Category: Accounting

Some Quick Tips That You Can Implement When You Are On The Hunt For Accounting Internships

Many people can become very frustrated with themselves when they feel like they are putting in the hard work only to find that they are not getting to a place where they want to be. One example of this is when people are applying for an unpaid job after they have completed their studies and everywhere they apply seems to turn them down or they simply do not hear from them at all. Whatever the case may be when people are feeling this way it can become very easy for them to start to feel deflated and perhaps like something is wrong with them.

But people need to understand that there is nothing wrong with them and that they just need to implement a different strategy along the way. And thankfully, there are lots of great strategies out there that people are able to implement. As an applicant will want to give themselves the best competitive edge that they possibly can, here are some quick tips that you can implement when you are on the hunt for the best accounting internships.


One instance of a quick tip that you can implement when you are on the hunt for accounting internships is to set up email reminders  

One instance of a quick tip that you can implement when you are on the hunt for accounting internships is to set up email reminders. And this can be a good idea because when people are simply trying to login to their favourite job search websites each day, they may find that they miss something or that they do not come across something until it is too late. The good news is that when people sign up to get reminders from all of these different websites, new positions and roles can be emailed straight to them and they don’t have to worry about missing out.

Furthermore, they are going to get these new opportunities sent to them right away which means that they can also apply right away and are able to get in before their competitors. Be this as it may, it can increase the chances of getting a great role instead of spending weeks or perhaps months trying to find the perfect option. And this also means that people will be one step closer to obtaining a paid position for themselves too.


Another instance of a quick tip that you can implement when you are on the hunt for accounting internships is to have a draft cover letter and resume ready to go

resume draft

Another instance of a quick tip that you can implement when you are on the hunt for accounting internships is to have a draft cover letter and resume ready to go. This is because people will never be caught off guard and it also means that people are able to apply quickly. It is important to note, however, that people should slightly change what they are submitting to the company so that it is unique to them.

For example, they may want to look up their team motto and include this somewhere in their cover letter. Many companies out there will get sent thousands of resumes each month and so it is important to make sure that they are not just generic. At the end of the day, implement small techniques such as the ones described in this post can be a wise move when it comes to finding the perfect position and when it comes to standing out from other resumes that are submitted.

Key Benefits Of Using SMSF Administration

More and more people are starting to see why they should become more involved and take direct control of their super fund. SMSF administration is becoming a more popular choice for people who want to have a lot of tight control when it comes to retirement planning to maximise the benefit they get.


1.     Investment options

A popular benefit of using SMSF administration is that it gives a greater amount of control in terms of investment. It provides a range of many more investment choices that make it all much more worthwhile if you want to micromanage the investments made. There is a much wider investment when compared to the retail and industry super funds, and it gives access to derivatives that provide protection on downsides and reduces the risk of portfolio hedging.

This one of the big attractions of using SMSF administration is you are an owner of a small to medium-sized business. This is because the assets of the business can be listed under the self-managed super fund and then easily leased in return to the business they came from. This allows for an extra, and steady, line of capital that helps businesses grow and give much more secure tenancy.


2.     Borrowing for property investments

loan for residential purpose

SMSF administration is great because of the rules that enable borrowing. This means that people using this can buy larger assets, such as a larger commercial property, that would normally be something that was outside of their buying power. One of the common ways these manifests is in the form of recourse loans that enables the purchasing of investment property that is double the value of the accumulated self-managed super fund balance. The cost that is related to stamp duty and legal is excluded.

Some rules need to be noted with regard to this aspect of SMSF administration. One of them is that the residential investment properties that are acquired via a self-managed super fund cannot be lived in by you or your family, and this includes trustees, and anyone related to them.

It should also be noted that this is not a good idea for a property that you think can be improved with renovation, since money borrowed via SMSF administration cannot be spent on improving the property, only on the maintenance of its current state. This also means you are unable to buy land to build on or plan to knock down a building and erect a new one.


3.     Minimisation of tax

Of course, one of the most attractive parts of SMSF administration is that it helps minimize taxes that you pay. This normally takes the form of tax eliminated from the pension taken during retirement. A self-managed super fund gives much more control over contributions, such as their timing and the use of any reserves.

By going this route, those taking advantage of SMSF administration can effectively minimize the total tax they pay within their fund. This is done by being strategic with the use of contributions. Unlike a pooled fund, a self-managed super fund gives you direct control so that things can be adjusted to account for your personal circumstances.

Those are just a few of the benefits that come with using a self-managed super fund. If you want to get these advantages but don’t have much financial experience or expertise, you can hire providers of SMSF administration who can help tailor the strategy that will be most beneficial for you and give you the greatest return when it comes time to retire.

Hopefully, you know more about the benefits of using SMSF administration.