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 … Read more about Raising Your Prices
10 Things to Know about the QBI Deduction
The Tax Cuts and Jobs Act created a new personal deduction, called the qualified business income (QBI) deduction, for owners of pass-through entities … Read more about 10 Things to Know about the QBI Deduction
Health Care: The Problem and the Solution
This is the health care season, with open enrollment for individuals seeking coverage for 2019 through a government Marketplace running from November … Read more about Health Care: The Problem and the Solution
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 … Read more about It’s Time to Upgrade Your PC
When ‘NOT’ to Elect First-Year Expensing
The Tax Cuts and Jobs Act dramatically increased the dollar limit on first-year expensing (the Section 179 deduction) for the purchase of equipment … Read more about When ‘NOT’ to Elect First-Year Expensing
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 … Read more about Your 2019 Budget
How Does Your State Measure Up Taxwise?
The Tax Foundation released its 2019 State Business Tax Climate Index. The index explores these state-level taxes: state income tax, unemployment … Read more about How Does Your State Measure Up Taxwise?
Colors Count—Make Yours Fit Your Business
Some colors have become synonymous with certain big companies: red is part of CocaCola’s brand, IBM is “Big Blue,” and McDonalds is identified by the … Read more about Colors Count—Make Yours Fit Your Business
Deducting Business Meals
The Tax Cuts and Jobs Act eliminated any deduction for entertainment costs, so taking a customer to a ballgame or an associate to the theater is not … Read more about Deducting Business Meals
Challenges and Rewards of Having an Intergenerational Staff
In today’s workplace, you’re likely to have employees of all ages. They fall into different generations. They have different experiences and skills. … Read more about Challenges and Rewards of Having an Intergenerational Staff
Payment Card Security Revisited
Nearly half of all data breaches are aimed at small businesses and occur through the acceptance of credit cards. Last year we posted a blog on this … Read more about Payment Card Security Revisited
Helping Employees with Student Loan Debt
One of the biggest financial challenges facing many employees these days is student loan debt. It may be millennials with their own loans, or it may … Read more about Helping Employees with Student Loan Debt
Estee Lauder, Inspirational Entrepreneur
One hundred and ten years ago, a girl was born in Queens, New York, and grew up there, like me. She would go on to found, with her husband Joseph … Read more about Estee Lauder, Inspirational Entrepreneur
7 Deadly Sins for Small Business Owners
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 … Read more about 7 Deadly Sins for Small Business Owners
Why Employees’ Opinions Matter and How to Get Feedback
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 … Read more about Why Employees’ Opinions Matter and How to Get Feedback
