Everyone is aware of what the Internal Revenue Service does, especially when they file their tax returns, but what exactly is an External Revenue Service and how would this impact you? Proposed Agency An External Revenue Service would be responsible for collecting tariffs from foreign goods that are sold in the U.S. Tariffs are expected […]
business
IRS is Stepping it Up
The Inflation Reduction Act increased the budget of the IRS substantially, and their efforts are already proving to be effective. Think of them as a bully who started to take steroids while training in jiu-jitsu. Here are the latest reported examples of their efforts: $172 Million Recovered from 21,000 Wealthy Taxpayers In February 2024, the […]
4 Productivity Hacks You’re Overlooking
There is no shortage of productivity hacks that can be found on Google. Some are better than others, but most will only create very minor, short-lived boosts in productivity. Here are 4 ideas that can dramatically boost your productivity. Take it to Completion Many times, people have issues with fully completing a task. They almost […]
What is the Best Business to Start?
Are you thinking about starting a business and don’t know which one to start? You can look at the latest business trends and fastest growing industries, but there are some easier, simpler approaches. Start What You Know Your chance of success skyrockets when you get into a business that you are already familiar with. For […]
4 Business Risks You Need to be Aware Of
Business is about taking risks to earn a profit. However, there are some risks that can creep up on you slowly or swiftly that can either destroy or greatly damage your business. Health Issues: As we get older, health issues become a larger risk. Common and sudden issues can include heart attacks and strokes. The […]
New Jersey Tax Breaks
There are several positive tax changes that NJ has implemented this year regarding education, child tax credits, and property tax relief. Education: A deduction of up to $10,000 of NJBest contributions, and a deduction of up to $2,500 of principal and interest paid on student loans if your gross income is $200,000 or less. You […]
Run Your Business Smoothly During the Holidays
Is that a contradiction, especially if you are a retailer? Aside from retailers and the hecticness from all the holiday shopping, the holidays can go somewhat smoothly for your business. Here are a few ideas for non-retailers and those businesses that are not absolutely crazy during the Holidays: Schedule time off: Some businesses close during […]
4 Business Ideas During These Times
What are some business ideas that you can implement and that should thrive during these times and in the future? Here are 4 to choose from: Marketing Services This includes web design, social media marketing, and developing content for your customers. The online marketing trend should continue and there will be a demand for this […]
Why is Sales Such a Bad Word?
Everyone is trying to sell something, whether we realize it or not. Even employees are trying to sell themselves to get a job and keep moving up the ladder. Although selling has a bad reputation, it is more about intent, which makes it either good or bad. The Bad Side of Sales Selling a service […]
How to Destroy Your Business Success in 6 Steps
Sometimes to be successful means to avoid doing the things that will destroy your success. It’s easy to go down the wrong path and it’s important to be aware of this. Step #1: Saddling Your Business with Debt Conventional wisdom states that there is smart debt vs. dumb debt or a similar description of two […]