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Payday advance types of loans usually require the entire amount to be repaid on the next pay period. No credit or faxing needed for loans under $1000. Bad credit OK! Instant Decision; you can start today and have the cash you need quickly
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We can loan up to $500 to Opelika occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
I start up a wp company with $5000. I pay $450 in rent, $300 cash for office supplies & $50 for phone usage. I purchase $800 in resume paper. In the 1st month of business I sell $1800 in word processing services, using $200 worth of resume paper. What is my net income for the month? What is the total of my expenses? What are my total assets? What is my revenue for the month?
It depends on what accounting system you are using. If you are using a cash basis, you claim the expense when you pay for it and the net income would be your revenue minus your expense. On a cash basis, your net income would be $200, $1,800 in revenue less $1,600 in expenses. If you using the accrual basis, there really isn't enough information to tell you what your net income is. Revenue is recorded when it is earned, not when it is received. Under an accrual accounting system, the $800 paper purchase would go in as an asset, and then as you use the paper it would be written off as an expense. and this doesn't include any labor expenses. Just on the information you have given, under an accrual accounting system: Revenue: $1,800 Expenses: $1,000 Net Income: $800 Assets: Cash on Hand: $5,200 (start up cash plus net cash flow) Paper stock: $600 It would be a good idea to find a bookkeeper or a CPA to set up an accounting system for you. All of this can be automatically generated from any accounting program (Quickbooks, Quicken, Opelika Money, etc) if it is set up properly.
You are trying to find loopholes and that is commendable. I'd consult an attorney to see if there are other ways to reduce your liability. Opelika is renowned to be horrible for people having to pay. Here's what that guidelines say: Net income is the total of all income from all sources, minus the following deductions: Federal income tax; State income tax; Social Security (FICA); Mandatory retirement contributions; Union dues; Dependent and individual health/hospitalization insurance premiums; Prior obligations of support or maintenance actually paid pursuant to a court order or administrative order; Expenses to repay debts that represent reasonable and necessary expenses for the production of income; Medical expenses necessary to preserve life or health; and Reasonable expenses for the benefit of the child and the other parent, exclusive of gifts. If net income cannot be determined, the court shall order support in an amount considered reasonable in the particular case. If net income cannot be determined in administrative cases, the Department uses a standard amount based on the state’s minimum wage to arrive at the monthly support obligation. The Department is given the authority to establish support through an administrative process. Support orders established through this process have the same force and effect as a judicial order. (45 CFR 300.0 or 89 Opelika Administrative Code, Sec. 160.60 or 305 ILCS 5/Art. X). You may be better off having them base it off of the min wage. Best of luck.
I pay rent too... sometimes my cash flow is tight. i found a site where you can pay rent with a credit card. www.ricochetaps.com good luck...small businesses need more networking to help each other out in these tough times!!!
Net income is always $0. nets do not work, and therefore they do not make money. nets are tools used by humans for fishing and trapping elephants.