Factoring News – October

Factoring News – October

How Factoring Enables a Growing Global Economy

Thanks to the Internet we now have a more robust global economy, and there are many businesses now seeking global opportunities. Global Internet business trends in technology indicate that many businesses are now looking into how they can expand globally. The United States ranks third overall in entrepreneurship compared to other countries, according to the Office of Advocacy in a report entitled Global Entrepreneurship and the United States by Zoltan J. Acs and Laszlo Szerb. –more-

SME Tax Breaks to Shrink in 2012

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If you are a small business, then your year end tax planning is more important than ever before. Sadly, there are two generous tax breaks that small business owners got during the recession that are going to shrink dramatically in 2012.  The changes include the deductions for purchases of equipment — the Section 179 deduction — a name taken from a provision of the Internal Revenue Code. The second one is called bonus depreciation.

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BANKS BRACE FOR DECLINING GROWTH

Banks are ready to start reporting their earnings this week, and with revenue expected to fall 4 percent in the third quarter, things are looking grim. According to data from experts, Trepp, the industry’s earnings are expected to be at the place they were  at in 2002. Small businesses have not been happy with traditional banks over the last few years, due to lack of support and few loans. In fact, this alone has helped drive businesses to alternative financial solutions such as invoice factoring.  –more

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The Interface Financial Group’s Annual Conference in the United Kingdom Focuses on the New Era of Invoice Factoring

BETHESDA, MD–(Marketwire – Oct 6, 2011) – The Interface Financial Group (IFG), North America’s largest alternative funding source for small business, announced today that the company held its first corporate regional conference in Birmingham, United Kingdom the week of September 26, 2011. IFG provides short-term financial resources, including invoice factoring, and serves clients in more than 30 industries in the United States, Canada, Singapore, Australia, New Zealand, UK and Ireland, and offers cross-border transaction facilities. –more

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Copyright 2011. The Interface Financial Group, Inc. (IFG) All Rights Reserved. For more information email: info@interfacefinancial.com  www.interfacefiancial.com

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