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Regardless of whether you run a nearby dispatch or a top-of-the-line limousine service, you may discover you have to get a small business loan for your taxi business. It takes a ton of funding to stay aware of the enormous contenders, so the opportunity may arrive when you need a convergence of money to rival the various alternatives out there. Likewise, you may require money to turn toward one of the most effective plans of action: the sharing economy.

In the case of taxi licenses to access a loan, the term used is the pledge. Although the word “pledge” is not very frequent, it is one of the most used credit guarantee formulas for granting loans and personal loans. The definition of a pledge is leaving pledged one or more goods as an additional form of guarantee of payment towards the person or entity that is lending us the money. It is a prevalent practice in loans between individuals and in some banks.

Pledge is the perfect method for people who have no guarantees of any kind that guarantee that they will return the borrowed money – payroll, real estate property, etc. – and therefore have more difficulties accessing financing. One guarantee most used by many of our clients is the transfer as a guarantee of the payment of their taxi license, that is, the pledge of the taxi license to obtain a loan.

 

When to apply for taxi licensed loans?

New taxi drivers the most common context in which a taxi driver pledges his license is in the case of new taxi drivers who want to acquire a permit from another taxi driver- generally, he has retired or has left the sector. They do not have the amount of money needed to buy it. Depending on the city in America in question, a taxi license can cost a whopping up to $170,000, an amount of money that very few people have. You can ask for a loan with a taxi license by signing it, that is, putting it as collateral while continuing to work with it.

Taxi drivers are refinancing their licenses. On some occasions, taxi drivers pledge their license – they leave it under guarantee to pay debts, vehicle repairs, back taxes, or any reason you need to continue working, even start up another business. In these cases, the license is pledged using a loan or pledge without displacement, and they continue working with that license and returning the loan using the quotas they have chosen.

 

Loans for taxi drivers

During the entire duration of the loan, the taxi driver may not sell or transfer the taxi license until the loan returns. The new holder, when purchasing the permit, directly cancels the credit for taxi drivers. However, the taxi driver can work with that license since the great advantage of pledges over mortgage guarantees- leaving home as collateral. For example, in cases in which a good that generates recurring income is pledged (like a taxi license) in 99% of the cases, the client can dispose of the money generated since those revenues are not part of the payment guarantee.

 

What happens if the taxi license loan is not returned?

When the taxi driver has repaid the entire loan without incident, he recovers his pledged asset. That is, the license goes into his name and is 100 percent his. Again, it is essential to emphasize that while repaying the loan, all those incomes generated by the pledged good – that is, everything that the taxi driver enters working – is for him.

The pledge only includes the good itself and not the income or revenue generated by that good. However, suppose there comes a time when it is impossible to face the debt usually. In that case, the lender can execute the pledged asset, and that the license ends in an auction so that the lenders can recover the borrowed money in some way.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Turning the page in a broken relationship is not easy. Emotions can be in full bloom; stress causes us to make a rash decision or take our sleep off with all the discomforts that it entails, mainly if it implies a joint housing because one of the issues that will prevent you from eyeing is how to get out of a shared mortgage.

Managing the passing of a friend or family member is sufficiently troublesome, and attempting to get your head around the money-related side of things (like their home loan) can make things considerably more entangled.

If you have a mortgage with your partner or with a person you live with, but the situation changes, you will face a complicated situation emotionally and financially.

We understand the stage, and we want to help you with today’s entry. We share with you a series of ideas that can help you remove yourself from a shared mortgage.

On the contrary, if it states in the deed of your mortgage, the responsibilities of each mortgage debtor are universal and unlimited. It means that each one will respond to all debt with all their assets, present and future. Therefore, if your partner or co-owner of the mortgage stops paying their share of the fee for any reason, you will have a problem. Be clear that the bank will come to you to pay that part with your present and future assets. It can demand all the debt. Another thing is that, later, you can request from the other holder his part by judicial means.

Following the death of your accomplice, the home does not naturally fall upon you, paying little mind to any will set in place. To move the home loan and the property into a sole name, the survivor would need to apply for and have the option to manage the cost of the home loan in their name. On the off chance that you cannot get another home loan in your name, they may sell the property. Without disaster protection, meeting the regularly scheduled installments all alone can be troublesome. What’s more, you may need to confront the chance of selling your home.

Loan specialists are legitimately permitted to request the reimbursement of the entire home loan. It will hold the option to ‘power’ the offer of a property to recover any remarkable parity, even though, as a rule, moneylenders will be thoughtful and comprehend that the lawful procedure can set aside some effort to sort.

Shared mortgage when one does not pay

Getting out of a shared mortgage when one of the holders does not pay is one of the first solutions we seek. Only in the case (unusual) in which writing the loan in equity sharing will your part be untouchable. If the co-owner does not pay, you will “live” with the bank, which will keep the part of the property corresponding to the debtor who has not paid.

In any case, you have two options: agree with your partner or the other owner to sell the home to cancel the debt and find a new home or keep your share if you have the financial capacity to assume the total burden of the loan and your bank authorizes it. Both scenarios are complex, so consider your options well.

A shared mortgage in case of death

If one of your co-debtors dies, getting out of a shared mortgage is somewhat more complicated. It depends on the heir of the deceased person and the guarantor, and the executor in charge of fulfilling the deceased’s last will. If neither of these two figures is interested in housing and wants to get rid of it, you will have to negotiate to find a solution.

As in the previous situation, you can sell the house to cancel the debt or keep the other party that of the deceased. It all depends on your financial capacity, the interests of the other party, and the agreement you reach with them and with the bank.

If this post has helped you, you can always share it on social networks so that the information reaches more people.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Start-up capital is the amount that entrepreneurs and proprietors use to run their new business activities or the required money to cover the new start-up business expenses. The expenses include hiring new staff, purchasing of building/office, new inventory, equipment, office supplies, licenses, Material to manufacture the product, Market research, product-market testing, Advertisement, and other vital things for new business.

While at the start, entrepreneurs do not know from where and through which source capital to raise because one wrong decision will lead to the failure of a start-up that may not have compensation. As different start-ups need another type of capital funding that matches your well-developed business plan. Don’t add all eggs in one basket, which is a bad idea to start a new business.

Having enough money is the key to a successful new business start-up and keep it in mind; take the correct decision while choosing the source of capital. Once you make a decision, you cannot change the destiny of your start-up. 

So, here is the list of top sources to raise capital to Start a Successful start-up business.

• Self-funding your start-up: 

Putting your savings into your idea and trying to cover the early stages of the business is the most relevant and practical idea to start your business journey. It helps you figure out how much you invested and how much you still need to proceed further. This self-funding is also known as bootstrapping of the start-up by investing your own money or taking help from the family and friends as they are the sources who might have sufficient capital and wish to have equity in your start-up. 

Choosing this source is beneficial and easy to raise funds without any complex formal procedures. But Self-funding or bootstrapping is only possible and suitable if you need a small initial amount for your start-up. 

• Look for Angel Investors in the Early Stages of Your Business: 

Angel investors or seed investors are private individual investors with surplus net worth. Angel investors also work in a group of specialized networks of investors. They are mostly retired, keen and experienced executives in the business world. These investors directly invest in your business without involving any third party. They always look for potential opportunities to invest their capital. But it is not that easy as it seems. It is hard to find them as they have a low profile which means you cannot see them without any high-profiled connect help.

 Angel investors put money in the initial phases of your start-up; you need to show them a standard portfolio and well-constructed business plan that convinces them that everything you present stands in their favor.

• Find venture capitalists: 

Venture capitalists are a group of individual investors who work in a well-known and well-established organization. They provide a considerable amount of capital with a list of formal procedures and promises. Venture capitalists (VCs) usually invest in successful businesses or those that are in their growth stage. 

Keep in mind that VCs usually invest in start-ups with an innovative or new idea and the potential to sustain high growth. They invest in a vast amount and expect a high return on their investment. Have rights to involve and manage your business practices, power of decision making even rights of electing boards of directors. VCs are the best mentor to guide you about business techniques to make it successful.

Don’t find VCs suitable for your new business start-ups? Don’t worry next source might be ideal for your start-up.

• Take a loan from a microfinance bank: 

The standard and easy way to raise capital for new start-ups is to establish or offer loans with a low interest rate. Their policies to pay back the loan are flexible to other banks that provide the same loan with a high interest rate.

You must know which microfinance or small bank is providing loans, carefully look at their different schemes, loan procedures, compare interest rates with other financing institutes and select which is suitable and flexible for you.

You might need someone as a guarantor because small banks provide start-up loans after the backup plan procedure.

• Go for Crowdfunding: 

Crowdfunding is the most unique and new way to raise capital for an entrepreneur. It is an internet-based platform where several individuals show interest in your start-up ideas. It works like taking pre-orders, loans, and contributions before starting a business by providing a detailed description of your start-up idea. 

However, to get the attention of crowdfunding individuals, your pitch about your idea must be strong. It must mention your vision, mission, objectives, and goals of your new start-up business. They want to know why you need their money and if their money is used relatively. So, provide precise detail and develop their trust in you. If you make a tiny mistake, they will offer the opportunity to someone else.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

We frequently will, in general, consider planning a one-and-done sort of errand. You plunk down with your records and receipts. You make sense of the amount you have been spending. You plan for the amount you will spend later on.

Shockingly, because planning is basic doesn’t mean it’s simple. What’s more, on the off chance that you’ve never made a financial plan, you may feel overpowered by what precisely you should do and how you should do it.

If we want to capture our client in the best possible way, try to work well your presentation with different tips that we indicate:

Avoid presenting budgets in a simple sheet as an invoice

Unless you dedicate yourself to an essential sector that does not require any explanation, the idea is that you “cure” a bit of this proposal budget, explaining carefully what your daily work would consist of. To do this, we recommend creating a small sketch and working on it with enough time before the proposal is submitted.

What should this proposal include?

The first thing is to incorporate an original cover, colorful and according to our style. This first impression must be in line with the rest of the document, including our company’s logo, colors according to our corporate image, same typeface. An attractive, striking cover will be what will help our client or supplier is intrigued to continue reading our proposal.

Content of the sections

It is advisable to incorporate a presentation of your own or the company, indicating our most outstanding professional achievements, our contact information, the profiles of the rest of the departments that will work on the project, etc. Let’s say it’s the “Who we are” section but transferred to a printed or projected presentation.

Subsequently, you break down your functions in the Services section; Method of working with your methodology, the hours that the project will require, the cost of the time, the discounts applied to each action (if applicable), an explanation of each of the actions to be carried out, a timetable in general with the execution periods, as well as all the work that does not include the budget and that will be applied in an additional way. The portfolio has a special mention, a visual document that allows you to show your previous works.

As for the design

If you do not know ​​how to develop the budget, remember that there are online programs that allow you to configure a design with style and that even the templates provide you to dump the contents. However, Microsoft Office is a perfect ally with which to operate and even Adobe. The ultra-well-known Word, PowerPoint, and Indesign programs will allow you to “layout” this proposal, saving it later in PDF, respecting all the settings previously marked in fonts, images, colors, etc.

Do not saturate the document with a lot of text

The important thing is to transmit cleanliness without much text, to communicate it with security later. Remember that the presentation of your budget is just support for your exhibition. Use images with enough quality that they do not pixelate in case you project them in a projector. As we say, never abuse the text.

Visual proposal with a portfolio

A way to present this budget with style is bound or stapled in the form of a magazine. Also, you can break it down into different sections with a summary that will leave your client “speechless.”

The ideal approach to set yourself ready for planning achievement is to grasp the way that planning is the continuous procedure you will use to carry on with the money-related life you need. Rather than considering planning a one-time or periodic errand, it’s wiser to consider it a customary upkeep task, much like doing your clothing.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

If you are hoping to purchase a crossbreed vehicle, figuring it will assist you with setting aside cash, you better reconsider. For some individuals contemplating whether mixture vehicles are justified, the appropriate response is most likely not despite all the trouble. As a rule, half and half vehicles wind up, costing you more cash than purchasing a gas-controlled vehicle. So then, for what reason do endless individuals buy a half and half reasoning, it will set aside their money? It is because many people spotlight the expense of gas as an explanation behind purchasing a half-breed vehicle. Furthermore, this bodes well.

Every week you head over to the service station to top off your tank. Contingent upon the cost of gas, you are taking a gander at the expense of around $40 or more to top off each week. To calm this torment at the siphon, we center around answers to evade the service station. The arrangement that flies into your psyche is to purchase an eco-friendlier vehicle, to be specific, a crossbreed vehicle. Better eco-friendliness implies fewer excursions to the corner store, which implies you set aside cash. It is a successful win-win. If solitary, it was that straightforward. Gas is just a single aspect of the image regarding getting a good deal on your vehicle.

First, a half breed utilizes the brakes to recover the battery. It implies brake cushions on crossbreeds will generally last longer contrasted with gas, just vehicles. Once more, this is certifiably not an enormous reserve fund, yet it is significant. Another distinction is the expense of protection. Some insurance agencies offer limited rates to proprietors of mixture vehicles. It is because the average crossbreed proprietor isn’t known to be a forceful driver and speed.

The debate about the future of urban mobility is increasingly hot. Surely you have heard about the economic advantages of hybrid models, half conventional vehicle, half electric. But there is always doubt: is it profitable to buy a hybrid car?

An electric hybrid vehicle is an alternative propulsion car that combines an electric motor with a traditional combustion engine. In other words, it has two engines, a fuel tank, and a battery.

This combination is incredibly beneficial because it allows the car to have excellent efficiency. Hybrid models can recover energy during braking and thus power their battery. It makes them a perfect form of mobility for cities, where accelerating and braking are two very recurring actions.

It is one of the reasons why buying a hybrid car: energy saving. To start, you do not need to plug the battery into the network, as it recharges itself, although there are hybrid models with plug. It is an advantage over pure electric models, which you must plug into the network.

Keep in mind that there are not too many electric recharge options yet and that installing a point at home is not exactly cheap. In any case, the hybrid rechargeable battery of the hybrids has a disadvantage: a short autonomy that does not allow them to circulate too many kilometers with electric power.

With these characteristics, it is profitable to buy a hybrid car for energy use. The final fuel savings are evident, considering the current price of both gasoline and diesel. A hybrid can consume 46% less than a gasoline model, according to an Autobild report.

Is it profitable to buy a hybrid car from a maintenance point of view?

It seems that, yes, it is more profitable than a traditional model. According to ABC news, the annual maintenance cost of a hybrid car can be half that of a model with a conventional engine, whether diesel or gasoline.

These two advantages, fuel economy and lower maintenance costs, compensate for the current major disadvantage of hybrid cars. Currently, the purchase price of a hybrid is higher than that of a conventional model. However, prices are approaching faster and faster.

Consequently, if you are thinking of getting a new vehicle to move around the city, you know that it is profitable to buy a hybrid car. There may not be many models yet, but they are becoming an alternative for the future if you want to consume and pollute less.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

What is human resource?

HR or human resources are responsible for screening, recruiting, interviewing, and placing workers. They can also deal with employee relations, benefits, training, and payroll. The HR managers plan, coordinate and direct the administrative functions of any organization. Human resources are significant for the employees and help them with the problems that they face at work.

Cloud is a new concept since organizations have been using this adept feature for almost a decade now. The success of this innovative solution can be showcased by the fact that every industry somehow utilizes this feature.

However, one of the latest entries to the cloud family is the HR department. From boosting the overall performances to helping HR representatives attract the best possible talent around. Nonetheless, to make maximum use of innovation in a new manner requires an understanding of the potential benefits it can bring. Thus, today, we will highlight the role played by cloud platforms in the Human Resource sectors within the corporate world today.

Modernized Recruiting

For an organization working in this tech-savvy era, cloud computing has been a significant help in boosting their business transactions. From providing a cost-effective solution to minimizing data security concerns, the Cloud is an organization’s knight in shiny armor!

Looking within the perspective of HR, cloud computing has opened doors to a pandora’s box of treasure. For instance, if your company is looking to hire a CIO, you would generally need to connect with senior-level executives for the screening process. With the Cloud, you can share the candidate’s information to the Cloud, where it is easily accessible. In other words, cloud computing can help you make sound recruiting decisions.

Innovation at its Peak

Looking back to when the cloud-first came into the picture, the technologists were overwhelmed by how more natural things could become. And that is precisely what happened! Easiness, coupled with innovation, cloud computing is the foothold towards supremacy for businesses today.

However, if you want your organization to succeed, then you cannot forget your workers. With the Cloud, you can enhance employee engagement practices substantially. If your workforce is on the same page, then naturally, you can see your organization flourish rapidly.

Automating Procedures for Efficient Results

HR practices today are quite data-centric, which makes them prone to errors. With cloud platforms, along with automation, you can perform those procedures proficiently. For instance, you do not have to track down performance reviews, vacation requests, timesheet submission, and so on manually.

All the employees must do is update their employee data forms and let the Cloud do its job. More importantly, the Cloud will not need manual updates since it will have access to everything. So, if you think that moving to the Cloud is a huge hassle, then do not forget the benefits it provides in the long run.

5 Uses of cloud computing

Here are some uses of cloud computing.

 SaaS (Software as a Service) and cloud-based computing are slowly starting to change the way HR technology works and upgrades HR performance and show a positive result in the organization.

 Recruiting technology

 Success Factors, an SAP company, obey as recruiting mechanics, which also aids in recruiting ideal candidates. An appointing management module and an appointing marketing module create regulation in enticing top talent.

 Onboarding technology

 The first day of an employee is a sort of tenancy at your company are crucial, and the Cloud can assist you in setting a new hire up for triumph. Experts state the Success Factor tool also makes a smooth onboarding operation. “Before, we were doddering papers around — now all of the training documentations are centralized.”

Conclusion 

In short, cloud computing is not going anywhere; so, if you want your enterprise to reach the clouds (in general), then be adaptive! Many organizations are now opting for cloud platforms to perform their HR procedures, so you will be left behind if you are not one of them.

 

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

If you have thought that because you used to be a salaried employee in the last five years, you should not have submitted an annual statement, you may be in error. The tax authority may require you to catch up.

The Tax Administration Service (SAT) establishes assumptions that you should have complied with this obligation despite being salaried. So, do not forget, since you are a taxpayer, the authority can send you information requirements for up to the last five fiscal years.

The IRS acknowledges saving some money to live on and to run an enterprise. Some of the small businesses’ tax-saving strategies, like timing expenses and income, must be accomplished before t, but some, like funding retirement, can be done at any time before you file the tax return.

Here are some strategies that you may use to manage your tax.

• Funda retirement plan
• Take tax credits to lower business income
• Purchase vehicles and equipment for depreciation deductions
• Time your expenses and business income
• Write off any bad debts to reduce income

List of documents you must make taxes

The list of documents you need to file taxes varies by person. You can see a complete list on the US Department of Taxation website, better known as the IRS.

These are some of the most common forms you will need to submit to file your tax return:

• W-2
• 1099-MISC
• 1098
• 1095-B
• FORM W-2

Employers have a deadline of January 31st to send W-2 forms to all their employees. Form W-2 is a statement of the salary you received throughout the year. If you worked in several companies, you should receive one of each.

FORM 1099-MISC

If you did work by the contract, you would need the 1099-MISC form to be able to make your tax return.

FORM 1098

Form 1098 is a statement of the interest you paid during the year on your mortgage. Banks send these forms to people who own a home and who are still paying for it.

Form 1095-B

Form 1095-B is sent by the insurance company to verify that you purchased health insurance coverage and how much you paid for the premium.

Other requirements and documents you will need 

In addition to the above forms, taxpayers will need information such as their social security number or ITIN, their spouses if they are married, and their children’s social security or ITIN numbers. If you are married and are going to file a tax return with your wife, you will need to have your W-2 forms.

To receive their refund as soon as possible, many people go-ahead to do the taxes. Many times, they do not have enough documentation and make incomplete statements. It is better to wait, gather all the documents, and look for a tax preparer certified by the IRS to help you with the process.

Remember that these are just some of the documents and requirements necessary to do the taxes. Each case is different. For example, people who made donations to charitable or tax-exempt organizations such as churches will also need your voucher or receipt to claim that amount in taxes.

Among them, if you have an earned income higher than $20,000.00 in the year if you changed the government or stopped offering services before December 31st of the corresponding fiscal year. If you received income from two or more employers at the same time in the year and if you received other cumulative payments for the lease, fees, or business activities, in addition to your salary.

What may happen here is that you are charged with fines and surcharges. When the authority makes invitations, it is best to get up to date as soon as possible to avoid such situations. Typically, in the information requests of the SAT, you are asked for evidence of income and suppression as a salaried employee. If you are a natural person with the business activity, you must present deductions, such as electricity, water, or telephone.

Some people receive more than $20,000.00 a year and do not make their statements. If the SAT notices that you did not do them in the last five years, they will likely review and request information from the previous ten years.

The requisitions of information and precisions of the last five years can be derived from the wrong delivery of an annual declaration and tax refund request.

What should you do?

Register in the RFC with the SAT. When you are a salaried employee, your company registers you, but you must do it if you are a freelance. If you will make an annual statement, take out the FAITHFUL.

Whether you are a salaried or a freelancer, you can take from taxes the expenses you make on medical insurance, doctors, tuition, dentists, etc. Up to 15% of your income or five minimum wages per year.

If you are a freelance, get your CSD and sign up with an Authorized Certification Provider (PAC) so that you can issue fee receipts or electronic invoices for yourself. To deduct, you must have the electronic invoices that prove the payment of the services with a card or transfer, and you must make your annual declaration.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

You may not know it, but in Texas, companies are not required to have insurance that protects their employees if they are injured at work. Some companies usually have insurance that covers any personal injury or property damage that may occur while they are operating their businesses. Unfortunately, this type of insurance, known as the General Commercial Liability Policy, excludes and does not cover personal injuries for workers (employees and equal contractors). This confuses whether the injured worker will receive benefits.

If you are injured at work, these are the possible scenarios in which you may find yourself:

• Your employer does NOT have insurance: Generally, this means that, if you are injured due to your employer’s negligence, you could only sue the owner or the company directly, and depending on how the company was bodily established with the state, you can recover the profits and property of the owner or the company. 
• Your employer has a General Commercial Liability policy: This type of policy does not provide coverage for injuries to employees or contractors. This will be the same as not having insurance.
• Your employer is a Texas Workers ‘Compensation subscriber and has insurance to cover damages to employees (TEXAS WORKERS’ COMPENSATION). This means that you will receive benefits. But the compensation rules under the state program are extremely specific, and you may need help to make sure you are accepting the proper treatment and benefits before you return to work.
• Your employer is NOT a SUBSCRIBER of Workers Compensation of Texas. (NON-SUBSCRIBER) The company has its insurance plan (not the Texas workers’ compensation program) that provides benefits and covers injuries to employees while they work. These are employers who are not subscribed to the workers’ compensation program. Several companies have insurance plans that cover injuries to employees. Some examples are: 

o Stripes

o Walmart

o Home Depot

o Target

o HEB

o The Michoacán

o Kroger

o Academy

The process of identifying if you have benefits can be complex, and many times, employers are not willing to cooperate and help discover your benefits. Therefore, if you are injured at work, you must take the appropriate steps to ensure that you have not affected your ability to claim your benefits.

The Income Security for Retired Employees Act (ERISA) is a federal law that regulates and establishes oversight for private health insurance coverage by establishing minimum standards and standards that are made to protect plan participants.

In general, under ERISA, employers can create a benefit plan for the employee that gives coverage for the injuries the employee suffers at work. These coverage plans are not created or are subject to the Texas Workers’ Compensation laws. Therefore, Texas employers who provide coverage under these ERISA plans are generally referred to as Non-Texas Workers’ Compensation subscribers (Texas Non-Subscribers).

Within ERISA plan documents, Texas Non-Subscribers typically give a notice about the difference between the coverage under the non-subscriber’s insurance plan and the Texas Worker’s compensation. The following are some of the disclosures that are made frequently:

• The company will disclose that they do not have worker’s compensation insurance coverage.
• The employee is not entitled to or is not eligible to receive workers ‘compensation benefits under the Texas Workers’ Compensation Act.
• The company can have benefits for the employee.
• The employee must contact the company representatives to determine the availability of benefits for work-related injuries or occupational disease.
• The employee may have rights following customary law of Texas if the employee has suffered an occupational injury or illness (Lawsuit by Negligence).
• The company is required to provide the employee when hiring written information about the coverage, or any time the company changes coverage under the Texas Worker’s Compensation act to the non-subscriber policy.
• Any conflict related to a work injury is subject to arbitration.
• Any conflict between the summary description of the plan (SPD) and the Plan Document will be resolved in favor of what is found in the Plan Document.

Therefore, if you are injured at work or suffer from an occupational disease, you must notify your employer immediately. Many ERISA plans require the injured employee to notify their employer within 24 hours of the incident or before the end of the workday. Suppose the employee fails to notify the employer and does not REPORT in writing about the injury. In that case, the employee’s benefits could be potentially denied by the ERISA plan administrator, another company responsible for managing the benefits under the ERISA plan.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

One of the advantages of digital communication is its ease of being shared. The vitality of certain content leads them to go far beyond the sphere of the target audience. Video is a powerful lever to see its shared content. Again, the multiplication of delivery vectors and connected objects makes it possible to adapt videos to different formats. From clips of a few seconds to the sharing of actual short films, the video medium is the one that is most easily shared. Keeping in mind that the content must meet the expectations of browsers, it can be fascinating and very profitable to use this medium.

Be aware that users watch several hours of online video per week. Whether it is content from YouTube social networks or a brand’s site, it will be more easily consulted and shared by Internet users and mobile users.

In the coming years, it is a safe bet that virtual reality will shake up the rules of the game. The immersion it allows will offer an experience specific to each user. Sensory marketing is underway. Also, the advent of artificial intelligence will have a significant impact on communication. The AI ​​will generate messages in real-time on the most suitable channels. You can redefine the client journey and acquisition by understanding how people are interacting and adapting your message. The new paradigms will emerge as to how to channel and attract users.

Voice search and audio content

Although it is in its infancy, voice search is part of this evolution of communication. Backed by Google Home, for example, it is based on new search criteria. The example of cooking recipes is telling. Until then, when looking for a recipe online, all you had to do was type in the request and look at which site offered the most suitable solution. Today, a voice assistant delivers the recipe directly to you. It will be up to him to put forward this or that way of doing things.

This parameter will, therefore, be sure to benefit from the favors of these assistants. It will, therefore, be necessary to take this into account when setting up your digital strategy.

Adaptation of companies

These changes and their new modes of communication are bringing about changes within companies. The skills necessary to exploit all these communication levers will have to be integrated into the workforce. Human resources will, therefore, must evolve. The appearance of the community manager position is becoming commonplace. An employee, qualified and aware of the constraints and issues, dedicates himself to the existence of a company or a brand on social networks.

Similarly, digital marketing using many techniques such as growth hacking, for example, will require trained personnel able to ensure the implementation and operation.

For example, the person responsible for referencing discounts has now become its director. It shows the importance of the digital and marketing strategy of a company or a brand. It becomes essential to master all aspects and take advantage of them.

The need to reinvent itself pushes today’s companies and brands to evolve constantly. Only by listening to the market and its customers will a company be able to continue to exist efficiently and profitably. The challenge is enormous and requires mobilizing resources and know-how that companies do not necessarily have. If, until then, we had more recourse to freelancers or agencies to take care of these questions, new sectors would thus appear within the commercial structures.

Views and conversions

In the past, uploading a picture of a product or service was sufficient on digital platforms. It is human psychology that can catch and understand things in multiple ways. Media-driven cultures are leveraging the video uploads by the website owners. Such videos aim to engage people more with a clear understanding of products or services. Multiple authentic types of research have proven video marketing a highly effective marketing technique.

There is also the fact that people need to read paragraphs to get any information that takes time. A full-fledged and well-explained video gives you all the necessary information in minimum time. This authentic research reveals that 75% of business professionals watch business promotional videos.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

It is not easy to accomplish anything without a strategy. Whether you are a coach in football, making a Thanksgiving meal, or running a business, all that takes is a strategic plan.

Strategic planning is the most common management activity among these successful organizations in businesses. An owner or manager only needs potential strategic planning to set a company’s priorities or strengthen their growth and enlighten their business towards success. It is all about planning to achieve goals for the company and determining the tactics that will help them attain their goals. If you want to meet a new height for your business, all you need is to examine your strategy and your enthusiasm for moving forward.

 Here you have some tips through them, you can do better planning.

Make a Meeting with Managers and Top Leaders

Before starting any strategic plan discussion:

1. Get feedback on the overall strategy from those who must implement that plan on the ground.
2. Talk to management and team leaders and get their perspectives or opinions on the organization’s problems.
3. Discuss with them how we can go towards development and growth to assess the worth of that planning or any unforeseen hurdle when you try to implement that strategy.

Unity makes things easier to make and enforce. Engaging all top management in strategic planning gives them a sense of ownership that will help in implementation. Strategic planning needs human capital and time. Talk to your team leader to see that employees can adjust to new schedules to meet their goals.

Scan the Strengths and Opportunities

Analyze your opportunities and strengths. To strengthen your business, you need an efficient and highly successful team. For instance, an excellent advertising and marketing department or strong sales team and opportunities play to your strengths must ensure that your team determines all external factors, such as social trends and the psyche of consumers buying. For example, an option may include enhancing your business in another country. It would be best if you used your strengths to benefit from opportunities available to you.

Focus on Your Risk and Weaknesses

Weaknesses are internal issues that make your company inefficient and waste money and time. Risks are external factors that can hinder your company, such as competitors and the economic downturn. Create a department in your company that can identify the weaknesses of the company. Weakness includes a lack of expertise, and poor leadership. Or poor brand reputation with customers. Internal issues could be solved with a re-allocation or additional pieces of training. External factors can be combated by focusing on your company’s strengths.

Make Goals for Your Company

Set goals for your company, then make efforts to achieve them. Strategies are consistently devised according to the goals you want to achieve for your business. While making any decisions, keep your goals in your mind. Once you have a vision in mind, you can easily make strategies to accomplish them. Plans may include enhancing employee productivity, increasing revenue, and more. Make sure that your goals are attainable and realistic. Set a timeline for achieving your goals.

Create Short-Term Tactics

Tactics can be easily measurable for steps that you are taking to make your strategy successful. Think about what can help to achieve your goals. Strategies include a reduction in manufacturing cost, increasing profits, improving customer services, and many more. The tactic may consist of changing employee schedules and upgrading the packaging of goods and products.

By following these steps, you can create excellent planning for the growth of your business. The strategic plan may consume your time for now, but it will provide you benefits for the long term.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.