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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 ... -
Smartphones and Your Employees
Follow @BarbaraWeltman Most of us are now joined at the wrist to our iPhones and Androids, which is quite a phenomenon considering that the iPhone ... -
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 you’ve grown used ... -
Professional Employer Organizations: New IRS Certification Program
Follow @BarbaraWeltman So we all know that being an employer entails many tax and legal obligations. These include figuring and paying employment taxes, complying with ... -
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 ... -
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 Willard Bundy, ... -
Any Chance of Regulatory Relief?
Follow @BarbaraWeltman We all know the burden that government-mandated paperwork and red tape puts on small businesses. (If you don’t, just check out the 10,000 ... -
Writing Off Certain Costs the Easy Way
Follow @BarbaraWeltman Business owners know that just about every expense translates into a tax write-off. But the when and how for a particular expense can ... -
Higher Penalties for IRS Information Return Failures
Follow @BarbaraWeltman “We can lick gravity, but sometimes the paperwork is overwhelming,” said Wernher von Braun (father of the U.S. space program). That’s how small ... -
After the Supreme Court Decision on Obamacare
Follow @BarbaraWeltman On June 25, 2015, the U.S. Supreme Court upheld the Administration’s view about the Affordable Care Act (“Obamacare”) that subsidies (federal tax credits) ... -
Smart Ideas for Old Smart Phones
Follow @BarbaraWeltman Upgrading to newer smart phones periodically can help boost productivity for you and your staff. The majority of Americans do so every one ... -
News from the Supreme Court
Follow @BarbaraWeltman Each year the Supreme Court weighs in on only a limited number of cases. Two cases this year are of interest to small ... -
How Many Employees Do You Have?
Follow @BarbaraWeltman Under the Affordable Care Act, you can’t rely on a head count. You need to determine an average each month throughout the year ... -
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 NOT to Do When It Comes to Taxes
Follow @BarbaraWeltman A recent Tax Court decision highlighted all of the things that business owners shouldn’t do if they want to stay out of trouble ... -
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; ... -
Charitable Giving that Gives Back
As a small business owner with limited time and resources you can still find ways to support your favorite causes and reap personal, tax, and ... -
Gimme More Regulations!
Follow @BarbaraWeltman I can’t believe I’m saying this, especially since the federal government is issuing regulations at the rate of about 10 each day (somewhere ...
SMB Taxes
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.
