Connect with us

Business

Reza Abbaszadeh: The Ultimate Opportunist making Millions as an Entrepreneur under 25

mm

Published

on

The 20s is an age of hustling. It is the defining decade of your life. There are two types of people at the age 20, one – who are celebrating life, king-sized, with relentless charades of partying & hanging out with their friends, hoping to achieve the best in the coming years and two – who work their socks off to achieve the best and then celebrate life, king-sized.

Mr. Reza Abbaszadeh is of the second type, the founder and CEO of DigitalTreasuryInc. Reza is an Iranian-German Entrepreneur, self-made millionaire, philanthropist and skilled business strategist who changed his life towards the peak of hustling age, 20. Born (1998) in Tabriz – Iran, Reza showed his inclination to do business right from his childhood. He worked with a friend to provide authenticated IELTS (International English Language Test System) degrees from neighbouring countries as Iranian degrees were considered to be non-eligible for using it overseas. Because of this Reza Abbaszadeh & his friend, still in high school, made a whopping $200000 in just 5 months. In 2016, Abbaszadeh emigrated to Hungary to escape compulsory 2 years of military service in Iran; he made it to study medicine at the Vienna University of Austria. Abbaszadeh was passionate about financial success and good business, so for the sake of his real interest and hunger to succeed in business, he dropped out of the college.

Abbaszadeh moved to Berlin where he started selling used luxury brand clothes. It was a huge success, the quantum of which showed on how he built a team of workers who were ready to spread the business throughout Europe. Because of his convincing skills, he was promoted as a supervisor for a top luxury clothing brand, which helped him in building contacts, relations and hone his communication skills. He wasn’t done though and ventured into gambling, became a professional poker player. With hard work, determination and practice, he made money so that he could take steps into businesses with solid financial support and great capital management.

Abbaszadeh ingrained the psychology of peak performance, negotiations, leadership, organizational turnaround and making full use of an opportunity. He was the orchestrator in establishing an Investment Banking platform named DigitalTreasuryInc. This platform has been involved in over $6 Million in real estate transactions, covering approximately 407 units of multi-family properties across Europe with an investment of multi-million dollars in other lucrative fields.

Mr Reza Abbaszadeh, in 2019, reached the $10 million mark and hence won the “Youngest Iranian Businessman”. One of the great qualities of Abbaszadeh is to gauge the market and know what is missing at the moment. In order to create a method for “SUCCESS “, he made an excerpt “Millionaires make you a Billionaire “because he believes “we are learning from Millionaires on how to make Billions”. The present day portfolio valuation of his company is $12 Million and is expected to be doubled by the end of 2020.

We learn from Mr Reza Abbaszadeh that one should make the most from what is available, to try and explore all the possibilities and grab the opportunities. Reza Abbaszadeh has set a benchmark on how to be a successful entrepreneur at an early age, providing guidance and inspiration to many young minds, and he believes, he’s only getting started.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Why Multi-Province Payroll Compliance Is the Hidden Challenge Canadian SMBs Face and How Folks Solves It

mm

Published

on

Photo courtesy of: Folks

Byline: Shem Albert

Running payroll in Canada can feel like crossing a country stitched from many different fabrics. Each province weaves its own pattern of tax rules, leave policies, and benefit requirements, creating a landscape where a single misstep can ripple through every paycheck. For small and mid-sized businesses, the challenge often remains hidden until growth pushes hiring beyond provincial borders or brings remote workers into the fold. What seems like a routine back-office task quickly becomes a test of accuracy, timing, and local knowledge. This is the gap that Folks set out to close, offering a way for employers to navigate Canada’s regulatory patchwork without slowing their momentum.

Provincial Rules Add Complexity

Canada’s payroll environment varies sharply by province. Federal rules set the foundation, but provincial tax rates, deductions, statutory leave entitlements, and benefit premiums add layers of complexity that employers must monitor carefully. Small and mid-sized businesses with staff across provinces or remote employees face different tax tables, reporting deadlines, and leave calculations that directly affect pay accuracy and remittance schedules.

Folks built its payroll module to address these differences. The platform calculates the correct provincial tax rates and deductions for each employee, applying updates automatically so employers avoid misapplied withholdings or late filings. Multi-location tax management allows a company with workers in Ontario, Quebec, or several other provinces to process payroll without creating separate accounts for each jurisdiction. Bilingual functionality in English and French and secure Canadian data hosting support compliance while keeping employee records accessible across language and regional boundaries.

Unified Records Improve Accuracy

Payroll errors often stem from mismatched employee data. Changes in pay rates, banking details, or benefits eligibility may not align between HR and finance systems, creating incorrect deductions or delayed payments. Smaller teams juggling separate platforms spend valuable hours reconciling information instead of focusing on strategic work.

Folks resolves these issues by combining HR and payroll in one platform. Updates to wages, hours, or tax information entered on the HR side flow directly into payroll without re-entry. This single, verified record strengthens the accuracy of every payroll run and ensures employees receive the correct pay and deductions. By removing the need for repetitive administrative work, HR staff can redirect their time to tasks that support growth and employee engagement.

Automation Keeps Provinces in Step

Each province sets its own requirements for holiday pay, pay frequency, and statutory benefits, making manual calculations both time-consuming and error-prone. Businesses that expand or hire remote employees must keep pace with shifting provincial regulations or risk penalties and audit issues.

Folks address these demands with automation designed for Canada’s regulatory landscape. Pay statements, deduction calculations, and custom pay schedules follow the applicable provincial rules without extra configuration. The system’s automated updates mean that a company hiring staff in British Columbia or Quebec can meet local payroll standards without adding new layers of setup or monitoring. Employers gain the ability to expand into new regions while maintaining accurate, on-time pay.

Reporting Strengthens Compliance

Changing tax rates and reporting requirements require ongoing attention from HR and finance teams. Companies that rely on disconnected systems risk missing a provincial update or submitting incorrect remittances, which can lead to fines and interest charges.

Folks provides detailed reporting tools that compile payroll, deductions, and benefits information across all locations. Employers can generate clear remittance and deduction summaries, simplifying the process of meeting provincial filing requirements. For organizations that want additional guidance, Folks also offers a payroll management service that brings in-house specialists to assist with configuration, compliance, and regular updates. These reporting features help companies stay audit-ready and avoid costly compliance gaps.

Scalable Payroll for Expanding Businesses

Many small businesses begin in a single province, where local tax and payroll demands can be learned over time. Growth into new provinces or the decision to hire remote staff adds a level of complexity that manual processes cannot handle efficiently. Errors multiply, compliance risks rise, and payroll teams spend more time correcting mistakes than supporting expansion plans.

Folks provides payroll that scales with company growth. Provincial tax logic, automated deductions, bilingual support, and secure Canadian data storage are built directly into the platform. By maintaining an accurate employee record and applying province-specific rules automatically, the system allows Canadian SMBs to expand with fewer administrative surprises and more predictable payroll operations. Companies gain the stability of compliant payroll across provinces while controlling the time and costs that typically accompany multi-jurisdiction growth.

Continue Reading

Trending