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FAQs
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How do I file income tax return in India?
Greeting Friends !!!If you are going to file it yourself, then following is the procedure:-Before you start the process, keep your bank statements, Form 16 issued by your employer and a copy of last year's return at hand. Next, log on to http://incometaxindiaefiling.gov...Follow these steps:Step 1: Register yourself on the website. Your Permanent Account Number (PAN) will be your user ID.Step 2: View your tax credit statement — Form 26AS — for the financial year 2015–16 . The statement will reflect the taxes deducted by your employer actually deposited with the I-T department. The TDS as per your Form 16 must tally with the figures in Form 26AS. If you file the return despite discrepancies, if any, you could get a notice from the I-T department later.Step 3: Under the 'Download' menu, click on Income Tax Return Forms and choose AY 2016–17 (for financial year 2015–16 ). Download the Income Tax Return (ITR) form applicable to you.Which Income Tax Return Form Require to file or applicable F.Y. 2015–16 by Hetal M Kukadiya on Tax Knowledge Bank - IndiaStep 4: Open the downloaded Return Preparation Software (excel or Java utility) and complete the form by entering all the details , using your all documentsStep 5: Ascertain the tax payable by clicking the 'Calculate Tax' tab. Pay tax (if applicable) and enter the challan details in the tax return.Step 6: Confirm all the information in the worksheet by clicking the 'Validate' tab.Step 7: Proceed to generate an XML file and save it on your computer.Step 8: Go to 'Upload Return' on the portal's left panel and upload the saved XML file after selecting 'AY 2016-2017 ' and the relevant form. You will be asked whether you wish to digitally sign the file. If you have obtained a DS (digital signature), select Yes. Or, choose 'No'.Step 9: Once the website flashes the message about successful e-filing on your screen, you can consider the process to be complete. The acknowledgment form — ITR—Verification (ITR-V ) will be generated and you can download it.Step 10: you can Verify online with EVC Pin or Take a printout of the form ITR-V , sign it preferably in blue ink, and send it only by ordinary or Speed post to the Income-Tax Department-CPC , Post Bag No-1 , Electronic City Post Office, Bangalore - 560 100, Karnataka, within 120 days of filing your return online.Its Advisable to go with CA help for filling Tax return. There are lots of amendment come in every year, to file accurate return and Tax planning benefit etc so Prefer to go with expert like CA, Tax Preparer etc…Be Peaceful !!!
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As a startup founder of three years our legal housekeeping is a bit of mess, how can I best setup a system to organize and track
As a startup founder of three years myself, I can relate to how legal housekeeping can be messy. Once a year, I have our own lawyers go through and do an audit of all of our legal paperwork (which costs a couple thousand dollars to be extremely thorough, but it’s worth it). Luckily, there are now many ways to easily manage and track all of your legal, financial, and HR documents via third-party sites that specialize in these management proceedings. I wrote a blog post about this awhile back titled “5 Ways to Save Time Dealing With Documents” which highlights certain sites that can be very beneficial depending on what paperwork you’d like to track or manage. They are as follows:1. GroupDocsGroupDocs is a new, comprehensive online service for document creation and management. It has multiple features, including a viewer for reading documents in your browser, an electronic signature service, an online document converter, a document assembly service, a feature for comparing different versions of a document, and an annotation feature. An individual plan is $10 per month for limited storage and 500 documents, while a group plan for up to 9 people is $19 per user per month. Based on the number of features and pricing, GroupDoc is a good-value purchase for a small business. As you’ll see below, GroupDocs can be cheaper than a service that offers only one such feature.2. signNowWhen you’re closing a deal and need to get documents signed, the last thing you need is a slow turnaround due to fax machine problems or the postal service. The solution is to use an electronic signature service such as signNow, which is one of the most popular e-signature companies in the world. This service allows you to email your documents to the person whose signature you need. Next, the recipient undergoes a simply e-signing process, and then signNow alerts you when the process is completed. Finally, signNow electronically stores the documents, which are accessible at any time. As a result, you can easily track the progress of the signature process and create an audit trail of your documents. The “Professional” plan is recommended for sole proprietors and freelancers, and costs $180 per year ($15 per month) for up to 50 requested signatures per month. The “Workgroup” plan is geared towards teams and businesses, and it costs $240 per user per year ($20 per month per user), for unlimited requested signatures.3. signNowsignNow is another e-signature service. Similar to signNow, signNow allows you to upload a PDF file, MS Word file or web application document. Next, you can edit the document, such as by adding initials boxes or tabs, and then email them out for signatures. Once recipients e-sign the document, signNow notifies you and archives the document. signNow offers low rates for these services: a 1-person annual plan with unlimited document sending costs $11 per month. An annual plan for 10 senders with unlimited document sending costs only $39 per month.4. ExariExari is a document assembly and contract management service that assists in automating high-volume business documents, such as sales agreements or NDAs. First, the document assembly service allows authors to create automated document templates. No technical knowledge is required; most authors are business analysts and lawyers. Authors have a variety of options for customizing documents, such as fill-in-the-blank fields, optional clauses, and dynamic updating of topic headings. They also can add questions that the end user must answer. Once you send out the document, the user answers the questionnaire, and Exari uses that data to customize the document. Next, the contract management feature allows you to store and track both the templates and the signed documents. Pricing is based on the size and scope of your planned implementation, so visit their website for more information.5. FillanyPDFIt’s a hassle having to print out PDF forms in order to complete them. Fortunately, FillanyPDF is a service that allows you to edit, fill out and send any PDFs, while entirely online. This “Fill & Sign” plan costs $5 per month, or $50 per year. If you subscribe to the “Professional” plan, you can also create fillable PDFs using your own documents. With this service, any PDF, JPG or GIF file becomes fillable when you upload it to the site. You can modify a form using white-out, redaction and drawing tools. Then, you can email a link to your users, who can fill out and e-sign your form on the website. FillanyPDF also allows you to track who filled out your forms, and no downloads are necessary to access these services. The “Professional” plan costs $49 per month, or $490 per year.Switching firms can be a hassle. As a former startup attorney, I have a bit of advice about finding the right attorney for your business: it’s best to focus on the specific attorney you’ll be working with. He or she should have a solid understanding of the ins and outs of your business industry, a deep knowledge of the legal issues your startup may face, and previous work experience with startups to ensure a quality and efficient work product. This is absolutely key when matching our startup clients at UpCounsel to attorneys on our platform who can perform their legal work and hash out their legal projects in a timely manner. We also allow clients to store any and all of their legal documents directly on UpCounsel so they don’t have to go searching in alternative places for the correct paperwork. It’s proven to be a free and lightweight way to store legal documents that our clients love. Here's what it looks like:As I’ve mentioned, it’s more important to find the right attorney as opposed to the right law firm. And seeing as you’re a startup, our own startup clients typically save an average of 50-60% on their legal work, since the attorneys don't include overhead fees (a.k.a. the fees included for doing business with the firm itself) in their invoices.Hope this gives you a deeper look into what other sites and services are out there. If you have any questions or would like more information on how best to handle your legal housekeeping/ attorney matters, feel free to signNow out to me directly. As a former startup attorney at Latham & Watkins, I’d be happy to give you some guidance.
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How can I fill GSTR1 by myself?
Hi,For July 2017, GSTR 1 has to be filed by 30th October,2018.You can use ClearTax GST Software: India's first ready-to-use GST Software-It is easy to use & you need to only upload your sales data & the software will automatically read the data & prepare the return form for you.Steps:1. Import / Create your dataGet your data into ClearTax GST software by following any of the four ways:Create invoices on ClearTax GST softwareIf you are using Tally, export GSTR 1 under statutory reports & import the file into Cleartax GSTIf you are using government GSTR 1 offline excel utility, fill the data ...
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India: What are the steps to fill an income tax return by myself in India?
what are the steps to fill tax return by myself in INDIA? Steps to be followed:-1. Check your tax credit online -The form 26AS has details of tax deposited with the income tax department on your behalf. This includes the TDS on bank deposits, salary, consultancy charges, or even sales of property. You can access it on line through your net banking account if it is linked to your PAN. Check whether the tax paid by you is reflecting in the form 26AS.2. Rectify mismatch, if any 1. in case oif mis match get the deductor to rectify and file a revised TDS return. this is important because tax department goes by what is stated in your form 26AS...
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What is it like for a foreigner living in Tallinn?
(I started to answer a very short answer and ended up with a long entry. I hope you find it useful.)As Richard Tuisk said, it depends a lot on where you are from. However, let me tell you what my experience has been so far in Estonia, what I think it is good and what I would see as a downside of living here. Of course, I need to qualify my answer by saying that I am Latin American, but also have lived in four other countries (including the US where I went to college).A quick introduction: Estonia is a small country located in the Baltic Sea next to Russia and Latvia and very close to Finland. It is part of the European Union. The area of the country is roughly the same as Switzerland or as Maryland and Massachussets combined. There is about 1.3 million people living here which means it is not densely populated. The country is essentially flat, except in the south where you find the highest point at 318 meters (1043 ft). The main city and where I live in is Tallinn. The population is about 400,000 people. Tartu is the second city with about 100,000 people and all the rest of towns are smaller than that.Immigration systemIf you are European, moving here is no problem as you enjoy all the benefits of any country within the European Union. If you are not European, the main reasons people immigrate here is to work which would guarantee a working visa or if you are married to an Estonian citizen which allows you to apply for a visa as long as you have enough funds to live here.Overall, the process to get a short-term visa is straight forward. Obtaining a long-term visa is more complicated as you have to speak the language at a relatively high level. Obtaining a citizenship requires that you give up your own citizenship.JobsAlthough Estonia suffered also during the 2008 crisis, there is enough jobs in areas of business and technology for people to move here. One of the problems Estonia faces is that it does not have enough people to fill all jobs in IT areas as I hear.There is a few big companies who recruit people from abroad, but if you don't speak the local language, your opportunities are reduced to the IT area (I work for Skype which originated here in Estonia which was acquired by Microsoft in 2011). You can see a list of notable companies here: List of companies of EstoniaSocial interactionEstonians tend to be reserved in comparison to other Europeans. I suggest to foreigners who come here to be aware of differences so they are not taken by surprise. Some examples of faux pas I have encountered:Using smalltalk in a conversation.Saying good morning when coming to office or good bye when leaving.Smiling with no reason (I have to accept that this could be awkward in Northern Europe and some parts of the US, but it is totally normal in Mediterranean or Latin American environments).Being noisy. People love their quiet here.However, it is totally Ok to try to make a conversation in English especially with young people. I am learning Estonian and try to use the language when I can, but in some occasions (say, at the pharmacy), I need to switch to English and have never found anyone being annoyed by that.The exception to all of this is if you meet young people. They tend to be more open and curious (especially women). I am speaking about more casual environments such as a cafe or a restaurant, but a bit less at work. Another obvious exception is if you are in a touristy area (such as the Old Town in Tallinn), but this should go without saying.It is totally Ok to be in a group of people and be totally silent. For example, you can have lunch or share a cab with Estonians when no one is speaking, but there is no awkwardness on it. Another thing is that people do not demonstrate much through their expressions which is one of the difficult things to deal with for me. Remember, I come from a country where you smile or frown or show your teeth if you want someone to understand you clearly.When having a conversation with an Estonian, you should say what you mean and mean what you say (remember what I said about smalltalk?). For example, if you ask "how are you?" to an Estonian, do it only if (a) you really want to know how the other person is, and (b) don't ask it if you don't know the person well. I value that Estonians take your word at face value and you should do the same with them.One word of advice is that Estonians can be very critical of others, but they are mainly critical of themselves. Someone told me once that complaining is a national sport, and I have to agree with that. In other words, when they tell you that something is truly bad here in this country, you have to take it with a grain of salt.Because of this, you should also expect that people are straight forward with you. In some cases, this borders on rudeness if I measure by my home country's standards, but here is totally Ok. I have seen a few foreigners getting shocked by that, but you get used to it. In other words, they are not politically correct (this I like very much).Also, because people are economical with the language, you shouldn't expect what I would call, a "warm" communication most of the time. As a latin person, I need to say and hear things on a beautiful way, but this doesn't happen here much. It is different when you start to get to know locals.Which brings me to the last point. It takes a while before you break the ice with an Estonian, but it is worth waiting. I have had the chance to establish a closer link with some locals outside my wife's family and I find an honesty and sincerity that I haven't seen in other places. If you get to that point, congratulations, as you have made it through this journey. By this time, you should also be an expert on sharing saunas with people you don't know (and yes, naked) and have had your share of vodka.Quality of life, services, infrastructureWhen compared to other places where I have lived, I have to say that Estonia still doesn't signNow the level of living in Germany or the US, but it is getting closer by the day. However, I would say that Estonia is already at the level that I would call it first-world country in most aspects.Infrastructure and services need some improvement, but they provide the minimum level of service. For example, if you don't have a car, you can use public transportation everywhere even if buses, trains or trams are sometimes old. Roads in Tallinn are Ok, even if you find potholes in some places. Services such as schools and hospitals are public which means that there is always a waiting list. If you need to visit a specialist doctor, you have to wait. On the other hand, the wait is not as bad as in third-world countries (like where I come from). Also, those services are basically free. The downside is that there is almost no private service, and even the ones there are rely partially on the public health system for some aspects.I have had two children born here and had no complaints about the process. In fact, I felt that everything was very professional and that they always try to do their best. However, when I spoke with Estonians, some of them were very surprised that I spoke highly of the hospital system. I guess it's up to my personal point of view in this case.Taxes are low. Personal income tax is 21% flat for everyone. If you live here and your visa allows it, you can create your own start-up in no time which is prevalent among young people in IT.By the way, unemployment was at 8% at the end of Q3 in 2013. I am no economist, but I understand that this is still considered high. However, it came down from 10.2% at the end of 2012.Food, shoppingEstonia has the typical supermarkets like any other European country. There is also local markets, but you probably need to speak Estonian or Russian. Typical food you find are potatoes, wheat-like grains, oats and so on. Pork meat and fish are eaten often here, but beef is not yet too common. Vegetables and fruits tend to be expensive. I miss having international food though. There is one supermarket in town (Stockmann) that carries some international products, but it is very expensive. I was used to visiting Oriental-type shops in Ireland and Germany, but there is none here that I know of.There is a few shopping centres, but the variety is not wide. I am in favor of buying local to support businesses here, but in many cases, we end up buying from abroad because of the lack of options or because we would have to wait for too long. For example, my wife and I love movies (yeah, still buying old-fashioned DVDs), but there is no shop that fills our expectations. Because of that, we buy everything from Amazon.ActivitiesIf you love nature, you are in luck. There is a lot of natural areas in the country and they are a short drive away. There is plenty of sea shores, forests, rivers and lakes. In the Summer you can do hiking, camping, canoeing and you can add cross country skiing in the Winter. Estonians love nature in general.If you are a city person (like myself), then that's another story. There is a few theatres, cinemas, galleries and so on, but everything is limited. Tallinn itself has the most interesting activities in the center. There is plenty of good restaurants though.Cinemas show the popular movies like everywhere else and you can find some artsy type of cinemas for alternative movies. No movie is dubbed here, but they usually carry subtitles in both Estonian and Russian.What is impressive about this countryThere is a few good things that I haven't seen outside Estonia. The first one is the electronic system prevalent in this country. When you are a foreigner and get your Estonian ID, you are also getting your electronic identity. With that, you can file taxes online, access information about property, bank accounts, mobiles, whatever services you need. When you get your local ID number, you automatically get a local e-mail address at the eesti.ee domain that you can redirect to your personal account. With that, you never miss an official communication (such as whenever is time to file your taxes).That ID has also legal validity and you can sign documents electronically anywhere in the world. For example, if you apply to get a car leasing, you don't have to show up at the bank necessarily. They send you some forms, you put your ID card in your computer reader, sign the document electronically, and send it back and that's it. It is the equivalent of putting your signature on paper in front of the bank official or lawyer. Estonian citizens and permanent residents are even allowed to vote online with their ID.A second impressive area is bureaucracy: it is a well-oiled machine. One recurrent example is taxes. You get the notification that your taxes are ready to file, you login to the tax office site, sign in, check that they have the correct information that they have collected from your company, employer and so on, sign with your ID card, and that's it. It might take as little as five minutes. My wife and I file jointly, so it takes us much longer: twenty minutes (and that's because we always forget to do one crucial step so we are delayed).The government doesn't even use paper for their minister meetings. They file everything electronically which is made available so you can follow up agendas, minutes and whatever happens there.You want to open your own company? It might take literally twenty minutes to do that too. All of this thanks to the frictionless bureaucratic system they have here. You want to park? Send a text to the number 1902 with your plate number and where you are parking and it will be charged to your mobile.One more impressive part: internet. Besides having decent speeds, there is practically free access points everywhere through the country. I personally have witnessed free available working access points in national parks and public beaches. You can read this article that talks about this (read the date: 2005!): Estonia sets shining Wi-Fi exampleIn my case, I don't use access points much because I have a decent LTE connection with my mobile. Mobile companies have good coverage and relatively good service. I remember that when we got our internet when we moved here, it took only one day to install it. When I measured the effective speed a few months later out of curiosity, it was 50 Mbps. Not bad.The downsidesAs anywhere else, there is a few things that you need to be aware of that could be difficult to adapt to.The first part for me is the social interaction which tends to be dry and quiet. I mentioned that above, so not much more to say here.Another one is the weather. In Winter, the sun might rise at 9:30 in the morning and set at 3 in the afternoon. That's just about six hours of sunlight. If you add that it is cloudy most of the time during the Winter, then you realise how dark it might be. As counterposition, Summers are amazing (up to 20 hours of sunlight and clear skies easily).Winters are relatively long. It gets cold around the end of October and stays that way until around April. It varies from year to year, but sometimes the temperature drops to -30 degrees Celsius (-22 F). Life rarely stops here because of the cold or snow though. I have taken the bus at -30 degrees Celsius. It makes for an interesting ride.One more problem for a foreigner to live here is that you feel a bit isolated from the world. Flights are available mainly to neighbouring countries plus Germany, UK and the Netherlands. If you are from another country, you always need to make connections which makes it longer and more expensive to go back home.Last, if you are from a big city, you might find even Tallinn a bit provincial. It is changing as of late though. On the other hand, there is some positive things out of this too: less crime and virtually no traffic jam as I know it (I live 20 km. from work and make it in 30 minutes on a good day and 45 on a bad one).If you are thinking to move here, I definitely recommend this place.
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I have lost my RC book. Who can get me a duplicate RC book in Bangalore, Indiranagar RTO?
I applied today(25 April 2017) for a duplicate RC smart card in Koramangala RTO. There are a few changes in process from those mentioned in other answers. So, i thought I will write up the updated process.Step 1: File a police report onlineGo to http://bcp.gov.in/ and click on ‘Lost and found’ and register the lost report for your RC. Make sure you read the FAQ page on the website. It is very informative.There is no need to go to the police station. My online police report was accepted by the Koramangala RTO.Step 2: Get a B-extract from a Bangalore One centre.Visit any Bangalore one centre ...
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How do I file my income tax myself?
Greeting Friends !!!If you are going to file it yourself, then following is the procedure:-Before you start the process, keep your bank statements, Form 16 issued by your employer and a copy of last year's return at hand. Next, log on to http://incometaxindiaefiling.gov...Follow these steps:Step 1: Register yourself on the website. Your Permanent Account Number (PAN) will be your user ID.Step 2: View your tax credit statement — Form 26AS — for the financial year 2015–16 . The statement will reflect the taxes deducted by your employer actually deposited with the I-T department. The TDS as per your Form 16 must tally with the figures in Form 26AS. If you file the return despite discrepancies, if any, you could get a notice from the I-T department later.Step 3: Under the 'Download' menu, click on Income Tax Return Forms and choose AY 2018–19 (for financial year 2017–18 ). Download the Income Tax Return (ITR) form applicable to you.Step 4: Open the downloaded Return Preparation Software (excel or Java utility) and complete the form by entering all the details , using your all documentsStep 5: Ascertain the tax payable by clicking the 'Calculate Tax' tab. Pay tax (if applicable) and enter the challan details in the tax return.Step 6: Confirm all the information in the worksheet by clicking the 'Validate' tab.Step 7: Proceed to generate an XML file and save it on your computer.Step 8: Go to 'Upload Return' on the portal's left panel and upload the saved XML file after selecting 'AY 2018-2019 ' and the relevant form. You will be asked whether you wish to digitally sign the file. If you have obtained a DS (digital signature), select Yes. Or, choose 'No'.Step 9: Once the website flashes the message about successful e-filing on your screen, you can consider the process to be complete. The acknowledgment form — ITR—Verification (ITR-V ) will be generated and you can download it.Step 10: you can Verify online with EVC Pin or Take a printout of the form ITR-V , sign it preferably in blue ink, and send it only by ordinary or Speed post to the Income-Tax Department-CPC , Post Bag No-1 , Electronic City Post Office, Bangalore - 560 100, Karnataka, within 120 days of filing your return online.Its Advisable to go with CA help for filling Tax return. There are lots of amendment come in every year, to file accurate return and Tax planning benefit etc so Prefer to go with expert like CA, Tax Preparer etc…Be Peaceful !!!
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What does the "E" mean when referring to a large company's tiers of employees?
I’ll assume we mean CEO and EVP. — Executive is what it stands for, and it’s a jargon term of sorts. The dictionary defines it to mean: “having the power to put plans, actions, or laws into effect”.To me, executive, or being an executive, means that you have the power and fiduciary capacity to bind or obligate, contractually, a company or corporation (to do something) on your own authority. — Not every executive will have an E in his or her title.Vice President, or VP, is a prototypical example of a junior executive. President is the most obvious example. Many companies may have only a President and a VP; it won’t have an EVP (Executive Vice President).Corporate charters usually list a President, a VP, a Secretary, and a Treasurer; sometimes, the last two are combined as Secretary-Treasurer. — This type of Secretary is not the receptionist-kind, though I guess nothing stops him or her from working as the business’s receptionist.These four corporate officers are your obvious corporate executives. It’s only after you list them that you might start handing out C-suite titles, like CEO, COO, CFO, etc.It can get confusing. — The CEO (Chief Executive Officer) you’d think would be the chief officer and executive of the company. Wait until you run across someone who is the Chairman (of the Board of Directors [BOD]) and CEO; and, the #2 person in the company is the President and COO.In that case, who is senior? Is the CEO higher up than the President? — All of this depends.You have to look at your corporate charter (i.e., your bylaws and other internal regulations); and, you have to comply with the rules of whatever agency you’re working with.Many years ago, I was on the phone with the IRS trying to figure out why they claimed to be missing a tax return that was filed a decade ago. By on the phone, I meant I was on hold for an hour, and then finally an agent came onto the line. She asked for various information about the company and finally asked me for my title, to which I respond, “Chief Financial Officer”. — She said, “That is not a recognized title for a person I can talk to about these matters for the type of business this is”.I was pretty worn out, and the thought of having to go through that wait again was something I was going to avoid at all costs. — My title was the CFO. The only person higher up in the company was the President. So, it gave me an idea. I said, “Well, I’m a Vice President as well, if that helps”.I heard her type that into her computer, and then, monotonically, she said, “That is an acceptable response. How may I help you?”Documents I had to sign, which were submitted to the IRS, and prepared by an outside CPA, listed my name and followed by my title: “C.F.O.” — and, that never caused a problem.Even earlier on, I was dealing with a governmental agency of some sort (can’t remember) in person, and when I finally got around to seeing a real person, she asked me similar questions, and then, she asked for my title. I was basically asleep by that time, so I fumbled my words a bit before spitting out CFO/Chief Financial Officer.For some reason, that triggered something in her, and she responded, “Are you sure that’s your title?” — I was in my late 20s. I was not dressed in a suit. Yes — that was my title.She asked me for my ID, and I stored my business cards right behind my driver’s license, so I handed her both. She compared them with my face, and then we were off to the races.I’ve had banks have no problem with me signing documents on behalf of a corporation as the CFO, and I’ve had a bank, once, only care to accept the signature of the President and the VP, jointly.Considering the nature of the document — it was just to attest that we were finished building something; that construction had been completed — I told the lender, with whom I’d previously worked, when I worked at that bank, that he’d have an exception on him until the end of time if he waited around on those two people to come in to the bank and sign his document.An “exception” is missing documentation that the compliance department requires you to fill out or for customers to fill out and sign. As I used to audit exceptions for officers of the entire banking system, I knew that lenders, usually, had pages of these, which were bad for them and bad for the bank.Anyway, I repeated again that I was the CFO of the corporation and one of only three people who could sign anything binding on behalf of the corporation, so he basically had the choice to accept my signature or to get nothing. — We’d likely not be doing business with his bank again, because — in general — our customers had their own cash already; we didn’t deal with people who had to have us be a part of the finance process.The nominal VP didn’t even work full-time for the corporation anymore, and the President was not going to sacrifice time with his customers to come put a signature on what he’d think was a worthless sheet of paper.I signed the paper, as the CFO, and the next year he used my email address to solicit us for money for one of the bank’s community fundraisers. — I should have reported him.So, it’s not always obvious who is an executive of a company or a corporation, and it’s not always obvious what title you’ll be expected to use when presenting yourself, as an executive of a corporation, to some other person or some other agency.Corporations are incorporated within one single state, and you can usually do an online search for “franchise tax status” for a particular state and figure out whom the officers are for corporations, because corporations are subject to franchise tax reporting and the identities of corporate officers are not usually private information.In so doing, you’ll likely get merely the last filed update to the corporate charter listing the Pres., VP, Secretary, and Treasurer.For larger corporations, where you may see everything from AVP, Officer, VP, SVP, and EVP, you’re out of luck. — In my younger years, when I worked at the bank, the lady who sat two desks over from me was an Assistant Vice President but reported to a lady who was no higher up the figurative ladder than I was. If I needed someone to co-sign an official bank check, because the amount of the check was above my signing limit, then I’d go over to the AVP, not to my supervisor.I offer that up as clarification on what executive means because — if your subordinate is some-sort-of-VP, and you’re not some-sort-of-VP — then, it’s questionable whether the AVP is an executive of the corporation.A bona fide (full) Vice President is usually always an officer and executive of a corporation, firm, or organization. — These people have signNow abilities to bind the corporation contractually and to attest and affirm, on behalf of the corporation, that certain documents are true and correct submissions.Even if you have four Executive Vice Presidents, ten Senior Vice Presidents, and 37 VPs, unless otherwise stated in the law, or on the form, if the VP signs it, then the corporation is bound by the signature of the VP.Even if the corporate bylaws say that, e.g., only the President can sign tax returns on behalf of the company, the submission will be accepted on behalf of the attestation and signature of the VP — almost any VP. Probably, even the AVP whose supervisor carries no title that could be confused with that of an officer/executive.In practice, if you have a big title, — at least once the novelty of it has worn off — you’re only going to want people or organizations that require such a title to know what your true title is. — It’s fine to the tell the IRS you’re the President and CEO, but you might not want to tell everybody you meet that’s true.That is — until you meet someone who, for some reason, doesn’t trust that the person with whom they are speaking has a word that carries any weight at the company. — The prototypical example here is a disgruntled customer.I don’t know how many times I’ve had a guy who was mad about something use something like, “Well he
said that y’all were gonna do .”At that point, it is great to be able to say, “He doesn’t have the authority to make such promises. Only the manager does, and I’m the manager.”—And, I’ve been in the situation before when, for whatever reason, my supervisor was actually myself. — Didn’t mean I didn’t have a boss, but given the normal chain of command, for some reason, I was my own direct report.So, when the guy then says, “Well! If you’re the manager, then I wanna speak to your boss!”At which point you say, “Well, I’m also the CFO of the entire corporation, and this manager normally reports to me. So, you’re already talking to his boss.”“Oh.”—One thing an executive can do that, usually, an employee or manager cannot do, is to sever a relationship with a customer or a supplier.That action severs the potentiality of future cash inflows and outflows. Without having a greater understanding of the organization, above and beyond what the everyday employee has, — the organization’s needs, its weakness, its vulnerabilities; its profit margins and balance sheet — you lack what you need to make such decisions.These are decisions that alter contractual arrangements or that create new ones. — Most of the time, an executive makes those decisions, and he or she may act on them himself, or he may delegate the operational communication of them to other people, be it an assistant or, even, a low-level employee.Big decisions certainly can be delegated. That said, big decisions are made by people with E somehow related to their titles. — Unless, of course, if they are unauthorized.
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