Why It’s Totally OK If You Still Don’t Know What Your Passion Is

Jurate Gulbinas   |   7 Feb 2017   |   2 min read

Uncertainty about what a person’s passion in life is can cause anxiety for adults. The inability to stay on just one career path and instead jump from one interest to another can be a strength, not a weakness. Idea synthesis, rapid learning, and adaptability are qualities found in people who tend to jump around careers and interests in life. It is not a waste of time to pursue an interest, even if that particular interest ends. The skills and knowledge picked up in one field transfer to each new field the person tries.

Key Takeaways:

  • When you’re five years old, the question “What do you want to do when you grow up?” is fun. You just yell out firefighter, veterinarian, or pirate and every adult in the room cheers you on.
  • But for a good number of folks, as you grow older, this question starts to spur anxiety rather than imagination. These are the people whose high school aptitude tests come back inconclusive, who struggle to narrow it down to just two majors at university, and who scan all those blog posts on uncovering your passion searching for answers.
  • “I’m supposed to do just one thing for my entire life?” they ask with a shudder. “That sounds so … boring. How could I ever choose?”

“Multipotentialites excel at “combining two or more fields and creating something new at the intersection. Innovation happens at the intersections.””

http://www.inc.com/jessica-stillman/still-havent-found-your-passion-3-reasons-to-celebrate-your-indecisiveness.html

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Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we discussed the ways in which US states themselves...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients, family offices, and established privately owned...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in a foreign corporation that own more than 10% of...

 

Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients,...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in...

Pole vaulting on Jupiter

Jurate Gulbinas   |   6 Feb 2017   |   2 min read

Even an Olympic athlete is going to do poorly on Jupiter. The gravity is two and half times greater, which means you’re just not going to jump very well. On the other hand, our moon gives you a huge advantage… You weigh less than 30 pounds. It’s a mistake to judge your effort or your form in either setting. It’s not, “I jumped poorly on Jupiter and because of my poor form, I only went three feet.” Instead, it’s more like, “I jumped on Jupiter and I went three feet.”

Key Takeaways:

  • Even an Olympic athlete is going to do poorly on Jupiter. The gravity is two and half times greater, which means you’re just not going to jump very well.
  • It’s a mistake to judge your effort or your form in either setting. It’s not, “I jumped poorly on Jupiter and because of my poor form, I only went three feet.” Instead, it’s more like, “I jumped on Jupiter and I went three feet.”
  • Best idea: Don’t pole vault on Jupiter. Do it on the moon if you need a good score. Second best idea: If you’re stuck on Jupiter, give yourself some slack instead of crawling away in shame.

“Even an Olympic athlete is going to do poorly on Jupiter. The gravity is two and half times greater, which means you’re just not going to jump very well.”

http://sethgodin.typepad.com/seths_blog/2017/02/pole-vaulting-on-jupiter.html

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Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we discussed the ways in which US states themselves...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients, family offices, and established privately owned...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in a foreign corporation that own more than 10% of...

 

Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients,...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in...

Elon Musk Targets ‘Full’ Self-Driving Capability For Teslas Within 6 Months

Jurate Gulbinas   |      |   1 min read

Auto industry engineers, scientists and regulators are racing to work out all the details of how autonomous cars will function so that they can be ready to come to market by the early 2020s. Elon Musk, Tesla’s brash CEO, says his electric vehicles will start to gain that capability within just six months.

Elon Musk Targets ‘Full’ Self-Driving Capability For Teslas Within 6 Months

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Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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Podcast: Navigating NFTs, DAO and GameFI


21st Mar 2024
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Boon Tan, Managing Director of CST in Singapore, recently joined Hemandra Tanapalan, Chief Executive Officer at Mstige Holdings, to discuss the intricate world of Web3 Together they unpack the tax...

 

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Our Managing Director in Singapore, Boon Tan, will be participating in Singapore Global Network’s “Relocation to Singapore” webinar The webinar is designed for foreigners relocating to...

 

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10th Mar 2020
Jurate Gulbinas

Section 6048 requires US taxpayers to make an annual report regarding financial or asset transfers in relation to the receipt of distributions from foreign trusts Taxpayers can be penalised if they...

 

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21st Mar 2024
CST Tax Advisors

Boon Tan, Managing Director of CST in Singapore, recently joined Hemandra Tanapalan, Chief Executive Officer at Mstige Holdings, to discuss the...

 

Webinar: Relocation To Singapore


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CST Tax Advisors

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US Taxpayers given some Reporting Relief on certain Foreign Trust Investments


10th Mar 2020
Jurate Gulbinas

Section 6048 requires US taxpayers to make an annual report regarding financial or asset transfers in relation to the receipt of distributions from...

This Road Warrior Shares Business-Travel Productivity Tools

Jurate Gulbinas   |      |   2 min read

Here are some tools to help you stay productive and connected to your team. That travel, when not properly planned or managed, can seriously impact not only the productivity of the person traveling but everyone whose work is linked to that individual. Its hard enough keeping track of meetings when you’re physically in an office and working with different teams. But keeping track gets more intense when your team is scattered around the globe and you’re traveling.

Key Takeaways:

  • Technology has given us the ability to grow any business to a global level quickly, with remote workers around the world and multi-site operations at our fingertips. Still, despite our digital connectivity, global and multi-site operations still require travel — in some cases, a lot of it.
  • And that travel, when not properly planned or managed, can seriously impact not only the productivity of the person traveling, but everyone whose work is linked to that individual.
  • I myself travel pretty extensively around the world for work, to speak at conferences and of course for leisure activities. Because I run a handful of companies, my team is distributed across several time zones.

“Having a lot of remote teams can create snags for collaboration, so we lean heavily on Google for a lot of applications. This is true for file storage, as well as Google Docs, for reviewing and working together on content.”

https://www.entrepreneur.com/article/286151

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Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we discussed the ways in which US states themselves...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients, family offices, and established privately owned...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in a foreign corporation that own more than 10% of...

 

Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients,...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in...

Invaluable Business and Life Lessons I Learned Playing Poker

Jurate Gulbinas   |   5 Feb 2017   |   2 min read

It’s always beneficial to listen to others’ advice even if we don’t take it because you never know when someone might have a new perspective you never considered There’s a great one here. It uses poker to teach life and business lessons. It’s interesting and will help you see things differently in your own life. Who knew poker could teach anyone anything?

Key Takeaways:

  • The best you can ever do is play the hand you’re dealt as well as you can. The future is always changing, and you can’t help when bad cards fall.
  • No matter how good your cards are, there are very few times when you’re 100 percent guaranteed to win. The trick to business, life and poker is to “gamble’”at the right time — when the odds are in your favor.
  • Whether you’re in a relationship or running a business, be sure you give yourself some time to breathe. That time in the clouds will allow you to execute more effectively in the trenches.

“The best you can ever do is play the hand you’re dealt as well as you can.”

https://www.entrepreneur.com/article/287615

Download our eBook “Moving To The US”

Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we discussed the ways in which US states themselves...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients, family offices, and established privately owned...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in a foreign corporation that own more than 10% of...

 

Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients,...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in...

5 Ways The Internet Of Things Will Influence Commerce

Jurate Gulbinas   |      |   2 min read

IoT, a new way of using technology for commerce is a growing concept and there are five ways to use it right now. You can now track the fulfillment of your orders through an efficient system of managing your orders. You can automatically track and refill your durable goods as needed. Manufacturers of durable goods could connect with their customers through remote trouble shooting and maintain a profitable relationship with their customers for selling products that enhance what they bought. You can access more data collected about customer behaviors and trends to make your business more efficient. Finally, you can use your collected dat to make a more personalized experience with your clients.

Key Takeaways:

  • The “internet of things” (IoT) concept is in its nascent stage of development, but it is on the verge of exploding.
  • To put its development into context of another more recent phenomenon, this is the stage of development in which MySpace was attracting the earliest adopters in the then-burgeoning social media industry.
  • Simply stated, there are many more iterations of the IoT universe until this concept reaches public consciousness.

“Given that many durable goods products require continuous replenishment, notably detergents, fabric softeners or printer ink, there is an opportunity to automate the ordering process.”

http://www.forbes.com/sites/michelleevans1/2017/01/24/5-ways-the-internet-of-things-will-influence-commerce/

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Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we discussed the ways in which US states themselves...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients, family offices, and established privately owned...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in a foreign corporation that own more than 10% of...

 

Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients,...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in...

Join the club: why it makes sense to bring people together

Jurate Gulbinas   |   4 Feb 2017   |   2 min read

Nowadays, women want to take a break from their busy lives and do something they enjoy. One way they are doing this is by joining clubs in their cities. There are a wide variety of clubs in London that you can join, such as the Reform Club. Read on to find out why joining clubs are important and how they can benefit you.

Key Takeaways:

  • Now women go to clubs to get away from whatever needs doing at home – and I don’t mean just the one or two meant for women alone
  • There’s an array of boltholes for people – men and women – according to their interests.
  • The English-Speaking Union always houses the meetings of my book club – and sports any number of lectures and debates of overseas concerns.

“The English-Speaking Union always houses the meetings of my book club – and sports any number of lectures and debates of overseas concerns.”

https://www.theguardian.com/lifeandstyle/2017/jan/29/join-the-club-why-it-makes-sense-to-bring-people-together-katharine-whitehorn

Download our eBook “Moving To The US”

Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we discussed the ways in which US states themselves...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients, family offices, and established privately owned...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in a foreign corporation that own more than 10% of...

 

Online Business with No Physical Presence May Be Liable for US Sales Tax


29th Nov 2019
Jurate Gulbinas

In our previous article on the topic of sales tax in September 2018, titled “Understanding Sales Tax in the US” Click here to read the post, we...

 

Tax Accountant/ International Tax Advisor


8th Aug 2019
Jurate Gulbinas

About CST Tax Advisors CST Tax Advisors is a global firm of CPAs, chartered accountants, and attorneys that advise globally mobile private clients,...

 

FAQ


14th Jun 2019
Jurate Gulbinas

What is a CFC A CFC is a foreign corporation in which more than 50% of the shares are held by US Shareholders US Shareholders are shareholders in...

The Top 5 U.S. Airports With the Fastest Wi-Fi

Jurate Gulbinas   |      |   1 min read

Speedtest has discovered the top U.S. airports with the fastest internet speeds. During the last three months of 2016, Speedtest examined airport-sponsored Wi-Fi at 20 airports with the most passenger boarding in the country. The company also compiled data from AT&T, Sprint, T-Mobile and Verizon to uncover the fastest cellular speeds at U.S. airports.

The Top 5 U.S. Airports With the Fastest Wi-Fi

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Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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Podcast: Navigating NFTs, DAO and GameFI


21st Mar 2024
CST Tax Advisors

Boon Tan, Managing Director of CST in Singapore, recently joined Hemandra Tanapalan, Chief Executive Officer at Mstige Holdings, to discuss the intricate world of Web3 Together they unpack the tax...

 

Webinar: Relocation To Singapore


13th Mar 2024
CST Tax Advisors

Our Managing Director in Singapore, Boon Tan, will be participating in Singapore Global Network’s “Relocation to Singapore” webinar The webinar is designed for foreigners relocating to...

 

US Taxpayers given some Reporting Relief on certain Foreign Trust Investments


10th Mar 2020
Jurate Gulbinas

Section 6048 requires US taxpayers to make an annual report regarding financial or asset transfers in relation to the receipt of distributions from foreign trusts Taxpayers can be penalised if they...

 

Podcast: Navigating NFTs, DAO and GameFI


21st Mar 2024
CST Tax Advisors

Boon Tan, Managing Director of CST in Singapore, recently joined Hemandra Tanapalan, Chief Executive Officer at Mstige Holdings, to discuss the...

 

Webinar: Relocation To Singapore


13th Mar 2024
CST Tax Advisors

Our Managing Director in Singapore, Boon Tan, will be participating in Singapore Global Network’s “Relocation to Singapore” webinar The...

 

US Taxpayers given some Reporting Relief on certain Foreign Trust Investments


10th Mar 2020
Jurate Gulbinas

Section 6048 requires US taxpayers to make an annual report regarding financial or asset transfers in relation to the receipt of distributions from...

Join the Perfect LinkedIn Group to Boost Your Bottom Line

Jurate Gulbinas   |      |   2 min read

From the outside, LinkedIn Groups might appear to be less popular than ever, as recent changes and new restrictions make groups seem smaller and less active. Yet, while at first these changes may seem a bad omen, they are not the result of a decline in the feature’s popularity. They actually reflect a substantial increase in LinkedIn Groups’ exclusivity. And that’s great for your sales.

Join the Perfect LinkedIn Group to Boost Your Bottom Line

Download our eBook “Moving To The US”

Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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Podcast: Navigating NFTs, DAO and GameFI


21st Mar 2024
CST Tax Advisors

Boon Tan, Managing Director of CST in Singapore, recently joined Hemandra Tanapalan, Chief Executive Officer at Mstige Holdings, to discuss the intricate world of Web3 Together they unpack the tax...

 

Webinar: Relocation To Singapore


13th Mar 2024
CST Tax Advisors

Our Managing Director in Singapore, Boon Tan, will be participating in Singapore Global Network’s “Relocation to Singapore” webinar The webinar is designed for foreigners relocating to...

 

US Taxpayers given some Reporting Relief on certain Foreign Trust Investments


10th Mar 2020
Jurate Gulbinas

Section 6048 requires US taxpayers to make an annual report regarding financial or asset transfers in relation to the receipt of distributions from foreign trusts Taxpayers can be penalised if they...

 

Podcast: Navigating NFTs, DAO and GameFI


21st Mar 2024
CST Tax Advisors

Boon Tan, Managing Director of CST in Singapore, recently joined Hemandra Tanapalan, Chief Executive Officer at Mstige Holdings, to discuss the...

 

Webinar: Relocation To Singapore


13th Mar 2024
CST Tax Advisors

Our Managing Director in Singapore, Boon Tan, will be participating in Singapore Global Network’s “Relocation to Singapore” webinar The...

 

US Taxpayers given some Reporting Relief on certain Foreign Trust Investments


10th Mar 2020
Jurate Gulbinas

Section 6048 requires US taxpayers to make an annual report regarding financial or asset transfers in relation to the receipt of distributions from...

Uber is business travelers’ no. 1 expense

Jurate Gulbinas   |   3 Feb 2017   |   2 min read

When you go to a new city for business you need to get around the town. This used to be what taxis were for, now it is Uber. In a new report the number one expense of people traveling is Uber, where it used to be coffee. This proves the tech giant is here to stay.

Key Takeaways:

  • A new study found that 6% of all business travel transactions in 2016 were with Uber, making the ridesharing company the most common expense,
  • The findings are a reminder of the rapid growth of ridesharing, and the challenging future for traditional car rental companies and taxis.
  • Both Uber and its competitor Lyft saw huge gains in 2015, while taxi and rental cars suffered.

“The findings are a reminder of the rapid growth of ridesharing, and the challenging future for traditional car rental companies and taxis. Both Uber and its competitor Lyft saw huge gains in 2015, while taxi and rental cars suffered.”

http://money.cnn.com/2017/01/26/technology/uber-expense-reports/index.html

Download our eBook “Moving To The US”

Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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