Hopefully you never have to deal with a tax levy imposed by the IRS. Unfortunately, many people do have to face this reality every year. A tax levy is pretty simple to understand. This is a legal process in which your property is seized to satisfy tax debt. In other words, if you owe money … Read more
Sales turnover and net profits may follow a rollercoaster pattern familiar to most business but when the cash flow dries up the game is over. Cash flow management is critical not just to business performance but to business survival in the days and months of a credit crunch. Accounting software can offer many solutions but … Read more
How do you obtain an excellent mortgage loan with bad credit? We hear this question being asked somewhat more often. And typically, the answer we obtain isn’t the answer we like to hear. Indeed, we’re aware that a negative credit rating does give us access to the great rates, but there are ways where we … Read more
If you’ve received a hefty sum of cash, the cash might be paid to you in increments, a plan known as being a structured settlement. It doesn’t matter if you ever won a settlement through a lawsuit, or make the grand prize of the lottery, or receive an annuity payment every month, you might go … Read more
Generally, income as a result of personal injury is not taxable, depending on the specific type of award. However, some areas are taxed as income. For this reason, and the fact that there is a certain amount of gray area when settlements are not categorized into specific taxable groups, many settlements are set up in … Read more