Credit Card Processing: Why An Advisor Is Critical To Your Success

As business owners and merchants can attest, accepting Visa, MasterCard credit cards and Interac debit from their customers is a necessity in today's marketplace. This definite need has produced a very competitive environment for credit/debit processing companies, and one would think with all the choices available to business owners that processors would put a priority on customer retention.

One would think...

The exact opposite is the case. Customer acquisition is far and away the focus of the industry, to an extent that it is a huge detriment to merchants. I make my living in this industry and I'm constantly made dizzy by the tactics companies employ to acquire new business, and the appalling levels of service employed to keep them!

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.

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. 

Invoice Scanning and Data Capture

Invoice scanning and data capture can be a cost saving solution for businesses. In the current financial climate, we're all looking for ways to reduce costs, so here's a few facts about how scanning your invoices can save your organisation money.

You may not have thought about the cost of processing invoices before, but it can cost up to £20 just to process one invoice. You may have multiple departments entering the same data into different spreadsheets and systems for their own budgeting purposes.

Businesses process hundreds or thousands of invoices and financial documents on a monthly basis, spending extensive time on manual data entry and processing. In large organisations invoices often get lost and can be sent to multiple departments to resolve, if no purchase order is provided.