Hazel Calvin


6 Benefits of Current Accounts for Startups

Startups are driving innovation and economic growth in India, and managing finances effectively is crucial for their success. One essential financial tool that can significantly benefit startups is a current account. In the Indian context, a current account offers several advantages that can help startups streamline their financial operations, build credibility, and navigate the challenges of running a business.

Separation of Personal and Business Finances

Startups often begin with limited resources and rely on personal funds for initial investments. However, as the business grows, it becomes essential to separate personal and business finances. Opening a current account allows startups to maintain clear demarcation between personal and business transactions. This separation facilitates accurate financial record-keeping and simplifies tax compliance. It also ensures that personal expenses do not get mixed with business expenses, providing a transparent view of the company’s financial health.

Professional Image and Credibility

In the competitive startup ecosystem, maintaining a professional image is crucial for building trust and credibility. Having a current account adds to the legitimacy of a startup, showcasing its commitment to professionalism and proper financial management. It signals to clients, vendors, and investors that the business operates on solid foundations and is dedicated to maintaining transparent financial practices. This professional image can open doors to new business opportunities and establish long-term partnerships.

Access to Banking Services and Facilities

Current accounts offer a wide range of banking services and facilities tailored to the needs of startups. These include chequebooks, debit cards, online banking, and mobile banking applications. Such services allow startups to manage their finances conveniently and efficiently. Startups can make and receive payments, transfer funds, pay bills, and perform other essential banking operations seamlessly. Accessible banking services save time and effort, enabling entrepreneurs to focus on core business activities.

Transaction Tracking and Analysis

Tracking financial transactions is critical for startups to understand their cash flow, monitor expenses, and analyze their financial performance. Current accounts provide detailed transaction statements that offer valuable insights into spending patterns and cash flow dynamics. Startups can review these statements regularly to identify areas where costs can be reduced, optimize cash management, and make informed financial decisions. Transaction analysis enables startups to evaluate the profitability of various revenue streams, identify potential inefficiencies, and take corrective measures to improve operational efficiency.

Access to Business Loans and Credit Facilities:

Startups often require additional funding to fuel their growth plans or meet working capital requirements. Having a current account enhances a startup’s eligibility for business loans and credit facilities from banks and financial institutions. Lenders consider current accounts as an indication of financial stability, regular cash flow, and disciplined financial management. With a current account, startups can present a comprehensive financial history, making it easier to secure financing for expansion, inventory management, hiring, or other business needs.

Ease of Compliance and Taxation

Complying with legal and regulatory requirements is essential for startups in India. Maintaining a current account streamlines compliance with financial reporting and taxation obligations. Financial transactions recorded in a current account provide a clear audit trail, minimizing the risk of errors or omissions during tax audits or scrutiny by government authorities. Moreover, having a dedicated current account simplifies the filing of income tax returns, as all business-related transactions are readily available, ensuring accurate reporting and reducing the likelihood of tax-related issues.

In conclusion, for startups in India, having a current account offers a multitude of advantages that are instrumental in their financial management and overall growth. From the separation of personal and business finances to the access to banking services and facilities, startups can effectively streamline their operations and present a professional image to stakeholders. Moreover, current accounts provide transaction tracking and analysis capabilities, enabling startups to make informed decisions and optimize their financial performance. The availability of business loans and credit facilities is another significant benefit, allowing startups to secure funding for their expansion plans. Additionally, a current account simplifies compliance with legal and taxation requirements, ensuring a smooth and transparent process. By taking advantage of these benefits, startups can establish a strong financial foundation, build credibility, and focus on their core business activities, ultimately positioning themselves for long-term success in the Indian startup ecosystem.

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How is debt-to-income ratio related to personal loans – Know here

Managing personal finances effectively is crucial for a secure financial future. When considering personal loans, it is essential to understand the concept of debt-to-income ratio and its significance.

What is a debt-to-income ratio?

Your debt-to-income ratio is a financial metric that measures the proportion of your monthly debt payments to your monthly income. It is expressed as a percentage and provides insight into your ability to manage and repay your debts. In simple terms, it helps lenders evaluate your creditworthiness by determining if you have a reasonable debt amount in relation to your income.

How to calculate the debt-to-income ratio?

Calculating your debt-to-income ratio is relatively straightforward. To determine it, follow these steps:

Step 1: Add your monthly debt payments, credit card payments, loan repayments, and other regular debt obligations.

Step 2: Calculate your gross monthly income. Consider all sources of income, including salary, bonuses, rental income, and investments.

Step 3: Divide your total monthly debt payments by your gross monthly income.

Step 4: Multiply the result by 100 to get the percentage.

For instance, if your total monthly debt payments amount to Rs 25,000 and your gross monthly income is Rs 75,000, your debt-to-income ratio would be (25,000 / 75,000) x 100 = 33.33%.

Why is the debt-to-income ratio important?

Loan eligibility: Lenders use the debt-to-income ratio as a primary criterion to assess personal loan eligibility. A lower ratio indicates less debt. If your debt burden is lower, your chances of getting approved loan are higher.

Financial stability: Maintaining a healthy debt-to-income ratio is crucial for overall financial stability. It ensures you have enough disposable income to cover your expenses and save for your future.

Repayment capacity: A lower debt-to-income ratio signifies a higher ability to meet your loan repayments promptly. Lenders prefer borrowers with a lower ratio, which indicates a reduced default risk.

Borrowing capacity: A higher debt-to-income ratio may limit your borrowing capacity, as it suggests that a significant portion of your income is already allocated towards debt payments. This can make it difficult to secure additional credit or loans.

How does it relate to personal loans?

A personal loan might be a good option if you need money for things like consolidating debt, renovating your home, or unexpected expenses. However, whether you can get approved and how much you can borrow depends on your debt-to-income ratio. Lenders consider This important factor when deciding whether to give you a personal loan.

Lenders typically have guidelines regarding the acceptable debt-to-income ratio for personal loans. Different lenders may have varying guidelines, but having a lower ratio can improve your chances of approval. It may enable you to obtain a larger loan at a favorable interest rate.

Additionally, maintaining a low debt-to-income ratio is essential when considering the repayment of personal loans. Keeping your ratio in check ensures that your monthly loan payments are manageable and do not strain your finances.

To wrap up

Understanding and managing your debt-to-income ratio is crucial when considering personal loans. Remember to keep your debt obligations in check, maintain a balanced budget, and make informed borrowing decisions.

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Why Opting For An Instant Personal Loan Is Right For You?

Instant personal loans are the go-to alternative for those looking for financial guidance without having to face the inconvenience of long and exhaustive paperwork and lengthy disbursal waiting times. Travel assistance, health-related expenses, marriage, coaching fees, etc., are all covered under personal loan finance.

A few of the many benefits of opting for an instant loan include pocket-friendly installments to prompt credit of the amount of loan that needs almost little to zero paperwork.

But the main question is how personal loans work, and what benefits do they come with? Let us find out.

There are two primary categories of personal loans: secured and unsecured. Both come with their own set of perks and cater to different purposes.

With the help of secured personal loans, the applicant must provide collateral to avail of the loan amount. Some instances of secured personal loans consist of mortgages for a home or auto loans.

On the other hand, unsecured personal loans are the most widely applied for personal loans since they do not need collateral, and such types generally come in handy for several reasons, such as marriages, student loans, etc.

However, in both types, the loan applicant gets the loan amount as a lump sum that gets credited to their bank account. The interest rates to redeem the loan amount are also pre-specified in most cases, and the loan amount can be redeemed back in installments through a specific tenure determined mutually by the applicant and the lender.

Benefits Of Applying For A Personal Loan:

There are several appealing reasons to avail of a personal loan that are mentioned as follows:

  • Prompt Credit:

The applicant will get the loan amount in their bank account a day after completing the online personal loan application procedure.

  • Safe And Convenient Online Process:

You can easily make an application for a personal loan smoothly on any reliable personal loan app or website within a few minutes. Both the application and approval processes are super-fast, with zero paperwork required. The virtual KYC procedure is also quite straightforward, and the applicant can browse a plethora of options to check for personal loan interest and much more.

  • No Collateral Required:

Unsecured personal loans do not require the applicant to provide collateral. This is immensely helpful for people who do not have much collateral to offer but need loans having a huge amount for circumstances such as medical bills, tuition fees, marriages, and much more.

  • Huge Borrowing Limits:

With the help of any convenient online loan app, you can easily apply for personal loans ranging from Rs. 50000 up to Rs. 1000000.

  • Simple Repayment Procedure:

Repaying off personal loans with various leading online loan platforms is easy. You can redeem with flexible installment terms. You can choose from a wide array of alternatives before choosing the duration of the repayment procedure.


Get a smooth and seamless experience in getting a personal loan with a personal loan app that suits you the best. The online loan platforms come with varied interest rates, repayment durations, and much more to explore; you can effortlessly get a personal loan of up to Rs. 1000000 within a few minutes.

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Attention Diners: You Have Always Paid for Staff Benefits

Living in a culture seemingly hell-bent on finding new reasons to be enraged isn’t easy when you’re the type of person who prefers a laid-back, chilled-out kind of lifestyle. That’s me. So imagine my dismay to learn of the latest source of consumer rage: restaurants adding a fee to patron bills for the purposes of covering staff benefits.

This is no joke. A small number of restaurants have started adding the fee to diner checks. It seems to be a growing trend. But here’s the reality: all they are actually doing is making the fee visible to customers. Those customers have always paid for staff benefits. The only difference is that escalating costs are being tacked on as additional fees rather than rolled into higher menu prices.

A Sign of Consumer Ignorance

Diners outraged by staff benefit fees are only demonstrating their ignorance of all things business. StarMed Benefits (insurance penalty calculator), a Las Vegas-based third-party administrator of self-funded health plans, recently published an excellent blog post explaining it all. It is a good read.

As StarMed explains, restaurants are no different than any other business in that they set their prices high enough to cover their costs and make a profit. Staff benefits are a cost of doing business. It doesn’t matter whether a restaurant chooses a fully insured health plan or a less expensive self-funded plan. The cost of the plan needs to be covered by their revenues.

Who provides those revenues? Diners. When diners pay for a meal, they pay for more than just the food itself. They also pay for everything that goes into the dining experience: wait service, utilities, rent/mortgage payments, insurance, office supplies, linens, and so on.

That’s Why Prices Go Up

What seems to escape the perpetually offended is the fact that prices go up commensurate with the cost of doing business. If it costs a restaurant more to keep waitstaff on the payroll, the extra amount is rolled into higher prices. Likewise for higher utility costs, higher food costs, etc.

I am mystified as to why this escapes so many people. I’m also interested to know how those enraged by this new trend (which is a bad one, by the way) think their own employers cover benefit costs. Higher health plan costs mean three things: higher contributions from employers, higher contributions from employees, and higher prices passed on to customers.

This is the way business works. Companies do not conduct business to lose money. They are not willing to accept lower margins just so they don’t have to raise their prices. That’s another key thing that so many people don’t understand. Margins are important.

Business Has To Be Worth It

A company’s margin is expressed as a percentage of total revenue that constitutes profit. It can be illustrated with simple math. Let’s say you sell a product at $100. Your total cost to furnish that product is $75. That means your profit is $25. As a percentage of total revenue, your margin is 25%. In other words, 25% of what you made is profit.

Businesses establish margins as a way of determining whether doing something is worth the effort. No company is going to stay in business with a margin of 1%. Even 10% is right on the edge. If margins are not high enough, there is no point in continuing because the owners of that business cannot actually make a living.

All of this is economics 101. Unfortunately, it seems beyond the grasp of the perpetually enraged. Restaurants choosing to list staff benefit fees on diner checks are finding out the hard way.

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Learn how to invest in gold ETFs

Gold has always been an integral element of Indian culture and traditions. From weddings and festivals to religious and special occasions, gold symbolises prosperity and good fortune.

For generations, Indians have invested in physical gold as a way to secure their wealth and protect against inflation. However, with the digitisation of the investment industry, buying gold has also become digital. This means that you can now invest in Gold Exchange-Traded Funds (ETFs) without worrying about the safety and storage issues that come with owning physical gold.

What is a gold ETF?

Gold ETF is an exchange-traded fund that invests mainly in gold. Just like stocks, you can buy and sell these funds on the stock exchange. They are similar to open-ended mutual funds, but they are focused on gold and its fluctuating prices.

When you invest in a gold ETF, you are buying units that represent a certain amount of gold. One unit of a gold ETF is equal to one gram of gold. The advantages of investing in gold ETFs are the flexibility, liquidity, and diversification they offer. Since they are listed and traded on stock exchanges, these investments are regulated by strict guidelines and offer more protection than physical gold.

Steps to invest in gold ETFs

To invest in gold ETFs online, you need a demat account and a trading account. Provide the relevant documents and information as per the requirements. After that, you can buy/sell units online or monitor their performance. Here is how to do it.

  • Compare gold ETFs: Research and select the gold ETF that matches your goals, risk profile, and return expectations. Check its expense ratio, liquidity, past performance, fund manager, and evaluate other parameters.
  • Place your order through an online portal: Log in to your trading account on the broker’s website or app. Enter the gold ETF investment details, such as the number of units or the amount you want to invest. Review the order before placing it.
  • Confirmation of purchase: Once your purchase order is matched with a corresponding sell order on the stock exchange, you will receive a confirmation of the transaction. This confirmation is usually sent to you via SMS or email.
  • Transaction charges: Brokerages charge a nominal amount as transaction fees for buying and selling gold ETFs. Evaluate the charges associated with your trades beforehand and factor them into your investment decision.

Why should you buy a gold ETF?

  • Liquidity: Gold ETFs make it easy for investors to buy and sell gold online with just a few clicks. This is more convenient than selling or buying physical gold bars or coins.
  • Cost effective: Gold ETFs generally have lower expenses than most other types of mutual funds.
  • Diversification: A gold ETF can provide diversification in the sense that gold tends to have a low correlation with most asset classes. For example, when the stock markets crash, gold usually holds its value which can help you balance out the losses. Investments in gold ETFs can also protect you against inflation and currency fluctuations.
  • Transparency: Gold ETFs provide investors with transparency in terms of pricing and holdings. The price of a gold ETF is linked to the market price of physical gold, minimising the chances of manipulation.

To conclude

With low expenses, ease of trading and storage, transparency, safety, and a high level of liquidity, gold ETFs help you capitalise on the benefits of gold investment without the hassle of physical ownership. There are multiple online platforms where you can easily buy gold ETF with real-time updates. However, financial guidance is important to determine the right allocation as per market trends and to map out an investment strategy.

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Australian regulators reclassify buy now pay later as credit under new laws

Australia led the buy now pay later innovation and popularised the payment method globally during the pandemic outbreak. Ever since, the payment method has been used by millions of customers globally, transacting billions of dollars in value every year. The flexible payment solution is a lifeline for many even today, as rising inflation and subsequent surge in product prices in creating havoc.

After leading innovation in the sector, Australia is now leading the way in regulating the fast-growing market. Authorities, in May 2022, announced the country will regulate buy now pay later services as consumer credit products under the new laws. It means that the new regulations would force providers to carry out checks before extending short-term loans to consumers.

  • The Australian government has been seeking to regulate the fast-growing sector for a while now. In November 2022, the Treasury released three different options for regulating the BNPL sector in Australia, which also included regulating the payment solution under the existing credit laws.
  • The move to regulate comes on the back of a litany of issues reported to the Australian Securities and Investment Commission (ASIC), which largely concentrate on the fact that unacceptable levels of unaffordable lending were taking place in the Australian BNPL sector.

Australia, along with the United Kingdom, is among the two countries that have sought to regulate BNPL services as a standard credit product. Under the new laws, BNPL providers in Australia will not only have to get the credit license to extend short-term loans to consumers but will also put providers like Afterpay and Zip Co under the watch of ASIC.

The regulatory proceedings are expected to hurt the operations of players like Afterpay and Zip, which are competing with conventional banking institutions to garner market share in Australia. As a part of a wider review of the sector, ASIC also revealed that it had asked Humm Group to suspend new sign-ups in Australia. While the Humm Group is cooperating with the regulators, the inability to register new users will further hurt the firm, which is already struggling amid the soaring interest rates.

While the payment method ballooned during the pandemic outbreak and consumers in large numbers flocked towards flexible payment methods in the form of BNPL, the last few quarters have been difficult for the overall market. In Q1 2023, many of the leading names such as Affirm, Latitude, and Openpay collapsed in Australia.

  • Affirm, in March 2023, announced that the firm is quitting operations in Australia. The announcement comes a month after the firm laid off 19% of its workforce. Growing competition and a rising interest rate environment are among the factors that have forced the firm to exit Australia.
  • Latitude Group, in February 2023, also revealed that it has scrapped the BNPL offering in Australia. The firm launched LatitudePay in September 2019 when the payment method was surging in popularity among consumers. The firm cited uncertainty around the regulatory environment as the reason behind the takedown.
  • In 2023, Openpay became the first major player in the Australian BNPL market to fall, after the firm entered into receivership. Declining cash flow, increased cost of borrowings, and bad debts were among the factors that have led to the fall of Openpay in the Australian market.

Furthermore, with the growing pressure on investors who are willing to see profits from their investments, some of the leading players like Zip are also retreating from their global expansion plans. Zip, in Q1 2023, revealed that the firm is backing down on its expansion plan, either by selling or winding down operations in 10 of the 14 global markets where it operates. The firm had already announced its exit from markets like the United Kingdom, Singapore, and the Middle East.

Read More – Affirm losses grow in FQ3’23; firm cites bank failures and rising interest rates

PayNXT360 expects these trends to further continue from the short to medium-term perspective, as the interest rate environment continues to dampen the margins for BNPL providers in Australia. The regulatory changes mean the compliance burden will also increase on these firms. This, coupled with the growing competitive landscape and entry of big global giants, means that the weaker names will continue to collapse in the Australian BNPL market in 2023.

  • Apple, which unveiled in Pay Later service in March 2023, has a strong presence in the Australian payments market. Apple Pay, for instance, has a strong market penetration in Australia. PayNXT360 expects Apple to build the Pay Later service on top of its Apple Pay solution. The strong market penetration in the Australian market means that Apple is set to give tough competition to market leaders such as Afterpay, Zip, and Klarna in 2023.

Although some of the big names have collapsed in the sector and the market is projected to remain under pressure in H2 2023, the strong demand for flexible payment services means that the market will continue to grow in Australia. According to PayNXT360 estimates, BNPL payments are expected to grow by 20.5% on an annual basis to reach US$14.24 billion in 2023. The market, from 2023 to 2028, is projected to grow at a compound annual growth rate of 10.9%. As a result, the gross merchandise value will increase from US$11.8 billion in 2022 to reach US$23.93 billion by 2028.

Read More – Klarna continues to move beyond a buy now pay later service with a suite of new feature launches in 2023

Read More – Strategic alliances lead to new BNPL solutions in 2023

The data indicates that there is plenty of headroom for growth in the Australian BNPL market. With the introduction of new laws, the market is also expected to grow at a sustainable pace by following the norms of responsible lending. This will also help the firms in reducing the bad debt problem, which has been long plaguing the BNPL market in Australia.

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Mark Hauser Explores Credit Card Fraud; Underscores Strategies to Prevent Fraud

As the co-managing partner at Hauser Private Equity with almost four decades of industry experience, Mark Hauser knows a thing or two about the financial world. Born in Cincinnati to former pro football player Art Hauser, Mark would navigate the financial world after graduating from Miami University of Ohio with a Degree in Finance.

Most recently enjoying the categoric rise of Hauser Private Equity, Mark has taken time out of his day to tackle some of the most common and pressing options in the financial world: credit card fraud.

Let’s buckle up and explore the realities of credit card fraud while understanding the dangers that the crime can provide, all backed by knowledge from Mark Hauser.

What Is Credit Card Fraud?

Credit card fraud is a term that refers to several types of crime that involve the illicit use of a credit card. Fraudsters can take advantage of a stolen, canceled, or otherwise revoked credit card to obtain something valuable. As an example, a credit card thief can get a cash advance or make a purchase, sometimes without even having the card in their possession!

While working at Mark Hauser Equity, Hauser had to maintain awareness of the many ways that credit card fraud can impact consumers in every financial bracket. A criminal can adopt an individual’s identity to use it to commit other crimes, thus harming the original victim even more.

Different Forms of Credit Card Fraud

While credit card fraud can be reduced to the illicit use of a credit card, the truth is that there are many more subtypes of fraud than we have explored already. Determined criminals can get creative in the way they take advantage of fraud opportunities, so watch out for the following potential outcomes.

  • Stolen/Lost Card – If you forget your card at a payment terminal or simply drop it from your wallet, an opportunistic individual could take advantage. This is one of the most common forms of credit card fraud.
  • Cloned Card – Mark Hauser acknowledges the frustrating challenges that technology can impose, pointing to card skimmers and cloned cards as a significant issue for consumers. Fraudsters can use a scanning machine to clone an individual’s card effectively.
  • New Account – Potentially the most damaging type of fraud out of them all, new account fraud includes the utilization of a person’s private information to open a new credit card in their name, running up the limit and ruining their victim’s credit score along the way.

Minimizing Credit Card Fraud

Ultimately, Mark Hauser acknowledges that financial fraud is here to stay and that we have to take some ownership over how we prevent ourselves from becoming victims. To best offset potential credit card fraud, it is essential to stay alert for card skimmers, avoid public WiFi for card purchases, and always keep your eyes on your card.

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Options trading for retirement: Tips and strategies to build your nest egg

Options trading is a financial strategy that allows investors to buy and trade options contracts. These contracts allow trading an underlying security at a predetermined price but do not require the investor to do so. The investor who buys the option contract has a long position, while the one selling it has a short position. Options can provide considerable leverage and potential return on capital, but they can also be risky.

Options trading for retirement can be a powerful tool to help you build your nest egg. When you buy options, there is a potential for higher returns, but it’s essential to understand the risks before investing. Here are some excellent tips and strategies to help you make intelligent decisions as you trade for retirement:

Start early

The earlier you start to buy options in Singapore for retirement, the more time your shares and investments will have to grow. Starting sooner than later also allows compounding interest to work in your favour. Any profits you make can be reinvested into the markets, potentially earning even more significant returns.

Understand the risk/reward ratio of different strategies

Options offer traders a range of strategies with varying degrees of risk and reward, including covered calls, long puts and bull spreads. It’s essential to understand the different strategies and how they work in various markets before you start trading options for retirement.

Create a diversified portfolio

Options can be used to create a diversified portfolio of investments. You should develop an investment strategy that fits your risk tolerance and goals and spread your trades across multiple markets to reduce risk. For example, if you have a long-term strategy, you may want to buy call options on broad-market indices like the S&P 500 or Nasdaq Composite Index. Alternatively, if you prefer shorter-term trades with higher rewards potential, buying put options on commodities such as oil and gold could be beneficial for your strategy.

Monitor the markets

Options trading for retirement is a dynamic process, and you should always watch the markets. Staying current with market news will help you anticipate significant price movements and adjust your positions accordingly. You should also keep track of expirations, as options expire after a certain period.

Take advantage of leverage

One of the main advantages of options trading is the potential to make gains using relatively little capital compared to other types of investments. Leverage can increase returns without investing more money upfront. However, it can also significantly increase losses, so use caution when leveraging your trades.

Manage risk wisely

Risk management is essential when options are trading for retirement. You should set stop-losses to limit losses and manage your positions so you don’t overexpose yourself to risk.

Other investment options that will help build your retirement portfolio

Options trading is a powerful tool for building your retirement nest egg, but it’s not the only option. Investors can diversify their portfolios with traditional investments, such as stocks, bonds, and mutual funds.

Stock investing allows investors to buy or sell shares of publicly traded companies on the stock market. Stocks provide potential long-term growth and are often considered a better bet than options regarding risk/reward ratio. However, stock prices are volatile, so it’s important to research companies before investing.

Bonds are debt securities issued by corporations or governments. They generally offer low returns because they have fixed coupons and maturities but tend to be less risky than stocks or options. Investors looking for stability should consider investing in high-quality bonds from reliable issuers.

Mutual funds combine stocks, bonds and other securities into one package, allowing investors to diversify their portfolios with minimal effort. Investing in mutual funds can provide access to various investments while reducing portfolio volatility and increasing returns over time.

Real estate investment trusts (REITs) also provide an opportunity for diversifying your retirement portfolio. REITs allow investors in Singapore to pool their money together to invest in real estate without owning the property. REITs can generate income through rental payments or capital gains from selling the properties at a higher price than when they were purchased.


Options trading for retirement can be a great way to grow your nest egg, but it’s essential to understand the risks involved. Leverage and volatility can pose significant risks if not managed properly, so it’s essential to understand how options work before diving into the markets. It would help to consider diversifying your portfolio with other investment strategies such as stocks, bonds and mutual funds. By taking a disciplined trading approach to investing and managing risk wisely, you may be able to generate consistent returns over time and secure your financial future.

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8 Challenges That Can Be Solved By Making Tax Digital For Business

The digitalization of tax systems has been a long-awaited reform that can revolutionize the way businesses manage their taxes. With the advent of new technologies, governments worldwide are taking initiatives to modernize their tax systems to improve the efficiency and accuracy of the tax collection process.

One such reform is the “Making Tax Digital” program introduced by the UK government in 2019. Making Tax Digital for Business is an initiative that requires businesses to keep digital records and submit tax returns using compatible software.

The aim of this article is to highlight the challenges faced by businesses in managing their tax obligations and how Making Tax Digital can help overcome these challenges.

Challenges That Can Be Solved By Making Tax Digital For Business:

  1. Inaccurate Tax Returns

One of the biggest challenges faced by businesses is the accuracy of tax returns. Manual data entry can lead to errors, which can result in penalties and additional costs. Making Tax Digital for Business requires businesses to keep digital records, which can be easily integrated with accounting software, making it easier to identify and correct errors.

  1. Time-Consuming Process

The process of preparing and submitting tax returns can be time-consuming, particularly for businesses with multiple sources of income. Making Tax Digital for Business can help streamline the tax return process by providing a digital platform that integrates with accounting software, reducing the time and effort required to complete the tax returns.

  1. Late Filing Penalties

Late filing of tax returns can result in substantial penalties and additional costs for businesses. Making Tax Digital for Business requires businesses to submit their tax returns digitally, making it easier to meet the filing deadlines and avoid penalties.

  1. Lack of Real-Time Information

The traditional tax system provides businesses with limited access to real-time information about their tax obligations. Making Tax Digital for Business provides businesses with real-time information about their tax liabilities, helping them to plan and budget accordingly.

  1. Difficulty in Tax Planning

Managing tax obligations can be challenging, particularly for small businesses with limited resources. Making Tax Digital for Business provides businesses with accurate and up-to-date information about their tax liabilities, enabling them to plan and budget more effectively.

  1. Keeping up with Changing Regulations

Tax regulations are constantly changing, making it difficult for businesses to keep up with the latest requirements. Making Tax Digital for Business provides businesses with a digital platform that is updated regularly to reflect the latest changes in tax regulations, ensuring that businesses remain compliant.

  1. Difficulty in Communication with HMRC

Communication with HMRC can be difficult, particularly for businesses that are not familiar with the tax system. Making Tax Digital for Business provides businesses with a digital platform that facilitates communication with HMRC, making it easier to resolve issues and clarify any uncertainties.

  1. Increased Security of Tax Information

With the traditional tax system, there is always a risk of losing important tax documents or sensitive information falling into the wrong hands. Making Tax Digital for Business provides businesses with a secure digital platform that encrypts data, reducing the risk of security breaches and unauthorized access to tax information. This ensures the protection of confidential information, giving businesses peace of mind when managing their taxes.


In conclusion, Making Tax Digital for Business is a welcome reform that can help overcome the challenges faced by businesses in managing their tax obligations. The benefits of digitalization include improved accuracy, reduced time and effort, real-time information, easier tax planning, and compliance with changing regulations. It is recommended that businesses take advantage of this reform by adopting compatible software and keeping digital records to streamline their tax return process and avoid penalties.

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Up to date review of MENA broker ADSS’ trading resources

ADSS is an experienced forex and CFD broker that is headquartered in Abu Dhabi. Offering thousands of instruments for trading, it provides its clientele with access to global markets, and the company itself operates around the world, with locations in Hong Kong and the UK. In the MENA region, ADSS is one of the biggest forex brokers and it has a solid reputation among traders.

This is an ADSS broker review. In it, we will look at the trading resources the broker offers, such as the educational content they provide, as well as the market research and analysis on their website. We will also look at how they present price charts, language capabilities, and the information packs the broker provides its traders. Without further ado, let us get started.

Background on ADSS

To begin, ADSS was founded in 2011. The broker works with the MetaTrader platform to provide its traders with services such as retail, professional, and institutional trading on MT4. ADSS also has partnership programmes, whereby their clientele can take on clients of their own and manage several portfolios at the same time. The partnership programme also comes with rewards and rebates for traders who can refer friends and others.

ADSS offers a wide range of products available for trading. This includes forex, commodities, equities, and indices. Traders can place trades directly in some markets (such as the forex market). They can also purchase CFD contracts or spread bet. Some of the instruments on offer include major, minor, and exotic currency pairs, popular indices such as the US 30, the US 500, the DAX 30, and the Nikkei 225. There are also individual stocks traders can purchase CFDs on, as well as commodities such as gold, silver, crude oil available.

Trading resources available from ADSS

Having sufficient trading resources available from a broker is a great way to help traders make an informed decision when it comes to figuring out how to best invest their funds. Therefore, before opening an account with a broker, a trader must ensure they know what research offerings a broker can give, alongside low fees, competitive spreads, and a responsive support team.

The ADSS website offers a comprehensive library of educational content, with videos and articles in English. They also offer additional trading resources such as daily market commentary across various markets globally, and they have a financial glossary in two languages for traders to clarify complex strategies and terms. Many of these resources are in English and Arabic, giving traders the option to choose between languages they are most comfortable with.

Educational content

The educational content ADSS has is housed on their website. The broker offers video courses and courses in the form of articles, and these courses become progressively difficult as traders gain knowledge and build upon their existing knowledge. Some topics covered include introductions to forex and stock trading, as well as CFD trading and spread betting. Traders who are just starting out trading will find it very helpful to access these tutorials.

Platform guides

ADSS offers plenty of information on how traders can use the MetaTraderplatform to place orders and execute trades with its MT4 tutorials. These tutorials come in the form of videos in English, and they introduce various trading signals and indicators traders can use on the platform, such as moving averages, Bollinger bands, oscillators, and the Fibnoacci retracement. There is a guide on how the MT4 terminal works, including how one can use graphics tools, set up notifications and alerts, and monitor spreads with custom indicators. Overall, ADSS has a comprehensive content library on how one can best use MT4, and it is impressive as many brokers do not offer such in-depth, informative content.

Market information

ADSS provides substantial market information on their website and on their Frequently Asked Questions page. The information includes swap rates, quotes, and tiered margins. ADSS also has market information sheets available to download on their website, as well as detailed guides on spread betting and CFD parameters, such as contract expiry dates. In addition to all of this, ADSS offers their traders a clear guide to trading with market opening and closing times and public holidays.

Analysis and research

Finally, one of the greatest things about ADSS is their analysis and research library. Content in the library is frequently updated, and articles are available in English and Arabic. The broker covers a wide variety of topics and themes, ranging from market analysis, reports, and news. New analysis and research are updated frequently, with both language versions varying minimally. This is a great way for traders to obtain information directly from their broker instead of having to search elsewhere.


ADSS is a leading broker that does, in fact, offer a variety of information and educational resources, making it a perfect place for beginner and intermediate traders to learn more and hone their skills. Advanced and professional traders can also benefit from their frequent market analysis and updates on global markets. Best of all, the website is bilingual, and traders can access most of the content in English or Arabic, with the exception of certain video tutorials.

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