Wednesday, November 27, 2013

Things to Keep in Mind before Choosing Company Registration Services

Singapore is currently being ranked as #1 worldwide in numerous lists regarding business practices. It is strong in the trade and investment endeavors and also has more than 50 comprehensive Double Taxation Avoidance Agreements. Singapore also has strong intellectual property laws and these are strongly enforced. So it is normal for a new entrepreneur or a foreign company that want to register a company in Singapore.

Company Registration Services

Using Singapore’s Business Consultant Companies or Dealing with ACRA Directly

Company registration services are widely available in the country, with some offering great services. There are also international consulting companies, which work in Singapore and offer comprehensive advices to have in mind when registering a company.

There is also choice not to deal with consulting companies and paying for their registration services. An entrepreneur can deal with the Accounting and Corporate Regulatory Authority (ACRA) directly but has to have an amount of information beforehand that usually can be bothersome to obtain and keep in mind during all the process.

By hiring a consulting company, the entrepreneur doesn’t have to deal with intricacies of registering the company and only need to take care of more immediate details like name of the company, business structure or any other type of documents that are requested. As such, it is greatly advised to hire a company with registration services to register the business in a confident way.

Getting the Best Registration Services

A search in the Internet will get results from numerous amounts of Incorporation firms, but not all of them are completely professional and reliable. By checking each website, reading feedback given by other previous users, and consulting with other people by requesting their opinion on the appearance of the website and company overall, can help greatly to understand if that company in particular is reliable. One must not forget that a website is portal to one’s business so it usually shows one’s professionalism and reliability.

Inexperienced consultant companies should be frowned upon since it can hinder all the registration process and even start improperly the business which would be a major setback. It is also important to check the fees that the registration company requests, and see if they are merely introductory fees, which could hide other expenses, like administrative fees or shipping charges, in other steps of the registration, or if they are complete fees for all of the registration process.

Registering a company with ACRA usually takes 14 days or more, so the entrepreneur should check the time that the consulting firm takes to do the process herself. Finally, a good customer service is required since it is very important for the entrepreneur to have a readily available representative to answer all the questions regarding the process.

Best Choice for the Entrepreneur

Deciding whether to deal with all intricacies of registering a company or hiring a business consultant company to do the job might come down to decide to have or not a confident starting step in the Singapore business world. It is greatly advised to hire a company and the most important thing anyone should have in mind is to check if the company is reliable or not.

Author Bio: Chris Kam is the Director at Budget Accounts Pte. Ltd., Singapore. He provides expert advice in areas of corporate accounting, tax planning and cost savings. With his extensive experience in this field, he is successfully guiding clients in Company Secretarial Services and helping investors to achieve their financial goals.

Friday, November 22, 2013

Funny Retirement Jokes that Make Sense

Retirement Joke 1 – How I Made My Money

A young man asked an old rich man how he made his money.
The old guy fingered his worsted wool vest and said, "Well, son, it was 1932. The depth of the Great Depression. I was down to my last nickel."
"I invested that nickel in an apple. I spent the entire day polishing the apple and, at the end of the day, I sold the apple for ten cents."
"The next morning, I invested those ten cents in two apples. I spent the entire day polishing them and sold them at 5:00 pm for 20 cents. I continued this system for a month, by the end of which I'd accumulated a fortune of $1.37."
"Then my wife's father died and left us two million dollars." 

Retirement Plan

Retirement Joke 2 – Last Wishes

An elderly woman from Brooklyn decided to prepare her will and make her final requests. She told her rabbi she had two final requests.
First, she wanted to be cremated, and second, she wanted her ashes scattered over Bloomingdales.
"Bloomingdales!" the rabbi exclaimed. "Why Bloomingdales?"
"Then I'll be sure my daughters visit me twice a week."

Retirement Joke 3 – Paint my Portrait

An elderly woman decided to have her portrait painted.
She told the artist, “Paint me with diamond earrings, a diamond necklace, emerald bracelets, a ruby broach, and a gold Rolex.”
“But you are not wearing any of those things,” replied the artist.
“I know,” she said. “It’s in case I should die before my husband. I’m sure he will remarry right away, and I want his new wife to go crazy looking for the jewelry.”

Retirement Joke 4 – I Do Like This Job

On the day before his retirement, a construction worker sat with his supervisor at lunch.
"Last day, huh?" asked the supervisor. "Are you looking forward to retirement?"
"Let me put it like this," said the construction worker. "The most miserable existence I can imagine is spending years constantly performing manual labor, under the direction of a tyrannical overlord."
"Wow," said the supervisor. "I didn't realize I was making your life so miserable. In fact, I thought you liked this job."
"I do like this job. I was talking about my wife's plans for my retirement."
 
If you are yet to reach your thirties, there’s a chance that you haven’t even given retirement a single thought. Retirement jokes such as the ones above could either be funny or depressing depending on where you see yourself as you get old, which is inevitable, and so is retirement.

In the words of French writer and existentialist Simone de Beauvoir: “ Retirement may be looked upon either as a prolonged holiday or as a rejection, a being thrown onto the scrap-heap. ” How you see and how you want your retirement years to actually be like is entirely up to you.

Every decision you make today has an impact to your future. You have the power to decide now if you are going to be joking happily with friends and family when you finally retire–or be the butt of the joke. If you have started noticing how days and hours seem to be going by faster than usual, then perhaps it is time for you start preparing–or at least, thinking about–retirement now, regardless of how old you are. Let’s help you get started:

Calculate How Much You Need

One of the first things you need to do of course is to determine how much you need to live comfortably after retirement. Do you plan to travel the world, dive into a second career, or run a business? Visualize what you want to be doing when you finally stop being part of the labor force and start planning savings and investments to help meet your retirement goals.

Save 1% More, Build a Retirement Fund

You do not have to be thinking about building a retirement fund but saving is a definite must for anyone who is earning income, whether you are in your 20s or 50s. Finance experts advise setting aside at least 5%-or as much as you can afford–of your income in a savings deposit account. If possible, raise your savings percentage by at least 1% including bonuses, every year. And when the right time comes, you can allocate some of your savings to a retirement fund. If you are too deep in debt that you can’t seem to save enough, perhaps you need to assess your lifestyle, and find areas where you can possibly downsize.

Take Advantage of Employer Benefits

Find out if you can avail of a retirement plan with your employer or insurance provider. In the US, for instance, taxpayers can avail of a 401(k) plan wherein enrolees can get access to a pension fund upon retirement by making regular contributions. If you are already enrolled in a similar program, it will be wise to review your annual statements and assess whether the cost delivers enough value. If not, you might want to switch to investments that require lower fees.

Claim Tax Breaks

Depending on your income and your age, you might be entitled to tax credit. Call a finance expert and find out whether you can save up on your retirement fund by claiming tax credits.

Diversity Your Retirement Funds

Aside from government programs, there may be other ways for you to invest on retirement. Americans have the option to apply for a Roth account, which is a tax-free retirement plan that may contain investments, or health savings accounts. There are similar programs in Canada and the United Kingdom as well.

Social Security

If you have been paying social security for a while, you might want to check your statements to ensure that everything is in order. Check if your income history is properly recorded and know more about your expected payout from your Social Security account, as a form of insurance.

Author's box: Ian G. Elbanbuena is a blogger and infopreneur who writes on various topics mainly finance, self-improvement, business and marketing. At present he works on behalf CompareHero.my, Malaysia's leading comparison website. This portal helps individuals in making the best decision by comparing rates from different finance providers.

Tuesday, November 19, 2013

Take 5 Simple Steps to Ideal Commercial Property Deal

There is one saying for commercial property investors, If nobody remembers you, just miss out few mortgage payments and world will get you know you are alive. Investment in commercial property is not all about location and amenities allied but several other aspects are involved. Whether land for sale or leasing out constructed property you need to be thorough with few most important aspects of this industry to avoid any bad deals in the future.

Property Deal

Lot happened in the credit crisis that took place in the year 2008. Real estate values fell steeply, especially for commercial properties. As per Massachusetts Institute of Technology Center for Real Estate the dip in the commercial property investment was by 10.6% in the fourth quarter alone which affected the market adversely. But to keen investor, these low times typically reveal the genuine capitalization opportunities. According to a survey conducted by Marcus and Milichap Real Estate Investment Services, out of 1,229 investors, 51 % of planned to increase their commercial real estate investments.

Despite of significant dip in the realty market, half of the players still plan to expand their commercial holdings. Every commercial property investor wish to have additional flow of incomes on their property, economies of scale, better market for goods sale, affordable deals and bigger pay off from the commercial real estate investment. Consider the tips below and know how it can be accomplished.

Be a Realty Professional: - Be a professional. Before plunging in to the market affirm that you are well-grilled with all nuts and bolts. Also consider your needs as in whether you looking for land for sale or a space in complex would suffice the requirement. Size of the property is another important aspect to contemplate over. Try to gain access on the market rates in different localities. Take an average property price. Also see the market condition, if its tighter credit environment, its better to carry cash than going for credit deals.

Action plan is extremely necessary:- For most realty player success starts with better blueprint. Set your parameters as it is really important. How are you going to buy the property? How much you expect to make on the deal? How are the other property players making use of the property? What is the lease amount? For how many years property will be engaged? How the market tends to grow? These questions are vital to get an answer for.

Find motivating players: - You need to get in touch with motivated sellers who are ready to sell off their property below the market price. The fact is even at low price a seller would make huge profits. The profits might go relatively low, but no seller would make a flat deal. You have to find such players who are ready to sell of their property at little low price as nothing can take up better shape without a good seller.

Discover your neighborhood: - For a commercial property deal, it is sagacious to explore everything in the surroundings. Check the market area, localities around and your neighborhood, whether its a professionally planned market or a residential society.

Go for Three Pronged Approach: - Do lot of research work before taking up any commercial property deal. You would abhor an asset that fetches you no good returns and underwent depreciation over the period of time. So be on a safe side and explore internet and different websites, classified ads to get a catch hold of bird dogs who can help you with property deal in the area or the city you long hunting for. Real estate bird dogs can help you with best transactions in exchange of just a small referral amount.

Author Bio: Subhadra Bhadauria is an ardent writer with leading real estate site 99acres.com. She is a regular blogger and relishes writing. Home is important to all, therefore the writer extensively highlights various home renovation tips that not only ensure better living space but healthier lifestyle too.

Monday, November 4, 2013

Why is it Necessary to Have an Accident Insurance?

Car drivers are most of the time excluded in the auto insurance cover policies since it is always deemed to be the driver's responsibility to exercise utmost care while driving on the roads. The passengers and the vehicle are the elements which are covered thus there is a need to get accident insurance cover as a driver so as to be insured against any unforeseeable eventuality which may befall one in the course of driving.

Accident Insurance

The benefits arising from taking an accident cover may be explained as follows:

Medical bills payment: This kind of a cover ensures that in case of an accident where the driver has to undergo a medical treatment, all the hospital bills are paid out thus relieving one of the financial burden. The bills covered are such as;
  • Doctor's fees which may be charged for examination, surgery or therapy.
  • Special diagnosis tests such as X-rays, laboratory tests and scanning.
  • Purchase of the prescribed drugs.
  • Charges for therapy exercise which may be aimed at correcting a condition resulting from the accident.
Quality medical care: This insurance cover also ensures that quality medical attention is received since one will not be forced to settle for lowly priced medical facilities due to lack of money. One may also access other medical benefits like;
  • Ambulance services so as to get the medical care as fast as possible.
  • Getting admitted since this service is not available in hospitals which are not fully fledged.
  • Highly qualified medical professionals who would give a thorough check-up and diagnosis.
Immobility or disablement benefits: In a case where the driver becomes disabled or suffers from paralysis due to an accident, Life changes because one may not be as productive as before and thus may struggle in making the ends meet. Accident insurance may take up to be paying periodical allowances which may assist the victim to;
  • Meet the daily upkeep needs.
  • Take care of the dependents together with their life interests.
  • Complete other financial obligations such as repayment of the existing loans.
Death benefits: These are the payments which are made to the driver's next of kin or dependents and are meant to compensate them for the loss. They can be paid in two ways;
  • Periodical instalments where the payment is spread to a number of the periods agreed on.
  • A lump-sum which is a one-time payment of the total amounts receivable. Where the driver used to be the sole breadwinner for the family or the dependents, these amounts can go a long way in helping them to start income generating projects which may substitute the gone source.
The driver's medical inquiries in UK can be done through contacting a Dvla Contact which is available on the government's website so as to get information such as the status of the accident insurance cover. More information about the following can is also available;
  • Vehicle registration and inquiries about tax.
  • Vehicle hire service providers may contact this number in order to ascertain the validity of the driving license of the one who is hiring.
  • One may also get information regarding own driving license.
Post by Webb Ward.

Sunday, November 3, 2013

How Difficult is it To Get Business Finance?

If you’ve tried to get a loan from the bank for your business lately, you know it’s no slam-dunk. All the advertising where banks claim to be SME friendly sound great, but when you get nose-to-nose with a banker it’s another story. Some of the reasons that make it seem so difficult are that many credit managers feel that they’re lending you their money instead of the banks. They take almost personal responsibility for maximizing repayment.


Another is that they are particularly suspect of new ventures. Since 4 out of 5 or 80% fail within the first three years, many lenders require a three-year history of doing business. Lastly, with the impact of the credit crunch and tighter lending criteria since the implementation of the National Credit Act, getting business finance is getting more difficult

Here are some tips to make lending you more attractive to the bank. First, start with a two-part presentation. Initially submit a brief overview of your loan request. In this overview include:
  • Excerpts from your business plan about your business concept, management team, and financial projections.
  • Credit history overviews of the principals of your business.
  • Brief answers to key lender questions of how much you’ll need; how you’ll use it, and how will you pay it back?
This should be a two to three page document and can be considered a mutual qualifier. It determines if the bank has any interest in lending you funds before you spin your wheels for hours in front of the credit manager. You may want to end the document with your phone number so that the banker can call you back for an appointment or discussion.

If you’ve dazzled the credit manager sufficiently and have obtained an appointment to meet with him, then it’s time to prepare the “big guns”. The ammo you’ll come prepared with will be three years of personal tax returns for all the principals of your company and the existing business. Include credit reports on all principals, a complete and impressive business plan, and collateral and capitalization information.

This sounds like a lot of information and will require immense effort, but that’s why business ownership isn’t for everyone.

In addition to being prepared with all that paperwork be prepared for any off-the-wall questions the lender might throw at you. Take time to think about and originate a 30-second commercial about what you plan on doing and how it will benefit them and the business.

Be prepared to explain away any credit blemishes that show up on the credit reports before the banker has an opportunity to worry about them. Be sure you’re able to show “cash-flow” understanding and awareness, without which any business is doomed. Plot your most realistic estimated cash flow and bank account balance. Make sure the bank balance never goes negative, and for a good touch show the loan repayment as a separate line item. This shows the banker that you understand priorities.

Collateral may be needed to satisfy the lender’s angst about repayment of the loan, and unfortunately most small businesses have too few assets to satisfy this need. Many entrepreneurs are forced to provide personal surety to the bank jeopardizing their personal assets such as their home. This may seem scary, and it is, unless you’re really sure of your success.

It sounds like a daunting task, but with some preparation and determination it can be done. It’s not as easy as all the ads you’ve heard, After all, that are why you’re an entrepreneur instead of a corporate slave isn’t it?

Author Bio: LoanFinder SA provides a 3-in-1 service offering which includes our free loan-finding service which can find you a loan, a 24-month legal & ID assist plan, plus credit snapshot report which can provide you with your credit status and info to determine your creditworthiness.