FBAR (Report of Foreign Bank and Financial Accounts) The government filed a lawsuit against a person seeking $4 million in penalties for his failure … Read more about FBAR Reporting for Business Accounts
Business Owner’s Planning for Personal Catastrophe
You can’t know in advance when a personal catastrophe—serious illness or accident to you or a close family member, a divorce, or a death in the … Read more about Business Owner’s Planning for Personal Catastrophe
Understanding Government Notices to Your Business
It can happen. You receive an official-looking letter from a government agency or a court filled with a lot of legalese. What do you do? Identify … Read more about Understanding Government Notices to Your Business
5 Tax Recordkeeping Tricks for Vehicle and Travel Costs
One of the most tedious chores for a business is keeping all required records related to a vehicle and business travel. These records are needed for … Read more about 5 Tax Recordkeeping Tricks for Vehicle and Travel Costs
Employer Obligations to Employees Following a Disaster
Julia Child said: “Any disaster is a learning process.” With Hurricane Dorian recently behind us, it’s a good reminder about being sure to understand … Read more about Employer Obligations to Employees Following a Disaster
Developing Leadership Qualities: Being Openminded
George Bernard Shaw said: “Those who cannot change their minds cannot change anything.” Being able to change your mind is a quality of good … Read more about Developing Leadership Qualities: Being Openminded
Record Retention: When Is Enough?
“What the world really needs is more love and less paperwork,” said Pearl Bailey. Of course, she was right. But the government doesn’t see it that … Read more about Record Retention: When Is Enough?
Salary History: Can You Ask?
What about a job applicant's salary history? Labor Day is the time to celebrate the American worker. One of the issues that has come to the forefront … Read more about Salary History: Can You Ask?
Make Your Holiday Plans Now
Holiday sales are expected to grow, so be prepared If you’re planning to take a vacation or travel to see family at holiday time, it’s a good idea to … Read more about Make Your Holiday Plans Now
Is Bitcoin Right for Your Business?
Introducing Bitcoin Bitcoin, which began in 2008, has entered the vernacular. It’s not the only virtual currency out there, but it’s the one that … Read more about Is Bitcoin Right for Your Business?
The Minimum Wage Conundrum: What Can You Do?
Small businesses consider their options in the face of rising minimum wage rates Currently, the federal minimum wage is $7.25 hour. But many states … Read more about The Minimum Wage Conundrum: What Can You Do?
What Are ARPs and How Do they Work?
The U.S. Department of Labor issued a final rule that will expand accessibility of affordable retirement plans to small businesses. The rule, which … Read more about What Are ARPs and How Do they Work?
10 Things to Know about Bonus Depreciation
To run your business efficiently, you need good equipment and machinery. You may want to add to or replace what you have now. Newer versions usually … Read more about 10 Things to Know about Bonus Depreciation
Are You Engaged in Social Entrepreneurship?
What is social entrepreneurship? According to Shopify, social entrepreneurship is doing business for a social cause. It could be called altruistic … Read more about Are You Engaged in Social Entrepreneurship?
Developing Leadership Qualities: Grit
Is Grit a Vital Leadership Quality? Several months ago I read Grit: The Power and Passion of Perseverance by Angela Lee Duckworth, Ph.D. and a … Read more about Developing Leadership Qualities: Grit
