit your business needs.
They guarantee a maximum refund – You can get the biggest possible tax refund when you use this experienced company.
You know the company fee – Tax return 24/7 takes $99 from the refund fee once your tax returns have been processed.
Basically all you have to do is explain your needs to the consultant who is going to phone you. You can also contact them via email if you prefer. Once they have your query, they can get your tax returns processed over the phone in 10 minutes.
It is always better to get a professional and skilled tax return company to handle your tax returns so you can receive the biggest possible refund and so you can be sure that your returns are done correctly. You also don’t have to waste any of your precious time on your tax returns and you don’t have to make time for your taxes since you can get it done even in the middle of the night should that be the only time you have.
For millions they think the penny market is the best stock investment option today. Many look at this when they first dig their toe into the investment market because they think it’s the best way forward. However, investing in any stocks can be extremely tough and penny stocks are the same. You may think penny stocks are the way for you but they might be the wrong option entirely. The following are a few reasons as to why you shouldn’t play the penny market.
Even the Experts Avoid the Penny Stocks
Investors, seasoned investors, continue to turn away from the penny market which should give you a big indication of stepping away from the idea. Penny stocks can appear fun and relatively less risky but in reality they can be just as risky as other stock investment options. You have a variety of stocks available but penny stocks are quite difficult to handle. It may be best to avoid this market especially if you haven’t gotten a lot of investment experience.
Your Limited to 3 Day Trades Per Week
If you don’t have thousands and thousands of dollars to trade with, you actually have certain limits. This is not only troubling but extremely tough because if you make your three day trades and want to sell or buy more, your hands are tied. It isn’t ideal for anyone which is why you shouldn’t take up penny stocks. They aren’t perfect at the best of times and if you have a small investment pot to work with, then the limitations can be frustrating. Of course, if you have over twenty five thousand dollars to invest with then you don’t have limitations but still there are many problems to deal with.
Harder To Find a Buyer for Your Stocks
To be honest, when it comes to buying penny stocks, it’s very easy but selling them on is much harder. You have to find a buyer for your stocks and this isn’t easy at all because the market isn’t huge. This means the buyer market is extremely small and it could potentially take you weeks to sell the stocks on but by the time you do, you could end up taking a loss. You don’t want to lose money, even if it’s only a few dollars but every loss adds up. That is why you really shouldn’t play within the penny market. This isn’t an easy market to be a part of and you will soon see how difficult it can become.
The Penny Market Is a Risky Option
Buying penny stocks can be extremely appealing simply because of the low investment risk but in reality the risks are high. Investing in penny stocks aren’t always the best solution for you simply because the risks come in full force. When you are thinking about investing in the penny stock market, you need to know the risks and understand this may not be the right way forward. Investing opens up a lot of doors but penny stocks aren’t always the right solution.
Businesses around the world contemplate investing in stocks and it isn’t hard to see why. Stocks could potentially offer some wonderful returns but while you can see a nice profit, you might see little. Unfortunately investing in stocks can be really difficult because this is a vast field. However, should your business invest in stocks today?
Stocks Can Be Profitable – If They Work Out
First and foremost, everyone should be aware of the fact investing in stocks can be both risky and good. If you need to know more you should check out our best article here. Stocks are easy to invest in and there are thousands of different stocks for you to consider. Many people can see positive results from their investments; and they can be extremely profitable also. However, there is a downside – not all stocks will come in. Stocks are highly profitable but only if they work out and there is the chance they won’t. This is something you have to be fully aware of before your business even begins to think about stock investments.
Always Conduct Proper Research
Doing your home before investing in stocks can pay-off when it comes to stock trading safety; and if you aren’t prepared to research, investing isn’t for you. Remember, anyone can invest but that doesn’t automatically mean it’s the right move for your business. When it comes to the question of whether your business should invest in stocks, it really comes down to what you plan to invest in. Some stocks are more reliable than others and if you’re fully prepared to research potential stocks, the risks can be minimized. Of course, the risks are always there but researching can stop you from making a bad mistake.
Should Your Business Invest?
In a sense yes and in a sense no. Unfortunately it is almost impossible to say for certainty your business should invest simply because every business runs differently. New and small businesses should definitely avoid investing in stocks and even some bigger businesses too. The stock market is a vast marketplace and one which constantly changes. You can also checkout this link:http://www.forbes.com/sites/maggiemcgrath/2013/10/22/how-much-of-your-companys-stock-is-too-much/#72e090c62742 for more information. If you take a risk and lose big, it could be the end of your business. That is why you have to fully understand the risks involved and not just know about the rewards. Anyone can invest but few succeed. You have to really think about what is going to be best for your business and know about safety procedures also.
A Tough Call
To be honest, investing in stocks isn’t for everyone. There are some who dabble in this field and find some successful but it really is all a game of chance and luck. Just because you see a stock with good potential, it doesn’t mean it will pay-off. Anything can happen in the stock market world and while many will find success, many will not. This is a risk and one in which you personally have to decide. Your business may find investing in stocks to be a great adventure but then again, maybe not. At the end of the day it is your personal choice. Think wisely and always take the necessary stock investment precautions.