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Personal Services Income or Personal Services Business

Personal services income (PSI) is income generated primarily on account of an individual’s personal skills, effort or expertise. Individuals can receive PSI in any industry. We mostly find this in IT consultants, construction workers, engineers and medical practioners. The key to receiving PSI is that the recipient does not receive salary but invoices the employer […]

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6 steps to build that home loan deposit when you’re your own boss

When you’re self-employed you know only too well, your income can vary each month and that makes saving up for a home pretty tough going. If you really want to show potential lenders you’re a good candidate for a home loan, having a history of steady, regular savings is a really great place to start. […]

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Unexpected renovation costs that can blow the budget

When it comes to getting the house a refresh, there are many small costs that need consideration. A good credit adviser can help identify the costs and how best to raise funds. When watching property and renovation shows, the host frequently advises that you should go in with open eyes: know what it costs, know […]

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FinKonsel is about solutions arrived at by understanding client needs and working with customers

VIVEK Perti from FinKonsel started his journey in 1991 as an auditor. The analytical skills helped Vivek obtain the P.G. Diploma in Business Management (MBA) and work with senior management in leading organisa­tions like TATA Steel and SITA World Travel. Subsequent to migrating to Australia in 2004, Vivek acquired CPA status. As a student of […]

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Does your business have an Exit strategy?

The start to every successful business is making of a Business plan or in other words when to exit. A business plan / exit strategy answers a fundamental question of “ how much money the business owner requires to retire comfortably”. The answer becomes especially relevant given the fact that Small businesses especially franchises tend […]

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