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What else can I help you with?
How long should a small business keep tax records for?
A small business should keep tax records for at least seven years.
Can you make multiple payments on your mortgage?
You should get some good advice from a financial advisor. It may be better for you to make extra payments against the principal depending on how long you plan to keep the premises.You should get some good advice from a financial advisor. It may be better for you to make extra payments against the principal depending on how long you plan to keep the premises.You should get some good advice from a financial advisor. It may be better for you to make extra payments against the principal depending on how long you plan to keep the premises.You should get some good advice from a financial advisor. It may be better for you to make extra payments against the principal depending on how long you plan to keep the premises.
Factors influencing financial planning?
1.Simplicity:The financial plan should be simple.It should contain simple financial structure that can be implemented & managed simply.2.Long-term view:The financial plan should be formulated,keeping in view the long-term requirements.This is because generally financial a plans would continue to operate for a long time after the formation of the concern.3.Flexibility:The financial plan should have flexibility.It means it can be changed according to the changing needs of the business with minimum possible delay.4.Foresight:The financial plan must be visualized with much foresight and it should meet the present as well as future requirements of funds.5.Optimum use:Financial plan should provide for the optimum use of funds.Funds should be used in proper balance is maximized the wealth of the organisation.Again they should see that the proper balance is maintained between long term & short-term funds.6.Contingences:The financial plan should make adequate provision for funds for meeting the contingencies likely to arise in the future.7.Liquidity:There should be adequate liquidity in the financial plan.The adequate liquidity wii act as a shock absorber in the event of business operations deviation from the normal course.8.Economy:The financial should ensure economy.It should determine optimum and proper debt-equity mix in the capital structure in order to have minimum cost of capital.9.It should facilitate for comparison.10.The financial plan should be conservative.11.It should be practically implemented.12.It should facilitate for control of outflow of funds.13.It should facilitate for cost reduction.14.It should consider the risk factor involved in each financial alternative.15.The other principles of financial plan are:a)It should be uniformb)It should be profitablec)It should be practicald)It should be suitablee)It should consider the risk factor.
Can a solvency certificate be issued by a CA?
Yes, a solvency certificate can be issued by a Chartered Accountant (CA). This certificate verifies an individual's or a company's financial status, confirming their ability to meet long-term financial obligations. It is often required for various purposes, such as securing loans, participating in tenders, or engaging in business transactions. The CA assesses the financial records and overall financial health before issuing the certificate.
Why should business people understand business finance?
Business people should understand business finance because it provides the foundation for making informed decisions that drive profitability and growth. Knowledge of finance enables them to analyze financial statements, manage budgets, and assess investment opportunities effectively. Additionally, a solid grasp of financial principles helps in minimizing risks and optimizing resource allocation, ultimately contributing to the long-term success of the organization.
How long should a service company retain financial records....like payroll tax and personnel?
Depends on the type of records, For example dental records (after the patient has left the practise) is 7 years, Financial records are 10 years
How long do you keep small business acounting records in case of an audit?
All financial records for companies should be kept for at least 7 years.
How long do you keep financial records?
Seven years is standard.
How long do you keep business financial records?
It varies according to the country.
How long do you need to keep financial records after someone dies?
7 years
How long should medical records be kept after their death?
It depends on where you are. Heres a list of how long different records should be kept. I think this is in the UK
How long should medical records be kept?
Medical records should be kept for as long as required based on the type of record, and federal/state laws.
How long should an insurance broker keep records in California?
You should keep the records for a minimum of 5 years.
How long to keep deceased medical records in Georgia?
Many people would keep a deceased person's records for at least 10 years. Many people keep these records for longer than that.
How long should personal tax records be kept in Australia?
A person should keep personal tax records for about 7 Years in Australia.
How long should a small business keep tax records for?
A small business should keep tax records for at least seven years.
How long should an employer keep payroll records?
employer keep payroll records maxium 1 year .
