IRS and Small Businesses: Are They Under Attack?

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An expert agrees on this. According to this expert the IRS is now focusing more on small businesses. In fact, this is something that the very same small business owners can confirm, because in comparison to previous years, these “surprise” tax audits to small businesses have increased quite a lot in number.

According to the expert and professor Donald T. Williamson, confirms that these audits are now mainly targeting small business owners, which is quite unfair. Small businesses have enough problems nowadays, and now they have to stand the restless and hard attack of the IRS.

Problems:

Small businesses in North America have very serious problems, and now that the IRS is targeting them we can say that it’s just a disaster waiting to happen. From some time small business owners have been doubtful on expanding their business, and now that they know the IRS is running behind them, we can say with confidence that they will be even more doubtful than ever before.

From here we can see that this plan by the IRS is only going to affect economy in a bad way. But it will be hard to see the effect right now, we have to wait some time.

A Reduced Budget:

According to many experts, this situation has been brought as a result of the reduction in budget for the IRS. That’s why they are now focusing on auditing small businesses, as they require less money.

It seems unfair, but it may be one of the reasons on why IRS auditors are now encouraged and pressured to audit more small businesses than ever before.

That’s why some other experts agree that the random algorithm of the IRS is not so random after all, because nowadays it’s very easy to see that this institution has a special fixation on small businesses.

Some Reasons:

One of the explanations on why the IRS is targeting more small businesses can be also be justified on the following premise: small businesses receive most of their income in the form of cash. As we all know, cash is harder to track down and therefore more audits would be needed in order to ensure small businesses are paying their correct tax share.

In fact it’s true, but it’s not a valid reason to target small businesses in such a hard and restless manner. According to many experts this is going to install even more fear and doubts, and these are things that we don’t need right now, especially when our economy is in problems.

It’s Time To End It:

As we have seen before, China’s overproduction and unfair practices in foreign markets – including the US – is enough problem for small business owners in America. That’s why it’s important for the IRS to stop its war on small businesses, because it’s only going to cause problems.

We hope the IRS can notice this problem that’s cooking before it’s too late. It’s just a time bomb waiting to explode.

Mailchimp, Zoho and Xero: Small Businesses’ Favorite

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As it seems Mailchimp, Zoho and Xero have become the new favorites for small businesses. We will explain the reasons for this rise in popularity in just a few moments. If you are a small business owner, then we are pretty sure that you will enjoy this article from beginning till end.

Zoho + Mailchimp Integration:

Zoho allows you to have an easy way to store your contacts. Thanks to this integration now you can send email campaigns to your contacts from Zoho through Mailchimp. It will make things a lot easier and more efficient.

Thanks to this smart integrations small business owners won’t have to struggle when sending email campaigns to their contacts. It will be a lot easier an efficient in fact, especially for business owners whose tech skills are not the best.

And in fact, Zoho and Mailchimp have explained that the principal purpose of this integration is to make things easier for small business owners. Now sending email campaigns is a lot easier and efficient thanks to these two companies!

XERO: Bookkeeping and Accounting Made Easy.

XERO has become into the top choice for small business owners who want to manage their own bookkeeping and accounting. Because this company’s purpose has been the same: to make it easy for small business owners to keep track on their own accounting and manage their bookkeeping in an effortless manner.

Let’s face it: accounting can be very boring. But thanks to XERO’s platform it’s a lot easier and more efficient for the average small business owner. If you would like to try XERO, then you should know that they have very affordable plans that go according to your own needs.

We have to say that XERO is a tool that every single small business owner out there should have. It’s not so expensive and will simplify your life quite a lot. You just need to visit their website and see what they have to offer you.

Email Marketing Tips:

So, as we are talking about Mailchimp and Zoho’s recent integration, it’d be great to give you some good email marketing tips.

Email marketing can be very powerful and efficient when used correctly. But there point is there: how can you use it in the best way? It’s not so hard in fact, you just need to be smart.

No Spam:

Please, never send spam. It’s the easiest way to piss people off and make them unsubscribe from your email list. Always try to send valuable info or good promotions. You can send promotions when you want, but not every single day. 1-2 times a week seems to be the sweet spot.

Valuable Content:

If you have a blog in your website, then you should try to add good and valuable content and then send it to your contacts. It will help them and as a result they will be more prone to opening your emails when you send them. So give it a try.

US to China: Tackle Excess Capacity Now

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This situation is critical. President Barack Obama has requested China to URGENTLY take care of the excess capacity, because it’s a problem whose intensity is just growing day by day. Urgent actions are needed and this is something that the United States of America have been very clear to China.

Overproduction of industrial goods is a very big problem, more than some individuals realize. Because, just like many firms around the world have pointed out, this overproduction of industrial goods has been ruining local economies all over the world. This is something that has been denounced in the US as well as other countries.

China’s overproduction represents, according to many, an unfair competition because due to the low production costs, they are capable of introducing very-low cost products to foreigner economies and therefore competing in a level that most companies can’t.

Steel:

One of the biggest crisis faced by China has been its overproduction of steel. This crisis can be traced back to April, when China organized a meeting which was attended by 30 nations. The point is that the overproduction of steel is causing a lot of problems for many economies around the world.

And just like with steel, it can be also seen with different types of products. And it has been denounced by important personalities and institutions like the European Union Chamber of Commerce that China is not doing enough in order to fix this overproduction problem.

No Changes:

All seems to point out that China isn’t really doing much in order to deal with the overproduction issue. And this keeps getting denounced by institutions all over the world. It has started to affect different economies all over the world in an unfair manner.

For example, we can see the Peru’s example. There in Peru we can find Gamarra, one of the most important commercial centers in the whole country. Business owners and merchants have been denouncing how China has been introducing extremely-low cost products to Peru and this has been generating a lot of chaos and unfair competition.

Gamarra’s businesses are known for producing clothes of excellent quality, therefore they cannot compete with China’s product whose quality may not be able to compete, yet their price is way too low to go unnoticed by people.

And we can see this Gamarra’s example replicated all over the world. It doesn’t matter if in South America, North America or Europe. It’s important for China to effectively solve its overproduction problem, because it’s starting to cause a lot of damage that will be hard to fix.

Conclusion:

Till date we have not seen great efforts from the part of China in order to tackle this problem. We sincerely hope that after Barack Obama’s statement, China will start taking actions onto this issue, because the longer it waits the worse it will become.

That’s all for this article. If you liked it very much then it would be great if you could share it with your friends.