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Five Benefits Of Paying The Bondsman’s Fee

Posted by on Jun 24, 2014 in Blog, Finance & Money | 0 comments

A bail bond helps you cover the cost of your bail so that you can leave jail until your trial date. Although the bond is returned to the bondsman by the court, you do not get a refund of the fees you paid. Is it really worth it? Should you even bother getting a bail bond? Yes, you should, and here’s five reasons why: 1. Financial Assistance If you don’t have the cash to post bail, and you get help from a bondsman, you pay a fee for this service just like you pay a fee for any other financial product. For example, you pay interest on mortgages, and you pay a fee on payday loans. The fee is well worth the financial assistance you are getting. 2. Ease of Use In some cases, the courts may accept a property title in lieu of cash. However, finding those documents and submitting them to the courts can be a difficult process. When you get a bail bond instead, you save yourself the hassle of dealing with alternative payment methods. 3. Personal Responsibility If you don’t post bail, you will have to stay in jail until your trial, and that can be hard on your children and the rest of your family. By working with a bondsman, you can return to your life and take care of your personal responsibilities. 4. Trial Preparation If you arrive at your trial looking clean and well rested, it will make a better first impression on the jury. You will also have the ability to meet with your lawyer outside of a jail to go over your legal strategy. Paying the bail bond fee buys you the time that you need for trial prep, and it gives you the chance to sleep in your own bed, rather than with one eye open in a jail cell. 5. Family Considerations If you work with a bondsman, you don’t have to turn to your family for help. This approach is financially less complicated, and it takes potential strain off your family relationships. Rather than asking your family to post bail for you, consider how much less complicated it would be to just pay a small fee and work with a professional Bail bonds require you to pay a small fee, but in exchange for that fee, you get a number of things that you need. For more details on how bonds can help you, contact America Bonding Co. or a similar company. These professionals will guide you through the entire...

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Need Money? Tips For Getting The Highest Price When Selling Gold

Posted by on Jun 18, 2014 in Blog, Finance & Money | 0 comments

If you need cash and have some old gold coins or jewelry items, you could sell them to get the money you need. You could take them to a business that offers cash for gold, or you could mail them to a company that buys gold. This problem is finding a company that will offer you a fair price for your gold. This is especially hard to do if you do not know much about gold, but here are some tips that may help you understand how much your gold items are worth. The Current Value Gold.com is a website that records the value of gold every day. It reflects the value in ounces, and you can see the value in many different currencies. During June, 2014, the value of gold was around $1,270 per ounce, but this does not mean that you can sell your gold for this amount. You should be able to get 90% to 95% of the value of the gold, according to Kiplinger. Companies that buy gold pay less than this because they must make a profit when they resell the gold. You should also realize that the price of gold fluctuates, and this too could affect the price you get for the gold you have. Gold Buyers vs. Pawn Shops While pawn shops love buying gold, they generally will not offer prices as high as gold buyers. This is because gold buyers understand the gold market more thoroughly. They know how to appraise items, and they know what to look for. You are likely to get more money for your gold if you sell it to a gold buyer. This could be a store that offers to buy gold, or it could be an online gold-buying business. How To Know What You Have As you look at your gold items, you may have no clue what features to look for, but the features of the gold have a direct correlation to its value. Here are some ways you can find out the type of gold you have: Get an appraisal from a jewelry store. You may have to pay to have this done, but it will help you get more for it. Weigh your gold. You can use a small kitchen scale to weigh your gold items, and this can tell you how many ounces you have. While your scale measures in standard ounces (28 grams per ounce), most gold buyers measure in Troy ounces (31.1 grams per ounce). Look for the purity – pure gold is equal to 24-karats, but most items are not pure. Real gold items generally have inscriptions on them, and this will tell you how many karats the gold is. Finally, ask about the prices offered on gold before you sell. Get a few different quotes before selling it to get the most cash for gold that you...

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4 Important Tax Write Offs For The Self-Employed

Posted by on Jun 6, 2014 in Blog, Finance & Money | 0 comments

Small businesses and the number of self-employed people continue to rise in the United States. According to statistics, some 52 percent of small business owners work from home. If you’re looking to quit your day job and branch out on your own, you need to understand the tax implications that come with the territory. Since you’re now responsible for more of your finances than ever, use these four tax write-offs to your advantage and keep them in mind as you operate your small business.  Tax Write Off For The Home Office Since the majority of self-employed people work from home, it is important to realize that you are able to receive a deduction when you file. The home office tax credit allows you to deduct portions of your rent or mortgage. This deduction is based on a ratio of your entire square footage and the square footage of the room or work area. This is the most common tax write off used by self-employed professionals.  Materials Used In The Course Of Business Now that you work for yourself, it’s important to keep receipts for everything that you purchase. Any item used in the course of your business can be written off, even if it is something as small as a box of paperclips. Some of the following materials are commonly written off: Computer software and hardware Printer ink and paper  Waste baskets and service Pencils and pens Light bulbs and fixtures You will be able to save a lot of money in this regard, as long as you keep accurate records.  ​Travel For Business If you travel by vehicle or air for your business, you’re able to write it off on your taxes. The current mileage reimbursement rate per mile is 56 cents. So if you drive 100 miles, you’ll receive a deduction of $56. However, you cannot write off both miles and cost of gas and maintenance, so you’ll need to choose one or the other when filing your taxes.  Additionally, any business-related flights can be completely deducted, so keep any receipts for airfare.  Utilities And Subscriptions When you use electricity, gas, internet, cable and other services in the course of your business, you’re able to write off the bill, or portions of it on your taxes. Make sure that you set aside a private line for your phone, so that you’re able to deduct the bill and furnish proof that it was used for business.  With these four tax write offs, you are empowering yourself as a business owner and lightening your load for when tax time arrives. For more tips, contact a tax preparation service like Timmer Accounting and Tax Service...

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Bond Jargon: Understanding Bond Terminology

Posted by on Jun 5, 2014 in Blog, Finance & Money | 0 comments

If you have an investment portfolio, you likely own bonds. However, just because you own bonds doesn’t necessarily mean you understand how they work. Many investors are often confused by bonds because they seem to have their own language. Bond investors and financial planning professionals use words like par, coupon, and yield. Those words can sound technical and complex. Bonds are actually very simple investments. They’re loans that you make to a company or organization. In return, the company pays you interest. You can either hold the bond until the end of its term and get your principal back or you can sell the bond in the open market. In those terms, a bond may not seem too confusing. However, start talking about the bond’s yield or credit rating and, all of a sudden, a simple investment suddenly feels very complex. Defining those terms can take the mystery out of bond investing and help you better understand just what is in your portfolio. Par. The bond’s par value is the amount that is returned to the bondholder at the end of the bond’s duration. Many bond’s have $1,000 par values, which means the bond holder gets back $1,000 when the bond is complete. Coupon rate. The bond’s coupon rate is the interest paid stated as a percentage of the par value. For example, assume a bond has a $1,000 par value and pays $50 in interest every year. You would then say that the bond has a five percent coupon because $50 is five percent of $1,000. Price. This is the price that the bond would sell for on the open market. Bonds are traded on a market just like stocks. Their price can fluctuate as demand increases and decreases. For example, a bond with an attractive coupon may sell for much higher than its $1,000 par value because investors want the high coupon payment. Similarly, if there’s little demand for the bond, it could sell for less than its par value. Yield. Again, this is the interest that the bond pays. However, this time it’s stated as a percentage of the price rather than a percentage of the par value. It’s a quick way to know what kind of return you’ll get if you buy a bond. For example, if a bond pays $50 every year in interest and is selling for $1,100, it has a yield of 4.545 percent. If that same bond was selling for $900, it would have a yield of 5.55 percent. Bonds don’t have to be confusing and they should be a part of your portfolio. You can learn more about the bonds in your portfolio by sitting down for a consultation with an investment advisory service like Tegeler Advisory. A financial services professional can help you understand your bond holdings and make suggestions on whether your should make any...

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Credit And Mortgages: How To Increase Your FICO Scores To Qualify For A Jumbo Loan

Posted by on Jun 3, 2014 in Blog, Finance & Money | 0 comments

As the price of homes on the market continues to skyrocket, home buyers are finding it hard to qualify for a jumbo loan from a place like Norwood Bank. Your mortgage lender will place heavy emphasis on your FICO scores before signing off on a loan. Most lenders require a score of 700 before you can get approved for a jumbo loan. Read on to learn how to increase your scores from Transunion, Experian, and Equifax as much as possible to save on interest when you finally close on your loan.  1. Pay off your credit card balances as much as possible. About 30 percent of your FICO scores are calculated based on how much debt you are in. Pay your balances down to under 10 percent of your credit limit on each individual credit card. Don’t worry about installment loans; those balances won’t affect your utilization like credit card balances do.  2. Attack the negative entries on all three credit reports. These negative entries could be late payments or collection accounts that are bringing down your scores.  If you have late payments on any credit account, contact the creditor through a letter and ask for a goodwill deletion. Essentially, you will ask them to delete the negative entry as a one-time courtesy. Many lenders are receptive to such letters and will delete them for you. In addition, contact any collection agencies on your credit report and ask for a PFD (Pay for Delete) on any accounts that you have neglected to pay. Your creditor will get the money and you will get the negative entry off your credit report.  3. Become an authorized user on a credit card. FICO 04 scores, which are used to qualify home buyers for mortgages,  weigh authorized user accounts generously as long as the cards are old and have no late payments on record. Ask a friend or family member to add you onto such a card so that you can gain the positive history on your credit reports. Remember, not all banks report authorized user accounts to the credit bureaus. Ask the bank before signing up to make sure that they do.  4. Don’t apply for any more credit. Mortgage lenders don’t like customers opening new accounts within six months of applying for a mortgage. In addition, the act of applying for credit will ding your score. Credit inquiries on your reports can cost you several points based on your unique credit profile. Avoid credit card or loan applications.  Conclusion Increasing your FICO scores for your jumbo loan will take some patience and persistence. Talk to your mortgage lender for more tips and for information about other underwriting...

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Business Tax Preparation in Winter Haven, FL

Posted by on Jun 3, 2014 in Blog, Finance & Money | 0 comments

Accurate, business tax preparation is a critical part of your business plan. Business tax preparation winter haven fl involves a number of complex and challenging tasks such as a knowledge of tax deductions and credits, income and expense record keeping, general tax for employees and contractors, project and planning for quarterly year end taxes, and of course, the ever-changing tax laws. Business Tax Preparation Services Business tax professionals, like Wiggins, Smit, Burby, Reineke, & Company P.A., prepare federal, state, and international tax returns for corporations, partnerships, sole proprietorship, and LLCs. They are highly trained in all areas of business tax preparation including advice on starting a business, unique tax requirements associated with running a business, book keeping and record keeping review, payroll and sales forms filing, sales and tax filing, quarterly tax estimates and payments, and they keep abreast on the latest tax law changes to assist your business with year round tax planning, tax preparation, and tax compliance. Gather Necessary Information Business tax preparation can be a stressful situation, if you don’t have all the necessary documents at hand. Gathering important information before you begin, will help ease frustration and make preparing your taxes easier. Here is a list of documents you will need: Accounting Records Your income and expense records are the basis of your income tax. Be sure to include income and expense records as well as balance sheet information. Depreciation Schedules You will need to write out a description of the asset, the date you put it into service, what the original cost of the item was, the accrued depreciation up to this tax period, the business use of the asset, the recovery period of the asset, and any expenses taken on the asset in the first year. Bank Statements Your bank statements are your snapshot into your expense activity for the year, especially if you don’t have organized records. Detail of Asset Purchases Primary assets purchased for the business must be written off using a series of depreciation deductions over a span of years. Documents should include the original cost of the item, the sales tax paid on the item, a written description of the item, the date the item was put into service, and the amount of time the asset was actually used for business versus personal use. Detail of Asset Dispositions For each depreciable asset sold during the year, you will need a description of the asset, date of sale, sales price of the asset, any expenses of the sale, and accumulated depreciation. Credit Card Statements Your credit card statements can be used to track day-to-day expenses such as gas, meals, supplies, parking, equipment, and other items. Payroll Reports Your federal and state payroll taxes will help ensure that you have the right pay roll and pay roll tax expenses in your accounting records. Vehicle Information You must keep a record of any business vehicles that are used by employees or partners for business use. Business tax preparation professionals helps business owners minimize their tax liabilities and minimize costly tax audits and...

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5 Ways You Can Accidentally Damage Your Coin Collection

Posted by on May 30, 2014 in Blog, Finance & Money | 0 comments

Are you concerned about potentially damaging your coin collection? Some rare coins can be incredibly valuable, and you never want to find yourself with a damaged investment. Here are a few of the most common ways that coin collectors may accidentally damage their coins while trying to preserve or improve them.  1. Polishing Your Coins You should never clean or polish the coins in your collection. Even a light attempt at polishing could remove patina, which can be valuable on older coins. You could even damage the surface of the coin; many older coins are made out of relatively soft materials. If you have or have found coins that are dirty, go to a professional to have them cleaned. 2. Storing Your Coins in Paper Some types of paper are highly acidic, which will lead to damage on the coin’s surface over time. Don’t store your coins in any paper or cardboard that is not specifically marked as acid-free. Even if you do have acid-free paper or cardboard, it still isn’t the ideal way to store coins because the coins will shift inside of the paper and be subjected to wear over time. 3. Touching Your Coins Without Gloves Even your skin can be acidic and damaging to a coin. You should always wear gloves before going through your coin collection. Not only is this safer for the coin, but it’s also safer for you; you don’t always know where the coins you’re touching have been, especially if you’re going through a new find. 4. Placing Your Coins in PVC Plastic PVC plastic is not safe for coins; it has acids in it just as paper does. You need to store your coins in a neutral material that is neither too acidic nor too basic, as the coins could degrade over time. Make sure that the plastic that you do store your coins in is designed expressly for coin storage. 5. Taking Your Coins Out of Their Holders If you’ve received a coin set, such as a commemorative set, you should make sure that you leave them in the holders. Leaving your coin set in the holders shows that it is the entire original set; this adds value even if the holder itself may not be the most attractive backing for the coin collection. Coin collecting can be an extremely enjoyable and relaxing hobby, but you also need to be extremely careful. Many coins need to be in mint or near mint condition to be valuable. When in doubt, don’t touch the coin at all and consult an...

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Nothing to Lose From Ontario CA Pawn Shops

Posted by on May 28, 2014 in Blog, Finance & Money | 0 comments

When times are tough and money scarce, local pawnshops would like to be everyone’s light at the end of the tunnel. There are many pawnbrokers with a solid reputation in the community. In fact, a customer might be surprised by how many people they know who have come to a shop when they needed a little quick cash. It may not be a new California gold rush, but at the shops many people are discovering quick cash and unbelievable bargains that they couldn’t get anywhere else. Whether a customer is an aspiring musician needing a new guitar or a Silicon Valley programmer seeking affordable computer gadgets, a local CA pawn shop may be the best place for a customer. Why sit around with unused baubles and trinkets taking up space? It’s good to go to a pawn shop and let the shop turn that clutter into cash! If a customer has valuable items and needs a loan, the pawnshops want to make a deal that works for the customer. Call or come on down to pretty much any shop and experience the friendly atmosphere and excellent deals. Many of the establishments are open every day of the week for everyone’s convenience. Want a better idea of what the pawnshops do? If so, the pawnshop is definitely the right place. The pawnshops offer expert pawnbroker services to the entire local community. So whether a customer has some old guitars they want to get rid of or a customer just received a few valuable pieces through an inheritance and need a quick loan, they should definitely come to the local pawnshops. The pawnshops buy and sell jewelry and a variety of other items. Pawnshops offer fast, friendly and secure loans on valuables. The pawnshops guarantee to give a customer top dollar for their items. The pawnshops possess the knowledge and experience to provide a customer with the highest quality service. Many shops includes a wide variety of products and services, including large selections of loose and mounted diamonds in the area. Pawnshops also carry a large selection of new and the previously owned firearms and accessories. The benefits must seem very obvious, now. There’s nothing to lose and everything to gain from visiting a pawn shop. The only way to find out how truly awesome these businesses are is to hurry up and try them out. One pawn shop you can talk to is A J’S Super Pawn...

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Business Tips In Difficult Times

Posted by on May 27, 2014 in Blog, Finance & Money | 0 comments

In troubled economic times, business leaders need to learn new strategies and improve existing ones. They cannot allow themselves to get too comfortable, even if their businesses appear to be stable. The financial prospects of businesses can shift rapidly during troubled financial times, such as the modern Great Recession. Here are a few tips for business owners during difficult economic times. Working With the Right People A business is only as strong as its employees are, and the success of a business may be determined by the actions of only a few employees. In troubled economic times, businesses need to be careful about who they hire and how they maintain their staff members. Employees who are not pulling their weight may need to be let go, as difficult as it is. In difficult economic times, the labor supply tends to be large. Businesses should be able to find employees that are willing to perform well for the sake of keeping their jobs. They need not rely on unproductive labor. High-ranking employees can cause the most problems. If many employees seem to be having problems, it may not be their fault. The manager that hired them in the first place may be at fault, and may be the weak link. The supervisor that’s assigning projects and deadlines may also be the problem. Business owners need to thoroughly investigate their staff members to identify the issue. Unpaid interns may not be the bargain they appear to be at first. Some small businesses try to coast on unpaid labor from recent college graduates as a means of getting ahead financially. In the process, they may end up spending too much time training their new employees and not enough time getting results. Unpaid workers are typically not as productive as paid employees are, especially if they are recent graduates. They will usually be holding additional day jobs, which they will take more seriously than their unpaid internships. They are also temporary employees. The switching costs of going from one employee to another can slow down businesses. Many of the businesses that pull through during the worst economic times have great staff members. People that are willing to put in extra hours to keep their jobs and have the necessary expertise can help a company maintain its financial stability. Consider Financial Alternatives There are situations in which businesses need a certain amount of money quickly and a bank loan is not an option. If those businesses are experiencing a temporary financial gap that will be resolved quickly, they may need to consider other financial options. Business credit cards Home Equity Line of Credit Business cash advance Revenue-Based Financing Businesses, especially small businesses, can sink because of temporary cash-flow problems. Businesses need to be prepared to do what’s necessary to maintain a revenue stream. Large, overarching decisions about cash flow and hiring practices can cause a business to rise or fall. Businesses should be willing to make difficult decisions to stay profitable, which can include firing troublesome employees and seeking alternative financial options. Their ability to correctly size up the situation is their greatest...

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Finding A Commodities And Futures Broker In Chicago

Posted by on May 22, 2014 in Blog, Finance & Money | 0 comments

Finding A Commodities And Futures Broker In Chicago sjbfuturesllc.com

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