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Why invest in Colombia?

Thanks to the general growth of the economy in Latin America and the narrowing of the gap in social inequality, investing in Colombia has become very attractive for international investors in recent years. To add to this phenomenon of investor confidence, Colombia has improved its public image as it has focused on eliminating its internal conflicts. This has further enhanced the perception of the country as a stable business opportunity and has given investors one more reason to invest in Colombia.

On a global scale, these are some of the reasons why it pays to invest in Colombia sooner rather than later:

-Economic stability: The Colombian economy has maintained an average growth of 4.8% in the last five years, also a GDP growth above the estimated average for Latin America.

-Investor confidence: In 2014, Colombia went from Baa3 to Baa2 in Moody’s rating system, which has also been endorsed by Standard & Poor’s and Fitch.

-Investor protection: According to Doing Business 2015 published by the World Bank, Colombia ranked tenth in the world and first in Latin America in terms of investor protection. The same report recognizes the country as the friendliest destination in Latin America to do business.

-International market: Colombia currently has 10 free trade agreements and 3 pending agreements in process, which give preferential access to more than 45 countries and close to 1,500,000,000 consumers in markets located in the United States, European Union, Brazil, Mexico , Chile and Peru; and soon with Costa Rica and Korea, nations with which Colombia is currently negotiating.

-Skilled Workers: According to the IMD 2014 ranking, Colombia has the most qualified jobs in all of South America. Colombia surpasses countries like Brazil, Chile, Peru, Argentina and Venezuela.

-Competitive legal structures: Colombia is a benchmark in Latin America due to the reforms it has implemented for business development. Since 2005, the country has implemented 29 reforms supported by the World Bank’s Doing Business 2015 publication.

Now, how to establish a company in Colombia?

There are several types of companies available to suit every type of business and need, but the most popular is a SAS company, which is a “simplified limited company.” Setting up this type of company in Colombia is relatively simple, quick, and well suited to most business needs. For which a single person is required to register the company, but a legal representative must be designated who is a Colombian national or a foreigner with the corresponding visa. This type of company allows you to operate freely, without currency controls or restrictions. Also with a SAS company, shareholders are only personally liable if there has been proof of fraud, so there is no personal liability for corporate actions, including labor disputes, tax issues or other litigation that may arise with the operation of the company.

The entire process to set up a SAS typically takes two to three weeks (plus an additional week to open a company bank account), but it also depends on the complexity of the company, the availability of relevant personal documents, and the founding owners. . . With an SAS, the founding partners may also be eligible to apply for a visa in Colombia, which allows them to remain in Colombia while the business operates, as long as they make a sufficient investment that aligns with a minimum of 100 times the Colombian legal minimum wage. . (at the time of writing, equivalent to approximately USD $21,000). A SAS company in most cases is the best business vehicle for business operations in Colombia, offering maximum flexibility, limited personal liability, and a way to obtain a visa to stay in Colombia.

If you want more information about this type of company and its process, do not hesitate to contact us. Our team is willing to answer all your questions and assist you in setting up your company and starting up your business.

Used Winter Tires

If you’re in the market for a new set of winter tires, but don’t have the cash to spend on them, you might want to consider used winters. While these used winters may be slightly lower in quality than the latest branded offerings, they’re often a lot more affordable and can still give you plenty of value for your money.

One of the key things you need to look for in a used winter tire is the three-peak mountain snowflake symbol, which indicates that the tires are specifically designed to offer excellent traction on icy and snowy roads. It is also worth noting that the symbols don’t appear on every used winter tire, so you should do your research as if you were buying a new set of tires to ensure you’re getting the right ones for your needs.

Gomme Invernali Usate

You’ll want to make sure that the used winter tires are in good condition and have a good tread depth, as well as the correct rims for your vehicle. You should also be careful not to buy a tire with excessive wear, such as uneven or irregular flat spots on the edge of the tire.

Whether you drive an all-wheel-drive or front-wheel-drive vehicle, a good set of winter tires can help ensure you’re safe in any weather conditions. It’s worth a little extra effort to make sure you have the appropriate winter-rated tires, as they will save you from potentially serious accidents during wintertime.

Used Winter Tires – A Winter Driving Essential

The time to switch out your summer and winter tires completely depends on where you live, but it’s typically a good idea to do it when the weather drops below 45 degrees Fahrenheit. This will allow you to take advantage of the softer rubber compounds and better traction that winter tires provide, especially in icy and snowy conditions.

If you’re a heavy user of your vehicle, you might need to do the swap even sooner. This is due to the fact that summer tires become stiff and less flexible with colder temperatures, resulting in a loss of traction when driving on colder roads.

A good rule of thumb is that you should rotate your tires every 5,000 miles, although this can vary depending on how you drive and the brand of tire you use. Rotating your tires will maximize their lifespan, and will help you get more mileage out of your tires.

If your area experiences a particularly harsh winter, then you’ll probably need to invest in a set of winter tires. The softer rubber compound is specially designed to provide excellent grip on ice and snow, making it easier for you to avoid losing control of your vehicle in poor driving conditions.

They’ll also make it a lot easier for you to slow down, and stop quickly, during the colder months. This can be the difference between staying safe on the road or swerving off the side of the road, which could result in a serious accident.

Taxes on individuals and businesses at the local, state, and federal levels are governed by certain rules and regulations. An understanding of these legal details is necessary for proper tax planning. You must be familiar with current tax laws to understand the categories of expenses that are tax deductible, manage the tax implications, and other similar details.

You need the help of experts to carry out this task. The right tax attorney would know which approach would work for your case. The main objective is to alleviate the tax burden of the entity.

The application of the laws on the income generated in a certain tax period is what fiscal planning pursues. If you are an individual, this income may come from wages and salaries, interest earned from bank accounts, investment earnings, and others. In case it is a business, the income can come from stocks and bonds, profit from sales, etc.

The reduction in the amount of taxable income for the moment also helps to make the proper planning of the tax payment. You should also have a good idea about tax breaks to handle this. It is necessary to have adequate knowledge about deductions and the correct way to claim it, in the right circumstances, when you file your tax return.

It is not easy to take care of all this on your own. You should opt for a reputable Hampton tax planning law firm to handle your case. They would be able to approach planning with their knowledge and experience.

Tax planning lawyers are proficient in current laws. They could help you manage your taxes and make sure you don’t face any legal issues regarding taxes. They are also capable of preparing the paperwork involved in the matter.

Common methods used to plan your taxes are as follows:

Decrease in gross income – A decrease in adjusted gross income for a certain period of time proves to be beneficial to the entity. Exemptions and bonuses play an important role in this approach.

Increase in tax deductions – The application of these deductions on expenses helps in this matter. Your tax planning lawyer knows how current laws could improve the scope of use of this particular method.

Using Tax Credits: Credits related to earned income, child adoption, or retirement savings plans could be used for effective solutions.

It is essential that you base your selection of tax attorney on a few key factors. Proper knowledge is a must in such a case. Opt for individual lawyers or law firms that have been working in this field for quite some time. Choose lawyers with the right specialization; a real estate attorney will not be right for the job, you need one who understands taxes and tax administration.

An income and expense account is the profit and loss account of a non-commercial business. It contains only income items, which are charged with all expenses and credited with all income for a period, whether actually paid or received within that period or not. The final balance of the income and expense account represents the excess of income over expenses, or the excess of expenses over income, as the case may be, for that period. This balance is similar to the net profit or loss of a business enterprise.

Receipt and payment accounts and income and expense accounts are commonly used by non-commercial companies such as social clubs, societies in order to present their financial situation to their members. A receipt and payment account is not a substitute for an income and expense account, as the letter is prepared on an accrual basis.

Contrast with collection and payment accounts

The main differences between the two accounts are:

Receipts and payments cash transactions only, indicates principal payments, balance represents cash on hand, bank balance, or bank overdraft. Income and expenses include accruals and prepayments, exclude principal receipts and principal payments, the balance represents the surplus/deficiency of income over expenses during a given period.

base of preparation

To prepare an income and expense account Receipts and Payments Accounts, post all income items that appear in the Receipts and Payments Accounts on opposite sides of the Income and Expenses account, and make adjustments for accruals and prepayments to the beginning and end of the period.

Items like subscriptions, entry fees, income from investments like that. Those that have been received in cash and charged to the collection and payment account, must be credited to the income and expense account, while expenses such as rents, salaries, repairs such as those that appear on the credit of the collection account and payments must be charged to the income and expense account. The capital elements that appear in the collection and payment account will be allocated to the charge or credit, as the case may be, of the corresponding asset or liability accounts, and will not affect the income and expense account.

The balance sheet of a non-profit company is prepared in the usual way and contains details of all assets and liabilities on the date it is incorporated. The excess of assets over liabilities is similar to a trader’s equity, but is often called the accumulated fund, or fund in general, since it is typically made up of the excess of income over expenses that has accumulated within the business.

Separate accounts must be maintained for funds raised for special purposes, eg, building appeal funds and election funds.

Two problems whose solutions accountants divide are:

1. Should club entrance fees be credited to the income and expense account or appear on the club’s balance sheet as an addition to the accumulated fund? As long as entry fees are treated consistently, either method is correct; although it can be argued that revenue could be destroyed if there were a large number of gate fees in any period, the benefit of which would be spread over several accounting periods.

2. Should the arrears of the clubs appear as receivables on the balance sheet date? A large amount of arrears of club fees are never received and the balance could be destroyed by a fictitious asset of the debtors if the arrears of club fees are included in the balance sheet and are never received. In practice, subscriptions in arrears are often excluded from the balance sheet for prudential reasons.

Mastercard International targets 40 percent growth for the fiscal year

2004-05. It currently has 7 million debit cards and 5 million credit cards. …

People will always need credit cards; It seems like the average person has about 4 cards in their pocket, a gas card, a card for a major department store, a grocery card, a jewelry card, and a couple of spare cards in case cash is needed. and they are scarce.

Now if you have a website, ANY type of website, you can become an affiliate with a credit card company, or up to 100 credit card companies, absolutely free!

To give you an example of what is available:

You can present more than 100 credit cards with various companies just by placing a simple link on their web page for free.

These companies will also help you set up your website.

The credit cards offered are Visa. MasterCard and American Express.

The commissions you receive when someone completes an application range from $20 to $80 for an approval.

They provide affiliates with all the credit card content such as reviews, ratings, APR, rates, etc. All information is provided FREE to affiliates to incorporate into their websites.

Some companies will actually provide you with access to a database that is constantly updated with any information that may change, such as interest rates and terms and conditions.

Today there are numerous different types of cards, most of which fall into 2 classifications:

Credit cards based on a good credit history.

Interest and transaction rates should be relatively low.

Credit cards based on a not so good credit history.

Interest and transaction rates will be relatively high.

It would be perfect as an affiliate to be able to offer both.

To convince people to sign up for a certain credit card, you can promote various types of rewards offered by credit card companies on your website.

An excellent example of rewards, of course, is airline miles.

“Get 15,000 free miles when you apply for this particular credit card.”

How about these rewards:

“0% introductory APR for 15 months.”

“Instant Approval”

“5% refund”

“Free Movie Rental”

“Bad credit OK”

“Low interest”

“Purchase and transfers at 0%”

“Free Rewards Program: Home, Electronics, Dining, Travel & More”

” 5 points for every $1 spent at supermarkets, pharmacies and gas stations:”

“Earn 1 point for every $1 on all other purchases”

“0% APR on balance transfers for 12 months”

“No annual fee”

automatic redemption cards

faster cards

Now there are new cards, where cardholders simply hold their card near a point-of-sale reader at a checkout, rather than swiping their card or handing it to a store clerk.

As cardholders hold their card with this feature near the point-of-sale reader, the reader will rapidly beep and turn on to signal payment confirmation.

“We believe that innovative cards with this feature give merchants and cardholders the increased speed and convenience they want at the point of sale,” said a senior vice president of a company’s credit card division. “With this feature, cardholders can save time when making their daily purchases.”

So you can use any of the above incentives to promote your affiliate credit card link and earn additional internet income.

Whether you’re thinking of starting a business or already running it, money is your lifeline. Small businesses have financing as an important factor in keeping their business afloat and at some point getting financing for the same turns out to be the most beneficial for them. The Small Business Administration, SBA, helps put the pieces together for small businesses. It offers them the financing they need to run businesses and even grow them.

This is a federal government agency that has worked for many small businesses. Instead of lending money directly to businesses, set up and use guidelines for lending through partners like credit unions, microlending institutions, banks, and community development organizations. The SBA eliminates risk for lenders by guaranteeing repayment of portions of loans made. It can be termed as a win-win situation because the entrepreneurs get the funds they need and the lenders make sure that the loans will be repaid, which makes the agency very beneficial. The loans simply offer access to capital at the lowest costs without the requirement to give up equity.

loan programs

It is important to note that SBA loan programs are specifically structured for small businesses that do not have access to other types of financing. As a small business person, you should be familiar with loan programs so that you can apply for the right one for your business.

7(a) Loan Program – This is the main program intended to help new businesses as well as existing small businesses that need financing. The loans are basic and the money can be for general business purposes such as equipment, machinery, working capital lease improvements, fixtures and furnishings, and other business needs. Basically, you can deal with business acquisitions, unsecured debt consolidation into a new loan, large inventory purchases, and business expansion.

CDC/504 Loan Program – This SBA loan program provides long-term financing for the purchase of large assets. Assets can include commercial real estate, buildings and land, or even equipment. Loans generally cover 40% of the total cost of the project, with the participating lender covering 50% and the borrower putting up the last 10%. Loans under this program are never used for inventory or capital.

Disaster Loans: Businesses can be affected by disasters and this can be devastating for any business. The SBA extends disaster loans to businesses affected by declared disasters. Low interest loans are structured to help replace or repair damaged machinery, personal property, business assets, inventory and equipment. Basically, you will be able to recover after a disaster strikes at very low interest using this loan program.

Microloan Program – The loan program makes very small loans to start-up, growing, or newly established businesses. They typically have SBA-designated intermediary lenders, most of whom are nonprofit organizations with some experience in loan and technical assistance. Although small loans cannot be used to pay off existing debt or purchase real estate, they are still useful for purchasing fixtures, equipment, machinery, supplies, and inventory or used as working capital.

Dead Body Transportation

Arranging for the final rites of a dead person can be an emotional and daunting experience. This is especially true if the deceased needs to be transported to a different city before being buried. Fortunately, the services of a trusted and reliable funeral home in Pune can make the process much easier.

When it comes to arranging for Dead Body Transportation in Pune, there are many important things to keep in mind. You will want to ensure that the deceased’s remains arrive in good condition, and you will also need to be sure that the transport company you choose is reputable.

A good funeral service provider should be able to offer you several options for a deceased person’s cremation and burial. They should also be able to help you with a range of other funeral services, such as funeral pre-planning and the transporting of a dead body in a funeral vehicle.

Dead Body Transportation in Pune

You should first decide where the deceased is going to be buried. You may want to bury the body in a local cemetery or at the deceased’s hometown.

The next step is to contact a licensed funeral home and arrange for the body to be transported to the cemetery. A trained funeral home should be able to handle all of these procedures and make them as simple as possible for you.

If the body is being moved to a different location, you will also need to consider how to get it to the airport. This will depend on how far the destination is and what type of planes are available there.

Another option is to use an air ambulance. This will allow you to have the body transported quickly and without the hassle of a ground ambulance. However, it’s important to remember that airlines charge landing and handling fees when a flight is used for this purpose.

There are many different types of planes to choose from when it comes to arranging for the transportation of a dead body. You’ll need to decide which one best fits your needs and budget.

A helicopter is typically the most popular choice for a quick and affordable way to relocate a dead body from one place to another. This is because it can often take off and land more quickly than other types of aircraft.

Other options include airplanes and boats. These can also be useful when a body is to be transported across water, but they are not as fast or as convenient.

When a body is being transported by air, you’ll need to be sure that the airline is licensed and accredited to transport such goods. If the airline is not, you will need to make arrangements with a different company that is licensed to transport this type of cargo.

You will also need to make sure that the air carrier is a member of the International Air Cargo Association and has received the required safety certifications. You will also need to make sure that the package containing the body is not opened or damaged during transport, and that it’s sealed in accordance with the requirements of the airline.

If you care about developing as a leader, if you want more effective leadership skills, what should you do? What is the best approach?

Many books have been written on leadership. There are hundreds in print at this time. There are also many articles and videos available on the subject. You’ll also find quite a few training programs, both online and in person, and many are very well produced.

But to help you navigate through all of these resources, consider this: There is a big difference between KNOWING something and DOING something. In the end, what you know is far less important than what you do with the knowledge. When you are with people, are you applying what you learned? If you don’t translate knowledge into action, it doesn’t do you much good.

In practical terms, the best books, videos, and training programs do a couple of things. First, they present a model of effective leadership skills: they show you what you should be doing at work. The problem is that not everyone does that. They can contain a lot of good information about leadership principles. Hopefully, the treatment is interesting. You may gain some self-awareness; It is always good to know what your strengths and weaknesses are. But what you really need to know is what you need to do to get the best effort from your people. So ideally you learn about a model of how to act around people. If the resource doesn’t provide you with this, you’re probably wasting your time with it.

But knowing what to do, having good role models for effective leadership skills, is just the beginning.

A training course, even a two-week one, which is rare, is not enough to make you so comfortable with effective leadership skills that you wouldn’t hesitate to use them with people. The reason is that these courses have a lot of topics to cover and there is not a lot of time to practice in class. It takes time to ingrain a skill to the point where you would instinctively use it in the real world of work. This is because the brain cells involved in the skill need time to develop connections and form a network that makes the skill efficient and comfortable. You have to apply what you learned over and over again to rewire your brain for the skill. The time depends on how many opportunities you take to apply it. The idea is to turn an effective leadership skill into a work habit, and that could take months or even a year.

This is how you develop any habit, skill, or pattern of behavior. There is no shortcut. You have to do the work. And the only place this can happen is at work.

When it comes to developing effective leadership skills, experience really is the best teacher. A smart manager follows cues from her interactions with people. For example, someone might say, “I don’t like you talking to me like that.” Or something could go wrong in your group. You may be trying things and they don’t work. Each of these cases is an experience from which you can learn.

So when you get suggestions for what to do as a leader, try them out and learn from the experiences. If you do this, day after day, year after year, you will be participating in the best kind of leadership development program there is.

You can operate your business as a sole proprietor, like 70% of American businesses. However, if the business turns out to be terrific and you begin to earn a lot of cash, then it may be worth incorporating it, as a method of reducing your taxes and protecting profits.

You may be implementing a growth strategy that requires you to take on additional investors, or perhaps implementing your exit strategy, with a plan to sell your business, perhaps to employees through an Employee Stock Option Plan (ESOP). ). Either scenario may cause your accountant or business lawyer to recommend that you establish a separate legal entity and the preferred strategy might be to incorporate it.

What does that mean in practical terms? For a Solopreneur consultant or small business owner, incorporation typically means establishing an S Corporation. A Limited Liability Company (LLC) is another frequently used legal business entity and there are certain similarities between the two.

Both LLCs and S corporations provide business owners with a degree of protection against lawsuits and creditors. However, if there is negligence, the “corporate veil” of protection will be torn and the owners will be liable for any damages.

Second, there are certain similarities in the way taxes are handled. LLCs and S Corporations, unlike the more common C Corporations, allow a “passthrough” of business profits or losses to the owner’s Personal Tax Form 1040 (the S Corporation shareholders) based on ownership interest. property. There is no separate (double) taxation, as is the case with C Corporations. Both S Corporation and LLC owners can deduct pre-tax business expenses such as advertising, professional services, travel, etc. S Corp owners will file Form 1040 Schedule E and Form 1120S in addition to the usual state and federal tax forms.

However, there are a couple of differences that affect the treatment of taxes. Unlike the LLC and like the C Corporation, the owners of the S Corporation pay themselves a salary (which should be considered reasonable based on industry standards and business income) and receive dividends (distributions) from the additional earnings earned. Dividends are taxed at a lower rate than the salary payment and that is one of the reasons why S Corporation tax rates may be lower.

Another difference has to do with taxes on self-employment. Says Diane Kennedy, a Phoenix, AZ-based CPA and author of “Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax” (2001), “If you have a Subchapter S Corporation and you put yourself on the payroll as A W-2 employee, by withholding taxes from each paycheck as they withdraw money from the corporation, can often save a significant amount of money in self-employment taxes.” Sole proprietors and LLC owners must pay self-employment taxes.

Owners can sell, transfer or give away their shares, something LLC owners cannot do. There can be no more than 100 shareholders/owners of S Corporation, but family members who own shares are treated as one shareholder when counting. Other corporations, subchapter C or S, continue in perpetuity unless formally dissolved. Death does not automatically dissolve a corporation, while LLCs terminate if an owner retires, resigns, dies, or goes bankrupt, but they can be reformed if desired.

On the downside, S corporations have stricter guidelines than LLCs. Owners must be US citizens or reside in the US There can only be one class of shares and, depending on the state in which it was incorporated, there may be additional state taxes. Businesses that earn 25% or more of gross receipts from passive income (eg, rental income) and those that earn 95% or more of gross receipts from exports cannot form an S Corporation.

S corporation owners must also hold annual board and shareholder meetings and take minutes. Additionally, owners must strictly separate their personal and corporate bank accounts. Failure to comply with all requirements may result in loss of S Corporation status and the IRS is investigating.

So which legal entity is best for your organization? Throughout the life of your business, it is wise to look at your plans for the future in terms of revenue, growth, exit strategy, and taxes, and institute the legal structure that will enhance your position.

Thank you for reading,

Kim

Starting a business can be expensive and complex depending on the type of business you start. A strategic business plan helps you address questions like what my capital resources are, how will my product or service get to market, or how will I manage my day-to-day operations. These are very important issues for any start-up and need to be addressed, however there are other “must knows” that are just as critical to the success of a new business.

The first, which is the right business form to choose, could have a significant impact on your bottom line. This is because different business forms are taxed differently. The various forms of business structures include sole proprietorship, LLC, partnership, S-Corporation, or C-Corporation. Each with their own set of rules, when it comes to how you pay taxes. The next consideration, whether to obtain an Employer Identification Number (EIN) has been a popular topic among new businesses. In general, regardless of the form of your business, it is mandatory to apply for and obtain an EIN. This is because, in the course of your business activities, you will most likely make certain payments that require disclosure statements. The forms used to report these payments must include the payee’s identification number.

Another important consideration is deciding on your tax year. A fiscal year generally consists of twelve months. The IRS allows two types of tax years. The first is the Calendar Year, which begins on January 1 and ends on December 31 of each year. The second is the fiscal year. “A fiscal fiscal year consists of 12 consecutive months ending on the last day of any month except December. A 52-53 week fiscal year is a fiscal fiscal year that ranges from 52 to 53 weeks but does not have to end on the last day of one month” (IRS Publication 538). Although most startups choose the calendar year, it’s good to understand the difference between the two. Once your business grows, it may be prudent to switch to the tax year because of the many potential tax advantages you can take advantage of as a result.

The next three considerations include business owners knowing what type of federal and state tax they will be responsible for paying, what tax forms to file, and how to properly account for employees, when it comes to taxes. The IRS requires different business forms to file different tax returns (Schedule C, 1120, 1102s, 1065) at different times during the filing period. Also, depending on whether you have W-2 employees or independent contractors, different types of return requirements will apply. You may also have to deal with state and local sales tax reporting and payment requirements. It is also important because it has been argued that it is one of the most problematic areas for small business start-ups.

Finally, understanding the proper accounting method (cash vs. accrual), what business expenses are deductible, and what records to keep and for how long are the last three “must knows”. Depending on the accounting method you choose, you could be paying more tax than you should. Making this determination requires a good understanding of the available accounting methods and how those methods affect your specific situation. Understanding what expenses are deductible will help you keep proper records, as well as help your tax professional maximize your credits and deductions. Remember, a tax professional is generally limited to the information you provide. Tax professionals may understand the implications of certain deductions, but not know without your input that such deductions apply.