Corporate Tax – A Legal Obligation Of A Company To The State

A company accountant is held responsible for the proper payment of taxes due the State. This makes the function of this accountable officer very crucial and vital. Any mistake in the payment of corporate tax will redound to the business – severe penalty may be imposed on any erring company.

Corporate taxation is also known as company taxation. The taxes on the different business organizations are normally imposed by the federal and also by the state governments. Any firm in operation should pay a corresponding duty to the government and the tax assessment should be made correctly, otherwise severe penalty or even closure can be imposed on the business. It is in the light of this that accountants of the businesses play very vital roles. They see to it that the records are set straight so that correct taxes are computed and paid.

Some business companies have external and internal accountants. This sets the check and balance. This does not mean that the resident accountant is not experienced or trustworthy but this happens to be the trend in any business – especially for big conglomerates. Examination of the prepared tax duties are made for assurance that the amount remitted to the government is not short or not too much.

Regardless of the type and the size of the business being operated, strict compliance to the rules and laws on taxation is imperative. This will pre-empt serious problems that can result to losses for the company. Litigation can be very harmful to the company and litigation can be a result of mishandled tax remittance.

Aside from knowing the business profitability and financial status, computation of tax is included in the big role of accountants. This is also one of the purposes why a complete and correct record of transactions is important. This can yield the correct computation of a precise and correct corporate income tax return. As corporate tax is based on the income generated by the business, the financial statements set the basis for the amount of appropriate tax to be remitted to the State.

Individuals who failed to pay their correct income tax are punished under the tax laws of the country. This holds true for business entities. Severe penalties and punishments can be imposed for the erroneous filing of corporate tax. The penalty can be commensurate to the amount of tax short-payment.

Examination of tax payments are duties of the tax offices of the government. This is why taxes should be computed correctly because there are government people who investigate on the government duties paid by individuals and companies. Both individuals and corporations should adhere to the laws on taxation. There is no escape to the penalties.


Your Real Estate All Star Team

I love this time of the year because it’s football season. I especially love the concept of football. You play as a team, each member has his own important role. You win as a team, you lose as a team. If a member of the team cannot meet the challenge of his role he is replaced, plain and simple. Investing in real estate has the same concept as the game of football. You must assemble your team of players who have your best interest at heart. The biggest mistake that a beginning real estate investor make is going it alone or the lone-wolf syndrome. If you want to be successful as a real estate investor you must have your own all star team of players that will help you to succeed. So who are these players:

1: Real estate attorney, notice I said real estate attorney, not any attorney. You want someone who is familiar with your state and local real estate laws, also someone who has experience with the type of deals you present them with.

2: A accountant who is knowledgeable about the new tax-laws that seem to change every year when dealing with real estate investing.

3: A real estate broker or agent. Sometimes dealing with the wrong broker or agent to help you find certain deals can be frustrating as a real estate investor. The only thing on a broker/agent mind is commissions, commissions, commissions. They do not understand the no-money down concept. To save yourself time and effort, find yourself a broker or agent who is flexible and knowledgeable about certain no-money down deals. Let them know that no-money down does not mean that they do not get a commission, it’s just that it won’t come out of your pocket. Also the most important part about dealing with a broker/agent is that they have access to the M.L.S (multiple Listing service). Only license broker/agents have access to this database.

Other members of your all star team can be: Title companies, Banker/mortgage broker, Appraisers, Home Inspector, Property manager, Handyman/carpenter. With the right members on your team you can have a very profitable season year round. Happy Investing


Secrets to Affiliate Millionaires – 5 Affiliate Marketing Strategies for Your Success with Low Cost

Many studies show that there are a lot of free affiliate marketing strategies on the internet. However, the problem of most new affiliate marketing entrepreneurs who have a limited budget is that they do not know exactly what strategies are workable and effective for their business. In this article, you will discover which affiliate marketing strategies are workable and proven that they are the most effective approaches. Also, you will learn how to start, build, run and grow your affiliate marketing business with those strategies as follows.

Free Affiliate Marketing Strategy #1: Place Online Classified Ads.

Many experiences and investigation reveal that online classified ads are one of the most popular advertisements for buyers and sellers on the internet. If you have your own limited budget and would like to gear up the affiliate marketing business, placing online classified ads could be your choice. There are many well known online classified ads submission directories on the internet. The highest recommendation and the most popular site on the internet is the Craigslist directory. It is the global online classified ads submission directory. Actually, it is the most largest and popular site for placing an ads online now.

The secrets to affiliate millionaires for placing online classified ads to Craigslist are: (1) write your classified ads directly for your target audiences (2) include high performance keywords to maximize the benefits of searching (3) post your classified ads nearby the target (e.g. city, state and country) and (4) post often your ads on the Craigslist site.

Free Affiliate Marketing Strategy #2: Article Marketing.

The article marketing has been proven that it is one of the best affiliate marketing strategies to drive high quality traffic and boost your affiliate commission. Actually, you will not pay any cents for this strategy if you learn and know the right way to approach this strategy properly. Many studies reveal that there are three categories you should consider for this strategy: (1) major and well-known article submission directory (2) minor article submission directory and (3) niche article submission websites. The highest recommendation for writing your articles and submitting your articles is to ensure that you submit all quality articles to those major and well-known submission sites. The characteristics of those major sties could be: (1) there is a lot of traffic and there are many proactive authors (2) there are many features supporting their authors and (3) there are a lot of potential partners.

The secrets to affiliate millionaires for writing articles are: (1) ensure that your articles are targeted to your audience with high quality and professional (2) include all high performance keywords to your articles and (3) write the most attractive article title.

Free Affiliate Marketing Strategy #3: Search Engine Optimization.

Search engines play a major role for online business on the internet. There is no doubt that you should apply this strategy for running your affiliate marketing business. However, to apply this strategy, you have to build your own quality website. There are a lot of affordable and cheap web hosting package out there to help you out. Also, there are a lot of resources and guidelines for this strategy on the internet. In this section, you will discover and learn the highlight issues for maximizing the power of search engine optimization.

The secrets to affiliate millionaires for optimizing your website are: (1) insert all high performance keywords to your web page (e.g. META tag, title, header and body) (2) discover and generate niche keywords for your web page (3) write high relevancy and quality content to your high performance and niche keywords (4) ensure that you submit your website to well-known site and search engine submission directories and (5) exchange links among other websites.

Free Affiliate Marketing Strategy #4: Blogging Online Marketing.

Another affiliate marketing strategy you should consider for your success in the affiliate marketing business is to build up your own blog. Blog or web log is the most popular and fastest growing strategy for affiliate marketing entrepreneurs to grow their business. The greatest recommendations for blogging online are: (1) use your blog as a personal website to promote yourself and your business at the same time (2) use your blog as a review place for affiliate products and (3) contribute your works, news, information and servers in your blog as the community for your business.

The secrets to affiliate millionaires for setting up your own blogs are: (1) post often the affiliate products review and buyer’s guides (2) post often your personal messages to your customers or readers (3) advertise your blogs in multiple marketing channels (4) participant in the blog community and exchange comments among other blogs and (5) have a fun when you are using blogs to promote yourself and business.

Free Affiliate Marketing Strategy #5: Contextual Advertisement.

The contextual advertisement is another alternative affiliate marketing strategies to earn extra money for building, running and growing your affiliate marketing business. If you have truly limited budget and are looking for earning extra money to help your business, the contextual advertisement such as AdSense, Clicksor, and Auction Ads could be your choice.

The secrets to affiliate millionaires for earning extra money through those contextual advertisements are: (1) provide high quality and relevancy content (2) include high paying and performance keywords and (3) drive traffic to your content through multiple affiliate marketing strategies.

Final thoughts, you have learnt how to start, build, run and grow your affiliate marketing business with low cost. With those above strategies, it will cost you only the web hosting package, which should be less than $100 per year. Also, you should run those strategies by steps: (1) place your online classified ads on Craigslist site (2) write and submit your articles to well-known article submission directory (3) optimize your web page (4) setup your own blog and promote yourself and (5) earn extra money through the contextual advertisements.


Governments Loan Modification Plan to Save the US Housing Market

Keeping home owners within their homes forms the heart of the President Barack Obama’s ambitious plan to rescue the housing market. With foreclosures on a rampant rise and property values plummeting the white house are proposing a $75 billion rescue package dedicated to rework troubled loans.

At the core of the plan is a process to modify at risk loans. Loan modification seems to be the only possible solution to save the property market without breaking the back of already struggling banks and struggling home owners, although they will not get through the process without a couple of bruises.

The biggest risk to the plan is that previous attempts of loan modification managed to delay the process of foreclosure but up to 53% of the modified loans were in trouble within six months. Supporters argue that mortgage modifications need to be properly engineered to work, and many earlier ones weren’t.

The freshly unveiled plan is designed to address the shortcomings of the previous failed restructured loans plans and is targeted to help as many as four million home owners avoid foreclosure.

The latest loan modification plan involves a process where struggling borrowers monthly payments should be reduce to no more than 38 percent of the borrower’s gross monthly income. The government would then assist to bring payments down to no more than 31 percent of the borrower’s monthly income.

The first step in lowering the monthly payments involves the lender reducing the interest rate to a low as 2%. If this is not enough to reduce the payments to the 31% level the loan will be extended to 40 years. If that’s still not enough, the lender will forebear loan principal at no interest.

Not included in the plan is the write down of principle of the loan. This can be seen as a shortcoming in the plan as the borrower still has to bear the full load of the loan – arguably with lower monthly instalments. The question is who should bear the cost of the write down of principal if this is included into the equation, the lenders already takes a cash flow knock by restructuring the loan with lower interest earnings. If the government picks up the cost to write down principle, it will require much more than the proposed $ 75 million.

To soften the blow to the lenders the government offers cash incentives to encourage participation, lenders will be paid $1,000 for each loan modification and will get an additional $1,000 payout each year for as many as three years, as long as the borrower continues making payments.

The cash incentives are extended to the borrowers to ensure that they do everything possible the come good on payments. Borrowers can get up to $1,000 knocked off the principal of their loan each year for up to five years if they make their payments on time.

To receive the cash incentives both parties will have to honour the loan modification for at least three months.

To qualify for the loan modification scheme you the property have to be an owner-occupied, primary residence with outstanding principal balances of not exceeding $729,750. Occupancy status will be verified through documents, such as the borrower’s credit report. Only loans originated on or before Jan. 1, 2009, are eligible, and modified payments will remain in place for five years.

The application process to qualify for the loan modification program is not straightforward. Applicant will have to prove that they are going through hardship. It is possible that individuals will be able to get themselves through the process but could find themselves running into closed doors. It is highly recommended that borrowers at risk of losing their home apply for a loan modification through an agency which specialises in the restructuring loans.

Most lenders will provide this service. It must be noted that the loan modification service does not necessary conforms to their best interest and applicants following this route might not get the best advice or service. Borrowers who wish to get independent advice could contact Loan Modifications Fast to get in touch with professionals.