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How to Offer a No Credit Check Lease with Purchase Option to Customers
It’s no surprise that the majority of lenders that provide financing are denying over 45% of merchant’s consumer credit applications with credit scores being the main factor.
But there is good news for you because there’s an alternative financing option that can help you capture those lost sales regardless of how damaged your customer’s credit is.
Think about this for a moment and ask yourself how many more sales could you gain by offering no credit check financing?
Think it sounds too good to be true?
Well, it’s not and there are companies like Progressive Finance that specialize in offering merchants like you a lease/purchase option for your customers who don’t want their credit checked, can’t obtain primary financing due to poor credit, or lack the money they need for a down payment.
In a recent press release Progressive announced a new web site designed to better streamline the process for store owners. Curt Doma
2011 Mileage Rate IRS Standard Deduction Amount Set
When deducting eligible automobile expenses, taxpayers have the option of deducting actual expenses or using the optional standard mileage rates to deduct automotive expenses. Because, the records required in order to deduct the actual expenses and depreciation of a car expenses are extensive and detailed, most people opt to use the standard mileage deduction.
In addition, many businesses use the standard IRS mileage rates to reimburse employees for miles driven for work purposes. This both ensures that the company can deduct those reimbursements fully as a business expense, and that there is no disagreement about what the mileage reimbursement rate should be since an impartial government agency is the one that sets it.
The mileage deduction rate is adjusted every year. The standard 2011 tax deduction mileage rate has been published.
Standard IRS 2011 Mileage Rates
Beginning on January 1st, 2011, the standard mileage rates for calculating the deductible costs of operating a car or truck for business purposes is 51 cents per mile. Read more…
Groupon IPO Better Hurry UP
Not long ago, news that Groupon had spurned Google’s $6 billion takeover bid was released and I couldn’t help but thinking that maybe Groupon had succumbed to pop-star diva mentality, where everyone except you and the flatterers you surround yourself with know that your future at the top is shaky at best.
Later reports suggested that Groupon was worried that the deal might eventually be blocked by regulators and that the company would be left holding the bag after spending over a year in waiting mode. That makes more sense, but I still thought the clock was ticking. After that, reports suggested that Groupon raised more money to buy out early investors who wanted to cash out. Looks like I’m not the only one worried about the future.
The main issue with Groupon is that the barrier to entry, or the so-called economic moat, around its business model is virtually non-existent. Sure,
Business Identity Theft: Five Ways to Prevent and Detect
Do you believe you and your companys identity are safe? 
Think again!
Identity theft is a crime that impacts the lives of over 10 million consumers each and every year and the numbers are increasing. It’s hard to imagine that one out of every 20 consumers is at risk of being a victim this year alone. But whats even more alarming is consumers are no longer the only ones being targeted by these criminals. Now
Tough times for David Band
Even in a town where the millionaires have outnumbered the restaurants, David S. Band has loomed larger than most.
For more than four decades, from an office atop downtown Sarasota’s M&I Bank Building in the law firm he forged into a local powerhouse, the attorney-turned-investor ruled a real estate empire.
In all, Band-led partnerships have bought and sold hundreds of office buildings, shopping centers, assisted-living centers, hotels, condominium complexes and tracts of land.
Thanks to shrewd investing and good timing, sales of the properties have netted tens of millions of dollars, property records show, for a tight circle of wealthy friends and investors — such as retired businessman Stanley Kane — who are among Sarasota’s elite.
For Band, the deals brought more than just profit.
Sarasota area will audition for film studio scouts
Sanborn, which launched in September, sent out invitations to production company executives and other film industry insiders and received so many responses that the company was forced to cap its list at 100, said Ray Collins, the studio’s new director of media relations and creative development.
“We are trying to build new relationships with those in the industry, and we have been very pleased with the response to our invitation,” Collins said.
“Main Street at Lakewood Ranch is like a movie set. And we love that,” Collins said.
Beyond that, the guests will get a peek at Sanborn’s jet, helicopter, hangars and offices at Sarasota-Bradenton International Airport, then breeze down U.S. 41 past the Van Wezel Performing Arts Hall and over to St.
Jaguar Land Rover targets £1bn sales in China this year
Victoria Beckham launches Land Rover Evoque 300
JAGUAR Land Rover has committed to sell 40,000 Jaguar and Land Rover vehicles, worth more than £1bn, in China this year.
The company, owned by Indian giant Tata Motors, employs more than 2,000 people at Halewood and is gearing up for the launch of the Range Rover Evoque in July.
IRS Raises Standard Mileage Rates in 2011
The IRS has released the 2011 standard mileage rates for business use of an automobile. Taxpayers driving a car, van, pickup or panel truck can use these rates to determine the deductible costs of that vehicle’s operation.
- 51 cents per mile for business miles driven
- 19 cents per mile as part of moving expenses
- 16.5 cents for medical purposes
- 14 cents per mile driven in service of charitable organizations
Both the business and moving rates are up relative to last year from 50 and 16.5 cents, respectively. The rates for medical and charitable purposes are unchanged from 2010.
Taxpayers can use the actual cost of using the vehicle rather than the standard mileage rate however, once actual costs are used, use of the standard mileage rate is not permitted. T