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Is There An Age Limit For Acquiring An EIN?

If you are a young business owner, the process of setting everything up can be especially confusing.  One of the things that you will need for your business come tax season is an EIN, or an Employer Identification number. The EIN number serves to identify your business to the IRS for tax purposes. Once you apply for and receive an EIN for a given business, that number will remain tied to your business and you will use it to file your taxes every year. Here is a bit more that young business owners should know about the EIN.

Age Limits: There is no age limit for acquiring an EIN. However, if you are a minor, you may want to check the laws in your given state to ensure that you are legally able to work. If you are not yet able to be an employee, you may be able to obtain an exemption as a small business owner- though minors will likely need parental consent.

Who Needs an EIN?: An EIN is required for small businesses and other ventures that require employees. For instance, if you are starting a business with a group of friends, you likely need an EIN. However, if you are an independent contractor and are the only employee in your business, you may not need that number and may instead use your social security number to file your taxes.

The Process: To receive your EIN, you will need to fill out Form SS-4. You can apply for an EIN online- this is usually fastest, easiest, and the most convenient method. You also have the option of mailing or faxing a completed SS-4 form to the IRS, but be prepared to wait several weeks for a response.

While being a young business owner can be complicated, tax season can be fairly simple with a bit of research and the right resources.

For more, visit www.irs-ein-tax-id.com.

Best Safety Gear For The Adventurous Motorcyclist

For most motorcyclists, the experience of riding is more than enough, even if it’s a trip to the gym or work. However, plenty of bikers like to go outside of the beaten path and explore new places on the back of their ride.

If adventure is part of your motorcycling experience, then you want to make sure that you prepare yourself beforehand. Part of it is making sure that you have the best Yamaha accessories, and the rest is knowing your limits, so you don’t put yourself in danger.

Full Face Helmet

If you are a casual rider, then a half or three-quarters helmet is more than enough to protect your grey matter. However, to protect yourself on your wild adventures you will need an Arai full face helmet, just in case of a wipeout or collision while out on the road or trail.

All Weather Gloves

Part of being adventurous is heading out regardless of weather. While it’s nice to bike when the sun is shining, if you’re committed to getting the best experience, then rain or other weather shouldn’t prevent you from going out. Therefore, make sure your hands don’t freeze by giving them all-weather gloves.

Thick Riding Suit

Along with decent gloves, you need to have an all-weather suit to protect the rest of your body. You should already have something to keep you safe on the road, but when it comes to exploring the great unknown, you want an extra layer of comfort, so you don’t get too cold (or too hot).

Touring Bag

While most bikers ride for a few hours at a time, the most adventurous ones will take a long road trip and see where their bikes take them. If that’s something you’re interested in, then you will need a weatherproof touring bag to hold all of your stuff. Because you don’t have a trunk on your motorcycle, a bag will be the only way to stay prepared out on the road.

Overall, if adventure is what you seek, you have to make sure that you go about it in the right way. Be sure to upgrade your Yamaha accessories and bring all the proper gear for any eventuality. Just be sure to check your EBC brakes before you head out.

Guide For Small Businesses Owners

Running a small business is not an easy thing to do! In fact, it can be an incredibly complex process filled with an inordinate amount of details and fact checking. That’s why we’ve taken the time to put together a small guide to help new small business owners better understand some of the important decisions they will have to make. Things like what payment methods to accept and how to make that decision a profitable one, for example, are important to know. We’ll also take a look at how you can even get a free online merchant account to help make your online payment processing experience an easy one!

Payment Methods

There are a number of different payment methods out there, and not all of them are created equal. One such payment method is BPAY, which is an internet service that allows businesses to arrange payments clearly and simply, enabling clients to transfer cash straight from their bank account to another business’s pre-identified bank account. If you are a keen investor, you may want to find out how to buy bitcoin with bpay too! You might be tempted to forgo accepting online credit card payments, for example, but this would be a big mistake. Many customers today prefer to simply slide a credit card rather than carry around cash or get something like a money order just to buy a product online. You should probably accept credit card payments, in other words, and you’ll want to find a merchant account service that offers a free online merchant account to do so!

About the Fees

Before you sign up for just any merchant account service, remember that you will be paying a transaction fee on every credit card payment you receive. This can lead to some frustration, especially if you settle for a service with fees that are simply too high. Instead, find a service with the lowest credit card processing fees you can find. That will help you maintain a cost-effective business.

For a merchant account service that understands how to help you succeed and even offers a free online merchant account, give Merchant Account Solutions a look today!