Joshua Rawls, Author at On Deck Refinance

Dec72024 by Joshua RawlsNo Comments

Estate Planning in Hanover, MD: How CPAs Can Help

Business

Estate planning is an essential part of financial stewardship that determines the distribution of your estate after you die. It needs to be a complicated process and legal, financial, and tax considerations. This is where a CPA in Hanover, MD can help. Hanover MD CPAs are valuable resources in navigating the complexities of estate planning and ensuring that individuals and families can preserve their financial legacy. Understanding Estate Planning Estate planning is the process of arranging for the management and disposal of a person's estate in the event of incapacity or death. including the distribution of assets to heirs and payment of estate taxes. The majority of estate plans are created with the assistance of a lawyer familiar with estate law. But surprised CPAs provide you with es...

Aug272024 by Joshua RawlsNo Comments

Different Types Of Debt Funds You Need to Know

Finance

When it comes to investing in mutual funds, many people think only of equity funds. Still, debt funds are an equally important option, especially for those who seek stable returns with lower risk. Debt funds primarily invest in fixed-income securities like treasury bills, government bonds, and other debt instruments. Let's dive into the different types of debt funds and understand how they cater to various financial goals, investment horizons, and risk profiles. Types of Debt Funds 1. Overnight Funds Overnight funds are debt funds that invest in securities with a maturity of just one day. These funds are designed to provide liquidity and convenience rather than high returns. They are typically used by corporate treasuries or investors looking to park their money for a very short per...

Jul202024 by Joshua RawlsNo Comments

How to Prepare for a Financial Audit?

Finance

Audits are the process of examining and verifying a company’s financial records to ensure accuracy and fair representation in the books. Companies need to learn how to audit financial records, as it can be a stressful job. However, proper planning and preparation can help ensure a smooth and successful audit. You can also outsource the auditing services to ensure that you get a clear and proper record of auditing in Houston. There are various accounting agencies, such as Houston outsourced accounting firm, where you can get your auditing done without much stress. Before learning about how to prepare for an audit, let’s understand why it is essential for your business. What is the Importance of Auditing? Auditing is important for maintaining trust and efficiency in the financial...

Feb102024 by Joshua RawlsNo Comments

5 Questions to Answer Before You Apply for Hard Money

Finance

Private lending offers a variety of options that are not available through banks and credit unions. Hard money is one of them. Hard money loans are available to people whose borrowing needs do not fit traditional bank and credit union criteria. Think of it as a way of borrowing outside the box. Borrowing money is not something to be taken lightly. The more you borrow, the more serious your financial commitment. So it pays to really think about what you're doing before you do it. Applying for a hard money loan is no exception to this rule. Actium Partners is a hard money lender based in Salt Lake City, UT. They make loans in Utah, Colorado, and Idaho. They recommend asking, and answering, the following five questions before applying for a hard money loan: 1. What is my immediate fina...

Jan152024 by Joshua RawlsNo Comments

Unveiling the Truth: Does Insurance Really Matter?

Business

One of the common words that people hear from others when talking about insurance is - “It is just a waste of money.” This is one of the big misconceptions about it, but many are still believing in this untrue statement. It is understandable why people have lots of ideas and insurance information. In these modern times, anyone can easily browse on the Internet. Little they did not know, information found online is not filtered. So, the truth and lies are both on the same page. It is the main reason why people who are interested in knowing more about insurance must consult the advice from the experts. Now, anyone can find financial and insurance professionals who have enough knowledge and expertise about insurance. Unveiling the Truth Does insurance matter? Many are claiming tha...

Oct42023 by Joshua RawlsNo Comments

How Does Term Life Insurance Work?

Finance

Term life insurance is a type of life insurance policy that provides coverage for a specific period or "term." In the Indian insurance market, this term usually ranges from 5 to 30 years. It offers financial protection to your family in the unfortunate event of your demise during the policy term. This type of coverage can help your beneficiaries manage their financial needs and maintain their standard of living when you're no longer there to provide for them. Key Features of Term Life Insurance Premium Payments To secure a term life insurance policy, you need to pay regular premiums to the insurance company. The premium amount of term insurance depends on various factors such as your age, health, lifestyle, and the coverage amount you choose. It's essential for insurance holder...

Jul82023 by Joshua RawlsNo Comments

Merits of hiring an accountant for a small business

Business, Finance

Hiring an accountant is one of the most beneficial steps in business. It doesn’t matter whether you have just launched your business or if you wish to upgrade your existing business on a large scale. Every business size and type must have an accountant to take care of daily business needs. Hiring a good accountant can help you prevent many financial risks and also fines. Other than maintaining book of accounts, an accountant hired from firms like Comptable impôts ACCOTAX performs various others roles as well. Roles performed by an accountant: helps in guiding on critical financial decisions maintain book keeping records and inventory maintain financial statements follow legal compliance maintain payroll, cost management, and cash collections budgeting and reporting ...

Jun292023 by Joshua RawlsNo Comments

Financial Advisors vs. Certified Financial Planners: Understanding the Difference

Finance

Seeking professional advice is frequently a sensible move when it comes to managing your finances and making plans. However, the financial sector offers a variety of names and designations, which causes ambiguity regarding the functions and credentials of experts. "Financial advisors" and "Certified Financial Planners" are two terms that are frequently used. Even though these phrases are occasionally utilized synonymously, it's critical to comprehend their distinctions. To assist you in making decisions regarding your financial security, we examine the differences between financial advisors and Certified Financial Planners in this article. Who are Financial Advisors? Professionals that specialize in financial planning and investment management are known as financial advisors. The...

May152023 by Joshua RawlsNo Comments

Compulsory Personal Accident – Stand Alone Policy

Finance

The owner-driver of the vehicle can be the only beneficiary of Compulsory Personal Accident (CPA) cover, a separate compulsory Personal Accident policy. All vehicle owners are required by the Insurance Regulatory and Development Authority of India (IRDAI) to carry a personal accident insurance policy with a minimum insured amount of INR 15 Lakh. As of January 2019, the insured can choose to purchase a separate CPA policy rather than selecting CPA as a cover within a motor insurance policy. # This car insurance provides coverage for accidental passing away or disability that occurs while operating the insured vehicle for you or your beneficiaries. If your auto insurance policy does not include this coverage or you own many vehicles, you can purchase the standalone CPA and make a car insu...

Mar292023 by Joshua RawlsNo Comments

Benefits Of Choosing Fixed Deposits For Long-Term Savings

Finance

When it comes to long-term savings, fixed deposits are a popular option among investors. A fixed deposit is a financial instrument that allows you to invest your money with a bank or financial institution for a specific period, which can range from a few months to several years. In return for your investment, you receive a fixed rate of interest at the end of the tenure. Long-term savings refer to setting aside a portion of your income for a significant period, usually five years or more, to meet future financial goals such as buying a house, funding your children's education, or planning for retirement. By investing in fixed deposits for long-term savings, you can enjoy several benefits that make it a wise choice. Read on to have a clear understanding of the benefits of choosing...