Finance

3 opulent cities to rent a luxurious apartment for yourself

The city that you live in largely shapes your life more than you would possibly want to admit. Choosing a city that you want to call your home is not an easy decision, and it often takes countless sleepless nights and hardcore research to finally decide which city you want to rent an apartment in. Before renting, whether you are a married couple who is looking for a duplex apartment or a bachelor looking for a studio apartment, some of the factors that you need to consider are education, high standard of living, job opportunities, and prices of apartment rentals.
However, if money is not a problem for you, your apartment hunting task becomes a little less hectic as you have at least one less thing to worry about. If you have decided to buy a luxury apartment for your family or for yourself but are not able to decide which part of the country to stay in, don’t fret; here are three of the top cities where you can find apartment rentals that you have always dreamt of staying in:
Manhattan
No points for guessing that Manhattan happens to be one of the best places in the country where you can live. While New York City happens to be many people’s dream city, Manhattan is the real lifeline of the city. Square footage price is always at its peak in this city, so consider downsizing and making the most of whatever space you have. The average rent for an apartment in Manhattan happens to be around $ 4,041; the good news is that it has dropped slightly down from the previous year’s $4,105.
San Francisco
San Francisco happens to be infamous for its rates of apartment rentals that are a nightmare for many people who are on a strict budget. However, if you are not one of them and are willing to splurge on your rental apartment, you must check out the gorgeous condos, studio apartments, and Victorian architecture inspired villas that are sure to leave you spellbound. Note that the median rent for a 1 BHK here is about $3,460 a month.
Boston
If the fact that people living in a 1 BHK in Boston spend around $2,260 does not scare you, then you must go ahead and check out the lavish apartment rentals in this fancy city of the country. Excellent education, great health care facilities, security, rich heritage, happening lifestyle, and stunning connectivity happen to be some of the many reasons you should consider living in Boston for.

So, which of these cities are you keen on checking out? Just keep in mind that deciding where you want to live is a life-changing decision, so make sure that you don’t make it in a haste.

Tag: apartment rentals

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Finance

4 factors to consider while choosing an equipment leasing company

It is common knowledge that new offices or businesses require equipment that contributes to the seamless functioning of the organization, and these pieces of equipment aren’t cheap. Usually, business owners buy new or used equipment, and this does cost a lot. Since people aren’t familiar with the concept of equipment leasing, they choose the older, costlier way of buying equipment when they could save money by leasing it instead.

Equipment leasing is one of the easiest ways to ensure that your working capital is diverted to other productive aspects of the business. Moreover, equipment leasing allows business organizations to stay in sync with the latest equipment as they can lease equipment for a short time.

So, if you are out hunting for an equipment leasing company, here are some factors you need to consider while choosing the right one.

The company’s experience: The best equipment leasing companies are those that have ample knowledge about the equipment you will be leasing. In fact, it is advisable to choose equipment suitable for your business from an equipment leasing company that has expertise in that particular field. Doing so can also allow you to lease the equipment at competitive rates and flexible terms.

Customer service: Another important aspect you need to consider while choosing the right equipment leasing company is how the company treats its clients. It is imperative that you pay attention to how they approach you during the initial inquiry. The right equipment leasing company will be supportive of its clients and ensure that you are given plenty of options that can prove beneficial for your business.

Payment options: If you own a business that flourishes on seasonal income, it is advisable to choose an equipment leasing company that offers flexible payment options. In fact, opting for an equipment leasing company that offers deferred payment equipment leases will help in dealing with your limited cash flow.

Company policy regarding repairs and breakdown: Machines can break down due to constant wear and tear or other factors. In such cases, you need to check the company’s lease agreement for terms regarding the repair and maintenance of the leased equipment. When you discuss the terms of your lease with the equipment leasing company’s representative, you should raise questions about how fast the company will respond when the equipment breaks down. This will give you an insight into the company’s efficiency.

 

 

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Finance

Benefits Of Leasing Equipment For New Business Ventures

A new business owner faces many hurdles, and one significant hurdle is managing one’s finances. There are various facets of running an establishment, and it is imperative to manage money appropriately. So, it is beneficial when one devises ingenious ways of saving money while ensuring that they do not compromise on their business’ future, leasing equipment is one such money-saving initiative.

Why is Leasing Equipment better than Buying?

Every business house needs equipment to function and carry out their daily tasks, and this equipment can be quite expensive depending on the brand you choose. So, instead of spending oodles of money on buying new equipment, you can try leasing equipment instead. Equipment leasing is an incredible way of saving money while you are in the process of establishing your business venture. But make sure you know how to choose an equipment leasing company before finalising the leasing agreement.

Here are some of the benefits of leasing equipment that can put all your doubts to rest.

  • Every new office requires equipment to carry out its day-to-day functions. Buying these pieces of equipment can be quite expensive, and can dig into your cash reserve which can otherwise be used for different purposes like meeting the routine business-related expenses or business expansion. Leasing equipment proves instrumental in saving your working capital, and since the lease offers you pre-determined monthly payments, you can manage your budget more effectively. This is one of the major benefits of leasing equipment as it goes a long way in helping new businesses set up long-term plans for their business, and they can divert the cash flow towards other expenses.
  • Not many people are aware that leasing equipment presents their new business venture with various tax benefits. If you decide to lease equipment, it provides your business with a complete deduction of lease payments set against your current earnings. In fact, it even preserves the working capital which you would have lost out on if you had used it to purchase new equipment. In case you have qualms about this process, you can consult a tax advisor to determine your entitled benefits of leasing equipment.

Irrespective of the brand of equipment you choose for your business, it cannot function at its optimum potential forever. Over time, due to constant wear and tear, the effectiveness of the equipment starts diminishing. So, instead of buying new equipment and witnessing its deterioration with time, you can lease the latest equipment and technology for short-term, and upgrade as and when necessary. This is an additional benefit of leasing equipment if your business deals with technology that changes rapidly.

 

 

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Finance

Know how to get the 1099 form for free

The 1099 form is a report for income earned by individuals for their services. It includes income from self-employment, interest, dividends, government payments, etc. For any job performed by a self-employed contractor or business owner, a 1099 form is issued by the IRS. The 1099 form is a series of documents that have to be filled out for the person doing the work and it denotes how much money was paid for the person’s service.

Where to get 1099 Tax Forms?

Not just the 1099 form, but all tax forms are available for free on the official IRS website. With the Free File service made available by the IRS, it is not only easy to prepare and file your federal individual income tax return but it is also free using their tax-preparation-and-filing software.

There are plenty of places where you can find blank, red ink 1099 forms for free. You can use them to report the various types of income you may receive throughout the year apart from the salary your employer pays you. The person or organization that pays you for the service rendered by you are responsible for filling out the appropriate form from the different types of 1099 form and send it to you by January 31 every year. The local library and post office are also good places to get 1099 tax forms for free. Alternately, you could order the forms for free by calling the IRS or order it online from their website. It would take around 4–6 weeks to be delivered to you.

How to get a 1099 Form Online?

While the 1099 form template is available online for free, these are for informational purposes only. You cannot use them to actually file your return. This is because the red-ink forms are scanned by the IRS and even if you could print the 1099 forms in red ink, the official forms use a special red ink for scanning the forms and the red ink your printer uses will not be the same.

For those who are paying for other people’s services, it is important to remember that you get a W-9 form filled out by the person you paid in order to have their Tax ID to enter into your own tax forms.

You can find out more about the free 1099 tax forms on the official website of the IRS.

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Finance

Know about the different types of the 1099 form

The Internal Revenue Service (IRS) classifies the 1099 form as a series of documents that can be referred to as information returns. Reporting all the income earned from various sources by every taxpayer in the country is mandatory, and a taxpayer can do this by filling the different types of 1099 tax forms which can also be availed under the IRS Free File.

What are the different types of 1099 form?

Form 1099-MISC for Self-employed: When you work for an employer and earn wages, the W2 form is used to report your annual earnings by your employer. However, the Form 1099-MISC is used if you are a contractor or a self-employed individual and if you receive payments over $600 in the span of a tax year.

Form 1099-DIV for Interests and Dividends: For returns on stocks, shares, mutual funds, and all other distributions or interest payments you receive throughout the financial year, the Form 1099-DIV or Form 1099-INT is provided to the taxpayer by their respective banks.

Form 1099-G for Income from the Government: The Form 1099-G is used by the Federal and state government agencies to report all the income that it pays out to taxpayers such as unemployment compensation or income tax refunds.

Form 1099-R for Retirees: The Form 1099-R is used to report all the distributions received from pension plans and all withdrawals made from the IRA account.

Form 1099-C for Cancelled Outstanding Debt: Among all the different types of form 1099, the form 1099-C is used by all those who benefit from the cancellation of outstanding debt by a creditor or a credit card company when your outstanding dues are waived by them. In such cases, the amount that is waived is treated as income and is taxed for.

The IRS website provides all the required information in a detailed format to those looking for more information and on how you can get the 1099 forms for free. You could fill most of these forms online, do an e-signature, and fax or email it to recipients and even share it with others who need to be in the loop. But the most essential step is to identify which of these different types of form 1099 are you eligible to fill. Alternately, you could also complete the form yourself. The only thing that needs not be ignored, however, is that the details must be completely legible and neatly filled in to avoid processing errors. It is important that you check your work thoroughly and before you start filing the 1099 form, ensure all relevant information on your contractors are readily available. After getting the forms and filling out the necessary information, send the forms by mail to the IRS. However, before sending it, keep a record of the forms you send in your tax files for future reference purposes.

You can check for more details on how you can get the 1099 form for free or how to avail the IRS Free File from their official website.

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Finance

Tips To Find & Hire A Personal Injury Lawyer For A Car Accident

In most cases of car accidents, insurance providers ask their team of lawyers and attorneys to evaluate all the insurance claims. If there is any dispute, you will need a car injury attorney for yourself to get the settlement that is rightfully due to you. Here are a few essential tips to help you hire a personal injury lawyer:

  • Check and verify qualifications and experience of the personal injury lawyer
    Most car injury attorneys handle cases involving personal injury, property destruction due to a car accident, wrongful death, and liability determinations. Before hiring an attorney, check their qualifications. Verify their skill levels, work ethics, and experience. Make sure they are well-versed with the state as well as federal transportation laws.
  • Check the fee structure of the personal injury lawyer you are looking to hire
    Before hiring a personal injury attorney, ensure that you check their fee structure. Check if you have the financial ability to hire that personal injury lawyer. Some attorneys often have a policy of “no win-no fee”. This means that if you do not win the case or get your claim from the insurance provider, your personal injury lawyer will charge no fees. This happens only when your attorney is sure that your case has substantial merit.
  • Hire a personal injury lawyer location
    When you hire a personal injury attorney, you may have to visit their offices frequently. Your personal injury lawyer may require you to come to their office for submitting and signing documents. If your attorney’s office is located quite far from where you stay or work, it will be inconvenient for you to keep up with all the appointments. So, try to look for personal injury attorneys close to your workplace or residence.
  • Hire the personal injury attorney sooner
    All states have deadlines for filing claims related to insurance. In case of an injury caused by car accident, you will need to pay medical bills and recover lost wages. It is necessary to hire a personal injury attorney as soon as possible so that you do not have to pay most expenses on your own and can use the insurance claims. Ideally, a personal injury lawyer should be consulted and hired after one or two weeks of the accident. Make sure to hire a personal injury attorney before reaching any claims settlement with the insurance company.

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Finance

6 steps to getting a car loan quote

Looking for a new car and do not have enough finances? You can always look for a car loan but before that, it is important to know whether you qualify for a car loan. Here are some important steps to take to get approved for a Car Loan:

  • Start with credit score: when you know your credit score, you know how the lender has calculated the factors. Without getting your credit score, there are chances of being blindsided into taking a lesser deal that will cast a heavy burden on the payee. Hence, check your credit score to know if you qualify for a car loan.
  • When going in without having a detailed report on your credit history, there may be some discrepancies that you have overlooked as a result of which you may not get the loan. So when you start out, if there are any essential red flags on the credit report, then take the time to resolve it (it is essential or you might not qualify for a car loan) and then approach the lender after a short interval to get the best and expected loan quote.
  • Once you are sure about qualifying for the car loan, don’t just stop with one lender who is ready to sanction the loan. Take time to reach out to other prospective banks or financial institutions so that you have a detailed list to choose a car loan from, based on your affordability.
  • Step out and take an interview with the lender. While searching online may provide enough information, all the terms of the loan cannot be stated or clarified online. Going in person to meet the lender and then taking time to fill out paperwork and getting a written loan quote will be helpful to understand your options. Also, make sure that you give enough time between the appointments so that you have time to weigh the factors and ask better and important questions to clarify all your doubts before getting another loan quote.
  • Carry all your documents. When setting out to check about a loan and get a quote, make sure to carry all documents that may be required to check your eligibility so that you can show the lender you are prepared and they go the extra length to get you the best offer.

Once you have got the quotes, shortlist the options, do one more round of clarifications and pick the loan quote you are sure about.

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Finance

How to Choose the Right Car Loan

If you are considering to choose a car loan for the next vehicle, some important things should not be missed about loan quotes. However, taking extra caution in researching and then picking the best auto loan may help you to save thousands of dollars that could otherwise be lost in the loan transaction in the form of car loan interest rate, hidden costs, etc. To start with, check out these essential tips that can help you choose right loan quotes to save yourself the hassle of losing money:

  • Set a Budget: Fixing the budget within your means is essential because when you choose a car loan, you will not just be repaying the loan amount borrowed but also the interest and extras. So, when you are out to choose a car loan quote, mention only the overall cost and keep your budget plans to yourself. Let the financial institution give you their best terms and then you can play it up for negotiation. Don’t reveal your cards, but drop them when you have got the best out.
  • Calculate Your Repayments: Before you choose a car loan, you should calculate your repayments. There are quite a few online forums that help you calculate the prospective amount to be paid and the method of calculation. However, these forums also reveal what lengths the lender could go up to. Through these online calculators, you can evaluate the various interest rates that would be feasible for your repayment.
  • Check Your Credit Score: It is important to check your credit score before choosing a car loan because the rate of interest depends on your score eligibility. Having a high score would mean that you could get to negotiate certain terms of the loan.
  • Old Car Rate: If you have decided to trade-in your old car along with a car loan, then it is essential to know the rate at which the trade-in is being done. This amount will help you to finalize the total loan amount and also provide leverage for higher deals in case of an even pricier car.
  • Do Your Research: Research the lender’s car loan interest rates online and then take them up on giving detailed loan quotes. This will ensure that you get to pick the best deal for you.

 

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Finance

Using Credit Cards Wisely

In the present times when credit cards offer us great flexibility in terms of buy-now-pay-later schemes, it is extremely important that you use your credit card wisely. Here are some ways to ensure that using credit cards works for you instead of against you.

How to Use Credit Card Wisely?

The initial step to using credit card wisely is to keep a check on your spend. Just because you have a line of credit, does not mean that you spend indiscriminately. It is extremely important to keep careful track of what you spend and ensure that you aren’t making purchases that exceed your available income.

From the time you swipe your card till you make your payment, credit card companies give you between 30 and 45 days. However, it is vital that you pay all outstanding dues on or before the date specified so as to not incur interest and penalties on late payments or defaulted payments. Defaulting on payments can also adversely affect your credit score. The ultimate goal of using credit card wisely is to keep your credit score in good health.

Best Way to use Credit Card

To use credit card wisely, practice paying your dues in full. Although your card statement will tell you the minimum amount due, it is not advisable to keep paying on this minimum due as you will be levied heavy interest on the unpaid amount still outstanding, a sum that will only compound month on month, possibly running you deeper into debt. If making the monthly payment is difficult, you could negotiate with your card issuing bank to offer you a lower monthly interest rate so that you can make larger payments whenever possible.

When setting a credit limit, do not be lured into setting credit limits that are very high and that might cause you to spend far more than you can actually afford to. As a rule of using credit cards wisely, spend and pay wisely.

 

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Finance

Difference between Credit and Debit Card

In today’s times, it is hardly unusual or even a luxury to own credit cards and debit cards. Both are small pieces of plastic that are embedded with a uniquely identifiable magnetic strip. All debit and credit cards are also assigned a unique 16 digit number to identify them.

Debit Card vs. Credit Card – Differences

Debit cards are issued by banks to all customers who hold an account with them to provide transaction ease and also facilitate a cashless economy.

The first difference between debit card and credit card is that not everyone is eligible for a credit card. Credit cards are issued by the card provider upon request and after the customer passes through the necessary credit checks.

Debit cards essentially allow you to access money that you have deposited with your bank, which is already in your account.

The second difference between debit card and credit card is that, with credit card, you use the bank’s money, unlike in debit cards where you use the money in your own account. Credit cards offer you a line of credit so that you can make a purchase but make the payment for that purchase within a stated time period.

Credit Card vs. Debit Card – Benefits

From a point of view of spending safely and wisely, debit cards score, and are especially beneficial to compulsive shoppers who may buy indiscriminately on credit without factoring in their ability to repay.

On the other hand, credit cards may offer users a number of lucrative deals in the form of points accumulated per spend, money back options and even the possibility of redemption of points accumulated for air travel and so on.

Also, when it comes to an assessment of your credit standing, most banks, and financial companies use credit card payment details for verification rather than debit card usage. Hence, one of the most significant difference between Credit Card and Debit Card is that the Credit Card history can help you build your credit score, if the credit card is used wisely.

Credit Card vs. Debit Card – Which is More Secure?

From a legal and safety standpoint, if you misplace your debit card and it is used fraudulently, the money is immediately debited from your account and you may have to go through a long process of verification before some or all of the money may be returned, that too contingent upon the extent of the bank’s liability. However, with a credit card, even if you lose or misplace a card, you can inform the credit card provider who will immediately block the card, thus reducing your liability.

Irrespective of the differences, debit cards and credit cards offer their own respective benefits, it is important to be responsible in using your credit card.

 

 

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