Ralph & Sue

For those who have extra money to spare, investing that money can be a pretty good idea. Here are some ways on how you can put your money to good use even with almost doing nothing:

1. Special Savings Account – This type of investment is just like your ordinary savings account but with higher interest rates. In these cases, a maturity date is stipulated as per agreement with the banks.
2. Marketable Securities (Shares of Stocks) – These are investments in shares of stocks of companies but which are intended to be held for only a short period of time. You get a profit whenever you sell the shares for a higher price (especially in cases where the market price per share increases in the stock market).
3. Investment in Bonds – These are investments in the form of bond certificates which may be bought at a premium (higher than its face value) or at a discount (lower than the face value). You earn profit through interest from the bonds or by selling the bonds at a higher price.

Here are some of the penalties if ever you forget to file or filed the incorrect (either intentional or unintentional) tax returns:

For unpaid taxes, penalty is ½ to 1% of unpaid taxes for each month or part of a month after the tax due date.  For filing late, penalty is 5% per month of net tax due up to 25%. If the tax return is late for more than 60 days late, the minimum penalty is $100 or 100% of tax owed, whichever is lower. For inaccurate returns, maximum penalty is 20% for underpayments that greatly understate income tax (underestimating by at least $5,000 or 10% of the correct tax).  Taxpayers who can show reasonable cause for not filing, for filing late, or for filing inaccurate returns may not have to pay the penalty.

And lastly, for fraud, the penalty is 15% for each whole and part month with a maximum penalty is 75%.

Branding is the task of giving a product or service a trademark or distinction among others. It is not just running advertisement campaigns for the product. Branding also involves thorough planning and understanding about a product. For your brand to be known it is good if you find something unique about the product or service.

Next is to know what market you would introduce the product or on what market it would be most appreciated. Know more about the market and the competition between your product and other product brands within that area. Next is to pick the type of advertisement that would best fit your product or service. This is the most crucial part in branding for it must take thorough research and proper strategies for it to have a great impact to the customers.

Bankruptcy in its most technical meaning is the defrayal of all the liabilities of a business, organization or a person wholly or partially for them to be able to meet all financial obligations. In business, bankruptcy is simply the downfall of your business. Though there are times that others recover after being bankrupt. It would be very hard for them to stand and establish a better business.

Bankruptcy can be avoided by staying out of debt. It may be so see to say but so hard to do. Staying out of debt is somehow impossible for others because they do not have proper strategies in handling the business. Proper strategies and long-term planning is the key for your business to be debt free. Assessing all your assets will help you in planning and making your business prosper and grow.

In our everyday lives we tend to negotiate. Like asking your parents to increase your allowance or requesting your boss for you to be granted a leave. Everyday you may be negotiating but you may never learn the skills of negotiation. Negotiations are very important in your business. It is your main tool in closing deals and winning some bids.

The first thing that you must learn when negotiating is to listen. Listen in every fact or opinion that the other party suggests. While listening, you must thoroughly understand the thing they want to say to you.. Remember that a negotiation is not argument. Always keep mind that you must also see the things that matter to them. In this way you will come up of better deals that would satisfy both parties

A mission statement is a company or business’s way of showing or telling his customers as well as its employees the values and qualities the business or company believes and promotes. But lets face it not all companies, employees or even employers practice these. A successful business can only be considered truly successful if it adheres to its mission statement as well as policies.

Business ethics is the main key for your business to truly succeed. Fulfilling the task and duties with the fullest of your abilities and skills would surely give your business a very good foothold. Always see to it that commitments with customers are met on time so that you may build a good impression towards them. Be very honest and transparent with your accounts. Never do fraudulent acts so that your customers will trust and become very loyal patrons of your business.

Advertising is one of the keys why businesses prosper and even better expand. But the trickiest part is to think what advertisement you can afford. The type of advertisement should be more attractive, unique and versatile to increase your competence in the business world. One of the oldest but the most effective way of advertising is the use of posters.

When you are just entering the world of business your posters should be focused on establishing the name of your business and must have leading edge attack to consumers. Your poster must create curiosity among customers for them to stop and take a look of what your poster says. When launching a new product your poster ads must be colorful enough to be noticed especially if the product you will sell would have a lot of competitors in the market.

Welcome! We are Ralph and Sue and we’ve been business partners for almost 10 years. We’ve decided to create a blog to share our knowledge regarding business, finance and economy and to share some of our personal experiences as well. Hope you will enjoy reading our posts. Bye!