Archive: April 18, 2023

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Elementor #7600

Apr 18, 2023 by Ibrahim dada 0 Comments

SOURCES OF FUNDING FOR SME BUSINESSES​

FACTORS TO CONSIDER WHEN CHOOSING FUNDS

The following factors should be considered when choosing the right source of funds for businesses.

a. The Cost of the fund.

b. Purpose of the fund e.g. long term sources of fund for long term need or uses

c. Size of the business e.g. sole proprietor and limited liability company.

d. Financial status of the business.

e. The type of business structure e.g. sole proprietor or partnership cannot raise fund from the stock market.

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Fund is the life blood of every business. All businesses require funding for the growth and expansion. Sources of funding for businesses can be divided into two parts namely Internal and External sources.

The fund can also be short term or long term.

The two main methods of sources of funding for businesses are:

i. Owners Capital or Risk Capital.

ii. Borrowed Capital.

source of funding for business

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FACTORS TO CONSIDER WHEN CHOOSING FUNDS

The following factors should be considered when choosing the right source of funds for businesses.

a.The Cost of the fund.

b.Purpose of the fund e.g. long term sources of fund for long term need or uses

c.Size of the business e.g. sole proprietor and limited liability company.

d.Financial status of the business.

e.The type of business structure e.g. sole proprietor or partnership cannot raise fund from the stock market.

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Elementor #7530

Apr 12, 2023 by Ibrahim dada 0 Comments

WHAT IS TAX?

A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.

Tax

In economic terms, taxation transfers wealth from households or businesses to the government. This has effects on economic growth and economic welfare that can be both increased (known as fiscal multiplier) or decreased (known as excess burden of taxation). Consequently, taxation is a highly debated topic by some, as although taxation is deemed necessary by general consensus in order for society to function and grow in an orderly and equitable manner through the government provision of public goods and public services, others such as libertarians and anarcho-capitalists are anti-taxation and denounce taxation broadly or in its entirety, classifying taxation as theft or extortion through coercion along with the use of force.

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