Many small businesses do some or all of their transactions in cash. This raises some special issues and concerns. Technically, being paid in cash … Read more about Special Tax Concerns for Cash Businesses
J.K. Lasser’s Small Business Taxes 2016
This is my perennial tax book. I know it’s not a page turner like The Survivor (currently #1 on the New York Times best seller list) or Life and Other … Read more about J.K. Lasser’s Small Business Taxes 2016
Accounting for T&E Expenses
Most small businesses incur travel and entertainment costs. They travel to see vendors, attend trade shows, and meet with customers and clients. If … Read more about Accounting for T&E Expenses
Fixing Compensation Packages in Light of Audit Technique Guides
Follow @BarbaraWeltman Compensation today is more complicated than in the past. It’s no longer confined to a paycheck and a fringe benefit or … Read more about Fixing Compensation Packages in Light of Audit Technique Guides
Do We Need a National Disaster Tax Relief Act?
Follow @BarbaraWeltman Looking at pictures of the floods in Charleston, SC, and elsewhere earlier this month made me think about my horrendous … Read more about Do We Need a National Disaster Tax Relief Act?
NOLs: Waive the Carryback?
Follow @BarbaraWeltman If your business sustains losses, you may be eligible for a net operating loss (NOL). In most cases, the NOL is carried back … Read more about NOLs: Waive the Carryback?
Fed’s Decision on Rates: Impact on Small Businesses
Follow @BarbaraWeltman On September 17, the Federal Reserve announced that it would not increase interest rates. There’s been no increase since the … Read more about Fed’s Decision on Rates: Impact on Small Businesses
Getting Ready for Chip Cards Revisited
Follow @BarbaraWeltman Last April, I wrote about getting ready for EMV cards. (EMV stands for Europay, Mastercard, Visa.) As a reminder, starting … Read more about Getting Ready for Chip Cards Revisited
Protecting Your Brand
Follow @BarbaraWeltman Michael Jordan sued a grocery store that used his image in a promotion without his permission. As a billionaire, he … Read more about Protecting Your Brand
Get Ready for Changes in Filing Deadlines and Extensions
Follow @BarbaraWeltman As a business owner, you face various tax filing requirements. Different dates apply for different tax forms. While the dates … Read more about Get Ready for Changes in Filing Deadlines and Extensions
Tax Deduction with No Cash Outlay?
Follow @BarbaraWeltman That’s right! Usually you get a tax deduction only if you spend money on something for your business. But under a special rule … Read more about Tax Deduction with No Cash Outlay?
How to Get Entrepreneurship Moving
Follow @BarbaraWeltman The economy may be good for some sectors (the government reported that GDP increased an annual rate of 2.3 percent in the … Read more about How to Get Entrepreneurship Moving
Time Cards for Owners?
Follow @BarbaraWeltman The time clock, which enables employers to verify the time employees start and leave the job, was invented in 1888 by … Read more about Time Cards for Owners?
Are You Going to Pay More for Broadband?
Follow @BarbaraWeltman That’s the concern expressed by the SBA’s Office of Advocacy in a letter it sent to the Federal Communications Commission … Read more about Are You Going to Pay More for Broadband?
How Many Hours in Your Workweek?
Follow @BarbaraWeltman Americans are hard workers, according to one article, with employees averaging 34.4 hours per week. This average includes … Read more about How Many Hours in Your Workweek?
