Tips and Tricks to Save Time and Money When Required to Travel for Business

Advancements in technology in aeroscience have significantly lowered the cost of air travel to the point where companies are better off paying for travel expenses than hiring multiple people for the same role. People who work these kinds of jobs are lucky that they get to see some cool places, but it’s time consuming and living in a hotel room can get old fast. If your job requires you to travel, here are some tips and tricks we’ve come up with over our combined years of experience.

  • Make a “Go” Bag, Keep it Packed and Ready to Go at All Times
    • Go to your local big box retailer or favorite luggage supply store and look for a nice sized carry on and travel garment bag. Be sure the carry on will be small enough to not cause issues, yet big enough to hold your stuff. When you are at home before you take off, have plenty of business cards and other promotional tools made up, and keep them in a side pocket.
      • Buy travel toiletries.

Since you will be flying a lot, get a solid and durable travel toiletry bag. Check the TSA rules and regulations. They have size restrictions and must be 100% transparent. When you pack your carry on, always pack it at the top to speed up all security lines.

  • Do laundry

If you are traveling for longer than normal, don’t back a new bag. INstead take advantage of the hotel laundry service, chances are you can charge it as a company expense and it’s incredibly convenient. If you can’t get the company to expense it, you can do it cheap at a local laundromat.

  • Book in Advance and Bundle to Save Money
    • Check all of the most popular travel websites for promos and deals. Usually these sites will allow you to turn on low fare notifications if you know your travel dates. This way you don’t waste valuable time checking fares everyday.
      • Bundle car, hotel, flight.

Another great feature of these sites is the ability to bundle your flight, rental car, and hotel room all into one reservation for added savings. Not only does this save you money, but it makes everything a lot easier on you when you finally arrive after a hard day in transit.

  • Always look for long stay discounts.
  • Look for Rewards Programs

Since you are making the reservations but the company is paying for it, you basically get free rewards at the expense of the company. We suggest you find an airline you prefer, hotel you love, and rental car company that offer rewards and loyalty points. After they add up, you can use them when you finally take a personal vacation.

  • Keep a Constant Supply of Healthy food at Home for When You Return

There can be nothing worse than travelling all day to come home to an empty fridge or freezer. Get a supply of Medifast foods so you will always have something healthy and easy to prepare after those long days of travel coming back home.

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Saving Money the Smart and Easy Way

When it comes to our personal finances, we can find our selves understandably deeply invested in our future. (Get it?) However, saving money is hard, as there are several products and companies vying for our attention and, more importantly, our money. It can be a real slog to save money in a world designed from the ground up to rob you of your hard earned cold hard cash. However, there’s some good news in the form of some bad news, and that’s that you’ve been habitually over paying for products and services for years now, and this over paying is easier to avoid than you might think. Here are some tips to help you save money.

First and foremost, let’s talk about luxury items. We should all strive to cut frivolous purchases out of our budget to the fullest extent possible, though I know the importance of creature comforts in maintaining morale and mental health, so it’s not advised to cut out all luxury spending. However, this means that you may want to hold off on those Pumas you’ve been waiting for just a little longer. We’re often bullied into buying things we don’t need and being made to think we need things we simply don’t, and that wreaks havoc on our wallets and bank accounts if we’re not careful.

Another way to save money is by simply spending money in a smarter way. For example, keep your eyes lower to the ground in grocery stores to find off brand products that can save you money and are almost always just as good as the “real” thing. Big name brand products have exclusive rights to eye level shelves, so casual shoppers over spend by default. A more observant shopper can make a killing, however, simply by being vigilant. Then, there are coupons, sales, and other cost cutting offers to help you step up your savings to a whole new level. Eagle eyed shoppers can get most, if not all, of their shopping done at a deep discount by simply paying attention to sales.…

Best superannuation fund

What are my Benefists and my Loss in Self-Managed Super Funds

There are now 577,000 self-managed super funds keeping $622 billion in purchases. A lot more than 1.1 million Australians have finally turned away from retail or industry funds with another $1.7 billion of account outflow to self-managed superannuation funds for the quarter stopping September 2016.

There is good news for both male and female SMSF customers, with the average member balances for females now up to $498,000 and for males, $633,000. The feminine average member balance increased by 24 % above the five-year period, while the male average member balance increased by 17 per cent over the same period.

So while more folks are taking control of their superannuation, here are a few reasons why over the million peoples are choosing to have their own super fund plus some of the traps to avoid.

The control has been you

When you set up a self-managed super funds, you feel a trustee of the fund.  You can make a decision about how much to contribute and where to invest that money but you do have obligations so ensure you understand these and the guidelines.

Cost efficiency

Organised properly, an SMSF can become more affordable than possessing multiple superannuation funds. Ensure you do your characters first as typically bigger balances will get more cost efficiencies.

Tax efficiency

You may minimize tax payable by utilizing smart strategies customized to specific participants. Payment of tax can be deferred and if investing in stocks, unnecessary imputation credits are fully refundable to the self-managed super funds.

Family fund

A self-managed super funds is a finance where you can have up to four members of the family with pool money and investments as opposed to each having a separate super fund. Additionally it is one of the very most flexible and tax-effective ways for a member to provide lump sums or income streams to his or her surviving spouse. Customers will have different appetites to risk and ages can vary greatly so make sure your investment strategy caters for this. See more

Flexibility

Multiple accounts can be proven for a member in pension and income options can be designed specific to their needs.

SMSFs aren’t for everyone and you should seek expert advice to determine whether it is right for you and whether the benefits outweigh the costs. Typically the bigger your balance, the more cost effective they can become.  Also retain in mind that don’t assume all financial adviser is certified to advise in the self-managed super funds area so ensure you speak to person who is.

To be a trustee, there are a variety of commitments you must meet even though some trustees go it only, you need to have the time and skills to do it as breaching the guidelines can mean that you lose tax concessions and be heavily penalized.

Partnering with a professional financial adviser will help you determine the best investment technique for your circumstances, monitor the conformity and guide you with what is and isn’t allowed under the legislation. Keep in mind, your super money should be monitored expertly so seek the advice of a self-managed super funds financial adviser who has the skills and experience in this specialized area to make sure your retirement is an extended one.

See more details here: http://www.microtrade.org/5-things-you-should-know-before-setting-up-your-smsf/

Self-managed super funds: Benefits and risks of going solo

Going back few years, more young Australian’s have a business lead the charge as it pertains to taking control over their self-managed superannuation with figures from the Australian Taxation Office exposing that the median years of users of newly founded self-managed super money reduced to 48 years, in comparison to 59 years for all those SMSF members.

577,000 self-managed super funds are positioning $622 billion in assets. A lot more than 1.1 million Australians have finally turned from retail or industry money with another $1.sept 2016 7 billion of finance outflow to self-managed superannuation money for the 1 / 4 concluding.

There is exquisite news for both male and feminine SMSF customers, with the common member amounts for females now up to $498,000 as well as for men, $633,000. The female average member balance increased by 24 % over the five-year period, as the male average member balance increased by 17 % over the same period.

So while more Australians are taking control of their self-managed superannuation, here are a few reasons why on the million Australians opting for to obtain their super-fund plus some of the traps to avoid.

Greater than a million Australians have considered self-managed super money:

The control has been you

When you set up an SMSF, you feel a trustee of the finance.  You can determine how much to add and where you can invest that money nevertheless, you do have tasks so make sure you understand these and the guidelines.

Cost efficiency

Organised properly, self-managed superannuation can become more affordable than retaining multiple superannuation money. Make sure you do your information first as typically much larger amounts are certain to get more cost efficiencies.

Tax efficiency

You may minimise duty payable by utilising smart strategies personalised to particular people. Payment of taxes can be deferred and when investing in stocks, surplus imputation credits are refundable to the SMSF completely.

Family Fund

An SMSF is a finance where you could have up to four families with pool cash and investments instead of each having another super fund. Additionally, it is one of the very most adaptable and tax-effective ways for an associate to provide lump amounts or income channels to his / her surviving spouse. Users will have different appetites to associated risk and age groups can vary greatly so make sure your investment strategy attracts this. Click here !

Flexibility

Multiple accounts can be proven for an associate in pension, and income options can be designed specific to their needs.

SMSFs are not for everyone and you ought to seek expert advice to determine whether it’s best for your family and if the benefits outweigh the expenses. The bigger balance typically, the less expensive they may become.  Also, retain in mind that don’t assume all financial adviser is qualified to suggest in the self-managed super fund area so make sure you speak to the person who is.

As the trustee, there are a variety of commitments you must meet even though some administrators go it by itself, you must have enough time and skills to do it as breaching the guidelines often means that you lose duty concessions and become heavily penalised.

Partnering with a specialist financial adviser shall help you determine the best investment technique for your circumstances, monitor the conformity and show you using what is and isn’t allowed under the legislation. Keep in mind; your super money should be maintained appropriately so seek the advice of any self-managed superannuation financial adviser {www.smsfselfmanagedsuperfund.com.au} who gets the skills and experience in this specialised area to make sure your retirement is an extended one.

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Best superannuation fund

Keeping Track Of Superannuation Rules

Superannuation, a particular description for your retirement fund, is a prevalent initiative in most Western Countries. In many countries, it is even mandated by the Government whereby employers are required to pay a percentage amount of an employee’s salary into a separate account, usually a superannuation fund. This amount is saved up until you reach the conditions of release, either because you have reached a certain age, usually 65, or because you have an illness, or you meet another condition of release, as outlined by the Government.

Over a long period of time, the rules and regulations with regards to your superannuation has evolved, and is continuing to evolve, so it is essential to keep track of it. This includes legislation, regulations from the authorities, legal precedents, etc.

For example, one rule that covers superannuation is the Superannuation Guarantee law. Workers between 18 and 70 years of age and earning over $450 per month are covered by the Superannuation Guarantee Law, which means their employer is required to pay an additional 9% of their wages into their superannuation fund. In addition, people can also choose to contribute directly to their superannuation fund. In some cases, the Government will pay an additional amount for every dollar you have contributed to your retirement fund voluntarily. This is called the Government co-contribution scheme. To further boost your super fund, you can also opt for setting aside a certain amount from your salary to contribute to your superannuation fund automatically each month. Check more from http://smsfselfmanagedsuperfund.com.au

Whether you are with an industry super fund or a self-managed super fund (SMSF), it is a strict rule that you can only access your funds when you meet the conditions of release. This could be meeting your retirement age, which is 65 years old and no less. However, there are special circumstances where the government allows you to access your super fund earlier. An example is when you are sick and the expenses incurred are not paid for by Medicare. Another special circumstance is overseas citizens working in other countries temporarily. In most cases, they can access their superannuation when they leave the country for good.

Best superannuation fundDepending on what kind of superannuation fund you choose, there are certain rules of how you can invest your money. You can choose the type of superannuation funds that best suits your circumstances, whether an industry fund, and a self-managed super fund (SMSF) or another type of fund. The most common ones are the Public Sector Employee Funds (for public employees), Employer Stand-alone Funds (created by employers for their employees), and the Self-Managed Super Funds (you can manage your own funds with strict regulations from the government). Learn more here!

If you have been keeping up with Australian Superannuation Rules, you will notice that there have been changes over the years. However, all changes are aimed to improve how people manage their superannuation and benefit from it.

Having a professional explain the details on how you can manage your funds is always a good choice. You can seek independent expert advice from lawyers, financial planners, superannuation accountants, independent SMSF auditors or any other industry specialist.…

SMSF investment

A Brief Guide to SMSF Investment Strategy for Beginners

SMSF or Self-Managed Super Funds are one of the best options when anyone wants to plan their future after retirement. This is mainly because you can have full control and flexibility over your SMSF and use it to invest your monies wisely. In fact, the very basic rule associated with SMSFs is that the trustees must decide and implement an investment strategy. It is basically a detailed plan of the finances that is put together by the trustees of the fund. More or less, all strategies are a set of rules, which are the driving force behind various investments to be done in the future by the trustees.

How to prepare an SMSF investment strategy?

Any investment strategy is set in place to achieve most or all of your SMSFs investment objectives. Speaking of investment objectives, they can be pre-decided and set by the trustees. They can do this by going through the profile of each fund member in detail. They can also analyze various assets and risk tolerance of the members to achieve the objective.

Once an investment objective is in place, the trustees can move towards preparing an investment strategy by using their knowledge. This is the reason why it is mandatory for all trustees of the fund to have a detailed knowhow of financial terms, such as SMSF borrowing or SMSF auditors to take an informed decision that benefit each of the fund members.

Now, let us take a look at some of the nitty gritty associated with SMSF setup.

Although there are numerous investment options to choose from, three of the most popular ones are direct shares, property investments and cash. Apart from these, you can also invest in collectible, managed investment schemes, listed and unlisted trusts among others.

An investment strategy takes into consideration the present financial needs as well as the future financial needs of each fund members. Moreover, it is planned out only after a detailed analysis of each of the members risk preferences. Read the news from http://thenewdaily.com.au/money/superannuation/2016/12/23/smsf-owners-getting-younger-and-women-doing-better/

→ It is the trustees, who have to take the decisions regarding investing the fund assets and document and monitor the performance on a regular basis. If required, they may even update the investment strategy for the people.

SMSF investment→ Sometimes, it is essential to update the SMSF investment strategy as and when there is change in risk preferences or the financial expectations of the members, the introduction of a new member, death of a member or deteriorating health of a member among other reasons.

There are also certain investments that are prohibited. To understand this, the very first thing that the trustees should ensure is that they must comply with the latest SMSF laws. Some examples of prohibited investments are as follows:

→ The SMSF should not make loans to any fund members or their relatives

→ Any investment made should not breach any rules

→ There are restrictions on acquiring assets from related parties, which much be observed

So, this was SMSF investment strategy is a nutshell. Post your comments about the same and feel free to share your tips as well.…

Australian Taxation Office

5 Things You Should Know Before Setting Up Your SMSF

With lacking returns last year from most super funds, people are looking to put their money elsewhere, mainly to self-managed super funds (SMSF). However, before you go transferring all of your retirement funds into a SMSF because of a bad superannuation return statement, there are many things to consider.

1. Will an SMSF really benefit your returns? Many people rant and rave about the fees superannuation funds charge, but, the truth is, if you don’t have the time, focus or knowledge to manage your own super fund, an SMSF may not be for you. Alternatively, if you do have all of these things, then you could be looking at far higher yearly returns on your retirement fund.

2. What is your investment strategy? When you open a SMSF you effectively become your own fund manager. For the technical and administrative component (which is about 10%), it will often be outsourced to accountants. The part of a self managed super fund that will take up the most time is sourcing and managing places to invest your money. Developing a sound investment strategy will allow you to reap the benefits of a SMSF and ultimately take control of your money. Reviewing your self managed super fund investment strategy should be a regular occurrence to keep up with market trends and changes.

3. Who will be the nominated trustees on your SMSF? Before setting up your account, aside from your own name, you’ll need to understand who else will be trustees of your self-managed super fund. You can have up to four names on the account, but they cannot be your employees (unless they’re related). Alternatively, you can nominate a company as the trustee so long as the company directors and fund members are one and the same. However, you still must have only four names on the fund and they cannot be employed by you.get more details from http://www.smh.com.au/federal-politics/political-news/tax-office-faces-explosion-of-complaints-amid-thousands-of-job-cuts-20161230-gtjrob.html

4. Do you understand your trustee obligations? The Australian Taxation Office has made many attempts over the last few years to help instruct trustees on what their roles and responsibilities are in the management of a SMSF through various publications. If you receive any communications from the tax office, be sure to thoroughly read everything. If you have any questions call the ATO or your accountant.

Australian Taxation Office5. Is your deed current and correct? A deed is the bible by which you’ll run your self-managed super fund, so if the deed is unclear as to what you should do in certain situations or isn’t up to date with legislation, then it is not a good guide. For instance, some people have misunderstood that the blanket statement in most deeds which says “if the deed is inconsistent with the legislation, then the legislation will prevail”, will cover any future changes in the law. This is actually not true.

With lacking returns last year from most super funds, people are looking to put their money elsewhere, mainly to self-managed super funds (SMSF). Before you go transferring all of your retirement fund to a SMSF, there are many things to consider.…