Nonconcessional contributions are extra payments you make into your superannuation fund that exceed the concessional contributions cap. They are taxed in a different way to concessional, so you cannot claim a tax deduction for them. However, you can choose to pay tax on your nonconcessional contributions at a rate of 15% (plus the Medicare levy), … Read more
Hedge funds are investment vehicles that pool capital from various investors and actively manage that capital to generate high returns. Unlike mutual funds that are structured with diversified portfolios with low risk, hedge funds employ sophisticated investment strategies and use hedging techniques to reduce overall risk. They invest in a wide range of asset classes, … Read more
MyCareer mode in NBA 2K20 may be restricted due to several reasons. Firstly, it could be related to your account settings. Make sure that you have an active Xbox Live Gold or PlayStation Plus subscription, as these are necessary for online play. Secondly, your internet connection might be unstable or slow, causing connection issues with … Read more
Mayors use various financing techniques to fund city projects and operations. They may issue debt in the form of bonds, which are loans repaid over time with interest. Alternatively, they can secure grants from federal or state governments or non-profit organizations. Mayors can also generate revenue through taxes, fees, and special assessments charged to residents … Read more
Mandate” An unfunded mandate is a law or regulation that requires states or local governments to implement certain programs or services without providing the necessary financial resources to do so. This can put a significant strain on state and local budgets, as they may have to raise taxes or cut other services in order to … Read more
Sales tax is a tax levied on the sale of goods and services. The rules for which sales are taxable vary from state to state. Generally, sales of tangible personal property are subject to sales tax. This includes items such as clothing, appliances, furniture, and cars. Some states also tax the sale of certain services, … Read more
Lemonade is an up-and-coming insurance company that’s making waves in the industry. It’s known for its innovative AI-powered platform that streamlines the insurance process, making it easier and more convenient for customers. Lemonade has a strong track record of paying out claims quickly and fairly, and it’s committed to providing excellent customer service. While it’s … Read more
Diversification involves spreading your investments across different types of assets, such as stocks, bonds, real estate, and commodities. It’s important because it can reduce your overall risk and increase your potential returns. When you diversify, you’re not putting all your eggs in one basket, which means that if one investment performs poorly, it won’t drag … Read more
Due to the Payroll Tax Holiday, you may notice a slight change in the amount of taxes withheld from your paycheck starting September 1st and ending December 31st. This means that you may have a bit more money in your pocket each time you get paid. However, it’s important to remember that this is a … Read more
Indusind Bank, a private sector bank in India, has shown remarkable financial performance in recent years. The bank’s net profit has grown consistently, and its asset quality remains strong with low levels of non-performing assets. Additionally, Indusind Bank has a diversified loan portfolio across various sectors, reducing its exposure to specific industries. However, the bank … Read more