Small Business Tax Debt and Business Cost Reduction
Many companies are in trouble financially due to the economic crisis we are encountering. However, even if you owe business tax debts and have tax liens on record, there may still be some items you should consider to secure loans and or reduce costs.
For example, even if your business has tax liens recorded. You can try to secure a loan via a Factor. There is a procedure named Lien Subordination. See publication 784 for specific instructions on how to apply with the Internal Revenue Service.
Or, this can also be done to secure a Small Business loan. The tax lien is dropped to second or third position and allows the SBA Commercial Loan to go into first position. The Internal Revenue Service receives the funds available from the loan. At least, you will be paying less in interest, penalties with a commercial loan. This by the way is a tax deduction on your business tax return.
Consider reducing non-essential staff. Do your own janitorial and clean up of business premises. Shop for lower merchant account fees for your credit card processing. Reduce Banking fees by analyzing why you incurred them in the first place. Use personal credit Cards, family and friend loans to pay down or full pay your tax debts. Again, this is better than the tax agencies compounded interest rate, and penalties.
Other cost reductions you should implement is seeking Free Advertising on the web. For example, Kijji, Craigslist, Google, Daily Bulletin in the Inland Empire and East Los Angeles County Areas, Backpage.com, Merchant Circle, and join social network Blogs. Do not forget Facebook, Chamber of Commerce Networking Events.
And, check your local business section for Free networking events where businesses have Open House. There are many Business Mixers where you can mingle and pass out your business cards or brochures. And, most of all meet and greet to get clients.
YouTube is excellent to promote your business. For example, restaurant owners can video their premises and highlight the best part of your business. Add it to YouTube. This works for many other businesses as well. See You Tube for more examples on what can be downloaded to get you more clients and post.
Blogs, articles can be submitted such as this one to increase traffic to your website. Look into combining your business with other businesses that have similar clients. Limo Drivers with cake shops, florist, churches, banquet halls, party stores, business networks, chamber of commerce events, etc.
Get professional assistance as needed to advise you on how to submit lien subordination to tax agencies. And, get help from other business owners, friends, family members who can assist you with getting Free Ads on the websites. Remember, you cannot get something if you do not ask.
HALAMAN SELANJUTNYA:
0 Response to "Kisah Peribahasa Melayu Pada Logo Tentera Udara UK"
Post a Comment