It’s Never Too late to Lodge the Tax Return – Accounts NextGen

How Can One Lodge for Tax Return?

It’s never been late for the tax return. Some people are busy at work and may find the process of the tax return too complicated. But if you haven’t lodged for the tax return for years, then you need to pay the tax return overdue and get up to date with the tax office.

By contacting the tax return office, you can go through the outstanding tax return and file your tax.

Are There Any Penalties for Late Tax Returns?

The ATO may charge the penalties on the failure of the lodge tax return. However, the penalty on the late tax return will be calculated for each 28 days delay. They may be charged on overdue tax returns with five penalty unit maximums.

Also, the business entities having maximum tax overdue may have the penalty of five-unit and even more. This may be up to $210 for the delay of 28 days and may increase if the delay is more.

The small business entities and medium business entities with a turnover of $1 million and less than $20 million have to pay the fine multiplied by the five-penalty unit. The penalty would be;

28 days delay= $210
56 days delays= $360
84 days delays= $540
112 days delays= $720
113 days delays= $900
And even more, if delays extend than 113 days

The ATO, in case of delay in tax payment, may issue the warning letter. In the letter, the detail of the income and overdue tax return has been included. This penalty may include;

You have a poor lodgement record.
More than a tax return
You may not have complied with the lodge tax return.

However, no matter how late you got to lodge the tax return, you can still pay the tax by filing the tax with a penalty.

But sooner you will pay the tax, you will be free from the penalty. In case if you don’t have a receipt of income and don’t have a record of the documents, you still can file the tax return.

The ATO collects all the relevant pay records from the banks. This will help you in filing the tax quickly. By matching the record with your tax file number, you will be able to file the tax and comfortable lodge without paying extra debts in the form of penalties.

What Is The Best Possible Way To Get A Personal Loan In Bangalore?

Bangalore is the capital city of Karnataka which is also considered the IT hub centre of India. Because of its rapid pace of development, the cost of living is significantly high. As a result, arranging funds for basic needs has turned out to be a forbidding task.

Why should anyone opt for a personal loan?

When you are in dire need of cash, a personal loan can be your saviour. Most of the personal loans are unsecured, which does not require you to pledge your assets like property, home, gold, etc.

The best possible way to get a personal loan in Bangalore is by applying with NBFCs (Non-Banking Financial Companies) as they quickly approve and instantly disburse your loan amount into your account in a few hours. Moving ahead, let us discuss the features and benefits of availing a personal loan in Bangalore.

Instant to approve – You can now apply for a personal loan in Bangalore, right from the comfort of your home. Because the application process is paperless and completely carried out online. If you can qualify for the eligibility criterion set by your lender and complete all the other formalities, your loan application will be approved instantly. Based on the lender you have chosen the loan amount will be disbursed within a few hours to a few days into your account.
Minimal paperwork – Just by submitting only a few mandatory documents concerning your identity, residence, and income as proofs, you will be approved with a personal loan in Bangalore. The loan application process is fully digital and there are no additional documents taken from you.
Flexible to repay – Because of the increase in demand for personal loans in Bangalore, many lenders are offering loans under relaxed guidelines. You have the advantage of choosing a tenure which suits your needs. So, you can pay the loan amount as per your convenience and with extreme financial ease.
Transparency – It is advisable to choose a lender who offers loans with no hidden charges and under complete transparency. So you can avail the loan after knowing all the terms and conditions beforehand.
Eligibility for a personal loan

The eligibility criterion slightly differs from one lender to another. To qualify for a personal loan in Bangalore, the most common eligibility criteria followed:

You must be more than 21 years of age
Must be of Indian nationality and
Should earn a good source of income
Documents that are to be submitted for a personal loan

The basic documents requested by your lender while approving your loan is:

Identity proof – Aadhar/Driving license/Passport etc.,
PAN card
Address proof – Driving license/Utility bills/Aadhar etc.
Last 3 months payslips
Photo or a selfie
Conclusion

Because of Bangalore’s lifestyle and cost of living, many individuals may face financial troubles. To balance yourself financially, it is always advisable to opt for a personal loan in Bangalore. Check out for one of the best lenders like FlexSalary. They provide loans throughout India, and you can get instant access to money if you have a cash crunch.

Top 5 DeFi Tokens & Trends to Look Out in 2020

Even before, peoples who are top in this industry have decided that DeFi is going to rule the entire financial networks. It would be the next technology that might bring an upgraded version of the FinTech network. By the expert’s advice, most of the DeFi related projects have brought more success along with the DeFi Tokens. In this article, we will be going to discuss the top & trending DeFi tokens of 2020, and how it performs better than other digital assets like bitcoin, etc.

What is the DeFi Token?

Decentralized Finance (DeFi) – It is upgraded financial networks that have created a huge impact and transformation across the entires FinTech network into decentralized & transparent. With the help of blockchain technologies like Decentralized Applications (DApps), smart contracts, and tokens, this can be achieved. DeFi tokens are the ethereum tokens and also it may be a digital asset, crypto, or whatever. DeFi tokens act as a medium for traders, it takes a vital role and also experiences the financial services in newly create DeFi apps.

Trends of DeFi Tokens in 2020:

Many DeFi related projects, products, and services are already in the queue. But the sectors gained a lot of attention towards the DeFi protocol are “Borrowing and Lending Platforms”. Defi is like smart money legos integrated along with the smart contracts. Moreover, incorporating the components of DeFi such as Smart Contracts, DApps, and Tokens, we will provide you the best and reliable new DeFi applications each time. And also the DeFi network is added to the new kind of platform with its tokens. So, here we are going to talk about the top trends of tokens in 2020 as per the data trackers.

1. Synthetix – SNX Token:

It is the derivative protocol which is created by its token called SNX. Currently, Binance has listed this token for trading. Th users have to stake a minimum of 750% of mint derivatives in the value of SNX.

� Website: Synthetix.io

� Market Value: 7,277,440

� Total Supply: 190,075,446 SNX

2. Kyber Network – KNC Token:

The native token of Kyber.Network is KNC. Its a decentralized exchange platform, KNC will be incinerated by the collected fees from the exchange.

� Website: kyber.network

� Market Value: 7,511,105

� Total Supply: 210,623,056 KNC

3. Aave – LEND Token:

Aave is also another leading protocol which is created by its own DeFi token called LEND. Whereas the LEND token will receive the value from the borrowing and flash loan fees.

� Website: aave.com

� Market Value: 4,493,926

� Total Supply: 1,299,999,942 LEND

4. UMA – UMA Token

UMA is also another derivative protocol which is created by its own native token called UMA. This kind of protocol is used to create permissionless synthetic assets.

� Website: umaproject.org

� Market Value: 2,547,696

� Total Supply: 100,224,817 UMA

5. 0x Protocol – ZRX:

0X Protocol – ZRX is a liquidity protocol that is used to provide the best liquidity services for various decentralized (DEX) exchanges.

� Website: 0x.org

� Market Value: 2,789,023

� Total Supply: 1,000,000,000 ZRX

Summing Up:

DeFi tokens are making a new way for the financial networks that could bring decentralization by being away from centralized networks. This tokens may help the decentralized finance system to grow more with the optimistic DeFi blockchain projects. Are you planning to build decentralized applications for your financial services? Reach out to the topmost DeFi development company offers complete decentralized finance (DeFi) services & solutions which empower your business with more transparency, security, & trust.

Global Consulting – The Latest 4 Fast Ways to Promote Your Global Consulting Services

Global consulting refers to the service being offered to organizations to help them expand their business offshore. The aim is to boost the sales and revenue of these organizations by tapping new, lucrative markets. If you offer such service and if you want to increase your sign up rate exponentially, here’s what you need to do:

1. Go online. Obviously, you will need to advertise online based on the service that you are selling. Start by creating your own website. Choose a domain name that is catchy and very descriptive. Hire a professional web designer who can give your site the professional look. Then, load it up with valuable information that your prospects might be interested to know about. Give them a brief background about your offering and the benefits that your consulting service can offer them. It’s very important that your website speak volumes about your expertise and relevant experience in this field to easily win the business of your prospects.

2. Go with video marketing. Create a compelling video that talks about the benefits of global consulting in growing one’s business and post it on video sites like YouTube. Make sure that your video is informative and content-rich. People who see it must feel that you are truly experienced and that you know what you are doing. This is like giving them a guarantee that you can give them great value for their money should they decide to sign up.

3. Telemarketing. This is another effective way to easily get in touch with your prospects. Start by obtaining their phone numbers and the name of the decision-makers. Then, call them up to offer your global consulting services. To make this task easier for you, I recommend that you create a compelling sales script before you dial any number. It would also help if you have a list of all the benefits that your services can offer. You will need to highlight these throughout the call to make your services look more valuable to the eyes of your potential clients.

4. Offer free consulting sessions. This is another great way to market your services. You can conduct consulting sessions that your prospects can take advantage of for free. Your goal here is to make these people see how important is your service in growing their business and in improving their revenue so they’ll be enticed to sign up in no time.

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