Small Business Loans From Rapid Advance

Some of the best names we have as clients include names like McDonalds, Subway, Domino’s Pizza, La Bella Vita, Inc., Dunkin Donuts, Saxby’s Coffee, New Horizons Computing Learning Centre, Country Hearth Inn, Tan Republic and so on. Some of the recent names include Lawn & Garden, Gas Station, Sporting Goods, Automotive, and Clothing& Apparel….. Well, yes we have no. of clients who can actually be converted into a list. It’s simply because people show faith in us and we do everything we can to keep their trust. 

We at Rapid Advance believe that normally a business needs money in two situations – one when it is beginning and secondly when it is going through a bad phase. We offer advances in both conditions.

Starter Advance or Small Business Loan Program

Starter Advance is something which we offer while you are at the phase of just beginning your business; that is when you are starting it. Small Business Loan Program is for those kinds of start-ups who have been in any kind of business for at least one year. We offer large amount of sums to those who have been running successfully for the past one year. (Yes we do, read any of the Rapid Advance Reviews…)

Computation of the loan amount is done on the basis of gross sales. We believe it is a showcase of how much cash you will require and also this is the meter as to how much you will repay within the stipulated time.

The manner in which you can apply for this kind of loan is simple

1. Fill in the application form
2. Enter your details like company name and details of your work
3. Get a free Quote from us.
4. Discuss details with our Financial Advisor and get the best plan for your business
5. Do the formalities and get approval with 48 hours of submitting all the documents. 
6. Once the loan amount is approved, chalk out a plan as to how you will repay the loan amount in a fixed manner.
7. Get free advice about how best you can run your business. 

This kind of program best fits for start-ups who generate sales through VISA or Merchant Card Processing. Rapid Advance provides you with a lump –sum loan amount with which you can run your business smoothly. For this you have to agree upon a set amount of future credit card transactions. 

This program has a lot of benefits like funding when you require it. 80% of the people doing business, who apply for this kind, get approval within 10 days of application. Repayment is easy as when credit card payments are low; our repayment amount automatically goes down. 

On the other hand, as and when your business transactions grow, your repayment amount too grows. This program does not require any kind of collateral, personal guarantee or security needs. 

Last but the least – the amount funded can be used for any kind of business and in any phase of the business – as long as it is legal. We do not interfere.(Ask any of Rapid Advance Reviews…)

That comes to the end of the story. However, practical part comes when you actually contact us and we began working. So, call us today….

How the Affordable Care Act Could Affect Small-Business Taxes

Small-business taxes are about to become significantly more complicated thanks to the Patient Protection and Affordable Care Act (PPACA). Understanding and planning for these changes now instead of later will give your small business a competitive edge in the coming tax years. 

Because of PPACA, small-business owners need qualified accountants more than ever before. If a career in accounting interests you, then now is a good time to find out more about available online graduate tax programs. The IRS has a good resource center for more in-depth exploration, but it's no replacement for a qualified accountant.

The PPACA Contains No Mandate for Small Businesses

All small businesses with fewer than 50 employees are exempt from any employer responsibility requirements. They can take advantage of tax credits and health insurance exchanges if they want to offer coverage.

Starting in 2015, businesses with over 50 employees that either do not offer coverage or do not offer “affordable” coverage will have to pay a fine.

· In businesses with more than 50 workers, the employee's share of the premium for his or her own policy should cost no more than 9.5 percent of his or her wages. If the employee's share of premiums exceeds 9.5 percent of wages, then the coverage is not considered “affordable.” Businesses can offer insurance for family members, but employee contributions toward those policies are not subject to the 9.5 percent premium cap.

· Businesses with more than 50 employees that offer no health insurance will pay a $2,000 fine for each employee after the first 30. For example, if you have 53 employees, you will pay $2,000 x 23, or $46,000, if one of your employees receives a tax credit for buying insurance through an exchange.

· Businesses with more than 50 employees that do not meet the 9.5 percent requirement will also pay a penalty. These companies will pay $3,000 for every employee that purchases individual coverage through a health insurance exchange and receives either a premium tax credit or a cost-sharing reduction.

Tax Credits Small Businesses Can Get for Offering Health Insurance

Small businesses meeting the following requirements are eligible for a tax credit to offset the cost of purchasing health insurance for employees:

• Employ fewer than 25 full-time employees. Workers count as full-time if they work 30 or more hours per week. Two part-time workers is the equivalent of one full-time worker under the law. Seasonal employees can work no more than 120 days per year or else they will count as part-time workers.
• Pay average annual wages of $50,000 or less
• Contribute 50 percent of total premium cost for employees

Currently, small businesses are eligible for a tax credit of up to 35 percent of their contributions toward employee premiums. In 2014, the credit rises to 50 percent of contributions as long as insurance is purchased through state insurance exchanges. The 50 percent credit is offered for two years.

Tax Planning Issues to Talk Over With Your Accountant

When you're deciding what you want to do about offering health insurance, these are some questions that you should address with your accountant:

• How many employees should I hire? If you're near the 50-employee cutoff, then you may want to make sure that you have no more than 50 employees to avoid penalties. Also, you may want to be careful to limit your seasonal employees to 120 days. 
• Will I benefit from purchasing employee coverage from state health insurance exchanges? Combining the tax credit with potentially lower premiums from the state health insurance exchange may lower your overall costs. Alternatively, a private insurance option may be more affordable. 
• Should I offer coverage if I have more than 50 employees? Your accountant can calculate whether coverage would cost more than the penalty for not having it. You'll also need to weigh whether insurance is an important benefit for hiring and retaining employees.
• What procedures should I change? Work with your accountant to adjust your HR and payroll procedures to meet the new reporting requirements.

Finally, tell your accountant that you expect to be kept informed about changes in the health care laws. In all likelihood, the law will undergo changes and modifications as it rolls out. Working closely with your accountant to navigate the changes could save your small business a significant amount of money.

About the Author: Gary Robertson, M.A., C.P.A., provides tax planning services for small businesses.

Understanding Small Business Loans

(Photo credit: Wikipedia)

If you are thinking of getting a small business loan, you must know what you are getting into and be prepared. Financial institutions are becoming more timid to loan money in this market so your plan must be concrete. Look extensively into your business and see what the top priorities are and what needs to be done in order to make it more successful. Think big picture and make sure you understand the difference between needs and wants for your company. 

Some things to consider are:

1. How much do I need? Be wary not to take too much or too little. 
2. What exactly will this loan be used for? The more detailed the better. 
3. How much you can afford to pay on the loan each month? Be realistic. 
4. What assets can you use as collateral? 

Make a plan

Use the questions above to help you decide what you really want out of a loan. A small business loan is usually a big commitment and with any big investments like that you want to make sure you go into it knowing exactly what the money will be used for, how it will improve your business, and have confidence that you will be able to pay it back entirely. 

Asset assistance

Financial institutions are not known for handouts. They want to protect their investments and this can make getting a small or a large business loan difficult to attain. When you go into a loan you want to put your best out there and show them you are responsible and able to meet your burden of the loan. Handshakes and verbal promises are long gone, but assets speak volumes. If you are certain that this loan will further grow your capitol game it may be necessary to use assets to back up the loan. Assets can be anything from:

• Equity on your home 
• Real estate property 
• Inventory or equipment 
• College funds/IRA’s 
• And more 

If your assets are low, you can also consider having a cosigner for the small business loan. 

Use it right

Once a business loan is secured it is up to you to make sure the funds you receive go to precisely the areas you want it to and that it is making a difference. If you begin and realize that this isn’t what you were expecting that sit down and draft another plan until you reach the scenario that will best suit your business needs and long term goals.

Often times a financial advisor can help you do this and make sure you get the most of of the loan. If you didn’t qualify for as much as you were hoping, a strategic planner will work with the numbers to ensure that your business will not only make enough for you to get by, but for the company to thrive. Ultimately that is any business owners' goal, to grow and grow. 

Small business, big results

If you are reading this, chances are you are a small business owner. The best advice to anyone in your situation is to plan, plan, plan! The more you take a step back and plan for your company the better the outcome will be. You need to continually re-evaluate what is best and when the time is right to go for a loan to help build it even more. Click Here to find out more about Business Loans.