Improve Your Restaurant’s Business

Posted on by Tsfp6 in Money Times | Comments Off on Improve Your Restaurant’s Business

A group of friends enjoying a fine-dining experienceOne of the things that makes any business a success is people. People who work in the enterprise, as well as the customers that a company provides products or services for. With this in mind, every restaurant owner should make an effort to make people happy to ensure the longevity of his/her business.

How to Make Customers Happy

The term ‘hangry’ describes a person who is irritable or moody because s/he is hungry. This just shows how people can change when they are in need of nourishment. Incidentally, this may also demonstrate the importance of restaurants within the foodservice industry.

Any restaurant owner desires to provide sumptuous fare as well as impeccable service and surroundings to his/her customers. However, s/he can only do this with updated equipment. And because restaurants need money regularly to keep them in operation, sometimes it may be difficult to find funds to allocate for repairs or the purchase of new equipment. This problem can be properly addressed with ARF Financial‘s restaurant financing.

However, the work doesn’t end once the kitchen equipment is updated and overseen. Additionally, the restaurant atmosphere should also be well-maintained. This includes the upkeep of physical assets such as chairs and tables, as well as other design accouterments. Of course, service also plays a big part in the dining experience. Sometimes this may be the key in heightening the enjoyment of diners. Making sure that customers are happy, not just with their food but also the whole dining experience, will keep them coming back for more.

Apart from service, foodies also greatly value creativity. The introduction of unique dishes or drinks for given periods of time, as well as attractive promotions, will draw existing customers, and even new clients. Posting these novel offers on social media will undoubtedly grab their attention and make them want to visit your restaurant real soon.

Could You Use Your Vacation Home for a 1031 Exchange?

Posted on by George Cummins in Money Times | Comments Off on Could You Use Your Vacation Home for a 1031 Exchange?

a couple looking at their vacation houseSo you have a vacation home that you’d like to use for a 1031 exchange. The question is, could you? The simple answer is yes, your vacation home might qualify for a like-kind exchange considering that you follow specific guidelines and your vacation home meets certain rules. So how do you know if yours could meet the IRS’ stringent eligibility rules?

Qualification Requirements for 1031 Vacation Home Exchanges

Say, you stopped using your vacation home, lease it for several months, and then decided to exchange it for like-kind property. In this scenario, you’re now a landlord, and your vacation home is now an investment property, meaning that you could potentially use for a 1031 exchange in Nevada, notes 1031 Exchange Place. However, if you don’t actually have regular tenants, your vacation home won’t probably qualify.

The key is timing, meaning that the more time that passes after renting out your vacation home, the better. While there’s no set standard, six months to one year should be enough.

However, if you’re looking to use your exchanged property as a primary or second home, you won’t be allowed to live in it right away. According to the Safe Harbor Rule of the IRS, it won’t challenge the eligibility of a replacement dwelling as an investment property provided that it meets the Safe Harbor qualifications below:

  • You own the property for a minimum of 24 months immediately after your 1031 exchange;
  • You should rent out the property at a fair rental rate for a minimum of 14 days; and
  • Your use of the property shouldn’t exceed more than 10% of the days you’re renting out the unit or 14 days.

Other Vital Things to Know

After you’ve successfully completed a 1031 exchange using your vacation home, you won’t be able to convert your newly exchanged real estate to your primary residence and benefit from the $500,000 exclusion, as was the norm before the IRS modified the law in 2004. Currently, if you obtain real estate in a like-kind 1031 exchange and then later try to sell it as your primary home, the $500,000 exclusion won’t apply to you for five years starting from when you obtained the like-kind property. Put simply, you’d need to wait for some time to utilize the primary home capital gains tax benefit.

If you’re seriously considering a 1031 exchange using your vacation home, consult an experienced qualified intermediary to find out your property is eligible for an exchange.

Selling Property in the U.K.? Here Is What You Need to Know About Stamp Duty Tax

Posted on by George Cummins in Money Times | Comments Off on Selling Property in the U.K.? Here Is What You Need to Know About Stamp Duty Tax

House for sale signSelling property requires several conveyancing steps — submitting documents, paying taxes and duties as well as sorting other documents.

The stamp duty land tax is a form of transfer tax on the land transaction, in the form of the property sale documents. Websites such as the Stamp Calculator have an online stamp duty land tax calculator, which can compute the amount due depending on the value of the property sold.

A Place in the Process

Whether there is any amount you need to pay or not, you have to submit a return to the HM Revenue and Customs office within a specified amount of time. If the HMRC does not receive the return within the given time frame, the taxpayer will have to pay a fine.

Once the HMRC accepts the return, they release a certificate to the taxpayer, who then has to register a change in the property ownership.

The stamp duty land tax uses a graduated scale of values. There are no taxes for transactions worth up to £125,000; for transactions worth £125,001 to £250,000, 2%; from £250,001 to £925,000, 5%; from £925,001 to £1,500,000, 10%; and over £1,500,000, 12%.

For second homes, buyers will pay an additional 3% aside from the figures above. The value considerations do not need to be cash; they could also include improvements or some other civil work stated in the document, which could increase the worth of the property in terms of stamp duty.


There are special rates for other types of purchases. These categories include properties bought by corporations, purchases made by individuals involving six or more properties in a single transaction, or multiple purchases and transfers between the same set of buyer and seller — collectively called linked purchases. The stamp duty could have some tax relief for these circumstances.

Tips for Finding the Right Mortgage Lender

Posted on by Tsfp6 in Money Times | Comments Off on Tips for Finding the Right Mortgage Lender

mortgage loan agreementApplying for a loan is not an easy process, especially if this is your first time. Aside from familiarizing yourself with the terms, numbers, and figures that are important in making sure that you sign the right deal, finding a person who can help make all this possible is also a must.

The right professional is known as a mortgage lender. They give you the money to help fund your purchase for a house, car, business, etc. Finding the right one is not easy as you should be able to prove that you are worthy of being trusted, while at the same time find one who can offer you reasonable terms and rates. Mortgage lenders in Sandy are plenty, and here are some tips to help you find the right one.

How to find the right mortgage lender

Your type of lender

There are different kinds of lender available, and it is essential to know which type of lender you need before approaching one. Doing so can help you secure more reasonable rates under more reasonable terms.

Consult with your real estate agent

If you do not have any idea where to start, asking your real estate agent for any recommendations would be a good move. If not, asking for recommendations from friends, family, and even online, can always get you somewhere.

Research online

Nowadays, almost anything can be accessed online. Thus, once you find a lead, make sure to run it through the internet for a background check. This will help you know more about your potential lender and whether or not he is the right man for the job.

Review different rates

Get at least three different quotes from various agencies and compare their terms and policies. This will help you weight things a lot easier, and that will eventually lead you to the right direction.

Educate yourself and see how finding the right mortgage broker can be as easy as a walk in the park.

Here’s One Reliable and Flexible Asset-Based Financing Option You Should Consider

Posted on by Tsfp6 in Money Times | Comments Off on Here’s One Reliable and Flexible Asset-Based Financing Option You Should Consider

Financing officerAsset-based lending, for decades, has been a popular financing choice to secure capital under restricted cash flow and high-interest rate loan options.

Recently, it has also been a growing tool for many borrowers who are seeking for loan opportunities equipped with financial maintenance covenants and flexible terms and conditions.


With asset-based lending, companies that lack disposable cash can borrow against their existing assets, such as machinery and inventory. The loaned sum is often used to fund operational needs, such as payroll and capital purchases. Such dependability makes asset-based lending a popular financing option.

Asset-based lending is perfect for companies abundant with accounts receivable and inventory. Such companies, either small or large, operate in many industries, including wholesale, retail, rental, transportation, logistics, oil and gas, and durable goods manufacturing.


In the lending world, agreements run deals, and future deals rely heavily on their successful implementation. With asset-based lending, borrowers want the same covenant package across their instruments (i.e., high-yield bonds), the term loans as well as their other asset-based loan credit facilities.

Besides easing the loan process, being able to negotiate with covenants allows borrowers to check with their term loan and debt agreements throughout the life of the loan.

Another source of flexibility with asset-based lending is the creation of an integrated capital structure, which helps borrowers in solving issues that are inherent in the loan process.

The borrowing base under asset-based lending resizes the availability of funds when the business expands or contracts, ensuring greater control to the lender and, hence, avoiding unwanted losses. More so, asset-based loans are self-liquidating. Receipts automatically repay outstanding loans.

Asset-based lending is a reliable and flexible financing option in most industries and companies of all sizes.

Important Things to Consider Before Investing

Posted on by Tsfp6 in Money Times | Comments Off on Important Things to Consider Before Investing

business man with rising coinsIn the light of the current political situation in the UK, an increasing amount of clients is deliberating whether investing or making changes to their investment portfolio is the right to do. Some investors are making quick decisions without taking into consideration their long-standing financial goals and interests and this can create problems.

Most investment companies in London, including Amyma, are not approved or controlled by the FCA and for this reason, they are unable to consult clients on financial matters or opinions in terms of investment portfolios or other investment activities. Potential investors should seek financial advice from FCA-regulated advisors before turning to an investment provider.

Financial Plan and Goals

Clients who wish to invest via investment companies in London, should go through their financial circumstances – this is especially important for clients who have never invested before. The first step to effective investing is creating a financial plan with realistic goals. In general, investment carries many risks and there is no guarantee that investors will make money from their investments. However, planning in advance and investing smartly is important for clients who wish to achieve financial security over the years.

Taking Risks

Prospective investors should always have in mind that investments involve a certain amount of risk. For instance, capital bonds may involve risking a certain amount of money or even the entire amount invested. However, carefully planning an investment plan can mitigate this risk to a certain extent.

On the other hand, risk can be a positive trigger and lead to a larger investment return. This is especially true for clients whose financial goals are long-term and are more likely to earn money by carefully investing in high-risk asset categories, such as bonds.

Mixing It Up

Mixing investments is another thing that potential investors, who are looking into investment companies in London, should take into consideration, since this can protect against significant financial losses. Different types of investments thrive under different market conditions and, commonly, market conditions that cause a certain type of investment to do well often cause another to produce average or bad results. However, investing in more than one asset categories often helps investors reduce the risk of financial loss in the long run.

Tips for Improving Revenue Cycle Management

Posted on by Tsfp6 in Money Times | Comments Off on Tips for Improving Revenue Cycle Management

Man writing on a paper with bars and piesRevenue cycle management is one of the most critical concerns faced by healthcare providers in the country. After all, dealing with huge amount of numbers, policies, coverage and the like from different patients with different conditions is not easy. But, revenue management cycle is something that needs to be worked upon.

Fortunately, there are means to improve hospital revenue cycle management. A combination of human skills improvement and technological advancement can help get the job done.

Tips to improve hospital revenue management:

Utilize available software

There is various software designed to help manage revenue cycles in hospitals. All you have to do is find one that suits your needs. A good amount of research is needed to find the right one. Consulting with professionals can help you.

Have the right people

Aside from asking recommendations from the right people, having the skilled individuals who can operate the said system is also needed. This does not mean actual computer operation, but also work like data collection and input, or simply dealing with patient concerns.

Organize data

Like in taxes, it pays to be organized. Having the documents and receipts classified all together can help not just you, but the whole institution to operate the way it should.

Review your data

Data is collected not just to be stored but also to be reviewed and analyzed. Assign someone to tally and review your data to make sure that every single step is accurate.

Continue learning

Keep yourself updated with the latest systems. Train your people to cope and educate them to manage revenues in various methods. Continuous learning is the key to growth and improvement.

Are you having a hard time managing your revenues? Hold on to this guideline and see how it can help change your revenue cycle operations.

Refinancing: Pros, Cons, and What it Can Do for You

Posted on by Tsfp6 in Money Times | Comments Off on Refinancing: Pros, Cons, and What it Can Do for You

a loan applicationRefinancing a home mortgage can be daunting. You can solve financial troubles in many ways, so consider the benefits and disadvantages of each option.

Refinancing vs. Mortgaging

To be clear, refinancing is different from getting a second mortgage. Financing expert Primary Residential Mortgage, Inc. states that a second mortgage simply allows you to make use of the equity you have in your property, thus leaving you with two loans.

Refinancing wipes out the original mortgage and replaces it with a brand-new one. Before agreeing to refinance, check that the terms of the new loan are better than the old one—this is assuming it was your choice to get refinanced.

Getting out of a Bad Thing

Home mortgages are not created equally. A deal you had several years ago may not be the best deal you can get today. Adjustable rate mortgages are a good example of this type of arrangement.

These come with an attractively low-interest rate for the first year or so, but look out: you may be surprised to find that the interest rate has tripled (or more!) afterwards.

Sometimes, when you’re no longer in control of the property – as in a divorce settlement or anything similar – and yet you’re still responsible for the mortgage, the only way to get out of it and change the co-signatory is to refinance it.

Perhaps you would also like to pay your mortgage sooner. You can refinance a thirty-year mortgage to a ten- or fifteen-year one instead. You may also do the opposite should you want to lower your monthly amortizations.


Most lenders only allow refinancing without private mortgage insurance (PMI) if your loan to value ratio is at 80% or less. So if your home is valued at 100,000USD, you can only refinance without PMI if you owe 80,000USD or less on it. PMI will add an extra cost to your amortization making refinancing ill-advised.

If, however, your mortgage is under Freddie Mac or Fannie May, you can use a Home Affordable Refinance Program (HARP) on your home loan.

By consulting a mortgage lender, you stand a good chance of getting the best deal for your situation.

What Does it Take to Secure A Business Loan Application?

Posted on by Tsfp6 in Money Times | Comments Off on What Does it Take to Secure A Business Loan Application?

Businessman pressing a Business Loan concept buttonYou have multiple financing options to sustain or expand business operations. An option to consider is applying for a business loan, which can provide you with further capital to carry out your business plans. Wasatch Peaks Credit Union shares that Small Business Administration Loans, SBA-guaranteed government loans, and online loan access are just some loans your business can access.

But before you choose one over the other, consider the following steps to securing a suitable loan.

Present a Comprehensive Business Plan

A comprehensive business plan doesn’t just provide you with a blueprint for how you’ll achieve goals for your company. This critical guide also allows you to meet a requirement for your loan application.

A business plan has different details. One is a market analysis of the business, which acts as a statement of your experience. Another is the statement of collateral, which details the type of assets you intend to utilize to get the loan. Your plan also needs to include financial statements spanning a certain period, which gives your lender an overview of your business’s financial health.

Set the Right Amount Needed for the Business Loan

After preparing the business plan, you now have an idea about the approximate amount of loan that your business needs. Do not apply for more than what you can pay. Lenders may doubt your intentions and credibility. Also, do not lessen the amount of the loan because an insufficient working capital delays your plan and leads to more problems.

Prepare and study your financial projections, like cash flow, income statement, and balance sheet. This helps in knowing if you can pay the loan based on your estimated time frame.

Develop a Reliable Attitude

Your attitude may affect the lender’s decision about the loan application. Show consistency in your actions as you apply for the loan. Provide only accurate and factual information. Clarify if there are confusing details about the terms and conditions. Miscommunication could lead to the rejection of your loan application.

Do not delay in submitting additional documents upon request of the lender. Be patient in gathering documents and meeting requirements, so you increase your chances of getting the loan.