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Thresholds Are Confusing for Information Reporting
Saying that tax rules are confusing is an understatement. Sometimes they’re almost impossible to understand. When it comes to requirements for reporting certain income, expenses, ... -
5 Ways to Recession-Proof Your Business
Are we in a recession, which is defined as a significant decline in economic activity or two consecutive quarters of GDP contraction (something we’ve already ... -
Back to School Time: Heads Up for Employers
As students head back to school, employers should take note of some important implications for their business. Employees, with and without children, may be thinking ... -
5 Ways to Help Employees with Financial Wellbeing
Are employers responsible for their employees’ financial health? Should they act in loco parentis (a Latin phrase meaning in place of the parent)? You may ... -
Startup Ideas for Success: Working with Family
When starting in business you want to use all the resources you can, and that includes family members if you have them and they’re ready ... -
5 Reasons to Become a C Corporation
Almost all small businesses in the U.S. are pass-through entities—sole proprietorships, partnerships, limited liability companies, and S corporations. When it comes to small businesses, of ... -
Free Speech in the Workplace
The First Amendment to the U.S. Constitution guarantees that the government will not interfere with the free exercise of religion or limit free speech. But ... -
Startup Ideas for Success: Get the Licenses and Permits You Need
When you go into business, the government is your silent partner in more ways than one. The government takes a chunk of your profits in ... -
9 Business Reasons to Use IT Automation
IT process automation is the use of digital technology to perform or process a workflow or function. The use of IT process automation is a ... -
What Does “Income” Mean for Tax Rules?
The word “income” is a generic term for the accretion to wealth. The word “income” connotes wages and earnings from self-employment. But for tax purposes, ... -
Pet Policy for Your Business
During COVID-19, many employees working from home got used to having their pets close by. After all, 70% of households have a pet. With employees ... -
Is It Work-Life Balance or Just Lifestyle?
Work-life balance is defined by Business Daily News as “the state of equilibrium where a person equally prioritizes the demands of one’s career and the demands ... -
What To Do If You Fall Behind in Tax Deposits
If you are an employer, you are required to deposit your employment taxes on a regular schedule that’s dependent on the usual amount of the deposit. ... -
Additional Taxes on Small Business Owners
There’s been much discussion about “taxing the rich” and making them “pay their fair share.” What may get lost in the discussion are the special ... -
Writing Off the Cost of Business Driving
Gas prices at the pump have nearly doubled in one year, causing severe strain on business budgets. This is especially so for businesses that are ... -
Recognizing the Achievements of Small Business Owners
“There are two things people want more than sex and money: recognition and praise.” -- Mary Kay Ash, Founder of Mary Kay Cosmetics Small business ... -
Think You Have an Excellent Business Idea? What to Do Next
An ingenious, original idea is a central part of any successful business. You may think you’ve come up with a brilliant new idea for a ... -
5 Economic Indicators that Frighten Small Businesses
Now may be the time for small businesses to hunker down and prepare for worse times to come. While the pandemic may no longer be ...
