Category: Finance

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Finance

Secret tips for moving up through the career ladder

career ladder

These past two years have been very stressful and daunting to every professional throughout the globe. As the pandemic hit the world, every corporate company looked for ways to cut their expenses and regular costs. It also included firing many employees.

Others quit their high paying jobs to pursue different careers altogether as they felt stagnated in their corporate position. Things have changed in the corporate culture now. The employees are much interested in learning and growing along with the company. Here are some tips to help you climb the corporate ladder.

Outlining objectives

A common question HR asks in an interview is, “5 years from now, where do you see yourself in the company?”. Most people might not have thought about it before coming up with a solid answer. However, while growing in the company, it becomes a pretty crucial aspect that gives you a sense of direction.

Look at the bigger picture and identify your career goals. Once done, plan on meeting your milestones but always remember that the journey begins with the baby steps. So, do not hesitate to take those steps for a bright future. Assess your performance regularly and track your accomplishments.

5 things to remember

While having objectives give you career prospects, it is equally important to be in the present and give your best in the current role. Always remember to ask yourself these 5 questions. Regardless of where you stand on the career ladder, these are always useful. And, most of the time they act as eye-openers.

  1. Are you an asset to the company?
  2. Are you the right team player?
  3. Are you working hard and also working smart?
  4. Are you networking enough?
  5. Are you envisioning yourself in the level above?

If the answer is yes, then you’re on the right track. And if not, then you know which areas to strive on! Many people have a wrong perception when it comes to working smart. It doesn’t mean that you need to find shortcuts that get you more free time. 

Rather, it means that you need to find tools that reduce the redundancy by half – all while improving productivity. For example, GetEmail.io is an efficient website for finding emails. This website is powered by AI that can find email addresses for free. It can come in handy for people who are constantly in search of new contacts or connections.

Subject matter expert

We’ve heard of a saying that goes, Jack of all but King of none! It resonates with so many employees trying to climb the career ladder. They are so busy trying to excel in every part of their work process that failing to become an expert becomes evident. Your skillset is the most valuable resource.

Learn new things that can improve your work. It fetches you more opportunities, including mentoring and leading. You can become an expert by being as open as a school pupil towards learning. And, climb the ladder swiftly when being good and generous towards your teammates.

Conclusion

A firm that nurtures the true potential of an employee is the one that is for the long run. Feel free to shift from the company if it doesn’t tend to your goals and objectives. However, staying put and investing time with one will leverage enough to advance your career. 

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Finance

Full support with All the Tax Calculation: How is It Possible?

In principle, any economic activity falls within the scope of VAT. The person carrying out this activity is qualified as “liable”. But some activities are exempt from VAT.

Taxable transactions

The scope of VAT is defined by two definitions:

Sales of goods and services provided for consideration (i.e. against payment of a price) by a taxable person acting as such are subject to VAT.

A taxable person is a person who carries out an economic activity (production, trade or provision of services) independently (without any relationship of subordination) whatever his legal and fiscal status.

Consequently, are non-taxable persons who carry out their activity outside an economic circuit such as individuals and public administrations; or who exercise it in a dependent manner: employees, home workers, company directors and sales representatives? Their activities are therefore excluded from the scope of VAT.

Note: beneficiaries of the basic franchise are subject to VAT but are exempt from declaring and paying it. Thus, they cannot practice any deduction of VAT, nor show VAT on their invoices. Using the self employment tax calculator comes handy in this case now.

VAT-exempt transactions

The major drawback of an activity exempt from VAT lies in the fact that the company is excluded from the right to recovery of the VAT that it has itself incurred when purchasing goods or providing services. (With some exceptions). The law lists the exemptions in a restrictive manner. However, the following list is not exhaustive:

  • Education and vocational training for some organizations
  • Medical and paramedical professions
  • Health facilities
  • Medical transport
  • Non-profit organizations
  • Insurance and reinsurance operations
  • Some furnished rentals
  • Certain banking and financial transactions
  • Games and betting
  • Circles and gambling houses
  • Sports meetings.

Although exempt, certain transactions give rise to the right to deduct. This concerns, in particular, intra-Community exports and deliveries as well as international transport of goods.

Exempt transactions with possibility of option for VAT

Natural or legal persons who carry out an activity exempt from VAT may be recognized, by an express provision of the law (articles 260 and following of the CGI), the possibility of voluntarily submitting to VAT, through an option provided for this purpose. The advantage for a company to choose is twofold:

  • This allows it to recover the VAT that its suppliers charge it.
  • It will be exempt from paying tax on salaries.

One example is the lessors of bare buildings for professional use. They have the option, after having exercised an option in this direction, to apply VAT on the rents of the bare premises which they rent out for the needs of the professional activity of the lessee (the tenant).

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Finance

Make Certain to Vet Your Lender

Lender

The process of obtaining a loan is littered with horror stories. We have all heard of someone, either an individual or a small business, that took on a loan only to pay excessive fees or run into any of a number of issues with their lender.

If you or your business are in need of an infusion of cash in the short term, you might be asking yourself what recourse you possibly could have. Thankfully, there are helpful tips to follow if you are going through the loan process and want to feel more secure.

The Loan Process

The loan process itself is pretty straightforward. You apply to the lender of your choice, they either approve or deny you, lay out the terms of the loan, have you sign, and you get your money. At least that’s how it should be with a reputable lender.

This can happen instantly or in a few hours, but technology has made it possible for these lenders to get all of your essential information in the blink of an eye. You won’t have to wait more than a day or two at most depending on what lender you choose.

If you have any questions about the lender you are considering, there is one important step in the process that you need to take into account and that is vetting the service you plan on using.

Make Sure Your Lender Is on the up and up

Another great thing about technology is that it has made it more convenient than ever for consumers to vet the businesses that they plan to use. That includes loans of any kind. The last thing you should have to deal with is whether or not your lender is on the up and up.

Reputable companies like Mango Credit will likely have positive reviews from past customers on their website. You can learn more about them here: http://www.hoovers.com/company-information/cs/company-profile.mango_credit_pty_ltd.62b2430ae8862bf2.html?aka_re=1. Most businesses are going to tell you how great they are, so you need to dig deeper to get the most trustworthy reviews.

There are review sites all across the net that exist to fully vet a company. They institute actual customer reviews to provide detailed histories of these companies and how they have treated customers.

There are also online listing services where you can find out more about a company based on actual customer reviews. This gives you more insight into a particular company: the good, the bad, and how they handled both.

Even some bad reviews could be a plus. Granted, you don’t want to see a lot of negative reviews, but they can give you an idea of how that particular lender handled negative experiences. Good lenders will have dealt with them properly while less-than-trustworthy lenders will simply ignore those complaints lobbied against them.

Either way, vetting the lenders that you may potentially use is essential. This is what protects you from being taken advantage of by a lender that can’t be trusted. Protecting yourself is one of the most essential things about obtaining a loan.