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The rich avoid taxes with a strategy called “Buy, Borrow, Die”, by using assets as collateral to borrow money, and write off interest as a tax deduction Step 1: Buy assets (hold to avoid taxes from selling) Step 2: Borrow money at low interest rate

Day 6 About Basic Finance and Accounting Concepts Here's Some New Concepts 3. Tangible Assets Physical assets that have a physical form and can be touched. Examples: machinery, real estate, vehicles, inventory, and office supplies. 4. Intangibl

Today's term of the day: Equity Equity, in simple terms, is the money that is returned to all the shareholders of a company, if all the company's assets are liquidated and liablities are paid off. It is also a measure of the financial health of a c

Heve you ever checked about your household products like which company manufactures the products , the owner of the company, the market cap, the share value and the history of the company. Let's take an example - When I am going to buy a pack of bre

I am GST exempted so my company is also . But what about my staff . what's the GST to buy a staff ?

Real Estate Lease Agreements A lease is a written legal agreement between landlord and the tenant that helps to establish the following : *How much the tenant will pay in rent. *How long the tenant is legally committed to stay. *Any additional payme

Ever wondered how the big companies actually work? Here's a quick breakdown! 📌 Business – An umbrella term for any commercial entity. 🏢 Company – A business that is its own legal entity. 🤝 Partnerships – Owned & run by multiple people. 🏛️ Corpor

Fellas, I'm doing a self-post challenge where I'm going to explain a business term briefly every day Today's term: Assets Assets are resources that are owned by a company that provide economic value and future benefits such as generating income, im

Buy this, it’s high quality” is the dumbest pitch. People buy emotionally for utility, not specs. Everyone has a car, but not everyone buys a Rolls or Mercedes. Why? Quality isn’t the driver. It’s what it does for them. Sell outcomes, not adjectives.