When tax rates rise, small businesses feel the brunt of the impact, but they also pass along increased costs to consumers. In recent news, many residents of the Bay Area are having a hard time getting used to the April 2017, half-cent sales tax increase imposed on a number of cities and counties that make up the startup epicenter. Keep reading to learn why taxes increase and how this year's rate hikes impacted small businesses, which cities are feeling the effects, and what you can do to ease the burden at your business.
The prevalence and capabilities of technology have made it possible for even a 2-year-old to benefit from these innovations, but, as progress continues forward at a rapid pace, these children will one day consider our highest tech antiquated. We are in the midst of a revolution. This revolution doesn’t necessarily have to do with politics or governments either, but rather with the way business is conducted worldwide. Technology has had a tremendous effect on all aspects of our lives. We are now more connected to the world than ever believed possible in the past. It may be hard to believe, but we are still in the infancy of technological change.
For those of us who grew up believing there to be nine planets, 2006 was a fateful year. It was the year the International Astronomical Union officially demoted Pluto, reclassifying it as a “dwarf planet” and abruptly altering a fundamental fact of our solar system. In retrospect, we should have known Pluto’s demise was signaling a cavalcade of explosive changes to come. The last ten years saw the financial crisis as well as the swift proliferation and adoption of mobile technology, not to mention myriad social, cultural, environmental, and political developments brought on by an increasingly interconnected global social society.
Doing business is no exception. Whether you were chugging along in your career, already running your own company, or—like our founder, Jessica Mah—were only just heading to college, it’s likely that your professional life today hardly resembles what it was back then. Consider the tools and services you take for granted on a daily basis: in 2006, almost no one used LinkedIn or Twitter, Facebook advertising didn’t exist, every desk had a landline, and cloud computing was still years away.
And that’s not all that’s changed since then.
This article originally appeared in slightly different form on Inc.com and is shared with permission.
Remember when all it took for a company to seem innovative were a few beanbag chairs, a couple beer kegs, and a ping-pong table?
To be fair, virtually anyone would welcome all of the above in their workplace, but we’ve come a long way from the early days of the startup economy when a “best place to work” was essentially a conventional office with a ball pit in the middle. (Nothing against ball pits!)
It’s 2016, and forward-thinking organizations are taking a holistic approach to company culture, challenging old norms regarding benefits, compensation, management structure, purpose, and everything in between.
You don’t need an MBA to start a business. In fact, some of the world’s largest organizations are run by CEOs and owners who dropped out of school altogether and entered into the business world through an alternative route. Most entrepreneurs agree: First-hand experience is the best education.
Uber drivers are now employees!
Well, kind of. And only in Oregon. Which is home to only a tiny portion of Uber drivers.
Here’s the deal. Brad Avakian, Oregon’s Commissioner of Bureau of Labor and Industries, issued an opinion on the status of Uber drivers yesterday: According to Oregon law, they ought to be considered employees rather than contractors.
We have great news! Yesterday, we launched a partnership with WeWork, the international provider of co-working spaces for entrepreneurs, startups, and other small businesses.
At inDinero, we provide back-office services for small businesses: accounting, taxes, and payroll, plus a powerful dashboard designed specifically for entrepreneurs. Over the past three years, we have grown at a rate of 2,685.6%, earning the 146th spot on this year’s Inc. 5000 by Inc. Magazine.
WeWork is a platform for creators, providing more than 30,000 members around the world with space, community, and services through both physical and virtual offerings. Their mission is to create a world where people work to make a life, not just a living. WeWork currently has more than 50 physical locations in 16 cities and four countries around the world.
Is it really worth it for businesses to invest in expert tax filing and bookkeeping?
The case of Coca-Cola should leave you in no doubt. Last Friday, the soft-drink giant announced that it had received a love note from the IRS—to the tune of $3.3 billion.
That’s comparable to the GDP of Swaziland.
Apparently, the IRS made the determination on owed taxes after a five-year audit. That’s no joke.
The NFL and NCAA have each run into issues when it comes to labor laws. Here's how you can avoid your own snafu.
Can automating tedious tasks actually make talented people more valuable to a company?