Renting Event Venues for Office Meetings, Why Not?

Renting Event Venues for Office Meetings, Why Not?

Almost every company always holds a meeting in their office, always almost in the same meeting room. Holding a meeting in their own office building is indeed more practical and saving time. However, occasional meetings also need to be held outside the office such as renting family dining in Helensburgh as a meeting place. The following are reasons why meetings need to be held outside the office.

1.   Grow Up Creative Ideas and Solutions

Renting Event Venues for Office Meetings, Why Not?

One of the things that can inhibit creativity is to do the same thing in the same space repeatedly. So holding a meeting in the same room many times will make the meeting participants feel bored and unable to think creatively and finding new solutions. If you don’t want to happen, keep your employees and colleagues away from the narrow and walled white conference room.

But when the meeting is conducted, of course, the meeting participants cannot move from their seats to refresh their minds so the solutions are to hold meetings outside the office. Holding meetings at the venue will help them to think creatively, find solutions and create new ideas.

2. Increase Focus and Productivity

Neatly lined computers, tables that filled with stacks of files, and faint sounds from office mates who having phone calls are the atmosphere you always get in the office. The other view you can pay attention to get rid of that boredom is the highway that you can only stare through the office window.

An office environment that is just like that certainly makes you feel bored. When your boredom has not been free, and you have to enter that meeting room again, your boredom will increases. If you have this, of course, you can not focus when attending meetings and your productivity will be hampered.

However, it will not happen if the meeting is held in another place outside the office that refreshed, relaxed and pleasant atmosphere. Conducting meetings in a new environment will not only maintain your focus and productivity but will also increase it. In UK there was a survey of several office employees about meetings in the office as well as at the venue, 63% of survey participants claimed that they became more focused and enthusiastic when meetings were held outside the office.

3. Get More Complete Access

If you hold a meeting or company party outside the office, what you get is not just an event venue. A lot of event spaces offer the latest technologies and better facilities compared to corporate offices. More sophisticated technology and complete facilities allow you to find the meeting needs.

Perhaps the technology in your office meeting room currently has quite sophisticated technology, but does the meeting room have adequate facilities? Holding a meeting at an event venue that has more complete facilities than your office will make employees more diligent in making presentations through these facilities. They will present their work in the most creative form possible with the facilities in the event space.

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How are Mutual Fund Investments Taxed?

How are Mutual Fund Investments Taxed?

There are many ways of investing money in the capital market. One way is to place your money in mutual funds. Mutual fund investors receive dividends on the fund units that they hold. They may also earn a profit when the value of their holdings appreciates, leading to capital gains. The difference between your initial buying price and your selling price is your capital gain.

There are two categories of capital gains based on how long you stay invested: short-term capital gains (STCG) and long-term capital gains (LTCG). Both of these categories are taxable. The mutual fund tax rates are determined by the type of fund and the holding duration. When it comes to equities, a holding period of less than a year is short term and that exceeding a year is long term. In case of debt funds, a holding duration of up to three years is considered short term, whereas durations beyond three years are long term.

Mutual fund tax on capital gains

Let’s look at the tax rates for capital gains from mutual funds. India imposes different taxes for equity and debt funds.

Equity funds:

STCG is taxable at 15%.

LTCG of up to Rs 1 lakh is tax-free. Any LTCG beyond the Rs 1 lakh exemption attracts a 10% tax rate.

Debt funds:

STCG is counted as part of the investor’s total taxable income. You are taxed according to the relevant income tax slab.

LTCG is taxed at 20% after indexation.

Calculating indexed acquisition cost

What is indexation? It factors in inflation when calculating the acquisition cost. The cost of acquisition of units is adjusted according to the Cost Inflation Index (CII). Hereis the formula:

Indexed Cost of Acquisition (ICoA) = Purchase Price x (CII of Year of Sale or Purchase)

Once you factor in the ICoA, the overall cost of acquisition increases. This brings down your capital gains and, in turn, your tax liability.

How to manage mutual funds tax

  • Before investing, carry out a proper qualitative and quantitative product assessment. This may help you to avoid putting your money in unsuitable funds. You will also not be forced to suddenly exit from a scheme and, thus, attract a tax liability. If required, consult a tax professional to clear any doubts.
  • Avoid frequent and sporadic buying and selling of debt fund units. Calculate the tax implications before transferring from debt to equity funds or vice versa. You are taxed each time you redeem a unit. Keep a long-term goal in mind to maximise potential returns and minimise liabilities.
  • Plan your investment portfolio and redemption to benefit from the LTCG exemption limit for equity funds. Remember that the maximum exemption for equity funds LTCG is Rs 1 lakh.  
  • Build your portfolio based on clear short-term and long-term financial objectives. If a particular fund is not performing accordingly, sell it. Move your money into investments with better potential.

Conclusion

You can create wealth by investing in mutual funds. India has a taxation system that you … READ MORE ..

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