Saturday, June 30, 2012

Bad Credit Home Loans From Wells Fargo

Wells Fargo is one of the premiere home mortgage companies in the United States and considers itself a specialist in offering solutions to every kind of home loan situation. Indeed, it has plans for home buyers who need a bad credit home loan. If you count sixteen houses on a suburban block, at least one of them will have been financed by Wells Fargo.

Wells Fargo Range of Operations

It offers a variety of financial instruments to its clients including, some with rather esoteric names: The Jumbo Mortgage. The Reverse Mortgage. The Adjustable Rate Mortgage. It is the most visible lender financing newly constructed houses in the U.S. It will even go out of its way to structure a home loan program suited directly to the individual home buyer. If you are an employee of a Fortune 100 company, chances are your relocation (and your new housing) with your company was handled by a Wells Fargo representative.

Wells Fargo Home Loan Services

Wells Fargo has earned its reputation by providing some of the best financial instruments for its clientele, especially in the mortgage markets. Its services are fast and reliable, they are solutions oriented, and the application process is free of bureaucratic dead ends that slows down other mortgage servicers. Some of its competitively priced home loan products include:

New Construction F
Home Equity Loans
First Time Buyers Program
Timed Withdrawals (Cued to Repayment Cycles)

Wells Fargo Bad Credit Home Loan Services

Wells Fargo is aware that these troubled times have caused more than a few folks to take some hits on their credit histories. If a consumer with poor credit was to shop around, he or she would find that Wells Fargo has the most opportunities to offer such borrowers. And the consumer would also find that the prices or the interest rates on their products are competitively, and often lower, priced than other bad credit home loan mortgage servicers. Among its many programs you will find:

Closing Guarantees

Wells Fargo organizes closing guarantee loan plans that go far in easing uncertainties in the purchase of housing real estate for borrowers with poor credit histories.

Credit Counseling

Credit management programs are conducted for customers with a not so impressive credit history to help them boost their scores and thereby get a better home loan deal.

Loan Counseling

A great service for first time home buyers, Wells Fargo functions with a commitment to provide responsible servicing to customers by offering a step by step guidance through loan processing. This could be called hand-holding, but it is a definite plus for first time buyers who also have poor credit.

Wells Fargo Expands

To expand its base and thereby increase the services and benefits offered to its clientele, Wells Fargo bought a leading mortgage giant, Wachovia Corporation. The deal was approved by the federal government and was signed during the second week of October 2008. With this merger, Wells Fargo emerges as one of the leading top mortgage companies with the best customer services and policies, and a commitment to offer the best bad credit mortgage solutions to meet the rising and increasingly complex financial requirements of its customers.

Friday, June 29, 2012

Art Teacher Cover Letter Example

Take a look at the art teacher cover letter example provided here for your reference, along with some tips on writing one effectively.

An art teacher is someone who not only has the ability to create varied forms of art, but someone who possesses the ability to impart wisdom to others on creating it too. An art teacher has to be very giving, as teaching someone to become as good as her/himself is something that requires a big heart. You, as an art teacher are required to possess these skills and list them on your cover letter too, if you are someone who is seeking a better, more challenging job. Your level of experience with various age groups and your skill in teaching are valuable assets that should be clearly stated in a cover letter to your potential employer. This is what a job such as that of an art teacher demands, honesty and a pure passion to learn and teach. Here, we provide you with a cover letter example for an art teacher, that you can refer to, to write an effective cover letter yourself.

How to Write a Cover Letter as an Art Teacher

While writing any cover letter, always remember that you are attaching a resume that speaks of your qualifications. As such, these don't need to be repeated in the cover letter. To write a good cover letter, keep the following tips in mind:
1. In the first paragraph, mention how you got to know of the job opening. It could be through an advertisement or through a reference. Mention the name of the source in either case.
2. In the second paragraph, mention your method of teaching and your experience interacting with different age groups. Mention what you are best at, but also mention your other capabilities.
3. In the final paragraph, confidently state that you fit perfectly into the requirements of the job and seek a meeting with the person in charge.
4. Use persuasive language throughout. Read and reread the letter to see if you would be convinced enough to hire yourself for the position.
With these basics in mind, here's the sample you can refer to.
Sample Cover Letter for an Art Teacher
Your Name
Address Contact Number: 0000-0000 E-Mail Address
________________________________________

Date

Contact Name (Name of Hiring Manager)
Contact Designation
School Name
School Address
School City, State, Zip

Sub: Application for the Position of Art Teacher

Dear Ms./Mr. Last Name,

I have been made aware of a job opening for an art teacher at your esteemed school by Ms. Stone, who works at your school as a History teacher. I am writing to you to apply for this position.

I am a certified art teacher with 7 years of work experience instructing students of all ages in the field of art. Though I have a special interest in pottery, I am capable of teaching various types of art such as watercolor painting, oil painting, and charcoal sketching. I also have experience in teaching photography to high school students. My method of instruction is simple. I only teach technique to students; I never tell them what they should create. Art is highly subjective and a figment of one's imagination, which I believe should not be deterred by instruction. I try my best not to deter students from taking up art projects at any level, even if they are only beginners. It is only through trial that a person understands her/his capabilities. The freedom to create is what forms the basis of my instruction in the vast and beautiful field of art.

I presume that these skills are what you are looking for in an art teacher. As such, I have attached my resume for your perusal. I would also like to arrange a meeting with you on May 23, 2011, should you find it convenient. I will call you to confirm this on May 20, 2011. Alternately, you may contact me on the aforementioned number or email ID to discuss this wonderful job opportunity further.

Thank you for your time and consideration.

Sincerely,

Signature

Name

Encl: Resume

As you can see, this cover letter is brief and to the point. It explicitly states the teacher's capacity to teach in a different and unique manner. These are points that cannot be mentioned in your resume. As such, you must use your cover letter to its fullest potential to get yourself that job. Good luck!

Wednesday, June 27, 2012

Learn How To Make

We asked George Singh whether he has been involved with any companies that have been tarnished as a scam to which he responded with some of his anwers.

He has never been involved in any scams himself though understood how certain scams and schemes operated having come from a sales background as in the field of sales and making money there were very few rules but never breaking the law he stated.

He does not get involved in any scams however understands how some scams and schemes are operated as most people are aware and with a sales background he understands most are operated with selling products and services to consumers.

It has been reported that George Singh made over 17 million pounds with a direct sales company that he was involved with in the last decade, the company had originated from North America which expanded into the UK and Europe.

George Singh stated that he learnt a lot of selling and marketing systems and processes from the Canadians and Americans as they enjoy it much more over there and many more people are involved in sales in the USA and Canada.

He shared some of his experiences with us explaining that everyone sells.We start selling when we are children to our parents for when we wanted a bicycle, a new football or take that school trip and we naturally sell ourselves when we are older and go into relationships and people still refuse to admit they are sales people. He also stated that on the other hand we are all buyers just as we are all sellers, which when we sell we also buy without realising and when we buy we also sell, again without realising our actions. We did not quite understand his philosophy at this point.

George Singh advises and works with clients that want to enter new markets, expand or grow their sales and business. Having gained further knowledge of business consulting and being a business growth consultant he said it all begins with more sales to existing and new customers.
George Singh works closely with a network of consultants and associates throughout the UK and worldwide to help entrepreneurs, business owners and companies to outsell and outgrow their competitors by offering support to sales and marketing, finance for funding, start up or investment capital, management and human resources.

George Singh believes that sales and marketing are the only two areas that grows a business. All businesses should have a well planned marketing strategy, an excellent sales process and with everyone highly trained so they are competent and confident. If you are struggling in business, marketing, sales or financially no cash flow then you must get immediate help to put some of these systems in your business so it can start to grow.

Monday, June 25, 2012

How To Hire The Right Real Estate Appraisal Management Company?

Real estate being a complex business and real estate appraisal a complicated one, for a lender, choosing the right appraisal company has always been a difficult task. Real estate appraisal is an area where compliance with all the rules and relevant Acts, transparency of the process, and quality and professionalism of the services are of utmost importance. Besides, this is an ever-changing industry with new needs, new trends, and new rules and regulations coming in with every twist and turn of the market. This warrants the need for extreme care by lenders and mortgage specialists while choosing their real estate appraisal management service providers. Lenders need to consider a range of features right from ease of ordering services to expertise in ensuring compliance with all federal, state and local regulations and guidelines.

A simple way to make sure that your prospective appraisal management company are experts in their business is by enquiring about the number of years of experience they have in the business as well as by checking out their portfolio of clients and their standing and reputation in the industry.

Before appointing any appraisal management company, the lender has to make sure they have the appropriate licenses, insurance, etc. It would be good to check if the appraisers have the right qualifications and experience in the types of property that the lender needs appraised. Most appraisal companies will claim to have a nationwide coverage. However, this will have to be confirmed at the outset, especially if the lenders have large volumes of business across various states.

The appraisal company should have all the state registrations in place. It should also be confirmed that the company ensures all the statutory compliances such as those relating to Home Valuation Code of Conduct (HVCC), Real Estate Settlement Procedures Act (RESPA), the U. S. Housing and Urban Development (HUD), Federal Housing Administration (FHA) and the Consumer Protection Act.

The availability of the appraisers and their easy accessibility is of great importance. This would ease the process for the lenders, as their concerns and issues can be handled and solved efficiently and in a timely fashion. A user-friendly ordering system with availability of the appraisers or their staff online round the clock makes ordering simple and convenient. In addition to being available and accessible any time, the appraisers should also have a thorough system for updates along with regular follow-up, which would add to the efficiency of the process. In addition to the quality, accuracy and timeliness of submitting reports, the appraisers should also be flexible to provide customized services that cater to customer-specific requirements and revisions. The right appraisal company should be able to work in tandem with the lender's team.

To conclude with a word of caution, lenders should check themselves from being tempted to employ the company that charges the lowest, which could turn out to be an expensive mistake after all. It should also be understood that it is not the large size of an appraisal company that makes it trustworthy, but its adherence to the best practices of the real estate industry.

Saturday, June 23, 2012

Dealing With the Stigma of Debt and Bankruptcy

A hundred years ago, people's feelings about debt were dramatically different than they are now. Most credit instruments that people now use to carry debt did not exist yet, and most people thought going into debt was irresponsible and immoral. The man for whom the J.C. Penney department store chain is named so despised debt that he was nicknamed "cash".

Once big business figured out that they could tilt the balance in their favour if they protected themselves against unreliable borrowers, they began to massage attitudes about debt towards acceptance. Instead of being thought of as a lazy alternative to saving, financing was promoted as the convenient option for consumers. Since then, a range of borrowing instruments and products have been introduced to the marketplace, hyped for their promise to let you sow before you reap, but if you buy into the hype without thinking about the long-term cost involved, the end of your credit journey will be at the office of a bankruptcy trustee, forfeiting your credit privileges for years under a bankruptcy or consumer proposal agreement.

Nowadays, the stigma around debt has faded, and to borrow against your future income isn't wholly dismissed as immoral or unethical. It is considered wise for young adults to build up a solid credit history by using credit cards in a responsible manner. This makes someone a better credit risk when it comes time to borrow to make a major investment like a house, car, or an education, things that very few people can purchase without financing.

Carrying credit card debt is now so common that stigma doesn't seem to be curtailing it. In the United States, the average debtload of households who carry debt is in excess of ,000. But there still seems to be enough of a stigma around debt that people don't like to admit incurring large amounts of it. Sadly, that also makes it difficult for people to admit that they require professional help to relieve their debt burden.

Those who struggle with excessive debt are prone to a series of difficulties. It is stressful to constantly worry about money, and there are higher rates of depression among people with money problems. Financial problems are cited as the most common underlying issue in divorces, as the conflicts over money problems damage relationships. The downward slide could invite further problems like drug use and a life of crime.

In order to start solving your problems, you have to admit you have them. That's a hard thing to do. But you need to be humble and realize that your behaviour was not sustainable. You can avoid needing the services of bankruptcy trustee if you commit to changing your ways.

There is still stigma around filing for bankruptcy. In addition to the financial penalties of bankruptcy, people may find that others look down upon them when their financial woes are exposed. A person who never had difficulties with their finances might consider bankruptcy a form of failure and a sign of weakness, but for many people, no matter who is at fault, bankruptcy is the best way to go.

Acknowledging your money problems can lead to eventually eliminating them. You might find that you're not alone, and that others may just be spending freely to keep up the image of financial security. You might find yourself on the receiving end of sympathy and understanding. And if they don't, then they're not worth sharing personal information with.

Rely on the bankruptcy trustee Guelph dedicated to helping individuals relieve the burden of debt. Find the solution that meets your needs.

Rely on the bankruptcy trustee Guelph dedicated to helping individuals relieve the burden of debt. Find the solution that meets your needs.

Friday, June 22, 2012

Fundamental Analysis And The Five Main Ratios

Fundamental Analysis and the five main ratios

Fundamental analysis also known as quantitative' analysis involves the detailed analysis of financial statements to assess how a company may perform in the future. Fundamental analysis is not qualitative analysis, i.e., it does take account of the intangible and hence hard-to-measure aspects of a company's operations such as the value of its goodwill, the value of any brands it may own and other intangibles. Neither does fundamental analysis encompass technical analysis where decisions to trade are based solely on a share's price and volume movements. Fundamental analysis uses real, hard data to ascertain a share's real (intrinsic) worth by examining revenues, earnings, future growth, return on equity, profit margins and other data. When positive' anomalies are found i.e. a company's share appears undervalued, then the investor may consider buying in.

Investors who depend solely on fundamental analysis (Value Investors) will normally use at least five key ratios to decide whether a share represents good value or not. For these ratios to be meaningful, the comparisons should be between i) similar entities in similar sectors or industries and ii) well established businesses as distinct to start ups, or businesses in other special circumstances.

Price-to-Earnings Ratio (P/E)
One of the best-known and most valuable of the five key ratios. P/E compares a company's current share price with its past (trailing P/E) or potential earnings (forward P/E) per share. If, for example, a company's share price is currently 10 a share and the earnings over the last 12 months (a trailing P/E) were 0.50p a share, then the P/E ratio would be a value of 20 (10 divided by 0.50p). Assuming the financial performance of two companies is almost identical, then the company with the lowest P/E ratio costs less per share for the same financial outcome than the one with the higher P/E.

Price-to-Book Ratio (P/B)
The P/B indicates the amount investors are willing to pay for a share of the company's tangible assets, which by definition excludes intangible assets such as goodwill. The investor must first know the book value of all the company's fixed and current assets minus its current and long-term liabilities values which can be obtained from the balance sheet. The ratio is calculated by dividing the total value of the assets by the total number of issued shares. If the resultant ratio is less than 1, it would mean that shares can be bought in that company for less than the book value of its assets.

Debt-to-Equity Ratio (D/E)
The D/E ratio also known as Gearing' indicates what proportion of shareholders' funds (and some other types of debt such as loans or bonds) are being used to finance the assets of the business. It can also indicate how much money a company can safely afford to borrow over the long term. To determine the D/E ratio, the company's total long term debt is divided by shareholders equity. If a company has total debts of 1,000,000 and shareholder's equity of 4,000,000 then the debt/equity ratio would be 0.25 (1,000,000 divided by 4,000,000). Where the ratio is higher than 100 the majority of the company's assets are financed through debt: if the ratio is less than 100, then the assets are financed mainly through equity.

Free Cash Flow (FCF)
Free cash flow measures how much money a company has left over after paying its overheads and taxes, making any capital investments and covering its working capital requirements. Knowing the FCF is particularly important to shareholders as it shows the amount of money that's available for dividend payments. FCF also enables the business to buy back shares, reduce or eliminate debt and invest in plant and equipment. The ratio is calculated by subtracting non-discretionary costs such as capital expenditure from the company's operating cash flow and then dividing that figure by the company's market capitalisation and total debt. Strong companies usually show positive free cash flow and the higher the FCF ratio, the better.

The price to earnings growth ratio (PEG)
This is an extended version of the P/E ratio as it takes earnings growth into account. PEG compares a company's P/E ratio to its earnings growth rate to determine whether the shares are undervalued or overvalued. The ratio is calculated by dividing a share's P/E ratio by its projected year-over-year earnings growth rate. So if for example the company's earnings per share the previous year were 15p and projected earnings per share this year are 18p that represents an earnings growth rate of 20%. On that basis if the company's P/E ratio were 30 then the PEG would be 1.5 i.e. 30/20 suggesting that the shares may be overvalued by as much as 50%. Conversely, and as a rule of thumb only, a PEG of less than 1.might suggest the shares are cheap. Generally speaking, the lower the PEG, the better the value, because each module of earnings growth costs the investor less.

Tuesday, June 19, 2012

4 Top Home Design Trends for 2012 Including Small House Plans and Family House Plans

America's economic slump has had a significant influence on home designs. Before the Great Recession hit, lavish "McMansions" were popular. In contrast, many of today's homebuyers are looking for small house plans that can help them minimize heating costs as well as their mortgage payments. Flexibility is another "must have" in family house plans. With new appreciation for economic unpredictability, many Americans have abandoned the idea of upgrading to larger homes as their families grow. Instead, multigenerational house plans are gaining in popularity, since these flexible family house plans can easily sustain a new baby, a returning graduate, or an aging parent.

Another reason why multigenerational house plans are trendy at the moment is that Americans' life expectancy is longer than ever. Hoping to live comfortably in their own homes as long as possible (rather than being hauled off into a nursing home), many homebuyers are thinking ahead and looking for family house plans that are designed for people of all ages and physical abilities.

Here are a few more top home design trends for 2012.

1. Bigger garages - but not for cars.

Designers of family house plans are favoring larger garages, but not for the reason you might expect. Rather than storing an extra set of wheels, Americans are using these larger garages as "flex space," for storage or living space, as needed. For instance, while one family may choose to store clutter in the extra garage space, another may transform an extra garage bay into a "man cave" den, where Dad and his buddies can hang out. Ultimately, additional space in the garage is appealing to modern buyers because it can quickly be shifted to alternative purposes if needed.

2. Accessibility for all Age Groups.

A new survey conducted by the American Institute of Architects found that almost half of American architects rank accessibility as a growing preference among homeowners. Multigenerational house plans designed for age-in-place comfort often feature attributes such as:

-No-twist faucet handles, to avoid arthritic pain. These faucets are activated through a lifting action that completely avoids the wrist pain that is so common among older Americans.

-Minimizing stairs. Because stairs can be difficult or even impossible for seniors to navigate, many multigenerational house plans are designed on a single level.

-Bars to provide stability in slippery spaces, such as bathrooms.

Because such features are appealing to a broad swath of homeowners, family house plans that feature universal design often maintain a high property value over time.

3. Multiple Master Suites.

Small house plans don't have to feel cramped. Architects are creating multiple family arrangements within in the same home to provide a comfortable living arrangement for different generations of residents. For instance, rather than having all living spaces connected, a separate bathroom/bedroom/kitchenette suite in the back of a home can be accessed through a separate entrance. This preserves family members' privacy.

4. "Command Centers" within other rooms.

Back in the nineties, family house plans often included a distinct office area. Today, in contrast, the popularity of small house plans inspire such work zones to be located within other rooms. As an example, a designer may feature a kitchen nook with a desk, bookcase, and paper storage area for bills. That way, Dad can keep an eye on dinner while doing the family finances.

Saturday, June 16, 2012

Eight Great Ideas To Make Baby's 1st Christmas Memorable

To make baby's first Christmas truly memorable, you can delight your little one with a musical snow globe, give a Christmas tree decoration, create your own gift set, make a personalized Christmas stocking, consider hand or foot printing, personalize a Christmas plate, buy a figurine watch, and think about giving an angel pendant.

Christmas is even more exciting when you have a new baby in the family with whom to share the season. The memories spent on this day will always be special and memorable, especially with gifts that will always be remembered and kept. Here are some wonderful commemorative gifts ideas, both ready-made and personalized baby gifts that you can give for baby's first Christmas.

A musical snow globe is a great gift

Musical snow globes are pleasing to baby's senses. Babies find them attractive and are soothed by the music. Specialty shops carry many snow globes with a Christmas theme. It is also a good idea to write what year your baby received their snow globe on the underside, along with his or her name.

One thoughtful gift for a new baby would be a personalized Christmas tree ornament

The baby's very first Christmas ornament will become more precious with each passing year as it is hung on the Christmas tree by the child, and then the adult, who once received it so long ago. There are lots of Christmas tree ornaments you can choose from for baby's first Christmas celebration. Perhaps you'd be interested in ordering a personalized tree bauble with a miniature Santa or angel inside it, or maybe a Christmas ribbon-bedecked baby rattle. You can also hang a snug little pair of booties all complete with the baby dedication from you and the year of the Christmas celebration.

Put together a gift set that you design yourself

Creating your own unique and special set of firsts is yet another creative gift for baby's first Christmas. Gift sets can be created by combining a number of commemorative photo frames, plush toys and other Christmas themed items. Wrap it in a basket and bring out the creativity in you to make your gift more special.

A personalized Christmas stocking is another great idea

Most children end up with a Christmas stocking and getting one early in your child's life that will last is a great idea. If you are a talented seamstress, you could make and personalize a baby stocking, and if not, there are plenty of personalized "baby's first Christmas" stockings out there for sale. Make the stocking cute by adding bells, ribbons, or other ornamental fixtures, but don't make it too chaotic looking by adding too much.

Either a hand or a foot print is another option to think about

An imprint of the new baby's hand or foot would be a creative personalized gift. Using a baby's hand or foot, you can make a shirt or a framed print with ink or make a clay cast.

Customize a plate with a Holiday-themed design

A Christmas plate is also a great commemorative gift for baby's first Christmas. Many stores specialize in items for you to customize with your choice of pattern and inscription. Try putting this plate on the top shelf of your dining or reception areas.

Purchase a figurine watch for the new baby

One other wonderful holiday or Christmastime gift to mark an infant's first Christmas is a watch including a figurine. You may choose from a variety of styles and designs, anywhere from the elegant, classic angel, to the more fun and whimsical snowmen, Santas and reindeer.

Think about giving an angel pendant

At last, a beautiful and truly memorable present you may give for baby's first Christmas is an angel gift with a chain. The pendant is something your baby can use every Christmas until she becomes a grown up. If well cared for, the pendant may be passed on from generation to generation.

There are in fact a number of different gifts you can give an infant to help commemorate his or her first Christmas, including personalized apparel like socks, bodysuits and shirts, or more fun things like music box Christmas CDs, Christmas baby books, personalized Christmas blankets or even Christmas-oriented stuffed animals.

DIY Accounting Spreadsheets Accounting Questions And Answers

Why is the monthly profit and loss account not updating from the sales and purchases entered.

Updating the profit and loss account in the financial accounts file is automated. If the financial accounts file is not updating automatically the links from the sales accounting spreadsheet and or the purchase accounting spreadsheet are not working. This may be because the file names have been changed which breaks the links between the files.

The most common reason is the way the files were originally saved when initially downloaded from the website by opening the files first before saving them. When a excel workbook is opened before being downloaded the computer stores the workbook in a temporary internet folder and changes the links to temporary links within that temporary folder.

Saving a file still in a temporray internet folder saves the temporary links rather than the original links. Temporary links creaqted in a temporary internet folder are not recognised by the other accounting files that have the original lionk structure. The recommended action is to replace the existing files by overwriting the accounting files without opening them first to preserve the original links. Accounting entries on sales and purchases appear on the profit and loss account but do not appear on the list of expenses on the self employed tax return.

The self employed tax return required to be completed in the UK is dependent upon the sales turnover. Small business with total sales turnover exceeding £64,000 for the 2007-08 financial year complete the full self employed tax return while self employed business whose gross income is less than £64,000 complete the short self employed tax return.. Coincidentally the threshold is the same as the vat threshold.

If sales turnover is less than £30,000 then only the expense total is required and not the individual expense items. The excel formulae within the financial accounts file automatically fill in the short or full tax return and only fill in the detailed expense classifications if required to do so.

Does the package produce my quarterly vat returns when a vat flat rate scheme is being operated.

The user guide contains notes on how to enter the value added tax flat rate percentage on the sales bookkeeping spreadsheet. The bookkeeping single entry of the flat rate vat percentage on the sales sheet updates throughout the package including the subsequent months on the sales sheet and also each month on the purchases bookkeeping spreadsheet automatically calculating value added tax at the flat rate percentage and expenses value added tax paid on purchases at the zero vat rate producing a quarterly vat return. Does the self employed accounting software package produce a balance sheet.

Balance sheets are optional requirements for self employed self employed business. The self employed package is based upon single entry bookkeeping and does not produce a balance sheet which requires double entry bookkeeping while the limited company package does produce a balance sheet as it is a legal requirement for a limited liability company.

As the self employed accounting software includes sales and purchase spreadsheets and also cash and bank spreadsheets it is possible to manually produce a balance sheet if required but the accounting software does not produce it automatically. Do I purchase new accounting software each year or can the accounting software be updated and be used for a second set of accounts.

As the accounting software and payroll packages include the current financial year tax rules that enable the financial packages to automate the production of that years tax returns then each year has new tax rules embedded and being on excel rather than an accounting database then it is necessary to purchase a new accounting or payroll package each year.

Thursday, June 14, 2012

Offshore & Hedge Funds

The term "offshore fund" refers to the funds run outside the UK, usually in low tax areas. These include the Channel Islands, the Isle of Man, Cayman Islands, Hong Kong and Bermuda. In recent years Luxemburg and Dublin have become more significant also, as tax havens' within the European Union.
Many offshore funds are run by companies associated with large UK unit trust groups and most of the countries involved now have their own regulatory framework. Certain offshore funds receive recognition under the financial services and markets Act 2000 (FSMA 2000) and may be marketed in the UK.
Non-regulated and non re-cognised funds are subject to severe marketing restrictions in the UK
Prospectuses and details can only be forwarded to investment professionals such as stockbrokers and Independent Financial Advisers (IFAs).

Offshore funds that can be marketed into the UK
S264:
Funds that are recognised under the Undertaking for collective Investments in Transferable Securities (UCITS) Directive. See below for more details
S270:
Funds based in the designated territories, namely Jersey, Guernsey, Isle of Man, Bermuda, and recognised as satisfying FSA requirements.
The designated territories have similar regulation and investor protection at least equal to the UK.
These are termed regulated'.
S272:
Funds based outside the EU and the designated territories but satisfy the FSA requirements individually.
These are termed recognised'

Offshore OEICs
OEICs/ICVCs are the most common form of pooled investment in Europe. OEICs are based on the European type of ICVC known as Societe d' investissement a Capital Viable (SICAV). Unit trust, in contract, are more like what are known in Europe as Fonds Commun de Placement (FCP).

? The attraction of the OEIC is that it can issue any number of types of shares. As we saw earlier, an OEIC is open-ended', because the total amount invested in the scheme can be increased.
? The ability to offer a wide number of types of shares led to the concept of umbrella funds. In this type of fund, there are many types of shares under one management (the umbrella). Each type of shares can invest in a different international sector.
? There is a wider range of funds offered to the investor through an offshore OEIC than an onshore unit or investment trust. The funds include UK Equity, International Equity, International Emerging Markets, International Managed, America, Europe, Japan, Latin America, India, Korea, Hong Kong, Australia, Commodities and Currency Funds (in all the major currencies) and fixed interest funds (in all the leading currencies: eg yen, sterling, euro, US$ )

Wednesday, June 13, 2012

Tax Saving Strategy for Real Estate Agent Accountant Mississauga

Tax Savings Strategy for Real Estate Agents Accountant Mississauga

This article discusses a unique tax saving strategy for real estate agents. If you are a real estate agent, then it is very important that you read this article.

As a real estate agent in the top income tax bracket in the province of Ontario, you are paying tax at a rate of 46.4%. Now, wouldn't it be nice if you could incorporate and pay tax at a rate of only 16.5%?

"16.5% is the corporate income tax rate for small business corporations in Canada. Unfortunately, the Real Estate Council of Ontario (RECO) does not permit real estate agents to incorporate," says Allan Madan, Accountant Mississauga, Toronto, Canada.

So how do we solve this dilemma? It involves a series of steps, including the use of a management company. This article will walk you through those steps.

Create a New Corporation - Tax Savings Strategy for Real Estate Agents Accountant Mississauga

Step 1 Create a New Corporation Tax Savings Strategy for Real Estate Agents

The first step entails creating a new corporation that is owned by your spouse. The new corporation will perform managerial services including marketing, administration, accounting and other functions on behalf of you, the real estate agent.

The new corporation will charge a fee to you for performing managerial services.

Determine Expenses to Charge

Step 2 Determine Expenses to Charge Tax Savings Strategy for Real Estate Agents

The second step is to identify the types of expenses that the managerial company will pay for and charge back to you. The expenses that you would ordinarily pay for as a real estate agent and that would now be paid by the management company include:

Advertising, Marketing & Promotion
Supplies
Staff
Rent
Telephone
Computer charges and internet
General overheads

The above expenses should be charged back to you by your spouse's corporation at cost plus a mark-up of 15 to 25 %. An invoice must be prepared detailing the expenses and mark-up.

Charge for Labour Hours - Tax Savings Strategy for Real Estate Agents Accountant Mississauga

Step 3 Charge for Labour Hours Tax Savings Strategy for Real Estate Agents

The third step is for your spouse's corporation to bill you for time spent (on an hourly basis) by the corporation's staff on administering the marketing, administration and other functions on your behalf. The time spent by your spouse should also be billed back to you.

Write Monthly Cheques to Management Company

Step 4 Write Monthly Cheques to Management Corporation

The fourth step is for you (real estate agent) to write a monthly cheque to your spouse's management corporation for the services performed that month.

For example, assume that the invoice totals ,000 for the month. You (real estate agent) would receive a deduction for the ,000 paid at a tax rate of 46.4% (marginal tax rate). Your spouse's corporation will pay income tax on ,000 received at a tax rate of only 16.5%. So you can see how we saved 30% of income taxes by simply using a management company structure.

It is very important that you have a management agreement in place that is drafted by a business lawyer and reviewed by a Chartered Accountant in Mississauga / Toronto / Oakville. The management agreement must comply with the Canada Revenue Agency's guidelines and it must be able to withstand an audit by the Canada Revenue Agency, if an audit occurs.

Please do not attempt to create a management company and management agreement on your own.

Sunday, June 10, 2012

Like To Watch Movies Online? You Are Not Alone - That's The Latest Trend!

In the digital era where we live, the previous ways of doing the situation is almost anathema. Will no longer do people actually write paper checks, instead, they swipe their credit or debit cards to keep things moving. Convenience and speed have taken the place of hard copies and slowness. This is also true when it comes to watching movies in your house. Rental houses like Blockbuster have seen a dramatic decline in their profits since movies and the Internet joined forces. Today the simplest thing to do is to watch movies online.

There are a variety of sources that permit you to see movies online. Some have the freedom and some are paid services, but things each of them have in keeping is the quick access, immediate gratification, as well as the total convenience they offer to consumers. While services that still rent physical DVD's have a wide range of clientele continue to crop up, the future of movies at home has a direct connection to the Internet. As the cost savings for places like RedBox in without having a physical store that needs maintenance and employee staffing, it pales in comparison to the number of people that can be reached online. It is getting easier and cheaper all the time, to watch movies online.

Netflix has risen to stardom although in the past because of the popularity of their streaming application. They saw record earnings this season that placed them firmly presents itself the list of the greatest money making stocks of the year. They have announced that they plan to put big money and work in the area of making more titles intended for online streaming this year. The biggest complaint that men and women have with Netflix will be the ability to watch free movies online that are newly released. Netflix knows the issue and has plans to resolve it soon.

Another venue to view movies online will come in the form of the networks themselves. It is currently common to offer full episodes online for the network's site when they have aired on television. For many people that do not sign up for the channels coming from a cost savings standpoint, should they watch the flicks online, or in this case, watch television shows online, it's going to give little cause of them to pay the exorbitant fees charged from the cable companies.

Because trend of watching movies online is growing, it is likely that people will see other venues arising to be imagined. The access most people in developed countries have to very fast internet make watching movies online much more of a reality than any other time. People are realizing that watching movies on the internet is quickly becoming the most popular way to see movies at all.

It is difficult to say the future holds for movies and the internet, but one thing that we know of is innovation and also the entrepreneurial spirit will drive innovation to the point that will make it easier and much more profitable for all involved. Should you have not done so yet, you may consider trying it in the near future. You may just get hooked enough to look at movies online from them on.

Explore the options and watch movies online. There's a chance you're surprised at the affordability, but be warned, the freedom can be addictive. As long as you're there, make sure you check out the latest movie trailers online.

Saturday, June 9, 2012

Why Did I Borrow From My Pension Plan?

Do some online research about borrowing or taking out a loan from your 401(K) plan and you will see about 99% of the sites you visit will tell you to never borrow money from your pension.

So, why did I borrow from mine? I will tell you.

First, mine is not a 401(K). It is similar and called a TSP Thrift Savings Plan. It is run by the US Government and is one of the largest pension plans in the world.

I wanted to invest in some property and looked at my options. My first option was a home equity line of credit. I have a condo now for about 20 years so I have some equity in it. My credit is good, and it was an easy acceptance from the lender.

The problems were the fees and interest rate.

The interest rate was actually decent but the fees were in the thousands of dollars.

I looked for an alternative and found that I could borrow from myself. So here are the reasons I took out a loan from my pension fund.

1. I had enough money in the fund. I was allowed to borrow 50% or 50,000, whichever was less. I borrowed ,000.
2. The interest rate was the lowest in town. I borrowed the money on February, 21, 2008 at 3.5%.
3. Simple application. I had to fill out a one-page form and fax it to the TSP office. I could have submitted it electronically and received a check in the mail. But, to get a direct deposit, a signature and a fax was required.
4. Low fees. TSP charges a flat rate of fifty dollars for the loan.
5. Paying it back. This is the beauty in my mind. It is an automatic payroll deduction, with no paperwork, and the money goes right back to my TSP (pension) with the 3.5%. I don't have to think, and I will never be late with a payment.
6. Length of loan. TSP has two types of loans. 15 year and 5 year. The 15 year loan for investing in your primary residence. The 5 year loan is for personal use. I chose the 5 year because my property investment will be overseas in Thailand and will not be my primary residence.

What is the downside?

There are a few items to consider. The money I am using is pre-tax and now I borrowed it. There may be tax implications.

I plan to pay the loan for two of the five years and then retiring. So, what happens to the money that I borrowed and have not paid back? It will now be declared as income unless I pay it back within about 60 days. If I can not pay it back, I will have to count this as taxable income, but, I don't care. I will be retired and my income will be low.

My money is not in the market. True, 50K is now not going up or down. But, about 0 every two weeks, along with my normal investment, will be going back to my TSP. So, it will grow back.

Anyhow, that was what I did. It may not be the solution to your financial issue, but it is something to consider if you have a TSP and need some cash for college, a house, or to pay some bills.

Equipment Lease Tips For Startup Businesses

For a new business, trying to get a bank loan can be a challenge especially without business credit history to back up your loan application. If you need equipment financing is an issue, perhaps you may consider business equipment leasing?

Who Can Lease

Both new and established businesses are eligible to apply for equipment lease financing. In fact, this financing technique has been employed by many small businesses and large corporations for a long time.

Why Lease Equipment

Rather than apply for a bank loan to buy the needed equipment, a new business owner can apply for a lease to avoid unnecessary delays with the business operations. Instead of waiting for months to get their business loan approved, leasing equipment involves a quicker and uncomplicated procedure.

Add to this, equipment lease financing is generally cheaper since it does not require a down payment. Many leasing companies offer flexible repayment terms (monthly, quarterly, bi-annual, annually) to complement the business's needs.

Indeed, equipment lease financing is recommended for smaller businesses. By leasing equipment, the business owner can use its working capital on other expenditures such as purchasing supplies, hiring workers, advertising your products and services, instead of spending the money on devices or special machines.

Preparing Paperwork

What kind of paperwork do you need to prepare? The specific requirements may vary from one leasing firm to the next. Still, most lessors generally require a written equipment lease proposal, the business's recent financial statements, and tax returns.

Your lease proposal must clearly present the type of business you run, your reason for getting a lease, the specific machines or devices you need, and other important information about your company that will help convince your lessor to approve your application.

Check Your Credit

Some business equipment lease providers have strict standards and may call for good to excellent credit history. Nonetheless, you can find lessors that offer leasing services even for customers with no credit history or with bad credit history.

In fact, even business owners who have a record of bankruptcy can get approved as long as the bankruptcy has been discharged. If you have bad credit, it is a good idea to include a letter explaining the details about your bankruptcy or poor credit.

Tips For Sure Approval

For new business owners, do not test the waters by submitting multiple lease applications to different companies. If a potential lessor sees too many inquiries in your report, it may raise doubt as to why other lessors are not willing to grant you a lease.

Keep in mind that not all leasing companies offer lease for new businesses. Some lessors may require applicants to be at least 2 years in operations. However, there are lease companies that do offer special lease arrangements for new businesses.

Find a leasing company that provides service to businesses in the market you belong. For example, some lessors specialize in transportation while others may specialize in medical equipment, printing equipment, baking equipment, etc. Check the prerequisites of a particular equipment lease provider so you can avoid unnecessary rejection.

Thursday, June 7, 2012

What Are Indexed Annuities Pros And Cons?

What are Indexed Annuities?

According to The National Association of Insurance Commissioners Buyer's Guide, An indexed annuity is a fixed annuity, either immediate or deferred, that earns interest or provides benefits that are linked to an external equity reference or an equity index.

When you buy an indexed annuity you own an insurance contract. You are not buying shares of any stock or index. An indexed annuity is different from other fixed annuities because of the way it credits interest to your annuity's value. Indexed annuities credit interest using a formula based on changes in the index to which the annuity is linked. The formula decides how the additional interest, if any, is calculated and credited. How much additional interest you get and when you get it depends on the features of your particular indexed annuity.

Questions you should ask when shopping for indexed annuities You should ask the following questions about indexed annuities in addition to the questions in the Guide to Fixed Deferred Annuities

What is the guaranteed minimum interest rate?

How long is the term?

What is the participation rate? For how long is the participation rate guaranteed?

Is there a minimum participation rate?

Does my contract have an interest rate cap? What is it?

Does my contract have an interest rate floor? What is it?

Is interest rate averaging used? How does it work?

Is interest compounded during a term?

Is there a margin, spread, or administrative fee? Is that in addition to or instead of a participation rate?

What indexing method is used in my annuity contract?

What are the surrender charges or penalties if I want to end my index annuity early and take out all of my money?

Can I get a partial withdrawal without paying charges or losing interest? Does my annuity have vesting?

Final Points to Consider

Remember to read your indexed annuity contract carefully when you receive it. Ask your agent or insurance company to explain anything you don't understand. If you have a specific complaint or can't get answers you need from the agent or company, contact your state insurance department.

Wednesday, June 6, 2012

Virtual Home Tours For Real Estate Marketing: Benefits And Best Practices

Gone are the days of advertising real estate through classified ads. Back then, you had to find a good listing in the paper, follow up with a phone call inquiry, and arrange an in-person. Thankfully, the information age offers countless real estate marketing tools for distributing property information online. The savviest real estate agents now create a virtual home tour for each of sale properties; this saves time for agents and buyers alike.

Of course, this is only the most obvious advantages for creating a virtual tour; we list a few more below.

1. Virtual tours are easy to share online.

It is easy to share a virtual home tour across blogs, social media sites, and listing databases. The best virtual tour applications even provide HTML code for easy posting to online databases like Craigslist.

2. Fun and easy.

Too many real estate marketing tools feel like hard work; they are boring and time consuming to use. However, it's easy and fun to make a virtual tour. You don't even need a video camera. Simply fill out a few property details, upload photographs, and select your animation and music. That's it!

3. Describe a property's personality.

A virtual tool will definitely provide the kind of basic information that consumers need to make a rational choice about whether this could be the right property for them. The number of bedrooms, the neighborhood, nearby schools - these are the facts buyers need, and a virtual home tour should include all of this information.

However, a virtual home tour can also reach buyers on a "gut feeling" level. Indeed, a tour video can quickly convey a property's "personality." Those who depend on real estate marketing tools to earn their keep can tell you that intuition, emotional reactions, and gut instincts play an important, influential role in property sales.

4. Forward-thinking real estate marketing.

Technology expert Cisco has estimated that videos will represent 80 percent of Internet traffic by 2015. By creating up virtual video tours today, you will be better positioned for tomorrow's real estate marketing trends.

5. Increased volume of high quality inquiries.

The bottom line is that you will get more high-quality inquiries if you create a virtual home tour for each of your listings. Buyers are more likely to pursue a property if they have the kind of rich information that a virtual tour conveys.

As you can see, there are plenty of advantages to using virtual tour videos as one of your real estate marketing tools. However, like all marketing tools, virtual tours can be more or less successful depending on your technique. Create a powerful tour video by following these tips:

Insist on excellent lighting. Humans are naturally drawn to light; if the property photos in your video are well-lit, you will receive more property inquiries.

Choose universally appealing animation and music to accompany each virtual home tour. You may be a big fan of Nirvana, but that doesn't mean you should put "Smells Like Teen Spirit" as your background tune for a new condo listing. Choose lyric-free, upbeat music and limit the number of sparkly animations you choose.

Share with past clients. Remember that referrals are the best form of advertising, because they're free and effective. Include a few links to virtual tour videos for current offerings in your newsletters to past buyers.

Personal Mantra Scam by Indian Gurus

The following is the one of the scams often used by Indian Gurus and is targeted specifically at western women.

The money making sales pitch by Indian spiritual gurus goes like this: "In the Internet you can find millions of mantras. But which one is right for you? Now you can ask Swami XYZ for a personal mantra for your issues of love and relationships, finance, health, or your spiritual way.

By working with your personal mantra you can bring your consciousness to another level". "Swami Ji will connect with your energy and find the mantra which is beneficial, particularly for you!"

These Indian gurus are misguiding people in their sales pitch; they are confusing people by giving false impression that their mantras can solve the problems of relationship or finance. Let's understand why.

There are thousands of these gurus in almost every part of India wearing orange clothes and long beard to create mystery in people minds. Let's say these people have magical powers; then why does more than 70 % of India's population live on less than one dollar a day?

Why has India stayed as a poor country for so many years?

Let's say these Indian gurus have the power to create the feeling of love in another person's mind. This is what they claim indirectly when they tell women that they will correct their relationship in life.

Why has India earned the dubious distinction of being the country where maximum number of murders takes place in the world, three times more than its neighbour Pakistan and double the figures in United States?

Why can't these gurus fill the mind of Indians with peace and love in their own country? The most riotous state of India is Gujarat, where hundreds of thousands of people died.

Incidentally this is also the place where a number of renown spiritual gurus of India live and have their headquarters.

So the question is if their presence is so peaceful, why have all these riots happened in their own state?

Normally these gurus claim that they know a lot about Hindu scriptures and religious studies, but they do the exact opposite.

They exploit by focussing on magic and mantras to mislead and make people dependent on them as they understand people psychology very well, that people normally wants some sort of magic.

The spiritual gurus in India use the same technique which is often used by con artist. First, gain the trust of women, tell mysterious stories and create the mystery in her mind, and then exploit them.

So rather than making people independent as enlightened Buddha always encouraged these gurus are making people dependent on them by giving them false hope.

Issued in public interest by the author and trainer Subodh Gupta.

The new book "India Culture and Travel Scams" authored by Subodh Gupta is released. This is the only book on "Travel Scams in India" which is targeted at western tourists.

The author Subodh Gupta has been interviewed by various TV channels and his views and articles appear regularly in the magazines and newspapers in India and the UK.

Saturday, June 2, 2012

Virtual Home Tours For Real Estate Marketing: Benefits And Best Practices

Gone are the days of advertising real estate through classified ads. Back then, you had to find a good listing in the paper, follow up with a phone call inquiry, and arrange an in-person. Thankfully, the information age offers countless real estate marketing tools for distributing property information online. The savviest real estate agents now create a virtual home tour for each of sale properties; this saves time for agents and buyers alike.

Of course, this is only the most obvious advantages for creating a virtual tour; we list a few more below.

1. Virtual tours are easy to share online.

It is easy to share a virtual home tour across blogs, social media sites, and listing databases. The best virtual tour applications even provide HTML code for easy posting to online databases like Craigslist.

2. Fun and easy.

Too many real estate marketing tools feel like hard work; they are boring and time consuming to use. However, it's easy and fun to make a virtual tour. You don't even need a video camera. Simply fill out a few property details, upload photographs, and select your animation and music. That's it!

3. Describe a property's personality.

A virtual tool will definitely provide the kind of basic information that consumers need to make a rational choice about whether this could be the right property for them. The number of bedrooms, the neighborhood, nearby schools - these are the facts buyers need, and a virtual home tour should include all of this information.

However, a virtual home tour can also reach buyers on a "gut feeling" level. Indeed, a tour video can quickly convey a property's "personality." Those who depend on real estate marketing tools to earn their keep can tell you that intuition, emotional reactions, and gut instincts play an important, influential role in property sales.

4. Forward-thinking real estate marketing.

Technology expert Cisco has estimated that videos will represent 80 percent of Internet traffic by 2015. By creating up virtual video tours today, you will be better positioned for tomorrow's real estate marketing trends.

5. Increased volume of high quality inquiries.

The bottom line is that you will get more high-quality inquiries if you create a virtual home tour for each of your listings. Buyers are more likely to pursue a property if they have the kind of rich information that a virtual tour conveys.

As you can see, there are plenty of advantages to using virtual tour videos as one of your real estate marketing tools. However, like all marketing tools, virtual tours can be more or less successful depending on your technique. Create a powerful tour video by following these tips:

Insist on excellent lighting. Humans are naturally drawn to light; if the property photos in your video are well-lit, you will receive more property inquiries.

Choose universally appealing animation and music to accompany each virtual home tour. You may be a big fan of Nirvana, but that doesn't mean you should put "Smells Like Teen Spirit" as your background tune for a new condo listing. Choose lyric-free, upbeat music and limit the number of sparkly animations you choose.

Share with past clients. Remember that referrals are the best form of advertising, because they're free and effective. Include a few links to virtual tour videos for current offerings in your newsletters to past buyers.