U.S. State Department (finally) calls Kunming Railway Station incident an “act of terrorism”

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On March 3, State Department spokesperson Jen Psaki stated that the violent attack at Kunming Railway Station on March 1 was an “act of terrorism” and that we should mourn the victims.

At a regular press conference held by telephone, Psaki said the U.S. should accept characterizing the attack in China as an “act of terrorism”. Whatever the motive, we condemn the act of violence against innocent civilians, and “we as a staff express our condolences to the victims." (To read more, please visit: http://www.mywordshop.com/en/article/detail/2014/1222815.html)

Be careful about what you translate, and more importantly, for whom.

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The New York Times recently released a report about asylum fraud occurring in Chinatown over a span of a few years. Let this serve as a warning to professionals that you should always work diligently as well as truthfully when working with your clients. For the article (as viewed from China), please visit: http://edu.163.com/14/0224/21/9LSL0HU600294III.html

For the original press release from the FBI field office (in New York), please visit: http://www.fbi.gov/newyork/press-releases/2012/twenty-six-individuals-including-six-lawyers-charged-in-manhattan-federal-court-with-participating-in-immigration-fraud-schemes-involving-hundreds-of-fraudulent-asylum-applications

For one of the indictments, please visit: http://www.justice.gov/usao/nys/pressreleases/December12/AsylumFraudChargesPR/Wang,%20John%20et%20al%20Indictment.pdf

No more millionaire visa scheme in Canada for Mainland China: Over 46,000 Chinese applications thrown away

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Stories:

To view the complete story, please visit South Morning China Post:

http://www.scmp.com/news/world/article/1426368/canada-scraps-millionaire-visa-scheme-dumps-46000-chinese-applications?utm_source=edm&utm_medium=edm&utm_content=20140212&utm_campaign=breaking_news

OR

The Vancouver Sun article (which was first to break the story): here: http://www.vancouversun.com/news/Ottawa+scraps+investor+immigrant+program/9496380/story.html

For the past 28 years, wealthy individuals with a net worth of USD 1.6 billion were able to loan the Canadian government USD 800,000 for five years and receive a visa in return (as well as their money fully refunded at the end of the five year term). Now, according to the Canadian government, this visa has been discontinued. All pending applications have been tossed out and application fees (amounting to approx. USD 2 million) are being refunded.

Reasons:

The Vancouver Sunstated that there was "little evidence that immigrant investors" were making a "postive economic contribution to the country". In addition, there was no proof that these investors would maintain "their Canadian ties" (i.e. loyalty). As speculated in the South China Morning Post, this decision comes shortly after reports of wealthy mainlanders stashing their cash into overseas markets, namely Canada and Australia, perhaps influencing the government’s decision.

Outcome:

There are also reports that this will cause the property market in Canada to take a hit: http://www.cbc.ca/news/canada/british-columbia/canada-scraps-millionaire-visa-sends-b-c-property-market-reeling-1.2533006

Only time will tell what effect this will have on the rest of the world.

U.S. House of Representatives adopt new five-year farm bill (美国众议院通过新的5年农业法案)

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(English)
On January 29, the U.S. House of Representatives approved a new five-year farm bill after a bipartisan agreement. On the same day, voting ended with 251 members of the House of Representatives voting in favor of the bill and 166 voting against the bill. The new bill stipulates that each year between the 2014 fiscal year to the 2018 fiscal year period, the federal government’s annual expenditures can total approximately USD 100 billion in agriculture and will provide an annual subsidy for low-income families through a food stamp program totaling USD 80 billion (a spending reduction of 1%). It will also cancel a USD 5 billion annual direct payment subsidy program; meanwhile, the scope and intensity of government-support agricultural insurance projects has expanded. Frank Lucas, the chairman of the House Committee on Agriculture, said that the new farm bill contributes major savings to deficit reduction, significant reforms to policy, and yet still provides a safety net not only for the production of American food and fiber, but also to ensure our fellow citizens have enough food to eat. (For more, please view: http://www.mywordshop.com/en/article/detail/2014/1209837.html)
(简体) 
美国国会众议院29日通过了两党妥协后的新的5年农业法案。当天,众议院以251票赞成、166票反对的表决结果通过了这项法案。新法案规定,2014财年到2018财年,联邦政府每年的农业开支约为1000亿美元,将每年为低收入家庭提供补助的食品券项目800亿美元开支消减1%,取消每年50亿美元的直接支付补贴项目,同时拓展政府支持的农业保险项目的范围和力度。众议院农业委员会主席弗兰克·卢卡斯说,新农业法案对减少财政赤字有显著贡献,对农业政策进行了重大调整,不仅为美国农业生产搭建了安全网,还为所有美国人的粮食安全提供了保障。 (更多:http://www.mywordshop.com/zh-s/article/detail/2014/1209837.html)

Indefinite Articles: A vs. An (不定冠词: 英语中的A和AN的比较)

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When describing unspecific singular nouns (person, place, or things) or noun phrases, we use “a” or “an” to replace the word “one”. By replacing the word “one”, we eliminate the emphasis of quantity and focus on the noun itself.

I have one company. (“company” is the noun)

He has one dog. (“dog” is the noun)

They have one house. (“house” is the noun)

There is one hour left. (“hour is the noun)

Our hometown has one high school. (“high school” is the noun phrase)

The movie had one unicorn. (“unicorn” is the noun)

Replacing “one”

Generally speaking, if the noun begins with a vowel or sounds like it starts with a vowel, use “an”, otherwise use “a”.

Vowels

A

E

I

O

U

(Mnemonic to remember vowels: “Adam, Eve, I Owe U”)

Exceptions: (For more, please visit: http://www.mywordshop.com/en/article/detail/2014/indefinite_articles.html)

Grammar Rules for Writing Numbers (In English) (书面数字的语法规则(英语))

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Please find some helpful rules to guide you when writing numbers.

1. Spell out numbers zero (0) through nine (9). Anything above or below that, use numerals. (For sentences with more than one number, see #2.) Note: A numeral is the label/symbol we use to represent numbers (which are abstract). “Four”, “4”, “四”, and “IV” are all symbols that represent the same number.

Examples:

Correct:

MWS has one translator for every customer.

Even if there are 99 customers, we will still provide a personalized experience.

Incorrect:

MWS has 1 translator for every customer.

Even if there are ninety-nine customers, we will still provide personalized experience.

2. Consistency is key…(For more grammar rules, please visit: http://www.mywordshop.com/en/article/detail/2014/numbers.html)

Zhuhai introduces laws and regulations: Officials held liable for ecological damages for life (珠海出台法规 生态破坏官员终身究责)

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After the 18th National Congress of the Communist Party of China, Zhuhai introduced the first local laws and regulations on ecological progress in China. It takes effect on March 1st.

Officials will be held responsible for ecological damages

On a one-sided pursuit of the GDP and “governmental achievements”, economic development is realized; however, the environment is damaged, and the leaders are promoted. This situation in Zhuhai may disappear soon. The Zhuhai Municipal People’s Congress announced yesterday that its People’s Congress recently approved the “Regulations for Promoting Ecological Development in Zhuhai Special Economic Zone” (hereinafter referred to as the “Regulations”). (To read more, please visit: http://www.mywordshop.com/en/article/detail/2014/1174679.html)

The Supreme Court introduces new regulations for disputes concerning food and drugs: An “upgrade” for consumer protection (最高法出台食药纠纷新规 消费者权益保障“升级”)

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In the afternoon of January 9th, the Supreme People’s Court issued the “Regulations on Certain Issues Arising from Laws Applicable to Trials of Disputes Related to Food and Drug Issues”. This judicial interpretation aims at increasing efforts for consumer protection and unifies the scale of justice administered for food and drug disputes. A total of 18 judicial interpretations will be effectively implemented beginning March 15, 2014. (Read more at: http://www.mywordshop.com/en/article/detail/2014/1174827.html)

Health and Family Planning Commission will promote legislation to control tobacco (卫生计生委将推进控烟立法)

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740 million non-smokers suffer from secondhand smoke in China

Health and Family Planning Commission will promote legislation to control tobacco

Originally by: Hu Jianhui
First published: 2014-01-08 09:31:33

On January 7th, the State Council Information Office held a press conference where Yao Hongwen, the Deputy Director and spokesman for the Publicity Department of the National Health and Family Planning Commission, described the situation on the smoking ban. He said that the departments under the National Health and Family Planning Commission will actively carry out legislative research for a nationwide smoking ban while promoting legislation for tobacco control… (To read more, please visit: http://www.mywordshop.com/en/article/detail/2014/1173779.html)

ANNOUNCEMENT OF ANNUAL RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2013

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My WordShop, LLC takes responsibility for the contents of this announcement pertaining to its accuracy or completeness, and expressly claims liability for any gain or loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

MWS-144

工作室有限公司*
My WordShop, LLC
(Incorporated in the United States of America with limited liability)(Business ID: 676532)

ANNOUNCEMENT OF ANNUAL RESULTS
FOR THE PERIOD ENDED 31 DECEMBER 2013

The board (the “Board”) of directors of My WordShop, LLC (the “Company”) is pleased to announce the results of the Company for the year ended 31 December 2013. This announcement, containing the main text of the 2013 annual report of the Company, complies with the relevant rules and regulations of the State of New Hampshire and the Department of Revenue Administration of the United States of America in relation to information provided herein. The 2013 annual report of the Company and its printed version will be published and delivered to the members of the Company and are available to view on the websites of the Company at http://www.mywordshop.com and of its affiliated WordPress site at https://mywordshop.wordpress.com on or before 1 April 2013.  For purposes of this annual report, the Company uses figures to visually diagram its progress.

Taxes
For the 2013 tax year, the Company is not required to file a Business Profits Tax  (BPT) return, which requires businesses with more than US$50,000 in New Hampshire gross receipts to pay a flat 8.5% tax. In addition, the Company is not required to file the Business Enterprise Tax (BET), which requires businesses with an enterprise value tax base of more than US$100,000 or gross business receipts of US$200,000 to pay a 0.75% tax.

Work Volume
Work volume peaked during the month of August at 65,791 words, averaging at a rate of 26,215 words/month for a total of 314,580 words for the entire year (see figure 1).

Screen Shot 2014-01-07 at 10.46.30 PM

Fig. 1. Work Volume for 2013

 This represents a 43% increase of words/month and a 24% increase during the entire year.

Social media
The Company continues to utilize various media outlets, such as Twitter, Facebook, and LinkedIn to market its service to its customers. The Company is in the process of implementing overseas social platforms, such as Sina Weibo for Enterprises, to target international customers. In order to operate on this platform, either a third-party Chinese company must override the system to provide special access for the foreign company or the Company must provide its Chinese business license. Thus, the Company has decided to wait until it has established its wholly foreign owned subsidiary before proceeding onto this platform. With regards to Alexa, the Company has unfortunately fallen off its scale.

Screen Shot 2014-01-08 at 12.09.21 AM

Fig. 2. Alexa Traffic Ranking

Web Analytics
The following figure highlights the struggles the Company has faced in attracting new visitors to its website. By releasing more blog articles and implementing better search engine optimization techniques, the Company expects to increase its competitive edge by the end of the next tax year.

Screen Shot 2014-01-08 at 12.03.10 AM

Fig. 3. Google Site Analytics

Expenses
The main expenses incurred during the period ended 31 December 2013 include advertising (domain registration fees through the Go Daddy Group Inc.), Paypal Transaction Fees, Elance Project Fees, Annual Report Filing Fee (for the State of New Hampshire), software (such as HyperDock to allow fast viewing of files on OSX), and banking transaction fees. The Company was able to eliminate its Ucoz host fee by presenting its own website designs and layouts as it stated it would in its previous tax report.

Plans for 2014
Under section 1362 of the Internal Revenue Code, for 2014, the Company has elected to become an S corporation. This election means that the Company will be required to file Form 1120S with its tax return. The income of an S corporation is not subject to self-employment tax, which has steadily been increasing since its introduction as shown in the figure below (Note: 2014, 2015, and 2016 are projected amounts by the Social Security Administration).

Screen Shot 2014-01-07 at 9.39.45 PM

Fig. 4. Total Tax for Self-Employment

 However, as the case Watson v. Commissioner, 668 F.3d 1008 (8th Cir., 2012) has shown, when allocating funds under the S-corp classification, salaries should be “reasonable”. When determining what is considered reasonable, the Company should note that zero salaries are red flags for the IRS; a useful and safe way to abide by is the 60/40-rule; distributions must be pro-rata; and distributions cannot exceed the amount of profits for that year.

Notes:
1.    General information

  • My WordShop, LLC was incorporated in the United States on 17 August 2012 as a company with limited liability under the Limited Liability Company Laws of the State of New Hampshire. The address of its registered office may be found on either its Certificate of Formation of Form SRA (an addendum to the business organization and registration forms statement of compliance with New Hampshire securities laws).
  • The Company is not an investment holding company.

2.    Basis of preparation

  • All announcements, financial data, and relevant documentation have been prepared in accordance with the laws and regulations of the United States at the local, state, and federal level.

   On behalf of the Board
My WordShop, LLC
René Morenski
Manager

United States, 31 December 2013

As at the date of this announcement, the board of directors comprises a group that is less than ten individuals.