• General Articles

    Tax Implications of Captive Insurance

    Captives insure risks that would otherwise be uninsurable or difficult and costly to insure. They are typically owned by those they insure. Corporations start captive insurance companies for the significant financial benefits and risk mitigation they offer. However, captives have tax implications.

    Estate Planning

    Did you know that your heirs can be owners of your captive? When a company pays its premiums, the capital accumulates in the captive. If the company owners will their captive to an heir, such as a child or grandchild, those assets pass to the heir. In addition, if no incident occurs, the heirs receive 100% of the captive’s capital and assets, and this distribution is tax free.

    Tax Shelters

    Captive premiums are not considered taxable income. However, a captive must receive at least 50% of its premiums from a third party that is not in the same industry or it must have at least 12 insured individuals who each hold at least 5% of the risk because the IRS requires the risk to be sufficiently distributed.

    In addition, companies are able to deduct the premiums they pay even though they are paying them to a subsidiary. As the captive’s assets grow, some of this capital can be disbursed among the owners as dividends, which have a much lower tax rate than income.

    IRS Audits

    If a captive is small and offers poorly designed policies for risks that are covered by the commercial insurance industry, the IRS may see the captive as an abusive tax shelter. They will also investigate companies that charge excessive premiums, especially if these companies purchase coverage with traditional insurers for an economical rate.

    Micro-captives that charge premiums in the exact or close to the amount of money companies need to reduce their tax burden for a year are also being investigated. In addition, profitable companies with annual premiums that are higher than $1.2 million are being regularly audited.

    If you have risks that cannot be or are costly to insure, consider starting a captive. However, learn about the tax implications and be prepared for annual audits.…

  • General Articles

    Facts About Eyeglass Lens Manufacturing

    Have you ever wondered how eyeglasses are made?  Somewhere between the eye exam and picking up new glasses, a very detailed manufacturing process takes place.  In the end, the eyeglasses will be clear, and with just the right curves for your prescription.

    Raw Materials

    In the middle of the 20th century, glass lenses were most popular, but today, the lenses of most eyeglasses are made of plastic.  Lens “blanks” are plastic pieces made by optical laboratories that are similar in size to eyeglass frames.  The blanks are used in the manufacturing process to create prescription eyewear.  Various other materials are used in the process, such as alumina powder for polishing lenses.

    Manufacturing Process

    The first step in the manufacturing process is to insert the lens prescription into the computer and then select the correct plastic lens blank.  Next, the blanks are put in a lensometer, which locates the point on the lens that should be centered over the wearer’s eye.  Adhesive tape is applied to the front to keep it from getting scratched while a block is fused on, which is called “blocking.” Then, each lens is put in a grinding machine that is programmed to the prescription, so the appropriate curve is ground into the back of each lens.

    The lenses are then polished through a multi-step process that involves several increasing fine polishes, sterilization, and a final check to make sure the lenses have the correct prescription. Beveling begins when the lenses are inserted into an edging machine that grinds them into the right shape for the frames and provides a beveled edge. Finally, if a leans treatment is part of the order, the lenses are dipped into the appropriate product, and inserted into the frames.

    The making of eyeglasses is a complex process.  Even with the use of plastic lens blanks, machines, and computers, creating a pair of prescription eyeglass lenses requires attention to detail.…

  • General Articles

    Remember These Simple Tips When a Smartphone or Watch Needs Repair

    The high-tech gadgets many people rely on for a variety of daily tasks can be invaluable. Of course, they often come with a steep price tag and repairs can be quite costly. For that reason, it is important for consumers to not only treat smartphones and watches with care, but to know what they should do in case something goes wrong. From a software issue to a cracked screen, there are countless reasons service might be necessary. If you or someone you know is in this situation, keep reading for some helpful tips.

    Understand the Issue

    While not even the most tech-savvy customer will understand the intricate workings of such devices, everyone should possess a working knowledge of the potential pitfalls of owning one. If something happens, it will almost always be necessary to seek professional assistance from iPhone watch repair Odessa TX. Knowing as much as possible ahead of time, however, will lower the risk of being taken for a ride by an unscrupulous service provider.

    Find the Right Team

    When the time comes to choose a repair shop or expert, start with a quick web search. There are likely several options in the general vicinity, and some might offer virtually identical services. Check for recommendations and reviews from previous customers to pick the most appealing business.

    Learn the Lessons

    Even if a malfunction is no one’s fault, there is still probably something of value to take away from the experience. From backing up important documents and contact information to keeping a device protected with an impact-resistant case, consumers must take all appropriate precautions to avoid potentially expensive repairs down the road.
    Few people can even imagine facing the world without the convenience of a smart device. When problems arise, as they inevitably do, take care of them quickly by following the guidelines above.…

  • General Articles

    3 Uses For Computers

    Millions of people use computers in their daily lives to perform a variety of tasks. For some people, they use computers primarily to unwind and play games, while others use them strictly for work purposes or to stay connected to family and friends.

    1. Gaming

    Computer gamers can pick between the thousands of computer games that are available in many different genres. People who enjoy playing the latest and most impressively designed games often like to build their own computers. They select all the parts, from the video card to the computer ram Allen TX in order to optimize performance.

    2. Work

    As working from home gains in popularity, so does the number of people who use either personal or work provided computers to complete tasks. Most freelancers who work remotely use their own desktop or laptop to do work for clients, but those who do not have reliable internet access may go to a library or internet café. Computers enable people to perform many jobs quicker and with less effort. For example, accounting programs automatically calculate and compare spreadsheets to find errors, brochures can be designed and emailed out and instructions can be given in the form of easy-to-follow videos.

    3. Socializing

    The advent of social media platforms has transformed the way that people keep in contact with their friends and family members. Sending instant messages, emails or publicly posting are great ways to stay in touch with people quickly and easily. Using online platforms that use webcams and microphones is a more personal way to connect with people and provides people with a closer connection than just typed words.

    Computers have enriched people’s lives all over the world. Technology brings people together who would ordinarily never have met, and they are able to learn from each other about different perspectives and ways of life through work, play and social networks.…

  • General Articles

    Why getting an AWS accreditation is significant for your profession?

    Amazon offers pretty much everything to shoppers these days. With only a tick of a mouse (or a verbal order to Alexa), you can have any number of things conveyed to your home in only two or three days — or even that day. Amazon likewise offers cloud items and different administrations through its AWS (Amazon Web Services) stage. From content conveyance to database relocations, AWS has become a one-stop search for some, organizations searching for answers to help their organizations run all the more productively.

    What is the AWS Certification?

    Regardless of whether you’re simply hoping to extend your insight with an industry-perceived accreditation, or you’re wanting to get an AWS work, getting confirmed is an absolute necessity. There are a few distinct sorts of AWS Certifications accessible, contingent upon your requirements and objectives. Before taking an AWS test for your Certification, notwithstanding, it is imperative to get the most ideal preparing so you can pro your test the first run through around. Dumpspedia offers DAS-C01 Practice Exam Questions 2020.

    For what reason do you need an AWS Certification?

    Contingent upon the business they work in, experts ordinarily battle with this choice. It’s an inquiry they pose to themselves frequently: Should I get formal preparing through a training program, or will the hands-on experience be adequate? All things considered, trying out a training program requires significant investment and costs cash. It’s imperative to assess the requirement for cutting edge preparing in the specific field you’re keen on. Dumpspedia also offers the latest certification Like Google, Hp, DELL, Juniper, and much more.

    In case you’re not kidding about a vocation in IT and distributed computing, getting affirmed is energetically suggested. Getting your AWS Certification, specifically, can assist you with standing out among the opposition. Not exclusively would it be able to assist you with getting a new line of work when all is said in done, however it can assist you with finding a more lucrative line of work? It’s unquestionably an interest in your future that merits making.

    Significant advantages of getting an AWS accreditation

    As a rule, gaining accreditation can give some immense focal points. In case you’re wavering about getting your AWS Certification, think about a portion of these significant advantages:

    AWS specialists are sought after

    Amazon controls 33 percent portion of the distributed computing market, which is multiple times more than probably the greatest contender, Microsoft. Moreover, AWS is at present accomplishing year-on-year development of 43 percent, which shows that they’re probably going to overwhelm the distributed computing market much more later on. With these various numbers mind, there’s no denying that affirmed AWS specialists are sought after.

    AWS Certification can be simpler to acquire than other Certification

    Acquiring an accreditation can be difficult work, regardless of what you’re getting confirmed in. Be that as it may, with regards to AWS Certifications, it may not be as troublesome or tedious as other tantamount Certification. On the off chance that you’ve just got a full plate, however, you likewise have a desire and need to advance your preparation in an innovation field you’re energetic around, an AWS Certification can be the ideal trade-off.…

  • General Articles

    Why You Should Buy Office Equipment From a Dealer

    When you buy new office equipment, your goal is to have it around for several years. If you purchase from a big box store, your options are limited especially if there’s a malfunction. Instead of buying the same machine over and over again, stop the madness. Here are four reasons you should buy from a specialized office equipment dealer.

    Support and Service

    If you buy from an office equipment dealer, you get unparalleled support and service. Instead of calling a random help number and finding yourself lost in the automated loop, buying from copier sales and services Jackson MI gets you a live person who will actually repair your equipment. Servicing your machines quickly keeps your business up and running.

    You’ll Build Rapport

    Doing business directly with a local dealer builds rapport. This affiliation can work to your advantage whenever you need service or a new product. A good business relationship can inspire a dealer to work with you on pricing and expert advice in the future.

    Better Variety

    Everyone knows that when you buy from a chain store, you’re limited to what’s on the shelf. In contrast, if you buy from your favorite dealer, you’ll be privy to dozens of different products and models you otherwise wouldn’t have known about. This selection will help you choose the very best style of equipment for your needs.

    You Help Local Business

    Buying from a local company is just plain good for business. In supporting your friends and neighbors, you’re keeping your tax dollars local. In return, you may also gain customers for your own business. Buying locally when possible is always the best policy.

    It Makes Sense

    Doing business with an office equipment dealer makes more sense. Besides finding more variety, you’ll save money when you can repair your existing equipment instead of throwing it away. That’s better for your pocketbook and for keeping your business running smoothly.

  • General Articles

    Moving to a New City? Here’s How to Plan

    If you’re looking to put down roots in a new city, think about what you’ll need to do to feel settled. You’ll want to address these 3 things as you make your plans.

    Find a Job

    Unless you’re big on taking risks, you’re going to want to secure new employment before picking up and moving to a new town. If you already have connections in the city you’re moving to, reach out to them for leads on where to apply. If you’re going in cold, check resources like online job listings or consider using services like the best staffing agencies Boston or organizations near you.

    Find a Home

    Often when you lock down a position your new company will want you to start immediately. That can put you in a pinch for finding a place to live, so temporary housing may be a good option. Online marketplaces can be a great resource for monthly rentals that will put a roof over your head without requiring a long-term commitment. Being in a temporary residence gives you a chance to check out areas of town you’d prefer to live in permanently.

    Find New Connections

    While you may be lucky enough to already know a few people who live in your new town, you’ll probably want to make more acquaintances. Meeting locals is a great way to learn about the place you’ve now chosen as your home. Getting involved with a volunteer organization or joining a sports team or religious group can help you connect with like-minded individuals. It’s a good idea to participate in an activity you already enjoy so you can confidently engage with others.

    Moving to a new city might be challenging, so have a plan in place for finding your feet. Then you can enjoy getting to know your new town.…