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Office Furniture Sector Experiences Increasing Growth

office furniture

According to latest sales figures along with the quarterly activity index, it is now evident that the office furniture sector is now experiencing generous growth and it would seem that this growth would continue on to next month’s NeoCon tradeshow which would be held in Chicago.

Knoll Inc. and HNI Corp. are two of the most notable key players in this growth, other than that; they are also one of the leading providers in this industry. Both of them had reported that their furniture divisions have had strong sales growth for the last month, April.

Meanwhile, throughout the rest of the office furniture industry, Michael A. Dunlap & Associates LLC have registered 56.80 on a scale of zero to one hundred which can be compared to January’s 57.27 and as well as a 57.58 experienced six months ago. The index for the month of April is also considered as the third biggest since last 2007.

Michael Dunlap had said that the industry is continuing to move steadily and is also improving on its trend line. He also said that they are reaffirming their prediction that the industry is heading towards the achievement of experiencing the best year in more than a decade.

The index reportedly gauges in 10 different categories and this is based in the surveys from different furniture makers and suppliers executives. Last April, three of these categories have experienced an improvement while the remaining 7 have declined with ‘minor adjustments’ to be made.

The declines for last April are considered by Dunlap as not very significant since they have been experiencing growth since 2013. He also said that the industry will continue to grow in the second and third quarter of this year.

With Knoll and HNI, the sales for office furniture have doubled in the first quarter. The Knoll based in The East Village, Pa has reported a sale of $167.7 million while the HNI based in Iowa has a sales of $407.4 million with 13.7 percent increase from the last quarter.

It has been projected that sales for HNI will grow from 8 percent to 12 percent in the next quarter.

All in all, it can be said that it will be a good year for the office furniture industry.

What Are Actuaries For?

If your SMSF has a pension fund then it is necessary that you have an actuary where you can request for actuarial certificates. Some trustees don’t see the need in having an actuary but in reality, they are important when actuarial certificates are needed. Not only intended for pension funds but also for transition to retirement pensions. The process is fairly easy when getting actuarial certificates and you will only have to cover the cost which is around a few hundred dollars.

Actuaries have a profession that requires the use of mathematical techniques which is needed to determine future predictions. In Australia, a legal actuary must have qualifications from the Actuaries Institute.

If you are contributing in a pension then along the way you will need an actuary especially if the funds involved are not properly segregated. The certificate created by an actuary will ensure that your funds will get a tax exemption. Without the said certificate, tax exemption will not be granted. This is only beneficial if the amount of the tax exemption is greater than what you will need to pay an actuary for a certificate. If it less than that then there is no point in acquiring one.

The certification will not be necessary under these circumstances:

  • In one financial year, the members of the SMSF are receiving pensions and the pension’s account balance is the same as the super fund’s asset’s value.
  • Not one of the members under your SMSF is currently receiving an ongoing pension.
  • The super fund is contributing to one or many pensions but the pension’s balance must be less than the asset of the super fund. The funds must also be properly segregated.

Here is a summary of the process involved in getting a certification:

  • All fund transactions details must be given to the actuary.
  • A percentage is calculated and is stated on the certificate. The percentage is the determinant of the tax return the fund is getting.
  • The percentage is also the determinants of the taxable income’s exact amount which can be exempted.

This certification is easily done by a qualified actuary and is mostly done automatically in some actuarial firms.

Cambridge JustPark Program: Hassle-Free Parking For A More Fun Shopping

Cambridge is the kind of place that gets the mall area very crowded during Christmas season. This is because of the last minute shopping that is encouraged by holiday sales. People living near those areas find this as an opportunity to make money while helping people by giving them a space to park. They give tabs on those who want to rent the space outside their houses or backyards. While some give reasonable prices for consideration of the fact that their place is one of the busiest and most occupied cities outside the barriers of London, others see this venture as their only chance to get a big sum of money without actually exerting any effort.

An example to the various people who did the favor of giving out spaces from their own estates is Marc Aizlewood who has been a local at Cambridge for many years now. He claims to have had about a hundred customers for the holidays that are very serious on renting hid driveway. He charged £5 each day for every single one of them. This was made possible with the help of the JustPark organization that makes listings of possible driveways that people can use for parking. After Marc joined in into the scrambling craze of holiday parking spree, he has gained a surmountable amount of profitable gain.

The founder of the JustPark, Anthony Ezkinazi stated that he is expecting to feel the full blow of the Christmas season effects on driveways and pavements during the Christmas day itself; making people with cars settle on higher streets which are kilometers away from the center. With the help of the JustPark website, people can now book spaces that are near the malls so that they would not have to fight and or hassle themselves to find a spot to park. JustPark spokesperson recognized the difficulty of the situation every Christmas holidays and promotes their website to further simplify the lives of those who live in Cambridge. Because of this whole ruckus, Cambridge is titled to be one of the places to have the most expensive parking spaces during holiday season.

Start Turning Your Hobby Into A Business

If an aspiring entrepreneur can benefit from doing something he loves then turning it into a business is the next best step. It could be a hobby, something he does when he has some free time or something he is very passionate about.

A starting businessman can start with something small and test it on the market. One very important thing to consider is if he can take his product or expertise to the market. If the market takes it well then he may start deciding whether he is ready to start a business of his own.

One thing for sure, he will be facing a dilemma like most starting entrepreneurs, leave his full-time day work and focus on his new business or leave it as a sideline. Most businesses take up a lot of time and effort if a person really wants it to work.

Here are some tips from business experts Simon Devonshire and Tina Ritchie which they shared in an article in BBC News:

• Know the problem to be solved
• Think of a brand name, unique logo and own the website name
• Inquire about loans and grant schemes that are available
• Don’t invest big in the beginning of a venture, sell and test the market first

Either a person is into baking, jewellery making or programming the next hit website in the World Wide Web, he should have a general idea of what problem he is trying to solve and what purpose the product serves. Most often, starting entrepreneurs are having a hard time finding the right product to sell rather than finding funds to start a business.

Once he got an idea and he knows what he wants to do, he can ask around and apply for grants and loan schemes that are available for him. A new business could start with something small. Not until the product is tested by selling in the market will you know if you are onto something.

A business will thrive if a person does what he loves and loves what he do.