Latest news with #EIN
Perth Now
4 days ago
- Entertainment
- Perth Now
Tiffany Haddish opens up on 'mentally and spiritual' challenges of getting her makeup done
Tiffany Haddish needs to be in a "good space mentally and spiritually" before she can get her makeup done. The 45-year-old comedienne is no stranger to performing on stage and screen, but admitted that when it comes to the preparation of it all, she can only "handle" having assistants swarm around her to act as a glam squad if she has made peace with it all in her own head first. She told UsWeekly: "A lot of people will be pulling on you, and you need to be in a good space mentally and spiritually in order to handle that. 'Especially on those lady days! You really just want to fight people because you're dying. There's a funeral happening, and nobody knows but you!' The ' Girls Trip' star was then asked if she has any rituals before she goes on stage and explained that she uses "personal feel-good music" to get herself ready. She said: "It's my personal feel-good music. "Not even my team hears it. It's in my AirPods. It's basically Hz tones — 420, 480, 550." Meanwhile, Tiffany - who was married to William Stewart from 2008 until 2013 and dated rapper Common from 2020 until 2021 - is currently single but has strict financial criteria she wants from a new partner, including a good credit score, an Employer Identification Number (EIN) and their own staff within their company. She told 'Extra': 'There are people that want to be special in my life, but they don't meet the qualifications. 'The qualifications for someone to be that special guy is the credit score has to be over 675 because… I'm a firm believer that credit score shows a lot about a person, and if a bank wouldn't be willing to give you a loan for a home, why would I be willing to let you be in my body?' 'You got to have an EIN number, okay? And he has to have employees… If you don't know what an EIN number is, that just means you're an employee.'
Yahoo
20-05-2025
- Business
- Yahoo
7 things businesses that have mastered their cash flow do (and how you can start, too)
Cash flow is a top concern for businesses of all sizes, but many business owners don't understand the nuances of how to manage their cash flow. You can position yourself to master cash flow management by following the best practices other successful business owners adhere to. Square surveyed 240 business owners to learn more about how thriving business leaders manage their cash flow and rounded up the seven best strategies to make the most of every dollar your business earns. One of the first steps successful business owners take is establishing dedicated business bank accounts. As soon as you've registered your business and received an Employee Identification Number (EIN), you can open business bank accounts to better track your business finances. According to our Square Business Banking and Cash Flow Report, 55% of business owners open an account within two months of starting their new venture. Small business financial accounts often include a checking account, a savings account, and one or more business credit cards. Eighty-six percent of respondents to the Square survey have both business checking and savings accounts. Whether you're preparing to launch or already have a running business, keeping your business and personal finances separate is essential for good financial hygiene. Next steps: Open dedicated business bank accounts before launching to simplify tax prep, loan applications, and financial tracking. Just like with your personal finances, it's a good idea to put away business savings for emergencies, to help with seasonality, and for future investments to grow your business. While large enterprises may have dozens of accounts, small to medium-sized businesses can also have multiple accounts for different needs. Among small businesses, 74% use two to three accounts, while 25% use four or more. Depending on your needs, you may want to divide your funds for different purposes, such as payroll and taxes. Selecting a banking partner that provides tools like folders for organization within a single account will enable you to stay organized without going overboard and opening more bank accounts than necessary. Next steps: Create sub-accounts or savings folders for taxes, payroll, and emergency funds to improve financial clarity. Financially resilient businesses prioritize savings regardless of revenue fluctuations. Even the best-performing businesses see ups and downs on occasion. That's why 97% of surveyed businesses have savings goals, which is a wise decision. These businesses allocate an average of 10% of their annual revenue to savings. The top savings goals include: Inventory/supplies (86%) Emergency expenses (79%) Filling cash flow gaps (63%) Paying taxes (39%) Every business is unique, so you may want to save for another set of goals. The Profit First strategy, based on the popular book, suggests setting up accounts for income, profit, owner's compensation, taxes, operating expenses, long-term savings, inventory, and equipment. Review your business's financial needs to pick the right accounts. Next steps: Automate transfers into dedicated savings accounts to ensure steady contributions throughout the year. Running a business without regularly checking in on your financial data is like driving blind. Businesses that regularly review financial metrics are more financially resilient and tend to make better decisions to improve their cash flow. A monthly financial review can be very helpful, and closely looking at financial and marketing data points can help you supercharge your sales and profits. For example, conversion rate, churn rate, email open rate, and financial ratios. Track what's most relevant to your unique business. Sixty percent of businesses use banking services to monitor cash flow, and 54% use payroll and tax software to stay compliant and track expenses. Spend less time trying to understand your finances by using a banking partner that provides a consolidated view of your cash flow with unified activity and sales reporting. Next steps: Conduct quarterly financial reviews to identify cash flow bottlenecks and adjust strategies accordingly. Automation helps businesses stay ahead of cash flow challenges. That goes for everything from reordering inventory to automated savings. Fifty-seven percent of businesses automate savings and 71% use invoicing software to track and manage client payments. Depending on your business, you may find many tools to help automate. Everything you automate gives you more time to focus on growing your profits. Using integrated tools for payments, invoicing, and reporting helps save time flipping between systems and improves efficiency. When you use a single provider for a suite of business services, much of that automation is built in from the start. Next steps: Set up invoicing software, automated payments, payroll management, and cash flow tracking tools early to streamline operations. Many retail businesses know the holiday season will be the busiest time of year, and they'll see a slump in the summer. Accountants know they'll be busiest from the start of the year through tax season but don't have as much to do in the fall. You can also plan for seasonal revenue fluctuations and ensure that a dip in cash flow doesn't harm your overall business. According to Square data: Revenue peaks in November, December, and January for most businesses 29% of retail businesses see peak revenue in November Savings balances are typically lowest from March to July Next steps: Use past sales trends to predict slow periods and build a financial cushion ahead of time. The most successful businesses in the world often carry millions or even billions of dollars in debt. While high-interest loans can be damaging, strategic small business financing can help reach business goals, such as a larger inventory or capital investment. When you shop around, you can find the best deals available. If you're turned down the first time, it's worth looking for new funding sources that better align with your borrower profile. Square's recent survey shows that 82% of small businesses didn't receive financing on their first try, and 47% were approved on their second application. Ninety-seven percent of businesses use business credit cards for financing. When used responsibly, credit and financing can fit into your cash flow management strategy. Next steps: Improve approval odds by tracking financial metrics, maintaining good credit, and applying strategically. Avoid thinking of financial management as a burden—it's an empowering part of entrepreneurship. Eighty-five percent of business owners say they enjoy managing their business finances. When you confidently approach your business finances with a can-do attitude, you're putting yourself in a position to master your cash flow and run a profitable business for years to come. This story was produced by Square for its publication The Bottom Line and reviewed and distributed by Stacker. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
16-05-2025
- Business
- Associated Press
MEXC Announces Einstein (EIN) Listing in July, 50 Million EIN Rewards Event Launches Now
VICTORIA, Seychelles, May 16, 2025 (GLOBE NEWSWIRE) -- MEXC, a leading global cryptocurrency exchange, has announced that it will list Einstein (EIN) on July 20, 2025 (UTC). Ahead of the listing, MEXC will launch two exclusive events this May with a total reward pool of 50,000,000 EIN, offering users the opportunity to discover promising projects and earn attractive rewards. Einstein is an innovative social experiment combining scientific knowledge with the Web3 ecosystem. The project invites participants to explore the intersection of cryptocurrency, blockchain, decentralized science (DeSci), cosmology, and physics. By fostering a spirit of intellectual curiosity and discovery, Einstein aims to reveal the potential synergies between scientific inquiry and blockchain technology. The EIN token serves as the governance and fee token within the Einstein Protocol. It is utilized for synthesizing, upgrading, downgrading, and decomposing element tokens. All protocol fees are burned, giving EIN a deflationary utility. MEXC will launch two exclusive events from May 18, 10:00 to July 17, 10:00 (UTC), with the following key details: Event 1: Einstein (EIN) Launchpool - Stake USDT & MX to Share 42,500,000 EIN Users can stake USDT or MX tokens via MEXC Launchpool to earn EIN tokens. The staking mechanism is straightforward: the more users stake, the more they earn. In addition, users who stake MX tokens will also qualify for parallel participation in Kickstarter airdrop events, allowing users to earn double rewards. Event 2: Invite New Users & Share 7,500,000 EIN Users can earn 400 EIN for each friend who registers using their referral code, deposits a minimum of 100 USDT, and joins the Launchpool event. Each user can invite up to 20 new users for a maximum reward of 8,000 EIN. Rewards will be distributed on a first-come, first-served basis. MEXC has established itself as an industry leader by consistently providing users with early access to promising projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, the exchange has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape. For full event details and participation rules, please visit here. About MEXC Founded in 2018, MEXC is committed to being 'Your Easiest Way to Crypto.' Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. MEXC Official Website ｜ X ｜ Telegram ｜ How to Sign Up on MEXC Risk Disclaimer: The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions. Source Contact: Lucia Hu: [email protected] Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
Cision Canada
16-05-2025
- Business
- Cision Canada
MEXC Announces Einstein (EIN) Listing in July, 50 Million EIN Rewards Event Launches Now
VICTORIA, Seychelles, May 16, 2025 /CNW/ -- MEXC, a leading global cryptocurrency exchange, has announced that it will list Einstein (EIN) on July 20, 2025 (UTC). Ahead of the listing, MEXC will launch two exclusive events this May with a total reward pool of 50,000,000 EIN, offering users the opportunity to discover promising projects and earn attractive rewards. Einstein is an innovative social experiment combining scientific knowledge with the Web3 ecosystem. The project invites participants to explore the intersection of cryptocurrency, blockchain, decentralized science (DeSci), cosmology, and physics. By fostering a spirit of intellectual curiosity and discovery, Einstein aims to reveal the potential synergies between scientific inquiry and blockchain technology. The EIN token serves as the governance and fee token within the Einstein Protocol. It is utilized for synthesizing, upgrading, downgrading, and decomposing element tokens. All protocol fees are burned, giving EIN a deflationary utility. MEXC will launch two exclusive events from May 18, 10:00 to July 17, 10:00 (UTC), with the following key details: Event 1: Einstein (EIN) Launchpool - Stake USDT & MX to Share 42,500,000 EIN Users can stake USDT or MX tokens via MEXC Launchpool to earn EIN tokens. The staking mechanism is straightforward: the more users stake, the more they earn. In addition, users who stake MX tokens will also qualify for parallel participation in Kickstarter airdrop events, allowing users to earn double rewards. Event 2: Invite New Users & Share 7,500,000 EIN Users can earn 400 EIN for each friend who registers using their referral code, deposits a minimum of 100 USDT, and joins the Launchpool event. Each user can invite up to 20 new users for a maximum reward of 8,000 EIN. Rewards will be distributed on a first-come, first-served basis. MEXC has established itself as an industry leader by consistently providing users with early access to promising projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, the exchange has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape. For full event details and participation rules, please visit here. About MEXC Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
CNBC
07-05-2025
- Business
- CNBC
LLC vs. Sole proprietorship — which should you choose?
A sole proprietorship is a type of business structure where there is no separation between the business and the individual who owns and operates it. As the name suggests, sole proprietorships are run by only one person. These types of businesses are generally unregistered, and common examples are freelance writers, consultants, and other service work performed by one person. An LLC is a business structure that separates the assets and liabilities of the business from the assets and liabilities of the person who owns it. This means that an individual's personal assets are protected if their business goes bankrupt and still owes debts, or if there's a costly lawsuit against the company. That's where the "limited liability" benefit comes in. With sole proprietorships, you don't enjoy this protection — any financial liability owed by your company could quickly spill over into your personal finances. Also unlike sole proprietorships, LLCs need to be registered with the state where you're conducting business. The owners of the LLC are called members. If you're owning and operating the business by yourself, you'll be a single-member LLC. If there is more than one owner, you'll be a multi-member LLC. Sole proprietorships don't require any registration for setup if you're simply operating under your legal name. If you plan to operate under a different name, though, you'll have to file a DBA (Doing Business As). Sole proprietorships also generally don't require an Employer Identification Number (EIN) so you'll just use your Social Security Number where required. LLCs require registration. You'll have to file Articles of Organization with the state where you'll be operating, file an operating agreement (a document outlining who owns the company and other details) and apply for an EIN. Business formation services like LegalZoom and Bizee can help you get filed and make sure your legal bases are covered. Sometimes, you'll have to pay a small fee to use the service, as well as the filing fee for the state where you're operating, but plans at LegalZoom and Bizee start at $0 plus the state fee. With an LLC, you'll also have to file an annual report with your state, which simply provides updated information on your company and the activities you perform. As a sole proprietor, the money you earn from your business can go directly into your personal bank account since there is no legal separation between you and your business. If you set up a business bank account, you can just transfer money from the business account to your personal account as an "owner's draw." If you have an LLC, you can also generally take an owner's draw from your business bank account. However, if your LLC is structured as an S-Corporation, you'll have to pay yourself a salary, which can be a bit more complicated. For example, you'll have to determine a "reasonable" salary for your role (it's usually recommended that you pay yourself what you would pay another employee to do your role) and report the income on a W-2. Sole proprietors report their business income on their personal tax returns where they'll be taxed at your personal income tax rate. Unless otherwise noted, LLCs follow the same tax rules as sole proprietorships — you'll report business income on your personal income tax return and be charged at the appropriate rate. Your taxes essentially "flow" through you as the individual, not the business, which is why LLCs are known as pass-through entities. Your business's losses, profits, income and deductions all flow through you. However, you can elect to have your LLC taxed as an S-Corp. One advantage of this approach is that you'll only have to pay a FICA tax (Federal Insurance Contributions Act tax, which helps fund programs like Social Security and Medicare) on wages your business pays to owners and employees. All other earnings will be considered dividend income. This can help save your business some money in the long-run. Another big advantage to having your LLC taxed as an S-Corp? You can receive a deduction you otherwise wouldn't have with an LLC that's taxed as a sole proprietorship. According to the Tax Cuts and Jobs Act, pass-through entities claim a 20% qualified business income deduction. However, the taxable income must be below a certain number in order to qualify for the deduction unless you pay employee wages. Because LLCs that are taxed as an S-Corp are incentivized to pay wages to employees, they can potentially claim this deduction if they meet all other requirements. It's generally recommended to opt for an LLC over a sole proprietorship because having an LLC allows you to protect your personal assets should you be sued or default on its debts. However, if you're thinking you just want to test the waters before you dive into the deep end and file an LLC, consider starting as a sole proprietor first. There are some businesses, like freelance writing, selling crafts, tutoring and content creation, that are simple to run as a sole proprietorship. But for businesses with higher liability risk, like running a bakery or legal consulting, an LLC might be a safer option for you. Is it better to have an LLC or a sole proprietorship? Sole proprietorships are simpler to start and manage but LLCs offer you that layer of protection by separating your personal assets and liabilities from your business assets and liabilities. Plus if you run the kind of business that naturally carries more risk, an LLC is typically the better option. What are the disadvantages of a sole proprietorship? Aside from the inability to separate personal assets and liabilities from business assets and liabilities, it's hard to raise capital for your business if you run a sole proprietorship. Venture capitalists usually prefer to fund corporations due to the tax advantages, but LLCs are still preferable to sole proprietorships. What happens if my LLC makes no money? If your business is still active but making no money, you may still have operating expenses that you can write off on your taxes. But if your business is inactive and not making any money, you should dissolve the LLC. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of small business products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff's alone, and have not been reviewed, approved or otherwise endorsed by any third party.
