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Small businesses – Time is money

Many people who dream of starting up their own businesses hit a bit of a crossroads when they have to decide whether to work to earn money that they can put towards their idea, or quit their job to focus solely on their dream job. Sometimes, even with savings you always need that little bit more but it can be risky to head back to work. You may only get one shot at your dream job, so if you wanted to start your own hairdressing business but you didn’t have enough to complete the salon, you may need to work, save and revisit the idea at a later date. Time is money though and by wasting time you could be making it more difficult to get set up in the...

Setting up a bank account in Australia

Australia is one of the most popular countries for gap year holidays, so there is a huge number of young adults visiting this huge country throughout course of a year. One of the first things you need to do when you arrive in Australia for your gap year or working holiday visa is to set up an Australian bank account. The process is actually an easy one, but there are a couple of things you’ll need to do to get everything set up okay. Australian telephone number Australian Address Passport Don’t worry if you’re only staying in temporary accommodation such as a hostel, as long as you have an address so the bank can send your card out you’re away! But don’t forget these 3 vital aspects when you arrive...

When to consider a Payday Loan?

It’s true that payday loans can get you out of a sticky situation fast. That said, they can also get you into an even stickier situation, so when is it okay to consider getting a payday loan? Well, let’s first understand what a payday loan actually is. It’s a short term loan agreement. So to clarify that’s short-term not long term! This means that paying it back as soon as possible is going to make it a reasonable option for somebody with a short term need for funds. If you need a long-term loan you must avoid this at all costs. Otherwise interest rates will build up quickly, so too will the deadlines for repayment. Only commit to a payday loan if you need to borrow money for several days...

How safe is Apple Pay?

Apple pay seems dodgy doesn’t it? You simply touch your mobile phone to a card machine and boom, your payment is successful. It’s changed the game, and it’s probably going to be the future. That said, as it’s only very recently been rolled out, people are doubting how safe it really is. With the amount of geeky techno hackers around, would it be very easy for someone to spend your money if they found your phone? Well, in short the answer is yes. If you don’t have a secure phone pin, they may be able to get in and use your phone to buy a product or service. That said, they can do that with your bank card, so it’s just a case of cancelling your accounts should you lose...

Registering as self-employed

When we mention the term self-employed, its normal for many people to presume we’re talking about an individual who owns their own company and essentially runs their own business. That’s true in some cases, but the minute you start earning regular money outside of employment, you’re self-employed in the taxman’s eyes. That is why you need to register for self employment as soon as you start earning a bit of money on the side, and it’s certainly worth doing if you’re planning to pick up even more work in the not too distant future. once registered as self employed, you will then need to submit annual self-assessment forms outlining all of the money you’ve made from outside of work, and it can be wise to hire a professional accountant to...