When the Bank Says NO!. Kids Party Food.
Factoring has been practiced for centuries. The Romans sold promissory notes at a discount as did the Phoenicians. The word "factor" comes from Latin, the language of Rome. It means "to do" or "to make." The Pilgrim's journeys to America were financed by advances from a Factor who provided the funds to pay for the journey. The Pilgrims repaid the money with earnings from America. Factoring to this day is an extremely common business practice in Europe whereas many American business men have never heard of it.
Factoring is the selling of your accounts receivable for cash versus waiting 30-60 or 90 days to be paid by your customer. When you provide a Factoring company with copies of your invoices, the Factoring Company uses your invoices to make a loan to your company. It is a simple process and can be automated after the first transaction. Credit is not an issue when providing Accounts Receivable Loans or Financing. The Financial Companies looks at the credit history of the vendor not yours! This is exceptional good for small to medium size business that have been in business for less then two years.
My first experience with Factoring came when one of my Tax clients ending up with a sizable Tax liability one year. He ran a small Trucking company and had very few tax problems in the pass. However, because of a sudden burst in growth he was doing 2 to 3 times more business in the last half of the year. Because he did not have sufficient tax write offs, his tax liability really hit hard. He was actually having serious cash flow problems because of unplanned growth!
We talked about the situation, his taxes were completed and because he had rented a couple of trucks to keep up with the work load, we were able to use the rental cost as a write off. But there was still the self-employment tax and there was no doubt he had an increase in business income.
I didn't say anything, but I was worried about his payment for the Tax preparation. I knew he was having cash flow problems and the tax bill did not help. Then he told me about the $30,000 worth of Invoices. Because the invoices had not been paid they were not included in his income for that year so I had no idea that he had invoices in that amount. In fact the invoices where crumbles up and scattered over his desk.
I went on the Internet and started to research "invoices". I had never really understood Factoring before that time, but I had heard of it. We did not factor my client's Invoices because he called the company he worked with, explained the situation and they paid him 50% of the Invoice immediately and the balance shortly after.
I had already researched "Factoring" or Accounts Receivable Financing and being a Tax person I was always looking for ways to help my clients pay their taxes as soon as possible, especially if they owed employee taxes.
I put an ad online and within days a CPA called. He had a client who imported culinary products from overseas. They needed to factor a fairly large invoice. I called one of the Factoring Companies explained the situation. The Factoring Company arranged for his company to do a Purchase Order from his supplier overseas. Once the Purchase Order was in place, we factored the Invoice. The client received over 90% of the Invoice amount within days. He then went on to repeat the deal 3 or 4 more times!
Purchase Order Funding is slightly harder to get then Accounts Receivable Financing, however, PO Funding is very helpful for Business who makes large purchases and resells to a third party. For more information on Purchase Order Funding and the advantages of Factoring go to http://www/taxeswilltravel.com
Cassandra Ingraham is a Licensed Tax Practitioner in the state of California. Her Tax Business specializes in Taxes, 100% financing for Credit Problem Clients (in 45 States) and Invoice Factoring. You can find more information at http://www.taxeswilltravel.com
Article Source: http://EzineArticles.com/
You
may be a gourmet cook and love to cook but my advice would be to keep the party food simple. Many a time I have spent worrying and slaving over recipe books up till midnight but when the day comes, only half of it is eaten.
You should have some party food but food is a lower priority for the kids than playing games, friends getting together and simply having fun. Teenagers are an exception, as teenage boys especially seem to have a voracious appetite so make PLENTY of it.
Remember a lot of kids are fussy eaters, even if your child is not, so err on the side of caution. Concentrate on child friendly and fun party foods. Let your standards slip for once, but do bear in mind that too much sugary foods and drinks can cause very hyperactive children.
Tips for perfect party food planning:
* Plan ahead.
The time of day for the party will influence the type of party food that you may want to provide. If you are going for mid morning or mid afternoon, snacks will be fine. Think about how much you and the kids would normally eat around that time of day. Plan how many kids are coming and allow 3-4 different savoury plus 2-3 sweet party food choices as well as the cake. Don't forget that some kids have ALLERGIES especially to nuts, but in general their parents should inform you of this before hand.
Prepare as much party food as you can in advance. Make use of your freezer if you have one, as you really won't want to be doing much cooking on the day. Leave yourself time to be having fun with the kids.
* What party food should you have? Discuss with your child what party food she/he would like and allow treats to make the day feel special.
If you are having a theme party this may well dictate the sort of food that you might choose. Finger foods, especially for the under 7's, are much more child friendly and practical than a child balancing a plate of food on their laps. Younger kids are also likely to eat more if they can come and go to the food table.
* Allow 2-3 drinks per child although that will change according to the weather and how boisterous the activities are. Make sure that disposable cups aren't too flimsy, as with little kids paper cups tend to get a bit soggy round the lip and thin plastic ones tend to get crushed by little hands. The same applies to paper plates. I always write names on each cup and plate (or stick pictures on) to save mixing them up as the kids always forget which one is theirs.
Party Food Boxes are a great and fun alternative and are much easier for the younger kids to use.
* To bake or not to bake.
Ask yourself how much time you have, how good are your cooking skills and what is your budget. I tend to do a mixture of both shop bought and homemade party food. I must admit that shop bought party food often works out cheaper if you buy the shops own brand and in bulk and obviously saves a huge amount of time and energy. Buy foodstuffs that have a long shelf life or are freezable so then there is less wastage. Or you could do a mix such as buying a packet biscuit/cake mix and decorating the goodies yourself. Your child will love to help I'm sure!
* Where you are going to set up the party food table and where do you want the kids to eat?
Remember, if it's a buffet the guests will need somewhere to sit. We often lay down a big mat which all the kids sit on and have a sort of indoor picnic if it's too wet/cold to be outdoors.
* Will some of the parents be staying for the party? I don't usually cater specially for the adults but if you have the time it's nice sometimes to prepare one party food item that is more adult appropriate although adults still like crisps and popcorn!
* At the end of the party you won't feel like cooking for the family so make sure that you have something ready cooked in the freezer.
If you would like some really easy party recipes that always go down well with the kids, take a look at kids-partycabin.com. You will also find lots of ideas for kids party themes and games to ensure that you have a great party.
Nicole is the mother of 3 children and the author of kids-partycabin.com. Kids Party Cabin came about as Nicole realised that busy parents were often in need of a place to go for advice, ideas and resources to help them plan a kids party.
Kids Party Cabin does just that - party themes, party food, games, decorations, entertainment directory and lots of great resources.
Article Source: http://EzineArticles.com/
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