Blackhillsams

Archive for July, 2010

10stepmoney.com With Pat Gage Presents Business Credit Tips On How To Start A Business Even If You Have Bad Credit. See 10stepmoney.com For More Information Now!

The San Francisco Giants official team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card from Bank of America.  (www.giantscreditcards.com ).   This rewards credit card has proven to be a grand slam with fans and is scoring rave reviews in the rewards credit card industry.  Like many retailers, airlines, and universities have done for years, Major League Baseball teams like the San Francisco Giants are now being displayed on consumer credit cards.  These baseball oriented credit cards are rapidly growing in popularity and are proving to be a hit with sports fans across the country.

The Major League Baseball™ Extra Bases™ Credit Card from Bank of America has valuable features, including:

•           No annual fee.

•           0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

•           Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

 •          Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

At a time when everyone’s nerves are frayed because of uncertainty in the stock market, illiquidity in the credit market and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball.  Historically, baseball has given the public something to believe in and something to hope for, particularly in tough economic times.   With the MLB™ Extra Bases™ credit card, Giants fans can be reminded of their favorite team every time they take out their wallets.  Real fans carry the card with pride.  Visit www.giantscreditcards.com to complete the credit card application online in a few short minutes.

In today’s UK financial market, subprime loans not only occurs with mortgages but it has been extended towards the auto loan sector. This loan is provided to those borrowers who have bad credit due to various reasons. Subprime lending is also known as second charge lending.

As the name suggests, this loan is extended to those borrowers who already had a loan but also want another loan. In this loan the initial charge stays with the first charge holder of the collateral and the second charge with the subprime auto loan lender. If the borrower fails to repay the loan amount, the second charge lender neither can claim the amount nor can he move the court against the borrower as he has only the second charge over the vehicle.

The rate of interest is very high in this loan as it is risky for the lender. The loan amount depends on the borrower’s credit history and repayment ability. As it is a secured loan the loan amount and repayment tenure are both high. The loan amount can be around £10,000 and the repayment tenure around 10 – 15 years. Apart from obtaining the credit rating from different credit agencies like Equifax, Trans union, Experian, etc. a borrower should be at least 18 years of age at the time of availing this loan. He should also have a permanent employment with a minimum of £1,000 as monthly salary and a valid bank account.

The Houston Astros official team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card from Bank of America.  (www.astroscreditcard.com ).   This rewards credit card has proven to be a grand slam with fans and is scoring rave reviews in the rewards credit card industry.  Like many retailers, airlines, and universities have done for years, Major League Baseball teams like the Houston Astros are now being displayed on consumer credit cards.  These baseball oriented credit cards are rapidly growing in popularity and are proving to be a hit with sports fans across the country.

The Major League Baseball™ Extra Bases™ Credit Card from Bank of America has valuable features, including:

•           No annual fee.

•           0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

•           Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

 •          Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

At a time when everyone’s nerves are frayed because of uncertainty in the stock market, illiquidity in the credit market and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball.  Historically, baseball has given the public something to believe in and something to hope for, particularly in tough economic times.   With the MLB™ Extra Bases™ credit card, Astros fans can be reminded of their favorite team every time they take out their wallets.  Real fans carry the card with pride.  Visit www.astroscreditcard.com to complete the credit card application online in a few short minutes.

If you fall into one of these three categories, this article is for you: 1) you own a sole proprietorship; 2) you are a partner in a partnership; or 3) you are the owner of a limited liability company being taxed like a sole proprietorship or a partnership. What do these three types of business owners have in common? They are all faced with the dreaded self-employment (SE) tax on the profits of their business. If you’re new to the world of small business taxes, here’s a quick review of self-employment tax. Sole proprietors and those taxed like sole proprietors (i.e. partnership partners and LLC owners who have not chosen to be taxed like a corporation) must pay 15.3% of their business profit in SE tax to the federal government. This consists of 12.4% social security tax and 2.9% Medicare tax. In effect, it is the self-employed person’s version of the employee/employee federal payroll tax of 15.3%. But here’s where frustration begins to rear its ugly head: employees and employers each pay one-half of the 15.3%. The self-employed person must pay the entire 15.3%. So what’s a self-employed person to do? There’s one particularly effective strategy to legally reduce self-employment tax: choose to be taxed an “S” corporation. Here’s how it works. In 2009, the self-employed person pays SE tax on the first $106,800 in profit. Let’s assume you make $60,000 profit this year (sales minus expenses). You must pay SE tax on the entire profit, so your SE tax will be $9,180 ($60,000 x .153). But if you choose to be taxed like an “S” corporation, you can legally reduce the SE tax by structuring your compensation as a combination of wages or salary (which you must do now that you are being taxed as a corporation) and a profit distribution payment. Assuming that you can pay yourself reasonable compensation of $35,000 salary, only that salary will be subject to the 15.3% SE tax (which will now be called “payroll tax” rather than SE tax). The remaining $25,000 in profit can still be paid to you whenever you like, but it will not be subject to payroll tax, because only wages/salary are subject to payroll tax in a corporation. End result: the payroll tax on $35,000 will be $5,355. Compare that to the $9,180 in SE tax and you legally reduce your taxes by $3,825. Two important caveats: First, note that it is only SE tax (or payroll tax) that is reduced. This strategy does not reduce income taxes, because regardless of the entity (self-employed or corporation), the entire $60,000 will be subject to income tax. Second, now that you are paying yourself wages/salary as an employee of a corporation, the corporation must do all the paperwork that comes with payroll. You must issue yourself bona fide paychecks (which means that withholding calculations must be done). You must also file all the required federal, state and local payroll tax returns, and make all the required federal, state and local payroll tax payments. This can be quite a mountain of paperwork and you should probably outsource these payroll tasks. This will result in a new expense to hire an accountant or bookkeeper to do payroll, but most small business owners in this situation still come out way ahead.