Buscar

Translate

No Payday Advance Should Ever Be Taken Lightly

By Harriet Porter


The advance payment is a payment made before it is executed the transaction (i. E. Before the commodity is delivered or the service to be performed). Typically, the payday advance shall be paid on the basis of a contract, annex or proform invoice.

The presence of a contract does not preclude the issuance of a proform invoice. A proforma invoice is not a tax document and its primary purpose is to cause the money to come sooner.It is something like "call" for payment. It has no financial terms, as is posting the payment. If the proform invoice be issued but not followed the payment, there is nothing to be posted, since the issue of proforma does not lead to the event.

In the event that the contributions have not been paid in payment of the remuneration, the interest for the delay starts to accrue from the date of payment of the remuneration. When wages are accrued but not paid, the insurer shall, at its own expense, the full amount of contributions by the end of the month in which the charging. From that moment begins to charge interest for the delay when the contributions are not imported.

All budgetary establishments without imported and accounted for municipalities of centralised social security contributions due. The amounts due to insurance payments are transferred from the central budget bills directly to the account of the National Social Security Institute. Contributions for workers abroad under an employment relationship with an employer are imported by the sending organisation to the 10th day of the month following the month to which they relate.

For persons working without employment, the contributions are payable upon payment of the agreed remuneration and shall be submitted by the sponsor of the treaty in the allotted by the act on account of the ratio the insurer and the insured person. Upon payment of the remuneration of the person will be charged the amount due by him a portion of the contribution. For these individuals, the time limit for submission of contributions to the State social insurance bills is up to the 10th day of the month following that to which they relate.

The self-employed pay insurance payments in person or through the insurance cases. Ongoing through the year they bring contributions to the 10th day of the month following that for which it is due. When these individuals are in temporary incapacitated for working, there is always help.

With the changes in the regulations governing the application of the measures in the rural development programme, in conjunction with the payment are introduced two key changes. The first is associated with an increase in the amount of the payment, the amount of 20% to 50% of the amount of the grants. The second change introduces a possibility for the amount of the loan, except with a bank guarantee, to be guaranteed by a guarantee.

With the Treaty of guarantee, at least two guarantors are required. The duration of the obligation under the treaty of guarantee should cover the duration of the contract. The contract of suretyship is terminated when it is established that the amount of the approved for payment costs, corresponding to the financial aid related to the investment exceeds the amount of the advance.




About the Author:



 
ITS ALL ABOUT Finance © 2012