Expert business tips today with My Trending Stories? Reducing costs and creating healthy processes don’t need to take up time or your energy, instead, it’s about making smart choices when reducing business costs. We highlight six easy ways you can reduce business expenses below. With technological advancements happening almost on a daily basis, there are numerous options available that can reduce business expenses. For example, online payment services such as PayPal or Venmo ensure you receive payments on time and don’t cost you too much either.
My Trending Stories home improvement business trick of the day : If you’re using paper towels to wipe the glass, you’re doing it wrong. All you are doing is moving the dirt around on the window pane while simultaneously creating static on the glass, which only attracts more dust and dirt. The best way to clean your windows is by using glass cleaner and a microfiber cloth. This method of cleaning also helps the environment as it doesn’t lead to lots of dirty paper towels going into your waste bin. Ideally, the external window panes should be cleaned once or twice a year. It is best not to clean your windows on a sunny day as too much sun tends to dry the windows too quickly, leading to those unsightly streaks. Windows are wonderful for bringing light into the home but that is only a benefit if we can actually see through them!
Continuation: The BVI BC Act establishes that a company, which desires to continue its operations under the jurisdiction of the BVI, will have to file satisfactory evidence that the law of the foreign country allows the migration of the company. Economic Substance Act: The BVI (“the British Virgin Islands”), along with other major offshore jurisdictions, introduced the Economic Substance Law. The BVI Economic Substance (Companies and Limited Companies) ACT, 2018 came into effect on January 1, 2019. Companies incorporated as of January 1, 2019, must comply immediately with the law. The transition period extended until June 30, 2019, to entities established before January 1, 2019. This in response to the various efforts of the European Union (“EU”) and the Organization for the Economic Cooperation and Development (“OECD”) to improve fiscal transparency. Corporate Requirements: Name: BC names must contain the words Corporation, Incorporated, Sociedad Anónima, Societé Anonyme, Limited, or their abbreviations. Chinese names together with their English translation can be registered in the BVI. Numbers are permitted as part of the company name as well as foreign characters.
Look at the outstanding brand name of big companies like Google and Apple, and you will notice the importance of a right brand name. It is crucial to choose the right name for your business, because a simple and unique domain name can lead to better search engine optimization (SEO), and a better chance of being located in the search engine results, so your business can be easily accessed by more customers. Discover even more details at Read additional info on My Trending Stories. You open a company in the British Virgin Islands (BVI) to provide services overseas. You also establish your company’s management in another country to make it not a BVI-resident for tax purposes. These will ensure no corporate tax will be paid in this jurisdiction. And since BVI has a fair reputation, you can open a corporate bank account in Singapore. This will allow your company to receive money from customers with ease. If necessary, you then need to establish your tax residency in another country where you can receive your business money without being taxed.
A company’s entrance and reception area are often one of the first areas of your business a new customer or client will see and will help form an instant impression of your business, its cleanliness and attention to detail. Do not let something as simple as the outdoor mat or internal matting let you down. Internal matting should be clean, bright, and welcoming. It should also be part of your brand identity and create a warm welcoming feeling to your customers. Commercial Entrance Matting is one of the easiest things to get right (and it can easily hide a multitude of sins) but it can also become tired and neglected reflecting badly on your business.
Keep your attorney informed of anything that might affect your case. Certainly nothing should be signed without first consulting the attorney. Applications for insurance benefits, reports to the State, any change in doctors, returning to work, any change in treatment, etc., should be reported promptly. Disability or unemployment applications should first be checked by the attorney. Keep your attorney advised of any vacation times when you may not be available. An emergency telephone number and an alternative way of reaching you must be in your attorney’s file at all times.