Business Taxes That Small E-Commerce Businesses Should Be Aware Of

Managing taxes for your business is, well, taxing. It involves a lot of paperwork and several receipts, all of which you need to properly sort out and file. Even if you’re running a small business, taxes are still part of your responsibility, and this same goes for small e-commerce businesses.

Calculating taxes

Are Online Businesses Required To Pay Taxes?

One common misconception is that selling online does not involve paying taxes. Some e-commerce store owners may not know this, but paying taxes may be required in the area where your business market is operating.

In some places, taxation includes Internet marketplaces – that is, e-commerce websites like Amazon and eBay whose products are sold by individuals and not by the websites themselves.…

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3 Ways to Maintain a Respectable Safety Record (plus 5 Issues to Address)

Safety in manufacturing should not be perfunctorily performed just to comply with government regulations; it should be taken seriously, but because the absence of safety exposes employees to serious workplace accidents. Human suffering and loss arise if there is an injury or death in the workplace. It affects everyone—the worker’s family and friends, his or her community, and fellow coworkers and the company’s reputation.

Welding aluminum

Fortunately, all it takes are a few simple measures to maintain a company’s respectable safety record, while addressing several issues in the process.

3 ways to keep workers safe

Here are three ways to keep your employees safe and keep your safety record at the highest level.…

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How to Find a Reliable Asset Protection and Living Trust Attorney

A living trust refers to an estate-planning document with a list of instructions about what will happen to your assets after you die. Most people opt for living trusts instead of wills because they help avoid unnecessary expenditure and time wastage. It might be a good idea to sort out your living trust in case of something unexpected happens.

Asset protection and living trust attorney

Probate proceedings involve many complications and are tiresome, so you should consider setting up a living trust. If you are looking for a reliable asset protection and living trust attorney like a Garden Grove CA asset protection attorney, here are some tips that will come in handy:

Qualifications

You need to exercise caution when looking for a lawyer to help with your living trust.…

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Business Visa Interview Tips for Those traveling to the United States

If you’re a businessman and you wish to travel to the United States of America, you probably know that a business visa is required and, for the same, you need to clear the interview round. When we talk about the interview around, there are many assumptions made by people such as grammatical activity on a particular accent will be tested but this is not true.

US visa

All you need to know is that you should demonstrate your purpose of entering the United States and your financial stability, along with your strong ties with your home country. Apart from this, the following tips will help you in getting through with the interview.…

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A Brief Guide for Setting-up an Offshore Company

Any online business is the amazing consequence of a digital era that has revolutionised business communications. You can run a business from any corner of the world; however, for security and compliance reasons, you need to experience the process of setting up a company with perfect documentation and banking account.

Offshore banking

Let’s understand with an example. If you’re into exporting goods to the UK while based in Peru, at a certain point, you need to consider opening an offshore company in the UK for smooth functioning of the business and to comply with UK taxation laws.

Here is a brief guide for setting up an offshore company.…

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The Difference Between An LLC And A Corporation

When it comes to forming your new enterprise, there are a lot of different documents that you have to fill out before you can become legal in the eyes of the IRS. The first and most important thing you have to do is determine the kind of entity you want your business to be.

LLC vs. Corporation

Usually, small business owners will compare LLC vs. Corporation, but how do they stack up against each other? Let’s go over some important metrics to find out.

Liability

One of the benefits of starting an LLC or corporation is that the company is separated from your personal assets, including things like debt.…

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How Will Divorce Affect Your Business?

They say it’s smart to keep personal and business relationships separate, but when you’re married, you and your spouse become one in every way – including business. If your “I do” turns into “I don’t” in the future, what will happen to your company?

Here’s how a divorce may impact your business.

Business couple

Divorce and Business – Your Ex May Become Your Next Business Partner

Depending on the state you live in, your ex may become your new business partner when the divorce is finalized.

The way in which assets are divided in a divorce depends on state laws. A business is considered an asset, and it may be classified as either marital or non-marital property.…

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Contract Law Basics for Every Entrepreneur

Entrepreneurs have a lot on their plate, and the one thing that can really get them in trouble is the legal aspects of business. When first starting a business, there’s a lot of hustle involved, which leads to the small business owner taking major risks.

Some of the most worrisome risks of all are contract-related.

Business partnership

You might agree to something orally, and if you don’t meet your end of the agreement, you might be in trouble as a result.

Let’s talk about some of the contract law basics every entrepreneur should know and understand.

What Constitutes a Contact?

There are written and oral contracts.…

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4 Ways Small Businesses Can Reduce Workers’ Compensation Costs

Workers’ compensation costs extend far beyond the cost of your insurance policy. The costs of a workplace accident also include time lost, attorney fees, disruption to your daily operations and medical costs.

Injuries – no matter how minor or severe – can be time-consuming and costly for any business.

Hardhats help preventing costly injury compensation costs

Here are four ways you can reduce workers’ compensation costs.

1. Make Safety a Priority

Failure to make safety a priority can lead to more accidents and higher workers’ compensation costs.

Instead of looking at safety as an expensive choice, look at it as an essential part of your company’s mission and daily practice.…

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Legal Responsibilities of Your Business: Employment and Injury

As a business owner, you are lucky enough to have all sorts of additional legal responsibilities that are attached to your company. Specifically, within the categories of employee longevity and safety, there are all kinds of sets of knowledge that you should have handy about topics ranging from injury to insurance, and security to record-keeping.

Employee safety

You shouldn’t even start a business until you know how all of those things work. Because the last thing you need is to have some event occur where someone gets hurt, or there is catastrophic damage somewhere, or inspectors come in and find something wrong, and you have to plead ignorance about the whole thing.…

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