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How To Apply For An Oregon Tax ID

New Oregon Businesses

 

Many people are choosing to start their new business in the state of Oregon. If you are one of those people, this information is for you. One of the first things your new business will need is a tax id number. So let’s find out how to apply for an oregon tax id.

 

What Is A Tax ID Number and Why Do I Need One?

According to the Internal Revenue Service website, an individual tax identification number, or ITIN, is required for anyone who needs a U.S. taxpayer number, and doesn’t have a social security number. However, new businesses will need an employer identification number, or EIN, which will be used to identify your business for all tax purposes. In this article, we will mainly discuss getting an EIN for a business.

And remember: Taxes are important!

 

  1. First of all, individuals anywhere in the United States with internet access can visit the IRS website and fill out the free application to get a tax ID number. Under Forms and Instructions, search for tax id numbers, and select the appropriate form for your needs from the presented list. Fill out and submit the form, and you will receive your unique number. Forms are available for individuals and companies.

 

  1. You may take one look at those forms, however, and decide that you want further guidance, as just having access to the forms doesn’t answer the many questions that you may have along the way. An internet search will present many options of agencies offering to help, and may make you feel more secure that your forms will be completed quickly and accurately, greatly reducing the possibility of delays. These businesses offer to take care of the hassle of paperwork and forms so you can put your focus and energy into what you really want to do, which is establishing your new business.

 

  1. Whether you decide to tackle it alone, or get some help, you will need some information. The first question that arises refers to the type of business that you own. There are many categories, and it is essential to file under the right entity, as it directly affects the amount of taxes you will have to pay. For example, a sole proprietor may or may not have employees, and would have different tax obligations than a corporation which may have many employees. Non-profits have different regulations, and so on.

 

  1. Once the filing category has been determined, the next step is to put the information on the correct form and wait for the number to be issued. If filed online, the process can often be completed in an hour or so. Once your number has been assigned, you are ready to take care of any federal tax filing and reporting issues that your business has.

 

Business Identification Number (BIN)

Certain types of Oregon businesses are required to also get a BIN for state tax purposes. The electronic Central Business Registry serves as a guide through this process. A number is issued within a few days of submitting paperwork.

By |August 21st, 2018|Categories: Finance, General, sticky|Comments Off on How To Apply For An Oregon Tax ID

Non-profit jobs and companies: how do they work?

If you want to get into the non-profit sector, you may be wondering how do non-profit jobs work. How do they differ from jobs with a corporation, and how easy are they to get?

While non-profit jobs are definitely different than corporate jobs, they also have many similarities. Here is what you need to know before you apply for one.

Salaries — In many cases, the salary you will be offered at a non-profit organization will be quite a bit less than a comparable salary at a company. This is due to a non-profit not being in the business of making huge amounts of money and, therefore, having a limited amount they can spend on salaries.

Most of the money a non-profit raises is supposed to go to the services they offer. That is why staff salaries are kept as low as possible.

Benefits — You may find benefits like health insurance are actually better at a non-profit than at a corporation. If they are not, they are at least usually more affordable.

In fact, some people work at non-profits simply because they know their benefits will be better than if they work in the corporate environment.

Work hours — While overtime is not unheard of at a non-profit, it is far less likely than it is at a corporation.

This means you can usually bank on only working regular hours during the week, with an occasional late evening or weekend work just a couple of times a year. In a company, on the other hand, you could find yourself having to work far more overtime hours than you expected to have to do and, in some cases, without pay too.

Motivation — While you will usually find that the motivation for working for a company is due to increasing profits and to trying to make that company be as successful as possible.

With a non-profit, however, the motivation lies in raising as much money as you can, and then using it to provide services for people that need them. In other words, while companies are all about maximizing profits, non-profits are all about helping as many people as they can.

Experience — Many people who work for non-profits say they enjoy the experience. It tends to be a calmer, gentler, nicer place to work. A place where employees are valued, and where the work they do is something for the greater good.

Compare that with working in a corporation, and you may find the constant need to perform and to sell more products or services makes it a much more stressful environment. In some cases, depending on the company, it can be abusive.

Working in a non-profit or in a company is completely different, and it is up to you to decide which you want to do.

Is being successful and selling as much as you can a motivator in your life, or is working in an environment set up to help people far more important to you?

By |August 14th, 2018|Categories: General, sticky|Comments Off on Non-profit jobs and companies: how do they work?

Tips to Quickly Sell Your House

Tips to Quickly Sell Your House

Putting a home on the market can be nerve-racking process. Showing of the house requires it to be presentable at all times, not to mention the hustle of vacating in a moment’s notice. Buyers will be mainly interested in your house the first few weeks it’s in the market and therefore it’s important to sell before your listing grows stale. To quickly sell a home it needs to be well shown, well marketed and correctly priced. This article provides you with a guide that will help you sell your house quickly.

Get your house ready for sale

Buyers today first view houses through photos on the internet and social media. Hiring a professional to stage and photograph your house seems like the best idea. They will look at your house from a buyer’s perspective and know how to draw attention to the strength and mitigate its flaws. When buyers come to view the house, they want to see their future house, so get rid of the cluttered household item. Throw away unwanted items, move some furniture, toys, and books into a storage unit and don’t leave any sexual-related magazines, medicine or guns in the open. Clear up the coats in the hallway and any equipment blocking windows or doorways. Make sure your house is spotlessly clean including bathrooms and kitchen. Tackle all the broken parts of the house and consider freshening up the interior decor to make your house look warm and welcoming. The external areas of the house should be kept neat.

How to market and sell your house

The first step is to put together all the paperwork needed to sell a house such as title deeds, a certificate for structural building work competed and planning consent. You can also start the conveyance process immediately. This is the legal transfer of property from one person to another. If you are missing any of the paperwork apply for it in advance. Ask around, Google and get professional opinion on the best time to sell your house. Traditionally spring is the best time to sell a house as buyers are competing for properties and families often try to buy properties to coincide with the end of a school year. Look around the neighborhood and find out if there are any consented developments that would help boost properties prices such as the construction of roads, schools or mobile phone masts. However, it is vital to avoid selling while these constructions are ongoing.

Contact several local estate agents to give their opinion on the value of your house in the current market. Look for a good and affordable real estate agent with experience to sell properties such as yours. A good real estate agent will showcase your home as widely as possible including on the internet’s most popular sites. If you cannot afford one, show the house yourself. Gather as much information about prospective buyers as possible. Try showing the best rooms first and avoid pointing out any potential problems of the property.

Weigh and accept the best offer. At this stage, the solicitor will push the conveyance process forward and upon completion, you will receive the full sum of money from the buyer and hand over the keys to the new house owner. This is what you need to keep in mind for a quick house sale.

By |October 2nd, 2017|Categories: Feature, Finance, Investment, sticky|Comments Off on Tips to Quickly Sell Your House