With tax time nearly upon us, many small businesses and first time entrepreneurs are scrambling to get their accounting information straightened out in order to file on time. When many small business owners think of accounting, they tend to associate it with income tax preparation and filing. The accounting for your small business should not be relegated to tax time. Accounting information can help business owners make better decisions, and improve the management of their business. It can also help them secure financing, and facilitate reporting to stakeholders (such as creditors, banks, and government agencies), and it can tip them off to any serious problems that might be brewing, such as dwindling cash resources, or debt burdens which may become overwhelming.
The accounting aspect of many small businesses is often the most neglected. Most small business owners don’t feel they have the time or expertise to devote to keeping their books. Let’s face it, most small business owners didn’t start a business because they were eager to deal with the finance and accounting aspects of it. The accounting is a function done at the end of the year for tax purposes. This attitude is unfortunate, because the accounting results of a
Credit has always been a big part of the business world and due to the current economic climate more people are in need of it.
There is then something of an expectation from those we do business with that we will extend credit and offer reasonable terms, just as in turn we expect our suppliers to extend credit to us.
However, just because we empathise with others in the business community and are aware of the need to offer credit, this does not mean that we should leave ourselves without protection; business is far from risk free and although extending credit is commercially a sound move it is prudent to be choosy about who you offer it to.
Before offering credit:
- Check out your competition. You may find that your competitors are not offering credit to their customers; this means that you could have a great commercial advantage by extending credit terms or that you could choose to refrain from offering credit without disadvantage.
- Not every customer is equal. There is nothing wrong with offering credit to all customers but varying the terms depending on each one’s trading history; those customers very new to business should perhaps expect shorter terms or lower sums.
- Check customers’ income levels.
Cellular phone companies have become more lenient now that almost all of them offer cell phone plans for poor credit. Mobile phones are now a necessity that everyone would love to own. Even if you have a bad credit, there are some ways for you to have a mobile phone. But before you begin shopping for cell phone plans for poor credit, list what you should need.
A deciding factor not just for mobile phone plans for poor credit but for all goods and services is the price. So how much do you want to spend per month? How often do you call? What about the area of coverage? Do you plan to use it only in your local area or you frequently call other locations? Do you want an individual or a family plan?
The next step is to choose what scheme you should be applying for. Be familiar with the advantages and disadvantages of the two options, the prepaid and postpaid services, as this a major concern in deciding for cell phone plans for poor credit.
Prepaid phones are perfect for kids and teens if you are trying to save on phone bills. But remember that minute rates for prepaid are
We all want the respect and consideration of our community and neighbors. This is called your reputation and it is worth protecting. However, we all have a story that is being told about us by a source who has never met us personally and that is also critical to your future success. This is your credit score and the data that generates that magic number. This is a part of your reputation of which you have more than you realize.
You want to monitor and and maintain an accurate summary of your credit activity. It comes up more than you realize in your financial life. Unfortunately, this is not what I consider private information anymore. Many institutions and individuals can use various channels to get access to part or all of your credit information. Therefore, you should limit the access to this information where you can and you should read it to know what others can know about you.
It may be accurate data or it may be full of errors and obsolete information. You may be faulted for the choices of your children, parents, ex-spouses or others that you have co-signed loans for. In addition to people that you actually know,
There are many companies which sell credit repair tips and solutions. There are software programs, books, newsletters and a range of services directed at those who are in need of bad credit history repair. But, the best credit repair tips and solutions are the free ones, at least in the opinion of this writer.
Did you know that the three major credit bureaus, Experian, Equifax and TransUnion, are required to provide consumers with one free copy of their credit report every year? If not, you are not alone. Some people know that the reports are available, but do not know where or how to obtain copies. Companies which sell credit repair tips and solutions often sell information about where to obtain copies of your credit reports. They often advertise in such a way as to lure in consumers who are looking for bad credit history repair or just the free annual report that they are entitled to by law.
Visit http://www.annualcreditreport.com. Older books containing credit repair tips and solutions will not have this address. It was created by the three major credit bureaus in response to a recently enacted law, so anything that was written before 2005 will not have this information.