Small Business Reading Room

Friday, June 09, 2006

EU extends sales-tax rules for Internet companies

EU finance ministers on Wednesday extended the current sales-tax system for Internet-based services until the end of the year, after failing to get unanimous support for changes that would see value-added tax charged in the country where the customer is based.

EU extends sales-tax rules for Internet companies until year end

The current method -- which was due to expire on June 30 -- has some Internet companies charging VAT in the country where their customers live, while services such as telecommunications and pay TV are sometimes charged in the country where the supplier is headquartered.

Yes folks, now matter where you are in the world, politics usually boils down to dollars and cents (or Euros).

Wednesday, June 07, 2006

Business owners and retirement

I recently came across this article via Fortune Small Business Magazine (online).

Retire rich: Keep out the taxman

The right plan can help business owners protect their cash from the IRS.

It didn't exactly give away any trade secrets, but it did inspire me to schedule an appointment with a financial advisor to take about how I can maximize retirements savings.

Tuesday, June 06, 2006

Know Your Market- China & the U.S.

According to the CIA World Fact Book, the current population of China is about 1,313,973,713. Many American businesses and entrepreneurs are hoping to turn that population into a whole lot of customers.

If you are one of the hopeful, you can probably put some of these resources from the US-China Business Council to good use:

China's Economy

Foreign Investment in China

US-China Trade

Monday, June 05, 2006

Wanted: 1,000 Entrepreneurs for Free Financial Training

When was the last time a Partner in a "Big Four" Public Accounting Firm offered to give you some free advice?

Wanted: 1,000 Entrepreneurs for Free Financial Training
First come, first served.

Sign up to gain the proper financial knowledge and tools through profit management training.

What am I talking about?

Free coaching from a partner of PricewaterhouseCoopers LLP.

Carole A. Symonds, CPA, MST is offering small business owners an avenue to learn how to make their businesses more profitable and increase their earnings. The first 1,000 small business owners applying for online training at before June 30, 2006, will receive training valued at $3,100 and previously available only at live seminars. A $37.00 registration fee applies.

What can you expect to cover in the Millionaire ManagerĀ® Program?

  • The Five critical components of the balance sheet and income statement.

  • How to define capital and what it truly means to the business.

  • The cost of profit, and how to determine it.

  • The true measurement of profitability, and why it works.

  • How to use all of the above to manage the business on a day-to-day basis.

I couldn't find any catch (I admit, I looked for one). Maybe this is just a heck of a marketing campaign. After all, if your business profits expand exponentially because of this course, who do you think you will get to do your taxes?

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