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Inflation Help: 25 Ideas on Cutting Business Expenses
Inflation is making it costlier to do business. Many small businesses are reluctant to raise prices or hike them high enough to maintain their profit ... -
Retirement Plans: Voluntary or Mandatory?
As a small business, it is up to you to choose to have a retirement plan or must you do so? The legal answer is ... -
Second Anniversary of the COVID-19 National Emergency: What Small Business Has Learned
On March 13, 2020, the President declared COVID-19 to be a national emergency. This was the start of shutdowns and, according to the SBA’s Office of ... -
Buy or Lease Vehicles and Equipment: Which Option Is Better?
In the market for a new truck for your business? Need expensive equipment now? Should you buy it or lease it? There’s no right answer; ... -
Business Owners Need to Plan for Personal Catastrophe
Much emphasis is placed on business planning and what a business should do if there’s a catastrophe. Hopefully, business owners have done this in the ... -
Startup Ideas for Success: Finding Money
You may have a great idea for a business. It may be just the thing to solve a problem. Maybe you’re on a mission to ... -
Supplement to J.K. Lasser’s Small Business Taxes 2022
The pandemic triggered numerous changes in tax law as reflected in the book. But tax law is not static and new legislation, IRS pronouncements, and ... -
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2022
Tax law is not static and new legislation, IRS pronouncements, and court decisions continue to tweak tax rules. They affect reporting on 2021 returns as ... -
6 Financial Management Tips for Entrepreneurs
The ongoing COVID-19 pandemic has sparked an uptick in the number of entrepreneurs and companies entering their respective industries. More and more people are starting ... -
Making Changes Now to Your 401(k) Plan
One of the most popular types of qualified retirement plans for businesses large and small is the 401(k) plan. It is funded mainly by employees ... -
Assessing 2021: Good Year or Bad for Your Business?
Whether the past 12 months have been profitable or not, one thing you surely can say is that it hasn’t been dull. The past year ... -
Recovery Strategies: Building Reserves to Protect Your Business in the Future
It’s understandable that many small businesses continually play catchup. They’re usually in a constant state of troubleshooting and often find themselves without the resources they ... -
What Is Fintech and How Can It Help Your Business?
Fintech is shorthand for financial technology. It refers to a type of technology that any business can use to enhance, streamline, or automate financial services ... -
What You Can Do About Inflation
There’s no getting around it…high inflation is having an impact on small businesses. The historic average rate of inflation is between 2% and 3%. Since June ... -
J.K. Lasser’s Small Business Taxes 2022: What's New and What's Ahead
For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their tax ... -
Choosing a Retirement Plan for 2022
There are several compelling reasons why you should have a retirement plan for your business. It helps you and your employees save for retirement on ... -
Tax Breaks for Investing in Small Corporations
During the government’s 2020 fiscal year (ending September 30, 2020), there were 1.8 million C corporations and more than 5 million S corporations. While we don’t ... -
What About Raising Your Prices Now?
Supply chain shortages. Inflation (which grew in May at an annualized rate of 5%). Higher wages to fill job openings (up in April and May ...
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.
