Business & Finance World News

Is a Better School Worth the Extra Cost? – Money Mailbox

May 27th, 2010

How do you know whether more student loans are the way to go?
Jennifer wants to know…

I’ve been enjoying reading your blog for quite some time now. I have an issue I was hoping you could provide input with, from a financial perspective.

I am trying to get a 2nd B.S. degree in engineering, and debating between a UC and a Cal State. Obviously UC’s cost more, so that’s where the financial issues come into play. Do you believe taking out an extra $20-25K in loans (on top of the already existing $10K from 1st B.S. degree) is a smart move? I am in

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How To Avoid Legal Issues When Hiring Help

May 26th, 2010

Are you a small business that needs a little extra help here and there? Beware of how you hire any help in the form of time, labor, or creativity. There are both federal and state rules that you must follow when paying money to others when it benefits your business.

Employees

Hiring an employee means you put them on your company payroll. However, this is where small business employers can get into a lot of trouble if they don’t follow tax laws.

Full-time employees are usually those who work 35-40 hours per week. Any more than 40 hours in one week, and you must pay overtime at 1.5 times the regular rate. D

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Watch Free TV Online & Cut Cable TV Costs

May 23rd, 2010

If you think this article is going to be about the illegal activity behind getting free cable, then I’m sorry to disappoint you. However, let’s take a moment to evaluate how much you are paying per month for cable and the benefits or returns you have received on that purchase. If you are like most Americans, you are probably paying on average around $50 or more on cable per month. I know people who have stated that they pay over $100 for cable or satellite per month. So, this is not an excessive calculation. So, let’s say you have paid $50 for 3 years to the local cable company. That comes out to about $1,800. If yo

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Certificates of Deposit Fraud

May 22nd, 2010

One of the biggest fraudsters to hit the news in conjunction with fake certificates of deposits is thought to be Bernard (Bernie) Madoff, but the paparazzi and journalists may be slightly mistaken. Allen Stanford, also accused of fraudulent certificates of deposit behavior and conducting his own $8 billion Ponzi scheme, may have fallen in the shadow of Madoff. You may, at first, scoff at Stanfords $8 billion Ponzi scheme since Madoffs was about a $60 billion crime. In this case, its not about the dollar amount of the scam but the fact that Stanford was had been brought to the attention of the Securities and Exchange Commission (SEC) long before he was charged.

The SEC Investigation
The SEC conducted an internal investigation of its handling of the reports made the agency by those defrauded by Stanford and other complainants along the way.

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5 Reasons You Need a Small Business Bank Account

May 22nd, 2010

One of the most basic requirements of operating a small business is establishing a bank account in the business name. For some new business owners, this may seem trivial and unnecessary, since their business is operated out of their home.

However, the consequences of mingling your personal and business funds, even if it is part-time, can be disastrous – especially if the IRS makes a call to see your small business financial records. Here are 5 good reasons you need a bank account in your business name.

1. Business For Profit

   The IRS acknowledges that some small businesses are actually a hobby run for fun by the owner. H

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Where to Look For Your Businesses Advice? « All About Small Business

May 21st, 2010

When you are about to start a business then one thing is sure that you want to be a self employed person. You will be deciding your own working hours and will be the boss of your own destiny. But starting a new venture without proper research can be quite risky. As your livelihood now depends on the success of this business, so you need to make sure that you have covered all the trouble areas related to the new venture. You need to take the business advice regarding what planning needs to be done. Along with this you also need to know that the area under your business has the sufficient demand for your product.

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