Why File for a Property Tax Abatement?

May 12, 2016 |

A property tax abatement is a request for a reduction in the amount of property tax that is owed to the city. There are several reasons in which one would want to file a property tax abatement Massachusetts. It has a rule, like most places, that filing an abatement can be done only in the same year in which there is a question of the rate of property tax on a specific property.

Reasons for Abatement

Some of the reasons that you might file for a property tax abatement include:

  • Improper Property Classification – If you are paying taxes as a homeowner but own a church, filing an abatement is probably a good idea
  • Overvaluation – When the assessed value of the property that you own is too high, filing a request for an abatement may be able to get the amount of money owed in property taxes reduced.
  • Exemption – Does the property qualify for a tax exemption but you are still being charged? You might want to file an abatement

Talk to a Lawyer

There is a good chance that a lawyer will be needed in your property tax abatement Massachusetts but you should hold off on hiring anyone until after the results of the initial request. With a lawyer, you can be sure that the abatement is filed properly and that you’ve completed all of the necessary information to file this special request for a property tax reduction.

How to File an Abetment

If you wish to file an abatement for your property tax for the current year, an application must be completed and filled out to be considered. There are application deadlines in place, so familiarize yourself with those dates.  The application is reviewed by the board once submitted, where an approval or denial is granted. If denied, you do have the right to file an appeal of the decision.

Protect Your Bottom Line With Accounting Services

Mar 17, 2016 |

Before I actually started my own business, I did not realize just how important accounting services were.  The fact is, the best way to maintain the profitability of your business is to ensure that your books are taken care of properly.  That is why financial investigation and forensic accounting are very, very important.

Even if it is only for general ledger and financial statement preparation, accounting services are one of the most important things that you can do for your business.  Of course, most businesses will need more than these simple services, and the larger your business is, the more likely it is that you might need some sort of accounting service in case of being audited by the Internal Revenue Service.

The best accounting and audit services will provide you with all of the accounting services you need in one place.  From payroll processing to litigation support, it is important to make certain that your company’s numbers are crunched properly in order to protect the bottom line.  The last thing you want is to lose money simply because you did not keep your books correctly.  This is the simplest way to make certain that your company is remaining in the black rather than in the red.

There are a number of different accounting services available in the Chicago area, so the smart business man will research them all in order to make certain that he is getting the best services for the money he is spending.  Too many companies go under simply because they did not keep their books correctly.  Why risk something like this when you can be proactive and make sure that you know where every last dollar is?  If you own a business, look into these different accounting services today.

Questions to ask your mortgage company

Mar 15, 2016 |

Obtaining a mortgage is the first step in home ownership. It is exciting, fun, and sometimes stressful if you are not prepared. Luckily we are providing you with a list of important questions below that you should take with you when applying for the mortgage. Asking your mortgage company these questions provides you with peace of mind and security. When contacting a mortgage company the questions below are important to ask.

  1. What is the interest rate?

When you apply for a mortgage, you are going to pay interest on the money that you borrow. The question is how much money are you going to pay? It is important that you ask this question because it allows you to compare rates to get the lowest and save yourself money.

  1. What are the closing costs?

Closing costs include realtor fees, advertising, etc. and are usually the responsibility of the buyer to cover. These fees vary, so again it is best to be vocal and inquire of the cost you are going to be charged.

  1. Are there prepayment penalties?

Although you would think companies would want their money faster, this is not always the case. In fact, you are sometimes penalized for the decision. Be sure that this is one of the questions that you always ask when acquiring of a mortgage.

  1. Do I qualify for a loan?

There are many qualifications you will need to meet in order to qualify for a mortgage. Those qualifications vary from one lender to the next. Be sure that you ask if you qualify before you waste all of your time applying for it.

  1. How long does the process take?

The length of time it will take to process your application is an important question as well. Obviously you want to know how long it is all going to take, so do ask.

Why Liquidate Your Silver and Gold?

Mar 15, 2016 |

Precious metals can be an interesting thing to try and work with and figure out, especially if you’re trying to make it so that your estate is mostly cash and not a lot of property. What can you do to make sure that you’re getting the best deal for the precious metals that you have? Who can you trust to actually help you figure out whatever it is that you may need to achieve your goals? Those are great questions that you need to explore, no matter how much or how little you have in that area.

If you need help liquidating your estate, we have a lot of experience with it. We know the ins and outs of the industry and have done a lot of work in order to make sure that you’ll be able to get everything necessary to achieve your goals. Not only that, but we can give you the best price for gold, silver, and other metals that you may be looking to sell so that you can put more money into your estate.

Whether your intention is to get your estate ready, or you have other plans as to what you’ll do with the money, you definitely want to make sure that you take some time to see exactly what we can do for you. Give us a call to see if we have the resources that you need and how much we can offer you for all of the various items that we have. Or, take a look at our website and check out the various items that we have currently and learn about all of the great things that we are going to be able to do for you when it comes to taking care of precious metals.

Advantages and secure banking tips for internet use

Mar 15, 2016 |

Those who are not yet fully aware of this, this note begins a call to action. It’s time to make a profound change towards promoting, growing and ensuring your long-term profitability as an individual and/or business owner. Whether banking purely for private use or using your account for your business, you should know by now that time is money. And what better way to help you save on time by opening an online banking account.

Not only does it save you time, it saves you money too. Together with these time and cost-saving initiatives, it is a highly efficient vehicle which can be operated proactively. There is a full bouquet of online functions which allow you to operate your own banking needs and transactions independently from the previously cumbersome restraints of traditional teller-based services. Also, new users can be reassured that accounts and its inherent transactions are secured.

This is thanks to best business practices, banking legislation and the protective regulatory initiatives of related government role players. But, with sound advice and directions provided upfront, the onus still remains with you to ensure your online security. Online banking has far too many advantages that can be mentioned in one short online article. So to close, we’ll just be highlighting a few general advantages already put into practice by regular online bankers.

Savings-wise, money can be deposited directly into interest-bearing accounts immediately when funds are available. Similar principles are applied to investment accounts. Likewise with mortgage servicing needs where payments can be managed optimally and timed for early settlement. Business accounts, on the other hand, provide a convenient platform to secure early and regular payments from customers. And a flexible advantage is that all separate accounts can be linked.

A look at mortgage loans

Mar 15, 2016 |

There are a few different types of mortgages that might help in your time of need. Before aimlessly applying for these loans, however, it is important that you familiarize yourself with the pros and cons and other factors as well. Continue reading to learn more about the different types of mortgage loans and learn how to choose the best for your needs.

Rates

Obviously one of the most important factors in your mortgage is the rates that you are going to be charged to borrow the money. Rates greatly vary from one provider to the next, so it is essential that you make comparisons. Of course, rate alone is not a deciding factor in the best lender. There are many other qualities to look for as well. This includes:

  • Fees: Application fees, appraisal fees, and other various fees can all quickly add up. It is critical that you are well-aware of the fees beforehand.
  • Reputation: What is the reputation of the lender? Another important quality is that the lender has made plenty of people happy in the past.
  • Product Availability: Although your loan needs may be very simple, it is important to choose a lender that offers a variety of products and services just to be sure that you get what you need regardless of the situation.
  • Service: The service that you receive from a lender is also very important. You want to work with a lender that is professional, friendly, courteous, and of course willing to go the extra mile to help meet your needs.

Don’t make the mistake of choosing a lender without looking at all of your options first. You have choices and should take advantage of them when it comes to something as important as your new home and a home loan.

Tips for buying a home

Mar 15, 2016 |

Buying a home is one of the most exciting things that you’ll ever do in your lifetime, but it is also a time of great importance. There is much to know about purchasing a home. It is essential that you learn as much as you can about home buying before the process begins. The more that you know, the easier that the entire process will be for you. To give you a head start, continue reading to learn more about buying a home with these awesome tips. Put them to use and come out a winner when you are buying.

Don’t be afraid to ask for help

There is plenty of assistance with finding a home loan program available so do not be shy about asking for help when you need it. We cannot make it in this world without the help of others and a closed mouth won’t get answers.

Stop obsessing

When is the right time to buy? When will the cost of the home you want to buy decrease? Stop obsessing with when and just do it. Waiting for the right opportunity may very well be a never-ending wait. Don’t delay home ownership waiting for the perfect opportunity that simply doesn’t exist.

Keep your options open

Although some aspects of the new home aren’t negotiable, others are and if it is negotiable, make sure that you keep your eyes open. You never know what you will run across when you keep your options open rather than insist on one exact type of home to purchase.

With the tips above buying a new home is something that you can do easily and without a great deal of complications. Don’t miss the chance to be a homeowner sooner than you ever imagined possible.

Opening a Checking Account with Someone

Mar 15, 2016 |

If you want to open a joint checking account, there are some things that you should know. First of all, a joint account is a lot like a personal one. You will need to give the bank some personal information for both parties on the account such as full legal names, addresses, social security numbers, and dates of birth.

Of course, the most challenging part of making this decision is deciding to open the account to begin with. Before going to the bank and filling out the forms, you must have an honest discussion with the person you are considering opening the account with. This discussion will help avoid confusion and disagreements in the future.

It is critical that you clear up any and all expectations with the co-owner of the account. For example, if your teenager has not learned how to be responsible with saving and spending, you may want to think twice about putting money into the account and expecting them to be responsible with it without you telling them how to manage it.

On the other hand, if you plan to open an account with your partner, you shouldn’t close your personal account- at least not immediately. You might still want to have money of your own for any personal expenses you incur.

Given the right situation, opening up a checking account with someone can be a good thing- but keep in mind that it does require some maintenance. It doesn’t matter who you are planning to open an account with, you must always be open and honest with each other and deal with any problems as they come up. This could possibly mean having frank, difficult talks about spending/saving habits. However, having these conversations early can prevent bigger issues in the future.

Services from the best Bank Checking Account

Mar 15, 2016 |

Checking accounts are a necessity in life for most people. Many direct deposit their paychecks into the account, hold debit cards, and even directly pay bills. If you are currently searching for a bank to open a checking account with, the choices may seem overwhelming, but finding a great bank to do business with really isn’t that difficult of a task.

There are a few factors to consider when looking for the best checking account service that is out there. When you’ve found these things you’ve found what you need for an awesome checking account that will provide you with awesome perks and advantages for as long as you are an account holder. Let’s take a look at some of those perks and advantages below.

  • Free checks: This is a perk that most banks offer, and one that you should look for since checks can cost a nice chunk of change when buying them on your own.
  • Debit Card: Not only should he bank offer you a free, easy to use debit card, the card itself should come with perks. Cash back, free ATM withdrawals, etc. are all nice perks that you should look for.
  • Overdraft Protection: Overdrafts can really hurt you but they happen to the best of us. When you choose a bank that offers overdraft protection, you can take a bit of comfort knowing that some of those excessive fees are eliminated.
  • Free Gift: Some banks lure you in to their branch with the offer of a free gift with your new checking out. Sometimes bribery is a good thing because these free gifts are quite nice, ranging from gift cards to jewelry and more. If you are going to open a checking account anyway, why not get something for your efforts?

Benefits of a 529 Plan

Mar 15, 2016 |

The 529 plan is one that might be of great interest to you. If you are unfamiliar with the 529, now is the perfect time to better acquaint yourself. The 529 tax plan brings forth an array of advantages and perks you’re sure to love. Let’s take a look at a handful of the many perks for  you to enjoy.

Income tax breaks

Contributions to the 529 plan are not deductible, however, the money in the plan are tax-free and are not taxed, so long as the money is used to cover the cost of college. Other types of savings plans fail to offer this advantage.

State Breaks

In addition to federal tax breaks, this college savings plan may also entitle you to some pretty awesome breaks within the state you live in as well.  A full or partial tax deduction is offered in 34 states currently.

Total Account Control

You can control all aspects of your account, and this is beneficial for all. You can ensure that your money is used for its intended purpose and you can withdraw funds at any time and for any reasons. This is another feature that many plans fail to offer.

Easy to Maintain

The 529 plan is easy to maintain where you are enrolling or want to check balances. Set it and forget it is one option that is available and there are many other tools available as well.

Flexible

Another quality of the 529 is that it is flexible. College students need flexibility and this plan delivers where it counts. It is easy to change your plan, which is allowed twice yearly. It is also possible to rollover your funds.

These advantages are just some of the many available for those that use the 529 for their college savings. Doesn’t it sound like the perfect option for your needs?