Archive for the ‘Finance’ Category

Hire tax relief professionals to abate IRS penalties

Many of us who has to deal with taxes or tax relief funds find dealing with IRS to be frustrating, time consuming and intimidating, leading to hiring of professionals like the tax attorneys or the tax resolution firms who would negotiate with IRS on their behalf.

Professional firms like the Omni Financial have the experience of providing the necessary tax reliefs to both individuals and businesses, resolving their tax problems at the state and federal level. These tax resolution professionals are usually experts who would cater to your need of IRS problem.

If you are wondering as to why hire them, the following are some of the reasons:

  • Increased costs: The greatest advantage that you can receive once you hire a professional like the Omni Financial Vero Beach is peace of mind related to the fact that the person does not have to bear any unnecessary risk both on the personal and financial front. Even if as an individual or a business, you fail to clear tax returns for years, the companies are trained to settle your IRS debt through increasing chances of resolving the back taxes. They also come up with a tax relief settlement wherein the individual or the business has to pay back only a fraction of what was originally owned.
  • Understanding various tax settlement options: Most of these professionals help in understanding the process for resolving tax debt so that a realistic expectation regarding the problem can be set. The IRS has very strict guidelines governing the eligibility for tax settlement which only the tax professionals are well aware of. This means that they are more than capable for resolving specific IRS problems also.
  • Every tax relief case is different: Professionals such as these understand that all tax relief requirements are specific and therefore they do not apply any one-size fits all approach. Firms such as these have extensive knowledge regarding that only they can provide. They also have exceptional record of accomplishment for tax relief success that would ensure that as an individual the case is safe.
  • Preventing future IRS issues: Once an individual or business hires a professional like Omni Financial they will not only help in resolving past IRS issues but also help in maintaining records of future transactions which would ensure that there are no future problems.
  • It is true that when a business needs a tax attorney, it is still a difficult decision especially when an individual is aware of their fees. However, what the business or individual should be aware is the fact that not hiring people from Omni Financial would actually prove to be inexpensive. When these IRS attorneys are hired, it would actually result in an affordable IRS payment plans and lesser tax penalties. When as an individual you owe money, the issue at stake is often more than just your balance sheet. Instead of being financially and personally crippled, it is best to hire professionals.

    Hiring Omni Financial can significantly improve your chances in securing offers regarding tax settlements. More than this, it can also help in achieving tax reliefs and abate future penalties.

SafeDinar.com Launches Currency Exchange Rate Notification Service

SafeDinar.com has released an upgrade to their exchange rate notification service.  Anyone can sign up for customized notifications for any or all of the currencies that can be exchanged at SafeDinar.com.

SafeDinar.com was able to expand the currency selection for customers looking to buy and sell foreign currency.  In an effort to enhance their exchange rate notification service, which was originally designed for the Iraqi Dinar, the company has designed a brand new email notification service.  Simply put, anyone can go to SafeDinar.com, choose the currency and rate they wish to receive a notification about and then set their own custom parameters. There is no limit to the number of rate notifications that a person can sign up for.  If there is a change to a selected rate, an email notification is automatically sent. SafeDinar.com does not require that a person to be a customer to receive the notifications – anyone is welcome to sign up!

The new notification service was introduced as a part of the Currency Dashboard addition made to SafeDinar.com. The Currency Dashboards offer information about each country, the currency, exchange rates, important travel tips, and much more.

SafeDinar.com is operated by Dartmouth Capital, LLC, headquartered in Boston, Massachusetts.  Dartmouth Capital, LLC is registered with the United States Treasury as a money services business.  For eleven years, the company has provided currency exchange services through their website www.safedinar.com. The company is an accredited business with the Better Business Bureau and has earned an “A+” rating. Dartmouth Capital, LLC does not offer investment advice.

If you would like more information about this topic, you can contact a representative of www.safedinar.com at 1.877.723.3391, or e-mail info@safedinar.com.

SOURCE SafeDinar.com

Trade Disputes Can End Positively

Following the recent revision of the International Chamber of Commerce (ICC) DOCDEX rules, Georges Affaki, chairman of the Legal Committee of the ICC Banking Commission and chairman of the DOCDEX Drafting Group, explains how dispute resolution mechanisms , such as DOCDEX, are a friendly alternative to costly and protracted litigation or arbitration in trade finance

In an ideal world, trade transactions would always self-liquidate in a peaceful manner. Yet this is not always the reality for banks and businesses.Instead, differences between parties can at times lead to disputes– jeopardising future deals and damaging potentially valuable trading relationships.

Good faith negotiation often takes care of the difference, but some disputes may require submission to a neutral forum for successful resolution – with litigation and arbitration often the route of choice. Neither are perfect solutions however.

While litigation or arbitration present an adequate solution for complex cases requiring detailed legal analysis,they can be costly and protracted.

Not only does litigation often involve judge sun familiar with trade finance instruments and documentation, it also forces parties to go through a specific court or legal system –occasionally leading to decisions which are difficult to enforce on an international scope. Airing their disputes in public would also be seen as a last resort for many.

And while arbitration proceedings are conducted privately– and enable disputants to choose arbitrators who are experts in trade finance– it remains an adversarial process by which partnerships could be damaged.

Fortunately, a friendly and effective alternative exists: Alternative Dispute Resolution (ADR).Yet, as ADR mechanisms grow more popular, it is vital that the rules defining them continue to evolve as global trends emerge, adapting to meet ever-changing corporates’ needs. Hence the new rules for DOCDEX–  anICC ADR mechanism – released in May this year.

Revamping the rules

Created by the ICC Banking Commission and administered by the ICC Centre for ADR, DOCDEX offers a private, quick and cost-effective means to settle disputes involving trade finance-related instruments.

First issued in 1997, and revised in 2002, DOCDEX  – whereby a panel of three impartial experts examines the documents involved in a claim – is distinctively not binding, unless both parties otherwise agree at any stage of the dispute. This characteristic frees neutral experts from the constraints of due process, therefore allowing them to devise a flexible approach to forming a decision.

Another key characteristic of DOCDEX is the appointment of a Banking Commission technical adviser – whose role is to scrutinize the decision made by the panel of experts. This not only ensures the verdict is in-keeping with ICC rules, DOCDEX precedents and International Standard Banking Practice, but it also adds credibility to the result.

Yet, despite the success of DOCDEX since its launch in 1997, its original rules have shown some limitations – particularly in terms of the process of appointing experts, dealing with unwarranted delays and finding solutions to procedural challenges. It became clear that a more comprehensive solution was needed.

Consequently, in May, ICC revised the rules surrounding DOCDEX –in both scope and administration. The aim: to serve more companies and cases faster than ever before, and with greater transparency.

Broadening the scope

Until now, DOCDEX panels were only able to resolve disputes in relation to instruments governed by ICC rules – leaving large segments of trade finance transactions, and therefore many banks and corporates seeking DOCDEX decisions, outside its scope.

As a result – and building on the untapped capabilities in the Banking Commission – the new DOCDEX rules offer an enlarged scope that now makes them available to anytrade finance-related dispute.

And this includes transactions such as, trade loans, syndications, negotiable instruments and risk purchase agreements.

A boost to transparency and efficiency

To increase transparency around its dispute resolution services, the appointment of expert process has also been revised to ensure impartiality. Now, any candidate hoping to become an expert on a case is required to file a statement to the ICC confirming their availability, independence and neutrality – ensuring they do not have any additional involvement in the case beyond their decision-making duties.

Similarly, in the interest of transparency – but also serving to set future precedents – the new rules provide that redacted decisions are published more frequently and quickly.

Until now, DOCDEX decisions have only been available through a compilation published bi-annually and sold by ICC. The hope is that now, however, all redacted decisions will be made available for free on a dedicated website to ensure they can be accessed by anyone.

A bright and digital future

DOCDEX has also traditionally been a paper-based process – slowing down the capacity for resolution and not necessarily streamlining the process.

Now, the implementation of electronic submissions – according to standard templates available on-line – are significantly minimizing the impact of administrative delays, thus resulting in faster and more efficient proceedings.

In today’s trade and economic landscape, trade finance disputes remain inevitable. The key is to ensure that they are dealt with in a cost-effective, swift and flexible manner. And, most important of all, they must be a friendly act.

Hire tax relief professionals to abate IRS penalties

Many of us who has to deal with taxes or tax relief funds find dealing with IRS to be frustrating, time consuming and intimidating, leading to hiring of professionals like the tax attorneys or the tax resolution firms who would negotiate with IRS on their behalf.

Professional firms like the Omni Financial have the experience of providing the necessary tax reliefs to both individuals and businesses, resolving their tax problems at the state and federal level. These tax resolution professionals are usually experts who would cater to your need of IRS problem.

If you are wondering as to why hire them, the following are some of the reasons:

  • Increased costs: The greatest advantage that you can receive once you hire a professional like the Omni Financial Vero Beach is peace of mind related to the fact that the person does not have to bear any unnecessary risk both on the personal and financial front. Even if as an individual or a business, you fail to clear tax returns for years, the companies are trained to settle your IRS debt through increasing chances of resolving the back taxes. They also come up with a tax relief settlement wherein the individual or the business has to pay back only a fraction of what was originally owned.
  • Understanding various tax settlement options: Most of these professionals help in understanding the process for resolving tax debt so that a realistic expectation regarding the problem can be set. The IRS has very strict guidelines governing the eligibility for tax settlement which only the tax professionals are well aware of. This means that they are more than capable for resolving specific IRS problems also.
  • Every tax relief case is different: Professionals such as these understand that all tax relief requirements are specific and therefore they do not apply any one-size fits all approach. Firms such as these have extensive knowledge regarding that only they can provide. They also have exceptional record of accomplishment for tax relief success that would ensure that as an individual the case is safe.
  • Preventing future IRS issues: Once an individual or business hires a professional like Omni Financial they will not only help in resolving past IRS issues but also help in maintaining records of future transactions which would ensure that there are no future problems.
  • It is true that when a business needs a tax attorney, it is still a difficult decision especially when an individual is aware of their fees. However, what the business or individual should be aware is the fact that not hiring people from Omni Financial would actually prove to be inexpensive. When these IRS attorneys are hired, it would actually result in an affordable IRS payment plans and lesser tax penalties. When as an individual you owe money, the issue at stake is often more than just your balance sheet. Instead of being financially and personally crippled, it is best to hire professionals.Hiring Omni Financial can significantly improve your chances in securing offers regarding tax settlements. More than this, it can also help in achieving tax reliefs and abate future penalties.

SafeDinar.com Launches Currency Exchange Rate Notification Service

SafeDinar.com has released an upgrade to their exchange rate notification service.  Anyone can sign up for customized notifications for any or all of the currencies that can be exchanged at SafeDinar.com.

SafeDinar.com was able to expand the currency selection for customers looking to buy and sell foreign currency.  In an effort to enhance their exchange rate notification service, which was originally designed for the Iraqi Dinar, the company has designed a brand new email notification service.  Simply put, anyone can go to SafeDinar.com, choose the currency and rate they wish to receive a notification about and then set their own custom parameters. There is no limit to the number of rate notifications that a person can sign up for.  If there is a change to a selected rate, an email notification is automatically sent. SafeDinar.com does not require that a person to be a customer to receive the notifications – anyone is welcome to sign up!

The new notification service was introduced as a part of the Currency Dashboard addition made to SafeDinar.com. The Currency Dashboards offer information about each country, the currency, exchange rates, important travel tips, and much more.

SafeDinar.com is operated by Dartmouth Capital, LLC, headquartered in Boston, Massachusetts.  Dartmouth Capital, LLC is registered with the United States Treasury as a money services business.  For eleven years, the company has provided currency exchange services through their website www.safedinar.com. The company is an accredited business with the Better Business Bureau and has earned an “A+” rating. Dartmouth Capital, LLC does not offer investment advice.

If you would like more information about this topic, you can contact a representative of www.safedinar.com at 1.877.723.3391, or e-mail info@safedinar.com.

SOURCE SafeDinar.com

Trade Disputes Can End Positively

Following the recent revision of the International Chamber of Commerce (ICC) DOCDEX rules, Georges Affaki, chairman of the Legal Committee of the ICC Banking Commission and chairman of the DOCDEX Drafting Group, explains how dispute resolution mechanisms , such as DOCDEX, are a friendly alternative to costly and protracted litigation or arbitration in trade finance

In an ideal world, trade transactions would always self-liquidate in a peaceful manner. Yet this is not always the reality for banks and businesses.Instead, differences between parties can at times lead to disputes– jeopardising future deals and damaging potentially valuable trading relationships.

Good faith negotiation often takes care of the difference, but some disputes may require submission to a neutral forum for successful resolution – with litigation and arbitration often the route of choice. Neither are perfect solutions however.

While litigation or arbitration present an adequate solution for complex cases requiring detailed legal analysis,they can be costly and protracted.

Not only does litigation often involve judge sun familiar with trade finance instruments and documentation, it also forces parties to go through a specific court or legal system –occasionally leading to decisions which are difficult to enforce on an international scope. Airing their disputes in public would also be seen as a last resort for many.

And while arbitration proceedings are conducted privately– and enable disputants to choose arbitrators who are experts in trade finance– it remains an adversarial process by which partnerships could be damaged.

Fortunately, a friendly and effective alternative exists: Alternative Dispute Resolution (ADR).Yet, as ADR mechanisms grow more popular, it is vital that the rules defining them continue to evolve as global trends emerge, adapting to meet ever-changing corporates’ needs. Hence the new rules for DOCDEX–  anICC ADR mechanism – released in May this year.

Revamping the rules

Created by the ICC Banking Commission and administered by the ICC Centre for ADR, DOCDEX offers a private, quick and cost-effective means to settle disputes involving trade finance-related instruments.

First issued in 1997, and revised in 2002, DOCDEX  – whereby a panel of three impartial experts examines the documents involved in a claim – is distinctively not binding, unless both parties otherwise agree at any stage of the dispute. This characteristic frees neutral experts from the constraints of due process, therefore allowing them to devise a flexible approach to forming a decision.

Another key characteristic of DOCDEX is the appointment of a Banking Commission technical adviser – whose role is to scrutinize the decision made by the panel of experts. This not only ensures the verdict is in-keeping with ICC rules, DOCDEX precedents and International Standard Banking Practice, but it also adds credibility to the result.

Yet, despite the success of DOCDEX since its launch in 1997, its original rules have shown some limitations – particularly in terms of the process of appointing experts, dealing with unwarranted delays and finding solutions to procedural challenges. It became clear that a more comprehensive solution was needed.

Consequently, in May, ICC revised the rules surrounding DOCDEX –in both scope and administration. The aim: to serve more companies and cases faster than ever before, and with greater transparency.

Broadening the scope

Until now, DOCDEX panels were only able to resolve disputes in relation to instruments governed by ICC rules – leaving large segments of trade finance transactions, and therefore many banks and corporates seeking DOCDEX decisions, outside its scope.

As a result – and building on the untapped capabilities in the Banking Commission – the new DOCDEX rules offer an enlarged scope that now makes them available to anytrade finance-related dispute.

And this includes transactions such as, trade loans, syndications, negotiable instruments and risk purchase agreements.

A boost to transparency and efficiency

To increase transparency around its dispute resolution services, the appointment of expert process has also been revised to ensure impartiality. Now, any candidate hoping to become an expert on a case is required to file a statement to the ICC confirming their availability, independence and neutrality – ensuring they do not have any additional involvement in the case beyond their decision-making duties.

Similarly, in the interest of transparency – but also serving to set future precedents – the new rules provide that redacted decisions are published more frequently and quickly.

Until now, DOCDEX decisions have only been available through a compilation published bi-annually and sold by ICC. The hope is that now, however, all redacted decisions will be made available for free on a dedicated website to ensure they can be accessed by anyone.

A bright and digital future

DOCDEX has also traditionally been a paper-based process – slowing down the capacity for resolution and not necessarily streamlining the process.

Now, the implementation of electronic submissions – according to standard templates available on-line – are significantly minimizing the impact of administrative delays, thus resulting in faster and more efficient proceedings.

In today’s trade and economic landscape, trade finance disputes remain inevitable. The key is to ensure that they are dealt with in a cost-effective, swift and flexible manner. And, most important of all, they must be a friendly act

Hire tax relief professionals to abate IRS penalties

Many of us who has to deal with taxes or tax relief funds find dealing with IRS to be frustrating, time consuming and intimidating, leading to hiring of professionals like the tax attorneys or the tax resolution firms who would negotiate with IRS on their behalf.

Professional firms like the Omni Financial have the experience of providing the necessary tax reliefs to both individuals and businesses, resolving their tax problems at the state and federal level. These tax resolution professionals are usually experts who would cater to your need of IRS problem.

If you are wondering as to why hire them, the following are some of the reasons:

  • Increased costs: The greatest advantage that you can receive once you hire a professional like the Omni Financial Vero Beach is peace of mind related to the fact that the person does not have to bear any unnecessary risk both on the personal and financial front. Even if as an individual or a business, you fail to clear tax returns for years, the companies are trained to settle your IRS debt through increasing chances of resolving the back taxes. They also come up with a tax relief settlement wherein the individual or the business has to pay back only a fraction of what was originally owned.
  • Understanding various tax settlement options: Most of these professionals help in understanding the process for resolving tax debt so that a realistic expectation regarding the problem can be set. The IRS has very strict guidelines governing the eligibility for tax settlement which only the tax professionals are well aware of. This means that they are more than capable for resolving specific IRS problems also.
  • Every tax relief case is different: Professionals such as these understand that all tax relief requirements are specific and therefore they do not apply any one-size fits all approach. Firms such as these have extensive knowledge regarding that only they can provide. They also have exceptional record of accomplishment for tax relief success that would ensure that as an individual the case is safe.
  • Preventing future IRS issues: Once an individual or business hires a professional like Omni Financial they will not only help in resolving past IRS issues but also help in maintaining records of future transactions which would ensure that there are no future problems.
  • It is true that when a business needs a tax attorney, it is still a difficult decision especially when an individual is aware of their fees. However, what the business or individual should be aware is the fact that not hiring people from Omni Financial would actually prove to be inexpensive. When these IRS attorneys are hired, it would actually result in an affordable IRS payment plans and lesser tax penalties. When as an individual you owe money, the issue at stake is often more than just your balance sheet. Instead of being financially and personally crippled, it is best to hire professionals.

    Hiring Omni Financial can significantly improve your chances in securing offers regarding tax settlements. More than this, it can also help in achieving tax reliefs and abate future penalties.

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