3 Tips for Small Business Year End Tax Planning

In addition to setting financial goals to grow your business, you also need to manage your financial responsibilities. One is to make sure you have a strong year-end tax planning process. Failing to do this, the business will experience financial and legal consequences.

Small businesses face many big challenges. Some of them include:

Dependency on multiple clients
Maintain cash flow while paying a fee
Fatigue due to pressure and hard work
Dependence on business founders
Balances quality and growth
While this challenge delays business success, poor year-end tax planning can kill it. Read on to find out more.

Tip for Year End Tax Planning
Every small business owner must know the tax planning and reporting requirements. Businesses pay federal income tax, local taxes, sales taxes, and employment taxes. Any errors and Internal Revenue Service (IRS) will start breathing in your neck.

The IRS looks at fraudulent earnings reports, accounting irregularities, and incorrect deductions. It is a mistake to expose your business to fines, fines and fraud allegations.

Your goal should be:

To reduce your taxable income and tax rate
To take advantage of deduction and credit
Here are some tips to help your year-end tax planning:

Find the Right Tax Software
Tax software is an important part of your planning. It’s cost-effective and simplifies the process. Too:

Describe the information requirements in the tax code
Allows quick and secure tax filing
Accelerate refund acceptance
Ensuring tax and credit deductions
Remove errors and mathematical errors
Transfer federal tax information to state tax returns
Attract business data (eg payroll) from other software
If you use a taxation service bureau like UltimateTax, you also get access to support staff. They will help you solve software problems and answer your tax questions.

Having tax software gets you ready. People make the mistake of waiting until the tax season to collect their financial data. Get detailed reports on your financial transactions throughout the year.

Hire an Accountant or Tax Consultant
While the tax software completes some accountant functions, hiring someone is still a good decision. They prepare payroll data, assist in audits, review budgets and fees, collect financial information, and maintain financial software.

Like a tax consultant, accountants make sure your small business is taxable. He will calculate various taxes and propose an accurate return.

These professionals know how to get deductions for your business. Some examples include travel, car, equipment, and home reduction.

The other main function is to track credit changes and annual deductions. The role of your accountant is to make sure you get the maximum refund. They also recorded deadlines for submission of pieces and credit forms.

Decide whether you will delay revenue
Small businesses can postpone their income to reduce their tax obligations. They can use different options such as cash-based accounting and accrual accounting.

Cash-base involves sending late invoices to delay your earnings. As such, the money is not available for addition in tax returns. Accrual involves delays in products and services. That way, you will not be paid on time for the current year tax.

How Americans Can Get Their Recipes from Canada

How Americans Can Get Their Recipes from Canada

It’s no secret that the medical costs and the American recipes are getting out of reach.

Just last year, EpiPen, which treats sudden allergic reactions (including potentially fatal), jumped in overnight prices to $ 600.

Before that, Daraprim, a drug that helps people with AIDS, rises overnight by 5,000%.

And this happens even with the many drug choices that were not there twenty years ago.

Thanks to such a steep price increase, many Americans are now considering filling out their recipes at Canadian (or even online) pharmacies from Americans.

There are positive and disadvantageous side for patients seeking outside America for cheaper treatment:

Weakness of filling in Canadian pharmacies
The first problem is the general cost.

While Canadian medicines the price may be cheaper, there are shipping and handling fees to consider.

Sometimes, the cost of shipping and handling plus drugs actually makes it more expensive than if purchased at an American pharmacy.

Then there is the US dollar fluctuating versus the Canadian dollar value.

In general, $ 15 USD equals CAD $ 20, but that can change every day.

And, of course, the drugs purchased at a Canadian pharmacy will be sold in CAD.

Another problem is technically illegal.

By law, the Food and Drug Administration must approve all drugs manufactured and sold in the United States.

Drugs produced outside the United States are outside of its jurisdiction.

Plus, while most online pharmacies are proven to be legitimate, some are found to sell low-quality drugs.

The top fills the Canadian pharmacy
Fortunately, though, the drugs purchased in Canada as a whole are much cheaper than those bought in America.

For example, let’s take the drug Copaxone, which commonly treats multiple sclerosis.

A one-month supply in Canada can be as low as $ 1200, but in the US it costs at least $ 4,500.

That’s because the Canadian government controls the price of drugs sold in its pharmacies.

This arranges costs so that pharmacies and companies can not charge whatever they want. Thus, the price must remain within a certain range.

In America, there is no regulation on the price of drugs, which is why an outrageous price increase is allowed.

Pharmacies and companies can charge whatever they want. It spelled bad news for the patient’s bank account.

So really, it’s not hard to see why American patients shop outside their home country for better prices (and in some cases, affordable) as per their recipes.

While technically illegal, the FDA is not quick to prosecute those who fill their prescriptions at Canadian pharmacies.

In general, they sometimes ignore the import of drugs from Canada, as long as the drug is used alone and the patient only has a supply for three months.

There is also an inter-state movement to allow residents to buy drugs from government-approved non-government pharmacies.

This movement is called the “I-SaveRx” program. Countries that have approved the program include Kansas, Missouri, Wisconsin, and Illinois.

Given the movement toward more options available outside the United States, it is best to consider all the options on the table while filling the recipe.

What is Entrepreneurship Like

What is Entrepreneurship Like

In discussing entrepreneurship and writing articles on the subject, I have found that it aids understanding when we begin by agreeing on exactly what the word means to us.
Here is a Collection of “POWER TOOLS FOR ENTREPRENEURS” – Click Here!

 

Entrepreneurship is the process of creating or seizing an opportunity, and pursuing it regardless of the resources currently controlled. The American Heritage Dictionary defines an entrepreneur to be a person who organizes, operates, and assumes the risk for business ventures.”

These are rather abstract concepts for a person just beginning to consider whether they ought to start a business rather than take a job, or leave a secure job for a chance at greater self-fulfillment. Let us try to refine our understanding of entrepreneurship by asking some more specific questions.

Is everyone who runs a business an entrepreneur? Many would not consider the newspaper carrier, shoeshine person, and grass cutter entrepreneurs, though these are often the youthful pursuits of those with an entrepreneurial bent.

Does it matter whether the business is merely part-time? Whereas some part-time activities are basically hobbies, or undertaken to supplement income, some entrepreneurial ventures can be tested in the marketplace on a part-time basis.

The path to an entrepreneurial venture might begin by earning a salary in the business one expects to enter, while learning more about it, and waiting for the opportune time to go out on one’s own. This time can be used to develop a support network, professional and personal, and generating ideas to bounce off people whose opinion one respects.

At what scope does self-employment become a venture? The primary objective of many self-employed people is merely to employ themselves (and others if necessary) at a moderate to good salary; some are even willing to eke out a living to do what they enjoy. This approach is often referred to as a lifestyle business, and is generally accompanied by little, if any, plan for growth.

These questions are intended, not to develop a precise definition of entrepreneurship, but to help us understand our attitude toward its many forms of expression. We may each answer these questions differently, yet all answer appropriately within our own frame of reference.

Entrepreneurship is more an attitude than a skill or a profession. Some of us may prefer a corporate or public service career path, but many would choose an entrepreneurial opportunity that feels right.

Would you consider a person who inherits a business an entrepreneur? From the point of inheritance on, it is their own money and financial security at risk. They could possibly sell the business, invest the proceeds in blue-chip stocks, and live off dividends. Some might consider managing a personal stock portfolio for a living as an entrepreneurial venture.

Would a person who inherited a small or marginal business, then took it to new dimensions be considered an entrepreneur? The inheritor could have tried merely to keep it going, or even to pace the business decline to just carry them to retirement. In a family-held business, long-term success is often a central goal.

Are franchise owners entrepreneurs? Many feel that, for those who have access to the large up-front investment, franchises are sure things. For many, operating a franchise is similar to investing in blue chips, a relatively sure thing with generally unexciting returns.

5 Tips on Choosing the Best Crowdfunding Platform

Crowdfunding is growing faster than venture capital with an estimated spending of $ 34 billion by 2015.

How do you choose among the 2,000 crowdfunding platforms available around the world? We share 5 tips to choose the best crowdfunding platform.

Crowdfunding is a way of raising money for a project through a large number of people. This changes the traditional funding model by letting you connect with new supporters online.

Certain choices may be better for you. It depends on whether you help the cause you support, the entrepreneur who funded the business or started the business, or the musician raises money for the recording costs.

You should involve your private network no matter what method you use. But investors on certain sites are looking for some kind of project.

Usually, the site focuses on charitable giving, creative projects, or business ventures. Access to the new investor can definitely increase the value of your campaign.

Here are 5 things to look for when choosing crowdfunding platform:

Easy to use
If you are an individual raising money for your half marathon to support charitable activities, you should contact your private network. That means, friends, family, and others who support grassroots or certain causes.

You are looking for a platform that is easy to set up, easy for others to contribute money, and it can track many projects.

Crowdrise categorizes charity projects with civil rights and social action, education, poverty, religion, and spirituality, and so on. This helps donors who are interested in your goals for finding projects and contributing.

Cost Structure
The Crowdfunding platform may charge you an administrative fee to connect you and your donor or investor.

The crowdfunding platform you choose should have the appropriate cost structure for you and your project.

Obligations
When people give money, either to friends or cause, they usually like to be stored in circles. In addition to costs, you may need to share quarterly or monthly updates with investors.

Check the details of the agreement carefully.

Pool investors
If you fund a start-up or business venture, you’ll want to choose a suitable crowdfunding platform for your industry. Sites will not only connect you with great investors, but you may be able to build partnerships with strategic investors.

Whether you are raising money for business or charity, see what companies and non-profit organizations connect to this site. You definitely want to find a platform that has connections to companies and established charities.

For start-up technology, access to feedback from registered investors may be important.

Security
Choose crowdfunding platform with security protection for financial transactions.

But if this is a business venture, you definitely want a more legal and financial option. You may need escrow services, investor persistence, and feedback.

The best crowdfunding platform will address the specific needs of your project or campaign. Have you ever used a crowdfunding platform to raise money for a business or a cause? Please share tips in the comments?

Have you used crowdfunding to raise money for a business or a cause? Please share tips in the comments?

Wetsuit lady for kiteboarding: Let the adventure unfold

Wetsuit lady for kiteboarding: Let the adventure unfold

You have a woman who loves to shop. You have a woman who likes to wear makeup and hang out with friends. And then you have another type of woman who breaks the stereotype. Loving sports. You will find these types of species occasionally who love adventure and sports. When we talk about sports, one new thing that has emerged and the trend over the last few years is kite cruises. For those who do not know, a pesantren kite is a type of water sport where you have a surfboard with you and a kite that pulls you through the water. A suit of armor connects you with a kite. Fantastic as it sounds, you can make it more fun by choosing the best lady outfit for a kite. There are companies that offer full wetsuits for kite kites. Now you can dress up with bright colors and embrace the ocean with all the gifts it needs.
The types of clothing you can choose:

Wetsuit lady for kiteboarding: Let the adventure unfold

Whenever you plan to buy a wet suit, you need to be clear about the idea behind it. What do you want for your wet clothes? What color is right for you? Or how do you imagine yourself while on the beach? Well, most of the time, it’s best to match your clothes according to the season. Go for bright colors that complement the ocean and surrounding areas.

• You get a complete outfit: a full suit covers the entire body. This can make it easier for women who are vulnerable to skin allergies and sunbathing. Full suit saves your skin and body from external damage that may be caused by water or sunlight. • Spring suit: this is shorter and more comfortable for women who feel comfortable wearing shorts. There are times when a complete outfit can block your movement. Spring suit is best for such a sport. • Leggings, jackets and shorts: You can also buy leggings, jackets and shorts separately. This is again available in vibrant colors

Wetsuits available:

Now you have to think of a suit and if you want it. Well, let me tell you that these companies offer a wide range of swimwear, vests and accessories.

• You also get different colors like the yellow, blue, green, pink and other neon colors that make your day. Bright colors are always welcome on the beach.

• You also get different prints and designs. Prints and animal lines are a common favorite of women who come for kites. In addition, these companies continue to introduce new collections occasionally so you can visit their website and get newer designs anytime.

• They are quite reasonable: now you should think that if the product is good, how much does it cost? Let me tell you that they are pretty pocket friendly. This is more of a one-time investment and you can always reach it if it is value for money.

• Quality of wet clothing: these companies are generally known for their quality products. The material is good and lasting. If used with care, one costume will last longer than you can imagine.

So what are you waiting for? Go wet clothes you like and jump into the sea and naturally rush in your blood. Feel the best nature and do not forget to share our experience with us. Wetsuit lady for kiteboarding: Let the adventure unfold

Farha & Associates Launches The UK’s First Dedicated Service For Setting Up An HMRC Approved EMI Op

Farha & Associates Launches The UK’s First Dedicated Service For Setting Up An HMRC Approved EMI Op

EMIOptions.co.uk is a company offering help articles and resources so you can easily set up your EMI options scheme. The information from EMIOptions.co.uk is designed to help you to build your options scheme so you can focus on building your company. Not only are there useful resources and information on the UK’s first dedicated service for setting up an HMRC approved EMI options scheme.
Who Is EMIOptions.co.uk?

 

EMIOptions.co.uk is a team of lawyers and advisors who have pedigrees in the best law firms in London. The EMI options specialists are available to advise and help you throughout the entire process. A great outcome is virtually guaranteed for you and your team.

EMIOptions.co.uk have a 100% track record of agreeing nominal value valuations with the HMRC in funded but pre-profit companies. We can help you to set a low strike price for your team, so that they get the maximum benefit of the growth.

Why Set Up An EMI Options Scheme?

When you set up an EMI compliant share option scheme for your employees, you can help 80% 80% tax on an exit by as much as 80%. The team at EMIOptions.co.uk can help you through the process and guarantee that your company is eligible for this scheme. You can check your eligibility using the website, making the process even easier.

A Detailed Guide On The Enterprise Management Incentive

On the EMIOptions.co.uk website, you can find a detailed guide on the EMI scheme. This scheme provides the distinct tax advantages of the employment options. The scheme is specially designed to be beneficial for smaller companies. With this scheme, you will have the capacity to grant options to chosen staff members. This then permits these staff members to acquire shares in the company over a set time frame, providing these employees meet the qualifying condition criteria.

The resources found on EMI compliant options, EMI compliant options, how the type of scheme functions, conditions, for staff members to qualify, and more.

Get In Touch To Find Out More

If you want to know more, get in touch using the contact form on the website. Alternatively you can use the contact information below.

Contact:
James Farha
Company: EMIOptions.co.uk
Address: 96 Kensington High Street, London, W8 4SG, UK
Phone Number: 0203 667 8738
Email: press@emioptions.co.uk

How to Pick the Best Storage Unit for You

 

Moving? Renovating? Joining forces with someone else?

It’s fair to say that there are some occasions in all of our lives where the excitement and anticipation reach fever pitch.

If we’re lucky, those moments can be life-enhancing. They can be filled with joy. They can be momentous.

Other times, depending on the circumstances, those moments can be fraught with stress or tinged with sadness.

But, regardless of the circumstances, there comes a time in the middle of a move or a renovation when an unnerving reality begins to take hold.

Apart from the hustle and bustle of actually moving, a sudden reality can slowly kick in …

Your stuff.

All of that stuff!

Just what are you going to do with your stuff?

Storing Your Stuff

Here at Nesta Storage, we know how stressful any move can be.

Apart from the incredible volume of your possessions.

There is only so much room, after all. And, you may think that limited space can put an intolerable limit on what you can and can not keep.

That scrapbook you have since years of holding a special place in your heart. And what about that bike you had when you were only learning how to cycle?

Or the corner cabinet the in-laws buy that has never been a favorite of yours?

Wait. Hang on … This could actually work out in your favor!

The good news is, the possessions that you’ve been gathering for a lifetime, do not have to be thrown away. You do not have to be with your most loved, prized possessions at all.

You can store them away instead.

In this article, we’re going to talk all about self-storage units.

And, more importantly, we are going to give you advice on how to pick the best storage unit for you.

Ready to get going?

Brilliant. Let’s do this!

How to Pick the Best Storage Unit for You

Before you choose to go with a particular storage unit, there is a number of factors that you will want to take into consideration ahead of time.

1. Do Your Homework
Before you opt to put your possessions into any storage unit, you’ve got to make sure you’re picking up the storage unit you picked.

Finding the perfect storage unit is like finding a babysitter you can depend on. You would not trust the care of your children with just anyone, would you? The same goes for your most loved possessions.

Doing your homework first is a good place to start.

When you’re looking at storage units, here are some things you will definitely want to consider.

Location

A lot of people consider the location to be one of the most important factors in the decision-making process. But, often, this can actually be a costly mistake.

There is no quicker way to store your precious memories away in a sub-par storage unit, than when you choose to go with the one that is closest to your home – purely because that unit is closest to your home.

Of course, you will want a storage unit that is not a million miles away, but, you will not want to compromise on quality to get one.

Give yourself options and make sure that your storage unit company is a very reputable one before you sign on the dotted line.

Previous / Current Customers and Reviews

Before you choose a storage unit, check out what other customers have to say, not only about the storage units but about the people behind the storage units.

Some important things to consider here include the following:

What kind of testimonials are available?
What have the current and previous customers got to say?
Is there a recurrent theme?
What is your experience with the company like?
Was the experience with the storage unit a positive one?

A Tree Had to Come Down

I need to have a tree removed. Part of it had fallen down from a bad storm we had, but the majority of it was still standing. I thought that it would be able to recover since only part of it was cracked off, but I could tell after a short amount of time that the tree was dying. I contacted a company that does tree removal in Nassau County. While I was nearly certain that an expert would also agree with me, I still wanted them to make the decision on if it could be saved or not.

The company that I hired to handle this came out a few days later when I had the day off. The lead guy looked at the tree, and he told me that there was nothing that could be done to save it. It was also a danger because the tree had been compromised. We are known to have high winds at times, and the tree could easily come down during the next storm. That could cause some of the trees around it to be damaged too since such a large part of the tree was still standing. Continue reading A Tree Had to Come Down

Cannabis vs Hemp: Differences You Should Know About

With all the recent talk of the legalization of marijuana in over half of the country, more people are talking about the plant than ever.

But these discussions also lead to some pretty bad misinformation. Namely, there seems to be a common misconception that marijuana and hemp are the same things.

And while they do share some basic elements in common, this could not be further from the truth. From their respective uses to state laws, we’re breaking down the biggest differences between cannabis vs. hemp.

Cannabis vs Hemp: What’s the Difference?
Using Cannabis

We’ll get this one out of the way: Yes, cannabis is mainly used for smoking. That is not to say that recreational enjoyment is its ONLY purpose. Far from it, in fact. Yet, it is the key reason people harvest and use the plant.

Traditionally, marijuana is ingested in one of a few ways.

First is the standard smoking method. This one likely does not need an explanation. It’s been around for thousands of years.

Next, some users tend to prefer the concentrated properties of THC oil. It contains tons of health benefits that are known to help cancer, anxiety, and seizures. In fact, THC oil can even be made into a skin cream to treat extreme cases of inflammation.

But the simplest ingestion method involves making edibles. A user creates a baked good and adds trace amounts of cannabis to the recipe.

Growing Cannabis

Cannabis is far more difficult to grow than hemp. It requires the right amount of light with the perfect temperature.

Speaking of plant growth, another key difference is size. And while cannabis and hemp look quite similar, there are some easy ways to tell them apart.

Cannabis plants are often smaller, shorter, and wider than hemp plants. If you’re looking for a distinction, think of it this way: Cannabis grows out while hemp grows up.

Using Hemp

If cannabis is known as the recreational plant, hemp is its industrial brother.

Records show that hemp has been a massive staple in everything from clothing to buildings for centuries. Thanks to its long, thick fibers, hemp extract is an ideal choice for making some of the following:

Rope
Paper and cardboard
Fabrics
Bed sheets
Plastic
Fuel
There are so many uses for hemp that it’s become one of the world’s leading resources!

Let’s look at paper production, for instance. It’s estimated that one acre of hemp can produce as much as two to four acres of trees. It’s literally a greener solution to manufacturing.

And while you’re free to ingest it, you’re not going to get the same experience as cannabis. While hemp does contain an amount of THC, it does not compare to the amount found in cannabis leaves.

Growing Hemp

Unlike cannabis, hemp is known to be far more forgiving in terms of production and growth. It requires less upkeep, nutrition, and maintenance.

Believe it or not, hemp extract is even healthy. Hemp seeds are high in protein as well as omegas 2 and 3, so sprinkle some on your salad next time you need more protein.

Cannabis vs Hemp: A Final Note
One final note: Both are technically classified as a drug. So, before you go about setting up your hemp crop, check with your state’s laws and regulations.

Each plant has its own distinct advantages. Cannabis, on one hand, is great for medical and recreational uses. In contrast, hemp is an industrial giant, playing a part in many products we love today.

Some might think of cannabis vs. hemp as a competition. However, the reality is that both are great complements to each other.

3 Tips for Minimizing Stress When Packing for a Move

3 Tips for Minimizing Stress When Packing for a Move

Preparing for packing and moving in South Dakota does not have to be stressful. Here are a couple of tips that can help minimize the stress and make your move simple and easy.

Pack by Room

 

When packing up your home, it’s helpful to pack boxes by the room the items come out of. This will help make unpacking much easier. It will save time and energy to be able to deliver boxes to the proper rooms in your new home and not have to run from room to room to put things where they belong.

Labeling Boxes

When packing your boxes, there are 2 ways to keep track of what is in them. First, you can make a list on paper of each item that goes into the box. Place this list on top before you tape the box shut so that you do not have to dig through items to remember where that one item is when you are half-way through unpacking and need something. You should also put general categories on the outside of the box so that you can know what is in the box at a glance. This would be lists like “living room books” or “family room games.”

Hiring a Professional Mover

Don’t have time to pack your belongings yourself? Need help getting everything moved but don’t want to drive a moving truck? Hiring professional movers to pack and move your belongings can take a lot of the stress out of your move. Often they will provide insurance options to give you peace of mind and will take care of all the individual details necessary to get you from point A to point B.

Don’t let packing and moving in South Dakota cause undue stress. Take everything one step at a time and you will be settling into your new home before you know it.