Advertisers react to Google keeping cookies on Chrome

After years of back and forth between Google and regulatory bodies, the news finally came in yesterday that Google is scrapping plans to kill third-party cookies in Chrome.

Unsurprisingly, advertisers had something to say about that.

Emotions ranged from lack of surprise to relief. Many see it as good news for advertisers, while some have mixed feelings.

Most importantly, they implore us to keep emphasizing first-party data and a privacy-first strategy with our clients.

Skepticism and lack of surprise

Niki Grant, a paid media specialist, said she always has been skeptical about a magical 2024 world where third-party cookies have been ruled obsolete, so she was not particularly surprised at the news:

  • “Those of us who have had to actively hunt out alternatives are all too aware of the limitations of most cookie-less solutions, and I personally think privacy concerns related to third-party cookies were generally blown out of proportion in the first instance anyway!
  • “It looked good for the likes of Google to be super proactive in finding an alternative, but I would have been astounded if they had actually identified a viable alternative in only a matter of years. The proof will be in the Chrome-usership pudding; in the meantime I appreciate Google’s candor instead of a messy ‘make do and mend’ solution to save face.”

Also not shocked by Google’s change in course is Julie Bacchini, president and founder, Neptune Moon:

  • “The Google Ads ecosystem (and all ad platforms to be fair) is so dependent on data from cookies it has always been hard to imagine how the platform as we know it could function without cookie data. There are still a lot of questions around exactly what they mean by offering users more control. But it is a bit of a sigh of relief as it is one less thing to have to figure out in the next few months or coming year!”

Gil Gildner, the cofounder at Discosloth, compared this to “The Boy Who Cried Wolf” fable:

  • “Google always seems to announce imminent changes, then pushes back the date or scraps plans altogether. It’s how they try to motivate users (who otherwise wouldn’t care) to adopt new tech. They did it with GA4 and they’ll do it with something else next.”

Paid search specialist Sarah Stemen said the delay in phasing out third-party cookies by Google is probably strategic:

  • “As the dominant browser owner, Google is under scrutiny for antitrust behaviors. The proposed Privacy Sandbox, while marketed as a privacy-enhancing tool, likely raises barriers for competitors. This could lead to less competition and more market consolidation in the ad tech industry.
  • “By delaying the depreciation of cookies, Google buys itself time to either refine the Privacy Sandbox or to make its implications less transparent.  Another alternative is that they simply don’t have a solution, but I think it’s likely a delay.”

Relief and positive reactions

Asher Mirza, a digital and performance marketing specialist, said it was great news to wake up with as a performance marketer and shocking as a consumer.

  • “Seems like big corp went too far ahead with the new privacy era and realized it would be a loss for everyone and decided for this massive U-Turn. What a time to work in marketing where no one can decide what will happen tomorrow.”

Sophie Fell, director of paid media, Two Trees PPC, said this is good news for advertisers because so many still don’t have a decent grasp on their first party data and this was proving to be a big hurdle for them to overcome.

  • “I think the question now is, ‘What’s next?’ It’ll be interesting to see what the uptake on the privacy ‘toggle’ is as a percentage of Android and Chrome users, and then how that impacts audience targeting. For example, will fewer 55+ year olds tweak their privacy settings, and therefore will marketing to this age group using cookies be much easier than marketing to <35s who may be more likely to utilize it? Lots of very interesting data to come over the coming months and no doubt a few more hurdles for advertisers along the way.”

Digital marketer Brett Bodofsky wondered whether similar audiences might come back now.

  • “Google Ads deprecated similar audiences due to third-party cookie limitations. Now that the plan is scrapped I wouldn’t hate seeing those come back. I understand there has been launches to help account for their deprecation. But honestly, I liked similar audiences.”

Digital marketing specialist Robert Brady said removing the foreboding deadline (that kept getting pushed back) is a positive.

  • “Google has to manage expectations and there is simply too much uncertainty from regulatory bodies and the technology itself to set a firm date on cookie deprecation. I fully expect Google to continue their efforts.”

Mixed feelings/need for adaptation

John Gbemileke Adeoti, growth marketing lead, Expedier, said the news was both annoying and a relief.

  • “Relieved that I can put my worries to rest. But annoyed that advertisers and brands don’t need to go through these many changes within a short while. I mean, when you consider how many brands and marketers are still struggling with the switch from UA to GA4! Big tech needs to do better than toy with our time and effort, to be honest.”

Veronika Höller, global search lead, Tresorit, said the privacy debate isn’t going away anytime soon, adding that having an alternative (like the Privacy Sandbox) doesn’t guarantee it will be effective.

  • “The real focus should be on empowering users to share their data willingly, for a truly personalized experience. It’s about building trust, brand awareness, and thinking outside the box. We shouldn’t expect data to be handed to us on a silver platter. Most of it is already out there, scattered across different platforms we use. Let’s connect those dots, and suddenly every change isn’t a catastrophe.
  • “And even if Google does decide to pull the plug entirely – which, let’s face it, is always a possibility – we’ll be prepared. At the end of the day, we control what users share with us. That happens best when we’re honest, highlight the benefits, combine data sources, and communicate directly with our audience.
  • “Instead of waiting for incomplete analytics data and crying over it, let’s be proactive. Let’s build relationships and earn that data. It’s a far more sustainable and rewarding approach.”

Meanwhile, Navah Hopkins, brand evangelist, Optmyzr, said advertisers essentially “won” a game of chicken with Google, but:

  • “It doesn’t change the fact that the privacy-first world is here via GDPR, CCPA, and other regulatory considerations. Just because we have an extension on our ability to target through website traffic, see users (device-dependent) across multiple devices and domains, doesn’t change the fact that many markets have adopted privacy-first era rules and regulations.
  • “Just because Chrome is giving the extension doesn’t mean other channels are going to follow suit. So while we all can laugh, smile, and cheer that cookies are “here to stay”, people should not be complacent. So here are three critical things every user should do in preparation for the privacy-first world regardless of whether cookies are here or not:
    • Build consent into every single thing you do. 
    • Make sure your stakeholders understand reporting efficacy will be ad channel-dependent and device-dependent. 
    • Think beyond Google and Chrome.”

Emphasis on first-party data and privacy

Digital marketing strategist Nicholas James said Google’s reversal was expected for several reasons, including the unfinished state of the Privacy Sandbox and with this move, it is still unclear how it will impact its usage.

  • “However, refining your first-party data strategies remains crucial, as success in this area will distinguish the true leaders in the evolving digital landscape.”

Fraser Andrews, global search lead, JLR, said he sees this very similarly to the consent mode v2 update.

  • “It’s ultimately going to be more beneficial for advertisers to have consented data (provided they actually do something with it!) So my recommendation would still remain – get access to consented data and learn how best to utilize it to enhance performance.”

Heinz Meyer, director and owner, Orris Digital, said the media is taking a slightly extreme stance on this.

  • “Google isn’t scrapping the third-party cookie blocking on Chrome, they’re giving users the choice to opt into third-party cookies. Therefore, my advice is: prepare for a world without third-party cookies like we were before.”

Broader industry implications

Marketing strategist Reid Thomas said this is an admission by Google and the IAB in general that there isn’t a solution for tracking other than cookies.

  • “Non-cookie identification, due in part to efforts by browsers not owned by the largest DSP, has never really taken off. In essence, Google has worked with privacy regulators and advocates to try and find a solution and simply has not been able to.
  • “For advertisers, I’d still keep treating the world as if cookies are deprecated. For ~30% of users, they already are (Safari, especially mobile; Firefox; Opera; and some Edge users). For the rest, recent data shows that cookie-based targeting is ROI negative (Ahmadi et al 2023) and largely is not significantly more accurate than random targeting (Neumann et al 2022).
  • “Essentially, this is more of a capitulation that there is no ‘new cookie’ and that rethinking how we reach audiences needs to happen, rather than celebrating that the ‘good old days’ are back.

Lisa Erschbamer, director, digital advertising at Proficio, said she’s unsurprised that Google couldn’t make it work in a way that is profitable to them (and without losing media budgets to other ad networks).

  • “But: More people are data and privacy aware and I hope more PPC specialists have started thinking beyond Google Ads, treating it as the part of a whole strategy that it is. So not all bad.”

Original source: https://searchengineland.com/google-cookies-chrome-advertisers-react-444342

Top Tax Deductions for Home-Based Businesses in Canada

Home Business Magazine Online

As a home-based business startup in Canada, understanding and leveraging available tax deductions can make a significant impact on your bottom line. While running a business from home offers flexibility and reduced overhead, it also presents unique tax considerations. The article below outlines key deductions that can help you minimize your tax burden and maximize your profits.

Remember, these are common deductions that may or may not apply to your business, and that there may be other deductions, benefits, credits, or programs to which you are entitled to. You can check in with the tax lawyers at Taxpage; their decades of experience can help you to minimize your tax expenses and optimize your returns.

Home Office Expenses

One of the most substantial deductions for home-based businesses is business-use-of-home expenses. You can claim a portion of your housing costs based on the percentage of your home used exclusively for business purposes. Eligible expenses include:

  • Mortgage interest or rent
  • Property taxes
  • Utilities (heat, electricity, water)
  • Home insurance
  • Maintenance and repairs
  • Phone and internet

To calculate your deduction, determine the percentage of your home’s total square footage used for your business. For example, if your home office occupies 10% of your home’s area, you can claim 10% of the eligible expenses.

Vehicle Expenses

If you use your personal vehicle for business purposes, you can deduct a portion of your vehicle expenses. This includes:

  • Fuel costs
  • Insurance
  • Maintenance and repairs
  • License and registration fees
  • Loan interest or lease payments

Keep a detailed log of your business-related mileage to accurately calculate the percentage of vehicle use for business purposes.

Office Supplies and Equipment

Any supplies or equipment purchased for your home-based business are fully deductible. This includes:

  • Computers and software
  • Printers and ink cartridges
  • Office furniture
  • Stationery and postage

For larger equipment purchases, you may need to claim Capital Cost Allowance (CCA) and deduct the cost over several years.

Professional Fees

Fees paid to professionals for business-related services are deductible. This includes:

  • Accountant and bookkeeper fees
  • Legal fees
  • Consultant fees

Marketing and Advertising

Expenses related to promoting your business are fully deductible. This can include:

  • Website design and hosting
  • Business cards and brochures
  • Online advertising costs
  • Networking event fees

Professional Development

Costs associated with improving your business skills or knowledge are deductible. This includes:

  • Courses and workshops
  • Books and subscriptions to professional publications
  • Conference fees and related travel expenses

Insurance Premiums

Premiums paid for business insurance policies are deductible. This may include:

  • Liability insurance
  • Professional indemnity insurance
  • Business interruption insurance

Bank Charges and Interest

Fees and interest paid on business bank accounts and credit cards are deductible. If you’ve taken out a loan for business purposes, the interest on that loan is also deductible.

Tips for Maximizing Your Tax Deductions

  1. Keep meticulous records. Maintain detailed logs and receipts for all business expenses.
  2. Separate personal and business expenses. Use dedicated business accounts and credit cards to simplify tracking.
  3. Stay informed. Tax laws change frequently. Keep up-to-date with the latest regulations or consult a tax professional.
  4. Be honest. While maximizing deductions is smart, ensure all claims are legitimate and can be substantiated if you’re audited.
  5. Consider incorporating. Depending on your business size and revenue, incorporating may offer additional tax benefits.
  6. Plan ahead. Some deductions, like equipment purchases, can be timed strategically for optimal tax benefits.

In Conclusion

Business tax reporting can be complex and ever-changing. When in doubt, always consult a qualified tax professional to ensure you’re maximizing your deductions while remaining compliant with Canadian tax regulations. Remember, every dollar saved in taxes is another dollar you can reinvest in growing your home-based business. By staying informed and proactive about your tax strategy, you’re setting your business up for long-term success and profitability.

The post Top Tax Deductions for Home-Based Businesses in Canada appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/money/taxing-times/top-tax-deductions-home-based-businesses-canada/

Yelp expands ad offerings for national brands and advertisers

Yelp is rolling out new features and updates aimed at multi-location businesses and national advertisers, the company announced today.

Why it matters. Yelp is looking to attract more enterprise clients and expand its advertising capabilities beyond local businesses.

Details. The new offerings include:

  1. Request a Quote for Brands:
    • Allows national services businesses to receive and manage leads across multiple locations.
    • Includes a new Leads API to integrate with existing customer management tools.
  2. Yelp Guaranteed for multi-location businesses:
    • Offers up to $2,500 in coverage if something goes wrong with a project booked through Request a Quote.
    • Available in popular categories like contractors, HVAC, plumbers and movers.
  3. Expanded ad formats:
    • Spotlight video ads now appear in business page photo galleries.
    • Yelp Audiences extended to audio platforms (Spotify, Pandora, SiriusXM) and connected TV.
  4. New measurement tools:
    • Conversion API (CAPI) helps advertisers measure ad performance without relying on cookies.
  5. Portfolio:
    • Showcase work to potential customers.
    • Upload photos into an album.
    • Add project overview, including cost and timeline.

Why we care. These updates allow advertisers, especially national and multi-location businesses, to more effectively reach and convert Yelp’s audience, while also providing better tools for managing and measuring their advertising efforts.

Between the lines. These updates are part of Yelp’s strategy to drive more value for national services businesses and advertisers across categories.

What’s next. Yelp plans to continue expanding its enterprise offerings and adapting to the changing needs of national businesses.

Original source: https://searchengineland.com/yelp-expands-offerings-national-brands-advertisers-444304

Top Tax Deductions for Home-Based Businesses in Canada

Home Business Magazine Online

As a home-based business startup in Canada, understanding and leveraging available tax deductions can make a significant impact on your bottom line. While running a business from home offers flexibility and reduced overhead, it also presents unique tax considerations. The article below outlines key deductions that can help you minimize your tax burden and maximize your profits.

Remember, these are common deductions that may or may not apply to your business, and that there may be other deductions, benefits, credits, or programs to which you are entitled to. You can check in with the tax lawyers at Taxpage; their decades of experience can help you to minimize your tax expenses and optimize your returns.

Home Office Expenses

One of the most substantial deductions for home-based businesses is business-use-of-home expenses. You can claim a portion of your housing costs based on the percentage of your home used exclusively for business purposes. Eligible expenses include:

  • Mortgage interest or rent
  • Property taxes
  • Utilities (heat, electricity, water)
  • Home insurance
  • Maintenance and repairs
  • Phone and internet

To calculate your deduction, determine the percentage of your home’s total square footage used for your business. For example, if your home office occupies 10% of your home’s area, you can claim 10% of the eligible expenses.

Vehicle Expenses

If you use your personal vehicle for business purposes, you can deduct a portion of your vehicle expenses. This includes:

  • Fuel costs
  • Insurance
  • Maintenance and repairs
  • License and registration fees
  • Loan interest or lease payments

Keep a detailed log of your business-related mileage to accurately calculate the percentage of vehicle use for business purposes.

Office Supplies and Equipment

Any supplies or equipment purchased for your home-based business are fully deductible. This includes:

  • Computers and software
  • Printers and ink cartridges
  • Office furniture
  • Stationery and postage

For larger equipment purchases, you may need to claim Capital Cost Allowance (CCA) and deduct the cost over several years.

Professional Fees

Fees paid to professionals for business-related services are deductible. This includes:

  • Accountant and bookkeeper fees
  • Legal fees
  • Consultant fees

Marketing and Advertising

Expenses related to promoting your business are fully deductible. This can include:

  • Website design and hosting
  • Business cards and brochures
  • Online advertising costs
  • Networking event fees

Professional Development

Costs associated with improving your business skills or knowledge are deductible. This includes:

  • Courses and workshops
  • Books and subscriptions to professional publications
  • Conference fees and related travel expenses

Insurance Premiums

Premiums paid for business insurance policies are deductible. This may include:

  • Liability insurance
  • Professional indemnity insurance
  • Business interruption insurance

Bank Charges and Interest

Fees and interest paid on business bank accounts and credit cards are deductible. If you’ve taken out a loan for business purposes, the interest on that loan is also deductible.

Tips for Maximizing Your Tax Deductions

  1. Keep meticulous records. Maintain detailed logs and receipts for all business expenses.
  2. Separate personal and business expenses. Use dedicated business accounts and credit cards to simplify tracking.
  3. Stay informed. Tax laws change frequently. Keep up-to-date with the latest regulations or consult a tax professional.
  4. Be honest. While maximizing deductions is smart, ensure all claims are legitimate and can be substantiated if you’re audited.
  5. Consider incorporating. Depending on your business size and revenue, incorporating may offer additional tax benefits.
  6. Plan ahead. Some deductions, like equipment purchases, can be timed strategically for optimal tax benefits.

In Conclusion

Business tax reporting can be complex and ever-changing. When in doubt, always consult a qualified tax professional to ensure you’re maximizing your deductions while remaining compliant with Canadian tax regulations. Remember, every dollar saved in taxes is another dollar you can reinvest in growing your home-based business. By staying informed and proactive about your tax strategy, you’re setting your business up for long-term success and profitability.

The post Top Tax Deductions for Home-Based Businesses in Canada appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/money/taxing-times/top-tax-deductions-home-based-businesses-canada/

Top Tax Deductions for Home-Based Businesses in Canada

Home Business Magazine Online

As a home-based business startup in Canada, understanding and leveraging available tax deductions can make a significant impact on your bottom line. While running a business from home offers flexibility and reduced overhead, it also presents unique tax considerations. The article below outlines key deductions that can help you minimize your tax burden and maximize your profits.

Remember, these are common deductions that may or may not apply to your business, and that there may be other deductions, benefits, credits, or programs to which you are entitled to. You can check in with the tax lawyers at Taxpage; their decades of experience can help you to minimize your tax expenses and optimize your returns.

Home Office Expenses

One of the most substantial deductions for home-based businesses is business-use-of-home expenses. You can claim a portion of your housing costs based on the percentage of your home used exclusively for business purposes. Eligible expenses include:

  • Mortgage interest or rent
  • Property taxes
  • Utilities (heat, electricity, water)
  • Home insurance
  • Maintenance and repairs
  • Phone and internet

To calculate your deduction, determine the percentage of your home’s total square footage used for your business. For example, if your home office occupies 10% of your home’s area, you can claim 10% of the eligible expenses.

Vehicle Expenses

If you use your personal vehicle for business purposes, you can deduct a portion of your vehicle expenses. This includes:

  • Fuel costs
  • Insurance
  • Maintenance and repairs
  • License and registration fees
  • Loan interest or lease payments

Keep a detailed log of your business-related mileage to accurately calculate the percentage of vehicle use for business purposes.

Office Supplies and Equipment

Any supplies or equipment purchased for your home-based business are fully deductible. This includes:

  • Computers and software
  • Printers and ink cartridges
  • Office furniture
  • Stationery and postage

For larger equipment purchases, you may need to claim Capital Cost Allowance (CCA) and deduct the cost over several years.

Professional Fees

Fees paid to professionals for business-related services are deductible. This includes:

  • Accountant and bookkeeper fees
  • Legal fees
  • Consultant fees

Marketing and Advertising

Expenses related to promoting your business are fully deductible. This can include:

  • Website design and hosting
  • Business cards and brochures
  • Online advertising costs
  • Networking event fees

Professional Development

Costs associated with improving your business skills or knowledge are deductible. This includes:

  • Courses and workshops
  • Books and subscriptions to professional publications
  • Conference fees and related travel expenses

Insurance Premiums

Premiums paid for business insurance policies are deductible. This may include:

  • Liability insurance
  • Professional indemnity insurance
  • Business interruption insurance

Bank Charges and Interest

Fees and interest paid on business bank accounts and credit cards are deductible. If you’ve taken out a loan for business purposes, the interest on that loan is also deductible.

Tips for Maximizing Your Tax Deductions

  1. Keep meticulous records. Maintain detailed logs and receipts for all business expenses.
  2. Separate personal and business expenses. Use dedicated business accounts and credit cards to simplify tracking.
  3. Stay informed. Tax laws change frequently. Keep up-to-date with the latest regulations or consult a tax professional.
  4. Be honest. While maximizing deductions is smart, ensure all claims are legitimate and can be substantiated if you’re audited.
  5. Consider incorporating. Depending on your business size and revenue, incorporating may offer additional tax benefits.
  6. Plan ahead. Some deductions, like equipment purchases, can be timed strategically for optimal tax benefits.

In Conclusion

Business tax reporting can be complex and ever-changing. When in doubt, always consult a qualified tax professional to ensure you’re maximizing your deductions while remaining compliant with Canadian tax regulations. Remember, every dollar saved in taxes is another dollar you can reinvest in growing your home-based business. By staying informed and proactive about your tax strategy, you’re setting your business up for long-term success and profitability.

The post Top Tax Deductions for Home-Based Businesses in Canada appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/money/taxing-times/top-tax-deductions-home-based-businesses-canada/

Google scraps plans to kill third-party cookies in Chrome

Google is reversing course and won’t phase out third-party cookies in Chrome as previously planned, instead opting for a new approach that gives users more control, the company announced today.

Why we care. This decision marks a significant shift in Google’s privacy strategy and will come as a relief to many in the advertising industry who have been scrambling to prepare for a cookieless future.

Details:

  • Google will introduce a “new experience” in Chrome that will allow users to make informed choices about their web browsing privacy.
  • The Privacy Sandbox APIs will continue to be developed and made available as alternatives.
  • Google is discussing this pivot with regulators, including the UK’s CMA and ICO.

By the numbers. Recent tests of Privacy Sandbox technologies showed promising results, according to Google:

  • 89% recovery of advertiser spend in Google Display Ads.
  • 97% recovery of conversions per dollar in Google Display Ads.
  • 55% recovery in remarketing spend for Google Ads.

Between the lines. This move suggests Google is trying to balance privacy concerns with the needs of the ad industry and its own business model.

What they’re saying. Anthony Chavez, VP of Privacy Sandbox, wrote in a blog post:

  • “We developed the Privacy Sandbox with the goal of finding innovative solutions that meaningfully improve online privacy while preserving an ad-supported internet.”

The big picture. This decision follows more than four years of back-and-forth and multiple delays in Google’s plans to phase out third-party cookies.

What’s next. Google hasn’t provided a specific timeline for the new approach, likely to avoid the pitfalls of previous delays.

Original source: https://searchengineland.com/google-third-party-cookies-chrome-reversal-444317

Top Tax Deductions for Home-Based Businesses in Canada

Home Business Magazine Online

As a home-based business startup in Canada, understanding and leveraging available tax deductions can make a significant impact on your bottom line. While running a business from home offers flexibility and reduced overhead, it also presents unique tax considerations. The article below outlines key deductions that can help you minimize your tax burden and maximize your profits.

Remember, these are common deductions that may or may not apply to your business, and that there may be other deductions, benefits, credits, or programs to which you are entitled to. You can check in with the tax lawyers at Taxpage; their decades of experience can help you to minimize your tax expenses and optimize your returns.

Home Office Expenses

One of the most substantial deductions for home-based businesses is business-use-of-home expenses. You can claim a portion of your housing costs based on the percentage of your home used exclusively for business purposes. Eligible expenses include:

  • Mortgage interest or rent
  • Property taxes
  • Utilities (heat, electricity, water)
  • Home insurance
  • Maintenance and repairs
  • Phone and internet

To calculate your deduction, determine the percentage of your home’s total square footage used for your business. For example, if your home office occupies 10% of your home’s area, you can claim 10% of the eligible expenses.

Vehicle Expenses

If you use your personal vehicle for business purposes, you can deduct a portion of your vehicle expenses. This includes:

  • Fuel costs
  • Insurance
  • Maintenance and repairs
  • License and registration fees
  • Loan interest or lease payments

Keep a detailed log of your business-related mileage to accurately calculate the percentage of vehicle use for business purposes.

Office Supplies and Equipment

Any supplies or equipment purchased for your home-based business are fully deductible. This includes:

  • Computers and software
  • Printers and ink cartridges
  • Office furniture
  • Stationery and postage

For larger equipment purchases, you may need to claim Capital Cost Allowance (CCA) and deduct the cost over several years.

Professional Fees

Fees paid to professionals for business-related services are deductible. This includes:

  • Accountant and bookkeeper fees
  • Legal fees
  • Consultant fees

Marketing and Advertising

Expenses related to promoting your business are fully deductible. This can include:

  • Website design and hosting
  • Business cards and brochures
  • Online advertising costs
  • Networking event fees

Professional Development

Costs associated with improving your business skills or knowledge are deductible. This includes:

  • Courses and workshops
  • Books and subscriptions to professional publications
  • Conference fees and related travel expenses

Insurance Premiums

Premiums paid for business insurance policies are deductible. This may include:

  • Liability insurance
  • Professional indemnity insurance
  • Business interruption insurance

Bank Charges and Interest

Fees and interest paid on business bank accounts and credit cards are deductible. If you’ve taken out a loan for business purposes, the interest on that loan is also deductible.

Tips for Maximizing Your Tax Deductions

  1. Keep meticulous records. Maintain detailed logs and receipts for all business expenses.
  2. Separate personal and business expenses. Use dedicated business accounts and credit cards to simplify tracking.
  3. Stay informed. Tax laws change frequently. Keep up-to-date with the latest regulations or consult a tax professional.
  4. Be honest. While maximizing deductions is smart, ensure all claims are legitimate and can be substantiated if you’re audited.
  5. Consider incorporating. Depending on your business size and revenue, incorporating may offer additional tax benefits.
  6. Plan ahead. Some deductions, like equipment purchases, can be timed strategically for optimal tax benefits.

In Conclusion

Business tax reporting can be complex and ever-changing. When in doubt, always consult a qualified tax professional to ensure you’re maximizing your deductions while remaining compliant with Canadian tax regulations. Remember, every dollar saved in taxes is another dollar you can reinvest in growing your home-based business. By staying informed and proactive about your tax strategy, you’re setting your business up for long-term success and profitability.

The post Top Tax Deductions for Home-Based Businesses in Canada appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/money/taxing-times/top-tax-deductions-home-based-businesses-canada/

CRO for PPC: Key areas to optimize beyond landing pages

CRO for PPC: Key areas to optimize beyond landing pages

Conversion rate (CVR) is one of the top performance drivers when it comes to PPC campaigns.

This article outlines key factors that can influence PPC conversion rates so you can squeeze as much revenue from your paid campaigns as possible.

Optimizing for PPC conversion rates

A common conversion rate optimization (CRO) methodology involves three steps:

  • Step 1: Investigation. Collecting data, analyzing past results, generating insights, etc.
  • Step 2: Design. Crafting hypotheses, prioritizing actions, etc.
  • Step 3: Implementation. Using tools like Google Ads’ Experiment feature, AB Tasty, etc.

CRO is mainly about A/B testing, but most tests focus only on landing pages. While important, improving conversion rates involves more than just landing pages. I’ve discussed A/B testing challenges before, but data collection often gets stuck on just landing pages.

To avoid this, here are the factors influencing your PPC campaigns’ conversion rate and how to improve them.

Tracking conversions effectively

It may seem obvious, but you can’t improve conversion rates without tracking them. More importantly, you must use the right tools to evaluate conversions.

For example, suppose your Meta Ads campaign leads to a landing page that isn’t accessible anywhere else on your website. Let’s also assume that you leverage retargeting audiences a lot, and, as a result, most people convert within a one-day view-through window. 

In this scenario, your data tells you your audience converts using another page. Focusing CRO on your Meta Ads-dedicated landing page does not make sense, right? 

Make sure to understand where and how conversions relate to your customer journey. That way, you can avoid misconceptions and truly work on impactful CRO tests.

Measurement tools and ‘triangulation’

Here’s another example. Let’s say that you’re working for an ecommerce store that uses GA4 to track purchases. It’s handy because it deduplicates purchase events, so you know which channel “scored the final goal.” As a result, your CRO plan will focus on GA4-level purchases.

In this common scenario, Meta Ads may appear ineffective because they target higher in the funnel compared to search. You might think Meta Ads traffic is low quality, but from a CRO perspective, we can find several solutions:

  • Focus on retargeting audiences (since it’s closer to the purchase event). The downside is that we’re only gaming the attribution system here, so it’s probably too short-sighted.
  • Review the target KPI (initially those GA4 purchases) so it matches Meta Ads’ intent. It’s certainly a better solution, but it fails to picture all touchpoints and could lead to lower-quality traffic because you don’t use a signal as strong as purchases (if you’ve ever run lead gen campaigns, you know that all leads are not made equal. Same thing here).
  • Use both Meta Ads’ attribution tool and GA4 to understand how this channel impacts conversion rates. This method shows both the “last click” channel and the overall impact of Meta Ads. Using additional attribution tools improves accuracy, a method known as “triangulation.”

This overview isn’t complete, so check out the articles below for more details.

However, keep in mind that these advanced measurement strategies may not be suitable for quick CRO improvements and could be excessive for now.

Take measurement tools and attribution models into account when collecting data. This will help map CRO opportunities and manage expectations so that each channel’s results are properly segmented and analyzed.

Audiences, intent and external factors

Here is an example from one of my agency’s clients (focusing on education) for Google Ads campaigns’ conversion rates:

  • Competitor: 2.8%
  • Generic: 6.1%
  • Brand: 27.8%

As you can see, conversion rates vary greatly depending on the audience. Similar to measurement tools, this means that targeting is a critical CRO component in and of itself. Let’s break that down.

(Auto) bidding and setup

Note: I’m focusing on auto-bidding since it powers the vast majority of ad campaigns. However, the overall thought process remains true for manual bidding, too.

Feeding ad networks’ algorithms with the proper conversion will make a world of difference to your targeted audience and, ultimately, your conversion rate. This is why you need to regularly audit:

  • Conversions: They need to reflect your CRO goal.
  • Monthly/weekly conversion volumes: They need to meet algorithms’ minimums (see Google Ads’ tROAS guidelines or Meta Ads’ guidelines).
  • Conversion latency to meet algorithms’ needs: Based on experience, you don’t want to exceed four weeks between ad clicks and actual conversions, but it can vary depending on volumes and industries.

If your historical data meets the above criteria, then you play with a decent budget. However, if that’s not the case, you want to review the budget as part of your CRO mapping. Sometimes, improving conversion rates simply means increasing the budget to better feed algorithms.

Auto bidding is not magic. Make sure it’s set up for success (and yes, that does include budget). That setup should be a top priority in your CRO opportunities map.

Audience segmentation

When mapping out CRO efforts, you should segment your goals by funnel stages and integrate them with traffic acquisition tests.

Let’s say you want to improve the purchase rate. Unfortunately, there’s a massive out-of-home (OOH) awareness campaign happening at the same time. The result is that you will most certainly see a dip in conversion rates since more top-of-funnel visitors will pop up on your website. 

Is that a bad thing? No. You simply need to better integrate that CRO map with other teams’ tests.

Conversely, smaller brands that “only” run Google Ads paid search and have small SEO traffic (which mostly originates from branded queries) can probably ignore segmenting audiences altogether.

In any case, take external factors into account. There are the usual sales, Q4 madness, summer holiday and back-to-school periods to consider, as well as political or global events.

Audiences vary in their conversion rates. Group them and adjust your KPIs and measurement methods accordingly. If audience patterns change (e.g., due to seasonality), reassess to better understand your CRO results.

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Ad copy, creative and product

An ad should urge people to take action. To improve conversion rates, align the ad with the desired action.

While improving Quality Score with relevant ad copy and landing pages is important, focusing too much on vanity metrics can harm conversion rates.

To balance ad effectiveness for better CRO and profitability, consider these three key items.

Audience and messaging personalization

A brand can only expect many keywords to resonate strongly with its products, and that is OK. Improving CRO should mean tailoring your ad copies and creatives to that very specific audience. 

This means that sometimes, ads should repel some people (the unqualified). Let’s take a personal example.

PPC professionals are often marketing-educated. We tend to think all creatives should look sleek, mobile UX/UI should follow the latest trends, etc.

But if your audience is plumbers, they probably will not care about those items because they are not familiar with the latest UI or design trends. Worse, they could think that such sleek-looking creatives mean that your price tag will be above their budget.

Should you test making your customer journey uglier? Could be. Depends on your target audience.

Audiences are unique. You cannot use a one-size-fits-all approach to copywriting, creative production and tone of voice. Not sure where to start? Benchmark competitors and add that to your CRO map.

Product and offer positioning

Ad copy and creative often fail to clearly explain products. Marketers get out of touch with their target audiences and start using jargon when they should not.

No wonder conversion rates turn bad. Ads attract (and repel) the wrong type of prospects.

For example, a client recently suggested a Meta Ads image that, out of context, conveyed a completely different message. They were so focused on their own perspective that they didn’t see how it would appear to others.

Another example: a client insists on using video ads produced by an agency that doesn’t specialize in performance marketing. As a result, the videos lack strong hooks. Simpler, more impactful image ads would actually drive better traffic and conversion rates.

Test showing your Meta Ads ad in a busy Instagram feed to potential prospects. And see whether it hooked them. Then ask them what they understood from your ad.

If your ad passes the test, it’s a good one. Otherwise, it’s got to be featured on your CRO map simply because it will not drive action.

Product/offer value and differentiation

While ads are meant primarily to drive traffic, they will be seen alongside competitors’ ads. They should be as strong as possible, so prospects take the desired action right away, dismissing competitors.

If we take the above item further, you should also focus on competitors’ pricing and/or USPs. For ecommerce brands, a great tool to get started with is Google Merchant Center’s Price Competitiveness report.

That kind of benchmark will help you understand where you stand and whether your copy and creative should focus on differentiation rather than fighting competition head-on. If your product is average, it only fuels branding discussions.

Benchmark competitors regularly and ensure that your product is better or different. CRO is closely tied to the product, so include this in your strategy to avoid issues caused by competitors’ changes in pricing, features or releases.

Landing pages and user journey

At this point, you may have understood that improving conversion rates does not solely involve landing pages. If anything, landing pages should follow the same basic rules seen above:

  • Correctly tracked with the right tools.
  • Personalized according to targeted audiences.
  • Aligned with the ad message and the product’s USP.

There are lots of other landing page-specific items. Search Engine Land contributors already did a great job detailing them:

The above points don’t cover technical details, but you should also check load time, UX/UI, and mobile friendliness. Make sure to address these aspects and prioritize your CRO efforts based on their impact on your business.

Offsite properties

User journeys span several touchpoints. Some can be dark social or “simple” review sites like Trustpilot.

While you only see a 30-minute session in GA4, your prospects multitask and gather external information. They may come back, having read positive reviews about your product, and buy it. Or they close their browser’s tab and never bother.

The downside is that you would think the conversion rate drop is due to your landing page (for example). But it could very well be due to a poor online reputation.

Depending on your industry, you may want to include review sites in your CRO activities. For example, you may want to prioritize Glassdoor if you’re looking to hire people.

Post-purchase experience

This is slightly off-topic since conversion rate does not exactly relate to LTV and repeat purchase rate. But direct traffic can hide returning customers, who will show higher conversion rates.

If you’re looking at the overall GA4-level purchase rate for all website visitors. You want to make sure that customer retention is top-notch, too.

There are plenty of options, and it will depend a lot on your business, but here are 10 ideas to improve churn rate, which will directly improve returning customers’ conversion rate.

Mapping CRO opportunities in PPC campaigns

Conversion rate is usually regarded as primarily driven by landing pages, but PPCs (and traffic managers) can help boost that KPI significantly.

Make sure to review this CRO map every now and then to correctly prioritize your efforts and improve ROI!

Original source: https://searchengineland.com/cro-ppc-optimize-beyond-landing-pages-444287

From Beginner to Expert: Rustam Rezepov’s Coaching Journey

Home Business Magazine Online

JULY 19TH 2024: One marriage dies every 36 seconds, with the failure rate for first marriages at a staggering 48%, according to the National Center for Health Statistics (NCHS). Beginning from scratch, Rustam Rezepov has grown into an influential figure in the coaching industry. Over the years, he has tried to find a lasting solution to marriage and relationship problems. As a result, he has touched thousands of lives with his unique relationship technology coaching techniques and progressive business strategies.

Rustam created his own relationship-building technology under the brand the Rustam Rezepov System, which became popular and has already helped more than 11,000 people. Today, he is ready to share the secrets of his system and the facts about how he has built a successful business model, planning to launch the system into the international limelight.

How It All Started

Rustam was interested in relationships between people from an early age. Even with his extensive and varied experience in building businesses in different areas, from a grocery kiosk to a sports equipment store, Rustam was interested in the sphere of coaching. He always wondered how people made certain decisions, and he soon realized that relationships between people, especially between men and women, are paramount and began to work in this direction.

Amidst growing success with business ventures, Rustam faced personal challenges related to romantic relationships. Observing his own mistakes and failures in his relationships with girls, he decided to look more closely into the nature of human connections. In 2011, he began to study relationships intensively, reading numerous books and consulting with psychologists and coaches. It was then he realized that existing resources often do not give complete answers and practical advice.

“I realized that to get all the necessary information and technologies (building relationships is a complicated technology), I needed to do my own research,” Rustam recalls. “I was also inspired by my parents and older sister’s relationship, as well as my own failures.”

To find out how couples can improve their love lives, Rustam gathered a team and began experimenting with different techniques for building relationships. He had conversations with many women and studied behavioral patterns among them. Thereafter, he developed a comprehensive relationship-building technology that he believed could help people deal with issues arising from the complexities of building meaningful relationships.

His unique relationship technology covers all stages of relationships, starting from the moment of acquaintance. It provides instructions and options for actions at each stage of relationships; describes types of behavior, phrases, and actions that ignite interest, feelings, and love in women; describes mistakes that weaken interest and feelings in relationships; and offers recommendations and exercises for developing communication skills, increasing self-confidence, and emotional stability.

Building the Rustam Rezepov System

By 2013, his relationship technology had metamorphosed into a brand, the Rustam Rezepov System. Rustam built the company from scratch. He created several departments, including sales, marketing, the delivery team, etc. He also built structures for the company, set statistics and plans for different periods, and developed KPIs, job descriptions, and communication instructions for each position.

Rustam’s coaching business relied on his relationship technology. His innovative ideas were like road signs through each relationship stage, from a first meeting to a deep emotional connection. His techniques helped spark interest in other people’s hearts, foster love, and avoid common mistakes that weaken relationships. In addition to this, he included exercises aimed at improving communication skills, developing self-confidence, and emotional stability.

“I began relationship consulting with video lessons on YouTube, and my channel gained significant popularity. After receiving a tremendous positive response to my lessons, I created an educational online program,” says Rustam. “As a result, I have developed a series of training sessions for women on personal development, harmonious building, and establishing relationships with men. These include theoretical intensives such as Elite Lady, I Will Be Loved, and Formula of High Significance. Others are practical training like Fast Acquaintances in Social Networks, School of Acquaintances, Married to the One You Love, The Art of Falling in Love Through Correspondence, Personal Power in a Feminine Way, and Beloved Man at Your Feet.”

Since the establishment of his coaching business, Rustam has trained over 11,000 people, both online and offline.

Business Coaching

Apart from individual coaching, Rustam’s contributions to business are substantial. He developed unique ways of conducting planning meetings and improving communication with subordinates. These new approaches increased employees’ productivity while reducing conflicts and improving overall efficiency. Various companies have sought his expertise to help them build healthy team dynamics, enhance communication, and scale their businesses.

“My unique developments are the technology for conducting daily and weekly planning meetings and the technology for communicating with subordinates, which I trained and implemented for managers,” Rustam explains. “Thanks to them, I increased employee productivity and efficiency, reducing conflicts.” As a mentor, I now share these technologies with other companies.”

A specialist in both business and coaching, Rustam constantly receives invitations from various reputable organizations to act as a coach to improve employee interaction or as a business consultant to attract clients or build business processes. He has used his techniques to help companies build a healthy microclimate within different teams, improve communication, choose tools for closing deals, teach employees to communicate with potential high-status clients in order to conclude contracts with large companies, set up sales departments, and scale their businesses. As a result, some companies were able to raise their checks, attract stable clients, and increase their revenue, according to Rustam.

“Since I am now often invited as an expert and mentor to various companies with a request that I improve relationships in the team, I see that there are now a lot of problems in this area. Relationships in the team are fundamental to the company’s success; if the team is happy, they will attract customers, and the number of customers directly affects the reputation and income of the company,” says Rustam. “For example, I know that among the most common communication issues in corporations are lack of transparent internal communication, vague requests from management, employees being afraid to ask questions, too many customer complaints, misaligned employee and company goals, neglecting the needs of your remote employees, lack of consistent messaging, and others. All of them negatively affect the success of companies. Being an expert in business and in the field of relationships, I can help correct these problems.”

Future Plans for Coaching

Rustam plans to expand his influence internationally, particularly in the United States. As the business landscape is rapidly developing and growing in the country, he has a unique set of knowledge both in the field of business and in the field of relationships between people. This knowledge will help him in assisting individuals and organizations in developing strong, successful relationships. He sees many opportunities to address common communication issues in corporations, such as vague management requests, fear of asking questions, and misaligned employee goals.

Rustam Rezepov’s journey from beginner to coaching and business expert embodies his strength and commitment. He has encountered many challenges but still managed to make significant contributions in both fields that have improved thousands of lives. His relationship technology and innovative business strategies continue to set standards and inspire others. As he looks to expand his impact globally, he remains committed to helping others build successful businesses and meaningful relationships.

The post From Beginner to Expert: Rustam Rezepov’s Coaching Journey appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/success-stories-lifestyles/beginner-expert-rustam-rezepovs-relationship-coaching-journey/

Netflix shifts focus to ad-supported tier as subscriber growth surges

Netflix is phasing out its cheapest ad-free plan in Canada and the UK, with plans to do the same in the U.S. and France.

Driving the news. Netflix added 8 million global subscribers in Q2, with its ad-supported plan gaining significant traction.

The budget-friendly tier now accounts for over 45% of new signups in markets where it’s available, signaling a potential shift in Netflix’s business model.

  • The company is also testing pause ads, which appear when viewers stop watching.

Why we care. A higher proportion of subscribers are moving to the ad-supported tier, increasing the available ad inventory and creating more opportunities for advertisers to reach a broader audience.

By the numbers. Netflix reported strong Q2 2024 results, surpassing projections with significant growth in revenue, profits, and subscribers.

  • Revenue: $9.56 billion (up 17% YoY)
  • Net income: $2.15 billion (up 44% YoY)
  • Global subscribers: 277.65 million (up 16.5% YoY)

What they’re saying. “Our ad revenue is growing nicely and is becoming a more meaningful contributor to our business,” Netflix stated in its earnings report.

Between the lines. Netflix is scaling faster than its ability to monetize growing ad inventory, presenting both a challenge and opportunity.

What’s next. Starting next year, Netflix will change how it reports growth, focusing on revenue by region instead of subscriber numbers.

Yes, but. The company warns of slower subscriber growth in Q3 2024 as the impact of paid sharing diminishes.

The big picture. This shift “reflects the evolution of the business” as Netflix prioritizes advertising and subscriber retention.

Original source: https://searchengineland.com/netflix-ad-supported-tier-subscriber-growth-surge-444286