Ten Things to Consider Before Buying an Expatriate Health Insurance

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Ten Things to Consider Before Buying an Expatriate Health Insurance

This article is coming up with an interest to educate and enrich an expat or a person who planning to settle down in a foreign country with the necessity of insurance. When you plan to move abroad on your own or with family members, I am sure you will have a list of things to complete before you board.  The list may look long and very important ones like accommodation, childrens school, financial matters will be the first in the list. But along with those elements, it is always important to remember the necessity of an insurance also because every new place is filled with surprises which you and your family will never expect.

Nowadays getting an international health insurance is as simple as like that, you go online you get the best fit that satisfies your needs. You can even find a right global health coverage for a reliable rate that you can never imagine. A perfect health insurance complements your lifestyle in whichever place you prefer to stay for a shorter or a longer period. To know better, the health industry had changed drastically over the past few decades, it is not just a cheap health plan to save your money alone.  Before you get a customized or a good fit plan for your needs, you need to understand the hidden or at least noticed terms involved in an insurance agreement.

You can find the below-listed advice which can lead you to choose a smart choice for health insurance.

Never take advice from a person who is not qualified enough in the field of health insurance.
Never compare yourself with other because every person is different and so their needs are. You may find yourself healthy now but the situations and the climate can make you ill anytime of your stay.
Determine yours and your families real need. You can get an idea by analyzing and considering past illness and sickness history of your family members or even yours.
Always choose an insurance that will accommodate the existing illness and sicknesses.
More important, learn to understand the coverages.
Present insurance plan not only gives you the support to pay medical bills, hospital bills and the prescribed drug cost. It also covers the Medicare, Medicaid for certain people, senior citizens and people with disabilities.
Resist your urge to over insure. Always understand your need and learn to avoid the unnecessary coverages, which is not going to be useful to you at any point of time.
You can find a huge list of expatriate health programs online, but before you conclude one it is a must to compare the available option in the details.
Make a financial plan which in turn can help you to choose the plan that fits your family needs.
Most important thing is that to understand the service provider's terms and conditions and their applicability over the countries. So make sure the one which you going to opt has the options that you looking for. If you are someone who is one regular move across the boundaries, then choose a plan wisely.

Health insurance plan for expatriates are now high in demand and you can even find the service providers all around the world. The government of every country has their own health plan to accommodate their people and the expats. It is very important to understand the place and their laws before you decide to buy a health insurance. Sometimes the insurance that you buy may not be applicable in government own hospitals or clinics. So asking questions to yourself before buying an expat health insurance will make your stay more fruitful and enjoyable.

Tax Debt Help Tips - How to Settle Your IRS Tax Debt for Less

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Tax Debt Help Tips - How to Settle Your IRS Tax Debt for Less

You are probably reading this because you are in need of tax debt help. Sometimes it feels like there is no way out from under an overwhelming IRS tax debt. However, for taxpayers that simply can't afford to pay, there is a solution. You can actually settle your IRS tax debt for less than you owe! This is known as an "Offer in Compromise" and if you qualify for it, it is one of the most beneficial forms of IRS tax debt help available. But before you try it, you need to prime yourself with a little research and some basic knowledge. Roll up your sleeves, this won't be easy.

The IRS tax settlement program, or Offer in Compromise, reduces the amount owed for taxpayers that cannot afford to pay before the statute of limitations (time to collect on the debt) runs out. It is an agreement between the taxpayer and the IRS that settles the tax liability for less than the full amount owed. Anyone can apply for an Offer in Compromise for tax debt help. However, not everyone is going to be approved. You need to know the steps and the paperwork required for a tax settlement to increase your chances of actually securing this form of tax debt relief.

In order to apply for an Offer in Compromise you need to complete IRS Form 656, Offer in Compromise and IRS Form 655-V, the Offer in Compromise payment voucher. The IRS will not accept an offer that is less than your earning potential in the years before they can no longer collect on your debt. This means you need lots of documents to prove you simply cannot pay your tax debt before your statute runs out. Now your mission is to begin finding and assembling those documents that "will prove to the IRS" that you can't pay your tax debt in full. Some common examples are past due notices, bills, unemployment checks, and anything and everything that serves to substantiate your financial hardship claim. Submit all of this documentation with IRS Form 656, Offer in Compromise

Before you begin on your quest for tax settlement as your preferred form of tax debt relief, it is important to know the success rate. While it is true that you can actually settle your IRS tax debt for less, the IRS does not "give up easily" on full collection of past tax debt. In fact, fewer than 20% annually of all Offer in Compromise applications submitted to the IRS are approved. For this reason, it is incredibly important to double check IRS Form 656, Offer in Compromise before you submit it. Incomplete or inaccurate applications are rejected. The IRS also rejects applications where the tax settlement "offer amount" is deemed to be too low.

It is true that some taxpayers have submitted their own Offer in Compromise successfully. However, when it comes to submitting an offer, you have a better success rate when you work with a qualified tax professional. IRS tax settlement specialists know the "ins and outs" of IRS rules and guidelines, and are experienced in assembling the necessary documentation to maximize your chances for approval. Remember that this form of tax debt relief is the most beneficial, so it may be prudent to give yourself every possible chance at success. That often means using qualified IRS tax debt help advisors. Keep in mind that if it appears you will not qualify for IRS tax settlement, a professional tax advisor is aware of all programs that may give you the tax debt relief you need.

Liv Worthington has worked in the debt management field for many years. She also advises clients who need tax debt help and are seeking information about tax settlement as their preferred form of tax debt relief.

Tax and Easy Accounting Starting Your Own New Sole Trader Business

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Tax and Easy Accounting Starting Your Own New Sole Trader Business

It is preferable to maintain regular basic accounts as part of the financial control bearing in mind that all debts of the business are personal to the trader. By preparing monthly accounts cash flow can be managed more effectively and an estimate of future tax liability made.

Easy Accounting

While a sole trader does not have to keep formal basic accounts financial records are required to enable the net taxable profit to be calculated with paperwork to support that calculation. Documentary evidence includes paperwork obtained from third parties such as sales records and receipts, purchase invoices and receipts and if maintained the business bank account. Sole trader accounting really is the simplest easy accounting as the formal reporting requirements are the easiest.

It is not essential to employ an accountant to prepare the sole trader accounts and the tax return. Employing an accountant has the advantages of saving time in preparing the basic accounts, tax return; professional advice on what expenses can be claimed including calculating the capital allowances. The disadvantage is the cost and that is the choice of the sole trader.

Tax returns, Income Tax and National Insurance

Sole traders are assessed for income tax and national insurance on an annual basis based upon the self employed tax return everyone self employed must complete and send to the tax authority. HMRC issue tax returns in April each year which need to be completed and submitted by 31 October following the end of the financial year. Tax returns filed online can be submitted with a financial submission date of 31 January, some 10 months after the end of the financial year.

There are 2 versions of the self employed tax return, The short tax return is completed if sales turnover is below 64,000 for 2007-08 and the more detailed full self employed tax return completed if sales exceeded the cut off point which for 2007-08 was also the level at which vat registration was required.

In calculating the tax payable HMRC deduct from the net taxable profit the personal tax allowance and calculate the income tax payable at the 20 per cent basic rate for 2008-09 on profits up to the higher earnings threshold and 40 per cent on net earnings above the higher threshold. Losses incurred in previous years can be offset against the net taxable profit.

Self employed pay class 2 national insurance contributions which were set at 2.30 for the financial year 2008-09. Refunds, through the small exceptions rules, are possible if net taxable profits are very low. In addition self employed also pay class 4 national insurance which in 2008-09 was 8% on net profit above the personal allowance and up to the primary threshold and 1 per cent above the national insurance primary threshold

Following the financial year end on 5 April the income tax and national insurance calculated by HMRC must be paid in full by the following 31 January. In addition HMRC also assess the liability for the next financial year and 50 per cent is also payable on 31 January with the remaining 50 per cent payable by 31 July.

Benefits and disadvantages of vat registration

Starting up as a sole trader does not involve compulsory registration for vat. If a business is unregistered for vat then the vat charged on purchases is treated in the accounts as a cost and vat is not added to the sales values. Businesses are required to register for vat when sales reach the vat threshold in a 12 month period, the current vat threshold as from April 2008 is 67,000.

If sales are mainly to the public who cannot reclaim the vat charged then it is usually better to delay registration until the threshold is reached. Where sales are mainly to other vat registered businesses that can reclaim the vat the sole trader adds to the sales value then it may be appropriate to voluntarily register to enable the vat input charged on purchases to be reclaimed against the vat charged to customers.

A business set up that registers for vat needs to maintain more than just basic accounts. Easy accounting can be adopted provided there ia an audit trail to support the quarterly vat return.

Bank accounts

A sole trader does not need to open a separate business account. If a specific business account is used then HMRC have a right to see the transactions through that business account as supporting evidence to the accounts and so bookkeeping records should be maintained. HMRC may ask to see a private account but they do not have a statutory right to do so.

Since all banking transactions are the personal responsibility and liability of the sole trader if a separate business bank account is opened then it must state the name of the sole trader. Typically the bank account name would be Your Name trading as Business Name.

The advantages of maintaining a separate business account are significant in keeping business and personal finances separate. The disadvantages are business bank charges and being committed to declaring the details to HMRC should they ask. If the business is run honestly then that should not be a problem.

Tax Accounting Software and Company Corporation Tax Return

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Tax Accounting Software and Company Corporation Tax Return

Tax accounting software for a private limited company in the UK includes the prime elements of using accounting software to produce the required quarterly vat returns and annual net profit with the tax software automating the calculation of the tax liability and producing an automated corporation tax return.

Company Accounting Software.

All types of business accounting software produce a net taxable profit being the difference between sales income received and purchase expenses. To become a complete accounting package there should also be a facility within the program to calculate tax allowances.

Since tax allowances change then not all accounting packages cope well with this aspect as either it is ignored and any claims for capital allowances need to be input manually which often requires knowledge of the tax system. In any event many systems require the current year tax allowances to be input.

There are packages available where the tax accounting is automated by a package that includes all the current financial year tax rules. Such tax accounting software either has to include an upgrade service to incorporate the different tax rules that apply each year or a new package has to be purchased for each new financial year.

Every quality tax accounting software package should calculate the corporation tax liability which is one of the most significant costs of every business. Where business accounting software does not produce an automated calculation of the tax liability then the tax due has to be entered manually.

Manually entering the tax liability is a function frequently best dealt with by an accountant since the transaction also involves the final completion of the company accounts and potentially journal entries to account for distributions from the after tax profit and retained profits.

Vat Tax Return Software.

It would be unusual to find a company accounts package that did not automatically generate the quarterly figures for the vat return since almost all companies are vat registered.

Vat registration is not a legal requirement for a limited company however as the vat threshold is based upon a fairly low sales turnover which for 2008 was 67,000 pounds; most companies sales turnover exceeds this threshold at which point vat registration is mandatory.

One important aspect a tax accounting software program should provide is an audit trail of transactions that make up the figures reported in the vat return.

Tax Software and CT600 Corporation Tax Return.

In the UK a private limited company has to complete a corporation tax return each financial year. Known as the CT600 companies with a sales turnover which qualifies as a small company can complete the CT600 short return.

Completing the CT600 short corporation tax return is a specialist accountancy area which few non accountants are familiar with. It is not necessarily a difficult task for an accountant but with over 100 paragraphs of notes and explanations a daunting task for many non accountants.

Few accounting software packages have the necessary tax software encrypted within the packages to produce the corporation tax return although in recent years the major companies have tended towards producing online feeds.

Using the right tax software the CT600 corporation tax return can be completed automatically.

To do so the company accounts package has to include all the relevant tax rules and rates applicable for fixed assets and the calculation of the tax liability. Those tax rules have a strong tendency to be changed every year. Suitable tax software is essential to perform this annual process.

The tax accounting takes the tax rates and rules automating the work of a tax accountant to produce the tax liability. The term tax software indicates automation based upon data input which the computer package then processes to produce the desired output. Company tax software produces the tax requirements of the company including both the corporation tax liability and completion of the tax return.

Supertech Eco Village 2

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Supertech Eco Village 2

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Succeed in the Global Workplace with UK's Top Master in Islamic Finance Degree

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Succeed in the Global Workplace with UK's Top Master in Islamic Finance Degree

Islamic finance is gaining in popularity due to its focus on ethical financial practices. However, there is still a dearth of training courses in this field that rely on expert teaching and curricula. Academy for International Modern Studies (AIMS) is filling the void by with its popular Masters in Islamic Finance delivered online.

Islamic finance degrees require deeper insights and understanding of basic principles of Islamic finance. Current surveys reveal that Islamic banking is in need of 15,000 professionals in this field. Islamic finance has grown by six times in just over the last decade. AIMS is now leading the way with its Masters degree that prepares professionals to work and succeed in the global workplace, be it the Middle East, Europe, Canada or Australia.

The Master in Islamic finance degree was introduced by AIMS in 2008, and since then it has grown in popularity and trust. The course is designed by leading Shariah scholars and practitioners, and prepares students on the tenets of strong transparency and profit and loss sharing. The course is unique in that it not only shares insightful theoretical frameworks, but also grooms students with practical experience.

Students taking up the Islamic finance degree course can expect a high quality education compliant with AAOIFI and Shariah norms and recognized globally. Both students and working professionals can join the course, which is based on a self-paced and digitally delivered program.

Our Master in Islamic Finance program is a one of its kind program that has been designed with a premium curriculum and focused on a combination of theoretical and practical knowledge that will help students proceed to a global career in finance, said a spokesperson from AIMS.

Islamic finance has many positive aspects that distinguish it from other financial frameworks. It does not rely on usury, speculation or uncertainty, and creates a transparent and visible financial practice to strengthen society as well as investors. For those interested in further pursuing this field, AIMS also offers a PhD in Islamic finance.

As a leading institution teaching Islamic banking and finance, AIMS is known for its contributions in this field since its foundation in 2005. The University level courses are designed by leading Shariah scholars and practitioners. Graduates of these courses today serve well known organizations and are always in high demand. The study methodologies are self paced, and allow for integration with family and work.

For more information, please visit: www.aims.education/islamic-banking-and-finance-mba-masters-degree/

MEDIA CONTACT
Company: Academy for International Modern Studies (AIMS)
Address: 21 Wenlock Road, London, N1 7GU, United Kingdom
Tel: +44 (0)20 8720 6985

Stop Foreclosure with a Loan Modification

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Stop Foreclosure with a Loan Modification

Stop Foreclosure helps the borrowers who cannot make loan payments and hence helps them save their home from foreclosure. If any homeowner has a fear of loosing his/her home, he/she has a wide choice to help him save his home from foreclosure. Whatever may be the situation of the borrower the financial institutions offer great help to them and hence stops foreclosure on their home.

However to benefit from the stop foreclosure with loan modifications the borrowers should take assistance from a number of mortgage institutions that are willing to help him to get a loan modification done with the approval of the lender and help him save his home on stop foreclosure. All the borrower needs is to do a bit of documentation process and provide the details accurately to the mortgage company. The mortgage company further evaluates the information provided by the borrower and then provides a number of options for loan modification to the eligible borrower.

The borrower is eligible for stop foreclosure with loan modifications if he has a valid reason to miss his loan payment. This may happen if he looses his job or may fall ill, or due to an increase in genuine expenses or simply fall short of funds to make loan payments. The mortgage company helps the borrower to modify his loan and assist him to save home by stop home foreclosure.

If the borrower fails to make loan payment for the first time, the investor or the bank charges you a 30-day late fee. For this the investor or the bank sends a prior notice as a reminder for non-payment. The bank also discusses forbearance plan with the borrower to work on the missed loan payment and to bring you again on path. This special plan helps the borrower to reduce his payments or delay payments to help the borrower to repay the loan. The investor or the bank may also help by refinancing the loan and helps make the payment more reasonable. For this the borrower should confirm that he will anyhow handle the modification made on payments.

But if you are unsuccessful to initiate your bank or investor and further avoid payments you may be charged late charges for 6 months , then 9 months and so on...till this period you loose your credit ratings and may even loose to gain from the forbearance plan or refinance assistance provided by the bank helping you avoid home foreclosure.

If the borrower can not make payments for 90 days, the bank or investor charges you with an NOD (Notice of Default) which states that the borrower has 30 days to make his loan current for which the borrower may approach the court or be prepared for foreclosure. The court orders an auction for your home to sell it within seven days. If there is no buyer for the home on auction, the bank or the lender takesover the ownership and starts with legal formalities like name transfer public notice etc...

Other way round, if the borrower pays all the charges like legal fee, late fee, foreclosure fee he might be saved. A foreclosure leads to a tremendous drop in his credit ratings and may not be further eligible to borrow loans for at least four years.

Luckily there are other simple ways by which a borrower can stop loan foreclosure without a big deal:
a) Refinance
b) Forbearance Plan
c) Partial Claim
d) Pre-foreclosure
e) Deed-in Lieu of foreclosure
f) Real estates short sales

Refinance is the help offered by the bank that enables the borrower to easily pay off the loan for he should be qualified to make the payments.

Forbearance Plan helps to ease or suspend payments till the payments are current again.

A partial claim plan allows the borrower to make advance payment to the lender by a Promissory Note. HUD helps to grant a partial claim.

A pre-foreclosure helps to sell the homeowners home with less effort and thus avoid foreclosure.

Deed-in Lieu helps the borrower to stop foreclosure by selling back the property to the lender or the bank itself. Hence avoids foreclosure but at the cost of the borrowers home.

Thus the borrower under a financial burden who can not make the payments to the bank or the investor can stop foreclosure by opting a number of ways mentioned above and thus saves his home with Stop Foreclosure with Loan Modifications.

Start fresh with guaranteed Personal Loan

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Start fresh with guaranteed Personal Loan

Bright start loan are especially considered to those auk borrowers who are financially strained and need sufficient finance in arrange to get well their credits. More and more we borrowers are in receipt of into financial problems like these payable to abuse of credit cards, store cards or over handling of their other financial products. A fresh start shameful personal loan can help a person who has filed insolvency and is now looking out for loans to bind back or to get better his credits.
Non usual lenders have come out with a new fresh start guaranteed personal loan to help you recover your affect credits. Such fresh start unsecured personal loans are calculated to aim the position market and fresh start loan personal are easily spread up. There is no definite purpose on how these fresh start loans should be used, but it is usually old for first a new financial life.

The helpful facet of such unsecured personal loans new set up is that they have little credit and income requirements for approval and give financing with review monthly installments and the repayment schedules can be expanded over to meet the borrowers needs and plan. also, no security attach in case of an unsecured personal loan.

Bright start cheap personal loan!

Such bright start guaranteed Personal Loan are provided with suitable repay back list in both secured and unsecured form. Give and easy approval are the plus points of unsullied start cheap loan personal. It is necessary for a borrower who has gone from side to side trying times or ruin process.

Bright start unsecured personal loans!

Bright start loans are necessary tool used to overcome the after property of bankruptcy and have served as a post bankruptcy loan to those who have unsuccessful to secure finance from other means. Make a fresh start despite of having gone through ruin procedures and reload your credit scores along with living your dreams.

Whom does a bright start loan provide?

Missed payments

Loan defaults

insolvency

such bright start guaranteed personal loans serve borrowers who have missed their loan payments, defaulted on loan payments or insolvency and like.

Online start fresh loan products are friendly with high interest rate as it is complete to borrowers who are considered unsafe. They have had bad credits and have defaulted on loan payments as a result the bad credit loans, impoverishment loans, pay day loans are the type of loans that is accessible to such borrowers which are expensive as it is without security. Understand the loan conditions and situation before opting for one.

South Koreas Second Largest Bank To Support Cryptocurrency Exchanges

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South Koreas Second Largest Bank To Support Cryptocurrency Exchanges

Bithumb and Korbit, two most significant crypto-currency exchanges in the Korean marketplace, have announced that Kookmin Bank withdrawals and deposits will be disabled by the end of January.

Korbit advised its traders and users that by the end of January, the trade will start accepting deposits and withdrawals from Shinhan Bank accounts rather than Kookmin Bank.

The announcement made by Korbit to its customers is:

As previously announced, in order to meet the terms with the identification and money laundering regulations offered by the government, the recent KRW deposit method is going to be terminated by the end of January 2018.

To utilize the latest KRW deposit method, which is supposed to be implemented in this month, you must have a Shinhan Bank account enrolled under your name. Please use this time to open bank accounts in Shinhan Bank. Well follow up with additional instructions on entering the new KRW withdrawal accounts information on Korbit.

On South Korean trading platforms, every investor is provided with a virtual bank account through which they can withdraw and deposit Korean won, without involving the actual bank accounts.

Over the last few weeks, local investors were worried about the unexpected decision of Kookmin Bank, the leading financial institution in South Korea, to shut down virtual bank accounts initiated on South Korean crypto-currency exchanges. They have decided not to encourage crypto-currency exchanges and provide any virtual bank accounts to crypto-currency shareholders. Many dealers feared that other banks could also stick to the decision of Kookmin Bank and detach the financial links to crypto-currency exchanges.

With the latest declaration of Korbit, traders have become reassured and started not to panic about the possibility of a crypto-currency trading ban. Earlier, in an official document, the South Korean government stated that it had requested financial institutions and banks within the regulated finance industry to stop providing banking services to crypto-currency exchanges.

Effect on South Korean Crypto-currency Marketplace
This week, many local media outlet reported that a high ranking monetary authority in South Korea declared that the government is planning to permit financial institutions to list Bitcoin futures, as the US Commodities and Futures Trading Commission (CFTC) did in 2017.

The government officials clarified that the listing of Bitcoin futures would stabilize the market and allow the Bitcoin exchange market to grow-up by reducing premiums.

In upcoming months, the South Korean government will probably roll out practical regulations to safeguard both businesses and investors. In an announcement made in December, a member of the crypto-currency regulation task force said that the government will pursue the regulatory roadmap established by leading markets like Japan and US.

Source: http://www.unkrypted.com/south-korea-bank-support-cryptocurrency-exchanges/

Some Secrets About Bad Credit Lending

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Some Secrets About Bad Credit Lending

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ittii oo iiee onneett heeeeii iieerragg ff ceeii iiffcclliissaad ot ll f hhmmhhvv he amm iianccaa oouuiinn..TTuu hether oo aa ee ooaa  iih bbddcceeii rr ot ill epend n hh yyeeoo oonnaaddoo oo ad ourr rrddttrraall ss. t ss ot heessmm o ryy t bbaii oonnwwtt ccrr f 55 hannwwtt ssooeoo  55.. Ytt t s lwayss pssiill  o  ee iiaace s hhrr rr oanssttaa  oonntthhvv rrdit eriffccttooss hattyyuunnee oo akk yuussll ss f hee  wwll ee t oorraavvnnaaeeorrttee  iillooll uuttee uunnyyuu innnnee.. br>> br> Different Loan Types And Bad Credit

The different loan types work in dissimilar ways. Thus, it should not be strange that some loan types are easier to get by those with bad credit than others. Generally speaking, those loans that carry collateral are easier to obtain because the risk of default is reduced due to the security that the collateral provides. The lender incurs in fewer risks by lending money when the money is guaranteed by an asset.

Thus, home loans, car loans and home equity loans offer a varied range of options on sub-prime lending. However, unsecured loans are not so easy to get for those with bad credit. The lack of security is worst for those with bad credit since they can not provide an additional guarantee of repayment unless they can provide a co-signer. Nevertheless, there are certain loans (like student loans or business loans) that are awarded according to the needs of the applicant and disregard credit scores and history. Bear in mind though, that these loans are subsidized by the government or private institutions and thus are not easy to get.

There are also unsecured loans that require no credit checks at all. These loans are known as payday loans or cash advance loans. Though they are excellent for emergencies as they are approved within the day, the interest rates charged tend to be very high and thus, they can not be used as a regular source of financing. Otherwise they would drive the borrower into a vicious circle of debt.

Sub Prime Lending

If you have bad credit the most common scenario for loan applications with traditional lenders, banks and financial institutions is a straight decline. Your only options to boost your chances of getting approved by traditional lenders are offering an asset as collateral for the loan or providing a co-signer that will agree to be obliged to the same loan terms as you (the co-signer will need to have a good credit score).

Otherwise, your only option will be to venture into the world of sub-prime lending. Sub prime lenders are non traditional lenders that are used to dealing with those with bad credit. However, in exchange for taking a higher risk than normal lenders, they charge higher rates and fees to lend money. The easier way to find a lender willing to approve a loan regardless of credit is to do a quick search on the net for bad credit loans. Then, access the results and compare loan quotes to get the best deal possible.

SOME BASICS OF FINANCIAL EMPOWERMENT

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SOME BASICS OF FINANCIAL EMPOWERMENT

INTRODUCTION:
What Is Financial Empowerment?
Financial empowerment refers to a state of financial self-sufficiency, which enables a person to have more than enough for him or herself and to take care of other peoples needs as well. It also means having more than enough financial resources for the present and for the future.

Financial empowerment enables you to live your life in such a way that you do not spend most of your life working for money but rather, money working for you.

Financial empowerment is an essential and an integral part of the Christian faith. Jesus had financial sufficiency, if not; he would not have employed a financial manager and treasurer in the person of Judas Iscariot.

God does not only endorse financial empowerment of His children, He actually empowers them and teaches them as well to prosper.

Deut. 8:18
But thou shalt remember the Lord thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.

Isaiah 48:17
Thus saith the Lord, thy Redeemer, the Holy One of Israel; I am the Lord thy God which teacheth thee to profit, which leadeth thee by the way that thou shouldest go.

In this article, we are going to be considering some basic truths about financial empowerment, which are as follows:

1. Dissatisfaction with your present state
2. Desire for change
3. Decision to take personal responsibility
4. Determination to follow through with the decision
5. Duty to act on your decision
6. Diligence to the actions of your decision

TEXT:
Luke 15:11-20
And he said, A certain man had two sons: [12] And the younger of them said to his father, Father, give me the portion of goods that falleth to me. And he divided unto them his living. [13] And not many days after the younger son gathered all together, and took his journey into a far country, and there wasted his substance with riotous living. [14] And when he had spent all, there arose a mighty famine in that land; and he began to be in want. [15] And he went and joined himself to a citizen of that country; and he sent him into his fields to feed swine. [16] And he would fain have filled his belly with the husks that the swine did eat: and no man gave unto him. [17] And when he came to himself, he said, How many hired servants of my father's have bread enough and to spare, and I perish with hunger! [18] I will arise and go to my father, and will say unto him, Father, I have sinned against heaven, and before thee, [19] And am no more worthy to be called thy son: make me as one of thy hired servants. [20] And he arose, and came to his father. But when he was yet a great way off, his father saw him, and had compassion, and ran, and fell on his neck, and kissed him.

1. Dissatisfaction with Your Present State
Financial empowerment begins with dissatisfaction of your present financial state. Until you are discontent with where you are currently there is no way you are going to desire a new state or change. Change is a product of the dissatisfaction of a present state of affairs.

The prodigal son became dissatisfied with the despondent state in which he found himself.
[14] And when he had spent all, there arose a mighty famine in that land; and he began to be in want. [15] And he went and joined himself to a citizen of that country; and he sent him into his fields to feed swine. [16] And he would fain have filled his belly with the husks that the swine did eat: and no man gave unto him. [17] And when he came to himself,...

2. Desire for Change
Once you become dissatisfied with your present state, a desire for change will automatically be birthed in your spirit. I said desire not a wish. A wish is mere fantasy of an ideal state of life but backed with no decision to attain it. A desire on the other hand is a strong longing, craving, yearning or aspiration for something, which is backed by decision or action to achieve it.

The prodigal son, after becoming dissatisfied with the despondent state in which he found himself, started desiring for a change in his situation.

[17] And when he came to himself, he said, How many hired servants of my father's have bread enough and to spare, and I perish with hunger!
3. Decision to Take Personal Responsibility
A Decision is a choice or resolve to do something. Every serious desire must be followed by this resolve called decision

The thought of the prodigal son about his condition brought him to his senses and he realized his end if he continued thus. He compared his lot with the servants of his father, making his final decision to go back home and plead for the lowest place in the household.

[17] And when he came to himself, he said, How many hired servants of my father's have bread enough and to spare, and I perish with hunger! [18] I will arise and go to my father, and will say unto him, Father, I have sinned against heaven, and before thee, [19] And am no more worthy to be called thy son: make me as one of thy hired servants.

Financial empowerment thus requires a decision to take personal responsibility to effect a change in our financial state.

4. Determination to Follow Through With the Decision
For a decision to become a reality, it must be backed by the determination to follow through with it. Determination here refers to willpower, strength of mind, resolve, fortitude, purposefulness, and resilience.
The prodigal son, after reaching the decision to take personal responsibility, was so determined that, he decided he would do everything possible to return to the father and win acceptance even if it will mean losing his sonship with the father and being considered as a servant of the father.

[18] I will arise and go to my father, and will say unto him, Father, I have sinned against heaven, and before thee, [19] And am no more worthy to be called thy son: make me as one of thy hired servants.

In the pursuit of financial empowerment, it will sometime be economically prudent to relinquish certain titles, positions, status, ideologies, belief systems etc, we have annexed to ourselves in order to make it financially.

5. Duty to Act on Your Decision
Duty is a contractual obligation to perform a task or an assignment. In the pursuit of financial empowerment one of the cardinal ingredients in the duty to act on our decisions.

Many dreams, visions, plans and aspirations of life though potentially very viable and powerful were never achieved because they never were implemented. The action stage of any process is the most daunting, intimidating, challenging, frightening, overwhelming, scary, disheartening, demoralizing etc.
Many people never get past this stage because confronts the realities of life. This where the successful and failures in life are determined.

The prodigal son was not merely determined but he actually acted on his decision.

[20] And he arose, and came to his father.

Psalm 1:1-3
Blessed is the man that walketh not in the counsel of the ungodly, nor standeth in the way of sinners, nor sitteth in the seat of the scornful. [2] But his delight is in the law of the Lord; and in his law doth he meditate day and night. [3] And he shall be like a tree planted by the rivers of water, that bringeth forth his fruit in his season; his leaf also shall not wither; and whatsoever he doeth shall prosper.

Financial empowerment requires definite action on our part and nothing can be substituted for action in the pursuit of financial empowerment.

6. Diligence to the Actions of Your Decision
Diligence also means assiduousness, persistence, industriousness, tirelessness, and hardworking. Every action requires diligence to succeed and to be excellent.

Proverbs 21:5
The thoughts of the diligent tend only to plenteousness; but of every one that is hasty only to want.

The counsels, reckonings, and calculations of the diligent increase his abundance; but he who is hasty, impatient, and restless in his pursuit of gain will not succeed.

Proverbs 10:4
He becometh poor that dealeth with a slack hand: but the hand of the diligent maketh rich.

Proverbs 12:27
The slothful man roasteth not that which he took in hunting: but the substance of a diligent man is precious.

Proverbs 13:4
The soul of the sluggard desireth, and hath nothing: but the soul of the diligent shall be made fat.

Proverbs 22:29
Seest thou a man diligent in his business? he shall stand before kings; he shall not stand before mean men.

CONCLUSION
Proverbs 27:23-27
Be thou diligent to know the state of thy flocks, and look well to thy herds. [24] For riches are not for ever: and doth the crown endure to every generation? [25] The hay appeareth, and the tender grass sheweth itself, and herbs of the mountains are gathered. [26] The lambs are for thy clothing, and the goats are the price of the field. [27] And thou shalt have goats' milk enough for thy food, for the food of thy household, and for the maintenance for thy maidens.

Slot duck is the best place to play slots online

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Slot duck is the best place to play slots online

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Single Entry Is Simple While Double Entry Bookkeeping May Be The Only Option

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Single Entry Is Simple While Double Entry Bookkeeping May Be The Only Option

The difference between bookkeeping services and accounting may be unclear to the uninitiated while both are of vital importance to financial success. Bookkeeping is an important part of the accounting function and is essentially the record keeping of the financial transactions. Accounting is while incorporating the record keeping also includes the presentation, interpretation and financial control functions including interpretation of the numbers for the financial health of a business of which taxation can play a major part.

Bookkeeping stems from the recording of financial transactions and the accounting term for a business accounts as books. In effect the accounting function prepares a record of the monetary affairs of a business and stores the information in files called books. Hence the term bookkeeping often misspelled as book keeping which is the function of a librarian not that of a bookkeeper.

The financial affairs of a business involve many aspects and start with the recording of what is termed the prime documents. The task of a bookkeeping service which some businesses outsource is to record the prime documents, those prime documents being the sales, purchases and cash/bank transactions. All small businesses do bookkeeping and the most successful use the bookkeeping records as a basis for an accounting function to generate a more efficient financial service.

All business involves buying or selling something and the consequent function of receiving or paying money to the value of those transactions. Recording these transactions in larger business organisations is done by accounts clerks who work under the supervision of the accountant.

Invariably medium and larger businesses use a double entry system for recording transactions. Double entry accounting evolves from the fact that every transaction as a double effect on the business of which these are prime examples.

A sale is made. That creates a record of income for the business which is taxed on that income the other side of the financial transaction, the double entry, is the fact that the organisation who was sold the goods now owes the value of that sales invoice to the business. That is the double entry, record the sales income and also record the debt due from the customer who is now called a debtor.

Someone who owes the business a debt is called a debtor.

A purchase is made. That creates a record of expense for the business which can be deducted from income and lowers taxes and the other side of the financial transaction, the double entry, is the fact that the organisation who supplied the purchase on credit is now owed the money. That is the double entry, record the sales income and also record the credit due to the supplier who is now called the creditor.

Someone who has supplied goods on credit is called a creditor.

The third type of prime transaction is the transfer of money between the debtors and creditors and the business.

When a debtor pays his sales invoice the double entry is to add that amount of money to the business financial records and the opposite double entry goes to the debtor account to reduce the amount owed to the business since it has now received the cash.

When a creditor is paid the amount owed the money is recorded as reducing the cash resources of the business by for example deducting the money from the bank balance and the double entry reduces the amount the business now owes to the creditor account since it has reduced the credit received.

The bookkeeping function is to record these prime transactions. Since every financial transaction has an equal and opposite entry in the books there has to be a mathematical check that both sides of the transactions add up to zero. This check process is called a trial balance where both sides of the entries should be in agreement and normally the point at which the bookkeeping service is deemed to be complete.

Double entry bookkeeping is required for all businesses that require to produce a statement of its assets and liabilities. This statement of assets and liabilities is the total of all the balances from the trial balance and is called a balance sheet.

Many small businesses do not require a balance sheet. In the UK the production of a balance sheet is optional for every self employed business as it is not an obligatory requirement of the self assessment tax return form. A self employed bookkeeping system is not required to produce a balance sheet because the business effectively belongs to the owner and is that owners personal business.

Limited companies must produce a balance sheet under various financial acts and submit the balance sheet to both Companies House and the tax authority each year. The different rules applying to a limited company is because the accounts including the balance sheet are public records available to the members of that company and not necessarily the property of a single individual or partnership.

The self employed bookkeeping system can be simpler being produced from a single entry style of bookkeeping rather than double entry. Single entry bookkeeping makes a single entry for each financial transaction which is sufficient to produce an income and expenditure account, a profit and loss account, but does not make the reciprocal entry that establishes the value of the assets and liabilities.

Single entry can be as simple as making a list of the sales income and the purchase expenses. Such a bookkeeping system is valuable to the smaller business as it requires little or no bookkeeping or accounting knowledge. A smaller business can produce its own accounts without the need for a bookkeeper or accountant particularly if it has access to bookkeeping templates through bookkeeping software to produce the accounts in the accounting format required.

Simple Stock Market Investing Tips for Beginners

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Simple Stock Market Investing Tips for Beginners

For young or inexperienced investors choosing a stock or mutual fund can be confusing. What's more unless you have professional training, investing in either stocks or mutual funds could be too risky. Fortunately, there is a simple investment you can make without having any experience in the stock market.

Importance of Investing Young. It is essential that you start investing young; if you don't your actually loosing money and missing out on the most important thing young investors have in their favor 'compounding interest'.

Each year that you have money and are not investing you're loosing about 3% of its value due to inflation. So after 10 year of sitting on $100 cash it could be worth less than $75. What's more, by investing young you benefit because the money you made from your investments - make you more money. Making money from money you've already earned from your investments is known as 'compounding interest'. This powerful force can make you a millionaire well before retirement age with saving as little as $70 per month.

Now that you know you need to invest; how do you start? The stock market offers a great place for young investors to get their money working for them; the best part is you do not need a lot of money to get involved. Plus, with the investment vehicle discussed in this article, you don't need to be a stock market expert to begin.

What's the solution? An ideal investment for young and inexperienced investors is to get on the road to financial independence are low-cost broad market index investments. Warren Buffet states, "A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money." This is one of the easiest investments you can make. An added bonus is that it takes only minimal knowledge and about 60 minutes to start getting your money working for you.

What's a broad market index? A broad market index is a group of stocks that you can purchase as one. It allows young investors to buy a collection of top performing stocks that mimic the performance of the entire stock market. Since these index funds allow you to earn returns similar to the overall performance of the market it greatly reduces the risk. This is an advantage to the beginning investor since it is safer than investing in a single stock or some mutual funds; plus there is a history of double digit returns.

Although the term 'broad based index investing' may sound unfamiliar you already know many of these investments. -The Dow Jones Industrial Average index contains 30 top industrial stocks. -The Standard & Poor's 500 contains 500 of a variety of different stocks. -The NASDAQ 100 contains 100 stocks that are mostly in the financial and technology sector.

When you invest in a broad based market index you actually own a small piece of each individual stock. For instance, when you invest in the S&P 500 broad market index, you're buying a piece of all 500 stocks in that index. So for each S&P index share that you own your actually own 1/500th of companies like: American Express, Google, Ford, Nordstrom, Home Depot, Staples and Yahoo to name a few.

Broad market indexes are ideal for young investors that don't want to watch the stock market everyday. Since this investment matches the overall return of the market if you believe over the long-term the stock market will continue to rise in value this could be a good investment. If history were an indicator of future performance, it would be clear that over time, you would generate solid returns. The key benefits associated with broad market index investing are:

1) Higher Returns - According to Standard & Poor's, less than 30% of managed funds in 2006 beat broad market index investing. What's more over the last ten years the average person that invested in broad based index funds has beaten the returns most mutual fund investors.

2) Added Diversification - Diversification lowers risk. If you invest in one individual stock and bad news comes out on the company you could loose a lot of money fast. Now, for instance, if you're invested in an S&P 500 index fund and one stock has bad news you really don't care. That will only affect your investment one five hundredth.

3) Lower fees - Index funds fees are typically lower and are often around .5%. While the average mutual funds fees are around 2%. Over time this will make a big difference in your overall return.

4) Passive investment - When investing in individual stocks or mutual funds it is important to keep your eye on the market and up-to-date with current trends. On the contrary, index fund investing requires minimal time to track investments and less knowledge.

The earlier you start investing the sooner you can reach financial freedom. invest with broad-based index funds that have similar returns to the overall market, because then we are receiving similar returns while hedging our portfolio - again, investing for young and beginning investors is all about diversifying to improve your chances for financial success.

How do I invest? There are two ways for young investors to begin investing in broad market indexes. Both are similar in their returns; but they are different in how the index is bought and have different fee structures.

* An Index Fund is a mutual fund that purchases the stocks that make up an index in order to match the returns of the overall market. For example, if investing in an S&P index fund, that mutual fund would own all the 500 stocks that make up that particular index. Index mutual funds may require a minimum investment, but some can be waived with a direct deposit investment plan that automatically invests money every month from your account. Typically, fees on index funds are higher and there are minor restrictions on when you can sell.

* An Exchange Traded Fund (ETF) is similar to an index fund, with the benefit that ETF's can be bought and sold similar to an individual stock. An illustration of an ETF is the "Spiders" (American Stock Exchange: SPY symbol). Each share of a spider contains one-tenth of the S&P 500 index, and so trades at roughly one-tenth of the S&P price. The management fees on ETFs are low. In addition, there are fewer restrictions on the purchase and sale of ETF in comparison to index mutual funds.

Young investors will achieve similar returns whether investing in index funds or exchange traded funds, but typically ETFs have lower fees and fewer restrictions.

The earlier you start investing the bigger advantage you will have. Because there is only a minimal amount of money necessary to start and a low level of knowledge needed to invest - broad based market indexes will allow you to start investing young. So quit working for every dollar and get your money working for you.

Shredding Files How To Dispose of Shreds

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Shredding Files How To Dispose of Shreds

Even professional shredding services agree using the typical home-office owner - shredding vital documents is the simple part. Once documents are shredded is when the hard part begins, which is attempting to dispose of the shreds in a secure manner. Even shredded documents can, with enough perseverance, be put back together for the purposes of gathering info.

You will find a couple of choices for disposing of the shreds from document shredding, be it in a home or small office. What is important to keep in mind will be the level of information security comes together with every.

Garbage

One popular method for ridding the home of shredded papers is to simply throw them in the garbage. It may appear like bagging the shreds all together and throwing them out is the least secure method of disposal, and it's. Bagging and throwing shreds away doesn't need to be, though. Mixing after which separating the shreds into several bags, or throwing the shreds in the kitchen garbage with food scraps along with other semi-liquid materials are both ways to throw shredded documents in the garbage with out being very susceptible to theft of information.

Recycling

Simply because shredded documents are actually paper, recycling them is one instinct for many families who use paper shredding or companies who wish to look eco-friendly in their practices. Recycling shreds is really a more secure method to dispose of them than the regular garbage, frequently because the shredded pages go only to a recycling truck where they mix with everyone else's shredded paper. Separating into two or much more bags is still a good concept although, and still permits the shredded documents to be used in an environmentally friendly way while still keeping individual and financial info private.

Much more Unique Options

For families and smaller communities, you will find more unique choices for disposing of shredded papers which are both eco-friendly and possibly even fun. For families who're really into gardening and keep their own compost, using half of the shreds from documents in the composting pile can be a good way to rid half of the shreds in an eco-friendly way whilst freeing the other half from fear of being reunited and read for dishonest purposes. Other choices include shredding documents a little thicker and utilizing them for kids' projects, or using them in a class project that entails recycling used paper into new right in the classroom, ensuring the shreds get totally dissolved and pressed into a meaningless clean sheet of paper.

Obtaining assistance with Montgomery shredding means 1 less job which you need to be concerned with. When you select Montgomery paper shredding, your important documents are shredded safely.

Sharing Financial Information With Your Employees

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Sharing Financial Information With Your Employees

A common question amongst business owners is "how much information should we share with the employees?". In businesses with multiple principals, there is often disagreement about sharing the financial information. Some owners want to be transparent, so employees understand their decisions, but others are nervous that the information will be used against them. Transparency into the numbers can yield great results if it's done correctly. Here are some tips for sharing financial results:

1) Never share information on payroll and benefits. It's just not good sense to let everyone have this information. When you do share financial information, make sure this information is concealed. For example, if you only have one employee in sales and sales salary is on the income statement, you'll want to consolidate that account with others to keep the information confidential.

2) Generalized financial information should be sufficient. When you share information, be careful about giving too much detail. Employees probably don't need to know about every single transaction and you'll certainly want to be careful about letting them know how much money the owners are taking home from the business. Sharing key metrics with dashboard graphs and charts will keep employees informed without giving away too much information. Remember: A picture is worth a 1,000 words.

3) Knowledge is power - educate when you share. You're most likely sharing information with employees who didn't go to business school, so just giving them a few graphs or information on profitability isn't really going to be helpful. If you want them to start thinking like business owners, you need to make sure they know what the numbers mean. For example: Telling someone you have a net profit of 10% doesn't mean anything unless they know the target net profit is 15%. Now they understand you aren't as profitable as you should be...and you can have a conversation about how to increase profits.

4) Solicit employee opinions. If you're being transparent with the numbers, it makes sense to give your employees a voice. Your employees are an amazing source of information. You're doing your business and employees a disservice if you aren't giving them an opportunity to help. If you aren't hitting your financial targets, ask your employees for their opinions on how to solve the problem. They know what's working and what's not working in your business. When you step on the transparency bandwagon, be prepared to allow transparency in both directions. It's not just you sharing with your employees; getting them to share is just as important.

5) Explain your decisions. When employees are aware of the financial metrics of the business, it becomes much easier to explain your decisions. If an employee wants a new computer and there's no cash right now, you can put the ball back in their court. You know and they know, it's just not the right time. You can even take it a step further. Let them bring you a business case for the expenditure they would like to make. How will spending this money improve our business and the bottom line? Getting your employees to bring solutions instead of problems...that's priceless.

Transparency with the numbers can be great. It can help you motivate employees and get them thinking like business owners. The trick is sharing enough information to allow your employees to understand the decision making processes, but not so much that you overwhelm or give away sensitive information.

Services That Can Be Outsourced With Mortgage Underwriting

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Services That Can Be Outsourced With Mortgage Underwriting

No one will dispute the fact that mortgage underwriting and its outsourcing can work great for a bank or a lending institution. It can allow you to continue the processing of a mortgage uninterrupted, even when your bank or financial institution has a much higher amount of work. A few times a year, a financial institution will see the workload spike. The same thing happens when the investors are looking for the right investment and the same applies for home buyers. The outsourcing of mortgage underwriting can ensure that your financial institution will survive and be able to handle that additional workload and here are some things that you should be outsourcing.

Automated Underwriting

One of the biggest benefits for a financial institution nowadays is the use of automated systems. If you are the owner of a small financial institution, then training staff to use the mortgage underwriting software can be placed on the back burner. When you decide to outsource the mortgage underwriting, you will not have to purchase any software which is necessary for the process nor will you need to invest in training anyone. The type of software necessary will examine any risk of extending a loan to an applicant and check for the merit of the approval.

Creating Loan Closure Conditions

If loan officers are already reviewing your loans, then you could outsource the closing stage of mortgage underwriting. An underwriter has to have skills and experience to create the conditions necessary to close a loan. Any additional documentation or information from a borrower may need to be requested so that the final decision is fair. Some of the documents that may be necessary include pay slips, purchase agreements, proof of employment, letters of explanation and credit reports. Outsourcing this part of the underwriting process for the mortgage will ensure that all requirements are met.

Creating Appraisal Review Reports

Appraisal review reports will show an underwriter's perception of the sufficiency and suitability of any security issue as a backup for a mortgage loan transaction. The reports will show a lender that the mortgage underwriting company has already evaluated the credit worthiness of an applicant and has verified that it is in good standing. The reports will also show that a property valuation has been conducted by the underwriter as well. Outsourcing the process of producing the appraisal review reports will prove to be better and faster than with fewer employees in your office.

Appraisal Of Fraud Protection

One of the worst experiences that a bank can go through is being the victim of fraud. Outsourcing this part of mortgage underwriting will enable your financial institution to detect any fraud found in applications. In some cases, forgery of documentation can be found as well as a misrepresentation of the applicant's information. The people you are having the fraud protection appraisal outsourced to have the experience in detecting any suspicious information such as cash transactions, conflicting details and any excessive money deposits or withdrawals which may not be evident to someone with less experience.

Sale Leaseback Financing Canada

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Sale Leaseback Financing Canada

Canadian business owners and financial managers realized in 2008-2009, despite economic and financial challenges, that they had significant equipment and assets that were available to generate additional working capital and cash flow for their firms. In essence they were equipment rich and cash poor, as a significant amount of assets was tied up.
How can your firm free up the cash flow and working capital in these assets and put those funds to work for sales and profit generation? The answer is a sale leaseback strategy.

In many instances if you owe money on the equipment those payments can be stretched out to lower amounts, and at the same time improve working capital and liquidity.

Is it difficult to engineer a sale leaseback financing. The answer is categorically no if you employ a trusted, credible and experienced advisor in lease financing in Canada.

The one caveat that we warn clients on is that the sale leaseback should not be greater than the book value on your financial statements of the asset being financed.
If in fact that value was greater you would incur a tax on the financing which might negate the positive aspects of the sale leaseback.

So how do you get your sale leaseback financing completed? In effect you are selling your equipment back to the lease company, so you are required to prepare an invoice and a bill of sale. That invoice of course means that you are warranting that the equipment is free and clear of liens and that you have valid title to the asset.

So how does the lease company register their interest in your asset? In Canada they do this under a simple filing under the Personal Property Security Act 'PPSA '.

There are a large number of assets that actually hold their value, sometimes increase in value, and in some circumstances only depreciate a modest amount. In that case we recommend to clients that they invest a nominal amount in an appraisal this may well generate a larger amount of working capital and cash flow coming back into your firm. Prudent customers will generate an appraisal known as a fair market value appraisal unfortunately many lenders will focus on a liquidation value appraisal, which is of course much more conservative .

Are there different documents used in a sale leaseback transaction? No! They are the same lease type of documents that you would expect in any type of equipment financing transaction.

Carefull attention should also be paid the 'type 'of lease that you consider in such a transaction. You essentially have two choices in Canada regarding such a structure; they are capital leases and operating leases. If you choose the former you have a stated intention to own the equipment again when all payments have been made; an operating lease signifies your intention to use the equipment, upgrade it, or return it at the end of term. Each of these two types of structures has different balance sheet and income statement effects.

In summary, sale leaseback financing allows you to generate working capital and cash flow from unencumbered assets. It can be done for any asset, including real estate by the way. Work with a trusted, credible, and experienced lease advisor to ensure you structure your transaction properly for maximum cash flow and working capital gain Stan Prokop is founder of 7 Park Avenue Financial. Originating financing for Canadian companies, specializing in working capital, cash flow, and asset based financing , the 6 year old firm has completed in excess of 45 Million $ of financing for companies of all size . For info and free consultation on Canadian business financing and contact details : http://www.7parkavenuefinancial.com/sale_leaseback_financing_canada.html

S Corporation Tax Tips - How To Complete Item F On Form 1120S

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S Corporation Tax Tips - How To Complete Item F On Form 1120S

The purpose of this article is to help you prepare Form 1120S, Page 1, Item F, which asks you to report the total assets of your corporation. Read on to find out whether or not your corporation is required to show an amount in this field, and if so, where to get that number.

Item F Reporting Requirements. Here's some potentially good news for smaller businesses: If the corporation's total receipts and its total assets are both less than $250,000, the corporation is not required to put an amount in the Item F field.

Here's the reason why: corporations with receipts and assets under $250,000 are also not required to complete Schedule L or Schedule M-1, both of which are found on Page 4 of Form 1120S. Schedule L is the Balance Sheet, which is a financial report that lists the assets, liabilities and shareholder equity of the corporation. So, if you don't have to prepare the Balance Sheet (which includes the total asset amount), then you also don't have to show that total asset amount on Page 1, Item F.

Of course, just the opposite is also true: if your corporation's receipts and assets are greater than $250,000, Schedules L and M-1 must be completed, and the total asset amount gets reported in Item F. If that's the case, the Item F amount should be the same as the amount on Schedule L, Line 15, Column (d), which is the total asset line from the Balance Sheet.

A Word of Warning. Now that you know the requirements for Item F, please give this suggestion some serious consideration: Most smaller corporations will not be required to prepare a Balance Sheet for the corporate tax return; nor will those smaller corporations be required to put a number in Item F. But there is good reason for you to do a Balance Sheet anyway, even if you don't show the numbers on the return.

What is the purpose of a Balance Sheet? It serves a critical function in the life of any business by providing a snapshot of the corporation's financial condition at any given point in time. It lists the assets and liabilities of the company. Shouldn't every business know how much it owns and how much it owes? Absolutely. So please don't let the Form 1120S filing requirements stop you from keeping a complete set of books. The success of your business depends on knowing the numbers, regardless of how big or small they may be.

Ride2Rich Offers the Most Authentic Multibaggers Stock Research for 2018

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Ride2Rich Offers the Most Authentic Multibaggers Stock Research for 2018

Kolkata, India - An equity research firm that is a member of SEBI (Securities and Exchange Board of India), Ride2Rich provides investors with the opportunity to have their investments multiply. It is a highly dependable equity advisory company that offers the most authentic multibaggers stock research for 2018.
The detailed management and research contracts make sure that the possibility of gain is maximum and the risks of capital loss are minimal. With in-depth research, excellent return records and value pricing, Ride2Rich makes customers as safe, happy and satisfied as possible.

The company offers regular management interviews, guidance, updates and portfolio reviews. It only advises investments in stocks that come with high safety margin. It conducts careful research into every stock to ensure optimum safety margin, and upholds stocks having higher potential with a few temporary triggers to offer multibagger returns.

Ride2Rich offers the opportunity to get maximum advantages from the multi-bagger stock investments spread over the long term. It is among the few equity research and advisory company that offer as high returns every month as 170%. The company is getting the fastest growth in the industry, with complete focus on gain for investors.

The agency has been set up to make sure that retail investors enjoy maximum success. It strives to assist retail investors with the aid of portfolio allocations, investment in basics, stock experts guidance, management interviews and modern concepts as well as selecting free multi-bagger stocks. The experts associated with the firm offers constant mentoring and coaching to investors for 8 months to provide the latter with the expertise and wisdom to choose the right stocks.

Ride2Rich has Make Me Rich Plan, a multibagger stock advisory service where each stock is properly researched to ensure investors safety. Careful research and management ensures that stock investors can benefit from the guidance and knowledge offered to them. Investors are able to get a proper environment for making safe investments and availing the best dividends. The company only covers all those stocks that are safe and can fulfill all the requirements of customers.

The Multibaggers Stock Research for 2018 from Ride2Rich is going to help investors in making safe and effective investments in multi-bagger stocks.

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Revolutionise your public sector processes

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Revolutionise your public sector processes

With the public sector experiencing ongoing demands to reduce budgets and drive efficiencies, outsourcing and automated technology needs to be considered to revolutionise manual paper processes. Efficiencies have already been made in many areas, however, innovations should be implemented to avoid loss of key public services.

Paper is a resource that is still heavily relied upon. This isnt strictly a barrier in the battle against inefficiency, but can lead to obstacles that neednt be there. Sorting, processing and filing incoming paperwork can be an arduous task and ultimately results in demands on resource, revenue pressures and working time.

Business transformation for the public sector can be achieved using a combination of outsourced services, for example digital mail room, automated data capture and cloud document management solutions. These outsourced services can help aid productivity and significantly cut operational costs.

Outsourced solutions for the public sector are accessible via a wholly EU compliant procurement route, through the Crown Commercial Services (CCS) Postal Goods and Services Framework Agreement (RM1063). This Framework is a collaborative agreement with YPO and ESPO, who are strategic partners to CCS.

Public Sector Services

The Framework Agreement provides public sector bodies with a one stop shop for their mail services, including services relating to the digitalisation of mail i.e. opening, scanning and electronic distribution of mail; archiving, destruction and indexing services; mail screening; cherished or valuable document handling; and other bespoke services as required.

By utilising services such as digital mail room services, businesses can see significant reductions in costs and errors whilst witnessing an improvement in processing times of documents and files, helping to support the achievement of legislative and internal service level targets.

Suppliers on the framework can provide business solutions that transform manual processes and see benefits including:

Incoming mail can be diverted to a secure facility which is set up using a PO Box, where documents can be opened, sorted and scanned. This saves huge amounts of staff time, allowing them to focus on core business and potentially front line activities.
Documents can be scanned using high volume production scanners. Intelligent data capture software can extract key information, reducing manual data entry requirements and increasing the accuracy of your incoming data.
Once your mail has been scanned into a digital format, files can be fully searched using keyword search functionality. This can also saves time manually searching through high volumes of paperwork and can be a real benefit for public sector organisations who are regularly audited and need to retrieve information fast and efficiently.
Electronic copies of your mail can be uploaded into a secure cloud document management system, where files can be routed through workflow to the correct members of staff within the organisation. The system also allows staff to access documents from multiple locations using a web browser, great for staff who regularly work out of the office and need access to certain files.
The original documents can either be sent back to you or securely stored and destroyed at an agreeable time.

Digital mailroom services are used by many public sector businesses throughout the UK. If your organisation is looking for an accessible route into digital mailroom services, Cleardata is a supplier on the Crown Commercial Service Postal Goods and Services Framework Agreement (RM1063), which saves you valuable time in the tender process. With all the security, financial and organisational capabilities having already been carefully evaluated during the tender process.

For further details visit www.cleardatagroup.co.uk

Retirement Jobs

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Retirement Jobs

Money is a very important factor when preparing for retirement. Many of today's retirees go back to work because they are either bored in doing nothing on their home, or yearning to go back to work because of financial matters. Retirement jobs impose a significant constructive impact on the finances of a retiree. Below are the four factors of why most retirees prefer to go back to the work force.

Financial Factor - the possibility of earning additional earnings is one of the most significant factors why retirees tend to take retirement jobs. Because not only does retirement jobs extend their retirement funds, retirement jobs can make a retiree have enough money for a few extravagances that they want to experience.

Love of Work Factor - there are some retiree who chose to go back to work because for the love to work. Retirees whose works involves resourcefulness and self-sufficiency, like artists and proprietors, tend to go back to work. It is because their jobs are a great part of their existence.

Friends Factor - there are some retirees who want to go back to the work force because they are bored at staying all day on their homes. These are people who are sociable and are fond of mingling with other people. Retirement jobs offer a flamboyant social moment in their retirement.

Apprehension Factor - people who are devoted completely on their profession prefer working at retirement jobs as much as necessary. The fear of doing nothing but eat and sleep all day renders them to look for retirement jobs.

Some time ago, retirees would not consider going back to work. These days more and more retirees make most of their retirement years by having retirement jobs. If you are a retiree and want to go back to the work force the best place to look for a retirement job is your previous employer. Ask your previous employer if they have any sort of part time retirement job that they could give you. Recent studies show that most of employers allow their older employees to decrease their working hours more willingly than allow them to take full retirement. More and more employers these days are interested in hiring retirees because of their experiences and expertise. There are even some employers that set up atypical recruitment courses for retirement jobs to catch the attention of the retirees. Making some of them consider taking the retirement jobs.

More and more retirees choose to integrate retirement jobs in their retirement. More and more employers are hiring individuals who want to go out of retirement, thus, creating more and more retirement jobs for the retirees.

If you are considering of going out of retirement, it is advisable that you begin planning or start looking for a retirement job that you want as soon as possible.

Repossessed Properties How to Make the Most of Them

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Repossessed Properties How to Make the Most of Them

Are you a property investor looking to acquire bargain properties? Then repossessed properties are worth looking into. Gaining popularity with many individuals, repossessions are convenient ways for investors to grab good bargains. With repossessions in the UK soaring since the beginning of the year, investors have numerous opportunities to make the most of these properties.

Benefits of buying repossessed homes

Sophisticated investors look to repossessed properties as the best type to invest in. This is because buying repossessed homes offers a number of benefits for property investors:

* Below market values (BMV). Most of the time, you can acquire repossessed properties for prices well below their real market value. The best way to obtain a property for 20% BMV is by seeking motivated sellers who have an immediate need to sell their properties. Due to reasons like repossession, divorce or bankruptcy, they resort to a speedy sale to enable them to resolve their financial dilemma.

* Savings. Repossessed properties can be obtained cheaper than other types of properties. Thus you can set aside a significant amount of money which you can use towards buying another property. Make sure though that you buy those which have real equity and value. One of the best places to acquire a repossessed property is at property auctions, where repossessions make up 20% of properties being sold. New-builds in particular are going for an average 26% below the initial purchase price. I have seen some in Birmingham go for 50% below the initial purchase price!

* Best way to grow your portfolio. Since you can acquire properties cheaper through repossessed homes, you can develop your portfolio at a faster rate thereby allowing you to grow your empire quickly. To ensure that you won't have to carry out expensive renovation work, have a surveyor examine the property before purchasing it.

How to generate profits from repossessed properties

Property investors who want to make considerable profits in their investment properties - on top of the profits made when buying BMV - may want to consider investment properties such as buy to lets. The market for buy to let homes offers great opportunities to earn profits. This is because the percentage of the UK population opting to rent has increased in recent years - and the numbers are predicted to increase in the next few years.

Another way to take advantage of the property market is to buy properties and rent them out for the long-term. You can also refurbish a repossessed property and sell for a quick profit. But if you want to truly want the best option, why not buy a property in its pre-repossession stage?

By seeking and buying from distressed sellers on the verge of losing their home to repossession, it's not only you who benefit but also the seller. By intervening with a quick sale, you can help the seller avoid getting his house repossessed. At the same time, you can obtain the property at a lower price than when you bought it through conventional means.

By taking advantage of repossessed properties, you guarantee yourself a solid way of making significant profits. And with the substantial growth in repossessions, you have a wide range of properties to choose from. Just make sure you select them carefully.

Report Identity Theft Directly

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Report Identity Theft Directly

Identity theft can take a tremendous toll on any person, and anyone affected should report identity theft as soon as humanly possible. One of the problems with identity theft is that it might take some time before it is discovered. Identity theft happens all too often, and many people have been affected.

The people who are affected end up with many different types of problems. First of all, the thieves steal money along with the identity. These thieves also take over financial accounts along with the good name of the victim. Law enforcement agencies take this crime very seriously as soon as victims report identity theft.

A victim should report identity theft as soon as there is any hint of this crime. The victim might notice different actions on their bank accounts that provide evidence of identity theft. The victim should not hesitate to report identity theft, and any evidence of this crime to the Federal Trade Commission.

As soon as this is complete, the victim should report identity theft to credit card companies, banks, financial institutions, the social security administration and the local postal inspection authorities. Once victims report identity theft to these officials, they will be given instructions on procedures. Any and all instructions should be followed carefully.

Report Identity Theft Quickly to Limit Damages

There are certain protections against identity theft that people should take to minimize the damage. Some people have had problems for many years because of identity theft. Once someone steals your identity the problems begin. Even though victims report identity theft immediately the damages can be minimized, but the troubles just begin.

The banks and credit card companies can immediately reorganize the accounts so the thieves will not have continued access. The victim will not lose all of the money forever, but it may take some time to restore the accounts.

Although the damages can be repaired and minimized, people should take all steps necessary to avoid identity theft. There are precautions that will provide some protection from identity theft. These thieves do not have to break into your home or hold you up at a bank. These thieves can watch you at an airport or bank and take information from you.

They might stand behind you at a ticket counter while you give a credit card number. These thieves might go through your garbage and take the numbers of your credit cards and bank accounts. Each person should be careful and aware of their surroundings to stay safe from these unscrupulous thieves.