Conquering Chaos
Filed Under: Articles of Interest
Tags: Articles of Interest
Check out this great article regarding conquering chaos from Small Business Trends, below is an excerpt:
We are in an entrepreneurial revolution. There has been an epic shift in people starting new businesses. People leave their jobs, either by choice, or by being laid off. With big ambitions, they pursue their passions and start a business. The unfortunate truth is that most small businesses fail. In the next 12 months alone, 600,000 new small businesses will be created. By the end of the year, more than half will have to close up shop forever.
A recent report by the National Small Business Association showed that more than 41 percent of entrepreneurs are concerned about the survival of their small businesses. None of those numbers feel good to me—and I’d guess they don’t feel good to you, either. I agree with the NSBA that “more can be done to ensure entrepreneurship remains a viable, attainable option for every American.” I strongly believe entrepreneurship is the answer to many of the problems America faces.
So what turns the dream of entrepreneurship into a nightmare time after time?
It’s called chaos and it is killing small businesses everywhere. What causes chaos? What are the symptoms? All-nighters at the office. Missed Little League games. Cold dinners and disappointed families waiting for you at home. Does this sound like you? These are all symptoms of chaos.
All seems to be going well for the small business owner until they get their first customer. That’s when chaos moves in and starts to take over. Before they can come up for air they’ve been sucked under by the business.
Don’t give up. There’s a better way to run a small business. You can grow a successful small business and still have a life, if:
Read the full article HERE.
Comments (0)Survival Strategies
Filed Under: Articles of Interest
Tags: Business Tips, Entrepreneurs
Jeff Cornwall from The Entreprenurial Mind blog has an interesting article discussing survival strategies for entrepreneurs. Here is an excerpt:
Every small-business owner should continue to run his or her business cautiously and prudently. There will be more tough times ahead. Look for growth opportunity.
Over the coming months, more of your competitors will probably fail, and that presents an opportunity to attract new customers to your shop.
This can be an excellent time to expand and take advantage of a larger market share. If you do expand, continue to bootstrap and try to keep your use of debt to a minimum.
This is no time for excessive leverage because of the uncertainty of the economic outlook.
Whether you are a new entrepreneur or a seasoned business owner, more than ever before remember, cash is king. Given the uncertainty of the economy, entrepreneurs should try to keep enough cash on hand to cover at least 30 days of monthly expenses — and up to 90 days of cash on hand is not a bad idea, either.
Read the full article HERE.
Comments (0)Update on 1099 Requirements
Filed Under: Articles of Interest
Tags: Articles of Interest, Taxes
A little while back we wrote an article highlighting the 1099 changes in the Health Care Bill. Here is an excerpt from a recent article found on The New York Times, You’re the Boss blog discussing what may or may not happen next:
In their last week of summer legislating, Republicans and Democrats alike — on both ends of Capitol Hill — made gestures toward repealing a new tax-reporting requirement, raising hopes among small-business advocates who have lobbied fiercely against the measure. But with each side claiming the other’s maneuvers are just feints, the prospects for repealing, or softening, the new law are uncertain at best.
The reporting provision at issue is Section 9006 of the Patient Protection and Affordable Care Act, which adds “amounts in consideration for property” to the types of payments over $600 for which a business must file an information return with the Internal Revenue Service. In addition, the provision also closes a loophole that made payments to corporations exempt from the filing requirement. Under the new law, a company will have to file a Form 1099 with the I.R.S. for every vendor from whom it buys more than $600 in goods.
The section was intended to be a fund-raiser for the rest of the health care bill; it was projected to deliver $19 billion over the course of 10 years by making it more difficult for businesses to keep income unreported. But business groups assailed the new provisions. “This is absolutely unmanageable,” said Bill Rys, tax counsel for the National Federation of Independent Business, which is leading the effort to overturn the law.
To read the full article, click HERE.
Comments (0)Pay Yourself First
Filed Under: Books of Interest
Tags: Books, Business Tips
Pay yourself first. This is a statement that we have all heard at least one time or another. In the book, The Automatic Millionaire, David Bach describes this as a requirement for anyone who would like to be financially successful. He goes on to explain the why, the how, and even show you how to make it automatic. He states, “People should take every opportunity they can to save money because it really adds up, and the best way I know to do that is to make your savings automatic.”
Paying yourself first allows the average person to save money, that they normally would not be able to save. This money can be used to start a business, retirement, a vacation, for college, for a rainy day, or whatever your goals are. Typically, a person allocates their money in this order. Pay bills, have fun, and then save. The problem with this order is that there is never any money left over to save. People excuse this with “I don’t have enough money leftover”, or “I don’t make enough.” Bach quotes, “Change is a funny thing. Although most people say they want to change — so they can have a better life, with more love, more dreams, and more fun — the fact is that many of us are afraid of change.” Paying yourself first allows you to save money, without even knowing that you are missing it. Per Bach, the easiest way is to make it automatic. Automatic means have your employer deduct a percentage of your paycheck to go into a savings account before you even get a chance to see it.
Paying yourself first means to save, pay bills, and then have fun. Paying yourself first means to take out a percentage of your check before you do anything else. It means that you are making a personal commitment that saving is important to you and that you will save a percentage of your income no matter what. How much should you save? Bach answers the question this way. To be poor, don’t save anything. To be middle class, save at least 15% of your income, and to be rich, save at least 25%. To visit David Bach’s website, click HERE.
Comments (0)Aclaración de la Calificación para Relaciones Externas
Filed Under: Blog Posts in Spanish, INC Knowledge
Tags: Foreign Qualification, Spanish
El tema de la calificación de Relaciones Externas requiere una aclaración para que nuestros clientes puedan lograr comprender su significado e importancia. Encontramos que hay algunos supuestos falsos sobre las operaciones en otros estados con una entidad de Delaware. Es por eso que ofrecemos información confiable a los clientes que constituyen su entidad en Delaware, para posteriormente operar o abrir cuentas bancarias en otro estado o estados.
Delaware puede ser el mejor estado en constitución – pero esto no significa que usted puede constituir aquí simplemente y evitar las obligaciones de cumplimiento de otros estados. Este puede ser el mayor error de percepción que enfrentamos y tratamos. En Harvard Business Services, Inc. nos esforzamos por ofrecer servicio y soporte para los clientes antes, durante y después de la incorporación. Ofrecemos servicios completos en la Calificación para Relaciones Externas en los 50 estados.
Muchas actividades de las empresas son de ámbito nacional y cruzan las fronteras estatales con gran frecuencia. La movilidad de las empresas puede ser motivo de cierta confusión en cuanto a su cumplimiento. Como especialistas de Delaware en constituciones; constituimos la mayoría de las entidades en Delaware y asesoramos a cada cliente en cuanto al proceso de calificación en su propio estado o el estado de las operaciones reales. Este proceso es similar en la mayoría de los estados e implica un proceso de solicitud para el gobierno del estado y de una tarifa.
Delaware ofrece el beneficio de no imposición sobre la renta a aquellos que presentan en nuestro estado pero que operan en otras partes y generan ingresos. En esta declaración encontramos la principal razón en la necesidad de calificar la entidad de Delaware en otro estado en donde la compañía opera, contrata a la gente o es dueño de bienes raíces – FISCALIDAD. Dicen que sólo hay dos cosas seguras en la vida – la muerte y los impuestos. Al calificar en los estados de operaciones, la compañía en Delaware se convierte en sujeto pasivo en esos estados. Todos los estados requieren que las empresas que operan en el estado se registren y paguen impuestos y la mayoría de los estados cobran multas e impuestos atrasados cuando descubren empresas que operan dentro de sus fronteras sin pagar impuestos.
La otra necesidad lograda mediante el proceso es uno de – LEGALIDAD. Tras la formación, la entidad sólo es legal y válida en el estado de la presentación. Esto significa que si la empresa es móvil y desea ser reconocida como legítima y válida en el estado actual de las operaciones – se debe cumplir y calificar. De lo contrario, dará lugar a socavar la razón principal para incorporar en el primer lugar – la seguridad de cuestiones de responsabilidad y protección a las personas involucradas. En esencia, la empresa no puede soportar un recurso de impugnación en un estado de operaciones si no ha sido objeto allí.
Otra tema que se aborda a través de calificar es una de las preocupaciones financieras – Bancos. La mayoría de los bancos exigen la validez del certificado de Autoridad (conseguidos a través de la calificación) a fin de abrir una cuenta a aquellos que muestren el registro de la presentación fuera del estado respectivo. La cuenta bancaria es el punto donde el ingreso se canaliza y se considera parte de las operaciones de una empresa.
Existe otra percepción errónea que concierne a las empresas y que parece virtual en naturaleza: los puntos com. Este grupo podría llegar a sentir eso, dado a que no hay ladrillo y mortero o dirección física asociada con las operaciones – se puede evitar la calificación. La respuesta a este problema por lo general es NO – de nuevo volvemos al camino, donde la banca y los ingresos se están produciendo y en donde los servidores están situados.
La constitución en Delaware es el mejor primer paso para su negocio, asegurando un estable y seguro estado de origen, sin embargo, no poner atención e importancia en adherirse a las cuestiones de cumplimiento en otros estados, dejarán a la compañía inestable y vulnerable. Harvard Business Services, Inc. se complace en apoyar a los clientes con la presentación de Delaware y agentes de servicio, así como la calificación en otros estados. Con nuestro servicio de capacitación acelerada habrá una solución oportuna a los problemas de cumplimiento. Si tiene alguna pregunta sobre su estado de residencia – contáctenos hoy!
Click HERE for the English version of this article.
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