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Different Types of Commercial Property Finance

Different Types of Commercial Property Finance

Funding options to start or grow a particular business are endless. If you were always on the hunt to start or grow your business whilst including some funding options, then most likely you’ve come across the term ‘Property Finance’.

By definition, Property Finance is a type of finance or a business loan that is secured and is used for the residential and commercial properties as collateral to the secured or borrowed amount. Property finances are extremely viable options while constructing or building business properties, and also in raising funds for expansion and other company or business needs.

The different types of corporate property finances available are:

Commercial property finance

Like the name suggests these types of finances are based on the loans secured against the commercial and the residential properties. The types of loans are mainly sanctioned to borrow the raw materials, and the essentials obligated to start or build a business. Commercial property plans are also keen at alleviating the potential threats and the problems that may arise using the vital operations.

These types of finances are also useful to buy machinery or to pay off the extended debts or bills of a company or a business.

Bridging Finance

Unlike commercial property loans, Bridging finances are essential for a business or a company to reach a destination, say from point A to point B. The finance or the loan packages for the Bridging Finance lasts anywhere from 12 months to two years, and the borrower ought to return the agreed sum at the end of the tenure in one bullet payment.

They’re generally used for the following:

  • To replenish good credit from a bad one
  • To pay bills and taxes
  • To exhaust ongoing developments
  • To keep cash flowing in a business during negative cash flow
  • To enable a property purchase

Term finance

It is also called the term loan, and it offers the benefits as the name suggests and sanctions loans for up to a maximum of seven years. Once done, the loan can be repaid in monthly installments, along with the interest rates. They’re one of the popular ones among all the commercial property financing loans. This is because the sum to be paid gradually reduces, without taking a serious hit on the financial stability of a company.

Interest-only Finance

These types of finances or loans are available for the tenure of five years with a limit in the sum to be borrowed. As the name suggests, these types of loans require the business or the company to pay an interest every month, and the total sum exceeds the sum borrowed, at the end of five years. Despite the lump sum amount that ought to be paid at the end of five years, it is the most secure form of property finances.

How is Finance Different from Accounting?

How is Finance Different from Accounting?

Most often than not, the terms finance and accounting are often confused among people as they fall under the same category of business assets. But it is imperative to know the differences between the two, especially for university graduates to build a career in their favourite field. Stick to the end to know the difference between the two.

Finance

Anything involved in the management of money for an individual, firm or a large organization is called finance. There are vast career options in this field which includes wealth management, financial planning and analysis, investment banking and many more. Professionals working in these fields are responsible for ensuring the smooth flow of cash, with adequate funding for all basic amenities and cash maintenance in terms of crisis. It is basically the way of planning the distribution of capital which includes that of business assets. The employers of finance include:

  • Banks
  • Insurance companies
  • Research and operating companies like regular businesses

Finance

Accounting

Management of the finances which includes recording, maintaining reports and report to a company, together collectively falls under the umbrella of accounting. The professionals working in this department generally work for individuals, corporations or a firm. The professionals working in this field maintain a ledger typically and ensure that the balances and the information entered by the finance department is correct. Accounting is basically the art of recording and reporting financial transactions.  The accounting professionals make use of the Generally Accepted Accounting Principles (GAAP) to report the financial transactions. The employers of accounting include

  • Accounting firms that are responsible for auditing large companies
  • Personal tax filing firms
  • Businesses and operating companies

Types of Finances

  • Personal
  • Behavioural
  • Social
  • Corporate
  • Public

Types of Accounting

  • Public
  • Forensic
  • Financial
  • Tax
  • Audit
  • Management

Accounting

Career opportunities

On the professional front, the career opportunity for both finance and accounting is pretty vast and depends on the student’s choice of interest. The difference between both fields solely depends on the ideal curiosity. In accounting, an employee has to work under the Chief Financial Officers in big companies. Initially, a job title like Tax manager, fund accountant, controller or financial reporting accountant can be assigned to the employee, and they have the freedom of working for a non-profit organization or the government. Daily activities include: tracking and reporting the flow of money to ensure compliance with best practices. Section 446 will become their best friend throughout their career.

However, in the finance department, there is quite a range of options when compared to the latter. Designations like financial analyst, investment banker, financial advisor, money manager or financial examiner can be assigned, with the freedom of working for the government or non-governmental bodies. With relevant experience in the fields, one can also take up entrepreneurship in the same field.

Conclusion

Finance is based on controlling the cash flow of an organization or firm, while accounting is maintaining records of the financial data. Both the fields provide equal career opportunities and are equally reliable for betterment.

Why “Income Tax: Shattering The Myths”?

Why “Income Tax: Shattering The Myths”?

The federal government has a virtually perfect record.  There is nothing it cannot mismanage. Even those rare things it is thought (by some) the government manages well, the private sector would do better at a fraction of the cost.

That said, there is one thing the government does extremely well; lie.  As a wonderful friend of mine says, “The government lies, lies all the time, and lies even when the truth would serve it well.”  If you disagree with that statement you haven’t been paying attention or you work for the government.

There is no shortage of subjects to write about if one wishes to expose the lies of the United States government.  So why did I start with the Income Tax?

First, due to nearly two decades of research and “hands on” activities concerning the truth of the income tax, it is a subject over which I have a substantial command.

Second – and more importantly – there is no other subject the government lies about that has such a significant impact on the lives of We The People.  It is also the subject the government has lied about for so long that most Americans were spoon fed the lie from their earliest memories.  In fact, this lie is so thoroughly entrenched in the fabric of American society that generation upon generation of proud patriotic American have been feeding this socialistic “big lie” to their own children!

In other words, to rip the hard ugly scab off of this foul puss-encrusted lie leaves a wound that will never heal.  Once a person has seen the light of truth about the income tax, he will never be able to trust the government again.

Given that the government is so thoroughly undeserving of the trust of the American people, opening their eyes to the government’s untrustworthiness is the first step in altering the relationship between We The People and the federal government.

The only way for We The People to interact with the federal government at this point is to presume that anything and everything the federal government says is a lie and require the government to prove itself credible in every interaction with an American citizen.

Income Tax: Shattering The Myths blows the lid off the government’s “big lie” concerning income tax, but its impact will be felt far beyond that single subject.

The Relationship between Politics and Finance

The Relationship between Politics and Finance

In the last 20 years, the relationship between finance and politics has been on and off. However, we know that in the free market, the departments of economics, finance and politics are forever linked to one another.

It is no brainer that the politicians are always on the run to make an impact to their voting strategies by offering a decrease in the income taxes or offering a tax break for the working section of society. The economy of a country its directly related to finance and financial expenditures of a country, which is in turn governed and controlled by the political bodies, until the completion of their term. The effort to mend the financial status of a country in the benefit of individual or political parties has always been frowned upon by the community. Hence, there is a direct relationship between politics and finance, in terms of a country.

Political Finance

Tackling the country’s politics with finance altogether gains a separate term called political finance. This field covers all the expenditure and the funds raised by and spect for political parties and purposes. This includes election campaigns, annual budgets and the expenses of different parties in a country. The study of political finance is vital in today’s world as problems arise due to the political parties and candidates struggle to raise funds for elections and other campaigns related to politics.

The study is also imperative to cope with the consequences of money chase, a scramble for political money. Another problem political finance tackles with is the problem associated with the Electoral process and the rising completion among parties and groups. The insufficient funding not only decreases the energy among politicians but also discourages able people from seeking office.

However, not all problems can solve by studying political finance as still. The wealthy self-financed candidates are dominating the society to weaken the democratic accountability of the nation. The flow of money during elections often produces an unanticipated consequence. Ambitious politicians tend to exploit the weakness, pushing the boundaries of the law to collapse the regulatory regime, to gain office. Political finance deals with most of these issues and is also a necessary field in today’s corrupted politics.

Political Finance

Relationship between the two

The bottom line is that there exist plenty of relationships and the reason for the two parties to communicate with each other as the financial decisions of the nation affects the political actions of the people under office. There solely exists a schedule that tells us that the politicians provide benefits to the more significant donors and fundraisers and protect them from taking actionable steps and financial decisions. However, on the bright side, politics plays a vital role in finance every year to form the budget and also cut down on tax reductions and more, which also is attached with a hidden social or economic cost.

People suggest politicians and the financial departments work hand in hand that could quickly stabilize the conditions and levels for all types of business, social and tax policies.

Role of Government in Finance

Role of Government in Finance

The government is a tremendously influential body in both the country as well as the financial world. The rules, regulations, and policies put forward by the government affect the overall working of the country and its economy. They also have a direct impact on all the financial speculations. The financial decisions taken by the government affects not only the business firms and companies but also individuals and startups. The government from any country has a significant contribution in regulating many influencing factors like the central bank operations, tax, accounting practices and many more.

Effects on central banks

Most of the central banks, like the Federal Banks in the United States, are responsible for controlling the money and setting the base interest rates for the country. Interest rate is the rate at which people can borrow money from the bank. It also acts like a for setting interest rates on all other banks. The financial decisions taken by these banks are directly responsible for the economy of the country, obligated by the government. In case there is a sudden rise or fall of the decisions from the Federal bank, then the economy of the country changes accordingly. For examples, a higher rate of interest lower the country’s economy and a lower rate acts the opposite.

Effects on central banks

Tax policies

The government and tax policies are directly related to the finances of a business, which is in turn connected to the economy of the county. Tax policies often have a record of the financial statements and expenditure of a country which is submitted to the tax department of the country. Depending on the result from the tax departments and the government, necessary steps are taken for tax rates which also encourage people to invest more in the business or the company.

Oversight on financial markets

Government of any country generally has all the authorities and exercise rights on all the financial demands of a nation. For example, the rules for the stock market and other authorities are set by the SE Commission and the Financial Conduct Authority in the United Kingdom.

This body always strives to ensure that the financial statements, structure and trading is fair in the county and aims at protecting the investors from making bad decisions and fraud. There are a set of rules and regulations that are responsible for controlling the operations of financial institution and dictates what the banks can and cannot do.

financial markets

Conclusion

It is clear from this article that the government has a full hold and control on all the financial institutions and firms in the country, which affects both the business and individual firms. Through setting laws, regulations, policies, tariffs, central bank activities and many more, the government usually keeps a check on all the business activist and the way they work. For the very same reason, it is imperative or all the business or financial analysts to keep a check on all the ever-updating rule and regulations of the government, which generally has significant effects on the financial projections and models.

Understanding Financial Statements to Tax Authorities

Understanding Financial Statements to Tax Authorities

Finance holds the backbone of an economy. For economic development and propulsion of a country, finances and taxes are highly essential.

Financial statements are records that contain information about the business activities and financial whereabouts of a business. It is a mandatory duty for all business owners to submit a record of the improvement or decline in the businesses of the year. This also includes financial positions like financial strengths and weaknesses. Financial statements are a crucial aspect in the tax departments as well as they determine the accuracy of the inflow and outflow of cash and help in taxes paid by the company.

 Types of financial statements

A business or company will generally have four types of financial statements that include

  • The income statement which is a profit/loss statement that determines the profit or loss of a company.
  • Balance sheets which provide the overall financial status of a business statement of owners’ or shareholders’ equity, which displays the adjustments in the ownership over a period of time.
  • Cash flow statements represent the cash exchange between the company and the outside.

To maintain the accuracy of the finance of a company, the accounts departments submit one or more of this information with the tax department at the end of every financial year, which signify the overall health of the company.

financial statements

Uses of Financial statements

  • They’re used for tracking the company’s growth and plan in the direction of the company’s growth in the future years.
  • It is necessary for the tax authorities to quickly gain access to the accounting details of the company or business.
  • Financial statements are also essential for the Internal Revenue Service (IRS) to evaluate the taxes on the company.

Taxes in financial statements

Taxes appear in all the significant financial statements like the balance sheets, the cash flow statements and the income tax statements. The deferred income tax, which is a liability due for the future, is section is always included in the balance sheet. This means that a company or a business has already earned the income and will not be paying taxes for that income, until the next tax year.

The sales tax and the use tax are generally available on the balance sheets, noted as the current liabilities. Both these taxes are paid directly to the government, and the amount of tax depends typically on the percentage of sales in that business year. These types of taxes are dependent on the jurisdiction and accumulated over 12 months, but can be paid in 12 months in the form of current liabilities.

Taxes in financial statements

Auditing and Legal issues

Sometimes a company or business is subjected to auditing, which is the monitoring of the finance in a company on behalf of tax authority or authorities. During these audits, the financial statements of the company are brought to light, and the information is provided to the tax authorities and the government. It is essential to maintain the fairness and accuracy of the business. During this process, an auditor will gain access to all the financial statements of the company.

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