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3 Reasons Any Successful Business Should Use Factoring Financial Services...

Posted by , on Apr, 2017

There is a very often repeated misconception in small business circles about the use of factoring financial services. This misconception leads business owners to believe that factoring is only used by businesses that are in trouble financially. As a point of fact, this is the opposite of the type of business that uses factoring financial services. Factoring allows a third-party company, the factor, to advance up to 80% of the cash for accounts receivable. This means that the business has to be generating revenue and providing work for customers in order to qualify for the funding option. Successful small to mid-sized businesses across the country tap into the value of factoring. The three most common reasons that these top performing companies use factoring focuses on the ability to take advantage of opportunities to continue to be a success. Growth and Expansion By avoiding cash flow gaps between completing contracts and payment, a company is always poised when growth and expansion potential presents itself. By having cash on hand, it is possible to replenish inventory, buy new equipment, take on new contracts and expand into new markets without all the complications of a bank loan or line of credit. Hiring Quality Professionals A very smart way to use factoring financial services is to be able to hire quality individuals when they are available. This is true in any industry, but it’s particularly important if you are operating a service industry or operating a staffing agency, security company or other similar business. Managing Cash Flow With No Business Debt A very smart way of thinking about factoring is the ability to have cash on hand for work completed without anything showing on the company profit or loss sheet. This is important if you will need to apply for credit in the future, want to sell your company or are looking for investors. As factoring is not a loan, it is also not debt, and will not count against your business in any transaction. Be the first to like. Like...

What you need to know about business tax services in Manhattan...

Posted by Kim kimball , on Mar, 2017

Do you need tax preparation services for your business in Manhattan? If so, you should consider getting a public accountant who has been formally trained in these services. The business tax services Manhattan accountant you hire will be able to look into your tax information in order to tell exactly what the best deductions and options are for you. Understanding the process involved with working with a business tax service will ensure that your business gets the top quality tax and financial services it needs. Work with a Certified Public Accountant There are some people who have gone to school for accounting but never completely finished. They still offer tax preparation services even though they haven’t been fully certified. However if they make any errors during the tax preparation process, you won’t be able to dispute them. As such, it is better to work with a certified public accountant such as Robert A. Woloshen, CPA, PC who has received a formal certificate. This will provide you with peace of mind throughout the process. Ensure accuracy with a guarantee Some business tax services Manhattan companies need can provide a guarantee with every tax service. This guarantee ensures that should anything go wrong, you will be well protected for a certain amount of damages. This type of guarantee can provide you with peace of mind as you try to get your taxes prepared professionally. The right way to file taxes Working with a business tax company is the right way to file your taxes at the end of the year. It is much more preferable to working with an online service which is not always error free. With a trusted local tax office, you can visit them to discuss the details of your tax preparation and ask any questions face to face in the event that something needs to be corrected. Consider Robert A. Woloshen, C.P.A. when you need a trusted accountant. Visit him online for more information at Rawcpa.com. Follow us on Google+! Be the first to like. Like...

Who is Your Payment Service Provider? Are You Getting All That You Can?...

Posted by , on Feb, 2017

Some business owners make a critical error by not reviewing periodically the performance of their payment service provider. It can be easy to fall into this complacent place where you just accept the cost of doing business with a payment service provider as “the cost of doing business” and not expecting more. it is vital that you audit your provider occasionally (every 6 months or so) to make sure that you are getting all that you can out of the service. The Report Card Setting up a report card system for your own records is a good way to stay on top of whether your service provider is still meeting your needs. A little comparison between providers can go a long way in revealing where your provider is lacking. The Problem When you first started your business, you may have chosen the service provider based on your immediate knowledge of how the services worked. Many businesses tend to choose: Their local bank The bank they do business with The first provider that contacted them While one of the above may have met your immediate need when your business was first launched, you likely have outgrown them substantially now. You may be: Overpaying for services Waiting longer than you need for processing Damaging your business credit with an overload of chargebacks The Solution NOT auditing the services that you are receiving periodically can be detrimental to your business. Paying more than you should for the services can get very costly over time. Waiting for the processing can also keep your business from growing. There are better ways to go about credit card processing. American Merchant is the better way. Do a comparison than switch to a better service. It is the better way to do business. Be the first to like. Like...

Top Three Questions About The New Housing Tax Rebate In Toronto, Ontario...

Posted by , on Jan, 2017

The Liberal government recently announced a new housing rebate available to first time home buyers in the Province of Ontario. The government hopes to boost the housing market in unstable areas of the province without risking the stability of others. Offering a new rebate on housing can often be the injection of relief the housing market needs, but the rules can be a bit confusing, especially for those not well versed in the area of real estate. In order to provide a bit of clarification, here are the answers to the top three questions about the new housing tax rebate in Toronto, Ontario. Question #1: When Does It Take Effect? The most frequently asked question is, unsurprisingly, when does the rebate take effect. For many people active in the real estate market, including agents, buyers, lawyers and accountants, knowing when this new rebate will apply can have a major impact on the timing of offers and acceptances. The Liberal government has stated that the rebate will become effective for those homes purchased on or after January 1, 2017. The goal is to help first time home buyers attain ownership in that calendar year, hopefully boosting the market across Ontario. Question #2: Exactly How Much Is It? This housing tax rebate is in the form of a Land Transfer Tax rebate. This new housing rebate doubles the maximum about of the rebate available, from $2,000 to $4,000. In practice, this means that first time homebuyers who meet the other eligibility criteria, including age and residency restrictions, pay zero Land Transfer Tax on homes valued under $368,000. For homes priced above that amount, the Land Transfer Tax would only be payable on the amount over $368,000. It’s important to note that this new rebate is available in connection with other forms of government assistance for first time home buyers, including tax-free RRSP withdrawals and the first-time homebuyer’s tax credit. Question #3: What About My Rental Property? A question that has come up in connection with this new housing rebate deals with the taxation of apartment buildings in the province. In conjunction with the Land Transfer Tax announcement, the Liberal government also announced that there would be a temporary freeze on property tax associated with apartment buildings. The government hopes that this will help rental rates stabilize across the province, leading the way to home ownership for renters as well. To learn more about the new housing tax rebate in Toronto, Ontario contact The Taxperts Group. 1 person likes this post. Like...

Stuck Between Paydays and Need Extra Cash? Consider a Short-Term Loan...

Posted by , on Dec, 2016

Are you in a tight situation and need a little extra money? Perhaps, you realize that you do not have enough money in the bank to pay for all your monthly expenses. The last thing you want to do is rack up the costly fees for overdrawing your account or having to pay a bill collector additional money for a check that did not clear. When you need money between paychecks, you should consider instant payday loans. A check advance offers a solution for anyone that is eligible to acquire the cash they need immediately. Know You are Approved within a Few Minutes One of the greatest benefits of applying for instant payday loans is you do not have to wait several days to find out if you have been approved. You simply apply online providing a little information about yourself and your income to learn if you are eligible for a loan within a few minutes. Shortly after applying, you will receive an email informing you if you have been approved and what steps you will need to take next to secure your loan. Once everything is completed, you will find the money deposited in your checking account the same day or by the next business day. Why Should You Struggle When an Answer is Available with an Online Short-Term Lender? When you are strapped for cash between paydays, you can find your answer by applying online with a trusted same day loan service. Short Term Loans supplies their qualifying clients with a way to obtain fast money to help make ends meet between pay periods. These temporary loans are designed to help with a brief financial problem a person may be experiencing. You do not have to stress over paying an unforeseen expense when a lender can provide a solution for you. 2 people like this post. Like...

How Currency Exchange Rates Are Determine In Franklin Park...

Posted by , on Nov, 2016

Exchanging money has been done for decades because people who travel to foreign countries may feel better using foreign money rather than traveler’s checks. Likewise, it can be easier to change money in America and then take it with you to the other country. While some people wonder why currency exchange rates are necessary at all in Franklin Park, they do play an important role in the country’s trade level. Every free market economy needs a level of trade, which is why these rates are closely watched and analyzed. Likewise, they can impact the return for an investor and help support that economy. What It Does The more the money is worth, the more expensive the exports will be and the imports will be cheaper. That means that when a country ships items to other countries, they make more money and the things they bring into their country are cheaper for them. Higher rates can lower their balance of trade, while lower rates increase it. Factors That Matter When considering exchange rates in Franklin Park, there are a variety of factors that play a part. For example, inflation, interest rates, account deficits, governmental/country debt and more can all play a part. What It Means For You When you visit another country, even Canada, you have to pay the prices that they require. Many times, famous restaurants and retail shops will charge more than they do in America because they import those items. However, the American dollar may be more or less than the Canadian dollar (or the Pound, Peso, Euro, etc.). Therefore, your American dollar may not be enough to buy something in another country, which is why you can change your money to foreign money. Currency exchange in Franklin Park is an important aspect of business in foreign countries. Visit West Suburban Currency Exchanges, Inc. online at www.wsce.com/location/grand-plaza-currency-exchange for more information. 2 people like this post. Like...

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