Turning Personal Loans Into Business Payoff
Hi. My husband and I started a business and incorporated it Jan 24, 2001. We are a custom software development company. When we began, we used our own money to buy computers and other office needs, then, when we moved into a commercial office space in October of 2002, we took out loans in our own (personal) names using our own credit to fund the business moving into an office space and all the expenditures associated with this move (like office furniture, etc.). The reason we took out personal loans (and used personal credit cards) was that the business had no credit itself and we were really sure that neither a bank loan nor a credit card in the business’ name would be possible at that stage. Is there any way we can deal with the company paying off these debts? And how can we deal with this odd situation to minimize both business taxes and our personal taxes? And how can we re-seal the corporate veil, so to speak?
The 8 Myths About Creating Wealth
You have probably read or heard about various myths (these are the truths that are valid only for certain cases, but not in general) surrounding wealth and wealthy people, all of which hinder your quest for financial independence. Here are the most common and most destructive:
Breaking The Cycle Of Employee Disrespect
Dear Susan: My dilemma – I work many long hours/long days and am presently driving 130 miles RT to work. My Boss requires that I am at work by 0800MT in order to appease my staff (they do not know/nor care that I work 12-14 hours/day). I am used to flex-time and am trying desperately to adapt. Due to traffic, etc., there have been times I have been late but always call. My Boss is concerned about what my employees think or believe about my occasional tardiness.
Headlines Bring Sales–Where and How to Use Them
Headlines are short vital statements to stimulate your potential customers and clients to take action. That means sales! Since you only have 10 seconds to attract your visitor or reader, create headlines to make ultimate sales.
Just Write an E-mail
How did you sell your last product? Imagine that I am a newbie writing you an e-mail after reading your ebook. How would you answer the question? I bet you could send me a 300 word reply in no time. Words would flow from your keyboard as fast as you can type. You have just written your next article. Don’t think so? Too easy? Read the next paragraph.
The Quiet Death of the Major Re-Launch
“It seems like a such a huge undertaking,” the Senior VP of Marketing told me. “Frankly, we’re terrified we’re going to make things worse than they already are.”
The VP was sitting at the conference table with her senior staff. They’d been discussing the state of the web site and their desire to completely redesign it.
How To Pay Less And Get More: Discount Broker vs. Professional Management
How do you invest? What do you really pay? At the end of the day, what are your real results? These are questions smart investors should be asking themselves (but usually don’t). In this era of more fees, misc. charges, holding periods and back end redemptions, even at discount brokers, how are you really making out?
The Who, What, and Why of Interviewing
Interviews can be daunting to the most experienced job seeker, and “terror-ific” for the less experienced. Preparation before the interview can make a huge difference in your confidence level. Here are some basic questions to get you thinking about the process.
Stop Stressing Out
It seems that everywhere one looks these days, there is another survey reported that states how stressed out the American people are. There is concrete evidence that proves “being stressed out” is not healthy in any fashion: from heart attacks to weight management to the ability to sleep at night, stress, that is toxic stress, has a negative impact on your life.
Unraveling Tax Laws: Inventory And Depreciation
Hi Wayne: I own a Video Store which I bought last year. I used “taxcut” to do my taxes but realized too late that I was over my head. Someone is probably going to have to look at them. I completed and paid my taxes on time even though there may be errors.
I’m confused about my inventory. Do I show it on the balance sheet and taxes as inventory or just depreciate it as a depreciation expense?