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®

November 16, 2018

New Form for Paid Family and Medical Leave Credit

The IRS has posted a draft form and draft instructions for the credit to employers for paying employees on family or medical leave in 2018. The credit, which is set to run only through 2019, can be meaningful, but restrictions apply.

Idea Signup

Get the Idea of the Day® Delivered to Your Inbox and
Download our Newly-Expanded 175+ Big Ideas for Your Small Business, 2018 Edition, for Free!
No Spam, we promise!

Big Ideas For Your Business

Resources For Your Business
  • Raising Your Prices

    A McKinsey & Co. study found that raising prices 1% with no change in demand could mean an increase in profits of 11%. Inflation for 2018 is running at about 2.3%, so this generally means you can expect to pay more for the goods and services your business uses. With a tight labor market, you’re likely to increase wages for the coming year at an even greater rate. These conditions mean one thing: it’s probably time to raise your prices. Concerns about raising prices Naturally, you fear that raising prices will reduce demand. You need to determine the impact of […]

  • The Tax Cuts and Jobs Act created a new personal deduction, called the qualified business income (QBI) deduction, for owners of pass-through entities that is effective starting on 2018 returns. The deduction cuts the effective tax rate on your business income.  Sole proprietors, S corporation shareholders, partners, LLC members, and self-employed independent contractors should familiarize themselves with the rules for the QBI deduction.  Here are 10 things to know about it. 1. The new deduction is based on only certain pass-through income The QBI deduction, also referred to as the Section 199A deduction (based on the Tax Code provision covering it) is […]

  • This is the health care season, with open enrollment for individuals seeking coverage for 2019 through a government Marketplace running from November 1, 2018, through December 15, 2018. (Medicare open enrollment runs from October 15, 2018, through December 7, 2018). But obtaining health coverage through an employer is a highly desired employee benefit, and having it may mean the difference for an employee accepting a position and/or staying on the job. Only 47% of firms with 3 to 9 employees offer health coverage as an employee benefit, according to the Kaiser Family Foundation (KFF) 2018 Health Benefits Survey  In this […]

  • H.G. Wells said: “Adapt or perish, now as ever; is nature’s inexorable imperative.”  … As in nature, so too in business. On October 14, 2018, Sears filed for Chapter 11 bankruptcy protection after being unable to pay a debt. Sears started business in 1886 (132 years ago). By using Chapter 11, Sears hopes to reorganize and emerge from bankruptcy, but who knows? This event tells me that Sears just didn’t adapt well to the era of online sales and new ways of marketing. It’s a cautionary tale; don’t become the next Sears. Here are some areas to check to make […]

  • It’s Time to Upgrade Your PC

    Will Rogers said: “Even if you’re on the right track, you’ll get run over if you just sit there.” When it comes to technology, you can’t afford to stay in the same place; you must continually upgrade your PCs and laptops. One source says you should expect to replace your desktops every four years and laptops even sooner. If your equipment is becoming dated, here’s why now is a great time to do it. Your old PCs are costing you money By doing nothing and just sitting on the track (keeping your computers beyond their natural life expectancy), you have […]

  • Halloween has become a national obsession, with all things spooky, creepy, and ominous. Perhaps it would be a good exercise at this time of the year to consider what scares you the most so you can prepare accordingly to the greatest extent possible. Here’s a list of 10 terrible things that can so easily happen to just about any business: 1. A natural disaster It can temporarily, or even permanently, put you out of business. (I was shuttered for nearly a week last year because of Hurricane Irma.) And even if such event doesn’t happen to you, it can befall […]

  • The Tax Cuts and Jobs Act dramatically increased the dollar limit on first-year expensing (the Section 179 deduction) for the purchase of equipment and other qualified property. For 2018, you can elect to deduct immediately the cost of these purchases up to $1 million (compared with the $510,000 limit in 2017). This generous write-off can be used whether you pay cash or finance your purchase in whole or in part. However, you may not want to elect this generous write off in some situations: You face excess business losses as a noncorporate taxpayer. If your business deductions from your pass-through […]

  • Your 2019 Budget

    Now that we’re in the fourth quarter of 2018, it’s time to nail down your budget for the coming year. Be sure to consider the following projections: Payroll Are you planning to give raises? The average pay increase for 2019 is projected to be 3.1% for non-management employees. As the owner, are you giving yourself a pay increase? Be sure to consider the impact on a greater payroll in 2019 on the amount of the qualified business income (QBI) deduction you can take on your 2019 personal tax return. The percentage for Social Security and Medicare taxes (FICA) remains unchanged for […]


Resources For Your Business

Challenges and Rewards of Having an Intergenerational Staff

Why Employees' Opinions Matter and How to Get Feedback


November 16, 2018


November–December 2018

barbara’s books

  • Maximize your bottom line with the nation's most trusted small business tax guide

    J.K. Lasser's Small Business Taxes 2019 is the small business owner's ultimate guide to a money-saving, stress-free tax season. Providing straightforward advice from the nation's most trusted tax expert on small business taxes, this book gives you the answers you need quickly, with clear, concise guidance. Updated to cover changes from the Tax Cuts and Jobs Act and other legislation, this edition also includes an e-supplement covering additional developments from Congress and the IRS to keep you fully up-to-date.
  • A complete list of individual tax relief opportunities

    J.K. Lasser's 1001 Deductions and Tax Breaks 2019 is the complete and thorough guide to reducing your tax burden. By listing every possible deduction and credit available to individual taxpayers, this book can help you achieve substantial savings on your 2018 tax return. Updated and expanded to cover new and changing tax law, this edition also includes an e-supplement covering the latest developments from Congress and the IRS to keep you fully up-to-date. Stop overpaying and gain peace of mind as you find the answers you need for your specific tax situation. Mine your paperwork for write-off opportunities, and claim your tax breaks correctly; easy-to-follow instructions give you clear guidance through the maze of worksheets to help you reclaim what is legally yours.
  • Tax facts and strategies every self-employed person needs to know As a self-employed person you have to handle many, if not all, of the aspects of running your business. J.K. Lasser's Guide to Self-Employment is intended to help you with some business aspects with which you may not be familiar—but which have a great impact on your bottom line. It skillfully focuses on taxes as well as many legal and financial matters that may pertain to your business.
  • Smooth Failing - Living Edition

    This is the Living Edition of Smooth Failing. New stories from business leaders on their business failures and the lessons learned will be added regularly at no additional cost. Alerts will be sent out automatically when each new version is available. Specific requests and challenges can be submitted by the reader for future consideration and these will dictate how often and how many additional stories will be made available.
  • 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."


  • " 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

  • " Barbara Weltman is an Advocate for Small Business
    She has been an advocate, public speaker, and resource for small business news since the release of her first book, J.K. Lasser’s Tax Deductions for Small Business, in 1995. Since then she has run her website, her Big Ideas for Small Business® newsletter, and her blog, not to mention written over a dozen books. Ms. Weltman is on this list twice because for many business owners, it is easier to scroll through her Twitter feed for trending topics and news events than search her website. However, if you don’t take a minute to read her newsletters or blog — you’re missing out. ”

    -Meredith Wood, Fundera Ledger

  • " Great segment!!!
    Barbara Weltman is one smart cookie - I follow her on Twitter, and her content is always interesting and informative. ”

    -An eBay Radio listener - purplejaime1976

  • " Absolutely love your Idea of the Day®
    it’s BRIEF, concise and timely. Funny, I do a quick scan of my bloated mail box, quickly deleting what I feel is a time waster. But I NEVER delete Idea of the Day® until I've first opened it. Both you and Napoleon Hill's Thought for the day ALWAYS get read. You’re in terrific company. Thanks. ”

    -Don Aronowitz


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