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Exporting matters! It matters to firms that profit from exporting and it also matters to the national economy as a whole. Federal, state and local governments devote billions of dollars each year to encourage exporting among firms of all sizes and in all sectors. here's how RTM, hosted by USTDA can help you grow your business and strengthen the American economy.
Reverse trade missions provide unique opportunities to foster business relationships and build long-lasting partnerships between U.S. businesses and our overseas partners. During the past year, USTDA hosted more than 50 reverse trade missions to introduce U.S. businesses to more foreign delegates and business opportunities than ever before.
A key part of USTDA’s support of the National Export Initiative, these carefully planned missions enable foreign delegates to visit the U.S. to observe first-hand the design, manufacture, and demonstration of goods and services that can help the delegates achieve their development goals. The reverse trade missions are planned to target current and near-term business opportunities, creating immediate results and export successes for U.S. businesses.
This past year, USTDA introduced more than 600 foreign delegates to more than 1,000 U.S. company representatives across the United States. These foreign delegates included ministers, mayors, and senior governmental and private sector officials from emerging markets.
The White House announced $2 billion in public and private resources to help entrepreneurs start and grow their businesses. In the spirit of open and participatory government, we also announced the Startup America Policy Challenge. We're calling on entrepreneurs and the broader public to share their ideas on how to accelerate entrepreneurial innovation in the areas of healthcare, energy and education. Aneesh Chopra, US Chief Technology Officer, kicked off the challenge in a post on Quora and asked a few questions to get the dialogue going.
Read Aneesh's post below and participate in the challenge by sharing your ideas on Quora:
Startup America is President Obama’s initiative to celebrate, promote, and inspire high-growth entrepreneurship throughout the nation. We’re working to expand access to private sector capital, accelerate the time it takes to get technologies from lab-to-market, and promote mentorship and entrepreneurship education.
With so many different companies out there today, having a solid marketing strategy is 100% essential. Without an effective small business marketing strategy, your company will not be capable of bringing in new business. Why? No one will know your business exists! If you have not yet created a marketing strategy, take the step to create a marketing plan today!
What will a marketing plan do for your business?
Build awareness of your business.This will help more people know about your company and the services it provides.
How your company should be structured is one of the first decisions you will have to make as a business owner? This decision is important, because the type of business you create determines the types of applications you’ll need to submit. You should also research liability implications for personal investments you make into your business, as well as the taxes you will need to pay.
It’s important to understand each business type and select the one that is best suited for your situation and objectives. Keep in mind that you may need to contact several federal agencies, as well as your state business entity registration office. In making a choice, you will want to take into account the following:
When you’re running a business, you don’t need to be a tax expert, too. But you do need some tax basics. IRS Small Business Advantage gives you the information you need to stay tax compliant so your business can thrive.
Choosing a Tax Professional
With your new responsibilities, you may decide to hire a professional tax preparer to assist with your taxes. Enrolled agents, tax attorneys, and certified public accountants have training and expertise in federal taxes. When selecting a tax professional, ask a few questions to see if he/she offers what you are looking for:
Experience: Does the tax professional have experience in working with similar size and type businesses? Is the professional familiar with your particular line of business?
Services: Does the tax professional offer electronic filing—the safest and most efficient way to file your tax returns?
Price: What does the tax professional charge for services? If the IRS examines your return, what is the tax professional’s policy on assisting you? Is the tax professional authorized to practice before the IRS?
Qualifications: New regulations require all paid tax return preparers to register with the IRS and obtain a Preparer Tax Identification Number (PTIN). Ensure that the tax professional you choose has a PTIN.