The Four Cardinal Principles of Taxation
Taxation is a symbiotic relationship between the state and its citizens. In return for a monetary contribution, a taxpayer enjoys a host of general benefits and protection. This is the most basic principle of taxation. The burden of taxation shifts…
Tax is a Compulsory Payment
A tax is a compulsory payment made by citizens to the government. These funds are used for the common benefit of the people in a country. Unlike other types of payments, however, taxes have no direct quid pro quo. You…
Steps to Creating a Marketing Strategy
A marketing strategy is vital for a successful business. A good strategy is based on deep customer knowledge, clear value proposition, and recognizable branding and messaging. Often, businesses take a simplistic approach to marketing and assume that they can create…
Types of Finance
One of the major elements in the strength of a business is adequate working capital. In order to achieve this goal, many companies apply for external financing, or debt, from other businesses. This form of financing offers loans that can…
The Basics of Business Plan Preparation
The most important part of business plan preparation is the writing of the business plan. While consultants can provide a wealth of information, it is important to be the sole writer of the document. While they will be able to…
