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Alcohol or Drug Abuse in The Workplace – How to Identify It?

Posted on Oct 25, 2018 in Small Business

Addiction can contribute enormously to reducing employee’s ability and capacity to contribute to your company’s development and profitability. In terms of economic concerns, an addiction can make an entire team fail to deliver on time and successfully. It can lead to a drop in productivity, a spike in absenteeism and significantly higher costs associated with healthcare.

In human terms, this may lead to relationship issues, severe emotional problems and depression, which also contribute to lower productivity levels in the workplace. Addiction impacts every aspect of one’s life and it can be heartbreaking. Below are some tips that will help you identify with high rates of accuracy addiction in your employees and how to help them overcome those.

 

Possible signs of addiction in the workplace

There are numerous symptoms that will help you successfully identify an addict in the workplace. Below are some of those.

  • A dramatic change in work performance;
  • A drop in work attendance;
  • Mood swings, attitude changes, oftentimes unexplained ones;
  • Withdraw from social interactions or responsibility;
  • Unusual behavior, patterns they didn’t show previously;
  • Defensive attitude when the subject of addiction comes up.

These signs are notices in both alcoholic and substance addicts. If you notice some of these, you may want to suggest luxury treatment centers for drug abuse. However, the signs may vary depending on the substance your employee is addicted to. Below is more information on this topic.

Marijuana addiction signs

Besides the already known sign of the munchies after a session of smoking marijuana, there are other tell-tale signs you don’t want to overlook. Bloodshot eyes, lethargy, sleepiness, a lack of coordination, an appetite for chit-chat, a lack of focus. The experts at multiple drug rehab centers for recovery claim that these are some of the most common signs.

Valium addiction

If the employee is tasked to a safety-focused job, then valium addiction might be dangerous in their case. Common signs are hostility, poor coordination, drowsiness, amnesia, blurred vision, reduced inhibitions.

Alcohol addiction

Alcohol abuse has other warning signs than the ones presented above. Those abusing alcohol may have an unkempt appearance, irrational behavior, tremors, bloodshot eyes, they may smell like alcohol, they may display aggressive behavior and have temper outbursts.

Whatever signs you identify in one of your employees, make sure that you discuss with them and propose some reliable and appropriate therapies for them.

Smart Business Tips for Freelancers and Self-Employed

Posted on Sep 10, 2018 in Business Tips

As a first-time freelancer of self-employed individual, you certainly have plenty of questions about managing a business like this. Good news is, the Web is full of useful information and smart tools that will make everything easier. Below are some smart tips that will help you in the first year as a self-employed or freelancer.

 

#1. Use Free Apps and Tools

A smart tip that all fresh freelancers could use is only working with free apps and tools. Luckily for you, there are plenty of products of this kind on the market. These apps and tools have various purposes, from scheduling apps to various software products that help with CRM duties. For all paid versions, there is a free one with similar features. Take Google Docs, for instance. It may not be the fanciest tool of its kind, but it’s certainly useful, and most importantly, free. Research is there is a free substitute for all apps that you want to initially purchase. You might be lucky.

#2. Work from a Storage Unit

Many freelancers work from home, and this can be a real productivity killer. Instead of letting yourself distracted from various things at home, search for storage units near me and set up an office there. While this is a less traditional option, you can make the most out of your time spent at “the office”. Which isn’t the case if you choose to work from home. At home, you have plenty of distractions. From your children and pets, to different housework tasks and so on. This will keep you away from working at your full potential. Better rent a storage unit and set up your office there, in this case.

#3. Pay Your Taxes on Time

Full-time freelancers have to pay their taxes as an ongoing part of their jobs. This might be a bit difficult, for an untrained one, but for the best results, try to collaborate with an accountant. They will definitely help in the matter and will make all these tasks easier. You will be able to forget about them and still have them paid on time, every time. Making delayed payments is one of the biggest mistakes that you could make. This will translate into higher taxes, in the future.

#4. Take Advantage of Tax Deductions

In certain areas of the globe, freelancers can take advantage of tax deductions. You can write off much more things than you initially expect. Make sure to document yourself and find out which are those expenses you can write off. This will help you more than you think, profit-wise.

These are four smart business tips that will help you have an easier time as a first-time freelancer or self-employed individual. Make sure to follow them closely and ask around when you’re not certain of various aspects of managing a similar business. This will help you, in the long run, more than you anticipate. Also, never overlook the importance of a dedicated space to work in.

 

Starting your own food processing company – Important considerations

Posted on Aug 23, 2018 in Small Business

The food industry is one of the most challenging sectors you could consider for your first business. Regardless, the levels of satisfaction that business owners experience once they realize that their products are widely used by the target audience are difficult to compare with anything else. However, no matter how well-trained in food matters you might be, you have to consider some important aspects.

Differentiate yourself from the competition

Canned foods or other processed foods have to meet different standards than your competition. From the quality of your products to the packaging and labelling process, you have to make sure that something is different from your competition. Invest in better Etikettskrivere and make sure to create an amazing design for all your labels. This will translate into an attractive method to draw attention to your company. In some cases, if you have some smartly designed labels, they will also act as a great marketing tool. Also, you have to make sure that your recipes and the final quality of your products exceed the quality of your competition.

Test your products before mass-manufacturing them

Make sure to test how good the equipment which you plan to invest in is. A perfect seal will assure higher rates of resilience and the taste of your foods. Organize a pop-up stand in a local market or supermarket and ask passersby to taste some samples. Listen closely to their feedback and adapt your recipe or strategy. However, never invest in equipment such as sealers or Blekkstråleskrivere without consumer feedback.

Familiarize yourself with all your industry’s regulations

In the food processing industry, there are certain regulations that all enterprises have to meet. There may be basic legal regulations which you have to consider, food safety regulations, quality standards that you have to meet and internal processes that you have to thoroughly follow. Make sure to discuss with a specialist these legal matters, since they will be able to better advise you in your journey. After all, even breweries have to follow certain strict regulations, starting with their mikrobryggeri utstyr and continuing with the ingredients used in the process.

Learn from other’s mistakes and success stories

Find a mentor and listen to their advice. Advisable would be to find a mentor in the industry, as they have plenty of experience to share. Most likely, they will be able to share some of their biggest mistakes, but also their strategies and approaches that led to their company’s success. You can also enroll in a mentorship program. This will work on the same philosophy as finding a mentor yourself does. Make sure to find the most approachable strategy for your own particular case.

These are some incredible pieces of advice and considerations that you should follow when planning to start your own food processing business. Make sure to search for the best pieces of equipment, for incredible products, but also search for appropriate consultancy services. You will need those for legal matters as well as to receive a better insight into the industry.

Real estate investing: put off tax bills with these strategies

Posted on Jun 19, 2018 in Business Tips

For real estate investors, paying taxes is optional. This definitely represents a bold statement, but if you consult a CPA, you will hear the exact same thing. In fact, if you complain about the burden of taxes as a real estate investor, then you are not familiar with the most effective strategies for saving on taxes all year round. In this case, working with an experienced tax advisor becomes fundamental, especially because you must grow your portfolio and in order to earn a living from investing, your income must exceed monthly expenses. Starting with something lighter, do you know all the tax deductions and tax traps for real estate investors? When it comes to tax pitfalls, capitalization of improvements and passive loss limitation are two of them. In what concerns tax deductions, the list is much longer and it includes insurance and interest, home office and employees, travel and legal services, repairs and casualty losses. Diving straight into this subject will help you immensely but joining forces with a reliable accountant while doing it is even more helpful.

1031 exchange and depreciation

If you doubt it, then continue reading the article because you will discover how a specialist can inform you about clever strategies for deferring taxes. These lesser-known strategies refer to 1031 exchange like kind, depreciation, long-term capital gains and no self-employment, among others. Starting with the controversial 1031 exchange, it practically consists in selling a property and using the money earned to purchase a similar one used for business or investment purposes. This apparently simple swap can keep you away from taxes for a long time if you perform it mindfully. This means that you have to become familiar with the restrictions and regulations associated with the 1031 exchange so that you avoid receiving a huge bill from the IRS. Moving on to depreciation, which represents a powerful tax deduction, it applies only to materials that break down. However, you have to be very careful because the IRS knows the depreciation rate of the supplies purchased for business use so you have to act wisely if you want to obtain the much-wanted deduction.

Long-term capital gains and no self-employment

As a real estate investor, you already know what capital gain means. It refers to the profit you make after a property sale and the IRS wants a part of that profit. If you were the owner of the respective property for over the year, then you have to pay long-term capital gains. The tax rate usually depends on your income, but since you do not have a stable income and you have the possibility to use in your advantage the like-kind exchange, you end up paying less than you expect. This leads us to no self-employment because your income is not like the ones of most people so most do not even see it as “earned income”. Even the government thinks that rental real estate is not an actual job meaning that you do not have to pay the standard tax due for everyone else.

How to succeed in Europe’s fertilizer market

Posted on May 26, 2018 in Business Tips

Fertilizers are an essential part of the food production chain, enabling agricultural productivity. They replace the chemical components that are taken away from the soil by growing plants. The raw materials, often in solid form, are delivered to manufacturers en-gross. Exports supply Europe. The marketplace for farm chemicals, such as fertilizers, is crowded. Therefore, succeeding in Europe’s fertilizer market is something of an impossible mission. Rivalry in fertilizer trading is huge. The good news is that it’s possible to survive and benefit from the global increase in food demand. Let’s find out how.

Planning and the market attractiveness

As a fertilizer producer, you have to establish what products make money and which ones take money. This is done by looking at how attractive the market is. The market attractiveness of any given product depends on the demand and growth prospects in the industry, as well as the pricing trends. You have to become actively engaged in improving your fertilizer production company. Take the example of Viatcheslav Kantor, who manages the Acron Group, a leading global mineral fertilizer producer. If he hadn’t invested time and effort into the Group, it wouldn’t have become what it is today. Those who improve their business have stronger chances of success.

Ensure access to competitive feedstock

Primary fertilizers comprise substances that are derived from raw materials. Various raw materials are used to produce phosphorous, nitrogen, and potassium. These raw materials have fluctuating pricing points, which rise and drop like the stock exchange. Taking this into account, it shouldn’t come as a surprise that leading fertilizer producers possess mineral resources. For instance, the Acron Group have secured an independent phosphate raw material base. Smaller players in the European fertilizer market that are unable to integrate mining or natural gas exploitation, resort to developing collaborative relationships. As a fertilizer producer, you can source your natural gas from centers like Austria or Belgium.

Diversify

In the agricultural fertilizer industry, it’s of paramount importance to stabilize operating performance. This can be realized through diversification of products. It’s important to have a diversified supply base and to make sure that the price is right. The act of enhancing choices when bringing products into the market is a great business decision. Supply chain diversification allows your company to distinguish itself in a positive way. Yet again, we must take Acron Group as an example. The company headed by Moshe Kantor has a diversified product portfolio. Fertilizer producers with a considerable diversification enjoy excellent results.

Improve process efficiency

The business process refers to the tasks that the employees use to create a product. As you can imagine, productivity varies among employees.  You can’t afford to have customers complaining about poor product quality. To improve the team’s process, analyze and redesign. Better yet, outsource labor. Labor accounts for as much as 10% of the costs, which is the reason why improvements need to be made. Examples of improvements include, but aren’t limited to, automating plant processes and outsourcing maintenance.

How to improve your business’ in-house productivity

Posted on Apr 19, 2018 in Business Marketing

When a company deals with productivity concerns, employees can often face increased pressure, which might actually end up affecting their work quality. If you have noticed that time and resource management lacks effectiveness within your enterprise, perhaps it’s time you seek solutions. Making improvements that can contribute to how productively you carry out business responsibilities is possible, and not as complicated as you might expect. Although you have many options put at your disposal, considering the tech innovations and digital tools now available on the market, the following ones remain the most popular among companies, for the various strong benefits they will can provide:

 

Project automation digital tools

The completion of various in-house projects, regardless of level of complexity, usually involves handling a wide range of routines tasks manually. Automating projects can save you a large amount of time, time that can be redirected towards other, more important business tasks. With the right digital tools at your disposal, you will gain the possibility to obtain project automation, so searching for forretningsløsninger in this department is the first step your company should take towards a productivity increase.

CRM capabilities

From improving information organization and enhancing communication across departments to achieving greater scale and centralizing process data, CRM capabilities can truly revolutionize how your business is currently functioning. Considering it provides a high level of support with various processes, whether they are repetitive or more complex, integrating CRM will bring you higher returns than you might believe. Considering it will cut down on your staff’s responsibilities in terms of routine tasks, it will also contribute to the improvement of employee satisfaction, which is something businesses should always focus on.

ERP capabilities

ERP capabilities come as advantageous as CRM ones, being essential in the process of improving productivity within a company. Accessing customer information and history in a faster manner, housing all business data in a single location, mobile friendliness, automating operations across departments, customizing and making reporting easier are only a few of the many things erp prosjekt software products can do for you. After analyzing each benefit, you can clearly conclude that this is the type of tool your business might have needed all along.  To combine the best of CRM and ERP, now you have the possibility of implementing a tool can encompasses all their best capabilities into one. Microsoft Dynamics 365, for example, is the type of digital tool that brings together the CRM and ERP features, enabling an effective process streamline. Look more into microsoft dynamics nav and see what it can do for you.

As you can see, your business should start focusing more on certain aspects, in order to improve in-house productivity, which might not exactly be at its peak level at the moment. Considering a productivity increase might be demanded for a profit boost, which is the ultimate goal of any company, using any option to your advantage is recommended. The options mentioned above will function great in this department, offering you appealing outcomes.

Identifying the best commercial real estate investment opportunities

Posted on Mar 8, 2018 in Business Marketing

The real estate market gives investors more possibilities than ever lately with numerous appealing programs available for access. Regardless if you are an already experienced investor, working in the industry for a long period of time, or you have only recently entered the market, continuing to learn and acquire new nights is necessary, considering the constant changing nature of this domain. For your profits to be as appealing as desired, and for your decisions to bring you impressive financial gains, identifying the best investment opportunities is a must, and there are a few relevant aspects that can help you do that:

 

Zero liability loan programs

In order for you to actually access the most advantages properties at the right time, receiving financial support is often necessary. Because you might not have the cash flow required at a certain time to acquire a specific commercial property you might have been eyeing for a long time, resorting to loans will probably be necessary. Nowadays, you have the possibility to resort to zero liability loan program.  Being insulated from lender liability is certainly an appealing prospect, which can give you peace of mind that you are protected against potential finical inconveniences. There are companies out there that give you the chance to enter a loan program of this kind, and thus enable you to actually go for the best structured real estate investment opportunities, without worrying about finances.

Passive income properties

One of the best ways to ensure financial stability in the long run, and to know you always receiving a monthly income is by investing in passive income properties. Commercial properties that are either managed by someone else, or imply low management responsibilities are the options that need your attention first, if you want to minimize your efforts, while maximizing your profitability. As long as you collaborate with the right people, you will come across a wide range of passive income properties that can provide you with exactly the investment outcomes you want.

Managed-direct ownership programs

Going hand in hand with 1031 property exchanges, manage-direct ownership programs are structured investment vehicles that allow you to access the best cash flow projections, and find non-recourse investment possibilities. With the support received from a team of specialists that offer programs of this kind, you will be able to discover a wider range of commercial properties that are worth investing in, and you will also be getting the resources necessary to actually make the overall investment process as seamless and advantageous as possible. From being presented with properties that meet your needs and criteria best, to extensive long-term cost analyzation, being part of a managed-direct ownership program will open you the doors towards a new, more attractive segment of this market.

As an investor, you need to strategically plan your every move, in order for your financial gains to increase and provide you with the stability desired. However, considering how complex the real estate market it, and the multitude of implications each investment requires, managing to always identify the best opportunities can be a bit challenging. With the tips mentioned above, you will be improving your strategies and making better investment decisions.

Website design mistakes that every small business should avoid

Posted on Feb 20, 2018 in Business Tips

For a small business, a professionally looking website can do wonders. Apart from clearly showing the marketing efforts of the team behind the website, it also attracts an increased number of customers, thus creating brand awareness and higher profits. However, this method can also bring unpleasant effects that no business owner would enjoy. For instance, those brands that already have a solid client base can lose both customers and money if they take the website design process lightly. The main idea is that if you decide to create a website for your business, you do not get to choose the amount of effort you put into it. A compelling and original website represents the only goal you can set if you want to obtain the much-expected results. If you are content with a poor quality site, then you should not even bother because the public will be merciless when visiting the respective website. Unfortunately, not all business owners understand this and they continue making the same mistakes.

 

Not taking the time to understand your target market

If you believe that you can just start creating the website and add more details along the way, this is not the right attitude. Before even initiating the process, you have to do some research about your target audience. Nothing and nobody forces you to rush the process. Instead, you should carefully evaluate the needs of your customers by putting them at the forefront. For instance, if you are dealing with a younger audience, you have to understand that most teenagers use mobile devices everywhere they go meaning that your site must be compatible with smartphones and other devices. On the other hand, if you must focus on an older audience, you have to rethink the website design; a larger font size might captivate their attention faster. Apparently, business owners make mistake even before taking the first step towards creating the actual website design. For this reason, working with a website design Thailand agency might improve the situation.

Not thinking the website design process through

Moving on to the subject of interest, namely the website design, customers usually notice two extremities. First, the website design is too blinding and busy. Secondly, the website design is boring and visually unappealing. In the first case, if you resort to bright colors, capital letters everywhere and complex graphics, your customers will no longer be able to read the useful information on the website, which practically eliminates the entire purpose of the website. You want your current and prospective customers to learn more about your business and stay up to date with the latest changes and promotions. Mixing sizes, shapes and colors will ruin the potential of creating an interesting website. In the second case, people will not even take the time to explore the website or read the information provided because it does not captivate their interest. There are so many other websites excellently executed on the internet that yours would end up forgotten somewhere on the ever-changing platform. A professionally looking website is elegant and engaging.

Lawn care and landscaping business – How to start it in several simple steps

Posted on Feb 12, 2018 in Business Tips

When it comes to lawn care and landscaping businesses, there are some strong pros and cons you should consider before everything else. The first big advantage that you have from opening a business like this is that you can operate it from home, and you can organize your time as you wish. Given the fact that these businesses are locally established and the demand is also locally established, you won’t have to spend plenty of time commuting each day. However, before jumping to action, you must know that a business like this needs dedication and attention to grow and deliver you a steady, generous monthly income. Below we have some pieces of advice everybody interested should follow.

 

Invest in high-quality equipment

Obviously, you cannot start your lawn care and landscaping business without a Gressklippere. This should be the first asses in which to invest, because lawn mowing is the most basic service that you can provide. From spring, to October, you will have to make sure that you can provide this service without any issues, and if your lawn mower is old and functioning poorly, chances are, you’ll end up losing some clients due to your inability to provide the most basic services. If you plan to provide more complex services at a larger scale, a Redskaper will come in handy, especially if you offer your help to farmers from time to time. However, if you don’t want to have some dead months in which the income is stopping, you should consider investing in tools that will allow you to clear the snow and maintain your client’s gardens spotless even during the winter.

Make sure to set competitive prices

The prices per square meter that you set should be competitive, while the landscaping and lawn care business is also a competitive one. Make sure to analyse the competitors present in the local market and their pricing strategy and set yours lower, as this might bring you plenty of clients when starting. Client migration from a provider to another is common, especially when their motivation is money. Regardless, when setting the pricing, you should always have an approach that will allow you to recover your initial investment.

Hire a crew, if necessary

Never assume that you’ll be able to juggle with all the jobs that you receive. A crew will make you work more effectively. The costs are not expected to go through the roof, as you won’t have to hire experienced individuals, and you don’t even have to hire them full-time. Maybe your children could help you. This way they’ll become accustomed to money and the process of earning it.

These are some simple steps you should follow if you want to start your own successful business. Investing in the right equipment as well as hiring a crew seem to be the most important things that will help you boost your businesses’ profits, gain and maintain new clients.

How to increase your business’ potential on a highly competitive market

Posted on Feb 5, 2018 in Business Tips

Luckily, the advance of technology came with numerous other advantages, in various areas of our lives. And maybe some of the most thankful individuals for new technological means are business owners. Smart apps and marketing solutions help rather small and new business grow in a sustainable way on the local market, while making business management easier than in the previous decades. For instance, finding a smart and affordable marketing tool like this Yellow Pages Zimbabwe based platform brings the amazing advantage of connecting with potential customers in a simplified fashion. Regardless of your company’s dimensions, you could surely benefit from one of the strategies presented below.

 

1. Enrol your company on a business directory

We mentioned in the beginning the importance of enrolling your company on such directories. These online tools are highly useful when it comes to connecting potential buyers with various companies, because an increased number of individuals that search for the products and services needed in such places. Nevertheless, these directories are amazing when it comes to marketing your business, specifically because of the same reason. Also, you can always be sure that those landing on your company’s profile, are truly interested in your services. These directories, because of the increased number of companies listed, are divided into multiple categories. This makes the searching process easier and those who land on your company’s profile are very likely to be interested in such services. So pay great attention when you create the profile. Do it in an appealing fashion, so you attract more potential customers.

2. Invest in web design services

Web design services come in great help when it comes to increasing a company’s profit, because they make the entire experience of your consumer easier. For instance, a research has shown that visitors are very likely to leave your website within the first minutes, if the interface lacks usability and an intuitive character. Because you want to avoid such situations, you must invest in professional web design services. Always search for professional agencies, because such important tasks cannot be let on amateurs’ hands.

3. Create social media accounts

Social media may not be the most important aspect of a business, but studies have shown that a business which dedicates their attention to building high-quality social media accounts, are more likely to experience increased numbers of sales. The local business environment may be highly competitive, but you want to make sure that you differentiate your business from others by several aspects. For instance, many companies rely exclusively on written content for their official social media accounts. Change the game by adding presentation videos. There are more types of consumers on the market and by neglecting a part of them will decrease your popularity, thus profits.

These are three approached that will certainly increase your business’ potential in a highly competitive environment. However, you want to make sure that you collaborate with reliable partners, able to deliver measurable results.

Government approved waste removal companies list

Posted on Dec 5, 2017 in Business Tips

 

Waste removal is of great importance, and becomes even more relevant when it comes to commercial waste disposal. If you are currently looking for the right company for a long term collaboration, you are probably having difficulties in selecting the right option, considering the wide variety of offers available on the market. In order to benefit from a proper removal process, and for everything to go by the book, you should always work with a firm that is government approved, such as the ones you will find at Southend Onsea. Why is this so relevant? The following aspects will help you reach a conclusion in this department:

Reliability

If a company cannot offer you clear proof that their activities have been approved by the government, how can you be certain that they are a reliable option for you? Reliability is an important selection factor, when you are searching for a rubbish removal firm, especially when your requirements are quite extensive. To be certain of this aspect, and to benefit from the promptitude and professionalism you want, you should limit your choices to approved skip companies only, and the options are various enough to allow you to come across the right offer for you.

Legal concerns

When you are resorting to a firm that has not been approved by the government yet, certain legal implications might arise. Because there is a wide list of waste types that should not be put in a skip, firms that do not have the necessary paperwork to offer services in this domain, might also not be properly documented in terms of hazardous waste. Therefore, the methods and removal waste could raise safety concerns. When you are hiring a company that has been on the market for a long term, and has the required license and necessary
GOV registration, legal problems will not be something you will need to worry about.

The best recycling policies

When disposing of waste, regardless of nature, recycling should be something you think about. If you are an environmentally friendly person, paying attention to this particular detail is a must. As long as a removal company has not been able to receive the permission of the government to legally function in this domain, it means they might also do not value recycling concerns. With a government approved skip firm, you can be 100 percent certain that recycling is being taken seriously, and any step required in this department will be followed. You can check the government’s legislation and regulations on waste removal when you are trying to find a company of this kind, just to make sure you are opting for the best offer.

In order for your waste disposal process to go smoothly, and to prevent dealing with any types of inconveniences in this department, collaborating only with a government approved skip company is the recommended thing to do. Regardless of the nature of your waste, or how extensive your rubbish removal needs might be, informing yourself about this particular detail before hiring a removal company or another is advised. The things mentioned above can come in handy, when you are in need of services of this kind.

Hiring a CPA for trust planning and administration – Things you should consider

Posted on Dec 2, 2017 in Financial

 

While many individuals present plenty of ways of managing and administrating an estate, on a very basic level, the topic of CPAs role in the matter is yet under-discussed. And while many of us can acquire basic information on the topic, it’s considerably more efficient to hire a CPA and let them professionally manage these matters since they certainly have a wider knowledge base and incredible sets of skills. Many seem to outline the importance of hiring a lawyer for estate planning and administration matters, but they seem to neglect the importance of hiring an accountant. Below we have some important information on the topic.

In estate and trust administration, CPAs play a great role

While managing an estate or trust, you may come to a conclusion that the tax requirements in the field are far beyond what you can deal with. In this case, a CPA or certified public accountant will help you. Many consider the option of hiring an EA. But, unlike CPAs, these specialists can only manage taxation matters, while CPAs will successfully deal with all accounting areas, so this comes as a bonus. However, you must remember that both EAs and CPAs are qualified to deal with taxes when it comes to estates and trusts. The main reason for which this happens is that trusts and estates don’t fall under regular public taxation regulations. In trusts’ case, CPAs can act as protectors as well. Consider the services of a specialist from Stephens & Nashland CPAs, when in need.

What is a trust protector?

A trust protector is an assistant of corporate trustees and trust beneficiaries in the process of managing and preparing taxes. Its powers are contractual, as stipulated, and they are described in the trust document. This is a very common practice for offshore asset protection planning and it’s an added safety measure for trustees and trust beneficiaries equally.

What duties have CPAs as trust protectors?

A trust protector has plenty of duties, one of the most important is that they can replace or remove a trustee. They can also resolve disputes between trustees and trusts, and, if necessary, replace the administrative bodies of the trust. Moreover, they can redistribute trust provisions and statuses, based on unexpected events that may appear in the lives of beneficiaries or even unexpected law changes.

CPAs or EAs?

Given the expanded powers of a CPA, specialists advise investing in the services of this kind of specialist. EAs can only manage taxation matters, while a CPA will act as an adviser and protector of trustees, beneficiaries and trust as an entity. As you can easily imagine, hiring a trustee is a far more advantageous solution.

These are some important aspects one should take into account when it comes to trust planning and administration. When in doubt, always opt for the specialist with extended capabilities, as they can help you in unexpected ways. Hiring a CPA for trust protection and administration can prove itself a wise decision. In most cases, trust lawyers must complement the services of a CPA.

You Know You’ve Found a Solid Adhesive Supplier When…

Posted on Nov 21, 2017 in Business Tips

 

Right now, the United Kingdom is home to more 3M preferred tape converters than ever before. Which stands to reason, given the way in which businesses of all shapes and sizes are making the permanent switch to industrial adhesive products.

In so many business settings – manufacturing in particular – the right adhesive product for the right everyday process can transform the way business is done.  From bringing expenses under control to accelerating output to making a real difference in terms of quality and consistency, it’s quite remarkable how big of a difference this relatively small change can make. Nevertheless, it’s all dependent on ensuring you take on the right adhesive product in the first place, working closely with the very best supplier available to you.

But with so many options to choose from, how can you ensure that your own custom adhesive supplier really is the best of the bunch? What kind of things should you be looking for, when looking to make such an important decision?

In short, there are essentially five easily identifiable signs that you’ve found yourself a keeper. So just as long as these following five boxes are appropriately ticked, chances are you’re working with one of the better custom adhesive suppliers out there:

1. They advise you every step of the way

First and foremost, you absolutely cannot put a price on the kind of invaluable advice and support an experienced adhesive designer and manufacturer can offer. From the moment you get in touch, it should be pretty clear that your satisfaction and the enhanced performance of your business are the biggest priorities for the manufacturer in question. By contrast, you should never be made to feel as if you are something of a burden, simply because you have plenty of questions to ask. Unless they are clearly willing to offer you the necessary support and advice every step of the way, you might want to think about taking your business elsewhere.

2. They present multiple solutions

Regardless of what it is you require industrial adhesives for, chances are there will be multiple viable options available to you. However, it’s highly unlikely that you will already be aware of these various options, prior to reaching out to the professionals. Contrary to popular belief, it isn’t the job of such third-party suppliers to simply provide you with what you ask for.  Instead, they should play a pivotal role in helping you determine what it is you need in the first place, in accordance with your requirements. It’s only upon exploring multiple solutions that you can then decide which represents the best option for your business.

3. They’re happy to offer samples

Samples and prototypes should be offered as standard by any manufacturer with confidence in their abilities. After all, if they genuinely believe that what they are offering is of the highest possible quality, what’s to lose in providing samples? Particularly if you intend to place a larger order at some point, the importance of obtaining examples beforehand cannot be overstated. As such, you know you’re onto a winner if the supplier you choose practically insists on offering samples or prototypes as standard.

4. Their products are guaranteed

And it’s exactly the same case when it comes to guarantees and warranties in general. When the products being offered are of the highest possible quality and consistency, satisfaction guarantees can be offered in confidence. By contrast, if there are any potential quality issues or discrepancies as far as consistency is concerned, it’s understandable that a manufacturer may not wish to offer guarantees. Suffice to say, it doesn’t take a genius to figure out which of these bodes best for your business. If you don’t want to run the risk of needlessly wasting time and money, only ever work with those that are willing to offer comprehensive satisfaction guarantees.

5. The feedback speaks for itself

Last but not least, one of the easiest and most accurate ways of choosing a quality adhesive supplier is to see what other customers have had to say about their products and services. Assuming they’ve been in business for even a modest amount of time, there will no doubt be plenty of feedback and testimonials available online for your inspection. Take a look through the archives, build an impression of what’s being said about the manufacturer and make your decision accordingly.

Criteria you must meet to obtain R & D tax credits

Posted on Oct 31, 2017 in Financial

Owning a business and struggling with each tax that has to be paid on time? This article is here to present you all the criteria you must meet in order to obtain a Research and Development tax credit. Even if you don’t know much about this topic, if you read the summary of info right here you will start understanding how important obtaining one of these credits actually is. R and D tax credits are supposed to encourage all the companies existent in each field of work to invest in their research/development sector. These kinds of credits were initially introduced in 2000 and since them big and small companies started investing in R&D. If you are interested in obtaining one, keep reading below the requirements you’ll have to meet:

LTD. company

First criterion to take into account is that your company should be a Limited one. Being an autonomous company means that you will gain the Limited suffix right after your business’ name. Your company should own all the existent profits, should be paying all the existent taxes and the rest of the money should be proportionally distributed to the existent shareholders and to the working capital. The main advantage of owning a Limited company is that you can increase your profitability much easier with the help of loans and credits. One drawback would be the fact that each share is sold privately. The raised capital is therefore somehow restricted.

UK registration

All you have to do to register your company in UK is set up the details and register online. When owning a Limited status company you need to pay a small amount of money for registration and it takes as little as 24 hours to have your business registered. You can also opt for registration via any specialist agent or third-party software. Once your company is finally registered you will obtain a certificate to use later on.

UK corporation taxes

Everyone knows that in UK corporation taxes are not something to worry about. The taxes regime is one of the factors that influence the overall economy of a country. As mentioned before, you can deal with paying corporation taxes online, with three months before actually starting your business. Buying, selling and other activities are implied. Register with your UTR number and specify the date where you are going to start working.

GAAP accounts

The Generally Accepted Accounting Principles represent a condition to obtain a Research and Development tax credit. There are three main sets of rules that a company has to follow regarding GAAP accounts: the accounting guidelines, the rules issued by FASB/APB and the industry practices that are accepted in the respective country. Owning a GAAP account means that you are actually respecting all the rules and standards you need to respect, including the accounting methods used.

 

 

Learn how to make a great first impression

Posted on Oct 10, 2017 in Business Tips

 

If you’re like other people, then you probably think that you have all the time in the world to make a good impression. The matter of fact is that it only takes a couple of seconds to wow people. It has been estimated that 7 seconds is enough to make a first impression.            But why does it matter what other businesspeople think about you? Because if you’re not perceived as being a professional, they will want nothing to have to do with you. No matter how hard you try afterwards, you won’t be able to undo the damage. People won’t treat you as the competent person that you are. We know the secret to making a great impression, so keep on reading.

Get a Honda Civic

This is undoubtedly the last piece of advice that you were expecting. However, there is a strong connection between the car that you drive and your professional appearance. It can be said that your vehicle is part of your image.  You can find an affordable Honda Civic for sale in Los Angeles. The question now is whether you really need one. Of course, you do. The right kind of vehicle says that you’re a powerful person, who isn’t willing to settle for less than the big prize. Honda Civic, in particular, is reliable and, most importantly, handsome. The engine is a peach, benefiting from 180 HP. As with regards to the infotainment system, it is out of this world.

Practice your handshake

As you have probably understood, you have only one chance to make a great first impression. You can arrive any car that you want, if you don’t know how to shake hands properly, it’s all for nothing. Besides the fact that you have to have confidence, you’ve got to be short and to the point. The handshake is very much similar to an acknowledgement, which is the reason why it must be brief. Not only do you have to extend your hand, but also, you have to make sure to maintain eye contact. The person should be able to tell what you’re planning to do.

Try to be interesting

You are eager to meet fellow businesspeople, but they may not be so eager to meet you. If you give the impression of being boring, you’ll not enjoy very much success. Can people really tell that you are at the event only because someone forced you to come? As a matter of fact, they can. If you’re there, at least make an effort. Don’t talk about the weather or trivial things. Speak business.