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 23, 2020

Coworking Space Trends for 2020

Clutch reports the findings from several sources that show coworking continues to be a growing trend. For example, 36% of coworking employees work in smaller, local coworking spaces to be involved in their local communities. Coworking spaces offer office amenities…lounges, kitchens, and private meeting rooms.

New blog post today! USMCA and Small Business

Special Note: The Guide to Self-Employment (2nd edition), Small Business Taxes 2020, and 1001 Deductions & Tax Breaks 2020 are available on Amazon.

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
  • USMCA and Small Business

    On January 16, 2020, the Senate passed the United States, Mexico, and Canada Agreement (USMCA), which is expected to be signed into law shortly. It replaces the North America Free Trade Agreement (NAFTA), which has been in effect since January 1, 1994. It is the first trade agreement ever to include a chapter dedicated to small- and mid-sized enterprises (SMEs). Here are some highlights of that chapter and others relating to SMEs (adapted from the governments FAQs): Trade opportunities The USMCA establishes information-sharing tools that will help SMEs better understand the benefits of the agreement and provides other information useful […]

  • The U.S. Department of Labor has issued a final rule on joint employers for purposes of the Fair Labor Standards Act (FLSA). Under this rule, which runs 164 pages, an employee can be considered to have more than one employer, each with responsibility to adhere to the FLSA with respect to paying at least minimum wage and adhering to overtime rules. This rule has significant ramifications for franchisees, temporary employment agencies, contractors/subcontractors, and some other small business owners. Here’s the rule and what it means to you. Overview of the joint employer rule When an employee works for one employer, […]

  • According to the American Institute of Stress, 80% of workers feel stress on the job. This stress causes problems for both the employee and the employer. For example, 62% of workers experienced neck pain by the end of the day and 44% had stressed-out eyes. It’s been documented that stressed workers have lower productivity and increased absenteeism; 19% have quit a position because of stress. For the sake of your employees and your company, think about how you can help employees reduce their work-related stress. 1. Set realistic job expectations Many employees feel overworked and underpaid. In a quest to […]

  • Business owners who are self-employed usually pay their taxes in four estimated tax payments for the year. The final installment for 2019 is due on January 15, 2020. The first installment of estimated tax for 2020 is due on April 15, 2020. Figuring estimated taxes correctly is important so you don’t overpay and have to wait for a refund or underpay, which can result in penalties.  In the past several years, some owners have deliberately underpaid estimated taxes because the IRS penalty was so low. But with interest rates rising, this strategy is going to be costly. Here are some […]

  • According to one scholarly paper, which examined the effects of employment on influenza rates, “the spread of the influenza virus is linked with higher employment, particularly in industry sectors with the highest levels of interpersonal contact.” In effect, recognize that if an employee infected with the flu comes to work, he or she could infect others. Instead of losing productivity from the employee who brought the flu to your workplace, now you have lost productivity from other employees. What can you do? (The following is adapted and updated from a blog post 6 years ago.) Encourage healthy workplace practices Staying healthy […]

  • There are many new rules for qualified retirement plans and IRAs that impact your business in the coming years. These new rules are contained in the SECURE Act, which is part of the massive spending measure (P.L. 116-94) signed into law on December 20, 2019. (A roundup of other business-related tax changes in the spending package was discussed in a previous blog post.) Some rules take effect on January 1, 2020, while others don’t start until after 2020. Multiple employer plans (MEPs) Two or more unrelated employers can join together in a pooled employer plan. This new option will allow […]

  • “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.”   – Jimmy Dean. No one knows how the economy will change in the next 12 months. Most are predicting a good 2020, but some are cautioning about recession. We know from past experience that the experts don’t know any more than we do. Recall the dire predictions of a recession at the end of 2018 that drove the stock market down in December 2018. And it turned out that 2019 was a boom year. Because economic conditions always change, it’s essential […]

  • A while back Unum polled employees to determine which benefits they valued most. In today’s tough job market, small employers are challenged to offer a number of benefits in order to compete for talent with other employers…large corporations and small businesses. Nonetheless, there are many desired benefits that won’t break the bank. Here are the top 15 fringe benefits in demand and the tax and practical implications of offering them so you can decide which of these benefits to offer now. Paid family leave The poll found this employee perk to be the top one desired, with 58% identifying it […]

  • The number of self-employed individuals is growing substantially. FreshBooks’ Women in the Independent Workforce, 2nd annual report says that between 10 and 12 million women are expected to join the independent workforce in America over the next 5 years. The Bureau of Labor Statistics projected a 7.9% growth rate in self-employment over a 10-year period. Upwork and Freelancers Union reported in Freelancing in America: 2018 that there were 56.7 million Americans who freelance. My latest book — a revision of one published in 2013 This book is intended to help self-employed individuals understand back-office obligations, including taxes, banking, and insurance. […]

  • The 2020 Edition Book Review For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their tax advisors. The 2020 edition for preparing 2019 returns as well as tax planning for 2020 has been updated to incorporate new laws, court decisions, and IRS pronouncements. As has been my practice, I’ve written my own book review to explain the purpose of the book, what’s new, and what’s ahead. Why small business owners need a tax book If you’re like the vast majority of small business owners (86%), you […]


Resources For Your Business

Getting Out of Your Commercial Lease

Successful Tax Planning Strategies for Your Small Business - Interview by Jim Fitzpatrick

Book Interview -- Smooth Failing

Book Interview -- J.K. Lasser's Small Business Taxes 2019

January 2020
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
December 30, 2019

Category: General#BizapaloozaChat

December 31, 2019 January 1, 2020

Category: General#SmallbizChat

January 2, 2020 January 3, 2020 January 4, 2020 January 5, 2020
January 6, 2020

Category: General#BizapaloozaChat


Category: General#MoneyChat

January 7, 2020

Category: General#InfluencerChat

January 8, 2020

Category: General#SmallbizChat

January 9, 2020 January 10, 2020 January 11, 2020 January 12, 2020
January 13, 2020

Category: General#BizapaloozaChat

January 14, 2020 January 15, 2020 January 16, 2020 January 17, 2020 January 18, 2020 January 19, 2020
January 20, 2020

Category: General#BizapaloozaChat

January 21, 2020

Category: General#SBAchat

January 22, 2020 January 23, 2020 January 24, 2020 January 25, 2020 January 26, 2020
January 27, 2020

Category: General#BizapaloozaChat

January 28, 2020 January 29, 2020

Category: General#InsiderChat

January 30, 2020 January 31, 2020 February 1, 2020 February 2, 2020

barbara’s books

  • This e-Book was created for Uber and Lyft drivers as their GPS -- to help them get where they want to go in their business, safely and securely. 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 and Lyft Driver's Guide to Running Your Business," is your answer!  
  • Maximize your bottom line with the nation's most trusted small business tax guide

    J.K. Lasser's Small Business Taxes 2020 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 2020 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 2019 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.
  • 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."
  • 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."


  • " 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. ”


  • " 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


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