There is an alternative to applying for loans from a bank. If you only need a little funding or you are not fully set-up as business yet, then you may want to check out these sites where people (friends and strangers alike) can loan small amounts to you.
Lendingclub.com has a Facebook application where borrowers are linked with lenders who share similar interests.
At Prosper.com loans can be up to 25,000 so they are oftern for start-up businesses.
Virgin Money “facilitates loans between people who already trust each other.
Zopa is a UK-based personal listing/lending service which will be coming to the US soon.
To market to budding entrepreneurs, Intuit has created a new contest where the prize is $50,00 in cash, products and services. Also a free copy of Quickbooks Simple Start is available online at I Will Just Start. In addition the New York events will take place next week, November 8 and 9 at the “Just Start Lounge” at the Grand Central Terminal.
clipped from www.chicagotribune.com
Intuit Inc., the maker of Quicken and TurboTax software, is offering aspiring entrepreneurs a chance to compete for a business start-up grant valued at $50,000 in cash, products and services.
The grant is part of the Mountain View, Calif., software-maker’s nationwide “Just Start” campaign, which offers guidance to aspiring entrepreneurs on the steps needed to launch their effort.
To help jump-start the program in Chicago, local entrepreneurs will offer advice at a lounge Intuit will set up from 11 a.m. to 6 p.m. Thursday and Friday at Union Station. In addition, a free copy of QuickBooks Simple Start, the simplified accounting software that previously cost $99.95, will be distributed. The software can also be downloaded free from the company’s Just Start Web site, http://www.IWillJustStart.com .
Did the Kiwis create a Quickbooks killer? I got an email yesterday about Xero.com which was developed by a group of guys from New Zealand.
Have you seen the brand new site for Crain’s New York? It looks great! By the way, the deadline for nominating yourself or someone you know for the Forty Under Forty is October 31.
Now is the time to crunch the numbers or run a report to have an idea of what your taxable income will be for 2007. If you think that you will have to pay a lot in taxes, then start now to reduce your taxable income.
- Review charges on debit cards, credit cards and see if they are deductible business expenses
- Look at last year’s tax form and compare to this year’s expenses.
- Make charitable donations.
If self-employed, make contributions to a SEP IRA, but if you work for a company than has a 401K, then follow below.
clipped from www.360financialliteracy.org
To reduce your taxable income this year, consider maximizing your contributions to an employer-sponsored retirement plan such as a 401(k). You won’t be taxed on the contributions you make now, and you may be in a lower tax bracket when you do eventually withdraw the funds and report the income.
If you qualify, you might also consider making either a tax-deductible contribution to a traditional IRA or an after-tax contribution to a Roth IRA. In the first instance, a current income tax deduction effectively defers income–and its taxation–to future years; in the second, while there’s no current tax deduction allowed, qualifying distributions you take later will be tax free. You’ll generally have until the due date of your federal income tax return to make these contributions.
I started this blog a year ago, and recently I bought the domain name, Keeping Nickels. All new blog entries will now be over at KeepingNickels.com