You Don’t Know What You Don’t Know About Starting a Business

Group of business associates looking and pointing at a chart put up on the wallOver the years of working with startups and small businesses, we have come to realize there are a couple of common misunderstandings about starting a business that can seriously impact one’s chances for success. Knowing that you must address the following two key tasks upfront allows you to avoid a crisis down the road. Continue reading

How to Forget About Sales Tax (And Get Away with It)

Guess what? You have sales taxes due soon. Did you forget? It’s hard to blame you – it’s been a year since you last paid!shutterstock_107632895

Did that intro cause you to freak out a little? That means you’re one of the lucky business owners who only have to worry about sales tax on an annual basis. On the other hand, only having to deal with sales tax once a year has its downsides. Often this means you simply forget what to do when sales tax time rolls around. Continue reading

6 Tips for Creating a Great Business Plan

September Small Business ChecklistWhatever the aims for your business might be, there is a good chance that at some stage you will need to draw up a clear plan for its progress. The process of creating a business plan can be hard work but it also serves a variety of important functions, not least that of potentially attracting the finance that small companies so badly need in order to get started.

With that in mind, here are 6 tips for getting it right when it comes to building a great business plan. Continue reading

MyCorporation’s 2015 Small Business Industry Predictions

2015 is officially here! And business forecasters all across the internet are scrambling to their crystal balls to give their predictions as to what is, and isn’t, going to work in the new year. Of course, if you regularly follow our blog, you’d know we beat them by a good month with our infographic “2015 Small Business Industry Predictions.” But just in case you missed it, or you want a refresher as to what we think will be the best industries to start a small business in, here’s a quick rundown of what we think is going to happen.

What industries are going to do well in 2015?

Fastest growing industries

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What’s Next?: Ten Tips for a Successful 2015

How to Keep Your Sales Team MotivatedRight now as we tussle between finishing up commitments of the year gone by and anticipating coming opportunities, business owners and leaders are finding themselves taking stock of where they are, where they want to be, and identifying the things they need to do to get there.

Experts are predicting that 2015 will focus on physical and fiscal health and fitness. In addition to the more popular weight loss and general fitness categories, individuals will also be focusing on debt retirement and finding new ways to stretch their income.  On the corporate front, people are going to be looking hard for internal prospects and promotions; and greater numbers than ever before are planning to pursue entrepreneurial goals. Continue reading

Five Business Tax Differences Between the UK and the U.S.

Social media giant Facebook is set to incur further criticism for its tax avoidance techniques, after it was revealed that the firm will not pay UK corporation tax for the second year in a row. In the past, it has argued that it always meets the tax rules of every country it operates in.Accounting_Items_Calculation

That is a view echoed by many other global firms, while a number of other US firms have re-domiciled overseas to benefit from more efficient tax rules. These are the five most important tax differences between the UK and the U.S. Continue reading

Taking on a New Client: A Checklist for Accountants

Accountants and CPAs are comfortable sticking to the numbers and reports straight away when meeting with clients. Though logical enough, this may not be the best approach to build ongoing relationships.Closeup_Calculation_Paperwork

Successful client meetings build trust and create long relationships. Similar to other events in your organization, client meetings should be refined and renewed in a personal yet timely manner in order to make the most out of the meeting. If done well, meetings can be productive and can do wonders for your business; else they can be a disaster. Continue reading

Our Five Top Posts of 2014!

Happy New Year! 2014 was an awesome year full of growth and renewal here at MyCorp. It was also the best year our blog has ever had! And that’s largely thanks to the slew of guest-posters and small business experts who have been kind enough to contribute. While we could spend hours going over our favorite posts of 2014, we thought our time might be better spent highlighting some of the top posts from this last year.Top Posts of 2014

The Most Viewed – “3 Keys to Crafting the Perfect Logo”

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The Dos & Don’ts of Social Media for Small Business

shutterstock_95135899_smYour company has finally blossomed into more than just a “good idea” in your head, and things are up and running. Maybe you’re still in your best friends’ garage, maybe you’ve got an office, maybe you’ve even got an entire office building. Doesn’t matter, because these days, your company’s appearance is all online.

Welcome to the world of social media, where everything is all about the presentation. While there are several resources around the web that describe the value of social networking for business, this overload of information can make it difficult to determine exactly what small businesses should and shouldn’t do when engaging in social media for their brand. Let’s take a look at some social media dos and don’ts for your small business: Continue reading