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Big Ideas for Small Business® is dedicated to providing small businesses with the tools they need to gain a solid foundation and future financial success. With counsel for almost every facet of entrepreneurial finance, Big Ideas for Small Business® is your source for the right ideas for growing your business.

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Idea of the Day®

November 29, 2020

State and Local Funding for Small Businesses

Need capital or other help now because of the pandemic? The U.S. Chamber of Commerce’s Save Small Business Initiative lists state and local programs that are still providing funding. There’s another list for private sector programs and assistance. #IdeaoftheDay

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Big Ideas For Your Business

Resources For Your Business
  • Gratitude is defined as “the quality of being thankful; readiness to show appreciation for and to return kindness.” Harvard Medical School reports that expressing gratitude makes you happier, and that cultivating it on a regular basis has real positive results. This has been a very tough year for all of us, especially many small businesses. Some owners have seen their dreams dashed by closures and losses. Others have struggled to maintain contact with employees and customers. Overall, it may seem difficult to count blessings at this time. Nonetheless, there is still a lot to be grateful for. I ran a blog […]

  • “We don’t accomplish anything in this world alone…and whatever happens is the result of the whole tapestry of one’s life and all the weavings of individual threads from one to another that creates something.”   ~ Supreme Court Justice (ret.) Sandra Day O’Connor Staying connected is vital for many reasons. Collaboration is a key underpinning of innovation. And connection is important for mental health. One of the biggest complaints from those who’ve been forced to work remotely because of the pandemic is the lack of connection with coworkers. They used to connect in person at the watercooler, now everything must be […]

  • On November 3, 2020, I did a SCORE LIVE webinar on Year-End Tax Planning  for Your Business (you can listen to a recording). Due to high attendance, there were many questions but not enough time to answer them all. Here are some of the questions and answers that may be helpful to your business (it’s not all of them). This is not meant to be tax advice; it is provided for generic information purposes only. COVID-19-related matters Q: I got an EIDL grant of $10,000 from the SBA and also received a loan under the Paycheck Protection Program? Are these […]

  • Economic change can result from any number of factors. The one most prominent now is the pandemic, which caused dramatic shifts in the business landscape. These translate into added costs, some of which are very visible and some largely hidden. There are also unknown changes that may arise due to factors such as technology, weather, or personal circumstances, and there’s no way to predict if or when added costs will appear. Nonetheless, all of these costs need to be factored into doing business now. Business owners need to be fiscally nimble to handle added costs so they can maintain profitability. […]

  • Time is a precious commodity. If you are now working remotely and saving minutes or hours each day that you don’t have to commute, it’s still important to make every minute, and every dollar, count. As business owners, we know that certain business goals are commendable, but often our efforts to see them through may be worthless. Identify actions that use up your time and that drain your energy without real productivity. Here is an update from a previous blog that identifies 5 actions you should not take, and better ways to achieve the desired results.  1. Making inaccurate estimates […]

  • Veterans Day—November 11—each year is a celebration to honor America’s veterans for their patriotism, love of country, and willingness to serve and sacrifice for the common good. From a business perspective, it’s also a good time to recognize that veterans make great business owners and there are special opportunities for them. It’s estimated that 9.1% of all businesses in the U.S. are veteran-owned. Veterans can succeed in business Transitioning from the military into the business world may not seem easy. But military training and experience translate into the very things that make it possible to be successful in business. Military.com […]

  • Due to cost-of-living adjustments (COLAs), various limitations and amounts used for tax deductions, credits, and other purposes, the tax rules for 2021 will be slightly different than in 2020. Because inflation has been so low, some rules are unchanged. To help you prepare for the year ahead, the following are some of the key changes to know for 2021. Changes for deductions and credits Various dollar amounts for 2021 have been increased slightly. Key items for small businesses include: Small employer health insurance credit: Average annual payroll amount is $27,800 (up from $27,600 in 2020) Adoption assistance program: $14,440 (up […]

  • Telework was a growing practice before the pandemic. With stay-at-home orders, the number of employees working remotely skyrocketed. Even as these orders have lifted, many employees continue to work from home. A study from Mercer reported this summer in U.S. News expects more than half of all employees to continue remote work after the pandemic.  What happens if an employee’s home is in a state that’s not the same as where the employer is located? This presents payroll tax issues. Each state has its own rules for income tax withholding (other than in Alaska, Florida, Nevada, South Dakota, Texas, Washington, […]

  • The pandemic is hard on everyone. Business owners should be especially mindful of self care so they can continue to run their companies and help their employees get through these trying times. The information contained here isn’t anything revolutionary; it’s well established. But you may benefit from being reminded of the importance of taking care of yourself and how to do it at this unusual time. Pay attention to Sleep, Exercise, and Socialization (SES). I’m not a scientist, so the information here is merely being shared from other sources. Sleep You’re probably aware of the importance of getting sufficient sleep […]

  • Each state has rules under which unclaimed property “escheats” to the state. This legal term means property is turned over to the state and the state owns it, subject to certain rights of reclamation by rightful owners. Businesses—holders of property—may be required to turn over certain property to the state. Here are some areas to watch for: Overview of unclaimed property rules Property within the control of your business that belongs to someone else—an employee, a customer, etc.—but which has not been claimed by such person within a certain period of time may have to be handed over to the […]

Multimedia

Resources For Your Business

10 Time Management Ideas for Remote Working

Stress-Busting Strategies in the Age of Pandemic

Preparing for Economic Changes: Getting Help for Getting Through

Can Small Businesses Make a Come Back?

#TWEETCHAT CALENDAR
TODAY'S TWEETCHATS

November 29, 2020

UPCOMING TWEETCHATS

Events in November–December 2020

barbara’s books

  • Small Business Taxes 2021 helps small business owners maximize their bottom line with straightforward, yet comprehensive guidance from the most trusted name in tax.
    Featuring a complete listing of all available business expense deductions, including dollar limits and record-keeping requirements, this book helps you quickly determine what kind of tax relief is available to you, and how to take it--all the way down to where to claim deductions on the forms themselves. Tax facts, strategies, and the latest up-to-date information -- including coverage of the SECURE Act and the CARES Act -- help ensure that you don't miss out on money-saving opportunities, and sample forms and checklists help you get organized and submit a complete and proper filing.
  • The complete guide to all deductions and credits for individual taxpayers J.K. Lasser's 1001 Deductions and Tax Breaks shows you just how much money you can save on your taxes--legally--simply by taking advantage of what's out there.
    Millions of Americans overpay their taxes by billions of dollars every year, because constantly evolving laws and regulations make keeping track of deductions and breaks next to impossible for the everyday taxpayer. This book helps you put a stop to overpayment so you can keep more of your hard-earned money. With a complete list of every possible deduction and credit available to American taxpayers, and clear, easy-to-follow instructions for claiming what is rightfully yours, it is fully-updated to reflect the latest rulings and laws--including the SECURE Act and the CARES Act. Also, an e-supplement with the latest tax developments from the IRS and Congress is provided so that this book answers all of your "Can I claim..." questions with guidance from the nation's most trusted tax advisors.
  • A Step-By-Step Road Map--with Checklists--to Get You Started Up, Profitable, and Successful 
    Whether you want to start up a part-time home-based business or jump in full throttle and work on it full time, you need a start-up guide. A road map! Home-Based Business Start-Up Guide will help you chart your course to work-from-home success. Written by industry expert Barbara Weltman, our Start-Up Guide is broken up into easily digestible chapters that cover the key areas of a new business launch. We outline 10 fundamental steps to succeed in running a home business. These include selecting a business; determining business fit; establishing your business organization; business protections; marketing and selling; setting up a productive home office; managing your business; achieving success; business growth and more. Jim Blasingame, Host of The Small Business Advocate Show, and author of the award-winning books, “The 3rd Ingredient,” and “The Age of the Customer” says:  "At a time when working from home is becoming the norm, why wouldn’t right now be a perfect time to start a home-based business? If you’re still with me, here’s the next logical question: Why wouldn’t you want to learn how to do that from someone who was home-based before it was cool? Someone who was making being home-based look good before technology made it easy. Well, that person is my friend, Barbara Weltman, and she’s put all of her experience, wisdom and perspective in a new book, “Home-Based Business Start-up Guide.” It’s a by-the-numbers tutorial on how to launch a successful home-based business. Let Barbara help you get your home-based business going with her book, and all of the other awesome resources she produces in support of small businesses. She’s the best."
  • Your GPS to Get You Where You Want to Go in Your Business

    Do you enjoy driving and being your own boss with flexible work options? Are you looking for a part-time (or full-time) activity that earns good money? Maybe you’ve already discovered that there are great opportunities for making money with your car. Or, you’d like to become a delivery driver driver but uncertain how to begin. This guide, "The Delivery Driver Tax and Business Guide" is your answer!
  • What every self-employed person needs to know about their taxes!

    If you’re self-employed, chances are the majority of your time is spent finding new customers or clients, servicing existing ones, and handling each and every aspect of your business. Freelancers, independent contractors, gig economy participants, and other individuals working for themselves need to be aware of their responsibilities when it comes to paying their taxes. Even if you have an accountant or use tax preparation software, you may not be aware of all the deductions and credits you are entitled to. That’s where the experts at J.K. Lasser come in. The second edition of J.K. Lasser's Guide to Self-Employment helps you file your taxes correctly, accurately, and on time. Using clear, jargon-free language, this bestselling guide explains the legal and financial implications of self-employment and shows you how to keep as much of your hard-earned money as legally possible. A reader says: "This book, Guide to Self Employment, is an excellent tax resource for all freelancers & self employed people, including small business owners. Barbara Weltman is a knowledgeable tax attorney & small business specialist."
  • The Uber/Lyft Driver Tax & Business Guide, Kindle Edition

    Created for Uber and Lyft drivers as their GPS -- to help them get where they want to go in their business, safely and securely.
    Note: This e-Book has been updated with a new title and revised content (shown). Do you enjoy driving and being your own boss with flexible work options? Are you looking for a part-time (or full-time) activity that earns good money? Maybe you’ve already discovered that there are great opportunities for making money with your car, and you’re a business owner driving for Uber, Lyft, or other platform. Or, you’d like to become an Uber or Lyft driver but uncertain how to begin. This guide, "The Uber/Lyft Driver Tax & Business Guide," is your answer!  
  • Presenting a recently-launched, updated, paperback edition!  Barbara Weltman takes an inspired look in Smooth Failing at the hard lessons learned when things go wrong. Through extensive interviews with entrepreneurs whose ventures failed for a variety of reasons — some stunningly unexpected, some painfully inevitable — Barbara gleans valuable insights about the small mistakes that can lead to large scale catastrophe.  Smooth Failing seeks to save readers from similar disaster — while empowering those who are learning from failures and adversity to bounce back stronger and wiser on the often rocky road to success.
  • Small Business Survival Book

    12 surefire ways for your business to survive and thrive! Owning a small business can be a fulfilling and financially rewarding experience, but to be successful, you must know what to do while the business is up and running, and, most importantly, what to do when the business runs into trouble. This book is definitely part of what you need to succeed!
  • As Vicki Raeburn of Dun & Bradstreet notes in the forward, "...the successful creation of credit by small business has a significant effect on one of the most important business drivers, namely cash flow. ...     [This book has] the information needed to understand and build business credit."

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  • " Home-Based Business Start-Up Guide
    Jim Blasingame, Host of The Small Business Advocate Show, and author of the award-winning books, “The 3rd Ingredient,” and “The Age of the Customer” says:  "At a time when working from home is becoming the norm, why wouldn’t right now be a perfect time to start a home-based business? If you’re still with me, here’s the next logical question: Why wouldn’t you want to learn how to do that from someone who was home-based before it was cool? Someone who was making being home-based look good before technology made it easy. Well, that person is my friend, Barbara Weltman, and she’s put all of her experience, wisdom and perspective in a new book, “Home-Based Business Start-up Guide.” It’s a by-the-numbers tutorial on how to launch a successful home-based business. Let Barbara help you get your home-based business going with her book, and all of the other awesome resources she produces in support of small businesses. She’s the best." ”

    -Jim Blasingame, Host of The Small Business Advocate Show

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    You should sign up for the "Idea of the Day®" by Barbara Weltman. This will give you great tips and help you with your daily business needs. She writes every article with consummate skill. ”

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  • " Your blogs contain information that everyone can use!
    As a tax attorney and small business specialist, Barbara has a lot of great information to share. Barbara, your blogs contain information that everyone can use!  Your newly-expanded ebook, "175+ Big Ideas for Small Business" ebook has lots of great recommendations for small business owners. ”

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    I just wanted to reach out and give you a very big, truly heartfelt "thank you" for all the work that you do to help small business owners grow and succeed. More specifically, I wanted to offer you some praise for your blog posts and Idea of the Day®. My email inbox gets so very cluttered. And honestly, on most days I will do a wholesale delete of many, many messages. But I literally stop and specifically look for your name and your small business Idea of the Day®. I don't want to miss it! In fact, I look forward to reading it daily (even on weekends!) because I know I'm going to learn something new that saves me money, time or just adds to my professional knowledge in a way that helps me help others too. So thank you, thank you, thank you for your efforts! ”

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    I follow your blog religiously for the great tips you provide. I love the new look. It makes me smile to see that your blog got an update.  Thanks for providing such useful information. ”

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