All posts by eliassoncapital

You Had a Great Year….And Now The Tax Bill To Prove It!

tax

You had a great year! But paying taxes is one of the consequences of making money. A large tax bill can be a true measure of success, however it can also be very difficult to plan for. With April 15th just around the corner, Eliasson Capital can help.

You are successful, intelligent and diligent, so you know you have options. Your best option is Eliasson Capital. We are discreet, easy to do business with and quick. Unlike a traditional bank loan, Eliasson does not require an extensive, invasive application process. You can have the money to pay your tax bill in as little as 24 hours. And, because of our low rates, you can borrow $25,000 for as little as $500 per month.

Your success deserves to be rewarded! Let Eliasson keep you on a successful path so you do not have to divert your resources from your pleasures just to pay Uncle Sam. Plan your vacation, join the country club, rent the summer house…you earned it! We’re just here to help.

FRONT LOADING YOUR RETIREMENT PLAN CONTRIBUTION

For most professionals, like physicians or dentists who fund their retirement through a 401(k), profit sharing or defined benefit plan, the earlier in the year you contribute to your retirement the greater chance you have to benefit from additional months of compounded tax-deferred growth.

It’s a question of lump sum investing versus dollar cost averaging and in most years, lump sum investing wins. Under ideal circumstances, lump sum investing works well if you can buy into the market at the point of the year when stocks are the cheapest. The problem is that we can’t know when that’s going to be. The market goes up in the long term, so in theory at least, the earlier you get into the market the better. And of course, you want to take advantage of both tax deferral and of compounding of investment returns as early in the calendar year as possible.

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Historically, the stock market performs best during the 6-month stretch from November to April. If you dollar cost average the majority of your contributions are missing out on what are typically the best months of the year. Contributing as early in the year as possible better positions your portfolio to capture these market gains.

Investors who can’t come up with the cash to front-load their contribution might consider a loan from Eliasson Capital. Using the proceeds of a loan to front-load your yearly contribution and then paying the loan off over the course of the year will allow investors to participate in market returns early and still receive the full tax deferral advantages of investing in a qualified retirement account.

Collateral Loans for Dentists

Dental heath assistant and patient.

There are many reasons a dental practices needs working capital fast, whether its emergency cash to meet payroll, a patient delays payment, unexpected equipment breakdowns, a special opportunity that requires cash down or a bridge loan until a long-term bank loan closes.

A growing means of raising working capital quickly, personal asset loans are helping dentists get the short-term loans they need to make their practice successful.

These new alternative financial products can be obtained from online lenders who will allow you to use your personal luxury assets as collateral for loans. They are proving to be quite popular among dentists looking to take advantage of special offers and unexpected opportunities to grow their dental practice.

Luxury Assets for Personal Asset Loans

The items must have high value and must be stored in our secure storage location.

  • Gold and diamond jewelry
  • Luxury watches such as Rolex, Breitling, Piaget
  • Classic and high end luxury vehicles (NOTE: We must take possession of the collections.)
  • Fine Art

Bad Items for Personal Asset Loans

  • Real Estate: It’s not allowed by law to use real estate as collateral for a Personal Asset Loan
  • Computers and electronics: Their value declines very quickly due to technical obsolescence

 

Advantages to Personal Asset Loans

  • Speed: The whole transaction can take place in as little as 24 hours
  • Does not Affect your credit-No credit checks or lengthy loan applications
  • No personal guarantee: Your asset fully supports the loan as collateral

Is Your Art Worth Something?: A Quick Guide

fineartappraisal

Appraising is an art, not a science, and market trends can quickly cause fluctuations in prices. While most people hire an appraisal expert in order to arrive at a dollar value, it’s possible to figure out if your art is valuable or not.

Is it a One of A Kind?

Original art is worth more than prints or lithographs.

Many prints can seem original but here are a few tricks to tell the difference:

  • Look for brush strokes. Real paintings will have real brushstrokes. The brushstrokes will vary in size and texture.
  • Hold the painting up to the light and look at it from the BACK. You should be able to see variations in the light coming through the back of the canvas. This is because artists use varying degrees of heaviness of paint in certain areas. A lithograph on canvas will not have these variations.
  • A real painting will almost always be signed by the artist in the lower right hand corner. The artist’s signature should have a dimension to it if it is signed with real paint.

Is the Artist Well Known?

Artists generally fall into three categories of renown: well-known, up-and-coming, and unknown. Artists who are well-known and have a rich history of collection can almost always command more value more than artists who are unknown.

Does the Painting Itself Have History?

Find out if the piece of art has ever been owned by someone renowned. Barring the artist themselves, works of art that were formerly owned by someone famous or well-known can command much higher prices than those pieces who don’t.

Condition

An item that is ripped, water-damaged, discolored, or otherwise damaged can return significantly less than an item that is in perfect shape. Note that an item that isn’t technically damaged but isn’t as vibrant as it was when first completed will qualify as having a “condition issue.”

If you think your art may be worth something you should contact a certified art appraiser to help you put an exact value on your art. The fine art market is very volatile so don’t trust that a painting worth a certain amount in 1990 will hold the same value as today.

 

Asset Based Loans During Tax Season

Tax calculator pen and glasses

Tax season is here so what are you supposed to do if you find yourself with a hefty tax bill? Liquidity is important for both businesses and individual and for those who have their wealth tied up there are options that are less expensive and more private than a loan.

 

For individuals personal Asset Lending allows you to use assets like cars, equipment, and jewelry to get working capital for your business. Loans against art and other valuables can also be used as collateral.

You can unlock the hidden potential of items such as

  • High End Sports Cars
  • Luxury Watches
  • Fine Art
  • Fine Jewelry

Qualifying for a collateral based financing program is easier than qualifying for a bank loan or line of credit. If you have an asset or object of value you can borrow against it. It’s that simple.

All transactions are private, secure and will not affect your credit.

Your valuables are kept in a climate controlled location in a secure facility that utilizes some of the most advanced security technology available. Once the loan is paid off your assets will be returned to you. Most small businesses do not have extra assets or equipment just laying around. In cases like that a merchant cash advance can be a beneficial and flexible option to obtain working capital needed to grow.

 

For businesses, a merchant cash advance, more commonly referred to as an MCA can help you come up with money for the tax man quickly. An MCA is simply a purchase of future credit card sales.

More flexible than a bank loan,  an MCA is based on percentages of sales allowing leeway during a time when sales are low.

Merchant Cash Advances are also easier to come by than a bank loan. The application process is much shorter and a business can have their money in as little as twenty four hours.

 

Collateral Loans After the Holidays

asset based lenders are better option for working capital

After a whirlwind of spending during the holidays and a few weeks before your tax returns come in, your bank account may be hurting a bit for cash in the beginning weeks of the new year. So what happens when the deal of a lifetime comes up, or conversely what happens when disaster strikes and the boiler decides to break down?

Finding the working capital you need in a crunch doesn’t have to be a scramble to the bank. Collateral based loans are a quick and cost effective way to get cash without having to affect your credit.

A collateral loan allows you to use assets like cars, equipment, and jewelry to get working capital in as little as 24 hours. Loans against art and other valuables can also be used as collateral.

Eliasson Capital makes it possible for individuals to leverage luxury items like cars, fine art, jewelry and designer watches as collateral for a low interest loan in a fraction of the time it takes to process a formal bank loan, with absolute privacy.

Your collateral is kept in their state of the art, secure storage facility while the loan is being settled.

Asset based lending is becoming a more popular option than typical bank loans. If you are interested in a collateral loan through Eliasson Capital call us at (516) 282-7900.

 

How Much is Your Jewelry Worth?

 

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There are many times when we come across old jewelry, whether it is inherited from grandma or just a cool find at a yard sale. Not all antique jewelry is treated the same. While some costume jewelry pieces may be worth as much, if not more than some of their fine jewelry counter parts, fine jewelry retains the value of the metal and stones they are made of. So how does one determine if a piece of jewelry is worth a small fortune or should go into the junk drawer? Here is a handy guide for yourself.

 

Look for hallmarks

One of the first things you can do when you find acquire a new piece of jewelry is to look for hallmarks. One hallmark will generally tell us the metal content of a piece, and the other (if there is another) will tell us either the country of origin, designer or manufacturer. There are so many different hallmarks, but the fact that your jewelry has a hallmark at all is usually a good sign. These markings are usually located on the clasp of a necklace, the inside of a ring or bracelet, or the post of an earring. Unless the item is over 100 years old or the hallmark has worn off, all fine jewelry should have some type of hallmark.

Some Hallmarks to Look Out For

Common gold hallmarks

  • 18K
  • 14K
  • 10K
  • 750
  • 585
  • 375

Common platinum hallmarks

  • 950
  • PLATINUM
  • PLAT

Common silver hallmarks

  •  925
  • Silver
  • 800
  • Sterling

Some valuable fine jewelry hallmarks include: Tiffany & Co, Cartier, Tacori. Any of these hallmarks should be appraised for authenticity. Common costume jewelry hallmarks include: Sarah Coventry, AVON, & Trifari. These hallmarks indicate your jewelry is a piece of costume jewelry and is not very valuable. If your item looks antique and it doesn’t have a hallmark, get the item appraised. If your item looks new but does not have any hallmarks at all, your item is likely just costume jewelry.

 

Check the items weight

When determining the value of chains, the longer and heavier your gold or platinum jewelry is, generally the more valuable it is.  This goes double for chains and bangles. Gold and silver are heavier metals than their fake counterparts like brass and pewter. If you find a thicker gold chain that feels much lighter than a similar gold chain you have, the chain is likely fake or hollow gold. Fake chains feel fake. Solid gold jewelry is very smooth, heavy, and consistent throughout so if you have a gold colored chain that has a darker color or even a silvery color showing through on parts that see heavy wear, this is likely a gold plated chain and not very valuable. When solid gold or platinum jewelry wears down, the part showing through should still be the same color.

 

Step 3: Inspect the prongs

Some higher quality costume jewelry uses prongs just like in fine jewelry, but a lot of the stones are glued into place. If you have a cameo brooch that looks like it is glued into the setting with no prongs holding it in, this is likely costume jewelry and not valuable. Fine jewelry will be very finely crafted with each stone set in an intricate bezel or prong setting, with pearls being one of the only exceptions.

Don’t be so quick to throw away costume jewelry however, some vintage costume jewelry that has a lot of brilliant stones all set with prongs can be very valuable. These pieces can sometimes be as valuable as pieces of fine jewelry. It is important to be sure the piece is vintage, in good shape, and has a lot of brightly colored clean stones all set with prongs.

If you have fine jewelry lying around in a drawer or jewelry box, you can unlock its value and get the cash you can use for your next ski trip or on an amazing Christmas your kids will talk about for years to come. Call Eliasson Capital at 1 (516) 282-7900 for an appraisal today.

Your patients are expecting more, but how are you going to fund it?

dentist-bluffton-min

Going to the dentist used to be a strictly medical procedure. Whether it be for preventative maintenance, or to address a cavity, tooth damage, or the need for root canal, most dentists offered the same array of services. Now, though, the dental industry is growing and evolving at an extremely rapid pace, and so are the demands of the patients.

Dental patients have come to expect a more spa-like environment in their chosen dental office. They want more esthetic services, and a more modern look and feel for the experience. Even dental marketing has become more demanding, as a web savvy audience comes to expect slick advertising for every service, including dentistry.

According to the National Health Expenditures (http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/Downloads/Proj2011PDF.pdf) report released in 2012, dental spending by consumers is projected to increase at an average annual rate of 5% through 2021. In addition, a Dental Economics survey released in November 2012 indicates that patient volumes are finally reaching their prerecession numbers. In order to capture this market share, stay ahead of customer demand, and remain competitive in their neighborhoods, dental offices must invest in certain upgrades, inventory, new equipment, digital technology, or marketing campaigns.

But how is a high volume, but often cash-poor industry to pay for all of these upgrades and improvements?

According to DentistryIQ.com, “One of the best alternative finance options for dental offices is in the form of an unsecured loan or merchant cash advance (MCA). This type of financing offers businesses a lump sum payment in exchange for a share of future credit card sales. An MCA is a quick and flexible financing option that can provide solid businesses with necessary capital in a matter of days, not months like traditional lenders. Also, while banks require approximately five years in business, most MCAs will provide financing to businesses in operation for just one year.”

Eliasson Capital has a specific MCA program created specifically for dentists.

Eliasson Capital’s Merchant Cash Advances for Dentists program provides you with the cash you need immediately and the flexibility choose how you pay back the loan.

You may choose to extend your payments over time, for more liquidity, or pay the advance back early, to save on interest. The choice is yours, and their experience in the Dental industry means they know your business almost as well as you do.

When you’re ready to take your practice to the next level, rather than going through the traditional long processing times and high interest, consider utilizing an Eliasson Capital Merchant Cash Advance, and start attracting more customers today!

Using Personal Asset Loans for Your Small Business.

 

asset based lenders are better option for working capital

There are many reasons a small business needs working capital fast, whether its emergency cash to meet payroll, a customer delays payment, unexpected equipment breakdowns, an advantage or special opportunity that requires cash down or a bridge loan until a long-term bank loan closes.

A growing means of raising working capital quickly, personal asset loans are helping small businesses get the short-term loans they need to make their businesses successful.

These new alternative financial products can be obtained from online lenders who will allow you to use your personal luxury assets as collateral for loans. They are proving to be quite popular among nimble entrepreneurs looking to take advantage of special offers and unexpected opportunities to grow their businesses.

Luxury Assets for Personal Asset Loans

The items must have high value and must be stored in our secure storage location.

  • Gold and diamond jewelry
  • Luxury watches such as Rolex, Breitling, Piaget
  • Classic and high end luxury vehicles (NOTE: We must take possession of the collections.)
  • Fine Art

 

Bad Items for Personal Asset Loans

  • Real Estate: It’s not allowed by law to use real estate as collateral for a Personal Asset Loan
  • Cars and Trucks: We must take possession of the motor vehicles so you will not be able to use them while we have them in storage
  • Computers and electronics: Their value declines very quickly due to technical obsolescence

 

Advantages to Personal Asset Loans

  • Speed: The whole transaction can take place in as little as 24 hours
  • Does not Affect your credit-No credit checks or lengthy loan applications
  • No personal guarantee: Your asset fully supports the loan as collateral

Long-Term Car Storage

storage

Are you wondering if long-term car storage is a good option for your classic car? When the weather is no longer suitable for traveling in your antique, high end or classic car or if you’re planning to leave town for an extended period, you will want to keep your baby in a controlled environment.

You can protect your car from the cold winter months with long term storage. Long-term storage is also beneficial for people who go on lengthy vacations, own homes in other parts of the country, are in the military, or have multiple vehicles

Most classic car owners store their cars from October to April. While there are ways to store your car at home, The best place to store cars is inside climate controlled, secure locations that will protect them from the elements.

Before storing your vehicle, make sure it’s properly prepped by following the steps below. This will ensure your car comes out running — and looking — as well as it did before you stored it.

  • Clean It Up

It may seem counterintuitive to get the car washed when you’re putting it away for months, but it is an easy step and one that shouldn’t be overlooked. Water stains or bird droppings left on the car can damage the paint. Make sure to clean the wheels and undersides of the fenders to get rid of mud, grease or tar. For added protection, give the car a coat of wax.

  • Change the Oil

It is important to change the oil if you will be storing the vehicle for longer than 30 days. Used engine oil has contaminants that could damage the engine.

  • Top Off the Tank

This is another long-term car storage tip. Fill the tank with gas if you expect the car to be in storage for more than 30 days. This will prevent moisture from accumulating inside the fuel tank and keep the seals from drying out. You should also purchase a fuel stabilizer to prevent ethanol buildup and protect the engine from gum, varnish and rust.

  • Maintain Insurance

You might be tempted to cancel your auto insurance when your vehicle is in storage. Although that might initially save money, there is a chance that the insurance company will raise your rates due to the gap in coverage, which could cost you more in the long run.