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Posted by on Aug 15, 2017 in Finance, Legal | 0 comments

What Exactly is a Tax ID Number Used For?

What Exactly is a Tax ID Number Used For?

Though Social Security Numbers are the most common kind of tax ID number, the next most common is the Employer Identification Number. The EIN number is needed to start a business. These numbers, issued by the IRS, allow the IRS to monitor all tax activities of the company. Other types of tax ID numbers are paid tax preparer identification numbers (PTINs) and adoption taxpayer identification numbers (ATINs), both of which are needed by relatively few people but serve a similar purpose for those individuals. Whatever type of business you operate, you will need a taxpayer ID for each legally separate enterprise, in order to be accountable to the IRS. Why is tax ID important? The simple answer is this: It’s a must have, or else. While EINs are required to meet your company’s tax responsibilities, they are also needed to complete other actions related to your business, such as applying for credit in the company name or opening accounts. State laws may obligate a business to acquire and provide...

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Posted by on Jul 25, 2017 in Featured, Tips | 0 comments

Getting a Business Up And Running in New Hampshire

Getting a Business Up And Running in New Hampshire

Thinking about starting your own business but don’t know which state to select to get started? Well, you might want to consider one of the smaller states in the whole country, that being New Hampshire. New Hampshire may not have been the first place that came to mind when you first started formulating this idea for a new business, but there are many great reasons to select it. For one, the state is very pro-business. In fact, New Hampshire is known for its libertarian “live and let live” tendencies. This means that as long as you are not bothering someone else, they are not going to bother you. Regulation is practically a swear word in the state. The size of the state might seem like a burden at first, but that is not really the case. The small size means that there is a feeling that everyone knows everyone. Although you might be a stranger when you first set up shop, you can quickly learn the names and personalities...

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Posted by on Jul 24, 2017 in Featured, Trends | 0 comments

There is No Crisis in American Industry

There is No Crisis in American Industry

The crisis of American industry has become a truism across the whole political spectrum. Pundits and politicians offer various solutions to this crisis, all of them tacitly making the same assumptions about what it is. In fact, however, the entire notion of a crisis in US industry has little to do with reality, and everything to do with our preconceptions. Manufacturing in the US is at an all-time high. According to the Federal Reserve data, we have now recovered to pre-recession levels of industrial production, which were the highest in our nation’s history. Why, then, is there bipartisan anxiety about our nation’s industrial decline? Part of the answer has to do with the way we think about industry. The iconic version of manufacturing in the US is probably the 1950s—a postwar boom characterized by conspicuous heavy manufacturing. We built dams and skyscrapers and highways, out of a continent’s worth of gravel and iron ore and asphalt. It wasn’t just industry; it was the stuff people imagine when you say...

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Posted by on Jul 24, 2017 in Featured, Management | 0 comments

Top Locations for New Businesses

Top Locations for New Businesses

A report from Thumbtack’s Small Business Friendliness Survey reveals the best places to start businesses in the United States. The website provides services to connect customers to local professionals. Thumbtack’s business owners range from a variety of industries, such as home improvement, weddings and events, and wellness. The results of the survey were based on responses from entrepreneurs, small local businesses and sole proprietors who use the site’s online marketing platform. This study has surveyed thousands of users since 2012 to assess concerns regarding policies as well as state and local governments. Thumbtack looked at a variety of factors to measure the ease for individuals to start new businesses in different states and cities. According to the survey, high-ranked cities are ideally low-cost and require fewer steps for startups to launch. A city’s resources and attitudes toward entrepreneurship and regulations also affected user ratings. Jon Lieber, Thumbtack’s chief economist, notes that southern states typically have a high-performance on the site’s annual survey. This could be due to their governments’...

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Posted by on Jul 24, 2017 in Featured, Management | 0 comments

Are Your Office Cleaning Products Making Your Business Unsafe?

Are Your Office Cleaning Products Making Your Business Unsafe?

It may sound crazy, but if you take a look under your sink, chances are you’ll find that the number to the poison control center is on every bottle. Many even seemingly harmless products advise that they only be used in well-ventilated rooms or while using masks and gloves. Sure, they may keep our homes and offices sparkling clean and may disinfect unwanted spills and stains, but to say that they’re safe for you or everyone in the premise is stretching the truth just a bit. Repercussions on Personal Health Most devastatingly, the toxicity of these products have a huge health repercussion for anyone who uses them or is around them. They lower indoor air quality while upping the indoor air pollution of your office space, if ingested, they’re poisonous, and can be very harmful when inhaled or even just touched! In just one year alone, cleaning products made up almost 10% of all toxic exposures that were reported to the Poison Control Center. Though not all cleaning products...

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