Archive July 2019

Business acquisition loans are available for people who are looking to purchase a business. Perhaps you are already a successful business owner and you’d like to acquire some new assets? You’d also be eligible for a business acquisition loan. To assist you through the approval process, here is a look at some of the different ways that you can apply to receive a business acquisition loan.

SBA Loan

SBA loans are loans that are guaranteed by the Small Business Association. The bank will offer you a lower interest rate and longer repayment terms because there is minimal risk with an SBA loan. Keep in mind that filling out the application for an SBA loan will take a couple of hours. Once you have completed the application, it may take a few weeks before you find out if you have been approved.

Business Expansion

If you are already a successful business owner and are looking to expand, you should qualify for a business acquisition loan. However, you may not be interested in the lengthy process of applying for a traditional bank loan. Some online lenders may offer you more favorable terms than a bank. You should also get approved a little quicker than if you chose the traditional route.

Startup

If you are looking to start your own business, you should be eligible to receive a startup loan. You will have to show that you have the experience and the necessary resources to keep the business from failing. The lender may also ask you to put down a deposit on the business that you want to acquire. There are different loan options available as you pursue a startup loan.

Traditional Bank

You could pursue a loan through a traditional bank, however, the requirements are very strict. The bank will take several things into consideration before making a decision. Bank loans are known for offering generous rates. As long as you have a steady income, good credit, and some business experience, you should get approved. Consider contacting a local bank or a credit union first instead of a large bank.

Keep in mind that purchasing a business can be very exciting, but securing financing could be difficult. As you spend time researching different business acquisition loans, try to get a letter of intent from the seller. Without having a Letter of Intent, it may be difficult to secure a loan. Make sure that you have access to your most recent tax information. If you don’t have access to your most recent documentation, that will slow down the approval process.
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When you’re considering auto shipping, you have many questions. You might be moving across state or cross country for a new job and don’t want to drive. Or, if you have an older car, you might not want to put the mileage on it. Then, there’s the thought that a long road trip can possibly result in an accident, poor driving conditions, or other traffic infractions. When you choose Unlimited Auto Trans to do the shipping for you, these worries are eliminated. 

What should you look for when choosing an auto shipping company? 

Instant Quote – 

Unlimited Auto Trans will provide you with an instant quote for your transportation needs. Simply provide details about the location (to and from), the time frame (when you need it delivered), and any special instructions for delivery. You’ll get an instant quote and no surprises, so you know exactly what it’ll cost to ship your car. 

You’re Coverage – 

Another important factor to consider with auto shipping is the insurance. How much is your car protected if an accident occurs, loss, or if there is an issue with delivery? You want to choose a company that insures your car, covers damage, theft, delays, or other transit issues. 

A Clear Description of Services – 

With Unlimited Auto Trans, you’ll understand everything from start to finish. You’ll receive complete details of the transportation services when you call or fill out the online form for your quote. You’ll receive instructions on

– How/where the car will be picked up

– How long it is in transit

– How many additional cars or vessels are being transported together

– What your insurance coverage is

– What happens in the event of delays

– Information regarding speedy delivery or quicker transport

If you have a question about the shipping process, you’ll receive all answers and clarification before you choose to hire the company for shipping services. 

You don’t want to take a chance with a long distance move or drive when you don’t have to. In addition to the mileage, many dangers come along with lengthy road trips, that many drivers don’t think about at the onset of their travels. If you’re moving long distance, or don’t have the time, energy, or ability to make the drive yourself, the option to have your car shipped to your new address, is a great way to ensure it get to you in a timely fashion, and safely.… Read the rest

Are you thinking of hiring a public accountant? Or you are wondering when to do it? Maybe you are not sure whether to hire or not? If yes, you are in the right place. While it’s possible to handle daily accounting on your own, there are instances you need a professional Lavi CPA. These experts can help you decide crucial business decisions and save time. Certified public accountants specialize both in accounting and tax laws. They can represent you on any issue before the IRS. 

That said, below are times to hire a public accountant

1. When starting a business. 

This may seem a bad idea especially when you have a tight budget. However, hiring a CPA is part of an investment and you must incur some costs. A public accountant can help you choose the right business entity and avoid costly mistakes. He or she will guide you to build the right business structure. This may include a co-operation, partnership, limited company and more. 

The choice of business structure is likely to affect reporting requirements and taxes. Knowing the right structure for your business is crucial at the start.

Lavi CPA will also help determine the right type of accounting for your business. Should you consider a cash or accrual accounting? Only a certified public accountant can answer this. While starting a business use cash, there are times IRS demands the use of accrual accounting. 

2. Tax returns

You must prepare and file your tax returns at the end of every year. By hiring a certified public accountant, you are minimizing your tax liability for the ensuing business year. If you being audited by the IRS, Lavi CPA Can represent you and answer all questions regarding your taxes. 

It’s important to remember that business taxes are a bit more complex than personal ones. Only a public accountant will help prepare and file all the required tax returns at the right time. Also, CPAs will help you understand the deduction you qualify for as well as conforming to tax changes. 

3. When serious accounting issues occur 

If you are facing serious tax evasion charges, you might want to hire a professional public accountant. The IRS may have no option but to pursue criminal charges on you. CPAs will help supply the right information to resolve the problem before it gets worse. For instance, these experts will help prove your company is bankrupt or has fewer assets. 

Let the experts at Lavi CPA help cut costs and grow your business. Contact us for tax preparation and save money!… Read the rest