Author: Roky Binty

My name is Roky Binty and I am a full-time blogger. I love to share finance and business news.

Dec22019 by Roky BintyNo Comments

5 ways financial planning can help if you’re self-employed

Millions of people throughout the UK are now self-employed. Whether you work for yourself or are part of an industry where contracting is commonplace, it can place pressure on your finances. You need to fully manage your financial situation and potentially plan for periods where you’re not earning an income. Working with a financial planner can give you confidence in your career and future security. There’s been huge growth in self-employment in the UK in recent years. According to official statistics:3.3 million people (12% of the labour force) were self-employed in 2001 By 2017, this had increased to 4.8 million people (15.1% of the workforce)There are many benefits to being self-employed, but it often means you need to take greater control of finances in order to ensure ...

Dec22019 by Roky BintyNo Comments

Hire Accountant New York City Now for Yourself

Business

They are all around prepared experts who, to the exclusion of everything else, comprehend the realities that characterize what they do. Before one can begin doing the math, they should see some significant phrasing. Considering that, here are 15 terms that everybody in the bookkeeping business should know:Sarbanes-OxleyThis is one of the most significant bookkeeping laws of the previous century. Made as an immediate reaction to corporate outrages, for example, the Enron disaster, this law considers bookkeepers more answerable for the precision of an organization's budgetary data and expands the seriousness of the punishments in that.GAAPThe Generally Accepted Accounting Principles, otherwise called the GAAP, is a setup set of guidelines for all bookkeeping rehe...

Nov52019 by Roky BintyNo Comments

6 Tips For Investing In Gold And Its Benefits

Finance

Diwali, Dhanteras, Akshay Tritiya, birthdays, anniversaries, weddings – whatever be the occasion, the one gift that never fails to impress is gold. Not only is India one of the largest exporters of gold and precious gems, the domestic market for the yellow metal is also one of the largest in the world. Gold is much more than a mere adornment; it is one of India’s most favoured investment options. Even those with a little to no knowledge of the financial markets invest in gold. Let us have a look at a few tips that one must know when investing in gold. Gold Is An Investment – The first thing you must understand is that like equity or fixed deposits, gold is an investment. It is best not to buy gold for superstitious or sentimental reasons but for financial ones. Ty...

Oct162019 by Roky BintyNo Comments

Things to Know About Low Lost Auto Insurance With No Down Payment

Insurance

Many of the auto insurance companies will provide you with premium payment this is done to get the insurance coverage from the company. This will be tough for the students and some car owners who would have invested all of their money in buying a car. The first and foremost things to be noticed before you buy the vehicle are no down payment or low down payment. Some insurance companies will as you for the complete payment while some other companies will provide you with some time to settle the money. The low cost auto insurance with down payment is mostly possible in the big companies. There are many advantages involved in having a down payment they include:The driver of the car can get Alliance insurance through online even when there is a shortage in cash for paying the complete ...

Sep62019 by Roky BintyNo Comments

How to get the most out of property finance

Finance

When it comes to Property Finance, it is important that you make the right choices, and that includes taking steps toward improving your credit score in order to qualify for lower interest and even getting your property loan approved faster. The following suggestions are some of the best possible ways to get the most out of your property finance;Make a Substantial Down-Payment The best way to get the best interest rates on property finance is to make a sizeable down payment. In most cases, a sizeable down payment will lower your interest rates in the long run and therefore you will pay back much less in total, particularly on the interest. As a minimum, the lender may expect a down payment of 20% on the value of the property, but you will likely get a much lower interest rate if you ...

Sep52019 by Roky BintyNo Comments

When Buying Life Insurance, Always Buy a Term Plan First

Insurance

You can choose from various insurance plans in India. However, it is of utmost importance that you understand your requirements budget before you choose a plan. You need to go for an option that best fits your needs. If you have excess funds, you can divide them into multiple insurance plans.Always start with a term plan A term insurance plan is the first insurance cover you need to buy for yourself. If you have not invested in any plans until now, you need to start with a term plan. It provides a cover for a specific period and in case of death of the policyholder during this period, the nominee will get the entire sum assured. This plan is designed for those who are looking to secure the future of their loved ones. It offers a comprehensive cover at a low premium. One of the top ben...

Aug212019 by Roky BintyNo Comments

How to buy stocks directly from a company

Finance

The stock market today is highly volatile. But this should not stop you from investing. If you are careful and disciplined, it’s not difficult to fetch good returns. A trusted brokerage firm like Kotak Securities would guide you properly and help you get the highest dividends. This is, in fact, the only way to trade in India—you cannot buy stocks directly from a company.Trading through a broker You are not permitted to buy or sell stocks in India on your own. You need a broker to carry out such activities. This is actually a boon in disguise. Still in the dark? The two reasons given below will explain everything:Experience and research: When you trade through a registered and trustworthy stock brokerage firm, you can expect the very best results. The brokers associated with th...

Aug212019 by Roky BintyNo Comments

Business Ideas That You Can Start At Home

Business

Starting a home-based business has become a lot easier due to the introduction of new career options and availability of high-speed internet. Home-based businesses are also useful in generating a reasonable amount of income on a monthly basis. Below are some of the business ideas that you can start from the comfort of your home.Computer TrainingIf you are good with computers and have ample knowledge of various software applications, you can consider training students who are interested in learning the same. Having software knowledge can help students land a job for themselves and therefore, there is an increasing demand for computer training programs. Moreover, you can also include basics such as Microsoft Excel and PowerPoint in your training module. You would be required to ...

Aug212019 by Roky BintyNo Comments

What are the Pros and Cons of Investing in a Fixed Deposit?

Finance

An ideal way to kickstart your investment portfolio is through a fixed deposit (FD). It is not only risk-free and easy to comprehend, but also helps you in growing your wealth. In an FD, your money is held for a specific tenure and you earn interest on it until the date of maturity. FD interest rates are higher than the rates that are offered in savings accounts, which is also a reason why FDs are very popular. The pros and cons of investing in an FD are discussed below. Pros of investing in FDs FDs are considered as an ideal way to start saving money for the future. Its benefits are discussed below.Low riskFDs are not associated with market movement; hence, there is low risk. FDs provide guaranteed returns and are a preferred choice for individuals who have a low-risk ...

Jul312019 by Roky BintyNo Comments

Income Streams You Need Not Pay Tax On

Taxes

It is the duty of every citizen to pay their taxes if they earn taxable income. However, the idea of non-taxable income is something that might intrigue you. You must understand that taxation is not always about paying taxes. It is also about knowing when you need pay them and when you need not. Firstly, the concept of income tax bracket is applicable on every earning member of society. You do not have to pay taxes, or pay a lower tax, if your annual income falls under a certain amount. Below are the brackets you must know about.The income tax brackets for individuals below 60 years of age are:Income tax slab Tax rateUp to INR 2,50,000 No taxINR 2,50,001 to INR 5,00,000 5% on the income over INR 2,50,001INR 5,00,001 to INR 10,00,000 INR 12,500 + 20% of the income ov...