Tax season is upon us. This year, rumor has it, small businesses are in for a wake-up call. The IRS is cracking down on improper employee classifications. What most of us would attribute to a simple misunderstanding or clerical error, actually goes a lot deeper than that.
Absent Mindedness Accounted For
The IRS estimates that 30% of workers are misclassified. That percentage amounts to $7 billion in missing government revenue. Their mission: get that revenue back, even if it means a 100% penalty on the payroll taxes owed. Nearly 6,000 businesses across 14 states have been audited already. The IRS doesn’t show any signs of slowing down. (more…)
When disaster strikes, we assess the damage it causes in different stages. Much like first responders, we initially focus on physical well-being. When physical wellness is restored, we move on to emotional triage. We begin dealing with feelings of loss, grief, anger, and depression. As we round the final corner, and begin pulling ourselves up by our bootstraps, another level of damage becomes our bedfellow: financial hardship.
The life of a doctor is full of challenges. It’s in the job description. There’s one hurdle that is rarely discussed outside of getting your medical degree, the financial investment this occupation takes.
People often buy into the misconception that being a doctor translates to “living on easy street.” Making a comfortable living in the medical profession is an eventuality, it is not immediate. First, you have to pay off the debt you incurred from your education and training, then it’s likely you’ll need to relocate for your fellowship and your first job. Not to mention the transition into private practice.
This article can help you with at least one of those expenses. We’ll spend some time discussing how a small business line of credit can be used to help you start your own practice.
When I began hunting for early holiday deals a couple of weeks ago, I had no idea what Mother Nature had in store for the Northeast. We’re not talking about your typical Nor’easter. Hurricane Sandy crippled the East Coast infrastructure. Shipping hubs, warehouses, and some major roads have come to a veritable standstill.
The Hurricane That Almost Stole Christmas
Debt is a common reality in America’s economic culture and the professional landscape is no different. Everyone has the next quick-fix idea to eliminate it. But is there an effective solution that will allow business owners to re-pay their unsecured credit line quickly? It turns out; the simplest explanation is probably the right one.
When looking for the best defense against debt; consider the strategic snowball fight
Merchant Cash Advances and Unsecured Lines of Credit are a great solution for many types of small businesses in search for working capital. Financing a business with these options has many advantages compared to traditional business financing through banks and lenders. Banks are becoming an increasingly undependable source for loans and lines of credit for many small businesses. Merchant Cash Advances and Unsecured Lines of Credit are a quick financing option for businesses that have bad credit, no credit, or who otherwise do not qualify for bank loan financing. In addition to not requiring credit scores, there is no collateral required.
Professionals in New York who are trying to jumpstart a new business should consider a New York Business Loan, especially if the business intends to accept credit cards. A business loan is a great way to pay for overall business expenses, get the necessary equipment to start it, etc. Business loans are quite beneficial for anyone trying to invest the most into his or her new company or organization.
Unsecured lines of credit are available to those who need them to build their franchise, even if they have bad credit or no credit. As a franchise owner, it is critical that you have access to the funding you need to achieve your financial goals and maintain a good standing with the main company. You may need equipment, supplies and the ability to keep up with payroll.
However, a traditional lender is unlikely to loan to you if you have bad credit or no credit. They are more concerned with your ability to pay them back than your future earning potential. Advance Funds Network is the ideal solution when you need unsecured loans for bad credit, and you want real results and fast.
Running a franchise organization can be expensive. There are often times when you need to contact companies for loans to help you to achieve you install new equipment, invest in marketing, or to pay bills or your franchise fees.
• You need fast access to working capital, mostly for unexpected costs or opportunities that can happen from time to time. You won’t always have a lot of time to shop around to banks and try to improve your credit worthiness.
• The purchasing of inventory is often one of the biggest cost a small business has to deal with. In a franchise, you may be limited to where you can obtain your inventory from, too. Sometimes the franchise headquarters may have a deal on an inventory order that you want to take advantage of, but what if you don’t have the capital?
• You may need equipment to help your business to run more efficiently or to replace malfunctioning equipment. If your business needs equipment repair, replacement or service, you need cash to pay for it.
• You may need to cover payroll. Often, a growing business must pay out a larger payroll as employees work overtime. If the extra costs coincide with a trend of customers not paying their invoices, you could be in a tough situation. You have to pay staff, and a line of credit could be ready for you in 48 hours.
• Construction or remodeling costs can also be expensive and limiting to many franchise owners. With the right type of loan, you can ensure your business has the ability to make the changes it needs to.
The problem is that unsecured lines of credit for bad credit are hard to find through traditional methods. If you have bad credit, for any reason, tap into the financing options available to you through the Advance Funds Network. This organization works with you to determine how much you need and then requires you to make repayment only as your credit card transactions come in or through a fixed payment bank loan option.
As long as you meet the organization's minimum credit card transactions and/or gross deposits (and you have been in business long enough) you do not have to worry about your franchise being turned down for this loan. Unsecured loans for bad credit can help to transform the financial needs of a growing business, but it is critical for you to take action. Make your future sales work for you now.
Your business needs to tap into financial resources in order to remain competitive and growing. The good news is that there are a number of different services available to help you to achieve your goals. The following are some of the organizations that can offer help to you within your state. Alternative financing options, including merchant cash advances, are available from trusted companies like Advance Funds Network that can help your business in any state. Their unsecured lines of credit, loans, and advances can help your business to achieve its goals long term and immediately.
Small Business Development Centers and Resources
Small Business Development Centers can help you to find affordable financing solutions ranging from commercial lenders to credit unions offering microloans to individuals. Click to learn more at the U.S. Small Business Administration or to find your local office.
Chambers of Commerce
Your local Chamber of Commerce offers diverse resources your business can tap into. These groups help local businesses grow by helping them to do everything from obtain necessary permits to offering financing consulting. Your Chamber of Commerce can help you to find financial specialists in the area while also offering guidance on specific options.
Click here to access the Brooklyn, New York Chamber of Commerce. To find your local Chamber of Commerce, just search online “Chamber of Commerce, your city”
SCORE Business Counselors
Sometimes, you just need someone to give you customized advice. That is just what will happen when you tap into SCORE Business Counselors. You will be able to find an online mentor to help your business to grow. You will also get help through local workshops and events, tools and templates as well as local chapters who can connect you with lenders or offer advice on funding your business's needs. Click here to access SCORE Business Counselors.
Economic Development Centers
Economic development centers want local businesses to do well as it benefits the entire community. Through the aid of these centers, your business may be able to find local resources for financing, which may range from commercial lenders to private lenders. The key here is that they can offer local advice to encourage your business's growth.
Click here for the New York City Economic Development Corp.
Business Development Centers
The foundation of the country is through the development of new businesses. However, it is a good idea for you to focus on having the necessary information and resources to start up that business. Business development centers can help you to get your new or newer business off the ground.
Click here for the New York State Small Business Development Center
Click on your state below to access your Small Business Development Center
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Finding A Solution
Most businesses need financing, new and old. Finding local resources can help. Advance Funds Network can also help. You can utilize services such as a merchant cash advance to help you to fund your business's immediate needs. The more access to funding you have, the better you can encourage your business to grow. Any of these organizations may be able to offer guidance and information or even connections to local lenders. In addition, do not forget that sometimes, you need a trusted national company to extend affordable loans to you, like Advance Funds Network.
Nurturing Business, Cultivating Hope
