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If you think you may not have the ability to generate cost on time, you really need to express it towards the bank therefore the guy doesn’t costs a penalty. A good credit score helps you to save on hassle and you can large can cost you, which means you has to take every step to evolve your credit rating. Sure, this new networking sites i examined provide signature loans getting less than perfect credit scores. They think one to you ought not remain at the rear of impact undesired. Hence, he’s got prolonged properties in order to less than perfect credit rating owners. Providing a consumer loan is not difficult if you choose best industries. You can trust Currency Shared to acquire a personal loan easily. The brand new network have a quick and simple application processes, a person-amicable interface, and you may a wide range of loan providers. This type of products always rapidly rating linked to a loan provider and get financing to meet up with your financial difficulties. MoneyMutual also provides timely customer service to reach out on them each time there clearly was an aggravation. That ends up the breakdown of unsecured unsecured loans Moreover, MoneyMutual’s webpages enables you to examine interest levels regarding additional loan providers, so you’re able to find the one that serves the wallet. Finally, the working platform spends large-prevent cover so you can secure your details. Therefore, was MoneyMutual and take the break you’ve got always dreamt off! Should you ever end within the a difficult monetary destination, we recommend that your make an application for a loan using one out-of this new systems provided within record. Predicated on our very own comprehensive lookup, they are most useful and more than legitimate platforms in the monetary industry now. Currency Common welcomes the job even though you need financing getting family recovery otherwise a secondary trip to this new northern All platform provides an intensive system regarding legitimate consumer loan loan providers that constantly willing to let members of necessity of money. For many who apply to him or her, you will get the cash deposited on the checking account within 1 day. This might be a whole lot more glamorous to own consumers than waiting for occasions at a stretch from inside the lines in the its banking institutions. Thank goodness that you could sign up for financing to own many and varied reasons. Thus, you don’t need to an enormous reason to locate eligible to an excellent mortgage. To track down approved for a loan, you should also have a flowing family savings at bank. This might be a requirement as the bank have a tendency to individually put money to your account. You might choose the automated payment program to end penalties with the late money. Moreover, brand new automatic fees will save you the minimum credit rating off deteriorating. So, you could potentially get this one and start to become be concerned-free. The web application requests your own title, current email address, home, SSN, money, and you will financial info. Definitely have this details about hands to keep go out. When you fill out the proper execution, you have to waiting till your own consult gets accepted. Once your software is recognized and you will linked to a lender, you can opinion new lender’s mortgage terms, Annual percentage rate, and you will limitations. For folks who take on the mortgage offer, the lending company will import financing for your requirements in a single team big date. The good area is the fact all this is done electronically, so that you don’t have to make hard physical work to track down financing on your own account. I examined each platform’s quantity of defense. Privacy and you may protection are very important as they shield their banking information, online payday advance Celina occupations pointers, and private suggestions. New quick solution to improve your credit rating is through while making punctual repayments. You really need to prevent to make late money otherwise taking on punishment that may deteriorate your own rating. Furthermore, you should also pay-off financial obligation on correct time so you can sense an increase in your credit rating.
Land up for sale Koh Samui is readily available in numerous places, each along with its personal special components. It is essential to locate the right site for your venture. Elements like the dimension of the home, its closeness to the water, as well as building materials need to be thought about. Land auctions Koh Samui While direct property possession for foreigners is actually restricted, there are various other legal avenues to seek. These consist of leasehold and also Thai Limited provider structures. This Koh Samui land area up for sale in an unique beachfront place is a haven of exotic luxury as well as awesome scenes. Along with postcard worthy views and also straight access to the sea, this West dealing with beachfront home is actually the suitable location for your luxury property advancement. Situated in Plai Laem, this spacious sea viewpoint land available for sale Koh Samui provides the independence to concept and build your best home – a sunshine smooched paradise that wonderfully records the island atmospheres of Koh Samui. Along with charitable property dimension, you can develop a marvelous home with available plan living rooms that open to the crisp blue waters of the Basin of Thailand. Property management Nestled in the north of Koh Samui, this immaculate shoreline property is actually a covert gem. Along with a peaceful environment and tranquility far eliminated from the talk of Chaweng, this is actually the location to choose those finding tranquility and personal privacy. Here you can locate old Thai homes that whisper stories of times gone through as well as modern-day refuges assuring unmatched luxury. Maenam is actually a loved ones’s haven. With soft surges washing the coast, recreation spaces echoing with chuckling, and a tight-knit area feeling, this is actually an area where households thrive. Right here you’ll discover a mixture of picturesque Thai homes, beachfront bistros, as well as present day sanctuaries. An excellent isle shining like a gem in the turquoise waters of the Bay of Thailand, Ko Samui has long been actually a goal destination for vacationers. Right now it’s making surges in the real estate scene as homebuyers seek to revel in the island way of life at its finest. But what performs it need to possess your quite personal slice of haven on this isle jewel? Whether you are actually a first-time buyer or a skilled financier, this Koh Samui land available for sale makes certain to please. This ocean perspective plot is actually ideally placed in among the island’s finest regions, as well as provides unobstructed ocean scenery from its hilltop location. Its own roomy style and thoughtful concept ensure a truly remarkable living adventure. Housing market Along with a sensational coastline, this property available likewise includes a wide array of exotic trees and hedges. It’s the ideal option for a private property or luxury beachfront advancement. The vacation home programs featured along with the property supply a stable of choices to satisfy every flavor as well as spending plan, coming from open principle styles to stylish master collections total along with exterior day spa showers. This Koh Samui beach main land offer for sale lies in the popular Choeng Mon region as well as includes straight access to the white sandy beaches and very clear blue waters of Lamai. The property is actually split right into 2 rai as well as has sea viewpoints on both sides of the residential property. It is found near Na Mueang elephant hiking as well as Bang Sao Band waterfall. The cost of land to buy in Koh Samui differs relying on area as well as dimension. Nonetheless, there are actually some factors to look at when determining your budget plan, featuring servicing fees as well as real estate tax. In add-on, Koh Samui is a remote isle, thus you might need to spend for routine transport costs to and also from the landmass. Taking these aspects right into account may aid you locate the perfect part of haven to call home. Seaview property up for sale in Value Por, Koh Samui Found on the west shoreline of Koh Samui, this beachfront land piece is actually perfect for your desire task. Featuring postcard worthwhile panoramas, the beachfront home will certainly offer the best in luxurious lifestyle. This is actually an one-of-a-kind opportunity to develop a heavenly luxurious suite with magnificent perspectives across the Bay of Thailand. This large sea sight plot in the Santikhiri property is positioned at southerly Koh Samui tropical hillside delivering an excellent view to the Gulf of Thailand. It is a gorgeous secret plan with an assortment of local area trees and also flora and also agrees with for developing a high-end deluxe manor. The gorgeous isle of Koh Samui is actually home to beautiful beaches, forest gardens, as well as high-end resorts. Along with its emerald coastline and also vibrant culture, the isle has actually become a well-known location for visitors and retired people alike. Over the last few years, the isle has also created surges in the property market. Along with its economical rates and also flourishing economic condition, the island is actually a superb selection for anyone trying to purchase a property. As Thailand’s building market boomed, foreign property creators made use of a collection of methods to prevent Thai law as well as experience actual estate bonanzas. These approaches consisted of getting large lots of land and also separating them right into much smaller plots up for sale. Moreover, many international clients obtained property directly coming from natives, bypassing the lawful method of obtaining a permit for the home. This is why it is actually essential to interact the services of a professional surveyor and also attorney when getting through procedures for acquiring Koh Samui property. This are going to guarantee that the limits of the home are accurately defined and avoid prospective disputes in the future. It will certainly additionally make sure that utility companies are adequately moved in to the label of the brand-new owner. Although immigrants are actually not enabled to obtain freehold land in Thailand, they can easily get residences along with straight possession or even with a leasehold framework for up to 30 years. This enables all of them to preserve a long-term way of living on the island and is a risk-free assets choice. As the demand for high-end vacation homes raised, programmers sought out less popular beachfront land and sloping land near Chaweng. These pieces are more economical than the greater beachfront property, and possess incredible sea perspectives. Nonetheless, it is actually essential to conduct due persistance prior to obtaining Samui land available, as the country uses distinct classifications as well as building/environmental guidelines that represent the type, dimension, and also style of buildings that may be designed on a given tract of land.
Home auctions are one option for banks and homeowners seeking to sell a home fast and for a fantastic price. While home auctions are often earmarked for foreclosure properties, an auction is also an option for homeowners who have an abnormal or eccentric home to market. Houses that go to auction provide several benefits over traditional sales. Fair Market Value One of the biggest advantages of a home going to auction is that the high likelihood it will market for its reasonable market value. This happens when buyers compete to place the winning bid, forcing the cost of a home to the highest price buyers are prepared to pay and the lowest price a seller is prepared to accept. This benefits both sellers and buyers, who can use the auction procedure for a gauge of the home’s value. Sellers do not need to research the fair market value before setting a sale price, and buyers can set their own prices independently without worrying about coming far below, or over, a listed price. Buyers who wish to bid on a home at a home auction must register with the real estate company overseeing the auction. This allows the real estate company to preapprove buyers according to creditworthiness. When it is time to bid, just preapproved buyers can take part, plus they know beforehand the seller’s reserve price. This guarantees that a buyer will have the ability to earn the purchase and stands as a significant advantage over traditional home sales, where waiting for a buyer to be accepted can take extra time and create a sale to fall through at the last minute. Auctions are much faster than most traditional home sales. Sellers can schedule a date and know exactly when the home will sell. This can be useful in scheduling a move or making other programs that require financial obligations. The speed of a home auction cuts down on the expense of selling a home, since there’s less work to get a real estate agent to perform by promoting the house, holding open houses and administering showings. Homeowners also save by cutting down on maintenance costs while the home is on the market. Home auctions offer an option for homeowners who have a home that would be tough to sell or worth on the open marketplace. This is especially true for homes offering some sort of unique feature or unconventional features which may interest a particular group of buyers but be tricky to describe to others. Even for homeowners who wind up selling a home in a more conventional way, auctions offer an option for contrast purposes.
Create a Website Account - Manage notification subscriptions, save form progress and more. You should report the gross monthly income before deductions for all working family members. Wages or salaries, commissions, tips, piece-rate payment and cash bonuses earned must be reported. Overtime pay is estimated based on the person’s history of receiving this pay. If you have more than one job, make sure to report gross income from each of your employers. Other income that must be reported includes SSDI, alimony, taxable capital gains, rent income, income from estates, pensions, annuities, and retirement income. Ask a child care representative about any regular income you receive to see if it must be included in your gross monthly income. Show All Answers If there is a waiting list, children will be placed from the waiting list as space becomes available. All clients are required to notify their child care provider any time a child will be absent. The child care provider is required to report to Workforce Solutions Northeast Texas when a child is absent 5 consecutive days. (i.e. Monday - Friday; Wednesday, Thursday, Friday, Monday, Tuesday). The Provider will be paid based on the days of care you are authorized based on schedule and needs. Every time the child care provider reports your child(ren) absent will count against the total number of absences allowed within your 12-month period. Workforce Solutions Northeast Texas will pay the child care provider every other week for your child(ren)'s care. You will be required to pay a portion of your child care cost, called a parent share of cost, to the child care provider. This assures the provider will reserve a place for your child while he/she is absent. Children are allowed 40 absences within their 12-month eligibility period. You will be given a 12 month eligibility period. If your experience a permanent loss in work or training or your family income has exceed the 85% SMI, you will need to contact our office within 14 days of the change.
What is Goldfinch? Goldfinch expands access to capital in emerging markets where crypto can truly empower financial inclusion. How it works The protocol works by providing lines of credit to credit companies. These companies use their lines of credit to receive stable coins from the pool and then exchange them for fiat and set them on their local markets. In this way the protocol provides the usefulness of the cryptocurrency — in particular its global access to capital — while leaving the actual providing and servicing of loans to the enterprise that is best available to do in this way. Our mission is simple. We create a decentralized credit platform that increases access to financial services. We suppose that there is an enormous untouched crediting potential in the world. Nowadays it is expensive to be a bank and this fact reduces the range of available lenders. We create a platform that provides an opportunity for anyone to become a lender. We have three main stages of our development: 1. Build a “cryptocurrency loan fund” that makes autonomous income sources available and consolidated in DeFi. 2. Decentralize the network so that everyone can suggest or estimate loans, not just the Goldfinch team. 3. Support for smaller and smaller lenders so that everyone can be a lender through the protocol, even individual person This structure of the Goldfinch project isn’t much difficult but it has a great future. Why loans without collateral matter Total borrowing on cryptocurrency networks surpassed $ 4 billion last month, up from less than $ 200 million a year ago. But even this growth dramatically underestimates the true potential of DeFi. This is because all of this lending is overcollateralized. For every $ 1 someone borrows from these networks today, they must first invest ~ $ 1.50 in another asset they already own. Let’s go over the advantages of the project and the reasons why Goldfinch will be the new gold in the world of DeFi - Real-world impact Goldfinch expands access to capital in emerging markets where crypto can truly empower financial inclusion. - 10K+ borrowers and growing The protocol is already serving thousands of borrowers across India, Mexico, Nigeria, and Southeast Asia. - Stable 10%+ yield High-quality borrowers provide expected 10–14% APY from real-world activity uncorrelated with crypto. Liquidity Providers supply the capital to the Senior Pool. The protocol automatically allocates the Senior Pool to the senior tranches of Borrower Pools. Borrowers offer pools (with terms such as interest rate) for the Backers evaluation Backers supply capital to the junior tranches of Borrower Pools. Governance is managed by a community DAO and has the ability to perform maintenance functions and parameter adjustments via decentralized governance votes, including: ● Upgrading contracts ● Changing protocol configurations and parameters ● Selecting Unique Entity Check providers ● Setting the rewards and distribution of GFI ● Pausing protocol activity in the event of an emergency. The Leverage Model determines how much capital the Senior Pool allocates toward each Borrower Pool, based on how much it “trusts” each Borrower Pool. Trust Through Consensus In order to determine how to allocate capital from the Senior Pool, the protocol uses a principle of “trust through consensus.” This means that while the protocol doesn’t trust any individual Backer or Auditor, it does trust the collective actions of many of them. At a high level: when more Backers supply to a given Borrower Pool, the Senior Pool increases the ratio with which it adds leverage. Because this approach relies on counting individual Backers, the protocol must ensure they are in fact represented by different people. Therefore, all Backers, Borrowers, and Auditors require a “unique entity check” to participate (see the Unique Entity Check section). Phase 1: Credit Fund on Crypto The current version of the Goldfinch protocol operates like a credit fund, except on crypto. To start, we’re serving as the first underwriter evaluating lending businesses and setting the terms. This takes the critical step of making this real-world source of yield available on chain and composable with the rest of DeFi. Phase 2: Decentralized Underwriter Network The protocol will enable anyone to underwrite. Underwriters will be able to assess businesses and stake junior debt capital on them. In return for doing this work, they’ll receive higher yields via commissions from passive senior debt investors. This will allow the protocol to scale the underwriting process and onboard new lending businesses entirely through the community. Phase 3: Long Tail of Lenders The protocol will support smaller and smaller lenders who don’t already have loan servicing infrastructure to the point where anyone can make loans, even individuals. The protocol will do this by bringing end-user loans on chain, providing self-serve lender tools, and building upon a vibrant underwriter marketplace.
If you have heard problematic claims made about my character, please feel free to email me about it (ccrynjohannnsen AT gmail DOT com) and avoid feeding the trolls. A reader made this incorrect statement today (see the comments): No 'solutions' are needed as there is no problem. Do not borrow money that you cannot repay. If you do borrow money, pay it back per the agreed loan terms or bear the consequences. [Note that no change in bankruptcy laws is remotely possible with Republicans in charge of the House of Reps and 60 votes needed to overcome Senate filibusters. That said, those who wish to spin their wheels trying are obviously free to do so.]When I first began researching and writing about the student loan debt crisis, I had readers say this all the time. Frankly, I'm surprised to see it again, because things have (a) gotten so much worse and (b) our hard work is getting noticed by major media outlets (I now write for several of them, including USA Today). Since I am an educator, I think this reader needs to be educated on the topic. Here's my response:
\|Real Estate Agent \|Real Estate Agent, Mobile Notary Public \|location_on Lawrenceville, GA — Drake Realty, Inc. \|insert_link Solomon Greene, Drake Realty, Inc. \|web Home Buying and Selling Tips, and Homes for Sale Shop FMLS GA and Georgia Multiple Listing Services for the same homes for sale in Gwinnett County, GA without registering, or calls being recorded. Call real estate agent Solomon Greene to learn how others have completed their house sale transactions, selling their houses as is fast, and often above list price to a cash home buyer who made a cash offer for their home, and hear how their real estate sold for far more than those who sold directly to an investor. Looking to Buy a House? Home buyers who work with me as their local real estate buying agent gain insight into the local zero-down mortgage information, the dining, shopping, recreation, and other lifestyle amenities near each of the public schools in Gwinnett County, and more. Want to live near TRADER JOE's, easy transit into Downtown Atlanta, Georgia, or an aquatic center? When you're looking to buy a house in Gwinnett County, GA, apply my knowledge of the area as a long-term associate real estate broker and resident since 2005 in your home search. I'll proudly show you the homes for sale in Buford, Dacula, Duluth, Grayson, Lilburn, and Loganville, GA, and houses for sale in Lawrenceville, and Norcross, GA. Notary Signing Agent When the time comes to consider making or selling your home in Gwinnett County, Georgia with greater assurance and privacy, please call Associate Broker of Real Estate, Solomon Greene, to find the ideal lifestyle match, or sell your house as-is fast and get a cash offer for your home. Meet Solomon Greene, Drake Realty, Inc. Browse Homes for Sale in Gwinnett County, GA in the Georgia Multiple Listing Services with privacy. Call real estate agent Solomon Greene about a house sale, selling your home as is fast, and more.
If you have recently been charged with insurance fraud in Illinois, it helps to know the most common types of fraud the Illinois court system handles. In this post, we will detail fraud charges for you and let you know how to get help. Kinds of Insurance Fraud You Can Be Charged with in Illinois Insurance companies lose $80 billion every year due to fraudulent insurance claims. That’s why law enforcement officials are looking for those who commit the most common types of insurance fraud. Here’s a list for you. Vehicle Insurance Fraud This type of fraud often occurs with vehicle accidents. The owner’s car may have gotten scratched or damaged in an accident. He or she reports the damage to his insurance company and collects the payment but never fixes the vehicle. Another type of fraud is hiding the vehicle and collecting money as if the vehicle was stolen. Sometimes people will even stage a car accident to commit fraud. Several people may be involved in the fraud, or simply the driver. At other times, insurance adjusters are in on the fraud. Bottom line? Anyone who reports damage that wasn’t truly an accident or inflates vehicle value could be charged with insurance fraud. Health Insurance Fraud Health care providers are sometimes involved in health insurance fraud. They may overbill for a provided service or bill for a service that was never performed. Patients are not necessarily aware of the fraud because it is not reflected in their billing. Another way health care providers commit fraud is by ordering tests that are not medically necessary. Additional testing is how some health care providers get more money from insurance companies. Home Insurance Fraud Staged acts in residences are a typical form of home insurance fraud. An owner may stage an act of vandalism, a water leak, a fire, or other damage to collect insurance payments. Some homeowners list valuable items on their policy, then destroy the items to collect money. If the owner possesses an abandoned home, arson is a common way to collect insurance payouts. When an owner cannot make payments on a home or cannot find renters, fire is sometimes used as a solution. Renter’s Insurance Fraud When people rent, they can purchase renter’s insurance to protect their belongings. Then, when they decide to move, they may sell or destroy their belongings to collect insurance payments. Natural Disaster Fraud Natural disasters like major storms create the opportunity for some people to commit insurance fraud. Perhaps the homeowner experienced damage to his or her home, yet inflates the numbers on the claim. He or she may make a false report and take advantage of an insurance company at a time of crisis. Any way this occurs, it may be considered a crime in the state of Illinois. In rare cases, a person will fake death to allow a beneficiary to collect life insurance benefits. When the beneficiary flees, the insurance company knows they have been defrauded. Legal Assistance for Illinois Insurance Fraud Charges A conviction for insurance fraud will result in stiff penalties. That’s why you need an experienced Illinois criminal defense attorney to fight your charges. We will advise you on the best defense to use. With our help, you may be able to get your charges reduced or dropped. Call us today for a free case review. About the Author Sami Azhari has been working as a lawyer since 2007, after receiving his Juris Doctor from the Michigan State University College of Law. He has handled numerous state and federal cases, and is known throughout the Chicago and Rolling Meadows area for providing his clients with high-quality, skilled representation. He has been recognized by SuperLawyers, the National Trial Lawyers Association, and other notable organizations, and has spoken at a number of legal conferences.
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What is the difference between Conversion and Portability of Life Insurance? GU provides all full-time benefit eligible employees with a $30,000 basic group term life insurance policy* at no charge to the employee. If you leave employment, you would have 31 days to convert this policy to a whole life policy*. If your employment is terminated at GU and you desire to convert the $30,000 basic term life insurance coverage to a whole life policy, you must complete and submit the attached Conversion Application within 31 days of the date of termination. When you convert a term policy to a whole life policy, initially the premium is higher, but will never increase and as long as you are making your payments, the policy cannot be canceled by the carrier. More information on life insurance conversion can be found on the attached Conversion Brochure. If you are carrying Voluntary Employee Life insurance & AD&D, Voluntary Spousal Life & AD&D and/or Voluntary Child(ren) life insurance through GU that you are personally paying for (by payroll deductions) and your employment terminates, but you would like to continue your voluntary life coverages, you would have two different options available to you. You could convert as described above or choose portability. Portability is to continue with the policy in its current form (term), knowing that there will be premium increases based on the age banded rates and that the benefit amount will decrease by 35% at age 70 and an additional 15% at age 75. If you choose to port your voluntary life benefits, you need to complete the attached Portability Application within 31 days of employment termination. Term Life Insurance - a life insurance policy that is bought for a specific amount of time (10, 15, 20, 25 or 30 years). There premium will reflect a guaranteed amount that will be paid in the event that you die before the policy expires. **Whole Life Policy - Is the type of life insurance that remains in effect for as long as you life, provided the premiums are kept up to date. In addition to the payout value, whole life policies include a cash value account that can be used by the policyholder even while the insured person is still living.
No Results Found Your search - "Bradbury, Ray, -- 1920-2012 -- Criticism and interpretation" - did not match any resources. Didn't find what you want? Here are some alternative spellings that you can try. In Interlibrary Loan Didn't find what you need? Items not owned by Orem Public Library can be requested from other Interlibrary Loan libraries to be delivered to your local library for pickup. NOTE: WILL REQUIRE A POSTAGE FEE Didn't find it? Can't find what you are looking for? Suggest a purchase
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What are Prepaid Expenses? Prepaid Expenses represent all the payments made for expenses not immediately recognized on the income statement. Common examples of prepaid expenses include prepaid rent, insurance and interest. Prepaid expenses represent cash that has been paid out, as opposed to other current assets, such as receivables, where cash is expected to be received. What do Prepaid Expenses include? - Any prepaid expenses arising from ordinary business courses, - Prepaid insurance; - Prepaid rent; and - Prepaid taxes.
FTX Could Soon Purchase Stake in BlockFi: Report The deal would follow a $250 million credit line announced earlier this week. - Crypto exchange FTX is in talks to purchase stake in BlockFi, according to reports from the Wall Street Journal today. - BlockFi received a $250 million line of credit from FTX earlier this week, suggesting the firm is in need of funding. - FTX and related companies have made other investments and acquisitions over the past several months. Share this article The popular crypto exchange FTX could soon purchase a stake in the lending firm BlockFi, according to the Wall Street Journal. FTX Is in Talks With BlockFi FTX and BlockFi are reportedly discussing the possibility of the former firm purchasing a stake in the latter. Insiders suggest that discussions between the two companies are ongoing. No final decision has been reached and the amount of money under discussion has not been disclosed. BlockFi secured a $250 million line of credit from FTX earlier this week. Zac Prince, CEO of BlockFi, stated that the loan would strengthen the firm’s balance sheet and platform strength. Despite Prince’s positive spin on the deal, BlockFi’s decision to seek out a loan seems to point to financial issues. Plus, the firm liquidated its position in Three Arrows Capital (3AC) and cut 20% of its workforce this month. Those events have collectively provoked rumors of low liquidity at BlockFi. As such, FTX’s possible decision to purchase a stake could provide BlockFi with much-needed funding. FTX Is Investing in Other Firms Sam Bankman-Fried, founder and CEO of FTX, has taken an interest in a number of other cryptocurrency companies. Alameda Research, also headed by Bankman-Fried, has acquired a stake in the Canadian crypto brokerage Voyager Digital. Additionally, Alameda extended a credit line of $200 million in cash and 15,000 BTC to Voyager this month. Those funds seem to be intended to help Voyager recover from a failed deal with Three Arrows Capital (3AC), to which it loaned that amount. Voyager claims that 3AC owed it $667 million. In other deals this year, Bankman-Fried invested in Robinhood, gaining 7.6% stake for $648.3 million. FTX acquired Bitvo this month, while FTX.US acquired Embed Financial. FTX appears to be in a strong position. CoinGecko ranks FTX as the second-largest fully trusted exchange, with $2 billion in trading volume over the past 24 hours. Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other cryptocurrencies.
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This site is supported by our readers. We may earn a commission, at no cost to you, if you purchase through links. Feeling trapped by your mortgage? Wondering if there’s a way to walk away without causing financial ruin? You’re not alone. Assessing the financial impact and exploring options for walking away from a mortgage can be daunting, but it’s crucial to make informed decisions. In this article, we’ll delve into the various factors you need to consider before taking such a step. From understanding the consequences of walking away to exploring alternatives like short sales or voluntary foreclosure, we’ve got you covered on your journey towards liberation and empowerment in dealing with your mortgage situation. Table Of Contents - Key Takeaways - Is Walking Away From a Mortgage the Right Choice? - Assessing the Financial Impact of Walking Away - Exploring Options for Walking Away From a Mortgage - Understanding the Consequences of Walking Away - The Difference Between Non-Recourse and Recourse Loans - Factors to Consider Before Walking Away - Communicating With Your Lender About Walking Away - Frequently Asked Questions (FAQs) - What are the potential consequences of walking away from a mortgage? - How does the type of loan (non-recourse or recourse) affect the lender’s ability to pursue the borrower for remaining debt? - What factors should be considered before making the decision to walk away from a mortgage? - Are there alternatives to walking away from a mortgage if facing foreclosure? - How should borrowers communicate with their lenders when considering walking away from a mortgage? - Negative impact on credit score - Potential loss from selling the home - Possibility of being sued by the lender - Consider state laws and lender rights Is Walking Away From a Mortgage the Right Choice? Deciding whether or not to walk away from a mortgage can be a difficult decision that you, as the homeowner, need to carefully consider. It’s important to understand the potential consequences of walking away and weigh them against your current situation. One major consideration is the impact on your credit score. Walking away from a mortgage can significantly lower your credit score and make it harder for you to obtain future loans or secure favorable interest rates. Additionally, recovering lost home value takes time, so you’ll need to assess how long it may take for your property’s value to increase again if you choose not sell at a loss through foreclosure or bankruptcy proceedings. Before making any decisions, explore alternatives such as loan modifications or seeking assistance from HUD-approved housing counselors who can provide guidance specific to state laws and lender rights in order for you make an informed choice about what’s best for your financial well-being. Assessing the Financial Impact of Walking Away When considering walking away from a mortgage, it’s crucial to assess the financial impact. One important factor to consider is calculating the cost of rent compared to the cost of your current mortgage payment. Additionally, determining how long it will take for your home’s value to recover can help you make an informed decision. By carefully evaluating these aspects, you can better understand the potential financial consequences of walking away from your mortgage. Calculating the Cost of Rent Vs. Mortgage To assess the financial impact of walking away from a mortgage, calculate the cost of renting compared to your current mortgage payment. Consider factors such as: - Closing costs vs. moving costs - Rent vs. mortgage payment - Lost home value vs. rent increase Additionally, take into account the time it would take to recover lost home value if you choose to walk away from your mortgage. Understanding these calculations is crucial in making an informed decision about walking away from a mortgage loan. Determining the Time to Recover Lost Home Value To determine the time it will take for your home to recover its lost value, you need to consider various factors and make informed calculations. Take into account: - Regional home value trends - The impact of inflation - Rising interest rates - Past housing market crashes Additionally, assess how personal financial circumstances may affect the recovery timeline. By analyzing these elements carefully, you can gain a clearer understanding of when your property’s value may rebound. \|Regional Home Value Trends \|Reflects local real estate market conditions \|Impact of Inflation \|Can increase or decrease property values over time \|Impact of Rising Interest Rates \|May negatively influence buyer demand and affordability Exploring Options for Walking Away From a Mortgage When considering walking away from a mortgage, you have several options to explore. One option is a short sale, where the property is sold for less than the amount due on the mortgage and proceeds go to the lender. Another option is voluntary foreclosure, where you willingly turn over your property to the lender and no longer need to make mortgage payments. The final option is involuntary foreclosure initiated by the lender for non-payment, resulting in eviction from your home. Each of these options has its own implications and consequences that should be carefully considered before making a decision. Now let’s explore a potential option for walking away from your mortgage: have you considered a short sale? A short sale occurs when you sell your property for less than the amount due on the mortgage. The net proceeds from the sale go to the lender, and they may forgive or pursue payment of the difference. Keep in mind that not all lenders agree to a short sale, but if they do, it can provide an alternative to foreclosure. If you’re considering walking away from your mortgage, another option to explore is voluntary foreclosure. While it will have a negative impact on your credit score, you won’t be required to make any additional payments on the mortgage. However, before making this decision, it’s important to understand state laws and lender rights, as well as consider alternatives such as reverse mortgages or cash-out refinancing. Timing of the decision and legal implications should also be carefully considered. If you find yourself unable to make your mortgage payments and facing the possibility of involuntary foreclosure, it’s important to understand your options for walking away from a mortgage. Involuntary foreclosure occurs when the lender initiates legal proceedings due to non-payment. The impact on your credit score can be significant, and state laws may influence the process. It’s crucial to consider alternatives before resorting to involuntary foreclosure, such as a short sale or voluntary foreclosure. Understanding the rights of lenders is key in navigating this challenging situation. Understanding the Consequences of Walking Away If you choose to walk away from a mortgage, it’s important to understand the consequences. Walking away will have a negative impact on your credit score and could make you ineligible for federal PLUS loans for up to five years. Additionally, if your home sells for less than the amount owed on the mortgage, you may be responsible for paying the difference. Finally, there’s also a possibility of being sued by the lender in order to recover the money owed. Credit Score Impact How does walking away from a mortgage impact your credit score? Walking away from a mortgage can have severe consequences for your credit score. A default on your mortgage will stay on your credit report for up to seven years, negatively affecting future credit scores and making it difficult to obtain other loans. Additionally, the impact on your ability to rent may hinder finding suitable housing options. It’s crucial to consider the long-lasting effects before making this decision. Eligibility for Federal PLUS Loans You may lose your eligibility for federal PLUS loans if you walk away from a mortgage. - Time Frame for Eligibility: If you default on your mortgage, it can impact your eligibility for federal PLUS loans for the next five years. - Impact on Other Federal Loans: Walking away from a mortgage can also affect other federal loans that you may be eligible for, potentially limiting your access to financial assistance. - Impact on Future Homeownership: Walking away from a mortgage could make it more difficult to qualify for future home purchases due to the negative impact on credit and potential loss of assets. Potential Loss From Selling the Home Selling your home after walking away from a mortgage can result in a potential loss of funds. The impact of walking away includes: - The time it takes to recover lost value - Tax implications - Credit score consequences After walking away, you have options such as: - Short sales - Voluntary foreclosure However, it’s important to be aware of the legal ramifications and potential financial repercussions before making any decisions regarding your mortgage. Possibility of Being Sued by the Lender If you walk away from your mortgage, there’s a possibility that the lender may sue you to recover the money owed. The lender may pursue legal action against you and seek judgment for the outstanding debt. - Wage garnishment - Collection agencies coming after your assets It’s crucial to consider all aspects before making any decisions, including consulting with professionals about bankruptcy and understanding tax implications related to walking away from a mortgage loan. - Statute of limitations - Collection agencies - Wage garnishment - Tax implications The Difference Between Non-Recourse and Recourse Loans When considering the consequences of walking away from a mortgage, it’s important to understand the difference between non-recourse and recourse loans. Here are some key points to consider: - Non-recourse states: Some states allow non-recourse loans, meaning that if you walk away from your mortgage, the lender can’t come after you for any remaining debt. - Recourse states: Other states allow recourse loans, which means that if you walk away from your mortgage, the lender can pursue both the property and yourself for any outstanding debt. - Difference between non-recourse and recourse states: The main distinction lies in whether or not lenders have legal rights to collect on remaining debts after foreclosure. -Consequences of walking away from a non-recourse loan: If you’re in a state that allows non-recourse loans and choose to walk away, you may be able to avoid personal liability for any deficiency balance but could still face credit score damage. -Consequences of walking way form a recourse loan : In contrast , choosing defaulting ona recouse loancould result not onlyincreditt score harmbut also potential legal actionsfromthelenderto recovertheoutstandingdebt. Understanding these differences will help inform your decision-making process when evaluating whether or not walking away is right for your specific situation. Factors to Consider Before Walking Away Before making the decision to walk away from your mortgage, there are several factors you should carefully consider. First, familiarize yourself with the state laws and lender rights in your location as they can vary significantly. Additionally, determine whether your loan is a non-recourse or recourse loan, as this will have implications for potential legal actions by the lender. Next, assess your personal financial situation and explore alternatives such as loan modifications or refinancing before resorting to walking away. Finally, evaluate the future value of your home and weigh it against current market conditions to make an informed decision about whether walking away is financially viable in the long run. State Laws and Lender Rights Consider the state laws and lender rights before making a decision about walking away from your mortgage. It’s crucial to understand the consequences of not paying and the legal ramifications involved. State laws vary, so it’s important to know your rights as well as your lender’s rights in order to make an informed choice. Understanding state laws can help you navigate potential liabilities and protect yourself throughout this process of liberation. Type of Loan (Non-Recourse Vs. Recourse) Before deciding to walk away from your mortgage, it’s crucial to understand the type of loan you have and whether it falls under non-recourse or recourse. Non-recourse loans only allow the lender to go after the property used as collateral, while recourse loans give them the ability to pursue both the property and borrower for any remaining debt. Knowing this distinction is essential in considering state laws, lender rights, consequences on credit score, and available alternatives such as loan modification or options like short sale, deed in lieu of foreclosure. Personal Financial Situation Assess your own personal financial situation before making a decision about walking away from your mortgage. Consider the potential financial impact, such as damage to your credit score and eligibility for loans. Explore alternatives like loan modifications or refinancing. Evaluate the current value of your home and its future prospects. Take into account state laws and lender rights that may affect the process. If needed, seek legal advice from a real estate lawyer to better understand your options in this complex situation. Future Home Value If you’re contemplating walking away from your mortgage, it’s important to take into account the potential future value of your home. - Time to recover lost value: Evaluate how long it may take for the housing market to rebound and for your property’s value to increase. - Impact of inflation: Assess how inflation rates can affect the future worth of your home. - Impact of interest rates: Understand how fluctuations in interest rates can impact the overall housing market and potentially influence the appreciation or depreciation of your property. - Impact of recession/job loss: Recognize that economic downturns or job losses can have an adverse effect on both individual properties and real estate markets as a whole. Communicating With Your Lender About Walking Away When considering walking away from a mortgage, it’s crucial to seek legal advice from a real estate attorney who specializes in this area. They can provide guidance on your rights and options, as well as represent you in negotiations with your lender. It’s also important to share your mortgage contracts with the lender during these discussions so that they understand your rights and obligations. Finally, be prepared to negotiate alternatives to foreclosure with your lender, as they may be willing to work out a solution that doesn’t involve walking away from the mortgage. Seeking Legal Advice When considering walking away from your mortgage, it’s crucial to seek legal advice before communicating with your lender. Consulting with a real estate attorney or mortgage default advisor can provide you with valuable insights into the pros and cons of seeking legal advice. They can help you understand the cost of legal advice and guide you through finding a lawyer who specializes in handling mortgage-related matters. Not getting proper legal advice could expose you to potential risks, making it essential to weigh the benefits of seeking professional guidance. Sharing Mortgage Contracts Before discussing your options with your lender about walking away from a mortgage, it’s important to share your mortgage contracts. By sharing these contracts, you ensure that both parties are aware of their rights and obligations. This communication is crucial in understanding the legal consequences and potential impact on future home value. It also allows for an open dialogue where homeowner rights can be protected while addressing any concerns or questions regarding the process of walking away from a mortgage loan. Negotiating Alternatives to Foreclosure When negotiating alternatives to foreclosure, it’s important to communicate with your lender about walking away from your mortgage. Discussing options such as a short sale or deed in lieu can help you navigate the process and understand the costs involved. Timing is crucial when considering a short sale, so be sure to discuss this aspect with your lender as well. Effective negotiation strategies and understanding the legal implications are key factors in exploring alternatives to foreclosure. Frequently Asked Questions (FAQs) What are the potential consequences of walking away from a mortgage? Walking away from a mortgage can have serious consequences. Your credit score will be negatively impacted, making it harder to secure loans in the future. You may also face legal action and the possibility of having to sell your home at a loss. How does the type of loan (non-recourse or recourse) affect the lender’s ability to pursue the borrower for remaining debt? When it comes to walking away from a mortgage, the type of loan you have matters. With a non-recourse loan, the lender can only go after the property used as collateral. But with a recourse loan, they can pursue both the property and borrower for remaining debt. What factors should be considered before making the decision to walk away from a mortgage? Before walking away from a mortgage, consider factors such as: - The state you live in. - The type of loan (non-recourse or recourse). - Your financial situation. - The future home value. Seek advice from professionals to make an informed decision. Are there alternatives to walking away from a mortgage if facing foreclosure? If facing foreclosure, alternatives to walking away from a mortgage include: - Selling the house for less than the loan balance (short sale) - Signing a deed in lieu of foreclosure - Filing for bankruptcy Seek professional guidance before making any decisions. How should borrowers communicate with their lenders when considering walking away from a mortgage? When considering walking away from a mortgage, communicate with your lender by consulting a real estate attorney who can represent you in negotiations. Show them your mortgage contracts and be prepared to negotiate for the best possible solution. In your quest for liberation from your mortgage, it’s crucial to assess the financial impact and explore your options before walking away. Understanding the difference between non-recourse and recourse loans, as well as communicating with your lender, can also make a difference. Make informed decisions and seek professional advice to navigate this challenging situation. Consider factors like: - The cost of rent versus your mortgage - The time it takes to recover lost home value - The consequences of walking away, such as credit score impact and potential lawsuits
The State Bank of Pakistan (SBP) has announced an incentive policy for business to prevent excessive layoffs during this period of lockdown. According to experts layoffs at this time will not only increase unemployment substantially but will also prevent industries and companies to perform at their maximum capacity after the lockdown is over. According to the scheme offered by SBP borrowers that are on the active taxpayers list, will be able to get loans at a further reduced mark-up rate of 4 percent. SBP will provide refinance to Participating Financial Institutions (PFIs) at service charges of 1 percent per annum for financing to SME clients, allowing PFIs to charge maximum spread of 4 percent per annum. For financing to corporate and commercial borrowers, SBP will provide refinance to PFIs at service charges of 2 percent per annum, allowing PFIs to charge maximum spread of 3 percent per annum. The borrowers that are on active taxpayers’ list under the Income Tax Ordinance, 2001 would be eligible for 1 percent per annum and will get financing at 4 percent. The subsidy on their mark-up rate will be deducted from SBP’s rate of refinance/ service charges. This scheme is more focused on small businesses because companies with a 3 month wage and salary expense of up to Rs. 200 million will be able to avail the full amount (100 percent) of their expense in financing while those with a 3 month wage. Businesses with salary expanses more than Rs. 200 million and less than or equal to Rs. 500 million can get Rs. 200 million or 75 percent of 3 months wage bill, whichever is higher. In addition, salary expense of greater than Rs. 500 million will be able to avail up to 50 or Rs. 375 million of actual 3 months wage bill, whichever is higher.
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Apply for Buy on Trust: Fast, Flexible Leasing Discover how to apply for Buy on Trust and streamline your tech leasing with instant approval and flexible payment options. Experience easy processing and access to a vast range of top brands. Step into the future of electronics leasing with swift approvals and adaptable plans Do you want to learn how you can apply for Buy on Trust? It’s straightforward and caters to a diverse audience. Discover the ease of the application process right here. Curious about the details? Continue reading our comprehensive guide to understand the simple steps for a full application and take advantage of this opportunity. Firstly, to apply for Buy on Trust, visit their official website. Start by entering basic personal information like your name, address, email, and phone number. Next, you’ll need to verify your mobile number. After submitting your initial details, you’ll receive a text message with a confirmation link for verification. Following mobile verification, the next step involves financial details. You’ll be required to input your social security number and provide proof of income. Subsequently, ensure your checking account meets its criteria. It should be active for at least 90 days with no excessive overdrafts or negative balances. Finally, once all information is reviewed and approved, you’ll receive a credit decision. If approved, you can immediately start shopping with your credit line. You will be redirected to another website What are the requirements? - Initially, provide your name, address, email, and phone number on their website. - Next, verify your identity through a text message confirmation link. - Then, enter your social security number for financial verification. - Also, submit proof of consistent income for at least three months. - Ensure your checking account has been active for 90 days minimum. - Lastly, confirm your account is free from excessive overdrafts or negative balances. Apply on the app While Buy on Trust doesn’t offer a dedicated mobile app, this isn’t a barrier to applying. It’s important to note that their platform isn’t confined to traditional desktop access. Instead, the Buy on Trust website is fully mobile-responsive. This means you can easily apply using your smartphone or tablet, enjoying the same functionality as on a computer. Therefore, the absence of an app doesn’t hinder your ability to apply. With their mobile-optimized site, applying for Buy on Trust remains convenient and accessible. Compare Buy on Trust to other options: Electro Finance Buy on Trust seamlessly blends quick approval and a rich selection of brands for your tech leasing needs. Its services are an ideal choice to try before you buy. Meanwhile, Electro Finance offers an alternative path, providing a wide range of electronics with adaptable lease terms to suit different preferences. Additionally, Electro Finance distinguishes itself with user-friendly leasing, flexible payment options, and a no-impact approach to your credit score, ensuring a stress-free experience. \|Buy on Trust \|Not specified, as this is not a traditional loan service. \|Not applicable as this is a lease-to-own program, not a traditional loan. \|To lease electronics and home goods with an option to own. \|To lease and eventually purchase electronic devices. \|Offers up to $5,000 in credit for leasing products. \|Credit limits up to $5,000 for leasing electronics. \|No credit history required; suitable for poor, limited, or no credit applicants. \|Available to various credit types, including those with bad credit. \|A small initial payment ($50) is required. \|Information on this is not explicitly provided. \|Details on late fees are not prominently specified. \|Specific late fee details are not clearly outlined. \|Early Payoff Penalty \|Option to pay off within 90 days with a $10 fee, otherwise no specific early payoff penalty noted. \|No penalty for early payoff, but availability varies by state. Lastly, to explore Electro Finance further and understand their application process, follow the link below. Step into a simplified world of technology leasing tailored just for you. Apply for Electro Finance: Swift Access to Tech Learn how to apply for Electro Finance for instant electronic access and same-day pickup at Best Buy, simplifying your tech purchases.Keep Reading Upstart Loan review: Up to $50,000! Are you looking for a loan of up to $50,000 with competitive rates and good terms? If so, you can read our Upstart Loan review to learn more!Keep Reading You may also like Interest rates on savings accounts may be low, but you can still save money Understand what is behind the low interest rates on savings account and how you can benefit even in this scenario.Keep Reading Secured Sable ONE Card: check out how to apply! Apply for a Secured Sable ONE Card and switch from a secured card to a non-secured card in just 4 months. Read on to learn more!Keep Reading
When it comes to managing finances and achieving our goals, loans have become an integral part of our lives. They provide us with the necessary funds to fulfill our dreams, whether it’s buying a home, starting a business, or pursuing higher education. However, not all loans are created equal. In this article, we’ll delve into the concept of a what is a contingent loan, exploring what it is, how it works, and its advantages and disadvantages. Defining Contingent Loans A contingent loan is a type of financing arrangement in which the borrower must fulfill specific conditions or meet certain requirements for the loan to be fully executed. Unlike traditional loans, which are granted based on creditworthiness and collateral, contingent loans are conditional, meaning that the loan becomes binding only when certain predetermined events occur. How Contingent Loans Work When a borrower applies for a contingent loan, the lender outlines the conditions that need to be met for the loan to be approved and funded. These conditions act as safeguards for the lender, ensuring that the risk associated with the loan is minimized. Once the contingency is met, the loan is activated, and the borrower gains access to the funds. If the contingency is not met within the specified timeframe, the loan may be denied or canceled. Key Features of Contingent Loans 3.1. The Contingency Clause The contingency clause is the heart of a contingent loan. It specifies the conditions that must be satisfied before the loan becomes effective. These conditions can vary widely, depending on the purpose of the loan. For example, in a real estate transaction, the contingency may be the successful completion of a home inspection. 3.2. Collateral Requirements While contingent loans are based on meeting specific conditions, lenders may still require collateral as an additional form of security. Collateral can be an asset or property that the lender can claim in case the borrower defaults on the loan. Pros and Cons of Contingent Loans 4.1. Advantages of Contingent Loans - Lower Initial Risk: For borrowers, contingent loans offer a lower initial risk as they are not fully bound until the contingency is met. - Flexibility: Contingent loans can be more flexible than traditional loans, accommodating unique situations and needs. - Opportunity for High-Reward Ventures: Contingent loans enable borrowers to pursue high-reward ventures with reduced upfront financial commitment. 4.2. Disadvantages of Contingent Loans - Limited Availability: Contingent loans might not be widely available, as not all lenders offer them. - Stricter Qualification Criteria: The conditions set by lenders for contingent loans can be stringent, making it more challenging to qualify. - Potential Delays: The fulfillment of the contingency might lead to delays in accessing the funds, affecting the borrower’s plans. Contingent Loans vs. Traditional Loans 5.1. Differences in Risk Assessment Traditional loans rely heavily on the borrower’s credit score and financial history, while contingent loans emphasize the assessment of the contingent event’s likelihood. 5.2. Flexibility in Repayment Traditional loans typically have fixed repayment schedules, while contingent loans may offer more flexible terms once the contingency is met. Common Uses of Contingent Loans 6.1. Real Estate Transactions Contingent loans are commonly used in real estate, especially in home buying. Buyers may include a contingency clause that allows them to back out of the deal if certain conditions, such as a failed home inspection, are not met. 6.2. Mergers and Acquisitions In the business world, contingent loans play a crucial role in mergers and acquisitions. A buyer might use a contingent loan to finance the acquisition of another company, contingent on specific performance metrics being met. How to Apply for a Contingent Loan Applying for a contingent loan follows a similar process to traditional loans. It involves submitting an application, providing necessary documentation, and waiting for the lender’s decision. However, pay close attention to the contingency clause and ensure you fully understand the requirements. Tips for Choosing the Right Lender 8.1. Research and Compare Lenders Take the time to research and compare different lenders offering contingent loans. Look for reputable institutions with a history of providing transparent loan terms. 8.2. Review Customer Feedback Read reviews and feedback from other borrowers who have dealt with the lenders you are considering. Their experiences can provide valuable insights. Read more… What is a Contingent loan present a unique financing option for individuals and businesses seeking flexibility and reduced initial risk. They allow borrowers to pursue ambitious goals while offering lenders added protection. However, with this unique opportunity comes the responsibility of carefully assessing the contingent conditions and understanding the potential impacts on one’s financial situation. Frequently Asked Questions (FAQs) 9.1. What happens if the contingency is not met? If the contingency is not met within the specified timeframe, the loan may be denied or canceled, and the borrower will not gain access to the funds. 9.2. Can anyone apply for a contingent loan? While anyone can apply, contingent loans often have stricter qualification criteria due to their conditional nature. 9.3. How long does the approval process take? The approval process for contingent loans can vary depending on the lender and the complexity of the contingency. It may take longer than traditional loan approvals.
Achieving Financial Security with a RIF Account Let's talk about opening a RIF Account Grow Your Retirement Savings With a RIF Account Unlock Your Retirement Potential With a RIF Account RIF accounts offer a unique combination of flexibility and security that makes them an attractive option for planning your retirement. With a RIF, you can choose from a variety of investments and customize the account to meet your specific needs. You’ll also be able to take advantage of tax-deferred growth, which allows you to keep more of your hard-earned money in your pocket. In addition, with a RIF account, you’ll have access to regular income payments that can help you manage your expenses during retirement. By investing in a RIF account, you’ll be able to enjoy greater financial stability and flexibility during your retirement years. A Registered Retirement Income Fund (RIF) account is an effective way to maximize your retirement savings and secure your financial future. With a RIF, you can benefit from the flexibility of withdrawing money from the account on a regular basis while still taking advantage of tax-sheltered growth. Unlike other retirement accounts, you don’t have to wait until you reach a certain age to access your money – you can start using it when you need it, while still enjoying the benefits of long-term growth. Furthermore, a RIF account can provide you with steady income during your retirement years and allow you to enjoy more financial security. Investing in a RIF account allows you to take advantage of all the benefits that come with saving for your retirement while also giving you peace of mind knowing that you have the resources to support yourself later in life.
Harley Davidson Finance Online Through the Harley-Davidson Rider-to-Rider Financing Program financing is available to qualified individuals who are buying a used motorcycle from a private party. Harley davidson finance online. Saved Bikes 2900 Research Way - Carson City NV 89706. Financing Offer available only on new HarleyDavidson motorcycles financed through Eaglemark Savings Bank ESB and is subject to credit approval. If youve decided you want to finance your new motorcycle youre not alone. Excess mileage is charged at 6p per mile VAT. Complete the simple and secure online finance application to get pre-approved. Any finance required for a new deal is subject to status available only to UK residents over the age of 18. With a minimum down payment and approved credit you can arrange Harley-Davidson Credit financing with us and get out on the road a few hours after picking out your new or pre-owned model. Or go directly to the Payments page to begin managing your account online and making sure your payments post on time every time. However your dealer may be able to assist you. 759 Rate offer is available only to high credit tier customers at HDFSC who also purchase the Harley-Davidson Extended Service Plan and only for up to an 84 month term. Looking to finance your new Harley-Davidson motorcycle or used motorcycle. Stinger Harley-Davidson can help you obtain financing and give you peace of mind knowing Harley-Davidson experts are involved in your sale. The Finance team at Battle Born Harley-Davidson is happy to help. We offer financing through our online application with finance professionals on staff to provide the most affordable payment plans. Motorcycle loan financing is available with credit from Harley-Davidson financing as well as other lenders at Moonshine Harley-Davidson in Franklin TN. Credit is subject to status and is only available to UK residents aged 18 and over. Harley-Davidson Financing. We have many finance offers for all types of buyers and riders. - Harley Davidson Accessories Used - Harley Davidson Adventure Bike Cost - Harley Davidson And The Marlboro Man Bike Decals - Harley Davidson And The Marlboro Man Bike Intro - Harley Davidson Accessories India - Harley Davidson And The Marlboro Man 1991 English Subtitles - Harley Davidson Adventure Bikes - Harley Davidson Accessories Singapore - Harley Davidson And The Marlboro Man Album Songs - Harley Davidson Adjustable Hat - Harley Davidson And The Marlboro Man Coat - Harley Davidson And The Marlboro Man Bike Build - Harley Davidson Accessory Kit - Harley Davidson And The Marlboro Man Boots - Harley Davidson Aerosmith Apparel - Harley Davidson And India - Harley Davidson Accessories Uk - Harley Davidson And The Marlboro Man Bike - Harley Davidson And Marlboro Man Leather Motorcycle Jacket - Harley Davidson Adventure Bike Video
Our 2024 Review on ScotiaBank's Critical Illness Insurance Critical illness insurance in Canada provides a crucial financial safety net, offering a lump-sum payment should you be diagnosed with serious illnesses. It makes sure your medical costs, income loss, and the lifestyle of you and your family are supported during difficult times. If you don't have a critical illness insurance policy yet or are looking to change your existing plan, Scotiabank critical illness insurance could be an option to consider. But what does it cover? What are its pros, cons, and costs? Most importantly, is it right for you? Read on to find out! You can also use our free comparator to compare the best critical illness insurance plans in Canada and get free personalized quotes so you can truly decide if Scotiabank critical illness insurance is the best for you, or if there's another provider that fits you better. Scotiabank critical illness insurance: Key takeaways - Reputable Provider: Backed by Scotiabank, a trusted financial services company. - Online Application: Convenient application process with an online option. - Simplified Coverage: Easy-to-understand critical illness insurance with affordable rates. - Coverage until 70: Extended coverage age limit for added protection. - No Medical Exam: Streamlined application process without the need for a medical exam. Our 2024 review of Scotiabank critical illness insurance Scotiabank's critical illness insurance called ScotiaLife® Critical Illness Insurance stands out for its association with a top financial services company. The online application process, simplicity of coverage, and affordable rates make it an attractive option. However, it's exclusively available to Scotiabank customers and their spouses, limiting accessibility. With a maximum coverage of $100,000, it may be more suitable for those seeking basic coverage. While details are somewhat limited online, Scotiabank's offering caters to accessibility, making it suitable for those prioritizing ease of application and coverage until the age of 70. If you're a Scotiabank customer or someone looking for good critical illness insurance and want to explore critical illness insurance plans in Canada, you can do right here using our free comparator below. Compare multiple plans and get free personalized quotes in no time. Find a critical illness insurance policy that's right for you Pros of Scotialife critical illness insurance - Reputation - one of Canada's top financial services companies - Online application - Offer is simple and easy-to-understand - Affordable rates - Coverage until 70 - No medical exam Cons of Scotialife critical illness insurance - Only for Scotiabank customers and their spouses - Coverage maximum of $100,000, lower than many competitors - Limited offers - Sparse details available online ScotiaLife Financial is a subsidiary of one of Canada’s top banks, Scotiabank (the Bank of Nova Scotia). The bank is two centuries old having been founded in 1832. They provide insurance products to individuals including auto insurance, home insurance, life insurance, health insurance, travel insurance, and mortgage protection insurance. Scotia Life Insurance Company underwrites the group’s insurance offers. This article takes a look at Scotiabank's policy called ScotiaLife critical illness insurance. Why sign up for ScotiaLife critical illness insurance? Is critical illness insurance worth it? Critical illness insurance from Scotialife or another provider gives you a powerful financial safety net should you contract a critical illness or condition. A serious diagnosis is likely to affect your ability to work while engendering serious expenses. These include: - Medical costs and specialists not covered under a different policy - Transportation to see specialists - Chair lifts or ramps at home - Therapy and counseling - Retrofitting vehicles for accessibility Besides these additional costs, you still need a plan for continuing to pay your rent or mortgage, child care, groceries, and other day-to-day living expenses. The flexibility of the large lump-sum benefit from critical illness insurance means that you'll have the ability to cover these bills as you see fit. You can take care of yourself and your family while focusing on recovery. What does Scotiabank critical illness insurance offer? ScotiaLife Financial offers a single critical illness insurance plan for Scotiabank customers. Coverage is available for up to $100,000 and no medical exam is required. Customers ages 18-64 are eligible. It covers heart attack, cancer, and stroke. Note that Scotiabank offers Scotia Mortgage Protection Insurance. While this is a different product it is noteworthy to include here. Borrowers and guarantors of Scotiabank mortgages can apply for the products, which can offer up to $500,000 towards your mortgage balance. Besides critical illness coverage, it also includes life, disability, and job loss protection. For more on Scotialife 's critical illness insurance offer see the pdf below. You must compare multiple critical illness providers before zeroing in on a policy. While it may seem like a daunting process, you can do it right here using our free comparator below. Compare the best plans and get free personalized quotes in seconds by clicking the button below. Find a critical illness insurance policy that's right for you What illnesses and conditions qualify for Scotialife critical illness insurance? The following illnesses and conditions may qualify a Scotialife policyholder for critical illness benefits. - Heart attack - Stroke (Cerebrovascular accident) - Cancer (Life-threatening) Good to know Different insurers have different criteria for determining the severity of an illness or condition and whether it qualifies. If you have questions, it's best to refer to the policy documents and speak with your insurance broker or Scotialife advisor. How much does ScotiaLife critical illness insurance cost? Unfortunately, it is difficult to provide an accurate price for Scotialife critical illness Insurance as these policies are highly dependent on individual situations. Pricing varies widely based on the following factors: - Pre-existing conditions - General Health - Smoking status - The amount of coverage desired For general information, the table below summarizes the average price of critical illness insurance for various ages with a $ 25,000 benefit for the average provider. This is meant solely to provide a rough indication. Speak with an advisor for an exact Scotialife critical illness insurance quote. \|Price per month \|51 to 55 \|56 to 60 \|61 to 65 Good to know Need help to decide how much coverage to buy from ScotiaLife? Our critical illness insurance calculator can help you make an informed decision. We recommend that you get personalized quotes to plan your finances better. You can do that using our free comparator in the next section. How do I apply for Scotialife critical illness insurance? To apply for the ScotiaLife critical illness apply online on their website to apply online. Alternatively, you may reach them at 1-866-292-3512. Before settling on an offer with ScotiaLife, it's smart to compare critical illness insurance quotes from other providers. You can do this right here using our free comparator. Compare the best plans in Canada, get free quotes, and be put in contact with an expert. Shop critical illness policies now How do I contact Scotialife critical illness insurance? You can reach ScotiaLife at 1-866-292-3512 from 8:30 am to 7:00 pm ET Mondays through Fridays. If you wish to mail in a paper ScotiaLife Critical Illness Insurance Application (available on ScotiaLife's website, you may do so to PO Box 215, Stn Waterloo, Waterloo ON, N2J 3Z9.
Buried within the gargantuan Inflation Reduction Act is a long-in-the-making climate policy poised to supercharge the green banks’ ability to support the US ambitious climate goals while making the energy transition more inclusive. The bill’s landmark $369 billion climate and energy spending package entails the Greenhouse Gas Reduction Fund providing $27 billion for the Environmental Protection Agency (EPA) to kick-start projects aimed at lowering the country’s greenhouse gas emissions. To date, it represents the largest green lending program ever addressed to public-private investments. With the majority of the funds – roughly $20 billion – the EPA is expected to seed a national green bank within a few months. The national green bank will partner with the private sector and community lenders to invest in clean energy technologies and energy efficiency improvements. The bank could ultimately distribute the money to the existing regional and state green banks and other organizations, such as community development finance institutions and minority depository institutions (banks and credit unions that are either owned or directed primarily by members of certain minority groups) that strive for the development of disadvantaged communities but rarely cross paths with the ordinary energy finance channels. Representing great progress in the government’s role in confronting the climate crisis, the fund could produce massive opportunities for innovative businesses and stimulate domestic clean energy supply chains while evening out the benefits of a sustainable transition across the whole population. Why it is a big deal Much of the Greenhouse Gas Reduction Fund will be dedicated to installing solar panels, heat pumps and other clean energy infrastructure, and to kick-starting building retrofits and sustainable mobility projects in communities that ordinary finance disregards: outskirts, low-income and disadvantaged neighbourhoods. Such types of interventions can greatly contribute to reducing greenhouse gas emissions and distributing the economic benefits of renewables, yet private investors are generally dissuaded by high credit risk and long payback time. Besides, some projects such as community solar typically lack the size to generate economies of scale. Hence those can be seen as unattractive even though they are critically important to ensure an inclusive transition, unlock huge savings through higher energy efficiency in the buildings sector, and ultimately maximize the chances of reaching the climate and energy security goals. Truly, given that emissions can’t be confined someplace, these objectives are only possible if everyone makes the transition, everywhere. Green banks’ financial model of leveraging limited public resources to attract private investors for clean energy projects is conceived to lend where others don’t, increasing access to funding for communities left behind. Related articles: How the World Could Save $12 Trillion by 2050 \| Earth is Dying: UN Chief Accuses World Leaders of Zero Action \| Three Bills Provide US With $500 Billion in Climate Funding Over Next Decade US green banks: Many exist in several states but they can upscale action thanks to a “central” green bank National banks already exist in several countries including Rwanda, Japan and Australia (currently home to the world’s largest). The UK used to have one which, before it got sold in 2017, helped boost its offshore wind industry. In the US there are already 23 green banks spread across 17 states, with another 25 states in the process of opening their own. With about $1.9 billion of own capital, these smaller scale banks have activated some $7 billion in private money for green projects since 2011, thus leveraging on average $3.70 in external capital for every $1 the banks invested. However, under the coordination of a “central” green bank, the investment process could accelerate and prove more cost-effective, improving the likelihood of keeping the US in line with the Paris Agreement. The Coalition for Green Capital has identified $21 billion worth of backlogged clean energy projects at state and local green banks. A national green bank would help address that backlog with a more streamlined process to sustain projects at the local level while providing financial support to improve supply chains and help lower technological costs. Green banks could play an even more relevant role in reducing the nation’s emissions after the recent Supreme Court decision limiting the EPA’s ability to regulate carbon emissions. Green banks: A proven model to jumpstart and speed up the green transition Unlike government grants or tax credits, green banks lend money to develop clean energy or energy-efficiency projects with an expected return on investment, leveraging a relatively small amount of public funds to make them more attractive to private investors. They can employ low-interest loans and green liberty bonds (offered to retail investors through lower-dollar denominations — e.g., no more than $1,000 – making it easier for everyday citizens to invest in projects with environmental and employment benefits), as well as credit enhancements such as loan-loss reserves and loan guarantees and highly concessional finance to rapidly deploy clean technology in places where the actual cost of adding insulation, solar panels or a heat pump may be higher than some households’ income. The existing state and local green banks in the US have shown that such strategies can be a sound investment. According to the Coalition for Green Capital, 99.62% of state and local green bank loans in the US have been paid back. This makes the model self-sustaining, creating value through profitable investments. A federal green bank could be even more effective as a national clean energy accelerator with a national mandate to finance the transition and help develop local markets and supply chains in every state. Editor’s Note: The opinions expressed here by the authors are their own, not those of Impakter.com — In the Featured Photo: Ringmer Community College – 2008 Ashden Award winner. Featured Photo Credit: Ashden.
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Whether you’re just starting to explore investments, revisiting your life insurance policy or maybe take a more serious look at your estate plan, finding the right financial professional to help you along the way can be a challenge. From RIAs to Financial Advisors to Life Insurance Agents, financial professionals come in all shapes and sizes, and it’s important to make sure you find one that suits you and your family’s needs. Beyond that, finding the right person to work with is essential. That way, you make sure you're getting the services you need in a way that makes you feel comfortable, and confident with the advice you’re getting. Here are three key considerations to keep in mind when selecting a financial professional. Comfort and an ability to speak candidly with the person you’re working with is important in a financial professional. You need to trust and have confidence in them to make the best decisions for you and your family throughout your financial lifecycle. Consider that these financial relationships can last for decades, even generations, and endure multiple economic cycles. You’ll want to choose someone you and your family will feel good about working with. Look for signs that you are compatible with one another during an initial meeting. This can include whether you feel like you and your partner’s needs are being addressed and whether their style or approach matches your personality. Pay attention to conversation topics you seem to enjoy discussing and whether you feel comfortable in their presence – how does your spouse feel when they talk? If you find yourself feeling awkward or having long silences, it's likely that your personalities won't click. Ask yourself, is this the kind of person you and your partner would feel comfortable going to coffee or lunch with? Having something in common with your financial professional beyond the business relationship is often a good sign that they’re a fit for you. To be sure, trust your intuition; it is often the most accurate indicator. You should also ask about their typical client profile to see if you are a match on paper. Investigate a potential financial professional’s financial wellness philosophy – how do they view protection needs, investment approach, risk appetite, or personal beliefs? All of these factors can deeply affect how you approach your finances and the role that they’ll play in your planning. Keep in mind what matters most to you when considering a financial professional’s approach. Perhaps safety is your top priority, and you are looking for a professional who can provide you with secure, low-risk investments and protection of your assets and income. Or perhaps you are looking for rapid growth, and you want to find someone knowledgeable about the stock market who can help you make investments that might yield higher returns. You could also be looking for a more personalized approach or to work with someone who will avoid jargon and take the time to get to know you, your family, and your financial goals. Be sure to align your values with those of your financial professional for a more positive and productive experience together. Not all financial professionals have the same levels of specialization or areas of expertise. Make sure you get to know what each type of professional specifically does and who they serve. Here are some of the most common types of financial professionals, and the services they provide: Life Insurance Agent Services provided: A life insurance agent can provide guidance and service on various financial products, including different types of insurance policies, and other protection products. Fee structure: Life insurance agents typically make money through commissions on any products or policies they sell to clients. Services provided: A financial planner creates a financial plan to help you achieve your goals. They will often offer a variety of services, including advice on investments, budgeting, saving and tax matters. Fee structure: Financial planners typically charge per plan. Services provided: A financial advisor offers advice and guidance on investments and asset management. Fee structure: Financial advisors typically make money through fees, normally based on a percentage of the assets they are managing. Services provided: An estate planner helps you manage your estate and helps you create a plan to pass down your assets to your heirs. Fee structure: Many estate planners will charge an hourly fee for services, ranging from $100 to upwards of $400/hour depending on their level of experience and clientele. They may also have flat fees for certain services like preparing a will. Services provided: A tax advisor can help explain and provide guidance on the tax implications of your financial decisions. Fee structure: Tax advisors typically charge an hourly rate for services, which can range from under $100/hour to more than $400/hour. They may also charge flat fees for certain services, that can range drastically depending on the complexity of the service. Services provided: An accountant will help you with your tax and accounting needs and may also advise on money management. They can assist you with filing your income taxes. Fee structure: Accountants typically charge an hourly rate for their services, ranging from $100 to more than $500 per hour, depending on the accountant and the services being provided. Some accountants may have scaling flat fees for services like income tax filing. Each financial professional will have different fees associated with their services. An insurance agent may not charge any fees at all, while an advisor or investment manager may have higher fees that reflect the complexity of the work they do. Fees may also be based on different criteria, depending on aspects like your portfolio performance, the financial products you purchase, the complexity of your accounts, or the total amount of wealth you have to manage. Before making a choice, understand how they are paid for the work they do with you and determine if it’s right for you and your needs. Also, think about if your situation requires a more specialized professional and if it is worth paying the extra fees for their services. Ultimately, the decision should reflect your individual needs and goals. Choosing the right financial professional doesn’t have to be an overwhelming process. By following our three-box checklist, you can narrow down your options and find the one that fits your needs at a cost you can afford. Working with a financial professional can also give you peace of mind knowing you have the guidance and support necessary to make informed financial decisions. This article is provided for general informational purposes only. Neither New York Life Insurance Company, nor its agents, provides tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions. SMRU #5457781.1 exp. 3/7/25
The average rate for a 30-year fixed-rate purchase mortgage was 3.402% Friday. The average rate for a 30-year refinance was 4.291%. Money's current mortgage rates include data from 8,000 lenders across the United States and are updated daily. The rates include points and represent what a borrower with a 20% downpayment and 700 credit scores — roughly the national average FICO score — would have been quoted. \|30-year fixed-rate purchase mortgage \|Rate of October 2, 2020 Mortgage rates vary from state to state. On Friday, borrowers in Alaska were quoted the lowest mortgage rates — at 3.172%. People looking for mortgages in Nevada saw the highest average rate at 3.651%. Nationwide, borrowers with the highest credit scores, 740 and above, were quoted rates averaging 2.957%, while those with credit of 640 or below were shown rates of 4.729% — a 1.772 percentage-point spread. You may be able to negotiate a lower rate if you shop around or if you have other accounts with the lender. (Money's picks for the best mortgage lenders are here.) Currently, some banks are hiking up advertised rates to keep demand in check, so you may be offered a lower rate if you reach out directly. Freddie Mac's widely quoted Primary Mortgage Market Survey put rates at 2.88% with 0.8 points paid for the week ending October 1. The mortgage purchaser's weekly survey reflects borrowers who put 20% down on conforming loans and have excellent credit. Refinance rates today Money's survey also shows that the offered rate for a 30-year refinance for someone with a 740 credit score was 3.579% on Friday. Last October, the average mortgage rate (including fees) was 3.859%. \|30-year fixed-rate mortgage refi \|Rate of October 2, 2020 A homeowner with a $200,000 mortgage balance currently paying 3.859% on a 30-year loan could potentially cut their monthly payment from $939 to $908 by financing at the current lower rates. To determine if it's worth it to refinance your mortgage, also consider the closing fees you paid on your current mortgage, how much your new lender is charging and how long you have left on your loan term. (Our picks for the best lenders for refinancing are here). What else is happening in the housing market right now? The sale of single-family homes has led the real estate rebound as people look for more space to socially distance, but an worsening inventory shortage is pushing home prices higher and may lead to a resurgence in the sale of condos. Condo prices increased 5.4% year-over-year during the month of August, bringing the median price to $266,000, according to a report by online real estate broker Redfin. By comparison, the median price of single-family homes increased by 11.9% to $343,000, the largest price growth gap between the two since 2014. “Home prices have been growing across all property types, as record-low mortgage rates have suddenly equipped Americans with more buying power. But condos have experienced relatively modest price growth because the coronavirus pandemic has motivated many homebuyers to instead bid on single-family homes, which typically offer more space and privacy,” said Tayor Marr, Redfin's lead economist. “But if prices of single-family homes continue to surge to unsustainable levels, condos may make a comeback, as they could become the only type of home that buyers in some areas can afford while also avoiding intense bidding wars.” Redfin saw a decline in saved searches for single-family homes from 37% in July to 34% in August, which may be a sign that potential buyers are losing interest in this type of property but could also mean that the severe lack of inventory in this category is leading buyers to look at other options. Year-over-year, the total number of active listings is down 26% for single-family homes while the number of listings for condos is up 3.6%. New listings for condos are up 18.4%, while single-family homes are only up 1.8%. Condo sales are rising, increasing 11.8% during August compared to a 10.8% increase in the sale of single-family homes. However, the single-family are selling faster (30 days on average) than condos (36 days) and lead to more bidding wars — 56.6% compared to 41.3%. Mortgage Term of the Week Understanding the lingo can be key to avoiding mistakes when you are buying a home or refinancing your mortgage. For more read: Everything You Need to Know About Mortgage Rates in 2020 Buydown: Refers to money someone (like a builder or property seller) advances to a purchaser to reduce their monthly payments, either for a specific period of time or the entire term of the loan.
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By Hanniz Lam New year, new hope! How many times have we felt super motivated as the new year begins? Same thing every year. We’re hopeful human beings. We declare to ourselves we’ll take better care of ourselves. We’ll visit our parents more often. We’ll bring our kids out more. We’ll make better business decisions. We’ll make more money! So since this is a money blog we won’t be coverering the other things but we sure will share how you can save money with this 5 tips! 1. Use a high interest savings account We’ve already talked about this last month but if you’ve been busy finishing up your work so you can clear your leave and use that as an excuse to ignore our new posts, here it is again. Since there are so many banks to choose from, we’ll pick one. As of September 2021, the Standard Chartered Privilege$aver savings account offers the highest interest rate on a savings account, provided the account holder fulfils three conditions (Save, Spend, and Invest/Insure) to increase the interest from the base 0.05% p.a.. You will need to deposit at least RM3,000 in fresh funds every month to unlock an additional 0.75% p.a. interest via the Save requirement. On top of that, you can earn up to 1.50% p.a. interest when you fulfil the Spend requirement: 0.75% p.a. when you spend at least RM1,000 with your Standard Chartered credit card, and another 0.75% p.a. when you perform at least five retail transactions on your debit card. Finally, unlock another 2% p.a. for up to three months when you tap into the Invest or Insure requirement. You can do so by investing a minimum of RM30,000 in unit trust, or purchase an insurance policy with a minimum of RM30,000 annual premium. The Standard Chartered Privilege$aver account has set a cap on the amount of interest that can be earned via the three bonus categories. For each category, bonus interest will be credited on up to RM100,000 of your monthly average balance (MAB). At 4.30% p.a., you’ll be earning a pretty good chunk of interest each month. A good way to hit the save requirement for a 0.75% p.a. interest is to use this account as your salary deposit account – you just need to inform your HR department for this. Put a note on your laptop so that’s the first thing you do when you get back to the office. It’s also not a stretch to spend with StanChart’s credit and debit cards. For credit cards, in particular, the JustOne Platinum and Liverpool FC Cashback credit cards yield cashback as you spend, although the JustOne Platinum and Liverpool FC Cashback cards have both seen some massive adjustments to their cashback terms in recent times. For some added context, this latest earning structure for the Privilege$aver campaign was an update that was introduced in the beginning of February 2021, which initially allowed accountholders to potentially earn more interest than the previous structure. In early June 2021, however, StanChart rolled out further revisions to bring the total interest to its current 4.30%. 2. Cut Your Car Insurance In Half (or More) I’ve been using an agent to handle my car insurance and road tax the past few years as I found it convenient. I didn’t mind paying a little more for the convenience. My hubby on the other hand is a super tight fisted man and every sen counts. As I’ve not been driving much the past two years due to the slowdown in projects (events is a badly hit industry), it didn’t make sense to pay so much for such low mileage. So hubby advised that I check out Pacific & Orient Insurance. I opted for the lowest mileage and saved about 40% of what I usually pay. 3. Control your Credit Card spending Banks have structured their offerings in such a way that purchasing items using their credit cards could benefit you in the form of rewards and other freebies. It is difficult to resist the temptation to swipe a credit card when you’re eyeing that electronic gadget, smartphone, outfit or designer handbag. At the point of purchase, you rarely consider how you will feel when the bill arrives later in the month. You’re only feeling happy with your purchase and imagining yourself showing off the latest gadget or purchase to your friends. And then, a few weeks later when the credit card bill shows up, you experience that sinking feeling of knowing that you cannot possibly settle the bill in full. So, you make a payment for the minimum balance repayable, and resolve to be more responsible next month so that you can settle the bill in full. However, the same thing happens the following month. And the month after that. If you’re struggling to keep your credit card spending under control consider using just ONE general purpose card instead of a gazillion cards. You can stick to one that offers the best cash back or points rate for everyday spending and more easily keep track of your current balance. You’ll also limit the damage you can do because you won’t be able to max out multiple cards. Figure out how much of your income you can put toward discretionary purchases and then see what you can charge on your card without exceeding it. The 50-40-10 budget is an easy way to do this and involves limiting essential spending to 50% of income, savings and investments to 40%, and wants 10%. If you bring home RM3,000 per month, and you know you can spend 10% of monthly income on discretionary expenses, then you have RM300 available to spend. So your monthly spending limit on your credit card should be RM300 — assuming you use your card only for these discretionary purchases. As soon as you’ve hit that amount, you have to stop spending for the month. Just STOP! If you tend to have a problem with overspending on online shopping, try removing your cards from your online accounts. When your card is stored, it’s really easy to buy things without thinking about it — especially because many websites facilitate one-click purchases. If you have to manually type in your card number, on the other hand, this requires much more of an effort on your part and is likely to make you think more carefully about the purchases you’re making. 4. Cut Your Expensive Home Insurance If you’re a homeowner, you probably have home insurance, but you hardly ever think about it. That’s good — it means you haven’t needed to use it. But it also means you don’t know if you’re being overcharged for it. 2022 is your time to cut that expense down. There are three main types of policies which you can buy to protect your home :- 1) Basic Fire Policy This policy covers your building and/or contents from loss or damage caused by fire and lightning. The coverage could also be extended to include special perils e.g. storm and tempest, flood, earthquake etc. Under Bank Negara Malaysia’s tariff liberalization framework, insurers are also allowed to introduce non tariff fire insurance products with variations in coverage, terms and conditions. Policyholders are advised to refer related enquiries to their agents or insurers. Fire policy can be extended to cover the following perils with additional premium:- - Aircraft damage - Earthquake and volcanic eruption - Storm tempest - Flood damage - Impact damage - Bursting or overflowing of water tanks apparatus or pipes - Riot strike and malicious damage - Electrical installation Clause B (for businesses) - Bush fire (for businesses) - Subsidence and landslip - Spontaneous combustion (for businesses) - Damage by falling tree or branches and objects thereform - Sprinkler damage (for businesses) Smoke damage (for businesses) 2) Houseowner Policy A houseowner policy provides additional levels of cover for your property over and above a standard fire policy. This means cover for the physical structure of your property such as walls, roof, fixtures, fittings, outbuildings, etc. for severe weather damage, floods, fire, burst pipes, and a range of other negative events that could impact your home. 3) Householder Policy The householder policy is designed to provide additional cover for the contents of your home. This means in the event of an insurable event such as fire, lighting damage, floods, burst pipes etc… the value of your contents are recoverable as part of the policy. This policy can also provide additional cover for registered individual homeowners in the event of fatal injury. Here are 8 ways to save. 1. Raise your deductible A quick way to reduce your premium is to raise your insurance deductible, the amount you pay if you have to make a claim. Raising your deductible puts money in your pocket every month that otherwise would have gone to your insurer. Just be sure you have enough saved to cover a bigger out-of-pocket expense if you need to make a claim. 2. Make your home more secure Even the basics can save you money when it comes to home security. Having a smoke detector, burglar alarm or deadbolt locks on your home can earn you a 5% discount. Going a step further by adding a comprehensive sprinkler system along with an actively monitored fire and burglar alarm could save you as much as 15% to 20%. 3. Skip small claims It may be tempting to file a claim with your insurer even when something relatively minor happens, but you may be better off in the long run if you pay out of pocket for these smaller expenses. That’s because some insurers offer discounts if you remain claim-free for a certain period of time, usually a few years. 4. Ask about lesser-known discounts Unless you check, you may never know what other savings you might be eligible for. Some insurers offer additional discounts if you: - Don’t have any smokers living in the house. - Recently bought your home. - Pay your premium via automatic bank payments. - Choose paperless billing. - Work in a specific career, such as teaching, engineering or firefighting. 5. Account for home improvements If you’ve improved your home, you may have made yourself eligible for homeowners insurance discounts without even realizing it. Adding features such as storm shutters and impact-resistant roofing — which make your house tougher to damage — could result in insurance savings. You might also earn a discount by upgrading outdated plumbing and electrical systems. 6. Bundle your auto and home insurance Bundling auto and home insurance with the same company typically saves you 5% to 15% on your homeowners premium. Although it could vary depending on your company, many insurers provide discounts if you buy more than one type of policy from them. 7. Get rid of high-risk stuff Even though it may be fun, having something deemed an “attractive nuisance” by your insurer — think trampolines, swimming pools or playground equipment — can add to your homeowners insurance premium. Getting rid of those items could result in serious savings on your insurance. 8. Shop around Rates for identical homeowners insurance coverage can vary widely from one company to the next. Some homeowners could save RM1,000 a year or more by finding the cheapest rate. Most companies have tools on their websites that allow you to compare different companies’ rates to let you see if you might be able to save by switching insurers. 5. Cut Your Grocery Budget Down Groceries account for a good chunk of your budget. Everybody’s gotta eat. You might as well earn a little money back while your groceries are being bagged up and cut down your budget for 2022. Check out what ShopBack has to offer before you make your purchases. So what do you think? Are you able to do the above and make your hopes come true?
We hit the streets of NYC to find out what renters would do with their savings if they could skip paying a security deposit! See what they said & learn how you can get your deposit back: What did these renters in Union Square in New York City say they would do with their savings? – “I would probably use it for groceries.” – “Buy clothes and Starbucks. Treat myself!” – “I’d use it for another month of rent.” – “Vacation – Italy!” – “Probably put it towards credit card debt.” – “Pay the rest of my bills. Buy wine and really good cheese.” – “I’m trying to have Kids. So, probably use the money for children…” – “I would invest it. I would use the money towards something that would benefit my life or my apartment.” – “I’d put it in my savings. I don’t know how to invest money, so I’ll put it in my savings.” – “Those grad school loans are starting soon, so…” – “Put it toward the next month’s rent!” – “I would probably invest it into the space that I’m about to live in!” How Does Obligo Work? Rental properties partner with Obligo to allow qualified renters to skip paying a cash security deposit at move-in. Current renters can also use Obligo to apply their existing security deposit to rent. To live deposit-free, renters simply provide a payment method through the Obligo platform. If there are damages or missed rent at the end of the lease, your property manager will be authorized to charge this payment method – up to the stated amount of security requirement – and you will be billed by Obligo. Obligo is not an insurance product. You’re still accountable for any charges, but Obligo does offer the ability to repay charges in interest-free installments. Just like a traditional deposit, you also maintain the right to dispute charges directly with your property manager. Obligo charges a fee for our service (a small percentage of your rental’s security requirement), and you can then use your deposit money where it will generate the most value for you, whether that’s repaying debt, making an investment, furnishing your rental, or just treating yourself! Find out how you can get your deposit back today!
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Estate administration, where delays occur and how they can be mitigatedSeptember 27, 2023 Tackling South Africa’s Leadership CrisisSeptember 28, 2023 As September celebrates National Wills Week, we have asked our Wills drafter and admitted attorney, Fatima Abrahams, to craft a piece for our readers on ‘The importance of professional Will drafting’. As daunting as it may seem, drafting your Last Will and Testament is a vital task that will leave you with peace of mind, knowing that your estate will be distributed as per your wishes and not in terms of the laws of intestate succession. Taking the time to carefully think about your Will is beneficial, as among other things, it reduces the risk of family feuds, and you will have the certainty of knowing that your loved ones are taken care of in the manner that you deem fit after your passing. When preparing to draft your Will there are various factors to consider, these factors include, but are not limited to, the following: * Your marital status, if you are married, the matrimonial property regime you married in is vitally important, i.e., in community of property or out of community of property with or without the system of accrual and also to consider how this will affect the distribution of your estate. If you are unmarried, divorced, widowed or in a life partnership, it is important to note this in your Will. What is the composition of your family and what is the nature of your family relations and dynamics? If you have minor children, nominating a guardian and having a testamentary trust is both recommended and necessary. You may have a child with special needs that will require a special needs trust or a beneficiary whose inheritance will be best kept in a trust. Perhaps you have a blended family and/or other dependants that would not usually inherit in terms of the law of intestate succession. If you have a loved one living with you on your property, you may want to include a usus, usufruct or habitatio in your Will, in order for them to remain living in your property after your passing Considering the contents of your estate and how you would like your assets distributed is the crux of your Will. One needs to be mindful of where your assets are located in terms of jurisdiction and whether you have offshore assets. With offshore assets, it is to be noted that different countries have different succession laws, and this will affect how your assets are distributed. * Substitute beneficiaries are necessary, as this ensures that there is an alternative beneficiary in the event that your nominated beneficiary predeceases you, or renounces the benefit due to him or her. Nominating your executor, it is imperative to nominate an executor who has extensive experience in the administration of deceased estates, such as Appleton, as this will greatly benefit your beneficiaries. Having your estate administered seamlessly reduces the stress of your beneficiaries during an already difficult period. It is key to make sure that your bequests in your Will are clear, unambiguous, legally enforceable and practical. One should, however, avoid ruling from the grave! Once your Will is signed, there may be notable moments in one’s life that spark the need to update your Will. Marriage, going through the process of divorce, the birth of a child or the passing of a beneficiary, acquiring a new asset or disposing of an asset may prompt you to make necessary changes. So, the regular review and updating of your Will is critically important. As overwhelming as it may seem, with proper estate planning and due consideration, the Will drafting process can, in fact, be smooth sailing and you will be left with peace of mind, knowing that your Will is in order and your loved ones are well catered for.
Last week, PerformLine hosted a mortgage industry roundtable that gathered mortgage leaders to discuss best practices for ensuring compliance and consumer protection as we continue into a year of increased regulatory pressure. I always love hosting these roundtables, and I had a great time chatting with attendees. Here’s a recap of the top discussion points during the event, including managing loan officers who work remotely, increased conduct risk with decreased mortgage volumes, marketing and compliance on TikTok, and more. Top Regulatory Concerns We kicked off the discussion by asking participants what their biggest regulatory concerns are over the next six months to a year. A Fine Line Between “Loan Officer” and “Realtor” One attendee talked about their company’s unique situation in which branches are partners of their organization. Because of this, they spend a lot of time managing various loan officers and branch managers, how they’re utilizing social media, and handling compliance. The challenge is helping these loan officers and branch managers succeed while also ensuring that they’re compliant. Specifically, this attendee noted that they’ve recently been seeing a lot of people walking a fine line between “loan officer” and “realtor” on their social media channels. The challenge here is making sure that they catch these instances quickly and they ensure there’s a clear distinction between loan officers and realtors on social media. This attendee has been working closely with PerformLine on this to find any instances where loan officers are blurring the lines between their job and a realtor’s job and to get visibility into where this is happening to help mitigate potential risk. Decreased Volume, Increased Conduct Risk Another attendee talked about conduct risk concerns as volumes are decreasing, and this concern was echoed by the rest of the participants. Since lenders work off of commission, they’re going to get more “creative” to try to get business as volume decreases. Attendees shared some “wild” stuff that they’ve seen from loan officers lately who are trying to stand out from the crowd, including: - Using FHA 203k loans in order to try to cover appraisal gaps - Wanting to talk about foreclosure options and how their organization can help-you need to be really careful with this because servicing has a lot of strict rules about what you can and can’t say about loss mitigation options - Unique requests coming from realtors working with loan officers to try to provide value adds, such as presentations on assumptions about the market If you work in the FHA lending space, you also have HUD regulations that add an additional layer of risk on top of this. All of these risk factors emphasize the importance of staying on top of your policies and procedures. Make sure you’re monitoring and understanding what’s happening in the various spaces to keep loan officers compliant and protect your organization. Where To Register Lenders Who Work Remotely Another concern that was brought up was around those who have lenders who are working remotely and aren’t based out of a specific branch-where do you register them? The MBA has worked with different states on this topic and new states are added every day that are not requiring loan officers to work from a branch. Check out this resource from the MBA on remote work policies for lenders. Loan Officers on TikTok It seems like every time we have one of these roundtables, TikTok always makes its way into the discussion. More and more loan officers and mortgage companies are taking advantage of this popular social platform. One attendee shared that their organization is using TikTok on the corporate level, and has gotten over 365,000 views within the last 60 days. This resulted in a big increase in traffic to their website’s homepage. Another attendee agreed that TikTok provides a huge opportunity for loan officers to get their names out there and share their expertise. They talked about how even though loan officers might not like the idea of TikTok or the app itself, they have the potential to reach hundreds of thousands of potential customers, and they should at least try to utilize the platform for lead generation. Being the subject matter expert is key, but compliance does need to sign off on posts before they go live. One attendee shared that their organization has sent out TikTok training with guidelines on what they can share on the platform with examples. Equal Housing Logo on Social Profiles Another attendee asked the rest of the participants how they are displaying the Equal Housing Opportunity logo on their social media profiles where it’s not always feasible to do so. A few attendees said that verbiage should suffice when the logo is unable to be displayed directly. Another option that was shared was to create a story on the social media profile with the logo (specifically Instagram) and then pin that story as a highlight on the profile. This seemed to be the “a-ha!” moment for a lot of attendees. That idea got a lot of positive responses and a lot of folks said “I’m definitely going to try that!” This is why I love doing these roundtables. Even though this piece of advice might not seem groundbreaking, it’s an excellent example of how ideas and best practices can be shared with one another. It also shows that you’re not alone with your concerns or challenges-if you’re running into them, it’s likely that others are too, and some may even have a resolution for you! Join Our Next Roundtable Here at PerformLine, we’re always looking for ways to connect with other compliance professionals to discuss the latest trends happening in your industry. During our roundtables, there is no one expert in the room-you are ALL experts! When you join us, we hope that you will turn your camera on, bring your voice, and be open to sharing your thoughts and best practices. This leads to an engaging conversation with others that simply want to connect with like-minded professionals. Check out our upcoming industry roundtables here.
Accidents Happen, are You and Your Family protected? Pete Tarr Insurance, located in Delta, Colorado, offers extensive Coverage Plans to cover all aspects of life. Types of Insurance Pete Tarr Insurance offers: Fires are usually devastating, causing irreparable damage. Ensure your Home is protected against Damage. Call Pete Tarr to learn about what Coverage Options are available to you. Auto accidents happen only too often, protect yourself and your finances by purchasing an Auto Insurance Policy with Pete Tarr Insurance. Pete Tarr Insurance shops the Market regularly to find the best coverage deals throughout Delta, Colorado, and surrounding areas. Business Insurance is a necessity. The most important and sought after Coverages are: General Liability Insurance and Professional Liability Insurance. These coverages ensure you are protected from lawsuits. Lawsuits can come in many forms, from Bodily Injury Claims and Property Damage Claims to Errors and Omissions. Ensure your Business is protected with Pete Tarr. Pete Tarr, a Local Insurance Provider located in Delta, Colorado provides extensive Farm Coverage Plans to suit your needs. We understand that a farm is a huge investment and to most Farm Owners it is their livelihood. Making small monthly payments can protect you from loss and give you peace of mind. Not only does Pete Tarr Insurance know how to effectively shop the market for exceptional coverage plans, but Pete Tarr Insurance also knows how to get the best deals for value and price! Give us a call today to learn more..
The problem of identity theft continues to grow. Every year, people file more complaints with the Federal Trade Commission (FTC) about identity theft than anything else. In recent years, more than 1 million identity theft victims report their cases to the FTC. Much of that identity theft could be prevented if consumers would only freeze their credit files with the major credit bureaus. The three bureaus are Equifax, Experian and TransUnion. It’s free for consumers nationwide to freeze their credit files. And it’s easy. It takes only about 20 minutes by phone. It can take twice as long if you do it online in part because you have to create accounts. Freezing your credit files prevents new credit cards or loans from being opened in your name. A frozen file can also prevent someone from getting your income tax return in some states or accessing your Social Security account online. Despite the ease of freezing your files and the risks of not doing it, various surveys indicate that only between 10 and 20 percent of consumers have frozen their credit files. It’s likely you wouldn’t consider leaving your home unlocked and your front door open while you’re out of state on vacation. Leaving your credit files open for identity thieves is similar. What information do you need? - Your full name. - Your current address. - Your previous address (if you’ve lived at your current address for less than two years.) - Your Social Security number. - Your date of birth. - Your cell phone number. - A six-digit PIN. TIP: Think of your six-digit PIN ahead of time. For now, TransUnion requires you to generate your own PIN. Don’t make it something like your birthdate or any part of your SSN or phone number or address. What to know before you start freezing your files Have all of your information written down in front of you, including your birthday and Social Security number if you’re not used to providing verbally. Yes, you can remember your birthday. But you might get flustered when asked to quickly provide Jan. 5, 1990, as two numbers for the month, two numbers for the day and four numbers for the year. It’d be 01/05/1990. Don’t get confused and accidentally choose a lock or a fraud alert. You want a freeze. A lock may cost money and isn’t regulated. Freezes by law are free and must comply with federal law. Don’t buy identity theft monitoring or any other service. You don’t need a credit or debit card to freeze or thaw your file. If you get asked to enter payment information, you’ve gone down the wrong road. Don’t try to multi-task when freezing your files. You should just sit down and focus for a few minutes and you’ll breeze through it. But you have to pay attention. For example, if doing by phone, sometimes you need to enter the pound key (#) after your entry and sometimes you don’t. You need to listen closely. Don’t have your phone on speaker. The services operate on voice recognition software. The credit bureaus’ computers often pick up background noise and may misinterpret sounds or may hang up on you. If freezing your files by phone, make sure you’re in a private place, and strongly consider turning off Alexa or any other devices that listen to your voice. Don’t worry about providing personal information. Yes, you must provide your Social Security number and other information that you’re right to be protective of. But the credit bureaus already have all of this information and a whole lot more. Just make sure you’re going calling the correct phone numbers or going to the correct website. When asked to enter a date for the freeze to take effect, don’t enter today’s date. Generally, it won’t work unless you provide a date of tomorrow or later. If you make the request by phone or online, the credit bureau by law must freeze your file within one business day. Make sure you keep your records of your PINs/passwords in a secure place, such as your file cabinet or wherever you keep your Social Security card, birth certificate, etc. It can be a pain to try to thaw your files if you can’t find your PIN. And if you’re unfreezing/thawing your files Think about how long you want the thaw to last and write that down. If you’re applying for a credit card tomorrow, you should leave your files thawed for a few days. If you’re applying for a car loan, you should leave your files thawed for at least a week. If it’s a mortgage, it should be six to eight weeks because most lenders check your credit files immediately and again at the end of the underwriting process. Speaking of unfreezing. Yes, you can thaw all three of your files in about 15 minutes if you have all of your information. And yes, the thaw will kick in in just a few minutes. But you still shouldn’t wait until the last minute if you can avoid it. If you’re planning to rent a home and a credit check is required, or buy a car and apply for a loan later this week, then thaw your files today and leave them unfrozen for a week or two. Before calling to unfreeze your files, write out your information just like you did to freeze them. Also, write out the date you want your files to thaw and when you want the freeze to resume. So if you wanted to thaw them on September 14, 2023, and refreeze them on September 28, 2023, it’d be: Thaw on 09/14/2023 and refreeze on 09/28/2023. What to do to freeze or unfreeze/thaw your files To freeze or thaw your credit files with the three major credit bureaus, you can do it by phone or online. While I prefer to do many things in life online, I personally think it’s easier and faster to freeze your credit files by phone. There are fewer options to get confused by. You just follow the prompts. You don’t have to provide an email address or fill in your personal information online, which rightfully concerns many people. Two additional upsides of freezing/thawing by phone: First, you can thaw your files more easily by phone if you’re not home. (It might be quicker with an app, but we don’t like unnecessary apps that track you and pilfer your information.) Second, if you freeze/thaw online, you have to be careful to uncheck any box that automatically gives them permission to send you marketing and other emails. To freeze or unfreeze/thaw your credit files by phone To freeze or unfreeze/thaw your credit files online (If you’re going the online route, see screenshots of what the bureaus’ landing pages look like at the bottom of this page, so you don’t end up on a scam site.) What does it mean to freeze your files? Anytime you apply for a new credit card or loan, the bank will check your credit score and evaluate your ability to repay the account. If you freeze your credit files, it means no bank or credit card issuer could access them. Therefore, it wouldn’t open a new account in your name because it wouldn’t be able to determine your credit score, how much you already owe and how well you repay existing debts. So freezing your files puts a big padlock on your personal information and protects you. In addition, many state and federal offices verify identity by generating quizzes based on personal information from your credit report, such as a past address or the name of the bank where you had a car loan. Until frozen files are thawed, no one can confirm your identity, meaning your income tax return can’t be submitted electronically in some states and a Social Security account can’t be accessed online. What freezing doesn’t mean? - Freezing your credit files does not prevent fraud involving existing accounts, which could still occur if you lose your credit or debit card. - It does not affect your ability to open a checking or savings account. - It does not directly increase or decrease your credit score. - It does not affect your ability to check your own credit report. - It does not affect your ability to get credit information from services such as Credit Karma, Credit Sesame, etc., if you have already created an account with one of them. (However, consumers should know these services often share your personal information for marketing or advertising purposes.) What are the consequences of not freezing your files? Identity theft victims can expect to spend an average of 28 hours untangling the mess, including filing police reports, disputing charges, submitting affidavits (sworn statements) and getting credit reports corrected. Take 20 minutes sometime in the next week to take care of yourself. Heck, maybe even put it on your calendar like any other commitment. Twenty minutes is a lot better than 28 hours. The landing pages for credit freezes look like what’s below in September 2023. Watch out for imposter sites. Don't just click on a search result without verifying the URL. Consumer Watchdog, PIRG Teresa directs the Consumer Watchdog office, which looks out for consumers’ health, safety and financial security. Previously, she worked as a journalist covering consumer issues and personal finance for two decades for Ohio’s largest daily newspaper. She received dozens of state and national journalism awards, including Best Columnist in Ohio, a National Headliner Award for coverage of the 2008-09 financial crisis, and a journalism public service award for exposing improper billing practices by Verizon that affected 15 million customers nationwide. Teresa and her husband live in Greater Cleveland and have two sons. She enjoys biking, house projects and music, and serves on her church missions team and stewardship board.
Real Property Research Group, Inc. (RPRG) is a national real estate market research firm with offices in Columbia, Maryland, and Atlanta, Georgia. RPRG serves lenders, developers, homebuilders, investors, nonprofit organizations as well as state and local government agencies. Our mission is to assist clients in maximizing real estate development opportunities and minimizing risks by providing an understanding of relevant market conditions and trends. To gain a further understanding of what we do at RPRG and how we utilize our skills and expertise to assist our clients, explore the links in the product experience section below or the menu of service types provided in the slideshow above. Projects include those funded by federal tax credits, USDA or HUD subsidies, and municipal tax-exempt bonds. Projects include those utilizing convential financing and/or HUD mortgage insurance. Project include new home communities, mixed-use developments, and community assessments. Projects include age restricted apartments, independent / assisted living, and CCRC's. Projects include master-planned communities, residential over retail, and commercial uses. Regional, community-wide, and project/sub-market specific analysis of past, present, and future economic trends.
After a long legislative odyssey, the House passed the broad health care reform package on Sunday evening by a vote of 219-212. This legislation is identical to the Senate bill adopted on Christmas Eve and is now ready to go to the President. As CongressDaily noted: The House took a historic vote late Sunday night to approve an overhaul of the nation’s healthcare system after more than a year of debate, a few near-deaths for the measure and an intense final week marked by loud and angry protests outside the Capitol. The House also adopted 220-211 a package of “fixes” to the larger bill that will now go to the Senate for consideration. This narrower package makes numerous changes to the broader bill, including imposing a new 3.8 percent tax on unearned income that hits S corporations, and will be considered in the Senate under reconciliation rules that only require a simple majority vote. The Senate vote is expected to occur later this week and, by all accounts, the Senate Democrats have the votes to prevail. (Note: There are two remaining bumps in the legislative road to look out for. First, there is a lot of talk about a possible Social Security point of order that would bring down the entire “fix” bill. Second, there are numerous so-called Byrd Rule violations in the “fix” bill that will need to be removed, which means the Senate “fix” bill will differ from the House version. That means a conference and a more protracted debate.) About a month ago, we predicted that health care reform would stall and eventually be set aside by other legislative priorities. Its adoption yesterday demonstrates both the risk of trying to predict the future, and also the determination of the Obama Administration and Congressional Leadership to see this effort through. It’s an impressive legislative victory, albeit a costly one for private enterprise. S-Corp Leads Response Last week was a busy one for your S-Corp team. Early in the week, we learned that the House would consider, as part of the health care “fix” bill, a new 3.8 percent tax on certain types of income. While the tax has been inflicted with various labels — in a nod to reality, the House dumped the original “Medicare Tax” title — the simplest description is that it’s a tax on investment income — just about any taxable investment — including S corporation and partnership income attributed to non-active shareholders and partners. So, if your income is high enough and you invest in Microsoft, you’ll pay this tax on any dividends or capital gains Microsoft earns you. Similarly, if you invested in your daughter’s S corporation, you also pay the new tax. In response, your S-Corp team quickly organized a business community letter opposing the new tax in the strongest terms. The letter, sent to Hill leadership and signed by 24 small business groups, makes the case that this new tax is going to hurt job creation and economic growth in future years. As the letter states: Finally, while the tax has been described as applying to the “unearned” income of only a few taxpayers, it is actually a direct tax on the majority of taxable savings in this country. In 2007, households with incomes exceeding $200,000 accounted for 47 percent of all interest income, 60 percent of all dividends, and 84 percent of all capital gains reported on tax returns. Businesses and workers rely on these savings to increase their productivity and wages. At a time when businesses are having a hard time accessing credit, millions of workers are unemployed, and the entire economy needs to recapitalize, raising taxes by this amount on that much capital is simply reckless. Despite this harm, the House retained the provision. It now heads to the Senate. While we expect the Senate to adopt the tax as well, the tax itself doesn’t take effect until 2013, giving the S Corporation Association and our allies two years to educate policymakers on why this is a really bad idea. The “3.8%” Tax and Future Tax Rates Peter Cohn in CongressDaily has an interesting piece on where tax rates, especially the tax rate on dividends, are headed in the next couple years. Here’s the lead: Democrats may be boxed in to letting the tax rate on dividends for upper-income earners top 40 percent in January — or coming up with tens of billions of dollars to pay for a lower rate — due to new budget rules signed into law in February. The general assumption has been that Democrats will enact President Obama’s tax policies, averting that scheduled increase by capping it at 20 percent for wealthier earners. But the pay/go law only assumes the dividend rate will stay at its current 15 percent for middle-class taxpayers. For the wealthy, the rate would revert to its pre-2003 levels corresponding to ordinary income tax rates, unless Congress finds a way to pay for holding it to 20 percent. With Federal deficits exceeding $1 trillion, we’re not holding our breath here that the same Congress that just imposed a new 3.8 percent tax on investment income would turn around and cut the base tax rates on that same category of income. Which means, coupled with where the marginal tax rates are scheduled to go already, the new 3.8 percent tax has the potential to drive tax rates to their pre-1986 levels — capital gains rates would be 25 percent while the tax on interest, dividends, royalties, and other forms of investment income would be nearly 45 percent. More from Peter Cohn: Observers outside the Beltway are baffled why the issue isn’t getting more attention. “I don’t think anyone is really focused on the dividend tax,” said Jeffrey Kwall, a professor of tax law at University of Loyola Chicago Law School. “And I don’t think people have really thought through what kind of impact it would have on the market” for the top rate on dividends to skyrocket by 165 percent. Congress spent a year focused on expanding the Federal government’s obligations to health care while ignoring one of the most basic issues affecting the economy and job creation — the after- tax rate of return on investment. Outside observers should be baffled.
If the recent “Great Resignation” has affected your business, then you know how important it is to retain workers. Luckily, there are proactive measures for keeping the best workers, like offering medical benefits. The Kaiser Family Foundation says that approximately 58% of small organizations and 99% of large organizations offer health benefits to some of their staff. TeamStage reports that 83% of businesses are considering increasing their wellness benefits for the future. The Bureau of Labor Statistics recently gave a report that suggests employers recently paid 78% of single coverage plans for medical care premiums and 66% of the premium for family coverage plans. You can improve employee retention by offering good medical benefits, including dental insurance, vision insurance, life insurance, long term disability, and short term disability. Here is why. The Cost of Turnover Before we discuss in further detail how much medical benefits mean to workers today, let’s talk about the cost to replace an employee. It is more than you may think. SHRM suggests it costs an employer six to nine months of a worker’s salary, on average, to replace an employee. If you have an employee with an annual salary of $60,000, that means that recruiting for that position can cost between $30,000-$45,000 for recruitment and training. Professionals will tell you that retaining employees cost less than turnover. Robert Half reports that 38% of workers leave their current employer due to “inadequate salary and benefits.” Retaining Workers with Benefits You are competing with other businesses. You compete for market share and sales. Not only that, but you are also fighting your competitors for top talent. It is not uncommon for a competitor to contact your employees, trying to sway them to come to join their team. It is critical that you tailor your benefits package in a way that is magnetic to most employees. You want to attract a worker with your benefits and ensure that they stay with you for the long run. One way you can go about discovering what is important to workers in the job market is to survey your current employees. Ask them what type of benefits are important to them. Also, ask what additional benefits out there will interest them. Medical Benefits are Most Common Consistently, medical benefits are highly desirable to workers. It is not surprising given that healthcare is very expensive. In fact, without employer-sponsored insurance, it is unaffordable to many. Coming out of the COVID-19 pandemic, good medical benefits are more important to workers than ever. Here lies the opportunity. A Complete Benefits Package If you are in a market or industry where there is a lot of competition for top talent, then a generous benefits program can be what separates you from the pack as the employer of choice. Doubling down on medical benefits, in fact, maybe the best option. You will want to seek a vision and dental insurance provider for small to mid-sized companies to help you with offering a robust benefits package. Today’s workforce will also appreciate an employer who offers life insurance, long term disability, and short-term disability. We Make it Simple As Semple Solutions, our name says it all. We focus on solutions, and we have every client’s best interest at heart. Beyond rates, we can find a creative solution to help you maximize your benefits with the most effective cost to you, the employer. We are happy to take the time to learn about your business. Contact us today, and let’s find a medical benefits package that fits your business and your employees.
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Salary sacrifice has been used by employers to provide a wide range of benefits to employees. However, changes to such schemes, announced in November’s Autumn Statement, mean that employers who have these arrangements in place must prepare themselves to make sure they adhere to these new rules. The change in legislation is due to the government’s previously expressed concerns regarding the growing use of salary sacrifice arrangements, especially as the employee is effectively paying for the benefit themselves through the reduction in their gross pay, with the government collecting less tax and national insurance as a consequence of the salary sacrifice. The government published its consultation on 10 August 2016 which included the framework to address the perceived inequality created using salary sacrifice. On 5 December 2016 The Finance Bill 2017 was published and contains the provisions which are intended to eliminate the tax advantages previously obtained by entering into a salary sacrifice. The new legislation will come into effect from April 6th 2017. It is proposed that where an employee enters into any salary sacrifice after April 5th 2017 a tax charge will be based upon the greater of: - The salary sacrifice; or - The cost to the employer in providing the benefit This approach will apply even where the benefit is normally exempt from tax and Class 1A National Insurance. It has also been confirmed that the provision of the following favourable benefits will be outside the scope of the ‘optional remuneration arrangements’: - pension contributions; - pension advice; - childcare arrangements; - cycle to work schemes; and - ultra-low emission cars It will be possible for the above benefits to continue to be provided as part of a salary sacrifice arrangement and not be subject to the new legislation. The government has confirmed employers will be able to make available ‘intangible benefits’, such as additional leave, by entering into flexible working arrangements via salary sacrifice without invoking the new legislation. Employers can proceed with a degree of certainty and the ability to adopt salary sacrifice for employee pension contributions for those employees who do not participate in a defined benefit pension scheme. This will prove exceedingly helpful bearing in mind the requirement under the Workplace Pension Regulations where there will be a requirement for both the employer and employee to make combined minimum pension contributions of 8 per cent by April 6th 2019. The draft legislation includes transitional rules which will help employers and employees adapt to the proposed changes. Under the transitional rules, where an employee has entered into an arrangement before April 6th 2017, they can continue to benefit from the tax and National Insurance advantages under the salary sacrifice until 2018. Where the arrangement relates to one of the following benefits, the transitional period will be extended to April 2021: - Living accommodation; and - School fees However, the transitional period will be foreshortened where one of the following events occurs before the end of the transitional period: - The arrangement comes to an end; or - There is a change to the arrangement; or - Modification to the arrangement; or - Renewal of the arrangement The first of the ‘tests’ is fairly clear cut and should represent a natural end of the benefit being provided. However, the remaining ‘tests’ will present some challenges for the transitional rules to be provided up to either April 2018 or 2021. The following example summarises the position as it relates to the provision of gym membership in conjunction with a salary sacrifice. The current salary sacrifice arrangement is due to come to an end in August 2017. The member of staff enters into a new salary sacrifice arrangement in respect of the gym membership from September 1st 2017. Whilst both agreements have been entered into before April 2018, there has been a renewal of the arrangement and under the transitional provisions the tax advantages derived under a salary sacrifice will cease to be effective from August 2017. Under the optional remuneration arrangement legislation the employee will be liable to tax and national insurance from September 2017 on the greater of: - The salary sacrificed; or - The cost to the employer in providing the benefit It is unlikely the employee will be better off by entering into a new salary sacrifice arrangement beyond August 2017. Other points to consider Employers will also need to consider the following as a consequence to the new legislation: - Once the salary sacrifice arrangement comes to an end the employee’s earnings will revert to their pre-sacrificed amount which will be liable to income tax and national insurance; - Depending upon the nature of the benefit provided, for some employees this could mean they will be liable to income tax at a higher rate; - The employer will potentially have an increased national insurance liability; - The employer will also have an increase in earnings for the purpose of calculating the apprenticeship levy; - Potentially there will be an increase in pension contributions although this will be dependent upon whether the employer arranged for pension contributions are currently calculated by reference to the pre or post sacrificed salary; - For the employee the following points will need to be considered: - Annual allowance; - Lifetime allowance; and - Increase in pension contributions - The impact on earnings related State benefits and other salary linked entitlements. The following are key action points you should be considering: - Employers who are affected by the changes should consider responding to the consultation in respect of the draft legislation. The consultation period is due to end on 30 January 2017; - Advise employees that tax efficient salary sacrifice arrangements are due to come to an end and whilst there are transitional rules in place until 2018 (extended to 2021 for selected benefit arrangements) the likelihood is that the current year’s arrangement will be last which can be provided via an effective salary sacrifice arrangement; - Consider varying the existing arrangements before April 5th 2017 in order to fully maximise the transitional period; - Arrange for any new participants to enter into arrangements before April 5th 2017; - Advise employees that salary sacrifice can continue, or be introduced in respect of favoured and intangible benefits; - For employers with a payroll cost of £3 million or more it will also be necessary to take into account the impact of the apprenticeship levy which is due to commence on 6 April 2017; and - Where employers are not already doing so, consider offering salary sacrifice in respect of pension contributions, as well as the other favoured benefits. The changes within the draft legislation are far reaching, going beyond preventing the use of salary sacrifice arrangements in the future. It will require employers to review their existing arrangements and consider the impact the new legislation will present to you. Nick Bustin, is director of employment tax at haysmacintyre.
- Emergency Consultation Services - Risk Management Services - Who We Are - Our People - What We Do - Why We Are Different - What’s New - Where We Are By: Allan J. Hayes SB 118 amends the age limit on the current autism coverage statute (O.C.G.A. § 33-24-59.10). As finally passed, the bill requires coverage for an individual covered under a policy or contract who is 20 years of age (previously 6) or under. Also, as amended the bill removes the requirement that coverage for prescription drugs for the treatment of autism spectrum disorders shall be in the same manner as coverage for prescription drugs for the treatment of any other illness under the policy, and increases the annual limit on ABA to $35,000 HB 818 provides that contracts between a health insurer or its contracted vendor or a care management organization and a health care provider shall not contain restrictions on methods of payment to the provider in which the only acceptable payment method is a credit card payment. Prior to initiating or changing payments to a health care provider using electronic funds transfer payments, including virtual credit card payments, a plan shall notify the provider of all fees associated with a payment method, and provide clear instructions as to how to select an alternative payment method. HB 783 provides for modernization and updates of the Official Code of Georgia Annotated for purposes of conformity. Also provides that any assets of the Commission on the Georgia Health Insurance Risk Pool existing as of June 30, 2018, shall devolve by operation of law and without further action on July 1, 2018. Any liabilities and obligations of Commission 2018, shall be transferred to and assumed by the State of Georgia, by such instruments as may be required to maintain the same. HB 769 amends statutes regarding institutional and hospital pharmacies regarding remote order entries. Provides that remote orders must be made by a pharmacist licensed in the state but does not have to be in the state. Authorizes remote orders when the licensed pharmacist will be physically present in the hospital pharmacy within 48 hours (previously 24) and removes the requirement that at least one licensed pharmacist be physically present in the hospital pharmacy. Also provides for the establishment of the Rural Center for Health Care Innovation and Sustainability, revises provisions relative to certificate of need, establishes micro-hospital definitions, and provides a grant program for insurance premium assistance for physicians practicing in medically underserved rural areas of the state. HB 64 requires any carrier that issues a health benefit plan in this state through an agent to pay a commission to such agent and shall not structure such commission in a way that directly or indirectly discriminates in the amount of compensation paid to such agent for the sale of a group health benefit plan or for the sale of an individual health benefit plan. Such commission shall be structured to compensate the agent for the first term and for each renewal term thereafter, so long as such agent reviews coverage and provides ongoing customer service for such plan; provided, however, that no such compensation shall be required for any individual health benefit plan sold during a special enrollment period. This shall not apply to renewals of any individual health benefit plan sold during a special enrollment period that renews during the open enrollment period. Nothing shall be construed to require a carrier to pay a commission to an agent who is employed by such carrier. HB 782 authorizes the Georgia Drugs and Narcotics Agency to request prescription information to a prescription drug monitoring program operated by a government entity in another state or an electronic medical records system operated by a prescriber or health care facility, provided the program or system, as determined by the department, contains legal, administrative, technical, and physical safeguards that meet or exceed the security measures of the department for the operation of the PDMP. HB 513 allows the Department of Community Health to promulgate rules for a sign to be developed and posted at any medical facility, fire station, or police station to inform the public that the facility is an authorized safe place to leave a newborn child. This is to prevent injuries and deaths of newborn children who are abandoned. HB 701 amends definitions for drug testing for state employment to allow testing for all forms of opioids. It shall not be defined as an “illegal drug” pursuant to a valid prescription or when used as otherwise authorized by state or federal law. HB 769 implements recommendations from the House Rural Development Council relating to health care issues. The bill revises provisions relative to pharmacy practices, as well as provisions relative to credentialing and billing. This legislation provides for the establishment of the Rural Health System Innovation Center and the establishment of micro-hospitals. Also, HB 769 provides for a grant program for insurance premium assistance for physicians practicing in medically underserved rural areas of the state. The bill also increases the value of the tax credit to 100 percent related to contributions to rural hospital organizations. SB 357 establishes the Health Coordination and Innovation Council of the State of Georgia. The council will create a forum for innovative ideas, evaluation, maximization of resources, and an organized health care approach. SB 364 authorizes a higher supervisory ratio for physician assistants who have completed a board-approved anesthesiologist assistant program. No primary supervising physician shall have more than eight physician assistants who have completed a board-approved anesthesiologist assistant program licensed to him or her at a time. HB 257 streamlines the reporting process for local government authorities to file their statutorily-required reports to the Department of Community Affairs. It also narrows the dates of reporting from two dates to one. HB 489 requires the use of the Georgia Procurement Registry for advertisement of bid opportunities for goods and services and public works construction contracts by a county, city, or local board of education. The registry will be free to use by the local government. HB 618 is a bill to incorporate the city of Skidaway Island. HB 626 is a bill to create the city of Sharon Springs. HB 899 removes the disqualification of bidders without experience with the “construction delivery method” when awarding contracts for public works projects through sealed competitive bids. HB 995 provides a process for a consultant to disclose any conflicts of interest when contracting for services with a local governing authority. SB 263 authorizes a local referendum for the creation of the city of Eagles Landing. SB 397 allows counties and cities to contract with real estate agents or brokers to market county or city-owned property. SB 404 prohibits local governing authorities from charging a separate fee for standby water service for fire sprinkler systems. HB 381 creates the ‘Abandoned Mobile Home Act’ to provide counties and municipalities with the authority to appoint an agent to determine the condition of a mobile home and how to dispose of the property. The bill also establishes procedures for a landowner to follow if the landowner wishes to remove an abandoned mobile home from his or her property. HB 64 requires insurance carriers that sell health insurance through an insurance agent to provide the agent with a commission that is consistent with the amount proposed in the rates filed with the Department of Insurance. HB 592 repeals the sunset on the compliance self-evaluative privilege for insurance companies. This privilege allows insurance companies to fix issues arising from an internal audit without suffering reprisal by regulators for the original mistake. HB 754 allows a Georgia domestic insurer to divide into two or more insurers and allocate assets and obligations, including insurance or reinsurance policies, to the new company. It does so by creating a process that is distinct from a merger, consolidation, dissolution, or formation. HB 760 allows property and causality insurers, at the time of policy renewal, to simply notify the insured of reduction of coverage in the policy without having to cancel the existing policy and offer a new one. HB 878 allows insurers and/or insurance agencies to let their insureds cancel their policy over the telephone. HB 938 provides for a limited credit insurance agency license for the specific purpose of selling credit insurance. SB 350 updates Georgia law regarding the notice requirements for an insurance company or agent to their policyholders in the case of policy renewal to comport with federal law. SB 381 provides that a non-admitted insurer domiciled in this state is deemed a domestic surplus lines insurer, if all qualifications are met, and can sell surplus line products in Georgia. SB 369 authorizes the clerk of court to collect a $5.00 fee when an individual enrolls in a pretrial diversion program, and to submit those monies to the secretary-treasurer of the Peace Officer’s Annuity and Benefit Fund. SB 407 constitutes the reforms and recommendations offered by the Criminal Justice Coordinating Council. The bill allows the Criminal Case Data Exchange Board to create rules concerning e filing in superior and state court criminal cases after January 1, 2019. In addition, all civil complaints in superior and state court are to be filed electronically after July 1, 2019. HB 978 amends the Code relating to school buses to make it lawful for drivers who meet or pass school buses on a highway with separate roadways or a divided highway, including but not limited to, a highway divided by a turn lane. The bill also allows for the use cameras on school buses to be operated, maintained, or leased to a law enforcement agency and for the recorded images to be reviewed by the agent who provides this service to law enforcement. The bill further allows for placement of an automatic traffic enforcement device within a school zone after the school has applied for a permit from the Department of Transportation for the use of such device. HB 419 expands the ability for local governments to regulate the ignition of fireworks through local noise ordinances. The bill adds Memorial Day weekend and Labor Day as holidays when local ordinance cannot prevent fireworks from being ignited; however, when areas of the state come under drought conditions, the governor can restrict the use of fireworks. Also, all dealers of fireworks must post the license authorizing the dealer to sell fireworks. SB 17 allows for a local referendum to lower the initial time to allow for Sunday sales of alcohol from 12:30 p.m. to 11:00 a.m. for any licensed establishment that derives at least 50 percent of annual gross sales from the sale of food or a licensed establishment that derives 50 percent of annual gross income from the rental of rooms for overnight lodging. HB 930 creates the Atlanta-region Transit Link “ATL” Authority. This authority is attached to the Georgia Regional Transportation Authority (GRTA) for administrative purposes and will serve as the transit planning organization for the 13-county metro Atlanta region. The region is comprised of the counties currently under the jurisdiction of GRTA: Cherokee, Clayton, Coweta, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding, and Rockdale Counties. The bill establishes the governance structure of the ATL, as well as funding mechanisms. The ATL oversees all transit planning, funding, and operations within the region. HB 658 extends the sunset date to December 31, 2053 for the eight percent hotel/motel tax allowed in a county where a coliseum and exhibit hall authority were created on January 1,1991. HB 820 amends Article 2 of Chapter 5 of Title 48, relating to property tax exemptions and deferral, by adding a new section which allows a homestead exemption from the ad valorem taxes for municipal purposes in an amount equal to the amount by which the current year assessed value exceeds the adjusted base year value of the homestead. HB 918 is the “Largest Tax Cut in Georgia History.” It includes the following changes: The bill also doubles the state income tax standard deduction to $4,600 for single filers, $3,000 for married filing separately, and $6,000 for married filing jointly. The top personal income tax bracket rate and the corporate income tax rate are reduced to 5.75 percent in tax year 2019 and 5.50 percent in tax year 2020. The rate reduction for 2020 is dependent upon the General Assembly passing a joint resolution affirming the change and the resolution being signed by the governor. The changes in this bill expire on December 31, 2025. The bill also states that there shall be no liability for title ad valorem tax fees when obtaining a replacement title on a vehicle that is not less than 15-years old when the commissioner of the Department of Revenue is provided proof that the title no longer exists. HB 684 is the $26.2 billion Fiscal Year 2019 budget. Highlights include: If you have any questions or would like more information, please contact Allan Hayes at [email protected].
Star Capital Annuity has a single goal: Provide financial advisors with an ethical and stable strategy to aid their clients in the mature marketplace. By applying creative strategies to distinguished products we are able to pledge our expertise to the security of your client’s financial independence. In times as unstable as these, we want to usher in an evolution of financial security. Both of us have personally seen the danger and been directly impacted by those closest to us not being properly guided or prepared in securing their future and retirement. We want to help in the education of our advisors and their clients to make these problems a thing of the past. The life expectancy for the average American is getting longer. Your clients not only need to plan for their retirement, but they have to expect that retirement could be a lot longer than they might have foreseen. We want to show you how you can secure your client’s nest egg through several different types of fixed annuities and life insurance products. In or Life Insurance division, we help our clients protect and ensure their families future. In our Annuity division, we secure your financial future through our various safe long-term planning solutions. Take the first step toward building your business and diversifying your offerings to your customers in a sophisticated and ethical way. Partner with Star Capital and let us help you grow your business.
Lottery is an activity where a random drawing is used to determine winners of a prize. The winner may be given a fixed amount of money or goods, or other prizes such as a vacation, cars or housing. Lottery is a popular way to raise funds for public purposes such as building schools and hospitals, or providing financial assistance to the poor. It is also a form of gambling, which is often illegal, but is widely accepted in many countries and is regarded as a low-risk activity with a high potential reward. The lottery is a good way to raise large sums of money quickly, but it is not without its risks. It is considered to be addictive, and people who play it can find themselves spending more and more money, sometimes even sacrificing their financial stability in the process. There are also stories of people who become less happy after winning the lottery, which is not surprising considering that it is a form of gambling that relies on luck. In the past, lottery tickets were usually sold in shops and other public places. The earliest records of lotteries were found in the Low Countries, where towns would hold public lotteries to raise money for town fortifications or to help the poor. These early lotteries were often accompanied by music and food, making them more like dinner parties than a traditional gambling game. Lotteries have a long history, and people have been drawn to them for centuries. Some people argue that the lottery is a form of taxation, but it is not as transparent as a normal tax. The amount of money that is awarded in prizes is deducted from the total pool before it is distributed to the winners, and a percentage of the total pool is normally used for organizing and promoting the lottery. Although there are no guarantees, some experts say that you can increase your chances of winning the lottery by using a proven strategy. For example, you should choose numbers that are not in a group, and avoid numbers that end with the same digit. Another method is to buy Quick Picks, which are a combination of numbers that have been drawn in previous drawings. You can also try to select numbers that are not very common, so that you will have a greater chance of winning if you do win. Many states run their own lotteries, and the proceeds are used for various public services. However, there are some critics who believe that the state should not be in the business of running a lottery, as it can be addictive and lead to financial ruin. There are also concerns about the effect that the lottery has on lower-income families, as it encourages them to spend more of their income on tickets and other related expenses. In addition, lottery revenues are often a hidden tax on consumers, and they can eat into the amount of money that is available for other priorities such as education.
President Biden announced the student loan forgiveness new program which will allow those with a federal student loan to have their debt forgiven after ten years of payments. It is an excellent opportunity for those struggling to pay off their loans and looking for relief. This program will help people with federal student loans that have a high balance and lower incomes. It may also help those having trouble making their monthly debt payments. If you're a college graduate, you may be excited by President Joe Biden's student loan forgiveness program. His plan would cancel all federal student loan debt for undergraduates who qualify. However, it's unclear whether this will provide a real solution to the student debt crisis. The new plan is designed to allow college graduates to reduce their monthly loan payments, although this will be limited to borrowers earning less than $125,000. But where does President Biden’s proposal stand today? While many students and their families expect a positive decision from the federal court, everyone agrees that anything could happen. Here are some recommendations we have put together, so you don’t waste precious time sitting and waiting for a decision. Set Money Aside You should save the money you would have used to make your monthly loan payments while everyone waits for President Biden's proposal to forgive student loans to be approved. Pay Off a Different Debt If you are a student loan borrower, you can pay off any other debt you may have now while you are not required to pay for your federal student loans. You Can Continue with Your Regular Student Loan Payments It is only valid if you did not apply for an income-driven repayment plan or if you are not going after public service loan forgiveness. Prepare for Any Outcome No matter the outcome of the decision regarding your federal student loan repayment, you need to be ready. If you are facing financial hardship, you can study the possibility of applying for forbearance, deferment, or any other repayment plan options depending on your situation and needs. Take into consideration that some of these options will still accrue interest. Do Research on Refinancing Although refinancing a loan is not the ideal solution for everyone, it might be the perfect solution for you. Do as much research as possible and seek professional help to make an informed decision about whether to get a refinancing. If you have any questions about the student loan forgiveness program, contact Student Loan Forgiveness USA. We have been in the student loan industry for many years and want to share the extensive knowledge we have gathered with students struggling to understand the multiple options available to repay their debt. Contact us now!
Term life insurance is simple coverage that offers a straightforward payout and expires after a set period of time (or term) such as 15, 20 or 30 years. Term life insurance is the most affordable option and often provides you the flexibility to convert to a more permanent option (whole life) when the time is right. There are many reasons why you would get a term life insurance policy, read more on that above in our “life insurance 101” section. You will see different insurance companies brand their products with proprietary names such as level, vantage or protection term policy. This is then followed by the number of policy years you are quoting. Depending on the carrier, each company names their policies differently. We only work with top rated carriers, however, you can see the insurance company’s credit rating (which indicates their financial strength and stability) right alongside the coverage amount and term length. A rider is an additional life insurance benefit that generally requires additional premium. The addition of riders allows your policy to be customized to your specific needs. which provides an additional layer of protection that waives your policy’s premium if you become totally disabled (as defined in the rider) so your policy will not lapse. (which often is included at no additional cost). This protects you if you become terminally ill by allowing you to receive an advance of the policy’s death benefit. After you apply and submit your application, feel free to contact one of Surevested’s experts to discuss rider options or let us know you are interested in adding one. Whole life policies are the most stable with guaranteed cash value amounts and fixed premiums. These policies will last, you guessed it, for your whole life. As long as premiums are paid, your beneficiary will receive the death benefit amount upon your passing. In terms of the savings portion of this policy, the company you choose will take a portion of your premium payments and put them into an invesment or high interest account. These accumulated funds are called cash value and over time they accrue on a tax-deferred basis. Whole and universal life policies are typically made up of two components: an insurance portion and an investment/savings portion, so you will find information within the quote pertaining to both. The cash value of your whole life policy gives you the option to borrow against it, like a loan, in case you need funds in an emergency. Also, if you choose to surrender your policy for whatever reason, you will receive your accumulated cash value back less any surrender charges. On some whole life policies, you could also be offered something called a dividend. This is the portion of the insurance company’s profits that are paid to the policy holder, generally on a yearly basis. This is common among mutual insurance companies rather than publicly traded insurance companies. When you’re on the quote page, if the policy you are quoting offers a dividend, you can see it’s historical rate of return. Universal life or Indexed Universal Life are a bit more complex because they combine some of the features of both term and whole life and their options are variable and adjustable. Universal Life (UL) gives you the option to increase or decrease your death benefit over time and pay premiums on a less predictable basis. This means you can change how much coverage you have if your needs change. Additionally, Universal life policies can allow you to pay premiums over time using the money that has accumulated in your cash value. In a nutshell, UL policies offer some of the guarantees of a whole life policy with the flexibility of coverage change. An Indexed Universal Life (IUL) policy offers the same benefits as a UL policy except your cash value is tied to various well known indexes such as the S&P500 (not to be confused with investing money directly into the stock market). These policies are a bit riskier as interest based performance is not guaranteed. Although many companies offer the same types of policies, each company names their policies differently. We only work with top rated carriers and you can see the insurance company’s credit rating (which indicates their financial strength and stability) right alongside the coverage amount and term length in all the quotes we provide. In order to better understand the savings portion of whole, UL and IUL life policies, you will be able to compare on the quote page how the savings portion of these policies performs compared to other investments like a savings account, a treasury bond and more. If you click on the advanced analytics portion of the quote you can see graphs on the carriers risk and volatility compared to the market, the risk adjusted return and how your premium contributions would compare on a term vs. whole life option. All life insurance quotes come in a full illustration form. These documents are comprehensive overviews of the policy values broken down year to year, possible rider options and information regarding it’s possible performance. If you are interested in your quote’s illustration, simply click on the “View Illustration” button. This can be downloaded and printed if you would like to review it more thoroughly.
United Bank UK has launched a one-year fixed-rate bond paying 1.75%. Savers can invest between £2,000 and £1m. No additions are permitted but early access is permitted on closure of the account, subject to 90 days’ loss of interest. This deal is for savers aged 18 and over and can be operated by branch and post. It’s good because: This is highly competitive and sits comfortably within the top five in its sector. Al Rayan Bank has increased the rate on its 120-day notice Isa, paying 2% (rate indicative of profit). Savers can invest from £250. Transfers-in from cash and stocks & shares Isas are allowed. This deal is for savers aged 16 and over and can be operated by branch, by post, by telephone and online. Al Rayan Bank operates under Islamic finance principles. It’s good because: This competitive rate sits at the top of the market. The fact that interest is paid monthly further adds to its appeal. Santander has reduced its 10-year fixed rate, which is now priced at 2.94% until May 2025. This deal is for customers who borrow between £6,000 and £1m at 70% loan-to-value (LTV). There is a fee of £995, which can be added to the mortgage advance. Incentives include a free valuation worth up to £1,190 for all borrowers, and remortgage customers get the choice of a £250 rebate or free legal fees. There is the flexibility of being able to make overpayments of up to 10% of the outstanding balance. It’s good because: Borrowers looking for a long-term mortgage deal might be surprised by offer. It is the lowest 10-year fixed rate on the market today, and it has a great incentives package. Norwich and Peterborough Building Society has reduced its five-year fixed rate, which is now priced at 2.64%. This deal is for people who borrow from £25,001 at 75% LTV. There is a fee of £1,295, which can be added to the advance. Overpayments of up to 10% are allowed, as are underpayments and payment holidays. It’s good because: This is the cheapest deal in its sector and is likely to prove a cost-effective choice for those who have deposits of 25%.
An AP story posted yesterday analyzes one component of Sen. Obama's taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. plan, which is to exempt all seniors who make less than $50,000 from having to pay federal income tax. The theme of the article is that tax policy experts agree it is bad tax policy. It's a gimmick, just like Sen. Obama (correctly) labeled John McCain's gas taxA gas tax is commonly used to describe the variety of taxes levied on gasoline at both the federal and state levels, to provide funds for highway repair and maintenance, as well as for other government infrastructure projects. These taxes are levied in a few ways, including per-gallon excise taxes, excise taxes imposed on wholesalers, and general sales taxes that apply to the purchase of gasoline. holiday. The article also explains how there would likely have to be an exemption of $50,000 with a phase-out, as opposed to a cliff at $50,000. This would undoubtedly lead to the provision having to cost more than has been estimated by the Tax Policy Center because TPC's estimates assumed the cliff. Given Obama's support for this provision, the new DNC platform has reportedly adopted this as one of its planks (early drafts report). Speaking of which, much of the DNC platform regarding tax policy uses rhetoric that sounds nice (like the exemption for seniors), but if you think about any of them for more than 10 seconds, you end up asking yourself, "What does that even mean?," and probably concluding that it is pure nonsense. (And don't worry, I'm pretty sure you'll find similar meaningless language in the Republican platform on both fiscal and non-fiscal issues when the new platform is released in a few weeks.)Share
Tax-Filer Empowerment Canada Members Sign on to Industry Code of Conduct June 14, 2023 OTTAWA – Tax-Filer Empowerment Canada (TFEC), the national association representing Canada’s tax preparation and software industry, is proud to announce the release of the tax preparation and software industry’s first-ever Code of Conduct to safeguard the privacy and security of Canadians’ tax-filing data. Adopted March 10, 2023, TFEC’s Code of Conduct to Safeguard Canadians’ Personal Tax Information commits Member companies to measures that will ensure that Canadian tax-filers’ personal information is kept secure. The Code of Conduct provides reassurance to Canadians that their tax-filing data is collected only for limited purposes, with informed consent, and will be protected from outside interference and intrusion. It confirms that TFEC Members are in compliance with the terms and objectives of existing Canadian privacy legislation, including the Personal Information Protection and Electronics Documents Act, and comparable provincial legislation. “Nine out of every ten Canadian taxpayers files electronically. Our industry’s best practices on privacy and security have evolved as Canadians increasingly take advantage of convenient electronic filing methods, and today we are pleased to make a public commitment to Canadians that their data is safe in our hands. The personal information entrusted to us has only one use: to file Canadians’ taxes safely and securely,” said Dan Pfeffer, Executive Director of TFEC. Industry has collaborated closely with the Canada Revenue Agency (CRA) to ensure that electronic filing is safe and secure. When Canadian taxpayers file electronically, a secure portal communicates between the filing platform and the CRA. Private sector tax-filing software, including the free versions available to Canadians, are certified annually by the CRA, which entails meeting government software standards and testing by a specialized IT group within the CRA. “TFEC’s code of conduct is a significant step forward for the tax preparation and software industry. It represents our industry’s commitment to the highest standards of privacy and security for the sensitive data Canadians entrust to us,” said Pfeffer. Formed in 2018, TFEC is a 12-member national industry association comprised of Canada’s leading tax preparation and software firms. TFEC members’ services are widely available across Canada, and the organization collaborates closely with the CRA, Revenu Quebec, and other provincial bodies to ensure all Canadians have access to impartial, accurate, and accessible tax preparation and software options. For more information on TFEC and for all media inquiries, please contact:
Embarking on a professional journey is an exhilarating phase for young individuals, marked by new opportunities, challenges, and the promise of financial independence. As young professionals navigate this exciting chapter, making informed and strategic decisions becomes paramount for long-term success and stability. Building a Solid Foundation Establishing a robust financial foundation is the bedrock of success, particularly for young professionals venturing into the dynamic world of personal finance. One key aspect of this foundation is gaining proficiency in effective tools and platforms, and in this context, CFD MetaTrader 4 stands out as a noteworthy ally. CFD MetaTrader 4, renowned among experienced traders, offers a distinctive edge to young professionals aiming to bolster their financial acumen. This trading platform’s popularity stems from its unparalleled customizability and advanced features, enabling tailored market analysis and facilitating automated trading. For those with a nuanced understanding of trading, CFD MetaTrader 4 allows clients to personalize their terminals, displaying multiple live charts simultaneously. This feature is particularly valuable, offering advanced traders the flexibility to overlay technical indicators—whether pre-prepared and purchased or custom-created—providing a comprehensive view of market dynamics. What sets MetaTrader 4 apart is its capacity to condense a wealth of information into a single window, making it the preferred choice for advanced traders. The platform’s user-defined capabilities empower traders to organise windows according to their specific needs, fostering a workspace conducive to strategic decision-making. With a wide array of overlays and technical indicators at their disposal, young professionals can navigate the intricate world of financial markets with enhanced precision and insight. As they build their foundation, integrating tools like CFD MetaTrader 4 positions them for informed decision-making and a comprehensive understanding of their financial landscape. Emergency Funds and Financial Security Establishing an emergency fund is a pivotal step toward achieving financial security, a fundamental aspect of responsible money management for individuals of all ages. This safety net serves as a buffer against unforeseen expenses, offering a shield when life takes unexpected turns, such as medical emergencies, car repairs, or sudden job loss. For young professionals, in particular, having an emergency fund provides peace of mind, fostering a sense of stability that allows them to navigate the challenges of early career stages with greater confidence and resilience. Financial security goes hand in hand with the establishment of an emergency fund, providing a foundation for stability and independence. This fund not only safeguards against unexpected setbacks but also reduces reliance on credit or loans during times of crisis, preventing the accumulation of debt. Beyond the practical benefits, the presence of an emergency fund enables individuals to pursue opportunities and make strategic financial decisions, contributing to an overall sense of well-being and empowerment in their journey. Navigating Workplace Benefits Navigating workplace benefits is a crucial aspect of optimizing your overall compensation package as a professional. Beyond the base salary, employee benefits form a significant part of the total rewards offered by employers. Understanding and maximizing these benefits not only enhances your financial well-being but also contributes to a more comprehensive and tailored approach to your overall compensation. From health insurance and retirement plans to flexible spending accounts and wellness programs, delving into the intricacies of workplace benefits empowers you to make informed decisions that align with your personal and goals. Maximizing your employee package involves more than just enrollment; it requires a strategic approach to leverage the full spectrum of benefits offered. This might include taking advantage of employer-matched retirement contributions, exploring wellness incentives, or optimizing tax advantages through flexible spending accounts. By actively engaging with and optimizing your workplace benefits, you not only enhance your financial security but also position yourself for a more fulfilling and balanced professional journey. Advice from Seasoned Professionals Unlocking the power of networking is a cornerstone of professional success, offering a wealth of financial advice from seasoned professionals who have navigated the intricate paths of their respective industries. Building and nurturing connections within your professional community opens avenues for valuable insights, career opportunities and, crucially, financial wisdom. Engaging with seasoned professionals provides access to a reservoir of experiences and knowledge, enabling young professionals to make informed decisions about budgeting, investing and long-term planning based on real-world scenarios and lessons. Within the realm of networking, financial advice becomes a valuable currency exchanged among professionals. Whether it’s understanding market trends, discovering smart investment strategies, or gaining insights into industry-specific financial practices, the guidance provided by seasoned professionals through networking can significantly impact one’s trajectory. People who actively participate in professional networks not only increase their financial literacy but also cultivate relationships that could result in joint ventures, mentoring and a better comprehension of the complex financial environments that exist within their respective industries. Creating a Strategic Plan Realizing your financial goals hinges on the creation of a strategic financial plan that aligns with your aspirations and navigates the complexities of personal finance. Crafting a comprehensive plan involves assessing your current status, setting clear and realistic goals, and outlining actionable steps to achieve them. Whether your objectives include buying a home, saving for education, or planning for retirement, a well-thought-out financial plan acts as a roadmap, providing direction and purpose to your financial journey. A strategic financial plan not only defines short-term and long-term goals but also incorporates elements of budgeting, savings and investments. It considers factors such as risk tolerance, market conditions and life changes, ensuring adaptability as circumstances evolve. By establishing a financial plan tailored to your unique circumstances and ambitions, you empower yourself to make informed decisions, overcome financial challenges and steadily progress towards the realization of your goals. The journey to financial well-being for young professionals involves a multifaceted approach, encompassing elements like building a solid foundation, creating emergency funds, maximizing workplace benefits, seeking advice through networking and formulating a strategic financial plan. Each of these components plays a crucial role in shaping a secure and prosperous financial future. As young professionals navigate the dynamic landscape of personal finance, the integration of tools like CFD MetaTrader 4 can enhance their understanding of market dynamics, while the establishment of emergency funds provides a safety net against unforeseen challenges. Furthermore, the optimization of workplace benefits and the wisdom gained through networking with seasoned professionals contribute to a holistic approach to financial success.
You can view sales by state and refine searches by date. WordPress installation and WooCommerce Plugin - Awesome User Experience - Experienced San Diego based development team for support or custom feature development - 100% American Made in the USA! No outsourcing! - Get the numbers you need to do your quarterly or annual sale tax reporting - Users can get reports for sales in a given state for any date range and the sales tax that was charged. - These numbers can be used to report your sales and sales tax for any given state for any given date. The Sales Tax Reports For WooCommerce plugin requires that you have WordPress with the WooCommerce plugin activated. The plugin is very easy to install and can be set up in just a few minutes. Install the Plugin: Upload the wc_state_tax_report folder to your website’s Activate the plugin: Find Sales Tax Reports For WooCommerce in your ‘Plugins’ menu in the WordPress admin and press ‘Activate’. This will enable the plugin. Follow the links in the WooCommerce > Reports > Sales by State 7 incelemeyi oku Used this plugin on my ecommerce website and helped my get my sales taxes ready. Easy to set up. Highly recommend! Thank you so much for creating, and sharing, this plugin. This is a lifesaver to be able to get a report of taxes paid by state. I tried BeProfit but that couldn't give me the tax reports I needed and was afraid I was going to have to subscribe to TaxJar or similar. I appreciate your willingness to post the plugin out here for all us to use, for free! The WordPress community continues to amaze me. I just installed the plugin and it appears to be doing great and give me just the info I need. A true lifesaver. Thanks again. This is a huge improvement over the useless sales tax summary that the standard reports have. I almost got into some trouble though. Some of my products have long delivery times, so I have orders in both completed and processing status at the time that I submit my taxes for the previous quarter. The plugin filters on completed status and I only realized at the last minute that some orders were missing. So, it is important to know that if you have orders in different statuses when you run the report. That could be an even bigger problem if you have custom statuses. Replacing the post_status argument with an array of valid statuses in class-wc-state-tax-report-admin.php works fine. For example: 'post_status' => array('wc-completed', 'wc-processing') It would also be nice to have a CSV download option. For the price, you can't beat it! Manually searching through all the orders over the year to find those "my state" orders that sales tax was charged has always been a nightmare. I LOVE that this plugin actually displays the order ID number, which the core Woocommerce plugin's Reports> "taxes" tab never did. Infuriating. The only thing I'd like to see added to this plugin would be an option to print those/all invoices. That's the only thing keeping it from being a five star review for me. Other than that, it's fantastic enough that this is my first plugin review. We made this plugin because we needed it, and we use it regularly for many sites. No frills, just the sales tax numbers you (and we all) need. Great plugin for reporting multiple state sales taxes. “Sales Tax Reports For WooCommerce” açık kaynaklı yazılımdır. Aşağıdaki kişiler bu eklentiye katkıda bulunmuşlardır.Katkıda bulunanlar - Added column to sales total table to show total sales by tax rate. - Added support for orders in processing status. Added download CSV function - Added a better screenshot - Tested with current WP and WooCommerce - Corrected readme content - Pushed first major version number as stable tag - Added Escaped HTML function to form - Added input and output sanitization and validation
April 15, 2015 is the official deadline for your personal income taxes. For many taxes are a time of joy as an extra bundle of income is about to arrive from the federal and state government. For others it is time of horror and sorrow as to how they will pay their taxes. Statistically speaking 54 percent of all Americans expect to get a tax refund and 24 percent say they owe money. Overall, 30 percent of Americans intend to pay down debt with their tax refund. On the other hand, 40 percent of those who believe they owe taxes say they are not prepared to pay up. Nevertheless, only 6 percent plan to borrow money, though 17 percent say they intend to set up an installment plan with the IRS. With these deadlines and statistics in mind I want to spend some time discussing how taxes both refunds and debts interact with bankruptcy. For bankruptcy purposes a tax refund is both an asset and income. It is an asset because prior to receiving it you are owed the funds. Although taxes are due on April 15, 2015 the majority of the events that triggered that refund occurred in the prior year and therefore a tax payer who is owed a refund is owed one long before tax season ever begins. For Chapter 7 bankruptcy purposes it is important to note that tax refunds that have yet to be received are an asset of the estate and must be listed and exempted in order to protect them and keep them out of the hands of creditors. The tax refund can only be protected under the wild card exemption which is only available to debtors who are not protecting equity in a residence. For those contemplating filing a bankruptcy it is very important to double check that the tax refund is covered otherwise it is best to wait until the refund is received and then proceeding with the filing. Since the debtor controls when the bankruptcy is filed an incorrect filing can be a very expensive mistake. For Chapter 13 purposes a tax refund whether due for over withholding on your paycheck, child or earned income credits, education credits, or any other credit that resulted in a refund is considered income. For those contemplating a Chapter 13 bankruptcy it is important to understand that if tax refunds are consistent they must be considered as income for the purposes of one’s budget or risk once again turning over your refund for the benefit of your creditors. Here is the improper listing of the budget could cost the tax payer between three to five years of tax refunds. Since statistically 30 percent of those getting refunds plan on paying down debts it is important to consider filing for bankruptcy rather than paying down those debts. If you can eliminate all of your debt with your tax refund, it is one thing, but if you are only going to put a small dent in the overall size of your debt it may be wise to consider filing for bankruptcy to eliminate all of the debt and still have plenty of the tax refund left over for other expenses. For the 40 percent of you who not only owe taxes but have no clue how you are going to pay them, I strongly encourage you to speak to me. Especially before you setup a an installment plan with the IRS or even worse borrow from friends and family to pay off the tax collector. Bankruptcy is a very powerful tool when it comes to taxes. Like all other creditors, the automatic stay that is created upon filing a case also applies to the taxing agency whether federal, state, or local. Not only will a bankruptcy stop the IRS from seizing future tax refunds, it will also eliminate all wage garnishments and bank levies. Taxes that are at least three tax sessions old, have not be assigned a lien, were filed on time, and were not assessed as a result of fraud or willful evasion can be discharged in bankruptcy like any other unsecured debt. More recent taxes carry a priority status and do not have that status. However, priority taxes, those due in the last three tax seasons can through the help of a Chapter 13 be managed as well. A Chapter 13 allows the debtor to setup a repayment plan for up to five years with no interest or penalties. Secured tax liens can also be eliminated or reduced under Chapter 13. Therefore I encourage anyone considering bankruptcy to talk to me if they are worried about either getting a tax refund or owing a tax debt. Likewise if you are already on a payment plan with the IRS or have unresolved tax debt I will be more than happy to sit down with you for a free consultation to see if bankruptcy is a viable option in resolving your taxes in a quicker, cheaper, and more efficient way. If you have questions you can always write me at [email protected] or call me to schedule a free consultation at 916-640-7599.
HMRC not minded to grant counsellor tax refundby A counsellor requested repayment of income tax and NIC while he attended a wellbeing practitioner course, but HMRC did not agree as the course was not full time and he did not receive a bursary. HMRC took a few years to come to a conclusion, but eventually it decided that a counsellor was not eligible for a refund of income tax because he received a salary, not a bursary, while attending a postgraduate course. Between April 2012 and March 2013, Edward Phelan attended a postgraduate course, the Psychological Wellbeing Practitioner Programme, run by the University of Essex. Phelan attended the university one day a week, and the other days he provided one-to-one counselling sessions as a psychological wellbeing practitioner to patients within GP surgeries as an employee of Basildon Mind, a charity and limited company. In 2012/13, Phelan received a gross salary for tax purposes of £18,642, from which tax of £2,024 and national insurance contributions (NIC) of £1,324.80 was deducted. Overpayment relief denied In March 2017, Phelan wrote to HMRC to request a repayment of the income tax and NIC deducted from his pay during the period he had attended the course. He argued that the money he had been paid was a bursary and so exempt from tax under section 776 ITTOIA 2005 and from NIC under Sch 3, Part VII, para 12 of the NIC Regulations 2001. In June 2019, HMRC determined that Phelan had not made an in-time claim for an income tax repayment and that in any event, such a claim would have been refused. In July 2020, HMRC issued its decision to refuse an NIC repayment. Phelan appealed to the first tier tribunal (FTT) [TC08688]. The FTT determined that Phelan was not eligible for an NIC exemption for several reasons. Firstly the course Phelan undertook was not “full time” per the NIC regulations, as he attended the university one day a week and worked for Basildon Mind as a therapist on the other days. Although the FTT accepted that during those therapy sessions Phelan would put into practice what he had learned on the course, it did not follow that the course itself was full time. The course also did not run for a full “academic year” as required by para 12(2), noting that an academic year is defined under para 12(9) as “the period beginning on 1st September of one calendar year and ending on 31st August of the following calendar year” (the course ran from April to the following March). Finally, Phelan also failed the maximum payments threshold provided for in para 12(6), having received more than £15,480 in payments. Phelan argued that the letter he wrote to HMRC in March 2017 was a valid claim for overpayment relief. However, the FTT agreed with HMRC that the letter did not meet the statutory requirements to make such a claim. As the four-year time limit to make an overpayment relief claim for 2012/13 had expired on 5 April 2017, Phelan was out of time. In any event, the FTT found that even if the claim had been made appropriately and in time, it still would have failed. This is because Phelan was outside the scope of section 776 ITTOIA 2005: he was not in full-time education and did not receive a bursary – his contract repeatedly described the money he was paid as a salary, and this was also reflected in his payslips. Phelan advanced an alternative argument that his pay was not taxable or subject to NICs because the course had been a widening access training scheme (WATS) course, and so fell within a concession. The concession – which was withdrawn for courses that started on or after 1 September 2019 – was to provide refunds for NHS Trust workers. As the concession previously stood, if someone had received payments from their NHS employer while attending a WATS course, they “might be entitled to a refund of the income tax and national insurance contributions paid”. For courses that were attended prior to 6 April 2013, the individual’s NHS Trust would submit a claim to HMRC on their behalf. Since the concession was withdrawn, HMRC guidance states that income tax and NIC are due on payments made to NHS employees attending these courses, on the basis that such payments are of salary and are not scholarship income. HMRC’s position is that it will not seek to recover refunds previously made when the concession was in place. The FTT acknowledged that it did not have the jurisdiction to decide disputes over concessions, citing BT Pensions Scheme vs HMRC EWCA Civ 713. It did go on to state that, even if that jurisdiction were in place, the FTT agreed that Phelan was not within the concession’s scope: the WATS concession was limited to NHS employees, and Phelan was not an NHS employee when he worked for Basildon Mind. HMRC took a rather long time to respond to Phelan’s initial letter in March 2017, finally concluding matters some years later. HMRC did pay Phelan a consolatory amount of £150 due to the time taken to resolve his case.
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When they think of homeowners insurance, many people have fires, storms, and natural disasters in mind. But what about internal damage, such as water leaks and mold? Are these problems covered? Your policy is likely to cover certain types of internal damage, but not all. Our knowledgeable agency will be happy to review your homeowners insurance policy and ensure you are covered for any eventuality. What About Water Damage To My Home? Whether a standard homeowners policy will cover internal water damage depends on how the damage occurred. If it is sudden water damage resulting, for example, from a burst pipe, wind-driven rain, or malicious criminal activities, it is likely that your policy will cover it. However, it will not cover damage caused by gradual leaks, sewage backup, or flooding. Water damage caused by discharge from a dishwasher, washing machine, or other appliance is likely to be covered, although repair or replacement of the appliance may be excluded. Is Mold Covered Under Homeowners Insurance? Mold in your home may or may not be covered, depending on what caused it. Mold that results from some types of water damage should be covered under you homeowner’s insurance. Removal of mold from your home is not covered if the mold resulted from flooding, ground seepage, or pipes that were poorly maintained, leading to leaks. Mold infestations that occur because of lack of maintenance or neglect are generally not covered under a homeowners insurance policy. If there is a fire in your home and the sprinklers are activated, or firefighters use water to extinguish the flames, any resulting water damage or mold should be covered. Will My Homeowners Policy Cover Pet Damage? Typically, homeowners insurance will not cover damage your pet does to your personal property or your home. Most homeowners policies exclude damage caused by a pet or domestic animal (and insects and rodents, as well) to the structures on your property or your personal belongings. However, liability coverage included in most standard homeowners policies may provide protection in case your animal damages someone else’s property, provided the animal is a pet or used for a hobby, such as horseback riding. Business farming animals would be excluded. What Factors Affect The Cost Of Homeowners Insurance? A home is one of the largest investments most of us make. In addition to being required by lenders, homeowners insurance is necessary to protect that investment. Critical factors affecting the price of a homeowners policy include: How much coverage you choose to purchase Area where your home is located Age, condition, and materials of the home Frequency of past claims Your credit score Safeguards against fire and crime You will want to ensure you have the coverage you need while keeping your premium costs to a minimum. Our agency can help you find a homeowners insurance policy that suits your needs at the best available rates.
Homeowners Insurance Coverage Standard Homeowners Insurance Coverage What does standard homeowners insurance cover? Standard Homeowners Insurance Coverage* Coverage for Your Home Coverage for Other Structures Coverage for Your Things Coverage for Living Expenses Coverage When Accidents Happen Home Insurance Add-Ons Trusted by over 12 Million Customers & Counting Ranked by Forbes 12 Million Customers Start Your Quote Do It Yourself This information represents only a brief description of coverages, is not part of your policy, and is not a promise or guarantee of coverage. If there is any conflict between this information and your policy, the provisions of the policy will prevail. Insurance policy terms and conditions may apply. Exclusions may apply to policies, endorsements, or riders. Coverage may vary by state and may be subject to change. Some products are not available in every state. Please read your policy and contact your agent for assistance. Refer to your policy documents for coverage limit details. Coverage applies to covered losses only after your individual property & coverage specific deductible(s) has been met. Please speak with your agent to learn more about your coverage options. This article is for informational purposes only and includes information widely available through different sources. Equipment Breakdown coverage provides protection should appliances, home systems or smart home devices be damaged due to mechanical, electrical or pressure systems sudden breakdown. Does not provide coverage for breakdown caused by normal wear and tear. Coverage applies once a $500 deductible has been met. **Hidden Water Damage coverage is an optional coverage. May not be available in all states. Some restrictions apply to seasonal homes and manufactured homes. The leak must occur from within a plumbing, heating, A/C, fire sprinkler or a home appliance. Refer to your policy documents for coverage limit details. Coverage applies after the property deductible has been met. Mold damage limited to coverage limits provided by your homeowners policy. †Sump pump and water backup coverage won’t cover things like flooding from a river rising nearby or rain leaking in through the foundation and causing damage. Talk to your insurance agent to best understand the limitations of this type of coverage and understand if it’s right for you. Coverage provided once policy deductible has been paid and only up to your policy limits. Refer to your policy for specific coverage details and exclusions. ‡Coverage provided by adding the Flash Flooding endorsement is optional. This endorsement does not satisfy mandatory flood insurance coverage should it be required by your federally regulated lender for your home mortgage or loan. This insurance product is not affiliated with the National Flood Insurance Program (NFIP).
Something's obviously very wrong with Bank of America's bottom line. This is a bank that was earning high-teens -- if not low-twenties -- returns on equity prior to the financial crisis. Now just eeking out 5% has become the new normal. For a Bank of America bear, it may seem easy to point a finger at the business itself and say that it's slipping. That is, customers don't want to bank with B of A, it can't get any momentum behind its revenue, etc. But I'm not convinced that's the case. It's typical to look at the returns from a bank on the basis of net income divided by total assets (return on assets). What's less often looked at is the revenue produced by a bank's assets. Bank of America's total pre-provision revenue as a percentage of tangible assets was 4.5% based on annualized first quarter revenue. That's below heady years like 2009 (5.6%) and 2003 (5.5%), but it's only slightly below the median of all years between 2002 and Q1 2013. Source: S&P Capital IQ, author's calculations. There's still some room for concern over B of A's top line. And by looking at the changing asset mix on the balance sheet from pre-crisis to post-crisis -- more cash, lower loan balances as a percentage of assets -- it appears there's room for the bank to shift gears and generate more revenue from its asset base. But when we consider the fact that revenue production doesn't appear to be grossly out of whack with the past, it becomes even more evident that this is an expense issue, not a top-line issue. B of A's 2012 efficiency ratio of over 80 underscores this. To me, this suggests Brian Moynihan's approach with Project New BAC is the right one -- that is, go after unnecessary costs. However, it also suggests this won't be an overnight process. The bank's Consumer Real Estate Services segment is a good example of where expenses are way off track. During the first quarter, the segment produced $2.3 billion in pre-provision revenue and had $4.1 billion in overhead. This is obviously not a recipe for success. Break down that segment further though and you'll find that more than $3 billion of the segment's costs come from the Legacy Asset & Servicing subsegment, which includes a lot of the cruddy loans that B of A is trying to run off or get rid of. That loan portfolio shrunk 21% year over year in the first quarter and the number of employees in the segment likewise fell. In other words, progress is taking place. It may be somewhat in the tradition of "two steps forward and one step back" and be clouded at times by ongoing legal hazmat cleanup. But that may also mean that as short-term-focused market participants pull their hair out over one quarter's numbers, sneaky improvements are working in the favor of longer-term investors. Time to buy BAC? Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy. The article Breaking Down Bank of America's Bottom-Line Woes originally appeared on Fool.com. Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
Why invest in Credit with AXA IM? Our team approach ensures a strong investment ownership and Investment Grade expertise. All our teams follow our robust, disciplined investment process but also have unique features in order to help build appropriate portfolios for their areas: - Our European investment desk manage a strategy that has been running for 20 years, making it one our longest running strategies. - Our US investment grade experts works closely with our market leading US high yield investment team to leverage their expertise for potential “rising stars” - Our Asian portfolio managers are supported by credit analysts in Hong Kong and London, further enhanced by input from our JV partner AXA SPDB Investment Managers in China Why Invest now? With market uncertainty and volatility still a feature of most asset classes, for investors looking for a lower risk option, investment grade bonds may be an interesting option. As many markets face the prospect of a recession, investment grade bonds offer investors a relatively low risk-return option due to their high credit rating. Overall, yields for investment grade debt are high compared to historic levels and issuer fundamentals remain resilient. These factors are part of the reasons why investment grade securities are considered by some to be offering an attractive entry point. Investment teams based locally in all major markets across the globe ESG integration a key pillar of our investment process Managing nearly €60bn of assets across our Investment Grade range¹ Visit your fund centre Investing mainly in investment grade corporate debt denominated in USD.View funds Investing mainly in short duration investment grade corporate debt in USD.View funds Aims to capture opportunities throughout the credit cycle, with investment throughout both Investment Grade and High Yield.View funds Aims to achieve returns throughout the credit cycle with a focus on the front-end of the credit curve.View funds We cover a broad spectrum of fixed income strategies to help investors build diverse portfolios that can be more resilient to economic and market shifts.Discover our strategies No assurance can be given that our fixed income strategies will be successful. Investors can lose some or all of their capital invested. Our unconstrained fixed income strategies are subject to risks including counterparty risk, operational risk, liquidity risk, credit risk, and the impact of any techniques such as derivatives. The use of such strategies may also involve leverage, which may increase the effect of market movements and may result in significant risk of losses. ¹ AXA IM, as 31 January 2023
Argentine banks took a beating last year, and the nation’s biggest lender says the industry is at risk of a repeat performance. While bad loans and government regulations were the main culprits in 2020, rising inflation will be added to the list this year, according to Fabián Kon, chief executive officer of Banco Galicia, Argentina’s biggest bank by market capitalisation. “If inflation is high, there is a risk that bank results will fall to very low or negative levels in real terms,” Kon said in an interview from his home in Buenos Aires. Expectations are for exactly that: Argentina’s inflation rate was 36 percent in 2020, and Galicia predicts it will intensify to around 40 percent this year. That will compound problems for an economy that’s been devastated by a recession now in its third year, rising bad debt and shrinking demand for new loans. At the same time, extensive banking regulations have cut into profit margins. Banco Galicia’s loan portfolio is concentrated in the consumer sector, with an emphasis on credit cards and personal loans. Kon’s challenge will be to sustain profitability even as government regulations undermine those businesses. The central bank requires banks to pay minimum interest rates of 37 percent on retail deposits, while allowing them to charge just 24 percent on loans to small and midsize companies. Inflation, currency controls and restrictions on dividend distributions add to the headache for bank executives such as Kon. Private banks on average posted a return on assets of 2.2 percent in November, the lowest level in eight months and one of the two worst months in the past 10 years, according to the latest report from the Central Bank. Return on equity dropped to 14.6 percent, the lowest since 2007. Kon, who joined the bank 20 years ago and has been general manager since 2016, said his strategy is threefold: boost the number of clients by five percent in 2021, deepen its relationships with customers and aggressively expand digitisation. The 62-year-old CEO said he’s also open to acquiring smaller banks in the local market, where results have also taken a beating. “Galicia today has historically high capitalisation levels, and it’s going to be a player in the opportunities that arise in that consolidating market,” he said. Kon declined to name possible targets, but said the country’s fintech landscape has become crowded. Digital firms with fewer than two million users will struggle to be profitable, according to Kon. Grupo Financiero Galicia, the bank’s parent company, is the most liquid stock in Argentina, and is typically a top beneficiary of inflows when investor optimism improves. Shares of the company tumbled 46 percent in 2020, while competitors Banco Macro SA and Banco BBVA Argentina SA fell 57 percent and 42 percent, respectively. Argentine markets were hit hard by the nation’s US$65-billion debt restructuring in September, Kon said. Galicia expects its non-performing loan ratio, which was 2.5 percent in the third quarter of last year, to fall in 2021 as the pandemic subsides. Loan growth will be “much higher” than in 2020, when peso-denominated loans increased 50 percent in the third quarter from a year earlier. Kon said the Central Bank should remove measures that allow individuals to postpone payments on their loans, which make it hard for banks to assess whether the loans will be paid or not; discourage the use of the cash economy, which is often associated with tax evasion; and allow banks to compete on loan interest rates. Current Central Bank regulations mean banks must charge very similar rates. A key driver for Argentine assets this year – including shares of Galicia – will be the government’s talks to delay US$44 billion in payments to the International Monetary Fund. Kon said he expects the negotiations will be slow, and that the IMF will call for limits on government spending and for changes to capital controls that have been put in place. The controls are a “transitory solution” that should be ended as the country fixes its macro imbalances, he said. Since September 2019, the country has increasingly limited access to hard currency, leading to the growth of parallel black-market rates. “We don’t expect the conditions will be there to unify the exchange rates in 2021,” Kon said. “This may be possible in 2022, after a reduction in the fiscal deficit and a period in which the Central Bank accumulates reserves.” by Ignacio Olivera Doll & Scott Squires, Bloomberg
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What Is My Current Cash Flow? Assess whether you are running “in the black” or “in the red” each month. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Choosing Between Term and Whole Life Insurance Confused about Term or Whole Life Insurance? Discover how they work and, most importantly, how they can work for you. How to File a Wildfire Claim If your home or business has experienced devastation due to wildfires, here’s what you need to know about filing an insurance claim. The Five Basics of Financial Literacy How literate are you when it comes to your finances? Brush up with these five basics.
As the COVID-19 pandemic continues to dissipate, it’s important for construction companies to implement a proactive and aggressive approach to managing their risk. To protect their overall well-being, business owners must consider whether the vendors and subcontractors they’re working with are able to maintain their position financially, especially as projects and workloads ramp up. If you haven’t already done so, your leadership executives need to put together a risk management team to help ensure your strategic planning. This team should consist of both management and risk management personnel, especially employees from operations, financial and legal departments. Representatives of your projects need to provide status updates to this team, including labor and subcontractor problems, potential changes, claims, project estimates and schedule changes. These issues and financial concerns should be regularly discussed in meetings. Outside of meetings, accounting needs to remain on top of their accounts to be able to provide up-to-date information in a timely manner. External advisors must also keep your company updated on legal, tax and financial implications, especially as you consider contractual obligations or business model changes. Of particular importance is job costing data for accounting, including supplier price increases, costs pertaining to COVID-19, additional project costs, as well as scheduling and delay costs that can result in future claims. This allows accounting to create projections and cash flow forecasts to measure against actual figures, making it easier to monitor financial standing. There are a wide range of available tools to help you project cash flow, forecast deficits, take care of shortfalls, check working capital and determine liquidity. Evaluating Existing Contract Risk Risk management should be a component of each project, which should be separated based on financial viability. Projects that are struggling should have alternative consideration, including financial guarantees from owners and assistance with periodic payments for subcontractors and vendors who are having problems. You should examine which contracts may necessitate changes and prioritize those that will work collaboratively rather than cause problems. Plan to quickly address options with your stakeholders, focusing significant resources on protecting your company’s legal rights so that you can comply with contractual obligations with those who will cause problems. If you foresee any continued COVID-19 shutdowns or delays, we also recommend speaking with your legal advisor to decide whether you need to give written notice to the project. Make sure that if you do have to shut down that the site is secured. Asset management software with Bluetooth or RFID technology can help track your inventory and prevent potential product or equipment theft, damage or loss. Evaluating New and Potential Contract Risks Estimating projects requires risk evaluation. Most construction companies focus on building their backlog while bidding on more jobs than they normally would. However, you need to provide reasonable proposals, as extremely low proposals on a high-risk project may cost your company everything. Develop a project rating system using factors such as your required minimum profit and if you have the capacity and skills in your crew to take on the project. Consider the timeframe, bonding requirements and type of work, then prioritize the projects that can provide your company with the best profit margin. Carefully consider the materials needed to ensure they’ll be available either currently or when needed, so that supply chain disruptions won’t impact your work as readily. It’s necessary to subcontract work in many projects, but it also expands your risk. When working with subcontractors, consider requiring more frequent financial statements, monitoring liquidity and leveraging ratios and changes in their surety ability, WIP and manpower. Companies relying on credit lines and banks have a higher level of risk due to the stricter credit market. To help you vet your subcontractors properly and minimize your risk exposure from them, keep in mind that there are a range of prequalification forms that you can find online to use with your subcontractors. With the delays and shutdowns caused by the pandemic and the lasting impacts it has had on the industry, adding profit and business interruption insurance is a great option to consider. COVID-19-related insurance can cover a variety of issues, including environmental, subcontractor default, worker’s compensation and management liability. Diversifying your suppliers may also help you manage risk. Remember that it’s important to keep in touch with your insurance company to get details on policy extensions, delayed or shutdown project insurance price quotes and updates on potential coverage and eligibility issues. This also makes it easier to stay on top of rate increases and restrictions on coverage.
Top 5 tips to build wealth I’m sure we’ve all pictured the life we’d have if we won lotto. It’s a nice dream but unfortunately the chances are slim, in fact you’re more likely to date a super model or win an Olympic gold medal than have all your numbers come up. So, if you don’t want to leave your financial freedom to chance, it’s time to quit the fantasy and instead focus on ways to build your wealth. Key learnings covered in this topic - Ways to help you build wealth - The value of financial discipline - How to grow your super - How CareSuper can help you reach your financial goals. Here are some tips to get you started: 1. Create financial goals People who are serious about building wealth set themselves goals. They assess their current financial situation and make plans for how they’re going to reduce their debt, build their savings and invest for the future. Create momentum by starting with goals that are achievable and have a deadline, and don’t forget to reassess your situation often. 2. Do your research There are lots of schemes and incentives to help you build wealth, you just need to look. For example, for entrepreneurs there are small business grants. To become more sustainable there are various state government rebates. And to help you save for your first home there’s the First Home Super Saver Scheme, which lets you take advantage of a reduced tax rate within super to build your deposit faster. 3. Learn how to invest One of the best ways to build wealth is to learn the ins and outs of investment markets, and a good place to start is with your super. There are 12 investment options to choose from, each with a different level of risk and return to suit your life stage and personality. And for more control there’s the direct investment option. This lets you choose a range of shares, ETFs, listed investment companies and term deposits to combine with other CareSuper options for a more tailored portfolio. 4. Develop financial discipline Unless you have family money or you invent pain free tattoo removal, building wealth is going to take discipline. This will mean both small and large sacrifices and ignoring people living the high life on social media. Concentrate on your financial goals and continue educating yourself on all things finance. Did you know as part of your membership you have access to a number of financial webinars? Have a look at what’s coming up. 5. Be patient For the majority of us, wealth won’t happen overnight. It might seem like your savings are taking too long to grow but stick with it. Through the magic of compound interest a little can turn into a lot—you just need to give it time. We’re here to help If you need help building a better financial future, please give us a call. As part of your membership, you can chat to a financial planner about tax effective ways to build your super savings, your appetite for investment risk and insurance to make sure you’re protected. We can’t wait to hear from you so book a call-back today. Information correct as at 5 February 2024.
Your DNA Test Preparing for the unexpected can make all the difference if your family relies on your income. Have A Question About This Topic? Net Unrealized Appreciation and how it affects tax responsibilities. Life insurance proceeds are generally tax-free. But not in all cases. This article may help you maximize the benefits of your donation for your chosen charity.
Brexit and the Property Market: What Impact Has It Had? Weeks following the original Brexit deadline of 29 March 2019, and over a thousand days since the EU referendum vote in 2016, questions marks continue to hang above the terms of the UK’s withdrawal from the European Union. Here Jamie Johnson, CEO and Co-founder at FJP Investment, discusses with Finance Monthly the real impact of Brexit on the UK property market. While it may seem like the country has ground to a standstill as the political standoff in Westminster continues, we cannot let this overshadow the activity and trends underpinning many of the UK’s leading sectors. The property sector is a case in point – domestic and foreign investment continues to pour into the market, increasing house prices grow and in turn producing attractive investment opportunities. Recent research suggests that property investors also stand undeterred despite Brexit uncertainty –almost half (45%) of property investors have expanded their property portfolio since the EU referendum, whereas only 7% said they had sold one or more homes as a direct result of Brexit. To understand why the UK continues to be a prime property hotspot despite the current state of political affairs, it can be valuable to reflect on how the sector has fared over the last two and a half years. This including understanding the key trends that have played a central role in shaping the real estate market. Strong regional growth In times of uncertainty or transitions, commentators like to take a keen interest into how different sectors are performing in London. As a cosmopolitan hub renowned for its residential and commercial real estate opportunities, the capital has faced some challenges. Since the EU referendum, house prices have largely stagnated, and in some postcodes even fallen. However, focusing on primarily on London risks overlooking the progress taking place in regional markets. Indeed, national house prices have actually been on an upwards trajectory in recent months, driven largely by strong growth in places like the Midlands and North of England. Birmingham (up 16%), Manchester and Leicester (both up 15%) have experienced the fastest rates of house price growth since the June 2016 referendum, followed by Nottingham (14%), Leeds (12%), Liverpool and Sheffield (both 11%). In real terms, this means that the average property in Birmingham now stands at £163,400, while the average house in Manchester costs around £168,000. For an investor, this attractive capital growth few assets can match. So, what are the underlying reasons for these strong performances? Much of it comes down to large-scale regeneration projects which are reviving infrastructure, construction and transport links. Some of the construction works include the redevelopment of land close to new stations that are being created for High Speed 2 (HS2). Property as an attractive asset class Significant public and private investment is undoubtedly bolstering the sector, yet another important trend to note is the volume of property transactions taking place even at the height of Brexit uncertainty. In January of this year – just weeks from the original Brexit deadline, and without a clear vision of what the UK’s transition from the EU would entail in practical terms – the number of transactions on residential properties with a value of £40,000 or greater was 101,170, or 1.3% more than a year prior. This is testament to the underlying popularity of property as an asset class able to deliver long-term returns, and weather political and economic transitions. In fact, recent research revealed that Brexit hasn’t dampened investor sentiments towards property; the survey of over 500 property investors revealed that 39% plan to increase the size of their property portfolio in 2019, regardless of the ongoing negotiations. Challenges facing the market Notwithstanding the obvious challenges facing the UK – namely, setting out a clear direction for the future of the country outside of the EU – there are some pressing national priorities that also deserve attention. Perhaps most important of all is the housing crisis. At present, there are simply not enough affordable and accessible houses on the market to meet growing demand. And while the government has set targets to address this issue, there is an overwhelming fear that these goals will ultimately fail to materialise. Last year, Prime Minster Theresa May committed the government to delivering 300,000 new homes a year by the mid-2020s. Although a positive step in the right direction, the current pace of progress suggests that construction efforts will fall short of reaching this target. Figures released by the housing ministry in March 2019 showed that building work began on 40,580 homes in England during the final quarter of 2018. This is down 8% on the previous three months. Further to this, a National Audit Office report recently concluded that half of councils are expected to miss house building targets. While Brexit has largely taken priority over important issues, the Government cannot put off committing the necessary time and resources towards rebalancing housing supply and demand. Creative reforms are needed, and debt investment projects, such as off-plan property investments, are but one of the many solutions that could promote the construction of new-build properties. Despite the current obstacles facing the property market, UK real estate has proven itself to be a resilient asset class even in times of hardship. Bricks and mortar remains a popular destination for domestic and international investment, and looking beyond the more immediate challenges lying on the horizon, it is important to recognise the resilience of property as a leading and desirable asset class.
Monday, March 6, 2023 / by Makayla Santa Ana Maryland Housing Market 2023 In this decade, the U.S. housing market will be dominated by luxury homes and small, intimate homes. People will be looking for places that are rustic and historic, but that also fit their modern needs. This trend will continue into the next decade thanks to increasing comfort in home decoration and technology. By needing a small, intimate home, people are looking for more space than they would in a large house. Wherever you live, you can have a beautiful, unique home with little or no outside exposure. You can also choose how big your home is because you can add more space if you want! Declining unemployment rate As of now, the market for housing is stable. You can still find a house for sale or a new house to rent. The falling unemployment rate and growing population are proof that the housing market is growing. Growing populations make more demand for homes, and when there is a lack of homes, people scramble to find one. This happens more frequently when houses are expensive because there is not too many finding them. When people cannot buy a home, they look outside of it as well. If you have watched Netflix’s A Nice Place to Visit anytime lately, you have seen what happens when someone can’t find a home. It has been reported that up to 60% of the population cancel their television plans due to the lack of programming. Increasing wages in Maryland With rising wages and growing demand for housing, the market for new homes is expanding. This increase in the number of homes being sold is a good thing for the housing market, as people are eager to purchase a home and invest in their careers by renting or owning a home. The amount of houses listed for sale in Maryland has been increasing each year, staying about the same from year to year. This shows that there is a strong demand for new homes in Maryland, which is encouraging sellers to be more diligent about their property. Some buyers are looking at what they want in their personal housing needs and deciding whether or not it fits into that budget. Fuel prices and home costs are not strongly correlated In the past year, two major events have caused home costs to increase sharply: first, diseases caused extensive damage and disrupted the market, second, gasoline prices increased dramatically. Political changes occur periodically, and when they do happen, like after the terror attacks in 2001 or 2007, home values tend to rise. Desperate times call for desperate measures. After those two events occurred in 2011 and 2017, home values went up by around 10%! This is what brought attention to the housing market in Maryland 2023 Zeitgeist forecast. Migration trends in Maryland As people look for ways to make money and live cost-effective lives in the U.S., more and more people are moving to Maryland. This is a great thing, as Maryland has an excellent housing market that is ready to accept new residents. On average, new homes in the state sell for $325,000-$375,000, making it a cost-effective way to live. Since new homes usually do not go for full price, you can make a more solid profit on your investment. However, with such high demand coming onto the market and prices going down nearly 20% this year, there may be a problem finding a home. Younger population growing into prime home buying years One of the most prominent trends that is expected to impact the housing market in Maryland over the next few years is the increasing number of younger people who are entering the housing market for the first time. Between statistics from Realtor.com and local census data, there are nearly 2,000 new home owners per year between the ages of 25 and 34. This increases to almost 5 percent when people age 35 to 44. These newly married couples are stepping into home buying mode at a quick and sustainable rate. Between them, they are more focused and responsible buyers. Having a good understanding of how property prices change over time, these new buyers know what needs to change in order to hold onto them. Higher housing prices mean higher incomes needed to afford mortgage payments While many are seeing a rising home value and mortgage interest rate, there are still plenty of houses for sale for less than the average home price. This is because more and more homes are being built every year. Posted on the internet before it is offered for sale, this shows how much money the seller has to pay for their house. Some developers use this as a way to gauge demand before building a house. When there is demand, they will build them faster! While it takes time for houses to sell, that time is coming soon. There were over 1,000 new homes built in 2017 and 2018 combined, which was too many new houses to fill up quickly. Rising interest rates mean lower housing prices required to pay mortgage payments As interest rates rise, homeowners are forced to make necessary changes to maintain their balance sheets. This includes paying more for credit, purchasing new property to rent or selling old property to cover payments. Historically, people with good credit ratings were able to find a mortgage even in difficult times. However, with rising mortgage rates, fewer borrowers have sufficient equity in their homes to secure a loan. This can put a heavy burden on those with poor credit ratings as they cannot obtain a loan without paying off their debt. For those with good credit ratings who do not sell or trade their home, this can be a very expensive burden to live with. High debt has also been an issue for many homeowners lately. Many cannot afford the increases in bills that come with owning a home these days and others just do not have the money for them.iere is growing demand for properties that are affordable and in good locations. Population growth means more demand for housing and higher prices Two major trends are expected to dominate the Maryland housing market in the next few years. Population growth and higher prices! More people are moving to Maryland every year, making it more difficult for them to find a place to live. With higher prices, people are more willing to look outside of Baltimore and Washington, DC Price Increased is another major factor in the increase in price of housing is inflation. When wages do not rise as often as costs go up, buying a house becomes more expensive. Inflation has increased since the early 2000s when it was rare for it to happen yearly. Today, it happens almost every year! Having inflation every year makes home prices even more likely to increase rapidly over time.
A 1031 exchange can yield many benefits for investors. If you have little to no knowledge about 1031 exchanges, much less how the process works, this guide is for you. But before we discuss the steps in a 1031 exchange, let’s define what a 1031 exchange is. What is a 1031 exchange? Under Section 1031 of the Internal Revenue Code of the United States, a taxpayer may have no tax or a minimal amount of taxes upon the swap of one property for another. As a result, your real estate investment can progress tax-deferred, helping you get more profit and make more investments in the long run. The process of a 1031 exchange In general, this is how a 1031 exchange goes. Note that one exchange may not go the same as another, so treat this guide as a typical outline. 1. Check qualifications and requirements A real estate property that is used for business or investment, such as TIC properties for 1031 Exchange or commercial properties, qualifies for a 1031 exchange. Check if your property meets the qualifications, and then find out what the requirements are. It also helps to consult with an accountant to see if doing a 1031 exchange is worth it or if selling the property is much easier. 2. Put your property up for sale The next step is to list your property for sale, which you can do with the help of an agent. A 1031 exchange listing is the same as a regular one, except that you have to express your goal to do a 1031 exchange. 3. Look for another property In general, you have 45 days to look for a replacement property after your old one is sold. Thus, it is recommended that you start looking for properties even before you get a buyer for the other one. Enlist the help of a 1031 agent to help you find the best deal. 4. Find a qualified intermediary A 1031 exchange can’t be done DIY–you need a qualified intermediary if you want a successful deal. Look for a reliable intermediary that will serve as your middle person throughout the exchange. 5. Strike a deal If you have a buyer for your old property who is willing to comply with a 1031 exchange, you can start negotiating with the help of your intermediary. In any case, the paperwork must state that the sale is being done under a 1031 exchange, and the buyer needs to sign the necessary paperwork. 6. Choose a replacement property After the deal is closed, you can sign a contract for your next choice of property. The seller will also need to know you are doing a 1031 exchange, and you must have an escrow account opened. 7. Close the deal Let your intermediary work with the title company to wrap everything up. After this, you can now close the deal on the replacement property and enjoy deferred taxes. The 1031 exchange might sound easier than it is, but making sure you do your research will make everything run smoothly. A 1031 exchange can help you achieve more as an investor. And the best part is that you can always repeat the process.
Home Equity Loans Put Your Home Equity to Work for You Use the equity in your home to borrow the amount you need, when you need it, up to your credit limit. Your credit limit is based on the amount for which a borrower qualifies. The minimum HomeFlex Equity Line is $10,000, and the maximum is $250,000. Draw on your approved HomeFlex Equity Line of Credit (HELOC) for home remodeling projects, debt consolidation, college tuition, major medical expenses, vacations or those unexpected expenses. You have 10 years to draw and repay on the line and up to 15 more years to repay the remaining outstanding balance. Variable Rate Option First National's HomeFlex Equity Line of Credit offers you the flexibility and convenience of a credit card. You can draw on your approved line for remodeling projects, college tuition, vacations or anything else you need, whenever you want. There is no minimum draw. You can convert a portion or all of your outstanding HomeFlex balance to a fixed interest rate ($5,000 minimum; repayment term no longer than 15 years any time after your first draw). Subsequent requests can be made one year following any previous request. You can have up to three fixed-rate conversions as part of your HomeFlex account at one time. Your request for a fixed-rate conversion must be submitted in writing, by mail or delivered to a First National branch nearest you. Maximum Loan Amount The maximum loan amount allowed will be determined by whether the HomeFlex Equity Line would be considered a 1st Deed of Trust or 2nd Deed of Trust, and also if the property is owner-occupied or not. The maximum Loan to Value ranges from 65% to 75%. If the HomeFlex Equity Line is a 2nd Deed of Trust then the combined amount of your existing mortgage and the HomeFlex Equity Line cannot exceed $550,000. We use the assessed value of your home when determining your maximum loan amount. Current assessed value of your home can be found on your most recent tax valuation card. If you think the assessed amount does not accurately reflect the value of your property, you may request the bank to order an appraisal. Cost of appraisal will be borne by you. Easy to Access and Use Using your approved credit is convenient with a HomeFlex Equity Line. Once approved you'll have access to your available credit using online banking and banking by phone, as well as FlexChecks and by visiting any branch. You'll also receive your HomeFlex debit card after you're approved for your line of credit if that is an option you choose. Use the HomeFlex debit card to draw on your available line of credit for anything, anytime, anywhere Debit Mastercard is accepted, with no additional fee. Your card and PIN give you instant access to your available line of credit, 24 hours a day, seven days a week at an ATM displaying the Mastercard logo. Local Loan Servicing Our team of loan servicing specialists is located right here in Alaska. Contact us for specific details about First National's HomeFlex Equity Line of Credit. When you use an ATM not owned by First National, you may be charged a fee by the ATM operator and/or any network used.
Most people don’t want to think about their homeowners insurance until they need it. Homeowners policies are lengthy, complicated, and written in legalese. Nevertheless, it could pay off to thoroughly understand your homeowners policy and know how it works. Our agency is happy to assist you with not only finding the right homeowners policy, but also with understanding what is in it. Basics of Homeowners Insurance Understanding what is and is not covered by your homeowners policy can make all the difference in whether you can rebuild your home and replace your personal belongings after a disaster. Our agency can help you with an annual checkup to ensure you are keeping up with the costs of building and remodeling and inventories of your personal belongings. When you insure your home, you are insuring two separate things – the structure of your home, and your personal belongings. Your homeowners insurance also covers your legal liability up to policy limits in case you, your family members, or your pets cause harm to others or their property. Insuring the Structure of Your Home Homeowners insurance typically covers damage to your home from fire, hail, water (excluding flooding), windstorms, riots, explosions, and other sudden and unexpected losses. You have the option to insure the structure of your home in one of three different ways: - Replacement cost coverage: In this case, the insurance company will pay you the cost of replacing your damaged property with no deduction for depreciation, up to a maximum dollar amount. - Extended replacement cost: This type of policy covers up to a certain percentage over the maximum dollar limit, typically 20%. It protects variables, such as a sudden increase in the cost of construction. - Actual cash value: In this case, the insurance company will pay out the cost to replace your home minus depreciation for age and use. Depending on the age of your home, replacement costs in the marketplace today could far exceed actual cash value. It would be wise to insure your home for the total amount it would cost at present to rebuild it if it were destroyed. If you don’t have enough insurance, the company may only pay out a portion of the cost of repairing or replacing damaged items. Insuring Your Personal Belongings There are two ways to insure your personal belongings under a homeowners insurance policy: - Replacement cost coverage: This type of coverage pays the dollar amount needed, without deduction for depreciation, to replace damaged personal property with items of like kind and quality. - Actual cash value: The policyholder receives the replacement value of damaged property minus depreciation. Coverage is for real cash value unless the policy specifies that property is covered for replacement value. When you are insuring your personal belongings, make an inventory of your belongings, including all available information, such as make and model numbers, serial numbers, purchase price, date of purchase, and present value. Check your policy limits on personal items and consider a “floater” or personal property endorsement that allows you to insure valuable items separately if the limits are too low. Our knowledgeable agency can assist you in finding the coverage you need to fully protect your home and belongings at the best available rates.
Valuation & Complex Property Issues Valuation & Complex Property Issues – What You Need to Know Our Rule of Thumb: We strive for challenge. The more legally complex, the better. The more financially complex, the better. The more factually complex, the better. We think differently than many of our peers and that includes our zeal in working through complicated legal, financial and/or factual issues. Many of our clients come to us because we have a record of handling the tough cases. Property: You have a home you owned before marriage, and then refinanced three times and put your spouse on title? We will solve the issue. Stock: You have stock options and RSUs with various vesting schedules, and the other side also wants more in spousal support? We will solve the issues. Closely Held Businesses: There are several businesses, some formed before marriage, and some after marriage? We will solve the issue. Have some of your businesses expanded during marriage? We will solve the issue. Separate Property: Has income from separate holdings mixed in with marital holdings? Have you sold a separate property and used some of the proceeds to purchase marital property? We will solve those problems. Intellectual Property and Celebrity: Is the marriage entitled to all your royalties? Is your IP community property? Does your spouse want to be paid out on the value of your celebrity? We will solve those problems. Large Estates: There are five homes spread out over 3 states and two foreign countries. Each spouse works and one earns five million dollars annually in salary alone. There are extensive investment holdings of thirty-seven million dollars in value. Besides the car collection, there is extensive art to be valued. No one wants to go to court and no one wants the press or govt. involved. We will settle this matter and solve their valuation and support issues. Valuation and Complex Property Issues – The Next Step Take a meeting with Jonathan Larose. You may want Mr. Larose representing you fully, or, as your personal advisor in other contexts.
Many employees in the United States probably don’t think they’ll ever need short-term disability insurance. However, 7.4 to 11.1 million worker injuries occur annually, and each year about 5% of Americans will experience a short-term disability due to illness, injury, or pregnancy. Perhaps even more surprising is the fact that just over 1 in 4 of today’s 20-year-olds will become disabled before they retire. So making sure your employees understand their short-term disability benefits might be more important than you think. It’s one of those benefits that ends up towards the bottom of your list during open enrollment presentations, but it’s worth spending a little extra time on—because chances are, some of your employees will use it in the coming year. Here’s how to answer some of the most frequently asked questions employees have about short-term disability insurance, in easily understandable terms: How does short-term disability work? Short-term disability covers a portion of your salary if you’re unable to work for a short period of time. That might be a physical or mental illness, injury or childbirth. While only a handful of states require employers to offer short-term disability benefits, SHRM reports that 80% of companies pay all of the premiums for short-term and long-term disability. Great job, employers! Some employees are eligible for short-term disability insurance as soon as they’re hired. Others have a “service wait” period, where an employee is only eligible for short-term disability once they’ve worked for their employer for a specific period of time. Make sure your employees understand your company’s policies. How much does short-term disability pay? How much you’ll receive varies, but a good rule of thumb is that your employer will cover 40-80% of your salary while you’re on leave. Each state sets mandated limits on how much coverage you can receive. SHRM notes that benefits may be coordinated with other income such as paid sick leave to ensure that income benefits do not exceed 100 percent of base pay. How long is short-term disability? Short-term disability insurance typically lasts three to six months. The maximum amount of coverage is 52 weeks (one calendar year). If you still aren’t able to return to work after coverage ends, you’ll have the option to move to long-term disability insurance or apply for social security disability insurance. Short-term disability elimination period Short-term disability insurance includes an elimination period, meaning you have to be injured or disabled for a certain amount of time before your benefits kick in. The most common elimination period is seven days, but in rare cases it could be up to 180 days. Many employers offer paid time off for any absences that last less than seven days, so you wouldn’t need to file for short-term disability. Make sure you clearly explain how long your company’s elimination period is, so employees understand where there may be gaps in coverage. What’s not covered by short-term disability insurance - Disabilities that happen in the workplace. About 10% of disabilities happen within the workplace and are covered separately by workers’ compensation. - Long-term disability. Long-term disability insurance generally covers any disabilities that last for 6+ months. - Severe health conditions. Social Security Disability Insurance is available to US residents with severe health conditions who either haven’t worked or accrued enough credits to be eligible for employer-sponsored disability insurance. How to apply for short-term disability For employees, the first step in applying for short-term disability is to contact you—their human resources department. They can also review your benefits documentation, or contact your short-term disability vendor. Some employers require workers to use any available sick days before their short-term disability period begins. Others ask for a note from the employee’s physician before approving requests for short-term disability. Once an employee has completed their claim form for short-term disability and provided the necessary documents, they should submit it to you or your insurance provider. Be clear with your employees about what documentation they need, and when they need to submit it to get full access to their benefits. Can you contact your employees while they’re on short-term disability? You have the right to contact employees while they’re on short-term disability as long as you don’t ask them to perform any sort of work. For example, if you have a quick question or two about their benefits, or about a work-related procedure, you can reach out. Unlike some other programs like the Family Medical Leave Act (FMLA) and the Americans with Disabilities Act (ADA) that provide time off for employees, short-term disability doesn’t offer any sort of job protection. Employees on short-term disability also aren’t entitled to the same job position when they return from it. It’s up to your company how you’d like to set return-to-work policies. How ALEX can help Understanding the complexities of short- and long-term disability isn’t always easy. ALEX is here to help you explain the differences to your employees. Backed by behavioral science, ALEX helps employees understand all their options and make an educated decision on their benefits. In fact, 85% of users say ALEX helped them better understand tax savings related to their benefits choices.
Get your taxes completed and filed for FREE! Don’t pay a fee to get your refund! The IRS Volunteer Income Tax Assistance (VITA) Program offers free tax help to people who need assistance in preparing and filing their tax return. 2 easy ways to file! No times available? Be sure to check back. New appointments will be added throughout the tax season. Tax preparation available for households earning less than $64,000 in 2023. Appointments at the Iowa City Public Library, 123 S. Linn St. File your taxes for free, anytime, anywhere. Get help with your tax questions from VITA volunteers who are IRS-certified. This year we have two ways for you to file your 2023 federal and state income taxes for free. Before choosing the product you will use, read the eligibility requirements to determine which will work for you. Then use the links at the bottom of this page to start your return. TaxAct: Eligibility Requirements - Household total income under $79,000 AND taxpayer age between 20 – 58 - Household total income under (AGI) under $79,000 AND Active Duty Military Online Taxes: Eligibility Requirements - Household total income under $79,000 Your state return is free if you qualify for a free federal return. Ready to start? Use the link below for the product that works for you. Tax help from IRS certified VITA volunteers - In person: Iowa City Public Library Computer Lab: Mondays 2-8, Saturdays 11-5 - By email: [email protected] Who is eligible to schedule a VITA tax preparation appointment? - Must be a Johnson County resident - Have 2023 household income of $64,000 or less VITA cannot provide tax preparation assistance for the following: - Households with more than five stock trades in 2023 - If you received Bitcoin, or any other cryptocurrency, as an award, reward or payment for property or services. - If you sold Bitcoin, or any other cryptocurrency, or used it to pay for any goods, services or other property. - Self-employed AND held inventory or had more than $10,000 in expenses or had business loss - You use your home for business and want to declare part of your home as a business expense - You made money by renting your home or other residence for more than 14 days - You are a farm owner who generated income from raising/selling farm animals or crops - You are in the military and had moving expenses or had non-taxable pay International Students and Scholars: Contact [email protected] for more information about our VITA schedule for international students and scholars. These sessions are separate from our sessions for U.S. citizens and green card holders. If you completed your taxes last year at the Old Capitol Mall, a student from the Tippie College of Business will be contacting you to schedule an appointment. Please do not schedule an appointment through this site. Items you must bring: - Driver’s license, state photo ID, or other government issued photo ID for you (and your spouse if filing a joint return) - Social Security cards or Individual Tax Identification Number (ITIN) Letters for everyone on the return (you, spouse and dependents) - If you need a replacement social security card, go to https://www.ssa.govnumber-card to find the best way to get one - If you or a dependent, needs an ITIN, we can help you apply for one. Bring your passport and the passport of the person who needs the ITIN to your VITA appointment. - Birthdates for you, your spouse, and all dependents - Wage and earning statements (Form W-2 or 1099-NEC) from all employers in 2023 - Social Security year-end benefit statement (SSA-1099) you received - 1099-R (retirement distribution statement) forms you received - Bank interest (1099-INT) forms you received - Any other income-related forms you received including 1099-MISC (other income), 1099-G (government payments, including unemployment), 1099-B (brokerage statements), and W-2G (gambling income) - If you had Healthcare.gov health insurance, your 1095-A form - Bank routing number and checking/savings account number if you want direct deposit - Last year’s state and federal tax return if you filed - IRS Identity Protection Personal Identification Number or IPPIN, if you have one - Any letters received from the IRS - To file taxes electronically on a married-filing-jointly tax return, both spouses must be present to sign the required forms. Items to bring if they apply to you: - Amount of interest from bank accounts if no 1099 issued. You can bring a year-end statement. - Proof of child care expenses paid (statement from provider with EIN# or Social Security #) - Student loan interest statement (1098E) - Tuition statements (1098T) for you, your spouse, or your dependents - If you are a K-12 teacher, total of unreimbursed classroom expenses - If you installed energy efficient home items such as windows, furnace, insulation, the receipt for the amount you paid - Statement of how much money you put into an IRA - Any other information you have that you think may be related to your return If you are self-employed, including driving Lyft or Uber: - A list of income including tips and any 1099- NEC forms you received - A list of your business expenses, totaled by category - Business mileage totals If you own a home or paid over $2,000 out-of-pocket for medical expenses: - Mortgage interest statement (1098) - Property taxes paid in 2023 if they are not on your mortgage statement - Receipts for charitable contributions and the total - Vehicle registration amount - Out of pocket medical payments, including health insurance premiums, medical, dental, vision, hospital, pharmacy costs, and mileage to and from medical appointments. Please call Johnson County Social Services at 319-356-6090 to request translation services for VITA tax preparation clinics.
Tightening abortion laws reignite conversation around a permanent Child Tax Credit Maxine Thomas got her first Child Tax Credit payment in the spring of 2021. She was skeptical, like it was too good to be true. “I really didn’t think I was going to get it for some reason,” she said. Thomas is a single mom of five children. She works full time at a food bank in Indianapolis. The temporary expansion of Child Tax Credits under the American Rescue Plan made the payments available to low- and no-income families for the first time, and it increased the amount provided. Families could receive monthly payments of $250 for each child between the ages of 6 and 17, and $300 for each child under the age of 6. Since the pandemic had forced schools to close, Thomas’ children were home every day, which drove up the costs of food and other bills. So the payments came at the right time. Thomas received $1,000 a month – a $250 credit for each of her children at home. “The child tax credit was able to fill a lot of financial gaps,” she said. “Just being able to help keep food home, paying on my utility bills that were ever-rising, because we were home full-time all the time.” Critics of the expanded Child Tax Credit cautioned that the move would disincentivize work, but data shows it had the opposite effect. The money helped with things like child care and transportation expenses, allowing more people to invest in their own businesses, work, pay off debt and go back to school. About 70 percent of families spent the credit on routine expenses like food and utilities, according to research from the Brookings Institute. The temporary expansion lifted 3.7 million children out of poverty, as of December 2021. When the expanded Child Tax Credit went away in January of this year, child poverty skyrocketed again. As many states take steps to tighten abortion laws, conversations have been reignited about how to best support families and babies. And many policy experts point to a permanent child tax credit, made available to low- and no-income families, as one way to do that. Many families that were helped are struggling again “Food insecurity not only affects a child's physical health or physical growth, but also their cognitive development, their ability to focus and do well in school to really reach their highest potential,” said Bovell-Ammon, director of policy and communications with Children's Healthwatch at Boston Medical Center. “Even brief periods of disruption of access to food can have really lasting impacts on a child's ability to grow and to be healthy.” Those disruptions can negatively affect overall life outcomes. Food insufficiency and insecurity disproportionately burdens Black and Latino families, as well as single adult families. Research indicates these same populations were hit hardest by the expiration of the child tax credit payments at the start of this year, Bovell-Ammon said. For Thomas, the mother of five, the expiration of these payments has made life more difficult. She had to start making sacrifices -- like when her sons were going back to school and they needed new clothes. “It seemed like everybody just sprouted out at the same time,” Thomas said. “I felt it when it was kind of tough, juggling who to go and get new shoes for.” In the month after the credits expired, 3.7 million more children entered poverty. The child poverty rate rose from 12 percent in December 2021 to 17 percent in January 2022. Food insufficiency rates increased by approximately 25 percent among families with children from January to July of this year, according to a study from the Boston University School of Public Health. That’s a big reason why many are advocating to bring the credit back – and make it permanent. Doing so would lift people out of cyclical poverty, said David Plasterer, a senior policy associate with Results, a national advocacy group in support of the child tax credit. “When you're experiencing poverty, job loss is fairly routine. You get into a job and you think, OK, well, this is going to be the one.’ Then your car breaks down, or you lose your housing, or a kid gets sick, and you get fired because you couldn't go into work,” Plasterer said. A permanent child tax credit would help people overcome these obstacles to stable employment. “It would allow families to get more financial stability and increase their earning capabilities long term,” Plasterer said. Who benefits from the credit For years, the child tax credit has been available to families that meet income and other requirements. Without the Child Tax Credit expansion, families earning less than $2,500 annually are not eligible. People making more than $2,500 a year are eligible for a few cents on every dollar they make above that – up to $2,000 per child age 16 and younger for families making at least $30,000 a year. The credit begins to phase out once a family’s income level surpasses $200,000 a year for single filers, or $400,000 a year for joint filers. These income requirements are based on the idea that an eligibility threshold would encourage people to work more and increase their earnings. The temporary expansion of the Child Tax Credit in 2021 made the full tax credit available to low- and no-income households for the first time. Without the expansion, an estimated 27 million children are excluded from the full child tax credit because their families didn’t earn enough money. This is the opposite of how it should be, Plasterer said. Families with the lowest wages are eligible for the least amount of money, and often none at all. “There's married couples out there making $400,000 a year that are getting the full value of the credit,” Plasterer said. “And there are single parents that are working part time, making $15,000 a year,” who are eligible for only a fraction of the full credit. “So you basically have to lift yourself out of poverty before you're eligible for the Child Tax Credit, which makes zero sense,” he said. Plasterer, and many other advocates for a permanent expansion of the Child Tax Credit program, say work and income requirements unfairly hurt children and families. “There are a lot of people in this country who are supporting children, who are unable to work for a number of reasons,” said Bovell-Ammon, the researcher with Children’s HealthWatch. “Or they are between jobs or having a hard time working and we really shouldn't be punishing children by leaving them out of this incredible benefit that has been shown to have such profound impacts on abilities for children to have their basic needs met.” In the era of abortion bans, what’s being done to support vulnerable families? Many Indiana lawmakers who voted for the abortion ban – now on hold due to legal challenges – have also said they want to increase support for mothers and babies. State Rep. Sharon Negele (R-Attica) is a leader in Indiana’s efforts to financially support mothers and families. She says this became especially important when the near-total abortion ban, which she supported, was signed into law. “I don't think you can just outlaw something without making sure all of those other variables are in place. So we tried this last special session, but it's not perfect,” she said. Negele said she will be pushing for more support for mothers and families in the next legislative session, such as making birth control more accessible and child care more affordable. Negele did not say whether she would be in support of a state-sponsored, permanent child tax credit. “If we want to encourage people to have babies, we need to make it as affordable and as maybe incentivized as much as possible,” Negele said. “We know as a society that growing our population base is important. And we just have to make sure that we are giving everybody that proper opportunity.” Outside of her full-time job with the food bank, Maxine Thomas also works with Experts on Poverty, an advocacy group that employs people with first-hand experience navigating federal safety net initiatives like the Supplemental Nutrition Assistance Program and tax credit programs. Thomas has spoken about her experience with both lawmakers and community members. She’d like to see lawmakers make the credit permanent without a work or income requirement. “When we put stipulations on who is deemed eligible or good enough to get these types of credits and refunds, I think it removes the human dynamic of humanity,” Thomas said. “I know that [the credit] has lifted families and children out of poverty, and that should be the ultimate goal.” A handful of states – including California, New Jersey and New Mexico – have introduced or expanded state child tax credits in the past year. In Indiana, conversations among lawmakers and advocates are taking place but are in the early stages. Parents who didn’t receive the 2021 Child Tax Credit payments can still claim them online at getctc.org through Nov. 15. This story comes from a reporting collaboration that includes the Indianapolis Recorder and Side Effects Public Media — a public health news initiative based at WFYI. Sydney Dauphinais is an economic equity reporter at WFYI. Follow her on Twitter: @syddauphinais. Copyright 2023 Side Effects Public Media. To see more, visit Side Effects Public Media.
The Business Cycle How will you weather the ups and downs of the business cycle? Have A Question About This Topic? Tax preparation may be the perfect time to give the household budget a check-up. Estimate how many years you may need retirement assets or how long to provide income to a surviving spouse or children. Do you have an estate strategy? You should.
1. Decide to buy. Although there are many good reasons for you to buy a home, wealth building ranks among the top of the list. We call home ownership the best “accidental investment” most people ever make. But, we believe when it is done right, home ownership becomes an “intentional investment” that lays the foundation for a life of financial security and personal choice. There are solid financial reasons to support your decision to buy a home, and, among these, equity buildup, value appreciation, and tax benefits stand out. Base your decision to buy on facts, not fears. - If you are paying rent, you very likely can afford to buy - There is never a wrong time to buy the right home. All you need to do in the short run is find a good buy and make sure you have the financial ability to hold it for the long run - The lack of a substantial down payment doesn’t prevent you from making your first home purchase - A less-than-perfect credit score won’t necessarily stop you from buying a home - The best way to get closer to buying your ultimate dream home is to buy your first home now - Buying a home doesn’t have to be complicated – there are many professionals who will help you along the way 2. Hire your agent. The typical real estate transaction involves at least two dozen separate individuals-insurance assessors, mortgage brokers and underwriters, inspectors, appraisers, escrow officers, buyer’s agents, seller’s agents, bankers, title researchers, and a number of other individuals whose actions and decisions have to be orchestrated in order to perform in harmony and get a home sale closed. It is the responsibility of your real estate agent to expertly coordinate all the professionals involved in your home purchase and to act as the advocate for you and your interests throughout. Seven main roles of your real estate agentA Buyer’s Real Estate Agent: - Educates you about your market. - Analyzes your wants and needs. - Guides you to homes that fit your criteria. - Coordinates the work of other needed professionals. - Negotiates on your behalf. - Checks and double-checks paperwork and deadlines. - Solves any problems that may arise. 3. Secure financing. While you may find the thought of home ownership thrilling, the thought of taking on a mortgage may be downright chilling. Many first-time buyers start out confused about the process or nervous about making such a large financial commitment. From start to finish, you will follow a six-step, easy-to-understand process to securing the financing for your first home.Six steps to Financing a Home - Choose a loan officer (or mortgage specialist). - Make a loan application and get preapproved. - Determine what you want to pay and select a loan option. - Submit to the lender an accepted purchase offer contract. - Get an appraisal and title commitment. - Obtain funding at closing. 4. Find your home. You may think that shopping for homes starts with jumping in the car and driving all over town. And it’s true that hopping in the car to go look is probably the most exciting part of the home-buying process. However, driving around is fun for only so long-if weeks go by without finding what you’re looking for, the fun can fade pretty fast. That’s why we say that looking for your home begins with carefully assessing your values, wants, and needs, both for the short and long terms. Questions to ask yourself - What do I want my home to be close to? - How much space do I need and why? - Which is more critical: location or size? - Would I be interested in a fixer-upper? - How important is home value appreciation? - Is neighborhood stability and priority? - Would I be interested in a condo? - Would I be interested in new home construction? - What features and amenities do I want? Which do I really need? 5. Make an offer. When searching for your dream home, you were just that-a dreamer. Now that you’re writing an offer, you need to be a businessperson. You need to approach this process with a cool head and a realistic perspective of your market. The three basic components of an offer are price, terms, and contingencies (or “conditions” in Canada). Price-the right price to offer must fairly reflect the true market value of the home you want to buy. Your agent’s market research will guide this decision. Terms-the other financial and timing factors that will be included in the offer. Terms fall under six basic categories in a real estate offer: - Schedule-a schedule of events that has to happen before closing. - Conveyances-the items that stay with the house when the sellers leave. - Commission-the real estate commission or fee, for both the agent who works with the seller and the agents who works with the buyer. - Closing costs-it’s standard for buyers to pay their closing costs, but if you want to roll the costs into the loan, you need to write that into the contract. - Home warranty-this covers repairs or replacement of appliances and major systems. You may ask the seller to pay for this. - Earnest money-this protects the sellers from the possibility of your unexpectedly pulling of the deal and makes a statement about the seriousness of your offer. 6. Perform due diligence. Unlike most major purchases, once you buy a home, you can’t return it if something breaks or doesn’t quite work like it’s supposed to. That’s why home owner’s insurance and property inspections are so important. A home owner’s insurance policy protects you in two ways: - Against loss or damage to the property itself - liability in case someone sustains an injury while on your property The property inspection should expose the secret issues a home might hide so you know exactly what you’re getting into before you sign your closing papers. - Your major concern is structural damage. - Don’t sweat the small stuff. Things that are easily fixed can be overlooked. - If you have a big problem show up in your inspection report, you should bring in a specialist. If the worst-case scenario turns out to be true, you might want to walk away from the purchase. The final stage of the home buying process is the lender’s confirmation of the home’s value and legal statue, and your continued credit-worthiness. This entails a survey, appraisal, title search, and a final check of your credit and finance. Your agent will keep you posted on how each if progressing, but your work is pretty much done. You just have a few preclosing responsibilities: - Stay in control of your finances. - Return all phone calls and paperwork promptly. - Communicate with your agent at least once a week. - Several days before closing, confirm with your agent that all your documentation is in place and in order. - Obtain certified funds for closing. - Conduct a final walk-through. On closing day, with the guidance of a settlement agent and your agent, you’ll sign documents that do the following: - Finalize your mortgage. - Pay the seller. - Pay your closing costs. - Transfer the title from the seller to you. - Make arrangements to legally record the transaction as a public record. As long as you have clear expectations and follow directions, closing should be a momentous conclusion to your home-searching process and commencement of your home-owning experience. 8. Protect your investment. Throughout the course of your home-buying experience, you’ve probably spent a lot of time with your real estate agent and you’ve gotten to know each other fairly well. There’s no reason to throw all that trust and rapport out the window just because the deal has closed. In fact, your agent wants you to keep in touch. Even after you close on your house, you agent can still help you: - Handle your first tax return as a home owner. - Find contractors to help with home maintenance or remodeling. - Help your friends find homes. - Keep track of your home’s current market value. Attention to you home’s maintenance needs is essential to protecting the long-term value of your investment. Home maintenance falls into two categories: - Keeping it clean: Perform routine maintenance on your home’s systems, depending on their age and style. - Keeping an eye on it: Watch for signs of leaks, damage, and wear. Fixing small problems early can save you big money later.
*This post is in collaboration with CreditFix Top Tips for Getting out of Debt Being in debt can be very overwhelming and daunting. It can also lead to mental health problems such as depression and anxiety. January can be a grey time of year for most people, especially with money worries post Christmas. It’s easy to get into downward spiral with money, but there are things you can do about it. There was a time my husband and I got into debt, it took a few years to clear, but by making some changes we managed to get it all paid off. The key is to make a plan, be honest about your situation and to be proactive, rather than sticking your head in the sand. Easier said than done sometimes I know, but as soon as you start making changes, I promise you it will feel like such a relief. Other than our mortgage and car loan we are now, several years later, debt free and I clearly remember the month the last payment was made. Here are some top tips to help you get debt free: - Consult the Citizen’s Advice Bureau or a debt expert company like Creditfix who have experience in this area and can advise you if you’re feeling overwhelmed. - You need to stop getting into to debt in the first place and look at where you’re overspending. Sit down a put together a household budget, look at all areas where you’re spending money, how you can reduce them and what you can afford to spend each month and what you need to cut back on. Be tough, be firm and be brutal if you need to. - Go on to comparison websites, check you gas, electric, broadband and all utility bills and look how you can reduce your monthly out goings. - Sell things you no longer use or need, it also helps to de-clutter your house. - Cut up any credit cards, spending on credit often gets you into trouble and is a very expensive way to borrow if you need to. - Look at where you might be able to supplement your income, ideas include a second job, or even doing online surveys can all help to add to the pot. - Consolidate your debts, by getting one loan to pay off all debts it can give you a more affordable monthly payment and a better interest rate too. - Whenever you get a bonus or pay rise at work, put the money towards paying your debt off. - Create an emergency pot. Life happens and things break, if you put aside some money each month and create an emergency pot of money you have something to fall back on when the car inevitably breaks down or the washing machine stops working rather than falling into debt to fix the problem.
Business Owners and Managers May Have Personal Liability for Unpaid Payroll Taxes and Not Know ItRead Time: 6 mins A recent 9th Circuit Court of Appeals decision emphasizes again the potential exposure “responsible persons” have to personal liability for payroll taxes under the Trust Fund Recovery Penalty (TFRP) provisions of Section 6672 of the Internal Revenue Code (IRC § 6672). You may be a responsible person and not know it. Moreover, the failure of other personnel in a company to pay over to the IRS withheld employment taxes, even if you are unaware of such failure, can result in personal liability for you. Employers are required to withhold from an employee’s wages income taxes (Federal and State) and the employee’s share of FICA (Federal Insurance Contributions Act) taxes. The Internal Revenue Code makes the employer a fiduciary of the United States with respect to these payroll taxes. When an employee’s income taxes and share of FICA taxes are withheld from the employee’s wages by the employer, the employee is treated as having paid those amounts to the IRS, whether the employer actually pays over such amounts to the IRS. This protects employees if the employer never pays over such amounts. (The employee’s withheld income taxes and withheld share of FICA taxes are referred to herein as “payroll taxes.”) Employers experiencing cash flow problems sometimes fail to pay the payroll taxes, choosing instead to use the cash attributable to those taxes to fund operations. This always is a bad idea. If an employer’s business ultimately fails and cannot pay the IRS the payroll taxes, the IRS, under the authority of IRC § 6672, will seek to collect the withheld taxes from any “responsible person” of the employer (e.g., an officer, director, shareholder [or another owner,] or bookkeeper with signature authority over a bank account.) This personal liability for “responsible persons” can be substantial. Moreover, in some cases, the IRS and the Department of Justice may seek criminal prosecution. See Department of Justice, Tax Division, Employment Tax Enforcement. For the TFRP to be imposed against an individual, three conditions must be met. - The individual qualifies as a “responsible person;” - The individual fails to collect or account and pay over the payroll taxes; and - The individual acts willfully in doing so. It is much easier to meet these conditions than one might think. In In re Richard York v. United States of America, No. 20-56047 (9th Cir. 2023), Richard York appealed a decision of the U.S. District Court for the Central District of California denying his motion for summary judgment that he was not a “responsible person” for unpaid payroll taxes for purposes of the TFRP. (The appellate argument can be viewed at 20-56047 Richard York v. USA.) The 9th Circuit denied his motion for summary judgment. To prevail on the motion for summary judgment, the 9th Circuit held that York would have to show that, viewing the summary judgment record in the light most favorable to the IRS, a rational trier of fact could not reasonably find in the IRS’s favor. The 9th Circuit held that York failed to make such a showing. The case arose in the context of a Chapter 13 bankruptcy filing by York and involves several procedural issues that are not relevant to the tax issues addressed in this Alert. The tax-related facts in the case were: - York was an employee of both Convergence Ethanol, Inc. (Convergence), an oil-and-gas technology company, and its subsidiary California MEMS USA, Inc. (CA MEMS, and, collectively with Convergence, the Company). - York “was hired primarily to effect compliance with SEC filing requirements” for Convergence and its subsidiaries, and in order to allow him to sign the necessary certifications, he was given the title of Chief Financial Officer (CFO) of Convergence. - Convergence’s President and Chief Executive Officer specifically told York that York would “not be involved in the day-to-day financial operations” or the accounting of Convergence and its subsidiaries, which instead would be handled by an “experienced CPA.” - The experienced CPA, who had check-signing authority, was responsible for ensuring that the Company paid its payroll taxes. - York had check-signing authority for the Company and kept the Company’s checks in this office locked in a cabinet, to which only he had a key. - Even though York had check-signing authority and maintained the Company’s checks, it “was not York’s function to, nor did he, originate any payments.” - Instead, the CPA was in charge of keeping track of bills and making sure they were paid. - In 2004, shortly after York began his employment, he learned that CA MEMS owed unpaid payroll taxes. - York worked out the unpaid taxes with the IRS. - York asked the CPA not to make payroll payments unless the corresponding payroll tax deposits could also be made. - Convergence encountered substantial financial trouble, and by December 21, 2007, it and its three main subsidiaries had ceased operations and were all in Chapter 7 bankruptcy proceedings. - York resigned from Convergence and CA MEMS, effective December 31, 2007. - The IRS subsequently contended that CA MEMS had failed to pay the payroll taxes due for three quarters of 2007 and two quarters of 2008. - In 2010, the IRS assessed a penalty against York personally for the unpaid taxes, pursuant to IRC § 6672(a). - York was not aware that payroll taxes were not being paid when due in 2007. Again, for an individual to be liable for the TFRP, three conditions must be met, according to the 9th Circuit. - The individual qualifies as a “responsible person;” - The individual fails to collect or account and pay over the tax; and - The individual acts willfully in doing so. Responsible Person. The court identified the following standards for determining whether an individual is a responsible person: - Did the individual have the effective power to pay taxes, such that the person could have made a decision that the taxes be paid? - Did the scope and nature of an individual’s power to determine how the corporation conducts its financial affairs give that individual authority to pay or to order the payment of delinquent taxes? - Did the individual have the authority required to exercise significant control over the corporation’s financial affairs, regardless of whether he or she exercised such control in fact? If this standard is met, it is irrelevant that an individual’s day-to-day function in a given enterprise is unconnected to financial decision-making or tax matters. It was not York’s responsibility to ensure that the payroll taxes were paid. In fact, he specifically was told that he was not to be involved in the day-to-day operations of the Company. Nevertheless, the 9th Circuit concluded that he could be found to be a responsible person under the standards identified by the court. The TFRP can be imposed on any responsible person. It is not a defense to show that someone else was more responsible. Thus, York could not avoid the TFRP by showing that the CPA or President and CEO were more responsible. Willfulness. There was no dispute that the payroll taxes had not been paid, so the court turned to the issue of willfulness. The court said it has defined “willfulness” for purposes of the TFRP as a voluntary, conscious, and intentional act to prefer other creditors over the United States. An intent to defraud the Government or other bad motive need not be proven. In fact, mere conduct motivated by reasonable cause, such as meeting the payroll, may be willful. For nonpayment to be willful, there must be either knowledge of nonpayment or reckless disregard of whether the payments were being made. A reckless disregard of whether the payments were being made can be established even if the responsible person has no knowledge that the payroll taxes were not being paid. It is important to remember that the court was deciding whether to grant York’s motion for summary judgment that he was not liable for the TFRP. By declining to grant York’s summary judgment, the court was not making a finding that York was liable for the TFRP. Rather, the court was holding that there were enough facts that he could be found liable if the case went to trial. A fact that seemed important to the court was York’s knowledge that the Company had previously failed to pay over to the IRS payroll taxes in 2014. He worked with the IRS to resolve that matter and knew that the Company always had financial difficulties, the implication being that he was on notice that the Company might not be paying the payroll taxes. York contended that when he became aware in August 2007 that payroll taxes were not being paid, the President and CEO was controlling all payment decisions. With respect to this contention, the court stated that once York acquired actual knowledge that the payroll taxes were not being paid, he willfully failed to take steps to pay them or to see that they were paid. What Should York Have Done To Protect Himself? The court offered no advice as to what York could have done to protect himself, other than pay the payroll taxes. He did have control over the Company’s checks, and he had check-signing authority. Notwithstanding the instructions of the President and CEO, York could have written checks to pay the payroll taxes. To do so, however, he would have needed the cooperation of the CPA to get the information necessary to pay the payroll taxes, and she may not have cooperated. If the CPA would not have cooperated, what could York have done then? As unreasonable as it may seem, a responsible person, such as York, may have no option but to quit once he or she learns that payroll taxes are not being paid and cannot ensure payment. In some cases, even quitting may be too late to avoid the TFRP. A Lesson Not to Forget Every (i) officer, director, and controlling shareholder of a corporation, (ii) officer, managing member, and controlling member of a limited liability, and (iii) officer and general partner of a partnership should understand the exposure to personal liability presented by the TFRP provisions. Regardless of your assigned responsibilities or job description, the position you hold in a business by itself may make you a responsible person. Moreover, you cannot assume the payroll taxes are being paid. As the 9th Circuit noted, you cannot “prefer ignorance.” Willfulness is not just an affirmative act. It can be a reckless disregard of whether the payroll taxes are being paid. More alarming is that recklessness can be found if you know that payroll taxes should be paid even if you have no knowledge that they are not being paid by the person assigned to pay them. Your exposure is increased if you know that payroll taxes were not paid in the past. You must be vigilant when it comes to the payment of payroll taxes.
Employee Retention Credit claim up to $26,000 per employee. Back To Back PPP Loans. Even if you have already claimed for PPP Loan Application. How to claim Employee Retention Credit or ERC for your business. Concerning The ERC Program What is the Employee Retention Credit (ERC)? Back To Back PPP Loans ERC is a stimulus program made to help those services that were able to maintain their employees throughout the Covid-19 pandemic. Developed by the CARES Act, it is a refundable tax credit– a grant, not a loan– that you can claim for your business. Back to back PPP loans. The ERC is available to both tiny as well as mid sized services. It is based on qualified earnings and healthcare paid to employees As much as $26,000 per staff member Available for 2020 as well as the initial 3 quarters of 2021 Qualify with decreased profits or COVID occasion No restriction on financing ERC is a refundable tax credit. Just how much money can you get back? Back To Back PPP Loans You can claim as much as $5,000 per employee for 2020. For 2021, the credit can be up to $7,000 per employee per quarter. Exactly how do you understand if your business is eligible? To Qualify, your business has to have been negatively influenced in either of the adhering to means: A federal government authority called for partial or complete shutdown of your business during 2020 or 2021. Back to back PPP loans. This includes your operations being limited by business, inability to travel or restrictions of group meetings Gross receipt reduction requirements is various for 2020 and also 2021, however is measured versus the existing quarter as compared to 2019 pre-COVID amounts A business can be qualified for one quarter and also not an additional Originally, under the CARES Act of 2020, organizations were not able to get approved for the ERC if they had currently obtained a Paycheck Protection Program (PPP) loan. Back to back PPP loans. With new legislation in 2021, companies are currently eligible for both programs. The ERC, however, can not apply to the very same incomes as the ones for PPP. The ERC undertook numerous modifications and has many technical information, including exactly how to determine qualified incomes, which workers are qualified, and also more. Back to back PPP loans. Your business’ particular situation might require even more extensive evaluation as well as analysis. The program is intricate as well as may leave you with many unanswered inquiries. We can aid make sense of it all. Back to back PPP loans. Our specialized experts will certainly guide you as well as detail the steps you need to take so you can make best use of the claim for your business. Our services consist of: Detailed analysis regarding your eligibility Extensive evaluation of your insurance claim Guidance on the declaring procedure and paperwork Details program knowledge that a routine CPA or pay-roll cpu could not be well-versed in Rapid and smooth end-to-end process, from qualification to claiming and also receiving reimbursements. Committed specialists that will certainly interpret very complicated program rules as well as will certainly be available to address your inquiries, including: How does the PPP loan aspect into the ERC? What are the distinctions between the 2020 as well as 2021 programs and just how does it relate to your business? What are aggregation rules for bigger, multi-state employers, and also exactly how do I interpret several states’ executive orders? Exactly how do part time, Union, and tipped workers influence the quantity of my reimbursements? All Set To Get Started? It’s Simple. 1. We establish whether your business qualifies for the ERC. 2. We assess your insurance claim as well as calculate the maximum quantity you can receive. 3. Our group guides you via the claiming procedure, from starting to end, consisting of correct paperwork. DO YOU QUALIFY? Address a few straightforward questions. TIMETABLE A CALL. Frequently Asked Questions (FAQs). What period does the program cover? The program started on March 13th, 2020 and upright September 30, 2021, for eligible employers. Back to back PPP loans. You can apply for reimbursements for 2020 as well as 2021 after December 31st of this year, right into 2022 and 2023. As well as potentially beyond after that too. We have clients that got refunds just, as well as others that, along with reimbursements, additionally qualified to proceed receiving ERC in every pay roll they refine through December 31, 2021, at concerning 30% of their payroll price. We have customers who have obtained refunds from $100,000 to $6 million. Back to back PPP loans. Do we still Qualify if we already took the PPP? Do we still Qualify if we did not incur a 20% decrease in gross receipts? Do we still Qualify if we stayed open during the pandemic? The federal government developed the Employee Retention Credit (ERC) to offer a refundable employment tax credit to help organizations with the cost of maintaining personnel utilized. Qualified services that experienced a decrease in gross receipts or were shut due to federal government order and also really did not claim the credit when they filed their initial return can capitalize by filing adjusted work income tax return. Businesses that file quarterly employment tax returns can submit Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for RefundPDF, to claim the credit for prior 2020 and also 2021 quarters. Back to back PPP loans. With the exception of a recovery start-up business, many taxpayers came to be ineligible to claim the ERC for earnings paid after September 30, 2021. A recovery start-up business can still claim the ERC for salaries paid after June 30, 2021, as well as prior to January 1, 2022. What Is The Employee Retention Credit (ERC), And How Does The Program Work? When the Covid 19 pandemic started, and also companies were required to close down their procedures, Congress passed programs to give monetary aid to business. Among these programs was the staff member retention credit ( ERC). The ERC offers eligible companies pay roll tax credits for incomes and also health insurance paid to workers. Nevertheless, when the Infrastructure Investment as well as Jobs Act was signed right into legislation in November 2021, it placed an end to the ERC program. In spite of completion of the program, businesses still have the opportunity to insurance claim ERC for up to three years retroactively. Back to back PPP loans. Below is an overview of just how the program jobs as well as exactly how to claim this credit for your business. What Is The ERC? Initially readily available from March 13, 2020, with December 31, 2020, the ERC is a refundable payroll tax credit produced as part of the CARAR 0.0% ES Act. Back to back PPP loans. The objective of the ERC was to encourage employers to maintain their employees on payroll throughout the pandemic. Qualifying companies as well as consumers that obtained a Paycheck Protection Program loan can claim up to 50% of qualified earnings, consisting of qualified medical insurance expenses. The Consolidated Appropriations Act (CAA) broadened the ERC. Employers that qualified in 2021 can claim a credit of 70% in qualified earnings. That Is Eligible For The ERC? Whether you get the ERC depends on the moment period you’re getting. To be qualified for 2020, you need to have actually run a business or tax exempt organization that was partly or totally closed down due to Covid-19. Back to back PPP loans. You additionally require to reveal that you experienced a substantial decrease in sales– less than 50% of similar gross invoices contrasted to 2019. If you’re attempting to get approved for 2021, you must reveal that you experienced a decline in gross receipts by 80% contrasted to the very same period in 2019. If you weren’t in business in 2019, you can contrast your gross receipts to 2020. The CARES Act does ban independent individuals from claiming the ERC for their very own wages. Back to back PPP loans. You additionally can’t claim earnings for specific people that are related to you, but you can claim the credit for earnings paid to staff members. What Are Qualified Wages? What counts as qualified wages relies on the size of your business and also the amount of workers you carry team. There’s no dimension limit to be qualified for the ERC, yet small as well as big firms are treated differently. For 2020, if you had more than 100 permanent workers in 2019, you can just claim the incomes of staff members you preserved yet were not functioning. If you have less than 100 staff members, you can claim every person, whether they were working or otherwise. For 2021, the limit was elevated to having 500 full-time staff members in 2019, offering companies a great deal more leeway regarding that they can claim for the credit. Back to back PPP loans. Any kind of salaries that are subject to FICA taxes Qualify, as well as you can consist of qualified health and wellness costs when calculating the tax credit. This revenue must have been paid in between March 13, 2020, as well as September 30, 2021. Nonetheless, recovery start-up businesses need to claim the credit through the end of 2021. Just how To Claim The Tax Credit. Although the program ended in 2021, companies still have time to claim the ERC. Back to back PPP loans. When you file your federal tax returns, you’ll claim this tax credit by filling in Form 941. Some companies, specifically those that got a Paycheck Protection Program loan in 2020, mistakenly thought they didn’t receive the ERC. Back to back PPP loans. If you’ve currently filed your tax returns as well as currently realize you are qualified for the ERC, you can retroactively apply by completing the Adjusted Employer’s Quarterly Federal Tax Return (941-X). Given that the tax laws around the ERC have altered, it can make determining qualification perplexing for lots of business proprietors. The process gets even harder if you possess numerous businesses. Back to back PPP loans. GovernmentAid, a division of Bottom Line Concepts, assists clients with numerous forms of financial alleviation, specifically, the Employee Retention Credit Program. Back To Back PPP Loans
How to Check Your Credit Report Checking your credit report is one of those tasks that’s important to do regularly. If you don’t check your credit report, you run the risk of not catching it if someone steals your identity. That’s reason enough to check it right there. You may also end up being charged higher interest rates for things than you might otherwise receive if there are incorrect items on your report. There are three credit reports that you can receive for free each year: one from TransUnion, one from Equifax, and one from Experian. Thanks to the FACT Act, you can receive each report once per year. To do so, go to annualcreditreport.com, call 1-877-322-8228, or request it by mail by filling out this form and then mailing it to the address provided on the form. Reviewing your credit report When you get your report, it will list accounts that you either currently have or have had in the past, payment histories and statuses, some personal information (such as your name, former names, address(es), and sometimes your employer(s). Look over the information on it to be sure that it is accurate. If there are things on the report that are incorrect, follow the procedures given to file a dispute. Do the same thing if you see things on there that do not belong to you. I would dispute the errors with each credit reporting company that shows them on their report. (So you may end up disputing the same error with all three companies.) You may also want to put a fraud alert on your credit file, and file a police report if it does turn out that your identity has been stolen. Chances are, there might be a few small errors the first time you check your report. That’s not a reason to panic — just get it straightened out. Your credit report is not the same as your credit score What you won’t get for free while checking your credit report is your credit score. Instead, the companies will ask you if you want to buy your score. I don’t really see a reason to do so beyond curiosity, unless maybe you are actively trying to improve bad credit and want some feedback. If you do buy your score, it will likely be a Vantage Score, which is not the same as a FICO score. Remember that you don’t have to buy your score in order to get your credit report. You CAN get your credit report for free once a year without spending a dime, so just say no to the offers if you don’t want them. (You can also get it for free if you have recently been denied credit.) When to check your credit report So when you should check your credit report? It’s up to you. Some people check all three of their reports at once on single a date that they’re sure to remember each year (such as the last day of the year, the first day of the year, or their birthday). Others check one report every four months, rotating through the reports so that they end up checking each report once a year. An advantage to doing them all at once is that you’ll have it done, and it may be more convenient. An advantage to spreading them out throughout the year is that you’ll have a more up-to-date picture of your credit history on an ongoing basis. Do what works best for you — the important thing is to check your report regularly.
Identify and Fix Discrepancies That Arise During Real Estate Transactions Inaccurate descriptions, inconsistent and conflicting surveys, convoluted plat map designations, confusing historical record issues, and unrecorded easements can pop up at any time during real estate transactions. Are you prepared? In this online seminar, you'll gain real-world insight from veteran attorneys who have worked in the field, have hands-on experience, and know what challenges you'll face. Filled with examples and sample documents, faculty will teach you how to review, analyze and interpret surveys, maps, records, and descriptions in plain English. Gain the technical skills you need to catch errors and handle them before they spiral out of control - register today! Dig into state and ALTA/NSPS land title survey standards and compliance. Discover exactly what you need to be looking for in maps and survey reports. Gain insight on how to reconstruct events from a century ago. Walk through title insurance commitment exclusions, exceptions, and endorsements. Spot and resolve legal descriptions that don't close. Confidently cross-read the survey and title commitment. Learn how to prove/disprove non-recorded easements. Surveying Skills for the Real Estate Attorney The Art and Science of Reconstructing Events from a Century Ago Title Insurance Dissection - Real-World Examples Cross-Reading Title Reports and Surveys; Title Objections Handling Complex Boundary, Easement, and Encroachment Issues Jack R. Luellen is a principal of Dickie, McCamey & Chilcote, PC, and the location chair of the Denver office, where his practice is primarily dedicated to oil and gas law, with a particular emphasis on litigation. Mr. Luellen earned his B.S. degree, with distinction, from Colorado State University; and his J.D. degree, cum laude, from the University of Minnesota Law School. He is admitted to practice in California, Colorado, Utah, and North Dakota. Mr. Luellen is a member of the Rocky Mountain Mineral Law Foundation and Energy Mineral Law Foundation. Minturn Wright is a founding partner with Shannon & Wright LLP in Alexandria, Virginia, where he primarily represents clients in real estate transactions and litigation matters. His two-plus decades of experience as a lawyer have been almost equally divided between real estate transfers and other transactions and litigation (principally real estate, tax appeals and tax sales, civil rights, and insurance defense). Mr. Wright has had experience dealing with environmental issues, business entities (corporations, limited liability companies, and the like), and patent/trademark issues, particularly licensing. He earned his B.S. degree from Yale University and his J.D., M.S. and Ph.D. degrees from the University of Southern California. Mr. Wright is admitted to practice in Virginia, the District of Columbia, and California. We use this information in order to improve and customize your browsing experience, in addition to improving our internal analytics and metrics about our visitors.
Average Down Payment On A House For First Time Buyer The average first time home buyer is probably very concerned about how much money will be needed to make a down payment on a home. The amount of money needed for an adequate down payment can vary greatly depending on several different factors. The NJHMFA state-wide Down Payment Assistance Program (DPA) provides $10,000 for qualified first-time homebuyers to use as down payment and closing cost assistance when purchasing a home in New Jersey. The DPA is an interest-free, five-year forgivable second loan with no monthly payment.. To participate in this program, the DPA must be paired with an NJHMFA first mortgage loan. down payment assistance. down payment and/or closing cost assistance options. Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA assistance options to help with down payment and/or closing costs. Even if you contribute towards a down. A monthly class is provides education to homebuyers who have home ownership as a goal. The class covers the entire home buying process with special emphasis on the down payment assistance programs offered by the City of San Antonio. Bond Advantage Down Payment Assistance Program (DPA) The Bond Advantage Down Payment assistance (dpa) program was established to help borrowers who are eligible for montana housing financing, but who lack funds for down payment and closing costs. Down Payment Assistance Program Program Overview. Shelby County’s Down Payment Assistance (DPA) Program assists low and moderate income individuals in covering a portion of their down payment and closing costs associated with purchasing a home. Down Payment Assistance allows homebuyers to choose either 2.5% or 5% of the home’s purchase price. Assistance can be applied towards down payments, closing costs or other pre-closing expenses. This assistance is forgiven after seven years. If you sell or refinance your home within seven years, you must repay all of the assistance provided. The Down Payment Assistance Program (DPA) offers a deferred 0% interest loan for eligible "first-time homebuyers" to help purchase a home within the Austin City Limits. Access to assistance must be made through through Trained Loan Officers (see Loan Officer Training, below) who are registered on the DPA’s List of Participating Lenders. Buy A House Without A Down Payment Explaining Bridge Loans And How One Can Help You In A Pinch – Trying to buy and sell a home at the same time is difficult. the funds upfront to pay off your old mortgage and potentially finance your down payment. Then, when your old house eventually sells, Chenoa Fund Is an affordable housing program provided through a federally chartered government entity to increase affordable and sustainable homeownership. Down Payment For Fha 2019 Down Payment Assistance Florida \| Up to $15,000 dollars – · 2019 House 2 Home (Sapphire) FHA Down Payment Assistance for ALL Florida Counties. Provides up to 4% in down payment assistance in ALL Florida Counties for FHA Loans. Down Payment Assistance is forgiven when 36 consecutive months of on-time 1st mortgage payments have been processed. Buyer does not need to be first time Home Buyer. A collaboration between a nonprofit and one of the world’s largest banks now promises thousands of dollars in home-buying. Wells Fargo announced Monday it is partnering with NeighborWorks America and nonprofit organizations to bring down payment assistance to prospective homebuyers in Houston. The bank is committing $6.1.
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Request an Interlibrary Loan If the PEI Public Library Service does not have a book you are looking for, we can help you search for it through our Interlibrary Loan Service. Interlibrary loans are books that we borrow from other library systems within the province or across Canada. What is available to borrow through Interlibrary Loan? - Journal Articles The following items are not available to borrow through Interlibrary Loan: - New releases (books published within the last 2 years) - Digital titles (i.e. DVDs, C.D.s, eBooks, eAudiobooks, etc) - Microfilm and microfiche How do I request an item through Interlibrary Loan? Interlibrary Loan requests can be submitted online through our online application form. You may request a maximum of 3 items at one time and you should complete a separate form for each request. When completing the online application form, you will be asked to provide the following: - your name, address, and telephone number, - your 14-digit library card number and the name of the public library where you would like to pick up your request(s), - the author's name and the title of the book or magazine (for articles), and - the date of publication What happens after I submit my request? - Items can take up to 3-6 weeks to arrive depending where in Canada they are being mailed from - You will be notified by email or phone when your item arrives. You will also be notified if a requested item is not available - Interlibrary loans can be borrowed for 3 weeks and are not renewable - You can return Interlibrary loans to any of our 25 public libraries
Investing should be easy – just buy low and sell high – but most of us have trouble following that simple advice. There are principles and strategies that may enable you to put together an investment portfolio that reflects your risk tolerance, time horizon, and goals. Understanding these principles and strategies can help you avoid some of the pitfalls that snare some investors. Do you know how long it may take for your investments to double in value? The Rule of 72 is a quick way to figure it out. Have A Question About This Topic? Information vs. instinct. Are your choices based on evidence of emotion? Learn more about women taking control of their finances with this infographic. Three important factors when it comes to your financial life. Diversification is an investment principle designed to manage risk, but it can't prevent against a loss. Gaining a better understanding of municipal bonds makes more sense than ever. Even the most seasoned investors have biases affecting their financial choices. This calculator can help you estimate how much you should be saving for college. Use this calculator to compare the future value of investments with different tax consequences. Estimate the potential impact taxes and inflation can have on the purchasing power of an investment. This questionnaire will help determine your tolerance for investment risk. Determine if you are eligible to contribute to a traditional or Roth IRA. This calculator helps determine your pre-tax and after-tax dividend yield on a particular stock. You’ve made investments your whole life. Work with us to help make the most of them. The sandwich generation faces unique challenges. For many, meeting needs is a matter of finding a balance. Learn about the difference between bulls and bears—markets, that is! With alternative investments, it’s critical to sort through the complexity. We all know the stock market can be unpredictable. We all want to know, “What’s next for the financial markets?” $1 million in a diversified portfolio could help finance part of your retirement.
You’re probably just starting out, wondering how soon you can pay off your student loans, get married or buy your first house. Retirement may be the furthest thing from your mind; something you’ll think about down the road. But the earlier you start planning, the more options you will have in the future. In fact, time is on your side, and starting small today helps you take advantage of compounding over longer periods of time. Setting the stage for retirement takes a plan, one that allows you to prepare for the future while enjoying life today. Get on track. We’ll help you learn the basics of financial planning and establish realistic goals for your future. Now is the time to. - Establish a budget and savings plan. Stick to it. Pay down high-interest debt. Better yet, avoid it. - Set up and maintain an emergency fund for those “just in case” moments. Save early, safe often. When it comes to your financial future, the most important factor in your favor is your age. We’ll take advantage of the time you have by: - Regularly contributing as much as you can to tax-advantaged retirement accounts. - Boosting savings with matching funds offered by your employer.
Palm Beach Gardens Fair Credit Reporting Act Attorney Employers rely on a number of criteria when deciding who will fill a job vacancy. Some businesses decide to conduct background checks on potential employees to help narrow their choices. Such background checks are generally legal, but they must comply with a federal law known as the Fair Credit Reporting Act (FCRA). A Florida employer can be held legally responsible for misusing a background check under the FCRA. If you are a job applicant or employee affected by such misuse, you may be entitled to compensation or other legal relief. The Palm Beach Gardens Fair Credit Reporting Act attorneys at the Sconzo Law Office, P.A., can review your case and advise you of your options. Your Rights as a Job Applicant or Employee Under the FCRA You are probably familiar with the concept of a credit report. It is basically a written statement that contains information about your past credit activity and current credit situation. For example, if you have any credit cards or have taken out a student loan, that information will be reflected on your credit report. But under the FCRA, a credit report is actually defined more broadly to include a wide range of background checks or reports that contain any sort of personal information about an individual. Basically, any report that an employer obtains from a third-party consumer reporting agency as a background check may fall within the scope of FCRA. And that means the employer needs to follow certain legal steps when requesting and using such information in making an employment-related decision. First, if an employer does intend to conduct a background check, it must notify the employee or job applicant in writing. This notice must be in a stand-alone document, not buried in the fine print of some unrelated form. The subject must then give their written authorization before the employer may actually obtain the third-party credit report. The employer must also certify to the reporting agency that it has complied with these notice-and-authorization requirements. If the employer then decides to take any adverse action based on the information contained in a credit report, it must then provide separate notice to the applicant or employee, including a copy of the report and a summary of their rights to challenge the accuracy of any information on said report under the FCRA. An “adverse action” in this context can mean refusing to hire a job applicant, or reassigning, demoting, or firing an existing employee. Contact the Sconzo Law Office Today To sum up, employers are not allowed to conduct “secret” background checks on you and then use that information against you in an employment context. You have certain rights that must be respected. If you have dealt with an employer whom you believe has not met these obligations, our Palm Beach Gardens Fair Credit Reporting Act attorneys may be able to help you in taking appropriate legal action. Contact the Sconzo Law Office, P.A., today to schedule a complimentary consultation with a member of our team.
Leader comment: How Queen Elizabeth could learn from Jimmy Carr over tax affairs The public’s attitude towards multi-millionaire tax dodgers has become less forgiving as the country has suffered under years of austerity and flat-lining pay rates. So the royal official who decided it was a good idea for Queen Elizabeth to invest £10 million in an offshore tax haven – assuming documents among a mass leak of financial papers are accurate – made a rather spectacular mistake. For Her Majesty to be in the same kind of company as the likes of comedian Jimmy Carr, who infamously used a tax avoidance scheme described by then Prime Minister David Cameron as “morally wrong”, must be hard for her to bear. It is considerably less than majestic behaviour. It should be remembered that the tax affairs of the Queen are rather different to those of ordinary citizens. As head of the British Royal Fammily and the UK’s hereditary head of state, she is not actually legally obliged to pay any tax at all. She only does so after volunteering to pay income and capital gains tax in 1992. Council tax is also paid on properties such as Buckingham Palace, Windsor Castle and Balmoral, which are all classed as band H. Having entered into this agreement, she and her officials – it seems fairly certain she would not have made the decision personally – should abide by the spirit of it and avoid the use of tax havens and other accounting tricks designed to reduce the total bill. Her offshore investments may indeed have been “fully audited and legitimate”, as a spokesman for the Duchy of Lancaster stressed when asked about revelations in the so-called Paradise Papers. However, many wealthy individuals and corporations which have earned the disapproval of ordinary people struggling to pay their bills could say the same. Any monarch needs to win and keep the affection of their people and, over the seven decades of her reign, Queen Elizabeth has by and large managed to do this. But the Queen, or rather those officials, might learn a lesson from Jimmy Carr. When faced with reports that he was using a tax avoidance scheme, the comedian stopped trying to be funny, accepting this was a “serious matter” and admitting he had made “a terrible error of judgment”. A similar admission by the Palace and a promise to avoid tax havens in future might go a long way to restoring any lost lustre to the Crown.
Riding ATVs with your buddies or family combines the thrill of the great outdoors with the power of a four wheeling machine. Insurance protects your investment if it’s damaged or stolen, and some riding clubs require insurance before they’ll allow you to join. Lower your ATV insurance premiums with seven tips. 1. Buy a utility model. Sporty models or ATVS with bells and whistles look and ride nice, but they may cost more to insure. Utility models are often economical to insure. Likewise, keep in mind that the ATV’s mileage, condition and age also affect your premium. 2. Take a safety course. Most ATV dealers offer safety courses that include a book test and riding instruction. Your insurance company may reward you and anyone who shares your machine for knowing how to navigate your ATV safely in all terrains. 3. Maintain a clean driving record. Your insurance premium stays low when you operate the ATV safely and only on grounds where you have permission to ride legally. 4. Store your ATV safely. Locking your toy in the garage and installing an anti-theft device on it can reduce your insurance costs. 5. Compare policies. Different insurance companies offer different deductibles, coverage options and rates, so take your time and comparison shop. 6. Use one company for all your insurance needs. Most companies give you a discount when you combine, home, auto and ATV insurance. 7. File claims only when you have to. You pay for insurance so that you can file a claim if you have to, but don’t file for every little damage or your premium will rise. If you love riding your ATV, make sure it’s properly insured. Then, use these seven tips to obtain a lower premium. Call us today for additional information on how we can help you find the affordable ATV insurance coverage you need.
Starting in 2005, Chuck and Luane have been purchasing Series EE bonds in their name to use a. Determine the tax consequences for Chuck and Luane, who will file a joint return, and for Susie. b. Assume that Chuck and Luane purchased the bonds in Susie's name. Determine the tax consequences for Chuck and Luane and for Susie. c. Howwould your answer to part (a) change if Chuck and Luane filed separate returns. Fantastic news! We've located the answer you've been seeking! Step by Step Answer:
Back in 2012 the U.K. based Observer newspaper decided to test the performance of their panel of professional stock-pickers. In a three-way contest they pitted the trio of investment professionals against a team of finance students and a house cat named Orlando.1 According to the story, at the start of the year each team was given an imaginary £5000 (about $5,700 USD) to invest hypothetically in five companies from the FTSE All-Share index. Every three months they had the option of exchanging any of the five stocks, as long as they replaced them with others from the same index. Writing for the Observer, Mark King said that while the professionals used their decades of investment knowledge and traditional stock-picking methods, the cat selected stocks by throwing his favorite toy mouse on a grid of numbers allocated to different companies in the same index. There was no mention of how the students made their choices. Through the first three quarters of the year the professionals seemed poised to win the contest. But in the fourth quarter they decided to hold onto such “sure bets” as British Gas and Imagination Technologies, both of which went on to decline by double digits. Orlando the cat, however, continued to make trades, which were fortunate enough to propel him into the lead for the entire year. About the lesson learned, King wrote, “The result indicates that the ‘random walk hypothesis’ popularized in Burton Malkiel’s A Random Walk Down Wall Street, is perhaps truer than we thought.” Malkiel famously demonstrated that share prices move randomly because of new information, making stock markets essentially unpredictable. In 2012 the market went through several significant corrections followed by dramatic recoveries. Even looking back with 20-20 hindsight, it’s hard to pinpoint exactly why stocks performed the way they did. No wonder the experts got it wrong. But the Observer missed a big opportunity with its yearlong demonstration. They should have added one more animal to the contest—a goldfish. One that makes no stock picks. If they had given that goldfish £5000 worth of the S&P 500 index and he had swum around all year making no changes, he would have beaten the cat’s hypothetical returns by 18%.2 (Orlando “made” 10.8% for 2012. The S&P 500 made 13%.) Many people believe that investing for retirement is mostly about making the right stock picks. But disciplined, diversified asset allocation helps reduce risk in your pursuit of long-term investing success. Your strategy should be part of a broader plan carefully tailored to your situation, one that considers the unpredictable nature of global markets. And then you need a trusted professional to help you navigate the emotional ups and downs that come with investing, holding you accountable to do the right thing no matter how you’re feeling. No cat or goldfish can do all that. If you ever have any questions about your investments or retirement plans, please feel free to give me a call at 801-545-0696. Stonecreek Wealth Advisors, Inc., A Financial Advisor in Utah 11576 S State Street, Bldg. 1002 Draper, UT 84020 This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This material was prepared by Efficient Advisors, LLC (“EA’) for Mark Lund, Mark is a Financial Advisor in Utah. He is known as a Wealth Advisor, The 401k Advisor, Investor Coach, Financial Planner, Investment Advisor and author of The Effective Investor. Mark offers investment advisory services through Stonecreek Wealth Advisors, Inc. a fiduciary, independent, fee-only, Registered Investment Advisor firm providing investment management and retirement planning for individuals and 401k consulting for small businesses. Mark’s newsletter is called The Effective Investor Newsletter. Cities served in Utah are: Salt Lake City, Salt Lake County, Utah County, Park City, Murray City, West Jordan City, Sandy City, Draper City, South Jordan City, Provo City, Orem City, Lehi City, Highland City, Alpine City, American Fork City. The views expressed herein are exclusively those of Efficient Advisors, LLC (‘EA’), and are not meant as investment advice and are subject to change. All charts and graphs are presented for informational and analytical purposes only. No chart or graph is intended to be used as a guide to investing. EA portfolios may contain specific securities that have been mentioned herein. EA makes no claim as to the suitability of these securities. Past performance is not a guarantee of future performance. Information contained herein is derived from sources we believe to be reliable, however, we do not represent that this information is complete or accurate and it should not be relied upon as such. All opinions expressed herein are subject to change without notice. This information is prepared for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. You should seek financial advice regarding the appropriateness of investing in any security or investment strategy discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. You should note that security values may fluctuate and that each security’s price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Investing in any security involves certain systematic risks including, but not limited to, market risk, interest-rate risk, inflation risk, and event risk. These risks are in addition to any unsystematic risks associated with particular investment styles or strategies.
Partnerships Tax jobs in Basingstoke Broaden your search Refine your search Found 1 job Partnership Tax ManagerLondonUp to £85,000Are you a qualified tax specialist looking for a first move in-house?Do you want to join a successful multin Personal & Partnership tax - Legal Firm - Part Time or Full Time - Fully Qualified or QBE - 50% wfh and flexible working options.
My Retirement Savings Estimate how long your retirement savings may last using various monthly cash flow rates. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. Critical Estate Documents Sound estate management includes creating financial and healthcare documents. Here's an inside look. A Taxing Story: Capital Gains and Losses Understanding how capital gains are taxed may help you refine your investment strategies.
Many people think the best way to save on homeowners insurance is to reduce their coverage, but that could put you in a very bad spot if a covered event occurs. Over two-thirds of American homes are underinsured because of this. Instead of sacrificing valuable coverage, try the following 3 tips for saving on your current coverage: Ask for discounts You may be eligible for a discount, but you’ll never know until you ask your agent. Available discounts may include, but are not limited to: • Loss Free • Home security discounts: for homes containing security features such as central 24/7 monitoring alarms for fire, burglary, low temperature, smoke alarms, fire extinguishers, dead bolts, non-smokers, built-in generators, etc. • Loyalty discounts: For years insured with prior insurance provider • Home improvement discounts: for renovated homes with new features such as new roof, heating systems, updates to electrical wiring and plumbing systems. • Payment type: EFT from checking or savings, Recurring credit card or Pay in Full. • Senior discounts: for ages 55 and up Remember, the less risk your homes poses, the less expensive your coverage will be. Raise your deductible A higher deductible often equates to lower monthly premiums. Most standard homeowner policies have a $1,000 deductible. However, it’s recommended that you raise your deductible to the highest amount you could afford at any given time. That way, you’ll save money each month on your premium—up to 10 percent off! With this discount, you can save more on your insurance budget, which can fund your deductible if a covered event occurs. Not to mention, you shouldn’t want to use your insurance for small losses as claims will affect your renewal cost & eligibility. Look at insurance differently and plan your protection for larger losses. Bundle your policies Bundling your policies together with a single insurer can save you up to 10 percent on premiums across the board. The most common bundle is Home and Auto, but you can also include Personal Umbrella, Valuable items such as jewelry & fine arts, Boats, Rental property, etc. A multi-line policy is an easy, effortless way to save money right away and by bundling the billing and converting to EFT, you can save on each policy’s costly monthly installment fees. Review your policy today and ask us about savings opportunities on your premium today. Call Ten Eyck Group Insurance at (518) 464-0059 for more information on home insurance.
Find Out How You Can Get Help from a Living Trust Attorney in Ontario CA You need a living trust attorney in Ontario CA who has the experience to give you with the best service possible. You require a responsive attorney who specializes in financial law and will give your case the attention it deserves. You’ll need to contact Law Offices of Terrence Fantauzzi at (909) 552-1238. What Are the Benefits of Setting Up a Trust? Why is it so crucial to have a trust? Because it allows you to transfer property while you are still living or after you pass away. Trusts are an important aspect of your estate plan, and they have numerous advantages for both you and your heirs. A knowledgeable living trust attorney in Ontario CA could explain more about the purpose of trusts and work to create documents that fit your individual needs. Do not hesitate to reach out to Law Offices of Terrence Fantauzzi to learn more. Your Attorney Can Help You Set Up the Right Type of Trust California Probate Code allows for several ways to form a trust. It might be done through a transfer of property while the covered party is alive to another person who will act as a trustee. A trust can be set up to come into effect when the owner dies. Or a declaration by the property owner that they hold the property as a trustee. The property of the owner is transferred to a trustee regardless of how the trust is set up. After that, the trustee is in charge of the property until a certain date. When that date arrives, the trustee distributes the property to the beneficiaries who have been named. This is the most fundamental concept of trust. When you engage with a living trust attorney in Ontario CA, we will go over the legal requirements as well as other details. A Properly Set Up Trust Allows You to Avoid the Probate Process One of the most significant benefits of a trust is that the property it holds is not subject to probate. What exactly does this mean? It means that the trust’s beneficiaries won’t have to wait for probate to acquire legal ownership of the assets they’ve inherited. Avoid Taxes with the Help of a Living Trust Attorney in Ontario CA Another common use for trusts is to gain financial advantages. Property that sits in a trust is no longer an asset of the trust maker. This can help those people to avoid paying unnecessary taxes. Similarly, beneficiaries of trusts do not need to pay taxes when they receive the property, as opposed to the gift taxes that can apply to straight transfers. Are You Ready to Talk to a Living Trust Attorney in Ontario CA? A trust is an example of an estate planning vehicle that provides you with more flexibility than a normal will. Property held in a trust does not have to go through probate and is often tax-free. Creating a trust requires the naming of property, the nomination of a trustee, and the identification of at least one beneficiary. Beyond this, a trust can serve almost any purpose that you can imagine. A living trust attorney in Ontario CA can help you get this set up. Contact Law Offices of Terrence Fantauzzi at (909) 552-1238 to get started.
Editor: A very interesting article about Sally (The Log Jan. 3-16 edition). I always wondered what happened to that beautiful, 10 meter, sailboat. Most of the information I have actually came from the “street” but the basics are there. In the 1950s I was the Southern California Marine Industry Representative for the Behr-Manning Company, a major manufacturer of abrasives, sandpaper and masking tapes. I knew just about everyone in the boating industry and from there became plant manager for Newport Marine Supply Company, which later became West Marine. In those days, sailboat hardware was all custom and hand built so if a sailboat owner or builder needed special hardware, we custom built it in out Costa Mesa plant. I was familiar with most of the larger sailing yachts. For many years, Sally was a beautiful fixture in Newport Harbor and when I first became conscious of her existence, she was rumored to be owned by the big Savings & Loan mogul of Newport Savings & Loan and I believe, Home Savings & Loan. I do not recall his name at the moment. As I recall, Sally was kept at the Newport Savings facility at Lido close to Pioneer, a large schooner. Sally was painted a beautiful soft green that came to be known as ‘Sally Green” and was marketed by one of the major paint companies under that name. I was so enamored by that color the color I painted my 22-foot Star boat that color. Jascha Heifetz, a renowned violinist, lived in a secluded home at the north end of Newport Harbor Island. When he passed away the property somehow came into the possession of the Savings & Loan. The big mogul moved into the property and Sally, in all her grandeur, was moored there for what seemed to be many years. Sally seemed to be well taken care of and beautifully maintained but was rarely sailed. Occasionally a crew was put together and she was sailed along with other classic yachts and was a beautiful sight. When the big crash of the Savings & Loan industry occurred, Sally disappeared and the Harbor Island property was subdivided into four or five lots that nor have big luxury homes. Thanks for the article, Charles (Chuck) Boniols, Sea Tow Southern California Newport Beach Letter edited for clarity and brevity.
SW Funding, LP is a HUD approved mortgage broker and banker with over 200 locations nationwide. Based in Dallas, TX since 1993, our firm has strong financial backing, we’re debt free and we currently have a very credible track record. A member in nice standing with the Better Business Bureau and the Department of Housing and Urban Development. Usda Loan Lenders Near Me 50 percent lower than your local bank call me. the USDA is a zero-down loan for low-to-moderate income families. Besides the no money down, you’ll enjoy other perks like a mortgage insurance. North Dallas Mortgage is a low cost texas residential mortgage lender offering Conventional, VA, FHA, & USDA Home Loans for Purchase & Refinance PeirsonPatterson, LLP (the Firm) is a Texas-based law firm that provides legal services to the mortgage banking and consumer lending industry. The center, at 1320 Greenway Drive, will serve mortgage brokers in Dallas-Fort Worth as well as in the East Texas cities of Tyler, Longview, Lufkin and Palestine; the West Texas cities of Lubbock, A jury convicted two North Texas women this week for their roles in a mortgage fraud scheme involving properties in more than two dozen texas cities. azza bassiouny, 44, of Dallas and Kamilla.. List of the best mortgage broker in Dallas, TX. Get free custom quotes, customer reviews, prices, contact details, opening hours from Dallas, TX based businesses with mortgage broker keyword. NEW YORK, Oct. 17, 2017 /PRNewswire/ — Hunt Mortgage Group, a leader in financing commercial. the amount of $18 million to refinance a multifamily property located in Dallas, Texas. Magnolia Creek. View 56 listings for Mortgage Brokers in Dallas, TX. Browse our list of Mortgage Brokers with reviews, directions, and phone numbers in Dallas, TX. On Wednesday, the Five Star Institute hosted the Five Star Diversity Symposium in Dallas, Texas. The event was a day-long event focused on advancing the conversation on diversity within the mortgage. DALLAS, TX (July 9, 2019) – Calyx ®, a leading provider of comprehensive mortgage software solutions for banks, credit unions. including a valid Texas residential mortgage loan originator license. For more information on the role and company, please see our full posting here and reach out to Sarah Decker.” “Ready to make your. Wholesale operations buy loans from mortgage brokers. outside Texas. The nine offices will employ 150 to 200 people, he said. Scott MacDonald, director of the Southwestern Graduate School of.
With housing prices on the rise in many US markets, it can be difficult to find a home that fits your family’s needs without mortgage payments that will. Lewis said that this trend holds true even. Buying your first home is a big deal. Between comparing neighborhoods and reviewing real estate listings, make sure you understand the basics of home financing. Ask yourself these questions. You can think about how you might pay for a down payment. You can also get prequalified – provide some basic information to get an idea of your home. They tightened requirements and it was difficult to get a loan if you had blemished credit. Now, more lenders are willing to give more people a chance. Things like the Dodd Frank Act – an act that standardized the mortgage-application process, giving lenders clear steps to follow for most loans – have helped ease the way too. Power Choice Mortgage Complaints local lender jumbo loans and Low Down Payment Home Loans in San Diego. – Jumbo Loans and Low Down Payment Home Loans. Welcome to America’s Local Lender, LLC. We are a boutique mortgage broker licensed in California and Florida, specializing in originating loans that close on time with no hassle to you..About us – PCMA – pcma.mortgage – About us. The mortgage experts who work for you.. We continue to offer an ongoing service to our customers by offering a regular review of their mortgage and protection needs with our Semi-Annual – "Mortgage Review and Lifestyle Assessment". Requirements for getting a mortgage loan often change, and if you are considering applying for a home loan in the near future, be ready to cough up the cash. Walking into a lender’s office with zero cash is a quick way to get your home loan application rejected. what is the best place to get a VA home loan and what are the credit scores suppose to be? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience. Requirements to qualify for a small mortgage loan . Getting a small mortgage loan holds many similarities to getting a mortgage loan of any amount, particularly in the pre-qualification and approval process. Here are five factors that are similar, regardless of the amount you’re trying to get. OUR PROMISE TO YOU: Student Loan Hero is a completely free website 100% focused on helping student loan borrowers get the answers they need. Read more. How do we make money? It’s actually pretty simple. If you choose to check out and become a customer of any of the loan providers featured on our site, we get compensated for sending you their way. Paying off a mortgage is a huge. money to work in other places. Let’s dive in. Everyone agrees: tackle mortgage debt last Before you even think about paying off your mortgage early, financial.
https://www.vinaudit.com/wp-content/uploads/2023/12/vinaudit-logo.svg 0 0 Nice Dupa https://www.vinaudit.com/wp-content/uploads/2023/12/vinaudit-logo.svg Nice Dupa2023-02-14 00:41:012023-02-14 11:28:06Special Financing Special financing refers to a type of financing that is offered to customers with unique or specific needs. It is a way for lenders to provide financial services to individuals or businesses that may not qualify for traditional financing due to credit issues or other reasons. Special financing is usually offered by specialty finance companies or lenders and may come with higher interest rates or fees compared to traditional financing options. Examples of Special Financing - Subprime financing: This type of financing is offered to individuals with poor credit scores who may not be eligible for traditional financing. - Lease-to-own financing: This type of financing is offered to individuals who want to rent a product with the option to purchase it at a later date. - Pay-as-you-go financing: This type of financing allows customers to pay for a product or service over time as they use it, rather than upfront. - No credit check financing: This type of financing is offered to individuals who do not have a credit history or who have a poor credit history. What are different types of financing? - Debt financing: This type of financing involves borrowing money and repaying it with interest over a specified period of time. Examples include loans, bonds, and mortgages. - Equity financing: This type of financing involves selling ownership stakes in a company to raise capital. Examples include venture capital, angel investing, and stock offerings. - Crowdfunding: This type of financing involves raising small amounts of capital from a large number of people through online platforms. - Government financing: This type of financing involves obtaining funds from government agencies or programs, such as grants, loans, and tax credits. - Personal savings: This type of financing involves using personal savings or assets to fund a business, investment, or other endeavor. - Leasing: This type of financing involves renting equipment or property for a specified period of time rather than purchasing it outright. - Trade financing: This type of financing involves using trade credit or letters of credit to pay for goods or services. - Factoring: This type of financing involves selling accounts receivable to a third party in exchange for immediate cash.
Preparation is the Key to Retirement The simplest ideas can sometimes make a massive difference over time. Enjoy this brief video to learn more. Have A Question About This Topic? Purchasing homeowners insurance is critical for protecting your home. The S&P 500 represents a large portion of the value of the U.S. equity market, it may be worth understanding. Choosing to bear the financial burden of an adverse event is called self-insuring. Do you know what that entails?
Where do we generate our income or money? Robert Kiyosaki, a well-known author of Rich Dad Poor Dad, classified it into quadrants, as follows: E for employee S for small business or self-employed B for big business (500 employees) I for investor For example, an employee earns money by holding a job and working for a person or a company. Self-employed people earn money working for themselves. A business owner owns a business that generates money, and investors earn money from their various investments – in other words, money generating more money. Most of us have the potential to generate income from all four quadrants. Which quadrant you choose is more on who we are – our values, strengths, weakness, and interests. A person who comes from the E might say: “I am looking for a safe, secure job with good pay and excellent benefits.” A person who comes from the S quadrant might say: “My rate is P1,000 per day.” A person operating out of the B quadrant might say: “I’m looking for a new president to run my company.” And, someone operating out of the I quadrant might say: “Is my cash flow based on an internal rate of return or net rate of return?” Kiyosaki’s highly educated, but poor, dad said, “Go to school, get good grades, and find a safe secure job.” On the other hand, his rich, but uneducated, dad offered a different advice. He said, “Go to School, graduate, build business, and become a successful investor.” Simply said, in order to get rich, you have to be an (I) investor or a (B) big business owner. I heard someone saying that in order to get rich, you have to: (1) marry a millionaire, or (2) get an inheritance, or (3) win a lottery, or (4) through hard work, meaning from rags to riches. In order to get rich quickly, Kiyosaki adopts Number 4, on the I and B quadrants. Success on the B and I side requires a particular kind of knowledge about money called “financial intelligence.” Rich dad said that financial intelligence determined, not so much how much money you make, but how much money you keep, how hard that money works for you, and how many generations you can keep it. This is the path to financial freedom. This is true financial freedom because, in the B quadrant, people are working for you, and in the I quadrant, your money is working for you. If you look at the ultra-rich, this is their pattern, just like Bill Gates and Warren Buffett. The primary reason many people seek job security is because that’s what they are taught to seek, both at school and at home. Many of us are conditioned from our earliest days to think about job security, rather than financial security or financial freedom. In looking for job security, you are only making the employer rich in private company. The reality is that your boss’s job is not to make you rich. Your boss’s job is to make sure you get your paycheck. It’s your job to become rich if you want to. If you budget your money wisely and learn about either the B or I quadrant, then you’re on your own path to great personal fortune and, most importantly, freedom. There are people who want to be their own boss. Kiyosaki called the group the “do-it-yourselfers.” Often, when it comes to the subject of money, a hard-core S (Self-employed) doesn’t like to have his or her income dependent on other people. In other words, if S’s work hard, they expect to get paid for their work. S’s don’t like having the amount of money they earn dictated by someone else or by a group of people who might not work as hard as they do. If they work hard, they expect to be paid well. In this group you find well-educated professionals who spent years in school, such as doctors, lawyers, etc. The B (Business owner) group could almost be the opposite of the S. Those who are true B’s like to surround themselves with smart people from all four categories: E, S, B, and I. Unlike the S, who doesn’t like to delegate work, the B likes to delegate. Henry Ford fit this mold. Investors (I quadrant) make money with money. They don’t have to work because their money is working for them. The I quadrant is the playground of the rich. It’s in the I quadrant that money becomes converted to wealth. Wealth? The definition of wealth is the number of days you can survive without physically working and still maintain your standard of living. For example, if your monthly expenses are P25,000 a month and you have P100,000 in savings, your wealth is approximately four months. Wealth is measured in time, not pesos. Ultimately, it’s not how much money you make that matters, but how much money you keep, and how long that money works for you. I’ve know many people who make a lot of money, but all of their money is expended. So, think about this, which quadrant(s) are you in?

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