Multi-Vector Encoder

This is a Multi-Vector Encoder model trained on the parquet dataset using the sentence-transformers library. It maps inputs to sequences of 128-dimensional token-level vectors and scores them with late interaction (MaxSim), useful for semantic search with late interaction.

Model Details

Model Description

  • Model Type: Multi-Vector Encoder
  • Maximum Sequence Length: 300 tokens
    • Maximum Query Length: 32 tokens
    • Maximum Document Length: 300 tokens
  • Output Dimensionality: 128 dimensions
  • Similarity Function: MaxSim
  • Supported Modality: Text
  • Training Dataset:
    • parquet

Model Sources

Full Model Architecture

MultiVectorEncoder(
  (0): Transformer({'transformer_task': 'feature-extraction', 'modality_config': {'text': {'method': 'forward', 'method_output_name': 'last_hidden_state'}}, 'module_output_name': 'token_embeddings', 'query_length': 32, 'document_length': 300, 'architecture': 'ModernBertModel'})
  (1): Dense({'in_features': 256, 'out_features': 128, 'bias': False, 'activation_function': 'torch.nn.modules.linear.Identity', 'module_input_name': 'token_embeddings', 'module_output_name': 'token_embeddings'})
  (2): MultiVectorMask({'skiplist_words': [], 'skiplist_tasks': ['document'], 'keep_only_token_ids': None})
  (3): Normalize({'module_input_name': 'token_embeddings', 'module_output_name': 'token_embeddings'})
)

Usage

Direct Usage (Sentence Transformers)

First install the Sentence Transformers library:

pip install -U sentence-transformers

Then you can load this model and run inference.

from sentence_transformers import MultiVectorEncoder

# Download from the 🤗 Hub
model = MultiVectorEncoder("multi_vector_encoder_model_id")
# Run inference: each input becomes a sequence of per-token vectors (variable length).
queries = [
    'What actor stared in a film directed by Mark L. Lester?',
]
documents = [
    'Commando is a 1985 American action film directed by Mark L. Lester, and starring Arnold Schwarzenegger and Rae Dawn Chong. The film was released in the United States on October 4, 1985.',
    'Drew Snyder is an American actor of film and television. He is best known for his roles in films such as "Commando, Firestarter," and "Cruel Intentions", a well as numerous guest and recurring roles in several well-known television series including "American Horror Story", "NYPD Blue", and "Life Goes On".',
    'Mark L. Lester (born November 26, 1946) is an American film director, screenwriter, and producer. He is best known as a prolific director of cult films including the disco musical "Roller Boogie", the vigilante thriller film "Class of 1984", the Stephen King-adaptation "Firestarter" (1984), the Arnold Schwarzenegger action film "Commando" (1985), and the action-comedy "Armed and Dangerous" (1986), starring John Candy, Eugene Levy, and Meg Ryan.',
]
query_embeddings = model.encode_query(queries)
document_embeddings = model.encode_document(documents)
print(query_embeddings[0].shape, document_embeddings[0].shape)
# (16, 128) (47, 128)

# Get the MaxSim similarity scores
similarities = model.similarity(query_embeddings, document_embeddings)
print(similarities)
# tensor([[11.4864,  5.9646, 12.2358]])

Training Details

Training Dataset

parquet

  • Dataset: parquet
  • Size: 1,046,009 training samples
  • Columns: query, document_1, document_2, document_3, document_4, document_5, document_6, document_7, document_8, document_9, document_10, document_11, document_12, document_13, document_14, document_15, document_16, document_17, document_18, document_19, document_20, document_21, document_22, document_23, document_24, document_25, document_26, document_27, document_28, document_29, document_30, document_31, document_32, and scores
  • Approximate statistics based on the first 100 samples:
    query document_1 document_2 document_3 document_4 document_5 document_6 document_7 document_8 document_9 document_10 document_11 document_12 document_13 document_14 document_15 document_16 document_17 document_18 document_19 document_20 document_21 document_22 document_23 document_24 document_25 document_26 document_27 document_28 document_29 document_30 document_31 document_32 scores
    type string string string string string string string string string string string string string string string string string string string string string string string string string string string string string string string string string list
    modality text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text
    details
    • min: 7 tokens
    • mean: 14.26 tokens
    • max: 24 tokens
    • min: 15 tokens
    • mean: 178.02 tokens
    • max: 300 tokens
    • min: 31 tokens
    • mean: 174.67 tokens
    • max: 300 tokens
    • min: 18 tokens
    • mean: 177.12 tokens
    • max: 300 tokens
    • min: 45 tokens
    • mean: 181.39 tokens
    • max: 300 tokens
    • min: 26 tokens
    • mean: 168.93 tokens
    • max: 300 tokens
    • min: 26 tokens
    • mean: 173.92 tokens
    • max: 300 tokens
    • min: 27 tokens
    • mean: 170.85 tokens
    • max: 300 tokens
    • min: 24 tokens
    • mean: 176.45 tokens
    • max: 300 tokens
    • min: 38 tokens
    • mean: 186.77 tokens
    • max: 300 tokens
    • min: 21 tokens
    • mean: 167.45 tokens
    • max: 300 tokens
    • min: 12 tokens
    • mean: 171.02 tokens
    • max: 300 tokens
    • min: 21 tokens
    • mean: 187.41 tokens
    • max: 300 tokens
    • min: 24 tokens
    • mean: 175.52 tokens
    • max: 300 tokens
    • min: 32 tokens
    • mean: 164.27 tokens
    • max: 300 tokens
    • min: 52 tokens
    • mean: 192.5 tokens
    • max: 300 tokens
    • min: 19 tokens
    • mean: 178.11 tokens
    • max: 300 tokens
    • min: 18 tokens
    • mean: 169.45 tokens
    • max: 300 tokens
    • min: 34 tokens
    • mean: 172.09 tokens
    • max: 300 tokens
    • min: 22 tokens
    • mean: 172.31 tokens
    • max: 300 tokens
    • min: 27 tokens
    • mean: 177.35 tokens
    • max: 300 tokens
    • min: 24 tokens
    • mean: 171.45 tokens
    • max: 300 tokens
    • min: 15 tokens
    • mean: 166.03 tokens
    • max: 300 tokens
    • min: 19 tokens
    • mean: 172.17 tokens
    • max: 300 tokens
    • min: 29 tokens
    • mean: 165.82 tokens
    • max: 300 tokens
    • min: 36 tokens
    • mean: 185.49 tokens
    • max: 300 tokens
    • min: 28 tokens
    • mean: 183.41 tokens
    • max: 300 tokens
    • min: 29 tokens
    • mean: 175.08 tokens
    • max: 300 tokens
    • min: 31 tokens
    • mean: 160.34 tokens
    • max: 300 tokens
    • min: 22 tokens
    • mean: 172.46 tokens
    • max: 300 tokens
    • min: 25 tokens
    • mean: 166.98 tokens
    • max: 300 tokens
    • min: 27 tokens
    • mean: 169.66 tokens
    • max: 300 tokens
    • min: 28 tokens
    • mean: 161.57 tokens
    • max: 300 tokens
    • size: 32 elements
  • Samples:
    query document_1 document_2 document_3 document_4 document_5 document_6 document_7 document_8 document_9 document_10 document_11 document_12 document_13 document_14 document_15 document_16 document_17 document_18 document_19 document_20 document_21 document_22 document_23 document_24 document_25 document_26 document_27 document_28 document_29 document_30 document_31 document_32 scores
    What is considered a business expense on a business trip? The IRS Guidance pertaining to the subject. In general the best I can say is your business expense may be deductible. But it depends on the circumstances and what it is you want to deduct. Travel Taxpayers who travel away from home on business may deduct related expenses, including the cost of reaching their destination, the cost of lodging and meals and other ordinary and necessary expenses. Taxpayers are considered “traveling away from home” if their duties require them to be away from home substantially longer than an ordinary day’s work and they need to sleep or rest to meet the demands of their work. The actual cost of meals and incidental expenses may be deducted or the taxpayer may use a standard meal allowance and reduced record keeping requirements. Regardless of the method used, meal deductions are generally limited to 50 percent as stated earlier. Only actual costs for lodging may be claimed as an expense and receipts must be kept for documentation. ... "It depends on what the ""true"" reason for the trip is. If you decide to deduct the trip as a business expense, then during an audit you will be asked why you had to go there. If there was nothing accomplished via the travel (that is, you worked from the hotel, met with no clients, visited no tradeshows, etc) then the expense is unlikely to be allowed. Yes, on a business trip you can do sightseeing if you wish (though you can't deduct any sightseeing specific expenses, like admission to a tourist attraction), but if you are just working while on vacation, then the trip itself is not deductible, since there was no business benefit to traveling in the first place." Food is almost never a valid expense. Reason for it is simple - if you were not conducting business you would have to eat too. Ad 1. I don't see why travel in that case would not be a valid expense, as the only reason for you to travel there is for business reasons. Ad 2. Unlikely as there is a duality of purpose. So while part of it may be business, you are also getting personal benefit from the visit (coffee/cakes etc) so that generally is a no. Ad 3. No, while you can claim for entertainment of employees (to sensible extends), that doesn't work when entertaining clients. Ad 4. If any part of the trip is for leisure then you cannot claim it as business expense, sorry! If there is any duality of use then it's not a business expense. And food, as always, is a no go. No, you cannot deduct it. There's no business substance in such a trip, it is your vacation, and as such cannot be claimed as an expense against the rental income. You may be able to deduct the coffee you buy for the meeting with the property manager while there, but there's no way you can justify a 7-10 days vacation with your whole family as an expense to maintain the rental property. Since you will only have less than 2 weeks personal use, you won't need to prorate expenses, so you have that at least. Well, if you were a business, and your food and rent and travel expenses were business expenses, and you paid out less money than you earned, you would get a refund. If you can prove that an expense is tax deductible, then that's just what it is. For businesses, a net operating loss is tax deductible. "Disclaimer: My answer is based on US tax law, but I assume Australian situation would be similar. The IRS would not be likely to believe your statement that ""I wouldn't have gone to the country if it wasn't for the conference."" A two-week vacation, with a two-day conference in there, certainly looks like you threw in the conference in order to deduct vacation expenses. At the very least, you would need a good reason why this conference is necessary to your business. If you can give that reason, it would then depend on the specifics of Australian law. The vacation is clearly not just incidental to the trip. The registration for the conference is always claimable as a business expense." "To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary. (IRS, Deducting Business Expenses) It seems to me you'd have a hard time convincing an auditor that this is the case. Since business don't commonly own cars for the sole purpose of housing $25 computers, you'd have trouble with the ""ordinary"" test. And since there are lots of other ways to house a computer other than a car, ""necessary"" seems problematic also." As I understand it... Generally housing can't be considered a business expense unless taken at your employer's explicit direction, for the good of the business rather than the employee. Temporary assignment far enough from you home office that commuting or occasional hotel nights are impractical, maybe. In other words, if they wouldn't be (at least theoretically) willing to let you put it on an expense account, you probably can't claim it here. Alright, IRS Publication 463: Travel, Entertainment, Gift, and Car Expenses Business and personal use. If you use your car for both business and personal purposes, you must divide your expenses between business and personal use. You can divide your expense based on the miles driven for each purpose. Example. You are a sales representative for a clothing firm and drive your car 20,000 miles during the year: 12,000 miles for business and 8,000 miles for personal use. You can claim only 60% (12,000 ÷ 20,000) of the cost of operating your car as a business expense Obviously nothing helpful in the code. So I would use option 1, weight the maintenance-related mileage by the proportion of business use. Although if you use your car for business a lot (and perhaps have a spouse with a car), an argument could be made for 3. So I would consider my odds of being audited (even lower this year due to IRS budget cuts) and choose 1 or 3. And of course never throw anything away unt... "I would say to only bother keeping the ones you know you'll use for itemized deductions. This includes any unreimbursed business expenses and vehicle licensing fees. There are a lot of other itemized tax deductions possible, but those are two common ones. Also, keep track of your business mileage (mileage before and after the trip, and commuting doesn't count as ""business mileage""). You may also want to keep receipts of all out-of-state purchases if your state is one of those that tries to collect state tax on out-of-state purchases. Ensure your supported charities are 501(c)(3), and they'll give you a receipt at the end of the year. Don't bother keeping fast food or gas receipts (unless they're business expenses)." If you and your wife are owners, your tickets might be a business expense against the rental income. 'Might' as in the IRS will be happy to audit you, seeing the kids went as well and prorating the expense as say 25% was really business, the rest, family vacation. If this $4000 write off is the make or break for this deal, don't do it. You can deduct this if the main purpose of the trip is to attend the seminar. Travel expenses relating to the attendance at conferences, seminars and other work-related events are deductible to the extent that they relate to your income-producing activities. You will need to apportion your travel expenses where you undertake both work-related and private activities. Travel costs to and from the location of the work-related event will only be deductible where the primary purpose of the travel was to attend the event. Accommodation, food and other incidental costs must be apportioned between work-related and private activities taking into account the types of activities that you did on the day you incurred the cost. You might like to consider in advance what you would tell them if they questioned this - for instance you might say (if they are true): There is no law that requires you to have a separate bank account for your business, or to pay all expenses from a business bank account. It is a GOOD IDEA to have a separate bank account and pay all business expenses from that account and all personal expenses from your personal account, because that makes sorting out what is what much simpler, both in case of an audit and for your own accounting. Whether a particular expenditure is a deductible business expense has nothing to do with what account you pay it from. If you pay advertising expenses for your business from your personal account, that's still (almost certainly) a deductible business expense. If you buy groceries from your business account, that's almost certainly not a deductible business expense. In your case, there are all kinds of rules about when and how much travel is deductible. "Worksheets/ Documentation: (From my experience filing my business deductions through several tax preparers.) Keep all your calculations, but only submit the calculations and worksheets requested by the tax form. Most travel deductions are just a category total. If the IRS wants more info, it will ask for it. Information from the book Home Business Tax Deductions (from Nolo) (2012): Traveling with kids: In chapter 9 (""Leaving Town: Business Travel""), in the section ""Taking People With You"", it specifically discusses your situation. Paraphrasing, it says that you can deduct the amount any eligible expenses would have cost you if you were traveling without your kids. So, you can deduct the cost the smaller hotel room that you and your wife would have normally rented if you were alone. How your side trips affect your business deductions: According to the book, since you spent 50% or more of your time on business activities while traveling in the U.S.: Deducting meals shared with your... "The short answer is yes you can, but you have to make sure you do it correctly. If you are employed by a tech company that does contract work at a separate location and you don't get reimbursed by your employer for travel expenses, you can claim the mileage between your home and location B as a business expense, but there's a catch - you have to subtract the mileage between your home and location A (your employer). So if it's 20 miles from your house to your employer (location A), and 30 miles from your house to the business you're contracting at (location B), you can only claim 10 miles each way (so 20 miles total). Obviously if the distance to location B is closer than your employer (location A), you're out of luck. You will have to itemize to take this deduction, by filling out a Schedule A for itemized deductions and Form 2106 to calculate how much of a deduction for travel expenses you can take. Google ""should i itemize"", if you're unsure whether to take the Standard Deduction... I think you can. I went to Mexico for business and the company paid for it, so if you are self employed you should be able to expense it. "Yes, your business needs to be in the business of making money in order for you to deduct the expenses associated with it. I suppose in theory this could mean that if you take in $10,000 and spend $30,000 every year, you not only don't get a net deduction of $20,000 (your loss) but you have to pay tax on $10,000 (your revenue). However this is super fixable. Just only deduct $9500 of your expenses. Tada! Small profit.For all the gory details, including how they consider whether you have an expectation of profits, see http://www.cra-arc.gc.ca/E/pub/gl/p-176r/p-176r-e.html This ""expectation of profit"" rule appears to apply to things like ""I sell home décor items (or home decorating advice) and therefore need to take several multi week trips to exotic vacation destinations every year and deduct them as business expenses."" If you're doing woodworking or knitting in your home and selling on Etsy you don't particularly have any expenses. It's hard to imagine a scenario where you consist... I contacted Stephen Fishman, J.D., the author of Home Business Tax Deductions, to let him know that this question was missing from his book. He was kind enough to send a reply. My original phrasing of the question: If your car is used for both business and personal use, and you deduct via the actual expense method, do trips to the mechanic, gas station, and auto parts store to service or repair the car count as business miles, personal miles, or part-business-part-personal miles? What about driving the newly-purchased car home from the dealership? And his response: Good question. I can find nothing about this in IRS publication or elsewhere. However, common sense would tell us that the cost of driving to make car repairs should be deductible. If you use your car for business, it is a business expense, just like transporting any other piece of business equipment for repairs is a business expense. This should be so whether you use the standard mileage rate or actual expense method. You s... "When you pay the flight, hotel, conference attendance fees of $100: When you repay the credit card debt of $100: When you receive the gross salary of $5000: Your final balance sheet will show: Your final income statement will show: Under this method, your ""Salary"" account will show the salary net of business expense. The drawback is that the $4900 does not agree with your official documentation. For tax reporting purposes, you report $5000 to the tax agency, and if possible, report the $100 as Unreimbursed Employee Expenses (you weren't officially reimbursed). For more details see IRS Publication 529." "Some of the 45,000 might be taxable. The question is how was the stipend determined. Was it based on the days away? The mile driven? The cities you worked in? The IRS has guidelines regarding what is taxable in IRS Pub 15 Per diem or other fixed allowance. You may reimburse your employees by travel days, miles, or some other fixed allowance under the applicable revenue procedure. In these cases, your employee is considered to have accounted to you if your reimbursement doesn't exceed rates established by the Federal Government. The 2015 standard mileage rate for auto expenses was 57.5 cents per mile. The rate for 2016 is 54 cents per mile. The government per diem rates for meals and lodging in the continental United States can be found by visiting the U.S. General Services Administration website at www.GSA.gov and entering ""per diem rates"" in the search box. Other than the amount of these expenses, your employees' business expenses must be substantiated (for exam... Yes, the business can count that as an expense but you will need to count that as income because a computer = money. "The piece is a little misguided at best and poor journalism at worst. The problem lies in the difference between what's deductible for individuals and what's deductible for corporations. The short version of the story is that corporations can deduct a hell of a lot more things than individuals can. Individual deductions are spelled out in the Internal Revenue Code. Stuff like medical expenses (above 7.5% of your AGI), certain educational things, etc. For corporations, the basic rule is that they can deduct any ""ordinary and necessary"" business expenses. That includes operating, travel, interest, employee, etc. I wish that the article had cited specific sections of the Code if this was some kind of loophole or something, but alas, it appears that they didn't. That leads me to believe that these companies are deducting the portion not paid to the government as a business expense. ~~For what it's worth, I don't believe that a company can deduct those expenses for tax purposes unles... I would suggest at least getting a personal card that you only use for business expenses, even if you don't opt for a business card. It makes it very clear that expenses on that card are business expenses, and is just more professional. The same goes for a checking account, if you have one of those. It makes it easier to defend if you are ever audited, and if you use an accountant or tax preparer. "No, your business cannot deduct your non-business expenses. You can only deduct from your business income those reasonable expenses you paid in order to earn income for the business. Moreover, for there to be a tax benefit, your business generally has to have income (but I expect there are exceptions; HST input tax credits come to mind.) The employment income from your full-time job wouldn't count as business income for your corporation. The corporation has nothing to do with that income – it's earned personally, by you. With respect to restaurant bills: These fall under a category known as ""meals & entertainment"". Even if the expense can be considered reasonable and business-related (e.g. meeting customers or vendors) the Canada Revenue Agency decided that a business can only deduct half of those kinds of expenses for tax purposes. With respect to gasoline bills: You would need to keep a mileage and expense log. Only the portion of your automobile expenses that relate to the busi... "The answer is ""Yes"", You can deduct them. As long as you showed that you put in effort to make a profit then you can deduct business expenses." "According to this post on TurboTax forums, you could deduct it as an ""Unreimbursed Employee"" expense. This would seem consistent with the IRS Guidelines on such deductions: An expense is ordinary if it is common and accepted in your trade, business, or profession. An expense is necessary if it is appropriate and helpful to your business. An expense does not have to be required to be considered necessary. Office rent is not listed explicitly among the examples of deductible unreimbursed employee expenses, but this doesn't mean it's not allowed. Of course you should check with a tax professional if you want to be sure." "In the US you are not required to have a corporation to use business expenses to offset your income. The technical term you need is ""deducting business expenses"", and in matters of taxes it's usually best to go straight to the horse's mouth: the IRS's explanations Deducting Business Expenses Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business operates to make a profit. What Can I Deduct? Cost of Goods Sold, Capital Expenses, Personal versus Business Expenses, Business Use of Your Home, Business Use of Your Car, Other Types of Business Expenses None of this requires any special incorporation or tax arrangements, and are a normal part of operating a business. However, there is a bit of a problem with your scenario. You said you ""invested"" into a business, but you mentioned buying specific things for the business which is not generally how one accounts for investment. If you are not an owner/operator of t... "Old question, but in the comments of the accepted answer, I believe Nate Eldredge is correct and littleadv is incorrect. Nate copied the actual quote from the IRS guidelines, quoted below: An expense is ordinary if it is common and accepted in your trade, business, or profession. An expense is necessary if it is appropriate and helpful to your business. An expense doesn't have to be required to be considered necessary. Noise cancelling headphones certainly count as ""appropriate and helpful to your business"" in the software industry, especially with the trend of open office layouts. And because of the ubiquitous distractions inherent in the aforementioned office space, noise cancelling headphones are becoming quite ""common and accepted"" for use by developers. I'd be more hesitant about the keyboard and monitor, as presumably the employer is providing those already. As using your own could be said to just be a personal preference over those provided, the argument that providing you... The relevant IRS publication is pub 463. Note that there are various conditions and exceptions, but it all starts with business necessity. Is it necessary for you to work from the UK? If you're working from the UK because you wanted to take a vacation, but still have to work, and would do the same work without being in the UK - then you cannot deduct travel expenses. It sounds to me like this is the case here. "I'm not sure what you mean by ""writing off your time,"" but to answer your questions: Remember that, essentially, you are a salaried employee of a corporation. So if you are spending time at your job, even if you are not billing anything to a client, you are earning your salary. If there are costs involved with these activities (maybe class fees, a book purchase, or travel expenses), the corporation should be paying the costs as business expenses. However, the logistics of this, whether the corporation writes a business check to the vendor directly, or you put the expenses on a personal credit card and are reimbursed with an expense check from the corporation, don't matter. Your accountant can show you the right way to do this." The only thing the book advises to do is to start an LLC that invests in real estate, then deduct everything you do as a business expense related to investing in real estate. Going on a vacation to Hawaii? Deduct it, you were checking out real estate. And so on and so forth. You don't say what country you live in. If it's the U.S., the IRS has very specific rules for business use of a car. See, for starters at least, http://www.irs.gov/publications/p463/ch04.html. The gist of it is: If you use the car 100% for business purposes, you NEVER use it to drive to the grocery store or to your friend's house, etc, then it is a deductible business expense. If you use a car party for business use and partly for personal use, than you can deduct the portion of the expense of the car that is for business use, but not the portion that is for personal use. So basically, if you use the car 75% for business purposes and 25% for personal use, you can deduct 75% of the cost and expenses. You can calculate the business use by, (a) Keeping careful records of how much you spent on gas, oil, repairs, etc, tracking the percentage of business use versus percentage of personal use, and then multiplying the cost by the percentage business use and that is the amount you can deduct; ... [0.46484375, 0.18359375, 0.1708984375, -0.038330078125, -0.10205078125, ...]
    Business Expense - Car Insurance Deductible For Accident That Occurred During a Business Trip As a general rule, you must choose between a mileage deduction or an actual expenses deduction. The idea is that the mileage deduction is supposed to cover all costs of using the car. Exceptions include parking fees and tolls, which can be deducted separately under either method. You explicitly cannot deduct insurance costs if you claim a mileage deduction. Separately, you probably won't be able to deduct the deductible for your car as a casualty loss. You first subtract $100 from the deductible and then divide it by your Adjusted Gross Income (AGI) from your tax return. If your deductible is over 10% of your AGI, you can deduct it. Note that even with a $1500 deductible, you won't be able to deduct anything if you made more than $14,000 for the year. For most people, the insurance deductible just isn't large enough relative to income to be tax deductible. Source I contacted Stephen Fishman, J.D., the author of Home Business Tax Deductions, to let him know that this question was missing from his book. He was kind enough to send a reply. My original phrasing of the question: If your car is used for both business and personal use, and you deduct via the actual expense method, do trips to the mechanic, gas station, and auto parts store to service or repair the car count as business miles, personal miles, or part-business-part-personal miles? What about driving the newly-purchased car home from the dealership? And his response: Good question. I can find nothing about this in IRS publication or elsewhere. However, common sense would tell us that the cost of driving to make car repairs should be deductible. If you use your car for business, it is a business expense, just like transporting any other piece of business equipment for repairs is a business expense. This should be so whether you use the standard mileage rate or actual expense method. You s... You don't say what country you live in. If it's the U.S., the IRS has very specific rules for business use of a car. See, for starters at least, http://www.irs.gov/publications/p463/ch04.html. The gist of it is: If you use the car 100% for business purposes, you NEVER use it to drive to the grocery store or to your friend's house, etc, then it is a deductible business expense. If you use a car party for business use and partly for personal use, than you can deduct the portion of the expense of the car that is for business use, but not the portion that is for personal use. So basically, if you use the car 75% for business purposes and 25% for personal use, you can deduct 75% of the cost and expenses. You can calculate the business use by, (a) Keeping careful records of how much you spent on gas, oil, repairs, etc, tracking the percentage of business use versus percentage of personal use, and then multiplying the cost by the percentage business use and that is the amount you can deduct; ... "It depends on what the ""true"" reason for the trip is. If you decide to deduct the trip as a business expense, then during an audit you will be asked why you had to go there. If there was nothing accomplished via the travel (that is, you worked from the hotel, met with no clients, visited no tradeshows, etc) then the expense is unlikely to be allowed. Yes, on a business trip you can do sightseeing if you wish (though you can't deduct any sightseeing specific expenses, like admission to a tourist attraction), but if you are just working while on vacation, then the trip itself is not deductible, since there was no business benefit to traveling in the first place." The IRS Guidance pertaining to the subject. In general the best I can say is your business expense may be deductible. But it depends on the circumstances and what it is you want to deduct. Travel Taxpayers who travel away from home on business may deduct related expenses, including the cost of reaching their destination, the cost of lodging and meals and other ordinary and necessary expenses. Taxpayers are considered “traveling away from home” if their duties require them to be away from home substantially longer than an ordinary day’s work and they need to sleep or rest to meet the demands of their work. The actual cost of meals and incidental expenses may be deducted or the taxpayer may use a standard meal allowance and reduced record keeping requirements. Regardless of the method used, meal deductions are generally limited to 50 percent as stated earlier. Only actual costs for lodging may be claimed as an expense and receipts must be kept for documentation. ... You've got two options. Deduct the business portion of the depreciation and actual expenses for operating the car. Use the IRS standard mileage rate of $.575/mile in 2015. Multiply your business miles by the rate to calculate your deduction. Assuming you're a sole proprietor you'll include a Schedule C to your return and claim the deduction on that form. Unless you own a business and the car is used in that business you can't write off your auto repairs. If you start a sole-proprietorship in your own name there are all sorts of things you can write off as long as there is a reasonable expectation of profit. This includes a portion of your car repairs, a portion of your home expenses (assuming it's a home-based business), any tools used in the business, all kinds of stuff. The portion of your auto is based on total miles driven in the year vs. total miles driven for business purposes. Eligible auto expenses include repairs, gas/oil, insurance, parking, and interest on the auto loan. There are some things to remember: I'm no expert on California business law. Talk to a lawyer and an accountant if you wish to go this way. Many offer a half-hour free session for new clients. "When I have a question about my income taxes, the first place I look is generally the Giant Book of Income Tax Information, Publication 17 (officially called ""Your Federal Income Tax""). This looks to be covered in Chapter 26 on ""Car Expenses and Other Employee Business Expenses"". It's possible that there's something in there that applies to you if you need to temporarily commute to a place that isn't your normal workplace for a legitimate business reason or other business-related travel. But for your normal commute from your home to your normal workplace it has this to say: Commuting expenses. You cannot deduct the costs of taking a bus, trolley, subway, or taxi, or of driving a car between your home and your main or regular place of work. These costs are personal commuting expenses. You cannot deduct commuting expenses no matter how far your home is from your regular place of work. You cannot deduct commuting expenses even if you work during the commuting trip." Alright, IRS Publication 463: Travel, Entertainment, Gift, and Car Expenses Business and personal use. If you use your car for both business and personal purposes, you must divide your expenses between business and personal use. You can divide your expense based on the miles driven for each purpose. Example. You are a sales representative for a clothing firm and drive your car 20,000 miles during the year: 12,000 miles for business and 8,000 miles for personal use. You can claim only 60% (12,000 ÷ 20,000) of the cost of operating your car as a business expense Obviously nothing helpful in the code. So I would use option 1, weight the maintenance-related mileage by the proportion of business use. Although if you use your car for business a lot (and perhaps have a spouse with a car), an argument could be made for 3. So I would consider my odds of being audited (even lower this year due to IRS budget cuts) and choose 1 or 3. And of course never throw anything away unt... Except most people's insurance doesn't allow them to use their personal vehicles for business purposes. If they had a package to be delivered in the car and get in an accident than insurance will not pay out anything. I looked at Publication 463 (2014), Travel, Entertainment, Gift, and Car Expenses for examples. I thought this was the mot relevant. No regular place of work. If you have no regular place of work but ordinarily work in the metropolitan area where you live, you can deduct daily transportation costs between home and a temporary work site outside that metropolitan area. Generally, a metropolitan area includes the area within the city limits and the suburbs that are considered part of that metropolitan area. You cannot deduct daily transportation costs between your home and temporary work sites within your metropolitan area. These are nondeductible commuting expenses. This only deals with transportation to and from the temporary work site. Transportation expenses do not include expenses you have while traveling away from home overnight. Those expenses are travel expenses discussed in chapter 1 . However, if you use your car while traveling away from home overnight, ... "The short answer is yes you can, but you have to make sure you do it correctly. If you are employed by a tech company that does contract work at a separate location and you don't get reimbursed by your employer for travel expenses, you can claim the mileage between your home and location B as a business expense, but there's a catch - you have to subtract the mileage between your home and location A (your employer). So if it's 20 miles from your house to your employer (location A), and 30 miles from your house to the business you're contracting at (location B), you can only claim 10 miles each way (so 20 miles total). Obviously if the distance to location B is closer than your employer (location A), you're out of luck. You will have to itemize to take this deduction, by filling out a Schedule A for itemized deductions and Form 2106 to calculate how much of a deduction for travel expenses you can take. Google ""should i itemize"", if you're unsure whether to take the Standard Deduction... "To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary. (IRS, Deducting Business Expenses) It seems to me you'd have a hard time convincing an auditor that this is the case. Since business don't commonly own cars for the sole purpose of housing $25 computers, you'd have trouble with the ""ordinary"" test. And since there are lots of other ways to house a computer other than a car, ""necessary"" seems problematic also." No, you cannot deduct it. There's no business substance in such a trip, it is your vacation, and as such cannot be claimed as an expense against the rental income. You may be able to deduct the coffee you buy for the meeting with the property manager while there, but there's no way you can justify a 7-10 days vacation with your whole family as an expense to maintain the rental property. Since you will only have less than 2 weeks personal use, you won't need to prorate expenses, so you have that at least. If you itemize your deductions then the interest that you pay on your primary residence is tax deductible. Also realestate tax is also deductible. Both go on Schedule A. The car payment is not tax deductible. You will want to be careful about claiming business deduction for home or car. The IRS has very strict rules and if you have any personal use you can disqualify the deduction. For the car you often need to use the mileage reimbursement rates. If you use the car exclusively for work, then a lease may make more sense as you can expense the lease payment whereas with the car you need to follow the depreciation schedule. If you are looking to claim business expense of car or home, it would be a very good idea to get professional tax advice to ensure that you do not run afoul of the IRS. You can deduct this if the main purpose of the trip is to attend the seminar. Travel expenses relating to the attendance at conferences, seminars and other work-related events are deductible to the extent that they relate to your income-producing activities. You will need to apportion your travel expenses where you undertake both work-related and private activities. Travel costs to and from the location of the work-related event will only be deductible where the primary purpose of the travel was to attend the event. Accommodation, food and other incidental costs must be apportioned between work-related and private activities taking into account the types of activities that you did on the day you incurred the cost. You might like to consider in advance what you would tell them if they questioned this - for instance you might say (if they are true): Well, if you were a business, and your food and rent and travel expenses were business expenses, and you paid out less money than you earned, you would get a refund. If you can prove that an expense is tax deductible, then that's just what it is. For businesses, a net operating loss is tax deductible. First you should understand the basics of how insurance companies make money: In a simple scenario, assume 1,000 have car insurance. Assume that on average, 100 people have accidents per year, and that each accident costs $10,000. So, we can expect total costs to be $1,000,000 per year. Some of those costs will be paid by the drivers, who have some sort of 'deductible'. That is - the insurance company will only cover costs after the driver has themself paid some initial amount [something like, the first $1,000 of repairs is paid by the driver]. So now the insurance company expects to have to pay out $900,000 in total claims this year. If they want to pay those claims (and also pay their administrative costs, and earn a profit), they might want to have $1,250,000 in revenue. Across 1,000 people, that would be $1,250 / year in insurance premiums. Of course, the big question for the insurance company is: how much will they really need to pay out in insurance claims each year? The better t... "The answer is ""Yes"", You can deduct them. As long as you showed that you put in effort to make a profit then you can deduct business expenses." There is no law that requires you to have a separate bank account for your business, or to pay all expenses from a business bank account. It is a GOOD IDEA to have a separate bank account and pay all business expenses from that account and all personal expenses from your personal account, because that makes sorting out what is what much simpler, both in case of an audit and for your own accounting. Whether a particular expenditure is a deductible business expense has nothing to do with what account you pay it from. If you pay advertising expenses for your business from your personal account, that's still (almost certainly) a deductible business expense. If you buy groceries from your business account, that's almost certainly not a deductible business expense. In your case, there are all kinds of rules about when and how much travel is deductible. "Worksheets/ Documentation: (From my experience filing my business deductions through several tax preparers.) Keep all your calculations, but only submit the calculations and worksheets requested by the tax form. Most travel deductions are just a category total. If the IRS wants more info, it will ask for it. Information from the book Home Business Tax Deductions (from Nolo) (2012): Traveling with kids: In chapter 9 (""Leaving Town: Business Travel""), in the section ""Taking People With You"", it specifically discusses your situation. Paraphrasing, it says that you can deduct the amount any eligible expenses would have cost you if you were traveling without your kids. So, you can deduct the cost the smaller hotel room that you and your wife would have normally rented if you were alone. How your side trips affect your business deductions: According to the book, since you spent 50% or more of your time on business activities while traveling in the U.S.: Deducting meals shared with your... I don't think there's much you can do. Losses from the sale of personal-use automobiles (used for pleasure, commuting, etc) are not deductible as capital losses. See IRS Tax Topic 409, end of the first paragraph. The expenses you incurred in owning and operating the car (insurance, fuel, maintenance, service plans, etc) are not deductible either. If you used it partly for business, then some of your expenses might be deductible; see IRS Tax Topic 510. This includes depreciation (decline in value), but only according to a standard schedule; you don't generally just get to deduct the difference between your buying and selling price. Also, you'd need to have records to verify your business use. But anyway, these deductions would apply (or not) regardless of whether you sell the car. You don't get your sales tax refunded when you resell the vehicle. That's why it's a sales tax, not a value-added tax. Note, however, that if you do sell it, the sales tax on this new transaction will b... "The government thought of that a long time ago, and has any loophole there plugged. Like if you set up a company to buy a car and then allow you to use it ... You can use the car for company business, like driving to a customer's office to make a sales call or delivery, and the cost of the car is then tax deductible. But the company must either prohibit personal use of the car, or keep a log of personal versus business use and the personal use becomes taxable income to you. So at best you'd get to deduct an expense here and then you'd have to add it back there for a net change in taxable income of zero. In general the IRS is very careful about personal use of business property and makes it tough to get away with a free ride. I'm sure there are people who lie about it and get away with it because they're never audited, but even if that causes you no ethical qualms, it's very risky. I don't doubt that there are people with very smart lawyers who have found loopholes in the rules. But it... If it's a legitimate cost of doing business, it's as deductible as any other cost of doing business. (Reminder: be careful about the distinctions between employee and contractor; the IRS gets annoyed if you don't handle this correctly.) "One way to look at insurance is that it replaces an unpredictable expenses with a predictable fees. That is, you pay a set monthly amount (""premium"") instead of the sudden costs associated with a collision or other covered event. Insurance works as a business, which means they intend to make a substantial profit for providing that service. They put a lot of effort in to measuring probabilities, and carefully set the premiums to get make a steady profit*. The odds are in their favor. You have to ask yourself: if X happened tomorrow, how would I feel about the financial impact? Also, how much will it cost me to buy insurance to cover X? If you have a lot of savings, plenty of available credit, a bright financial future, and you take the bus to work anyway, then totaling your car may not be a big deal, money wise. Skip the insurance. If you have no savings, plenty of debt, little prospects for that improving, and you depend on your car to get to work just so you can pay what you alread... "Disclaimer: This should go without saying, but this answer is definitely an opinion. (I'm pretty sure my current accountant would agree with this answer, and I'm also pretty sure that one of my past accountants would disagree.) When I started my own small business over 10 years ago I asked this very same question for pretty much every purchase I made that would be used by both the business and me personally. I was young(er) and naive then and I just assumed everything was deductible until my accountant could prove otherwise. At some point you need to come up with some rules of thumb to help make sense of it, or else you'll drive yourself and your accountant bonkers. Here is one of the rules I like to use in this scenario: If you never would have made the purchase for personal use, and if you must purchase it for business use, and if using it for personal use does not increase the expense to the business, it can be fully deducted by the business even if you sometimes use it perso... "Disclaimer: My answer is based on US tax law, but I assume Australian situation would be similar. The IRS would not be likely to believe your statement that ""I wouldn't have gone to the country if it wasn't for the conference."" A two-week vacation, with a two-day conference in there, certainly looks like you threw in the conference in order to deduct vacation expenses. At the very least, you would need a good reason why this conference is necessary to your business. If you can give that reason, it would then depend on the specifics of Australian law. The vacation is clearly not just incidental to the trip. The registration for the conference is always claimable as a business expense." "While COBRA premiums are not eligible to be a ""business"" expense they can be a medical expense for personal deduction purposes. If you're itemizing your deductions you may be able to deduct that way. However, you will only be able to deduct the portion of the premium that exceeds 10% of your AGI. Are you a full time employee now or are you a 1099 contractor? Do you have access to your employers health plan?" "Suppose that I work from home, but do not qualify for a business use of home deduction. As I understand it, this means I cannot deduct trips from home to another work location (e.g., going to a client's home or office to do work there). I do not think this is true. You cannot deduct trips to your main business location, i.e.: you cannot deduct trips to your office or client's location if this is your main client and you routinely work on-site. However, if you only visit your clients on occasion for specific events while doing your routine work at home - you can definitely deduct those trips. The deduction of the home usage itself has nothing to do with it. However, there's a different reason they refer to pub 587. Your home must qualify as principal place of business (even if it doesn't qualify for deduction). The qualifications of ""principal place of business"" are described in pub 587. ""if for some personal reason you do not go directly from one location to the other, you ca... "I would say to only bother keeping the ones you know you'll use for itemized deductions. This includes any unreimbursed business expenses and vehicle licensing fees. There are a lot of other itemized tax deductions possible, but those are two common ones. Also, keep track of your business mileage (mileage before and after the trip, and commuting doesn't count as ""business mileage""). You may also want to keep receipts of all out-of-state purchases if your state is one of those that tries to collect state tax on out-of-state purchases. Ensure your supported charities are 501(c)(3), and they'll give you a receipt at the end of the year. Don't bother keeping fast food or gas receipts (unless they're business expenses)." Food is almost never a valid expense. Reason for it is simple - if you were not conducting business you would have to eat too. Ad 1. I don't see why travel in that case would not be a valid expense, as the only reason for you to travel there is for business reasons. Ad 2. Unlikely as there is a duality of purpose. So while part of it may be business, you are also getting personal benefit from the visit (coffee/cakes etc) so that generally is a no. Ad 3. No, while you can claim for entertainment of employees (to sensible extends), that doesn't work when entertaining clients. Ad 4. If any part of the trip is for leisure then you cannot claim it as business expense, sorry! If there is any duality of use then it's not a business expense. And food, as always, is a no go. To quote the answer you linked to: Perhaps the simplest way to think about this is you can only deduct an expense that you actually incur. In other words, the expense should show up on a bank or CC statement. So, if your business purchased the $1000 gift card for $800, you should see a $800 charge appearing on a business CC or bank statement. You would therefore be able to deduct the $800, but not the full $1000 of items that you purchase with it. Side Notes: [0.392578125, -0.0595703125, 0.03271484375, -0.0223388671875, 0.2021484375, ...]
    Starting a new online business Most US states have rules that go something like this: You will almost certainly have to pay some registration fees, as noted above. Depending on how you organize, you may or may not need to file a separate tax return for the business. (If you're sole proprietor for tax purposes, then you file on Schedule C on your personal Form 1040.) Whether or not you pay taxes depends on whether you have net income. It's possible that some losses might also be deductible. (Note that you may have to file a return even if you don't have net income - Filing and needing to pay are not the same since your return may indicate no tax due.) In addition, at the state level, you may have to pay additional fees or taxes beyond income tax depending on what you sell and how you sell it. (Sales tax, for example, might come into play as might franchise taxes.) You'll need to check your own state law for that. As always, it could be wise to get professional tax and accounting advice that's tailored to your si... Take your time. When I started my business I thought I had a killer name at first and a few weeks later I found a much better one. Brainstorm with your partners. For an internet business having a short domain name is going to matter, and you should really try to get a .com. A .us or .io are also good, but if the .com is already taken people will confuse them for you so it's good to get the .com first. Make sure you don't have any weird characters in your domain like hyphens which are harder to type on a mobile device. Are you an established business owner or looking to start a new business? We, at Valis International possess expertise in providing online incorporation services. Through our online incorporation services, we let you form a company in just a few minutes. All you need is to just fill in the personal information and our service provider does the rest of the work. Through our services, we can get your business incorporated for a reasonable cost. Become your own boss web business can be easily done with great fortune. The bonus are apparent to running your own kind of business particularly online, however, what you require to attain those bonus might not be so apparent. There’re various elements, however, the 3 most essential elements are mindset, proper training and education and posting yourself as a leader. The fastest way to start is to go the opposite way of how startups usually work. Instead of inventing a market, find something that is getting commoditized online, and see if you can fit in that established market via either a price cut or a unique feature. If done properly, you could start earning in less than 10-20 days. I actually help companies start up for a living. Here are some big parts you should do. 1 - Post on craigslist for work. Seems pointless but it helps a ton. Youll get potential new clients and it will help. Do one ad every day under something specific. One day maybe dishwashers, next garbage disposal, next drain clogs, next water leaks. You get the point. This will help reach people after a specific thing. Also it will help get your name out. 2 - Post on your local news areas. For example your local papers website will have a section to add your business. Also do a search for local forums around your area and post there. 3 - Create a website. If you are short on cash get a site from a good name provider. Dont use go daddy as they are an evil company ha. Find one local if you can and support your local economy. It might be a few dollars more but it helps everyone out and tell them how you are a new company. They might have friends and family members that can spread ... First of all $1k is not enough money to start a web business. You're probably going to lose all your money, your business and your friendship. Second of all you need to retain a lawyer. I really can't emphasize this enough. If a lawyer is too expensive for you, then THIS BUSINESS IS TOO EXPENSIVE FOR YOU. If you don't have the money, then you don't have the time. When you say it's his idea - did he come to you with a fully written business plan? Even if he did, that's not really worth 20% of the equity. I would insist on 50/50 if the capital is 50/50, and salary to whoever is working on it. You're not going to have profits in the first year. Let me repeat that. YOU'RE NOT GOING TO HAVE PROFITS IN THE FIRST YEAR. Things never, ever, EVER work that way. Or ok they do but it's like 1%. It's not going to happen to you. Now today all small and big business depends on the internet. So businessman should be those business lists in the multiple online directories. In the USA maximum user buy product through the web. If you have a business, then you can list your business globaltradeconnect's Business directory online. Where you can get more customer, product information, business location and direction. It's awesome to list a business on other online website like Google, Facebook, Bing. In now days beginning a business, website optimization daddy can enable you to begin a web business, to do you know the intricate details of web crawlers and have aptitudes in stages like Google Analytics? The proprietors of a ton of littler organizations don't understand the amount of an effect website, streamlining SEO can have on their business. We teach those entrepreneurs on the energy of starting an internet business to help change their sites into a more SEO-accommodating property. We have master abilities to the stage proprietors how to peruse and utilize their examination information the correct way, and how to legitimately utilize watchwords and structure substance to get more movement. "Online courses in one resource, although I've always found reading targeted books to be far more effective when it comes to business. My best advice on starting companies is learn how to think like those who have started the craziest/biggest/best companies. I've always gotten far more out of reading Steve Jobs' biography, Sam Walton's autobiography, John Rockefeller's biography ""Titan"", Warren Buffett's biography ""Snowball"", Howard Schulz's books on starbucks, etc. than just about any business course I've taken. These also far surpass your 'start a business with these steps' books. Although you do need to read some of those too. I'd encourage picking out a few business heroes and learning from them. Elon Musk is mine today. Check out his life story. For more targeted skills, such as learning accounting or management skills, amazon is pretty easy to navigate. tl;dr: Learn to think like the greats before learning the skills you need" I would suggest to start small and grow it up. By starting small I mean. Start online with something like a website. It is amazing what you can do if you simply just put an hour a day aside to do this. Do some research, listen to audiobooks on your commute or when you're eating breakfast in the morning, and get your family involved that will definitely help a lot. If you haven't read this book I would highly suggest it: The $100 Startup by Chris Guillebeau 100startup.com/ , and The 4 Hour Workweek by Timothy Ferriss https://fourhourworkweek.com/ . I was not sponsored by these books I just think they will genuinely help you. I'd start by doing a ton of research, talking to anyone you know who's in the business, making a business plan, hiring someone to consult on said plan and make sure it's feasible and potentially taking on a partner to help you with the logistics. Tons of entrepreneurs have created successful businesses without any sort of prior knowledge, but they worked their butts off in order to get it started. Are you doing seo web positioning but you do not notice anything? Okay, let's review all the critical points of your on page seo and your linked profile. With all this information we can already meet, Start Your Business Online and see how we started. Because since we started this adventure, we have managed not to be one more agency. We have endeavoured to understand and feel as your own all your projects, getting involved in each of its stages. Making a game is hard enough, focus on that. If/when you start getting close to having something to sell, then if you're serious and want the company to grow into a full time venture, briefly consult with a lawyer and possibly accountant to set this up. It will save you a lot of time researching what you have to do and a lot of headache from potentially doing things wrong. If you want to try to do it on your own, I'd recommend getting a book on starting a business because there is more to know than a single post can cover. You'll probably have to file for a DBA (doing business as) at your city hall in order to be allowed to refer to yourself as the name of your company (otherwise you have to use your personal name). Initiating that will likely initiate annual business taxes in your town in addition to the cheap filing fee. You also want to consider how you will handle trademark (of your business and game) and copyright (of your game). If this is going to grow, you'll have to have cont... The typical answer would be to write a business plan. But really the first step should be to jot your thoughts down as much as possible. Think about the idea, your customers, vendors, accounting, marketing, everything. Then you'll know which step(s) to take next. 1. Have enough funds to run the business and pay yourself the first year, plus 30% 2. Know your market, the good and the bad, then develop your niche. 3. Don't just sell merchandise. Sell service. Anyone can sell merchandise. 4. Listen to your customers, but don't follow their advice. Customers have agendas. 5. Set company and personal goals. If you can't meet both, you'll be miserable. 6. Plan and control your inventory (hold as little inventory as feasibly possible). 7. Market your business (understand the differences between Marketing, Advertising & Sales). 8. Keep it simple and focused (expect to work 60+ hrs a week for the first 2 to 3 years). Is it really necessary? If $800 / year registration fee is too much to you, an LLC is apparently not something you need right now. Many people conduct web-based business online on personal terms. My suggestion is that you focus on your business first and try to grow it as much as you can before you get down to a company. Programmer here. Getting into business is more than just tech knowledge. It's great that you were able to get some money for what you did. But setting up a business requiring figuring out a solution to a problem. When it's easy to identify a problem, it's not easy to come up with a viable solution (otherwise someone else would have already solved it). At other times, you figure out a very limited scoped problem and figure out a solution, but it's not very scalable. My advice to you. Keep learning. You are very young and there is a lot of fun things you can do. If you think you are already standing out with your skills, get an online profile going. Get popular. Try all channels. Should be fun. Have a business plan. Even if this is just a piece of paper that you and your friend scratched on, you want a document that describes what you're going to do and how you're going to do it. Also have some note of how profits will be shared (most likely, this will be 50/50 but write it down!) Plan ahead and have some cash onhand. Not every one of your expenses will be something you will know about in advance. Plan your expenses so that you have money to cover them, but also have an emergency fund (you can build this with the profits you get in the beginning) in case your rake breaks and you don't have a backup. Also, if you use your emergency fund, REPLACE IT. Trust each other and communicate. All businesses should run on trust. You and your friend should trust that the other person is going to work hard and put in the work. If you don't trust that he will show up on time, the burden falls to you and you will need to work harder. If you're having problems with him, trust th... If you do go the online route (there's TONS of information out there on how to launch an e-store) make sure you're aware of the caveats. Amazon sellers for example can be shafted pretty hard on returns, as policy generally dictates that you eat the costs. If you don't have a lot of capital this could be back-breaking. Don't let that discourage you, though! You could make a decent business essentially just setting up an online storefront and drop shipping items from elsewhere, which could fund the capital needed to open a brick and mortar shop. To answer your question directly, what everyone else has said is definitely important and correct but don't ignore the smaller things like the fact that you could have a page that presents the items better and makes things look more appealing/luxurious, and the fact that not everyone punches every item they're considering buying into Google to compare. Decent marketing can go a long way (depending on what you're selling, at least) "This question is really general to answer. That's like asking ""Is it easier to be a dog or a cat?"" Your answer is going to be defined by your circumstances and approach, which are going to come somewhere from the following: - How much capital do you have to start stuff? - Can you get a loan? If so, how much is it? - Do you already have a business model? Is it going to effectively compete against existing, successful businesses? - Do you have a unique advertising gimmick? - Is this a technical business? Does it require a patent? Is that patent already secured? - Do you already have a new idea or technology? - Where will you find talent? - Do you have any experience with investment? How aggressive are you going to be investing? - Do you have any experience with business? Just remember, the overwhelming majority of businesses fail. I know several business owners (some successful, some unsuccessful). The list goes on, and honestly I don't think Reddit is a good place to start." Research local business grants for your area. I opened my own business after my first year of university and was able to attain a government grant for young business entrepreneurs and some other small grants. The government grant also provided free workshops with other entrepreneurs on properly running a business, how to develop a business plan, tax considerations, etc. Highly recommend a similar program even if you end up just doing an e-commerce website. I recommend making a brief business plan ahead of time though so you have something to show when you go for these grants. Here are the basic questions I usually ask any new business startup: Do these numbers/answers seem reasonable to you and is some benchmark available that allows you to see how likely this is? Remember, particularly in Internet-based advertising ventures, the client may be indirect. The person who clicks on a Google context-based link is not directly Google's client. The person who decided to host AdWords code on their site is the direct client. You're also going to want to see a Gant chart or some process chart indicating exactly what needs to be done, at what cost and by whom. Answers to these questions give a sense of not only how seriously they are taking the business, but also how organised. My final question: who is your first client? They need either someone who is going to contract the service, or have a clear indication of where income is going to come from, on their first day of trading. Their task is to sell their idea to you by proving that it will return on your invest... According to many sources Shopify is one of the most popular platform to start your business. If you have never tried something similar, then I personally recommend you to try as they have 14 days trial period. What I personally like in Shopify is the ability to add new apps for functionality increase. For instance, in case you are looking for pre-order function and you don't want to be involved in some techy things, then you can simply install this: * Pre-Order Manager. A preorder button with a beautiful title will show up on the out of stock product page and you will be able to easily control preorders. That's one of the examples about how it's easy to add something new to your Shopify Store. Also there are tons of themes available which allows you to customize your Store and make it unique. Of course there are some limitations in Shopify, but it's not a big problem and can be solved in m... You want to regard loans as short-term, last-ditch, desperate effort for when you get caught in a bad spot and have a good, workable plan to get out of it. You don't ever want to start a business on borrowed money, unless you're an expert in the field of your business with a lot of experience in running businesses in that sector. The best thing to do is to get a job and save all your money to start a business that will make you enough money to start the business you really want. You may need to start a business to get the money to start a business to get the money to start a business to get the money to start the business you want. Whatever it takes, really. Just do it all yourself. Don't accept loans or favors. Also, the whole world (except Amazon) is moving from brick-and-mortar to the internet, and you're trying to move internet sales to brick-and-mortar. It's a little backward-looking. It could work, but there's probably some research you could do to test the feasibility... Yep, you need to hire a lawyer and an accountant, honestly. When I was starting my business, I hired one who was BOTH. Not really for cost-savings, though it did save $$$, but it was super convenient and it's nice to have someone knowledgable in both. It totally depends on your area, but don't overthink it or get intimidated. It won't take as much $$$ as you think to hire someone, maybe $500-$1,000 or so upfront, then a small hourly fee probably every month if you need help with sales tax or accounts or whatever... you need to make sure the gov is getting theirs though from day 1 re: taxes, otherwise you're gonna regret it. Much cheaper to get it all in place now. According to me, to start your networking Social networks are the huge platform. Billions of world population are present and active on social sites. Also, there is no limit of social platforms. You need to understand your business's audience and select platform accordingly. Social Networks not only provide connections but also help you to find various events, programs running through out the world. To search for a job or provide your services, you can pick up LinkedIn, tweeter. Whereas, go for Facebook to highlight your activities and business. Not only these, but a number of forums are available for particular interests. Half of the world likes to get full information in short words and save time. which is possible via social networks. For the beginning, you can use social sites to get the revert and interests. Then it will be easy to earn by having a physical place and audience for either job or services. You're using WIX, that's your first problem...but too late for that. Then you've got to look at the basics of SEO. There are a lot of fundamental things missing, such as content and backlinks. For content, your products need unique descriptions, for links, try to work with influencers that have blogs (that would be willing to showcase your products). For a new clothing start-up, your best bet to grow your business from the ground is going to be FB and Instagram ads. As far as SEO, have you done any research to determine how competitive the market is in regards to organic search? > I've had an idea for a store   > anything with an online following really   Would it not be better (and lower risk, e.g. no minimum term lease) to start with an online store? That way you can market to these online followings (reddit, forums, facebook groups, etc.) regardless of geographical location. You'll likely get email with your hosting package, but whilst I was originally against it, I can't recommend office 365 enough now. It's a good base to start from and as your business grows you'll never have the headache of changing mail servers and all that, and you can use your own domain. Starting and running a business in the US is actually a lot less complicated than most people think. You mention incorporation, but a corporation (or even an S-Corp) isn't generally the best entity to start a business with . Most likely you are going to want to form an LLC instead this will provide you with liability protection while minimizing your paperwork and taxes. The cost for maintaining an LLC is relatively cheap $50-$1000 a year depending on your state and you can file the paperwork to form it yourself or pay an attorney to do it for you. Generally I would avoid the snake oil salesman that pitch specific out of state LLCs (Nevada, Delaware etc..) unless you have a specific reason or intend on doing business in the state. With the LLC or a Corporation you need to make sure you maintain separate finances. If you use the LLC funds to pay personal expenses you run the risk of loosing the liability protection afforded by the LLC (piercing the corporate veil). With a single member ... Somewhat bad example there, those monopolies have a high cost of entry. You can open an online store for next to nothing, if you need more eyeballs then pay for advertising or setup a store on an existing platform like Amazon/eBay/Facebook/Etsy. [0.162109375, 0.1513671875, 0.044189453125, -0.04052734375, -0.037109375, ...]
  • Loss: losses_mixed.MixedDistillation with these parameters:
    {
        "score_metric": "colbert_kd_scores",
        "tau_teacher": 0.3,
        "tau_student": 1.0,
        "w_kl": 1.0,
        "w_nce": 0.1,
        "tau_nce": 0.05,
        "fn_mask_thresh": 0.6,
        "clip_pct": 0.0,
        "normalize_scores": true,
        "mini_batch_size": null
    }
    

Training Hyperparameters

Non-Default Hyperparameters

  • per_device_train_batch_size: 128
  • num_train_epochs: 1.0
  • learning_rate: 1e-05
  • bf16: True
  • dataloader_num_workers: 8
  • ddp_find_unused_parameters: False

All Hyperparameters

Click to expand
  • per_device_train_batch_size: 128
  • num_train_epochs: 1.0
  • max_steps: -1
  • learning_rate: 1e-05
  • lr_scheduler_type: linear
  • lr_scheduler_kwargs: None
  • warmup_steps: 0
  • optim: adamw_torch
  • optim_args: None
  • weight_decay: 0.0
  • adam_beta1: 0.9
  • adam_beta2: 0.999
  • adam_epsilon: 1e-08
  • optim_target_modules: None
  • gradient_accumulation_steps: 1
  • average_tokens_across_devices: True
  • max_grad_norm: 1.0
  • label_smoothing_factor: 0.0
  • bf16: True
  • fp16: False
  • bf16_full_eval: False
  • fp16_full_eval: False
  • tf32: None
  • gradient_checkpointing: False
  • gradient_checkpointing_kwargs: None
  • torch_compile: False
  • torch_compile_backend: None
  • torch_compile_mode: None
  • use_liger_kernel: False
  • liger_kernel_config: None
  • use_cache: False
  • neftune_noise_alpha: None
  • torch_empty_cache_steps: None
  • auto_find_batch_size: False
  • log_on_each_node: True
  • logging_nan_inf_filter: True
  • include_num_input_tokens_seen: no
  • log_level: passive
  • log_level_replica: warning
  • disable_tqdm: False
  • project: huggingface
  • trackio_space_id: None
  • trackio_bucket_id: None
  • trackio_static_space_id: None
  • per_device_eval_batch_size: 8
  • prediction_loss_only: True
  • eval_on_start: False
  • eval_do_concat_batches: True
  • eval_use_gather_object: False
  • eval_accumulation_steps: None
  • include_for_metrics: []
  • batch_eval_metrics: False
  • save_only_model: False
  • save_on_each_node: False
  • enable_jit_checkpoint: False
  • push_to_hub: False
  • hub_private_repo: None
  • hub_model_id: None
  • hub_strategy: every_save
  • hub_always_push: False
  • hub_revision: None
  • load_best_model_at_end: False
  • ignore_data_skip: False
  • restore_callback_states_from_checkpoint: False
  • full_determinism: False
  • seed: 42
  • data_seed: None
  • use_cpu: False
  • accelerator_config: {'split_batches': False, 'dispatch_batches': None, 'even_batches': True, 'use_seedable_sampler': True, 'non_blocking': False, 'gradient_accumulation_kwargs': None}
  • parallelism_config: None
  • dataloader_drop_last: False
  • dataloader_num_workers: 8
  • dataloader_pin_memory: True
  • dataloader_persistent_workers: False
  • dataloader_prefetch_factor: None
  • dataloader_multiprocessing_context: None
  • dataloader_in_order: True
  • remove_unused_columns: True
  • label_names: None
  • train_sampling_strategy: random
  • length_column_name: length
  • ddp_find_unused_parameters: False
  • ddp_bucket_cap_mb: None
  • ddp_broadcast_buffers: False
  • ddp_static_graph: None
  • ddp_backend: None
  • ddp_timeout: 1800
  • fsdp: None
  • fsdp_config: None
  • deepspeed: None
  • debug: []
  • skip_memory_metrics: True
  • do_predict: False
  • resume_from_checkpoint: None
  • local_rank: -1
  • prompts: None
  • batch_sampler: batch_sampler
  • multi_dataset_batch_sampler: proportional
  • router_mapping: {}
  • learning_rate_mapping: {}
  • warmup_ratio: None
  • max_length: None

Training Logs

Click to expand
Epoch Step Training Loss
0.0061 50 0.6972
0.0122 100 0.6513
0.0184 150 0.6523
0.0245 200 0.6389
0.0306 250 0.6417
0.0367 300 0.6224
0.0428 350 0.6337
0.0489 400 0.6266
0.0551 450 0.6175
0.0612 500 0.6157
0.0673 550 0.6128
0.0734 600 0.6203
0.0795 650 0.5964
0.0857 700 0.6063
0.0918 750 0.6007
0.0979 800 0.5956
0.1040 850 0.5911
0.1101 900 0.5961
0.1163 950 0.5962
0.1224 1000 0.5996
0.1285 1050 0.5883
0.1346 1100 0.6012
0.1407 1150 0.5885
0.1468 1200 0.5997
0.1530 1250 0.6010
0.1591 1300 0.5962
0.1652 1350 0.5802
0.1713 1400 0.5809
0.1774 1450 0.5837
0.1836 1500 0.5868
0.1897 1550 0.5806
0.1958 1600 0.5884
0.2019 1650 0.5902
0.2080 1700 0.5793
0.2141 1750 0.5885
0.2203 1800 0.5798
0.2264 1850 0.5741
0.2325 1900 0.5793
0.2386 1950 0.5776
0.2447 2000 0.5799
0.2509 2050 0.5791
0.2570 2100 0.5759
0.2631 2150 0.5754
0.2692 2200 0.5708
0.2753 2250 0.5730
0.2814 2300 0.5730
0.2876 2350 0.5693
0.2937 2400 0.5688
0.2998 2450 0.5729
0.3059 2500 0.5752
0.3120 2550 0.5785
0.3182 2600 0.5728
0.3243 2650 0.5726
0.3304 2700 0.5754
0.3365 2750 0.5744
0.3426 2800 0.5743
0.3488 2850 0.5608
0.3549 2900 0.5649
0.3610 2950 0.5701
0.3671 3000 0.5604
0.3732 3050 0.5739
0.3793 3100 0.5676
0.3855 3150 0.5696
0.3916 3200 0.5641
0.3977 3250 0.5642
0.4038 3300 0.5583
0.4099 3350 0.5691
0.4161 3400 0.5668
0.4222 3450 0.5656
0.4283 3500 0.5653
0.4344 3550 0.5584
0.4405 3600 0.5700
0.4466 3650 0.5624
0.4528 3700 0.5576
0.4589 3750 0.5600
0.4650 3800 0.5683
0.4711 3850 0.5600
0.4772 3900 0.5616
0.4834 3950 0.5652
0.4895 4000 0.5629
0.4956 4050 0.5638
0.5017 4100 0.5617
0.5078 4150 0.5585
0.5140 4200 0.5599
0.5201 4250 0.5579
0.5262 4300 0.5656
0.5323 4350 0.5645
0.5384 4400 0.5554
0.5445 4450 0.5528
0.5507 4500 0.5583
0.5568 4550 0.5567
0.5629 4600 0.5559
0.5690 4650 0.5609
0.5751 4700 0.5601
0.5813 4750 0.5535
0.5874 4800 0.5675
0.5935 4850 0.5535
0.5996 4900 0.5646
0.6057 4950 0.5545
0.6118 5000 0.5530
0.6180 5050 0.5597
0.6241 5100 0.5634
0.6302 5150 0.5496
0.6363 5200 0.5624
0.6424 5250 0.5534
0.6486 5300 0.5600
0.6547 5350 0.5550
0.6608 5400 0.5466
0.6669 5450 0.5508
0.6730 5500 0.5599
0.6791 5550 0.5530
0.6853 5600 0.5551
0.6914 5650 0.5497
0.6975 5700 0.5521
0.7036 5750 0.5542
0.7097 5800 0.5504
0.7159 5850 0.5433
0.7220 5900 0.5601
0.7281 5950 0.5509
0.7342 6000 0.5488
0.7403 6050 0.5543
0.7465 6100 0.5529
0.7526 6150 0.5511
0.7587 6200 0.5499
0.7648 6250 0.5564
0.7709 6300 0.5566
0.7770 6350 0.5554
0.7832 6400 0.5499
0.7893 6450 0.5478
0.7954 6500 0.5541
0.8015 6550 0.5569
0.8076 6600 0.5491
0.8138 6650 0.5517
0.8199 6700 0.5514
0.8260 6750 0.5448
0.8321 6800 0.5596
0.8382 6850 0.5531
0.8443 6900 0.5509
0.8505 6950 0.5485
0.8566 7000 0.5519
0.8627 7050 0.5507
0.8688 7100 0.5511
0.8749 7150 0.5543
0.8811 7200 0.5557
0.8872 7250 0.5531
0.8933 7300 0.5426
0.8994 7350 0.5538
0.9055 7400 0.5444
0.9116 7450 0.5528
0.9178 7500 0.5545
0.9239 7550 0.5485
0.9300 7600 0.5510
0.9361 7650 0.5439
0.9422 7700 0.5547
0.9484 7750 0.5488
0.9545 7800 0.5579
0.9606 7850 0.5592
0.9667 7900 0.5475
0.9728 7950 0.5505
0.9790 8000 0.5495
0.9851 8050 0.5550
0.9912 8100 0.5494
0.9973 8150 0.5476

Training Time

  • Training: 2.6 hours

Framework Versions

  • Python: 3.11.13
  • Sentence Transformers: 6.0.1
  • Transformers: 5.16.1
  • PyTorch: 2.7.1+cu128
  • Accelerate: 1.14.0
  • Datasets: 4.8.5
  • Tokenizers: 0.23.2

Citation

BibTeX

Sentence Transformers

@inproceedings{reimers-2019-sentence-bert,
    title = "Sentence-BERT: Sentence Embeddings using Siamese BERT-Networks",
    author = "Reimers, Nils and Gurevych, Iryna",
    booktitle = "Proceedings of the 2019 Conference on Empirical Methods in Natural Language Processing",
    month = "11",
    year = "2019",
    publisher = "Association for Computational Linguistics",
    url = "https://arxiv.org/abs/1908.10084",
}
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