Investors want to see hard numbers to justify their risk. Include a sales forecast (based on industry and market trends), expenses, sunk costs, overhead costs, anticipated break-even point, expected accounts receivable, an estimated cash flow (derived from your sales forecast and expenses) and ...
Because the originators of the loan are typically locally owned banks, it is more likely that the borrowers will be able to communicate with the people who get the final say, which is unlikely to happen at a national bank. Direct contact can provide flexibility if the borrowers have a unique...
Martin Swain, Director of Intelligence and Law Enforcement Engagement at Companies House, writes about its new proactive role in the fight against economic crime in his recent LinkedIn post. He describes how Companies House will be actively scrutinising the information provided to...
The tax year always corresponds with the calendar year, from January 1st to December 31st. Your federal income taxes are due by April 15th every year, but you can request an extension which will give you until August 15th to file them. Keep in mind that even if you file for an extension...
Corporate accounts are a little different from personal accounts, so here are some things you should consider when choosing a bank for your business: Does it offer onlinebusiness banking? What are its fees for business transactions? What kinds of interest rates does it have for business loans?
Best High-Yield Savings Accounts Hobbies or Interests While it may not be entirely passive, abusiness based on a hobbycan provide additional income. "If a client needed or wanted to generate some income without getting a traditional job, I would ask them what their favorite hobbies are," Whip...
Sole proprietorships.If you’re starting small (like a home bakery or testing your recipes at local markets), asole proprietorshipcould be the easiest option. It’s simple to set up and gives you complete control over your business. The catch is you’re personally responsible for any debts ...
Cross-reference the bank’s advice with your accountant to determine which savings bundles or special accounts will benefit you. You may be planning an international business strategy and expecting to generate a high sales volume in those overseas markets. In this case, opening a bank account in...
In some cases, investing even $10 can feel like you’re stretching your budget too thin if your financial house isn’t in order. Before landing on how much you want to set aside, consider these key factors: Your income: Take a close look at your monthly income and consider how much ...
Identity theft coverage is often available as a low-cost add-on to homeowners insurance. With this protection, policyholders are notified of any data breaches, new accounts, or other risk factors for identity theft. If identity theft occurs, the insurance company will help recoup losses and repa...