Tuesday, March 29, 2011

This Credit Report Makes No Sense.

At RSI we work with lots of small businesses and property owners and the one question were asked most often is how to read credit. If you need a credit report we can provide you with one. We can also walk you through the credit report over the phone or provide you with a cheat sheet. But what if you didn’t have to analyze the credit? What if you setup specific standards and the credit was matched up to pass or fail those standards?

If that sounds interesting to you, I would recommend talking to someone at our office about Insta-Chek. Rental Services has offered a scoring model for several years with great results. You set credit standards for your applicant. If they meet the criteria we give you a pass recommendation. If they don’t meet your standards we issue a fail recommendation. Insta-Chek can also be setup with a conditional recommendation to give you additional flexibility in screening credit.

The benefits of Insta-Chek are straight forward. No more trying to decipher credit reports. Each applicant is held to the same standards. No more worries about Fair Housing violations. You never run the risk of sensitive credit information falling into the wrong hands.

Remember, at RSI you have options.

Tuesday, March 1, 2011

Repeal the Expanded Form 1099 Reporting

On Thursday, March 3, the U.S. House of Representatives is expected to vote on the Small Business Paperwork Mandate Elimination Act of 2011 (H.R. 4), which would repeal the expanded IRS Form 1099 reporting requirement.

Under current law, businesses will have to prepare and file 1099 forms for each vendor to which they pay more than $600 during a calendar year, beginning with payments made in 2012.

As members of the U.S. House prepare to vote on this bill, they need to hear from YOU! Tell them to repeal this burdensome tax reporting requirement and vote YES on H.R. 4.