The post-holiday season is the time for taking a physical inventory of your merchandise and restocking your shelves. According to U.S. Census Bureau … Read more about What to Do About Inventory Challenges in 2022
Business Owners and their “Combat Fatigue”
Combat fatigue, according to the dictionary, is a psychological disturbance caused by prolonged exposure to active warfare, especially being under … Read more about Business Owners and their “Combat Fatigue”
Startup Ideas for Success: Getting Your Ducks in a Row
For the past several years, a monthly blog of mine throughout the year has focused on a theme (developing leadership qualities in 2019; preparing for … Read more about Startup Ideas for Success: Getting Your Ducks in a Row
Latest Update on COVID-19 Rules and the Workplace
UPDATE: On January 13, 2022, the U.S. Supreme Court ruled that the federal government could not impose OSHA’s mandate on private businesses with 100 … Read more about Latest Update on COVID-19 Rules and the Workplace
Reporting Payments to Independent Contractors: 5 Things to Know
If you engage independent contractors and pay them in the aggregate $600 or more during the year, you must report payments to them and to the IRS. In … Read more about Reporting Payments to Independent Contractors: 5 Things to Know
Make Plans, Not Resolutions
New Year’s resolutions have become a perennial activity. For personal reasons, resolutions usually focus on becoming healthier, saving money, and … Read more about Make Plans, Not Resolutions
Assessing 2021: Good Year or Bad for Your Business?
Whether the past 12 months have been profitable or not, one thing you surely can say is that it hasn’t been dull. The past year has seen the rise of … Read more about Assessing 2021: Good Year or Bad for Your Business?
Some Tax Issues Never Change
In the past several years, business owners have grown accustomed to adapting to many changes in tax rules. Some new rules have been temporary in … Read more about Some Tax Issues Never Change
Avoid the 5 Things that Drive Employees Out the Door
With the “Great Resignation,” in which 4.2 million employees quit their jobs in just October 2021, small business owners need to be smart about … Read more about Avoid the 5 Things that Drive Employees Out the Door
What’s a Registered Agent and Do You Need One?
If your business is a corporation—whether a regular C corporation or an S corporation—you may want or need to use a registered agent. The same is true … Read more about What’s a Registered Agent and Do You Need One?
The Latest Tax Statistics on Partnerships and LLCs
A partnership is not taxpaying entity, but files an annual tax return, Form 1065, to report income, deductions, and other items. These items pass … Read more about The Latest Tax Statistics on Partnerships and LLCs
Recovery Strategies: Building Reserves to Protect Your Business in the Future
It’s understandable that many small businesses continually play catchup. They’re usually in a constant state of troubleshooting and often find … Read more about Recovery Strategies: Building Reserves to Protect Your Business in the Future
Using Remote Workers: The Good, The Bad, and the Ugly
Post-pandemic, remote work arrangements are here to stay. The 5th Annual State of Remote Work 2021 from Owl Labs found that nearly 50% of workers in … Read more about Using Remote Workers: The Good, The Bad, and the Ugly
What You Can Do About Inflation
There’s no getting around it…high inflation is having an impact on small businesses. The historic average rate of inflation is between 2% and 3%. … Read more about What You Can Do About Inflation
5 Things to Do Before the End of the Year
The year is winding down, but there are still some actions you must or should take now to complete necessary matters and get set for the coming new … Read more about 5 Things to Do Before the End of the Year