Vedant Engineering and Consultancy

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Financial Planning | Bookkeeping | Estate Planning | Retirement Planning | Taxation | Bookkeeping Services | Personal Taxation | Commercial Accounting | Individual Tax Returns | Personal Accounting

Balance Sheets | Cashflow Statements | Income Statements | Statements of Advice (SOA) | Budgets | Comprehensive Range of Solutions | Fee for Service | Financial Advice | Investments | Personal Insurance

What is financial planning?

In essence, financial planning is evaluating an individual’s current income, expenses and assets in order to calculate a future financial situation.

Are financial planning fees tax deductible?

You may be able to claim financial planning fees if they’re in relation to producing assessable income in the future.

What is a financial forecast?

A financial forecast estimates the predicted future income, whereas a financial plan prepares the necessary steps required to generate future income.

What is financial planning for a business?

Financial planning for a business is determining how it can afford to achieve its strategic goals.