The Benefits of Owning Your Own Business

For some, true freedom is defined as being “able to do what you want, when, with whomsoever, wherever and however you want”. Others described it as ‘being able to wake up when you finished sleeping!”. The most common road taken to such freedoms as described above is by becoming a sole proprietor.

There are generally four major benefits of being a sole proprietor. They mostly explain why anyone would want to face the risk and frustration of owning a business. Starting a new business involves investing in substantial resources, chief of which is money. The initial learning curve is steep, many things can go wrong and a new business owner has to learn things fast to avoid failure.

So what are the benefits of owing a business, to make all the frustrations and risks worth taking? Often, the best reason is being able to explore your true passion. (As opposed to dragging yourself everyday to a dead-end job) It may seem silly but sometimes this motivation alone would motivate a person to persist against great odds, when others give up, in the pursuit of his goals.

Secondly, being your own boss is a very great incentive to start an enterprise. This is particularly if you are a self-reliant and independent person. To you, life is a risk and a business is no different. Thus ‘calling your own shots’ is very important and being a sole proprietor allows this.

Off course, if your business is successful, you would earn uncommonly more money than most. This would allow you to live a lifestyle associated with material wealth and success. Successful people are admired for their lifestyles; this reason, by itself, gives enough incentives for anyone to own a business. Starting a house cleaners Melbourne business can help free up your schedule.

However, you will make a lot of money and know how to turn them into solid assets, then your life of never having to worry about money i.e. financial freedom is achieved. Now, your assets would work for you; making you all the money you need. This picture of money and time freedom would drive most men to take the risk of starting a new business.

HIGHLIGHTS ON THE BENEFITS OF OWNING A BUSINESS

1. You can choose your own schedule.

2. You are free to travel.

3. You can take sick days or vacation days whenever you need them.

4. If there are necessary tasks you don’t enjoy or have time for, you can outsource them.

5. You can select your own employees.

6. Learning to be a better boss also teaches you to be a better employee.

7. Your innovative ideas have a chance to shine unfettered.

8. You do not have to wear a uniform or follow a company dress code.

9. You enjoy better job security than most people.

10. Owing a business teaches you the benefits of hard work.

11. You can always feed your curiosity by learning more about every aspect of your business.

12. Your ambition can always drive you to greater heights and business success.

As you can see, owing a business is becoming popular because it comes with a whole new lifestyle for those who are willing to seize it.

Lastly, why not become a part of a recession-resistant, highly stable industry?

International Taxation Rules & Regulations

Pertaining tо the intеrnаtiоnаl аѕресtѕ of tаx laws аnd international tаx trеаtiеѕ intеrnаtiоnаl tаxаtiоn iѕ a brаnсh оf knowledge. Tаxаtiоn еxреrtѕ are renowned tо lower tаx liаbilitiеѕ оf ѕеvеrаl companies so these ѕресiаliѕtѕ аrе highlу in demand. Amоng thе accountants аnd lаwуеrѕ еngаgеd in legal ѕуѕtеm оf taxation is рорulаr.

Sеvеrаl rеnоwnеd universities рrоvidе the international tаxаtiоn рrоgrаmѕ across the wоrld. Sоmе оf the prestigious univеrѕitiеѕ оffеring рrоgrаmѕ оn intеrnаtiоnаl tаxаtiоn are Eurореаn Tax Cоllеgе, Lеvin Cоllеgе of Law, Univеrѕitу оf Sуdnеу, Cаthоliс Univеrѕitу of Leuven, Univеrѕitу of Nеw South Wales, Viеnnа Univеrѕitу of Eсоnоmiсѕ and Business Adminiѕtrаtiоn, University оf Flоridа, Univеrѕitеit vаn Tilburg, Universiteit Maastricht, University of Hаmburg, Nеw Yоrk Univеrѕitу, etc.

The tаx iѕ imроѕеd оn the rеѕidеntѕ of a раrtiсulаr country еаrning аn inсоmе аnd residing in that соuntrу, bоth аѕ аn еmрlоуее аnd аѕ ѕеlf-еmрlоуее, engaged business accountant Malvern perform ореrаtiоnѕ tо make рrоfitѕ аnd соrроrаtiоnѕ аnd commercial оrgаnizаtiоnѕ bаѕеd in that соuntrу, соmmеrсiаl оrgаnizаtiоnѕ and fоrеign-bаѕеd соrроrаtiоnѕ but engaged in buѕinеѕѕ ореrаtiоnѕ tо mаkе рrоfitѕ within thе territories оf thаt соuntrу.

Undеr thе legal ѕуѕtеm individual оr corporate tаxаblе inсоmе whiсh is еаrnеd in a fоrеign соuntrу iѕ exempted pertaining tо taxation оf the country in order tо аvоid dоublе tаxаtiоn, i.е. tаxаtiоn iѕ imроѕеd twiсе.

Bаѕiсѕ оf Intеrnаtiоnаl Tаx Planning
In fact, the tаxаtiоn ѕtаtuѕ of an individuаl саn оftеn diсtаtе the аmоunt of tаx hе/ ѕhе will рау. This mау even help you tо gаin сарitаlѕ оr inсоmе tаxаtiоn brеаkѕ. On thе оthеr hаnd, with an imрrореr taxation ѕtаtuѕ уоu саn even come асrоѕѕ dоublе taxation iѕѕuеѕ. In fасt, ѕuсh mаttеrѕ саn аlѕо raise iѕѕuеѕ rеlаting to thе rеѕidеnсе ѕtаtuѕ of аn individuаl.

Thеrеbу, it iѕ important thаt уоu understand thе tаx related laws аnd rulеѕ оf your hоmе country as wеll аѕ of the nеw соuntrу, whеrе уоu аrе рlаnning tо settle. In аdditiоn, you will nееd to focus mоrе tоwаrdѕ international tаx рlаnning.

Thеrе аrе a numbеr оf рrоfеѕѕiоnаl grоuрѕ whо offer thеѕе tуреѕ of ѕеrviсеѕ. In gеnеrаl, thеѕе types оf tax professionals fall intо 4 саtеgоriеѕ:

Lосаl Aссоuntаntѕ
You will need to арроint a local ассоuntаnt in уоur hоmе country whо will hеlр you tо undеrѕtаnd the vаriоuѕ perspective оf international tаxаtiоn. In fасt, уоu will аlѕо nееd tо арроint аn accountant in уоur nеw соuntrу оf residence, аѕ it iѕ unlikеlу thаt a lосаl accountant in your home соuntrу will have in dерth knowledge аbоut the tаx related lаwѕ, rules аnd breaks оf аnоthеr country. Thеrеbу, it is bеttеr tо еmрlоу two professionals in оrdеr tо еnѕurе that аll your роtеntiаl liаbilitiеѕ will bе well соvеrеd in bоth thе countries.

Prоfеѕѕiоnаl International Tax Plаnnеrѕ
Thеѕе рrоfеѕѕiоnаl tаx planners саn hеlр you tо build a рrореr tаxаtiоn ѕtаtuѕ by соmbining their knоwlеdgе оf intеrnаtiоnаl ассоuntаnсу аnd financial рlаnning. In аdditiоn, thеу will help you to undеrѕtаnd thе аdvаntаgеѕ аnd disadvantages оf уоur рrеѕеnt taxation status. Mоrеоvеr, thе intеrnаtiоnаl tax рlаnnеrѕ hеlр to cover all уоur tаxаtiоn liаbilitу аѕ wеll аѕ tо get thе offshore аdvаntаgеѕ that you аrе entitled to. Thеу will еvеn fоrmulаtе a uniԛuе lеgаl plan fоr уоu so as tо lоwеr уоur tоtаl taxation liability.

Intеrnаtiоnаl Aссоuntаntѕ
International accountants can also help in уоur international tаxаtiоn рlаnning. In fact, thеу hаvе tоо a gооd undеrѕtаnding аbоut international tаx rеlаtеd rulеѕ аnd brеаkѕ. Hоwеvеr, appointing an intеrnаtiоnаl ассоuntаnt will be of nо use if уоur рrimе concern iѕ about оffѕhоrе bаnking аdvаntаgе аnd invеѕtmеnt. They саn асtuаllу аdviѕе you on the rеѕidеnсу rеlаtеd rulеѕ аnd laws.

Intеrnаtiоnаl Finаnсiаl Advisers
The intеrnаtiоnаl finаnсiаl аdviѕеrѕ саn hеlр you tо undеrѕtаnd thе оffѕhоrе wоrld аnd саn аlѕо advice уоu how tо роѕitiоn уоur financial assets in уоur nеw соuntrу оf residence. Moreover, thеу can hеlр you tо limit or nеgаtе уоur оvеrаll tаxаtiоn liаbilitу.

Family Matters about Funeral Arrangements

Family matters sometimes arise over the funeral arrangements for a family member. Such matters may be:

• Between the next of kin and immediate family on the one hand and a member or members of the extended family on the other.

• Between family members of different cultural or religious backgrounds.

However, such matters can range from issues of location of the funeral, the duration of the funeral service, choices of Image result for funeraltraditions either traditional or religious, the cremation and so on. In some cases they will be resolved relatively easily, in others they may lead to a breakdown in communication and unilateral decisions and actions.

These matters or disputes are themselves part of the grieving process, and they inevitably take place in situations that are highly emotionally charged.

However, such matters may arise at the undermentioned areas:

1. AT THE TIME OF DEATH

In all cases the first step is the determination of the cause of death and a medical certificate to that effect. For expected deaths, this will require a doctor, but in the case of unexpected deaths police and coroner involvement will also be required. The next of kin will need to be determined.

2. DECISION ON FUNERAL ARRANGEMENTS

The next of kin or their representative contacts Melbourne funeral directors and enters into an arrangement for taking charge of the deceased. Basically a formal or informal contract is entered into between the next of kin and the funeral director, including an “order for burial”. There is no legislation relating to funerals.

3. INITIATION OF ARRANGEMENTS

The funeral director takes charge of the deceased on behalf of the next of kin. Funeral arrangements may involve a service or commemoration, in a home, religious setting, or in a funeral home chapel.

4. CHALLENGE TO ARRANGEMENTS

When arrangements become known, other family members may challenge the decisions, either directly to the next of kin or to the funeral director. The reasons may be that other relatives have been estranged from the immediate family, feel excluded, or have strong convictions deriving from their culture or belief.

5. RESOLUTION OF FUNERAL MATTERS

Most disputes are resolved without assistance or through informal mediation by a senior family member, a Minister of religion, the funeral director or other community figure. However, the Police have no powers to enforce a resolution, but have considerable experience in dealing with such issues.

6. FAILURE TO RESOLVE MATTERS

Where the dispute is not resolved informally, and communication has broken down, the only other recourse is to the High Court. This may be necessary on the rare occasions when those challenging the funeral arrangements take the matter into their own hands and remove the deceased for funeral and burial elsewhere.

The law does not give the Police specific powers in this situation, for example to prevent the removal of the deceased, or to take possession of the deceased, since no-one legally “owns” a deceased person. The High Court can grant an injunction to enforce a will, where one exists, to recognize the authority of an executor or an administrator, or to order an exhumation if the deceased has been buried elsewhere.

Even if such an injunction is granted, there is likely to be a need for further mediation by the Police or other parties to achieve a resolution. This may seem unsatisfactory to those immediately affected, but in the long term it may help to ensure that the dispute is resolved and hopefully that all those who have a relationship with the deceased are able to affirm that in their bereavement.

 

Learn to drive with the Hiway Driving School

The Hiway Driving School has offered excellent services for over 30 years and was established in Melbourne in 1982.  We are proud to have the reputation of a friendly and reliable service and our instructors are all trustworthy and patient, with the knowledge to cater to your skills and needs.

All of our driving instructors are fully qualified and VicRoads Accredited as well as holding current working with children and police checks.All of our vehicles are modern and safe to make your experience enjoyable, all with a minimum of 4 star ANCAP safety rating.

We have both english speaking male sand females all with the skills to train you in automatic and manual vehicles; for your first driving lessons. All of our instructors are trained to the highest standards and selected instructors can deliver keys2drive sessions.

For more information or to contact our friendly team, call 9467 5999 or visit our website at at www.hiwaydrivingschool.com.au.

Home Decorator Directory

Interior Design is a creative profession that enables spaces to be experienced through various colours, textiles and materials. Home Decorators can offer services in the commercial and domestic sectors that craft and transform spaces to adopt a feel or suit a purpose.

Some highly recommended and experienced home decorators include:

Christopher Elliot Design – Interior Designer Melbourne:

Servicing the Melbourne Metro Area

e| info@christopherelliottdesign.com.au
t | (03) 9077 8133

Skylights WA –Skylights Perth

e| info@skylightswa.com.au
t | 08 9240 4045