Nowadays the digital payments have always been with credit as well as debit cards. This is where the new concept of crypto currency or bitcoin has taken the stock market by storm. Many people use it to pay funds or even for investments to eke in a neat profit margin. You can read the rest of the article to know more details about the same so skim through for the relevant updates.

 More details

There are crypto currency systems which include Bitcoin and Ether. Among them, bitcoin has been gaining quite a bit of popularity because of the windfalls associated with it. The most renowned fact about it is you need to know the latest bitcoin stories on this site before opting for this crypto currency via the block chain technology. Many investors have started using this form of crypto currency and it has become an accepted form of payment for many e-commerce stores. Another factor here is that there are no credit or debit card issues, debtors or lenders involved in this kind of crypto currency payment. This is where you need to know a whole lot more about the best kinds of crypto currency payments which offer the best kinds of investments. The crypto voyage news will provide you with all the updated information about the same so you can be rest assured of getting the bitcoin current price and future predictions. It is also very vital to know about the bitcoin value or worth in the market because it provides the best kind of profits. You can buy it for a lesser price when the value is down and sell it again for a higher cost when the values soar sky high.

End word

Many investors also opt for e wallets in order to keep the bitcoin savings safe. You can also keep the bitcoin in physical as well as offline wallets in order to keep them properly and safe. However, you need to know all the latest Bitcoin news updates in order to make a wise investment. Knowing about the proper value of bitcoins too make for the best possible choice for an investor. You also need to know about the best kinds of bitcoin market worth before making a proper decision and stick to it. So, you can be rest assured of having the best possible decision when it comes to having a market value in terms of bitcoin investment.

With thousands of brokers operating in the financial markets, it is no wonder that most people are flummoxed and confused. In fact, many sign up with platforms that look put together at first glance, but fall apart once you begin using their services. It can be extremely annoying to have your time and money wasted, so it is best to check for some important features to ensure you are choosing right in the first go. Rather than relying on the website alone, it is a good idea to go over this GoldVence review to check if all necessary features are available.

This might seem like a bit of work initially, but you have to bear in mind that it pays off because you will not have any regrets about your decision later. GoldVence is a forex and CFD brokerage that offers its trading services globally, but does it have the features essential to you? Check the review below to find out:

Trading products 

It is necessary to check the trading products that a broker has put together for its clients because you want to ensure the ones you want are available. Just because a broker promises forex currency pairs doesn’t mean it will have the pairs you are after. Therefore, checking thoroughly is essential and doing so with GoldVence reveals that they are providing access to some of the best trading products in the market.

Instead of focusing on just one, they have added access to different financial markets, such as stocks, forex, indices, cryptocurrency and commodities as well. Thanks to this variety, anyone using GoldVence will be able to diversify their investment portfolio and easily find instruments that suit their risk tolerance. It can also help you achieve your trading goals, while balancing your risks.

Trading software 

One of the most important features that you need to check is the trading software that the brokerage is offering. A software that’s too complex or slow can lead to poor trading performance and this is a disaster you want to avoid. Fortunately, you will find that GoldVence has not made any such mistake because they have developed a sophisticated and innovative trading software for their clients.

The first thing you should know is that it is web-based, which means you have to visit the broker’s website to access it. There is no need to download or install the platform. They have developed a simple yet powerful user-interface that can be used for delivering quick trade execution. The platform that you will find at GoldVence has also been integrated with some of the top tools in the market, such as fundamental and technical analysis tools and price alerts, which can enhance your decision making and performance.

Trading accounts 

Another feature you need to check are the trading accounts that GoldVence has added to its offerings. Yes, it is the norm for brokers to offer more than one trading account to their clients to choose from. The purpose is to allow every trader, regardless of their background or experience, to find an appropriate account that helps them achieve their goals. This is what you will here as well, as there are three trading accounts to choose from.

There is no fee involved in setting up the account and you can choose from Basic, Standard and Premium accounts. The Basic account is ideal for newbies and beginners, the Standard for intermediate traders and skilled and expert traders can choose the premium account. The leverage ratio for each account at GoldVence is 200, 300 and 400, respectively. 

As far as other features are concerned, you will that GoldVence has added a personal manager, financial calendar, news feed, welcome bonus and more to these accounts for the convenience of the users.

Final Thoughts 

As long as GoldVence is able to provide you with these important features, you can open an account with them and begin taking advantage of the trading opportunities. 

Tax planning is an integral part of running a business, but it doesn’t mean you have to pay more than you have to. You will reduce your taxes by maximizing deductions and credits to lower the amount you owe when you file your taxes. Now that we are coming into tax season, we want to share some things you can do as a business to keep your tax liability low. These simple tips are easy to do, but they can save you a boatload of money. This article will look at some of the items that will move the needle forward in your favor.

U.S tax laws are pretty complicated, and there is a lot to consider with your business. It is sometimes difficult to understand if you are a small business owner and what changes to expect in the upcoming tax season. This blog will take you through some of the tax planning tips you can implement in your business with the help of a CPA.

What are some tax planning tips that you can use for small business owners?

As a small business owner, you have to focus on many different aspects of your business. The most crucial element is doing everything to protect your business and your assets. You can’t do that unless you do an excellent job of tax planning. So what are some ways you can ramp up your savings for the 2021 tax year?

Here are four quick and simple tips:

1. If you use your home as a home office, a certain percentage can be written off as a business expense even though it is not a traditional physical office.
2. If you use your cell phone primarily as a business communication device, you can include the monthly billing expense of your device(s) to reduce your tax liability.
3. If your vehicle is used to conduct business, you can leverage exemptions for this.
4. Meals at local restaurants are a great way to boost the local economy and reduce your tax liability.

How can small business owners use tax planning to save money?

Entrepreneurs often get bogged down with the day-to-day operations of their business. However, they also need to be thinking ahead. As a business owner, don’t you want to pay as little as possible to the government? If so, then you need to think about tax planning. Getting tax services from a professional tax planner or CPA is the way to go.

Conclusion:

Tax time is coming up quickly! For many businesses, this means accounting for all the hard work you’ve put into your business over the past year and getting your business to a place where you can enjoy a little more free time. However, it can be a stressful and expensive tax month if you do not do your tax planning in advance! We hope the information provided in this blog post has been helpful to you in preparing for tax time. If you have any tips or tricks that you would like to share, please feel free to reach out.

GST or Goods & Service Tax is an integral part of the business and consumer sector. Singapore persists to grow and evolve. In the same way, regulations associated with GST rates, paperwork, and filings are updated and enhanced consistently.

Business owners find this challenging because they need to survive the tough competition and stay compliant with the consistently changing GST regulations. Therefore, businesses need to consider hiring a GST specialist for an audit to avoid risks and penalties. 

What’s a GST audit?

It is a process, where government officials check your daily business transactions. The IRAS officers conduct the audits to make sure that your business complies with GST regulations. They check for accuracy of every information, computation, and assumption. 

GST audit occurs randomly for GST-registered businesses in Singapore. It is wise to a company that specializes in this area for GST audits. There are GST audit specialists and help you identify any errors in input tax claims or see if GST is charged properly or supplies are accurately classified. 

GRB [GST-registered businesses] can self-assess their compliance regulations before filing returns with IRAS. The IRAS has published a checklist called ASK or Assisted Self-test Kit. For certain GRBs, self-check is mandatory to take part in the Government schemes like –

• AMCS or Approved Marine Customer Scheme
• IGDS or Import GST Deferment Scheme
• MES or major Exporter Schemes
• ARCS or Approved refiner and Consolidator Scheme
• AISS or Approved Import GST Suspension Scheme
• ACMT or Approved Contract Manufacturer & Trader Scheme

Many GRBs find it challenging to handle GST problems, so when they are notified from IRAS about GST audit there is a situation of anxiety and concerns for business owners. Even if the business has taken preventive measures to ensure compliance, some unintentional errors can raise a red flag. 

Based on the scope, circumstance, and nature of non-compliance, the ramification of such discoveries can impact the business in terms of more investigations, penalties, or jail. 

Preparation for potential audit

When you get the first audit notice, get supporting documentation and records compiled and updated. It will need plenty of double-checking and cross-checking to ensure that there is no missing documentation or gaps in accounting. 

GST audit preparation is a stressful and monotonous process, so it is recommended to engage GST specialists. The experienced professionals will detect the areas of concern and navigate you. Even prepare you on how to answer the IRAS officer’s queries with confidence.

What to anticipate during the GST audit?

The IRAS investigators check if supplies are correctly classified, GST properly accounted for, input tax claims are right and the values of purchases, supplies, and taxes are completely reported in the GST returns. The audit interview is conducted via letters, emails, faxes, and phones. The IRAS officer may even give your business premises a visit or request to meet the CEO. Currently, digital video interviews are conducted because of the COVID-19 situation. 

The information you will need to supply to the officer will include –

• Details about the business arrangement, administration, and supply of goods or services.
• Purchase and sales listing to confirm the precision of the figures submitted in the GST returns.
• Completed self-review checklist documents.
• Business transactions supporting documents associated with export and invoices. 

The IRAS officer may even seek information from banks, suppliers, and customers to confirm if the reported transaction is correct or not. Cooperate with the IRAS officers by offering them total access to your documents, records, and even premises. 

The office may interview your staff or you and even make copies of documents and records. Supply truthful and prompt answers whenever asked for information. Causing hindrances and failing to cooperate is a punishable act and the fine is $5,000 or jail.

Post GST audit

Several aspects can delay the audit length ranging from cooperation to the nature of your industry. The audit outcome is received after the conclusion. As soon as the audit outcome is received the company has 30 days [if necessary] to challenge the audit assessments and anticipated adjustments. 

The objections must be detailed and have solid grounds. Some objections with a reason that IRAS stipulates to be sufficient include –

• Assessment
• Registration or de-registration
• Claim for refund
• Security deposit needs
• Allowable input tax

If you disagree with the objection decision then you can file for a petition of appeal with the GST Board. 

Submitting wrong GST returns and penalties

If there is incorrect information in the GST returns then you can get penalized up to 200% of over-claimed or undercharged tax and/or imprisonment. Businesses committing fraud are handled more strictly.

Voluntary disclosure of errors in GST returns

Taxpayers can voluntarily report errors in their filed GST returns to correct. However, it should be in a self-initiated and timely manner. It means before receiving an IRAS query regarding the returns or audit notification.