BusinessEurope is organising a forum on the European Commission’s proposed digitalisation of the VAT reporting system and the resulting impact on businesses’ operating fashions and day-to-day compliance. The occasion goals to provide insights into VAT compliance processes and lift consciousness on the… Two leaders of a Cedar Rapids tourism board have been ordered to serve time in federal prison for defrauding a financial institution to assist a music festival that misplaced $2.three million. Aaron McCreight, the previous CEO of GO Cedar Rapids, was sentenced to 18 months and Douglas Hargrave, the former chief monetary officer, to fifteen months. In one common rip-off, you might be tricked into paying to begin your personal internet business. These scammers will hold asking you to send cash for more companies related to this fake business opportunity.
Having a business name doesn’t separate the business entity from the proprietor, which implies that the owner of the business is accountable and liable for money owed incurred by the business. If the business acquires debts, the collectors can go after the proprietor’s private possessions. A business construction does not permit for corporate tax charges. The proprietor is personally taxed on all revenue from the business.