Categories
Finance

Pawn Shops in Brisbane

If you’re visiting the Brisbane in Australia, you’ll find a huge number of pawn shops in Brisbane. They vary from small to medium privately owned businesses to larger branded franchise enterprises. But all pawn shops have the same thing in common: providing cash to customers in exchange for their valuable or unwanted goods.

The Origins of Pawn Shops

Pawn shops have been around for thousands of years. In ancient China, they were owned and managed by Buddhist monasteries and only became privately operated businesses in later years.

In the Roman Empire pawnbrokers were subject to laws that prevented them from buying items that related to clothing, furniture, or agricultural tools and implements.

Throughout Europe, pawn shops were also commonplace and they were often licensed by the governmental authorities despite the industry being frowned upon by the Catholic Church.

In some countries though pawnbrokers struggled to operate their businesses and gain a commercial foothold, with some cultures shunning the industry entirely. However, in later years legislation and new policies would allow pawn shops to operate quite easily.

Pawnbrokers vs. Money Lenders

Quite often people can mistake pawn shops with money lenders, or else think that these two terms mean the same thing.

This could not be further from the truth as there are vast differences between pawnbrokers and lenders.

A pawn shop, operated by pawnbrokers, provides the service that allows customers to offer their valuable goods, such as gold jewellery, as a pledge or collateral in return for a loan. The loan has a contract period attached to it in which the customer can pay back the money, with interest, and then take back ownership of their property. If the customer does not pay back the loan in the agreed timeframe, then the pawnbroker assumes possession of the items.

Conversely, money lenders work in a fashion more similar to that of a bank. They will do credit and income checks and grant a loan based on that history. This loan can be secured, using a form of collateral or property, or it can be unsecured. If the loan is secured and the lender fails to pay the monthly loan instalments, then the lender can seize the collateral property and sell it to cover their losses.

The Pros of Using a Pawn Shop Brisbane

So why go to a pawnbroker instead of a bank or a money lender?

Well for one you won’t be subjected to invasive and exhaustive credit checks and you won’t need to provide a pile of payslips and other financial histories.

All you need to do is bring in any items of value, especially pieces of gold jewellery, and the pawnbroker will assess those items and offer you an amount on the spot.

So why not visit a pawn shop Brisbane today? you’ll find it a much simpler and easier process to get hold of a little extra money.

It’s quite simple; pawn shops offer the most flexibility and variety of options of all.

Categories
Loans

5 Home Loan Options You Should Take Advantage Of

Taking a home loan with the lowest interest rate isn’t always a sound decision. Factors like prepayment facilities, loan tenure and processing fees have an effect on how much you end up paying for the loan. It’s also crucial to know what home loan options are available to you, so that you won’t have to go through any of the problems encountered by first-time loan seekers.

Here are some types of home loan options that you should know about if you’re applying for a loan.

Fixed Interest

If you take a fixed home loan, your interest rate will remain stable for the entire loan tenure. Financial institutions even offer semi-fixed loans, where the initial rate remains the same for 2-5 years and then changes.

While this may seem like a great bargain, fixed-loan schemes are 1-2% more expensive than floating loans. While that may seem like a small percentage, it can translate into quite a lot of money for a high-principal, long-tenure loan.

And if you want to close your loan early, some lenders even mandate that you pay a penalty fee. Others, like Bajaj Finserv, offer zero foreclosure charges, allowing you to repay your loan without any additional debt.

Floating Interest

Variable home loans are currently one of the most sought-after home loan options in India. With this scheme, interest rates vary based on the economy, and are also influenced by the Prime Lending Rate (PLR) and Base Rate System used in your financial institution. A fall in market prices leads to a dip in the rates and vice-versa. With viable prepayment options and lower costs, it’s one of the most popular home loan options for first-time buyers.

Balloon Payments

Banks love this repayment option. A balloon payment involves paying larger instalment amounts, generally more than one-third of the standard instalment. It’s a great way to improve your loan eligibility and a quick solution to ridding yourself of debt. The downside is that the interest rate on this kind of loan is often a lot higher than most other home loans.

Refinancing

While procuring a home loan, the best option would be a loan that you can refinance. This means substituting your current home loan with another loan under different terms like a 20-year fixed refinance rate. This way you can take advantage of more feasible interest rates, reduce your risk, and maybe even shorten your loan tenure. With Bajaj Finserv, you can take loans that are proportionate to the current value of your property, provided that you purchased it in the last 12 months with your own funds.

Accelerated Repayment

If your repayment capacity is higher than your current monthly instalment, this scheme is best suited to you. It involves paying a larger EMI, so your loan is repaid faster and with minimal overall expenditure. As an added bonus, you can even enjoy the tax benefits that accompany a lengthy loan tenure.

Before choosing a home loan option, carefully consider your alternatives. Don’t worry about wasting time, technology has made it possible to avail a loan at the click of a button. For example, Bajaj Finserv, approves online Home Loans within minutes of your application, and disburses the amount in the next 72 hours.

 

Categories
Insurance

Guide to get best health insurance for parents online

Our elders need a little looking after as they grow older! While we try to give them every qualitative facility and luxury, a health insurance policy is also crucial. Not because it will protect them from diseases or natural deterioration, but because it will help them avail the best treatment during a health crisis. Health insurance for parents has become a necessity given the ever-increasing medical expenses can exhaust one’s savings. Check all the available plans and schemes to get health insurance for parents. Keep a few things in mind before choosing the best one available.

health insurance

Things to Look Out for In The Plans

A few determinants in the best health insurance for parents must be in everyone’s checklist before buying a health policy. One must know the grounds of comparison of the available options to end up buying the best item!

Check the Waiting Period

The waiting period is an essential factor when buying health insurance for senior citizens as a long term plan might not be beneficial in case of health emergencies. Although most of the companies try to keep the lowest waiting period possible, one must always keep a check on the available policies.

Pre-existing Illness Coverage

Most of the elders are likely to have mild health conditions. Coverage for pre-existing illness counts as a must in this case. Also, check whether or not the insurer demands a pre-policy health check-up report. Some of the leading insurers are not putting this factor in their terms and conditions. So, one can easily dodge this additional expense before buying the health policy.

Annual Health Check-up Facility

To look after our parents efficiently, we need to keep tracking their health condition to take precautionary measures. It is easy to avail a free health check-up annually for every no-claim period.

Organ Transplant and Donor Coverage

Organ damage is one of the most common ailments in older people, as the natural deterioration in their health can cause organ failures. A health insurance plan that offers organ donor and implantation coverage will be the most beneficial in this case. Thus, in the case of elders suffering from serious ailments, this coverage is a must!

Network Hospitals and Cashless Claim Facility

The availability of cashless claim facilities in the network hospitals is also a factor which determines the quality of treatment the patients will get. Therefore, one must go through the list of hospitals and the claim ratio of the company to make the most of the health policy!

Steps to Buy Health Insurance for Parents Online

  • Buying health insurance for parents online is entirely convenient and time-saving if one chooses the right platform.
  • Several online insurance brokers in India offer end-to-end support and services to the customers who are not well-versed with the insurance market.
  • Find the best one available and choose the top-rated companies to compare the available plans. Check the ICR (Incurred Claim Ratio) to shortlist the best ones, apart from other considerable factors.
  • Go through the available plans for senior citizens and put them in the compare dashboard. Yes, it becomes easier and efficient to make a comparison between available dispositions using this process.
  • Go through the coverages offered and check all the necessary factors concerning the premium rate.
  • Choose the one that is offering the most useful number of coverages at reasonable premiums.
  • Complete the formalities online, and the job is complete!

A comprehensive health insurance plan for parents is the best gift one can give them. Insurance companies take care of all the requirements and general concerns of people to serve the best coverages! All one has to do is make the right choice at the right time without falling into market traps.

Categories
Finance

Self-employed: see how to save on taxes

Every self-respecting company seeks to reduce its fixed expenses in order to obviously achieve a higher profit at the end of the month, as long as this does not hinder the organization’s operations. With the self- employed person, who provides services on a self- employed basis, on an occasional basis and without employment, things could not be different. And one of the effective ways to reduce spending is to save on Taxes as an independent contractor.

Do tax planning

The first step to pay less tax, perhaps the most important is to have legal advice to do the company’s tax planning. In this planning, factors such as expected revenue and gross revenue, personnel and operating expenses, profit margin and history will be taken into account. From the analysis of these data, it is possible to define the ideal taxation regime for your business: simple national, presumed profit or real profit. Wrongly, there are entrepreneurs who believe that the simple national is always the best regime, which is not true.

Look for tax incentives

Another measure that can result from tax planning is to analyze whether the company can benefit from any tax incentive. For example, the exemption from payment offered by the federative entity responsible for the tax, the reduction of rates if a counterpart is met or even the exemption plans, such as the payroll. For this, it is necessary to first understand what taxes your company should collect for each federative entity – Union, State / Federal District and Municipality -; if any incentive is offered and what can be done by your company to fit the required conditions to enjoy the incentive.

Issue electronic invoices

In addition to reducing costs for printing, paper and document storage, the issuance of electronic invoices inhibits entry and calculation errors and, thus, avoids possible payment of a tax with an amount above the real.

Make tax payments up to date

Interest and fines due to late payments can represent a significant portion of the amounts paid as taxes. As much as the company may have periods of financial difficulty, it is essential to avoid late tax payments, as this can further accentuate the financial loss. If any mistake made has implied the payment of a tax in an amount less than what is actually due, the ideal is to anticipate the eventual notification of the Revenue and make the correction. This avoids unnecessary payments and problems with the tax authorities.

Regularize your company’s situation

Fearing the high tax burden, some small entrepreneurs end up keeping their businesses in an irregular situation and act only as an individual, as an individual taxpayer. This can be a big mistake. After all, the payment as income tax of that individual can be significantly higher than the payment of income tax for the legal entity.

Categories
Finance

Taxes and Company Opportunities for you

All companies subject to VAT must declare and remit, at a certain frequency (monthly, quarterly or annually), the collected VAT that they invoice from their customers when it becomes payable.

The due date of the collected VAT depends on the business sector of the company and, where applicable, the options formulated. Two systems are possible: payment of VAT according to debits and payment of VAT according to receipts.

VAT on debits and VAT on receipts

The payment of VAT according to debits

Payment of VAT based on debits means that the collected VAT is due from the date of issue of the invoice. For that make the right calculation results with the taxfyle’s tax calculator now.

All operations carried out by the company, with the exception of the provision of services, real estate works and transfers or concessions of intangible movable property ( see below ), are to be declared with the VAT system according to the flows.

In practice, the company risks suffering a negative cash flow mismatch linked to the VAT collected when its customers pay the invoices at a later date than the date of declaration and payment of VAT relating to these same invoices. If this is the case, the company “advances” the collected VATS to the State and then recovers it from its customers.

Large and occasional invoicing can be financially detrimental to the business if no deposit has been claimed.

Professionals who, depending on their activity, are required to pay VAT collected according to debits have no other possible option, they cannot opt ​​for the payment of VAT according to collections.

The payment of VAT according to the receipts

Payment of VAT based on receipts means that the collected VAT is payable when the down payments and the price are collected. Thus, the company does not return the VAT collected to the State until the customer has paid all or part of the amount due.

VAT is payable according to collections for all of the following transactions:

The provision of services,

The real work and transfers or concessions of intangible movable property (patents , trademarks, etc.), the latter being considered as the provision of services.

Sales to be consumed on site are considered to be the provision of services.

Here are some details on the due date:

For payments by check: VAT is payable as of the physical delivery of the check. If the check is not provisioned, the company can charge the amount declared on its next VAT return,

For payments by bank transfer: VAT is payable as of registration on the bank account,

For payments in cash: VAT is payable as of the remittance of the cash,

For payments by bill of exchange: VAT is payable from the payment of the bill.

Categories
Finance

How Convertible Loan Notes Can Benefit You?

Recently, most investors are relying on CLN for making a huge profit in the future. Potential investments can be now easily raised with the help of convertible loan notes. These notes are of the simplest structure and thus you will face no complication in using the same. Both funds and time need to be balanced perfectly with each other. This short-term will never make you face any tax implications ever and therefore you can freely go ahead with it.

Benefits of CLN:

If you are interested in making an investment in any prospective start-up then you can use convertible loan note as the best weapon. In short, CLN serves as one of the best tools enabling you to grab some of the best investment opportunities. Your investment at any point in time can be transformed into shares and that too at quite a discounted-rate. This is really quite a great advantage as you will be able to acquire major shares of the targeted company. Your objective of future financing can also be efficiently fulfilled by means of this instrument. This instrument is not only beneficial for investors but it is also helpful for entrepreneurs.

Issuers are allowed deferring valuation agreements with these notes until a financing round. During funding rounds, the fair price is being offered as a result of which investors can easily acquire company percentage. The investors are allowed to make investments before standard investment metrics are being set and this brings them a lot of monetary benefits in the future. You can now set your desirable valuation-cap and can get shares at an absolutely favorable price. It is not always necessary to get the notes converted into the company’s equities. If you wish you can keep the notes with you without claiming the equity conversion. But for making the conversion done a certain time-frame is given and within that, the process should be completed anyhow.

The investors will be offered choices at the time of the company sold-out. At that point in time, the investors can en-cash the notes on their own terms. This flexibility has made these notes so very popular amongst investors. The security-level of CLN is the highest and this is why wisest investors always tend to opt for the same over other prevalent options. Founders can also make great utilization of convertible loan notes. Quick cash can be now instantly accessed by companies as and when needed with the use of these instruments.