Reading Comprehension ADVANTAGES AND DISADVANTAGES OF SELF-EMPLOYMENT

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Reading Comprehension ADVANTAGES AND DISADVANTAGES OF SELF-EMPLOYMENT"

Transcription

1 Reading Comprehension ADVANTAGES AND DISADVANTAGES OF SELF-EMPLOYMENT You've grown tired of commuting to a job where you sit in a cubicle and do someone else's bidding. You've got a better idea, you know you have the knack for being in the right place at the right time, and so you're thinking of self-employment. But how do you determine if this is a pipe dream or an idea worth pursuing? Can you handle it? Whether you're running your own business or working as an independent contractor, you'll soon realize that working for yourself isn't just another job, it's a way of life. Are you someone who likes a nine-to-five routine and collecting a regular paycheck? When you're self-employed, you must be willing to make sacrifices for the sake of the job. You're going to work long hours, which means that you won't have as much time as you used to for family or leisure activities. And if the cash flow becomes a trickle, you're going to be the last one to get paid. Can you get along well with all types of people? Being self-employed is all about managing relationships - with your clients or customers, your suppliers, perhaps with your employees, certainly with your family, and probably with your banker, lawyer, and accountant, too. If you're the type who wants to be alone to do the few things that you're good at, then you should do that - for someone else. Are you a disciplined self-starter? Being self-employed means that you're your own boss. There may be days when you'll have to make yourself sit at your desk instead of going for a long lunch, or (especially if you work out of your home) place those business calls instead of reading the newspaper. Finally, do you enjoy wearing many hats? Depending on your line of work, you may be involved in handling marketing and sales duties, financial planning and accounting responsibilities, administrative and personnel management chores - or all of the above. Your dream come true Think about how great it will feel to get paid to do what you'd love to do anyway. If you're working for yourself, chances are you'll be doing work that you enjoy. You'll get to pick who you'll work for or with, and in most cases you'll work with your customers or clients directly - no go-betweens muddying the waters. As a result, you may have days when it hardly feels as if you're working at all. Such harmony between your working life and the rest of your life is what attracted you to self-employment in the first place. Being your own boss means that you'll be in control of all of the decisions affecting your working life. You'll decide on your business plan, your quality assurance procedures, your Autor: Lúcia de Freitas Silva Página 1 de 6

2 pricing and marketing strategies - everything. You'll have job security; you can't be fired for doing things your way. As you perform a variety of tasks related to your work, you'll learn new skills and broaden your abilities. You'll even have the flexibility to decide your own schedule, working conditions, and business location. If you're working out of your home, your start-up costs may be reduced. You'll also experience lower operating costs; after all, you'll be paying for the rent and utilities anyway. If the location of your work isn't important (perhaps you're a freelance writer or a consultant), you can live wherever you want. At any rate, if you work at home, you'll greatly reduce your daily commuting time and expense. If all goes well and you're making money, chances are you can make more than you did working for someone else. And since you're working for yourself, you may not have to share the proceeds with anyone else. The fruits of your labor will be all yours. On the other hand... When you're self-employed, particularly if you're starting your own business, you may have to take on a substantial financial risk. If you need to raise additional money to get started, you may need a cosigner or collateral (such as your home) for a loan. Depending on how much or little work you can line up, you may find that your cash flow varies from a flood to a trickle. You'll need a cash backup so you can pay your bills while you're waiting for business to come in or waiting to be paid for completed work. Since you'll have to pay your own creditors first, this means that sometimes you may eat cereal instead of steak. Remember that you're not making any money if you're not working. You don't have any employer benefit package, which means that it's going to be hard for you to go on vacation, take a day off, or even stay home sick without losing income. It also means that you'll have to provide your own health insurance and retirement plan. Remember, too, that you can choose your clients or customers, but you can't control their expectations or actions. If you don't come through for them, or if you do something that offends them, you might not get paid for your work. Because you're working for yourself, you're going to have to take care of everything yourself, from figuring your taxes to watering the office plants. You'll probably need some new skills, such as bookkeeping and filing quarterly taxes. You can learn to do these things yourself - many software programs are designed just for this market - or you can hire others (e.g., an accountant) to take care of them for you. If you're not careful, however, you may find that you're spending more time on the business of being in business for yourself than you are on the work that attracted you to self-employment in the first place. The bottom line If you can work long and hard, tolerate risk and stress, cope well with potential disaster and failure, and work well alone and with others, then perhaps self-employment is right for you. If not, then perhaps you should keep that job in the cubicle. Autor: Lúcia de Freitas Silva Página 2 de 6

3 Text Comprehension 1. What do these words mean in the text? Match each word with its corresponding equivalent. 1 Commuting A slow, small, or irregular quantity that occurs intermittently (8) 2 Knack Workers, staff (11) 3 Pipe dream Adviser, counselor; one who gives expert or professional advice 4 Worth To undertake many different responsibilities (16) 5 Nine-to-five Bank clerk; an employee of a bank who receives and pays out money (12) 6 Sake One whose profession is to give legal advice and assistance to clients and represent them in court or in other legal matters (13) 7 Cash The process by which companies determine what products or services may be of interest to customers, and the strategy to (17) 8 Trickle use in sales To pledge or obligate one's own self (1) 9 Customers Administration: the practice of running an organization (19) 10 Suppliers Sellers, traders (10) 11 Employees Benefit, welfare (6) 12 Banker To increase (24) 13 Lawyer The quality that renders something desirable, useful, or valuable 14 Accountant To divide, to split (30) 15 Self-starter Money (7) 16 Wearing many hats (28) Profits; earnings from business (31) 17 Marketing Clients, consumers (9) 18 Sales Work, activity (32) 19 Management Written contract for protection against possible risk or loss (44) 20 Chances A specific talent for something (2) 21 Go-betweens Mediators; persons representing an organization or person in business 22 Muddying A fanciful or impossible plan or hope (3) 23 Assurance One whose profession is to determine income and expenses in financial transactions (4) (21) (14) Autor: Lúcia de Freitas Silva Página 3 de 6

4 24 Broaden 25 Start-up The act or process of setting into operation or motion; a business or an undertaking that has recently begun operation One of two or more signers of the same document (as a treaty or declaration) 26 Freelance Abundance (36) 27 Writer An active and ambitious person (15) 28 Consultant Commerce; exchange of objects for money (18) 29 Expense Shortage (37) 30 Share 31 Proceeds Individuals to whom an obligation is owed because they have given something of value in exchange Activity of keeping record of the money that is spent and received by a business or other organization 32 Labor To handle; to live with (49) 33 Cosigner Cost (29) 34 Loan Credit; sum of money lent temporarily, usually with interest (34) 35 Line up Holiday, time off; planned time spent not working (41) 36 Flood Holiday, break; day of rest (42) 37 Trickle Probabilities (20) 38 Bills Withdrawal from one's gainful employment, concerning length of service, age, or disability 39 Creditors The work period of the typical office worker (5) 40 Package Lack of success (50) 41 Vacation To employ; to give someone a job (48) 42 Day off Imposts; charges levied by government on one s income and properties 43 Income Messing up, complicating (22) 44 Insurance Profits, salary (43) 45 Retirement A proposition or an offer composed of several items, each of which must be accepted 46 Taxes Self-employed; one who works without a long-term contract (26) 47 Bookkeeping Author; composer of written work (27) 48 Hire Accounts; list of fees or charges (38) 49 Cope To get, to find (35) 50 Failure Guarantee (23) (25) (33) (39) (47) (45) (46) (40) Autor: Lúcia de Freitas Silva Página 4 de 6

5 2. What are the British equivalents of these words? a) Lawyer _(Solicitor)_ b) Chore _(Labour)_ c) Schedule _(Timetable)_ d) Labor _(Labour)_ e) Bill _(Bank note)_ f) Vacation _(Holiday)_ 3. Read through the text and complete the table in note-form. Self-employment jobs Advantages Disadvantages 4. Check your general understanding of the text by choosing whether these sentences are true or false. Correct the false questions. a) Self-employment is suitable for those who like a nine-to-five routine. Autor: Lúcia de Freitas Silva Página 5 de 6

6 b) Being self-employed is inadequate if you cannot get along with all types of people. c) If you enjoy discipline and are able to handle many tasks simultaneously, you shouldn t consider working for yourself. d) Being your own boss, you will not have job security and you will have difficulties on learning new skills. e) As a self-employed person, you can live wherever you want and reduce your daily expenses. f) When you are self-employed, you will not need much money to get started and you will notice that your income remains constant. g) Going on vacations and taking days off will be easier if you run your own business. h) Because you re working for yourself, you will not need to develop new skills and abilities. Autor: Lúcia de Freitas Silva Página 6 de 6

You ve grown tired of commuting to

You ve grown tired of commuting to Oklahoma Society of CPAs Understand Advantages and Disadvantages of Self-Employment You ve grown tired of commuting to a job where you sit in a cubicle and do someone else s bidding. Maybe you ve got a

More information

RISK ASSESSMENT FOR SMALL BUSINESS. Terry S. Campbell, Community Development Officer Department of Development & Technology

RISK ASSESSMENT FOR SMALL BUSINESS. Terry S. Campbell, Community Development Officer Department of Development & Technology RISK ASSESSMENT FOR SMALL BUSINESS Terry S. Campbell, Community Development Officer Department of Development & Technology Date: March 25, 2004 1 Counseling Tool Outline - Cover Page - Outline - Introduction

More information

Life After Bankruptcy. By Jason Amerine

Life After Bankruptcy. By Jason Amerine Life After Bankruptcy By Jason Amerine Bankruptcy: A Fresh Start for You Every day I have clients ask me about what life might be like after bankruptcy, and perhaps you re feeling that way, too. Sure,

More information

Starting your Business Guide

Starting your Business Guide Starting your Business Guide Small Business Resources The material in this document is intended to provide only general information to Canadian Western Bank s clients and the public, and not for the purposes

More information

Incorporation Guide Guide to Incorporating and Forming a Limited Liability Company

Incorporation Guide Guide to Incorporating and Forming a Limited Liability Company Incorporation Guide Guide to Incorporating and Forming a Limited Liability Company Toll-Free: 877-692-6772 Direct/Intl: 818-224-7639 Our Incorporation Guide is developed with the help of the small business

More information

How to Perform a Break-Even Analysis in a Retail Store A Step by Step Guide

How to Perform a Break-Even Analysis in a Retail Store A Step by Step Guide How to Perform a Break-Even Analysis in a Retail Store A Step by Step Guide By BizMove Management Training Institute Other free books by BizMove that may interest you: Free starting a business books Free

More information

HOW TO SURVIVE GARNISHMENT

HOW TO SURVIVE GARNISHMENT HOW TO SURVIVE GARNISHMENT Todd Murray The Todd Murray Law Firm, PLLC 800 Washington Ave N Suite 704 Minneapolis, MN 55401 (612) 284-4141 todd@toddmurraylaw.com IMPORTANT INFORMATION PLEASE READ THIS FIRST

More information

BANKRUPTCY SOME FREQUENTLY ASKED QUESTIONS AND ANSWERS

BANKRUPTCY SOME FREQUENTLY ASKED QUESTIONS AND ANSWERS BANKRUPTCY SOME FREQUENTLY ASKED QUESTIONS AND ANSWERS 1 You should file for bankruptcy only after carefully deciding that bankruptcy is the best way to deal with your financial problems. This pamphlet

More information

Part 1 Test Question Bank

Part 1 Test Question Bank Module 1 1. Which is true regarding unemployment rates? a. The unemployment rate for people with a bachelor s degree and a high school diploma are the same. b. People with a bachelor s degree experience

More information

A Freelancer s Pay...

A Freelancer s Pay... A Freelancer s Pay... An excerpt from The Designer s Common Sense Business Book Designers seem to be most uncomfortable when dealing with the financial end pricing, billing, bookkeeping, collecting money

More information

FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS FREQUENTLY ASKED QUESTIONS 1. Do I have what it takes to own/manage a small business? You will be your own most important asset, so an objective appraisal of your strengths and weaknesses is essential.

More information

If you are looking to start a career working as a contractor or freelancer, there are several employment options to choose from, which include:

If you are looking to start a career working as a contractor or freelancer, there are several employment options to choose from, which include: Working as a contractor or freelancer If you are looking to start a career working as a contractor or freelancer, there are several employment options to choose from, which include: Joining a PAYE umbrella

More information

ANSWERS TO COMMON BANKRUPTCY QUESTIONS

ANSWERS TO COMMON BANKRUPTCY QUESTIONS Wayne Howell, PLLC ANSWERS TO COMMON BANKRUPTCY QUESTIONS A decision to file for bankruptcy should be made only after determining that bankruptcy is the best way to deal with your financial problems. This

More information

Personal Finance Financial Difficulty

Personal Finance Financial Difficulty Student Take Home Guide Personal Finance Financial Difficulty Personal Financial Education Financial Difficulty 1. 10 Indicators of Financial Trouble 2. Dealing with Creditors During a Financial Emergency

More information

WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 BANKRUPTCY. Your Trustee is: Locke D. Barkley 601-355-6661. www.barkley13.com. Your Case Number is:

WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 BANKRUPTCY. Your Trustee is: Locke D. Barkley 601-355-6661. www.barkley13.com. Your Case Number is: WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 BANKRUPTCY This booklet contains some basic, general information about your Chapter 13 bankruptcy. Read this pamphlet completely to understand your obligations

More information

Mortgages Things You Should Know

Mortgages Things You Should Know Mortgages Things You Should Know Moving and Money So you re starting to talk about moving out of London or perhaps you ve made the decision already and you ve started the search in earnest. One of the

More information

When Finances Go Wrong - Debt

When Finances Go Wrong - Debt When Finances Go Wrong - Debt Very few people now have no debt at all after all a mobile phone contract, or your rent/mortgage are both debts. It becomes an issue for people when they cannot meet the payments

More information

Keeping Your Home - Protect your investment

Keeping Your Home - Protect your investment Keeping Your Home - Protect your investment People who plan, budget and save for successful homeownership have a much better chance of keeping a roof over their heads and building wealth as property values

More information

How to Create Winning Joint Ventures

How to Create Winning Joint Ventures How to Create Winning Joint Ventures Jim Ingersoll here with another segment on private lender financing and your private lending course. I'm excited to have you along. Now that you know why you want to

More information

Read about the steps that may gradually help you to return to work. Learn about looking for and keeping a job.

Read about the steps that may gradually help you to return to work. Learn about looking for and keeping a job. CHAPTER 10 Work In this chapter, you will: Read about the steps that may gradually help you to return to work. Learn about looking for and keeping a job. Returning to Work Survivor Matters Work is important

More information

Money Management Tips for the Small Business

Money Management Tips for the Small Business Business Articles Money Management Tips for the Small Business Source: Balance Financial Fitness www.balancepro.net peoplesbancorp.com 800.374.6123 BUSINESS ARTICLES Starting your dream business is a major

More information

Job Interview Questions About You

Job Interview Questions About You Job Interview Questions About You Q. What is your greatest weakness? A. When you're asked what your greatest weakness is, try to turn a negative into a positive. For example, wanting to get things done

More information

What is a business plan?

What is a business plan? What is a business plan? A business plan is the presentation of an idea for a new business. When a person (or group) is planning to open a business, there is a great deal of research that must be done

More information

6. Always pay something: Even if you can't pay all of your bills in full, always make the minimum payment by the due date.

6. Always pay something: Even if you can't pay all of your bills in full, always make the minimum payment by the due date. 1. Make your payments on time: Every late payment can hurt you, and in more than one way. Many utility companies report your payments to the credit bureaus. It also costs you more if you pay late as you

More information

THINGS TO THINK ABOUT BEFORE YOU DEPLOY

THINGS TO THINK ABOUT BEFORE YOU DEPLOY THINGS TO THINK ABOUT BEFORE YOU DEPLOY As military members in general we all recognize that we face the possibility of being deployed. But have you really planned for deployment and for the effect of

More information

Starting In Business. Are you sure?

Starting In Business. Are you sure? Starting In Business This guide is for whether you have already decided to start a new business, or you are simply considering your first move into self-employment. What do you need to think about before

More information

OSU Career Services. From Eleven Commandments for Smart Negotiating. By Lee E. Miller

OSU Career Services. From Eleven Commandments for Smart Negotiating. By Lee E. Miller From Eleven Commandments for Smart Negotiating By Lee E. Miller There are 11 basic commandments to help you negotiate the best possible deal in any economic climate when changing jobs, internally or with

More information

Money Borrowing money

Money Borrowing money Money Borrowing money Aims: To enable young people to explore ways of borrowing money and the advantages and possible consequences of doing so. Learning Outcomes: By the end of the session the participants

More information

Account a service provided by a bank allowing a customer s money to be handled and tracks money coming in and going out of the account.

Account a service provided by a bank allowing a customer s money to be handled and tracks money coming in and going out of the account. Account a service provided by a bank allowing a customer s money to be handled and tracks money coming in and going out of the account. Account fee the amount charged by a financial institution for the

More information

What is Credit? What Different Types of Credit Are Available?

What is Credit? What Different Types of Credit Are Available? Credit and Debt What is Credit? Credit is a contract between a lender, such as a bank, a credit card company, or a store, and an individual or company. The lender provides the money or access to money,

More information

Five minute guide to being sued & wage garnishment

Five minute guide to being sued & wage garnishment Five minute guide to being sued & wage garnishment First, it is important to distinguish between actually being sued and having creditors threaten to sue you. The difference is important. We have seen

More information

HOMEOWNERSHIP TIPS. In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here.

HOMEOWNERSHIP TIPS. In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here. HOMEOWNERSHIP TIPS In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here. The home buying process might seem complicated or unmanageable.

More information

Small Business Success: Benefits of. Bookkeeping Services. Bookkeeping Services August 2012. By Claire Moore. August, 2012

Small Business Success: Benefits of. Bookkeeping Services. Bookkeeping Services August 2012. By Claire Moore. August, 2012 Small Business Success: Benefits of By Claire Moore August, 2012 A pproximately 99% of businesses in the United States are classified as small businesses according to the Small Business Administration.

More information

Table of Contents. Ways to Stay Out of Debt... 3 Keep Spending Under Control 4 Get Out of Debt. 5

Table of Contents. Ways to Stay Out of Debt... 3 Keep Spending Under Control 4 Get Out of Debt. 5 Debt Management Table of Contents Ways to Stay Out of Debt... 3 Keep Spending Under Control 4 Get Out of Debt. 5 Debt is a problem for many American households. Fortunately, there are ways to combat debt

More information

The ABC s of 123 s. (The Simple Secrets to Accounting Wisdom.)

The ABC s of 123 s. (The Simple Secrets to Accounting Wisdom.) The ABC s of 123 s (The Simple Secrets to Accounting Wisdom.) Thank You for attending our QuickBooks seminar today. Your time is valuable and our goal is to make sure it is well spent. QuickBooks is a

More information

THINKING ABOUT STARTING YOUR OWN BUSINESS?

THINKING ABOUT STARTING YOUR OWN BUSINESS? THINKING ABOUT STARTING YOUR OWN BUSINESS? Start-up Checklist 1. WHY DO YOU WANT TO BE IN BUSINESS? 2. IS YOUR IDEA VIABLE? 3. ARE YOU PREPARED FOR SELF-EMPLOYMENT? Self Analysis Questions 4. DO YOU NEED

More information

City Securities Corporation December 02, 2014

City Securities Corporation December 02, 2014 City Securities Corporation Strouse Keller Income Advisors Paula Strouse and Chad Keller Financial Advisors 30 South Meridian Street Suite 600 Indianapolis, IN 46204 317-634-4400 800-800-CITY(2489) strousekeller@citysecurities.com

More information

Milestone Financial Group January 09, 2015

Milestone Financial Group January 09, 2015 Milestone Financial Group David Hunt, CFP Financial Advisor 205-B Plaza Drive Greenville, NC 27858 252-756-7005 TF 877.706.7005 dave@milestonefinancialgroup.com Settling an Estate Settling an Estate What

More information

ATTORNEYS, MANAGERS AND THE ASSOCIATION

ATTORNEYS, MANAGERS AND THE ASSOCIATION ATTORNEYS, MANAGERS AND THE ASSOCIATION 5235617 Attorneys, Managers and the Association Serving and Surviving In A Unique Relationship By Matthew Perlstein, Esq. (Reprinted with Permission) INTRODUCTION

More information

Though not a pleasant thought it's important to think about this: when you die, who will you leave behind?

Though not a pleasant thought it's important to think about this: when you die, who will you leave behind? Personal insurance There are many risks you face during your lifetime, but the most serious ones you will face are death, disability, serious illness and/ or medical intervention (surgery). These can happen

More information

The Living Advantages

The Living Advantages THE ADVANTAGES OF WHOLE LIFE What are the advantages of whole life insurance? Do they exist? We often hear that it is the worst financial product. What if the opposite were true? When would you want to

More information

ACVL Web Site LEASING VS. BUYING QUIZ

ACVL Web Site LEASING VS. BUYING QUIZ ACVL Web Site LEASING VS. BUYING QUIZ There are many factors to consider when deciding whether to lease or finance your next vehicle. To help consumers weigh their circumstances and understand whether

More information

TOP 10 MYTHS OF EMPLOYMENT LAW

TOP 10 MYTHS OF EMPLOYMENT LAW w TOP 10 MYTHS OF EMPLOYMENT LAW As an Employment Lawyer I often come across employers who are ill informed about employment law. They frequently believe in a number of myths about the law which are either

More information

LESSON 1 -- GETTING OUT OF DEBT

LESSON 1 -- GETTING OUT OF DEBT LESSON 1 -- GETTING OUT OF DEBT LESSON DESCRIPTION AND BACKGROUND This lesson uses the Better Money Habits video Steps to Help You Get Out of Debt (www.bettermoneyhabits.com) to explain the concept of

More information

SEND ALL PAYMENTS TO: Chapter 13 Trustee 191 Peachtree Street, N.E. Suite 2200 Atlanta, GA 30303

SEND ALL PAYMENTS TO: Chapter 13 Trustee 191 Peachtree Street, N.E. Suite 2200 Atlanta, GA 30303 PUT YOUR CHAPTER 13 CASE NUMBER ON ALL PAYMENTS AND CORRESPONDENCE SENT TO YOUR TRUSTEE SEND ALL PAYMENTS TO: Chapter 13 Trustee 191 Peachtree Street, N.E. Suite 2200 Atlanta, GA 30303 This booklet was

More information

Using Credit to Your Advantage

Using Credit to Your Advantage Hands on Banking Using Credit to Your Advantage Credit Reports, Credit Scores and Dealing with Debt The Hands on Banking program is a free public service provided by Wells Fargo. You may also access the

More information

Bankruptcy may make it possible for you to:

Bankruptcy may make it possible for you to: A decision to file for bankruptcy should be made only after determining that bankruptcy is the best way to deal with your financial problems. This brochure cannot explain every aspect of the bankruptcy

More information

Always Ask Questions Before you Retain a Bankruptcy Attorney

Always Ask Questions Before you Retain a Bankruptcy Attorney Always Ask Questions Before you Retain a Bankruptcy Attorney Deciding to file bankruptcy is a stressful time. You're about to turn your life upside down in order to eliminate debt that you can't pay. Because

More information

Money Management Test - MoneyPower

Money Management Test - MoneyPower Money Management Test - MoneyPower Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A person s debt ratio shows the relationship between debt and net worth.

More information

1 Money and income Currency currency notes (banknotes) coins cash bank deposits BrE: note or banknote; on paper AmE: bill

1 Money and income Currency currency notes (banknotes) coins cash bank deposits BrE: note or banknote; on paper AmE: bill 1 A B Money and income Currency The money used in a country euros, dollars, yen, etc. is its currency. Money in notes (banknotes) and coins is called cash. Most money, however, consists of bank deposits:

More information

www.iamdellgines.com Your Personal Entrepreneurship Professor

www.iamdellgines.com Your Personal Entrepreneurship Professor www.iamdellgines.com Your Personal Entrepreneurship Professor How to REALLY start your business or non-profit: Introduction to going from zero to startup Introductions What Qualifies Me to Teach You Business

More information

Have Information to Make the Right Decisions!

Have Information to Make the Right Decisions! Here's Your Free Report... How To Stop Foreclosure! Dear Homeowner, My name is Michael Riley. I am a Real Estate Investor and I can share with you the secrets to saving your home from foreclosure. I have

More information

An Overview of Recordkeeping for Sole Proprietors

An Overview of Recordkeeping for Sole Proprietors An Overview of Recordkeeping for Sole Proprietors (and a companion spreadsheet for tracking income & expenses) Here's a guide to help you track your business income and expenses. It is designed to help

More information

Why Credit is Important

Why Credit is Important Page 1 Why Credit is Important Page 6 How to Protect Yourself from Identity Theft Page 7 Cosigning and Money Lending Tips Page 8 How to Avoid Credit Card Interest Why Credit is Important Learning to build

More information

CREATE TAX ADVANTAGED RETIREMENT INCOME YOU CAN T OUTLIVE. create tax advantaged retirement income you can t outlive

CREATE TAX ADVANTAGED RETIREMENT INCOME YOU CAN T OUTLIVE. create tax advantaged retirement income you can t outlive create tax advantaged retirement income you can t outlive 1 Table Of Contents Insurance Companies Don t Just Sell Insurance... 4 Life Insurance Investing... 5 Guarantees... 7 Tax Strategy How to Get Tax-Free

More information

Using Credit to Your Advantage.

Using Credit to Your Advantage. Using Credit to Your Advantage. Topic Overview. The Using Credit To Your Advantage topic will provide participants with all the basic information they need to understand credit what it is and how to make

More information

AVOIDING FORECLOSURE

AVOIDING FORECLOSURE AVOIDING FORECLOSURE Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.org Congratulations on taking this important step to a brighter financial

More information

Accounts payable Money which you owe to an individual or business for goods or services that have been received but not yet paid for.

Accounts payable Money which you owe to an individual or business for goods or services that have been received but not yet paid for. A Account A record of a business transaction. A contract arrangement, written or unwritten, to purchase and take delivery with payment to be made later as arranged. Accounts payable Money which you owe

More information

Unit 4: Taxes. Read this unit including websites. You may want to take your own notes.

Unit 4: Taxes. Read this unit including websites. You may want to take your own notes. Taxes Read Chapter 4 in the text. Read Chapter 7 of The Financial Checkup. Read this unit including websites. You may want to take your own notes. Are taxes your favorite topic? They are not the favorite

More information

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE All you need to know about buying and protecting your home THE FSA More Choice Financial Ltd, The Rufus Centre, Steppingley Road, Flitwick Beds MK45 1AH is authorised

More information

Budget Main Window (Single Bank Account) Budget Main Window (Multiple Bank Accounts)

Budget Main Window (Single Bank Account) Budget Main Window (Multiple Bank Accounts) Budget Main Window (Single Bank Account) Budget Main Window (Multiple Bank Accounts) Page 1 of 136 Using Budget Help Budget has extensive help features. To get help use Budget's Help > Budget Help menu

More information

BUILDING YOUR MONEY PYRAMID: FINANCIAL PLANNING CFE 3218V

BUILDING YOUR MONEY PYRAMID: FINANCIAL PLANNING CFE 3218V BUILDING YOUR MONEY PYRAMID: FINANCIAL PLANNING CFE 3218V OPEN CAPTIONED MERIDIAN EDUCATION CORP. 1994 Grade Levels: 10-13+ 14 minutes 1 Instructional Graphic Enclosed DESCRIPTION Most people will earn

More information

How do I get good credit?

How do I get good credit? Slide 1 Credit The information provided in this e-course is intended for educational purposes only and does not constitute specific advice for you as an individual. When evaluating your particular needs,

More information

Job seeking. This pack aims to provide you with a few pointers and tips on searching for a job. Click on the headings to jump to that sector.

Job seeking. This pack aims to provide you with a few pointers and tips on searching for a job. Click on the headings to jump to that sector. Job seeking This pack aims to provide you with a few pointers and tips on searching for a job. Click on the headings to jump to that sector. What is work? Applying for jobs Employability Skills Links Searching

More information

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Credit is the lifeblood of South Louisiana business, especially for the smaller firm. It helps the small business owner get started, obtain equipment, build inventory,

More information

ACCOUNTANTS DO MORE THAN COUNT BEANS

ACCOUNTANTS DO MORE THAN COUNT BEANS ACCOUNTANTS DO MORE THAN COUNT BEANS By Gerald G. Kepner, Jr. All Rights Reserved 2012 Gerald G Kepner Jr ACCOUNTANTS DO MORE THAN COUNT BEANS Accountants are a dime a dozen, so choosing the right accountant

More information

payment protection insurance: consumer questionnaire

payment protection insurance: consumer questionnaire our ref: payment protection insurance: consumer questionnaire WHAT IS THIS QUESTIONNAIRE FOR? This questionnaire is for consumers to bring a complaint about the sale of payment protection insurance (PPI).

More information

Roll over an inherited 401(k), help your children earn a credit for retirement savings and rack up tax savings in the process.

Roll over an inherited 401(k), help your children earn a credit for retirement savings and rack up tax savings in the process. P a g e 1 Article: Tax Savings for Empty-Nesters Author: Editor Date: April 2013 Source: Kiplinger Roll over an inherited 401(k), help your children earn a credit for retirement savings and rack up tax

More information

Heading H I V. and Discrimination YOUR LEGAL RIGHTS HIV AND DISCRIMINATION 1

Heading H I V. and Discrimination YOUR LEGAL RIGHTS HIV AND DISCRIMINATION 1 HIV AND DISCRIMINATION 1 Heading H I V and Discrimination YOUR LEGAL RIGHTS UPDATED FEBRUARY 2013 published by: AIDS Legal Council of Chicago 180 North Michigan Avenue, Suite 2110 Chicago, Illinois 60601

More information

Tax and Small Business: Navigating the ATO minefield as June 30 draws closer

Tax and Small Business: Navigating the ATO minefield as June 30 draws closer June 23, 2015 Tax and Small Business: Navigating the ATO minefield as June 30 draws closer The small business sector has variously been described as the engine room of the economy, as well as the biggest

More information

WHAT BANKRUPTCY CAN T DO

WHAT BANKRUPTCY CAN T DO A decision to file for bankruptcy should only be made after determining that bankruptcy is the best way to deal with your financial problems. This brochure cannot explain every aspect of the bankruptcy

More information

Buying a business. a practical guide BUILDING YOUR KNOWLEDGE. smallbusiness.wa.gov.au. The small business specialists

Buying a business. a practical guide BUILDING YOUR KNOWLEDGE. smallbusiness.wa.gov.au. The small business specialists Buying a business a practical guide BUILDING YOUR KNOWLEDGE Small Business Development Corporation 13 12 49 smallbusiness.wa.gov.au The small business specialists Buying a business The option to buy an

More information

Bankruptcy: Is It the Right Choice for You?

Bankruptcy: Is It the Right Choice for You? Bankruptcy: Is It the Right Choice for You? Find more easy-to-read legal information at www.ptla.org Introduction This is to help you to understand some basics about the bankruptcy laws and rules. This

More information

Organizing Your Finances After Your Spouse Has Died

Organizing Your Finances After Your Spouse Has Died Organizing Your Finances After Your Spouse Has Died Page 1 of 7, see disclaimer on final page Organizing Your Finances After Your Spouse Has Died What is it? Even if you've always handled your family's

More information

Chris Pan, CWM, MFP-USA. MBA (Financial Management)-Aust MBA (Marketing)-UK Email: wwpan@singnet.com.sg Http://www.FMDynamics.com

Chris Pan, CWM, MFP-USA. MBA (Financial Management)-Aust MBA (Marketing)-UK Email: wwpan@singnet.com.sg Http://www.FMDynamics.com Chris Pan, CWM, MFP-USA MBA (Financial Management)-Aust MBA (Marketing)-UK Email: wwpan@singnet.com.sg Http://www.FMDynamics.com Its Your Business and Your Life. If your re like most small business owners,

More information

A few tips to ensure that you claim correctly and receive your money as quickly as possible:

A few tips to ensure that you claim correctly and receive your money as quickly as possible: Car Insurance How can I keep my car insurance costs low? The first thing to do is bargain shop to make sure that the rates you are getting are reasonable in comparison to other companies. Within the policy

More information

Raymond James February 28, 2013

Raymond James February 28, 2013 Raymond James Crockett Bohannon & Jessica Thompson 11875 High Tech Ave. Suite 100 B Orlando, FL 32817 Office: 407-278-5051 Fax: 407-278-5052 crockett.bohannon@raymondjames.com www.foundationsfinancialpartners.com

More information

H O W T O A V O I D F O R E C L O S U R E F O R E C L O S U R E

H O W T O A V O I D F O R E C L O S U R E F O R E C L O S U R E U.S. Department of Housing and Urban Development H O W T O A V O I D F O R E C L O S U R E F O R E C L O S U R E This booklet explains how property owners can avoid losing their homes because of delinquent

More information

Insurance is an essential financial planning tool.

Insurance is an essential financial planning tool. Insurance is an essential financial planning tool. The purpose of insurance is to transfer risk. Unless you have a large amount of cash set aside, you need to transfer that risk to someone who can afford

More information

BANKRUPTCY. What is the difference between a Chapter 7 and a Chapter 13 bankruptcy?

BANKRUPTCY. What is the difference between a Chapter 7 and a Chapter 13 bankruptcy? BANKRUPTCY Bankruptcy means you ask the court to excuse you from your duty to repay your creditors. A person or business you owe money to is called a creditor. Bankruptcy allows you to discharge (get rid

More information

WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13

WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 (Revised January, 2002) This booklet was prepared to help you understand how your Chapter 13 case works and answer most questions that arise during your Chapter

More information

Keep the IRS from Taking Your Paycheck: Guide to Wage Garnishment and How to Stop It 1.866.866.1555. www.toptaxdefenders.com

Keep the IRS from Taking Your Paycheck: Guide to Wage Garnishment and How to Stop It 1.866.866.1555. www.toptaxdefenders.com Keep the IRS from Taking Your Paycheck: Guide to Wage Garnishment and How to Stop It 1.866.866.1555 www.toptaxdefenders.com What You Need to Know about IRS Wage Garnishment When you fall behind on your

More information

STEP 1: DOCUMENT COLLECTION

STEP 1: DOCUMENT COLLECTION STEP 1: DOCUMENT COLLECTION Because your filing will require many details and documents and because the court is both picky and strict about information, documents are needed from you. Income Tax Returns

More information

Introduction to Accounting

Introduction to Accounting Introduction to Accounting Text File Slide 1 Introduction to Accounting Welcome to SBA s online training course, Introduction to Accounting. This program is a product of the agency s Small Business Training

More information

PKF Carr & Stanton. fastgrowth. Challenges for growing small businesses. Why you should hire an accountant?

PKF Carr & Stanton. fastgrowth. Challenges for growing small businesses. Why you should hire an accountant? PKF Carr & Stanton fastgrowth Challenges for growing small businesses Why you should hire an accountant? January 2016 Why you should hire an accountant Accountants can help out at various stages during

More information

English as a Second Language Podcast www.eslpod.com. ESL Podcast 292 Business Insurance

English as a Second Language Podcast www.eslpod.com. ESL Podcast 292 Business Insurance GLOSSARY to lose control of (something) to no longer be in control of something; to not be able to influence how something moves or happens * When I was driving home last night, I thought I was going to

More information

Important Information for Chapter 13 Participants

Important Information for Chapter 13 Participants Important Information for Chapter 13 Participants Keep this book for reference thoughout your plan. INTRODUCTION. Chapter 13 is one way under the Bankruptcy Code to obtain relief from your creditors while

More information

You're Getting Divorced: Now What? By Tom Norton, CPA, CDFA

You're Getting Divorced: Now What? By Tom Norton, CPA, CDFA You're Getting Divorced: Now What? You've decided that your marriage just isn't working out, and that you need to get a divorce. It's not an easy decision, but it's one you feel you have to make. Or, your

More information

Instructions Bankruptcy Forms for Individuals

Instructions Bankruptcy Forms for Individuals Instructions Bankruptcy Forms for Individuals U.S. Bankruptcy Court December 2015 (Rev. April 2016) About this Booklet of Instructions... 1 About the bankruptcy forms and filing bankruptcy... 2 Understand

More information

THE EMPLOYMENT ACT AND YOU GUIDE FOR EMPLOYEES

THE EMPLOYMENT ACT AND YOU GUIDE FOR EMPLOYEES THE EMPLOYMENT ACT AND YOU GUIDE FOR EMPLOYEES An explanation of your rights, benefits, protection and duties as an employee, under the Norfolk Island Employment Act. 20081106 Norfolk Island has its own

More information

Financial Planning and Your Small Business

Financial Planning and Your Small Business Financial Planning and Your Small Business FAMILY PLANNING EDUCATION INVESTMENT RETIREMENT SAVING EQUITY FAMILY PLANNING EDUCATION INVESTMENT RETIREMENT SAVING EQUITY FAMILY PLANNING EDUCATION INVESTMENT

More information

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement GUIDE TO RETIREMENT PLANNING Making the most of the new pension rules to enjoy freedom and choice in your retirement FINANCIAL GUIDE WELCOME Making the most of the new pension rules to enjoy freedom and

More information

IT & Small Businesses. It can help grow your small business and cut cost where you never thought possible.

IT & Small Businesses. It can help grow your small business and cut cost where you never thought possible. It can help grow your small business and cut cost where you never thought possible. Contents Introduction Cutting Cost Saving Time Creating a Competitive Advantages Conclusion 3 4 9 12 13 2 Title of the

More information

Rights & Options When You Owe Money

Rights & Options When You Owe Money Are you 60 or over? If yes, free legal assistance is available. If you have a debt collection or other consumer problem, please call Consumer Law Project for Elders 1-800-296-1467 Call SLS for help if

More information

Online Advisor August 2015. Major Tax Deadlines For August 2015

Online Advisor August 2015. Major Tax Deadlines For August 2015 Online Advisor August 2015 Major Tax Deadlines For August 2015 Note: Businesses are required to make federal tax deposits on dates determined by various factors that differ from business to business. Payroll

More information

The Goodman Law Firm, P.A. 1 Dana Street, 4th Floor P.O. Box 7523 Portland, ME 04101

The Goodman Law Firm, P.A. 1 Dana Street, 4th Floor P.O. Box 7523 Portland, ME 04101 The Goodman Law Firm, P.A. 1 Dana Street, 4th Floor P.O. Box 7523 Portland, ME 04101 Fax: (207) 772-2778 www.goodmanlawfirm.com Tel: (207) 775-4335 joseph@goodmanlawfirm.com What Is Bankruptcy? ANSWERS

More information

WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13

WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 YOUR TRUSTEE S NAME, ADDRESS, AND TELEPHONE NUMBER: Nancy J. Whaley Standing Chapter 13 Trustee 303 Peachtree Center Avenue SunTrust Plaza Garden Offices, Suite

More information

Working to standard: a code of conduct for support workers in health care. 1.1 Welcome to this code of conduct for support workers in health care.

Working to standard: a code of conduct for support workers in health care. 1.1 Welcome to this code of conduct for support workers in health care. Code of conduct for Healthcare Support Workers Working to standard: a code of conduct for support workers in health care 1. Introduction 1.1 Welcome to this code of conduct for support workers in health

More information

How to Use Your Retirement Funds to Finance Your Small Business with No Taxes or Penalties. How To Use Your Retirement Funds to Finance Your Business

How to Use Your Retirement Funds to Finance Your Small Business with No Taxes or Penalties. How To Use Your Retirement Funds to Finance Your Business How To Use Your Retirement Funds to Finance Your Business By Bill Seagraves, President January 25, 2009 TABLE OF CONTENTS Overview Succeed in Business and Retire Wealthy: It s All About Cash Flow The Rich

More information

SMALL FIRM ROUNDTABLE: STARTING YOUR OWN SMALL FIRM

SMALL FIRM ROUNDTABLE: STARTING YOUR OWN SMALL FIRM SMALL FIRM ROUNDTABLE: STARTING YOUR OWN SMALL FIRM By: Jim Quadra Factors to Consider When Deciding to Open Your Own Law Firm 1 Is being your own boss worth the pressure to you? 2 Are you confident in

More information