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, Barbara Weltman 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®

September 25, 2018

Federal Tax Changes Affecting Businesses

The IRS has a landing page where you can find tax reform provisions affecting businesses. Sections include provisions for income, deductions and depreciation, credits, international, taxes, accounting method changes, Opportunity Zones, and other information.

New blog today! 7 Deadly Sins for Small Business Owners

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
  • Pride, envy, gluttony, lust, anger, greed, sloth … the 7 deadly sins that the Catholic Church warned against in the middle ages. It’s easy to see how each of these sins can be applied in a business context. For example, Harvard Business Review posted an article on The Seven Deadly Sins of Management, explaining lust is all about vanity projects, pride about overestimating abilities (you get the picture). But I think there are other sins that business owners can commit to the detriment of their businesses. Here are my top 7: 1. Rashness. This is all about not having a […]

  • With unemployment at historic lows, the job market now is tight. It’s so tight that the NFIB August 2018 report found that a quarter of all small business owners cited the difficulty of finding qualified workers as their single most important business problem. So how do you ensure that the employees you have will stay and the openings you have will be filled? One key way is to learn what employees think and address their concerns. Make employees feel valued It’s a sad fact that about 70% of U.S. workers feel disengaged at work. This leads to workers changing jobs […]

  • Small businesses fall into two categories: those with employees and those without employees. The SBA’s Office of Advocacy has released information describing the latter category, termed nonemployer businesses. It sheds light on what these businesses are like and how they contribute to the economy. The following is excerpted from this release. Nonemployer businesses These are businesses with no paid employees. Four out of every 5 businesses in the U.S. fall into this category, and the numbers are rising: 15.4 million in 1997 to 24.3 million in 2015 (the last year for these statistics). The release does not explain why this is […]

  • Hispanic Heritage Month runs from September 15 (the anniversary of independence for 5 Latin American countries) to October 15. It recognizes the contributions made and the important presence of Hispanic and Latino Americans to the United States and celebrates their heritage and culture. From a business perspective, this portion of the population is significant. 5 million people (18%) of the American population is of Hispanic or Latino origin. 8 million Latinos are in the U.S. workforce. 5% of Fortune 500 board seats were held by Latinos and Latinas as of 2016. Many CEOs are Latinas or Latinos (see next). Businesses […]

  • Lessons from September 11th

    It’s been 17 years since terrorists drove planes into the Twin Towers and the Pentagon. The devastation to the lives of families of those who died, and the destruction of property was catastrophic. Since that terrible day, there have been smaller terrorist incidents, and the threat of a massive one has never been erased. For small business owners, the possibility of a terrorist attack of any size cannot be ignored. Do you have catastrophe plans? September is National Preparedness Month. This is a reminder that disasters — due to nature or human action — can happen to you. suggests […]

  • The U.S. Census Bureau estimates that there are more than 34 million households with children under the age of 18, and members of your employees may be among them. They may want to attend school plays, sporting events, and teacher conferences, or volunteer at school functions. With employees’ children back in school, be sure you know the correct policy for employees taking time off for them to attend school activities. Legal requirements Your state law may require you to give unpaid time off. Currently California, Colorado, Illinois, Louisiana, Massachusetts, Minnesota, Nevada, North Carolina, Rhode Island, and Vermont, as well as […]

  • Do You Have a Will?

    Music legend Aretha Franklin died in August at the age of 76 but didn’t leave a will. The same is true for Prince, who died in 2016.   Do you have a will? If you do, when was the last time you reviewed it? As a business owner, here are some issues you should consider for your will and your overall estate plan. Deciding who inherits the business If you plan to die with your boots on (never retire) and don’t have a will, then your business, along with your other assets, will be distributed according to your state’s law on […]

  • Certain women from the past have had a tremendous impact on our lives. Here are 5 outstanding women who were born in the month of August and I’d like to give a salute to them. Lucille Ball (b. August 6, 1911) We remember her largely for her role in I Love Lucy (a show that ran from 1951 to 1957 but is still being shown regularly today). But her real claim to claim is that she was the first woman to head a major Hollywood production company, Desilu Productions (she was president and CEO). It produced not only her show […]


Resources For Your Business

Book Interview - J.K. Lasser's Small Business Taxes 2018

10 Summertime Actions for Your Business


September 25, 2018


September–October 2018

barbara’s books

  • The ultimate money-saving tax guide for the small business owner.   J.K. Lasser's Small Business Taxes is designed to help business owners make sense of their taxes and file correctly, on time, without over- or under-paying.  Written in a straightforward and accessible style, this reliable resource offers a complete overview of small business tax planning and provides you with the information needed to make tax-smart decisions throughout the year. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.
  • 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. Fully updated to reflect the latest rulings and laws — including an e-supplement with the latest tax developments from the IRS and Congress — this book answers all of your "Can I claim…" questions with guidance from the nation's most trusted tax advisors.
  • 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.3
  • 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.