I’m sure you must have tried to meet your tax saving targets throughout the F.Y. But in the end, it is likely that you still need to push a little to compensate for that windfall bonus and the increment this year. Even if no bonus or increment happened don’t worry, just see if you have utilised your tax saving limits completely. If not, use the following tax saving options to save additional tax within few minutes.
We all dream of being able to afford everything we need and want without ever falling into a debt. However, that’s not the case. Oftentimes, things are out of our reach and we need to borrow money. That’s where a personal loan comes in. A personal loan is a type of “unsecured” loan for which you don’t have to put up a collateral. You simply borrow money from the lender and then pay it off gradually with interest. Furthermore, these are also flexible loans as they’re not meant for fixed purposes such as education, auto purchase, or home. They can be used for any purpose at all.
EMI schemes were brought into being as a ways of encouraging people to stay with small businesses and work with them. The benefits of such work included shares in the company, benefits for them the longer they stay as employees, and an overall boost in morale which comes with feeling more involved in the direction that the company is taking.EMI schemes allow people to become more important to the business than they otherwise would – the EMI scheme works both ways – it keeps people loyal to the business, and helps them see that working for it wouldn’t be the knock to their career they feared, and means that the business will have experienced workers.
As your business grows, it will need more money to fund it. Although it would be ideal if that money came from its profits, sometimes that just isn’t possible. It could be due to problems with cash flow, or because the money needed to expand is much more than you currently make, and it’s the expansion itself that will lead to a big rise in your profits. The good news is that getting a business loan is usually possible, although it will depend on your financial situation, and if you are using it to expand the business, the increase in profits should be more than enough to pay it back, including the interest. So what different types of loans can you get for your business?
Banks and financial institutions have made it easier for large businesses to operate seamlessly and small businesses as well as startups to expand continually. Although startups incur expenses on a lower scale as compared to major corporations, they tend to maintain their day-to-day expenses using different sources of finance. In addition to small-ticket loans, business credit cards come in very handy for their businesses.
You might have heard the adage that says, spend money more if you want to earn more. It is good that you are managing your business with savings that you have accumulated so far, however, have you thought about taking a loan for your business? As a growing business, don’t you think, you should go with a loan to further boost its growth.
A common dilemma faced by potential borrowers seeking a small business loan is—Where to shop for loans? Should they approach a bank or go with a non-banking financial company (NBFC)? Both are the financial entities which are offering excellent deals to customers with varied borrowing needs.
In the modern world, networking has become one of the best tools for professional growth. With the right network, one can acquire business information, progress in their career, and get employment opportunities in different organizations such as Freedom Financial Network.
For secure investments, Public Provident Fund andFixed Deposit are great options. You should choose one based on what you need. Out of these two investment options, fixed deposits are often a preferred choice for busy salaried professionals who do not fall in the higher taxation brackets.
The global financial crisis that began in 2007/2008 quickly spiralled out of control and resulted in credit markets tightening up around the world. That crisis may be in the rear-view mirror, but the ramifications of it linger to this day. The failure of Lehman Brothers and the subprime mortgage crisis that precipitated the worst recession since 1929 has left a bad taste in the mouths of banks, non-bank lenders and the financial industry overall. For starters, credits markets have tightened considerably since 2008.
You’ve a killer business plan, a great vision and supportive family members and friends. The next biggest thing that comes into the picture is financing. Financing is required to start a business, scale it up to profitability and even sail through a rough patch. Financing varies depending upon the size and type of your business. Some businesses like online ventures need a small amount of funding while processing businesses require a substantial amount of capital. Small business funding can be an uphill task to attain and sometimes, many small business owners feel like they’ve run out of options.
Setting up your new business is a rewarding, exciting, if not stressful time of your life. You’re about to launch something that could completely revolutionize your life, and you’re finally able to work for yourself rather than for someone else’s company. Getting started is probably one of the hardest parts of being a business owner. You’ve got to try to work two jobs at once – unless you can take a break from a full-time salary. You’ve got to create a business plan that can withstand intense scrutiny. You’ve got to find ways to attract customers. You need to plug any skill gaps and work out whether you need contractors or in-house employees.
For those times in life where some financial bolstering is required, there are a number of concerns that wrestle for our attention. Taking out a loan or moving further into debt can fill us with apprehension. We want a solution where we can access adequate funds, yet not become swamped with oppressive repayments.
By the time you’re done reading this short post, you’ll see that getting a car loan is not difficult even if you have bad credit. While it’s true that the following can help anyone (no matter what their credit) secure a deal with an interest rate that won’t unduly tax their monthly budget, this is specially-designed for people with low credit scores. There are lenders who specialize in bad credit car loans, and here is what you should do before you approach them.
Till few years back, you had to visit branches and offices of financial institutions like banks, NBFCs to get all your loan related questions answered. How much loan will you get, what is the interest rate, what are tenure options, can you reduce your EMIs, etc.?
Taking a personal loan has many advantages, for both business and personal purposes. The loan is disbursed fairly quickly and the monies can be used for a variety of needs. Traditionally, people have been averse to taking loans for purchases, but lately, it has become somewhat of a trend to borrow personal loans, vehicle loans, house purchase loans, etc. In the face of mounting expenses and rising inflation, one may not have the financial wherewithal to buy expensive items on an outright purchase basis.
According to the Small Business Administration, if you’re using credit to finance the startup costs of your business then you are not alone. As of 2011, 65 percent of business owners were financing at least some portion of their business on a credit card or through a loan of some kind. Building business credit is crucial to the success of a startup long term, but even the SBA admits that’s a difficult proposition for the short term.
Buying a home means something different to each person. But one thing is the same for just about everyone – it’s going to be expensive. In addition to saving up 5-20% for a down payment, on average homebuyers pay 2-5% of purchase price in closing costs as well.
If you want to realize the American dream of home ownership, you don’t have to be house poor. There are ways you can use your living situation to save money each month and offset the cost of buying.
Deciding to buy a term plan is easy – doing the calculations for the right plan is even easier! We explain why using a term plan calculator is a wise option.
It is basic human nature to worry about the future. You must have experienced it yourself: even during the times that you are happy and content with life, you may feel a twinge of worry about your loved ones. No, you won’t constantly worry about what happens to your loved ones unless you are a paranoid person. But it is fairly normal to wonder what your family members would do if you were suddenly absent from their lives.
Few things can impact your tax bill like owning a home. And if you’ve been busy shopping, choosing, buying, and closing on a house, we’re going to bet that you forgot all about this pot of gold at the end of the rainbow.