Sunday, April 21, 2013

Banking and International Operations of the Finance Industry

Banking is a highly regulated industry. It acts as a financial intermediary between customers with capital deficits and surpluses. The global regulatory authorities govern the banking and international operations by putting several restrictions, on the financial activities of the banks.

The banks generate revenues, by charging interest on the money lent. The bank pays lower interests on the deposits, and lends out money on higher interest rates. This allows the banks to profit from the differential interest rates. The banks charge a transaction fee, which is a form for their stable revenue. It also provides a platform for smooth financial performance. More active and revenue generating tool is, the provision of financial advice to their customers.

The financial system is an economic cycle, which depends on the requirements and strengths of customers needing loans. It is a way to channelize resources and interconnect financial institutions. It allows directing funds from household savings to the industrial sector, and enabling them to share risks.

The finance industry comprises of banks, stock brokerages, credit cards, insurance, investment and consumer finance companies. The international operations of the finance industry have to be run under legal international practices, regulated by leading authorities of the world. The changes and reforms in the banking regulations allow progressive policies and practices.

There are some financial institutions in Canada which they have the largest revenues and deposits. They carry the biggest market capitalization. The banks focus on investment banking services and, in particular middle market clients. The group of banks of Canada has been listed as the largest Canadian companies, which work internationally operational in several countries.

Of the major focus of the group of banks is the international operation. The banks invest funds in Caribbean region. The residents receive financial services provided by First-Caribbean international banks. Those institutions have a joint venture merging uniting the Caribbean operations. The banks not only cater to the financial needs of the residents, but extends its services to non-residents as well.

The banks are members of several bankers associations all over the Caribbean region. They also offer various financial services to students, small business and enterprises. They work worldwide in association with MasterCard, Visa, CarIFS, Maestro and MultiLink Network.

The banks operate nationally and internationally as Financial Group. This group receives high competition from other big bankers. It has growing banking operations outside Canada. It has huge commercial banking business in Caribbean and considers the region as its local market. The banks are listed on the stock exchange to facilitate the financial services internationally.

The Caribbean retail banking network cater over every single country and the territories around. There are a lot of branches offering finance planning, monitoring and investment opportunities to the local people and non-residents. This network has boosted the confidence of the shareholders who have been offered to invest in one of the most successful banking institution in the world. This banking and international operations network also offers the benefit of the expanded market. It provides increased lending capacity of the group of banks, with a wide range in financial products.

Tuesday, April 16, 2013

Using the Power of Faith to Attract Money and Abundance

One of the most powerful ways to attract money and abundance into your life is through the use of faith - or the power of believing. When you think about it, the law of attraction will not deliver something into your life if you don't believe it can happen. Money and abundance are no different.

The challenge is that most people don't yet have a strong level of belief. They doubt their own power as a deliberate creators; they doubt the loving nature of the universe; and they doubt that the law of attraction even works. Is it any wonder that they struggle to manifest the things they desire, including more money?

If you are one of these "doubting Thomas" types, don't worry. I'm going to show you a simple 3-step process that can help you to gradually build up your belief and apply it to the manifestation of more money and abundance in your life.

Step 1 - Be Certain of What You Do Not See

In the Bible, "faith" is defined: "Now faith is being sure of what we hope for and certain of what we do not see." (Hebrews 11:1, NIV) When it comes to the law of attraction, this would mean first being clear about exactly what you hope for (or want). In this case, you want a certain sum of money or another expression of abundance, so get clear on exactly what outcome you are hoping for. Then, in order to be "certain of what you do not see," you need to express your belief that the universe can and will deliver this outcome to you. Even if you don't have a clue how it could possibly happen, or even if you expect it can happen only one or two ways, be open to allowing the universe to work its magic on your behalf.

Step 2 - Practice Equals Strength

The more you keep insisting that you believe money and abundance will come to you, and the more you keep insisting that the universe is already working on delivering your abundance right now, the stronger your faith will grow. Of course you won't really believe it at the beginning, but that's the whole point - you need to keep working on believing it, insisting that you do believe it, until your faith has grown to the point where you really do believe it. Say frequently, "I know the universe is delivering my money (or abundance) right now. I don't know how or when it will show up, but I do know that it will soon." Insist that it's your truth, and before long it will be!

Step 3 - Act as if You Have it Already

While you are working on strengthening your faith, it's crucial to not "un-do" all of your progress by then doubting, complaining or fearing the worst. You can't have faith that more money is coming if you keep worrying about not having enough money! Put it this way; if you KNEW without a shred of doubt that you would be receiving a big sum of money tomorrow, you wouldn't be fretting or worrying, right? You'd be excited, eager, happy and grateful about it. Even though it hadn't arrived yet, you'd be anticipating its arrival with enthusiasm. Do that now and you will instantly become receptive to it and help draw it into physical form.

The first several times you do this exercise, it may feel like it's not working. You may feel uncomfortable or strange as you insist that you believe something that you definitely don't believe yet. That's okay! Keep working at it and eventually you WILL come to believe it, and once the results start showing up in your outer world you'll definitely start to believe it.

Thursday, April 11, 2013

Why Is Payroll Important In Business?

Few business operations impact employee morale as does payroll management. If you've ever wondered just how important payroll is, just imagine the reverberating effects of employees missing their pay. Immediately, employees will question the overall health of the company, or will assume the worst is yet to come with respect to their employment. Of course most enterprises these days have come to rely upon the ease of direct deposit. Still, there are some companies that still depend upon manual payroll processes. Unfortunately, these manual processes are problematic, a source of constant frustration and one of the preeminent reasons payrolls are missed. When it comes to discussing payroll services for small business, few approaches are as impactful as outsourcing payroll. So, why is payroll management important in business? More importantly, why have so many companies come to rely upon outsourcing their payroll management to a payroll services company?

The Importance of Compensation Based Pay

In the world of business, there is simply nothing that compares to being properly compensated for a job well-done. There is far more involved with managing payroll than simply making sure employees receive their pay. Compensation based pay incentivizes employees to reach their full potential, motivates them to take on new tasks, and gives them the impetus to take charge of both their personal and professional development. When companies want to get the best from their employees, they often turn to a compensation structure that pays the employee, while rewarding the company. Payroll management is an essential ingredient in catapulting a company's top employees to the highest positions in the company.

Reducing Expenditures & Freeing Up Valuable Resources

When companies upgrade their payroll management, they immediately benefit from reducing expenditures and freeing up valuable resources. Whether it's outsourcing payroll, or using a payroll management software, deciding to upgrade payroll pays huge dividends. In essence, it means the company must do away with manual processes that do nothing more than clutter business operations and cost the business money. When companies upgrade how they manage their payroll, they are able to reduce expenditures across the board.

Lower Tax Bills!

Payroll services for small business must focus on reducing tax bills. One of the biggest costs of manual payroll processes, or poor payroll management for that matter, is the incidence of late or incorrect tax filings. In fact, almost 50% of companies in the United States face some form of fine for incorrect tax filings every single year. Of course, one of the main causes includes those aforementioned manual processes. However, late filings are also caused by companies being unfamiliar with the myriad of tax codes, government regulations and laws governing how employees are compensated and ultimately, how they should be paid. If ever there was one single factor that determined just how important payroll management is, it would have to be this one.

Payroll management happens to be that one business function companies don't realize how important it is until it's too late. Most companies understand that manual processes are not only tiresome, but also extremely expensive. To reduce expenditures, companies must be willing to invest in upgrading how they manage their payroll.

Tuesday, April 9, 2013

Credit Repair: Transform Your Life

Chances are if you're reading this article you or someone you know has had credit issues in the past or are plagued by bad credit right now. There are many reasons for you to make credit repair an immediate priority in your life. There are also many reasons that you might hesitate. Most people don't even know where to start or that it's even possible to repair your credit.

Credit reports are not fun to read. Past credit issues are not fun to think about and it can be embarrassing getting denied for a loan. But there is a lot at stake. If you are not interested in learning credit repair, consider hiring a credit repair professional to help you through the process. You can regain control of life. Over time it will cost you much less for credit repair than it will for you to have bad credit. Either way, whether you decide to have a professional do it or decide to do it yourself, it's time to do something about it now not when you are ready to apply for that mortgage, car loan, cell phone etc.

I started out by repairing my own credit. I filed bankruptcy about 2 years ago. Almost everyone I talked to said that I would have bad credit for 10 years after my bankruptcy. They didn't mean to misinform me; it's just what they've been told all of their lives. Well, I'm here to tell you it's just not true.

My scores at the time I filed were around 450 across the board. They are now around 700. I've been able to get a great interest rate on a brand new car, a few great credit cards and I know I will get a great rate on a mortgage soon.

I made a few mistakes when I started repairing my credit because I jumped into it. I've learned so much since then and I continue to learn more everyday. The more you know about personal finance and credit the better off you are. I help other people repair their credit now. I work full time as a credit repair specialist and also help people at my credit repair forum for free. People are amazed at the impact that a competent credit repair professional can have on their credit scores and on their ability to completely transform their financial life.

Credit repair can save you tens of thousands of dollars. It can bring you confidence and the lost knowledge that you have control over your own life. Simple put, life is much better with good credit.

It's time to take action. The first step is to learn how to repair your credit or consult a credit repair professional. You might be surprised to hear that your past credit problems are probably not the sole, or for that matter, the largest factor in your low credit scores. There are a terrible number of errors ranging from subtle misreporting to obvious redundancy that plague consumers and damage their credit scores. The first step in an effective credit repair program is to identify every single one of these issues and eliminate them. But there is more.

Real credit repair requires an intimate knowledge of the impact that every item on your report can have on your credit score. A credit repair professional will make sure that everything that can be done to improve your scores is being done correctly. You cannot afford to ignore anything.

You have the power to transform your own life. Please don't believe that because you have made financial mistakes in the past that you are destined to live a life of financial gloom. If you take action to repair your credit you will discover a whole new world of possibilities. You can make it happen.

Wednesday, April 3, 2013

Business Financing - Alternatives To The Government Enterprise Finance Guarantee

Earlier this year the UK government introduced the Enterprise Finance Guarantee scheme (EFG). The EFG replaced the Small Firms Loan Guarantee Scheme (SFLG) with the commitment to helping small businesses raise the funds they require to trade through the current economic downturn. The EFG is based on the government guaranteeing up to 75% of the value of a commercial loan offered by a company's bank. The company's directors will normally be required to personally guarantee the remaining 25% of the loan.

Companies are still finding it extremely difficult to raise vital finance despite the government claims for the EFG scheme. According to a recent report published by the Department for Business, Innovation and Skills, in the year up until the 3rd April 2009 a total of 2,369 loan guarantees to the value of GBP 178m had been issued, under both the Small Firms Loan Guarantee Scheme and the Enterprise Finance Guarantee scheme. This figure is significantly less than the GBP 205m guaranteed in the previous year. It is also far below the scheme's GBP 360m budget set by the Government in March 2008.

For this financial year the outlook now is just as worrying. The latest Bank of England figures show that new lending to companies continued to contract in May 2009, following a fall in April. Clearly, despite the government's assurances and backing, UK banks remain extremely reluctant to provide new loan facilities for businesses. I have recently had a number of discussions with small business owners which back up this analysis. It seems common place that new loan and commercial mortgage applications with the backing of solid business plans are being consistently declined (often at the last minute) with little or no rational explanation from the lender.

Based on the current evidence it seems very much that the banking system is reluctant to back any business opportunity unless it has almost a cast iron prospect of success. This situation is certainly stifling entrepreneurial activity and thus undermining the driving force required to kick start the economy and move it out of recession.

Given this situation, business owners are well advised to consider alternative options for raising finance. Business refinancing can help in this area. Business refinancing generally involves raising cash secured against tangible business assets thus giving the bank real security and the comfort required to release funds. Examples of business refinancing include:

Asset refinancing

The process of borrowing against the value of any fixed assets which are owned by the business.

Invoice financing

The process of raising money based on a company's outstanding invoices. Invoice financing could allow a company to draw down up to 90% of the invoice value immediately on the issue of a valid invoice.

Trade financing

Enabling a business to receive up to 80% of the confirmed order value up front to pay the suppliers required to fulfil the order.

Until lending eases businesses will struggle to trade out of the current economic situation. However it seems that they are unable to rely on Government initiatives such as the Enterprise Finance Guarantee scheme to allow them to access the funds they need for expansion and growth. Unfortunately Business Refinancing will not be suitable for all. However it is certainly an option that should be reviewed by all in the current climate.

Saturday, March 30, 2013

Custom Logo Design: Advantages And Disadvantages

Every business worth its name has a logo. It is that little graphic displayed on everything that is uniquely theirs- their website, products and stationery. In some cases, the logo may simply be a stylistic adaptation of a name. Hallmark is a fine example. In other cases, there are special graphics that serve to symbolize the company. The windows logo is one such famous graphic.

Logo design is one of the first activities undertaken by a company to establish their brand image. This is important because a logo fulfills a large range of functions. A good logo represents the company, gives a symbolic representation of what the company stands for and even carries the credibility of the company on its shoulders. Some companies spend thousands of dollars on custom logo design because they know that a successful logo must be appropriate, aesthetic and reliable. It must penetrate people's mind and carve a place for itself, so that one look at the symbol will invoke the company, its philosophy and products in the mind of those viewing it. A logo is said to be successful or worth the money you pay when the symbol is recognized instantly.

Many companies pay millions of dollars to purchase custom designed logos. They employ expensive graphic design agencies to produce a selection of custom logos, from which they select one. That is because they understand that a good logo will help their company stand out from the competition. Custom designed logos are original and unique, characteristics that are vital to the success of the logo as a brand ambassador. That said, custom designed logos have advantages and disadvantages.

Advantages of a custom logo design: Custom logo designs are designed specifically with your needs in mind. Generally, the design agency meets with the company and discusses the company's philosophy, services and culture. They discuss colors, design styles, fonts and layouts. Only then do designers begin their work. The design agency comes up with a number of templates. The client picks one that he likes or may ask for another round of discussion, if the designs are not up to his expectations. The greatest advantage of custom designed logo is its uniqueness. The company gets exactly what they are looking for, which is a great option if you have the cash to finance it.

Disadvantages of custom designed logo:
Highly expensive
Takes too much time
May run into delays

Custom designed logos are not for everyone. Small companies, individual entrepreneurs and others with limited resources may not be able to invest huge amounts of money into their logo design, though they still want sophisticated logos. Additionally, the time factor required for the development of a custom design is quite unpredictable. In case you are in a hurry to launch your company, waiting for a custom logo may not be the best option.

For companies that want excellent quality designs at a fraction of the cost, there is always a better option. Many online design agencies supply you with high quality logos at affordable prices. Most of these companies have a large catalog of pre-designed logos. So, it is easy for prospective clients to choose something they like straightaway. These can then be customized to a high degree of uniqueness. Thus services such as these make it easy for companies to bypass costly design companies in their quest for highly individualized, yet stylistically perfect logos.

Thursday, March 28, 2013

Shareholder Loans - treatment by Canada Revenue Agency

Shareholder Loans

It has been widely common for the business owners to use their sole manager/director status to simply take funds for living from the corporation. Or, make the corporation pay for their personal expenses like home renovation or visa bills. Not wishing to declare it as personal income, but rather say that it was a loan that will be paid back later. On the other hand, the employed person would have paid those same expenses from his/her personal salary. It is obvious that the difference between those two would be that the employee has paid personal taxes, pension and employment insurance contribution, before receiving his/her net pay. Therefore, on average, 100k annual salary will give you a 60k net pay. The business owner, taking money directly from the business bypasses the source deductions, and receives access to the whole 100k. By The CRA rules, simplistically stated, If the company earns 250k net, and then pays the salary 100k, has 150k net income and needs to pay tax on 150k (16.5% for small business in Ontario). Then the person receiving 100k salary needs to pay personal income tax.(40-45% or more), and that is precisely what the average business owner is reluctant to do. For the same reason the CRA has concentrated its attention and developed a sophisticated set of laws and regulations to help enforce tax law in that area.

In particular, Section 15 of the Income Tax Act (ITA) outlines the CRA's position on loans advanced to shareholders/directors. The idea is that any benefit provided by the company to the shareholder/director shall be included in his/her taxable income. S. 15(2) deals with "shareholder debt" saying that where the shareholder, or any person connected to the shareholder received a loan "amount of loan or indebtedness is included in computing the income for the year of a person";

There is, however, a gesture of goodwill on the part of the ministry, saying in 15(2.6), that the above does not apply when "loan or indebtedness repaid within one year after the end of the taxation year of the lender" if it can be seen that " the repayment was not a part of series of loans or other transactions and repayments"

Home Purchase Loan

There might have been a home purchase loan from your corporation, that is allowed by the CRA, for the term of 5 years, with the renewal option. Should be" acquired for the sole purpose of acquiring right to inhabit a dwelling where the dwelling is for the habitation of

(a) the individual by virtue of office or employment the loan is received or the debt is incurred

(b) specified shareholder of the corporation by virtue of whose services the loan is received or the debt is incurred, or

(c) a person related to a person described in (a) or (b)"

Saying therefore, that you must be an employee or a shareholder, providing actively services to the corporation.

The loan must bear interest, and its principal does not have to be included in income of an individual, for the amount not exceeding what was actually paid for residence purchase during the year. S. 80.4(1); 80.4(7). The loan must be taken for the term not exceeding 5 years, and the "prescribed" interest rate must be paid.

Automobile purchase loan option is also available, shall it be received for the reason of employment, as opposed to shareholdings.

Tuesday, March 26, 2013

How To Think Fast In a Job Interview

Has your mind ever gone blank during a job interview? That's interview brain freeze, and it's horrifying. Your confidence sags and the interview goes from bad to worse. As a job-search career coach, this is the most frequent interview dilemma I hear about from my clients. Typically, brain freeze occurs when behavioral or situational interview questions are asked. With the right preparation you can learn to think faster and improve your interview performance.

First of all, it's important to understand what a behavioral or situational interview question is. It is any question that start with:

Tell me a time when ...

Give an example of ...

Describe a situation when ...

Employers ask these types of questions with the assumption that past behavior indicates future performance. These questions reveal a lot about a candidate, including a candidates ability to think fast on their feet. Given that interviews are inherently stressful, many job seekers find it extremely difficult to think fast during interviews. Here are four steps that will help you prepare for any interview question.

1.Take inventory of your accomplishments.

This requires more than a cursory mental note of the good stuff you've done in the past year. Take a systematic approach by asking yourself what challenges you've faced in each of your positions over the past five or more years. Try asking yourself

What processes have I improved?

How have I made work easier for others?

What did I do to save my company money?

When did I find a solution to a departmental problem. How did I save time?

When did I go beyond the call of duty to solve a customer problem?

Write out your answers to these questions. Quantitative information is always helpful. Include dollars saved, hours cut, percentage increased etc.

2.Study the job description.

With your list of accomplishments in hand you are ready to turn your attention to the job description. Study the requirements to determine the all possible challenges involved with the job. It helps to look at other similar job descriptions that may include more requirement details. Additionally, ask others who hold similar positions what their greatest challenges of the job are. Write out your list of anticipated challenges.

3.Create a list behavioral questions.

Turn your list of challenges of the position into a list of questions that start with:

Tell me a time when you ...

Describe a situation when ...

Have you ever had to ...

Your list will look something like:

Explain how you cut costs from your annual budget.

Describe a situation when you had to fire a friend.

How would you go about repairing a relationship with a disgruntled client?

4.Use your list of accomplishments to answer your behavioral questions.

Ask a friend to help you role play your interview answers. You should feel very comfortable communicating your success stories. The more time you practice actually talking about your accomplishments the faster you'll be able to recall your stories in your next interview.

With interview performance more important than ever before it pays to prepare, prepare, prepare. There is no such thing as over preparation when it comes to interviews. Follow this easy method of interview preparation to gain confidence and skill for your next interview. The better you interview the faster you'll be at your new job.

Thursday, March 21, 2013

Essential Investment Books

This book by Jim Paul and Brendan Moynihan is a book any trader should read The book correctly states that there are lots of different ways to make money and only a few ways to lose it. Therefore you need to concentrate on not losing first

If you have not read this book you will see the markets in a completely different light and one that could lead you to bigger profits and is simply one of the best investment books ever writtten.

What I Learned Losing a Million Dollars is a fascinating, insightful, easy-to-read true story of Jim Paul's rise from a humble country background to jet-setting millionaire trader and Governor of the Chicago Mercantile Exchange.

It is an examination of the lessons he learned from losing a million dollars in the market which brought about his demise and then covers his rise from the ashes.

This book contains no technical theories and really focuses on how NOT To lose money there are plenty of ways to make money so how come most traders lose it?

The answer lies as we have stated that:

It's not how you make money that's important there are many ways to do that, but are only a few ways to lose it and if you are mindful of them and don't make losing mistakes - you can emerge a winner.

The book is essentially divided into two parts:

Section 1

The first half of the book about Jim's life makes you feel close to him and the experience he is facing as his world crashes around him. It's both funny and sad in equal measure and is a superb fiction story.

Section 2

After the loss and its aftermath, comes the authors views of what he had learned and this really is original, thought provoking and insightful. The authors show you how to identify and manage the risks, both monetary and emotional that is part of any decision making including trading.

Playing great defense

The authors covers the key areas ALL losing traders fail in, that let losses get out of control.

Key areas covered are:

- The three biggest mistakes traders make and how to avoid them.

- Why the most important part of building wealth is not losing it.

- The psychological pattern which all losses take in a traders head, regardless of the position size

The discussion on the risk/reward ratio, and why most other books get it wrong is perhaps the most interesting part of the book.

This point is worth the books price alone as the aothor explains

Why you have to take into account the PROBABILITY of return, and PROBABILITY of loss, when trading and not simply divide the size of your expected return by the size of your expected loss, as most authors suggest if you do you will lose!

This really is the key point of the book if you want to keep losses under control as it states in the preface.

This book is a case study of the classic tale of countless entrepreneurs: the risk taker who sees an opportunity, the idea that clicks the intoxicating growth, the errors and the collapse. Our case is that of a trader, but as with all case studies and parables the lessons can be applied to a great many other situations.

If you want a book to show you the importance of emotional discipline and the art of risk management, then this is it.

This book has recently gone out of print, so get your hands on a second hand copy or get to the library and read it.

Wednesday, March 20, 2013

Payroll Puerto Rico, Unique Aspects of Puerto Rico Payroll Law and Practice

The Puerto Rico State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Department of the Treasury
Bureau of Income Tax
Intendente Alejandro Ramirez Bldg.
Paseo Covadonga, Stop 1
P.O. Box S-4515
San Juan, PR 00905
(787) 721-2020

Puerto Rico has no State Income Tax. Therefore, there are no State W2's to file, no supplement wage withholding rates and no State W2's to file.

The Puerto Rico State Unemployment Insurance Agency is:

Department of Labor and Human Resources
Bureau of Employment Security
Prudencio Rivera Martinez Bldg.
505 Munoz Rivera Ave.
Hato Rey, PR 00918
(787) 754-5262

The State of Puerto Rico taxable wage base for unemployment purposes is wages up to ,000.00.

Puerto Rico has no provision of quarterly wages on magnetic media.

Unemployment records must be retained in Puerto Rico for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Puerto Rico State Agency charged with enforcing the state wage and hour laws is:

Department of Labor and Human Resources
505 Munoz Rivera Ave.
Hato Rey, PR 00918
(787) 754-2119

There is no provision for minimum wage in Puerto Rico.

The general provision in Puerto Rico concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 40-hour week except under contract, custom, nature of work.

There is no provision of new hire requirements in the Puerto Rico law.

There is no provision of rules for direct deposit for Puerto Rico.

Puerto Rico has no Wage and Hour Law provisions concerning pay stub information except that employees paid by direct deposit must get a voucher showing all deductions.

Puerto Rico requires that employee be paid every 15 days.

In Puerto Rico there are no statutory requirements concerning the lag time between when the services are performed and when the employee must be paid.

Puerto Rico payroll law requires that involuntarily terminated employees must be paid their final pay by next regular payday.

Puerto Rico has no general provision on when voluntarily terminated employees must be paid their final wages.

There is no provision in Puerto Rico law concerning paying deceased employees.

There is no provision of when unclaimed wages should be paid in Puerto Rico.

There is no provision in Puerto Rico law concerning record retention of abandoned wage records.

There is no provision in Puerto Rico law concerning tip credits against State minimum wage.

In Puerto Rico the payroll laws covering mandatory rest or meal breaks are only that all employees must have 1-hour meal period after 3rd and before 6th hour of shift unless agreed otherwise.

There is no provision in Puerto Rico law concerning record retention of wage and hour records therefore it is probably wise to follow FLSA guidelines.

The Puerto Rico agency charged with enforcing Child Support Orders and laws is:

Child Support Enforcement Program
Department of Social Services
P.O. Box 3349
San Juan, PR 00902-3349
(787) 767-1500

Puerto Rico has no provisions for child support deductions.

Please note that this article is not updated for changes that can and will happen from time to time.

Thursday, March 14, 2013

What Are The Guidelines Of Good Office Behavior?

All would surely agree that success on the work front is one thing which each working professional wants to achieve. Well there are one or two factors that determine your growth at your job. One thing that you can't afford to lose out on this aspect is your behavior or the official conduct. No matter how busy and dedicated you are towards your work you are very likely to not score any point if your official conduct isn't satisfactory. Let's take a look at some of the measures that will help you improve the official conduct to a great extent.
One of the basic and the most vital thing in this context is a deferential behavior. This is truthfully the thumb rule for the right official behavior. There is no denial of the fact that the office environment can become quite maddening and scary occasionally. There may be examples when all that you would feel is to snap and shout at your associates. However,this is not the right thing to do when in an office. It's important that you stop your concern from rising high and still be mannered while talking to one and all. It's not only with the seniors that you need to maintain a polite behavior; it's with everybody you need to behave the same. Ever if it is your junior or the individual at very low designation, make sure that you give all due respect.
Another thing critical here is punctuality. It goes a long way in deciding the efficiency of the individual in the workplace. If you would like to score brownie points in your office behavior, it is suggested to always reach office on proper time. The perfect thing is to reach at least ten -15 minutes prior to your office timings. In this manner you will be able to well work out the work you will need to shut off. This will put you at ease and also keep you relaxed before you really get going with the long day of work.
Try not to get ready at work. Of course, you would wish to look your best during the office hours but ensure that you spare the desk. Many folks are into the practice of brushing their hair or touching up their make ups at their desk. Avoid this utterly. Your office has a rest room. Use it to the best of your advantage and spare the office desk.
Concentrate on you body language. It speaks volume about the type of person you are and what type of behaviour you usually portray in the office. No matter how well spoken you are, it would be of tiny use if the body language don't communicate the same. If you're speaking to somebody and you are simultaneously busy fidgeting with your hair, with your hands, it reflects disinterest and therefore rudeness in an official environment. In such a case, it is in your best interest to grin and always maintain a pleasant expression on your face. This will open the communication channels and thus can work definitely for the improvement in the work too.
Watch your clothes. While this is true for any one, it holds much more importance for ladies. Your office is meant to be a place for work and not some fancy dress competition. Keep your best dresses for other occasions. At work, you should be dressed in a straightforward yet smart fashion. Even if your workplace does not call for the need of formals, make sure that you are not heading to work in teenage clothing.
If sticking to simple and easy rules can increase your success rate at work, then you should start following them right away. So, go ahead and make it a point to follow them today onwards.

Monday, March 11, 2013

Finance Careers In Health Care

If you think careers in the field of finance is limited to having jobs in manufacturing and other more business like companies, then it's time to widen your perspective and look beyond the business districts. Finance professionals like accountants, auditors and finance analysts are needed in every field, including, and perhaps even more so, in the field of health care. A finance career in health care is a worthy profession. One can also view the health care industry as an advantage with regards to advancement in their career. For starters, the industry will always be in need of finance managers to tackle issues like accounting, budget, insurance claims, health benefit claim, etc. Jobs will always await those who are qualified.Another thing is that it seems that amidst erratic economic instability, the health care services is and will always be among the most stable industry out there. With the increasing number of older people, and the advancement of technologies that help improve healthy living, more and more people will need health care services in the future. Stable as it is, though, the health care industry is not without its set of problems. However, moving into health care is still a good move if you know what you're getting yourself into. Not to scare you or anything, but advancing your financial career towards health care is not something that you should underestimate.

If you think that your background on corporate finance management is enough to help you move easily about in the world of health services, then you're wrong. The first step when moving your career to the health sector is that you need to be prepared. Even though one would argue that accounting is simply accounting wherever you go, there are certain concepts and ideas in the health care industry which can be confusing. Mathematics and numbers can be considered as the universal language but applying those numbers and the kind of mathematics into a comprehensible and usable system requires knowledge and skills that can be highly specific to a field of study. Health care is one of that area. In advancing your finance career in health services, it would be wise to stack up on knowledge on HMO, home health care, managed care for patients, PPOs, and similar medical terms, concepts and the like. Studying these health related issues and concepts will keep you on your toes and will help you make sound decisions.

You need to prepare yourself to battle head-on various government imposed regulations on health services, lots of house or hospital rules and not to mention existing regulations being handles by organizations from both the medical profession and the finance industry themselves. Don't get me wrong. My aim is not to discourage people from moving to health care from manufacturing and service oriented business. But rather, the intention is to inform would be finance professionals of the needs of the health care industry to give them time to prepare themselves towards the transition. Another way to prepare is to begin browsing job listings and similar materials. These job postings will usually have descriptions telling people who wish to apply what to expect from the job, the responsibilities and other details. In summary, having a finance careers in health care is a good career move. Just be certain that it is something that you want and your motivation to learn remains high. The profession is a good one and the industry will stick around for a long time.

Saturday, March 9, 2013

Asian Mail Order Brides Looking For Single Men In The West

Nowadays there are thousands of Asian mail order brides who register themselves with marriage agencies to look for husband overseas. Every year, there are many marriages happen between foreign men and Asian women. Basically, the marriages are created in Asia where the ladies live. Because of the lifestyles that people live in Asian countries, thousands or even millions of women in Asia are looking for foreign husbands to have a better future for them and the children. They are willing to get married with even older men. Single men looking for Asian women because of the physical beauty and the characteristics. They are popular in their feminine, petite, slender, and grace. Most of them are charming and appealing. Especially they know how to cook, treat and respect their husbands.

Asian brides conduct with good manners. They are polite and they respects and consider the family as the ultimate thing in life. The main reason that these ladies want to look for husbands overseas is to get a better future. Especially, men in the West are popular in treating a lady. In Asia, there are many domestic violence so some women are afraid of getting married. By looking at the way Western men treat the wife, women in Asia dream of being treated and cared like that. So, who else don't want to get married with Asian men who live in the West or even native Western guy? In Asia, if an Asian woman gets married with a man who lives in the West, she is proud of herself. Also, her family is proud of relatives, friends, and neighborhood.

Most of these mail order brides live in developing countries, including Philippines, Thai, Vietnam, Cambodia, China, Korea, and so on. These ladies are either single, widowed, divorced. They register their personal ads at either Asian dating sites, online dating services, or mail order bride agencies. They are available and looking for a husband in the West. When single men seeking women in Asia contact them, they will reply to the message and start the process. Most of these girls are ready to meet the men in their local area. So, most of men who are interested in these ladies, they will come to Asia to meet the girls and go from there. Most of them see at least two girls so they can make decision to choose the best one for marriage. That's how it work. Asian brides also do the same thing.

Why are single men looking for Asian mail order brides?

Most of these Asian girls are traditional. They are beautiful, honest, and faithful to love, relationship and marriage. An Asian woman is physically attractive and appealing. She is gentle and polite. She has strong family values. Of course, she is willing to get married with an old guy. Most of these brides can adapt to new country and cultures easily.

Why are single Asian women looking for men overseas?

Finance is the first thing. Modern life is the second. Most of these women in Asia life in a poor and outdated lifestyle. They are looking for improving their lifestyle by getting married with men in the West. These guys are either native Western men or Asian Western men.

So, if you are one of these single Asian women looking for men in the West and vice verse, then you should take action to find your second half today. Life is short. Don't just sit there and wait. Take action to register a profile and meet your future life mate now.

Tuesday, March 5, 2013

Get A $10,000 Personal Loan With Bad Credit: It's All About Purpose

Oftentimes, people with bad credit assume that getting a ,000 personal loan is pretty much impossible. With bad credit, they think, no lender will even talk to me. However, what these people fail to realize is the importance of factors other than credit in the assignment of a loan. Though personal loans are inherently more risky than secured loans like home and car loans, borrowers with bad credit can still acquire them if the frame their application in a way in which promotes the reason for getting the loan in the first place rather than their bad credit history. This is the key to securing a ,000 personal loan with bad credit which will be discussed in detail in this article.

The Importance of Purpose

When it comes to lending money, professional lenders are concerned with a number of factors surrounding that money. Though credit is among these factors, it does not exist alone. In addition, the lender wants to know what the borrower intends to do with the money he takes. In the case of a secured loan, like a car loan, the ,000 is obviously going towards the purchase of a vehicle which is most likely needed. However, personal loans are not so closely tied to their purchases and many times lenders fear that those with bad credit intend to use the loan for the wrong reasons.

Basically, a lender wants assurances that the ,000 personal loan they offer to a person with bad credit will be used for a responsible reason. Loans that are taken out to consolidate debt or to pay medical bills qualify as solid loans. However, looking for a ,000 personal loan to finance a vacation is not such a good idea. Especially with bad credit, personal loans need to be used only as a last resort and the reasons for taking it should exhibit your responsibility as a borrower, not the reasons for your bad credit in the first place.

How to Include Purpose in a Loan Application

At first, trying to convince a lender to give you a ,000 personal loan with bad credit based on your application alone may seem impossible. After all, most online applications are pretty straightforward. This is where planning and anticipation come into play. If you fill out an online form and leave it to chance all you are likely to get is rejection. Instead, consider ways to integrate your purpose into your application consideration through a follow-up email or, even better, a phone call. By making your needs known to the lender you become a human that is more likely to receive sympathy rather than just another borrower with bad credit looking for a personal loan.

Using Your Loan

A final factor to consider when looking for a ,000 personal loan is the long term implications of taking on more debt. It is important to understand that, even if you get this loan with bad credit, you will still have to deal with the realities of your financial situation. Personal loans are really only temporary bandages, not long term solutions. Consider talking to a debt specialist about your previous issues that led to your bad credit score in the first place. Also, be aware of your budget though careful spending and accounting which takes both current and future payments into perspective.

By taking the time to assess your situation and assert your desire to spend and borrow responsibly, getting a ,000 personal loan with bad credit is a possibility for you. It is all reliant on how you frame the argument.

Saturday, March 2, 2013

Forex Charts - Using The ADX Indicator For Bigger Profits

If you're using charts, then you want to trade the strong trends - and the Average Directional Movement Index Indicator, or ADX, enables you to do this.

Wells Wilder developed the ADX, and outlined it in his classic book New Concepts in Technical Trading Systems.

Let's look at this essential indicator in more detail - and see how to apply it on your forex charts, to give you greater accuracy when generating your trading signals.

Determining the Strength of the Trend

The ADX is a momentum indicator, which aims to measure the strength of the trend - and attempts to determine if the market is trending, or is trading sideways.

The Advantages of the ADX

A core belief of technical analysis is that a strong trend in motion is more likely to continue, than reverse. Therefore, you always want to be trading strong trends - as your odds of success are higher. The Average Directional Movement is a good indictor and you should consider using it as part of your currency trading system.

The Technical Bit

For the boffin's out there, here's the technical bit don't worry if you don't understand the calculation, its easy to use when visually plotted. The ADX is based on the comparison of two other directional indicators, both of which were also developed by Wilder, and they are:

Positive Directional Indicator (+DI) and the Negative Directional Indicator (-DI) to produce ADX as showed in the following formula:

ADX = SUM[(+DI-(-DI))/(+DI+(-DI)), N]/N


N: Refers to the period of calculation. The formula above produces the ADX line, which oscillates between 0 to 100 values. The +DI and -DI are both present and can be seen to make up the indicator.

You don't need to understand the above calculation to use the indicator you only need to accept that the indicator works.

The indicator is easy to use when it's visually plotted - and you'll find it included, with most of the good forex chart services.

How to Trade using the ADX Indicator

The ADX it's not a bullish, bearish trading signal generator - and should never be used as such.

The ADX indicator simply indicates the strength of the trend - and other indicators should be used to enter, and exit trades.

Although the ADX fluctuates from 0 to 100, it rarely moves above 60.

Use the ADX in the following way:

Readings above 40 indicate the strength of the trend.

Readings below 20 indicate range trading and flat periods of consolidation.

You can use the crossing of +DI and -DI to determine the trend direction; when +DI crosses -DI upward, it's a bullish signal, on the other hand, when +DI crosses -DI downward it's a bearish signal.

The ADX line is a great momentum indicator and like the RSI (also developed by Wells Wilder), the ADX it will help you trade the strongest trends - and give you advance warning of changes in momentum.

The Bottom Line

If you want currency trading success, you can't just trade support and resistance levels, and hope they hold or break. You need confirmation of momentum to get the odds on your side - and the ADX indicator will assist you.

Final Words

New Concepts in Technical Trading Systems was published in 1978, and was one of the first trading books I ever bought. Every trader should make this book a part of his or her forex education. If you want to learn forex trading the right way, get the book, and use the ADX indicator to increase your chances of making big FX Profits.

The Pooling Group: An Unconventional Source Of Capital

We now would like to introduce a very unusual approach often used to raise short-term capital in the Caribbean. This is a method mostly used to save money for special events, such as the purchase of a car. It has become so popular in the US now, that banks use it as an acceptable way to finance the down payment for the purchase of a home. We believe that in certain circumstances, it might be a great capital formation strategy for a small business buyer. The following are the most important characteristics of this technique:

- It is initiated by a Group of five (5) or more people
- Each member of the Group is employed or is a business owner
- The Group is supervised by a manager (usually the organizing member)
- There is a solid commitment by all members to carry out the entire "round" (to be discussed shortly)
- Group members are required to contribute an affordable monthly (or whatever contribution frequency they agree upon) amount, usually 0 or more

To carry out the task of helping its members raise needed capital, a Group can be defined by the following:

- Number of members
- Group head: the person in charge of collecting contributions and disbursements to members. This person is also responsible for keeping track of the logistics of the Group. That is, s/he keeps track of members that have received their round, those that are missing contributions, etc.
- Contribution amount
- Frequency of contribution (usually monthly)

Such a Group is basically a twisted version of an investment club. Members, usually friends and/or family, unless there is an independent Group Manager, agree to pool money by contributing monthly to the fund. Each month, one member gets the entire amount contributed by all members in a round robin fashion. The cycle continues until everyone has received a pay-out, also called a "take" or hand. Note that this is simply a way to get a lump sum at a specific time based on your position in the queue. For a business buyer, the best position in the queue is probably the first one, because the first person in the queue receives the first "take". This would then allow for his/her future contributions to be drawn from the operations of the acquired business.

Please note that this is not a savings account. In the end, contributions and pay-outs cancel each other, such that members do not gain or loose any money at the end of a round. (See table below). In addition, money contributed by the Group's members is never deposited in a bank account, hence earns no interest. To illustrate, let us create a fictitious Group of three members (Member 1, Member 2, and Member 3). Let's assume that each member contributes 0 weekly. There are as many cycles (or rounds) as there are members, in this case three cycles (Week 1, Week 2, Week 3). The total amount of each member's take when his/her turn arrives is 0, which is also equal to the total amount of money contributed.

Week 1

Member 1/0/0
Member 2/0/
Member 3/0/

Week 2

Member 1/0/
Member 2/0/0
Member 3/0/

Week 3

Member 1/0/
Member 2/0/
Member 3/0/0

So, if a buyer can manage to create one of these Pooling Groups around the time that the closing is scheduled to take place, s/he can use this very simple technique to raise the necessary funds to close on an acquisition.

Thursday, February 28, 2013

Freightliner Commercial And Work Trucks, New And Used, For Sale With Clearance Prices And Special Dealer Financing

Freightliner commercial and work trucks, new and used, are available for sale with clearance prices and special dealer lending due to this economic down turn. Due to a contracting market, many institutions have surplus Freightliner work and commercial trucks on their records that they need to retail or lease. These in-house inventories are non income producing, therefore putting tension on the bank to make a arrangement with the consumer. These opportunities can be originate in the asking price, the lending or a combination of both.

An off lease commercial vehicle has been brought back to the lender as the lease has expired. The lessee has made a determination to give back the item in lieu of exercising the buyout option. A repo has arisen due to a failure to pay terms or a breach of the conditions of the lease. Either way, the lender has taken these trucks back and must recondition these Freightliners and either sale them or lease them.

The lender will either advertise their listing through their internal sales force or outside professionals such as brokers to move their inventories as fast as possible. From time to time as these inventories aren't moving, the bank could place these Freightliner work and commercial trucks up for public sale

The type of Freightliner work and commercial trucks we are going to distinguish as prospective opportunities for the consumer. are the following:

Freightliner dump trucks, Freightliner semi trucks and tractor trailers, Freightliner garbage trucks, Freightliner tow trucks, Freightliner vacuum trucks, Freigthliner big rigs, Freightliner boom and cement trucks, Freightliner tanker trucks

Some of the ways the start up and/or experienced business can find these opportunities are through trade publications, surfing internet search engines, contacting lease brokers for information and speaking to banks directly.

In addition to the Freightliner work and commercial truck clearance public sale offering discounted prices, the banks are working with the dealers to reposition these trucks with minimum credit requirments for their upcoming consumers. Instead of complete paperwork and stringent lending qualifications., these lenders are working with the start up and experienced onsumers closely to make a deal happen. A quantity of banks are offering credit programs with 3-5% down with nominal credit starting as little as 525. No past year income tax returns and financial statements are required..

At the current time, there are selected semi truck Freightliner truck programs that don't require a credit check. This is a huge opportunity for the owner operator or company driver to take a semi truck without worrying about their credit being an obstacle. In this market with massive layoffs and numerous companies looking to scale finance their operations and expenses, this is a scary period for the company driver. For other trucking companies seeking owner operators only, these no credit check monetary gives the company driver and the unemployed semi truck driver a unique opportunity to obtain a truck.

In closing, this is a buyers market for Freightliner work and comercial trucks. Check out all the deals in the market and make sure that you have a stable income base to assume any debt that you may occur.

Happy shopping for your Freightliner work and commercial truck and its related financing.

Wednesday, February 27, 2013

How To Research Stocks: 5 Stock Researching Techniques To Stop Being An Investment Loser

Are you trying to discover how to research stocks? As soon as you confirm which business cycle the economy is at present in you are able to start studying for a trade. It's best to get some sort of a system in place that shall be employed prior to each particular transaction. Here is a straightforward 5 Step formula to help get you going.

5 Steps For How To Research Stocks And Investing On the web:

1. Discover a stock

This is the single most obvious and most troublesome step in stock trading. With in excess of 10,000 stocks to trade a good guideline to consider is time of the year. For instance, as I write this, it's the beginning of springtime. It'd be sensible to think about stocks that traditionally make runs, or slide if you're bearish, throughout this point in the year.

2. Basic Research

Many short term traders may hold a different view with the requirement to carry out any Basic Research, however understanding the chart patterns from the earlier period and the news relating to the stock is pertinent. An example would be earnings season. If you're planning on playing a stock to the upside that has missed its earnings target the last three quarters, caution could be in order.

3. Technical Analysis

This is the part where indicators can help. Stochastics, the MACD, volume, moving averages, RSI, CCI, support levels, resistance levels and all the rest. The batch of indicators you select, whether lagging or leading, can rely on the area you receive your education. Keep it straightforward when first beginning, utilizing too many indicators in the beginning is a ticket to the kingdom of big losses. Get very comfortable using 1 or two indicators in the first instance. Understand their details and you may be sure to create more improved trades.

4. Follow your picks

Once you have placed a number stock trades you should be handling them properly. If the trade is supposed to be a temporary trade view it faithfully for your exit signal. If it's a swing trade, watch for the indicators that notify you the trend is on the move. If it is a long term trade do not forget to set each week or per month checkups on the stock. Make use of this time to keep on top of the reports, confirm your share price targets, set stop losses, and keep an eye on other stocks that you might wish to own too.

5. The overall strategy

As the saying goes, all ships rise and fall with the tide. Being aware of which areas are heating up stack the chips to your advantage. For example, if you're long (expecting the share price to go up) on an oil stock and the majority of the oil area is rising then more likely than not you're on the correct side of the trade. Several trading platforms will offer you admittance to sector-wide information in order that you are able to get the education you require.

How To Research Stocks - Conclusion

Prior to take the leap and invest your hard earned money into a specific stock it is critical to do your analysis correctly. the internet has made it a good deal more straightforward for everyone to invest and produce an income from their investments. However it is still as easy to lose your money if you go about it the incorrect way and do not have a firm strategy for investing. The above advice should put you on the right road when answering the question how to research stocks.

Tuesday, February 26, 2013

The Basics of Yahoo Finance

Investment for future is a wise thing to do for your retirement. One form of such investment is purchasing stocks, which represent a fraction of the company, so that when you purchase stocks of that company, you are in a way purchasing into that company. You can get profit if the company gets profit, and lose money if the performance of the company goes down. Success in purchasing stocks on the net comes from the ability to see the bigger picture of the market and from concentrating on even the smallest details.

Yahoo Finance is one of the services provided by Yahoo that gives almost all kinds of financial information including stock exchange rates, stock quotes, financial reports, corporate press releases and famous message boards to discuss the stock valuation and prospects of a company. In addition to that, it also provides some host tools for the management of personal finance.

At Yahoo Finance, you will have access to a huge range of financial resources including
- Latest market information including delayed quotes, historical price data, tracking of personal portfolio, SEC filings, mutual funds and stocks charts, data of insider trading, exchange rates of currencies, estimates of earnings and research, recommendations of brokerage and listings of industries and sectors.
- The service also includes display of financial news from different news agencies world wide, editorial contents from various experts and external links for news from other web sites.
- Personal finance tools like calculators, rates and glossary.
- Content on personal finance including how to guides, comments from experts and latest finance news.
- Interactive features like stock chat rooms and financial message boards.
- Quotes and information from European markets of UK, France, Italy and Germany, Asian markets of South Korea and Japan and markets of Australia and New Zealand.
- And an ample directory of other web sites.

If you want to start investing and want to learn the basics about financial planning and stock market, the category of Investment References and Guides on Yahoo Finance directory can be a great help to you. In this, you will find numerous resources which will assist you to get started with the stocks, mutual funds, bonds and other vehicles of investment. However, in regard to trading actually, Yahoo Finance is not a provider of brokerage service, but you will have to register with a stock brokerage firm for selling and buying stocks. For that purpose, you will have to go to brokerage listings present in the Yahoo Directory.

Yahoo Finance contains the most updated financial information on the net. Prices, annual high & low, changes in dividend rates and outstanding common shares are updated daily; corporate action items like exchange changes and stock splits, officer changes and flash earnings announcements are updated as and when they are announced; quarterly financial statements, company phone numbers and addresses and shares that are held in public hands, the float, are updated after every 3 months; officer names, number of employees and annual financial statements are updated every year; the mutual fund reports are updated once a day at around 6 pm; 2-year, 5-year and max charts are updated once a week on Friday, after the market gets closed; Research reports are updated every day; Downgrades and upgrades are updated 3 times a day; IPO news is continuously updated during the whole day.

Sunday, February 24, 2013

Eva And Raroc In Banking Performance Metrics

For efficient business strategy and to improve performance, many financial institutions, such as banks, utilize banking performance metrics. These metrics help in measuring the profitability of the business units, to manage the risks that come with the allocation of capital, and to evaluate performance of each business unit.

The increasing prevalence of technology and the complexity of the market drive many institutions to improve their performance. In a world filled with competition, survival is an objective of many businesses, both the new ones and even progressive ones, while those at the top also have the aspiration to sustain their glory.

Success in a competitive environment has then become a challenge among businesses. To possibly attain this, businesses, such as banks, must measure their performance to be able to come up with solutions once the result of the measure seems unfavourable. Banking performance metrics can be used to aid managers in coming up with complex decisions.

Among the performance metrics used by many banks and other businesses in coming up with financial information for decision-making and evaluation are economic value added and risk-adjusted return of capital or RAROC.

Economic value added, simply known to its acronym version, is an estimate of real economic profit of an entity after performing corrective adjustments to generally-accepted accounting principles or GAAP accounting including the deduction of the equity capital's opportunity cost. Based on estimates, the utilization of GAAP in corporations ignores a certain worth in shareholder opportunity costs.

The EVA of a business can be measured by deducting the money cost of capital to the Net Operating Profit After Taxes. The money cost of capital in EVA refers to the amount of money instead of the cost of capital in proportional rate.

Stern Stewart & Co. develops its registered trademark, Economic Value Added performance metrics.

Meanwhile, the RAROC or risk adjusted return of capital, is used to analyse the risk-adjusted financial performance of an enterprise and to provide a view of profitability. It is a risk-based framework to measure profitability.

A ratio of risk-adjusted return to economic capital, RAROC is used to determine the economic profit of an enterprise. This system is used to allocate capital for risk management and performance evaluation.

The risk-adjusted return of capital is utilized by banks and other financial institutions. As a risk management tool, RAROC is used to determine the optimal capital structure of the bank through the allocation of capital to individual business units.

Moreover, RAROC is used as a banking performance metric to let banks assign capital to companies and business units, as determined on the economic value added or EVA of each unit. The utilization of capital as determined on risk enhances the capital allocation of banks. The capital that is placed at risk is expected to provide return beyond the risk-free.

EVA and RAROC are among the banking performance metrics used by banking business units to determine profitability in economic sense. The economic value added is utilized in corporate finance to determine the value being created beyond the required return. On the other hand, the risk-adjusted return of capital is determined for the allocation of capital for risk management and performance evaluation purposes.

Saturday, February 23, 2013

Forex Point and Figure Buy and Sell Signals

Traditional forms of technical analysis leave much room for interpretation and error when determining buy and sell signals. This includes the use of technical indicators, price patterns, and support and resistance lines. Point and figure charts, by contrast, are exact in calculating buy and sell signals.
Not enough traders are utilizing the benefits of point and figure charts in the forex market. I don't why that is. Maybe it's due to the relatively young nature of the forex market. Or perhaps it's due to the global nature of forex trading and the predominance of traders outside of the United States.
Point and figure charts were first applied in the U.S. by Charles Dow, of the Dow Jones Company. Dow applied point and figure charts in the late 1800's to stock price movements. Since then, the method has been used by savvy stock traders throughout the decades, but it's never caught on like other charting methods such as bar charts or candlesticks.
Even fewer in the forex trading world have used the point and figure method to trade currency pairs. There seems to be a willingness to study and adopt more complex and subjective methods such as Fibonacci retracements, Ichimoku clouds, and Gann projections to name a few. But these methods of analysis leave a lot of room for judgment and interpretation. In short, many of the technical methods in the forex market are subjective.
I encourage forex traders to start studying point and figure charts, which are the most objective and precise charts in the world. There's no room for judgment or interpretation when it comes to determining a buy or sell signal on point and figure charts. It's a "black and white" or "yes or no" type of question. Either a currency pair is on a buy signal, or it's not.
With point and figure charts, buy and sell signals are determined by examining a currency pair's movement. That's it. Time does not factor into the equation. Moreover, point and figure charts use a filtering technique to minimize the randomness that is associated with currency pairs. The filtering technique is called a three box reversal. A currency pair's movement is considered meaningful, i.e. worth charting, only if it's of a magnitude greater than three boxes. All other movements are considered too small, or too random, to be worth charting.
A buy signal is generated when the current column of X's exceeds a previous column of X's. But this buy signal can take place over many different intervals, depending on the box size of the point and figure chart that is being used. For instance, a day trader might use a very small box size chart when trading the EUR/USD, a box size on the order of five or ten pips. A long-term trend following trader, by contrast, might use a much larger box size of 100 to 200 pips.
A sell signal is generated when the current column of O's drops below a previous column of O's. But like the buy signal, a sell signal can occur across various intervals, depending on the box size in use.
Trading currency pairs with point and figure charts is an entirely unique and objective approach to profiting in the forex. I encourage you to consider learning how to apply point and figure charts to your trading. You will see how amazingly objective and precise point and figure charts really are and how you can quickly and accurately determine if a currency pair is on a buy or sell signal.

Thursday, February 21, 2013

Trace Fake Credit Card Transactions Through The Bank Identification Numbers Database

The bank identification numbers database is one of the most basic resources of merchants and banking personnel whenever they have the need of determining the identity of a certain credit card. This bank identification numbers database contains all the information that an individual may look for in knowing the details of the credit card that he holds, including its brand, its place of issuance and its issuing bank. The bank identification numbers database is different from the bank identification numbers public list. Unlike the latter, the bank identification numbers database contains a wealth of information about the credit card, in fact, almost everything that one has to know about it. The BIN public list, on the other hand, contains only limited information about credit cards like BIN ranges. The best thing about the bank identification numbers database is that it makes possible the tracking down of lost credit cards or the use of these lost credit cards in fraudulent payment transactions.

The Importance of the Bank Identification Numbers Database in Tracing Fake Transactions

As previously stated, the bank identification numbers database contains all the information that an individual needs to know about the identity of the credit card. Through its BIN, a merchant may be able to have a closer look at the identity of the card being presented to him by his customer. The bank identification numbers database tracks down fake payment transactions in credit cards through its BIN lookup feature. When a certain customer uses a credit card to pay for the goods or services of a certain business, the merchant verifies the identity of the credit card through its BIN. When a discrepancy between the credit card details presented through the BIN and the details of the actual transaction is detected, then the bank identification numbers database comes to the scene to perform some verification functions both in the credit card being presented to the merchant and in the person presenting the credit card. The bank identification numbers database determines that a transaction is fraudulent when such discrepancies occur, or just whenever a certain detail does not match with the details that a credit card holds through its embedded BIN.

How the Bank Identification Numbers Database Secures Businesses Today

The bank identification numbers database does not actually just provide security measures to merchants but to businesses as well. With the surge of internet-expert frauds nowadays, it becomes necessary for businesses to create certain measures through which they could overcome the tactics of these frauds because if they fail to do so, it is their business that is placed at stake. One of the most common security measures used by businesses today is the bank identification numbers database. Because the bank identification numbers database has the ability to detect fraudulent credit card transactions, it then guards businesses from being deceived by fake credit card holders. The acceptance of credit card payments becomes a risk for businesses when such fraudulent activities start to pester them, and without the bank identification numbers database, it becomes much harder for merchants to deal with frauds. With the help of the bank identification numbers database, businesses are able to confirm their suspicions over fishy credit card transactions.

Wednesday, February 20, 2013

Form 8K Reporting Of Reverse Mergers

On September 14, 2011, the Securities and Exchange Commission ("SEC"), Division of Corporate Finance issued its "Staff Observations in the Review of Forms 8-K Filed to Report Reverse Mergers and Similar Transactions," which summarizes SEC staff comments in response to reports on Form 8-K reporting reverse mergers with public shells or similar transactions resulting in an issuer ceasing to be a shell company, often known as a Super 8-K because of its requirement that the Issuer provide "Form 10 information".

These new requirements increase the appeal of direct public offerings and go public direct transactions for issuers who want to avoid the increased legal and compliance costs of reverse mergers. Reverse merger issuers often find their securities subject to Depository Trust ("DTC") scrutiny, DTC Chills and global locks because of the fraud associated with reverse mergers.

In its release, the SEC indicates that the Super 8-K filings often fail to provide required disclosures under Items 2.01, 5.01 and 9.01 of Form 8-K. The requirements of these items are summarized below.

Item 2.01 - Completion of acquisition or disposition of assets requires the issuer to provide information following a transaction that is outside the ordinary course of business. A corporate acquisition as well as an asset acquisition can result in a company no longer being a shell company. In the event that the asset acquisition results in a company no longer being a shell company, all information required in a Form 10 Registration Statement must be filed in a Super 8-K within four days of the completion of the transaction. The SEC release provides, "we frequently remind companies that Instruction 2 to Item 2.01 makes clear that the term "acquisition" includes every purchase, acquisition by lease, exchange, merger, consolidation, succession or other acquisition." Further, when a company's reverse merger or similar transaction includes an asset acquisition as defined in Item 2, then an Item 2.01 disclosure is also required.

Item 5.01 requires disclosures regarding a change of control. Issuers must include all disclosures required by Item 5.01 when filing a Super 8-K which include:

(i) identity of the person(s) acquiring such control;

(ii) date and description of the transaction which resulted in the change in control;

(iii) basis of control, including percentage of voting securities of the registrant now beneficially owned by the person(s) who acquired control;

(iv) amount of consideration used by the person(s) acquiring control;

(v) source of funds used by the person(s) acquiring control;

(vi) the identity of the person(s) from whom control was assumed;

(vii) any arrangements or understandings among the members of both the former and new control groups with respect to the election of directors or other matters; and

(viii) the information required by Item 403(c) of Regulation S-K.

Item 9.01 is the Financial Statements and Exhibits section of the Form 8-K. Issuers must include historical financial statements of the acquired private operating business. In particular, the Form 8-K must include two years of audited financial statements and unaudited reviewed interim periods to the date of filing. In addition, the issuer must include pro forma financial information accounting for the combined companies.

Copyright (c) 2013 Brenda Hamilton, Attorney

Monday, February 18, 2013

Administrative Support Resume - Accomplishments Are Key

Writing an administrative support resume? Gain a competitive edge by including professional accomplishments that will motivate employers to call. A former recruiter identifies 5 questions to ask yourself when preparing your resume.

Coming up with relevant professional accomplishments for use on a resume is not always easy. That's especially true if you're writing a clerical or administrative support resume, as much of the job of administrative or office support doesn't lend itself to the kind of over-the-top accomplishments that move the earth and win wars. Still, professional accomplishments are necessary: they breathe life into a resume, and provide an opportunity to get a leg up on your competition.

Help in Identifying Accomplishments for your Administrative Support Resume

If you find yourself staring into space while trying to come up with accomplishments for a clerical or administrative support resume, you've got plenty of company. But shaking free of writers' block is often as simple as forcing yourself to think beyond the everyday duties you perform. Here are some probing questions to ask yourself to get you started.

Did you improve the filing system for the office? If so, an accomplishment might sound like: Designed and implemented an improved file management system that reduced file backlog from three days to one.

Were you the point person in an office startup or expansion? If so, a resume accomplishment might sound like: Established office procedures supporting a doubling in medical staff with no subsequent increase in support personnel.

Did you have a hand in improving the efficiency or speed of office procedures? If so, an accomplishment might sound like: Developed a tracking and call-back system for delinquent accounts that reduced A/R collection period by 75%.

Did you save your company money? If so, an accomplishment might sound like: Reduced annual insurance expenses ,000 by re-negotiating malpractice, health and disability insurance policies.

Were you involved in the transition of something technical? If so, an accomplishment might sound like: Upgraded and migrated 6 office computers to a UNIX-based platform.

Did you receive training, or did you initiate a learning experience outside your job description? If so, an accomplishment might sound like: Enrolled in evening university classes (labor and employment law) to better assist legal staff in case work.

Were you recognized for exemplary performance? If so, a resume accomplishment might sound like: Received numerous customer comments and correspondence--as well as a company bonus--in recognition for exemplary customer service.

Your Administrative Support Resume - Target Your Next Job

Once you've asked the questions and identified a number of accomplishments that will look good on the resume, make sure those accomplishments speak directly to the kind of position you're seeking. If the position opening has been posted or otherwise advertised, you can glean loads of information from the job description that will help you target your resume like a laser beam.

Finally, if your paper is still blank after these exercises, make a commitment this day to begin keeping a journal of the contributions you make to your company. Remembered and recorded, professional accomplishments will serve you long after the initial accolades.

Sunday, February 17, 2013

Get Rid of Unnecessary Debts With a Suitable Illinois Payday Loans Consolidation Program

Making use of an Illinois payday loans scheme is one of the best ways of keeping accumulative debts in check. As a result of the prevailing gloomy economic climate and high inflation, many people have resulted to taking payday loans in order to meet emergency financial needs. If you are such a person, you will ultimately find yourself in a tricky situation due to multiple high interest payday loans. This unfortunate predicament can get worse if you are slapped with penalties or fees for not making your repayments on time. You might even be forced to take out additional cash advance loans to pay off the existing ones. Unfortunately, this is not a good solution, and it may not be enough. Fortunately, there is a solution to the problem of having multiple Illinois payday loans debts.

If you have been saddled with multiple Chicago payday loans, you should consider consolidating all of them. Payday loans consolidation basically refers to a program, whereby, all your existing loans are combined together into one new loan under new terms. The key benefit offered by this scheme is that, instead of making multiple repayments to different lenders, you will be required to make repayments for a new single consolidated loan. The monthly repayments are usually lower due to the reduced interest rate, which usually results from the consolidation. The key thing here is that, your monthly repayments will be much smaller and manageable.

You can apply for Chicago, Springfield or Aurora payday loans consolidation from a financial institution. If your loan situation is more complicated, you may have to seek the services of a debt consolidation specialist or agency. There are two different ways through which you can consolidate all your loans. You can either consolidate your debts using a secured loan or an unsecured loan. The secured loan option requires collateral such as a house or a car. The key advantage of secured loans is that they are usually offered at a reduced interest rate.

With a Chicago, Aurora, or Springfield payday loans consolidation scheme, you do not need to deal with all your creditors. This task will shift to your new single creditor (the consolidation company). This will shield you from their collection calls. The company or bank will collect consolidated loans repayments from you after every moth, and disburse them to your former creditors. However, it is always good to be diligent when using these companies since they are not all the same.

When you want to use any of the Aurora, Springfield, or Chicago payday loans company to consolidate your debts, you should perform a background check on their legitimacy and quality of service. This is very important especially when you want to deal with an online Illinois payday loans consolidating company. Some companies are not ethical, and although they usually advertise for payday loans consolidation services, their main aim is to suck more money from debtors. You should check their status at the local BBB (Better Business Bureau) to see if people have complained about their services. Check their website, and read testimonials of their former clients. Basically, find out what other people who have used their services are saying. This simple process can help you get a good Illinois payday loans consolidation company that will assist you to manage your debts.

Saturday, February 16, 2013

Components Of Bsc Analysis

Balanced scorecards are supposed to provide a company with an accurate method of measuring the effectiveness of management processes. When things are not going as expected, it is usually because the installed BSC is not as efficient as once thought. To correct deficiencies, BSC analysis should be conducted.

A competent balanced scorecard will be self-correcting, meaning that any result not in accordance with expectations are easily detected and corrected in due course. This presumed quality of a balanced scorecard must be the first to be put under analysis when companies are trying to determine what might be the problem. The flow of communications between and among the different management levels holds the organizations and ensures that all activities are aligned with the common goal. This presumes the establishment of a system where departments and sections have clearly defined functions, assigned responsibilities, authorities, and activities that have relevance to accomplishment of overall company goals and objectives, as well as to the key areas of management finance, internal process, customer, and learning and development.

Most problems stem from lack of communications but once these are determined and fixed, any disparity between expected and actual outputs must come from other areas. The way the BSC itself is formulated should be analyzed. The usefulness of plans, for example, is logically influenced by data and information from which they are based. Thus, in the analysis of the efficacy of plans, the first thing that must be done is to validate whether the basis is accurate or not. There is also the fact that a general company plan is broken down into smaller plans of departments, sections, and individuals' and ordinarily, they are interrelated with one another. When an individual lags behind, the others suffer as well. This means that junking the plan as no good simply because outputs are not met is the easy way out and it deprives the organization of the chance to dig deeper.

The most logical way to go is to analyze the value of implementation strategies, related activities, and lastly, implementer's performance. Were the implementation strategies for, let us say, the sales plan effective? Were the planned activities accomplished according to timeframes, budgets, outputs, and the like? Did the people assigned to the tasks perform well? Was coordination between departments involved in tasks good? Did the mechanisms supposedly in place detect and correct implementation issues? Were there metrics to gauge the effectiveness of strategies, performance, coordination, desirability of outputs, and use of resources effective? Balanced scorecards are supposed to provide for all these things.

Once these questions are answered, it is easy to see the causes of poor performance and make the necessary adjustments. Evidently, a plan can be good since one only has to show that it can contribute to the attainment of general goals and objectives but still accomplish nothing much. This is because balanced scorecards must be comprehensive establishing reliable and specific measures for all kinds of activities as well as processes.

Form time to time, companies will find reasons to conduct BSC analysis. And this should not only be limited to times when the need is apparent. The business climate is increasingly becoming changeable and there should be no harm done in instituting changes to established scorecards when the situation demands it.

Wednesday, February 13, 2013

Top Five Reasons Why Mortgage Applications Get Rejected

Are you applying for a new mortgage or a mortgage refinance? Its all too common a situation when you have applied for a mortgage with all the hope of moving into that new house only to find out that your financial institution has turned down your application for a mortgage refinance. All those dreams of a new home come crashing down in flames. But then, this need not happen if you get educated about how these mortgage issuers work and then do exactly as they want you to. So, what are these ways?
Below are the five most popular reasons why mortgage applications get rejected - some of them even at the final stage when you are all gung-ho about moving into the new house. By avoiding these five traps, you stand to have a better likeliness of actually having your application for mortgage approved.
1. A Low Credit Rating
Do you know the first thing a mortgage lender will do when you ask them for a loan? One of the first thing the mortgage lender will do when you submit your loan application is to check your credit ratings. Your credit report is easily available to lenders on request if you have submitted an application to them. Getting your credit rating can easily be obtained from all three reporting bureaus. If you have had a bankruptcy or a liquidation of assets, your mortgage application might be already shot. Even things like late payments can be too bad. All kinds of loans are checked - your credit card loans, your personal loans, your business loans, etc. In fact, a lending instruction will go as far as evaluating how you paid back your student loans as they evaluate whether or not to approve your mortgage.
2. High Price of Property
Some sellers would peg a very high price on the property they are selling. This could be because of several factors like location, amenities, condition of house, etc. But the lenders might find such high prices quite unrealistic to finance for. If there's a property whose worth is just about 100,000 in the market, but someone is wishing to sell it for 500,000, then no seller would want to come forward to finance it. This is one more reason why mortgage applications fail.
3. Appraisal Value of Property is Low
This ties in with the above point, actually, but it is different. When you make a mortgage application, the lenders will send their experts to the venue to check out the property and to assess its market value. This step is called as appraisal. Many times, the mortgage application is rejected at appraisal because the value of the property is assessed to be lower than what is applied for.
4. Insufficient Funds in Bank Account
You are not going to get all the funding for the property from the mortgage. You will have to shell out 5 to 25% of the value from your own pocket. Plus there are the fees due at closing to consider. The lenders will dig into your bank account for these fees. If you do not have the right funds ready for them, they will reject. Yes, many lenders just reject without justifying the reason, when the actual reason might be that they have looked into your bank account and made the impression that you would not be able to pay the remaining charges and property value.
5. Too Much Debt
Struggling under a lot of debt is never helpful and especially not good for your mortgage application. If you have too many loans that you are somehow juggling, the lenders would not like to burden you with another. Your level of debt can easily be see on your credit report.

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11. Individuals in the Green Card queue, awaiting US immigration should play it especially straight since any audit by IRS or "Tax Garnishment" can be a red flag to US immigration authorities.

12. Green Card Holders (permanent residents), even those living abroad temporarily should file taxes as residents' though they may be eligible to file taxes as non residents. Filing taxes as non-resident may impact you during re-entry to the US

13. Permanent Residents waiting to Naturalize as US citizens should also be cautious while filing taxes and not stray from the straight line

14. Non-resident Spouse can be Treated as a Resident. Make sure you get credit for all your dependents. This is especially useful for immigrants with spouses and children awaiting immigration outside the country.

15. Foreigners living overseas, and others living in the US who are ineligible to apply for a Social Security Number (SSN) may be eligible for and Individual Taxpayer Identification Number (ITIN preparation). Dependents of US residents living abroad should apply for the ITIN and become eligible to be claimed as dependents for tax purposes

16. Medical Expense Reimbursement Plan: A proven way to slash the high cost of health insurance and out-of-pocket medical expenses not covered by insurance. Self Employed Professionals, Dentists, doctors, and lawyers in private practice, real estate and insurance sales professionals, financial planners, engineers, consultants, and other business owners should seriously look at this planning tool.

17. A few Important Facts about Dependents and Exemptions. Some tax rules affect every person who may have to file a federal income tax return these rules include dependents and exemptions.

Exemptions reduce your taxable income. There are two types of exemptions: personal exemptions and exemptions for dependents. For each exemption you can deduct ,650 on your 2010 tax return.

Your spouse is never considered your dependent. On a joint return, you may claim one exemption for yourself and one for your spouse. If you're filing a separate return, you may claim the exemption for your spouse only if they had no gross income, are not filing a joint return, and were not the dependent of another taxpayer.

Exemptions for dependents. You generally can take an exemption for each of your dependents. A dependent is your qualifying child or qualifying relative. You must list the social security number of any dependent for whom you claim an exemption.

If someone else claims you as a dependent, you may still be required to file your own tax return. Whether you must file a return depends on several factors including the amount of your unearned, earned or gross income, your marital status, any special taxes you owe and any advance Earned Income Tax Credit payments you received.

If you are a dependent, you may not claim an exemption. If someone else such as your parent claims you as a dependent, you may not claim your personal exemption on your own tax return.

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The Every day life of the Aztec people

Very few is left today of the ancient Aztec city of Tenochtitlan. Most of what is left of this city lies at the bottom of Mexico city's Historical center. The city was largely destroyed during the Spanish conquest between the year 1519 and 1521 A.D, However, some of this remains can still be appreciated in the "Templo Mayor Museum" and in the nearby neighborhood of Tlatelolco. The visitor would normally appreciate the ancient ruins, but How did these people actually lived? How was their every day life and their social structures. This is an extensive topic which I will try to briefly cover in a series of articles. In the present one, I will try to cover the Aztec social divisions and how they evolved from the foundation of Tenochtitlan until the Spanish conquest.

As I mentioned in the previous article, when the Aztecs arrived to the central valley where Mexico City lies today, they were mainly a tribe of nomadic hunters with a very basic social structure. Every head of the family at that time was a warrior and a farmer. These family heads participated of larger discussions with other family heads. These discussions were the political center of the early Aztec "democracy", and were very much influenced by the Priests of the god "Huitzilopochtli", which had overall authority over most public aspects of the Aztec People.

This primitive structure evolved to give birth to more complex, differentiated social divisions during the XVth century. Priests were no longer involved with military and civil actions, and the influence of commerce had a big impact in the social structure, with traders occupying an important place. One man above all used to shine against all others, the Tlatoani, the Aztec emperor. The tribal democracy had finally given up to an aristocratic Monarchy.

The nahuatl word "tecuhtli", mandatory, lord, defines the upper class in the Aztec social division. They are the military, finance chiefs, and judges that solve the important issues. The ancient emperor of a city that was incorporated into the empire received the rank of "tecuhtli". Aztec gods also often receive this denomination: "Mictlantecuhtli", The lord of the underworld and "Xiuhtecuhtli", the fire god. Aztec priests only exceptionally received this rank, they used to have their own hierarchy. The rank of tecuhtli was acquired by election or by designation within a particular family. An analogy can be made with the feudal lords of the middle ages. Similar to the way it happened in Europe, a rural noble lord had a different category to a noble lord close to the king. In Mexico, the Tecuhtli of an isolated village did not have the same social status as one close to the Tlatoani, the Aztec emperor.

In terms of the social divisions, the Aztec city was divided in Calpullis, or neighborhoods, the calpulli is the basic nucleus of the Aztec social division. Each neighborhood had its own chief or "calpullec", elected by the people and assisted by a group of elder counselors, the "huehueteque". Few things of public interest were done without the approval of the huehueteque. The main task of the calpullec was to keep a record of the collective lands that belonged to the calpulli, these lands were distributed by parcels among the different families. Land was given based on certain labour conditions (i.e. agricultural production based on the type of crops) the calpullec and its counselors were in charge of making sure that these conditions were met by each family.