An overdrawn loan account occurs when a director, employee, or individual withdraws more money from a company than they have deposited. In some cases, this results in a benefit in kind (BIK), which has tax implications. This topic explains what an overdrawn loan account is, how it qualifies as a benefit in kind, its tax … Read more
In September 2024, homeowners observed notable shifts in mortgage refinance rates, influencing decisions on refinancing existing home loans. Understanding these rate changes is crucial for homeowners aiming to optimize their mortgage terms and reduce monthly payments. Overview of September 2024 Mortgage Refinance Rates Throughout September 2024, mortgage refinance rates experienced fluctuations: Early September: The average … Read more
Jeff Bezos, the founder of Amazon, has consistently ranked among the world’s wealthiest individuals. As of February 2025, his net worth is estimated at $241.9 billion, making him the third richest person globally. Converting this substantial wealth into Indian Rupees (INR) provides a clearer perspective for those more familiar with the Indian currency. Understanding Currency … Read more
QuickBooks Auto Payroll is a convenient feature designed to help businesses automate their payroll process, ensuring timely payments to employees. However, some companies may find themselves ineligible for Auto Payroll, preventing them from enjoying its benefits. If your business has received a notification that it is ineligible for Auto Payroll, there are specific reasons behind … Read more
When borrowing money, debt can generally be categorized as secured or unsecured. A mortgage is a common form of debt used to purchase a home, but many people wonder whether it is secured or unsecured. The simple answer is that a mortgage is a secured debt. This means that the loan is backed by collateral—in … Read more
Kathryn Bernardo, a prominent Filipino actress and singer, has established herself as a leading figure in the entertainment industry. As of 2023, her net worth is estimated to be around $14 million. This substantial wealth is a testament to her successful career in film, television, music, and various business ventures. Early Life and Career Beginnings … Read more
Online loans with monthly payments have become a popular financial solution for Filipinos looking for quick and convenient funding. Whether you need money for emergencies, business expansion, or personal expenses, these loans offer flexible repayment terms and easy application processes. This guide explores everything you need to know about online loans with monthly payments in … Read more
The Mercer Australasian Property Index Fund is a popular investment option for those looking to gain exposure to the property market in Australia and New Zealand. This fund provides diversified access to real estate investments without the need for direct property ownership. In this topic, we will explore how the Mercer Australasian Property Index Fund … Read more
For traders and investors using Questrade, withdrawing funds efficiently is an essential part of managing their finances. Understanding the withdrawal process, timelines, and possible delays can help ensure smooth transactions. This topic provides a detailed guide on how long it takes to withdraw funds from Questrade, the available withdrawal methods, and how to avoid unnecessary … Read more
Gold has long been a favored investment in India, with Mumbai being one of the key trading hubs. Investors, jewelers, and consumers closely monitor gold prices to make informed buying and selling decisions. Here’s an updated overview of the 24-carat gold rate in Mumbai for March 2025. 24 Carat Gold Price in Mumbai As of … Read more