Tax, Audit and financial advisory-Maledi&Associates

Tax, Audit and financial advisory-Maledi&Associates BUSINESS...

01/05/2022

Now offering Financial assistance

22/05/2016

You have10 000 at your disposal for investment purposes, (avoid option 1 and consider option 2)
option 1
invest in a fixed deposit at a financial institution(bank) or take out an investment policy with one of this popular institutions.
You will be asked to fix it for at least five(5) years earning an interest of less than 10%pa, it is risk free but the return are very low and the interest is not
even compounded meaning your interest earned on the first year will to be added to the capital to calculate the interest for second year, so you will earn interest on fixed capital
What you don't know is your 10 000 will be used to make hundreds of thousands through trading, which brings us to ur second option and highly recommended
option 2
Ever heard of trading in a stock exchange like the JSE (Johannesburg Stock Exchange )
the process is very easy if you know what you are doing and the process is yet very difficult if you don't know what you are doing.
The participants in the stock market bears high risk and high returns for everyone, the is as compared to the first option is that you can loose all your 10 000, therefore you need to be able to minimize this high risk, how do you minimize a stock market product rist
-select one or two products traded on the stock exchange
-study their market base
-study the sensitivity of their price change form other factors
-measure the elasticity of that price change
-find out which factors affect their reaction,(politics, inflation, demand, supply, corruption etc.)
-keep a consistent observation on those selected products until you can be able to predict how the react to those factors
Only when you have done that, then you can now risk with your 10 000, because you no longer facing a high risk but a calculated risk with high returns
Now you open your trading account only if you have studied that market, if you are not sure open a trading portfolio with a broker, but highly recommend that you trade for yourself.
Now option two is how financial institutions make their money and you can too.

Three steps to starting developing an economic activity1 - Idea2 - planning3 - action
21/05/2016

Three steps to starting developing an economic activity
1 - Idea
2 - planning
3 - action

26/07/2014

We are now in TAX season
All workers need to submit their tax returns
Here is a list of documents you need to take to SARS
1...IRP5 (you can get it from your employer)
2...medical certificate...( statement and records of your consultations during tax year, you can get it from your medical scheme)
3...retirement annuity certificate...(if you have it, you can get it from the insurance company you took under)
4...Bank statement...( only if you changed your bank account during the tax period)
5...your ID book
Lets submit and find out if we owe SARS or if SARS owe us, lets avoid peanalties, let us be good citizens
You can be owed by SARS if you sustained medical expenses, there are always items that are not covered by the medical aid
You can owe SARS if you have enjoyed an Income and neglected to disclose it.

21/06/2014

Investing is a very good way of catering for the future and accumulation of wealth, but...
You really need to be careful of what you invest in, becuase not all so called investments are meat to benefit you...
Most of the investments available are actually schemes, which are meant to rob you of your hard earned cash.......
Now here is a tip, the first step in making a good investment is to invest in yourself, if you have not yet made an investment in yourself
you will not make a good investor, if you are keen to invest in any available investment on the market, you first need to make a gold exploiting research about the company offering the investment
Find out about their history of exitence, find out if they are acredited as the fInancial providers, find out if they have have existing physical premises where you can personally vistit them, and also do
ask for their financial statements to see how they perform. Now keep in mind that a good investment company will never try to convince you to invest with them, but will omly invite you to invest with them
be carefull beautiful South Africans, be smart when it comes to matters of finances, be strategic when it comes to your future and lastly don't doubt your instinct, if its too good to be true then its a scheme

07/06/2014

In all your attempts to grow big and the realization of success, remember to use the following words as your pick me up manual....
NEVER use excuses as your comfort for failure,
THE true meaning of failure is..(success delayed) therefore failure is part of success.
Failure only calls for restructuring and emloyment of different tactics.
Learn to take risks, as we know the higher the risk the higher the returns.

04/02/2014

FROM ECONOMIC IDEA TO THE IMPLEMENTATION(the business plan)
The business plan outlines the structure and operation of the proposed idea,
The most important part is the convincing success of the idea or the product,
The long term sustainability of the idea/product(potential character of it)
The funds needed in the form of a cost breakdown
Now cash injection into your idea will depand on type of entity you choose,
Options( Partnership, private company, public company or a Close Corporation CC )
partnerships will allow you to invite in more than one partners and it does not pay tax, tax is imposed after the partners have shared the profits in the individual capacity
Company grands an opportunity bring in large amount of capital in the form of selling shares and its more safer as it pays tax in its own capacity
Close Corporation is fast and easy to start but have a very limited number of members, it also pay tax in its own capacity.

03/02/2014

WHY START YOUR OWN BUSINESS
In our struggling economy, its highly impossible to accumulate wealth from being an employee,
With a salary you can only survive and if you are lucky you can atleast afford from it.
I know what most of us say...we go like..."i don't want to be rich I just want to be okay and afford"
But we play lotto every time, which means we do wanna be rich the easy way.
So in actual sense we all want to be wealthy but we are afraid of the challenges that comes with it.
Now all people who are on self realisation stage are not employees, they own economic activities.
Now is time for you to own something.....an idea....a practice...a new brand...a scarce skill anything that will
Inject a new demand in the economy.
We all have ideas but we often fail to put them down and we don't know how to convert them into real economic ideas.
When you have an idea, write it down and when its on paper, do a bit of research to improve on the idea.
The research will include checking if it already exist, the market base for it, the ways of attracting funds to it(investors)
After the research it will now be reduced to an economic idea, then you can start drafting a business plan to get funding

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