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Are you thinking of hiring overseas-based employees? Whether you are operating an overseas branch of your own business or looking for specific skill sets that aren’t readily available here at home – there can be benefits to hiring overseas employees, but there are also challenges.
Note: This article is by Kathleen Sebelius, Secretary of Health and Human Services and was first published on the official blog of healthcare.gov .
Since the Affordable Care Act became law in 2010, health care cost growth has been lower than in the past – and lower than was projected when the law passed almost three years ago.
When the President challenged the nation to double exports in five years, U.S. government agencies started working more closely together to make it easier for businesses to access foreign market opportunities and for lenders to provide the financing that exporters need.
More than half of all U.S. businesses are based out of an owner’s home, and with this year’s tax season deadlines fast approaching, you may be wondering if your business qualifies for the deduction.
To help business owners understand more about this important deduction, SBA sat down with IRS tax expert, Phyllis Grimes, about what is and what isn’t deductible. This interview is part of a series of short online videos hosted on SBA’s Small Business Learning Center, which offer tips and facts about all aspects of business financing.
Here’s what you need to know.
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Have you considered the potential for selling your products or services outside the U.S.? Your local Small Business Development Center (SBDC), an SBA resource partner, can help you get started.
The many international trade services offered by individual SBDCs vary, but most often include:
Product/Service Readiness: Â Determine if your products or services are suitable for export, and what product adaptations may be required.
Export Readiness: Learn if your company meets the key export readiness factors or, what you need to do to become ready.
As I covered in my pervious blog,  How to Get Paid for Your Export Sales, each of the four international methods of payments which include cash-in-advance, letter-of-credit, documentary collections and open account can have an impact on your company’s financing needs when filling overseas orders. Those needs can be broken down into either pre-shipment or post-shipment working capital.