Tag: business

The Facts About The Marketplace Fairness Act Online Sales Tax Debate

Because every American state regulates its own procedural methods for collecting taxes, the implementation of new federal standards can be potentially chaotic and confusing. Due to the passage of the Marketplace Fairness Act within the United States Senate, there will inevitably be an overhaul of the national methods for collecting taxes on all online business activities. As the House of Representatives mulls finalizing this legislation, it is crucial to understand the specific language of the bill to determine any personal impacts beforehand. The most important skill to possess is an ability to discern between hyperbolic rhetoric and factual information; as such, a comprehensive overview of this oncoming law is provided below.

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The Purpose Of New Regulations:

The Marketplace Fairness Act seeks to consolidate the entire country into a singular method of taxation in an attempt to recoup the annual loss of government income. While the statistics vary drastically between states, it is estimated that millions of dollars are being withheld from regional governments. This shortfall is the result of current loopholes that allow a majority of remote retailers to dodge standard tax rates.

Unfortunately, small businesses that rely on the internet simply do not have the resources to collect taxes from every customer. This is because every regional location is subject to the tax codes of their local government. Therefore, if the new legislation is passed in its current form, states that participate will be required to massively simplify the process of tax management for their local small businesses.

How Location Will Matter:

Currently, online retailers are typically only required to collect sales tax from residents who live within the legal proximity of their business operations. States that choose to adopt these new regulations in the future will be able to enforce sales tax income by setting up free services to conduct the convoluted calculations. Even though the legislation is aimed at universalizing the taxation system, it will not succeed in implementing unanimity among the states; however, instead of having fifty different sanctioned methods for collecting online sales tax, there will theoretically be a mere three.

There may be states that prefer to avoid the adoption of federal tax regulations, and these unions can choose to opt out of the changes. Their freedom from widespread taxation will still be widely limited by the parameters instigated by a new national taxation framework. The second option that states can consider is to operate within the context of the Streamlined Sales and Use Tax Agreement without pursuing further modifications. This would allow them to recover some financial losses without having to commit to creating a new collection system. The final option is to accept the clauses contained within the Marketplace Fairness Act. This would generate the most governmental income, but it also shifts the onus of responsibility and liability onto individual states instead of business owners.

Divisions Among The Debaters:

Advocates of the legislation include the National Conference of State Legislatures and National Governors Association. These organizations wish to revitalize dwindling local economies by relying on increased internet taxes; contrarily, executives from major online retailers disagree with the entire concept. They claim it is excessively detrimental to the ability of individual sellers to compete with corporations. Either way, the Marketplace Fairness Act is here to stay, whether it amounts to economic lubricant or interference.

Source:
http://marketingland.com/online-sales-tax-whyecommerce-companies-are-on-both-sides-of-the-debate-43395

Four Business Ideas for Pilots Who Are Aspiring Entrepreneurs

Pilots love to be up in the air flying, but there comes a time when most airline pilots start to consider making a career move that that will get them away from the hectic life that an airline pilot leads. Pilots learn a lot of useful attributes from their flying experience, including things like courage, levelheadedness  patience and persistence. These are all useful attributes that will allow them to successfully transition into a different career. One of the best ways for pilots to use their skills is to start up their own businesses. For pilots looking to make a career change, here are four different entrepreneurial ideas for them to consider.

1. Private Charter Business

This is probably the most popular career choice for pilots looking to move away from the airlines. There are many ways to get into the charter flight world. Pilots can use their savings or retirement funds to purchase a small plane to offer charter flights to businessmen and others who want to avoid flying commercial. Other pilots decide to use their small planes to offer tours of natural wonders like the Grand Canyon or Niagara Falls. This is one of the most exciting and profitable ways for pilots to become entrepreneurs. It takes a lot of hard work and a good sense for finance to pull this off.

airplane-broker2. Airplane Broker

This is an ideal entrepreneurial opportunity for pilots who are sick of the constant travel demands that their careers have placed upon them in the past. Airplane brokers can work out of their homes or a small office, and they don’t have many expenses to worry about. This is a job that pilots will find they have a lot of success in. When a client is looking to purchase an airplane, they will definitely listen to and respect the advice that comes from pilots who have made their living flying in the past.

3. Motivational Speaker

One of the keys to being a great motivational speaker is to have a lot of life experience to draw important lessons from. Well, former airline pilots have these life experiences in spades. Every pilot will have a host of stories that relate to their audiences about the importance of staying calm under pressure and overcoming obstacles. This can be one of the most profitable business ideas for pilots to consider. Popular motivational speakers can earn huge sums for brief speeches, and it is a very rewarding and fun way to make a living.

4. Other Ideas

Of course, many pilots don’t want to stop flying regularly, but they also don’t want to keep traveling all the time. There are many small business ideas that pilots like this can consider. Some examples of these business ideas include running a skydiving school, partnering up with an aviation superstore and running an affiliate business with them, crop-dusting, training pilots at a flight school and running an aerial photography firm. Creative pilots can always find a career path that will allow them to cut down their travel and still keep their wings.

Have Faith

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It is always a little scary to leave a regular paycheck for the uncertain world of an entrepreneur. However, any pilot who has courage and faith will make it happen. The rewards are immense. Not only are the financial rewards incredible, but the joy of becoming your own boss is a reward that every pilot will love.

Six Tips To Improve Your Resume

There probably isn’t a person who ever applied for a job who didn’t heed the maxim, “Dress for the job you want.” But when it comes to the resumes that the carry with them to an interview or that precede them in response to an ad, many personnel managers have to wonder what exactly they are aspiring to. This article will serve as a primer to help you make your resume fit the job you want to have.

1. Don’t be too far out.

We’ve heard it all before, to make a resume stand out you need to put it on a kite, include cookies, send it via carrier pigeon, or something else unusual. The truth is, resumes like this usually end up on a list of “don’ts” concerning how to submit them.

job-search2. Be neat.

It might seem obvious but this is one rule that is great in theory, but often doesn’t get carried out in practice. For whatever reason resumes collect coffee rings, smudges, and other unsightly marks that show carelessness. When resumes like this make their way to an employer’s desk it makes them wonder what your work will be like.

3. Be honest and accurate.

It’s a good idea to show yourself in the best possible light, but don’t add information that is blatantly false. Eventually, you’re going to get caught, and probably fired for it. You should also make sure that your resume is accurate in terms of spelling, dates, and other information.

4. It takes a set.

It might seem obvious, but when you send your resume make sure that the paper and envelope match, and that the ink you use is black. Neatness is what most often gets attention, not showmanship. Smearing your resume with feces will certainly get attention too, but not the kind you want.

5. Keep it to one page.

There is a lot of debate over this one, especially from those folks who argue that a one page resume isn’t practical, and that just their education or experience wouldn’t fit on a single page, but resumes are often read while an executive is on the phone or other activities. Keep it as short as possible at this stage. Use the interview for details.

6. Keep it on business.

A lot of resumes spend time presenting information of a personal nature, but unless this information has to do with the work applied for in some way, don’t include it. If your hobby is bookbinding and the job includes bookbinding or something similar in the field, include it, but otherwise, leave it out.

Many people approach the job of putting together a resume like it is intended to get them a job. It’s not. The job of the resume is to get you an interview. That’s all. Much of the detail that many people are tempted to put in a resume should be saved for the interview. Regardless of the information you present and where you present it, your mission is to put yourself, your work history, and your education in the brightest possible light. Done this way your chances at scoring a job will outshine everyone else.

5 Interviewing Questions To Expect From Your Next Job Interview

Going into an interview can be a nerve-wracking experience, especially if the interview is for your dream job or another position that you would love to have. Prepare for your next interview by learning what some of the most common interview questions are, and how you can impress your interviewer with the right types of answers.

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1. Why do you think you would be a good fit for this position?

This question gives you a chance to highlight your past success, as well as the opportunity to relate it to the specific company you are applying with. Do your research about the company to discover what is valued in the workplace. Does the company’s mission statement focus on customer service? Mention how you worked on a team to increase customer satisfaction at your previous job. Always find something in your past that shows you are in line with the company’s goals.

2. What are some of your strengths and weaknesses?

Make sure you focus only on work-related strengths and weaknesses when this question comes up in your interview. Bragging about your biggest strength is a way to shine in front of your potential boss, so tailor your answer to one that will really help the company. If you are a whiz at troubleshooting system problems, it would help tremendously if that is one of the job requirements. When it comes to weaknesses, stick to workplace weaknesses. Don’t mention something that would make your interviewer dread hiring you; instead, mention a small weakness and point out how you have worked to overcome that fault.

3. How do you spend your time outside of work?

Your interviewer wants to make sure you have a good character and a healthy work-life balance when you get asked this question. Good things to mention here are spending time with family, volunteer work and other ways in which you strive to improve yourself. If you know the company has a killer softball team, mentioning that you play softball couldn’t hurt either.

4. Describe a time when you did not agree with a coworker. How did you resolve the situation?

This question is a bit of a trap. Your interviewer doesn’t want to hear that you are hard to get along with at work, so don’t mention any serious problems you’ve had with a previous coworker or boss. It is fine to mention a small conflict if you describe how you used your problem resolution skills to take care of the issue without outside assistance.

5. Do you have any questions for me?

Always ask questions about the position before ending the interview, because it shows that you are truly interested in the job. Ask about training procedures, starting dates or specific job duties to let your interviewer know that you would like to work for the company in this position.

Going into your next interview prepared can help you feel more confident, increasing your chances of getting the job. Whether you get the position or not, each interview will give you more practice; so if you didn’t ace this interview, think some more on your responses and be prepared to take advantage of the next opportunity that comes your way.