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?
The Go-To-Tax Guide for Small Business Owners and Their Advisors
For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to-tax-guide for owners and their tax advisors. The J.K. … Read more about The Go-To-Tax Guide for Small Business Owners and Their Advisors
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
Tax Changes from COLAs for 2021
Due to cost-of-living adjustments (COLAs), various limitations and amounts used for tax deductions, credits, and other purposes, the tax rules for … Read more about Tax Changes from COLAs for 2021
Payroll Tax Issues for Remote Workers
Telework was a growing practice before the pandemic. With stay-at-home orders, the number of employees working remotely skyrocketed. Even as these … Read more about Payroll Tax Issues for Remote Workers
Taking Care of Yourself
The pandemic is hard on everyone. Business owners should be especially mindful of self care so they can continue to run their companies and help their … Read more about Taking Care of Yourself
Business Responsibilities for Unclaimed Property
Each state has rules under which unclaimed property “escheats” to the state. This legal term means property is turned over to the state and the state … Read more about Business Responsibilities for Unclaimed Property
What to Consider Now as You Prepare Your 2021 Budget
It’s that time again...time to prepare your budget for the coming year. This is an annual chore that should not be overlooked or delayed. As noted in … Read more about What to Consider Now as You Prepare Your 2021 Budget
