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Budget management software

Thursday, April 28th, 2011

Many people and self employed small businesses are in financial difficulties at the moment due to a variety of reasons and may need to consider a budget management software or budget manager software.  The reasons why some families may need to budget can come down to such issues as, redundancy or job loss due to no fault of their own, but are a victim of the current economic downturn and credit crunch.  Other factors may include an increasing family, a increase in standard or variable mortgage interest rates, the cost of living and shopping for food and clothing has increased with the cost of oil, fuel and cotton on the increase, and taxation such as VAT and other taxes on the rise.

For small businesses, downturn in trade, or increased cost of raw materials can also be contributing factors.

Each of these elements can affect the purse strings of the modern family or small business and thus income that once covered all the bills, invoices and outgoings no longer seem to do so.  Debt and borrowing on credit cards may also be on the increase and you may need to pay careful attention towards every penny that you are currently spending .

If this sounds familiar, then considering a budget management software may well help you work through your short term and long term finances.  By sitting down and opening up those unopened bills that you are afraid to look at, you can get an idea of what money is needed to go out and clear these bills along with what money you have coming in.  From here you can then plan your repayments and you know what cash is spoken for, and what if any, money is spare each month outside the essential gas, electric, mortgage, food and water bills, so to help with your budgeting.

These money management or budget manager software systems once you load in your numbers can provide you with the stats that you are looking for in order to review your financial situation and see any forthcoming issues. You may then get the chance to correct any spending errors, or at least allow for them and alert the necessary financiers in advance and maybe make alternative arrangements.

Not able to draft such documents yourself? There is a product which has the layout and money documents drafted for you for 2011, to see more information and product terms and conditions, go to the budget management software, take a look here.

 

Article Source: http://www.articlesbase.com/personal-finance-articles/budget-management-software-4692155.html

About the Author

Lucy DeVere, full time mom and entrepreneur, writer of budget management software

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7 Tips To Achieve Financial Freedom

Thursday, April 28th, 2011

The concept of time and money had changed throughout history.  The term Financial Freedom has gained much popularity in the ever changing financial scenario today.  More and more people are on the lookout for home based business ideas and opportunities.  If you’ll browse the internet, there are tons of programs online which offer top home business ideas and home business reviews.

 

TIME IS MONEY.

All of us have one thing in common – TIME.  A well-known celebrity, a famous author or an ordinary person all have 24 hours to spend in a day.

 

More often than not, we exchange our time for money.  Day in and day out, we spend 12 hours or more at work in order for us to earn wages.  We work extra hard but still not able to achieve the financial freedom we strive for.

 

Financial freedom enables a person to have time freedom – enjoying life without hampering his steady income in any manner.  This is based on managing assets and investments that are compounded over time to generate steady flow of cash.

 

Start your journey to Financial Freedom

Financial freedom can be achieved.  We just need to continuously learn new ways which will guide us towards our journey.  We must make a plan and work hard to accomplish that plan.  Here are 7 tips which can help you on your journey to financial freedom:

 

1.) You are who you think you are…

How you see yourself determines how successful you will become.  The journey to financial freedom starts when we embrace “Change”.  We must re-calibrate the way we think.  We were told that in order for us to earn money, we must work hard.

 

Once upon a time, there was a donkey which fell in a deep pit.  He tried so hard to climb out of the hole but to no avail.  Then finally, he stopped realizing that his efforts are not doing him any good.  The donkey kept telling himself “there is a better way… there is a better way”.

 

The owner, thinking that there is no hope for the donkey, decided to bury him to die in the deep pit.  He started throwing dirt into the pit.  The donkey felt the dirt thrown on his back.  Immediately, he closed his eyes, shook the dirt off, and stepped back.  He went on with this until the hole was filled with dirt, and he was able to step out towards his freedom.

 

Just like the donkey, we must start looking at ALL things positively.  The dirt symbolizes the negative things happening in our lives.  We call them trials.  Our success is determined by how we look at those trials and how well we react to them.  We must always have a positive mindset, whether in our families or towards earning money.  A healthy perception of money is necessary in order to maintain an over-all balance.

 

Focus on making money work for you instead of you working for money.  Remember that you earn money in order to achieve your ends.

In the end, achieving financial freedom means developing a process of self liberation.

 

2.) You’re Health is Your Greatest Wealth…

We’ve all heard the phrase – Health is Wealth.  Your health is your greatest wealth.  Do you think you will have REAL FREEDOM if you’re financially free but you’re too sick to enjoy it?  We want to be financially free so that we can have more time to do the most important things in life – Family, Community, etc.

 

You should look at your health as your greatest asset.  Follow these 3 tips for a healthier you…

  • Do have periodic check-ups with your physician.  Do not self-medicate.  It is best to get opinion from experts when it comes to your health.
  • Do regular exercises.  Work to achieve your desired heart rate per day.  You’ll discover that physical activities condition your body and you’ll can delivery both physically and mentally to complete the task at hand.
  • Watch your diet.  You are what you eat.  A good diet can boost both your mental and physical being to be able to achieve what you want in life.

 

3.) Know What You Want…

Will you leave home without knowing where you are going?  Similarly, you will not be able to start your journey towards financial freedom if you don’t know what you really want.

 

This is the most important activity that you need to do if you want to reach your goals.  Your vision is the most important factor of your success.  You should define what you want to achieve at the beginning of your journey to financial freedom.  What do you want to achieve?  Why do you want to achieve these?  You have to answer these questions as you are developing your vision.

 

When you have done the above mentioned, follow these simple steps:

  • Write down your vision or dreams.  Put in the details that you want.
  • Read and imagine this vision every day.  It is vital to “feel” these visions coming true in your mind.  This way, you’ll start believing and you’ll start achieving.  What your mind can conceive, and your heart believes, your body can achieve.
  • This will strengthen your will to achieve.  There may be obstacles along the way but you’ll be very focused that you’ll find a way around those obstacles.

 

4.) Earn As Much As You Can…

The best way to fail in your journey is to have only one income stream.  It is like being dependent on one water source for all you needs.  What happens if the river runs dry?  The whole community will thirst.

 

All of us should strive to have multiple streams of income.  The number of income streams that we have will determine how fast we can achieve our financial goals.

 

Do a research on how to build multiple income streams.  It is best to look for ways to build multiple streams of passive income.  The internet offers a variety of top home business ideas and opportunities.  Although we’ve heard that the net is full of scammers, there are still legitimate home business opportunities available.  You must do extensive research for top home business ideas.  You can Google the terms “work from home on the internet” or “How to start an internet business.”

 

5.) Save As Much As You Can…

Always strive to save a part of your earnings before you make any spending.  This way, you are paying yourself first by paying your savings account first.  There are various vehicles where we can put the money, savings account, time deposits, mutual funds, investing directly on the stock market or investing in your own business.

 

The most ideal is to save 20% of your earning and put it in various investment vehicles.  This way, you are assured that your money will grow and earn for you passive income.  Always research where to your money will earn faster.  Be wary though, there are still scammers out there waiting to take hold of your hard-earned cash.

 

As the saying goes – “Save in the spring so you won’t beg in the fall”.

 

6.) Simplify Your Life As Much As You Can…

When you have money, you can afford to buy so many things.  In fact, you’ll be tempted to buy things that are not that important in your life.

 

BEWARE!!!

 

There are more important things in life than material things.  Simplifying your life means you’ll get detached from material possessions.  This will enable us to focus more on our relationships rather than special gadgets and expensive toy.

 

Differentiate between your wants and your needs.  If you don’t need it, don’t buy it.

 

Simple living creates a space in our hearts which enables us to enjoy even the very little things in life.  Material possessions will only complicate things.

 

We will learn to love and serve the “Real People” around us instead of the “Reel people” we see in our flat screen TV.  We will enjoy nature’s music more than the song we’ll hear in our audio surround system.

 

Real financial freedom lies in the relationship we have with other people.  It is having the time to serve and love more people more and more each day.

 

7.) Love More…

True wealth is found in relationships.  We know that all of us have limited amount of time here in this world.  One day, that time will end.  And on our deathbed, what will matter most is our relationship with the people around us.  We don’t look for our Ferrari, or our Home theater system or the cash we have in the bank.  Instead, we want our love ones – family, relatives, and friends – to spend their time with us.

 

How often do we hear the words “If only I had spent more time with him,” or “If only I hug him one more time”, during wakes and funerals?  At the end of our journey here, still what matters most is the time we’ve spent with our loved ones.

 

Friend, don’t wait till it’s over.  Do it now.  Love more each day.

 

The journey to financial freedom requires commitment and determination.  Rest assured, there will be difficulties along the way.  The challenges are there to mold our characters, not to keep us down.  Always focus on our goal no matter what lies ahead.

 

Go on my friend.  Start your journey to financial freedom.  Keep focused.  And when you reach your goal, you will look back and tell yourself – well done.

 

 

To God Be The Glory…

Neo Rayos

Article Source: http://www.articlesbase.com/wealth-building-articles/7-tips-to-achieve-financial-freedom-4683266.html

About the Author

For tons of FREE Home Business ideas, opportunities, tips and techniques, visit The Top Home Business Ideas at http://www.LexWorldOnline.com . Neo Rayos is the owner of Top Home Business Ideas, a directory of home business ideas, opportunities, tips, techniques and articles.

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GST In India A milestone in Indian tax reforms

Wednesday, April 27th, 2011

The Goods and Services Tax (GST) is value added tax on the consumption of the goods, paid by its original producers upon the change in goods or upon the transfer of the goods to its ultimate consumers.GST is proposed to be implemented in India by April 2012. The GST will replace all indirect taxes levied on goods and services by the Indian Central and State governments. It is aimed at being comprehensive for most goods and services with minimum exemptions.

The evolution of Indian service tax & excise tax to VAT was a long drawn process and in that regards going for GST will be a quantum jump in achieving comprehensive indirect tax reforms in India

The Indian government is redrawing tax reforms that will sweep away part of the current VAT system, a variety of state level direct and indirect taxes, excise duties, service tax and entertainment tax and replace them with a single Goods and Services Tax (GST).

The predicted rate for the proposed GST is said to be 20 percent. This should create a national tax standard across the country with consumers paying a single rate of GST across India abolishing all other state and central level taxes, including VAT, excise duty, service tax and luxury tax. The target date for implementation is the 1st of April next year to coincide with the start of the new fiscal year. Customs duty will be levied out of GST and is likely to be replaced by VAT on imports.

Currently, the various Indian states levy VAT at a 4 percent or 12.5 percent rate depending on the type of goods, with excise duty usually levied at 8 percent for most commodities. Services are taxed at 10.3 percent.

India is a federal republic and therefore the GST will be implemented concurrently by the central and state governments as CGST and SGST respectively. The objective will be to maintain a commonality between the basic structure and design of the CGST, SGST and SGST between states.

Announcement to this regard was done in finance budget 2007-2008 by then finance minister P.Chitambram as per which an Empowered Committee of state finance minister was formed to work with the Central Government to prepare a road map for introduction of GST in India. After this announcement, the Empowered Committee of State Finance Ministers decided to set up a Joint Working Group (May 10, 2007), with the then Adviser to the Union Finance Minister and the Member-Secretary of Empowered Committee as Co-convenors and the concerned Joint Secretaries of the Department of Revenue of Union Finance Ministry and all Finance Secretaries of the States as its members. This Joint Working Group, after intensive internal discussions as well as interaction with experts and representatives of Chambers of Commerce and Industry, submitted its report to the Empowered Committee (November 19, 2007).

On the framework of this discussion a final version by Empowered Committee was prepared seeking comments from government of India. These comments where duly recorded and where sent to states Finance and tax heads for consideration. Later a team of concerned official from states and representatives of Gov of India submitted their final draft on structure of GST. An important interaction has also recently taken place between Shri Pranab Mukherjee, the Union Finance Minister and the Empowered Committee (October 19, 2009) on the related issue of compensation for loss of the States on account of phasing out of CST.

Salient features of the GST model

Salient features of the proposed model are as follows:

(i) The GST shall have two components: one levied by the Centre and the other levied by the States. Rates for Central GST and State GST would be prescribed appropriately, reflecting revenue considerations and acceptability. This dual GST model would be implemented through multiple statutes (one for CGST and SGST statute for every State).

(ii) The Central GST and the State GST would be applicable to all transactions of goods and services made for a consideration except the exempted goods and services, goods which are outside the purview of GST and the transactions which are below the prescribed threshold limits.

(iii) The Central GST and State GST are to be paid to the accounts of the Centre and the States separately. It would have to be ensured that account-heads for all services and goods would have indication whether it relates to Central GST or State GST (with identification of the State to whom the tax is to be credited).

(iv) Since the Central GST and State GST are to be treated separately, taxes paid against the Central GST shall be allowed to be taken as input tax credit (ITC) for the Central GST and could be utilized only against the payment of Central GST. The same principle will be applicable for the State GST. A taxpayer or exporter would have to maintain separate details in books of account for utilization or refund of credit

(v) Cross utilization of Input Tax Credit between the Central GST and the State GST would not be allowed except in the case of inter-State supply of goods and services under the IGST model.

(vi) Ideally, the problem related to credit accumulation on account of refund of GST should be avoided by both the Centre and the States except in the cases such as exports, purchase of capital goods, input tax at higher rate than output tax etc. where, again refund/adjustment should be completed in a time bound manner.

(vii) To the extent feasible, uniform procedure for collection of both Central GST and State GST would be prescribed in the respective legislation for Central GST and State GST.

(viii) The administration of the Central GST to the Centre and for State GST to the States would be given. This would imply that the Centre and the States would have concurrent jurisdiction for the entire value chain and for all taxpayers on the basis of thresholds for goods and services prescribed for the States and the Centre.

(ix) A uniform State GST threshold of gross annual turnover of Rs.10 lakh both for goods and services for all the States and Union Territories may be adopted with adequate compensation for the States (particularly, the States in North-Eastern Region and Special Category States) where lower threshold had prevailed in the VAT regime.

(x) The States are also of the view that Composition/Compounding Scheme for the purpose of GST should have an upper ceiling on gross annual turnover and a floor tax rate with respect to gross annual turnover. In particular, there would be a compounding cut-off at Rs. 50 lakh of gross annual turn over and a floor rate of 0.5% across the States. The scheme would also allow option for GST registration for dealers with turnover below the compounding cut-off.

(xi) The taxpayer would need to submit periodical returns, in common format as far as possible, to both the Central GST authority and to the concerned State GST authorities.

(xii) A tax payer 13 digit identification number will be issued . This would bring the GST PAN-linked system in line with the prevailing PAN-based system for Income tax, facilitating data exchange and taxpayer compliance.

(xiii) To make it simpler for tax payer, functions such as assessment, enforcement, scrutiny and audit would be undertaken by the authority which is collecting the tax, with information sharing between the Centre and the States.

On application of the above principles, it is recommended that the following Central Taxes should be, covered under the Goods and Services Tax: (i) Central Excise Duty (ii) Additional Excise Duties (iii) The Excise Duty levied under the Medicinal and Toiletries Preparation Act (iv) Service Tax (v) Additional Customs Duty, commonly known as Countervailing Duty (CVD) (vi) Special Additional Duty of Customs – 4% (SAD) (vii) Surcharges.

(viii) Cesses.Following State taxes and levies would be, to begin with, subsumed under GST: (i) VAT / Sales tax (ii) Entertainment tax (unless it is levied by the local bodies). (iii) Luxury tax (iv) Taxes on lottery, betting and gambling. (v) State Cesses and Surcharges in so far as they relate to supply of goods and services. (vi) Entry tax not in lieu of Octroi.

 

Article Source: http://www.articlesbase.com/taxes-articles/gst-in-india-a-milestone-in-indian-tax-reforms-4692133.html

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Accounting india,chartered accountantin india,accounting services indiachartered accountant in india,financial accounting services,financial services in india,accounting services in india,chartered accountancy in india,tax law india,accounting in india,income tax laws in india, tax in india,law in india,income tax in india,indian tax laws,income tax laws in india,tax of india corporate tax law in india,income tax law of india.

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Automated Forex Trading Software program – three Steps to Using Automated Software

Wednesday, April 27th, 2011

Forex trading is quickly turning into one of the common as nicely as best methods to speculate & earn cash online.  With a median each day turnover of around $1.3 trillion, the Foreign exchange market continues to develop as more & extra people realize it is wonderful potential daily. While incomes cash trading Forex may sound straightforward, the truth is, it may be difficult.

Knowledgeable traders often spend hours per day analyzing advanced charts, graphs & functions so as to predict certain trends within the market. To solve this drawback & easily make more pips in Forex, traders of all expertise levels have turned to automated Forex software.  One of the best automated software could make you thousands each week, normally on full autopilot.

Let’s have a look at how you have to use automated software the correct approach, so you can make the most money potential trading with it…

1.) Set up

The first and possibly most important step to using automated Foreign exchange software is the installation. The most effective Foreign exchange software is easy to install & it solely takes as little as two minutes to put in it utilizing a simple to follow guide. Once put in, it’s time to get began with the set up.

2.) Customization

The following step is to customise your trading software’s settings so as to trade at a threat stage & quantity you would possibly be comfortable with. Bear in mind, an excellent software will be very profitable at a excessive danger level, and this can yield giant profits.

3.) Autopilot Trading

The following step might be the simplest, letting the software trade your account on autopilot. Years ago, traders had to sit at their computer systems waiting for a sign to return telling them which forex pair to trade & when, however now all that has changed.  As soon as put in, most trading software makes use of a “set it & forget it” method, letting you actually turn the software on & watch it trade your account.

Now listen carefully, if you’re able to make actual cash in Foreign exchange completely on autopilot, incomes more pips than you each imagined, take two minutes to read the subsequent web page & sign up for the

Forex Tracer, the amazing new Forex indicators software that is incomes many people hundreds of dollars every week.get the Foreign exchange Tracer at an awesome, restricted time, discount!

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Article Source: http://www.articlesbase.com/investing-articles/automated-forex-trading-software-program-three-steps-to-using-automated-software-4692812.html

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New York City Bankruptcy Lawyer- Related Hint For Chapter 11 Bankruptcy Lawyer

Wednesday, April 27th, 2011

You must seek out the professional steering of a business insolvency counsel if you’re filing for business bankruptcy. Filing for business bankruptcy is very complex, as there are that many factors to take into consideration. You manifestly want everything to go smoothly and a business insolvency lawyer is there to make certain that everything goes smoothly.

As you search for new york city bankruptcy lawyer related info or other info per dallas bankruptcy lawyer or bill collectors, take a little time to view the below article. It’ll offer you a reasonably refreshing understanding of the new york city bankruptcy lawyer info you will need. After going thru it you will be more informed about information in some shape related law firm or perhaps houston bankruptcy lawyer attorney.

We need you to know that you’re not on your own. Your insolvency lawyer and our complete staff will be there to encourage you, offer trained advice and to help you retake control. Act now to deal with your financial standpoint and stop harassing phone calls from creditors and debt collectors.

Filing bankruptcy is a legal option for those struggling with debt that they can’t afford to pay. While private insolvency is sometimes thought of as a last resort, the reality is that bankruptcy laws offer legal protection that almost all other debt-relief options don’t.

In the meantime — I’m hoping you have been ready to get a full grasp of the key points related to new york city bankruptcy lawyer or other related ny bankruptcy lawyer, attorneys, houston bankruptcy lawyer fees, bankruptcy information,and in the 1st half of this document. Whether you answer Yes or No, continue reading as there’s a lot more to uncover in this piece that will excite you.

When filing bankruptcy, your financial position will be a key part. Therefore, you’ll wish to make sure you have a full experience of any and all costs your lawyer will be charging. Most commonly, a bankruptcy counsel charges a sizable charge for his or her services. You will be accountable for stumping up for the actual bankruptcy, which varies depending on what type you file for.

One option a bankruptcy barrister can assist you with would be coping with a repayment schedule that satisfies your lender. A competent bankruptcy counsel can work with your creditors to develop a plan that is cheap enough to meet any budget. This will also keep creditors from harassing you about missed or overdue payments.

Many folks seeking online for articles related to new york city bankruptcy lawyer also sought articles about bankruptcy lawyers in nj, law firm, and even houston bankruptcy lawyer attorney,filing bankruptcy.

Many individuals presume once they reach the point of declaring insolvency, there is nothing anybody can do and it is nothing more than pronouncing “I am bankrupt”. But there is a great deal more to the method and there isn’t any better step you can take than hiring a bankruptcy counsel to steer you thru to the other side.

Article Source: http://www.articlesbase.com/banking-articles/new-york-city-bankruptcy-lawyer-related-hint-for-chapter-11-bankruptcy-lawyer-4691552.html

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