Success Rate Valued Over Price When Choosing A Debt Collection Agency
by Takara Alexis
The latest "Global Collections Review" survey, lets us see a new trend amongst businesses when selecting a debt collections agency. Unlike in the past year, companies put more attention on the agencies' success rate, less the cost.
This craze can be seen amongst many major European countries and reveals a mindshift in European businesses seeking support from external agencies when collecting outstanding debt. The success rate of a debt collections agency easily allows comparison between collection agencies' performance. The success rate is defined as the value of collected payments of the total debt received and expressed as a percentage. The total excludes insolvencies and withdrawals.
Successful debt collections and establishing solvency is essential to business. The study has made clear that the choice of a collection agency is made based on its quality, meaning its performance and ability to succeed in collecting, and not price.
The ability of external debt collection agencies to deliver results is the key factor for businesses to employ a debt collections agency.
With the economy picking up and staff busy focusing on incoming business, collecting debt can again be seen as a task that is more frequently handed over to external agencies.
Leader in usage of external debt collections agencies is the Netherlands where 65% of the surveyed businesses have used this service and is much higher than in countries, such as Spain which remains at a low 20%.
Broken down by sectors, companies operating in the financial services sector seem to use a debt collections agency more often while in the other sectors, such as manufacturing, wholesale and retail trade and distribution, services, companies have a preference towards collecting internally.
Overall, European attitudes relating to the choices of debt collection agencies were incredibly similar, which indicates that the requirements, expectations and high standards demanded of agencies are constant factors irrespective of business size, type or location.
Rapid Recovery Solution is an attorney based collections agency specializing in debt recovery. Our collection agency attorney works non-stop along with our many experts at Rapid Recovery to quickly collect your money. Contact RRS for more information or request your FREE quote today!
Showing posts with label debt collections. Show all posts
Showing posts with label debt collections. Show all posts
Wednesday, June 1, 2011
Monday, May 23, 2011
Estate Planning: Gifting
Estate Planning: Gifting
by Takara Alexis
If you're like most Americans, you like to give gifts nearly as much as you like to receive them. Luckily, if you're serious about estate planning there is a helpful technique called gifting that can potentially save your family, friends and heirs a lot of cash on estate taxes in the future.
Gifting is exactly what it sounds like: a gift. It's a gift that can be given to a spouse, a family member or a friend. It's a technique that has been used commonly by people to reduce the value of their estate and can be done in different ways.
Every person in the U.S. can give assets or property of up to $12,000 a year. That amount applies to each individual they gift to. This gift can be given to pretty much anyone without paying any gift taxes, as long as the amount gifted stays under the limit. You are able to give gifts, tax-free, to as many people as you wish. You can also gift an unlimited amount of property to charity and your spouse.
By law, you can gift a spouse unlimited amounts of property each year without paying any taxes. This isn't something that is suggested however, because it just moves the larger estate burden onto your spouse. One helpful technique is to team up with your spouse and gift to specific individuals, such as children and grandchildren. When you and a spouse get together and gift, which the IRS has termed "gift splitting," you can give up to $24,000 to each individual without paying any gift tax. This allows you to quickly reduce your estate by a large amount.
Gifting is also a really good way to give assets to your family that will end up appreciating in value. That way, you not only reduce the amount that may be taxed in your estate, but you lower the amount that your asset would have grown to by the time you passed away.
While estate planning is often put off because of the uncomfortable topic of death, it may be one of the most important financial planning tools available. It might also be one of the most crucial ways to save your family from heartache. In the end, gifting allows you to take advantage of tax savings and choose the way you want to be remembered, which is truly a gift that will keep on giving.
by Takara Alexis
If you're like most Americans, you like to give gifts nearly as much as you like to receive them. Luckily, if you're serious about estate planning there is a helpful technique called gifting that can potentially save your family, friends and heirs a lot of cash on estate taxes in the future.
Gifting is exactly what it sounds like: a gift. It's a gift that can be given to a spouse, a family member or a friend. It's a technique that has been used commonly by people to reduce the value of their estate and can be done in different ways.
Every person in the U.S. can give assets or property of up to $12,000 a year. That amount applies to each individual they gift to. This gift can be given to pretty much anyone without paying any gift taxes, as long as the amount gifted stays under the limit. You are able to give gifts, tax-free, to as many people as you wish. You can also gift an unlimited amount of property to charity and your spouse.
By law, you can gift a spouse unlimited amounts of property each year without paying any taxes. This isn't something that is suggested however, because it just moves the larger estate burden onto your spouse. One helpful technique is to team up with your spouse and gift to specific individuals, such as children and grandchildren. When you and a spouse get together and gift, which the IRS has termed "gift splitting," you can give up to $24,000 to each individual without paying any gift tax. This allows you to quickly reduce your estate by a large amount.
Gifting is also a really good way to give assets to your family that will end up appreciating in value. That way, you not only reduce the amount that may be taxed in your estate, but you lower the amount that your asset would have grown to by the time you passed away.
While estate planning is often put off because of the uncomfortable topic of death, it may be one of the most important financial planning tools available. It might also be one of the most crucial ways to save your family from heartache. In the end, gifting allows you to take advantage of tax savings and choose the way you want to be remembered, which is truly a gift that will keep on giving.
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