House Rent Allowance (HRA) is an allowance given by an employer to an employee. The sole purpose of which is to meet the cost of renting a home. Here, we hope to clear the concepts of HRA and how the income tax exemption on HRA is calculated.You can claim HRA if you fulfil the following three conditions:1. HRA allowance should be a part of your salary package.2. You are staying in a rented accommodation and paying rent for it.3. The rent exceeds...more
As Americans we have experienced the full gamut of emotions after hearing TARP I handed 350 billion to big banks, but no money filtered through to small businesses in the form of loans. In fact, the spicket was turned off completely after receipt of the bailout money. But putting down the front page of our local newspaper for a moment, what is it like in the trenches? Are the banks really denying capital to businesses across the nation? And how...more
You see it splattered everywhere you look; the most innovating "this" and the best "that". "You must join our business. This is revolutionary", some say. Or an even better one is the notion that everyone needs, wants, or already uses the product or service being promoted. How many times has someone tried to sell you on a business? You see so many of these claims because people become desperate, vulnerable and want to believe that there are actually programs that can earn them lots of money with little effort. But should a friend or family member suggest a certain business model works and can provide a decent income, what then? Do you go for it? Do you not? What does joining a home based business really mean? Will you earn loads and loads of money? Be able to quit your day job? Well before making any drastic transitions, allow me the opportunity to uncover some myths and facts related to home based businesses.Myth:I am my own boss.Truth:Not necessarily. Unless you create your own business or product, in direct sales, you are still working under someone else. The differences here are that you choose to work independently, and your training may be somewhat on an individual basis. It...more
Under the current economic crisis, it is easy for you to lose your job. There is completely no job security in Today's world. You'll get fired or lay off if your company find your job is duplicated or your technique is out of date or whatsoeverÂ….You have to prepare for the worst, equip yourself with the proper knowledge or even start your...more
You, no doubt, have heard the terms: cleantech, clean tech, clean technology, and greentech.Do you know what cleantech actually means?When I first started studying the green economy, everyone around me seemed to "know" what the term cleantech referred to, but no one I asked could give me a clear definition.These are questions I've wrestled with:-...more
If you fall behind on your mortgage payments, there are several steps that you can take to help prevent foreclosure. First, it's important to understand your mortgage. If you don't understand the type of mortgage you have, you'll be unhappily surprised when your payments adjust. Adjustable Rate Mortgages are not fixed, and your payments will change, you must be aware of whether you have a fixed rate or adjustable mortgage to begin making plans. If you have a hybrid adjustable rate mortgage, you'll need to know when you can expect your payments to increase.Hybrid and Adjustable Rate Mortgages might be refinanced to a fixed rate if you foresee that you will have difficulty making the new payments. Don't give up and be persistent. Keep contacting your loan officer and request a refinance for your loan. Other options include devising a repayment plan with your loan officer, and can be used to prevent foreclosure. A repayment plan is effective for those who have fallen behind on their mortgage payments and would like to create a new schedule until they are caught up. You can also discuss a reinstatement plan. This enables you to arrange to pay your past due amount by a certain date,...more
Selling stock short is still kind of a mysterious strategy to most people, who normally have simply purchased stocks or mutual funds in the past. Yes, this is a paradigm shift for most people, who don't understand how one could sell an investment...more
Before establishing a document shredding plan, it is often times important to analyze what the best option is for your company. There are several destruction choices to consider when determining the type of service to set up, but the focus of this...more
Sometimes it's hard to find the right gift. If you're struggling to get a gift that carries the meaning you want, - don't despair though. There are tried and tested ways to spark someone's imagination and offer them a constant reminder of how much...more
Now is NOT the time to sit around in your business holding on to your wallets and sitting frozen on what to do next. It's time to develop new streams of revenue, find new ways for your current customers to buy more and look at possibly targeting a...more
In real estate, one thing always holds true, closing is the ultimate goal and can result in a nice payday or a miserable experience for the real estate investor. No matter whether you are new or a seasoned investor, it's no secret that keeping the...more
Know Your Options and Make The Best Decision!We are providing this information so you can make the best decision for you, your family, and ultimately your future. Clearly understanding your options will allow you to move forward with confidence,...more