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Are you struggling with debt and thinking of filing for bankruptcy? Well, the decision to make such a crucial step should not be taken lightly and both the benefits and the negatives of its consequences should be carefully taken into account. Weighting up the various alternatives is essential when attempting to save your business and to plan for minimal loss along the way. A curious notion to consider is that as long as you have good earnings and you keep good credit history within two years after the bankruptcy, you will be able to enjoy...

Owning a small business can make doing your taxes more difficult than if you worked for someone else. However, small business owners also have many more opportunities to write off their normal expenses. It is important to be familiar with the tax code before attempting to do your own taxes. Many small business owners are use to filing their own individual taxes and are likely to attempt to do their business taxes as well. Before filing your taxes, you should know a few things. Deductions There are many ways to get the most deductions...

If you or a family member has been involved in an accident, you will be well aware of structured settlements and the many benefits it brings. However, many find themselves in debt due to unexpected medical bills, long term unemployment and other misfortunes. It has subsequently become common to sell structured settlement payments, which can alleviate the financial burden. I have often been asked “how do I sell my structured settlement?”, and the answer is straightforward; look for a highly regarded company that will offer you the...

As a business owner or individual, there may be a time when you are looking to purchase, sell, go public or take on an investor in a business.  The first step to take with any of these ideas is to have the business valuated. In other words, determine the value of the business. It is not as simple as it sounds. The business valuation process can be finicky. How much the business is worth and to achieve fair market value must be done by a Certified Public Accountant to ensure both the seller, investor or purchaser is getting an honestexchange. In...

It’s the very last thing that most company managers want to see – a big, brown envelope with the return address of HMRC on the back. It can mean that you made a little mistake on your last return and it needs a quick review. You could have got your calculations wrong, it happens to the best of us. In fact, most of the time that’s the case – you’ve made a tiny little math error and your return has been sent back for correction. Unfortunately however, there could very well be a time when that big, brown envelope means something...

Having a thorough understanding of the accounting needs for your business is a vital step towards a successful and comprehensive business plan.  Accounting should very well be the highest priority for a business in terms of profitability and legality. For many, this is easier said than done. Today, CEOs need to wear many hats and company accountant can seem like the most daunting of tasks.  With a variety of audiences who require vital information about a business, what type of accounting follows suit with their needs? There are several...

We negotiate every single day of our lives, and as we grow older we have the chance to make a career out of this skill. When someone tries to negotiate a matter, the end result can have two main conclusions: accept reality and improve the skill, or don’t anything about it and agree to whatever deal. Expert negotiators are mentioning that we can all bargain to get something in our favor, yet very few are actually willing to do it. Negotiating is like an art, and if you don’t have the talent you can’t master it. Methodologies and...

Now more than ever before, a wide variety of financial resources are available to the general public, providing the basic information necessary to begin an investment portfolio. Many individuals that have become successful investors claim to be self-taught, learning how to be their own investment manager through tutorials available on the internet and by reading textbooks and manuals available at their local libraries. To many of us, this success sounds too good to be true, but more seasoned economic experts are not surprised by this...

After turning a small business into a success, it may seem like a proper reward would be to obtain a personal mortgage and buy a home. However, that small business, even as a success, could throw some hurdles in the way of reaching that goal. While recent regulations have increased the number of hoops everyone has to jump through to get a loan, lenders can be especially wary of approving small business owners for a personal mortgage loan. Fortunately, there are a few things those owners can do to make the process go more smoothly. Tips...

Money Management is a MUST during this trying/difficult economic times and every individual or business enterprise should always go for cost effective measures to manage cash position. A business owner or individual should spend their money on interest bearing things or items and should identify NEEDS and WANTS.  Spending beyond our earning or sales capacity and uptick in prices of goods, raw materials & gasoline could cause business bankruptcy or emotional stress. On a personal point of view, everyone should understand their buying...