Things to Consider When Purchasing a Vehicle Online

Most consumers are not very comfortable with purchasing a vehicle online since they think it is unsafe. What you need to focus on here is the benefits that come with this. When making the purchase online, you will be able to visit plenty of online dealers at the same time. You can compare various manufacturers and models without having to waste your time. Finally, you will not have to listen to the endless rambling of car salesmen. If you want this online purchase to be a successful one, here is what you need to do.

Know Your Needs

In order to choose the right vehicles, you need to know what your needs are. If you do not know what kind of vehicle you are looking for, it will become quite difficult for you to make the choice. You can start this process by thinking about the smallest and most basic details. For example, how big must the vehicle be? How many people will generally travel in this vehicle? What kind of safety features will I require? How much am I willing to spend on this vehicle? These are some important questions that you need to figure out beforehand.

No one really needs 400-horsepower. But we did it anyway. #AudiRS3 #NYIAS

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Compare Your Options

One of the best benefits of online purchase is that you can compare your options with great convenience. Since you can visit more than one website at a time, it is possible for you to look at various models and choose the one that suits your needs the most. You must remember that if you do not compare your options, you can easily pick the wrong one. It is not safe for you to just make the purchase from the first website you come across.

Look for Discounts

Whether you are going to buy it online or from a showroom, remember that purchasing a vehicle is going to be expensive anyway. So, you cannot afford to spend all your savings on this single investment. This is why it is important for you to look for various ways through which you can reduce the cost to a significant level. One easy thing which you can do is look for automotive deals Australia. There are plenty of companies that offer such special offers. Utilizing these types of discounts will enable you to purchase the vehicle for a reasonable price.

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Settle on a Budget

You must never go online shopping without having a budget in mind. This especially applies when you have to make heavy investments on things such as vehicles. So, you need to have a proper amount in mind. When settling on budget, make sure that amount is something that you can handle on the long-term. This way, you will not have to spend more than you can handle. Once you settle on a budget, it is highly important for you to stick to it at all times.

Taking these four factors into consideration will enable you to make the right decision when purchasing a vehicle online. This way, you will not be investing your money on the wrong vehicle.

Tips to Help Purchase Your First Car

Purchasing of your first car can be quite stressful, due to the many options. Therefore, It is necessary that you do your homework and make a proper plan to identify what sort of car you need. If this is not carefully planned then your car-shopping day can be an absolute disaster and make you question yourself and wonder if you even require a car. Therefore here are a few tips to help you make this process much easier.

 

What Can You Afford?

This is one of the top questions that need to be answered before you start your research on what sort of car you want and step out of your house to purchase it. It is no secret that cars are expensive and the few thousands of dollars you have saved will only help you purchase a used car. But many people do consider getting an auto loan to help purchase their dream car, but before considering to go with this decision, it is necessary for you to take a step back and identify if you will be able to pay a down payment as well as the rest of the money every month, as we do not want you to be in debt.

 

Used Car

This leads to the question of whether or not to purchasing a used car. Research shows that 25% of cars lose their value in the first year and 60% within five years, but this solely depends on the way the car was maintained. There are many things you need to look into before purchasing a used car.

 

No matter what part of the country you are in, there are many places to help you identify certain issues that may be present in the used car, therefore it is necessary to do an overhaul, be it an automatic gearbox overhaul Brisbane or in Melbourne, a brake overhaul in Adelaide or Sydney, you name it any city there is a mechanic shop that will help you.

 

New Car

Now if you have gone through the negatives of getting an auto loan and still think to go forward with it then here are few things you should keep in mind. The first thing is to never go for the first car you find, keeping your options open is important, we insist you look into at least 10 cars before choosing the one. And remember to never be afraid to negotiate and get yourself the best deal.

 

Many will consider leasing a car; this too comes with certain negatives, even though leased car’s monthly payments are lower than loan payments. It comes with a few restrictions such as steep lease termination fees and mileage limits.

 

Your first car is a big deal, it is something you will remember and cherish for a very long time, so be sure to read the above carefully and stick to all the tips given, as it will help you in the long run. It is also necessary to purchase a car that goes with your budget as well as your taste.

 

Essential Things to Consider Before Recruiting a Bookkeeper

If you have decided to recruit a bookkeeper for your company, you have made an excellent decision. Using a professional to handle the finances of the business can take a great deal of stress from your daily work. You will not have to worry about managing the expenses of the company while taking care of other important tasks. However, it is important to note that if you hire the wrong person for the job, it can result in serious trouble. This is why you need to take several things into consideration before you finalise your decision. The following are some such factors that you need to consider.

Skills and Competencies

The individual must meet all the educational and professional requirements that a bookkeeper needs to do the job in an effective manner. For example, some of the essential tasks this professional will have to handle is reconciling bank statements and processing payrolls. In this case, the person you hire needs to have strong financial, mathematical, and problem-solving skills. In order for this person to prepare good reports, they must also be competent in various modern software programmes as well.

Experience

Unfortunately, this is not a job that you can learn on-the-go. Since bookkeeping requires a great deal of precision and accuracy, you need to make sure that you hire a professional who will not make any rookie errors. This is why you need to contact companies such as Xero accounting services Melbourne. Since these services are equipped with professionals in the field, you will be able to hire a professional candidate. Moreover, make sure to look for specific experience as well. If you are running a clothing store, it is best to hire an individual who has experiencing in managing the accounting of a clothing store.

Certification

In certain states, bookkeepers are required to have a license. This certification proves that they are competent for the job. Remember that even if your state doesn’t require a certification, candidates who volunteer for certification programmes are ideal for the job. Since they are taking the extra mile to prove their reliability, you will be able to trust the work that they do. Moreover, if they have a license or certification, you can be assured that they are up-to-date about everything in the industry.

Accountability

The most important thing that you need to remember is that a good bookkeeper will always keep your books clean. So, you will be able to get an idea of your company’s finances by giving a glimpse. This is why you must always hire an individual that you can trust. Due diligence is important in this case. So, before you make the hire, you need to get a few references who can account for the credibility of the candidate. Furthermore, when conducting the interview, make sure to ask value-focused questions to understand whether they are honest and reliable. This way, you will be able to decide whether they are suitable for your company.

If you take these four factors into consideration before finalizing your decision, you will be able to make the best choice for your company.

 

How Much Does It Cost To Incorporate Your Business?

So you’ve decided to either form an LLC or incorporate your business?

Kudos to you for thinking about the benefits of liability protection and possible tax advantages that come with formally establishing your company as a separate legal entity.

Like many small business owners, you may now be wondering in what state you should register your company?

Some entrepreneurs opt to incorporate or form an LLC within the state they live. Others look around for a state with the most cost-effective fees. For example, Delaware has become a popular place for corporations because companies formed in the state pay minimal state tax if they do not actually conduct business there.

Formation and annual report filing fees sometimes sway the decision of which state a business will register. Those fees can vary a good deal from one state to the next. I advise you not to make your choice based solely on lowest cost. While those initial costs and ongoing annual report filing fees may look attractive, that doesn’t mean you’ll save a whole heap of money by registering your business in a different state.

Realize that when a business incorporates in one state but physically maintains an office or conducts business in another state, the business may need to register in that other state, too. And yes, that means the business must pay those state filing fees, annual report fees (if applicable), and taxes.

In most cases, small businesses benefit most by incorporating or forming an LLC in the state where they’re located. But it’s helpful to have some idea of the prices in other states, as well. After all, if your business grows and expands, you could likely be doing business in more than only your home state!

For your convenience, I’ve compiled a list of the current formation and annual maintenance fees for each of the 50 United States. These rates reflect what is presently true in June 2017. Keep in mind that they are subject to change by the states:

Alabama: LLC filing fees: $165; LLC Annual Report; $0, Incorporation filing fees: $165; Corporation Annual Report: $0

Alaska: LLC filing fees: $250; LLC Initial Report: $0; LLC Annual Report: $100; Incorporation filing fees: $250; Corporation Initial Report: $0; Corporation Annual Report: $100

Arizona: LLC filing fees: $85; LLC Publication fee: $299 (required); LLC Annual Report: $0; Incorporation filing fees: $60; Corporation Publication fee: $299 (required); Corporation Annual Report: $45

Arkansas: LLC filing fees: $50; LLC Annual Report: $150; Incorporation filing fees: $50; Corporation Annual Report: $150

California: LLC filing fees: $75; LLC Initial Report $20; LLC Annual Report: $20; Incorporation filing fees: $105; Corporation Initial Report: $25; Corporation Annual Report: $25

Colorado: LLC filing fees: $50; LLC Annual Report: $10; Incorporation filing fees: $50; Corporation Annual Report: $10

Connecticut: LLC filing fees: $175; LLC Annual Report: $20; Incorporation filing fees: $455; Corporation Annual Report: $100

District of Columbia: LLC filing fees: $220; LLC Annual Report: $300; Incorporation filing fees: $220; Corporation Annual Report: $300

Delaware: LLC filing fees: $140; LLC Annual Report: $300; Incorporation filing fees: $140; Corporation Annual Report: $225 (based on min number of authorized shares)

Florida: LLC filing fees: $155; LLC Annual Report: $138.75; Incorporation filing fees: $78.75; Corporation Annual Report: $150

Georgia: LLC filing fees: $100; LLC Annual Report: $50; Incorporation filing fees: $100 Corporation Publication fees: $150 (required for Corps); Corporation Initial Report: $50; Corporation Annual Report: $50

Hawaii: LLC filing fees: $50; LLC Annual Report: $15; Incorporation filing fees: $50; Corporation Annual Report: $15

Idaho: LLC filing fees: $100; LLC Annual Report: $0; Incorporation filing fees: $101; Corporation Annual Report: $0

Illinois: LLC filing fees: $500; LLC Annual Report: $305; Incorporation filing fees: $175; Corporation Annual Report: $155

Indiana: LLC filing fees: $90; LLC Annual Report: $30; Incorporation filing fees: $90; Corporation Annual Report: $30

Iowa: LLC filing fees: $50; LLC Annual Report: $45; Incorporation filing fees: $50; Corporation Annual Report: $45

Kansas: LLC filing fees: $160; LLC Annual Report: $55; Incorporation filing fees: $90; Corporation Annual Report: $55

Kentucky: LLC filing fees: $55; LLC Annual Report: $15; Incorporation filing fees: $55; Corporation Annual Report: $15

Louisiana: LLC filing fees: $100; LLC Annual Report: $30; Incorporation filing fees: $100; Corporation Annual Report: $30

Maine: LLC filing fees: $175; LLC Annual Report: $85; Incorporation filing fees: $145; Corporation Annual Report: $85

Maryland: LLC filing fees: $155; LLC Annual Report: depends on revenue (min fee $300); Incorporation filing fees: $155; Corporation Annual Report: depends on revenue (min fee $300)

Massachusetts: LLC filing fees: $520; LLC Annual Report: $520; Incorporation filing fees: $295; Corporation Annual Report: $135

Michigan: LLC filing fees: $50; LLC Annual Report: $25; Incorporation filing fees: $60; Corporation Annual Report: $25

Minnesota: LLC filing fees: $160; LLC Annual Report: $0; Incorporation filing fees: $160; Corporation Annual Report: $0

Mississippi: LLC filing fees: $50; LLC Annual Report: $25; Incorporation filing fees: $50; Corporation Annual Report: $25

Missouri: LLC filing fees: $50; LLC Annual Report: $0; Incorporation filing fees: $58; Corporation Initial Report: $45; Corporation Annual Report: $45

Montana: LLC filing fees: $70; LLC Annual Report: $15; Incorporation filing fees: $70; Corporation Annual Report: $15

Nebraska: LLC filing fees: $120; LLC Publication fees: $150; LLC Annual Report: $26; Incorporation filing fees: $65; Corporation Publication fees: $150; Corporation Annual Report: $26

Nevada: LLC filing fees: $75; LLC Initial Report: $325; LLC Annual Report: $325; Incorporation filing fees: $75; Corporation Initial Report: $325; Corporation Annual Report: $325

New Hampshire: LLC filing fees: $100; LLC Annual Report: $100; Incorporation filing fees: $100; Corporation Annual Report: $100

New Jersey: LLC filing fees: $125; LLC Annual Report: $50; Incorporation filing fees: $125; Corporation Annual Report: $50

New Mexico: LLC filing fees: $50; LLC Annual Report: $0; Incorporation filing fees: $100; Corporation Initial Report: $25; Corporation Annual Report: $25

New York: LLC filing fees: $210; LLC Annual Report: $9; LLC Publication fees: Starting from $425-$1200; Incorporation filing fees: $145; Corporation Annual Report: $9

North Carolina: LLC filing fees: $125; LLC Annual Report: $202; Incorporation filing fees: $125; Corporation Annual Report: $20

North Dakota: LLC filing fees: $135; LLC Annual Report: $50; Incorporation filing fees: $100; Corporation Annual Report: $25

Ohio: LLC filing fees: $125; LLC Annual Report: $0; Incorporation filing fees: $125; Corporation Annual Report: $0

Oklahoma: LLC filing fees: $104; LLC Annual Report: $25; Incorporation filing fees: $52; Corporation Annual Report: $0

Oregon: LLC filing fees: $100; LLC Annual Report: $100; Incorporation filing fees: $100; Corporation Annual Report: $100

Pennsylvania: LLC filing fees: $125; LLC Annual Report: $0; Incorporation filing fees: $125; Corporation Annual Report: $0 Incorporation Publication fees: $299

Rhode Island: LLC filing fees: $150; LLC Annual Report: $50; Incorporation filing fees: $230; Corporation Annual Report: $50

South Carolina: LLC filing fees: $110; LLC Annual Report: $0; Incorporation filing fees: $135; Corporation Annual Report: $0; Incorporation Attorney Signature fees: $100

South Dakota: LLC filing fees: $150; LLC Annual Report: $50; Incorporation filing fees: $150; Corporation Annual Report: $50

Tennessee: LLC filing fees: $325; LLC Annual Report: $310; Incorporation filing fees: $125; Corporation Annual Report: $20

Texas: LLC filing fees: $310; LLC Annual Report: (depends on gross annual revenue); Incorporation filing fees: $310; Corporation Annual Report: (depends on gross annual revenue)

Utah: LLC filing fees: $72; LLC Annual Report: $15; Incorporation filing fees: $72; Corporation Annual Report: $15

Vermont: LLC filing fees: $125; LLC Annual Report: $25; Incorporation filing fees: $125; Corporation Annual Report: $35

Virginia: LLC filing fees: $104; LLC Annual Report: $50; Incorporation filing fees: $79; Corporation Annual Report: $100

Washington: LLC filing fees: $200; LLC Initial Report: $10; LLC Annual Report: $73; Incorporation filing fees: $200; Corporation Initial Report: $10; Corporation Annual Report: $73

West Virginia: LLC filing fees: $132; LLC Annual Report: $25; Incorporation filing fees: $82; Corporation Annual Report: $25

Wisconsin: LLC filing fees: $130; LLC Annual Report: $25; Incorporation filing fees: $100; Corporation Annual Report: $40

Wyoming: LLC filing fees: $103; LLC Annual Report: $52; Incorporation filing fees: $103; Corporation Annual Report: $52

Credit Cards vs. Short-term Business Loans

As most entrepreneurs and small business owners know, there are times when the cash you have on hand can’t cover the expenses essential to growth. It’s at this point that you’re confronted with the question of funding: Do you go with an SMB lender, or do you try credit cards?

The Case Against Lenders

SMB lenders know that you’re in a jam and that you want your money as fast as you can get it. This is why you’ll see many lenders emphasize the amount of money you can get from them and the supposedly lightning-fast time between filling out your application and the money showing up in your checking account.

But unless they’re acting as the middleman for government-backed SBA loans, there’s a good chance you’ll be charged incredible interest rates that will tack on big fees to your weekly or daily repayment schedule. Some companies use factoring, which is a technical way of saying you pay points every week or day on the money you lend. Others use merchant-based charges that take a cut of your daily sales to pay back your loan. In many cases, the rates you pay, when extrapolated out over one year, range from 40 to 120 percent.

The Case for Small Business Credit Cards

Now, I understand that there are situations where your business needs tens or hundreds of thousands of dollars to buy inventory for an upcoming season or to cover your day-to-day operational expenses.

However, if you don’t find yourself in that position, then business credit cards can be an excellent option for funding. The reason I like credit cards instead of small business loans is that they tend to give you something in return for your business, and their interest rates can be relatively low for customers with excellent credit scores. Most business credit cards offer two types of rewards: cash or points. Both rewards vehicles are based on per-dollar rewards rates. Here are a few of the best credit cards for small businesses right now.

  • Chase Ink Business Preferred’s Points — The Chase Ink Preferred gives you a 3:1 rate on social media/search engine advertising, phone/internet/TV services, travel and shipping. These categories are the essentials of a modern business, so there’s a tremendous opportunity here for rewards. This 3% rate is capped at $150,000 in spending across all categories, at which point the rate drops to 1%. Consider this: $150K equals 450,000 rewards points that can be transferred to Hyatt, Southwest, United, Marriott and other travel partners within the Chase rewards network. Any employee cards that you request will also earn points for you, too.
  • Spark Cash for Business’ Cash Back — Capital One’s Spark Cash for Business card gives a 2% cash-back rate on all purchases. There are no limits on the rewards here, so if you spend $150,000 in a year, you’ll get $3,000 back in cash. Capital One’s Spark Miles card works the same way, except the cash rewards you earn are only applied to travel purchases. Perhaps the only knock on Chase and Capital One cards is that they have credit limits.
  • American Express Business Gold’s Limitless Spending — The AmEx Business Gold has no credit limit, but you have to pay off your balance in full every month to avoid high-interest repayment plans. This no-limit functionality is why the AmEx is known as a “charge card” and not a traditional credit card. If you’re anticipating that you’ll spend more than $50,000 a month, you may want to consider this card as an option. The no-cap spending gives you the freedom to make big purchases on a moment’s notice. The card also gives you a 3x/2x/1x tier of rewards that can be redeemed across 17 airline partners, four hotel partners or redeemed for cash back. The AmEx Gold also has a certain swagger to it, but all this is meaningless if you don’t have the discipline (or the cash) to pay off your balance every month.
  • Wells Fargo Business Platinum — This card allows you to choose between earning 1.5% cash back on every purchase or 1:1 rewards points on every purchase. The advantage to this card is that it boasts an APR of the prime rate plus 7.99% which, at the time of publishing, equates to an 11.99% APR that’s virtually unbeatable by other business credit cards or SMB lenders. It does come with a max credit limit of $50,000, so keep that in mind if you decide to apply for the card.

Final Thoughts: Credit Cards Offer Rewards, Lower Rates

As I mentioned earlier, the fact that lenders can send you hundreds of thousands of dollars in a matter of hours or days may be the only suitable solution for certain companies that are in certain financial situations.

However, there are a majority of us who can benefit from the rewards programs that business credit cards offer. You’ll have the luxury of only paying once a month as opposed to the daily or weekly payments that most SMB lenders require you to pay. Whether it’s free travel or cash, credit card issuers are willing to put money in your pocket in order to get and keep your business.