Money Matters

Starting Your Very Own Christian Store

You may be thinking about opening your very own business but at the same time, you think that it can be a bit hard to do because you know that the economy is not as good as it should be. Instead of feeling a bit apprehensive however, what you can do is open a business that you know is close to your heart.

You may be a firm believer of God and you feel that it is your duty to spread the word but at the same time, you are feeling a bit confused because you do not know what you should do especially if you have no experience in business dealings at all.

Starting Your Very Own Christian Store

When you open up your very own business store, you know that you are not only supposed to focus on the usual things which means setting up your own business, processing papers, choosing shop fittings perth that will allow you to showcase the items that you need to sell and a lot more that you have to fix when you open your business.

You also have to make sure that you will be able to provide the type of enlightenment that your customers need when you are already at the store. You have to remember that your customers have spiritual needs and this is one that you should focus the most. Get to know more details from here.

Here are the things that you ought to remember so that you can put up your own store:

  • Make sure that you will know who your target market is. You can probably ask around by going around certain churches and spreading the word. You will know from doing this that are the most interested in what you have to offer.
  • Focus on the normal things that you have to do when you open up a business. Of course when you set up a business, you have to remember that faith alone is not enough. You have to secure business papers and registrations that will allow you to put up your business quite well.
  • Choose the location where you would like to place your business. Remember that your location is everything. It must be in a place that can be accessed easily by people. This will allow you to make a sale and at the same time be visited.
  • Give consideration to your inventory. You have to make sure that the items that you are going to sell are items that people will find interesting otherwise; it will be hard for you to sell the products that your store may have. The items may be directed towards a certain market although you may still have a few different items to help you out.
  • You have to know how you can market your product appropriately. You have to remember that marketing your store may have been hard before but the use of social media and the Internet has made things easier. Focus on this and you will get what you can possibly need.

With all of these things in mind, you know that your Christian store can truly be successful.

How you can be Honest in Finances

There is a possibility that you would like to deal with finances because you dream of earning more than what you are currently earning. You have to remember that this is possible but it is also important that you know how hard it is at times especially when you are tempted to earn a lot of money illegally.

How you can be Honest in Finances

This is what happens with other people at times, they become blinded by money and as a result, they do the wrong things. They become dishonest especially when they are dealing with other people. They dupe other people for their very own personal gain. This is not a God – like trait that can be followed.

For mortgage brokers Melbourne who truly want to be of help to other people, it will be important to do the following things:

  • Make sure that you will let possible clients know all the right details that they ought to learn. You have to be sure that they are aware of the different loans that you are offering. You should not offer just one loan because this is the loan that will be most beneficial for you.
  • You have to remember that this is a job and your job is to help people and not outwit them with the tactics that you know regarding property investments and mortgages.
  • You have to make sure that you will provide them quality service because that is what you ought to give and that is what they are expecting to get from you.

You have to remember that aside from finances, there are still other things that people can improve on. The everyday situations that people encounter all require a deal of honesty. Those who are not honest will reap the bad effects of their choices in the long run. Get to know about that from here. Would you like to know the benefits of being honest? Here are some of the things to take note of:

  1. You become more authentic. The more honest you are, the more you will be open. This means that in the long run, people will get to trust you more because they know that you only want what is best for them.
  2. You become more courageous. Since you are not hiding anything, you can be sure that you can be more courageous in the things that you will say and the things that you will do. It will also give you peace of mind.
  3. You become more mature. Do you know that the more honest you are, the more mature you become? Remember that when you are not honest, this means that you are still immature and you still have a lot to learn.
  4. Honesty helps you lead a straight path. You know that getting into trouble will not be likely because you are honest. You do not have to worry about anything that might come your way because of your actions.
  5. Honesty earns you respect. When you are honest, you will be able to get the respect of other people and this can of course be very helpful for you.

With all of these things in mind, you can be sure that being honest will lead you to the right path.

4 Great Reasons Why You Should Become a CPA

Becoming a CPA is not an easy task. In fact, it’s one of the most challenging fields to study. Aside from earning a bachelor’s degree, there are other requirements that you must meet to become a CPA. Once you’ve completed your degree, you have to prepare for the licensure exam. And as you know, CPA examination is tough. You can’t just apply, take the test, and expect to pass. You need to well prepare for it to increase your chances of passing. (If you’re looking for a reliable and affordable CPA review material, consider using CPA excel.)

After completing the long years of academic training and passing the tough CPA exam, you will still be required to undergo training and other tests to prove your skills and character. And in order to maintain your license, you must complete continuing education coursework once every few years, depending on your state requirements.

4 Great Reasons Why You Should Become a CPA

Sure, the road to becoming a CPA is not easy. But once you get there, you’ll find that all the hard work is well worth it. Here are the reasons why:

Great benefits and compensation

Salary ranges for people with a CPA designation are far better compared to their non-licensed peers and other professionals. According to the U.S. Bureau of Labor and Statistics, the average annual wage of professional accountants was $73,670 in 2014. CPAs employed in Federal Executive Branch and Securities and Commodities Exchanges topped the compensation list with an average annual wage of more than $90,000. If you’re a CPA, you can expect to receive a salary range from $40,000 to over $100,000 a year. This is not to mention the benefits you can get from your employer, such as health coverage, retirement benefits, and other bonuses. And since the financial industry is continuously growing, these figures are likely to increase yearly.

Career security

Experienced accounting professionals will always be in demand. This is particularly true in this age when people are getting more and more concerned about their finances. And with the increasing competition in the business industry, CPAs will be more greatly needed than ever. The U.S. Bureau of Labor and Statistics projects a 13 percent increase for the employment of accountants and editors between 2012 and 2022.

Opportunity for growth

Having a CPA license is a perfect way to stand out among your competitors, since this indicates your commitment to the profession and demonstrates your extensive knowledge and skills in the accounting and business field. While you are still required to prove your worth and skills as an accountant, it becomes much easier to get the position you want if you’re holding a CPA license. If you’re a licensed, you get an opportunity to reach a higher position in a company, such as being an account manager, a board of director, or even a president or CEO!

A variety of work options

There are so many positions you can find in the accounting field. And if you’re a licensed, your options become even more plentiful. Depending on your skills or specialization, you can work as an accountant, a bookkeeper, an auditor, an accounting manager, a chief financial officer (CFO), a consultant, or even a chief executive officer (CEO). This industry also offers a vast array of working environment to choose from. You can work in a private company, government agency, film industry, corporation, or even choose to start your own business!

Accounting 101: The Types

Accounting can be defined as the art to analyze and interpret data and figure. For some, they might not be aware that even for personal or business use, accounting is applied in some kind. A person is doing accounting without his knowledge when he analyze any financial data then he went on to relate it to others. Accounting is nonetheless a vital tool for any kind of business, big or small.

Accounting Types

The term accounting has different fields or types depending on the group or person that it are served. Below are the types of accounting.

  1. Industrial or Private Accounting. This refers to the accounting process that is only for a single firm. Because he is a private accountant it means that he imparts his expertise to only one employer. He got his wage based on employer-employee set up. It is called private as it is referring to the accountants in Medway and the service that they provide.
  2. Public Accounting. This is an accounting service given by the accountant to the public. If the relationship of practitioner exists, the accountant is called public accountant. This type of accounting is considered more professional when compared with private accounting. Certified or non certified public accountants can give his or her accountings services to the public. The range of these firms can be clientele from local, national or international.
  3. Government Accounting. This relates to accounting of any government branch in any level. It can be local, federal or state. This type is quite similar to the traditional method of accounting. The methods of conventional and government accounting made use of double entry system to be applied on accounting, ledgers and journals. This type aims to provide service rather than to earn money. Because the motive to profit is not utilized to measure the government unit efficiency, the other control measures were developed and used. The way to enhance the control process, the special funds accounting is put in to use. Just like any business entity, the governmental units can be used for the services of public and private accountant. Read more at
  4. Fiduciary Accounting. This type of accounting depends on the concept of trust. This is done by an administrator, trustee, executor or any person who is trusted. The job of the fiduciary accountant is to maintain records and report preparation. This can be allowed or through the court of law jurisdiction. The accountant needs to locate and take control of the property subject of the trust or estate. The proprietorship idea that is typical for the common kinds of accounting can be considered non-existent or altered in this type of accounting.

National Income Accounting. This type made use of the concept of social or economic set up to build the accounting as opposed to the typical idea of business entity. National income accounting takes charge of the giving the public an estimation for the yearly purchasing power of the nation. The Gross National Product or GNP is an associated term that is referring to the entire market value of the services and goods produced by the country in a specific time frame in a calendar year.

SMSF’s: What is it all about?

An SMSF or self-managed super fund is a superannuation fund that has between one to four members and has elected to be regulated by the Australian Taxation Office (ATO). All members are trustees and all trustees are members, who jointly control and manage the fund. Single member funds need to add in a second trustee, where the fund operates as individual trustees, but the second trustee does not have to be a member. You can set up your own private super fund and manage it yourself, but only under strict rules regulated by the Australian Taxation Office (ATO).

An SMSF can have between one to four members. Each member is a trustee.


When running your own SMSF one must:

  • Carry out the role of trustee or director, which imposes important legal duties on you.
  • Use the money only to provide retirement benefits.
  • Set and follow an investment strategy that ensures the fund is likely to meet your retirement needs.
  • Keep comprehensive records and arrange an annual audit by an approved SMSF auditor.

Also when running an SMSF you will require:

  • A large amount of money in the fund to make set up and yearly running costs.
  • To budget for ongoing expenses such as professional accounting, tax, audit, legal and financial advisee.
  • Plenty of time to manage the fund.
  • Financial experience and skills so you are more likely to make sound investment decisions.
  • Separate life insurance, including income protection and total and permanent disability cover

Benefits of an SMSF

For Australians SMSFs offer five major advantages which includes:

1. Investment control

Most superannuation funds will allow you to invest into shares, fixed interest and property via managed funds but often with strict restrictions. SMSFs however, offer a large range of additional investment options, including direct property, physical gold and other commodities, derivatives, and subject to various requirements, collectables such as art work. SMSFs also offer the flexibility of gearing with your investments, whereas APRA regulated superannuation funds generally do not offer gearing.

Many industry experts say that beyond choice, the real benefit a SMSF confers is the ability to have more sophisticated investment strategies working for you

2. Effective tax management

Control and flexibility over your SMSF investment decisions affords you the ability and means to consider tax when managing your fund’s investments.

The current SMSF tax rate on income at 15% is one of the lowest of any entity in Australia. This can potentially be reduced further as income from eligible pension assets are not taxed, and benefits can arise from the imputation credits connected with Australian shares. Further, you can also control exactly when to dispose of assets. This reduces the capital gains tax liability.

3. Greater investment flexibility

A SMSF structure also means you can roll your funds into an account based retirement pension or a pre-retirement transition to retirement pension and still exercise flexibility and control over your investments. Also, while you’re receiving your eligible account based pension, any income earned on those assets, or capital gain realized, should be exempt from income tax.

4. Capacity to pool your super with up to three other individuals

SMSFs provide you the ability to pool your resources with up to a maximum of four members. For many Australians, this has translated into a growing number of family run SMSFs. This increased investment pool allows you to potentially access lower administration costs as well as accessing investment opportunities that may  not be available to smaller investment amounts.

5. Estate planning flexibility

SMSFs offer greater flexibility with your estate planning needs. You can set up and leave tax advantaged income streams to dependent beneficiaries. SMSFs can also make binding death benefit nominations that do not lapse, unlike many public offer super funds, which tend to require binding death benefit nominations to be updated every 3 years.

Read more: life insurance.

What You Should Consider When Choosing a Payroll Service

Proper payroll management is very essential for every business. Failure to get it right will not only get business owners into issues with employees, but also with tax authorities. However, payroll management can be a bit tasking and potentially capable of robbing businesses of time that could be better spent making money. This is the main reason why an increasing number of business owners now prefer to outsource these functions to payroll services. But before going ahead to choose a payroll service, there are some things you need to consider.

choosing payroll service


It is an advisable thing to ensure that you request for referrals when looking to choose a payroll service. This will help you avoid issues that could arise as consequences of choice made. You could ask other business owners what service they use or check with the Better Business Bureau. Your banker or a certified public accountant (CPA) may also be asked for recommendations.


The experience of a payroll service is also worth considering. Payroll and business taxes could be rather hard to handle and their calculations prone to errors. This is why you want to ensure your payroll service has been around for a while and can guarantee accuracy and efficiency.

Pricing structure

You want to make sure that you know what the pricing for a payroll service is before making any commitment. Sometimes, pricing is based on bundles of services, some of whose inclusions may not be relevant to your business. It is, therefore, important to know what proposed pricing structure covers. A breakdown of pricing should be requested to help you identify hidden fees that could otherwise go unnoticed.

Account management

It is recommended that you inquire from your payroll service provider to know the person directly managing your account. You should not assume that the professional-looking and seemingly experienced individual you spoke to the first time will oversee your account. The account handler could, in fact, be a novice. Try to familiarize yourself to your account manager and ask questions bothering your mind.

Payroll tax handling

You equally need to ensure that you know if and how your payroll service handles payroll taxes. Some services may expect you to do your payroll tax calculation, filing and payment all by yourself. A good payroll service should be able to help you ensure compliance to payroll tax requirements by taking care of calculation, payment and filling — in a timely fashion as well. You should also find out beforehand what extra fees, if any, are expected for the payroll tax services.


It is essential for you to ask your payroll service provider how secure your sensitive financial information is. You surely do not want such information to fall into the hands of hackers. It is advisable to ask to know what measures are in place to ensure security breaches are prevented.

Customer support

There will be times when you need to reach your payroll service provider for one reason or the other, especially during emergencies. The ease of contact and responsiveness will depend on the quality of customer support provided. References supplied by a provider may be able to give you an idea of its customer service quality. You could also assess quality of customer service by yourself, looking through available contact options and trying your most preferred.

A good payroll service will help in no small measure to avoid payroll issues with tax authorities and employees. Giving a thought to the factors mentioned will help you get your choice of service right.

Your Guide to Payroll Outsourcing

It is said that happy employees are the most productive employees. And why wouldn’t they be? Trusted and dedicated employees work their heart out, all day and night, just to help your firm flourish. So there is no alternate to an experienced and virtuoso employee, as they are one of the biggest and prime assets of a company. So if you happen to be an entrepreneur, you must be thinking of different ways to keep your workers all smiles. Want to know the easiest way to do so? Well, nothing pleases an employee more than a proper paycheck at the end of the month. But paying the employees on time is a lot easier said than done, especially, if you are a small business owner who is not well versed in accounting. Payroll processing can be downright overwhelming and can also give nightmares even to long time experienced business owners. So this is where an outside payroll service can come to your rescue.

guide payroll service

Perks of Payroll Outsourcing

When a business hires an outside firm to manage all their payroll functions to save time and money, it is called Payroll Outsourcing. In recent times, payroll services are doing a lot more than just churning out your employee’s paychecks. So check out the reasons why hiring a payroll service is beneficial to your firm:

  • eliminates the need for in-house payroll staff
  • frees your employee’s time to pursue more revenue-generating activities for the firm
  • they work with accuracy and are always up-to-date
  • manages a company’s tax related hurdles
  • helps to keep track of employees’ hours, sick days and paid time off
  • saves you money on legal fees
  • handles reports filed with federal, state and local government
  • manages employee retirement plans

What to watch out for

Even though payroll services can be extremely advantageous for a firm, it can be a recipe of disaster for a company if it gets to the wrong hands. So make sure you look out for any potential red flags when researching potential payroll providers. The following are some things you should keep in mind:

  • make sure the company you outsource is genuine and trustworthy
  • the outsourcing company should be bonded and insured
  • ensure that the company is paying the IRS properly on your behalf
  • choose a service that is upfront with its clients
  • your payroll service provider should be aware of your payroll tax requirements and deadlines

Bottom line

The best way to “keep the books” is not to screw them up and the easiest way to not screw them up is to hire a payroll outsourcing service. Payroll outsourcing can provide small firms, as well as large enterprises, an attractive alternate to managing payroll internally. Outsourcing eliminates the time that the employees spend on calculating payrolls and tax obligations, and aids them to work on some real value-added activities that can help the business to blossom. Watch out for the red flags, and you are good to go.

Applying for a Mortgage Loan

Regardless of the financial status, career and credit reputation, everyone often seek financial assistance for various reasons. Raising funds is not an easy task to accomplish. Borrowers look for various ways on how to complete the amount needed for a definite purpose. Some may want to start a bigger business, needs additional funds for personal and professional reasons or there is an emergency that entails bigger amount in a short time frame. Often, people resort for a mortgage loan to cope with all these needs. However, applying for mortgage doesn’t happen in an instant. If there is one alternative for raising fund that has complex and long process, that is through mortgaging.

applying for mortgage

As mortgage applicant, you need to present yourself in the most credible manner. You should own supportive documents that can prove your capacity to pay a borrowed fund. Similarly, you must have a stable job and clear source of income. Also, you should have a good credit record or no delinquent credit history from previous loans. Since mortgaging is often granted by a financial institution, you could expect tough screening and investigation right from the start. However, if this is a complex procedure for a typical applicant, what are your chances of getting the loan if you have existing unpaid credits or several lapses with your credit history?

What Should You Do?

Nothing is impossible with a willing heart. Although mortgaging is not a business of charm, it is best to be honest with your approaches towards the lender. You must explore all your possible options and resources in order to come up with the right solutions. If you think you can’t totally resolved the issue by brainstorming and merely presenting yourself to the financial institution, its time you seek expert advice from the most reliable mortgage broker or financial professionals. If you also know credit analysts, they can help for bad credit cases and can assess and explain to you the status of your outstanding loans or credits, as well as the possible solutions to effectively fix it.

Nonetheless, you must understand that these are just your tools and alternatives, which may either make or break your loan application. You must be aware and ready with the possible results of your mortgage status. You must bear and mind that every financial institution and lenders have their own way of dealing credit issues of the applicants. If you are not successful with the other, you are always free to take another try.

Simple Tips to Consider

There are several situations that are beyond your control. Although you don’t have any plans of missing any payments, there are urgencies and factors that may come in between, which may hinder you from fulfilling your credit responsibilities on time. However, you must make it a point to prepare thorough planning and proper knowledge about good habits of handling credit obligations. Again, you can always seek help in various ways just like mortgage professionals because they can help for bad credit cases you are experiencing.


3 Ways to Invest in God Without Church

moneyedup this extensive listThe bible states that we should donate a portion of our income to the church in a form of tidings. But not every Christian feels the need to go to church. Many believers prefer to enjoy private, at-home devotions alone or surrounded by friends and family. How can you still pay your dues without actually going to church? The answer is easier than you might think. Here are three ways to invest in god without the hefty overhead.

Sponsor a Mission Trip

Maybe you dream of being able to spread the word of God to underdeveloped countries but you just can’t get the time off work or afford to cover the hefty travel and lodging expenses. Fear not, there is a better option for you. By sponsoring a mission trip through any local organization or church you are aiding in allowing one person or a group of people to do the work of God. Your money is going directly to a greater cause.

When you sponsor a mission trip you are investing in the future of religion and those ambassadors who will be spreading the good word. Missionaries choose to go to countries where the basic necessities such as clean drinking water and a sturdy shelter are hard to come by. These individuals need money to fund purchasing food in the area, equipment, toiletries and other basic necessities to survive and complete their work.

Join a Meditation Retreat

If money is tight then maybe you need to invest in yourself. Meditation retreats are popping up everywhere. You can check out this extensive list at to find some of the most popular options. During a spiritual meditation retreat you are encouraged to expel negativity and unhealthy habits from your life. There is often structured dietary plans and activities that you take part in. The experience is designed to help clear your mind of clutter and external poisons and bring your focus back to God.

A meditation retreat is typically completed in silence as well with the exception of devotional times. This allows your body to fully rest and your mind to contemplate and build on your relationship with God and your spirituality. Individuals who embark on meditation retreats report back that it was an uplifting and life changing experience that brought them closer to their savior.

Support a Cause

It probably seems like every time you go to a store you are hit up for a donation to some charity. It’s impossible to not feel like you should donate to every cause that touches your heart. If you want to invest in God without the church then select a specific charity which you are most passionate about. A popular option for Christians is charities that help the homeless. You can invest your money to help them build shelters and grow their outreach efforts or you can invest your time helping to prepare meals or council those who are living on the streets.

Additionally, you could choose to support a cause that distribute bibles to wounded soldiers, helps single mothers or is geared towards bringing children closer to god.

Need a little more God in your life? Check out our list of the Top 20 Christian Sites.

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