As with every other year, business owners around the United States have to learn about the new business tax changes that will come into effect for 2014. When learning about these amendments to tax laws, it’s important for you to understand that not all of these changes will directly impact your particular business. Some of these tax modifications will only effect people in the highest tax brackets while others may actually be helpful to your business. Either way, it’s advisable to take some time to learn about these changes so you can prepare your taxes accordingly.
Federal Income Tax Increase
As of the 2014 tax season, the federal income tax rate for businesses and individuals earning $400,000 or more jumped from 35 per cent to 39.6 per cent. This is the highest base rate that can be applied to income in the United States. Of course, it should be made clear that the 39.6 per cent is not set in stone as there are many tax credits and benefits that can be applied for depending on a number of different circumstances. Marginal increases may apply to businesses and business owners in lower tax brackets, but it depends on a number of factors.
New Medicare Tax
For businesses that are heavily involved with investments, there is a new tax on the books that you need to know about. It’s known as the “Medicare Investment Tax” and it applies to all investment income you make throughout the year. The tax is 3.8 per cent of the total income made through investments and it is added onto the new capital gains rate that was passed down this year. Last year, capital gains tax held steady at 15 per cent. This year, the capital gains tax has risen up to 20 per cent not including the Medicare tax. With the Medicare tax applied for investment income, the total capital gains tax liability of the average business will be 23.8 per cent.
Tagged under:business, Business Tax 2014 small businesses
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We are happy to be able to announce that a new version of the maps we display for each business, company and organisation on the site has been completed and went live earlier today.
The new maps leverage the power of google-maps to display each location in a clearer way, with a shorter loading time. In response to the way we found many visitors were using the site, we’ve also changed the way the site works slightly so that users who click to ‘See a larger map’ now go directly to a page designed for printing. These pages display just the vital contact information about the company underneath a good-sized map that can be adjusted by the user or immediately printed.
We hope that the businesses on Bizwiki and the tens of thousands of people who use the site every day find these changes useful. The new system has been thoroughly tested, but as always any errors or location discrepancies can be reported here. http://www.bizwiki.co.uk/contact.htm
Thanks, and we hope you continue to find Bizwiki useful.
Since its launch in 2007, Bizwiki has been considered an important place for local businesses to be listed. This is not only for the traffic Bizwiki can drive to a business but also because Bizwiki provides business information to the ever popular Accessplace.com as well as several other local UK directories like TownPages.com and BritishServices.co.uk.
On yesterday’s Top UK Citation Sources for local businesses compiled by Smart Local, (click here) Bizwiki, Accessplace and TownPages.com take 3 of the top 30 slots.
We are of course grateful to the author of the list and honoured to be included, especially since it means we are keeping our place in the “top citation sources” lists for a fourth consecutive year.
In 2012 Nyagoslav Zhekov of NGS Marketing reviewed a number of published “top citation source” lists and assigned points to the sites based on how many times each was mentioned. Bizwiki.co.uk was ranked number 6 out of more than 30 UK local business sites.
In 2011 Bizwiki was featured as an “extra-important” site on LocalVisibilitySystems’ Top UK Local Business Directories list.
In the same year both Bizwiki.co.uk and Accessplace.com appeared on Bright Local’s Top 50 UK Citation Sources list.
And in 2010, Mike Blumenthal featured a guest post by Myles Anderson which jointly listed both Bizwiki.co.uk and Accessplace.com as number 8 in the Top 10 UK online business directories.
Both sites also appeared on Cylex UK’s 2010 list of 28 Online Business Directories.
We are happy to have received these commendations, and more importantly hope that our users continue to find Bizwiki to be a useful resource when searching for any local companies, business and charities.
Tagged under:bizwiki, BizwikiBot, free business directories, local search, marketing, online directories, small businesses, small businesses submission
The report an error form hasn’t been working for the last few days which meant that you couldn’t submit an udpate request. It is now fixed so please feel free to submit from the Report an Error link that is on every company listing page on both Bizwiki and the sites that use Bizwiki’s data.
Please do not submit update requests from the contact form or via email. We can only action update requests that are sent using the Report an Error form.
In an effort to streamline the editing of records on Bizwiki and ensure that vital changes are actioned and go through to the live site fast, we are making some major changes to how records are submitted and reviewed.
The “Add / Edit a Record” functionality will soon be consolidated into the ‘Report an Error’ feature. This has the benefit to users of not requiring them to register for an account and log in to be able to request a fix or report an error with an existing business record, and will streamline the processing of records by editors by having only the important fixes come through to them.
We have had a great deal of success in adding and compiling business records using our fine-tuned Bizwiki Bot Spider, and new company records will be added to the site periodically at regular intervals. We will also be adding additional depth to existing records using the same technology, with human editors getting involved where required.
The result of this should be fewer features immediately available to users to add and edit records on the site, but a faster response rate to any required fixes and edits to existing records. We also anticipate the process of requesting important changes both being made easier for visitors, who will now be able to do so without any registration being required, and a reduced workload on our editors who put so much effort in to staying on top of it all.
This is a step in the evolution of the Bizwiki project, so while some users may miss some of the functionality that is being retired we hope that you will enjoy the faster response times, periodic automatic updates, and continue to use and benefit from the site.
If you’re looking for a nice and simple New Year’s resolution that might be able to help make a lasting impact, consider opting out of the delivery of physical phone books and yellow page directories.
More and more people are finding the vast majority of their information about local businesses online, so if you aren’t finding yourself actually making use of the yellow page book you might be happy to hear it’s now easier to opt out of receiving it on your doorstep.
It’s wishful thinking to ever expect the directory publishers to ever make it opt-in, but thanks to a few websites you can now at least ask for the huge books not to be sent to you. If you don’t use them and find they tend to make a short trip from delivery to the recycling bin, there’s no better time than New Years to decide to do something about it.
According to YellowPagesOptOut, “Why do we want to help you manage your directories?
Because we understand that delivering unwanted directories doesn’t benefit anyone. All participating companies must follow the guidelines in our Commitment to Consumer Choice. And in 2007, we adopted Industry Environmental Guidelines, which calls on all members to be more environmentally responsible in their business practices. “
United States http://www.yellowpagesoptout.com/
United Kingdom http://www.stopjunkmail.org.uk/guide/paper_directories.php
And have a very Happy New Year!
We are happy to be able to announce that the Bizwiki project passed another milestone at the end of last week, when our 150,000th Editor registered on Bizwiki.co.uk.
This means that there are now over 150,000 people who have signed up to Bizwiki to help edit, add, correct and improve business information on the site.
Millions of people access and use the information on Bizwiki and the other sites it powers every month, so this is a great time to say thanks to the many users who are helping make this site the useful resource that it is. In a testament to the power of collaboration, we are seeing more improvements every day to the width of coverage of the business community but also to the depth of information about the individual companies that compose it.
The Bizwiki site is built around a self-organised and collaborative community that any of our users are invited to join. Rather than the usual experience of just reading what a website has to say, everyone is invited to actively participate. Users can help produce for themselves the best and most comprehensive index of businesses on the web, or the most detailed index of companies in their town or even street.
If you’d like to join in, add a company or update any of the information on the site, just click the Create Account link to become a Bizwiki Editor.
The latest version of Bizwiki has just gone live –and it’s a record breaker!
This new update to the site was a colossal undertaking, combining updates submitted by many of the site’s users and manual changes made by the editorial team over the last few months with a huge update across all categories of business using the Bizwikibot spider. The result is not just more up-to-date company records, but a greater depth and breadth of business information is now available to our site’s users than ever.
A grand total of 4,936,758 existing businesses on Bizwiki have had their information edited and updated. This includes manually added content, address changes, telephone and contact detail updates and map location changes.
A remarkable 5,068,071 new businesses have been added to Bizwiki, in many cases completely with in-depth information. This means that the site is now larger and covers the country more comprehensively than ever.
1,367,582 of the old businesses on the site have been marked as obsolete and deleted. This includes businesses that have closed down over during the last couple of tumultuous years, but also companies that have transformed, been renamed or relaunched in new business categories.
There have been a number of dedicated people involved in these updates, changes and the reorganisation over the last six months, but the lion’s share of the credit has to go to our Chief Technical Architect Keith Hinde, who has really pulled out all the stops to make this happen.
And of course, we’d like to say a special thank you to all the many visitors who have helped by adding, editing and increasing the amount of useful information on the site. That especially applies to business owners and representatives who have pitched in to help improve the online profile of their own companies – nobody knows your business better than you, and on the behalf of the Bizwiki team I’d like to thank you for sharing your knowledge with all our site’s users.
Work is underway on a huge update of business records across the site.
This is a giant project involving changes and additions across hundreds of categories of business and hundreds of thousands of companies, and involves manually submitted entries added by our users and editors, updates from databases and detailed information gathered by our BizwikiBot spider.
We expect to have the new version rolled out across the site soon, and hope that it will help Bizwiki be an ever more useful resource for our many visitors and users.
Watch this space for more information!
We are pleased to announce a huge update of Bizwiki UK’s index of companies and information has been completed. Consisting of tens of thousands of user-edited records and new additions that have been hand-processed by our editorial team and more than quarter of a million records being updated or having additional information added to them by our BizwikBot spider, this is a major update and should result in even better depth of information across the site.
There is now the grand total of 1,412,330 businesses in the Bizwiki UK database, and thanks to the submissions our registered users and visitors are making this is a number that continues to grow.
A large part of the credit for the quality and depth of information in this update goes to Bizwiki’s Chief Technical Architect, Keith Hinde, who has been slaving away on this piece of work for more than half a year. On behalf of the site’s editors and users, thanks for your tireless efforts!
Thanks also to the many users and editors who have continued to add high-quality and detailed information about the companies they know, helping make Bizwiki a useful and popular business resource for all our visitors.
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