• Accounting Calculator Taxes
    Finance

    Understanding Taxation for Entrepreneurs in Norway

    Taxation is one of the most fascinating economic and political concepts in the modern age, primarily because it’s often a huge bone of contention among citizens despite the role that it plays in driving state revenues and funding significant aspects of public spending. It’s often the rate of taxation that provides such a challenge to political parties (particularly in the UK), as although governments must impose taxes as a way of funding infrastructure spending, individuals and businesses tend to look on high levies as being oppressive and damaging to growth. However, the same cannot be said in Norway and similar Scandinavian nations, which are widely considered to be among the…

  • Paperwork
    Accounting,  Corporate Law,  Finance

    Which Entrepreneurs Need to Fill Out an ITIN Application?

    Many entrepreneurs aspire to start a small business in a country outside of their own. However, to start a business in the United States, you typically need a social security number (SSN) to get started. An individual taxpayer identification number (ITIN) is an alternative to an SSN for foreign entrepreneurs who may not meet the requirements to get an SSN. An ITIN will allow you to file income tax returns, start a business in the US, and apply for small business financing. You can learn more about ITIN in this Camino Financial post. Let’s take a look at who needs to fill out an ITIN application and how it can…

  • Money Travel
    Travel

    A Financial Guide to Moving Abroad

    Moving overseas is perhaps the most exciting, challenging, and life-changing decision you will ever make, but before you go, there are important things for you to consider. You’ll have an awful lot of planning to get out of the way before you fly, and you’ll need to ensure that your finances are fully in order before you jet off to your new home. On that note, here are a few top tips to help you… Currency Fluctuations, Bank Accounts, and Transaction Fees Before you move abroad, it’s important to put your finances in order, and you need to start by finding out how exchange rates and inflation will affect your…

  • City Office Business People
    Management

    Great Ways To Save Money Without Losing Quality

    In business, it’s important to work towards ways to save money and reduce costs. You need to do this to stay competitive in an economy that is always changing and expanding. There are plenty of situations where an expensive business model could put your company in a dangerous situation. An example would be a price war. During a price war, competing businesses drop their prices in the hope of pushing one or more businesses out the market. It’s happened plenty of times. In fact, you could say that high street retailers are constantly in price wars with online alternatives like Amazon. Amazon is always offering the cheaper deal on new…

  • Warehouse Assets
    Management

    Asset Management: The Backbone of Any Company

    An asset is defined by Merriam-Webster as “a valuable person or thing.” For businesses, assets can take many forms. That is why asset management is so critical and why it can get complicated without the right systems in place. SaaS-based solutions from providers like Asure Software make asset management much more manageable. However, the only way to gain the most value is by knowing why asset management is important to your business. Lost Items Cost You Time and Money Disorganization isn’t just an annoyance, it’s costing you money. Every time an employee has to search for something, productivity is being lost. A survey from Brother International Corporation found that, on…

  • Give Back
    Public Relations

    4 Ways Your Business Can Give Back

    If you own a small business or are the CEO of a major corporation, there are many ways you can use some of your profits and time to give back to the community. In addition to doing some good in the world, participating in philanthropic activities can help boost your company's reputation. Here are four of the best ways your business can give back to the community.

  • Production Planning
    Management

    What is Preventing Your Business from Prospering?

    While you might be convinced that your business is ticking away at its optimum rate, there are a number of things – probably happening right now – that are hampering your productivity and, as a result, your profitability. In turn, these things can add up to reduce your potential for expansion. Isolated, they might look like tiny little things that aren’t worth thinking about. However, add them up and you might be surprised to find out just how much time they’re eating into – time that could be better spent growing your business and enticing new customers. We’ve compiled the top five things you can do to get things really…

  • Money in the Hand
    Accounting,  Corporate Law,  Online Business

    The Effects Of Internet Sales Tax for Small Businesses

    The Internet has shrank the globe to the point that even the tiniest businesses can draw customers from every corner of the world. All you needed to have a successful online business was a reliable Internet connection, a Web site (or an eBay or Etsy store), a decent product, good marketing plan and a local post office. But the face of Internet marketing could be changing forever if legislation currently making its way through Congress requiring businesses to collect state and local taxes on Internet purchases is enacted. The United States Senate recently passed a bill that would require Internet retailers with more than $1 million in annual out-of-state sales…

  • Accounting Calculator Taxes
    Accounting

    The Benefits of Hiring an Accountant

    Whether you are a small business, self-employed or even just looking to cut a little aggravation out of your life, it is time for you to think about hiring an accountant. An accountant is someone who is meant to help you with your financial situation, and there are plenty of reasons to find a good one who will take on your accounts and with whom you can consult at least once a year at tax season. Even if money is a bit tight, take a moment to think about why you might want to hire an accountant for your own uses. Tax Breaks In many cases, a tax accountant can…