What You Need to Know About Setting Up an Office

All businesses of some sort end up needing an office. This can be as small as the corner of your den, an office in your home, or actual space that you lease to run your office out of. Why you need this office will depend on the nature of your business. Most offices are taking care of the administrative and financial aspect of your business. Before you decide to open an office, there are a few things you need to take into consideration.

What Size Do You Really Need?

Determining who is using the office is going to give you an indication of what size you need. If it’s just you so that you can handle your bookkeeping and emails at the end of a work day, then a simple home office will do. If you have human relations, accounting, IT, and marketing, they will indicate the leasing or purchase of your space. If you are going this large, make sure you have plenty of space for growth and stay well within your budget.

Shop for Internet

No matter what you are doing in your office, you will need internet. There are a slew of office internet providers and it takes some time to find the best ones. You are looking for a reliable service in all manner of weather. You also want a fast service so that you can get through your tasks with efficiency. It also helps to find fiber optic service rather than cable or DSL. Fiber optics are simply faster and ensure transfers of data over long distance without degrading the data. Fiber optics are not available everywhere and can be expensive to install. Be sure you can get fiber optics and that it’s within your budget.

Furnish It with Necessities

Shopping for office furniture can cause anyone to get caught up and swept away. Keep it simple and takes care of your needs. If you are leasing or purchasing a space, all of your furniture should match among the departments. For storage, get what you need plus one year’s worth of growth so that you are not constantly purchasing more filing cabinets. All chairs should be comfortable and provides support so that no matter how long you are seated, you are not straining your body too much. If your office space is carpeted, floor mats at the desks will allow for rolling chairs to move easily. If you have overhead lighting, you can avoid desk lamps.

Keep Office Equipment to a Minimum

Purchasing office equipment is yet another expense that is easy to get carried away with. Get exactly what you need to perform your duties. If you are in a home office and travel a lot, skip the desktop pc and opt for a laptop. If you are leasing/purchasing office space, desktops are more efficient for your employees. Sales teams of course would benefit from laptops rather than desktops. Printers for a home office should only include extras you use. No need to get a scanner option if you will never use it, unless the printer with the scanner is a less expensive option! Printers for a larger office space often need more bells and whistles but you can minimize how many printers you obtain. Many can be hooked into a network and folks can share the printer. One other option you can consider is leasing equipment, rather than purchasing it.

Office Supplies Are Your Friend

Office supplies can be your most costly expense in an office. Of course, you should buy exactly what you need and keep them plentiful in the supply closet. No matter what size office you have, getting a rewards card to your local office store will be greatly beneficial to help you save on your supplies. Look for those deals and watch how much waste you create. If you can avoid printing on paper, you should.

Hopefully, your endeavor into opening an office is an exciting time for you and your business. Take these extra steps to pay attention and make the most of your space without breaking your budget!

What to Do if You Owe the IRS Money

Let’s start with this: the IRS is the biggest, best resourced, and more powerful collection agency in the world. So, while I’m not suggesting that you’d otherwise try and avoid a debt to any person or organization, if you’re typically the procrastinating type that needs things to get serious and urgent before you’re motivated to take action, then please allow me to be your wake-up call: this is serious and urgent. The letters and calls won’t stop, and when the IRS threatens wage garnishment, tax levies and other collection action, they mean it. It’s not an empty threat.

With that being said, you shouldn’t feel as though your (financial) world is coming to an end, and that it’s only a matter of time before black tie and sunglass-wearing IRS Special Agents show up at your door and haul you to debtor’s prison.

According to Jeff Kahn, principal of the Tax Law Offices of Jeffrey B. Kahn and host of a weekly ESPN radio show that covers tax law and audit-related issues, here are two things to do if you owe the IRS money:

  1. Confirm that the IRS’s math adds up.

This just in: the IRS makes mistakes (and in other breaking news, water is wet, the sun is hot, and sarcasm never goes out of style). As such, start by confirming that the amount that you allegedly owe is indeed correct. Keep in mind that a single missed checkbox on a tax form can result in a deduction being denied.

  1. Minimize penalties and interest.

If you confirm that you do, in fact, owe Uncle Sam some money, and presuming that you cannot pay the full amount by the due date, your next step is to minimize penalties and interest. There are a few options here that may be applicable to your situation, including: asking for an abatement, seeing if you qualify for an installment plan, and seeing if you qualify for an offer-in-compromise (this is basically asking the IRS to settle for less then the amount owed because full payment is unlikely). Keep in mind that the paperwork required for each of these options — especially the offer-in-compromise — is complex, and most people who try the do-it-yourself route get things wrong and have their application or petition rejected.

Some Final Words of Warning

Before wrapping up: be very, very careful when speaking to IRS agents. Once again, I’m not trying to freak anyone out. But facts are facts, and you need to know that speaking with an IRS agent to get more information on your tax situation isn’t the ordinary call center “how can I help you today?” conversation that you’re used to. While you aren’t under oath or giving a deposition, anything you say — including the questions you ask — can and will be used to trigger a deeper examination of your filings (the IRS can go back much further than three years if they suspect fraud or tax evasion). And in extreme cases, your matter might be referred to the IRS’s Criminal Investigation division for potential prosecution.

 

So yes, it’s fine to simply ask ordinary questions (e.g. “where can I find this form?”), but anything else should be handled by your tax attorney — not by your accountant, whose conversations with you and work product isn’t protected by attorney-client privilege.

Here’s why it is important to document your finances for your family

Life is unpredictable and being healthy today does not guarantee you the same tomorrow. Death and incapacitation are common occurrences that take place on a daily basis and thus one needs to have a plan. Documenting your finances does not mean that you are predicting own death as many people tend to think. It just shows that you are smart and responsible enough to direct others how to use your estates when you are gone. The following are reasons why you should document your finances.

  1. Appoint your beneficiaries

The government shares property among the immediate family members according to the laws and regulations regarding inheritance if there is no valid will. Such property is not given to charity or friends unless there is a will that directs so. You can distribute your finances among family, friends and other noble courses through writing.

  1. Avoid conflicts among family members

Family feuds and fights over property often happen due to lack of documentation. The government in such a case appoints a lawyer to handle the sharing. Inheritance disagreements can lead to enmity and mistrust among family members. The only way to ensure that family members protect and respect your decisions is putting it in writing.

  1. To cater for emergencies

Accidents are inevitable, and you can become ill or incapacitated such that you cannot make logical decisions. You can designate someone to handle your finances in such instances for smooth running. You can draft a Power Of Attorney to deal with all your legal and financial matters. You can also prepare a living will that dictates how to handle your medical health when you cannot speak for yourself.

  1. Avoid losing property to the government

The crown takes all the assets when someone dies with no valid will or family. The process of inheriting unclaimed assets is tedious because one has to prove that he/she is an entitled relative. Friends can also fraud your loved ones after your demise.

  1. Plan ahead for a decent send-off

You can direct the family members on how to conduct your funeral service, particularly if you want specific things to happen. Funeral plan companies like Golden Charter are also worth checking out, considering the considerable cost of a funeral. The last thing you want is to lumber your family with debt. Paying into a plan will stop that problem from happening.

A proper documentation gives your inheritors an easy time when managing your estates. It is only through writing that you can direct your loved ones on how to use the property.

Find Trading Opportunities with XTrade Europe

Money is a sensitive subject because everyone has an opinion on how it should be handled, and quite often, this opinions will contradict each other.  It causes no end of trouble for all of those who are looking for it to work in a business situation, whether it’s a physical banking book that has to be balanced, or an online account that has to take into account the trade market.

There are some who understand the idea of how to make money work for them, and then there are others who struggle with the idea.  Specifically with the handling of it.  Take your business for example.  When you borrow money, what do you do with it?  Do you use it for those day to day expenses or do you put it towards those large things that you need to purchase on behalf of the business?

Borrowing money should be always be a last resort, but when it is done, it needs to be done with an expert hand and applied to the perfect things that are going to make good use of the money that you borrowed in the first place.The same thing can be said for online trading.  You have to remember that when you’re trading at the professional level, you have to also have the finesse of working at that same level.  This is shown through making the right trades at the right times.  While theory and monitoring certainly goes into making the decision in how to “ride the market”, even the experts like MGJL will tell you that a lot of times you make your decision based on how the market will “feel”.  The best example of this is looking at how, during the holiday season, some people lose out in a big way with the stock market, and other people will benefit greatly.  It comes down to knowing when to use the market to your advantage using strategy and when to simply let it take you for a ride instead.

This theory of understanding money in more than nickels and dimes, of seeing it more as a living creature, or a bargaining chip, this allows for a business to profit in ways that those who keep money as a flat object cannot.  There is real power in controlling money the right way, but this “power” comes from understanding the value of money in itself instead of what money may mean to you, personally.

No matter if you’re looking at a business loan or how to use your money wisely in a rocky trading situation, the best people in the business do as well as they do because they respect money in itself and know just where to out it and how to use it so that they get the best possible value for it in all of their professional endeavors. This may not be practiced in the smaller businesses that are just trying to keep afloat, but it should be.

Financial Life

There are many ways to be successful in business, whether you’re looking at it from the point of view of a reputation, or financially.  The thing is, reputation and financial stability can go hand in hand, and make the best of each other.  It’s a kind of relationship that benefits both ends and can really help you get ahead of the competition.  Just take a look at the way they work together.

First of all, financial stability needs to be taken as seriously as possible.  Finding that you are comfortable in finances even when you are bringing in new customers and taking on investments is not something to take lightly, it’s a huge accomplishment.  The thing that most people find hard is how, exactly to get that.

The answer is in the other half of the relationship: the reputation.  When you start a business, you have to make sure that you’re in it to win it with the right advisors behind you like Alexander.  From the very first moment, make sure that you are operating at your best quality.  Advertise professionally, reach out to make business contacts, call in favours, do what you have to do to get started on the right foot.  When that’s done, you’ll start to have customers trickling in.  While it may only be a few at a time, they’ll come back and recommend you to their friends if you do it right.

When you get a steady client base, your reputation will start to increase and, if you keep doing a quality job and treating your customers right, you’ll be successful in the small business world before you know it.  This means that you’ll have a great reputation that will really boost your professional quality and your stance in the corporate world.

Financial stability will come having that positive reputation.  You’ll be able to bring in bigger clients that wouldn’t have looked at you before, bring in more employees so that your business can be better and bigger, and reinvest the money you make so that you are always making money that will go back into the business.  It’s a cycle that really needs to be taken seriously if you’re going to get anywhere with business.

The hard part is finding that balance between how much money is “enough” and doing the job right. That balance, while hard to find, will benefit you in such a way that success will almost be…easy. What a strange thing to think about as you sit here looking at the huge mountain in front of you. The hardest thing to do, they say, is the first step. So go ahead and get it over with by starting out that balance with a positive and professional step forward into the business world that is waiting for you. No one is saying that you won’t have bad days, but if you keep motoring on through and holding onto your business, you’ll be able to see the light at the end of the tunnel become much clearer.

Buying or Renting is Not the Only Argument when it Comes to Housing

Housing debates, the kind that as you grow older start to fill your conversation with friends over drinks. Should I rent or buy? Should I get a roommate to share the cost? Should I invest in a rental property? or even Should I move in with my parents?

This is the new reality for today’s housing market. If you live in a major metropolitan centre you may have even been priced out of your market. Did you know that if you make an average income in San Francisco that you would need four roommates to get by? How about eight in Hong Kong?

This infographic from the real estate agents at Liberty Village Toronto, calculates the number of roommates needed for major cities across the globe. It also provides some really neat stats around home ownership that you may have not considered.

Spoiler: Hong Kong is probably not the place for you.

Do-You-Need-A-Roommate1

Graphic Design by Miami Seo Company, Vol & Tier Digital

Stuck for Cash? Get an Illinois Title Loan

Nothing is worse than needing some quick cash, but not haven’t enough in your wallet or bank account. Often unexpected bills arrive at the least opportune times—the car breaks right before the big vacation—or you lose your job and need to pay rent. A car title loan may be the best way for obtaining the cash you need quickly.

Title loans work by turning your car title into fast cash. It works as a loan, which you repay over a set payment schedule. The process works quickly, and most applicants will have their cash within twenty-four hours. This is often a lot faster loan than a bank can provide, particularly if you’re applying for your loan over the weekend, or in the evening.

Most banks have a longer application process, and you may have to give a reason for your loan, such as to pay bills, job loss, etc., which are reasons they may not like to hear.

Many people also have a bad credit score. This may have resulted from a job loss in the past where many bills were paid late. But with Illinois Title Loans they won’t look at your past credit history. Instead, your loan is secured with collateral, in this case it’s your car. In the event that you can’t pay back your loan, your car’s title will pass to the lender. It doesn’t happen too often, but you can be confident that you’ll have obtained a fair price for it. In the event this happens, your credit history will not be affected at all.

To see how much money you can get on your car title loan, visit the0 Illinois Title Loans website. Enter details about your vehicle: year, make, model, style, and estimated mileage, and click Next. The next step is entering details about you: full name, cell number, email and zip code. You’ll have to x the box to agree to receiving a quote on how much cash your car is worth. You’ll also need to agree to the privacy and wireless policies, and the terms and conditions, then click the Submit button.

Shortly afterwards, you’ll receive your quote. There is no obligation for obtaining a quote—if all you want to do is see how much you can get, you don’t need to follow through with the application process. But if you do, you’ll receive details in your email account. The entire application process will take less than 24 hours.

Another great benefit to obtaining title loans is that you can still keep on driving your car. This is different than obtaining a loan from a pawn shop, where you must surrender your item until you have paid the loan back in full.

Some other ways you can use the quick cash from a car loan include paying for medical or business expenses, car repairs, and many other reasons. There are no restrictions to how you spend your cash.

Choose Illinois Title Loans for the next time you need a loan. You may have some great ideas for how you’re going to spend your extra cash