The Nature Of Assets

Legal ownership is not the only criterion for classifying something in accounting terms as an asset; for instance, someone buys an item on hire purchase but does not become the owner of that item until the full purchase price has been paid. Nevertheless, the item is still recorded as an asset together with the corresponding obligation. Similarly, although a lessee never becomes the owner of the item leased, he may record that item as an asset providing that the corresponding obligation is also shown.

In an accounting sense ‚ownership‘ usually implies ‚legal ownership‘, but there are exceptions; an interest in a tangible or intangible object, or a right to value, combined with the right of possession and the right of use also constitutes an asset for the interested party.

If a person is the owner of the value or economic benefit arising from a specific source, then that source is an asset for the person concerned and he is the economic owner, although he may not be the legal owner. In such case accounting substance should take precedence over legal form in ascertaining the most suitable accounting procedure.

The chief function of accounting is to determine profits. The generation of income, however, requires capital investment in order to provide the facilities needed by an enterprise to operate continuously and indefinitely.

Historically, expenses that are incurred by not allocated as a cost during a period are deferred costs. From an accounting point of view, they represent an asset. If these costs can be recovered within a year, they are current assets and if they are recoverable over a longer period they are fixed assets.

This classification of assets is essential for determining profits and also to show the enterprise’s position at a specific time, in other words, the composition of its assets and the nature of its obligations. The purpose of acquiring fixed assets is to use them to generate income. They are not acquired for the purpose of resale. The fixed assets must produce goods that generate income, or in other words, they must be used in the business‘ operations.

The largest category of fixed assets in accounting terms is tangible, such as buildings, machinery and vehicles. Land that is not subject to depreciation or depletion through use, since it is never ‚consumed‘ is also considered as a tangible fixed asset. When evaluating buildings, machinery and vehicles these assets are subject to depreciation that must be apportioned annually as a cost. Natural resources that, through use, are also subject to depletion, such as mines, oil and gas wells and plantations are also considered as tangible fixed assets.

Another group of assets is intangible fixed assets such as patents, copyrights, trademarks‘ and goodwill. Deferred expenses and debits such as the preliminary expenses of a company are also considered in accounting terms as intangible fixed assets.

Finally, the last to be considered as an asset are external assets also known as investments. These include fixed period investments earning a fixed income, investments in ordinary shares of other companies, sundry investments such as pension funds, housing schemes and insurance policies and, lastly, investment properties.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Michael Russell

The History Microsoft Dynamics ERP

In September 2005, Microsoft renamed and integrated its ERP products – Great Plains became Microsoft Dynamics GP, Navision is renamed as Microsoft Dynamics NAV, Axapta became Microsoft Dynamics AX, Solomon is now tagged as Microsoft Dynamics SL and Microsoft CRM is now known as Microsoft Dynamics CRM. The idea is to unify all future products under the Microsoft Dynamics name.

In getting all the MRP system merged into a unified name, there are some applications that should be taken as base and there are some that needs to be phased out. To be able to identify which is which, here is some basic information on some of the Microsoft ERP applications.

• Version 3.0 of Microsoft Dynamics CRM is one of the most abreast application with regards to other Microsoft innovations such as the Active Directory, XML Web Services, MS Exchange and MS CRM SDK. Recent development has MS CRM 1.2 and 3.0 integrated with Microsoft Dynamics Great Plains 7.5 and 8.0.

• Project driven organizations will be better off if they use Microsoft Dynamics SL or Microsoft Dynamics Solomon. This ERP is modeled for such organizations and no competitor comes close yet compared to this application.

• Microsoft Business Solutions or Microsoft Dynamics Great Plains bought the Navision Software around the year 1984. The fundamental idea of Navision is in its database proprietary platform, C/SIDE. Before the Navision software was purchased by Microsoft, it has its own design, work plan and marketing strategies that became successful in both American and European markets. Navision is flexible enough to work with any business whether it is intended for small to upper mid-market. When Microsoft bought Navision, they started offering it in Eastern Europe and even in Brazil where it is said to have over a hundred implementations as of 2005.

• Microsoft Dynamics Great Plains today is a far cry from its original platform. Versions 5.5 to 7.5 are already available for Ctree and Pervasive database platforms. Version 8.0 is now available on MS SQL Server. The Microsoft Dynamics Great Plains is offered mainly in English speaking countries such as the USA, Latin America, Canada, UK, Australia, New Zealand South East Asia and some parts of South Africa.

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Makler Heidelberg

Source by Jhon Penn



            Normally, a firm passes through different stages of development before it becomes a truly global corporation. Typically, a domestic firm starts its international business by exporting. Later it may establish joint ventures or subsidiaries abroad. From an international firm it may then develop into a multinational firm and finally into a global one.

            Ohmae identifies five different stages in the development of a firm into a global corporation. The first stage is the arm’s length service activity of essentially domestic company which moves into new markets overseas by linking up with local dealers and distributors. In stage two, the company takes over these activities on its own. In the next stage, the domestic based company begins to carry out its own manufacturing, marketing and sales in the key foreign markets. In stage four, the company moves to a full insider position in these markets, supported by a complete business system including R & D and engineering. This stage calls on the managers to replicate in a new environment the hardware, systems and operational approaches that have worked so well at home. It forces them to extend the reach of domestic headquarters, which now has to provide support functions such as personnel and finance, to all overseas activities. Although stage four, the headquarters mentality continues to dominate. Different local operations are linked, their relation to each other established by their relation to the centre.

            In the fifth stage, the company moves toward a genuinely global mode of operation. In this context Ohmae points out that a company’s ability to serve local customers in markets around the globe in ways that are truly responsive to their needs as well as to the global character of its industry depends on its ability to strike a new organisational balance. What is called for is what Akio Morita of Sony has termed global localisation, a new orientation .that simultaneously looks in both directions.

            Getting to stage five, however, means venturing onto new ground altogether. Ohmae argues that to make this organisational transition, a company must denationalise their operations and create a system of values shared by corporate managers around the globe to replace the glue a nation based orientation once provided.

            Ohmae further observes that today’s global corporations are nationalityless because consumers have become less nationalistic. True global corporations serve the interests of customers, not Governments. They do not exploit local situations and then repatriate all the profits back home, leaving each local area poorer for their having been there. They invest, they train, they pay taxes, they build up infrastructure and they provide good value to customers in all the countries where they do business. IBM Japan, for instance, has provided employment to about 20,000 Japanese and over the past decade has provided three times more tax revenue to the Japanese Government than has the Japanese company Fujitsu.“

            Many firms across the world has ambitious plans to become global.


M.Phil Scholar

Department of Commerce

Periyar University, Salem-11

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Makler Heidelberg

Source by C.Pavithira

Future Of Human Economics Considered

It goes without saying that a think tank needs a constant flow of new ideas and innovations to be of value to our society and civilization. So, of course, we ask our fellow members to be generous with their ideas. From time to time we also get outsiders from around the work sending in their best mental brain storms. Not long ago, we had someone explain their plan to ditch the money rat race in society, actually to ditch money all together and increase our productivity by some 30%, here is what he had to say:

„I have an idea that could improve the overall efficiency of the world by perhaps 30%. I need help in the part of how to turn capitalism into a non-money using, non-communism structured government. Also how to persuade the government to move to it and think it was their idea in the first place.“

Well, my first thought was; if we can improve efficiency in human civilization by 30%, I am ALL-IN. Indeed, I am a capitalist and love free markets and yet, I must admit I agree that the unit of trade, we currently call a USD (reserve currency) has challenges in rewarding many of the things we need to propel humans into the future. If we could find a way to use (digital units) and give out digital units for things like volunteerism, picking up trash on a daily walk, innovation, mentoring, original thoughts, and other contributions to society we could have „real value“ supporting the intrinsic value of the digital units.

Of course, we might be able to use digital currency, a Bitcoin or BlockChain type scheme, the same way as Free-Market Capitalism with a new form of „unit“ to trade. This might help us curb the cronyism of socialist elite, Communist regimes and corporate/government incestuous relationships that Adam Smith warned us about. The units of trade could retain value based on „real work“ – positive work towards noble endeavors, while the units traded for commerce remain the same. The „goodness“ pay would be based on supply and demand, more pay for what is needed, less pay for what is already in abundant supply. The AI decision matrix determines this, not humans?

And really it is the next logical step as AI replaces decision making (executives, analysts, and management) and robotics replaces most labor jobs, and AI + robotics replaces most creative jobs (artists, writers, etc.) and AI + VR replaces teaching jobs.

In many ways we would avoid capitalism, at least the way it’s practiced in reality (crony capitalism), but we also need to make sure that no one games the system – including those controlling it – unfortunately, there is also that problem of human nature. Also the group, government, leadership of the system would have a little too much power and therein reminds us of the quote; absolute power corrupts absolutely, and/or the reality that power brings out and amplifies any character flaws, even those of a benevolent philosopher king.

In many regards Capitalism is becoming less usury driven, due to interest rates being so low and in some places negative rates.

So, here is the $64 Million question – is it possible to change our current monetary system and could we really do it any better – and is it worth the risk to try? Well, either way it is an interesting place to do a mental experiment isn’t it?

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Makler Heidelberg

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Lance Winslow

Using a Mixer Insert Jack as a Direct Out

When connecting a mixer to a digital audio interface or multi-track recorder, you normally connect the Direct Out jack of each mixer channel to a track’s input on the interface. For example, let’s say your kick drum mic is connected to channel 1 of the mixer. If you wanted to record the kick drum to track 1, you would connect the channel 1 Direct Out to the track 1 input of the interface. You would then connect the channel 2 Direct Out to the track 2 input of the interface, etc. Using the Direct Outs in such a way takes each channel’s signal post-fader and post-EQ and sends it straight to the recording device. This allows you to record that one instrument (and only that instrument) to its corresponding track on the recorder or in your DAW software.

But what if your mixer doesn’t come equipped with Direct Outs? Many lower-priced mixers, or mixers designed more for stage use, do not. It’s also common on many 16-channel mixers to only have Direct Outs on the first 8 channels. If your mixer doesn’t have Direct Outs (or doesn’t have enough of them), you could always use the Main L/R Outputs of the mixer, but there are only two of them. But the problem with this is that ALL of the channels in use will get mixed together and sent to those outputs, which is generally not what you want. If your mixer has Subgroup outs (or „buses“), you could use those, but on a 4-bus mixer, there are only, well–4 of them. So what’s a guy to do if he wants to record each mixer channel to its own track? Fortunately, there’s another alternative–the Insert Jack.

An Insert Jack is a TRS (Tip-Ring-Sleeve or 1/4? stereo) jack that is typically used to connect a signal processor to only affect a single mixer channel. An example would be a compressor or noise gate that might be connected through the Insert Jack of a mixer channel to only affect a single vocal mic. To use the Insert Jack in such a way, you need a „Y“ cable with a stereo TRS plug on one end (connected to the Insert Jack) and two mono TS (Tip-Sleeve or 1/4? mono) plugs on the other end. One of the TS plugs is connected to the input on the signal processor and the other is connected to the output of the same device. So essentially, the Insert Jack creates a signal „loop“ that both sends the signal for the channel out to an external signal processor and then returns it back to the mixer, all through a single jack (the Insert Jack). However, if you’re not using an Insert Jack for its intended purpose (and you often will not), it has a handy second function–as a Direct Out.

There are a few different ways of using an Insert Jack as a Direct Out. First, you can use a standard TS to TS patch cable. Plug the cable all the way in to the Insert Jack. The only drawback here is that the signal is sent to the recorder from the Insert jack, but the signal is „interrupted“ and is no longer sent to the mixer’s main outputs. This may be okay for some recording situations, but in other cases, you will want the signal passed on through to the main outputs as normal, for monitoring purposes or for connection to a power amp and speakers in the case of a live concert.

The next option using a regular TS to TS cable is to only plug the cable in to the „first click“ of the Insert Jack. This will tap the signal and send it straight out to the recorder, while still allowing it to pass on through to the mixer’s main outputs. The only drawback to this is that if you don’t get the cable plugged in just right (to only the first click), you may end up with either no signal to your recorder or no signal to the main outputs (or both).

So a better alternative than the „first click“ or the „all-the-way-in“ method is to use a special cable or adapter that both passes the signal for the channel to the send of the Insert Jack but still passes it on through to the mixer’s outputs as normal. To do this, you can use a Stereo Plug to Mono Jack adapter with a normal mono TS to TS cable. Or you could buy a special Insert Direct Out cable adapter.

However, if you’re like me, you like to keep your connections and cable runs as simple and clean as possible, in which case you don’t like using adapters or plugging cables into cables. So the most elegant alternative is to use a specialized Insert Jack/Direct Out cable for just this purpose. Assuming that you have some very basic soldering skills, this cable is very easy to make, which I will now describe.

Start with a regular mono patch cable with TS plugs on both ends. Remove one of the plugs from the end with some wire cutters or tin snips. Now, solder a stereo TRS plug onto that end of the cable, shorting the Tip and Ring together, and connecting the shield to the Sleeve as normal. This will effectively send the signal to the output of the Insert Jack, while simultaneously returning it to the mixer, which will pass the signal on through to the Main outputs.


Some audio snobs might scoff at such a technique, saying that an Insert Jack wasn’t designed to be used this way, and therefore it shouldn’t be. However, some audio purists argue that for recording purposes, this method might actually be superior to using a Direct Out, because the signal path should be the shortest, cleanest, and most uncolored. The reason is that the signal is being sent directly from the preamp to the recorder, without going anywhere else. It’s not passing through the EQ or even the fader, which could, in theory, color or degrade the signal.

Now, of course, like anything else, there are some pros and cons to using this technique. We’ve already covered the pros, so now for the cons. First, when using this technique, the only control that you have over the level of the signal being sent to the recorder is the Trim or Gain knob on your mixer. Because the Insert Jack is pre-fader, the fader becomes useless in terms of the signal being sent to the recorder. However, the fader will still control the level of the channel in the main mix. Second, when using this technique, you are bypassing the EQ, so if you like to use some EQ for preliminary shaping of the recorded track, you’re out of luck. But in most cases, I don’t use any EQ when tracking. I use the parametric EQ built into my DAW software for shaping the sound of my tracks after recording, so this isn’t really a concern for me. Finally, if you’re using the Insert Jack as a Direct Out, you can no longer use it as an Insert. So if you wanted to patch a Compressor into the channel to tame some peaks, you’d have to connect it another way (i.e.: Insert to Compressor to Recorder).

In conclusion, if you need to do some multitrack recording, but don’t have a mixer that’s equipped with Direct Outs (or enough of them), the Insert Jack makes a handy replacement. Or if you’re an audio purist who wants the cleanest and shortest possible signal path between your mic and recorder, the Insert Jack may be the way to go.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Jon Goad

A Review of Grants for College Students

Did you manage to not only survive, but finally graduate from high school? There is no doubt that once you graduate you feel happy and satisfied with your fine accomplishment. However, you have to take a big step forward and consider college. Maybe you have applied to some universities, but have you checked for available scholarships and grants? This is what you should evaluate and take into consideration when you are applying to a university. Of course, all you want at the moment is to get that absolute freedom and time on your own, but don’t forget that someone has to pay for that. Going to college is quite expensive and most people cannot afford to pay for it all. There is hope though, in the form of grants for college students. Even if your financial situation is not very good, there are more than a few solutions… just get your laptop.

Have you though about ways to find money for your or your child’s tuition? Robbing a bank or knocking over the local mall is not a good idea. Probably you haven’t thought about that before. Then you should start thinking and find a way to pay for college. You can get financial help without the burden of payback. Just try to find the best scholarships and grants for college students. You should not give up searching for free money even if you haven’t succeeded to get a scholarship after high school. Full time student employment is always an option but you should better check all the other possibilities first.

What I did before I headed off to a university was to carefully examine all the students‘ loans and grants for college students. I got online and checked the This site offers free applications which you can fill out in order to ask for financial aid. I found many different loans and grants available. I suppose you are aware of the fact that grants are money you should not pay back. This is such a fantastic solution to your financial difficulties.

Usually each state has some money for grants for potential college students, apart from that federal grants are also available. All you have to do is to fill out some applications and acquire financial aid. You shouldn’t neglect free money. This is the easiest way to make the university payments. Getting online is the first step to finding financial aid such as grants for college students. Search for all the free money you can get from the state or the university you are admitted to. This is the best you can do unless you want to spend all your free time having a full time job while you are in college.

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Makler Heidelberg

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Morgan Hamilton

The Importance of Stellar Marketing Skills

Whether you’re a freelancer or the head of your own company, you probably already at least somewhat understand the value of having excellent marketing skills when it comes to making the most of your ventures.

The fact of the matter is you can be the very best web designer in the world, own a restaurant that makes the absolute best pizza in town, or run a law firm with a spotless service record but none of these things will help your business to grow further if you’re not equipped with adequate marketing skills. Good business and marketing skills go hand in hand, so if you find yours aren’t up to snuff, it might be time to make use of one of your many options in regards to remedying the situation.

A good place to start would be with formal education, especially if you’re someone who is looking into a career to which marketing skills would be a great asset when it comes to finding work. Official credentials or degrees in marketing show potential employers that you take what you’re doing seriously and give them every reason to think that you’ll be just as dedicated when it comes to the work you do for them. Marketing skills also put you ahead of the competition, and in this day and age where job security isn’t what it used to be, that’s essential in order to succeed.

If you’re a freelancer, or are hoping to become one in the future, marketing skills are even more important in order to achieve success. You not only need to be able to offer a level of service that is a few cuts above the rest, but you’re dead in the water before you’ve even begun if you’re not properly well-versed as to how to market yourself.

As with those who are seeking employment under others, freelancers can utilize a marketing degree to set themselves ahead of the competition both in practice and by making reference to the credentials themselves if you happen to offer services such as web design, copywriting, advertising, or anything similar. Clients feel more secure when it comes to hiring freelancers who take this practical, smart approach to the services they offer as education always inspires confidence in others.

Businesses and corporations can also benefit by investing in specialized training for their staff in regards to marketing skills. This practice can save business owners quite a bit of money in outsourcing fees and failed campaigns that deliver less than stellar results while elevating the performance, value, and confidence of the employees who receive the training as well.

When it comes to marketing skills training, there are so many options these days that it’s easy and affordable to fit further education into even tight budgets. As marketing is a highly critical skill when it comes to doing good business, many business colleges, vocational schools, and educational facilities of all types offer courses in marketing with flexible scheduling options. Remote learning options are also available for those who would prefer to learn at their own pace or who find it necessary to juggle schooling with an already hectic schedule.

Whatever your reasons for wanting to improve upon your marketing skills, and whatever your situation, you’ll soon be glad that you made this investment in your education, your career, and your future. Good business simply can’t exist without good marketing, and by taking the time to acquire marketing skills that meet current industry standards you ensure yourself a place in the fast-paced business world of the future.

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Makler Heidelberg

Immobilienmakler Heidelberg

Makler Heidelberg

Source by James Copper

What is Retirement Annuity

Life insurance, social security and even the more classic individual retirement account (IRA) will help you through your retirement age. Counselors from these departments are better equipped with procedures on assisting clients with questions regarding the odds related to your life’s most challenging part.

In addition, the individual retirement annuity may work well with you if you intend to use your savings for yourself while living with a partner. In either case, the amount you will get from the accrued earnings and contributions you get from this type of social retirement contribution provides you, your partner and your relatives in turn for a more secure future through continued financial stability through receiving fixed payments, yet economically sufficient.

The following section discusses retirement annuity and its benefits. This tool provides a valuable alternative for retirees who are planning on a more financially stable, secured and happy future and eliminate all the possibilities that tend to arise when caught empty-handed during old age.

What is Retirement Annuity?

Retirement Annuity works more like other insurance policies and individual retirement account (IRA). As you know, an individual retirement account (IRA) works like a life insurance where your beneficiaries will be provided a considerable amount of money in the event of contributor’s death.

However, in retirement annuity, your annual contributions (annuity) are meant to give you more financial protection throughout your retirement period. It secures you more of financial loss in cases of bankruptcy and financial loss through lifestyle or business venture.

How Does it Work?

In this scenario, you can pay a sum of money as your annual contribution (distribution phase) and reap them later during the accumulation phase. Your contribution is based on your ability to subsidize payment for a specific plan you have subscribed to upon enrollment and how long you have contributed for the said plan.

Types of Retirement Annuity

There are many types of retirement annuity plans to choose from and each tailor to each client’s ability to pay and their preference of payment during distribution upon reaching retirement age. They are immediate annuity, deferred annuity, variable annuity, and fixed annuity.

The above retirement annuity types suit individuals depending on their preference, ability to pay and their need for such benefits. Whatever retirement annuity plans you have enrolled to, it a good way to hold tax charges while keeping your savings for retirement intact.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Alan Lim

The Ripple Effects of After-Death-Communication with Your Loved Ones

We all have lost someone near and dear to our heart at some point in our life, whether to natural causes, illnesses, or tragedy.  No matter the cause of death, it hurts each of us so deeply and affects us in different ways.  I have spent the last twenty-three years working through and dealing with my sister’s death, and have been ever so blessed to receive her help from the other side.

As you face and move through the grieving process, have faith and trust that your loved one on the other side is okay.  Understand that our loved ones want to be remembered and to remain close to us forever.  They want to sprinkle a bit of heaven upon us, as they know and understand the challenges of everyday life here on earth.  I have had a relationship with my deceased sister for the last twenty-three years.  I can honestly say, as odd as this may sound, that I could not live (here) without her (over there).  The powerful ways in which she comforts me, inspires me, supports me, and guides me is remarkable.  Be open to the possibility of receiving miraculous blessings from those you love on the other side.  When you do, you will experience the ripple effects of your connection with your deceased loved one for the rest of your life!

Consider these ripple effects:

· From my sister’s and my heavenly connection, I have more faith.

· With more faith, I believe in myself at a deeper level.

· With profound belief, my self-confidence expands.

· With increased confidence, it’s easier to take risks and leaps of faith.

· Through taking risks and leaps of faith, I experience more, achieve more, and receive more glorious gifts and blessings.

· Achieving and receiving lifts my spirit and makes me more positive.

· Being more positive makes me desire more good, period.

· Desiring more good is a driving force to keep the faith and continue my two-way communication.

· Continuing this communication makes me feel alive, connected, and supported — the place where all peace resides.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Deborah Heneghan

How To Earn A Tax-Free Income From Forex Trading AND Claim All Your Expenses From The UK Tax Authorities

WARNING: This article might be boring!

This article is aimed at UK Foreign Exchange traders who want to 1) know how to minimize their tax liabilities from forex trading, and/or 2) to know how to claim back from the UK tax authorities all the expenses incurred in their trading activities – legally.

Before I go on, I must stress that this is general UK tax information and must not be construed as professional tax advice. You should consult your personal accountant or tax consultant who can advise you personally having taking into account all your own particular circumstances. This information is given in good faith and is relevant under existing UK tax legislation.

As many UK traders know, UK income tax is normally payable on trading profits made from the foreign exchange market after relevant deduction of trading losses and expenses and any applicable personal allowances. Expenses allowable must be wholly and exclusively incurred as part of your trading activities and will include things like allowances for your trading screens and computers, IT maintenance, legal costs, telephone and broadband connection costs, FT, The Economist and other relevant subscriptions and periodicals, etc.

However, currently under UK tax law any trading gains made from the foreign exchange markets through UK spread-betting activities are tax-free. What is more, this income does not even have to be declared to the tax authorities, just like your winnings from betting on the horses at your local Bookmaker. The unfortunate thing about spread-betting is that forex trading losses (and it’s a fact that the vast majority of spread-betters are losers!) are not deductible from tax. The double-whammy of spread-betting is that expenses incurred as a result of spread-bet trading activities are not usually deductible either.

So how does one take advantage of these current rules?

The simple answer is to trade using both direct forex trading and spread-bet trading! The cheeky but legal solution is to ensure that all personal tax allowances and associated expenses of forex trading are covered by net profits made using direct forex market trading activities so that the net tax liability is very low, or even zero. Your accountant will probably advise that not 100% of expenses would be allowable since not all expenses have been incurred as part of direct forex trading activities, so bear this in mind. Hopefully most of your mega forex gains made with the Lindencourt FX System will be made through your spread-betting account and will therefore be completely tax-free.

So you can have your cake and eat it!

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Andrew Lindencourt