The Cheque Cashing Industry Explained

Cheque cashing is a service widely available in the UK where a bearer of a 3rd party cheque can get instant cash with ease without going through the hassle of conventional banking. In UK, this industry is regulated by Her Majesty's Revenue and Customs (HMRC) as a Money service business and by the Office of fair trading (OFT) when money in advance services are provided along with the cheque cashing.

Benefits of a cheque cashing service

Many wonder what benefits are offered by cheque cashers in today's day and age where high street banks are widely available throughout the country. There are some key reasons and benefits of this service.

Money Myth No.2: The Ultimate Goal Is More Money

The ultimate goal is not more money; the ultimate goal is more influence. Money is just one of the ways for us to get to a place of influence. Money is simply the vehicle - an important one, yes - but a vehicle nonetheless, not the destination itself. The goal is to use the wealth we gain to increase purchasing power, so that we may effectively impact and change the lives of those with whom we come into contact.

The Bible says "money answers all things". (Eccl 10:19) It answers problems. It provides solutions to things that plague our world. So, what you're after is the solution, not the money! Why is that important? It's important because it encourages us to spend our lives looking for problems to solve. Don't wake up every morning chasing dollars. Wake up every morning with the desire to uncover problems! Ask God to show you where you can be of help, where you can be of service. How you can make a difference? When you do that, then you are motivated to earn more money, motivated to create, to take action, to do what's necessary to gain wealth because you have a higher purpose for it.

Money Myth No.3: There's Power In Money

Money is a tool we use - so it has purpose, but it has no power. YOU have the power! Money can't control you unless you give your power over to it. Money can't stress you, or overwhelm you, or frustrate you, or anger you, or depress you, unless you give it the power to do so. If money is controlling your life - the desire for it, the need for it, the lack of it, whatever - I encourage you to take your power back.

How? Tap into the power of Christ that lies within you. Everything is subject to the name and the authority of Christ. Everything. Money has to submit to the authority of Christ. And that authority is within you! So, money is subject to you - through Christ. This is not some kind of weird, magic power. The word of God says in Matt 16:19 that you have the keys to the kingdom of heaven and "whatever you bind on earth will be bound in heaven, and whatever you loose on earth will be loosed in heaven." If you lack money, loose it! You can speak to it and command it to come. 

Money Myth No4: Your Increase Has to Come Through Your Job or Business

It's true, 2Thess3:10 does say that "If a man will not work, he shall not eat." So, yes, you have to keep working for God to bless your efforts, but that blessing can come from anywhere. Money doesn't always have to come through your work!

God says this in Is45:3: "I will give you the treasures of darkness, riches stored in secret places, so that you may know that I am the LORD, the God of Israel, who summons you by name."

There are riches stored in secret places! Riches you aren't even aware of, treasures hidden in dark places! It's amazing how God moves - He can use people to bless you, people you never expected to come your way! He can use anything and anyone - related or completely unrelated to your work. In other words, you don't have to just rely on next week's paycheck, the blessing may come before then, and it may come from an unexpected giver. 

Money Myth No1: It's How Much You Keep

Have you ever heard it said, "It's not how much you make, it's how much you keep"? I hear people say it all the time - especially bankers, financial planners and counselors. I disagree, though. It's not how much you make or how much you keep, it's how you use what you have.

The most important lesson I've learned about money is this: respect God's provision. God is expecting you to honor Him and all He's given you. He has given you the power to acquire wealth, and like anything else, if you are careless with that wealth, and choose not to respect it, He will allow it to be taken from you, or "devoured" by the enemy. (Mal 3:11)

So, here's how you honor and respect God's provision:

Why You Need To Understand Bank Exchange Rates

In an increasingly global market place, particularly in Australia where the bulk of goods we consume come from overseas imports it has become important to understand Bank Exchange Rates and how they are calculated.

The strong Aussie dollar - near record highs - has seen the majority of Australians now buying their goods from overseas usually over the internet. The reason for this is usually two fold and comes down to ease and more competitive prices. Personally, I have traveled the world and have seen the prices paid for basic and non basic items and became somewhat disillusioned with the poor service and prices we receive in outlets across Australia. Without harping on too much, it is important to understand how the bank's come up with this rate and what you can do to achieve the best possible rate.

Gross Margin

If we want to find gross income, we have to minus cost of sales from net revenues. This will show how efficient the company is able to manufacture one unit of product depending on its value in the market. This difference includes only variable cost of the product and shows how big the markup is put on the products cost price. This gross margin is distributed to other segments of the business - administration and other costs that are fixed and other purposes - like research and development, new inventory or equipment.

If the company is commercial, the gross margin is depending on the type of sector, but it mostly depends on the type of product. Usually the gross margin for such companies is lower than for manufacturing companies, because it is thought that it is cheaper to produce the product rather than to buy it from someone else and resell it. Here will be two examples to explain this.

Decreasing the Risk of Fraud in the Decisioning Process

Financial institutions (FIs) are trying to cut costs to remain profitable in the ever-changing marketplace. Some FIs have even tried imposing new fees to recoup costs and increase revenue, but consumers didn't accept them. One way that FIs can cut costs is to reduce fraud-this will not only reduce the FI's losses, but protect their customers. Fraud prevention starts with the decisioning process. FIs should look at new and emerging alternative data sources, incorporating them into business logic, and test new logic to ensure that fraud prevention goals are being met.

FIs must use the vast amount of data available to them through data providers to make their processes more intelligent. Alternative credit data providers aggregate consumer information that can't be found in a traditional credit file. This information includes: rental history, utility and cell phone bill payments, payday lender information, and criminal history. 

Check Out My New Watch

For some strange coincident, the colleagues that I'm working with right now appear to be into watches. So they wear these fabulous gleaming chronometers on their wrists while I try to hide my Casio behind my back. Fortunately, they were also kind enough to educate me - a persona non-grata when it comes to luxurious goods - about the finer points of watches. As a guy who treats watches purely as a device to tell time, and even then I wear them only when I really have to, I'm not exactly big on watches.

"So how do you keep track of the time if you don't wear a watch?" One of them asked me, after seeing nothing on my wrists. He was probably perplexed as I am always on time for all appointments.

"I don't need to wear a watch," I told him. "If I need to check the time, I can always refer to my handset."

"But what happens if you forget to bring your handset?"

Instructions on Accomplishing IRS Form 2290

The law requires business operators and owners to complete and accomplish an IRS form 2290 regularly. Regular filing is important to prevent any legal problems. This is also vital if you operate using highway motor vehicles specifically around 55,000 pounds in weight or more. File this IRS form for several reasons: imposed limit on exceeding mileage and tax compensation for vehicle complete with suspension statement. File the form to raise the gross weight you can load on the vehicle as well. The government requires operators and owners to submit 2290 if you think you will only use the vehicle for 5,000 or below. Whichever reason you have for filing, you need to follow several procedures.

To begin filing, obtain a form 2290 first. Learn the required information. Get the following: your employer identification or EIN, taxable gross weight of the vehicle and the vehicle identification number. The taxable gross weight will depend on the category or classification of the vehicle.