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Number One Problem Facing Small Businesses: Big Government
Follow @BarbaraWeltman That’s what the 1,500 small business owners said in response to a survey reported in the NFIB. More specifically, 22% ranked taxes and ... -
What IRS Statistics Say about Business Income
Follow @BarbaraWeltman The IRS's Statistics of Income Bulletin, Spring 2015 reports tax information for 2013. Overall it shows that the economy improved between 2012 and 2013; ... -
Penalty Relief Deadline for Small Retirement Plans Approaching
Follow @BarbaraWeltman Small qualified retirement plans must file annual returns in the 5500 series with the U.S. Department of Labor or face penalties unless the ... -
Another Step Forward for Crowdfunding
The JOBS Act of 2012 directed the SEC to create rules facilitating equity crowdfunding by small businesses. Essentially, this allows companies to raise capital from ... -
Quick Invoicing Increases Payment Odds
Follow @BarbaraWeltman Unless you get paid at the point of sale (POS), you have to bill for your goods or services and wait for payment. ... -
Health Coverage for Your Business: Debunking 5 Myths
Businesses with fewer than 50 full-time employees are exempt from the employer mandate under the Affordable Care Act ("Obamacare"). However, even these small businesses want ... -
Are You Ready for EMVs?
No, this is not a brand of car or model type. EMVs, which stands for Europay, MasterCard, and Visa, is a chip-and-pin technology for credit/debit ... -
Partnerships and LLCs: A Tax Perspective
Follow @BarbaraWeltman As in the case of sole proprietorships, the tax statistics on partnerships (including limited liability companies that file tax returns as partnerships) reflect ... -
Be Frugal to Become More Profitable: 25 Ways to Save
Benjamin Franklin stated in Poor Richard's Alamanack that "a penny saved is a penny earned" (the original use of the phrase precedes Franklin's publication). Being economical ... -
What to Do About Sec. 179 Uncertainty
Follow @BarbaraWeltman Here’s the catch-22 for businesses: in order to increase their capital good, equipment is necessary, but to get the equipment, businesses may lack ... -
What to Do with Savings from Declining Gas Prices: 5 Options
You've undoubtedly noticed that the price at the pump is dramatically lower (the lowest it's been since October 2010). The price drop means more money ... -
5 Financial and Tax Planning Things to Do Right Now
Follow @BarbaraWeltman The clock is ticking and the year is winding down. Don’t let December 31 take you by surprise. Act now to solidify your ... -
Budgeting for 2015
It's that time again when most businesses start to create their budgets for the coming year. To do this, you need to estimate where you ... -
How Much Money Does It Take to Start a Business in America Today?
With Labor Day behind us, some people may be thinking that being a worker is not as rewarding as being a business owner. They may ... -
4 Things to Know about Health Insurance for 2015
While small businesses aren't required by federal law to have coverage for their staff, most want to offer coverage if they are financially able to ... -
A Minimum Wage Increase and Small Business
The federal government raised the minimum wage that federal contractors must pay to its workers and the Administration is pushing for a national minimum wage ... -
Rising Interest Rates and Your Business
The Federal Reserve has indicated that rates will be rising, albeit very slowly. What do rising interest rates mean for you? BorrowingThe most obvious and ...
SMB Financial
Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.
