April 15th is just around the corner, and the buzz word on everyone’s mind is “taxes!” We’ve gathered tax statistics from far and wide to give you our latest infographic: “2015 Tax Statistics.” From the states that receive the most revenue from sales tax, to tax rates by country, we walk you through this year’s must-know tax facts.
Leading people who all work in the same location is one thing, but leading people who all work in different locations is another matter entirely. The difficulties that exist in terms of coordinating them, planning tasks and projects and tracking productivity are rife, but there are a number of techniques and best practices that can be used to make life easier and ensure that the quality and efficiency of work being completed does not decrease.
Although it can never be said that it is easy to lead a team when everyone works in one office, it is much simpler than managing remote teams, either working from home or in another branch of the company’s offices. As a leader, the challenges of ensuring that work-rates and results stay high in addition to the team members remaining engaged and enthusiastic about their roles within the organisation can be difficult to conquer.
As hard as it can be to lead or manage a remote team, it is possible to do it successfully. With this in mind, here are some best practices to adopt in order to get the most out of your remote team. Continue reading
Have you ever looked at your credit card or business credit card bill and nearly had a heart attack? You are definitely not alone. Although each person has different debts, there are some useful universal ways of eliminating debt. Figuring out your spending habits, how you pay back your debt, and what works best for you or your business is key to helping you eliminate your debt faster. Below is a list of some of the best and most useful tips for eliminating your debt. Continue reading
The short answer – yes. But, regardless, it may still be a good idea to hire someone else to be your registered agent. Registered agents exist because of due process. When you turn your business into its own, separate legal entity by forming an LLC or incorporating, you’re effectively giving it a right to due process. That means, before a lawsuit can go forward, your business must be properly notified. A registered agent, then, is the point of contact for notifying your business about impending lawsuits.
However, many states use a business’s registered agent as a contact point for other important matters. They’ll send state documents, franchise tax forms, and other reminders to the company’s registered agent, rather than to the company itself, since reaching an established point of contact is a pretty reliable way of getting in touch with the business.
For a nominal fee, you can appoint someone to be that point of contact.
So why wouldn’t you want to be your own registered agent? Acting as your own registered agent will save money, but there are downsides to that choice. For one, a registered agent must have a physical address within the state the company was formed in. So if you formed and do business in a state other than your own, you have to designate someone in that state as a registered agent.
Further, registered agents are the contact point for sensitive matters like lawsuits or summons. Having a registered agent outside your company keeps the office from panicking, like they would if you were served in your own office.
And finally, your registered agent is going to get a lot of important paperwork. It’s their job to keep track of what they receive, and send it along to you. When you run a business, it’s easy to overlook or forget about things like annual reports and fees. A registered agent will really help you from losing track of that important paperwork.
You – or in some states, your business – can act as the registered agent. Or you can hire an outside agency. Just be sure, regardless of what path you choose to follow, that your registered agent is dependable and discreet.
If there’s one thing that every single freelancer, startup or even an established business complains about without a doubt, it’s about never getting paid on time. Clients will chase you on every deadline, make a thousand and one changes to the project brief, ask for freebies and discounts galore, but when the time comes to loosen those purse strings, they suddenly vanish into thin air.
Sound familiar? Maybe the problem is not the clients. Maybe it’s got a little to do with the mess that is your invoicing system. So what can you do to fix the problem and get that wondrous check in the mail right on time? Continue reading
It is one thing to possess the basic qualifications required for your field. It’s another to be the type of individual that has the ability to adapt. The latter is required if you want to experience sustained success in business and life in general. Change is the only constant, and making sure you’re ready to face whatever comes your way makes you an asset to the people you work with and the people you work for. Continuing education is a vital part of the process; here are some things to consider in pursuit of more knowledge. Continue reading
Up next in our MyCorp FAQs series is “What are the fastest states?” It’s a question our customer service department receives on a regular basis. We get it, sometimes entrepreneurs are just very excited to get the ball rolling, and, other times, they find themselves in a desperate time crunch.
Though, like we’ve mentioned before, a lot goes into picking the correct state for the formation of your business, knowing which states file the quickest can help you make an educated, calculated decision. Continue reading
Last week we talked about the most hated small business taxes among small business owners. This week, we’re asking our small business experts what they’ve learned about taxes since opening up shop. These were our ten favorite answers:
1. “As a mobile pet sitting business, one of my favorite write-offs is mileage. Most people forget to keep track of their miles and just guess, but often they are getting less credit than they should. I keep a notebook in my car to keep track of mileage, then when I get home at the end of the day I transfer it to a spreadsheet. This way I have all my mileage ready for tax time, and have it in both paper and digital form.” -Chris Herath, Atlantic Pet Sitting Continue reading
Today’s post is brought to you from our friends at Ocoos:
Have you considered your small business website lately? If not, it’s time to make it a priority. We’ll explain why.
If you own or run a small business, you understand that having a quality web presence can make or break your success. Whether you are selling a product or offering your services, potential customers need to find you. The best for them to do so? By accessing your website and having quality information about your business, products and services at their fingertips.
How can you make sure your website meets customers’ needs? By creating it with a website builder that’s high quality, versatile, and offers a large number of e-commerce solutions.
One of these website builders is Weebly, which was one of the first do-it-yourself website building tools. Weebly provides users with a number of customizable templates, a storefront for product sales and a web editor that allows even novices to design and build their own website.
With the real estate market having an upward trend, starting a building inspection service business is very attractive. Aside from earning huge profits (if you work hard enough), you are giving yourself the wonderful opportunity of working at your own pace–which is true in most businesses, especially if you are the boss.
Growing your startup building inspection biz could be hard because of the competition but it isn’t impossible. However, without applying the appropriate marketing strategies, your business might fail. To prevent that from happening, here are a few simple marketing strategies that could help boost your biz: Continue reading