The entire subject of taxes can be incredibly confusing for most people. As complicating as it can be for the average person, it’s exponentially more complex for small business owners. Unless your small business is a law firm specializing in tax law or a tax accountant agency, you’re probably somewhat overwhelmed by the process of filing taxes.
Every year, it seems that new rules or tax codes are put in place and the overall process gets even more complicated. On top of that, the penalties for mismanaging your businesses taxes can be devastating. These high stakes make the already challenging process even more stressful. For that reason, it’s always a good idea to consider seeking professional guidance when addressing your small business’s tax situation.
Changing Tax Laws
One of the biggest reasons you should seek professional help with handling your small business’s taxes is that tax laws seem to change every year. For example, at the end of 2014 there were several tax changes that began being implemented for 2015. First, there is the affordable care act which for many businesses (with some exceptions) went into effect in 2015. This new law has major ramifications on both healthcare for employees, as well as the responsibilities of businesses. And any company that is not in compliance with this law can face significant tax penalties.
To help simplify employment tax compliance (and minimize risk for your in-house payroll) consider the benefits of professional help, such as ADP Employment Tax & Compliance Services. It’s absolutely critical that your IT people consistently update the ERP business rules to accommodate multiple tax rule changes.
Corporate tax rates have changed too. With tax rates changing based on the type of business you have it is important to correctly incorporate your business and file taxes accordingly. There have also been changes to the deductions available to small businesses as well as the way investment income is taxed. In addition to these changes there are several other changes that have not yet even been decided upon, all of which effect the tax obligations of small businesses.
Why You Should Get Help
There are many reasons as to why it is preferable for small business owners to seek help in dealing with their tax situations. First, it allows you to focus on the important task of running your business as opposed to sifting through tax laws. Second, professional tax advisors can help you to plan ahead, making the entire process easier. Third, if there are any mistakes made on your taxes than having professional representation throughout the process will make everything less stressful. Finally, chances are that you are not trained in all the facets of filing taxes and tax law. So by using a professional that is trained in this area you are greatly reducing the chances of an error being made.
How to Get Help
There are many options small businesses should consider when looking for tax assistance. Obviously depending on the size and nature of the business, the firm’s in-house accounting department may be able to handle the companies tax needs. You can also contract out the work to a professional tax accounting company. If your business is small enough and you want to do some of the research on your own than you can look to the Small Business Administration’s website for specific information about your obligations.
You can also get specific information about your obligations from the IRS website. Both government websites also offer links to more resources to help you through the process. They can even help you to find high quality professional assistance that can do everything for you.
Taxes for Small Businesses
Given the fact that most small business owners are not also professional tax accountants, seeking professional assistance in dealing with your tax needs is always preferable. Choosing not to use professional help can lead to confusion, legal battles, and costly errors. If you are a small business owner then you should absolutely consider leaving the work of filing your taxes to the professionals, so that you can focus on the important task of growing your business.
Green Weddings Trend: Why 70% of Newlyweds Are Going Green
A couple of months ago, my best friend got married to her new husband. They are both very eco-conscious people, so they decided to have a unique twist on their wedding. They asked for the following:
- They arranged a carpool with their friends.
- They didn’t have any balloons. Instead they used umbrellas.
- They used plant materials instead of plastic confetti.
- My friend insisted her husband not purchase a diamond. In addition to being ecologically conscious, she didn’t like the idea of having a stone that was used in conflict zones.
My friends aren’t the only ones making these changes. In fact, nearly a quarter of all newlyweds are organizing green weddings.
Green Weddings Are Becoming the Norm
People are more concerned about green living than ever before. They are trying to incorporate environmental protectionist ideas into every facet of their lives, even the most intimate, such as marriage. A growing number of people are trying to have green weddings, which can make a big difference in reducing their carbon footprint.
How much of a difference can this make? Here are some statistics to bear in mind:
- The Center for Disease Control reports that about two million marriages are formed every year.
- Approximately 70% of all marriages have green elements today.
- This means that 1.4 million marriages are green.
There are a number ofreasons that green weddings are becoming more important. Here are a few.
People Are More Worried About Environmental Preservation than Ever Before
Green living in general is becoming a greater concern for most people. Even younger conservatives are breaking from their older counterparts by insisting on fighting climate change. According to a poll from Pew Research earlier this year, 75% of Americans say that they are very concerned about protecting the environment. Having green weddings is a good way to act on this concern.
One of the biggest changes people are making is using recycled products for their green weddings. This is explained by the research from Pew:
“Overall, 32% of U.S. adults say they are bothered a lot by people throwing away things that could be recycled. Roughly six-in-ten Americans (61%) who say they always try to live in ways that protect the environment say it bothers them “a lot” when others throw away things that could be recycled. Among those who are less focused on environmental protection, only a quarter say it bothers them a lot when others don’t recycle. People who are environmentally conscious are also twice as likely as others to say that seeing someone incorrectly putting trash in recycling bins bothers them a lot (42% vs. 21%).”
Indifferent Politicians Are Driving them to Take More Initiative
Many politicians in power have been very hesitant to take action on climate change. Many of them have openly stated that it is a hoax. These politicians are forcing people to do what they can in their own lives to make a difference. Making small changes, such as hosting green weddings, is a great way to improve the environment without waiting for political momentum.
Cost and Simplicity
A couple of the biggest reasons that people want to host green weddings have nothing to do with their concern for the environment. Running green weddings is simply cheaper and simpler than having a massive, traditional one. One of the biggest changes is that they are buying green engagement rings from the best brands.
Green Weddings Are the Future
Green weddings have become very popular over the past few years. They will probably account for close to 90% of all marriages by 2025. People that are planning to get married should look into the benefits and plan accordingly.
Green Tech Start-Ups: Are they the Future?
Endless innovations are occurring in green companies, reinventing the industries they belong to. Gradually, they are beginning to amass more success and popularity. Consequently, these factors serve as a good indicator for green technology businesses, and their development must begin somewhere.
Green tech start-ups boast a wide array of opportunities for the economy and environment, while boosting recruitment openings with valuable services. While the technology industry is littered with high revenues and competition, the green tech start-ups are the clear sign of a cleaner future.
Fulfilling a Genuine Need
Many tech companies will market themselves as the ultimate tech giants to shift stock and make profit. As they all vie for attention through warped corporate rhetoric, there is only one ethical winner; the start-up green tech company.
Some argue that mainstream tech businesses have grown far too big, branching out into other industries and standing between the consumer and practically everything they do. However, green tech start-ups go beyond the shallow ambitions of a company, answering a call to sincerely help the customer and climate in any way they can. Of course, this is an attractive business model, putting customers at ease as they contribute to a humanitarian cause that is genuine through and through.
After all, empathy is a striking trait to have in business, and green tech start-ups maintain this composure by their very nature and purpose.
Despite the pursuits for clean energy still needing more awareness, green tech is an area that is ripe for contribution and expansion. There’s no need to copy another company or be a business of cheap knockoffs; green tech start-ups can add a new voice to the economy by being fresh, fearless and entrepreneurial.
Technology is at its most useful when it breaks new ground, an awe that eco-friendly innovations have by default in their operations. Of course, green tech start-ups have the chance to build on this foundation and create harmony instead of climate crisis. Ultimately, the tech advancements are what revolutionise clean energy as more than an activist niche, putting theory into practice.
Despite the US gradually becoming more disengaged with green technology, others such as China and Canada recognise the potential in green technology for creating jobs and growth in their respective economies. The slack of others spurs them on, which creates a constant influx of prospects for the green tech sector. Put simply, their services are always required, able to thrive from country to country.
A Fundamental Foresight
Mainstream technology can seem repetitive and dull, tinkering with what has come before rather than turning tech on its head. Since 2011, technology has been accused of stagnation, something which the internet and petty app services seem to disguise in short reaching ideas of creativity.
However, green tech start-ups aren’t just winging it, and operate with a roadmap of climate change in the years ahead to strategize accordingly. In other words, they aren’t simply looking to make a quick profit by sticking to a trend, but have the long-term future in mind. Consequently, the green tech start-up will be there from the very start, building up from the foundational level to only grow as more and more people inevitably go green.
They can additionally forecast their finances too, with the ability to access online platforms despite the differing levels of experience, keeping them in the loop. Consequently, with an eye for the future, green tech startups are the ones who will eventually usher in the new era.
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