wealthymatters

The Foreign Account Tax Compliance Act (FATCA)

October 11, 2014 1 Comment

wealthymatters The Foreign Account Tax Compliance Act (FATCA) makes it compulsory for all financial institutions in the world to report to the US Government comprehensive details of all transactions involving these ‘US persons’. From April this year onwards, under this new US law, it has become extremely onerous for any financial institution around the world to deal with ‘US persons’, which includes US citizens, green card holders and some other types of people and entities.

If a financial company doesn’t collect and report this data to the US government, and it has any assets in the United States, then the US Government will confiscate 30% of those assets as a withholding tax. This also applies to any connected business — what we would call a group company. Of course a confiscation of 30% of assets would utterly destroy any financial business.

The complexity and cost of compliance with FATCA is considerable, and the punishment for making a mistake is huge. Therefore, what FATCA boils down to is that if you have any intention of ever having any financial dealings in the United States, then you need to work as an unpaid tax collector for Uncle Sam, chasing down its citizens around the world. Take it or leave it. Read more of this post

Filed under Tidbits Tagged with FATCA, The Foreign Account Tax Compliance Act

How To Get Your Hashtag To Trend On Twitter

October 9, 2014 Leave a comment

There are many reasons why certain hashtags trend. Some trend because of a big following while others trend because of the news. Getting your hashtag to trend is by no means an easy feat, but it is possible. In order to get your hashtag on Twitter to trend, these are the 5 things you need.

Have a large, targeted following. Many of the people who get their own hashtag trending tend to have well over 50,000 followers. Find the most successful Twitter user in your niche and follow that person’s followers who are likely to follow back. Your following will eventually grow large enough to get a hashtag to trend on Twitter.
Make the hashtag something good enough to trend. If you are approaching a certain follower milestone, tweet that out. Uber Facts used the hashtag #UberFactsTo6Million to get more people knowing about their approaching milestone.
Give your followers a reason to tweet with the hashtag.Eg Uber Facts decided to do a $100 giveaway.
Ask for tweets and retweets. Anyone who tweeted #UberFactsTo6Million or retweeted Uber Facts tweet with the hashtag got entered into the giveaway. As the hashtag started getting attention, people went to Uber Facts’ original tweet, saw the giveaway, and decided to retweet the tweet and get in on the action.
Give people a reason to continue tweeting. Uber Facts decided to double the prize from $100 to $200 in honor of the tweet trending. This got more people’s attention and resulted in the hashtag trending for a longer period of time.

Those are the 5 things you need in order to get a hashtag to trend on Twitter. It is entirely possible that you become one of those movie stars or influential singers who has million of active followers, but for those of us who won’t be getting those two things, this is the best way to get a hashtag to trend on Twitter.

Filed under Entrepreneurship, Tool Kit Tagged with hashtag, postaday, social media marketing, trending on twitter, Twitter, Twitter marketing

Creating A Hashtag

October 9, 2014 Leave a comment

The hashtag began as a humble idea: the tweeter adds the # symbol in front of one word or a word group, no spaces. Doing so allows Twitter to categorize the tweet and group it with others who have tweeted using the same hashtag. Think of the hashtag as a keyword tag and it is easier to understand. People searching based on a specific hashtag receive a list of tweets using that particular tag. The searcher is happy, and so are you, because, in one fell swoop, you have:

•become visible to a new audience
•joined the conversation
•voiced your opinion
•found a like minded audience eager to read what you have to say

Easy, right?But we’re not done. When the right hashtag is added to your tweets, your “retweet” rates rise (other people reposting your original tweets). This opens up your comment to new views and opinions, not to mention new followers, and so the cycle of growth and visibility continues. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with marketing on twitter, postaday, Tagalus, Twilert, Twitter marketing

Don’t Assume

October 9, 2014 Leave a comment

Filed under Theory, Tool Kit Tagged with communication, Don Miguel Ruiz, don't make assumptions, how to communicate, postaday

CollegeDunia For Selecting Your College

October 9, 2014 Leave a comment

wealthymatters College education is a very big investment. Not only do we often spend a large chunk of our parent’s savings during these years but these days, we rake up big student loans. College is important for the qualifications we acquire, as they,in many ways, influence our earning capacity life-long. Also the soft skills and networks we develop in our college years are vital to our overall success in life.So picking the right college to develop our skills and getting career breaks is important. Collegedunia.com is a great way to research colleges in India and shortlisting them before deciding where to apply.

Collegedunia has detailed listings of Medical, Engineering, Management, Arts, Science, Commerce and Law Colleges along with details of each college. Its a great resource for would be students and their parents to quickly, inexpensively and comfortably get to know about colleges, all at one place, rather than scouring various college websites and buying their prospectuses.

Click on the More button to locate colleges offering Agriculture, Architecture , Civil Aviation, Fashion Designing, Mass Communications etc. Also you can find all the latest college education related news on this site.