Domestic and International Tax Consultants: The Difference

If you have financial dealings that involve other countries or currencies, such as foreign property, assets, or investments, odds are you are not handling all of your finances on your own. You have probably recognized that such complex financial dealings require the guidance of an accountant, especially come tax season, to ensure that you are falling within the tax laws of your own country and those within which you have investments. You may be wondering if a standard accountant is sufficient to help you, or if you should seek the services of a specialized international tax consultant. You may also be wondering if there is a significant difference in the services provided by each.You can be assured that there are some differences in expertise and qualifications. Here are the benefits of hiring an international tax consultant.EducationQuite often, an international tax consultant will have some type of education that qualifies them to specialize in international taxes over and above standard accounting qualifications. They may have majored in international business or accounting while completing their bachelor’s degree, or they may have completed a post-degree certification in international tax consulting. This provides them with a better knowledge of the intricacies of international taxes.Of course, education is more than classrooms and certifications. A qualified international tax consultant keeps him or herself educated and up to date on changes in international tax law and best practices. Though a domestic accountant may stay somewhat up to date on those matters, they likely approach it with less dedication.ExperienceIt’s not just formal education that differentiates an international tax consultant from a standard accountant; it’s also experience. Unless you’re hiring a rookie accountant, your international tax consultant will have been in the business for some time, and he or she will be familiar with the ins and outs of international tax law. Odds are he or she will have already encountered any complex or challenging situation you may find yourself in, and he or she will be able to handle it with more certainty and finesse than a standard accountant who has less experience in international tax.FlexibilityOne of the best parts about hiring international tax consultants is that they are still accountants. They still have the same base level of training and experience as any other accountant; they just happen to also have an extra layer of expertise on top of that. That means they are also qualified to handle your domestic accounting, taxes, and financial matters. In other words, they should be able to handle your entire portfolio. This saves you from having to turn to multiple accountants or financial consultants, which only increases the risk of error and creates a hassle for you. An international tax consultant can handle your finances in a comprehensive, thorough manner.Though a standard, domestic accountant has a great deal of value and can provide great services, when it comes to international taxes, investments, and assets, your best bet is always to seek out the specialized services of an international tax consultant.

Factors that Affect the Used Car Loan Interest Rates

But in spite of having so many options, you will not be able to choose one and that is because of the interest rates. If you want to buy a car, then you can go for used cars when you are planning a car in low budget. But sometimes, you will have to apply for the used car loans as well. So, while choosing the used car financer, you should consider the Used Car Loan Interest rates.

Here are some factors that affect the Used Car Loan Interest rates and hence take care of them to avail loan at a lower interest rate.

• The type of the used car that you are planning to buy is going to decide the interest rate. When the car is too old, then the interest rate is going to be high and hence you should not go for any car that is too old. Sometimes, your loan application will not be approved also.

• Usually, the tenure of the loan is also going to decide the Used Car Loan Interest rates. Yes, the normal tenure is going to be 48 months, but nowadays you also get car loans for seven to eight years also. That all depends on the car and its price as well. So, when the tenure is high, then the interest rate is also going to be high.

• Your credit score is also going to decide the interest rate. When you are having good credit score, then it is said that the chances of you getting a loan application approved is going to be easy. At the same time, when the credit score is good, your interest rate can also go down. So, always make sure that your present or past loan will decide the status of your future loan applications.

• When the car’s availability in the market is too low, then the chances of loan approval and interest being low are high. Sometimes, these offers are given by the owner itself as the model is no longer going to be available in the market.

So, before you go for used car loan, you should check the Used Car Loan Interest rates and decide which financial institution is going to do things in your favour. That means, which is going to offer you low interest rates. You can first refer their websites and filter a few best ones. Then you can meet them in person to get more details about the interest rates and loan approval. Along with this the used car dealers can also help you with good amount of information as they are into this kind of business since long. They might have helped a few other customers as well.

How Should I Choose the Top Performing Schemes of ICICI Mutual Fund?

Like all other investors, you may also have the desire to invest in the best performing mutual funds so that you can reap the maximum possible benefits. But selecting them from a lot is not an easy task. If you want to choose the top schemes of the largest assets management company of India, i.e., ICICI Mutual Fund, in terms of assets under management, then you must know about the various things that may help you choose the most appropriate fund.

ICICI Mutual Fund: An Overview

ICICI MF is the largest AMC of India with assets under management amounting to Rs. 2,79,066.07 crore as on September 30, 2017. It was incorporated in the year 1993 and since then, it is spreading happiness among the investors by providing them healthy returns on their investments. This fund house has brought many innovations in the industry of mutual funds for the betterment of the investors as it keeps the investors’ interest at priority. You can select the most suitable one as per your financial requirements as ICICI Prudential Asset Management Company offers a huge variety of mutual funds which are majorly categorised into three, namely equity, debt, and balanced. Under each category, there are various schemes targeting different investment objectives of the investors. The first step which you should take is to define your financial goals which you want to attain in a certain period of time. You should analyse precisely that what you want to attain and in what time. Once you are done with determining the objectives that you want to achieve, you can start finding the appropriate schemes of ICICI Pru AMC. From short-term to long-term, and children’s education to retirement planning, you will get solution to all kinds of needs.

To choose the most suitable one so that you can earn effective returns to meet your financial goals effortlessly, you need to consider the various criteria of funds which include:

The performance track of funds over the last few years so that you can know that how the scheme may perform in future if the market conditions remain similar.
The expertise and the experience of the fund managers who are handling the management of the scheme can help you determine how the scheme may perform in the down market scenario.
Previous rewards depict the potential of the scheme in providing returns over different time cycles.
Transparency in operations of the fund house helps the investors to have better exposure in the investments.
You can also check the creditworthiness of the AMC so that you can ensure that you are investing in the schemes of a trusted fund house. ICICI Mutual Fund has already won the trust of millions of its investors by generating healthy returns on their investments; so, you can easily trust and invest in the schemes of this AMC.
You can also consider the various charges such as entry load, exit load, etc., on the investments in any scheme so that you can ignore the high charging scheme.
If you are good in the quantitative approach, then you can also check various ratios and percentage of the scheme such as alpha, beta, standard deviation, Sortino ratio, etc., as these depict the different capabilities of the scheme in generating returns.
All the factors as mentioned above must be checked before investing in any mutual fund scheme. Many investors also consult to the financial planners for availing their services of investment planning and suggestions. Most of the experts suggest their clients to invest in the schemes of ICICI Mutual Fund. You must also have a check on the various plans if they match your investment requirements.