Blog Images

Your Complete Source for Small Business,
Tax, Legal, & Financial Information

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.

  • 40 years of legal and small business experience
  • Easy-to-implement principles available in multiple medias
  • High traffic community for spreading your message

Idea of the Day®

January 21, 2021

EIDL Grants? What to Know Now

The SBA’s Economic Injury Disaster Loan (EIDL) grants debuted with the CARES Act law, allowing businesses to qualify for up to $1,000 per employee for a total of $10,000…a tax-free payment. The Consolidated Appropriations Act that began law in December provided more funding for EIDL grants. Nav’s guide helps you determine whether you can qualify for any grant now. #IdeaoftheDay

Subscribe Signup

Subscribe to Big Ideas for Small Business® and get the Idea of the Day® delivered to your inbox! As a thank you, you’ll have access to our new eBook: "Big Ideas for Recovering and Reimagining Your Small Business"
SIGN UP NOW! – No Spam! We Promise!

Big Ideas For Your Business

Resources For Your Business
  • The pandemic has highlighted, but did not create, a growing diversity of worker status. There are a variety of employee types, from at-will hourly workers to exempt employees engaged under employment contracts (and not subject to minimum wage and overtime rules). There are also a number of different types of independent contractors, including gig workers, those who have sideline activities, and those who work exclusively for a single company on a contract basis. The laws on worker classification and protection are evolving. The lines are blurring between independent contractors and employees, with more protection and greater benefits usually limited to […]

  • The deadline for providing employees with their Form W-2 for 2020 and independent contractors who received at least $600 in 2020 with their Form 1099-NEC is fast approaching. Because January 31, 2021, the usual deadline is on a Sunday, the due date for 2020 forms is February 1, 2021. Here are some last minute things to know about these filing obligations. 1. You can send forms to workers electronically Instead of generating paper W-2s or 1099s, you can send an electronic version. However, this option only applies if you obtain prior consent from workers to receive their forms via email […]

  • As has been our practice in the past couple of years, we’ve adopted a theme for a monthly blog. This year’s theme: Recovery strategies. When the pandemic hit, most businesses that were able to do so scrambled to transition their employees to working remotely from their homes. Likely, many small businesses did this without adopting comprehensive policies to make the arrangement workable for employees while protecting the company from potential threats and addressing various issues. With the continuation of the pandemic, at least for the foreseeable future, it’s time for employers to adopt formal work-from-home policies or review existing ones […]

  •  The Consolidated Appropriations Act, 2021 (CAA), signed into law on December 27, 2020, changed some important rules impacting various employee benefits for 2021. With the new year underway, now is the time to review your retirement plans and other employee benefit plans to ensure compliance with law changes. Qualified retirement plans The CAA did not make major changes in the rules for qualified retirement plans. Remember that many of the changes were created by the SECURE Act at the end of 2019 and some of those changes apply in 2021. For example, required minimum distributions (RMDs), which had been […]

  • According to a study by Maven and Great Places to Work, companies that provide support for employees with childcare responsibilities have 5.5 times the revenue growth compared with companies that don’t. Here are some ways small business can do this with little or no cost. Parent-friendly policies Companies that want to be supportive to working parents must recognize the importance of this decision and implement policies that effectuate it. A list of the World’s Best Workplaces™ 2020, all large companies, shared a common theme: Employees reported they were able to take time off from work when they thought it necessary. […]

  • 2020 began on a note of high optimism for small businesses. The NFIB Small Business Economic Trends in January 2020 showed an optimism rating of 104.3, among the top 10 of all readings in the 46-year history of the survey. Job creation jumped and finding qualified workers was the top issue for many small businesses. There was strong capital spending and the percentage of owners expecting increases in sales and inventories was higher than the previous month. What a difference a year makes! NFIB’s November 2020 report showed a decline in optimism and declines in most other factors. How do […]

  • 2020 has come to an end. If you are still in business, congratulations. The statistics on small business closures are grim. Yelp found that 60% of business closures due to the pandemic were permanent. With the current new wave of COVID-19 cases and repeated government-mandated shutdowns, it can be expected that more small businesses will go under. If you have been unable to withstand the tsunami that was the pandemic, take heart because a new year presents new opportunities for those with an entrepreneurial spirit. Throughout this year, blogs have focused on preparing for economic change. Here are some thoughts […]

  • On December 27, 2020, a massive new law was signed by the President to fund the federal government through the end of fiscal year 2021 (September 30, 2021) and provide COVID-19-related relief to individuals and businesses. The new law is massive at 5,593 pages and is comprised of a number of different measures, including the COVID-related Tax Relief Act (which starts on page 1965) and the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (which starts on page 2042). The following is a brief checklist of provisions that may affect your business; they’ll be fleshed out in future […]

  • Last year, there were over a million shoplifting cases reported, with an average of $318 lost in each incident. But these are only the cases tracked by the FBI; most aren’t reported. A survey by Business.org found that 40% of small businesses saw an increase in shoplifting since the pandemic. Shoplifting is widespread, with 88% of small businesses having experienced a customer shoplift; 14% of incidents happened daily and 28% of incidents have turned violent. While in-store shopping has been way down due to the pandemic, consumers likely will return when it’s safe to do so. If you have a […]

  • A study has shown that CEOs who emphasize culture over other success metrics will thrive. This is a great message at a time when many small businesses are going under. The study focused on publicly-traded corporations, but the results apply equally to small businesses. Here’s why having this type of company culture matters and what you can do to achieve it. Overview Companies that have High-Purpose Cultures™ focus on employees and customers. gaping void Culture Design Group, the company that did the survey, says such companies realize: • Higher financial returns • Better customer satisfaction scores • Increased employee retention […]

Multimedia

Resources For Your Business

5 Simple Tips for Staying Connected with Coworkers and Associates

Preparing for Economic Changes: What's Trending and Why It Matters to Your Business

10 Time Management Ideas for Remote Working

Stress-Busting Strategies in the Age of Pandemic

#TWEETCHAT CALENDAR
TODAY'S TWEETCHATS

January 22, 2021

UPCOMING TWEETCHATS

Events in January–February 2021

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.
  • Ideas you'll use everyday!

    With only so many hours in the day, it’s impossible to stay on top of key developments and opportunities to help you run your business better and smarter. 500+ Big Ideas for Your Small Business gives you quick access to resources and tips you can use every day. Whether you’re a seasoned entrepreneur or just starting out, you’ll find actionable ideas to help you with your finances, your operations, your staff, your marketing, your taxes, your technology, your environment, and your personal growth.
  • 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."

testimonials

  • " Love your articles!
    I love the simplicity of your articles. ”

    -Marie Porolniczak, CB

  • " 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

  • " I Love Your Ideas of the Day!
    I love your ideas of the day! They have become an instrumental part of my learning! ”

    - Gina Bertoletti

  • " You should sign up for the Idea of the Day®
    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. ”

    -Lesley

  • " 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. ”

    -Lisa Rubenfeld

  • " Best information for a small business owner!
    For a small business owner, the information [in your book] is absolutely one of the best I’ve come across! Thanks so much for the break-down of information. ”

    -Michelle Joe

  • " I don't want to miss it!
    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! ”

    -Lynnette Khalfani-Cox, The Money Coach

  • " Getting your daily email is like getting an MBA in small business!
    Thank you for finding this important information. Getting your daily email is like getting an MBA in small business. ”

    -J. S. Budnik

  • " Thank You, Barbara!
    "Thank you, Barbara Weltman, for all of your articles and tax advice to small business owners! All the best." ”

    -Shane Madigan

  • " Thanks for providing such useful information!
    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. ”

    -Lee Drozak

Open
Close

Big Ideas for Small Business®
Find it for free on the App Store.
Get