Part of being a good financial manager in a start-up company requires you to identify opportunities that your firm can use to save money. Sometimes, these opportunities lie beyond your ability to negotiate for favourable prices when buying assets or signing contracts. You need to look at things such as a tax shield benefit. If you've just started out in business, here is a look at tax shield benefit to help you gain an understanding of what it is and how it helps your firm save money:
Given that business is all about making money, you want to ensure you get the most money you can when you sell yours. After all, you'll be kicking yourself later down the line if you find out that you could have sold the company for a lot more than you did. Here are 3 things you need to consider when selling your business if you want to maximise your profits from the sale.
Your superannuation fund is your ticket to a comfortable life after retirement. Naturally, the more funds you can accumulate in your fund before retiring, the better off you'll be in your sunset years. It is for this reason that you should seek to work with an accountant as far as your superannuation is concerned. They can help you grow your account in a number of ways:
Planning fund targets
A superannuation fund is a type of pension plan that is paid through an employer in Australia. It's a legal requirement for most companies to pay into this fund and it offers a number of benefits for employees. If you're not sure of how a superannuation fund works or why it's beneficial for you, note a few factors about the plan. Remember that you can also research how the plan works through the Australian government or ask your employer to explain its details to you.
A financial planner is different than an accountant in that a planner will work with you to create a plan or structure for your finances. This may be done to pay down debt, plan your retirements, grow your finances, and so on. An accountant may help you with money you already have, whereas a planner will help you to make plans for money you'll need for the future or for how to deal with money you owe.