Business expenses

Tax preparing
Tax preparers can ask for detailed, itemized copies of your expenses before submitting the return. Any business should save this kind of records for about 7 to 10 years from the date of filing.

There are 2 kinds of expenses:
Ordinary - means that most other self-employed taxpayers who work in your same business or trade also commonly pay for these things.
necessary - means that they assist you in doing business and, in fact, you might not be able to do business if you did not make the expenditure.

List of most common fully deductible business expenses:

• Accounting fees 
• Advertising 
• Bank charges 
• Commissions and sales expenses 
• Consultation expenses 
• Continuing professional education expenses 
• Contract labor costs 
• Credit and collection fees 
• Delivery charges 
• Dues and subscriptions 
• Employee benefit programs 
• Equipment rentals 
• Factory expenses 
• Insurance 
• Interest paid 
• Internet subscriptions, domain names, and hosting 
• Laundry 
• Legal fees 
• Licenses 
• Maintenance and repairs 
• Office expenses and supplies 
• Pension and profit-sharing plans 
• Postage 
• Printing and copying expenses 
• Professional development and training fees 
• Professional fees 
• Promotion 
• Rent 
• Salaries, wages, and other compensation 
• Security 
• Small tools and equipment 
• Software 
• Supplies 
• Telephone 
• Trade discounts 
• Travel 
• Utilities 

Then there are expenditures for which you can only claim a percentage.

Customer

What is the customer?

A customer is an individual or business that purchases the goods or services produced by a

business. Attracting customers is the primary goal of most public-facing businesses because

it is the customer who creates demand for goods and services. Businesses often compete

through advertisements or lowered prices to attract an ever-larger customer base.

How to get more customers?

If you’re having trouble expanding your customer base, you may be inadvertently narrowing

your focus—and with that, missing the mark with potential new customers.

Your existing network may be the best place to reach out to, as their good word of mouth will

help grow your customer base.

On a smaller, more immediately actionable level, there are plenty of strategies you can take

with your marketing that can potentially draw in new customers. Add a call to action for every

piece of marketing you send out—whether that be an Instagram post, a weekly newsletter,

or one of your offline marketing strategies.

Offer your customers a free trial of your product. Free trials are a great way to market since

they attract new customers and garner good reviews and testimonials. They also allow you to

get more feedback on new products and then make improvements where needed.

If you are a service-based business, offering your service for free, in exchange for the client

serving as a “case study” or providing a detailed account of the benefits of your service can

be a great way to get new clients.

Company name

The name by which people know your business. Different from your dba--which is the legal name you register for your business, this is the name you'd use to advertise and sell your products and services.

Choosing a name for a company can be the first step in developing a new identity for the business and establishing a new image. It's the first impression the public will have of your growing company. Today, coming up with a good business name is more difficult than ever because many of the best names have already been trademarked. It is not easy to choose your business or brand name.

How to choose a business name?

Choose a name that appeals not only to you but also to the kind of customers you're trying to attract. To get customers to respond to your business on an emotional level, choose a comforting or familiar name that conjures up pleasant memories. Stay away from cute puns that only you understand.

Your name can’t be the same as another registered company’s name.

What to avoid?

If your name is too similar to another company’s name you may have to change it if someone makes a complaint.

Avoid unusual spellings. Avoid picking names that don’t allow your business to move around or add to its product line. Don't pick a name that's long or confusing.

Example

Name changes may also be necessary when conflicts arise with names of other companies in the field as you expand into new markets. eBay founder Pierre Omidyar originally called his online auction service Auction Web. Later, trying to come up with something catchier, he picked Echo Bay. When he tried to register the name for his website, however, he found that echobay.com was already taken. Omidyar picked eBay from a list of available URLs that were similar to Echo Bay.

Seaports in Latvia

The port is a boundary-bound area, including an equator equipped with berths, land infrastructure and waterways for cargo, transport and forwarding operations, ship and passenger services, as well as various other auxiliary shipping related activities.

List of the port's in Latvia:

Bolderaja port

Bolderaja port is a port next to The Daugava River Entrance to the Sea. It was built in the 18th century.

Liepaja port

There are 14 stevedoring companies, 17 shipping companies, freight forwarders, customs brokers and other port service providers in Liepaja port, which provides around 2,000 jobs.

Riga port

The port of Riga is the largest port in Latvia which is managed by the Freeport of Riga Authority. It is located on both sides of the Daugava River at a distance of 15 km and is open for navigation in all seasons.

Riga Passenger Port

The port of Riga (official name Riga Passenger Terminal) is a passenger port in the capital of Latvia in Riga.

Roja port

Roja Port is a port located in Roja, Latvia. The port's access channel has a width of 60 meters, an escalator channel of 60 meters, an internal channel of 35 meters to a water level of 0 meters. The Rojas port has 9 berths with a total length of 814 m.

Skultes port

Fishing, timber, and peat export port. It is located on the eastern coast of the Gulf of Riga on the Baltic Sea.

Stena Line

Stena Line is one of the largest ferry companies in the world, carries out cargo and passenger transportation in Ireland, Great Britain, France, the Netherlands, Germany, Denmark, Sweden, Norway, Poland, and Latvia.

Ventspils port

Ventspils Port is located on the Baltic Sea coast

The total area of ​​the port area is 2 451.39 ha. Ventspils Port is one of the leading ports in the Baltic Sea, is one of the first twenty of the leading European ports, after handling cargos. In 1997 Ventspils Port acquired the status of a free economic zone, which acted as an investment attraction factor and resulted in tax relief for companies.

Seaport business is growing not only in Latvia but also all around the world because ports are connected to each other.

There are a lot of opportunities doing seaport business starting from sea logistics business to sea passager business.