Can You Have a Business Without a Tax ID?

  Applying for federal tax ID is a must when starting a new business. Indeed, starting up is not only about turning your ideas into reality, but also about complying with the existing laws and regulations.  For the said compliance requirements, a trust tax ID number is needed to be able to distinguish your business as well as assist with the filing of employee taxes as well as your own. However, compliance is a challenging process. There are several criteria that the IRS has set with the EIN system, requiring business owners to obtain a number in order to conduct tax-related actions where a social security would otherwise be used.…

How a Start Up Loan Can Benefit Your Business

Most start-up businesses require sufficient funds to get them running. The problem of funding is among the puzzles that an entrepreneur needs to solve before an idea can become a profitable business. When a business is in its early stages, it is almost impossible to make money without spending on infrastructure. A multitude of entrepreneurs understand this fact but often, they are incapable of providing the required funds. If you find yourself in this conundrum, a start-up loan can be the right solution for the business.…

How Your Organization Can Benefit from Tracking Database Changes

For enterprises these days, taking real-time data and harnessing them for valuable insights is a key process. Data replication tools and software make this possible without disrupting business operations and the incoming flow of fresh data. It is a different way of dealing with data compared to traditional methods. Consider that your business has a mobile application whose community of users is exponentially growing. The wise thing to do is to collect as much available data as you can in order to come up with actionable points for improving your service and growing the business further.…

Fleet Management Has Been Forever Changed By Mobile Apps

  Fleet management was once an exceptionally difficult prospect for many reasons, especially before any sort of technology was added to the mix. When the wheel was first invented thousands of years ago, it introduced an entirely new method of handling large loads. A set of four wheels controlled by one man can easily transport much more than even 100 men could transport without the aid of wheels. There were other major developments during the life of the fleet management industry, but the advanced technology of the modern world has once again reshaped the fleet management industry.…

The Business of Pets

In January of 2017, the Pet Industry Leadership Conference had its second gathering in Laguna Beach, California. There were product manufacturers, veterinary service providers, food manufacturers and hundreds of retailers gathered to swap ideas and best practices in the industry. The conference was presented by the Pet Industry Joint Advisory Council. Dr. Terry Clower, a leader at the George Mason University’s School of Policy and Government, revealed the results of the economic impact of the pet industry. The study, funded by the Pet Industry Joint Advisory Council and Pet Leadership Council, showed that it amounted to $221 billion in sales in 2015 with almost $23 billion in taxes for the state, local and federal levels.…

3 Office Upgrades To Boost Workplace Productivity

Unproductive workplaces are costing the US economy over $300 billion each year. Reports show that 18% of Americans are actively disengaged at work, with another 52% not engaged. Much of this problem has to do with current office structure and culture. According to the Families and Work Institute 26% of Americans feel stressed and overworked, which comes at no surprise considering that Americans work the most hours out of all advanced economies across the world. In fact, each year, the average American worker logs 135 and 370 more working hours than their French and German counterparts, respectively.…

4 Advantages of Outsourcing Your Company’s Compensation Management

Outsourcing compensation management has become a very popular option for many businesses, thanks to the numerous benefits they provide. If you’re running a startup company, there’s a good chance that you’re already thinking of outsourcing your payroll to help improve your business processes. But what exactly should you be expecting from it? Let’s take a quick look to find out. 1. Outsourcing Provides Focus Among the most resource-intensive aspects of running a business is compensation management. Keeping employees paid on time, ensuring that incentives are properly implemented, and making sure that all rules and regulations pertaining to employment are observed requires a significant amount of manpower and resources—two things that startups don’t always have.…

5 Tips for SMB Fleet Management

It does not matter if your small-to-medium business owns a single company car or if you are taking care of a dozen vehicles of different kinds – you need to know at least the basic stuff about fleet management. Today, we have compiled a list of tips that will help you do exactly that – manage a reliable and efficient fleet that does not hemorrhage money. Safety above everything Some people will say that this is being idealistic and that cost-effectiveness is the only thing that matters, but they are simply not right.…

Why Location is Everything when Choosing an Office

Your business’ location can have a big impact on how much profit you make. An office that is easy to get to, has great links with the rest of the world and all the embellishments a modern company needs would be ideal. Picking somewhere to set yourself up is a hard decision, but you must take your time and do your research before signing that lease contract. Businesswoman in front of a London office building – photo credit: Roberto Trombetta / Flickr Looking at the stats for each major city and town in your area will help to make your decision easier.…

6 Signs Your Blog is Just a Hobby (and How to turn it into an Actual Business)

If you’ve been blogging for a while now, you’ve probably entertained the thought of turning it into a real career and business. But do you have what it takes to kick it up a notch? Ask yourself a few questions before you quit your full-time job to focus on turning your blog into a business. Do you post chaotically, whenever you find a few spare moments? Do you use a generic email address for your blog? Do you pay little to no attention to analytics?…