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Recession-Proofing Your Business: Handling Debt
On February 1, 2023, the Federal Reserve raised its interest rate by a quarter of one percent, making it the highest rate since October 2007. ... -
Supplement to J.K. Lasser’s Small Business Taxes 2023
This year’s book reflects the tax rules as they stood on December 1, 2022. But tax law is not static and new legislation, IRS pronouncements, ... -
3 Hidden Business Costs and How to Reduce Them
You know you have to pay the rent, your payroll costs, and many other obvious expenses. That’s because you have a bill, a contract, an ... -
Your Business GPS Plan
You’ve all heard of a business plan, and hopefully you’ve even done one for your business. But have you considered a business GPS plan? The ... -
Recession-Proofing Your Business: Making Strategic Plans
Each year for the past several years, I’ve run a series of articles throughout the year on a single main topic and this year will ... -
Cutting Payroll Costs without Cutting Payroll
As a recession looms, companies should be thinking about ways to reduce their overhead. There may be no need to take action now, but being ... -
Hold Your Annual Board Meeting: When, Where, and What to Do
Many businesses are in the midst of their busy season. Nonetheless, there’s a housekeeping matter that shouldn’t be overlooked. One of the requirements for corporations ... -
What to Do When You Don’t Get Paid
As recession creeps up, it’s likely that money owed to you may become harder to collect. Perhaps it’s outstanding receivables. Maybe you’ve loaned money to ... -
Startup Ideas: 5 Business Numbers to Watch Carefully
Understanding and monitoring your business’ financial information is critical to success. When starting a business, financial terminology may be confusing and the importance of mastering ... -
Repair or Replace? That Is the Question!
When you have machines that are continually breaking down, do you fix them or get new ones? When your vehicle experiences problems on a regular ... -
10 Ideas for Avoiding Waste
Benjamin Franklin said it best: “Waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and ... -
Writing Off Casualty or Disaster Losses for Your Business
September is National Preparedness Month and the theme this year from Ready.gov is prepare for disasters to create a lasting legacy for you and your ... -
Less Is More in Recessionary Times
The saying “less is more” is attributed to Lugwig Mies Van Der Rohe, one the founders of modern architecture. He promoted simplicity of design. The ... -
Is Now the Time to Buy an EV for Your Business?
Most small business owners use their personal vehicle for business driving. And some small businesses own vehicles used exclusively for company driving. If your current ... -
The Good, The Bad, and The Ugly in the Inflation Reduction Act
On August 12, 2022, Congress passed the Inflation Reduction Act (I.R.A.), a $739 billion measure intended to bring down inflation, encourage green energy activities to ... -
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 ... -
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 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 ...