“Nothing is certain but death and taxes” – a quote, from Benjamin Franklin, that we will all have heard at one time. Neither is something we look forward to, but while we can’t do anything much about the former, there is plenty we can do about the latter.

Tax planning can be broadly defined as minimising one’s exposure to tax through ordering one’s financial affairs in such a way that only the right amount of tax due under the law, and no more than that, is paid. Tax planning is completely legal and is actually welcomed by the UK tax authority, HM Revenue & Customs (HMRC)

However, while HMRC wants everyone to pay the right amount of tax it hasn’t got the time or the resources to be able to provide all taxpayers with a comprehensive service to explore each individual’s financial / personal and business circumstances. So, unless your tax affairs are very simple – eg, an employee coming under the PAYE system – there is a very strong chance that you may not be paying exactly the right amount of tax to HMRC. That is not the fault of HMRC or indeed the result of anything you might have done, or not done. There are an awful lot of tax rules out there and the knowledge of what you are entitled to claim in the way of expenses, or what you can legally do to minimise tax, is not common knowledge amongst small business owners.

A quick look around the Internet can thoroughly confuse you about tax as this term is used to cover all sorts of charges and levies that are imposed by local councils as well as HMRC – eg, council tax and business rates.

The main areas of taxation that anyone studying tax planning needs to think about are those run by HMRC – income tax, capital gains tax, National Insurance contributions, VAT and corporation tax, and finally, when we get back to the subject of death, inheritance tax. That seems a reasonably small number to deal with, right? But beware, as within each one of these taxes there are vast numbers of complications, allowances, exemptions, concessions, thresholds, practices, etc. that you probably don’t know about. Do you know for example, if you are running a small business, whether you would be better off forming a company than working as a sole trader or partner?

If HMRC doesn’t have the resources, and the Internet information baffles you, where can you go in order to get good quality tax planning advice? The two areas of expertise to help you are accountants (indeed you may already have one) or if you want a more comprehensive review of all of your financial / taxation circumstances an Independent Financial Advisor, who is likely to be better informed about a whole range of taxation issues. Such a company will probably offer you a free consultation to assess your needs, and will provide a tailor-made service if required.

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Consumer inflation in Germany has fallen to levels last seen in April 2013, and reaction from the forex markets has been mixed. The federal statistics office confirmed what many analysts had previously indicated in their forecasts: German consumers got a slight break at the cash register during October.

Reaction by the forex markets to the economic update from Germany was mostly mixed. As reported on iForex.in, the euro essentially disregarded the inflation news and advanced against the U.S. dollar and the British pound. The harmonized October reports from Germany show that inflation stood at 1.2 percent versus 1.4 percent in the previous month.

Reasons for Concern

Economists and European Union finance ministers are concerned that the latest figures from Germany point to a larger deflationary trend. Inflation in the Eurozone has been slowing gradually to the lowest levels in four years, which recently motivated the European Central Bank (ECB) to adjust the key interest rate downward to 0.25 percent.

In light of the global financial crisis and the European debt crisis, the ECB is keeping a close eye on inflation. The goal is to keep inflation a little under 2 percent for the purpose of stimulating the economy, but the 1.2 percent reports from Germany hint at the possibility of deflation.

News From the United Kingdom

Germany is not the only European nation to experience lower inflation rates. In the UK, the year-over-year inflation report for October came in at 2.2 percent. Analysts expected an increase to 2.5 percent, particularly after seeing inflation jump to 2.7 percent in October. This slowdown was not seen in the housing sector as home values in the UK are now at historically high levels. As a result, the British pound has been sluggish in the forex markets.

Positive News from the United States

The battered American economy saw signs of improvement thanks to a positive report from the Financial Conditions Index, which is an amalgam of the money lending rates and the yields on U.S. sovereign debt. This index climbed 0.4 percent to stand at 1,825. This macroeconomic indicator put the U.S. dollar on an uptick trend.

Gold Reacts to U.S. News

Now that the Federal Reserve Bank of the U.S. is hinting at a possible reduction of its stimulus program before 2013 comes to an end, gold prices reacted downward. As more positive economic news come out of the U.S., gold traders seem to be pulling back on their market positions, which are placing December futures as low as $1,280.40 an ounce.

Source: iFOREX

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Of late, the option of binary options trading has become quite popular. In this type of trading, the payoff amount is some kind of fixed amount of asset or nothing at all. In the recent times, the binary options trading has been divided into two major types – Cash or nothing binary options trading and Asset or nothing binary options trading. In case of cash or nothing binary options trading, a fixed amount of cash is paid when the option expires while in case of asset or nothing option, the underlying value of the asset is paid off.

Benefits of binary options trading

There are various benefits associated with binary options trading. In order to understand the trading option in a better way, you will have to know about the benefits in details. Let’s take a look:

Accessibility: People prefer trading through binary options because in this option, the investor will be buying the contract and not the asset itself. This will help open up the profit option through binary trading to a greater number of people who would otherwise be restricted due to high prices of other stocks. For example, if you have $1000 and you find that a share costs your $50, then you will be able to buy 20 such shares. Later on, if the share prices increase to $55, you will be able to make a 10% profit on them (20X5 = $100). However, if you invest your money in binary options trading, you will get a profit margin of as much as 71%.

Know the risks: If you go for binary options trading, then it will ensure that as an investor you know how much loss you may have to incur. Most of the companies providing binary options trading will never ask for more money in case the option expires out of money. This helps the investor to plan better for the next investment.

Simple deals: In most cases of binary options trading, the payout is dependent on direction of the asset price change and not on the difference in price. As a result, the investors do not need to have a detailed knowledge about the product. Thus, this option is easier for a new investor as well.

Profitable option: Apart from accessibility of binary options, you should remember that as the profit is not related to the difference in price but to the change in direction, making profit becomes easier.

Trade from home: In case of binary options trading, you will get a platform which will help you in trading for international binary options directly from your home. You can do so whenever the markets are open. Thus, the traders and investors can trade from the comfort of their home.

Now that you know about the major benefits of binary options trading, it will be easier for you to decide whether you should go for this option or look out for stock trading. Once you know about the option that suits your purpose well, you will be able to invest money confidently.

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We all are using Bank accounts to do proper financial management. Now people hardly keep liquid cash with them, instead of that people are using Debit & Credit cards. Government bank are in the place of trust but private banks are also giving a good competition by providing great services.

Previously people only rely on government banks due to the security factors but now the time has changed people are started relying on private banks for their advanced services. And as both the banks has to fulfill all the standardize rules & guidelines fixed by the central banking authority. Competition is very tuff in both the banks so customers/account holders are getting benefited with this.

As we know that world economy is not in a good position so we all are thinking about our financial future. Now most of the people are appointing financial adviser or taking help from different reputed wealth management companies to place their liquid assets/money for the maximum growth. So, banks are working sometimes as an adviser.

As both the government & private banks are bound to follow the service rules fixed by the central banking system of the respective country but since they are customizing their services to grab the customer’s attention. Few banks are providing different fixed deposit schemes & few banks are concentrating to improvise the recurring deposit schemes to target all type of customers. I know this topic is debatable but since as per my personal experience i can say that both Government & private banks do have some standardize individual identity of providing services to their customers. I do have my personal saving accounts in both the private & government banks & i am very happy with their services or vice verse.

But now coming to the customers side, for making the financial security for the future people are still rely on fixed deposit, recurring deposit, insurance & pensions but I can say the financial sector is changing very fast which we can see in the banking sector, previously they were only the security of our finances but now they are performing as a adviser & also assisting the customer with all their queries. In the other side people are started investing in shares, investment bonds, debenture etc. Longed & parenting by the leading companies of the world.

Positive & negative aspects the sides of a coin which will remain the same but the service will help us to decide the right side & go forward to make our self financially secured.

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Our actions are normally governed by emotions. We’d like to think we are in control of our sensitivities but no matter how much we try, our feelings and thoughts get away from us and it is difficult to keep them in check. How often do we find ourselves in a simple political discussion and suddenly discover that anger has slowly crept into our tone of voice? How did it get there anyway? We were perfectly calm to start with.

Fear is another emotion that governs our behavior. When was the last time you held back from telling someone your true feelings for fear of being rejected?

In fact fear plays an overwhelmingly important role in our lives. Fear of dying. Fear of commitment. Fear of losing. Those that can overcome their fears usually move forward in life more rapidly than those who remain stuck in their possessive apprehensions.

Even in the area of investing, fear is a central ingredient. How much should we invest? Should we pull out early or risk losing whatever profits we have already made? In fact, should we be investing at all?

Although we each have a different level of risk tolerance, fear is often an underlying reason for investor mistakes. When we see our money slowly slipping away, panic sets in and we make the wrong move.

So in order to be an astute investor and anticipate some profits from our endeavors, we must learn to pull back from our fears and use our knowledge instead.

Forex trading

When it comes to Forex trading, we follow the same guidelines. Let’s face it. You wouldn’t start building a house without learning first how to use a hammer and nails. Why would you even consider Forex trading without knowing what Forex is all about?

Before placing even the first trade, you must come to the table with at least a minimum of understanding and information about the world of Forex. There are many online tutorials that will guide you through the basics of Forex and give you the background you will need in order to go forward. FXAcademy, for example, has just released a free online Forex course complete with animated videos, quizzes and links to relevant articles to keep you well informed.

With some knowledge under your belt, you can then open a Forexdemo account with an onlineForexbroker. This will enable you to trade with virtual money and gain the experience you need before trading for real.

Once you have gained the confidence you need to trade Forex, you can move on to a real trading account. Don’t forget to start small, see more on FXCM, and always move cautiously. Keep in mind that you will probably lose most of your money at the start. Now that you have learned to control your emotions, you won’t panic. Instead, you will lean on the information you have gleaned from your tutorials, ask advice from experienced traders and hopefully make the right moves.

Let’s face it. Forex trading, or any trading for that matter, is a gamble. No matter how much you think you can logically work out the best steps to take, the nature of investing is such that you will never be able to out-think and out-do the system. Stay in control of your emotions and be prepared for the inevitable. Sit back and try to have some fun. Winning or losing is not what is important; it’s how you play the game.

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