2020 has come to an end. If you are still in business, congratulations. The statistics on small business closures are grim. Yelp found that 60% of … Read more about Preparing for Economic Changes: Closing Your Books for 2020
Consolidated Appropriations Act, 2021: What’s in It for You?
On December 27, 2020, a massive new law was signed by the President to fund the federal government through the end of fiscal year 2021 (September 30, … Read more about Consolidated Appropriations Act, 2021: What’s in It for You?
Shoplifting: 5 Actions to Address the Problem
Last year, there were over a million shoplifting cases reported, with an average of $318 lost in each incident. But these are only the cases tracked … Read more about Shoplifting: 5 Actions to Address the Problem
High-Purpose Cultures for Small Businesses
A study has shown that CEOs who emphasize culture over other success metrics will thrive. This is a great message at a time when many small … Read more about High-Purpose Cultures for Small Businesses
In D.C. It’s Out with the Old and In with the New: What it Means for Small Business
What a new administration means for small business This year’s election results mean changes…a new administration and a new Congress. What affect … Read more about In D.C. It’s Out with the Old and In with the New: What it Means for Small Business
Business Owner’s Documents Review: Estate Planning Issues
“[I]n this world, nothing is certain except death and taxes.” – Benjamin Franklin COVID-19 has resulted in nearly 290,000 deaths in the U.S. in 2020. … Read more about Business Owner’s Documents Review: Estate Planning Issues
Year-End Bonuses for a Year Like No Other
It’s been reported that about 66% of all businesses plan to give year-end bonuses in 2020. But is this true for small businesses? Many have closed; … Read more about Year-End Bonuses for a Year Like No Other
When Is It Time to Close a Business?
According to TrackTheRecovery.org, the number of small businesses that were open on November 16, 2020, as compared with January 1, 2020, decreased by … Read more about When Is It Time to Close a Business?
What Is “Work Time?”
Under the Fair Labor Standards Act (FSLA), employers must compensate hourly employees for the time they work and pay time and a half for working more … Read more about What Is “Work Time?”
Gratitude on this Thanksgiving 2020
Gratitude is defined as “the quality of being thankful; readiness to show appreciation for and to return kindness.” Harvard Medical School … Read more about Gratitude on this Thanksgiving 2020
5 Simple Tips for Staying Connected with Coworkers and Associates
“We don’t accomplish anything in this world alone…and whatever happens is the result of the whole tapestry of one’s life and all the weavings of … Read more about 5 Simple Tips for Staying Connected with Coworkers and Associates
Answers to Year-End Tax Planning Questions
On November 3, 2020, I did a SCORE LIVE webinar on Year-End Tax Planning for Your Business (you can listen to a recording). Due to high attendance, … Read more about Answers to Year-End Tax Planning Questions
Preparing for Economic Changes: Added Costs of Doing Business
Economic change can result from any number of factors. The one most prominent now is the pandemic, which caused dramatic shifts in the business … Read more about Preparing for Economic Changes: Added Costs of Doing Business
5 Ways Not to Waste Your Time and Efforts
Time is a precious commodity. If you are now working remotely and saving minutes or hours each day that you don’t have to commute, it’s still … Read more about 5 Ways Not to Waste Your Time and Efforts
Veteran-Owned Small Businesses
Veterans Day—November 11—each year is a celebration to honor America’s veterans for their patriotism, love of country, and willingness to serve and … Read more about Veteran-Owned Small Businesses
