Finance Archives - Page 2 of 6

Borrowing Money at the Click of a Mouse

Why Borrow Online?

There are many reasons for somebody to choose to borrow money online versus more traditional routes, such as a bank or building society loan. You might be unemployed, have a poor credit rating, you may not be able to access a bank for a loan interview because of remoteness, or a busy schedule.

You may need to obtain money immediately without having to wait for a credit check. Perhaps you would simply prefer the convenience of doing it online, from the comfort of your home. Whatever your reasons for deciding that you want to borrow funds online, and whatever it is that you need the money for, there are a lot of different options available to you.

The decision you make should be tailored to your 2personal circumstances, and this article is intended to help you make that decision and inform you of the plethora of options available to you.

Online Banking

If you already have a bank account, then before looking into other sources of money borrowing, it is often worthwhile to log into your online bank account. From there, you may be able to apply for an overdraft or a temporary extension to your overdraft limit.

Interest rates and fees vary, so you will need to read carefully through the terms and conditions, and also make sure not to exceed your overdraft limit. Many banks offer this service instantly after filling out a short form via online banking service.

Also, you can also apply for personal loans through online banking, in fact, some banks have exclusive offers available only to online banking customers, so make sure you know what your bank is offering!

Payday Loans

If you need an instant solution to your money problems, and you know that you will be able to pay back the debt in the very near future (for example, because you have a payday approaching), then a payday loan may be a good option for you.

Payday loans are an emerging concept in India, with some organizations such as Money in Minutes and Rupee Land growing rapidly in popularity.

It is possible to borrow amounts of money up to 10,000 INR, and interest rates are commonly high, usually at approximately 1{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} interest per day. Therefore, when looking into using a payday loan, ensure that you will be able to pay the money back soon.

PayPal and Online Credit Cards

If you need to borrow money for online purchases, then a good option may be PayPal credit. PayPal credit works in much the same way as a regular credit card, with an annual interest rate of 17.9{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}. Application and approval occur almost instantly, making it ideal if you need the cash quickly.

In addition to this, there are often promotions running, and individual purchases can be bought with credit at a 0{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} interest rate for the first few months. If this seems like a good option for you, be sure to investigate the promotional offers available. Many online vendors, such as Amazon, also have their online credit cards which can be used for purchasing goods.

LSI Keywords: Borrowing, money, online, instantly, PayPal, bad credit, credit check, unemployed, personal loans, payday loan

A Look Ahead to India’s Top FinTech Trends in 2017

A Great 2016 Leads to a Greater 2017

Bigger, Better, Bolder Than Before

Just like the sequel to your favorite film that you watched in your neighborhood theatre, 2017 promises to top a fantastic 2016. 2016 has laid the groundwork impressively.

The year started with a bang, featuring UPI’s launch in February. Many other stories impacted the scene throughout the year. Then, in November, PM Narendra Modi’s televised address announced the demonetization of India’s two largest currency notes.

The landscape has shifted – and FinTech is shifting into high gear in 2017. Let’s look at the coming attractions:

The Blockchain Blockbuster

Invented by person/persons using the pseudonym Satoshi Nakamoto, blockchain has brought a wave of security into the Internet pool. Bitcoin and other blockchain based cryptocurrencies are offering a safe and speedy alternative to hard currencies.

Bitcoin transactions in the US in 2016 averaged $200,000 US per day. Goldman Sachs is a great believer in the tech and reports that it could bring global savings of $6 billion US per year. As India moves towards a cashless economy, blockchain tech will prove integral.

The government has created a panel to bring recommendations on cryptocurrency before the end of the third quarter this year. And the Ministry of Finance has suggested in the Watal Report that regulation for digital payments should be separated from central banking operations.

With the burgeoning interest and implementation in 2016 of e-currency, investment and savings are just two of many areas which are projected to see real revolution this year.

Biometrics and Other Security – Not Just for James Bond

How secure is secure? When it’s your money – you can’t be safe enough. Hackers pose a new age threat to everyone using the internet, but there are methods to bulletproof your online financial security that can – and should – be brought to market this year.

Authentication means that you can prove that it’s you and no one else verifying transactions and approving credit or loans. From fingerprint sensors to facial recognition to retinal authentication, the technology is here to be implemented – even on your smartphone with the proper app. As a bonus, you won’t have to remember all those passwords anymore. Look for enhanced security features to create even more consumer confidence.

Micro-Payments and P2P Steal the Show

With the new availability and affordability of smartphones, rural areas have also opened up to the opportunities of micropayments. The government’s digital literacy campaign is even showing consumers how to use e-wallets to make payments, along with other methods such as Aadhaar. And 30 million Kisan cards being converted to RuPay cards will allow farmers to skip the trips to the bank and make their transactions digitally.

P2P lending will surge with roughly 5.7 million Indian small businesses out there exploring their options. India has approximately 30 P2P platforms already. The government will be providing regulations to help safeguard the process as well.

If UPI isn’t enough already: look for UPI 2.0 to hit the market with a new set of bells and whistles. This is what makes the process more adjustable and personalized.

Robo-Advisors – Hasta La Vista, Loan Officer

Artificial intelligence, algorithms – FinTech. A.I. and big data analytics will streamline the lending process and bring it to real-time decision making. There are already 39 robo-advisory firms in India.

SMEs are benefitting from Government enhancement of credit programs, as per the PM’s December 2016 address. SMEs now qualify for funds worth two crores, rather than the previous one crore. FinTech enterprises are providing close to 40{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of this year’s lending. A. I. will make that process even more attractive.

Investments? Yes – there are robo-advisors for that too. BigDecision, 5nance, and others are already helping with financial planning and will become more mainstream. Also, watch for more and more banks offering the chatbot option of customer service.

Go For Knowledge, Once You Have It Success Will Follow You

We’ve seen 2016 and the opportunities created. We know what trends to expect. What Sholay is to movies, FinTech is to our financial future. Now is the time to move boldly forward. India’s future lies in its innovators and its entrepreneurs – and that future has never looked brighter.

LSI Keywords

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Fintech Trends in India

Socio-economic and demographic changes have increased the demand for innovative and secure Fintech in India. Fintech startups are piggybacking on the government’s initiative to reach the majority of the population with their tech-friendly regulations.

National Payments Corporation of India [NPCI], Digital India, Smart Cities, Startup India and Aadhaar are some of the prominent Government programs that help build and support this ecosystem.

The growing interests in Fintech Markets put the transaction value of Fintech sector $33 billion as of 2016, and it is expected to grow and reach $73 million by 2020 putting the annual growth rate at 22{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}.

There is wide scope for development in the Fintech Sector, and they can be categorized into the following spheres:

Growing FinTech trends to watch for in 2017:

Micro-Payments – Companies focusing on the FinTech Sector are capitalizing on the Unified Payment Interface (UPI) and NPCI (National Payments Corporation India) to expand the ecosystem of digital payments. The increased efficiency and security of digital payments systems have increased the adoption rate of transactions via smartphones. A growing acceptance in this space will enable the objective of a cashless society.

Blockchain Adoption – Blockchain is the technology behind “Crypto Currency.” It is an innovative integration of cryptography, mathematics, and economics that helps create and maintain an expansive database of transactions. It resembles a single consolidated ledger of financial activities.

The scope of applicability is large as Blockchain also promises security and credentials. According to the World Economic Forum [WEF], 80{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of the banks are expected to start Blockchain projects with big players like Goldman Sachs getting behind the concept.

Even the RBI is considering this as a means to mitigate cheque fraud.

Blockchain also guarantees operational simplicity, reduction in process & settlement time and risk mitigation.

Marketplace Lending – Online lending platforms (P2P) are becoming very prominent. They primarily use non-traditional data to determine a customer’s creditworthiness. Given that almost 75{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of the Indian population does not have an established credit report, this works well in their favor.

These platforms data analytics backed by algorithms to make a risk assessment for lending.The categories predominant in P2P portfolios include personal loans, commercial loans, and microfinance.

Reg Tech – Regulatory technologies are evolving to accommodate the barriers to business entry. The goal here is to provide the right tools and services that will enable automation of compliance tasks, improve the accuracy of identity management and reduce risks of fraud.

Delegating a lot of the redundant tasks to technology removes the burden of repetitive tasks and enables a lean business. This is a newly discovered market with promises to provide a lot of potential savings to organizations.

Robo-Advisory – This market is expected to grow at a Compound Annual Growth Rate [CAGR] of 68{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}. The projected estimate for managed assets by 2025 is expected to be USD 5 Trillion.

Currently in India the apart from the wealth and asset management sectors, retail space is capitalizing heavily on robo-advisory services. Increasing investment in biometrics and security promises to enhance customer experience through digital transformation.

References:

“ The India Fintech Market Map: 72 Startups Working Across Lending, Payments, Insurance & Banking” – CB Insights
“#5 Fintech Trends That You May Want To Watch Out For in 2017” – Kumar Srivatsan [Entrepreneur]

“3 Ways Fintech Is Disrupting The Indian Lending Space” – Manavjeet Singh [CXO Today]

Fintech trends in India Today – Fintech Shows Early Signs of Recovery After a Slow 2016

We’re five months into 2017 and Indian Prime Minister Narendra Modi’s ambitious Demonetization move in the second last month of 2016 has had a tremendous impact on Financial Technology in India.

So much so that the development of FinTech has seen unprecedented growth in the last couple of months, and Fintech start-ups are busy making hay while the sun is shining.

According to a report published by Professional Services major KPMG, investment in the sector declined to $216 million in 2016 from a whopping $1.6 billion in 2015. The Global Fintech sector may have shown signs of slowing in 2016, fast forward to 2017 and things are only looking up for this sector.

Let’s have a look at what’s happening in the FinTech space in India today:

Peer-to-Peer Lending:

Peer-to-peer lending, also known as P2P lending, is a trend to watch out for in 2017. Simply put, P2P lending is a win-win situation for both lenders and borrowers – lenders usually earn high returns compared to those offered by traditional financial institutions and borrowers stand a chance to borrow money at interest rates that are typically lower than those offered by banks.

A hugely unregulated sector, with as many as 30 peer-to-peer-lending agencies operating out of the country including Lendbox and Lendenclub. P2P lending is on the rise – quite a huge number of borrowers who didn’t qualify for a loan from the banks avail this platform.

Cryptocurrency:

Cryptocurrency is just like your traditional currency with the difference that it uses cryptography for securing your transactions, and it also controls the creation of new money. In simple layman terms, it may be referred to as digital currency.

Bitcoin, the first cryptocurrency to have been ever created enjoys unparalleled popularity even as many cryptocurrencies like Zebpay, Coinsecure, and Unocoin have emerged over the years. Today, One Bitcoin equals 113458.92 Indian Rupee and continues to grow in value.

However, it is worth noting that it is a currency that is highly volatile – Mark Thomas Williams, popularly known as Professor Bitcoin, who is a member of Boston University’s faculty, suggests Bitcoin is seven times more unstable than gold and eighteen times shakier than the US dollar!

Social Media:

India is a huge market for Social Media giants owing to its huge population base. Tech-savvy Indians, be it buying groceries or making bank payments, prefer doing things online. This has prompted most service providers to have their Social Media channels to broaden their customer base and keep the existing clients engaged.

FinTech companies are no different – they are using Social media like never before, so much so that a new term named “Fintech Marketing” has emerged.

Fintech companies see Social media as a way of communicating with prospective clients, thereby facilitating them to understand customer behavior and preferences which would help them in selling the right product.

Profit book, a simplified and robust cloud accounting software that has proven to be increasingly popular among small organizations to create invoices, for tax calculation and tracking inventory, for instance, has its own Facebook and Twitter handle to connect with people at another level altogether.

2017 looks to be a promising year for the Global Fintech sector – more so for India and Demonetization is only going to accelerate Fintech’s growth. Cash crunch forced your friendly neighborhood tea and vegetable vendor to look beyond printed money and accept e-payments. We’re soon gearing up for a truly digital India, aren’t we?

LSI Keywords: FinTech, Cryptocurrency, P2P lending, Bitcoin, digital currency

2017 and the Expected Changes in Fintech Trends in India

Fintech, as a term, has changed meanings over the past decade. Defined only by the back-end technology at a time, today, Fintech includes all technological innovations in consumer & finance sectors.

At present in India, the financial sector is going through what may be chalked up as a mini-revolution in hindsight. With a moderately successful demonetization episode followed by the efforts to switch to a cashless economy ruled by digital transactions, the Indian Fintech space has grown to a position of improved significance.

Look at these few changes that 2017 may introduce around the Fintech space in India, given the changing economic scene in the country.

Innovations Related to Digital Payment Systems

Demonetization pushed the already existing yet seldom used digital transactions into a new zone where it became an object of necessity and comfort. A new generation of applications supporting the same came out.

The ecosystem of online transactions is now more productive, inclusive, faster, and easier to use. However, a single digital wallet or operating system is soon to be a thing of the past.

Start-ups in 2017 could be seen trying to work with the consumers, seeking their imagination to improve the service, and introducing innovations to solve the niche and precise issues of digital payment.

Blockchain Support

Cryptocurrency and Blockchain technology have been buzzwords for a few years now. As of now, Blockchain looks like the newest toy in the class, one that has numerous applications, incredible prospects and promises, and is primed for high acceptance.

World Economic Forum has reported an over 80 percent of banks that are willing to and working towards beginning one or the other kind of Blockchain project by 2017. In India, as RBI is considering using Blockchain tech to mitigate cheque fraud, over 90 central banks want in on the tech as well.

Blockchain technology offers operational simplicity. It could help reduce risk, settlement time, and fraud. It could contribute to improving capital and liquidity. Since the potential is immense, 2017 could see many innovations that use this technology.

The Rise of Cryptocurrency

There has been quite a ruckus in India about the security concerns, especially in the financial sectors. Quite a few cyber-attacks in the past year, while not directed at the online transactional division, gave clear warnings regarding the stability of the same.

Cryptocurrency offers immunity from many prominent security concerns that surround the modern digital payment modes prevalent in India.

Bitcoins, an example of cryptocurrency, was seen attracting savings and investment enthusiast in the first quarter of 2017. However, it is a long way from constructing its market in the Indian subcontinent.

Newer Lending Models

Financial inclusions and the availability of loan services to all, as prevails in the traditional banks, are riddled with loopholes. Fintech enterprises have worked to deal with these.

2017 can bring new lending models to the market via the Fintech companies. The reason behind it is RBI’s changing perspective towards the sector and its relaxing reservations towards it. The idea of a democratic financial service industry and exponential growth also aid the evolution of this scenario.

It Could Be an Exciting Year for Fintech Sector

The forecasts are numerous. You just read four, and the industry is brimming with hundred other ideas about how Fintech will carve a whole new space for its foundations this year. It will sure be exciting to see how these forecasts get manifested, evolve, or change into something entirely different than what is anticipated at present.

LSI: consumer & finance sectors, Indian Fintech space, cryptocurrency Blockchain technology, Fintech enterprises, Fintech companies, financial service industry, Blockchain technology.

A Distressed Man’s Guide to Online Loans

The Internet is not the future. It is the present; it’s already here. And like most services, borrowing and lending money have moved online as well. So now you can borrow money to fund that very good idea of yours, without ever having to leave the couch.

We spend ages planning for our lives but realize life had other plans in store for us. Be it an emergency, a new idea or a sudden commitment, the need for money doesn’t always come announced. Time to visit the bank for a loan, right? Maybe not!

About Online Borrowing

Though most services we avail have moved to the web, borrowing funds hadn’t received the spotlight, it deserves until very recently. So, how do online loans work and how are they any different (or better) than traditional bank loans? Read on to find out.

Online loans focus on providing customers loans without any of the hassle associated with bank loans and at their conveniences. Before we dive deeper into the benefits and possible drawbacks of online borrowing, it’s important to know the various means of acquiring a loan on the web.

Fantastic Loans and Where to Find Them

When we talk about online borrowing here, we don’t mean applying for bank loans online. This is because you’d still have to wait for your loan application clearance and possibly visit the bank at some point. So not as convenient as the alternatives.

Online borrowing and lending began with peer-to-peer lending. As the name suggests, these are services where both borrowers and lenders (essential investors) sign up and interact. The borrower states his needs, and the lenders assess the creditworthiness of the borrower and extend loans for an agreed interest rate.

But what started off like eBay for borrowing as evolved into a much more organized platform. Individual lenders have been replaced by large financial organizations, and all the verification processes moved to the background, making the process seamless.

Here’s How To

To get a loan, you need a decent CIBIL score and… that’s it! The process itself is as easy as buying something online.

So just visit a lending service that best meets your needs, and registers with that service by providing all the necessary details.

Once that’s done, state the amount you’d like to borrow and the time frame. And as cliché, as it might sound, Voila! You’re done.

The Good, Bad and the Ugly

There are many reasons to consider online loan services. For starters, they’re quick and convenient. The approval process is instantaneous, and the interest rates are often lower too.

The loans offered online are unsecured and thus do not require any form of collateral or security.

If we had to state any downsides, it would be that one that applies to everything online: online scams and fraud. So research your lender well to avoid being mugged.

So this sums up our guide to borrowing funds online. 2Before you plunge. We would advise you to thoroughly research the services from multiple sources and strictly avoid services which demand an upfront payment. With these guidelines in mind, we wish you the very best of luck and hope you accomplish whatever it is you need funding for.

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Everything You Need To Know About Borrowing Funds Online

Borrowing Money

Barely a handful of members in our country may not be familiar with this term in their lifetime. But not everyone is born with a silver spoon in their mouth. Taking a loan to complete some of our goals, big or small, is something most of us have to do at some point in our lives.

Rising technology has changed how several things work in the lending industry. Online aggregators like www.moneysupermarket.com help customers zero in on the cheapest loan and banks quickly approve the same.

The personal loan facility from HDFC Bank, for example, takes just seconds to approve a loan to its net banking customers. It certainly saves time and is better than going to a bank.

Sure, the internet has “changed the game” when it comes to getting a loan online, but the basic rules stay the same regardless of online or offline.

Let us not bankrupt our today by paying interest on the regrets of yesterday and by borrowing funds in advance to increase the troubles of tomorrow. Regardless, these are three primary ways to get money online :

Borrow Funds Online Via Payday Loans

Websites like www.acecashexpress.com or www.lendup.com offer very short-term loans for small amounts. The idea is, if you only need the money to last you till your next paycheck, then you don’t need complicated big amount loans that may take a few days to process. Instead, you can opt for small loans from $100 to $1500, depending on your state, that you can repay in 7-30 days.

Payday loans are an effective way of quickly obtaining funds online without asking someone money or approaching money lenders but at the same time keeping yourself unburdened by a hefty loan amount that you don’t necessarily need.

Take A Short-Term or Title Loan

Depending on your requirements, payday loans may not offer you with enough money in the bank. At such times, a short-term loan is preferable.

Websites like www.cashcentral.com or www.opploans.com offer loans of $1000 to $5000 over a variable period depending on terms and your state. This way, you can get more money than a payday loan can provide but still, have less tenure than a typical long-term loan.

If you own a car, then you can go for auto title loan like www.titlemax.com or www.turbotitleloan.com where you can take a loan against your car for lower interest rates. Thus you get finance as well as retain the full use of your vehicle as you pay off the loan.

Take a Long-Term Personal Loan

Finally, you can raise funds online by taking a personal loan. If you can wait a few days for the money, many online lenders offer personal loans that are approved within a few days at most.

The requirements for such loans are quite strict on the other forms mentioned above, but they also offer much higher loan amounts in return along with2 longer tenures and lower interest rates.

Websites like www.lendingclub.com or www.upstart.com offer loans up to $50,000 depending on your credit score among other things. These loans can be approved within three days.

If you want to compare the terms and rates of different websites at once then, www.bankrate.com can help you get many personalized loan suggestions based on your location to obtain online finance.

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Primary keyword- Borrowing funds online

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Why fragmented, copied data is a problem in finance

The concept of Master Data Management isn’t something new, yet it is needed now more than ever. As marketers in the 21^st century, there are a multitude of tools available to us.

These are the days when Machine Learning, Automation and Artificial Intelligence (AI) have reached a point where we can apply them on our data-sets.

We use them to manage messages across channels, find new prospects, study behavior of leads and even sell a lot better. I could go on to say that with the rise of Big Data, Business Intelligence isn’t a problem either.

The problem we face now is data. No, not a lack of it, but rather, too much of it – in too many places.

Data, and its fragmentation

Marketing trade has seen the rise of a lot of tools, such as Marketo, Salesforce, Demandbae, etc. They are what I call ‘purpose-built’ and have excellent stand-alone features. While they boast of having data management features, the ‘management’ only happens within the application.

The greater the number of tools, greater the problem of fragmentation. Data exists in too many places. The change in this data, when done in only one place, makes the entire database incomplete, inconsistent and disconnected.

Extend this across the number of applications used; we lose the ability to leverage all that we know about a channel, campaign or customer. This results in what I call ‘generalized’ offers, deteriorating customer satisfaction.

Loss of Consistency and Data Traps

Due to a limitation on the number of resources and historical development, data is fragmented across the entire database which creates ‘Bad-Data-Points’ as well as various data traps.

For example, the presence of typos in ‘zeroes’ in a series. Bad data can occur for a spread constructed by subtracting a two-time series that might be individually reasonable, yet constructed with methodologies that were inconsistent.

Impact

It’s also common that proxy spread index data is used for a particular spread, either because the data doesn’t exist, or the number of spreads is too great for the risk model to handle explicitly.

All of this results in a loss of consistency, resulting in business data getting ‘siloed,’ even if the employees are working efficiently.

Finance Operations

A recent report indicated that out of 380 CFOs, 90{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} are crippled with financial data. This results in delays for top management to make critical decisions.

Finance teams spend over 80{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of their time gathering the data and then cleaning it. However, they only get the remaining 20{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} to actually build strategies.

Finance needs operational support. Another thing it needs is less fragmentation and copied data. A copy results in old data being used again and again, which has the potential to increase losses and inaccuracies in the end product.

The Bottom Line

The data your company holds is exclusive your company. No other marketer or company can replicate it. That being said, you cannot overlook the importance of building a strategy that manages that data.

The end-to-end enterprise data has a lot of value and is pretty powerful in transforming the value you deliver to your customers.

Sources:

https://leapfin.com/blog/future-of-finance-is-finops/

http://www.cmswire.com/digital-experience/master-data-management-helps-you-fight-data-fragmentation-tap-into-datas-value/

http://www.imf.org/external/pubs/ft/fandd/2012/09/straight.htm

http://it.toolbox.com/blogs/itmanagement/six-ways-to-handle-fragmented-data-76669

Writer notes:

Pretty vast topic. Just tried to touch it, as this article is a sample. 🙂

Not filed your tax return yet? 5 reasons you may be in luck! (Content Princess – SEO)

Tax returns may frighten even the best of us when the deadline is near. But this year is the season to relax, keeping your worries at bay. There are reasons for submitting the returns late and still keeping the penalties away!

With the deadline for submitting IRS tax returns extended to April 18th, 2017 this year, you are in luck! It’s still not late to file your returns.

Do You Need To File Your Tax Return?

Before you panic over your taxes, be sure you need to submit the tax return. Under certain conditions, filing taxes is not necessary.

Consider your age as well, since being over or under 65 impacts your requirement to file.

Don’t file if you have no income. You also don’t need to file if your income falls below minimum brackets. If you’re single and under 65, you file if you earn over $10,350. If you file jointly, you file if you earn over $20,700.

Dependents also can’t claim their exemptions regardless of age. When their earned income is more than the standard deduction for a single taxpayer ($6,300), they will still receive a return.

No Penalties

Not sending in your tax returns translates to penalties. You’ll be charged 5{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of what you owe when you don’t submit by the due date of filing of the tax return. Being 60 days late will get you at least a $135 late filing fee.

If you don’t owe anything though, there aren’t any penalties for not filing. Being owed a refund also means that you won’t be charged a late filing fee.

Please Give An Extension!

Talk to the IRS right away if you haven’t filed but still need to. The time you have left might not be enough time, so ask for an extension.

An automatic six-month extension is given to anyone who asks when filing a federal tax return. This pushes the due date until October 16th. This way you can avoid penalties.

I Still Want My Refund!

Even if you haven’t needed to file taxes for the past three years, you can still get a refund. You can get the money you pay as a federal tax back.

For up to three years since your original due date, you can still get your refund. This means that if you haven’t filed yet, try next year or ask for your extension.

Late Refunds

Not filing yet, won’t make a huge impact as you might think. You may even have a friend who submitted in January and is still waiting to get his refund.

The IRS can’t always give out refunds fast. Part of this has to do with form issues, like errors, incomplete forms, or further review.

Claims filed before February 15th for an Earned Income Tax Credit, or an Additional Child Tax Credit will also take longer. Form 8379 for Injured Spouse Allocation can take up to 14 weeks to process.

On average, however, 21 days is usually how long you’ll have to wait regardless of when you file your tax return.

Filing tax returns need not always be stressful, you might even get lucky sometimes!

Primary Keyword: Tax returns

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Antonyms and Synonyms: refunds, extension, penalties, taxes, file your taxes, returns, submit taxes, filing

Links:

https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

https://www.efile.com/tax-day-deadlines/

https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/Does-Everyone-Need-to-File-an-Income-Tax-Return-/INF14399.html

https://www.irs.gov/publications/p17/ch01.html

http://budgeting.thenest.com/need-file-tax-extension-dont-owe-26243.html

The Advantages of Private Equity (Content Princess – SEO)

The benefits of private equity to your portfolio are varied and knowledge of these benefits is valuable to any investor.

Private equity comes with the potential for making discoveries of undervalued companies which would be very difficult to find in the public sphere due to the scrutiny that public companies are under. Public companies must publish details of their finances quarterly, allowing all investors to respond quickly to small changes in profits or losses.

While this leads to a very precise measurement of the valuation of the company, backed up by a multitude of personal valuations of share worth, this also makes it very difficult for individual investors benefit from the acquisition of undervalued assets. In private companies, the absence of the requirement for published financial data means that valuations are significantly more obscure, meaning that comprehensive research is rewarded when assessing the real value of a company.

By performing more extensive research on a company than competitors, individual potential shareholders can act on information which may not be available to competitors.

Public companies are under great pressure for shareholders to maintain profits, lest published financial data leads to a reduction in share value and the selling of assets by shareholders. This need for public companies to maintain short term profits underscores the advantage of private companies, who can afford to maintain a deficit in the short term if it means increased profits later.

This ability to maintain shareholder confidence despite lack of profits in the short term allows for significant opportunities to acquire assets which have been undervalued due to a short-term lack of profitability, even if long-term projections are strong.

Of the 27 million companies in the United States, less than 1{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} are public companies. However, many opportunities for building diverse and profitable portfolios exist in the private sector. Investing in the private sector allows investors to compliment the activities of public sector companies, generating increased profits through supply line facilitation, synergistic co-operation or addressing market gaps which would be too unwieldy for the more restricted public companies to capitalise on. Also, investment in private equity is a means by which risk can be avoided.

The reduced level of scrutiny which private companies are under means that they can make decisions much more quickly than a public company can. This brings numerous benefits for several reasons. These include the fact that global marketplaces change often, with competitors attempting to be the first to respond to changes. Companies must be able to respond quickly to these changes in the market to stay competitive.

By removing the obstacle of being subject to the scrutiny of a greater number of shareholders, private companies can respond to changes in demand more quickly than a public company can, benefiting both consumers and shareholders.

Reduced levels of scrutiny mean that private companies are much easier to influence when it comes to the decision-making process. Public companies are managed by boards of directors who may or may not take into consideration the views of individual shareholders. On the other hand, Private companies usually display a greater likelihood for shareholders to influence the direction of the company, allowing you more freedom to make your perspectives and contributions known.

There are likely to be many other advantages to private equity not mentioned above, including the ability to support causes which have personal significance to the investor.

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Category: Finance