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25 Ways to Cut Expenses
With inflation and rising prices, higher wages and employee benefits, and other pressures on profitability, it’s essential for small businesses to look carefully at ways ... -
Lending Money to Your Business: What to Consider
With the pandemic waning, the time for government assistance programs ending, and the economy growing, your business may need money now. Additional financing may be ... -
Getting a Handle on Your Business Expenses
While revenue is picking up for many businesses in 2021, profits won’t grow unless you have business expenses under control. This means knowing where your ... -
Recovery Strategies: Show Me the Money
The famous quote from Jerry McGuire …"show me the money"… is something that many small business owners are taking to heart these days. As a ... -
American Rescue Plan Act: What It Means to You
A $1.9 trillion measure —the American Rescue Plan Act (ARPA) —was signed into law on March 11, 2021. The key feature of the new law, ... -
How Much Should You Pay Yourself?
The topic of minimum wage is in the forefront to ensure that workers receive adequate compensation for the services they perform. For small business owners, ... -
Regulations in Limbo: What This Means for Small Businesses
On his first day in office, President Biden issued an executive order freezing for 60 days various federal proposed regulations as well as those finalized ... -
Recovery Strategies: Using Tax Credits to Hire and Retain Employees
“To win in the marketplace you must first win in the workplace.” Doug Conant, former President and CEO of the Campbell Soup CompanyYour staff is ... -
Worker Status and Changing Times
The pandemic has highlighted, but did not create, a growing diversity of worker status. There are a variety of employee types, from at-will hourly workers ... -
5 Last Minute Tips for W-2s and 1099s
The deadline for providing employees with their Form W-2 for 2020 and independent contractors who received at least $600 in 2020 with their Form 1099-NEC ... -
Recovery Strategies: 5 Issues for Long-Term Work-From-Home Policies
As has been our practice in the past couple of years, we’ve adopted a theme for a monthly blog. This year’s theme: Recovery strategies. When ... -
What’s New for Employee Benefits This Year?
The Consolidated Appropriations Act, 2021 (CAA), signed into law on December 27, 2020, changed some important rules impacting various employee benefits for 2021. With ... -
Company Support for Working Parents: Win-Win
According to a study by Maven and Great Places to Work, companies that provide support for employees with childcare responsibilities have 5.5 times the revenue ... -
Not Like Last Year’s New Year’s Resolutions
2020 began on a note of high optimism for small businesses. The NFIB Small Business Economic Trends in January 2020 showed an optimism rating of ... -
Preparing for Economic Changes: Closing Your Books for 2020
2020 has come to an end. If you are still in business, congratulations. The statistics on small business closures are grim. Yelp found that 60% ... -
Shoplifting: 5 Actions to Address the Problem
Last year, there were over a million shoplifting cases reported, with an average of $318 lost in each incident. But these are only the cases ... -
High-Purpose Cultures for Small Businesses
A study has shown that CEOs who emphasize culture over other success metrics will thrive. This is a great message at a time when many ... -
What Does Partnership and LLC Status Mean from a Tax Statistics Perspective?
A profile of partnerships and LLCs from a tax perspective A partnership is not a taxpaying entity, but files an annual tax return, Form 1065, ...
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.
