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The Benefits of Reading for Business Professionals

Posted by Michael Mally on December 22, 2022 in business

Reading is a great way to relax and an integral part of being a successful business professional. Ian Leaf says reading can benefit those in the business world, whether it’s industry-specific books or novels. This blog post will explore why reading is essential for business professionals and how it can benefit your career.

Developing Your Knowledge Base

Reading is one of the best ways to gain knowledge and stay up to date on the latest trends in your industry. Whether you’re looking for resources to help you understand new concepts or simply want to stay ahead of the competition, reading books that pertain to your field is an excellent way to do so. Expanding your knowledge base will make you more confident in what you do and better equipped to handle challenging tasks. Plus, having a solid foundation of industry-specific information can also give you an edge when applying for jobs.

Improving Communication Skills

Another benefit of reading is that it can help improve your communication skills. The more you read, the better equipped you are to understand different topics and perspectives, which helps with conversation starters and engaging in meaningful dialogue with others. As a business professional, strong communication skills are vital as they are necessary when networking or dealing with clients or customers. Additionally, if you are looking for ways to stand out from the competition during interviews or presentations – reading may just be the answer! 

Improving Vocabulary

Reading also has a positive effect on language development as well as vocabulary build-up. By reading extensively on various topics, your writing will become more refined and mature over time, as well as your speaking abilities. This will pay off in personal and professional conversations, such as meetings with colleagues or clients. Articulating yourself is crucial when representing yourself or your company – something that could make all the difference between success and failure down the line!

Cultivate Creativity

Finally, Ian Leaf says reading helps cultivate creativity by giving business professionals access to different ideas and perspectives that they might not otherwise be exposed to in their day-to-day lives. By immersing yourself in other genres or topics outside of your comfort zone—fiction or nonfiction—you can gain insight into how people think differently than you do and get inspired by new ideas that could potentially lead to innovative solutions within your organization or workplace setting. Additionally, some research has shown that regular readers have higher levels of creativity than those who don’t often read due to increased exposure to different forms of expression through literature or other written works such as poetry or plays.

What Types Of  Reading Material Should Business Professionals Read?

Regarding reading material targeted explicitly towards business professionals, industry-specific books or magazines are a great place to start. Additionally, biographies of influential business leaders or entrepreneurs can provide insight into the successes and failures of those who have gone before you and how they overcame them. Finally, reading articles from publications such as Harvard Business Review or Forbes can keep you updated on recent industry trends and strategies.

It’s important to remember that reading is essential for business professionals to stay competitive in today’s market. By reading regularly and expanding your knowledge base, you will become more confident and booming in whatever endeavor you pursue.

Conclusion:

In conclusion, reading has many benefits for business professionals, from improving communication skills and vocabulary building to increasing knowledge about specific industries or topics related to their work. Business professionals need to set aside time each day (or week) dedicated solely towards expanding their horizons through literature – whether it be fiction stories or non-fiction books related to their profession – so that they can be better prepared for any situation they come across throughout their career paths!

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How Much Money Can You Make in The Hemp Industry?

Posted by Michael Mally on November 12, 2020 in business

Hemp has been thrown into the equation whenever a discussion comes up about whether cannabis should be grown for the good of society and the economy. Chinese farmers have had a long and distinct advantage over U.S. farmers who have often struggled to gain access to hemp over the better half of a century. The 2018 Far Bill changed the view of hemp, a member of the cannabis family that contains little to no amount of THC, the psychoactive ingredient that led to the banning of cannabis in general production, according to The Guardian.

What is the Hemp Industry Worth?

This is a tough question to answer because of the relatively new nature of the industry following the legalization of hemp and other cannabis plants in 2018 by the U.S. Federal Government. What we can be certain of is the fact the industry has already proven a success with its three commonly seen sectors seeing varying levels of success in the U.S. market.

Overall, the hemp industry is seen as one of the major successes of the agricultural sector over the last few years. The total worth of the hep market is still difficult to understand fully because of the different types of farmers making their presence felt in the U.S. from cottage outdoor growers to huge, indoor facilities over 7,000 feet in total space. Some reports have estimated the entire market is worth around $5 billion per year in 2020. The cannabidiol market is the most significant part of the sector with Statista reporting the market is with around $2 billion per year. Of this $2 billion per year, the market will produce more than $600 million from the sale of hemp-derived CBD.

Getting the Formula Right

One of the issues seen with the growth of cannabis plants of ay kind is the lack of research that is available for those looking for help in growing these plants. Ag Professional reports farmers around the U.S. are desperate to obtain licenses to grow hemp and take advantage of the market but face some issues when it comes to understanding how to grow hemp.

The market is going to face many issues with trial and error over the course of the development of the sector before hemp processing can be completed with ease. Farmers are reporting there is no specific right or wrong way to grow hemp because of the illegal nature of the plant for the last eight decades. Among the problems being seen is how much fertilizer to use for the best level of growth and how many cannabis plants to include per acre. Research is being completed at colleges and universities around the nation into how best to grow hemp, but this is a part of the industry that is difficult to estimate for the future.

Different Types of Hemp Production

When you are considering what you could earn if you switch from traditional crops to hemp, you will usually find yourself questioning what type of hemp production you are going to complete. Hemp processing is required if you are to try and grow these plants for fibers. This is a part of the hemp industry where the U.S. is still falling behind the Chinese hemp-growing and processing industry which has decades of experience to call on regarding the use of fertilizers and processing opportunities. If you are looking to harvest and process hemp for fibers you will see profits but you need to have a processing facility located close to your farm for success to be achieved.

The second form of hemp production you should know about is for grain used by the food industry. Grains offer a hefty profit when compared to other industries that are producing edible grains and crops for the food and beverage industry, but they still lag behind the CBD oil extract market.

CBD Oil has the Highest Demand

Farming, like most industrial sectors, is all about supply and demand. CBS oils are in the highest demand for those working with hemp extracts, no matter what reasons an individual has for wanting to use these products. Former professional football players are calling for hemp processed CBD oil to be an area of investment for the NFL as a way of handling the problems caused by head injuries in the sport. CBD oil is an integral part of the modern medical industry and looks set to continue to rise on profitability in the coming years.

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How MRO Inventory Optimization Can Quickly Improve Your ROI

Posted by Michael Mally on June 11, 2020 in business

One of the main things that companies are consistently judged on is their ROI, or return on investment. When companies have a large return on investment they are said to be a highly profitable company. The opposite is true for companies that have a low return on investment. While there are many things that affect a company’s return on investment, it can be difficult to pinpoint the exact things that have the greatest impact on it. Because of this, it can be difficult to understand where the company is failing if they have a low return on investment for one quarter.

To help ensure that you are doing everything you can within your facility it is important to understand the impact that MRO optimization has on your companies return on investment. Here are some of the main ways that the optimization of MRO can affect your ROI.

#1) Reducing Cost of Duplicates in Inventory

The more money that you have laying in inventory the less money you have on hand to claim as profits. If you are constantly putting money into your inventory that is less money that you have to claim as a return on investment. Each facility only needs one of everything in their inventory. If you have duplicates in your inventory, this results in needing to spend more money on your inventory. Therefore, you have less money that you can say is a profit.

Reducing the cost of duplicates within your inventory can significantly help to increase your return on investment. This is the main strategy that many companies may use to help boost profit margins in a specific quarter. If you are a small business, the need to have an accurate inventory is more important than ever.

#2) Reducing Costs of Bad Data

If you are able to have an accurate way to control for all MRO practices you can significantly increase your return on investment. Bad data has many consequences and one of those negative consequences is reduced profits, which directly affects your company’s return on investment. Bad data takes time and money to fix. It can trickle its way down into other areas of the business and have many consequences in all areas of the business. To help reduce costs of bad data you need to ensure that your MRO is efficiently and accurately optimized. If you are unable to do this in house you should highly consider a third party company to help you.

#3) Reducing the Need To Fix Data

If you have bad data within your digital platform, you will need to correct this data. The cost to fix the bad data from your MRO processes takes a great deal of time and money. You must hire a person to help fix the errors, which can significantly reduce your ROI. Managing your MRO processes and not needing to fix data can help increase your ROI.

#4) Increasing Productivity Within A Facility

An optimal MRO strategy can significantly affect a company’s ROI. If your MRO operations are working as efficiently as possible you will naturally see greater productivity within a facility. You will notice people working more efficiently, less time being wasted, less time fixing errors on a digital platform, and less time on repairs. All of these factors can significantly affect the productivity within a facility and help to increase your return on investment.

#5) Reducing Wait Time for Repairs

Another main factor of MRO optimization that can significantly affect your ROI is the time needed to make repairs to your machinery when it is not operational. Your mechanics are a great asset to your company, however, their time is not always efficiently managed. If your storeroom is disorganized or if your inventory is not properly tracked you may be increasing the time it takes to make repairs on your equipment.

If you are looking to increase your return on investment it is crucial that you reduce the time it takes to make repairs. This means that you need to have an organized store room with all material on hand. If your mechanics are easily able to locate the necessary parts they can get to work quicker. The faster they make repairs the more productive your plant will be. This ultimately results in a larger ROI.

If you are in control of a facility it is crucial that you understand how an optimal MRO process can affect your ROI. The greater your ROI the better your facility will be rated and the more likely you are to get promoted

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How to Start a Book Publishing Company

Posted by Michael Mally on April 12, 2020 in business

Do you have an interest in books, knowledge, and personal growth and success? If so, you may want to consider starting your own book publishing company. If you have considered this idea in the past it may be a realistic goal that you want to set for yourself in the near future. There are many benefits to owning a book publishing company. The most difficult part of owning one is getting it started. The startup process for any business is difficult and risky, but the reward is definitely worth it. Here are some tips to help you start your own book publishing company.

#1) Create A Structure For Your Business

All business owners want their company to be a success and the only way that you can have a successful book publishing company is if you have a solid and easy to follow the business structure and business plan. Before jumping right in to sign authors and publish books there are many things you must take care of first.

If you do not have any experience running or starting a company it may be wise to consult your accountant first. An accountant will be able to help you understand how your business can make money, the different risks you can take, the financial startup costs that your business will need, and the type of business that you will be able to set up within the state.

#2) Register and Name Your Business

Once you have a solid business plan that both you and your accountant are comfortable with you can decide on a name for your business. Make sure that the name is not already in use so that you do not get sued later down the road.

Once you have a name you can register your business with the state, city, or county. Each area has its own rules about starting a business so be sure to check with each area. Following the proper steps at both the local and state levels can help the process move along much more smoothly and get you one step closer to signing great authors, like Sam Haskell to your business.

#3) Open A Bank Account

It is crucial that you set up a new bank account under your company name. You can visit your local bank to get started on this step. The financial advisors of your bank should be able to help walk you through these steps and make it easy to follow.

Remember to keep all of your banking information and account numbers in a safe place. Now that you are a business owner you may be at an increased risk for scams. You should never give out your personal information to anyone that you do not know and trust.

#4) Sign Authors and Purchase Rights To Books

Once you have your own book publishing company set up and registered with the state you can feel free to start operating your business. You can sign authors, like Sam Haskell, and others who may be looking to publish new books in the future. You can try to sign new authors to exclusively work with you and your company or you can try to just purchase the rights to books.

Statistics show that there are approximately 675 million print books sold each year in the United States. As a book publishing company owner, you can help publish books to increase this number. One of the best things about owning your own book publishing company is that you can help decide which books get published and you get to profit off of sharing new talents with the world. You do not have to follow the rules and restrictions of other publishing companies and instead can choose the things that get published.

#5) Find New Talent

With the increase in electronic books, it is important to not only purchase rights to books but to also find new talent. Finding new authors that you love can help grow your business and help your business stand out among others. If you are interested in this business you likely already have a good eye for natural talent and great writing.

Finding new talent is essential to grow your business and create relationships that will grow with you over time. No one can run and grow a business on their own so it is essential to have people by your side to help you through the challenges. Finding new talent and publishing their books can help you in the long run.

#6) Pay Your Taxes

One crucial piece of starting your own book publishing company is operating your company like a real business. You must remember to file your taxes each year so that you do not risk ruining your company and your name. Your accountant should be able to help you with this final step

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Seven Unique Ways to Promote Your Collection Agency

Posted by Michael Mally on February 24, 2020 in business

So, you started a new collection agency, and now you need to find paying customers. It’s a common situation and one that every other entrepreneur experiences. Fortunately, there are tons of proven ways to get those first paying customers.

Don’t Neglect Your Website

Chances are you’ll want to get more customers online. With that goal in mind, it’s worth building an ideal website that gives customers enormous amounts of information.

Your website won’t drive traffic by itself, but it serves as a hub for your business. Potential customers will want to visit your site to get info. You may even end up making it fully interactive by offering reporting and payment options. There are a few limitations, other than your imagination and willingness to invest.

Social Media Helps You Connect With Customers

Social media remains an excellent way to connect with customers. It takes a decent time to build a loyal following, but the benefit is that doing so provides free traffic to your website. You will also engage with people directly on each network, which means they may contact you directly for help.

Companies like Pacific Collection Group benefit substantially from their social media output. Following in the footsteps of leaders will help bring your business to the same location.

Business Cards Are Effective

Purchasing business cards and passing them out at networking events still works wonders. If you’re aggressively looking for new contacts, a well-designed and memorable card will make you stand out from your competitors. It’s worth putting personal touches into the design so that people have some association with your brand.

Content Marketing Brings in New Customers

Content marketing is ideal to leverage expertise to bring in more clients. By publishing authoritative content regularly, customers learn that your firm can solve their problems. When you give them a method to do business with you as well, they’ll contact your company.

It’s easier than ever to distribute content across a full spectrum of devices. Videos, images, and written posts all have potential audiences waiting for the message. Keep in mind, it takes much work to achieve content marketing success, but it delivers a very high ROI.

Be Innovative With Your Approach

If you’re able to show businesses the ways, your service will make them money getting customers will be comfortable. A business owner would be happy to hear how your recovery methods will add to their bottom line. If you approach them with an offer that costs them money, they won’t listen.

Innovation in marketing will also help your agency stand out. If you’re willing to be different and it shows, you’ll reap the rewards. Since you’re offering a service that others provide, it pays to have an edge that makes your program more distinctive. Pacific Collection Group builds a name by using human-centric collections methods. You may carve out a niche with a similar interest.

Networking Is a Leading Way

Personal networking is a fantastic way to gain clients. It takes effort and a significant bit of energy, but the results are long-lasting clients. At first, people don’t know about your service or you. If they’re willing to take a meeting or at least speak with you, you have a chance to develop the relationship into something more.

Networking is inexpensive and effective because so many people are looking for additional contacts. Debt collection agency owners who are willing to work on their charm and outgoing nature will do well. There are tons of networking events, so there’s no shortage of chances to meet business owners who would benefit greatly from your service.

Marketing is an ongoing process, and it’s okay to build up a strategy over time. For companies that are starting, they generally have more time than money. That means they’ll do better using that time to network and use social media. As the client base grows, they will have more money and less time.

When that happens, it’s time to spend money to advertise digitally. It takes a good deal of cash to compete in online advertising, so it’s generally something that comes later. If your agency has full funding, then you may start with ads to scale more rapidly. Naturally, the rate at which you scale will rely on your infrastructure and ability to handle customer growth.

Marketing your debt collection agency should not be too tricky, strictly because companies all have unpaid accounts. That means you’re selling an in-demand service to a motivate clientele

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Why Your Business Needs Legal Protection

Posted by Michael Mally on January 15, 2020 in business

Starting a business can prove to be a rewarding field, but it can also be financially damaging if you are not sufficiently prepared to manage it. One of the necessary steps that should be incorporated with starting a business include taking precautions to protect your company in unexpected situations.

The various types of losses that can take place in a business can be guarded against with different kinds of insurance and legal protection. Legal insurance is one specific form of protection that can help prevent major, unexpected expenses.

Unfortunately, many businesses put off getting legal protection until a notice of a summons is given. If you do not have legal protection and are getting sued, you are too late. Getting a business lawyer and legal insurance before you are sued is highly advisable. Once your business gets sued and the problem has already occurred, it is only a matter of how much you have to pay to get a problem resolved. This includes everything from settlements and attorneys’ fees to in court costs.

What Is Business Legal Insurance?

Legal protection insurance is a form of insurance that pays for representation and advice from lawyers. Fees from lawyers can quickly cost any business thousands of dollars. This price will be exponentially increased if a particular case ends up in court. Getting legal protection can help save thousands of dollars for your small business.

This legal protection also covers necessary legal aspects such as advice about intellectual property, representation if someone were to sue your organization, and advice on bringing a lawsuit against someone else. If you require more information on certain legal issues such as these, you can visit Douglas Healy for expert advice.

When getting legal protection, it is imperative for you to read the fine print. This is because not every legal insurance policy covers the cost of suing someone else. They all come in different forms, so it is advisable for you to ensure that you have a proper understanding of the terms of the insurance.

Advantages of Legal Insurance

One of the potential advantages that getting legal protection will serve you is the cost. Everything revolves around money, and the amount that your business would have to pay with legal troubles can be slashed significantly with the proper protection and insurance. Paying you back could set you back financially depending on what your goals are.

There is also the fact that legal protection can provide your business with coverage for future events such as legal advice on business matters. This can be helpful in a situation where your policy can cover advice on property issues. These issues include a company’s brand and trademark.

Depending on what kind of business you are in, you may also be interested in learning more about insurance for personal legal expenses which can cover similar events, only on an individual level.

The Importance of Hiring a Competent Attorney

Hiring the right attorney is perhaps the most important aspect in getting legal protection. This will be the person that will advise your business on how to act and how to react when you’ve been sued.

As the business owner, you should secure an attorney that is specifically familiarized with customs and laws in the area in which the business performs its operations. For example, if your company is expecting legal trouble from the IRS, then hiring a tax attorney may be necessary.

You should take advantage of resources available to you to help you find such an attorney. One such method includes cold calling, a technique in which you call someone you haven’t before in the hopes of forming a relationship. You will also want to interview form the phone book, utilize professional references, or get help through professional organizations that the company belongs to. For further information on important business tactics such as these, you should visit Douglas Healy for more resources.

As you can see, getting legal protection for a business is highly important to help offset some of the high costs associated with legal troubles. Businesses can be profitable, but all it takes is one bad run with someone or another organization to damage a business’ financial capabilities and reputation. Get legal protection before trouble arrives at your business’ front door

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Daniel Doyle Pleasantville NY Shares Why He Takes Time Away From His Business to Be a Mentor

Posted by Michael Mally on January 2, 2020 in business

Aspiring photographers can use all the help they can get when working towards being a professional photographer. Finding a mentor in the business is a great place to start building relevant information towards photography success. There are just so many details of the photography business that many newbies can’t get from school. Daniel Doyle is a professional photographer working in Pleasantville, New York and loves to mentor. He has a busy schedule but finds the time to help out new photographers and their journey to success. Here are some of the many reasons why having a mentor in the photography business can help you rise to the top of the photography pile.

Goals To Work On

Being a freelance photographer or a photographer that owns their own business requires an immense amount of self-discipline. This may scare some people, but there is nothing to worry about. Daniel Doyle of Daniel Doyle Pleasantville NY has been through many experiences to get him where he is today. His mentoring consists of helping young photographers with helping them set goals in their photography journey and achieve them. If this is an area that you need help in, mentoring can help you work through the process.

What Do You Need To Work On

Dan Doyle is quick to help those he mentors by pointing out their strengths in photography which is helpful, but there is another method. Finding the things that a photographer needs the most help with for growing as a photographer is more important. With Daniel pointing out where you can improve in your photography, you will become a stronger more efficient photographer. No artist likes to be told they are wrong, but every artist has improved when they admit they are, and changed. When Daniel Doyle was working in Queens New York, he learned fast from things he got wrong and had to improve upon.

Focusing On The Important

Dan Doyle of Daniel Doyle Pleasantville NY has two photography studios, one in Pleasantville, Ohio and one in Pleasantville, New York. If you talk to anyone who owns their own business, they will tell you that staying focused is number one to running a successful business. Dan’s mentoring can help you focus on the aspects of the photography business that you need to know. From equipment to gaining clients, to executing the proper shots in different situations, there is always something new to learn in photography. Dan has many happy clients from Queens to Ohio. Dan can help you with whatever stage of photography you art is at.

Dan Doyle is a great guy. He helps fellow photographers get where they want to go through mentoring. It is always good to have friends in the business. Dan is more than happy to help aspiring photographers delve deeper into their careers by learning as much about photography as they can. Dan, a professional photographer, is someone who cares and helps people see the world through his lens is available for mentoring

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Why Small Business Owners Like Having Donald Trump in Office

Posted by Michael Mally on December 26, 2019 in business

President Trump has become extremely popular among the Midwestern states such as the state of Pennsylvania where the voters do not want to see the ongoing economic problems presenting issues inside of their lives.

Survey Says:

During a more recent survey conducted by the Wall Street Journal, President Trump has shown to lead a democratic poll against opponents in areas such as Ohio and Wisconsin. In the same poll survey it shows that those same states are thriving and growing due to Trump’s pro-growth within the economic policies under his new direction.

Trump’s agenda with the economy had a phenomenal effect on Pennsylvania: The state’s employment rate has decreased and has been the lowest in nearly 20 years, and with the new growing economy, new jobs have accumulated.

Plans and Ideas of President Trumps Agenda

Triumphantly, with Trumps economic ideas and plans, he has made the coal mining industry increase across those States, where in the past regulations throughout Pennsylvania which had placed hundreds of miners out of work.

Pennsylvania voters, have gathered around to lead to another significant reason to support Trump in the 2020 Presidential Election: Trump and the Democratic Party have worked together to brainstorm a more sufficient idea of socialist policies that banish America’s prosperity back to normal since the election of Former President Obama.

A statement from a Former Pennsylvania Governor and the National Committee Chairman Ed Rendell, ” When it comes to Elections, the more and more candidates or elected congress people discussing the debates based on Medicare for all, the more it become apparent the campaign are becoming more in Trump’s favor.”

However, Rendell is correct, there is no significant evidence that the Democrats are willing to give up on their plans or ideas towards the political center.

Due to studies conducted on the Green New Deal, is has shown that the cost for taxpayers will quite possibly reach $93 trillion or be based on income up to $600,000 per household, pushing more Democrats to pursue the proposal, most are arguing America requires to have more rules and regulations due to climate conditions and climate crisis’s no matter what it costs.

Based on a statement made by California Senetor Kamala Harris, “I agree and support the economic policies in the Green New Idea, because we need to make the issue with our climate crisis more serious and take action”.

During Trump’s more than 2 years being in Office more and more voters have witnessed the positive effects of his growing agenda and plans. Which included terminating more than 30,000 pages of regulations which were the main factor in the decrease of jobs and employment which caused the high percentage of unemployment rates. But now Democrats are seeking out to have those benefits in exchange for a higher more intense promise based on long discredited economic and social policies.

Democrats might be determined to establish a so called “perfect world” but due to the instability of their popular demands would only increase poverty and can possibly destroy bigger industries such as coal mining and oil rigs etc.

While Pennsylvania is growing and thriving, due to the latest poll studies and opinions it also shows and states that the voters know a great idea when they see it, but democrats have quite a few things that will work out for them in 2020.

David Urban, the commentator at CNN and former adviser during the 2016 Trump elect campaign within Pennsylvania and Aliquippa native has contributed to the Trump election and David Urban continues to work towards support for President Donald Trump

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What Triggers a Sales Tax Audit

Posted by Michael Mally on December 19, 2019 in business

According to Forbes the world of sales use tax is a decidedly murky one for many companies.

What is the sales nexus point that triggers our company from having to file sales tax in that state? Do you have an exemption? Will you follow the next South Dakota vs Wayfair sales tax case and be the next victim? Will closing a store or going into bankruptcy trigger an audit? Is my accounting office really the best source of doing my sales tax returns?

According to Statistica US online shopping is expected to 547 billion dollars in 2019, and cash strapped states want their share of sales tax for those sales.

What is the sales tax nexus?

Simply put, sales tax nexus is the dollar value of sales or the company’s impact on the state. Under the old rules, unless A company such as Amazon had a brick and mortar store in Minnesota, for example, then they were not required to collect sales tax.

However, in 2018, in a case known as the Wayfair sales tax case, South Dakota obtained a supreme court ruling that nexus could be established purely through sales, and brick and mortar stores didn’t matter.

The results of the Wayfair decision are still playing out, but there’s no question that soon, pretty much every online store will need to file sales taxes in every state they operate.

That alone is one reason why many companies are relieving the burden of their accounting office to do the task and relying on sales tax outsourcing.

Companies such as Tax Connect, provide sales tax outsourcing, that not only establish everything needed to file your sales tax within a given state but to Tax Connect but to support you in the event you do receive a notice of a sales tax audit.

Sales tax law is very complicated and can be expensive to defend yourself against. And as with all taxes, with sales tax law, it is up to you to clearly defend yourself in an audit, not the other way around. Otherwise, at a minimum, expect a lawsuit from the state.

A great many sales tax calculator programs exist on the internet, but bear in mind, a sales tax calculator shows you the maximum amount of sales tax owed. They do absolutely nothing to show you any amount of sales tax deduction.

Some states provide a sales tax deduction of up to $100,000 in sales. In addition, on your Federal Income taxes, you can claim a deduction for part of those state and local taxes, but consult your local CPA for all the details.

The bottom line

If you are engaged in online sales, plan on getting acquainted with both a tax attorney and an accounting firm.

States have learned that sales tax audit is a great source of revenue, so even the smallest firms are getting audited. In fact, many small firms may consider switching from a sole proprietorship to full-fledged corporations, because state tax auditors see smaller companies as most likely to have filed their taxes themselves, and maybe filled with errors.

Also, if you don’t want to risk and audit, never be late on your sales taxes. That also is a sure way to generate an audit the following year.

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How to Become an Industry Leader in Your Career Field

Posted by Michael Mally on December 12, 2019 in business

Every industry needs leaders to help pave the way in the industry and teach others how to succeed. People work hard to become leaders to get consulting jobs that pay a lot of money. It can be quite a journey to becoming an industry leader. Once you’ve got the experience, you may still have trouble. Here are some tips to help establish yourself as an expert in your field.

1. Stay current

Your industry will change as you continue your career. Some people like to stick to the old way of doing things. If you want to become a consultant, you need to learn how to keep up with the times. Learn about the latest news in your field as well as the latest technology. As an expert, you need to know everything. Engineering consultant Pedram Zohrevand said in an interview, “What was once a standard will change whenever someone else finds a better way to do something.” If you don’t keep up on changes, you are missing out on new and efficient ways to do things.

2. Establish relationships

Many people will insist that they are experts in their field, but they don’t have a lot of support to back it up. If other people consider you a leader in your field, it is more believable. You need to meet people and network. When networking, remember to stay professional and stay focused on business. The more people you meet and the more you learn, the more connected you will appear to others. These connections can help establish your position in the community. When asked what he would change in his past, Pedram Zohrevand said, “I would take time to nurture more friendships.” Sure, these friendships offer companionship and social experiences you don’t want to miss, but they can also take you to the next level in your career.

3. Publish high-quality content

Start a blog. In your blog, publish high-quality content related to your industry. Do your best to make the content unique compared to the other material already out there. You should not be afraid to make it humorous and entertaining if possible, too. Proofread your blogs thoroughly to ensure professionalism. Post blogs regularly, such as once a week. Don’t forget to link to the blogs on your social media accounts. Extraordinary and useful blogs may go viral, at least in your local community.

4. Act like a leader

You need to act like a leader if you expect others to treat you like a leader. Dress and stay organized like a professional. You should also use professional language and conduct yourself professionally at all times. You should also treat all colleagues with a level of respect that every person wants to be treated while still displaying a sense of confidence.

If you want to be paid like an expert, you need to prove that you are indeed an expert. Use these tips to make your hard work hard for you.

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