Professional Athletes With Tax Debt Problems

personalfinancepostadmin   June 22, 2017   Comments Off on Professional Athletes With Tax Debt Problems
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Darryl Strawberry Dodgers star, Darryl Strawberry first got in to trouble with the IRS in 1994 when he was put under investigation for tax fraud. The IRS tacked him with tax evasion, and he had to pay back $350,000 in back taxes, serve 3 years of probation, six years of home confinement, and complete 100 hours of community service. 2. Lawrence Taylor Former Giants linebacker, Lawrence Taylor filed an incorrect federal income tax return back in 1990. Taylor pleaded guilty to the tax charges in 1997, and was punished with three months house arrest, five years probation and 500 hours of community service for income tax evasion. 3. Pete Rose Baseball favorite, Pete Rose, also got in to some trouble with the government in 1990, when he filed a false income tax return. Despite his celebrity status, Rose was sentenced to five months in a correctional facility, three months in a community treatment center, 1,000 hours of community service and a $50,000 fine. 4. Helio Castroneves The recent controversy around Indy 500 racer Helio Castroneves and his supposed $5 million tax debt has shed light on the tax problems sports stars can get in to. He is currently being tried for evading taxes on a licensing deal that he claims to never have received a dime from. Only time will tell whether the Indy 500 and dancing with the stars celebrity actually committed the tax crime. 5. Willie McCovey Hall of Famer Willie McCovey, like many other athletes who ran in to tax trouble, did so by forgetting to claim cash made during autograph signing. While McCovey pleaded guilty to the crime, he also claimed to have committed it unknowingly, since he had a professional handle his accounting. He was sentenced to two years of probation and fined $5,000. 6…. Read more »

Debt Collection Argentina

personalfinancepostadmin   June 22, 2017   Comments Off on Debt Collection Argentina
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Debt collection businesses are considered highly profitable but it is tough business to do. Debt collection is a critical process to avoid business losses. It is also not viable for a business group or financial institutions to nag debtors to collect debt amounts. That why Debt collection agencies come into picture and these agencies make sure that debts are repaid. There are lots of debt collection agencies in Argentina who are committed towards their clients globally. Debt collection has even become the perfect free enterprise with safe returns. It is universal practice among businesses to give credit to customers to earn goodwill and improve sales volume. But if customers do not pay their debts on time or try to get out of paying, debts can turn into a heavy expense and it can damage your business seriously. Bad debts, if not dealt with immediately, can become a black mark on a company’s balance sheet. So for reducing risk, many financial institutions opt for credit management agencies to recover their debts. There are many advantages to hiring a debt collection agency. With a commercial agency working for your business, you can focus on your business plans without the worry of bad debt accumulation. You can have good customer relationships as collection agencies are professional enough. Another thing you can save the expense of in-house salaried personnel. If you hire a debt collection agency it may happen that it recover the whole debt as collection agencies have the incentive of getting a percentage of what they collect. You need not to bother from legal hassles as the collection agencies are familiar with debt collection rules and regulations. In the end, agencies help your business in reducing bad debts and improving customer relationships. So the key tom success is to be discreet in… Read more »

Active Stock Market Timing

personalfinancepostadmin   June 22, 2017   Comments Off on Active Stock Market Timing
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Much has been written about the virtues and dangers of active stock market trading, or market timing. Most of the pundits and so called “experts” will tell you that stock market timing doesn’t work, that it’s dangerous, and that “buy and hold” is the best and only way to invest. But this conventional wisdom is patently untrue. Here are the facts based on my research and extensive real time experience. If you want to be a successful stock market timer, you need three key elements: 1. A system that actually works. 2. Discipline to follow the system. 3. Patience to stick with the system long enough to make it work for you. And its tough to do all three. Heres why: Most market timing systems dont work. Or dont work consistently enough to be valid. Some will work in trending markets but get slaughtered during flat times. Most systems dont work in all markets. Investors lack the discipline to follow a proven system. Once an investor finds a viable program, he or she needs the discipline to follow it. Sadly, some either cant or wont do that. When they let their own judgment or intuitions interfere, they dont get the results they want or could have enjoyed by simply following the buy and sell signals they receive. Investors lack the patience to stick with their system. Many investors are constantly in search of the Holy Grail, a program that never loses a trade. The fact is, no method will win every trade, and investors without patience will find themselves hopping from advisor to advisor with no rewards to show for their efforts. However, there are a number of proven systems available that recognize these pitfalls and successfully time the market to massive profits year after year. Anything you hear or… Read more »

Advantages of Binary Options Trading

personalfinancepostadmin   June 20, 2017   Comments Off on Advantages of Binary Options Trading
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A different trading instrument which is fast becoming popular is the Binary Option. Since 2008, this trading instrument has been drawing the attention from investors and traders. Below are some of the reasons why investors can consider them as part of a range of financial instruments to grow your assets. Low or zero fee Most brokerages don’t require a brokerage fee to trade. As a result, no cost to lessen your winnings. Recognize your payout right before it starts For individuals who do not like the idea of being unsure of their potential profits, binary options may help as payouts would be identified beforehand as a way to make your best informed decision. Benefiting in bull and bear markets Compare against purchasing stocks and shares or mutual funds, where it generally generate profits in a positive market, you can make money trading binary options in both bull and bear markets by getting your direction right. No margin calls, 0 interest cost Unlike margins utilized for trading stocks and foreign currency, binary options does not use margin loans, and therefore, will not require you to top-up when things go south. Acquiring trades through margin charges an interest on the outstanding trade amount and this add up to the expenses for the investment. A variety of categories to decide from As a result of the rise in popularity of binary options, many platforms now provide numerous categories to invest in. You get commodities, worldwide stocks and Forex currency pairs to select from. On top of that, international indices are readily available at the same time. Small investment value Participants can initiate a position for as low as five dollars. This really aids investors who may not have a lot of money but still seek for an opportunity to build their portfolio. Trading… Read more »

Msc Accounting And Finance At The University Of Southampton

personalfinancepostadmin   June 17, 2017   Comments Off on Msc Accounting And Finance At The University Of Southampton
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If you are thinking about applying to enrol on the MSc Accounting and Finance masters degree at the Management School at the University of Southampton, then here is a quick overview of the course. The Accounting and Finance MSc course is designed to meet the needs of students who have some knowledge of accounting and finance and who wish to extend their knowledge to an advanced level. Students who have studied very little accounting or finance and have little relevant work experience are likely to find the programme very challenging indeed. This MSc Accounting and Finance masters degree course consists of a core covering the main areas of accounting and corporate finance, and a research methods course that supports the dissertation. Options available on this programme of study allow students to study particular aspects of accounting or taxation in more depth. For example, there is a pathway within the programme that allows students to concentrate on research-oriented training and more advanced aspects of accounting and finance. Your understanding of the subjects covered and your ability to use the knowledge and skills gained will be enhanced through a variety of methods and strategies on the MSc Accounting and Finance masters degree. If you wish to apply to study this MSc in Accounting and Finance you should complete a University of Southampton application form and return it to the Academic Registrar. Your application to study MSc Accounting and Finance will be carefully considered by a specialist member of the academic staff who will weigh up many factors; not only your academic achievements, interests and aptitudes, but also your motivation and your referee’s confidential report. At the Management School we make our decisions in most cases on the application form and supporting documents alone. However, candidates who require special consideration, e.g. on grounds… Read more »

Day Trading – Is Forex Easier To Trade Than Stock Market Indices

personalfinancepostadmin   June 16, 2017   Comments Off on Day Trading – Is Forex Easier To Trade Than Stock Market Indices
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There are many professional day traders out there who focus all their efforts on trading a particular instrument, whether it’s a currency pair or a stock market index. I personally have attempted to trade both in the past so I can speak from experience when I say that in general it is much easier to trade forex. The main reason why is because when you trade one of the major currency pairs you can usually concentrate purely on technical analysis. In other words when you trade the intraday charts you can trade the forex pairs around pivot points and areas of support and resistance because the price movements can be quite predictable. However when you trade stock indices such as the FTSE 100 or the Dow Jones, for instance, the price movements are not always so predictable. That’s obviously because these indices are made up of various different stocks and they don’t always rise and fall in tandem with each other. Yes you may get some days when all the constituents trade higher or lower, but most of the time certain sectors will be strong, whilst others may be flat or trading lower. Plus there are often occasions when individual stocks release some news concerning their company and as a result the share price moves independently of the wider market. As a result of all this, you don’t always get as many predictable bounces off key support and resistance levels, for example, as you do when you trade the major forex pairs. Therefore they are much harder to trade with any confidence because you can never be sure of how the price will react around these key levels. Another point worth making is that when you trade forex you can pretty much guarantee that you will have a large trading… Read more »

The Best Tactics For Short Term Forex Trading

personalfinancepostadmin   June 7, 2017   Comments Off on The Best Tactics For Short Term Forex Trading
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In terms of being the best tactician in short-term forex trading, we recommend momentum trading and for good reasons, too. Its main aim is to achieve the profit target as soon as possible with as little risk possible under the volatile circumstances that surround each forex transaction. Basically, you take advantage of the momentum when it is on your side by entering the forex market either on a long or short basis. You will require three kinds of moving averages to accomplish your purpose, namely, the moving average convergence divergence (MACD), the 100-day simple moving average (SMA), and the 20-day exponential moving average (EMA). You will see why later. For the MACD, be sure to use the default setting on the 5-minute chart. Said default setting is: Signal ENA=9, First EMA=12, and Second EMA=26. To start on this short-term forex trading strategy, open the 5-minute chart and look for the right currency pair. This means the pair trading below the SMA and EMA. Take a look at the MACD histogram. You will enter into a long trade when the MACD starts turning positive but stay within 5 candles. Your stop loss margin must be positioned at the candles low point, which should be above the EMA and SMA. You will exit half of your position the moment the trade changes in your favour but be sure that it is still within the amount risked. The other half of your position will follow a trailing stop within a -15 pips on the 20-day EMA. This forex trading tactic should pay off handsomely under the right circumstances. Now, lets assume that that your chosen currency pair is trading in the opposite direction above the EMA and SMA that is. In this case, you must be patient and wait until such time that… Read more »

Simple trading on Forex currency market

personalfinancepostadmin   June 6, 2017   Comments Off on Simple trading on Forex currency market
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Today lots of folks need to learn information about forex platform and that also want it to stay very clear. This specific term, that is descended from English Forex market is considered the most popular worldwide currency forex market, on what domestic currencies are being purchased or traded. At the mode in which it is accessible nowadays, forex trading platform was structured during the Seventies of 20 centuries, when large states have shifted from set exchange rates to floating versions. In the process of dealing one currency for one more, foreign currency daily volume grows to some billion dollars, even though amounts of implies involved in the alteration procedures within the forex is continually increasing. Along with little working experience, you are most probably estimate the course of a specific foreign currency along with profit on it’s amendment. As an example, you can buya currency during a period when it is less expensive and then sell it once the rate switches in an attractive path. But let’s start with the basics and look how could men and women generate profits on foreign exchange market. What is the essential device for forex? Obviously, it’s a forex trading platform. Foreign exchange trading system is a desktop computer program intended to do business with forex market, by using a number of forex trading software. Often you can get the program by any specific brokerage house web site, finding those web sites is equally as uncomplicated as shopping for deals. Currency exchange software should include all the features including: conducting rapid evaluation, graduation of business deals. Basically, forex trading platform is the own home business. The principle qualities of a excellent forex currency trading software: security, velocity, functionality. Now we’re going to discuss fundamental features that forex platform must have. Tracking globe media. As… Read more »

Looking in Full Detail at the Federal Stafford Student Loans

personalfinancepostadmin   June 5, 2017   Comments Off on Looking in Full Detail at the Federal Stafford Student Loans
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To gain a meaningful education it is wise to choose a university where your interest in classes will be captured. To help the selection process you may want to see what type of student loans you can get. The best one to look at in full detail is that of the Stafford Student Loans program. This program is one of the most popular loans programs that you will find. This is mainly due to the low cost loan that is sponsored by the federal government. In addition to the low cost there are other benefits that are helpful when you are considering any type of loan. The benefits of the Stafford Student loans are one like you’re getting 3.3 percent of your loan back as cash or credited to your account credit. To qualify for this cash back bonus you will need to make the first 33 payments on time. As with many services in the world when you need help you look for the customer services to help you out. With the Stafford Student Loans you will receive quality customer service when you need it. You will get Sallie Mae’s online account management tool. You will also receive account information by email. The procedure to getting either of the Stafford Student Loans is not the difficult. You will mainly need to fill out a FAFSA form and submit in time (before the deadline has finished that is!). If you are considered as being eligible the FAFSA government branch will send this information to the Stafford Student Loans people where they will check the various details that you have given out. Now if there are no problems with your application form you will then be informed of the next steps you will need to take. Once you have fulfilled these… Read more »

Running A Profitable Personal Finance Blog

personalfinancepostadmin   June 2, 2017   Comments Off on Running A Profitable Personal Finance Blog
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Nowadays most internet users are familiar with the concept of online blogs. Indeed many people will now have their own blog, whether it’s a personal blog or a blog discussing a certain subject. However in this article I want to outline the various different ways you can generate a decent income from a finance-related blog. Personal finance is one of those subjects where you will never run out of things to talk about because there are always lots of new products being launched and lots of news stories you can cover. For example you can discuss budgeting, credit cards, loans, mortgages, pensions, property, saving, share trading, taxation, etc. Each of these subjects is potentially very profitable in it’s own way. The key to success is to pick a subject you enjoy talking about and then decide which type of revenue model(s) you are going to use on your blog. You basically have three separate options. Firstly you can join Google Adsense or indeed any of the major pay-per-click companies. This will enable you to place blocks of ads on your blog and earn money every time one of your visitors clicks on one of these ads. In the finance niche this can be highly profitable because you can sometimes earn several dollars per click. Another option is to sell ad space directly to any interested parties. This will often be significantly more profitable because you don’t need to split the revenue received with any other ad network. The great thing about this approach is that you can earn money up front, which allows you to plough money back into your blog straight away. The final option is to become an affiliate marketer and promote various different products on your blog. This is often seen as being the most profitable income-generating… Read more »