o Avoid perpetual payments. ... o Re-evaluate complex expenses. ... o Automate employee time tracking. Wealth accumulation The key to successful wealth accumulation is to set clearly defined and realistic goals and to then design a plan that will help you to achieve those goals. Asset Development Asset Development is a series of strategies that provide long-term benefits and have the potential to help people with disabilities improve their economic status, expand opportunities for community participation, and positively impact their quality of life experience. Mr. Andy Wang: That’s sound great! I think this will be cover all I needs Me: Ok, And Identify relevant legal and financial requirements that will need to be considered in order to achieve the specific objectives are: Consumer Affairs Act Consumer Credit Code Contract law Corporations Act Financial Services Reform Act (FSRA) Industry codes of practice National Guarantee Fund rules Privacy Act Relevant financial association's business rules and codes of practice
Taxation Act Trade Practices Act And detail other processes I will need to undertake in order to achieve their financial goals, such as: Personal investment strategies Business registration Insurance needs Tax issues / requirements advertising and marketing administrative procedures complaints and dispute resolution procedures IT and administrative systems policies and procedures in relation to client service Product or service development. And detail strategies to put in place to ensure the above requirements are met Planning, Coordinating, Directing, Analyzing or Controlling. Mr. Andy Wang: The other processes I need to undertake to achieve my financial goals are: Personal investment strategies When it comes to investing, it’s important to keep a few fundamental things in mind, such as what it is trying to achieve, what your attitude is to risk, and what time you have available to invest. Me: Ok So, I would like to tell you about How to developing a personal investment strategy. 1. Build an emergency fund. 2. Take a risk tolerance questionnaire. 3. Use an asset allocation model. 4. Establish the scope of your involvement. 5. Implement a dollar-cost averaging strategy. Mr. Andy Wang: another process that I need is Business registration Me: Ok . When starting a business you will need to register your business name or your company. Registering your business name does not give you legal protection on your trade mark. To protect your intellectual property, consider registering a trade mark. Read about the differences between business names and trade marks before registering each. If you are doing business online, you will need to register your domain name to establish an online business.
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- Fall '16
- Australian Taxation Office, Taxation in Australia, Mr. Andy Wang