Audit ready? Five steps to avoiding IRS nightmares

  On average,  1% of all taxpayers   or over 1 million Americans will face an audit. The more income you earn, the higher your likelihood of receiving that unwanted inquiry from the IRS. So what are the odds of hearing from the IRS? Individuals making between $200,000 and $1,000,000 have a 3.2% chance of being audited. Compare this with the  17.2% audit rate   of those who rake in over $10,000,000 per year. While the thought of having the IRS storm your castle may send s...
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The dominium of domains

The domain name industry has come a long way since the .com era of 20 years ago to become a very lucrative business with domain investment, flipping and brokerage worth millions of dollars. The highest one-off sales prices achieved so far are $30.18 million for www.privatejet.com in 2012, and $35 million for www.vacationrentals.com in 2007. And it’s an industry that continues to grow with the plethora of domain name possibilities with new domain name extensions coming on board all the time. Chin...
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What’s so smart about a Smart City?

Caption: Smart Cities. Photo: yayimages If the 19th and 20th centuries were about empires and nation states, the 21st century is the century of the cities and communities. According to The United Nations , the world’s urban population will increase to 6.400 in 2050 (up from 3.400 million in 2009). The role of cities will be critical to meeting the great challenges of the 21st century: climate change, social equality, urban development, sustainable mobility, economic development and greater citiz...
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Seven tips for building a good social media presence

Caption: Social media presence. Photo: yayimages There's a lot of pressure nowadays for businesses to be on social media. While social media can be very useful for expanding a business and engaging with clients and potential customers, careful navigation is needed to avoid getting lost in the sea of channels and to choose the ones that work best for you.These are our suggestions for creating the best social media strategy: 1. Define your goals The first step is to focus on why you want to create...
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What makes a social entrepreneur?

Social Entrepreneur. Photo: yayimages   The trend for social entrepreneurship is growing, but what qualities are associated with social entrepreneurship? We delved into the topic and discovered that social entrepreneurs share similar traits: They are self-critical “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.”   - John Calvin Maxwell  Social entrepreneurs tackle their mistakes head on. If they steer off course...
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