Get the latest updates for
ElegantDirectory Blog
Writing Off a Worthless Stock
Written by Ayesha on March 26, 2011 under Business | 1 comment
Worthless Stock
Looking for how to make double your money? Investment in stocks on long term basis being traded in a stock market is one way you can use to accumulate wealth. In favorable conditions value of your holding stocks appreciates and you can make huge profits by selling these expensive stocks in the stock market receiving capital gain that resulted from the price difference when you bought a particular stock and when you sold it. On the contrary if conditions are not favorable this difference of prices may turn negative causing demise to you in form of capital loss. Volatile markets have more chances of capital loss. A specific amount of tax liable on capita gain might be written off in case of capital loss. So the bright side of this ugly capital loss is you can use such loss to counterbalance your taxable gains i.e. tax on your capital gain in case of capital loss is deducted hence offering some tax benefit to the holders.
Capital loss due to worthless stocks can counterbalance you tax on capital gain on “dollar for dollar” basis. For every dollar loss you get equal dollar benefit in tax. If however the amount of capital gain tax is lower than the loss, remaining loss amount is carry forwarded to upcoming tax years.
But remember this tax deduction is applicable only to those stocks having worth of zero known as “worthless” stocks. If a company becomes bankrupt making market value of its shares zero and you were not able to unload them before bankruptcy IRC can give you some relaxation upon your losses. When you are stuck with such painful valuable stocks the appropriate solution is to write them off some how in the stock market and get tax advantage by following IRS guidelines.
Trying to Connect With Customers? How to connect with customers when you are running a small business
Written by Ayesha on March 19, 2011 under Business | 0 comments
Connect with Customers
The backbone of business revenue is a customer. Customer loyalty and customer satisfaction leads to the existence and sustainability of a business. Loyal and satisfied customers become advocates of your business and repeat purchase. Specifically pointing out to small businesses with little competitive advantage and squeezed revenues the significance of customers is of no question. Your source of generating revenue, your customer needs regular communication from your side. The survival of small businesses with tiny market share depends on two solving two issues:
- Effectively acquiring new customers to increase your customer base
- Retention of existing customers by maintaining customer relations
To overcome above mentioned two issues, communication i.e. “trying to connect with customers” is indispensable. Small businesses need such modes of connecting to your customers those can translate into immediate revenues without incurring considerable costs of communication.
Some of marketing tools mentioned below are of great worth helping the small businesses striving for “trying to connect with customers.” We can call them low cost high return means of connection to your customers.
