Mortgage refinancing and modification are great ways for a homeowner to take control of their finances, reduce the monthly loan payment, or get some cash back from the equity you have built up in your home. Especially these days, mortgage refinance is very popular. There are new Government programs, and super low interest rates which make refinancing better and easier for millions of homeowners.
Big Mortgage Refinance Benefits from Obamas Stimulus
Author: MPetrone
Mortgage refinancing and modification are great ways for a homeowner to take control of their finances, reduce the monthly loan payment, or get some cash back from the equity you have built up in your home. Especially these days, mortgage refinance is very popular. There are new Government programs, and super low interest rates which make refinancing better and easier for millions of homeowners. Homeowners need help. Right now, foreclosures and mortgage default are at all time highs. This is wrecking the housing market even further, and driving down home values. Many mortgage lenders and banks are very reluctant to take on newly foreclosed homes. In the past, lenders and banks would love foreclosing on homes, and then make a huge profit when they are resold. Now though, things have changed. The housing market is in bad shape, many homeowners are upside down on their mortgage, and millions of people are facing financial hardships of one type or another. With such a bad housing market, and so many homes being foreclosed on, lenders and banks are risking taking a loss every time a homeowner loses their home. This has made refinancing and mortgage modification much easier to get. Nobody wants to take on a home that is a potential loss, instead, mortgage lenders and banks are anxious to actually help homeowners get a better, more affordable, monthly home loan payment. Some of the biggest benefits of this stimulus plan are: -Interest rates lowered to as little as 2% to keep the monthly payments truly affordable for homeowners. -People who owe up to 25% more than the mortgage is worth can now get the help they need. This would have been hard to do before these programs existed. -Homeowners facing a financial hardship or other problems can much more easily get the help they need, save their home, and save a lot of money. -There will be no closing costs or fees associated with these mortgage refinancing options. This will save a homeowner thousands of dollars. Millions of people will get help, and save their home. This plan is a $75 billion effort to assist homeowners get a better mortgage. Take advantage of this program today and save a lot of money, or your home from being lost.
Article Source: http://www.articlesbase.com/mortgage-articles/big-mortgage-refinance-benefits-from-obamas-stimulus-1538911.html
About the Author:
I have been underwriting mortgages for years. Recently, I got into a new business but I still wish to share my advice, tips, and industry inside happenings of the mortgage refinancing industry.
For more articles on Mortgage Refinance check out my website
Friday, December 4, 2009
Tuesday, November 10, 2009
how to get rid of debt
A few notes on debt and ways to reduce and get rid of debt. An ability to control and budget funds is something people would do well to strive for and cultivate. Especially in such financially strained conditions as such the global market is currently undergoing, people need to be careful about their funds and their spending habits.
Searching For Debt Help: Notes on Money and Settling Debt
Author: Marian Aldana
An ability to control and budget funds is something people would do well to strive for and cultivate. Especially in such financially strained conditions as such the global market is currently undergoing, people need to be careful about their funds and their spending habits. This, however, is something many people still fail to consider. Even in these economically troubled times, people are as likely to overspend. This then generally leads to an accumulation of bills and debts. Reliable, effective means to promote debt relief are greatly needed to resolve such problems. Individuals in debt need to find the best ways for how to get rid of debt in order to relieve their financial stress. There are a variety of ways to avail debt relief and ways of how to get rid of debt . Debt settlement is an agreement made by a debtor and his creditor to reduce the original payoff amount in order to resolve the debt. A debt settlement is often arranged when a debtor is unable to fulfill his debt obligations due to financial constraints. Debt settlement is sometimes also referred to as debt negotiation; although a debt settlement is specifically the final agreement, while the process in which both parties draw up the terms of the agreement is the negotiation. Money is that which is generally recognized and accepted as legal tender, in payment for goods and services which have been acquired, as well as in payment of debts. Often, a country's money supply follows a system consisting of currency, which generally involves banknotes and coins. It also usually includes demand deposits, otherwise referred to as bank money, wherein the balance is conducted through checking and savings accounts. In many cases, demand deposits usually comprise a more comprehensive unit of the money supply than the general currency. Unlike physical cash, bank money exists in the form of bank records and is considered intangible. However, bank money still fulfills the basic purpose of money. Checks are regularly accepted as a recognized method of payment, as well as in the transfer of ownership of deposit money. Those who are undergoing financial hardship have several options to choose from in order to deal with the situation, and search for various ways to achieve debt relief. It is advisable to investigate these matters carefully. Debt analysts at Totaldebtservices.com can assist in working through various debt relief options to see which is best for you to get out course to take, as well as answer further questions on the topic and related issues. Totaldebtservices.com provides solutions to debt problems. They offer various options towards debt relief and a quick resolution of financial debt. For more information, visit Totaldebtservices.com .
Article Source: http://www.articlesbase.com/credit-articles/searching-for-debt-help-notes-on-money-and-settling-debt-1440783.html
About the Author:
junior writer
Searching For Debt Help: Notes on Money and Settling Debt
Author: Marian Aldana
An ability to control and budget funds is something people would do well to strive for and cultivate. Especially in such financially strained conditions as such the global market is currently undergoing, people need to be careful about their funds and their spending habits. This, however, is something many people still fail to consider. Even in these economically troubled times, people are as likely to overspend. This then generally leads to an accumulation of bills and debts. Reliable, effective means to promote debt relief are greatly needed to resolve such problems. Individuals in debt need to find the best ways for how to get rid of debt in order to relieve their financial stress. There are a variety of ways to avail debt relief and ways of how to get rid of debt . Debt settlement is an agreement made by a debtor and his creditor to reduce the original payoff amount in order to resolve the debt. A debt settlement is often arranged when a debtor is unable to fulfill his debt obligations due to financial constraints. Debt settlement is sometimes also referred to as debt negotiation; although a debt settlement is specifically the final agreement, while the process in which both parties draw up the terms of the agreement is the negotiation. Money is that which is generally recognized and accepted as legal tender, in payment for goods and services which have been acquired, as well as in payment of debts. Often, a country's money supply follows a system consisting of currency, which generally involves banknotes and coins. It also usually includes demand deposits, otherwise referred to as bank money, wherein the balance is conducted through checking and savings accounts. In many cases, demand deposits usually comprise a more comprehensive unit of the money supply than the general currency. Unlike physical cash, bank money exists in the form of bank records and is considered intangible. However, bank money still fulfills the basic purpose of money. Checks are regularly accepted as a recognized method of payment, as well as in the transfer of ownership of deposit money. Those who are undergoing financial hardship have several options to choose from in order to deal with the situation, and search for various ways to achieve debt relief. It is advisable to investigate these matters carefully. Debt analysts at Totaldebtservices.com can assist in working through various debt relief options to see which is best for you to get out course to take, as well as answer further questions on the topic and related issues. Totaldebtservices.com provides solutions to debt problems. They offer various options towards debt relief and a quick resolution of financial debt. For more information, visit Totaldebtservices.com .
Article Source: http://www.articlesbase.com/credit-articles/searching-for-debt-help-notes-on-money-and-settling-debt-1440783.html
About the Author:
junior writer
Tuesday, November 3, 2009
health insurance
Health insurance covers medical expenses for an accident. But, some health insurance provider doesn't insure for the accidental injuries. You should be alert to choose proper health insurance company.
Health Insurance and Accidental Cover
Author: Habibulla Antule
It's really true that the life is unpredictable. You don't know, when and where you will be involved in an accidents. It can occurs at your work place, on road or even at your home while you are doing your daily chores. Sometime accident can be more serious that can be directly affect your health and ruin your life. This is the most important reason you should own health insurance for the safety reason. When accident happens, it is very important to visit a doctor or a hospital for medical treatment. Without health insurance, it can be a serious problem. The cost of medical treatment is extremely expensive and unaffordable, no matter the injury is small or big. For example, the major needs x-ray and city scan that cost thousands of rupees. Injury is one of the common reason why many people have file to bankruptcy, because they can not pay money at emergency situation and borrow the money from the lenders and other sources. Health insurance covers medical expenses for an accident. But, some health insurance provider doesn't insure for the accidental injuries. You should be alert to choose proper health insurance company. Accident insurance policy which is specially made for this purpose. It provides cash cover to the insured person when he/she suffers injuries as a result of an accidents. This policy is consider as an supplementary cover for extra money, if anyone wants to avail more benefits. Under accident insurance, the insured person receive a cash benefit every months for as long as he/she unable to work due to accidental injuries. This income is absolutely non-taxable. In case of death of the insured person due to an accident, the family will receive a specified lump sum amount. Today, you will find out various types of accident insurance policies in the market which suits to different needs.
Article Source: http://www.articlesbase.com/insurance-articles/health-insurance-and-accidental-cover-1414632.html
About the Author:
Habib Antule is a financial advisor and consultant and have provided his expertise to many financial institutions for loans and insurance . One of which is a bit online financial player in the market – Apnapaisa.com.
Health Insurance and Accidental Cover
Author: Habibulla Antule
It's really true that the life is unpredictable. You don't know, when and where you will be involved in an accidents. It can occurs at your work place, on road or even at your home while you are doing your daily chores. Sometime accident can be more serious that can be directly affect your health and ruin your life. This is the most important reason you should own health insurance for the safety reason. When accident happens, it is very important to visit a doctor or a hospital for medical treatment. Without health insurance, it can be a serious problem. The cost of medical treatment is extremely expensive and unaffordable, no matter the injury is small or big. For example, the major needs x-ray and city scan that cost thousands of rupees. Injury is one of the common reason why many people have file to bankruptcy, because they can not pay money at emergency situation and borrow the money from the lenders and other sources. Health insurance covers medical expenses for an accident. But, some health insurance provider doesn't insure for the accidental injuries. You should be alert to choose proper health insurance company. Accident insurance policy which is specially made for this purpose. It provides cash cover to the insured person when he/she suffers injuries as a result of an accidents. This policy is consider as an supplementary cover for extra money, if anyone wants to avail more benefits. Under accident insurance, the insured person receive a cash benefit every months for as long as he/she unable to work due to accidental injuries. This income is absolutely non-taxable. In case of death of the insured person due to an accident, the family will receive a specified lump sum amount. Today, you will find out various types of accident insurance policies in the market which suits to different needs.
Article Source: http://www.articlesbase.com/insurance-articles/health-insurance-and-accidental-cover-1414632.html
About the Author:
Habib Antule is a financial advisor and consultant and have provided his expertise to many financial institutions for loans and insurance . One of which is a bit online financial player in the market – Apnapaisa.com.
Friday, October 30, 2009
Starting a business
One startup decision that seems to cause entrepreneurs heartburn is whether to set up their accounting system on a cash basis or on an accrual basis. Although this sounds like secret accounting code, the implications are straightforward, and, for most businesses, the right method is easy to see.
Cash or Accrual Basis of Accounting? Which Should You Select When Starting a Business?
Author: K. MacKillop
One startup decision that seems to cause entrepreneurs unnecessary consternation is selecting the right accounting method -- cash basis or accrual basis. The primary purpose of the accounting method you choose is to calculate your business's taxable income for federal (and state) income tax purposes. Of course, if you register as an LLC and elect not to be taxed as a corporation, your business does not pay federal taxes, but choosing the right accounting basis is still important. Financial management is a critical key to success in small business, and the accounting method you use is an important tool for keeping you on track. What Are the Two Accounting Methods? The difference between the two methods is simply a matter of timing -- when business transactions are posted to the accounting system. With the cash method , income and expenses are recorded when money changes hands. That is, no matter when you close a sale or place an order, it does not go on the books until you get paid or the bill is due. Cash basis accounting is basically managing your business finances like you do a checkbook -- money only exists once it is deposited, and expenses only exist once money is spent. With the accrual method , the transactions are recorded when they occur, regardless of when you actually get paid or pay the bill. That's pretty much all there is to it -- when the transactions are posted on the books! If You Sell Products, You Must Choose the Accrual Method Deciding which accounting method is best for your business is not particularly difficult either. First, if you carry inventory that your business sells to customers, the IRS requires you to use the accrual method, for good reason. Because the accrual method accounts for all income and expenses when they occur (and not when money changes hands), your financial statements reflect a more accurate picture of how your business is doing. If you sell inventoried products of any kind, the expense of making or purchasing those products occurs in line with your ability to sell them (at least on the books). The accrual method keeps these income and expense accounts in line. Otherwise, if you buy inventory on credit but make cash sales, your books will look like you bring in a substantial income with no expenses during the grace period for payment. Then, when payments to your suppliers come due, the books will show enormous expenses all at once compared to income. By using the accrual method, a financial report for any given period will be a substantially more accurate reflection of the overall health of your venture. If You Only Sell Services, You Have a Choice For micro-businesses (consultants, self-employment, etc.) that sell only services, the cash method of accounting can be a good choice. Because income and expenses are recorded only when money is exchanged, the cash method gives a more accurate view of how much cash is available at any given time. Keeping the books for cash basis is like keeping a checkbook, money in and money out. The downside of using the cash method is that it can reflect a misleading picture of your business's overall profitability and health. For example, if you extend credit terms to your customers, your income at a given time will not necessarily reflect the actual sales volume during that time. Cash can still be moving in and out of the business during periods of no sales, as customers pay invoices and bills come due. Plan for the Long Term Growth of Your Business Think ahead when you are setting up your accounting system. Choose the cash method only if you plan to stay small and you only plan to sell services over the long term. Otherwise, use the accrual method and work on learning how to manage all aspects of your business's financial health. If your plans are to grow a company rather than own your job over the long term, the accrual method is a better tool to show the ebbs and flows of the business's transactions. Of course, you will still need to review and analyze cash flow to verify the health of your venture. Your small business accounting software (Peachtree Accounting is a great choice!) allows you to select either cash or accrual basis for handling your books. However, once one is selected, you are stuck with it unless you start over with a new company file and migrate your data. The reason for this is that the federal government's rules are the same -- if you want to change your accounting basis, you have to file paperwork with the IRS. Successful entrepreneurship means knowing how to read and analyze the entire financial picture, and neither accounting method ensures that on its own. Don't rely on a single financial report to tell you how your business is doing, but learn to use multiple financial management tools to keep an eye on the bottom line.
Article Source: http://www.articlesbase.com/accounting-articles/cash-or-accrual-basis-of-accounting-which-should-you-select-when-starting-a-business-1398516.html
About the Author:
K. MacKillop, a serial entrepreneur, is founder of LaunchX and authors a small business startup blog. The LaunchX System helps entrepreneurs who are starting a business . Visit LaunchX.com to learn more about the financial management of your business startup .
Cash or Accrual Basis of Accounting? Which Should You Select When Starting a Business?
Author: K. MacKillop
One startup decision that seems to cause entrepreneurs unnecessary consternation is selecting the right accounting method -- cash basis or accrual basis. The primary purpose of the accounting method you choose is to calculate your business's taxable income for federal (and state) income tax purposes. Of course, if you register as an LLC and elect not to be taxed as a corporation, your business does not pay federal taxes, but choosing the right accounting basis is still important. Financial management is a critical key to success in small business, and the accounting method you use is an important tool for keeping you on track. What Are the Two Accounting Methods? The difference between the two methods is simply a matter of timing -- when business transactions are posted to the accounting system. With the cash method , income and expenses are recorded when money changes hands. That is, no matter when you close a sale or place an order, it does not go on the books until you get paid or the bill is due. Cash basis accounting is basically managing your business finances like you do a checkbook -- money only exists once it is deposited, and expenses only exist once money is spent. With the accrual method , the transactions are recorded when they occur, regardless of when you actually get paid or pay the bill. That's pretty much all there is to it -- when the transactions are posted on the books! If You Sell Products, You Must Choose the Accrual Method Deciding which accounting method is best for your business is not particularly difficult either. First, if you carry inventory that your business sells to customers, the IRS requires you to use the accrual method, for good reason. Because the accrual method accounts for all income and expenses when they occur (and not when money changes hands), your financial statements reflect a more accurate picture of how your business is doing. If you sell inventoried products of any kind, the expense of making or purchasing those products occurs in line with your ability to sell them (at least on the books). The accrual method keeps these income and expense accounts in line. Otherwise, if you buy inventory on credit but make cash sales, your books will look like you bring in a substantial income with no expenses during the grace period for payment. Then, when payments to your suppliers come due, the books will show enormous expenses all at once compared to income. By using the accrual method, a financial report for any given period will be a substantially more accurate reflection of the overall health of your venture. If You Only Sell Services, You Have a Choice For micro-businesses (consultants, self-employment, etc.) that sell only services, the cash method of accounting can be a good choice. Because income and expenses are recorded only when money is exchanged, the cash method gives a more accurate view of how much cash is available at any given time. Keeping the books for cash basis is like keeping a checkbook, money in and money out. The downside of using the cash method is that it can reflect a misleading picture of your business's overall profitability and health. For example, if you extend credit terms to your customers, your income at a given time will not necessarily reflect the actual sales volume during that time. Cash can still be moving in and out of the business during periods of no sales, as customers pay invoices and bills come due. Plan for the Long Term Growth of Your Business Think ahead when you are setting up your accounting system. Choose the cash method only if you plan to stay small and you only plan to sell services over the long term. Otherwise, use the accrual method and work on learning how to manage all aspects of your business's financial health. If your plans are to grow a company rather than own your job over the long term, the accrual method is a better tool to show the ebbs and flows of the business's transactions. Of course, you will still need to review and analyze cash flow to verify the health of your venture. Your small business accounting software (Peachtree Accounting is a great choice!) allows you to select either cash or accrual basis for handling your books. However, once one is selected, you are stuck with it unless you start over with a new company file and migrate your data. The reason for this is that the federal government's rules are the same -- if you want to change your accounting basis, you have to file paperwork with the IRS. Successful entrepreneurship means knowing how to read and analyze the entire financial picture, and neither accounting method ensures that on its own. Don't rely on a single financial report to tell you how your business is doing, but learn to use multiple financial management tools to keep an eye on the bottom line.
Article Source: http://www.articlesbase.com/accounting-articles/cash-or-accrual-basis-of-accounting-which-should-you-select-when-starting-a-business-1398516.html
About the Author:
K. MacKillop, a serial entrepreneur, is founder of LaunchX and authors a small business startup blog. The LaunchX System helps entrepreneurs who are starting a business . Visit LaunchX.com to learn more about the financial management of your business startup .
Friday, October 23, 2009
debt relief
When there were people suffering with problems during economic crisis time and most people are finding it difficult avoiding going into debt.
Simple Notes in Regards in Fixing Debts - Two Steps to Debt Relief
Author: Gilbert Bermudez
When there were people suffering with problems during economic crisis time and most people are finding it difficult avoiding going into debt. Like most people, we probably have our fair share of debt and expenses. When these two sources of spending are not properly managed, we can easily end up with debt problem. It should be no surprise that getting out of debt problem is more problematic then getting into. But solving both will take a concerted two–pronged approach. And this is how it works: First, consolidate as much of our debt as we possibly can, then reduce the overall interest rate associated with that debt. The process requires that we gather all of our financial details and organize it accordingly. Review and examine each of the debts to make sure that the amounts we owed are accurate. An optional way to do it is to let the debt counselor know the details of the dispute and seek for advice and let him educate us. There are many non-profit organizations that are ready to listen to our problems and if usually offers free debt consultation (ie Total Debt Services). Just remember, the last thing creditors want to see happen is that we are being forced into filing for bankruptcy. In that scenario, our unsecured creditors stand a very good chance of receiving nothing. And second, examine our life style and begin cutting down on our personal living expenses. First consider which of the larger living expenses we can reduce or eliminate. For this we need to examine where we live, what and where we eat, what we wear, what we drive and what we do with our time - all are choices that can have a major impact on our financial picture. Planning with budget, execute and live in a minimalistic way of living is the second key in acquiring success in getting debt relief . The good news is that both approaches are totally achievable. Financial recovery is just a matter of following the plan and sticking to it. In time, we will not notice that we are actually out of our debts. For more questions and for people who seeks answers on how to get out of debt, visit totaldebtservices.com for more details.
Article Source: http://www.articlesbase.com/credit-articles/simple-notes-in-regards-in-fixing-debts-two-steps-to-debt-relief-1371256.html
About the Author:
Simple Notes in Regards in Fixing Debts - Two Steps to Debt Relief
Author: Gilbert Bermudez
When there were people suffering with problems during economic crisis time and most people are finding it difficult avoiding going into debt. Like most people, we probably have our fair share of debt and expenses. When these two sources of spending are not properly managed, we can easily end up with debt problem. It should be no surprise that getting out of debt problem is more problematic then getting into. But solving both will take a concerted two–pronged approach. And this is how it works: First, consolidate as much of our debt as we possibly can, then reduce the overall interest rate associated with that debt. The process requires that we gather all of our financial details and organize it accordingly. Review and examine each of the debts to make sure that the amounts we owed are accurate. An optional way to do it is to let the debt counselor know the details of the dispute and seek for advice and let him educate us. There are many non-profit organizations that are ready to listen to our problems and if usually offers free debt consultation (ie Total Debt Services). Just remember, the last thing creditors want to see happen is that we are being forced into filing for bankruptcy. In that scenario, our unsecured creditors stand a very good chance of receiving nothing. And second, examine our life style and begin cutting down on our personal living expenses. First consider which of the larger living expenses we can reduce or eliminate. For this we need to examine where we live, what and where we eat, what we wear, what we drive and what we do with our time - all are choices that can have a major impact on our financial picture. Planning with budget, execute and live in a minimalistic way of living is the second key in acquiring success in getting debt relief . The good news is that both approaches are totally achievable. Financial recovery is just a matter of following the plan and sticking to it. In time, we will not notice that we are actually out of our debts. For more questions and for people who seeks answers on how to get out of debt, visit totaldebtservices.com for more details.
Article Source: http://www.articlesbase.com/credit-articles/simple-notes-in-regards-in-fixing-debts-two-steps-to-debt-relief-1371256.html
About the Author:
Sunday, October 4, 2009
health insurance
If you have been worried about getting good health insurance, you need to stop worrying. That’s right, there is help out there that you can take advantage of today and for a long time. You don’t have to succumb to clever marketing pitches and other things if you simply move forward in good faith to the overall better good that is out there.
United Health Insurance To The Rescue
Author: Allen Jesson
If you have been worried about getting good health insurance, you need to stop worrying. That’s right, there is help out there that you can take advantage of today and for a long time. You don’t have to succumb to clever marketing pitches and other things if you simply move forward in good faith to the overall better good that is out there. Seriously, get yourself something better and make sure that you’re doing what is right for you and your family. If you’re looking for United Health Insurance, you’re luck, they are there waiting with open arms and simple terms so that you can understand your policy and make sure life is sweeter than the rest. If you’re interested in United Health Insurance, good for you, they are ready to help. You need to make sure you get the right coverage at the right price, which is impressive in these modern times, because there are so many brilliant things out there that can be said in regards to the greater good that exists overall. If you’re looking forward to getting coverage, than help is on the way. United Health Insurance is not some fly by night operation out there. It’s important to remember that overall. You need to remember that your health and that of your family is important in a lot of different ways. Health insurance is important to everyone, and if you’re not getting the right plan, you’re going to kick yourself when the chips are down and you need help.
Article Source: http://www.articlesbase.com/insurance-articles/united-health-insurance-to-the-rescue-1302150.html
About the Author:
Please follow the links for exclusive special offers on united health insurance and united health care insurance .
United Health Insurance To The Rescue
Author: Allen Jesson
If you have been worried about getting good health insurance, you need to stop worrying. That’s right, there is help out there that you can take advantage of today and for a long time. You don’t have to succumb to clever marketing pitches and other things if you simply move forward in good faith to the overall better good that is out there. Seriously, get yourself something better and make sure that you’re doing what is right for you and your family. If you’re looking for United Health Insurance, you’re luck, they are there waiting with open arms and simple terms so that you can understand your policy and make sure life is sweeter than the rest. If you’re interested in United Health Insurance, good for you, they are ready to help. You need to make sure you get the right coverage at the right price, which is impressive in these modern times, because there are so many brilliant things out there that can be said in regards to the greater good that exists overall. If you’re looking forward to getting coverage, than help is on the way. United Health Insurance is not some fly by night operation out there. It’s important to remember that overall. You need to remember that your health and that of your family is important in a lot of different ways. Health insurance is important to everyone, and if you’re not getting the right plan, you’re going to kick yourself when the chips are down and you need help.
Article Source: http://www.articlesbase.com/insurance-articles/united-health-insurance-to-the-rescue-1302150.html
About the Author:
Please follow the links for exclusive special offers on united health insurance and united health care insurance .
Friday, October 2, 2009
CPA
All organizations, whether private, public, or non-profit, need to prepare financial statements on their performance to provide fiscal accountability and accuracy to their stakeholders and people with an interest in the company. Reviewed financial statements provides limited assurance that the financial statements are free of material misstatements or false/missing information and are found to be accurate, complete and fairly presented to meet the
What are Reviewed Financial Statements?
Author: Neil Rischall
All organizations, whether private, public, or non-profit, need to prepare financial statements on their performance to provide fiscal accountability and accuracy to their stakeholders and people with an interest in the company. Financial statements enable management to make business decisions, enable creditors to evaluate loan applications, and provide individuals with information to make investment decisions. Financial statements provide information from an organization’s accounting documents about their economic resources and obligations on a specific date, as well as their financial activities over a period of time. Financial statements are usually prepared in accordance with Generally Accepted Accounting Principles (GAAP), which are the standards issued by the American Institute of Certified Public Accountants (AICPA), but they may also be prepared on other comprehensive basis of accounting, such as cash basis or tax basis, depending on the needs of the users of the financial statements. The middle level of assurance in regards to financial statements is reviewed financial statements . A Certified Public Accountant (CPA) must obtain a reasonable basis for expressing limited assurance that the financial statements meet the requirements of the US GAAP are free of material misstatements or false/missing information. To perform the review, the CPA must obtain a general understanding of: the organization’s industry as well as information about their operations, products, and services, their accounting records, qualifications of their accounting personnel, the accounting basis on which the financial statements are presented, and the form and content of the financial statements. The auditor then reviews the information supplied by the client and makes specific inquiries relating to accounting policies, record keeping and accounting practices, actions of the Board of Directors, and changes in business activities. The specific inquiries required to perform a review should address the following areas: related party transactions; accounting policies, problems, and areas of greater risk; uncertainties, contingent, current and long-term liabilities and assets; qualifications of accounting personnel and division of accounting duties; inventory; any departures from GAAP; revenues, expenses, accounts receivable, cash and equity accounts, and investments; and property, plant, and equipment assets and liabilities. The auditor then applies various analytical procedures to identify unusual items or trends in the financial statements that may need explanation. If any material errors or misstatements are noted, the CPA will discuss these items with the organization's management for clarification or adjustments to the financial statements. Upon completion of a review, the CPA will issue a report that provides limited assurance that the financial statements are free of material misstatements or false/missing information and are found to be accurate, complete and fairly presented to meet the requirements of the US GAAP. Since the financial statements were reviewed and not audited, no opinion about their nature is expressed. The report also notes that the financial statements are a representation of management. Reviewed financial statements can also be done on Other Comprehensive Basis of Accounting (OCBOA), such as a tax or cash basis, as long as the basis used is documented in the report.
Article Source: http://www.articlesbase.com/accounting-articles/what-are-reviewed-financial-statements-1291090.html
About the Author:
Neil Rischall is the CPA behind the CPABookkeepers site which has a wealth of information about audited financial statements as well as all services provided by a Certified Public Accountant .
What are Reviewed Financial Statements?
Author: Neil Rischall
All organizations, whether private, public, or non-profit, need to prepare financial statements on their performance to provide fiscal accountability and accuracy to their stakeholders and people with an interest in the company. Financial statements enable management to make business decisions, enable creditors to evaluate loan applications, and provide individuals with information to make investment decisions. Financial statements provide information from an organization’s accounting documents about their economic resources and obligations on a specific date, as well as their financial activities over a period of time. Financial statements are usually prepared in accordance with Generally Accepted Accounting Principles (GAAP), which are the standards issued by the American Institute of Certified Public Accountants (AICPA), but they may also be prepared on other comprehensive basis of accounting, such as cash basis or tax basis, depending on the needs of the users of the financial statements. The middle level of assurance in regards to financial statements is reviewed financial statements . A Certified Public Accountant (CPA) must obtain a reasonable basis for expressing limited assurance that the financial statements meet the requirements of the US GAAP are free of material misstatements or false/missing information. To perform the review, the CPA must obtain a general understanding of: the organization’s industry as well as information about their operations, products, and services, their accounting records, qualifications of their accounting personnel, the accounting basis on which the financial statements are presented, and the form and content of the financial statements. The auditor then reviews the information supplied by the client and makes specific inquiries relating to accounting policies, record keeping and accounting practices, actions of the Board of Directors, and changes in business activities. The specific inquiries required to perform a review should address the following areas: related party transactions; accounting policies, problems, and areas of greater risk; uncertainties, contingent, current and long-term liabilities and assets; qualifications of accounting personnel and division of accounting duties; inventory; any departures from GAAP; revenues, expenses, accounts receivable, cash and equity accounts, and investments; and property, plant, and equipment assets and liabilities. The auditor then applies various analytical procedures to identify unusual items or trends in the financial statements that may need explanation. If any material errors or misstatements are noted, the CPA will discuss these items with the organization's management for clarification or adjustments to the financial statements. Upon completion of a review, the CPA will issue a report that provides limited assurance that the financial statements are free of material misstatements or false/missing information and are found to be accurate, complete and fairly presented to meet the requirements of the US GAAP. Since the financial statements were reviewed and not audited, no opinion about their nature is expressed. The report also notes that the financial statements are a representation of management. Reviewed financial statements can also be done on Other Comprehensive Basis of Accounting (OCBOA), such as a tax or cash basis, as long as the basis used is documented in the report.
Article Source: http://www.articlesbase.com/accounting-articles/what-are-reviewed-financial-statements-1291090.html
About the Author:
Neil Rischall is the CPA behind the CPABookkeepers site which has a wealth of information about audited financial statements as well as all services provided by a Certified Public Accountant .
Tuesday, September 22, 2009
types rollover
Can I roll my 401k to a Roth IRA? Discuss how to rollover the 401k, the IRA rules and requirements for the rollover and the types of IRA rollovers. What is a direct rollover? What is an indirect rollover? Penalties when you indirectly roll your 401k over to a Roth IRA.
Can I roll my 401k to a Roth IRA?
Author: Rocco Beatrice
Can I Roll My 401(k) to a Roth IRA: The commonly asked question In many cases, an employer will offer a retirement savings plan such as a 401(k). If you ever leave that job, you will have to make a decision regarding your 401(k). You can cash it out and take what is in the account, minus taxes, but this is not advised. So this leaves the question, can I roll my 401(k) to a Roth IRA? The answer is yes, and for most individuals, it is probably the best thing to do. If you decide to do the rollover, you must have a Roth IRA account. If you do not currently have one, you will need to open a new account before performing the rollover. Types of Rollovers: Direct Rollover / Indirect Rollover When dealing with a 401(k) plan, there are two types of rollovers to choose from. The first is a direct rollover. This is usually the best option. With a direct rollover, the funds from your 401(k) will simply be sent over to the Roth IRA account. The only requirement is that you already have an open Roth IRA account. With this type of rollover, you should not incur any IRA penalties or withholding taxes when performing the rollover. It is a simple matter of transferring the funds from one account to the other. The other type of rollover is indirect. This can be more complicated. You may have been trying to find the answer to whether you can roll your 401(k) over to a Roth IRA. Now that you have determined that is possible, you may have wasted some valuable time. An indirect rollover occurs when there were distributions made from the 401(k). Simply put, you would have received a check for the amount from your 401(k) account. If you do receive a check, you will notice that the amount will be less 20% for taxes. This is where things can get complicated. In order to abide by IRA rules, the rollover must consist of the entire amount that was in your 401(k). For example, if you had $100,000 in the account, you would have gotten a check for $80,000. Now, when you go to perform the rollover, you must find a way to come up with that 20%! That means it is your responsibility to find $20,000 to make up the difference. There is no need to panic too much because as long as you follow the rules, you will get the 20% back when you file your income taxes at the end of the year. In addition to the 20% issue, you also have a time frame in which you must make the rollover complete. From the date the funds are distributed from the 401(k), you will have 60 days to complete the rollover. If you do not already have a Roth IRA account open, you will need to open a new account and make up that 20% that was lost to taxes. The rollover must be completed within 60 days. Requirements for a Roll over from 401k to Roth IRA Now that you have determined that you can roll your 401(k) to a Roth IRA, you must make sure that you will meet the eligibility guidelines for the Roth IRA. Of course, if you already have a Roth IRA, you do not need to worry about this. However, if you have to open a new Roth IRA, you must be aware of the Roth IRA rules. The most important factor is your income. Currently, in order to be eligible for a Roth IRA, your adjusted gross income cannot exceed $120,000 per year. If you exceed this amount, you will not be able to open a Roth IRA account. If you do lose your job and have to rollover your 401(k), an IRA retirement account is your best option. A direct rollover is preferred, but it is not always possible. The process of rolling over your 401(k) to a Roth IRA is not complicated as long as you abide by IRA rules.
Article Source: http://www.articlesbase.com/investing-articles/can-i-roll-my-401k-to-a-roth-ira-1258792.html
About the Author:
Best IRA Rescue provides services on your IRA investments and traditional IRA and will help you reduce your inherited and beneficiary independent retirement account taxes in your estate assets. Roth on ROIDS is your advanced Roth IRA retirement planning strategy and one of the best IRA tax-savings strategies with benefits of a guaranteed death benefit, guaranteed principal, tax-free growth, and tax-free distributions from policy loans.
Contact us if you have any questions on your IRA retirement planning. Roth IRA Can I Roll My 401k to Roth IRA
Boston, MA: 71 Commercial Street #150 Boston, MA 02109
California: 543 Victoria Ste. J, Costa Mesa, CA 92627
toll-free: 888-93ULTRA (888-938-5872)
tel: +1.508.429.0011
fax: +1.508.429.3034
Can I roll my 401k to a Roth IRA?
Author: Rocco Beatrice
Can I Roll My 401(k) to a Roth IRA: The commonly asked question In many cases, an employer will offer a retirement savings plan such as a 401(k). If you ever leave that job, you will have to make a decision regarding your 401(k). You can cash it out and take what is in the account, minus taxes, but this is not advised. So this leaves the question, can I roll my 401(k) to a Roth IRA? The answer is yes, and for most individuals, it is probably the best thing to do. If you decide to do the rollover, you must have a Roth IRA account. If you do not currently have one, you will need to open a new account before performing the rollover. Types of Rollovers: Direct Rollover / Indirect Rollover When dealing with a 401(k) plan, there are two types of rollovers to choose from. The first is a direct rollover. This is usually the best option. With a direct rollover, the funds from your 401(k) will simply be sent over to the Roth IRA account. The only requirement is that you already have an open Roth IRA account. With this type of rollover, you should not incur any IRA penalties or withholding taxes when performing the rollover. It is a simple matter of transferring the funds from one account to the other. The other type of rollover is indirect. This can be more complicated. You may have been trying to find the answer to whether you can roll your 401(k) over to a Roth IRA. Now that you have determined that is possible, you may have wasted some valuable time. An indirect rollover occurs when there were distributions made from the 401(k). Simply put, you would have received a check for the amount from your 401(k) account. If you do receive a check, you will notice that the amount will be less 20% for taxes. This is where things can get complicated. In order to abide by IRA rules, the rollover must consist of the entire amount that was in your 401(k). For example, if you had $100,000 in the account, you would have gotten a check for $80,000. Now, when you go to perform the rollover, you must find a way to come up with that 20%! That means it is your responsibility to find $20,000 to make up the difference. There is no need to panic too much because as long as you follow the rules, you will get the 20% back when you file your income taxes at the end of the year. In addition to the 20% issue, you also have a time frame in which you must make the rollover complete. From the date the funds are distributed from the 401(k), you will have 60 days to complete the rollover. If you do not already have a Roth IRA account open, you will need to open a new account and make up that 20% that was lost to taxes. The rollover must be completed within 60 days. Requirements for a Roll over from 401k to Roth IRA Now that you have determined that you can roll your 401(k) to a Roth IRA, you must make sure that you will meet the eligibility guidelines for the Roth IRA. Of course, if you already have a Roth IRA, you do not need to worry about this. However, if you have to open a new Roth IRA, you must be aware of the Roth IRA rules. The most important factor is your income. Currently, in order to be eligible for a Roth IRA, your adjusted gross income cannot exceed $120,000 per year. If you exceed this amount, you will not be able to open a Roth IRA account. If you do lose your job and have to rollover your 401(k), an IRA retirement account is your best option. A direct rollover is preferred, but it is not always possible. The process of rolling over your 401(k) to a Roth IRA is not complicated as long as you abide by IRA rules.
Article Source: http://www.articlesbase.com/investing-articles/can-i-roll-my-401k-to-a-roth-ira-1258792.html
About the Author:
Best IRA Rescue provides services on your IRA investments and traditional IRA and will help you reduce your inherited and beneficiary independent retirement account taxes in your estate assets. Roth on ROIDS is your advanced Roth IRA retirement planning strategy and one of the best IRA tax-savings strategies with benefits of a guaranteed death benefit, guaranteed principal, tax-free growth, and tax-free distributions from policy loans.
Contact us if you have any questions on your IRA retirement planning. Roth IRA Can I Roll My 401k to Roth IRA
Boston, MA: 71 Commercial Street #150 Boston, MA 02109
California: 543 Victoria Ste. J, Costa Mesa, CA 92627
toll-free: 888-93ULTRA (888-938-5872)
tel: +1.508.429.0011
fax: +1.508.429.3034
Wednesday, September 16, 2009
credit repair
If you are starting your credit repair journey be sure to set out armed with knowledge, patience and determination. Victory will be yours.
Credit Repair Red Letter Days
Author: Ian Webber
Credit Repair Dollars and Cents Credit repair can have a uniquely measurable payoff. In fact, never before has quality of your credit so quickly translated into dollars and cents. Virtually all of the credit market sectors, from credit card issuers to mortgage lenders are now pricing on a risk basis. This means that every single point on your credit score means more money in your pocket. Higher credit scores mean lower interest rates on every loan you are approved for. You Will Be Victorious A small investment in credit repair today can easily generate a return of tens of thousands of dollars over time. If you have any credit issues whatsoever, you simply cannot justify inaction. If you are afraid of confronting your credit report now is the time to overcome your fear. If you are intimidated by the credit bureaus, now is the time to stand up for your rights. If you are worried that your credit repair will rouse collectors from their docile repose, worry not. Put knowledge and the law on your side and you will emerge victorious. A Dose of Reality You should start your credit repair adventure with a dose of reality about the organizations you will be confronting in your search for credit accuracy, the credit bureaus. The credit bureaus have no governmental status or charter. They are business like any other for-profit corporation. And, although they do a decent job of managing data files on over 200 million Americans each, they are more focused on profitability than the perfection of your credit report. In fact, the entire credit repair dispute process is a real thorn in their side, which they administer reluctantly and in as minimalistic a manner as possible. The Role of Patience in Credit Repair Understanding the modus operandi of the credit bureaus should also give you the understanding of the need for patience. Your disputes may fall through the cracks. And this may happen more than once on the road to credit repair success. But you will reach your goal if you keep on plugging along. There is no need to get riled up about inadequate dispute processing on the part of the bureaus, nor will it do anything except raise your blood pressure. Keep your eyes on the prize. If you do not get the result you need, stay focused and send another round of concise dispute letters right back out again. Sharpen Your Pencil Understanding the lax nature of the credit reporting system must also illuminate your perception of the content of your own credit report. Given the importance, and potential financial impact of every single point on your credit score, you must look at your reports with a skeptical eye. No longer should you believe blindly in the content of your report. Question everything. Here are some of the most common errors that people uncover when they begin their credit repair in earnest; underreported revolving limits, closed accounts reported as open, paid accounts reported with a balance, and duplicate accounts. All of these sneaky little errors can hurt your scores and cost you money. When in Doubt, Dispute Another area that you should pay close attention to in your credit repair endeavor is the collection section. Collectors are easily the most blatant reporting offenders. Collectors purchase and sell collection accounts on a regular basis. Many collectors will give up on an account within six months if they cannot collect. They then sell the account to another collector who will try his luck. By law, when a collector sells an debt to another collector or returns it to the original creditor they must extract their own account from your credit report. Unfortunately, there is no motivation for them to comply with this law. On the contrary, since there is no penalty for non-compliance it only represents extra work. Examine all collection accounts with a critical eye. When in doubt dispute! Credit Repair Assistance Many people are just too busy to learn the credit repair process, or to keep track of the ongoing disputes and re-disputes that are necessary to continue in an organized and successful manner. The job requires patience, time, and knowledge. If you cannot manage it on your own do not despair, you can hire a professional credit repair service to do it for you. They will insure that the job is done completely and done right. Whatever path you choose you should start your credit repair journey today. Your credit matters. Copyright © 2009 Ian Webber. All Content. All Rights Reserved.
Article Source: http://www.articlesbase.com/credit-articles/credit-repair-red-letter-days-1238461.html
About the Author:
Ian Webber is an expert in consumer law and credit repair. Ian is a graduate of the London School of Economics and The University of Chicago where he earned his LLM. Ian consults with one of the leading online credit repair services and is currently based in Florida.
Credit Repair Red Letter Days
Author: Ian Webber
Credit Repair Dollars and Cents Credit repair can have a uniquely measurable payoff. In fact, never before has quality of your credit so quickly translated into dollars and cents. Virtually all of the credit market sectors, from credit card issuers to mortgage lenders are now pricing on a risk basis. This means that every single point on your credit score means more money in your pocket. Higher credit scores mean lower interest rates on every loan you are approved for. You Will Be Victorious A small investment in credit repair today can easily generate a return of tens of thousands of dollars over time. If you have any credit issues whatsoever, you simply cannot justify inaction. If you are afraid of confronting your credit report now is the time to overcome your fear. If you are intimidated by the credit bureaus, now is the time to stand up for your rights. If you are worried that your credit repair will rouse collectors from their docile repose, worry not. Put knowledge and the law on your side and you will emerge victorious. A Dose of Reality You should start your credit repair adventure with a dose of reality about the organizations you will be confronting in your search for credit accuracy, the credit bureaus. The credit bureaus have no governmental status or charter. They are business like any other for-profit corporation. And, although they do a decent job of managing data files on over 200 million Americans each, they are more focused on profitability than the perfection of your credit report. In fact, the entire credit repair dispute process is a real thorn in their side, which they administer reluctantly and in as minimalistic a manner as possible. The Role of Patience in Credit Repair Understanding the modus operandi of the credit bureaus should also give you the understanding of the need for patience. Your disputes may fall through the cracks. And this may happen more than once on the road to credit repair success. But you will reach your goal if you keep on plugging along. There is no need to get riled up about inadequate dispute processing on the part of the bureaus, nor will it do anything except raise your blood pressure. Keep your eyes on the prize. If you do not get the result you need, stay focused and send another round of concise dispute letters right back out again. Sharpen Your Pencil Understanding the lax nature of the credit reporting system must also illuminate your perception of the content of your own credit report. Given the importance, and potential financial impact of every single point on your credit score, you must look at your reports with a skeptical eye. No longer should you believe blindly in the content of your report. Question everything. Here are some of the most common errors that people uncover when they begin their credit repair in earnest; underreported revolving limits, closed accounts reported as open, paid accounts reported with a balance, and duplicate accounts. All of these sneaky little errors can hurt your scores and cost you money. When in Doubt, Dispute Another area that you should pay close attention to in your credit repair endeavor is the collection section. Collectors are easily the most blatant reporting offenders. Collectors purchase and sell collection accounts on a regular basis. Many collectors will give up on an account within six months if they cannot collect. They then sell the account to another collector who will try his luck. By law, when a collector sells an debt to another collector or returns it to the original creditor they must extract their own account from your credit report. Unfortunately, there is no motivation for them to comply with this law. On the contrary, since there is no penalty for non-compliance it only represents extra work. Examine all collection accounts with a critical eye. When in doubt dispute! Credit Repair Assistance Many people are just too busy to learn the credit repair process, or to keep track of the ongoing disputes and re-disputes that are necessary to continue in an organized and successful manner. The job requires patience, time, and knowledge. If you cannot manage it on your own do not despair, you can hire a professional credit repair service to do it for you. They will insure that the job is done completely and done right. Whatever path you choose you should start your credit repair journey today. Your credit matters. Copyright © 2009 Ian Webber. All Content. All Rights Reserved.
Article Source: http://www.articlesbase.com/credit-articles/credit-repair-red-letter-days-1238461.html
About the Author:
Ian Webber is an expert in consumer law and credit repair. Ian is a graduate of the London School of Economics and The University of Chicago where he earned his LLM. Ian consults with one of the leading online credit repair services and is currently based in Florida.
Tuesday, September 15, 2009
credit
Haven't you ever been curious about how you can receive credit cards and loans? The amount of credit of credit that you have reflects a certain score. If you have a decent credit score chances are you are good at paying bills on time as well as paying off your loans. In order to find out the state of your credit, an instant credit report is going to be needed.
Benefits Of An Instant Credit Report
Author: Andy ZainHaven't you ever been curious about how you can receive credit cards and loans? The amount of credit of credit that you have reflects a certain score. If you have a decent credit score chances are you are good at paying bills on time as well as paying off your loans. In order to find out the state of your credit, an instant credit report is going to be needed.
Some people think that having a credit report is not going to really make a difference. Due to the technology that we use today, hackers are all over the place trying to get as much personal information from you as possible. If you are not using the right tools to keep track of it all, you are asking for theft.
Money must be spent if you want to have the top-notch services. Of course you will only invest a small amount of money on a yearly basis in order to get these great services. Once you find the right site you can get your credit report uploaded in minutes and then you can work from there.
After you decide that you would like to sign up with a site make sure that you are receiving the proper tools. If you want to know if anything changes on your site at any time, then choose a site that will send out simple email updates. This is a great way to find out if anyone is trying to steal your identity.
When you are looking around for a credit report site it is important that you save time by choosing a site that fits your criteria. Search by price, services, tools just about anything. Once you find the site that you want to use all you need to do is sign up and go!
A trial period is great for those who are not sure about making a commitment. These are even great even if you just want to view your credit report. You can sign up for free and after two weeks you will have the option of signing up with the site on a monthly or yearly subscription.
It is important to keep track of your credit and your credit score. Make sure that you choose a site that will give you an instant credit report. After filling out all of your needed information you will have a report to go over in less than 2 minutes!
For tips on how to get a copy of credit report and view credit report , visit Online Credit Report
Article Source: ArticlesBase.com - Benefits Of An Instant Credit Report
Sunday, September 13, 2009
Scholarships
If you are a single mother and want to go back to school, you are not only the one who is searching for that. In fact after people came to know about Obama's scholarships for moms, many mothers who had to leave their studies in between due to family responsibilities are searching for this option. It is like their dream come true because what they could not few years back they have that chance to do once again and that too without wasting any money.
If you are a single mother and want to go back to school, you are not only the one who is searching for that. In fact after people came to know about Obama's scholarships for moms, many mothers who had to leave their studies in between due to family responsibilities are searching for this option. It is like their dream come true because what they could not few years back they have that chance to do once again and that too without wasting any money.
Obama's Scholarship Single Mother
Author: Tiffany NelsonsIf you are a single mother and want to go back to school, you are not only the one who is searching for that. In fact after people came to know about Obama's scholarships for moms, many mothers who had to leave their studies in between due to family responsibilities are searching for this option. It is like their dream come true because what they could not few years back they have that chance to do once again and that too without wasting any money.
As a mother, I know how hard it is to go back to school so I did some research for you.
Click here to register for a chance to win $10,000 to go back to school to be financial independent.Article Source: ArticlesBase.com - Obama's Scholarship Single Mother
Wednesday, September 9, 2009
economic recession
Unfortunately, when it comes to economic recession, history becomes clouded based on your political beliefs. The question I wish to answer is whether or not economic recessions and their severity have been at all shortened by the intrusion of government into a country’s economic life
Economic Recession – Does history support Obama
Author: Richard StoyeckUnfortunately, when it comes to economic recession, history becomes clouded based on your political beliefs. The question I wish to answer is whether or not economic recessions and their severity have been at all shortened by the intrusion of government into a country’s economic life. As it pertains to our current situation, the question becomes whether or not President Obama and the Congress spending $800 billion in fiscal stimulus will get the job done? Will it shorten the recession, or perhaps even make it worse?
If you listen to the politicians and the talking heads on television, I personally guarantee one thing, they all lie and distort reality. The commentators on television understand nothing. They are neither intelligent nor informative, because they are not picked for those qualities. Television is about entertainment, and has nothing to do with giving you the news. If it did, there would be more people like Walter Cronkite, or Eric Sevareid, and others as opposed to mediocre people like Katie Couric.
If you are to understand the economy, than you must understand economics and history. This is where we are at right now. President Obama has spent about $120 billion of the stimulus money that was provided. This is equal to about 1% of the Gross Domestic Product of this country. It’s actually less than 1%. When you look at the $120 billion, about $53 billion of that number went to tax cuts which are temporary in nature. Some of it went to Medicaid expenditures, food stamps and as you can imagine unemployment benefits.
The President talked a big game about highway construction and bridges, but as far as actual expenditures, that number is about a billion dollars, yes, one billion dollars. There is committed money for the future, but you can’t eat the future, and that money needs to be spent today, not two years from now.
There is a notion flying around that when the Great Depression began back in 1929, the government cut spending as opposed to what the Keynesians would do, which is expand spending. I have read this everywhere. When one checks the truth however, former President Hoover did not slash spending during his Administration which went from 1929 until the beginning of 1933. Spending was up 6% in 1930, over 7% in 1931, and 30% plus in 1932. Keep in mind that prices were collapsing during those years, which means that government spending was much bigger than the numbers I just provided you.
The average recession during the 42 year period from 1887 until 1929 lasted about 10 months. If you look at the additional 42 year period from 1887 until 1929, there was only one that lasted as long as 16 months. There was not government intervention during either of these periods, and there was no Federal Reserve Board either. The Fed was created by Act of Congress in 1913 under Woodrow Wilson.
Objectively it looks like recessions have gotten longer since the 1920’s. The one in 1920 went two years, and then there was a four year one from 1929 until 1933, and then we slipped right back from 1937 until 1938. This occurred in spite of the creation of the Federal Reserve Board and bank.
I now believe that the recession under Presidents Bush and Obama may have ended in August of 2009. We just might have turned, and I do not believe the Congress ended this thing with an $800 billion stimulus package. It ended because the banking system was saved by injecting close to $1 trillion into it which belongs to the American taxpayer. It ended because the American people believe that the system was saved by government intervention, which indeed it was. The full faith and credit of the government of the United States ended it, which means the American people saved the system from going over a cliff. What we must remember is that this is the taxpayer’s money and no one else’s.
For an expanded version of this article and other interesting articles Click Here.
About the Author:
Richard Stoyeck's background includes being a limited partner at Bear Stearns, Senior VP at Lehman Brothers, Arthur Andersen, and KPMG. Educated at Pace University, NYU, & Harvard University, today he runs Rockefeller Capital Partners &
Article Source: ArticlesBase.com - Economic Recession – Does history support Obama
Thursday, September 3, 2009
Bookkeeper
No two firms are exactly the same and, as such, no two firms have the exact same bookkeeping needs and requirements. When you are looking for a bookkeeping firm for your organisation’s accounting needs, make sure you find one that offers customised bookkeeping solutions.
Customised Bookkeeping Solutions
Author: Chris GarnerDifferent firms have radically different business models and, as such, have different bookkeeping needs and requirements.A firm with the primary business of buying and selling monetary instruments needs to have a very clear picture of the company accounts. This is because the very core of the business is predicated on controlling and influencing the flow of money and this is something that needs to conform very strictly to state laws and regulations. The accounts in this sort of situation need to be crystal clear so they can be used at any point in time to illustrate that no illegal transactions have occurred.
In direct opposition to this situation is the example of a firm that deals in a much more tangible product, namely shoes. A shoe company does not necessarily need to have a complete, microscopic view of the company accounts. In this scenario, there is a focus on knowing the inflow and outflow of revenue, value of assets and stock and so on.
In both cases, different business models necessitate different accounting needs. This is exactly why it is important for bookkeeping firms to offer customised solutions to different businesses and organisations.
KPI Bookkeeping is a Melbourne-based firm that can help you significantly reduce your bookkeeping costs. The staff at KPI Bookkeeping are all qualified accountants and have the experience to help you with all of your bookkeeping needs. For more information on Bookkeeping and other related services, please visit the company website at
http://www.kpibookkeeping.com.au. The company has a variety of bookkeeping service options for businesses and Non profit organisations.
About the Author:Chris Garner was an accounting specialist in a reputed company for 8 years. His experience in the accounting field has led to expertise as an accountant. He is also passionate about writing. He combines the two to provide interesting and informative articles.
www.kpibookkeeping.com.au
Article Source: ArticlesBase.com - Customised Bookkeeping Solutions
Tuesday, August 25, 2009
best mortgage deals
Anyone who wants to get a mortgage will be looking for the best possible mortgage deals. Consider the savings you could be receiving. Imagine a savings of $10,000 or better. This is a large investment and you will be happy you did your research. Let us take a look at how to make these savings.
Anyone who wants to get a mortgage will be looking for the best possible mortgage deals. Consider the savings you could be receiving. Imagine a savings of $10,000 or better. This is a large investment and you will be happy you did your research. Let us take a look at how to make these savings. How do you explain the best mortgage deals? The best mortgages are the ones that give you the lowest rate. While this does hold partially true, it would be unwise to leave out the contrary opinion. Though mortgage rates are very important, it is equally necessary to look at other factors. Consider that you may get the best rate, but the charges are very high. This may be more expensive than just accepting a higher rate. I will show you the answers soon. You are probably trying to figure out how to find the best deals on mortgages. They are out there just waiting to be found. Many, however, simply visit the bank where their accounts are, and find the package the bank representative suggests. This is just the beginning, more is needed and for that to happen more research is needed. Since research is what is needed in this case, why not start it? You can go to the bank and receive an offer on an interest rate from that institution. Usually, this is the highest rate. Research leads the way to finding a lower rate. This can be done with the help of advertisements and mortgage brokers or online. Take the time to research and educate yourself about mortgages so you can get the best deal. You can find a number of good deals online fairly quickly. Unless you are looking at a publication with many ads focused solely on mortgages, the advertisements in magazines and on television do not provide all of the information you need to consider. The web is valuable as several websites offer great information and can get you the best rates, or tell you where to find them. Reading personal testimonials will help you avoid getting a bad deal and finding a good one. In the end you will get the best mortgage deals. Savings helps us to get more out of life. The ability to apply online is a benefit that you should take advantage of. Don't forget that with every application, a search request is entered on you FICO score, so you don't want to apply randomly. A great way to find a mortgage deal is to use a mortgage broker, who can help you in so many ways. These companies will have a business relationship with several other lending organizations. They can assist you in finding the best possible package.About the Author:
Are These The Best Mortgage Deals?
Author: Kozsun HuseyinAnyone who wants to get a mortgage will be looking for the best possible mortgage deals. Consider the savings you could be receiving. Imagine a savings of $10,000 or better. This is a large investment and you will be happy you did your research. Let us take a look at how to make these savings. How do you explain the best mortgage deals? The best mortgages are the ones that give you the lowest rate. While this does hold partially true, it would be unwise to leave out the contrary opinion. Though mortgage rates are very important, it is equally necessary to look at other factors. Consider that you may get the best rate, but the charges are very high. This may be more expensive than just accepting a higher rate. I will show you the answers soon. You are probably trying to figure out how to find the best deals on mortgages. They are out there just waiting to be found. Many, however, simply visit the bank where their accounts are, and find the package the bank representative suggests. This is just the beginning, more is needed and for that to happen more research is needed. Since research is what is needed in this case, why not start it? You can go to the bank and receive an offer on an interest rate from that institution. Usually, this is the highest rate. Research leads the way to finding a lower rate. This can be done with the help of advertisements and mortgage brokers or online. Take the time to research and educate yourself about mortgages so you can get the best deal. You can find a number of good deals online fairly quickly. Unless you are looking at a publication with many ads focused solely on mortgages, the advertisements in magazines and on television do not provide all of the information you need to consider. The web is valuable as several websites offer great information and can get you the best rates, or tell you where to find them. Reading personal testimonials will help you avoid getting a bad deal and finding a good one. In the end you will get the best mortgage deals. Savings helps us to get more out of life. The ability to apply online is a benefit that you should take advantage of. Don't forget that with every application, a search request is entered on you FICO score, so you don't want to apply randomly. A great way to find a mortgage deal is to use a mortgage broker, who can help you in so many ways. These companies will have a business relationship with several other lending organizations. They can assist you in finding the best possible package.About the Author:
Do you want to find the best mortgage deals? Visit best mortgage deals for the best deals.
Article Source: ArticlesBase.com - Are These The Best Mortgage Deals?
Friday, August 21, 2009
business grants to overcome losses in capital investment
Recessionary period in America is also a witness to the downturn in the venture capital investment particularly in the digital media industry and others. Any startup company especially in the arena of the digital media has always been looking at the venture capital market to finance their projects but recessionary conditions are now making it almost impossible.
Business Grants To Overcome Downturn In Venture Capital Investments
Author: John GoldmanRecessionary period in America is also a witness to the downturn in the venture capital investment particularly in the digital media industry and others. Any startup company especially in the arena of the digital media has always been looking at the venture capital market to finance their projects but recessionary conditions are now making it almost impossible.
2008 also saw many of the investment projects reduced by considerable degree and digital media companies were forced upon to get settled with very less funding. Though people have the willingness and inclination to increase their share in the business world yet mere idea and a rough business plan is not enough; requirement is a robust business plan, a track record of success and an audience growth in a deep consistent level.
Moreover venture capitalists want companies to more involve in advertising as well as subscription-based revenue models, which in turn could be costly venture. For the investment, criteria to meet are also very strict.
From this we can assume that companies more than suffering from the credit crisis are experiencing value crises and the same is true with the digital media but there is way out in the form of business grants being offered by government. Besides, despite of the recession, venture capitalists still have funds for investments and are ready to put into the investment projects with very little expectations of return. With the help of the business grants, start up companies can show their proven track record, their willingness for growth and good returns and propose good projects with the expectations of good returns thus luring venture capitalists to make investments.
Centuries behold us craving as a hard working person with one hope that one-day godfather will come to pick us up from dilemma of our today’s life. This hope a businessman can attain with the help of venture capitalists but these venture capitalists will only invest in your company if you have shown your potential for giving quick returns and this is only possible if first you yourself have finance to invest in the daily operations of your company like buying of space and inventory, proper management, retaining good staff, and over and above your goals.
To attract venture capitalists, you also should show your potentials of being an entrepreneur with craving for latest technological and scientific developments. Venture capitalists also shortlist those businessmen who have been in operation since last five years and only required finance to set their goals at higher level.
But not every businessman can attain this as maintaining the infrastructure is also a much costly affair and you may face a financial crunch but you can overcome the same if you avail the opportunity of government grants. Therefore these government grants directly give direction towards achievement of your goals and indirectly clear your road to reach at venture capitalists investment propositions.
John Goldman is one of the foremost advisors in matters relating to Government Grants and Financial Aid. To learn more about government grants and how to apply for them visit the Government Grant USA website
Article Source: ArticlesBase.com - Business Grants To Overcome Downturn In Venture Capital Investments
Tuesday, August 18, 2009
send money online
Cell phones with Internet access, especially Smartphones, have made it easier than ever to send money online. The popularity of organizing and dealing with finances online has only soared higher with the rise of Smartphones and cell phone Internet use in general.
The Popularity of the Ability to Send Money Online May Be Attributed to Smartphones
Author: Jason KarpWith the advent of ways to transfer money online easily, and the addition of the Internet to nearly every cell phone, it is no wonder that many people now send money from their phones. However, the ability to send money online to friends and family from anywhere could be helping to increase the growth of the very idea of mobile finance. The fact that cell phone sales are up even in this economy, as well as an interest in mobile banking, could be an indication that the two are related to each other. The ability to get online fast using Smartphones enables people to perform tasks like transferring money at any time, which is certainly good for the mobile finance industry.
Smartphones have grown in popularity due to their ease of use when it comes to the Internet, as well as fast web services that come with many, such as 3G networks. Studies have shown that most people do not get online through their phone anymore just to play a game or message a friend. Instead, they perform everyday tasks that they would normally do at their computer. Long commutes home from work, slow-moving lines at lunch, and the simple convenience of the cell phone all help contribute to the growing interest in completing myriad tasks through it. The faster the service can be performed, such as the ability to send money online, the better.
Clearly, having a fast Internet connection on a mobile device is convenient for everyone. People do not have to wait to get home to check their bank account balance, pay credit card bills, apply for new cards, and send money online, whether to other businesses or friends in need. Apparently, most Smartphone owners appreciate this, as they are using this convenience more than ever. In fact, there is a new term for using financial services from a phone: mBanking.
Those investigating the issue predict that mBanking will soon become as popular as e-banking, or banking from a computer, has become. There is even a specific term for making a money transfer from a phone: mMoneyTransfer. It is just as it sounds, as people can use their phone to send money online to their friends and families. Soon, this could be considered commonplace, just as we currently assume that every bank has online services that can be accessed from a computer.
Researchers claim that banks and other financial companies that already have Internet services will have a head start when it comes to consumers using them on their cell phone. The better the user interface and the more streamlined the services, the easier consumers will find the website to use. Eventually, it will be expected that nearly every task that can be performed on a desktop computer can also be completed using a mobile phone. Cell phones with more complex features and faster Internet services than ever before will help this plan come to fruition.
About the Author:For more information visit a
www.atmcash.com/send-money.htm">send money or visit the www.atmcash.com/">www.atmcash.com/">https://www.atmcash.com/ home page for information on sending money almost anywhere in the world.
Article Source: ArticlesBase.com - The Popularity of the Ability to Send Money Online May Be Attributed to Smartphones
Monday, August 17, 2009
improve credit
No matter what your credit score actually is, there is always room to move up and ways to improve your credit score.
Ways to Improve Credit Score
Author: Jennifer QuilterNo matter where you fall on the scale there are ways to improve credit score that can make a real difference in your options.
The first thing you want to do is get a copy of your credit report, which you can do free online. This won't include your rating, they are different things, but your rating is calculated based on the info in your report.
Look over your report for any errors. Accounts you paid marked as open or overdue, incorrect credit limits on your cards, or items over seven years old that are still on your report because they should have fallen off. Call the appropriate companies and try to have these things fixed.
If there are any late payments that you made a while back with a company that you are still doing business with and have since always been on time you can ask for a “good will adjustment”. You usually need to write a letter to the company to do this. They basically forgive the late payment, which helps clean up your report.
Even without actually fixing things there are ways to improve credit score.
Probably the biggest thing you can do is pay down your card balances. An important factor is the amount of credit available to you versus the amount you are using. Having low balances on your cards helps with this a lot.
As a general rule it is good to use less than 30% of your limit each month and pay the balance in full each month. This is a good habit to get into, both for your score and to keep you out of getting into debt.
Another factor is the age of your accounts. It helps to establish a long history of healthy financial behavior. If you have any old accounts that are still open, but you haven't used them in a while, dust them off. Use them lightly as I explained above.
These things will give you a quick boost short term, but when done over a long period can have a huge effect. Follow these regularly as ways to improve credit score constantly.
About the Author:For more information on the Credit Score Scale and what all those numbers mean, check out the Credit Score Range.
Article Source: ArticlesBase.com - Ways to Improve Credit Score
Saturday, August 15, 2009
Credit score
There are a few reasons why you might not have gotten approved for you mortgage loan. There are also a few things that you might be able to do that will help you get approved next time. The bank considers many different things when approving or disapproving a mortgage loan.
Is My Credit Score The Reason Why I Didn't Get Approved For My Mortgage Loan?
Author: Chris BellThere are a few reasons why you might not have gotten approved for you mortgage loan. There are also a few things that you might be able to do that will help you get approved next time. The bank considers many different things when approving or disapproving a mortgage loan. Yes, banks are very large corporations, but they also want to make sure they’re leaving their money in good hands. A bank is a business created to make money and they make money on interest. Therefore, if people like you and me don’t pay them back, or get stuck in a foreclosure, then the bank looses money.
Here are some reasons why you may not have been approved for your mortgage loan.
1. You http://www.thefreemortgagecalculator.com/Credit_Score.html”">Credit Score came back to low. You should want your credit score in the range of 650-800. A credit score of 650 is still a little low and you’d like it to be over 700 for a no hassle loan approval, but we aren’t all perfect and the bank knows that. In order to raise your credit score you need to keep paying everything on time. It has to be built over time by getting credit cards and always paying them on time, or auto loans, college loans etc.
2. Too low of a debt to income ratio. The bank will check your debt to income ratio and it needs to be below 35-40%. That means your monthly bills can only be 35% of your monthly gross income. That 35% includes the new mortgage or loan you’re looking to acquire.
3. Your borrowing power may have been too low. The bank determines your borrowing power based on your debt to income ratio. If you can afford $1,500 per month and you’re asking to be approved for $200,000, then your monthly payment, including taxes and insurance, will be much higher than $1,500 per month. I suggest using a mortgage calculator to figure out how much your http://www.thefreemortgagecalculator.com/Monthly_Mortgage_Payment.html”">Monthly Payment will be based on your debt to income ratio.
4. You down payment, or amount you have in the bank may be too low. Like I said before, the bank is in business to make money. In this economy, would you loan someone $200,000 to buy a home with only $5,000 for a down payment and nothing else in the bank? Probably not. Why? Because if they don’t pay their mortgage payment then you might have to foreclose on them (kick them out and sell the home to get your money back). Then, even if you sell the home for $200,000 you need to pay 5% in real estate commission which is $10,000. So you lost $5,000 on that deal, and that’s assuming you can get the $200,000 in this economy!
Those are a few of the basic reasons a bank might not approve your http://www.thefreemortgagecalculator.com/index.html”">Mortgage Loan. The banks make a lot of money on the people who stay in their home for years and pay on time every month. However, like credit card companies, banks have very tough times and need people to pay every month on time. Keep improving that credit score, paying those bills on time and saving money to get a bigger down payment so that you can get a step closer to buying a home.
This article is brought to you by www.thefreemortgagecalculator.com. I teach you about your http://www.thefreemortgagecalculator.com/Credit_Score.html”">Credit Score and how to improve your http://www.thefreemortgagecalculator.com/mortgage_borrowing_power.html”">Borrowing Power. You will also need to figure out your http://www.thefreemortgagecalculator.com/Debt_Income_Ratio.html”">Debt To Income Ratio. Both are very important to know when buying a home.
Article Source: ArticlesBase.com - Is My Credit Score The Reason Why I Didn't Get Approved For My Mortgage Loan?
Cheap Boat Insurance
If you can get things easily, you might do so. If you can get cheap boat insurance easily, there’s no harm in heading that route. Whether you own a boat that is tied to a dock or you have it stored in your trailer, you need to get your hands on cheap boat insurance as soon as possible.
How To Find Cheap Boat Insurance
Author: Ricky Lim
If you can get things easily, you might do so. If you can get cheap boat insurance easily, there’s no harm in heading that route. Whether you own a boat that is tied to a dock or you have it stored in your trailer, you need to get your hands on cheap boat insurance as soon as possible. Your boat is an investment and you want to make sure that it is covered. It is like a house or a car. It is an asset and it definitely needs insurance. You want to be covered just in case something happens to it. You can easily secure cheap boat insurance by going online. Because of the demand for insurance right now, you will realize that you are just one in a million of investors who are thinking of investing their hard-earned cash in insuring their boat. So if you head out to the open water altogether, you are all covered. It’s true what they say about insurance. It is better that you have it and not need it, than need it but not have it. There are a number of cheap boat insurance quotes to choose from. These sites contribute a lot to the public who wants to insure their boat because they pretty much get an idea of how much this move will cost them. They also get a preview of the plans out there. The best insurance providers are those that have no qualms in stating the costs of the plans they provide their clients and their potential clients. Another sign that the insurance provider is one of the best in the business is when the reviews on their plans are positive. Words of their clients also play an important factor. If you look at cheap boat insurance quotes, chances are you will see links to the webpage of these insurance providers. Seize your chance and click on the link so you can see the testimonials from the clients. If you are wondering about the discounts that come with the cheap boat insurance , you shouldn’t wonder anymore because the quotes that you check out will easily give you the answers that you are looking for. You can also compare these with the other plans that you are considering. If you can get insurance at a cheaper rate, why should you invest in insurance that are available to you at the general price? The money that you save for getting cheap boat insurance can be used on other things. You can use this to get something for your boat.
Article Source: http://www.articlesbase.com/insurance-articles/how-to-find-cheap-boat-insurance-1129425.html
About the Author:
Discover where to buy cheap boat insurance online. Learn where to get cheap boat insurance quotes online.
How To Find Cheap Boat Insurance
Author: Ricky Lim
If you can get things easily, you might do so. If you can get cheap boat insurance easily, there’s no harm in heading that route. Whether you own a boat that is tied to a dock or you have it stored in your trailer, you need to get your hands on cheap boat insurance as soon as possible. Your boat is an investment and you want to make sure that it is covered. It is like a house or a car. It is an asset and it definitely needs insurance. You want to be covered just in case something happens to it. You can easily secure cheap boat insurance by going online. Because of the demand for insurance right now, you will realize that you are just one in a million of investors who are thinking of investing their hard-earned cash in insuring their boat. So if you head out to the open water altogether, you are all covered. It’s true what they say about insurance. It is better that you have it and not need it, than need it but not have it. There are a number of cheap boat insurance quotes to choose from. These sites contribute a lot to the public who wants to insure their boat because they pretty much get an idea of how much this move will cost them. They also get a preview of the plans out there. The best insurance providers are those that have no qualms in stating the costs of the plans they provide their clients and their potential clients. Another sign that the insurance provider is one of the best in the business is when the reviews on their plans are positive. Words of their clients also play an important factor. If you look at cheap boat insurance quotes, chances are you will see links to the webpage of these insurance providers. Seize your chance and click on the link so you can see the testimonials from the clients. If you are wondering about the discounts that come with the cheap boat insurance , you shouldn’t wonder anymore because the quotes that you check out will easily give you the answers that you are looking for. You can also compare these with the other plans that you are considering. If you can get insurance at a cheaper rate, why should you invest in insurance that are available to you at the general price? The money that you save for getting cheap boat insurance can be used on other things. You can use this to get something for your boat.
Article Source: http://www.articlesbase.com/insurance-articles/how-to-find-cheap-boat-insurance-1129425.html
About the Author:
Discover where to buy cheap boat insurance online. Learn where to get cheap boat insurance quotes online.
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