Back

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

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

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

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

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.

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