December 1, 2020

Everyone agrees we need economic growth, but we cannot agree on how it can be achieved. There are two fundamental approaches the government can take.

The first is through more public spending, which would put the country into even more debt. In the short term, while interest rates are low, the problems of this are not so severe, but the long term impacts are a different story.

The other option is to stimulate the private sector with lower taxes and eliminate red tape.  However, deregulation takes time to implement whereas the positive effects of reducing business taxes are immediate. The best and most immediate action the government could take to put a proverbial rocket up our economy is to scrap corporation tax in its entirety.

Lance Forman, Vice Chairman of the Independent Business Network (IBN) sets out 10 reasons why the Government should scrap corporation tax:

Employment

If a company … Read the rest

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Though he may never publicly admit it, Donald Trump effectively conceded the 2020 presidential election on Monday, when his federal government’s General Services Administration finally signed off on the transition to President-elect Joe Biden’s incoming regime.

With a constitutional crisis, for now, averted, there is much speculation on what the future will hold for Trump. Whatever follows his remarkable, unprecedented four-year term in the White House, it’s hard to envisage him settling into a quiet post-presidency—perhaps one spent designing his presidential library and keeping quiet on his successor’s job performance.

What’s clear is that he leaves Washington much as he arrived: a divisive, polarizing figure who, despite losing a national election by millions of votes, retains a fiercely devoted following among segments of the American electorate. A new Read the rest

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This is such a precious day that just by the thought of it, it calms our nerves and fills our heart with gratitude for all the good in life. Grateful heart gives no resistance to the natural flow of grace and wonderful blessings. Gratitude is heaven in itself. Thanksgiving is a day to truly feel grateful for all the precious things and people that we all are blessed with. Gratitude is such a divine virtue that no other divine virtue could exist without it.

History of Thanksgiving dates back to 1621, when the pilgrims’ first corn harvest proved victorious. During that time with spirit of gratitude, the governor organized a celebratory feast. Every year, Thanksgiving Day is celebrated on the last Thursday of November from 1863 when the prevailing president declared it. This year’s Thanksgiving Day is on November 26.

This annual holiday of Thanksgiving gives us an opportunity to Read the rest

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The Philippine peso, which lagged its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.

December is a seasonally strong month for the peso, with the currency gaining in the period in five of the past six years. It is also the month when remittances, which totaled more than $30 billion in 2019, reached their highest levels for the year since 2009.

“With increased unemployment as a result of the pandemic and the impact of the typhoons, we expect extra remittances in order to support families at home,” said Wouter van Eijkelenburg, an economist at Rabobank in the Netherlands. “This would support the strength of the peso.”

The peso will edge higher to 48.08 per dollar over the next three months, according to Read the rest

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More than 95,000 newly incorporated business could join the quarter of a million firms that failed to meet recent Companies House accounts deadlines this year, following a record boom in new business registrations.

According to official government figures there were 397,135 new incorporations in Q2 and Q3 2020 combined, with HMRC reporting that one in four businesses required to file a month-to-date VAT return failed to do so on time, as well as more than a quarter of a million companies missing the September accounts deadline.

The proportion of business that fail to meet the important filing deadlines may also increase due to the added pressures of Covid, despite deadline extensions, as business owners and directors deal with the pressures of running a business during the pandemic.

Simon Wallwork, Partner & Head of Corporate and Commercial at Slater Heelis, said: “The pandemic and resulting rise in redundancies have accelerated … Read the rest

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The Centers for Disease Control (CDC) is now widely expected to revise its recommendations for COVID-related quarantine. The twist is that it’s actually good news from the public’s perspective, with the possibility that recommendations could come down to anywhere between seven and 10 days for a self-imposed quarantine rather than two full weeks.

Currently, requirements are fairly stringent, with the CDC recommending a 14-day quarantine for anyone exposed to a person with coronavirus even the exposed individual tests negative themselves. That may be prudent but it’s also a logistical mess. It isn’t exactly easy or enforceable to keep people confined by themselves during the holiday season.

So why would the CDC change its cautious stance right now, especially given the surge in the COVID pandemic and upcoming holiday weekend? Officials such as CDC director Robert Redfield and one of the agency’s COVID-19 response leaders, Henry Walke, along with other public … Read the rest

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Business leadership principles are important for any leader of an organization. What are the biggest regrets you have in life? Well, I have three biggest regrets in life and I am sharing those in this article. Read it and learn from my mistakes. Hope this can act as a guide for you. Angie, I think my first comment may have gone to your spam folder, but I also want to know what GreenMind meant by so many people think that blacks don’t have the same human tendencies as the rest of us. I wouldn’t count anyone who thought like that as part of my life in any capacity and I don’t know anyone else who would either. In a marketing pitch for one pot-based product, called Foria, a woman identified as “Anna, 29” says: “Foria is potent medicine and the most healing way I have ever used cannabis.” It’s not … Read the rest

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In my experience and research, I’ve found that viral marketing can be a positive or negative advertising method. But as with the Berlin march, new restrictions have often run into opposition as public frustration grows over curbs on social life, mask requirements and business shutdowns. The current and future projections of your business financial performance. In short, every financial plan should focus on the following key components. The capital requirements should reflect on how much money you need to raise, how are you going to use the money or how much you need from investors. Assumptions in terms of growth or internal components of your business should always be backed with strong evidence and experts opinions. The income statement as the forecast of your business for the coming three to five years and the balance sheet generally prepared by your accountant. And finally, the cash flow statement showing weather your … Read the rest

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In her late 20s, Daria Halchack managed to found her own company, Gipnetix PTE. LTD., in the middle of a global pandemic. Gipnetix is ​​an online learning platform that will bring your personal and corporate brand development to new heights. The platform also helps social media marketing specialists advance in their careers and improve the performance of their ads. Business owners can benefit from the knowledge available on Gipnetix as well. 

Prior to launching her own business, Daria already was an influencer with over 200k followers on Instagram. Despite her now devoting most of her time to running her business, we’ve managed to talk to her and ask more about her success story as well as advice for today’s influencers and starting entrepreneurs. Daria’s story is a perfect illustration of the power of smart business planning and implementation.

At what point you’ve started thinking about creating Gipnetix? Did someone Read the rest

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Rishi Sunak is to acknowledge that the coronavirus pandemic will lead to a steep rise in long-term unemployment today when he announces a £4.3 billion package to help the jobless.

The economic devastation will be made clear in a series of forecasts published by the Office for Budget Responsibility (OBR) alongside the Whitehall spending round. The Resolution Foundation, a think tank, has suggested that the central forecast will show a permanent reduction in GDP of 3 per cent, equivalent to £1,000 a head.

Government borrowing will be close to £400 billion this year as public spending jumps above 50 per cent of GDP, a level not seen since the Second World War, and the national debt reaches a 60-year high. However, updated GDP forecasts will show that the economy is on track for a V-shaped recovery. After a shrinkage of about 10 per cent this year, the deepest recession in … Read the rest

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