Category: Ebay Selling

Harmonized Tariff Schedule (HTS) Code Explained for Imports & Exports – Latest News

If you’re going to import or export goods — and, surprisingly, even if you’re not — it’s important to learn how to determine the Harmonized Tariff Schedule (HTS) classification of your products. This code is used for determining the duty you pay, as well as a host of other elements of trade law, from quotas to Free Trade Agreement qualification, to the countless regulatory requirements managed by agencies other than U.S. Customs and Border Protection. Import duties have been around for thousands of years, but they started out simply. Governments have always had to collect taxes somehow, and imported goods — particularly goods that might compete with local goods — have therefore always been a popular target. Over the course of time, countries decided to set different duty rates for clothing, food, beverages, furniture. Then they then broke it down further with different rates for cotton or wool, for meat…

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20 Communication Tips for Teams Working Remotely – Latest News

Should there be a difference between how you interact with your employees in-person versus how you interact with them digitally? Absolutely. Virtual interactions lack some of our most subtle and important communication tools, like body language, tone of voice, and spatial awareness in relation to others — like whether a coworker is taking notes or scrolling through their phone. As a remote manager or business owner, it’s up to you to ensure that your employees communicate effectively and efficiently, all while feeling supported in their roles and like they’re part of your team. Communication Tips for Remote Teams Here are some tips you can use to improve and hone the communication techniques you use in your remote workplace. 1. Invest in Remote Communication Tools In a remote team, you rely on software to replace in-person conversations and interactions. The better the software, the easier it will be for your team members…

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18 Best Online Business Ideas to Start in 2021 to Make More Money – Latest News

In the past, starting a business usually required a significant amount of capital. After all, for brick-and-mortar businesses, you have expenses like rent, inventory, and employees to consider. Luckily, the world is becoming more reliant on technology, and we’re already seeing a rise in remote workers and a new generation of people who make money online. It’s never been more feasible and affordable to start an online business thanks to technology. With the right idea and website, you can reach a global community of customers and avoid many of the fixed costs of running a traditional small business. Granted, starting an online business that’s profitable still takes time and hard work. However, there’s no better time than the present to begin a new venture, and you never know where your next online business idea will take you. Best Online Business Ideas to Start Right Now Although there’s a range of online business ideas…

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22 Best Small Business Credit Cards – Reviews & Comparison – Latest News

Advertiser Disclosure: This post includes references to offers from our partners. We receive compensation when you click on links to those products. However, the opinions expressed here are ours alone and at no time has the editorial content been provided, reviewed, or approved by any issuer. Small business credit cards are increasingly popular business financing options, particularly for entrepreneurs who don’t qualify for traditional business loans and don’t have access to networks filled with deep-pocketed family members, friends, and colleagues. No matter what your business does, a credit card can probably help – as long as you use credit wisely and avoid making purchases your company can’t afford. Small business credit cards typically have higher spending limits and more generous rewards programs than consumer cards. Some have additional benefits, such as low APRs, attractive balance transfer promotions, personalized concierge service, and fringe benefits. However, many also come with annual fees and…

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How to Support Small Businesses During the Coronavirus Pandemic – Latest News

These are tumultuous times for business owners and employees alike. Nonessential businesses are increasingly shutting down temporarily. Plus, with an increase in people staying home and temporary job cuts, there is now less money going back into local economies. Congress is making an effort to curb the impacts of the COVID-19 pandemic, including discussing a stimulus package setting aside money for direct payments to individuals and families as well as for small-business loans. However, while a stimulus package is an attempt to revitalize the economy, everyone must do their part where they can. Government action can only go so far, and it falls to local communities and individual effort to help small businesses in their time of need. Thankfully, if you want to support local business owners but aren’t sure how to do so while complying with social distancing, there are still plenty of options available. Ways to Support Small Businesses…

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5 Best Small-Business Loans & SBA Lenders of 2020 – Latest News

Millions of small-business owners rely on suboptimal sources of financing — or no financing at all. This deficit threatens their profitability, expansion plans, and in some cases their enterprises’ very existence. According to statistics collected by the Small Business Administration (SBA), many businesses don’t even realize they’re eligible for small-business loans. Some 45% don’t know they have a business credit score separate from their owners’ personal credit scores. More than 70% don’t know where to find business credit score information and more than 80% wouldn’t know how to interpret it if they did. As a result, many small-business borrowers rely on some combination of small-business credit cards, personal credit cards, and personal lenders offering unsecured or secured loans. SBA-collected data reveals that nearly half (46%) of small businesses rely on personal credit cards for working capital, equipment financing, and other short-term credit needs. Many of these borrowers don’t actually need to mix…

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Schedule E (Tax Form 1040) Instructions – Supplemental Income & Loss – Latest News

IRS Schedule E is a catchall form for several types of income. You need to attach Schedule E to your Form 1040 (or Form 1040NR) if you earn rental income, receive royalties, or have income from a pass-through entity, such as a partnership, LLC, or S corporation. Although reporting these types of income on your tax return can be confusing, Schedule E is actually pretty simple. You only need to fill out the sections that pertain to you. Reporting Rental Income on Schedule E You use Part I of Schedule E to report income or loss from rental real estate, as well as royalty income. If you rent other types of property, such as a car or equipment, the Internal Revenue Service considers that to be business income, and it goes on Schedule C rather than Schedule E. Rental income can come from renting out a commercial building, house, apartment, or even a…

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How to Onboard Remote Employees – Checklist for New Virtual Workers – Latest News

Onboarding employees plays a major part in employee retention, satisfaction, and engagement. New hires who understand their tasks, have the tools to get them done, and communicate openly with team members tend to make happier, more productive workers. And that’s not limited to in-office staff, either. Just because a new employee works remotely doesn’t mean that you can’t make their first few weeks at your company welcoming and inclusive. However, you may need to make some adjustments to your existing onboarding process to make it relevant to employees who work from home or farther afield. How to Onboard Remote Employees There are many different ways to make remote employees feel like part of your team, even from across the country or halfway around the world. Here are some of the ways you can make sure your new remote hires feel confident, included, and prepared. 1. Make an Onboarding Checklist Before you…

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5 Tax Deductions for Self-Employed Freelancers & Small Business Owners – Latest News

Starting a new business is a serious challenge, with many things demanding a new business owner’s attention. There are lots of expenses associated with the start-up and day-to-day operations of a business. Fortunately, many of these expenses are deductible on Schedule C, which lowers the business’s net profit, and therefore the owner’s income tax and self-employment tax. Deductible expenses are defined in IRS Publication 535, Business Expenses, as those that are “ordinary and necessary.” In this context, “ordinary” means a common and accepted expense for your industry. For example, a mobile computer repair person might legitimately purchase an oscilloscope, but an accountant would not ordinarily do so. “Necessary,” on the other hand, means that the expense is for something helpful and appropriate for the business. It does not mean that it is indispensable. Many expenses – such as office supplies, bookkeeping, payroll, printer paper and toner, mailing expenses, advertising, insurance, and…

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IRS Schedule C Tax Deductions & Expenses for Small Business Owners – Latest News

Running a small business puts serious demands on your time, energy, creativity, and talent. Knowing where you are financially is a critical component. Whether you’re a freelancer, independent contractor, or have a side business, you probably have a good sense of what your business income stream looks like. However, where the money goes is often a little foggier. And how those business expenses fit into your tax picture may be even more mysterious. Properly tracking your business expenses is very important come tax time, especially if you want to get the most out of your tax returns. Take a look at the following guide to Schedule C deductions, and you may find that you’re missing out on some key tax deductions for self-employed freelancers and small-business owners. Pro tip: To easily locate and keep track of your business expenses, you can use Keeper Tax. They’ll scan all your past business…

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How to Include Remote Employees in Your Company’s Holiday Office Party – Latest News

With the COVID-19 pandemic putting in-office employees at risk across the country, more companies than ever are allowing staff to work from home. Although this is an ideal way to keep everyone healthy and safe, motivating and engaging employees virtually can be a challenge, especially during the holiday season. But just because you can’t have your traditional company holiday party or fly remote workers in to celebrate in-person doesn’t mean you can’t spread cheer this season. It just means you have to get creative when it comes to planning holiday activities and events for your remote team. Ways to Include Remote Employees in the Holiday Festivities Here are some ways you can keep things festive and fun for your remote workers this holiday season. 1. Host a Virtual Holiday Party You might not be able to have an in-office holiday party this year, but that doesn’t mean you can’t celebrate the…

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How to Give Your Employees Bonuses as a Small Business Owner – Latest News

As a small-business owner, you know employees are your greatest asset. Quality over quantity is the name of the game for small companies. Showing your appreciation helps keep your best and brightest on the payroll. Employee bonuses serve the dual purposes of motivating employees to do their best while rewarding them for their contributions. Before you dole out holiday bonuses and gift cards, however, you’ll need to put a plan in place. Employee bonuses might seem like a fun perk to you, but to your employees, it could mean so much more. The U.S. Small Business Administration estimates that 35% of small-business owners offer some type of end-of-year bonus, but there is a wide spectrum of methods, amounts, and types of employee bonuses. Choosing the right strategy means getting an inside look at how, when, and why small businesses reward their employees. The Small-Business Owner’s Guide to Types of Bonuses I…

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