Category: Finance

Becoming Debt Free – 3 Key Steps To Getting Out

It will take both time and money, and you’ll have to do a little work to drop those balances to zero. But, in the end, it’ll all pay off when you’re debt free! Here’s how to do it:

Organize it!

Gather up all your debt statements. Take a piece of paper and list each account, the current balance, the current minimum payment and the current interest rate. Then organize your accounts, either from lowest balance to highest, or from highest interest rate to lowest. It’s your choice, but many folks like to tackle the smallest debt first, because paying it off gives them a sense of accomplishment, which leads to more motivation to continue on the path of getting out of debt.

Pay it down!

Continue making the minimum payment on all your debts except the first one on your list.

Point Of Sale Supply Cost Effectiveness

The path to creating the competitive advantage you need to get ahead of competitors

Ask any seasoned businessman the question “What is the most important aspect of a business?” and he would reply without blinking “keep your costs low and your risks lower”.

Well, the truth is that managers tend to neglect the little things because of the bigger things which keep their mind occupied. What they ‘do not’ realise is the fact that taking care of the big things and leaving the ‘little things’ unattended is equivalent to taking care of the small things and neglecting the bigger things. This can be attributed to the fact that the little things eventually ‘add up” and become a “big thing” themselves.

These ‘small things’ are accumulative in nature and is often attributed to ‘suppliers’ strategy of going easy on price for certain business tools or machinery, but they make up for the margins ‘over time’ via the ‘support items’ that cost very little per unit, but the quantity used usually runs into the thousands for any given financial year. These substantial costs are normally part of the ‘miscellaneous’ cost in the year-end financial statement.

One good example of this situation is the printers for POS (Point of Sale) systems which still generally use either thermal, Eftpos or standard ink receipt printers.  What managers do not see about these systems is the fact that if the business involves selling large products such as machinery or office equipment and end up using the POS system once or twice a day, the direct cost of utilising the POS system would be easily negligible based on the fact that the receipt paper rolls will probably be changed only once a month and less than 12 receipt paper rolls are used for the entire year.

On the other hand, if the business is a convenience store or a supermarket even and sells FMCG (Fast Moving Consumer Goods), the chances that the receipt paper rolls for each POS will be changed more than just once in a day. Depending on the volume of business, the total receipt rolls used could be quite significant. The cost factors about these little ‘essential business elements’ are relatively least understood. For instance, the size and type of printer would determine the size and type of paper that will be used whether one ply, two ply, carbon based or thermal receipt paper rolls.

Another factor is that, such things are rarely subjected to price checks and suppliers have been aware of this fact for a long time and use it to their advantage when they establish supply contracts with a firm. The same business strategy may be observed in the ‘printer and ink’ industry where the printers are sold cheaply in the market and they hardly make any margin on them, however the real profit is in the ink that they sell by the thousands at high margins.

HP, Canon, Epson and many other large IT related companies made a lot of money using this very business strategy that business managers still seem to overlook.

The reason why businesses must hire Tax accounting firm

In Parramatta, The tax accountants can be hired in two options, as permanent employees and as-required basis. The tax accountants who are hired on temporary basis are suitable for small and also mid-size companies or even startups that are unable to afford to employ permanent and full time tax accountants for their tax issues.

That is the reason why you can find many professional tax accountancy companies in Parramatta nowadays which offer top quality services to their clients at very affordable costs. Such consultancy companies come with competent and well-qualified experts with proven reputation of delivering customized services for their clients.

Such professionals provide proactive, high quality and helpful tax accounting services to their clients who are tailor-prepared for their needs – all this allows businesses to control their business finance with a transparent, collaborative as well as easily accessible accounting which guarantees accurate and timely tax payments to government authorities. Not to do so would get the business vulnerable to paying penalties to the authorities.

The most beneficial part of outsourcing to a reliable Accountant Parramatta is cost-saving. By outsourcing the job, the businesses can save lot of resources unlike what it might have spent to hire regular, full-time accounting staff.

For this reason, due to hiring qualified accountancy firms, you will find big saving on part of the company which is incorporated in the cash flow of the company. Additionally, the company outsourcing the tax accountancy can be confident regarding the financial records since they are maintained by qualified and skilled professionals from the reputable tax consulting firms.

Tax accounting firm has quick and easy access to its financial account even at a short notice so that it can save time and resources. Accordingly, the company has the convenience of concentrating on the main or even other related aspects of business upon which it specializes.

What you should know about crowdfunding

cdr23We’ve known about the term crowdfunding in the media and networking so let’s explore what it is and how small and mid-size business can easily reap the benefits from crowdfunding.

What is actually crowdfunding?

Crowdfunding is an effective method for business owners to obtain the capital needed to run their business expansion in order to build their start-up. It is a nice community (generally online) which enables you to have ideas and fund dreams. It is also often called Hyperfunding, Crowdfinancing , and also Equity Crowdfunding .

Types of crowdfunding

There are many different kinds of crowdfunding known as donation, equity based and debt. Donation is when money is presented to the business owner as a reward for a gift. Debt crowdfunding is when the market participant offers funds to the business enterprise with an upcoming financial reward like a share of the profits. The third form of crowdfunding is equity crowd funding then of course the donor receives funds in the business.

Trade12 review – Forex Trading for a beginner

It will take many years of study, training and proper experience in the markets to find out how to trade Forex profitably, and reach the level where you can routinely generate income in Forex trading.

The fast way I know is to join a reliable Forex trading system to perform my trading. I must discover a trading platform that works well, my goals is to beat the major challenges any trader encounters while they are looking for the ways to trade Forex. I must be able to achieve practical Forex market experience, maintain my personal relationships and above all generate income in Forex trading while learning the best way to trade Forex.


To learn how to trade forex I need the help of the Trade12 which can be a great support in guiding me to buy and sell the forex . In this Trade12 review , I will show you the benefits of using Trade12 for beginner to make money in forex trading.

Such online trading system helps me in being familiar with all the complexities of the currency markets so that I can make money saving deals in stock exchange. Trade12 come with useful tips about forex trading, I can easily and systematically learn how to trade forex with their guidance.

Trade12 offers the 24- hours-support which could be a major help in finding stock exchange market apart from helping you with the most up-to-date information and strategies regarding the forex market during the course of the day. This information and good tips offered in very handy while learning to trade forex . Actually, as I am updated on the most recent forex news, I could make very smart investment trading in the future in line with them.

Additionally, I can also spend time practicing forex trade as i learn how to trade forex on such website. They allow me to practice the procedure of forex trading to ensure that I get knowledgeable about the process and make smart decisions concerning my investments in forex trading.

Trade12 also support mobile Forex trading. And, to derive benefit from this platform, it is advisable to have a mobile device such as, smart phone, iPad, Tablet, etc, which is able to run the app for their mobile Forex trading.

Mobile Trader App Features on Trade12:
• Account management
• High speed execution of order
• Set stops and limits
• Trade Multiple accounts
• Execute, modify and monitor trading
• Interactive Charts
• Keeping record of trading history
• Live streaming of market prices
• Full access to trading instruments
• Built-in social trading

Trade12 facilitates me with the MetaTrader 4 platform that is probably the most popular trading platforms in the market. The MT4 can be operated on PC, mobile and also tablet devices. By using Meta Trader 4 provided by Trading 12, I can trade forex , Futures and also metals , via PC , tablet device or Smartphone with the fast and secure on a easy to use interface .

Using my tablet device for trading online at Trade12, I can easily access my trading account anytime, anywhere and manage at the tap of screen. I can also monitor all trading orders with real-time pricing of all instruments.


So, if you are a beginner and are really interested to foray into fx trading, then Trade12 is suitable for you. When you open account on Trade12 you will get a FREE Tablet with MT4 software pre-installed and free delivery to your house address.

 Once you discover ways to trade forex effectively under the guidance of Trade12, you can expect to be a skilled forex trader and thus you will not need to worry about losing in forex trade. You can even join their community which has some forex trading experts and learn from them tips and tricks from their great experiences. It will obviously help you to make improvements in the forex trading.