Small business quarterly taxes

Share to Twitter Share to Linkedin How can small business owners set themselves up to avoid burnout? originally appeared on Quora : the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Charlene Walters, PhD, Business Mentor, Consultant, Corporate Trainer & Author, on Quora : It is very common for entrepreneurs to experience burnout, particularly solopreneurs who are doing everything all by themselves. I’ve had many clients come to me as they neared that point. When it comes to burnout, however, half of the battle is just being aware of its prevalence and actively trying to protect oneself from it. To that end, here are some of the actions that I recommend business owners take to prevent burnout: Guarding their schedules. The most successful entrepreneurs focus on productivity and maximizing their time. Therefore, they are clever in terms of their … [Read more...] about How Small Business Owners Can Avoid Burnout

Share to Twitter Share to Linkedin Having worked with prospective business buyers and sellers for more than thirty years, one of the most frequent complaints I hear is about business brokers. It is common for buyers to bemoan the theory that business brokers do not respond to inquiries, they want an offer in place before they provide meaningful information, the add-backs that they propose do not make sense, and on and on the list goes. Yes, indeed it is true that many brokers are guilty of these infractions, but certainly not all. More importantly what I have learned is that buyers play an equal role, if not greater in the deficiencies of the business buying process. Understanding Their Role Business brokers do not represent buyers; unless they have been engaged and are being paid by them. They represent the seller or the deal. They are not your advisor. Their role is to provide information, answer questions, act as a buffer between the parties, and … [Read more...] about Business Buyers – Stop Complaining About Brokers

Share to Twitter Share to Linkedin Manuel O. Méndez, Chief Executive Officer of Quotient Limited . Each of us has the power to make a positive impact on the lives of others. When I was learning about value-creation strategies at the beginning of my postgraduate studies, I found myself thinking about how every interaction—be it with colleagues, family, mentors or even members within our wider community—is a value-creation exercise. But what is value creation? The concept in business 101 is simple: It’s a process that turns resources into something that meets the needs of others. Amazingly, I was lucky enough to not only learn about this concept in theory but could also witness it in practice from some of my mentors. My father was the first person in my life who projected an air of inspiration that I quickly picked up on. He inspired me to think big and help others do the same along the way. I also met someone early on in my career who was the … [Read more...] about Four Sure-Fire Ways To Become A Value Creator In Your Business Or Community

Share to Twitter Share to Linkedin As the COVID-19 pandemic recedes many medical testing services businesses have been diversifying and bringing to market new products aimed at the growing health and wellbeing market. For example, blood and DNA testing and screening services. The VAT status of these new offerings is not always clear and recent VAT case-law, and commentary issued by HMRC, leaves some grey areas for interpretation, with risks for tax compliance. One of the considerations when innovating and developing new products is the question of whether or not the contemplated supplies fall under the VAT exemption for medical care. As with all exceptions to standard rating, the medical care exemption is applied narrowly and has a series of conditions that all have to be met. There is also a ‘cliff-edge’ in the impact between having to account for VAT (at the standard rate of 20% in the UK) and exempt treatment; the possible addition of 20% VAT either makes … [Read more...] about Medical Testing Services – Tax Considerations Of New Activities

The budget managed to keep the focus intact on infrastructure, long-term capacity building, and much-needed tweaks to the taxation framework to optimise tax mobilisation. Given the needs of the Indian economy and the government’s previously outlined economic vision for the next 25 years, expectations were indeed high from Budget 2023. However, there were other realistic aspects like the lingering fiscal impact of COVID-19 relief measures, persisting global inflation in the last few quarters, rising interest rates and slowing economic growth, that kept the expectations in check. In such a situation, the Budget presented by the Finance Minister successfully tread the tightrope and checks all the right boxes. Most importantly, the Budget has affirmed the government’s resolve to stay on the fiscal consolidation course. Other than maintaining macroeconomic stability by operating within means, the budget managed to keep the focus intact on infrastructure, long-term capacity building, … [Read more...] about Tax changes in Budget 2023 to boost consumption & savings

Share to Twitter Share to Linkedin Three African youth-led Agritech businesses— Kenya’s DigiCow, Botswana’s Brastorne Enterprises and Nigeria’s ThriveAgric— will receive mentorship and $1.5 million in grants to help them to aggressively expand solutions to long-standing challenges faced by smallholder farmers across the continent. As winners of the 2022 AYuTe Africa Challenge — an initiative launched by international development organization Heifer International— they will be able to scale up innovations that hold the potential to disrupt agriculture on the continent and reposition the sector as a rewarding career path for the youth. This is according to Adesuwa Ifedi, senior vice president of Africa Programs at Heifer International , who says that the agritech accelerator sought innovations that were “poised to provide the positive disruption” that farmers urgently need. And there couldn’t be a better time. Climate change induced prolonged drought … [Read more...] about Three Youth-Led African Agritech Businesses Receive Investment To Help Scale Up African Agriculture

Share to Twitter Share to Linkedin Name: Rebecca Glasgow Firm: UBS Private Wealth Management Location: Atlanta AUM: $4.6 billion Forbes Rankings: America’s Top Women Wealth Advisors, Top Women Wealth Advisors Best-in-State, Best-in-State Wealth Management Teams, Top Wealth Management Teams Private Wealth, Best-in-State Wealth Advisors Background: Originally from the Boston area, Rebecca Glasgow “always had an interest in numbers” and was planning to be a math major at Cornell University before switching to economics. She launched her career in wealth management shortly after graduation, doing municipal sales and institutional trading in Boston before moving to Washington, D.C., to join the financial planning arm of Lincoln Financial Group. Glasgow eventually moved to Atlanta and joined UBS in 2008, serving as a senior partner at the ESOP Group, one of just a handful of teams across the country that specializes in tax deferral … [Read more...] about A UBS Tax Deferral Specialist Who Manages Nearly $5 Billion

Share to Twitter Share to Linkedin Ryan Brennan, Managing Director, Advantage Capital . As the post-pandemic economy navigates its ongoing downturn, the road to financial well-being and realizing wealth creation begins with a concerted effort around growing local small businesses. Entrepreneurs and business owners help create the jobs required to uplift areas in need of more economic opportunity. But those overlooked and underserved areas also require access to capital to produce the positive impact that can course-correct a lackluster economy. The impact of accessible capital doesn’t stop at the storefront —it can have a ripple effect of strengthening surrounding communities. The Business Opportunity In Rural And Economically Challenged Urban Areas For undercapitalized parts of the country—the regions where, all too often, lenders and investors have been less likely to support small businesses—a double-bottom line approach to investing may be … [Read more...] about How Incentives Help Ensure Investments Reach The Right Areas

Share to Twitter Share to Linkedin Active listening is a skill that needs to be cultivated to be an effective leader, and often, employees can be your best source of inspiration for this. They know the day-to-day concerns of the company and can offer unique, valuable insights and perspectives. However, leaders tend to be pulled in many different directions each day. They often feel they need to make quick, executive decisions without consulting others, sometimes to the detriment of the business. Here, a panel of Forbes Business Council members share their best tips for managers who want to improve their active listening skills to create a more comfortable, successful business environment. 1. Follow Up On Feedback Aside from common active listening practices such as paying attention to nonverbal cues and uninterrupted communication, it all comes down to action. An employee is only ever truly heard when their thoughts are put to practical use and … [Read more...] about 15 Key Tips For Developing Active Listening Skills As A Leader

Share to Twitter Share to Linkedin Yura Lazebnikov, an investor, entrepreneur and expert in technology industries, IT and esports. The Managing Partner of TECHIIA Holding. Interactions between a startup and a corporation can speed up the development of both. I've found it can also harm a startup. I want to remind young teams to consider the perspective of corporations. You need to choose the right way to interact to boost your product and avoid worst-case scenarios. For the purposes of this article, a startup is a tech company with an innovative product, at least a few customers and revenue. It offers a fundamentally new solution to a problem. Often, startups have ten to twenty mobile and flexible employees. A person with a laptop working from coffee shops may well be the founder of such a company. Sometimes a startup is also a group of students who write code for some application in their spare time. I am not discussing this case here. Until … [Read more...] about How Tech Startups And Corporations Can Avail Each Other