The Steps to Take if Your Business Can’t Pay Its Taxes

When it comes to business taxes, it doesn’t pay to mess around with what’s due to the IRS. They don’t have a sense of humor about getting payments in on time and can take steps against the business, including charging interest, adding penalties or even freezing accounts if it comes to it.

Tax season stress

In this article, we cover the steps to take when a business is struggling to pay its taxes.

1. Confirm the Due Dates for Federal Income Taxes

There’s a tax return date based on the type of business structure.

For federal taxes (state ones may be different), the tax return data for filing is also the payment date for the taxes too.…

Continue reading

7 Must-Have Skills to Get Into the Human Resources Industry (and Tips to Acquire Them)

So, you’ve decided to get into the human resources industry, what should be your first step? First and foremost, you need to answer a single, most important question – do you have all the skills needed to prosper in this position? If yes, that’s great and you can probably start reacting to relevant job openings!

Human Resource Manager and the team members

However, what if you don’t have those skills yet? Becoming an HR professional is not a piece of cake. This role requires being a good listener and communicator, excellent in time-management, proactive, and well-organized. And these are just a few of many skills you will need to have to become an HR!…

Continue reading

What are the Top 3 Biggest Risks to Starting a Jewelry Business?

Jewelry store owners conduct a risk analysis to find all risks that could affect the business. The findings show the business owner the best ways to protect the company and its inventory.

Jewelry shop display

Entrepreneurs who want to start a jewelry business should review these top three biggest risks of starting a jewelry business.

1. Theft and Burglary

Theft and burglary are the greatest risks for jewelry store owners. The risks include break-ins where the inventory is stolen while the store is closed. Theft of items from the display cases are another concern and require the workers to pay close attention to customers.…

Continue reading

4 Tips for Hiring a Video Production Team for Your Next Corporate Video

Corporate videos are a great way to onboard new employees, introduce your brand at events, or attract new clients. Some can be informational in nature, or for training purposes. In all cases, corporate videos have to be compelling enough for your audience to actually follow them, but they have to be well made as well if you want them to accomplish their purpose. And this all starts with the right video production team.

Corporate video production

Here are a few tips for finding the perfect team for your project.

Don’t Fall for the Demo Reel

While demo reels can give you a general idea of what a video production team can do, they don’t show the full picture, no pun intended.…

Continue reading

Five Reasons Why Having an Ecommerce Chatbot Can Be a Huge Benefit

More and more websites are making use of an ecommerce chatbot. This is because it offers a number of benefits to make a business more interactive with their client base without having to employ an extra person to do so.

Ecommerce chatbot

Here are five reasons why an ecommerce chatbot is a must-have.

1. A More Personalized Experience

Using chatbots means being able to collect data on your visitors that can be used in a litany of situations. This can result in a far more personalized experience that is set to their needs, preferences, and prior enquiries.

Chatbots can also notify customers when items they are interested in are back in stock or suggest alternate products based on their preferences.…

Continue reading

Before Your Business Trip to The US: Things to Consider

Are you planning a business trip to the US? If so, there are some things to consider that will make your business trip an enjoyable one.

Businessman on a business trip to the USA

You don’t have to limit yourself to meetings and deals when you are on any business trip because a business trip should be a good way to move around the world, meet new people and see all the beautiful things that are distributed across the world.

Turn your Trip into Vacation

Although you may not have several options when it comes to exploring different places that you have gone to close deals on businesses because your destination will determine where you will be exploring.…

Continue reading

How Artificial Intelligence Is Advancing The Procurement Process

Artificial intelligence is a sophisticated technology distinguished by its unique ability to adapt behavior based on data specific to the system in which its operating. By introducing AI into procurement practices, organizations can streamline more complex processes that would otherwise require manual efforts. Not only will this ultimately reduce the risk of human error but will help to drive operational efficiency as well.

AI in procurement

While AI can be identified as any software consisting of smart algorithms, there exist a variety of subsets underneath the broader definition. From Machine Learning (ML) to Natural Language Processing (NLP), all present a capacity to adapt behaviors based on distinct data-powered algorithms designed to imitate human intelligence.…

Continue reading

What Are The Advantages & Disadvantages Of Using Reseller Hosting?

What is Reseller Hosting?

Reseller web hosting

Reseller hosting is when an individual or organization rents or purchases bandwidth and disk space from a web hosting service provider and then sells it to a third party. Depending on the type of reseller plan you choose it’s possible to have between 10 and 250 separate cPanel accounts.

cPanel is a control panel that makes it possible to manage domains, publish websites, organize web files, create email accounts and more. This type of hosting is mostly meant for web developers and designers with a customer base. Reseller hosting allows developers and designers to provide additional web hosting services to their customers.…

Continue reading

Simple Basics For Small Business Startups

2020 Proofing Your Small Business

Startup management

There is a vast amount of people who are realizing that branching out on their own in a business venture is well worth leaving behind being the backbone for someone else’s gain. Working for yourself is definitely not easy and the hours are well beyond the normal nine to five grind of being someone else’s employee. However, for a lot of new business startups, it’s worth the risk.

With so many people joining the new business sector, how do you keep your own investments from tanking? It’s a super frequent question that every small business owner asks in the beginning and answers aren’t as hard to acquire as you would think.…

Continue reading

Gender Equity and the Workplace: Has Anything Changed?

There’s no question that women gained ground in workplace equity in the last 40 years. More women work in management and executive positions now than ever. Still, gender equity is elusive. But, the labor statistics for the last half of 2019 tell a surprising story. Here’s what they show.

Successful businesswoman

Women Move In

No matter what the sector, whether it’s the military, government, business or academia, women traditionally had and still have a difficult time reaching upper-level management positions. But, when women manage to break the barriers, such as financial professional Daniella Rand, featured in this ValueWalk article, they excel.

The fact that women have broken through the barriers and do so in higher numbers serves as an inspiration to younger women entering male-dominated fields.…

Continue reading