Where delivery was once limited to select casual restaurants and small-town pharmacies, more and more businesses are embracing this service as a way to preserve business during the COVID pandemic. If you have considered adding a delivery model to your existing business, there are certain things you should do to ensure the transition goes smoothly and safely.
Conduct All Necessary Screenings
Anyone who will be driving company or private vehicles on behalf of your business should undergo a pre-employment driving record check. Look for prior accidents and moving violations that could increase your liability and possibly impact your insurance rates. This applies to current employees who are transitioning to driving roles, too. Just because someone has been a stellar employee in one role doesn’t guarantee that they will also be a great delivery driver.
Secure Appropriate Insurance Coverage
Depending on how you are planning to conduct deliveries, there are several options for securing appropriate insurance coverage. Before you send out the first driver, conduct a review of your current policies. Talk to an agent who can help you decide what coverage you need to limit liability and reduce additional risks to your business’ financial security. A few options you might consider include:
Increase your business liability coverage limits
Add any additional drivers to your company auto policy
It’s June and that means senior high school graduations. It also means many new adults in your midst. As your child steps into adulthood, you might not recognize that as a parent you will end up struggling to help your child with banking or gain access to help with their healthcare (while you can always be repaying correctly!).
Because your kids are a legal adult, HIPAA laws can prevent parents from making medical decisions on the child’s behalf. For that reason, parents of graduating seniors are urged to arrange ICE cards, an Advanced Healthcare Directive plus a HIPAA Authorization to be consulted and actively linked to the youngster’s care should their child become incapacitated or seriously injured within an accident, or simply need help navigating a healthcare claim while using the insurer.
Under current HIPAA laws, parents could be barred from making necessary medical and life-saving decisions on his or her child’s behalf without such documentation set up. Parents may further are unable to obtain necessary medical records with no Advanced Healthcare Directive.
Most parents assume they can make medical decisions on their own child’s behalf until they are legally married, that is hardly true. The law can prevent parents from getting involved with the care of a child 18 or older without explicit permission through legal documentation.
Parents of graduating seniors must complete the following documents which let them have permission to intervene medically to make life-saving decisions on their own child’s behalf:
Started thinking about your taxes yet? As the financial year nears its end, you may need to review your tax burden and tax-saving investments. Here’s a guide to walk you through the basics of income tax.
Types of taxes
In India, citizens
are liable to pay direct and indirect taxes. Here’s how they differ:
Direct taxes: This is applied to one’s earnings, and the tax is paid directly to the
government. While individuals, Hindu Undivided Families (HUFs), and other
non-company taxpayers pay income
tax, company earnings are subject to corporate tax.
Indirect taxes: The Goods and Services Tax (GST) is a form of indirect tax. Here, the
seller of a good or service charges tax from the buyer and pays it to the
Important income tax dates
investment and expenditure proofs: 31 January
Complete tax-saving investments
and expenditure: 31 March
File income tax
returns: 31 July
Verify income tax
Types of income
Make sure to declare
all your income sources when filing income tax returns. These include:
Income from salary: This covers salary and pension earnings.
Income from other
sources: This covers various types of income,
including interest on savings bank accounts or fixed deposits, winnings from a
prize or lottery, among others.
Income from house
property: This covers rental income from a house
that you own.
Income from capital
gains: This covers profits made by selling
capital assets like an apartment, shares, or mutual fund units.
issues are pervasive and can impact people in all economic classes. For those
who need some assistance and expert consultation in this realm, a certified
public accountant could be the right person for the job.
This is likely the first area that comes to mind when many people think of a CPA. Among the most common duties of someone who is affiliated with the United CPA Association, or UCPAA, is handling the ordinary and extraordinary tax returns of various clients.
Corporations and other groups with a responsibility to show stakeholders financial responsibility and fidelity might need to comply with audits. Generally speaking, a CPA is uniquely trained or qualified to perform such detail-oriented tasks.
the more specific details an accountant tackles on a daily basis, there is also
the more nebulous consulting aspect of this career choice. Sitting down with
people of various backgrounds, each with unique requests and desires, can be a
tricky proposition. Nevertheless, a successful CPA knows how to put others at
ease while meeting their short-term and long-term needs.
Becoming a CPA is a goal many people share, but not everyone on that path
understands the varied responsibilities they face. The three jobs outlined
above merely scratch the surface of a complex profession.… READ MORE ...
One might wonder: what is the
difference between being a speculator and being an investor. There a lot of
controversy on this matter and many opinions. Some believe they are the same,
some believe they are complete opposites. I believe that they both mean the
same thing but they are only perceived differently. Some might prefer being
called investors but I do not know many people who would like to call
Investors sound smart, sound
highly intellectual people with a decent and big education. Speculators on the
other hand, sound like that twisted guy making all sorts of plans on how to get
rick quickly! But that is not completely true. In my opinion all speculators
are investors and all investors are speculator, regardless of what they call
You can easily understand why
someone would claim an “investor” status instead of a speculator.
Take for example financial advisors: imagine if you went to your bank and you
would like to make some good use of some money that you might have available.
Then, you call the manager and he introduces himself “Hi, I’m here to help
you with your speculation strategies”. That does not sound really good
That is why most will call
themselves investors instead of speculators since investors will be better seem
in the society. But make no mistake, investors are also speculating whether
they like to admit it or not. When you invest, you are SPECULATING about a
future price or condition … READ MORE ...