The Rotary Club of Franklin presents RiverFest 2 :: Saturday, August 29 from 8:30am - 12:30pm along the Little Tennessee River :: click here for more information!

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Features Business & Finance

If you’ve got an idea for starting a business, Southwestern Community College’s Small Business Center is offering a series custom-designed to help guide you through the process of making your dream a reality.

The REAL Business Plan series of eight free sessions will show you how to determine the feasibility of a business idea, analyze and develop marketing strategies, consider important operational issues and become more familiar with business financials.

“Our entire goal in putting this series together is to help equip aspiring entrepreneurs with the tools and knowledge they need to be successful,” said Tiffany Henry, director of SCC’s Small Business Center.

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In preparation for the 2015 tax filing season, the U.S. Department of Health and Human Services has released a fact sheet detailing information North Carolina tax filers need to know as they prepare to file their federal returns.

This tax season marks the first time individuals and families in North Carolina will be asked to provide basic information regarding their health insurance on their tax returns. Consumers will have questions about this new process and the Administration is committed to providing the information and tools tax filers need to understand the new requirements.

In the coming weeks, the administration will provide additional resources to help consumers prepare for tax filing season, including online tools to help individuals connect with local tax preparation services and determine if they are eligible for an exemption.

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Store saw a three percent increase in sales in 2014.

During the first meeting of the new year, Franklin's Town Board of Aldermen received a report from ABC Store Manager Todd Mason regarding the store's 2014 operations year.

Mason reported to aldermen that the Franklin ABC store experienced a three percent increase in sales in 2014. Mason attributed the businesses' success to a knowledgeable staff and a clean and open store. He also noted that for the 20th consecutive year, the ABC store received a clean financial audit.

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Over the last decade, reverse mortgages have been marketed as an easy way for seniors to cash in their home equity to pay for living expenses. However, many have learned that improper use of the product – such as pulling all their cash out at one time to pay bills – has led to significant financial problems later, including foreclosure.

In actuality, there are some cases where reverse mortgages can be helpful to borrowers. However, it is imperative to do extensive research on these products before you sign.

Reverse mortgages are special kinds of home loans that let borrowers convert some of their home equity into cash. They come in three varieties: single-purpose reverse mortgages, Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages.

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