best automobile insurance New Jersey – Latest best automobile insurance New Jersey news – Selective Insurance Group Reports Third Quarter 2009 Earnings
November 23rd, 2009 | by admin |Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…
Selective Insurance Group Reports Third Quarter 2009 Earnings
BRANCHVILLE, NJ, Oct. 28 /PRNewswire-FirstCall/ — Selective Insurance Group, Inc. (Nasdaq: SIGI), today reported its financial results for the third … Read More…
Corzine: 'I'm proud to be accountable'
New Jersey's CEO has had a challenging four years in office. The price Corzine paid to help himself get elected is more than matched by the personal cost of … Read More…
Subaru Recognized as the Only Manufacturer with All Vehicles Rated a TOP …
Headquartered in Cherry Hill, NJ, the company markets and distributes Subaru Symmetrical All-Wheel Drive vehicles, parts and accessories through a network … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.
Cut Business Tax By 70% Using Offshore Factoring
How often do you find yourself buying things at the end of the year that you really don’t need because you’d rather not give your money to the tax man?
How about if there was a technique which let you manage the amount you paid in taxes every year…WITHOUT spending money on things you don’t need.
Non-Recourse Factoring is one of the more powerful, yet simplistic strategies you can implement to get tax savings and asset protection for your small to medium sized company that rivals that of the large multi-national corporations.
What’s “Non-recourse Factoring”?
Well, factoring is a commonly employed business solution for a company that needs short term liquidity, or would like to accelerate its cash flow. The term ‘Factoring’ means selling your accounts receivable in return for a lump sum.
Because of the time before collection of the outstanding debts can be finalized and the uncertainty of collecting on the accounts receivable, the company’s a/r will be discounted by some “factor”. Depending on the credit history, industry, time to collection etc., discounts on the accounts receivable can run between 10%, to over half the eventual possible receivable(s).
“Non-recourse” means that the purchaser of the receivable cannot attempt to collect from the original holder of the receivable if the debt becomes uncollectible in the future.
Here’s How “Non-Recourse Factoring” Can Virtually Eliminate Your Tax Bill
In order to illustrate the specifics of how this works and what it can do for you, I’ll use a hypothetical case study using a fictional character named Dr. Benedict.
Dr. Benedict runs his own private practice. He is concerned that his assets are endangered by unnecessary lawsuits. Many of his friends have shut up shop because they are worried about the price of malpractice insurance….but he hates to see his work wasted and doesn’t want to quit a job he loves.
What does Dr. Benedict do?
1) He sets up an offshore structure.
2) He transfers some post tax funds to the offshore structure. The offshore structure will take on the role of the ‘factor’.
3) He sells his accounts receivable to the offshore structure at a discounted priced. Dependi
1000
ng on the market rate, discounts for Non-recourse factoring (where the factor assumes the risk of unpaid receivables) can go up to 70%. So let’s say the Doctor sells his accounts receivable to his offshore structure for 30% of their value.
4) He then ONLY pays tax on that 30%. The rest is collected by the offshore structure tax-free.
5) The doctor’s practice continues to collect payments from the accounts receivable, and remits these on to the offshore factor.
Not only is he shaving his tax bill down to a husk of its former self, he’s also protecting the tax-free money that he’s earned. If somewhere down the line he is brought to court by a patient or faces financial difficulties, that offshore nest egg is going to be incredibly hard to attack. The saved cash can then just sit offshore gathering interest, or be invested elsewhere – tax free.
The most complex part of this deal is setting up the offshore structure, but there are people at hand who can help you with that and talk you through the whole process.
Copyright (c) 2009 Capital Conservator
By: Patrick Winters
Article Directory: http://www.articledashboard.com
Capital Conservator has a decade of experience helping people to unlock wealth by moving their assets offshore.
If you think you can benefit from offshore factoring, then get started with your offshore account right way!
For more information on how to set up an offshore structure email me at pwinters@capitalconservator.com, and we can arrange for you a personal consultation free of charge.
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Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
Bottom Lines: Suburban New Jersey drivers may end up paying to …
Bottom Lines: Suburban New Jersey drivers may end up paying to insure city drivers (Press of Atlantic City) · Insurance agents voice concerns (Bowling Green Daily News) · Auto Insurance Tips » Blog Archive » What Is The Average Price Of …
NJ’s 1st Casino To Turn Over Keys To Lenders – Money News Story …
ATLANTIC CITY, NJ — America's first casino to open outside Nevada is expected to hand itself over to its lenders Thursday because it can't pay the mortgage. Thursday, November 19, 2009. … Shop Your Insurance. SAVE up to 30% on Insurance. Paying too much for insurance? Get quotes from multiple companies and choose the best plan for you. Start saving now! Insurance Type: Auto Insurance, Health Insurance, Business Insurance, Life Insurance, Home Insurance. Zip Code: …
My Inane Ramblings: Ode to Erin Esurance
What if every American who owned a car was required to go to Atlantic City every three months to play a $500 game of three card monte with the seediest dirtbag on the boardwalk? Doesn't that sound just as … We all know the Esurance company is known with their online auto insurances. The company offers free online auto insurance quotes. They are the company serving their customers 24/7. Most of the customers trust the Esurance with fast, easy and guaranteed serivces. …
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Have a great day!
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One Response to “best automobile insurance New Jersey – Latest best automobile insurance New Jersey news – Selective Insurance Group Reports Third Quarter 2009 Earnings”
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