Do Not Neglect These New Tax Laws For 2009

Every year, the Internal Revenue Service enforces new tax laws. Most years there isn’t much actual change to report. Because of the economic crisis that began in 2008, however, there have been some notable changes to the 2009 laws. Let’s take a look at a few of these.

The low-income capital gains tax has been erased. It used to be that if you were single and earning under $32,000 annually or married, with a joint income under $65,000 a year, you could face a 5% capital gains tax. The new law removes it for 2008. Also, if you sold real estate, or stocks and bonds and made a profit during 2008, there is no capital gains tax.

There is a first time homebuyer tax credit. It is important to know that the Internal Revenue Service defines a first time homebuyer as someone who has not owned a principal residence for three years before the purchase of the new home. The credit is $7500. Of course, you must have bought the house within calendar year 2008. You can also deduct the PMI you pay on your mortgage 100% for 2008.

If you didn’t take advantage of last year’s economic stimulus rebate, you still might be able to get some money. You need to go to the Internal Revenue Service website and check out the Recovery Rebate Credit Calculator to determine if you are still eligible.

In bad news, the federal government has increased the penalty for paying your taxes late (60 days beyond deadline) to 100% of the amount owed or $135, whichever is smaller.

These are some of the more notable changes of 2009. To get a list and explanation of all the new laws, go to the Internal Revenue Service website. It’s important to keep abreast of the changes in tax laws. Not knowing about a new tax law, whether it is favorable to the taxpayer or not, can put you in a bad spot when you’re doing your income tax return.

In order to absolutely stay current with the shifting and changing tax laws enforced by the Internal Revenue Service, you might want to consult a tax attorney or tax professional. Such a professional can help by preparing your income tax return for you.

Tax professionals are accredited and trained on all the new laws. They know what to be wary of and what opportunities to avail you of in order to lower your tax liability. They stay current on all new exemptions, credits, and deductions, along with restrictions, regulations, and penalties. When tax time comes, a tax professional is best suited for making sure that you get all the breaks to which you are entitled, while avoiding all the pitfalls of the Internal Revenue Service system.

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What’s So Great About Real Estate Call Capture Systems?

Call capture systems are becoming common tools among real estate agencies in the United States. Some real estate agents have wondered exactly why this is–what’s the advantage to using these systems, and how do the systems directly result in greater profits for their users? The short answer is that real estate call capture systems provide a steady source of quality leads for agents.

A call capture system collects information about each caller while providing some information about the properties that the caller is interested in. The toll free numbers attached to the system can be placed in advertisements and on sign riders outside of houses. The potential customer initiates the call. This is a very important part of the system’s design: because the customer is contacting the agent first and not vice-versa, each lead generated by the call capture system is of exceptionally high quality. The lead has already expressed his or her interest in finding out more information about a property, and the system itself has provided enough information to keep the lead interested. The real estate agent starts with great footing and can begin tailoring an approach for each lead.

Real estate leads are also generated in real time. As soon as the caller calls the system, information is collected which can be forwarded onto the real estate agent. There is no waiting for lists, and the chances of outdated information are drastically reduced as long as the agent is able to follow up on each call within a reasonable time frame. Each lead is “hot” from a sales perspective and extensively qualified. In short, they’re the sort of leads that would cost hundreds of dollars through a lead supplier, and the type of lead that can directly improve the sales of each real estate agent–delivered instantly as soon as they’re created. Agents who use call capture can keep a steady source of leads on a day-to-day basis, which can allow them to develop new sales techniques and to effectively create more business.

Each lead is cheap because the call capture systems themselves are very inexpensive. A new call capture system can be installed for a very small investment, and doesn’t require extensive training or much regular maintenance on the part of real estate agents. In fact, as they limit the amount of time that an agent can spend on the phone explaining the various details of properties, these systems can actually result in a gain of time and money (depending on the owner’s perspective). This is before the agent even picks up the phone to call one of the leads that the system generates.

Call capture systems are only limited by the imagination and drive of their users. It really doesn’t take much to set up and maintain a good system. Agencies simply need to keep updated property information and promote the numbers to see quality leads generated almost immediately. Every lead generated by a call capture system is qualified, contains accurate information, and is generated in real time.

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Top Challenges of Recruiting Online Marketers

As you may have already learned by experience, recruiting Online Marketers into your Network Marketing business is not as glamorous as it sounds. Although you would imagine that having people coming in that have experience in list building, and it could, there are a handful of challenges in bringing them in.

Today we will cover the top few and how to over come these booby traps. So if you are ready, let’s take out a piece of paper or a highlighter and let’s begin.

Challenge Number 1) Online Marketers for the most part have no idea of what Network Marketing REALLY is…

Most Online Marketers have this misconception that Network Marketing is about recruiting and building a large group of people coming into your organization through personal recruiting.

Well that’s all wrong. Network Marketing is not at all about recruiting a bunch of people. Now of course if you are a great recruiter, you will make money in this industry but the biggest checks in our industry, are earned by culture builders.

Culture building is the skill that pays the most in Network Marketing, bar none. Generating leads is but a small part of this industry. The question is, what do you do when they actually say YES?

If you are focusing on recruiting Online Marketers into your organization, you must make that point as clear as possible.

The system that generates the leads cannot be your culture builder. Making the phone calls and not just once in a while but as frequent as possible. I would prefer if you have daily phone communication for the first 30 days of a new distributor’s life or at least until they receive their first check.

Challenge Number 2) Online Marketers Are For The Most Part Always Looking For The Next Deal…

To Online Marketers, position is key so therefore when an opportunity comes along where they feel they can get a higher position within the comp. plan, they are looking and most likely they are going to take that position.

That’s not to say that they are jumpers but it’s just what they have been trained to do. Many Online Marketers see Network Marketers and they think that it’s the same as affiliate marketing. Well that’s not the case at all.

Network Marketing is so different from affiliate marketing as day and night. In affiliate marketing you can join 100 of them and make money and no one would ever question you. In Network Marketing, if you jump too many times, your credibility goes down the toilet. People see that not as being opportunistic but almost as being a junkie and it shows that you aren’t sure of what you want.

To help you with this challenge, you and your Online Marketer have to be on the same page of what this industry really is. Loyalty is everything. I don’t mean loyalty to the company, I mean loyalty to the people that have entrusted you with their dreams. Online Marketers need to stop thinking that the only people that they owe loyalty to is their family and know that the people who say yes to you deserve your loyalty as well.

Challenge Number 3) Online Marketers Have A Two Week Expiration Date…

While an offline marketer may have a 30 day expiration date, online marketers by the raw nature of where they hang out have half the time. Remember they are online most of the time being bombarded with information about different income opportunities.

Work fast if they are willing to work. You only have 2 weeks.

Challenge Number 4) The Inner Recruiting Game.

The worse thing that can happen to you is that your new recruit joins, quits and now he/she is trying to recruit the people that you introduced them too. This isn’t a big problem because most Online Marketers have integrity. You will run into this from time to time.

The best defense is a FAST offense.. Nail it as fast as you can and don’t bother being nice about it. This is how you feed your family and you should protect your organization with all your might.

These are only 4 of the many challenges of building your team online with Online Marketers. I hope this information opens your eyes to what can happen and how you can overcome them.. The main answer here is COMMUNICATION..

Make sure that you set the rules and only bring those in who are willing to play and follow your rules.

Have an awesome day.

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Cheaper Home Loans?

Are you looking for another new property? Or maybe for your first property? Or even just for a new car or some other high cost asset? Did you know that you can get cheaper loans if you opt for a secured home loan to finance your purchase? Well, you can! Here is how it all works.

The first thing you need to do is find the property or asset you want to buy. Then you need to go to a bank, such as the Absa home loans department, and apply for a loan.

It is best to go to a number of banks. There is some competition amongst lenders to get the business of new home owners and such like. If you make it known that you are shopping around for a good interest rate you may find that you can get better rates from the various banks. Obviously, the lowest rate will be the best secured home loan to opt for.

With a secured home loan, the lender, such as the Absa home loans department, faces very little risk. Why, you ask? This is because you offer your home as collateral against the loan. Basically you are guaranteeing that you will be able to pay back the loan and that if you find that you are unable to pay it all back, the bank can take your house and sell it to recoup the loss.

The amount you will be able to borrow will depend on the bank’s analysis of your financial status and also the value of the home you are offering as collateral. The interest rates you are offered will be dependent on what your credit rating looks like and how much other debt you have. The interest rate on a secured home loan from a credited financial services provider, such as the Absa home loans department, will generally be lower than on an unsecured loan.

You do need to be careful though, that you do not take on more debt than you can handle. You have to be sure that you will be able to repay the loan. If you are unable to repay the loan and end up defaulting you will lose your home to repay the amount owed. Not only will you lose your home, but you will also be blacklisted and no other lender will give you a loan for as long as you have that blacklisting against your name. Basically, it will completely wreck your credit rating.

A secured home loan is a great way to get financing for other asset purchases. You can also use it to consolidate your debt and get a longer repayment term on that debt. You do need to be careful to make sure that you can afford the repayment else you will be in great danger of losing your home or whatever you offered as collateral. You can often get a better interest rate on a secured loan and also a better loan amount than if you were to apply for an unsecured loan.

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