Grow your Small Business in Northern Virginia

The Northern Virginia (NOVA) area can sometimes be overshadowed by its proximity to Washington, DC, but the fact of the matter is that it’s a great place for business. Interestingly, the tax revenue the state of Virginia collects from the northern part of the state is enough to cover over half the state of Virginia’s yearly budget. The area is no doubt a booming place for businesses to thrive. Every year, many new businesses open their doors in NOVA and hope to take in some of the area’s wealth.  In total, the cities and counties that make up the northern VA area are among the wealthiest in the nation, which provides plenty of opportunities for small businesses owners to take advantage of. Not only are there plenty of wealthy customers in the area, but there’s also numerous successful business owners that you can learn and collaborate with. So now that we covered the basic economics of the area, let’s dive into how to successfully grow your small business in Northern Virginia.

northern va digital marketing agency

Starting a small business is not an easy task to do and is the reason over half of all small businesses close within a year of opening. Sure, you’ve done your market research, defined your target customer, and developed a business plan, but how do you think you’ll be able to successfully reach your target audience?  Unless you have successfully opened multiple businesses or have a business partner that has, then you’re basically taking a shot in the dark.  Every decision you make in the early stages of starting your business will ultimately determine the business’ fate and lifespan.

After analyzing hundreds of new businesses, the biggest pitfalls seen from new business owners is that they cut corners on some of the most important aspects of starting a business, while spending tons of money on things that don’t matter.  I can’t even begin to describe the amount of new business owners who throw up a cheap website with no care for how they’re business is perceived online.  On top of having a bad website, they then will have absolutely no budget for any type of marketing.  If you know someone like this, please show them the light!  Neglecting to have a professionally built and optimized website is the first step of the demise of so many small businesses.

nova digital marketing agency

Don’t neglect your small business, start it off the right way by hiring a professional digital marketing agency in Northern Virginia that will make sure your new business is set up for success.  Implementing the right digital marketing strategy for your small business is one of the only ways to forecast your company’s success. Sure, you could try to learn how to effectively do SEO, Social Media Marketing, PPC, Content Marketing, Reputation Management, Mobile Marketing, etc., but the time it would take to learn all those skills individually will most certainly take away time from running your business.  Therefore, successful business owners always hire professional digital marketers to do it the right way first. Your time is your most important asset, and you will be needing every second of it when you start a new business. Many successful new businesses in NOVA all share one thing in common and that is they all hired The W Agency – one of the top digital marketing agencies in Northern Virginia.

The W Agency handles all aspects of digital marketing in a strategic way, and uses proprietary search engine optimization methods that have been proven successful time and time again.  There are many other digital marketing agencies out there that charge exorbitant amounts of money for ineffective methods, so be careful who you decide to work with. Many small businesses I personally know of in the Northern Virginia area, have had great success after letting The W Agency take care of their digital marketing.

There you have it, how to successfully grow your small business in Northern Virginia. Now you know the pitfalls to avoid in starting a new business and how important a digital marketing strategy is for your business’ success.  Start by hiring the best digital marketing agency in Northern Virginia.

Walmart Neighborhood Market to open in North Stafford

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Workers make final adjustments recently to a sign at the Walmart Neighborhood Market in time for the grand opening June 28. The new store, on Garrisonville Road near the intersection with Furnace Road, will feature two drive-thrus, as well as…

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After Otto Warmbier’s death, what are Trump’s options for responding to North Korea?

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WASHINGTON — As his body is laid to rest in his Ohio hometown, the shock of Otto Warmbier’s death is now giving way to anger — and the Trump administration is actively weighing how to respond.

“It’s a total disgrace what happened to Otto,” President Trump told reporters Tuesday. “That should never, ever be allowed to happen. It’s a brutal regime, and we’ll be able to handle it.”

Warmbier was held for nearly a year-and-a-half by North Korea, much of that time while in a coma, according to the reclusive country’s authoritarian regime. The details of his detention, especially how he ended up in that medical condition, are still unknown.

But the White House — while happy to have returned Warmbier to his family — is now deciding if and how it should respond to his death as it aims to “hold North Korea accountable for [his] unjust imprisonment,” according to Secretary of State Rex Tillerson.

Beyond demanding a full account of what happened to Warmbier, the U.S. has few options to respond — although there are three other U.S. citizens being detained in the country, and any action has to weigh their safety and concerns of a backlash against them.

TRAVEL BAN

Tillerson is actively considering whether to ban U.S. travel to North Korea, the State Department said Tuesday.

“The Secretary has the authority to do it,” said spokesperson Heather Nauert. “He just has not come to a conclusion about how this would potentially work, but we’re considering it.”

The U.S. strongly discourages travel to North Korea, with a stern travel warning but as of yet no ban. Without diplomatic ties in the country, the government cannot reach Americans held there, except through its protecting power Sweden. And North Korea has a history of using detainees from America or other countries as pawns in negotiations.

“Given the danger to United States citizens in the country, it is time to take the unusual step of imposing a ban,” former U.S. ambassador to South Korea Christopher Hill wrote in an editorial Wednesday. Hill led the U.S. delegation to North Korea nuclear talks under President George W. Bush.

There are restrictions on economic activity with North Korea, through a system of sanctions, and an all-out ban is not without precedent. Previously, the U.S. government has banned travel to countries that were perceived to be too dangerous, including Lebanon during the Lebanese civil war and Libya during some of the Moammar Gadhafi years.

The number of Americans in North Korea is difficult to track, but the country’s only private university employs around 40 U.S. citizens, many dual nationals. In addition, anywhere between 800 and 1,250 American tourists visit the country a year, although that number will likely decline after Warmbier’s death, especially as tour companies like Young Pioneer Tours, which Warmbier used, have canceled all future trips for Americans.

PRESSURING OTHER COUNTRIES

The Trump administration may also try to isolate North Korea even more, pressuring its neighbors and economic partners to cut ties.

It’s part of the current strategy to discourage the regime from pursuing its nuclear and missile programs, and according to the acting Assistant Secretary for East Asian and Pacific Affairs, it’s yielded some successes so far.

“We’ve seen a lot of different countries step up and take action on the pressure campaign,” Susan Thornton told reporters Monday.

According to Thornton, those actions include halting visas to North Korean laborers, whose wages usually go straight to the regime; denying landing rights and refueling privileges to North Korea’s national airline; expelling and reducing North Korea’s diplomatic presence in the countries; and interdicting shipments of arms and other sanctioned materials.

NEW SANCTIONS

The administration might also be considering new sanctions against North Korea or third-party entities that do business with the regime, including Chinese companies.

Nauert has declined to say if sanctions are among the considerations, saying only, “The actions that we may or may not take are still being contemplated here, so it’s just too early to say exactly what we’re going to do just yet.”

But even before Warmbier’s death, members of Congress were pushing a new sanctions report on Tillerson last week when he testified on Capitol Hill. The report by the nonprofit C4ADS lays out where the vulnerabilities are in North Korea’s financial networks and supply chains and how new sanctions could disrupt them and bring the regime to heel.

“The next step should be to sanction the Chinese financiers and traders who sustain Kim Jong Un,” the Wall Street Journal editorial board urged Thursday. “The U.S. and its allies have to use every sanction and other tool available to prevent the Kim regime from doing to millions what it did to Otto Warmbier.”

As the administration reviews, it seems sanctions would likely have to wait. After the U.S.-China summit Wednesday, Tillerson said that China reaffirmed its commitment to fully implement all United Nations Security Council sanctions, so the White House may give China some time to see that through first.

MILITARY STRIKES

The Trump administration has said that all military options are on the table with regards to North Korea’s ballistic missile and nuclear weapons programs. But the reality is that the impact of military options would be limited and the threat of escalating into an all-out war makes it the least likely of the administration’s options, especially for Warmbier’s death.

Pre-emptive military strikes would likely focus on North Korea’s facilities for launching or producing ballistic missiles or its nuclear facilities.

North Korea’s nuclear facility at Yongbyon is well-known, but striking it could cause an environmental disaster. Easier targets would be North Korea’s missile facilities like the Sohae Satellite Launching Station on the country’s northwest coast that has become a center of activity for the country’s long-range missile program.

But the greater threat from North Korea is posed by its new medium- and intermediate-range mobile systems that are hard to track by overhead satellites and can be launched on short notice.

If the U.S. were to take military action, potential targets could be North Korea’s airfields in Hwangju, Kusong, and Wonsan provinces that have been used over the past year to test new longer-range missiles.

But pre-emptive strikes could lead North Korea to respond militarily, a prospect that carries the risk of risk of hundreds of thousands of civilian casualties.

The majority of North Korea’s million-man army is based just north of the demilitarized zone (DMZ) that is the border with South Korea. And long-range North Korean artillery along the DMZ can easily reach Seoul, South Korea’s capital.

That makes the scenario of a pre-emptive U.S. military strike a risky one and the least likely option available to the Trump administration.

Copyright © 2017, ABC Radio. All rights reserved.

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Obama to return to campaign trail to stump for Northam

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RICHMOND, Va. (AP) — Former president Barack Obama will return to the U.S. campaign fray to stump for Democrat Ralph Northam in the Virginia governor’s race.

Northam spokesman David Turner said Obama agreed to campaign this week. No events have yet been planned.

An aide to the former president says Obama called Northam to congratulate him and agreed to support his campaign, though a date for an event hasn’t been set. The aide wasn’t authorized to comment by name and requested anonymity.

Obama did not endorse a candidate in the Democratic primary between the lieutenant governor and former congressman Tom Perriello, who served in the Obama administration.

Obama carried Virginia in 2008 and 2012. The Virginia governor’s race is one of just two gubernatorial contests this year.

The post Obama to return to campaign trail to stump for Northam appeared first on WTOP.

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Lobbyist injured in baseball shooting now out of ICU, gets visit from Nats’ Werth

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WASHINGTON — The lobbyist injured in last week’s shooting at a congressional baseball practice is now in good condition and out of George Washington University Hospital’s intensive care unit.

Matt Mika, an executive in Tyson Foods’ D.C. office who’s being treated for multiple gunshot wounds, got a special bedside visit from Nationals star Jayson Werth.

The hospital released a photo of a smiling Mika, a former congressional staffer, holding up jersey No. 28 next to the outfielder.

James Hodgkinson, 66, opened fire June 14 at an Alexandria ball field where Republican members of Congress were gathered to practice for an upcoming charity game, critically injuring Mika and Majority Whip Steve Scalise, the No. 3 Republican in the House.

Another congressional staffer was shot in the leg and released from the hospital last week. Two Capitol Police officers were also injured during an exchange of gunfire with Hodgkinson, who was fatally shot by police.

Mika had participated in the Congressional Baseball Game for years.

Scalise, who was shot in the hip, was at “imminent risk of death” when he arrived at D.C.’s MedStar Washington Hospital Center but had improved to “fair condition” by earlier this week after a series of operations.

The FBI this week released preliminary details of its investigation into the shooting, revealing Hodgkinson fired 60 rounds from a 7.62 mm caliber SKS rifle and a 9 mm handgun and had a list with the names of six members of Congress on him when he carried out the early morning attack.

Hodgkinson had ranted on social media about Republicans and Republican policies, but hadn’t made any threats. The shooting appeared to be “more spontaneous” than planned, an FBI official said.

The post Lobbyist injured in baseball shooting now out of ICU, gets visit from Nats’ Werth appeared first on WTOP.

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The Increased Importance of Transfer Pricing Planning

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In their new NVTC member blog post, Alvarez & Marsal Taxand discusses how companies in the tech industry can prepare for proposed tax reforms that may be implemented in the near future. Alvarez & Marsal Taxand, an affiliate of Alvarez & Marsal (A&M), a leading global professional services firm, is an independent tax group made up of experienced tax professionals dedicated to providing customized tax advice to clients and investors across a broad range of industries. Alvarez & Marsal Taxand is a founder of Taxand, the world’s largest independent tax organization, which provides high quality, integrated tax advice worldwide. 


AM_Taxand_Logo_Wordmark_color (2)Under the House Republican “Blueprint for Tax Reform” (the Blueprint), companies would be able to deduct interest expense against interest income, but no current deduction would be allowed for net interest expense. Any net interest expense would be carried forward indefinitely and allowed as a deduction against net interest income in future years. In addition, the proposed reduction of U.S. tax rates may also reduce the value of U.S. interest deductions. These proposals should impact decisions right now around multinational intercompany financing structures for tech companies, as well as other aspects of their intragroup contractual arrangements.

Until now, the high U.S. corporate income tax rate of 35 percent has created an environment that favors foreign related-party lending to U.S. affiliates, particularly when the loan is advanced from a low-tax jurisdiction. U.S. taxable income may be reduced via an interest deduction and the corresponding interest income may be captured in the lower tax jurisdiction. Alternatively, tax considerations may have made it desirable to incur third-party debt in a U.S. group company, rather than in lower-taxed group companies. The feasibility and/or desirability of these sorts of “earnings stripping” benefits would be greatly diminished by the Blueprint.

So, how are forward-looking companies, particularly in the tech industry, preparing for these potentially dramatic changes? We are seeing a number of them explore the following questions:

1. Should the debt level of U.S. group companies be reduced and, if so, how?
2. Should the interest rate be reduced on intragroup debt financing of U.S. group companies?
3. Can we replace debt financing with other forms of financing arrangements that may yield deductions other than interest expense for the U.S. company (e.g., rent expense on sale / leaseback transactions, royalty expense on intellectual property (IP) licensing transactions)?
4. Should U.S. group companies make interest-bearing loans to other group companies that can benefit from interest deductions in their countries, thereby creating interest income in the U.S., against which the U.S. company could then deduct its own interest expense (e.g., should a U.S. company be a group finance company)?
5. Can lost interest deductions be replaced by more aggressive transfer pricing for other intragroup transactions (e.g., the intragroup purchase and/or sale of goods or services)?

All of these questions regarding intragroup transactions have important transfer pricing implications. For most intragroup transactions (other than those rare instances when the comparable uncontrolled price method is the best method), the prevailing transfer pricing theory permits a range of choices for the intercompany transfer price. So, whether the decision relates to the level of U.S. indebtedness, the substitution of interest expense with other types of deductions, or the creation of interest income in the U.S., the after-tax impact of those decisions can be significantly enhanced by proactive transfer pricing planning. This is true regardless of whether the objective is the more traditional one of minimizing taxable income in the U.S., or a new one to increase taxable income in the U.S. (with the offsetting decrease in other countries with higher tax rates) in light of dramatically changed U.S. tax rules. Our international tax and transfer pricing specialists can help your company to determine the most desirable course of action and to substantiate an appropriate / defensible range of choices for intercompany prices that will yield the optimal results.

Visit A&M Taxand’s Tax Advisor Minute for more helpful insights for executives in the technology sector.

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The Increased Importance of Transfer Pricing Planning

Grow Your Business in Northern Virginia with digital marketing services from The W Agency

In their new NVTC member blog post, Alvarez & Marsal Taxand discusses how companies in the tech industry can prepare for proposed tax reforms that may be implemented in the near future. Alvarez & Marsal Taxand, an affiliate of Alvarez & Marsal (A&M), a leading global professional services firm, is an independent tax group made up of experienced tax professionals dedicated to providing customized tax advice to clients and investors across a broad range of industries. Alvarez & Marsal Taxand is a founder of Taxand, the world’s largest independent tax organization, which provides high quality, integrated tax advice worldwide. 


AM_Taxand_Logo_Wordmark_color (2)Under the House Republican “Blueprint for Tax Reform” (the Blueprint), companies would be able to deduct interest expense against interest income, but no current deduction would be allowed for net interest expense. Any net interest expense would be carried forward indefinitely and allowed as a deduction against net interest income in future years. In addition, the proposed reduction of U.S. tax rates may also reduce the value of U.S. interest deductions. These proposals should impact decisions right now around multinational intercompany financing structures for tech companies, as well as other aspects of their intragroup contractual arrangements.

Until now, the high U.S. corporate income tax rate of 35 percent has created an environment that favors foreign related-party lending to U.S. affiliates, particularly when the loan is advanced from a low-tax jurisdiction. U.S. taxable income may be reduced via an interest deduction and the corresponding interest income may be captured in the lower tax jurisdiction. Alternatively, tax considerations may have made it desirable to incur third-party debt in a U.S. group company, rather than in lower-taxed group companies. The feasibility and/or desirability of these sorts of “earnings stripping” benefits would be greatly diminished by the Blueprint.

So, how are forward-looking companies, particularly in the tech industry, preparing for these potentially dramatic changes? We are seeing a number of them explore the following questions:

1. Should the debt level of U.S. group companies be reduced and, if so, how?
2. Should the interest rate be reduced on intragroup debt financing of U.S. group companies?
3. Can we replace debt financing with other forms of financing arrangements that may yield deductions other than interest expense for the U.S. company (e.g., rent expense on sale / leaseback transactions, royalty expense on intellectual property (IP) licensing transactions)?
4. Should U.S. group companies make interest-bearing loans to other group companies that can benefit from interest deductions in their countries, thereby creating interest income in the U.S., against which the U.S. company could then deduct its own interest expense (e.g., should a U.S. company be a group finance company)?
5. Can lost interest deductions be replaced by more aggressive transfer pricing for other intragroup transactions (e.g., the intragroup purchase and/or sale of goods or services)?

All of these questions regarding intragroup transactions have important transfer pricing implications. For most intragroup transactions (other than those rare instances when the comparable uncontrolled price method is the best method), the prevailing transfer pricing theory permits a range of choices for the intercompany transfer price. So, whether the decision relates to the level of U.S. indebtedness, the substitution of interest expense with other types of deductions, or the creation of interest income in the U.S., the after-tax impact of those decisions can be significantly enhanced by proactive transfer pricing planning. This is true regardless of whether the objective is the more traditional one of minimizing taxable income in the U.S., or a new one to increase taxable income in the U.S. (with the offsetting decrease in other countries with higher tax rates) in light of dramatically changed U.S. tax rules. Our international tax and transfer pricing specialists can help your company to determine the most desirable course of action and to substantiate an appropriate / defensible range of choices for intercompany prices that will yield the optimal results.

Visit A&M Taxand’s Tax Advisor Minute for more helpful insights for executives in the technology sector.

Share and Enjoy


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