Tax law is not static and new legislation, IRS pronouncements, and court decisions continue to tweak tax rules. They affect reporting on 2021 returns … Read more about Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2022
Can You Trust These Business Colloquial Expressions?
You’ve heard the phrases that have become cliches in business parlance, such as cash is king. They are repeated as if they are always correct. But … Read more about Can You Trust These Business Colloquial Expressions?
Mentoring for Entrepreneurs
January is National Mentor Month. It’s a fact that having a mentor increases your chances for success. According to a study by Kabbage, 92% of small … Read more about Mentoring for Entrepreneurs
3 Ways to Use Automation for Everyday Business Tasks
Small businesses, by definition, have limited staff and resources. In order to operate “big,” technology has provided some practical assistance. … Read more about 3 Ways to Use Automation for Everyday Business Tasks
What to Do About Inventory Challenges in 2022
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
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
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
