Business Blogs (303)

Finally! I've procrastinated on opening a US dollar bank account in Canada as I had two US accounts, one business, one personal. As those two accounts served me well, I didn't see the point in opening another account in Canada that would charge me fees. The two US accounts didn't charge any fees at all.

I'd opened the US business account back in 2004 with no problems. Never any overdrafts or issues with it. I used that account to purchase my US supplies and it's been a very handy account. Paypal and Amazon deposited funds into my account and they were declared on my Cdn income.

Well, new bank laws and my US bank supposedly informed me via letter, which I have never received, that I required a US business license to have a US business account or they would close my account. Nice that I never got that letter. I'd been to the bank twice to get this straightened out, and at no time did they tell me that they were closing my account on the 16th of July.

So I drive two hours to where the closest bank is on Monday to sort everything out, and they've already closed my account and a cheque for the funds will be in the mail. What?! Why can't I have the funds right now and close the damn thing out. Nope, bureaucratic bs, they'll mail the damn cheque on the 24th.

I asked who they were mailing the check to, the business or me personally? They didn't know, and I said, well, if you mail it to the business, how am I supposed to cash it with no bank account? With a lot of folderol, they finally agreed to cash it when I receive it, which means ANOTHER two hour drive to their bank. I've never seen or heard of such poor service in my entire life. Not once did they tell me that I needed to get my money out by the 16th in either of my visits and that they were closing my account regardless.

So I checked into getting a US business license, despite the fact that I don't actually do business in Washington. All my business is conducted online, including purchasing the postage. The license for the city I'm closest to is actually no fee, except they have different categories which could be up to $800/year, and it also means I'd have to file both US and Can taxes, which means more $$ out for accounting. Nuts to that.

Google also owes me $$ and refuses to pay me unless I have a US bank account in Canada. They would not deposit into my US account. I've been avoiding that due to the costs of opening and maintaining that kind of account, and haven't been paying any banking fees. So now, it's going to cost me for them to deposit money into my business US account, and for every transaction I do.

In reading their criteria, though, I'm thinking I'd be able to open a US personal a/c in Canada and they could deposit into that, as I don't see where it says it has to be a business account. I may just close the business one then, and open a personal a/c which would be a lot less fees.

Gawd I hate dealing with banks, or any financial institutions. Legalized loan sharks. Talk about a money grab for a business license. I already pay over $400/year to cross the border commercially to throw my parcels in the mail, so any further fees just aren't worth it.

Obviously, they don't want my business which is fine with me. Once I have the cheque for my closed account (bastids! - do they care that I need the funds to purchase supplies right now?) I'll be closing out the other personal a/c and opening one at a bank closer to the border.

And here I was being honest about my business and ensuring everything was kept separately. Ha! "No good deed goes unpunished."

Many 'South Africans' s now living abroad still have property and farms in SA which they rented out for a small amount or basically just asked family or friends to watch over it when they decided that this country was no longer fit for them.
The Gauteng government wants to “immediately” expropriate without compensation privately owned land lying idle.
Premier David Makhura said the province was completing an audit of all unused privately owned land to test the Constitution instead of waiting on the parliamentary process currently reviewing the property rights clause of the Constitution.
“There are tracts of land, others just being used for speculation, other land parcels have been abandoned by landlords living overseas waiting for one day to sell the land to developers at huge profits.


I think this is fair.

I also think that this situation is an ideal time for an enterprising entrepreneur to start a business where it will find appropriate tenants or occupants to occupy some of these properties at a handsome fee, (houses, Blocks of flats, hotels, prime farms etc.) while the owner makes a plan to sell or whatever he/she thinks fit so as not to lose totally on the deal..
Many pro's and cons to take into consideration here.

Is this a bad idea or will one pick up too much flak from the government?
Personally I'm not interested in this but know of people that are.

Workers complaining because McDonald’s would not raise their wages might want to start looking for other jobs sooner rather than later: CEO Steve Easterbrook has announced that by 2020, every McDonald's in the U.S. will be stocked with self-order kiosks.

1,000 stores will get the new kiosks every quarter for the next two years; they already exist in around 3,500 of the roughly 14,000 domestic outlets. Half of the McDonald’s in the United States will feature the kiosks by the end of this year; the locations in Australia, Canada, and the U.K. are running ahead of the American stores.

Wow...

This is good.

Note:WSJ Sunday publication.

In this video a bail bondsman (woman) accompanied by her son meets with a client in the bail bondswoman's office. She gives him an order and he disobeys her.

No alternative facts just the Truth the way you need to hear it. Its not pretty but it is news and News is what you want News of.
Now! This just in from the
"NOT FAKE NEWS" News desk!

Willy in first. Then Zipper

Is anyone else here too tired to enjoy the season? I can’t think of anything else. Just waiting for the spirit to kick in.

Even though the Christmas music is piped into the stores sound system even subliminal messages don’t get me in the mood. I need to clean for company and I’m lacking the cleaning spirit. It’s like I have a Scrooged attitude about the joy of cleaning. Bah humbug

WHAT MAKES A BUSINESS FALL?

to save your business you need

1 FEED BACK

2 FLATTER RICH PEOPLE GIVE DISCOUNTS

3 CUT HUMAN RESOURCE


TATA STEEL BUSINESS FELL IN UK NOT IN INDIA

BCOZ EXCESS HUMAN RESOURCE

LESSEN STAFF

UNWANTED LABOR FORCE MEAN LOSS OF BUSINESS

to get a life, those who told me that

are still here. like him.