Other News & Stories

3 Things You Need to Know About VAT Funding

Accountant's spreadsheet and calculatorVAT stands for Value-Added Tax. This is a type of tax that is often added to a product if there is value added towards the final sale or during the final stages of its production. For instance, if you buy a laptop that is produced somewhere in Europe, the laptop manufacturer pays VAT on every piece of material used to produce the said product. As the end consumer, you pay the applicable VAT. Now, there are cases when the manufacturer needs to get a loan to pay for the VAT they are being charged with.

Corporate and Medical Finance Ltd lists some of the things you need to know about an application for VAT loans.

How does a VAT loan work?

First, you need to find a lending company that offers VAT funding. You inform them about the amount of VAT debt you need to pay, and they will create a proposal to finance the debt for a particular period, normally between three and 12 months.

What are the advantages of getting a VAT loan?

For several SMEs, VAT payments can largely affect their cash flow, especially if there are a lot of challenges and setbacks. This means that the company often need to reduce their working capital just to cover the VAT payments. A VAT loan or funding can help SMEs lighten their load by stretching the payments within a specific term, freeing up any bottlenecks without the worry of being delayed in VAT payments.

Do I need to have good credit to have my VAT loan approved?

Like any loan, lending companies conduct credit and risk profiles checks to ensure credibility and establish good status before the VAT funding is approved. This is why borrowers are advised to work on their credit scores first so they can easily apply for VAT funding and help their cash flow to improve.

Get a VAT Loan Today.

If you’re having trouble with your VAT payments, consider applying for VAT funding. It’s a good and flexible financial solution to your VAT payment problems.

 

 

September 13, 2017 at 5:26 pmMind of Money

The Truth about Botox and Why You Shouldn’t Fear It

Doctor holding a medical syringeOf the many different types of cosmetic treatments that have become hugely popular and commonly sought after, Botox injections continue to rank high on the list. Despite its continued rise to stardom though, a lot of people still have misconceptions about them. And a big contributor to this stigma is the lack of awareness on how numerous studies and research have already proven of their many different benefits.

So before you completely disregard the thought of going to a Botox specialist in Salt Lake City, you should familiarize yourself with the facts about this substance first.

It’s all about the dosage.

One of the most commonly feared things about Botox injections is their toxicity. Yes, these injections come from the Botulinum toxin, a poisonous substance. However, it only poses a danger to humans when taken in high dosages. In other words, as long as its administration remains within the right amounts, it will deliver the intended results.

The cosmetic benefits

In minimal doses, Botox injections can rejuvenate and freshen a person’s appearance. The substance’s power to freeze muscle contractions ease the most common signs of aging, minimizing the appearance of creases, fine lines, and sagging among many others.

Going beyond aesthetics

But the strength of Botox goes beyond this; in addition to its cosmetic benefits, studies have also found the same properties it possesses to positively impact other aspects of a person’s health, particularly the muscular system. From conditions such as eye squinting to eyelid spasms, cross eyes to muscle spasms, and even leaky bladders, headaches, and migraines, this substance has proven itself as an effective treatment.

In a nutshell, Botox injections aren't something you should fear, especially with the kind of innovations and advancements that the cosmetic industry has undergone in the past years. As long as you choose the right professional to administer it, you don’t have anything to worry about.

September 11, 2017 at 2:09 pmHead of Health

Small Business 101: The Role of the CFO

CFO text on a black blockIt’s fairly common for small business owners not to have their finances completely ironed out. However, it’s extremely vital that owners know how they’re finances are doing at the least. Getting an accountant to help out is great, but having a CFO or chief financial officer would be better. With a CFO, you’ll have someone to focus on your finances, while you concentrate on making your small business successful.

What a CFO Could For You

When you bring a CFO into the fold, his or her job will be focused on strengthening your financials by doing the following:

  • Financial Forecasts – provide financial projections, including detailed budgets by department
  • Business Planning – make suggestions that would fit your budget and goals
  • Pricing – help create economic models for setting prices
  • Monthly Management Reports – these include current and past financial data
  • Rolling Cash Projections – will help you better respond to present and future business conditions
  • Yearly Operating Budgeting – will aid you in keeping track of salaries, operations and maintenance plans, and various expenses
  • Three to Five-Year Financial Planning – provide projections for revenue and expenditures in these periods, as well as establishing corresponding strategic objectives
  • Debt and Equity Negotiations and Management – restructure debts to resolve liquidity issues and create a payment schedule and budget for repaying debts
  • Mergers and Acquisition – this includes business valuation
  • Liquidations – more strategic reallocation of company property and assets

If You Don’t Have the Funds to Employ a CFO

If you lack the budget to hire a CFO outright or feel that you don’t need all the bells and whistles that a full time CFO could offer, you have another option. You could opt for a firm like Consero Global that could help with your business’ day-to-day financials such as bookkeeping and accounting and perform CFO consultant service.

When you outsource these, you’ll have more free time to focus on your business operations and making it grow. Put simply, the firm you’ll hire would be responsible for ensuring that all your financials are on track. Although this would cost you some money now, you’ll find that it’s well worth it as your business expands and become more profitable.

September 9, 2017 at 1:00 amMind of Money