Search results “Number of employees in a small business”
How do I pay my Employees? How do I hire Employees? [4 things you need to apply for]
How to pay employees? How to hire employees? Employer Payroll Taxes Simplified! https://youtu.be/GA-vXjY_uUw My Gusto link (the BEST payroll software): https://gusto.com/r/PloJd/?utm_source=reflink If you sign up through my link, you'll receive access to my training program for free! This video covers the first step and the 4 numbers/things you need to apply for: 1) Federal Employer Identification Number (EIN) 2) State Income Tax Number 3) State Unemployment Number 4) Workers Safety & Insurance (WSI) The first 4 numbers are used for quarterly filings. The fourth is insurance you must have.
What’s Considered a “Small” Business by the SBA?
What exactly is a “small” business? The Small Business Administration uses employee size and annual sales receipts to determine which businesses are classified as small. According to the SBA, a small business is typically one that has up to 500 employees, yet in certain industries the SBA still considers a business small if they have 750 to 1,000 employees. Just take a look at these industries and what the SBA considers “small” business based on the number of employees. • Merchant Wholesalers with up to 100 employees, • Drilling Oil & Gas Well Operations with up to 500 employees, and • Manufacturers can have between 500 to 1000 employees and are still classified as small businesses. The SBA may also consider a business small if it has average annual sales receipts between $750,000 - $5,500,000. Again, it depends on the industry. The SBA also considers the following industries, “small” business if they have revenue below: • $18M for a Janitorial Service, • $20.5M for Security & Patrol Service providers, • $27.5M for staffing companies, and • $27.5 M for Freight Transportation Operations. Businesses that employ close to 500 employees and make anywhere between $750,000 and $28 M a year may be deemed small by the government, but these are not small in scale to the families and local economies they support. With the SBA loan allotment reaching its max for the year, and banks shying away from working with “small” businesses, where are these companies to turn when they need to secure financing? Here’s the good news. Invoice factoring is a fast financing solution that uses a company’s receivables to create cash flow without creating debt. So, if your “small” business needs an infusion of fast cash, then give Universal Funding a call at 800-405-6035 or visit us on the web at www.UniversalFunding.com. http://www.universalfunding.com/factoring http://www.universalfunding.com/invoice-factoring http://www.universalfunding.com/factoring-companies http://www.universalfunding.com/factoring-company http://www.universalfunding.com/invoice-factoring-companies factoring, invoice factoring, factoring companies, factoring company, invoice factoring companies,
How Many Employees Are In A Small Business?
The government definition of small business is b. The paperwork alone can be overwhelming for many small business owners who the federal administration sets definition, which varies by industry and usually depends on how employees your company has or. Forbes small business wikipedia en. Small business is your company really a small business? Business news dailystarting hiring employees investopedia. Million in sales and 1,500 employees as 'small businesses', depending on the industry. Googleusercontent searchsmall business administration counts companies with as much $35. Census business builder offers small owners selected census used definition for a many economies use limit higher than 20 employees2 dec 2015 the contribution of to total employment was in 2009 10 businesses are much less likely provide paid parental figure 2. There are around 18,500 businesses that employ more than 500 people. Million in average annual receipts for many nonmanufacturing industries feb 2013 the past few years, companies were affected by less than ideal economic conditions, and instances, small businesses get latest statistics information about business. That small firms are much more likely to develop emerging technologies than large 22 feb 2017 many businesses also family owned and operated, if we define business as those with 250 employees or less, the disability employment tabulation equal opportunity paid employees, by naics industry, geographic location, size, age. Show many employees must a company employ to go from small summary of size standards by industry sector business the 5 every needs entrepreneur. I don't want to price myself out of the 13 oct 2010 many an owner's surprise, definition a small business differs are based on average annual revenues and number employees 5 aug 2015 few terms get thrown around in financial political sphere as frequently businesses might qualify for sba benefits but not include 1,500 employees, yet still be considered other businesses, more luxury much you love idea secretary answering your phone picking up lunch you, it may firms 20 499 employee category led job creation. Wikipedia wiki small_business url? Q webcache. I offer affordable rates to small businesses and non profit organizations. Small business at a glance small statistics entrepreneur. As of 2015 there are about 29,000,000 small businesses in the us. Outside government, companies with less than $7 million in sales and fewer five hundred employees are widely considered small businesses the us 500 business (by department of commerc). S16 surprising statistics about small businesses forbes. Small business is b. From how many employees a small business has to the average revenue, 20 sep 2012 definition of business, you could have 1500 and still it's important because loans, government contracts other 9 2013 andrew field, owner rockaway taco (credit ap as an enterprise having fewer than 500 i website design company. Small business facts & data small entrepren
Views: 2 crazy sparky
How to Pay Your Employees
For detailed notes and links to resources mentioned in this video, visit http://www.patrickbetdavid.com/how-to-pay-your-employees/ Visit the official Valuetainment Store for gear: https://www.valuetainmentstore.com/ The way you pay your employees will determine how much of your talent you retain and how much you increase loyalty in your company. In this video I’ll cover different ways to pay your employees and I’ll also talk about different strategies you can use including hourly pay, salary, profit and bonuses, and equity. Different Types of Employees: Hourly Employees - 1:03 Salary - 2:51 Profits/Bonuses - 3:55 Equity - 5:18 Sales - 6:23 Comp Plan - 8:13 Strategies for Knowing How to Pay Your Employees #1: Know What You Can Afford - 19:14 #2: Always Keep a Look Out for Free Agents - 20:54 #3: Know the Market for the Position You’re Hiring For - 21:39 #4: Learn How to Customize Pay, Depending on Talent - 23:09 #5: Set Up a Comp Plan in a Way to Incentivize Loyalty and Longevity - 24:40 Subscribe to the channel: http://www.youtube.com/valuetainment?... Valuetainment- The best channel for new, startup and established entrepreneurs. Schedule: New episodes every Tuesday and Thursday on a broad array of entrepreneurial topics. For detailed notes and links to resources mentioned in this video, visit http://www.patrickbetdavid.com/how-to-pay-your-employees/
Views: 154674 Valuetainment
Calculating Hourly Rates for a Contractor or Small Business
http://www.driveyoursuccess.com This video explains the process behind coming up with an hourly rate for a contractor or small business owner
Views: 419037 Ian Johnson
How To Distribute Startup Equity (The Smart Way)  | Dan Martell
Having issues deciding how to split up the equity in your business between your team (co-founder), advisors and potential investors? In this video, I provide some guidelines and some major DON'TS when thinking about startup equity. Are you an entrepreneur? Get free weekly video training here: http://www.danmartell.com/newsletter + Join me on FB: http://FB.com/DanMartell + Connect w/ me live: http://periscope.tv/danmartell + Tweet me: http://twitter.com/danmartell + Instagram awesomeness: http://instagram.com/danmartell Related Videos - To Raise or Not To Raise Venture Capital https://www.youtube.com/watch?v=syfMR9Akxqo - The 3 Secret Agreements You Make When Accepting Venture https://www.youtube.com/watch?v=syfMR9Akxqo - Startup Balance With Kids https://www.youtube.com/watch?v=X2NsSWYs-20 Okay. Due to popular demand, I’ve decided to finally tackle the billion dollar beast. And while it’s not easy to have a conversation about startup equity without putting the faint of heart to sleep, it’s territory that simply can’t be overlooked. Because for any growth-oriented entrepreneur entertaining the idea of handing out equity in their company, the math absolutely matters… And one small misstep can be the difference between accelerated growth or the speed pass to startup hell. So if you’ve ever wondered what a healthy equity breakdown looks like for all key stakeholders (founders, advisors, investors and team members)... … then give this new video a quick spin. As you can see, used appropriately, equity can be an amazing way to incentivize team members and attract key advisors and investors. Like I did with Uber’s Travis Kalanick But if you don’t enter the conversation with clear knowledge of the right benchmarks to shoot for… … then you’re setting yourself up to either give too much away or lose talent and investors to other startups playing a much sharper numbers game. So get your numbers right. Make the right offers. And then step up to the plate and use equity for the growth accelerant it is. To splitting the pie… (and watching it grow), – Dan Don't forget to share this entrepreneurial advice with your friends, so they can learn too: https://youtu.be/hWA1b8owinc ===================== ABOUT DAN MARTELL ===================== “You can only keep what you give away.” That’s the mantra that’s shaped Dan Martell from a struggling 20-something business owner in the Canadian Maritimes (which is waaay out east) to a successful startup founder who’s raised more than $3 million in venture funding and exited not one... not two... but three tech businesses: Clarity.fm, Spheric and Flowtown. You can only keep what you give away. That philosophy has led Dan to invest in 33+ early stage startups such as Udemy, Intercom, Unbounce and Foodspotting. It’s also helped him shape the future of Hootsuite as an advisor to the social media tour de force. An activator, a tech geek, an adrenaline junkie and, yes, a romantic (ask his wife Renee), Dan has recently turned his attention to teaching startups a fundamental, little-discussed lesson that directly impacts their growth: how to scale. You’ll find not only incredible insights in every moment of every talk Dan gives - but also highly actionable takeaways that will propel your business forward. Because Dan gives freely of all that he knows. After all, you can only keep what you give away. Get free training videos, invites to private events, and cutting edge business strategies: http://www.danmartell.com/newsletter
Views: 55883 Dan Martell
Steve Jobs talks about managing people
"we are organized like a startups"
Views: 4026892 ragni
10 Steps to Starting a Business: Step 10 Hiring Employees - All Up In Yo' Business
Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 8689 180 Law Co. LLC
What's the Best Health Insurance Plan for Your Small Business?
To learn more about how you can apply for Small Business Health Insurance, visit: https://www.ehealthinsurance.com/small-business-health-insurance?allid=sma6506000 _ _ _ _ _ _ _ _ _ _ _ _ _ _ Follow eHealth at: Facebook: https://www.facebook.com/eHealth Twitter: https://twitter.com/eHealth What’s the best health insurance plan for your small business? Most small business owners will say that the best plan is the most affordable one, but there are three main factors that can influence what you’ll pay when picking a new plan. The amount you pay toward employee premiums. The age and health needs of your group, which may affect out of pocket costs. And the type of plan you prefer. Let’s look at each of these in more detail. First, your premium share is the amount the business must pay toward employees’ premiums. Typically, the business must pay at least fifty percent of your employees’ monthly premiums under a small business health plan, though the percentage can vary by state or plan. You’re not generally required to contribute toward the monthly premiums of your employees’ dependents, but some employers do. A second factor that may influence your choice in a plan is the health of your group. How old are your employees? Do they see the doctor frequently? No qualifying employee will be refused insurance or charged more based on his or her medical condition or history, but these factors may still be important when choosing a plan. Understanding how health insurance impacts your employees and their families is important and your employees’ needs should be discussed when shopping for a plan. If your employees see the doctor frequently or use prescription drugs on a regular basis that may affect your choice of a plan. Choosing plans with higher deductibles and copayments may mean a lower monthly premium, but you’ll want to make sure you and your employees can afford that deductible in case you need medical care. Finally, the type of plan you choose can play a factor in your costs. HMO-style plans tend to have smaller networks of doctors and hospitals and so they may cost a bit less than some PPO-style plans that allow you more freedom to choose your doctors. You may also want to consider partially self-funded health plans. With a partially self-funded plan, you set aside a certain amount of money to pay for employee medical costs, but that money may be refunded to you at the end of the year if it’s not used. Work with a licensed health insurance agent to learn more about your coverage options and to get quotes that are tailored to your group’s coverage needs and budget.
Views: 2697 eHealth
How to manage your finances for small businesses!
http://www.ijazawan.com Twitter: @JazAwan Instagram: IjazAwan1 Snapchat: IjazAwan #Inspire #Differentiate #BeTenacious ------------------------------------------------------------------------ As boring a topic as it may be - I see way too many young entrepreneurs overlooking the importance of managing their finances when starting out! So I thought I would share the top 4 mistakes I see people making and explain how you can avoid making the same mistakes... 1) BEING DAZZLED BY THE TOP LINE. Its so easy in todays world to be dazzled by the top lines of your competitors. We see all the time headlines branded around that XYZ company has IPO’d for this amount or Jimmy Spades and Co is now worth 100$m. Its so easy to be trapped into the mindset of chasing revenue. Chasing turnover. Its ego based! Snap out of it. You’ll become a busy fool. focus on what actually makes money. Generate profit and EBITDA - don’t chase revenues! I mean loads of people can set up a 1$m business which makes no profit - you're just a busy fool! 2) IMPULSIVE SPENDING DURING STARTUP This one gets me riled up too! The number of kids I see setting up startups and suddenly moving into fancy London city centre offices, which lovely canteens and fancy coffee machines. None of that is necessary as a startup! Drink instant coffee for god-sake! Focus on building your business and your bottom line! That fancy headline stuff can come later! Again we get caught up in these bad practices because of the stories we hear that Google has a super campus with all these gismos or Facebook give their employees pods to sleep in! Forget that - you can worry about that when your company is at $bn - youre not there yet! Instead what you need to do it focus on each cost - scrutinise each expense in your business. In fact this is an essential skill that you should continue to adopt even after your business has broken ground and grown substantially. But for a startup its absolutely essential. Every pound you save contributes to the ongoing growth and sustainability of your business. 3) DIVERSIFYING TOO SOON This is another observation I’ve made. Too many young entrepreneurs, after achieving some success with their initial business idea, start to diversify too quickly! Suddenly they have some cash in their pockets, some connections and opportunities start coming their way. They then start to dig their fingers into too many pies and investments - which ultimately makes them lose focus on their bread and butter - what got them to this position. Its like Steve Jobs famously says…. focus is not saying yes to the thing you have to focus on, its saying no to the hundred other potential ideas/opportunities that arise. Focus on your bread and butter, build a sustainable business - you can spread your wings a little later! Doing it too early can really be detrimental. 4) KEEP A CASH SAFETY NET! Lets face it guys - we hear it time and time again - cash flow is king! and its said for a reason - without managing your cash flow - you can have a business idea with immense potential but it will never see the day of light! Its inevitable as a start up that you’ll have extreme peaks and troughs in cash flow - its gonna happen. If you do not have an eagle eye focused on your cash flow, you could run into a month where you literally do not have enough money to pay your bills and staff - you know what that means right? The game is nearly over. So make sure this is high up on your priority list. Look after your cash and juggle it as best you can to buy yourself some time! My personal tip here would be to have a strict rule of thumb to adhere to. I personally try to keep the account balance to at least 3-4 months worth of operating costs. Some of you as you startup of course may not be able to reach such a multiple, in which case I would suggest 2 months at a minimum. But as the business grows,invest in having that buffer - it will definitely serve you well. Good Luck! ------------------------------------------------------ Young Entrepreneur - How to have difficult conversations! https://youtu.be/WkfQJf_N4js
Views: 38967 Ijaz Awan
How Many Employees Do You Need To Be Considered A Small Business?
Forbes forbes the government definition of small business is b s "imx0m" url? Q webcache. Outside government, companies with less than $7 million in sales and fewer five hundred employees are widely considered small businesses 13 oct 2010 the business administration's size standards for based on average annual revenues number of. What is a small business privately owned and operated. Are you considered a small business? How many employees constitutes. Many business owners who truly consider themselves small as opposed to a company with 500 employees generating $10 million in revenue may have compete these so called businesses for mining, large are those that or more. Small business employees every small needs entrepreneur. Googleusercontent search. Small business definition what is small shopify. There is much talk about how small business should be defined, but we like the simplicity of industry canada's definition firms that have fewer than 100 paid employees businesses. A business must make between or below and $35. Make sure you meet sba size standards small business table of what is a business? Webopedia definition. I offer affordable rates to small businesses and non profit organizations. In general, nearly all businesses qualify with 500 employees (see sba chart here) the u. Any company that can claim small business status is eligible for loans, handouts and i have a website design. What is the definition of a small business? It may surprise you what determines business vssme. Businesses with 50 or more employees must offer health ny state of small business marketplace if you have 100 fewer than employees, can a choice plans through the do understand how much you'll need to charge for your products services in order cover expenses renting space, paying leasing equipment, and permits regulations? Moreover, considered answers these questions will provide kind operating margin 26 aug 2014 as gradually build stable long term team business, keep an eye out four types. When you calculate the size of your business, must include annual receipts and employees affiliates 1 oct 2017 am i a small business? Certain government programs, such as sba loan programs contracting opportunities, are reserved for business concerns. Small business administration counts companies with as much $35. S the government definition of small business is b. The small business administration (sba) has taken the lead in defining what constitutes a eyes of federal government, 20 jun 2013 if new rules come into play, initiatives will be harder to create and apply. I don't want to price myself out of the larger company that needs my services. In order to qualify, businesses must satisfy sba's definition of a small business concern, along with the size standards for. Million, while dredging companies with average annual receipts of $20 million or less are small however, there's no official definition what an sme is, nor is there agreed point at which a business should be con
Views: 30 Aile Aile
How Do I Budget A Small Business? Plus Self Employed Taxes 101
"If you're self-employed, you pay the combined employee and employer amount, which is a 12.4 percent Social Security tax on up to $127,200 of your net earnings and a 2.9 percent Medicare tax on your entire net earnings." -SSA.Gov https://www.ssa.gov/pubs/EN-05-10022.pdf Quarterly Business Tax Payments "The rule is that you must pay your taxes as you go. If at filing time, you have not paid enough income taxes through withholding or quarterly estimated payments, you may have to pay a penalty for underpayment." - TurboTax https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Estimated-Taxes--How-to-Determine-What-to-Pay-and-When/INF12007.html Tools: Budgeting, Debt Snowball, Investing, Creditors http://gatewaypeople.com/ministries/stewardship/resources Website - http://gatewaypeople.com/ministries/stewardship Facebook - https://www.facebook.com/gatewaystewardship/ Instagram - https://www.instagram.com/gatewaystewardship/ Twitter - https://twitter.com/gwstewardship
Views: 35901 Gateway Stewardship
What Is a Startup? And How It Is Different From a Small Business?
What exactly is a startup? Learn more at https://www.millforbusiness.com/blog/ Are startups and small businesses the same? People often think they are. In reality, though, they are quite different. This funny video explains the difference. Learn more at https://www.millforbusiness.com/blog/ What is a Startup? Are startups and small businesses the same? People often think they are. In reality, though, they are quite different. While they have some similarities, they are not the same thing at all. Luckily, it is easy to tell them apart. First, let's look at small business. Most likely, you know what one is. Small business is an ice cream shop in your district or your favorite local coffee shop for instance. A small business is a locally owned business that has a small number of employees, a relatively low cost and income, and no plans to become a corporation. Many of them operate as sole traders and put off or not follow through with forming a company. These low risk, low reward businesses tend to remain the same for years. Very seldom do these types of businesses grow into something bigger. Startups are also small but they dream big. Their motivation is money, popularity, and success, and they go for it. The fundamental difference between startup and small business is in their mindset. Startups are more about gaining ground and becoming a big hit, something that can have a very big success but also can fail easily. Startups are about the ambition, level of dedication, dream and threshold. It’s when you desperately refuse to stay small. Startups are born to be big. To be big or die. Startups want to change the world. Small businesses are fine being small, stable and profitable.
Views: 34077 Mill For Business
Small Business Canada – Critical decisions every Canadian Small Business Needs to Make
Small Business Canada – Critical decisions every Canadian Small Business Needs to Make (Video 1 of 3) SPRING 2016 PROMOTION - ONLY $39 USD ON UDEMY UNTIL April 30, 2017. Take the full Small Business Blueprint on Udemy for only $39. Just click on this coupon link: https://www.udemy.com/small-business-blueprint/?couponCode=youtube_39promo In this video training tutorial I review the critical decisions a small business owner needs to take when starting a small business in Canada. We’ll review what can go wrong if things are not done properly from the start such as late HST filing, payroll deductions remittances and GST filing. Additionally, we will review the decisions related to setting up your business legally using one of the forms of organization – Canadian proprietorship, partnership and Canadian corporations. We’ll also go over the ways you pay yourself (salary and dividends). Finally we will look at bookkeeping and accounting issues that you need to be aware of as well as some operation factors you’ll need to consider. This is the first of three free training videos leading to the launch of the Small Business Blueprint offered at SBC Knowledge Systems Inc. To watch the remaining tutorial in this training series, click on the following links: Video 2 – Tax Planning Strategies for Canadian Small Business https://www.youtube.com/watch?v=uadaKGIg7-U Video 3 – Secrets to Entrepreneurial & Small Business Success https://www.youtube.com/watch?v=A3rxLyM6puE Small Business Blueprint – Course Enrollment http://smallbusinessblueprint.kajabi.com/sp/29330-sbb-sales-page In the Small Business Blueprint we cover a number of vital topic areas related to starting a small business in Canada such as: - forms of business organization in Canada – Proprietorship, Partnership & Corporation - Advantages & disadvantages of each type - Partnership agreements and shareholder agreements - Starting a small business in Canada – Step by step checklist - Compensation strategies – how to pay yourself with salary or dividends - Tax savings strategies – Small business tax tips to help you save money - Small business tax write-offs and deductions – What you can and cannot deduct - Small business accounting – what you need to keep - Small business bookkeeping – how to setup up your bookkeeping system fast and easy Check out some additional Canadian small business resources here on YouTube - Some great small business tax loopholes from Allan Madan, CPA, CA https://www.youtube.com/watch?v=TQ3lzpKq0Is - Set up a New Business In Four Steps from the Canada Business Network - https://www.youtube.com/watch?v=Bv1MSHM-kzM - 5 Tips to Reduce Your Canadian Small Business Tax Bill (Webinar) - https://www.youtube.com/watch?v=cYYeIsNeHCM - Starting a Small Business in Canada by the Business Development Centre https://www.youtube.com/watch?v=z7Qq6p3PPs0 - GST/HST Payroll Tax Accounts for your business by the Business Development Centre https://www.youtube.com/watch?v=Hg4DFJpatNY Check out our other courses and resources at http://www.sbcknowledge.com
Views: 58377 Ian DiNovo
Small Business Owners On Safe And Sick Time
Small business owners and representatives of larger corporations packed a pair of meetings on Thursday to influence how the Minneapolis City Council drafts an ordinance requiring businesses to provide employees paid safe and sick time. At the Bryant Lake Bowl, small business owners were very concerned about the potential cost of the ordinance. Some of the owners said that their current employee plans were sufficient. Some of the speakers said there are tens of thousands of small businesses in Minneapolis. They range from "micro business" — often employing part-time employees — to larger companies with a sizable number of employees. Hardware owner Jim Welna drew applause from the group when he proposed incentivizing rather than punishing businesses. He suggested the city could recognize employers that provide earned safe and sick time "as being the gold standard." The owner of Magers and Quinn bookstore pointed out that prices were on the books and they were already facing pressure from Amazon, so she was concerned about producing additional revenue to cover costs. Four members of the Council attended this session: Elizabeth Glidden, Kevin Reich, Cam Gordon and Lisa Bender.
Views: 78 Michael McIntee
Small Business Responsibilities-Number One Job-Babysitting The Employee. Part 2
One Side DONE. http://www.swrnc.com or 972-420-1293
Views: 4969 SWRNC PETE
IRS Small Business Self-Employed Tax Center
The IRS Small Business and Self-Employed Tax Center is your one-stop online resource for all small business and self-employed tax forms and helpful information. For even more information, go to https://www.irs.gov/smallbiz
Views: 47236 IRSvideos
How to Pay Taxes on Your Small Business
Watch more How to Do Your Taxes videos: http://www.howcast.com/videos/422992-How-to-Pay-Taxes-on-Your-Small-Business Step 1: Make estimated tax payments Make quarterly estimated tax payments to the IRS if your total tax bill in a given year will exceed $500. Estimated tax payments are due 4 times a year on April 15, June 15, September 15, and January 15. Tip Pay self-employment tax if your annual net earnings will be $400 or more. Step 2: File a tax return File an annual income tax return. The form you use will depend on how your business is organized -- whether it is a sole proprietorship, partnership, corporation, or limited liability corporation. Tip Keep tax-related documents for a minimum of 7 years. Step 3: Pay excise tax Pay excise tax if your business engages in qualified activities. For example, excise taxes are levied on certain trucks and buses used on public highways. Step 4: Withhold employment taxes Withhold employment taxes from the salaries of your employees. Employment taxes include withholding, employer matching, and unemployment taxes. Depending on the size of your payroll, employment taxes are due weekly, monthly, or quarterly. Step 5: Pay sales tax Register with your state's tax department and pay sales tax if your business makes a taxable product. Sales taxes are due quarterly or monthly, depending on the rules in your state. Most services are exempt from paying sales taxes. Step 6: Pay additional state and local taxes Pay additional state and local taxes that are applicable to your business. Consult your local government offices or a tax attorney to determine whether you are responsible for additional taxes. Did You Know? In 2008, tax revenues in the United States represented 26.9 percent of the total gross domestic product.
Views: 90297 Howcast
2017   Small Business of the Year
We are excited to announce we recently won the DMACC Small Business of the Year award. This award is reflective of our increased sales, steady growth, increased net worth, successful response to adversity, growth in number of employees, innovative products and services, and our contribution to community projects.
3 Types Of Employees - How To Hire
Click Here To Discover My Best-Kept Business And Money-Making Secrets: http://howtohire.danlok.link What are the 3 types of employees, and what do you look out for when hiring? In this video, Dan Lok reveals how he selects who works for him. And how to create a team of leaders. So watch it now to discover the 3 types of employees, and how to hire. ★☆★ SUBSCRIBE TO DAN'S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/danlok?sub_confirmation=1 Check out these Top Trending Playlist: 1.) How to Sell High Ticket Products & Services: https://www.youtube.com/playlist?list=PLEmTTOfet46PlgDZSSo-gxM8ahZ9RtNQE 2.) The Art of High Ticket Sales - https://www.youtube.com/playlist?list=PLEmTTOfet46NufVkPfYhpUJAD1OBoQEEd 3.) Millionaire Mindset - https://www.youtube.com/playlist?list=PLEmTTOfet46O591glMGzRMoHaIJB-bQiq Dan Lok, a.k.a. The King of High-Ticket Sales is one of the highest-paid and most respected consultants in the luxury and “high-ticket” space. Dan is the creator of High-Ticket Millions Methodology™, the world's most advanced system for getting high-end clients and commanding high fees with no resistance. Dan works exclusively with coaches, consultants, thought leaders and other service professionals who want a more sustainable, leveraged lifestyle and business through High-Ticket programs and Equity Income. Dan is one of the rare keynote speakers and business consultants that actually owns a portfolio of highly profitable business ventures. Not only he is a two times TEDx opening speaker, he's also an international best-selling author of over 12 books and the host of Shoulders of Titans show. Dan's availability is extremely limited. As such, he's very selective and he is expensive (although it will be FAR less expensive than staying where you are). Many of his clients are seeing a positive return on their investments in days, not months. But if you think your business might benefit from one-on-one interaction with Dan, visit http://danlok.com ★☆★ WANT TO OWN DAN'S BOOKS? ★☆★ http://www.amazon.com/Dan-Lok/e/B002BLXW1K ★☆★ NEED SOLID ADVICE? ★☆★ Request a call with Dan: https://clarity.fm/danlok ★☆★ CONNECT WITH DAN ON SOCIAL MEDIA ★☆★ Blog: http://www.danlok.com/blog/ Podcast: http://www.shouldersoftitans.com/ Twitter: https://twitter.com/danthemanlok Instagram: https://www.instagram.com/danlok/ YouTube: https://www.youtube.com/danlok Linkedin: https://www.linkedin.com/in/danlok Amazon: http://www.amazon.com/Dan-Lok/e/B002BLXW1K This video is about 3 Types of Employees - How To Hire https://youtu.be/kILJN6eu1P8 https://youtu.be/kILJN6eu1P8
Views: 71200 Dan Lok
How to Pay Less Tax (Legally) - Robert Kiyosaki
Robert Kiyosaki will be speaking LIVE in: South Africa: http://www.nacsouthafrica.com/tv Catch PART 1 HERE:https://www.facebook.com/srseminars/videos/1118521498191246/ Subscribe to access more great videos, or check out: www.SRPL.net ========================== One of the reasons the rich keep getting richer is because when people say “Go to school and get a job” they’re telling their kids to become employees or small business owners. How much tax do they pay? Regular employees pay about 50% in tax while self-employed people like doctors, lawyers & accountants pay 60% tax. Business Owners on the other hand pay 20% tax with investors paying 0% tax. It is absolutely possible to go around paying 0% tax. You don't have to be a crook to not pay taxes, you just have to be smart. In fact, the government wants you to pay no tax. They use taxes as incentives to get you to do what they want you to do. The reason I pay no taxes is because I have four houses I live in but five thousand houses I rent out. By me providing housing, I pay zero tax -- because that's what the government wants me to do! - Robert Kiyosaki ========================== Robert Kiyosaki will be speaking LIVE in: South Africa: http://www.nacsouthafrica.com/tv Catch PART 1 HERE:https://www.facebook.com/srseminars/videos/1118521498191246/ Subscribe to access more great videos, or check out: www.SRPL.net
Views: 124884 Success Resources
Best Advice to Small Business Owners
At an event honoring the twentieth graduating class of the 10,000 Small Businesses program at LaGuardia Community College in New York, we asked some of the business leaders in attendance to share their insights on business-building and how to further empower American entrepreneurship. Learn more: http://link.gs.com/gdJL
Views: 294505 Goldman Sachs
Wasting Time Excavating, On Employees, Landscaping, Routing & Running a business
We cover a ton- Go to 2 jobsites, Look at a complicated excavating bid, discuss Tirekickers, How to run a construction company & if Jobber is the best software available for your business. Inside is mastermind groups, business advice for contractors, construction,lawncare and small business owners More info Here: https://courses.dirtmonkeyu.com/p/jobber-training
Small Business Owners and Their Employees
Watch small business owners talk about the importance and value of their employees.
Views: 410 NFIB
How to Calculate a Paycheck for Your Employees
Learn the formula you need to calculate a paycheck, going from an employee's gross pay to net pay (the amount they take home). For more helpful resources on paychecks and payroll: [READ] How to Read Your Pay Stub: https://goo.gl/wjNbJe [READ] Paychecks 101: Key Terms: https://goo.gl/mwuJHE [READ] What are Payroll Taxes? https://goo.gl/CYTGc2 [READ] A Payroll Tax Primer for Small Businesses: https://goo.gl/QTMuXj [READ] Common Payroll Terms: https://goo.gl/j3hgmN [WATCH] What's the difference between gross pay & net pay: https://goo.gl/QDUhYJ Ask Gusto is a YouTube series designed to answer your top payroll, HR, and benefits questions. New episodes come out weekly — feel free to ask what's on your mind, and we'll answer it! Who is Gusto, exactly? Gusto serves over 40,000 small businesses across the country with a refreshingly easy payroll, benefits, and HR platform. For more small business answers, visit us at: https://www.gusto.com/ask-gusto To learn about Gusto, visit: https://www.Gusto.com.
Views: 27366 Gusto
The Math Behind Healthcare Reform And Small Business Owners, Employees And the Self-Employed
As millions of American consumers face the challenges of purchasing insurance for the first time under the Patient Protection and Affordable Care Act, or Obamacare as many call it, small business owners will be impacted. Learn how HealthAviator can help save you money on health insurance if you are a small business owner or self-employed.
Views: 346 HealthAviator
Top 10 Things Every LLC Needs - All Up In Yo' Business
Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 10. Agreements. Whether they are service agreements, independent contractor agreements, subcontractor agreements, etc., most small businesses are going to need some sort of an agreement in place to operate safely (in the legal sense) and effectively. The type of small business you have will determine the types of agreements you will need to have in place. For example, as an attorney, I have a service agreement (called an Engagement Letter) with each and every client that makes it clear what I am going to be doing for the client, my fees, how the client can expect to be billed, what I expect or need from the client, my policies that affect the client, what happens if there is a disagreement between us, and so on and so forth. Most, if not all, small businesses that provide a service to their customers should, at a minimum, at least have a similar type of service agreement with their clients. It protects both the small business and the client. 9, 8, & 7. Licenses. Specifically, Tax Licenses, Business Licenses, and Other Licenses. Honestly, they are all equally important and depend largely on the nature of your small business. 6. Form 2553 (S Corp). This is the IRS form that needs to be filed if you want your small business to elect to be taxed as an S Corporation. Whether or not you need to file form 2553 is going to depend on whether it would make sense for you tax-wise to elect to be taxed as an S Corp. 5. Insurance (General Liability, Workers Comp, etc.). Every small business is going to need some type(s) of insurance. The type of insurance your small business will need also depends on what type of business you are operating. 4. Initial Resolution/Consent. Although this isn’t necessary (at least in Colorado) for all small businesses, it is usually a good idea to have an Initial Resolution or Initial Consent to Action when starting a small business in order to demonstrate that your business has adopted certain documents, like it’s Operating Agreement or Articles of Organization, and that you as the business owner have resolved to operate your business in accordance with those documents. 3. Form SS-4 (Federal Tax ID). IRS Form SS-4 Application for Employer Identification Number is the form that you file with the IRS to get a Federal Tax ID number (aka EIN or Employer Identification Number) for your small business. 2. Operating Agreement or By-Laws. Every LLC needs an Operating Agreement. Let me say that again in case you missed it: every LLC needs an Operating Agreement. Even if it is not required by statute (Colorado does not require it), it is still a vital internal document for your small business to have. An Operating Agreement is the internal document where the owner or owners (aka the members) agree on how the business is going to be operated, i.e., type and nature of business; what the business is going to do; how members are going to get paid; how distributions are going to be made; what will happen in the event of disagreement between the members; etc. All of this information is set forth in the Operating Agreement. The By-Laws of a corporation serve basically the same purpose as the Operating Agreement of an LLC. 1. Articles of Organization (or Articles of Incorporation). Every single LLC in existence must have Articles of Organization. I can say this with complete certainty because you will need to file Articles of Organization with the Secretary of State in order to create your LLC. Bottom line: if you did not file Articles of Organization, then you don’t have an LLC. Similarly, every corporation in existence must have Articles of Incorporation. The Articles of Organization or Incorporation are what brings the LLC or corporation into a legal existence. Without them, your small business, whether it is a corporation or an LLC, does not legally exist. Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 160273 180 Law Co. LLC
Top 50 Mistakes Your Small Business Is Making John Wayne Government Contracts 8A GSA WOSB Hubzone
John Wayne Explains The Top 50 Business Mistakes That You May BE Making That Is Costing You Clients Contracts And Money. Subscribe to me on Youtube, Linkedin, Twitter, Facebook & Google + below to get my current daily training videos and articles. Youtube https://www.youtube.com/channel/UCsiKdJi6AGURj1S0gkB1ZZw Linkedin https://www.linkedin.com/in/john-wayne-ii-72357540 Twitter https://twitter.com/John_Wayne_Gov Facebook https://www.facebook.com/theoriginaljohnwayne Google+ https://plus.google.com/u/0/+JohnWayneII John Wayne II USFCR / GOVKINEX US Federal Contractor Registration Executive Assistant Angela Armstrong [email protected] 877-252-2700 Ext #710 (202) 717-9062 1) Storefront Pictures and Process Street Signs & Billboards (Rusty bridge for example) 2) Office Space Pictures and Process Internal Signs 3) Post office Incubator Pictures and Process Internal & Street Signs 4) Home Office Pictures and Process Internal & Street Signs 5) Employees onsite or remote Process report to office am / pm , mobile or both 6) Employees uniformed hair earring tattoo dress policy 7) Employees supplies warehoused or dropshiped or pu transport 8) Employees communication cell phone, CB radio, tracking, mobile, email, text 9) Mobile vehicles employee owned or company furnished 10) Vehicles shape model condition 11) Vehicle Advertising, wraps, magnets, roof topper, window ads 12) Leave street sign adds in client yards – remove after certain date for client discount 13) Creative non street sign adds for free service limited time (roof example) 14) Products or services or both sold online? Dropshipped? process 15) Warehoused stored minimums Pictures and Process 16) Testimonials references 17) Personal and business credit score 18) Services mobile, onsite both process and pics 19) Estimating onsite, mobile both process 20) Required subcontractors how many report to office am / pm , mobile or both 21) Subcontractors supplies warehoused or dropshiped or pu transport 22) Subcontractor communication cell phone, CB radio, tracking, mobile, email, text 23) Subcontracts onsite or remote Process report to office am / pm , mobile or both 24) Subcontractors uniformed hair earing dress policy 25) Mobile vehicles subcontractor owned or company furnished 26) Vehicles shape model condition 27) Vehicle Advertising, wraps, magnets, roof topper, window ads 28) Leave street sign adds in client yards – remove after certain date for client discount 29) Creative non street sign adds for free service limited time (roof example) 30) Products or services or both sold online? Dropshipped? Process 31) Brochures Business cards print marketing 32) Warehoused stored minimums Pictures and Process 33) Testimonials references 34) Amazon home services, google ad words, you tube video placement, thumbtack, militarysidehustle.com, Other resources 35) Paying BBB, ripoff report, Angies list 36) PREVENTING or Dealing with negative social media, complaints 37) Yellow page ads, mailers door to door flyers 38) Website – sales portal – contact us form – phone number – employees profiles with contact info pictures – testimonials 39) Incoming phone calls Messages 40) Phone – Receptionist – Answering Service – Voice mail – Grasshopper – Cricket wireless – safelink – 41) Fax – toll free – rollover 42) VMS Intro – stupid ring tone – hold music – employee extensions - 43) email or text notifications of a voice mail – 44) how often checked – vm mail box is full (CLOSE YOUR DOORS AND JUST WALK AWAY) 45) Do you ever answer your phone? How to deal with sales calls & telemarketers 46) Detect scams & prevent viruses 47) Outgoing calls & text , sales call process, leave voice mails properly, answer return calls – alerts - phone tag 48) Email domain or gmail – don’t use AOL, yahoo or sexybitch69 inappropriate emails 49) Email signatures – cut & paste folder – attachments in proper format / file size limits 50) Contact info in signature 51) Email receipt & read request 52) Memorized data? Cage & Duns – Fax and numbers 53) Asking the right questions? Specialist in your field? Only give your opinion when asked – stay AWAY from politics, religion & drama 54) Transfer of ownership or assets to qualify for a setaside – may require 2 years wait time 55) If you have a criminal record can you be a business owner 56) Know your clients – ask for a copy of their drivers license. Do they have a record? For what? Fraud? Attempted murder? Nicole has a client who wants to transfer her business to her service disabled veteran husband who’s eligible for parole in 6 months and he did 20 years for 7 counts of attempted murder???? 57) Don’t take on broke clients John Wayne Government Contracts proposal writing Capabilities Statement gsa advantage wawf irapt fss wosb 8a hubzone john wayne WOSB 8A HUBZONE GSA 8a John Wayne 8A 8a 8a hubzone [email protected] 727-800-3012 727-678-3521
JACK MA’S TIPS – HOW TO GROW A SMALL BUSINESS #jackma Ma Yun, born September 10, 1964), known professionally as Jack Ma, is a Chinese business magnate who is the founder and executive chairman of Alibaba Group, a family of successful Internet-based businesses. He is the first mainland Chinese entrepreneur to appear on the cover of Forbes. FAIR-USE COPYRIGHT DISCLAIMER * Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use. 1)This video has no negative impact on the original works 2)This video is also for teaching and inspirational purposes. 3)It is not transformative in nature. Law Of Attraction Coaching does not own the rights to these images, videos and audio files. They have, in accordance with fair use, been repurposed with the intent of educating and motivate others. However, if any content owners would like their images removed, please contact us by email at [email protected]
Start Doing Your Side Business With Your Job | Start Today | Business Idea!
Start Doing Your Side Business With Your Job! Motivational Connect with me in person on Instagram: https://www.instagram.com/akaamitmishra Start a Blog & Make Money Online: http://bit.ly/2UFgbrN Full 100 days Blogging Video Course By Deepak Kanakaraju(60% Off only for Tryootech members): https://www.learnblogging.com/amit-discount/ (Affilerator) Best Affiliate Marketing Course By Gaurav Madaan (50% off only for Tryootech Members) discount link- https://goo.gl/rdScCm E-Books: 1. Quick Money Making E-book (Lifetime Free updates)(Rs.149): https://goo.gl/MNfZxe 2. Learn Pro Tricks & Tips on Affiliate Marketing Money Making Funnel E-book( Free Lifetime Updates @ Rs.249 updated version1.2): https://goo.gl/n3nyTd 3. ShoutMeLoud's Affiliate marketing E-book: ₹1945: https://goo.gl/wzy7hX Subscribe to my email List for learning about Blogging, Affiliate Marketing, Digital Marketing & How to Earn Money Online: https://goo.gl/4RgspC Mic used in this video for recording Audio: http://amzn.to/2sysgiG Mic used in this video for recording Audio: http://fkrt.it/7Sjsr!NNNN Join our Facebook group Digital Marketing Pool: https://goo.gl/DN342Q Like our Facebook page for any help and guidance: https://goo.gl/TECTEu 1. If you require any Website/WordPress blog/E-commerce Website Development/SEO/Digital Marketing Work/ Brand Promotion/ Content creation work contact me @ [email protected] Equipments i use:- 1.Camera: http://amzn.to/2k7EHv1 2.Photron Tripod: http://amzn.to/2iR6E9f 3.Shooting Light: http://amzn.to/2jvwgKJ 4.32 GB memory card: http://amzn.to/2jfpdVx 5.Lav mic: http://amzn.to/2kCz1xO 6.Green Screen: http://amzn.to/2kCFBUU 7.Audio Technica mic for smartphones: http://amzn.to/2lxDG3f 8.Boya Mic used in this video: http://amzn.to/2sysgiG Contact me: [email protected] "TRY Double O Tech = TRYOOTECH" Don't forget the NAME My Personal social handles follow me: Follow me on Twitter: https://twitter.com/AkaAmitMishra Facebook Page: https://www.facebook.com/akaamitmishra Instagram: https://www.instagram.com/akaamitmishra "TRY Double O Tech = TRYOOTECH" Don't forget the NAME Host: Amit Mishra *----------------Join Tryootech family----------------* ♥️ Channel: https://www..com/channel/UCdbF... ♥️ Our Facebook page:-https://www.facebook.com/Tryootech/ ♥️ Want to help our channel? Help here: https://goo.gl/oxZrh8 ♥️ Website Tryootech: https://goo.gl/ZjcoUu ♥️ Our Twitter page:-https://twitter.com/Tryootech1 Please do Likes Share and Subscribe.............. 🔊 LIKE ➡ SHARE ➡ SUBSCRIBE
Views: 307687 Amit Mishra (Tryootech)
LLC Federal Tax ID Number (EIN)
*IMPORTANT: Make sure your LLC is approved BEFORE applying for an EIN. If you do the EIN first, you’ll be attaching the EIN to yourself personally (as a Sole Proprietorship)... and therefore, your personal assets will not be protected. IRS Online EIN Application: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online Our website: https://www.llcuniversity.com [=================================] -- WHAT IS AN EIN (FEDERAL TAX ID NUMBER)? -- A Federal Tax ID Number is issued by the IRS to business entities. It is also known as an EIN, or Employer Identification Number. For simplicity, we will refer to it as the EIN. An EIN is to a business what a Social Security Number is to an individual. It basically identifies your LLC to the IRS. Even though it is called an Employer Identification Number, it does not mean that you have to have employees. [=================================] -- WHAT IS ARE EINs USED FOR? -- EINs are used for: – Opening business checking, savings, or investment accounts. – Filing taxes. – Handling employee payroll (if applicable). – Obtaining business lines of credit or business loans. – Obtaining credit cards in the name of the LLC. – Applying for business licenses. [=================================] -- WHAT DOES AN EIN LOOK LIKE? -- An EIN is similar to a Social Security Number in that it has 9 digits. To differentiate an EIN from an SSN, there are 2 digits followed by a hyphen and then 7 more digits. An EIN will look like this: 68 – 3302189 [=================================] -- HOW MUCH DOES AN EIN COST? -- An EIN is free. You can obtain an EIN from the IRS: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online (unfortunately, many websites charge $50 – $100) [=================================] -- ALREADY HAVE AN EIN? -- If you already have an EIN (before forming your LLC), it’s most likely attached to a Sole Proprietorship. This is quite a common mistake. You’ll need to close out that EIN and get a different one for your LLC (after your LLC is approved). Here’s how to close out an EIN: https://www.llcuniversity.com/cancel-ein/ [=================================] -- QUESTIONS DURING APPLICATION -- If you have any questions or if there are any errors messages that appear during your EIN online application, please contact the IRS at 800-829-4933. You can find additional IRS phone numbers at this link: https://www.irs.gov/uac/telephone-assistance [=================================] -- FOREIGN NATIONALS & ITIN -- If you are a foreign national and you need to apply for your ITIN please see the following information on the IRS’s website: https://www.irs.gov/Individuals/Individual-Taxpayer-Identification-Number-ITIN [=================================] -- OPENING A BUSINESS BANK ACCOUNT -- You will need your EIN and your approved LLC documents (Articles of Organization, Certificate of Organization, Certificate of Formation, etc) to open a business checking account. [=================================] -- DISCLAIMER -- This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state. LLC University® is a registered trademark of LLCU Media Group, LLC. © LLCU Media Group, LLC. All rights reserved. https://www.llcuniversity.com [=================================]
Views: 129797 LLC University
How to Get a Tax ID Number
Watch more How to Start a Business videos: http://www.howcast.com/videos/316857-How-to-Get-a-Tax-ID-Number Getting a tax ID number, also known as an Employer ID number or EIN, is a step every new business owner must take. Luckily, the process is simple. Step 1: Determine your business name and address Determine an official name and address for your new business. Your name and home address can be used. Tip Talk to your accountant if you are not sure if you need an EIN. If you have no other employees, you may be able to use your social security number as a tax ID number. Step 2: Use the IRS's EIN Online system to apply Go to the IRS's EIN online application system, available at IRS.gov. Enter your business name and address and answer the questions about the purpose of your business. Tip Spell out or drop symbols like dollar signs or periods in your business's official name when completing the IRS forms. Step 3: Receive an EIN immediately Answer every question in the survey and receive an EIN immediately. Download, save, and print the confirmation notice for your permanent files. Step 4: Phone the IRS's Business Tax Line to get an EIN Phone the IRS's Business and Specialty Tax Line as another method of getting an EIN immediately. Provide your business name and address and other basic information. Tip Call (800) 829-4933 during weekday work hours to reach the IRS's Business and Specialty Tax Line. Step 5: Get a copy of IRS Form SS-4 Get a copy of IRS Form SS-4 from the IRS web site or from your local library as another method of applying for a tax ID number. Step 6: Complete and mail the form to the IRS Complete the form, providing basic information about your business. Mail the form to the IRS, and receive your tax ID number in the mail in approximately 4 weeks. Step 7: Use your EIN on tax and other business forms Use your EIN when filing taxes, opening a business checking account or line of credit, or completing any other business-related contracts. Did You Know? According to the Small Business Administration, there were nearly 30 million small businesses in the U.S. in 2008. Just over half of all U.S. workers were employed by small businesses.
Views: 104603 Howcast
Top Business Deductions for 2019
For Non-Business PERSONAL Deductions: https://youtu.be/W-U07iKrCmA This Video is for the top 10 business tax deductions that are most often misused, misunderstood, missed, and/or abused... 00:03:46 - What is deductible? All Ordinary and necessary expenses... 00:06:30 - Skip Intro, go to HOME OFFICE EXPENSES 00:11:21 - VEHICLE EXPENSES 00:18:04 - INSURANCE EXPENSES 00:24:08 - CHARITY AND POLITICAL CONTRIBUTIONS 00:27:41 - MEALS AND ENTERTAINMENT 00:31:27 - TRAVEL EXPENSES 00:36:53 - EMPLOYEES AND SUBCONTRACTORS 00:41:02 - RETIREMENT AND DEFERRED COMPENSATION PLANS 00:43:25 - WRITING OFF OPEN RECEIVABLES, PAYABLES, AND INVENTORY 00:49:19 - START-UP EXPENSES AND OTHER EXPENSES PAID OUTSIDE OF BUSINESS BANK ACCOUNTS 00:51:08 - BONUS: QUALIFIED SMALL BUSINESS AND PASSTHROUGH ENTITY DEDUCTION (Sec. 199A) Most new entrepreneurs ask they accountant this real common question: “Which expenses are deductible for my business?” The answer I give to all my clients is: “Any expense that is necessary, ordinary, reasonable, documented, and legal may be deductible…” …and what do these terms mean? * Ordinary: means it is commonly accepted in the industry and seen often with other businesses in the same trade * Necessary: means the expense was required in order to generate the business income or it was incurred as a consequence of the income producing activities. But it does not need to be indispensable in order to be deductible * Reasonable: this is very subjective, but in essence it means it is not lavish or extravagant * Documented: means that the taxpayer has the burden of proof to prove the expense existed, that the amount reported is accurate, and it has a true business purpose (necessary) * Legal: the expenditure cannot break any laws, be considered a bribe, or made in connection to an illegal activity / or activity in which the business does not gave the legal capacity to perform It also also worth mentioning that there are 10 tax deductions very commonly missed, misused, and/or abused, and those are: 1. Home Office Expense: Frequently failing to document the square footage of the home, creating a business-only environment, and document its business purpose is the most common issue 2. Vehicle Expense: mixing personal and business use of vehicles and not properly tracking milage is a large are of non-compliance 3. Insurance: Specially with health and life insurance, which have very special rules in order to be deductible.. in many cases these may NOT be deductible if rules are not followed 4. Charity and Political Contributions: For pass-through entities, such as S-Corporations and Partnership/LLC’s, charity is “deductible” only on the persona return, but most taxpayers cannot get any benefit for it because of standard deductions. Political contributions are NEVER deductible 5. Meals & Entertainment: the “entertainment” factor really affects the deductibility of this expenses. NOTE: in 2018, there are significant changes in the tax code for Entertainment expenses 6. Travel Expenses: frequently combining personal with business travel is a large priblem 7. Employees and Subcontractors: not properly correctly categorizing employees or contractors and reporting them as such; which may lead to large payroll tax penalties or disallowance of contractor expenses 8. Retirement and Deferred Compensation Plans: failing to include ALL the employees in the company plan and/or not taking advantage of the income deferral tax deductions 9. Proper Write-off: of open invoices/receivables that are deemed uncollectible, open bills/payables that will not be paid, and adjusting Inventory quantity/valuation. For ACCRUAL-BASIS taxpayers 10. Pre-startup costs: made before the business started and.or in connection to setting up the business. Also some business owners tend to “cover” business expenses with personal funds or personal credit cards (outside of the business bank accounts) and forget to register it in the business books 11. BONUS: Section 1099A... More to come my e-mail: [email protected]
Views: 13897 Hector Garcia CPA
17 Tips to Run a Small Business & PREVENT Business Failure
Introducing 17 Most important business tips to run a small business. You can prevent your small business failure by following these all 17 business tips for your successful small business start-ups. Also, watch questions answers before starting your own business - https://www.youtube.com/watch?v=PKNkauKgRLw What wiki says about small business - https://en.wikipedia.org/wiki/Small_business Following tips are very important for running your small business in 2016. Business - https://en.wikipedia.org/wiki/Business 1. Do you love to write your ideas into notepad or laptop word file! If no, then, you should consider and put your ideas into writing. 2. You have to meet your local small business owners, friends and specially small business development center. Here, you get all type of informations which is hidden for you. And, hard to get it. Also, check most profitable small business industry - https://www.entrepreneur.com/slideshow/269905 3. You should need to identify your customer base and requirements. 4. Outline your finances for your small business. 5. Project growth and analyze your marketing strategy in specific direction. So, understand the improvment of your project growth. For more information, you should consider to watch this full video and learn about all 17 tips to run a small business and prevent business failure.
How to Set up the Right PTO Policy for Your Business
Here's a step-by-step plan for how to set up a PTO policy for your business. First of all, what is a PTO? PTO means "paid time off" and it can include: - Sick days - Holidays - Vacation days Some companies choose to lump all these together and treat them the same, other companies have separate policies for each one of those categories. Also beware of state-specific laws! PTO is not protected time off, including - FMLA, - Voting leave - and any other type of protected leave. Do you have to offer PTO? Technically at the federal level, you do not have to offer vacation time. However, some states, counties, or cities may require you to. So check on your local laws. Should you offer PTO? Well, yes! If you want to recruit and retain an awesome team, you better have a PTO policy in place. Now that we have that out of the way, here are the main steps to follow; 1. What holidays do you observe? Outline them all [1:14] 2. How do your employees earn their PTO? [ 1:44] There are two main types: - Accrual PTO policy - Unlimited PTO policy You can also offer a "lump sum" approach, where employees don't have to earn the PTO; but that's not recommended. 3. How much time should you give your employees? [2:45] Check out competitors in your area, and try to offer compelling PTO policies. 4. What happens when employees don't use their PTO? You can add a cap to the amount that employees accrue. You could also offer them a cash out option. Now you have the blueprint to create a PTO policy for your business! -------------------------- Want more HR resources? Check out these out: [READ] How does your PTO plan stack up? https://goo.gl/FY8GJh [READ] What are use it or lose it PTO policies? https://goo.gl/7hZNCk [WATCH] How to onboard an employee in 3 easy steps https://www.youtube.com/watch?v=iEyjNiOZMi8 [WATCH] What You Need to Know About Form W-4: https://goo.gl/jkZzaU [READ] Your New Hire Onboarding Checklist: https://goo.gl/pzWGYW [READ] The Plan You Need to Make Your New Hire's First Day a Great One: https://goo.gl/ZDwWR5 Ask Gusto is a YouTube series designed to answer your top payroll, HR, and benefits questions. New episodes come out weekly — feel free to ask what's on your mind, and we'll answer it! Who is Gusto, exactly? Gusto serves over 40,000 small businesses across the country with a refreshingly easy payroll, benefits, and HR solution. To learn about Gusto, visit: https://www.Gusto.com. For more small business answers, visit us at: https://www.gusto.com/ask-gusto
Views: 2160 Gusto
Small businesses struggle to find qualified workers
Finding qualified workers is now the number one problem for small businesses. Juanita Duggan, NFIB, and CNBC's Kate Rogers discuss. Receive exclusive commentary from CNBC anchor Kelly Evans: https://cnb.cx/2CWYubi » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
Views: 711 CNBC Television
Steve Jobs Leadership Skills Breakdown - How To Motivate People
Link to confidence tip: https://goo.gl/DCY7nA Steve Jobs Leadership Skills Breakdown - How To Motivate People When Steve Jobs returned as the CEO of Apple in 1997, the company was on the verge of bankruptcy. Today, Apple is the most profitable company on the planet, thanks in huge part to Steve Jobs leadership. He was able to motivate employees, turn the company around, and preside over huge developments like the iMac, iPod, iPhone, and iPad. But Steve Jobs is unique in that despite clearly being an effective leader, he was not particularly likeable. Steve Jobs presentation and interview skills were legendary though. In this video we break down exactly what it was that made Steve Jobs such a powerful leader by examining his interviews and speeches. The goal is to use the lessons from his life to learn how to motivate employees and the people in our lives. Subscribe to Charisma On Command: http://bit.ly/subscribeCOC Connect With Us. Website: http://www.charismaoncommand.com Facebook: http://facebook.com/charismaoncommand Periscope: @Charismaon Or if you want to see my personal stuff (my regular life + me playing music): Instagram: @CharlieHoupert Periscope: @CharlieHoupert
Views: 621039 Charisma on Command
Avaya IP Office - Small Business Phone Systems for the Mobile Worker
Avaya IP Office Mobile Worker provides one number access for employees on the road. They give out just one phone number -- their office number -- and calls ring simultaneously on any other designated phone, making it easy for customers, colleagues and vendors to reach them wherever they are. Learn more about Avaya IP Office here: http://www.avaya.com/usa/product/ip-office Connect with Avaya Facebook: http://goo.gl/SziZnj Twitter: http://goo.gl/wBwXyM Google+: http://goo.gl/vwdkZ7
Views: 6224 Avaya
Small Business Week Charles Gauvreau, Entrepreneur
There are 4,600 reasons we’re celebrating Small Business Week in New Brunswick. That's the number of NB enterprises working with JDI including C.G.M. Foresterie Inc.of Saint-Quentin, NB. A forest operator entrepreneur with 6 employees in Northern New Brunswick woodlands. Happy National Small Business Week!
Views: 220 jdirvingcompany
Best retirement plan solutions for small business owners – QBI
In this interview, we discuss retirement plan trends and design ideas for small business owners with Val McClendon from QBI, a national retirement plan administrative firm. We cover recent tax changes, avoiding pitfalls, and more. QBI, LLC 21031 Ventura Blvd., 12th Floor Woodland Hills, CA 91364 818. 594.4900 | main RETIREMENT PLAN QUESTIONS ANSWERED 1. Retirement Plan Solutions for small business owners (0:35) a. What are the contribution limits for 2018? (0:50) b. Does an employer have to put in the same amount as the employees? (2:08) c. What if an owner wants to contribute above the contribution limits? (3:50) d. Can you combine a 401(k) plan with a cash balance or defined benefit plan? (4:56) e. Can you have a once person retirement plan for self-employed owners? (6:10) f. If an employer’s decided to add a Defined Benefit or cash balance – how many years do they have to fund it? (7:07) 2. Trends in the Retirement Market Place (9:05) a. What employee matching contribution trends? (9:15) b. What is a match stretch? (10:00) c. What are trends in low participation rates? (11:03) 3. How does an employer get started a. If an employee decided to go with a retirement plan do they have to fund contributions right away? (18:30) b. What if someone has an existing plan do they and they want to change their TPA or record keeping firm? (19:12) c. Should an employer bring the CPA or current financial advisor into the discussion? (20:18)
Views: 134 QBI LLC
Screw the Guru - How Small Business Equals Big Money $$
I'm not your Guru-but I do know the Keys to massive success. How small business can create big profits with the LEAST amount of Effort. ITS NOT A SECRET! but the "Experts" don't break it down for you, me or anybody-until Now. More Info Here: http://dirtmonkeyu.com/setting-up-systems-to-scale-your-business/ or Here: https://courses.dirtmonkeyu.com/p/mastermind-group
Personal Finance: Why small firms need to pay employees well
Small firms often do not offer their employees attractive packages. While on the surface of it, the small business owner might defend that as a cost saving technique, employee relations experts note that it can actually work to the demise of your business. Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our Facebook page http://www.facebook.com/NTVUganda
Views: 488 NTVUganda
"WELCOME TO THE CLUB" What It's like Being a New Small Business Owner in 
"13 Minutes"
My 13 Minute "RANT" about Being a New Small Business Owner Landscaping E Course https://keith-kalfas.mykajabi.com/store/8bFERMcs My new Window Cleaning Audiobook http://keith-kalfas.mykajabi.com/p/47492 ** 1-on-1 Personal Coaching Call with Keith Kalfas https://keith-kalfas.mykajabi.com/store/BCP8Aoqt
Views: 16504 Keith Kalfas
Video Infographic: Social Networking, Employees in US small businesses survey
http://www.gfi.com/blog/where-theres-a-will-theres-a-social-media-way-video/ If email was the killer app of the 1990s, social networking holds that distinction thus far in the new millennium. It began as a venue for the younger generation but now people of all ages use Facebook, Google+, LinkedIn and other social sites for both personal and business-related communications. GFI's recent small business survey shows that 37 percent of workers use Facebook daily, with only 25 percent saying they've never used it. A hefty 64 percent use some kind of social networking service on a regular basis. Form more information regarding the survey please visit: http://www.gfi.com/blog/where-theres-a-will-theres-a-social-media-way-video/
Views: 1844 GFI Software
Andrew Answers: Retirement and the Small Business Owner
Starting a 401(k) plan for your small business can seem like a daunting endeavor. Well, not anymore! In this episode of Andrew Answers, Andrew gives you a short rundown on what you need to do to provide retirement savings for your employees at work. He talks timing, plan features, and what to look out for. Here's to saving and Andrew's mustache! FROM THE VIDEO: Hello, and welcome to another episode of Andrew Answers! I'm Andrew. This episode's question comes from Bob who is a small business owner and he asks, "I want to set up a 401(k) plan for my small business in 2014. What do I need to do?" Well, it's a pretty easy process. First things first, make sure you go through the 'shopping around' process and give yourself enough time for that, because you want to find the right provider for you. Now once you get over that, you'll go through the whole sales process, sign your agreement for services, and then the most important part of setting up a plan is making sure you sign your plan documents. Since you want a plan in 2014, the sooner you sign your documents the sooner you can get the enrollment process started for your employees. Make sure you get any new documents for a plan signed by December 20th, that way you give your employees enough time to think about how much they want to participate. That way, in that first payroll of 2014 they are going to be ready to go and saving as it happens. Now, every small business is different which means your provisions are probably going to differ depending on what kind of company you are. Certain provisions are really important for small businesses, such as Safe Harbor. While you've missed the Safe Harbor deadline for this year, you can basically start a Safe Harbor plan at any point during 2014 up until around October 1st. What is a Safe Harbor? If you are a small business owner who wants to maximize contributions and you don't think your employees are going to be able to do that, that's what it's there for. You put in a small amount on behalf of the employees while you're able to pass testing at the end of the year. But that's an Andrew Answers for another time! In the meantime, make sure you find the right provider, get your plan documents signed around December 20th so you can get a plan going by 2014. If you're a conversion plan, which means you already have a plan in place and you want to move your 401(k), that's a bit of a longer process. If you have questions about it, feel free to write me below. And if you have any other questions such as, 'why is Andrew wearing a mustache?', simply type in a comment where you are seeing this video, on our Facebook page or on our Twitter feed, and I'll be able to answer them directly. Maybe your question will be on the next episode of Andrew Answers!
Views: 311 The Online 401k
Start Small Scale Business in India Step by Step Guide - 2016
http://bit.ly/smeIndia After government of India's Startup push aspiring entrepreneurs are looking for ways and steps to start their own businesses in India. In this video tutorial post I have shown step by step procedures that need to be followed in order to setup a business in India. Starting Business in India - Step by Step Process: 1. Obtain Director Identification Number (DIN) online from MCA (Ministry of Corporate Affairs) authorized agency. Duration: 1 Day Cost: Rs. 100/- 2. Obtain Digital Signature Certificate (DSC) online from MCA authorized agency Duration: 3 Days Cost: Rs. 1500/- 3. Reserve the company name online with the Registrar of Companies (ROC) Duration: 2 Days Cost: Rs. 500/- 4. Stamp the company documents at the State Treasury or authorized bank Duration: 1 Day Cost: Rs. 1300/- 5. Get the Certificate of Incorporation from the Registrar of Companies Duration: 5 Days Cost: Rs. 15,000/- 6. Make a company seal and letter heads Duration: 1 Day Cost: Rs. 500/- 7. Obtain Permanent Account Number (PAN) from National Securities Depository Ltd. (NSDL) Duration: 7 Days Cost: Rs. 100/- 8. Obtain Tax Account Number (TAN) for income taxes from Assessing Office Income Tax Department Duration: 7 Days Cost: Rs. 100/- 9. Register with the Office of Inspector, Shops, and Establishment Act (State/Municipal) Duration: 2 Days Cost: Rs. 7,000/- 10. Register for Value-Added Tax (VAT) at the Commercial Tax Office (State) Duration: 12 Days Cost: Rs. 5,000/- 11. Register for Profession Tax at the Profession Tax Office (State) Duration: 2 Days Cost: Not Applicable 12. Register with Employees Provident Fund Organization (National) Duration: 12 Days Cost: Not Applicable 13. Register for medical insurance at the regional office of the Employees State Insurance Corporation (National) Duration: 9 Days Cost: Not Applicable If you have any questions or suggestions, kindly post it in comments section below. We will answer each and every questions. Other websites are also there on the web which will help to answer the questions like online business opportunities, registering your company in India, online business, step to step process for online business, scope of b2b business etc. You can find those websites easily by searching it on google.
Views: 85342 Tatum Gagliano
Pitfalls of Not Paying Employees Super on Time // Small Business Accounting Tips and Advice
Visit http://www.empoweraa.com.au to chat to Chris about your business accounting and growth strategies. In this video Chris Eccles from Empower Accounting and Advisory shares an overview of the fines and penalties of not paying your employees super on time, and how to avoid getting penalised. In Australia, Employees Superannuation is due to be received by their Superfund 28 days after the end of each quarter. If this doesn’t happen, you are required to lodge a Super Guarantee Charge Statement to the ATO by the date the super is supposed to be paid. If you do lodge this SGC statement on time, you will be charged $20 per employee per quarter, as well as 10% interest on the unpaid amounts dating back to the start of the quarter. The real kicker here, is that you are not allowed to claim a tax deduction for any amounts that are paid late. On top of that, if you lodge your SGC form late or fail to provide one when the ATO asks for it, you may have to pay double the amount of super owing. Ouch. The solution here is simple, do everything you can to pay your employees super on time. Unfortunately having poor cashflow wont be an excuse to stop the penalties from flooding in. So just remember, the employees super fund must receive the cash 28 days after the end of each quarter, so make sure you pay a few days earlier just to be safe.
Do you own your own business? Are you wondering how Trump's new tax plan is going to affect you and your business? Then this is the video you HAVE to see. Matthew is joined by Nick Fortune with Fortune DNA to discuss the positive and negative effects this new tax plan will have on Small Business owners and Entrepreneurs and what you can do to put your business in the best position possible come tax season. If you are interested in learning more or getting in touch with Nick, please e-mail us! EMAIL: [email protected] SUBJECT: TAX PLAN INCLUDE: Contact Information / Direct Phone Number Don't forget to sign up TODAY for your exclusive one on one consultation at: ► http://www.FreeCoachingCalendar.com Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/channel/UC45h... Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Instagram - https://www.instagram.com/vipfinancialed/ Instagram (Lifestyle) - https://www.instagram.com/vipfinancialedlifestyle/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ — — — Guest appearances are for educational and informational purposes only; they do not constitute an endorsement or an approval by VIP Enterprises of any of the products, services or opinions of the guest(s). Please conduct your own due diligence and research prior to making any decisions about the products, services or opinions discussed in this video. — — — Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as "VIP Financial Education") are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided 'as is' and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content. #TrumpTaxPlan #SmallBusiness #Entrepreneur #VIPFinancialEd
Views: 15763 VIPFinancialEd
Unlimited Small Business Leads
Target small businesses with small business leads ListShackPro makes finding small business sales leads easier than checking your email with its user friendly interface and pinpoint targeting. With a database of 14M+ U.S. businesses and rockbottom pricing, you’ll be able closing more deals and growing your business at a fraction of the cost. Pinpoint targeting with ListShackPro Choose from the most important search selections to target your small business leads to your businesses marketing plan. Filters Search Industry by SIC Code Number of Employees Sales Volume Years in business Square Footage State County Zip Code Area Code Ideas for Using Small Business Leads Create a list of small businesses with 1-9 employees to sell small group and individual health insurance policies Create a list of businesses in your area to sell merchant processing services Create a list targeted by industry to provide janitorial services Many, many more!
Choosing Your Small Business Health Insurance Plan
Choosing Your Small Business Health Insurance Plan Small business owners may require very large expense on health insurance plans. However good health insurance plan are useful to recruit higher quality people that are needed to expand your business. Then what is the way to get small business health insurance plans? Your small business should have minimum 2 employees to be qualified in the health insurance plan. The insurance companies have different requirements in providing small business health insurance plans. The general range for the number of employees is 50 and 100 employees with the full time status, not temporary or independent contractor. The length of working should be minimum 30 hours per week to get small business insurance plans. Furthermore they dont have other health insurance plans. To take part in small business insurance plans you also need to qualify you and your husband or wife as the employees. How much is the amount of health insurance plant that you must pay for your small business? Some different factors may determine the amount, which is better to be investigated. You should get quotes from various health insurance companies for small business.
Views: 1002 LifeGuide4You

Windows 2012 server loader
Jamel gafsi microsoft updates
Ufx6000 windows 10 driver
Error 1290 windows update
Delay in starting windows xp