Category Archives: Business

Water damage to your home as a result of a leak, what next?

A Leak Caused Water Damage? Important Steps To Follow Next

While water leaks are not the end of the world, they can cause significant damage to your home. Water leaks can lead to many problems that include mold, mildew, water stains, and wet drywall. This is why whether large or small, it is important to deal with a water leak right away. Here are some steps to take after a leak causes damage to your home.

 

Find the leak

It is important to isolate the leak. If the leak is coming from the roof, try to pinpoint where. If it is from a pipe, temporarily patch the pipe. Move all wet items away from the leak’s origin to prevent further damage. Consider calling a professional to fix the leak, especially if it is a roof leak, or if you cannot determine the leak’s location.

 

Dry out

Start getting all wet items as dry as possible. The longer the items are wet, the greater chance that mold will start to grow. A wet vac will help with carpets and furniture. A dehumidifier will pull the moisture out of the room. Make sure light fixtures are thoroughly dry before use. Removing the light fixture cover to remove any water may be a good idea. Use a moisture meter to determine the amount of moisture in the ceilings, walls, and ductwork.

 

Pictures and notes

It is important to document the entire process. Make sure to note the day and the weather conditions, especially for a roof leak. Take pictures of the leak’s place of origin. Also, take pictures of all items that were damaged due to the leak. This includes walls, floors, ceilings, as well as personal property like rugs and furniture. Contact the insurance company and provide all the necessary documentation.

 

Fix leak

Until the leak is fixed, consider leaving all items in a safe place. If it is a roof leak, try placing buckets or large containers underneath in case it rains before it can be fixed. If it is a pipe leak, call a professional to get it fixed as soon as possible. Turn off the water to prevent future leaks.

You can watch some Youtube videos to maybe get an idea on how to fix it yourself, but ultimately you need a plumber like denver water damage to come in.

Example:

Restoration

Once the leak has been fixed and everything is dry, it is time to take care of the damage. This may be as simple as replacing wallpaper, painting over some dry water stains, or replacing the carpet. Cleaning and sanitizing everything is an important step to not overlook. If there is severe water damage, a professional may be needed to fix a wooden floor or replace other structural damage. Make sure to get estimates, document the work, and report everything to the insurance company.

3 Famous Examples of Security Fraud

Security fraud has become a significant issue around this information age, especially in the investment world. Security fraud, a.k.a; investment fraud is a malicious practice that involves the misinterpretation of information for many investors to make viable decisions, in one way or another—the crime involves financial manipulation, poor advice, and more which may lead to significant losses.

Security fraud is illegal, and too often, it is risky to investors. There’s been a great article on TGDAILY recently that interviews a securities defence lawyer, it gives a great outline of the most common misconceptions and he digs into the most popular questi0ns around the topics. We highly recommend to give it a read.

Anyway, Investment fraud takes on many diversified forms. But below are the most famous ones.

  1. Accountant fraud

Over the past two decades, accountant fraud has increasingly grown where financial reports get manipulated now and then. The most kind of workers who fall into these illegal practices is usually the ones who have access to an organization’s accounts without oversight.

Accountant fraud involves embezzlements, fake suppliers, personal purchases, and many more.

Accountant fraud can directly impact the success of the company. It can lead to billions of losses if unchecked. The company, therefore, should implement internal severe accounting control and conduct random auditing on accounts receivable and accounts payable. Even better, it should employ trusted workers to check the reports regularly.

  1. Payroll fraud

Payroll fraud is an illegal act through the company’s payroll system. Payroll fraud is one of the most common investment frauds that many employees have turned their heads to-for many reasons. The effects of these employees fraud are dangerous and can even lead to business failure. According to research, about 27% of businesses affected with payroll fraud are likely to last for not less than 36 months. Payroll fraud, therefore, is a significant risk, particularly for small enterprises where control is minimal.

Some of the theft involved with payroll fraud includes paycheck theft, advance fraud, ghost employees scheme, and many more.

To avoid such a risk, the company needs to balance the sheets plus the payroll accounts three times a year. The company should also employ trusted managers who approve timesheets on time. The payroll record is a must check to ensure bank details matches.

  1. Asset misappropriation

Also referred to as insider fraud, asset misappropriation is a fraudulent practice that involves vast numbers of employees within a company. It is a case where individual employees who have access to information that the company lacks, then takes advantage of sale the corporation’s stock or securities.

Asset misappropriation is a risk if unnoticed. It includes theft of cash, robbery of services, forgery, and more.

The company should, therefore, rigorously check on new employees’ backgrounds. The company should also implement random audits, checks, and balances, and never pay commissions unless services get delivered. Better yet, change of duties of employees.

Marketing Your Business With Stickers Has Never Been Easier

Stand Out From the Crowd

You may not have realized it, but business stickers help you stand out from the crowd. Lots of entrepreneurs or solely dependent on the Internet to catapult their business. Stickers, however, are promotional even if your potential customers cannot get online. In fact, you can give away stickers as promotional products with other things. Customer love free stuff, and the entrepreneur loves any opportunity to introduce their business to new customers. This is a two-way street where both parents get the opportunity to gain something.

Business leaders need an opportunity to stand out from the crowd. A new business leader cannot afford to do what everyone else is doing. These leaders should realize that their impact is felt much more when the images on a sticker are printed and displayed on some object that a potential consumer owns. If the sticker is in place on the refrigerator the customer has to view it every time that they open up the refrigerator. The competition may only have the attention of the customer if the customer makes a conscious decision to go to the website. If you are lucky enough to have a business in the home, however, you become the business owner that has a constant reminder of your business on the refrigerator of a potential customer.

Printing is More Cost-Effective

If you had to compare stickers for your business along with other things like television ads you are instantly going to see that you get more bang for your buck with customized stickers that you have printed. A television ad or a radio advertisement can cost a fortune. You can spread the word about your business for a whole lot less with customized stickers from Canada sticker printing, and this will reach many consumers that don’t watch TV or listen to the radio.

Easily apply for a business tax ID in Ohio

Have you just opened a new business? Do you live in Ohio and need to apply for a tax ID? If so, you have probably looked at the government’s tax ID website and balked. After all, why does doing something so simple have to be so complicated?

Thankfully, there is a way to make the whole tax ID in Ohio process much simpler. Just use a private company and let them apply for the ID for you.

How can you use a private company for your business tax ID in Ohio? — There are a handful of private businesses that offer to help you apply for an Ohio business tax ID. This takes only a little time to do, can be done via their websites and only costs a very low fee.

What information will you need to submit? — Each company asks for basic business information such as the name of the company, the address and telephone number and what type of company it is. They will also ask you a few questions about what you are selling or the services you are offering, including if you sell firearms or alcohol, or if you are involved in gambling.

After this, it is just a case of signing the application form with a digital signature, paying the fee via your credit card and submitting it. The company then processes it for you. The time this takes is just the same as if you submitted the application yourself, but the process is much easier.

How to find the right company — With several companies offering this service, it is actually quite easy to find the right company for your Ohio llc tax id.

You just have to compare the fees they are charging, and make sure you use a company with a good reputation.

How To: Apply for a washington tax id!

Starting a business can be a great thing for entrepreneurs, but they also need to remind themselves that the best thing about starting a business is having their own say in what is done. When you have your own say you need to have accountability for the things that are happening around you. One part of this accountability includes having your own tax ID number.

 

The Process of Getting a Tax ID in Washington

Every business is going to have to abide by different rules depending on the state that you are in. Washington has rules for entrepreneurs that are specific to the state of Washington. This is why people that are in need of a tax ID are going to need to consider going directly to a website that has IRS documents for business owners in Washington and find out how to get a washington tax id.

 

Your Business Status

In order to get to the application you have to select the type of business that you are going to be operate first. There are corporations that are being established while others may have partnerships. All of these different business entities are going to have different types of rules. There are different types of procedures for how a sole proprietorship is going to be run versus the business procedures for someone that is running any of the other type of business operations. You have to select one of these types before you get started with your business in Washington.

 

Everything concerning how you file your taxes will come down to the type of business that you own. This is what the tax ID in Washington will be connected to. That is the main reason why you need to know what business you are operating before you fill out an application.

 

The Application Process

A number of people are trying to establish a business and they want to go about handling the business in a legit way. This means that they need to be mindful of the fact that there are rules to establishing a business. When you fill out your tax ID application you are going to need things like a business address. You are going to need to supply personal information as well.

When you do these things you are getting yourself ready for a business that is connected to your personal identity. People are not allowed to establish fake businesses with tax IDs that have no correlation back to the person that actually started the business. This is not how the Internal Revenue Service works. When you establish a business in Washington you are connecting yourself with this business for many reasons.

One reason is that you have to pay taxes. You need a business tax number indicator that shows that you are actually paying taxes on the money that is being made with this business each year.

Another reason is that you are working for people that are part of a society that can report you if there are issues with the work that you are doing. The Better Business bureau can get involved based on your company’s tax ID.

Ensuring That You Have The Perfect Business Card

A business card should be one of the first things that you get when starting your business. Having a business card allows you to show people your business and give them all your contact information. You can also leave your business cards out at various places to reach everyone that may want to use your services. There are two ways that you can get a business card. You can either do it yourself or hire a company to make the business card for you.

DIY Business Cards

There are many programs online that you can get in order to do your own business cards. These will allow you to create a unique design and put in all of your information. You will be able to control all the aspects that go into the making of your card. However, it can be difficult to come up with a design for your card. You will want something that stands out and attracts people. You will want to make sure that the font is also easy to read and that you include all of your information. You will also want to make sure you proofread everything that you put on your card. Printing out your cards can also be a pain. Your printer may not make them stand out as much and cutting them out can be a real pain. This can take a lot of your time and effort.

Getting your Business Card Designed by Professionals

Instead of dealing with doing your cards yourself, a much better option is to hire a professional company that knows how to do business cards. A professional company can take your information and what you want in a business card and turn that into a design. Once they complete your design, they will send it to you for final approval. They will handle putting everything on your card and when it comes time to print, they will handle the cards and have them cut out for you professionally. You will not have to worry about a thing. You will be able to sit back and wait for your cards that will surely amaze your clients and future clients.

Don’t settle for a bland business card. Get a professionally designed business card that will make you stand out from your competition. Once you have your business cards, remember to pass them out often. Look at places where you can place your business cards and always keep them there.

The Ball and Chain of Big Business Bureaucracy

The business world is full of David and Goliath stories that illustrate how quickly a large, well-resourced company can lose ground to the little guy. Like stereotypical musclebound bodybuilders, big businesses are strong, but they can become inflexible over time and lose the advantages that propelled them to success as startups. Why? Bureaucracy.

You Can Fight City Hall!

The larger a business grows, the more it tends to become ensconced in a cocoon of middle managers who develop policies and procedures that make decision-making tougher than turning the Titanic. While a leadership structure that defines authority is necessary to ensure clear communication and coordinated efforts, hierarchies can become so bloated that the process of making necessary strategic changes is slowed by endless deliberation and the need for too many people to reach a consensus.

There’s no doubt that government regulation and labor issues encourage an environment in which rules reign, but the larger management grows, the more self-perpetuating it becomes as risk-averse department heads seek to validate their positions by creating ever more policies that undermine the need to adapt and curb the enthusiasm of talented staff.

Create a Yes Culture

Today’s consumers are savvy. They don’t take no for an answer and if a business won’t meet their needs, they’ll find one that will. Start-ups with nothing to lose and the will and flexibility to make things happen are finding unprecedented ways to say yes. They’re wowing customers with attention, great service and a demonstrable appreciation for their business.

In large companies, customers and decision-makers are often insulated from each other by layers of management and a plethora of rules that force employees to eliminate every reason to say no before finding ways to say yes. Customers feel like they’re invisible and unappreciated.

Never Stop looking Forward

Corporate culture is notorious for suffocating innovation because it’s risky and threatens the status quo. As many top-level managers put it (see The Deal – August 2016 – Lowy), while start-ups are busy looking for new ways to gain an edge, big business is often satisfied doing things the way they always have.

Bureaucracy in a large company incentivizes employees to resist change. The accountability processes created to ensure repeatable and profitable results can put the need to innovate on the back burner as creative staff works on the premise that avoiding risk and maintaining existing profits is more important than developing cutting edge ideas.

This mentality is often conveyed to employees unwittingly by members of management who measure staff performance by comparing quarter to quarter profits instead of looking at the big picture. When maintaining gains over a three month period seems like the singular goal, even the most talented staff will develop tunnel vision.

Big business tends to lose operational and strategic flexibility over time simply because it takes longer to turn an ocean liner than a row boat. But, avoiding the bureaucratic traps that slow decision-making, make a business less responsive to customers and stifle innovation is a must for growth in a market that thrives on constant change.