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Less Is More in Recessionary Times
The saying “less is more” is attributed to Lugwig Mies Van Der Rohe, one the founders of modern architecture. He promoted simplicity of design. The ... -
You Pay Company Expenses: Who Takes the Deduction?
It’s common for business owners to pay various expenses from their own pockets. It just may be easy to do. But it can impact who ... -
5 Ways for Business Owners to Give Back
Starting a business usually requires full focus on company activities, leaving little time and money for just about anything else. But if you’ve become a ... -
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 ... -
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 ... -
Not Too Early for Year-End Planning
Early in the fourth quarter of 2021 is a good time to begin year-end planning. The sooner you get a jump on things, the more ... -
5 Ways Inflation May Impact Your Business
For the past decade, inflation has been very modest (only 1.23% in 2020, 1.81% in 2019, and 2.44% in 2018). But things are changing. In ... -
Recovery Strategies: Relaxing COVID-19-Related Practices?
On May 13, 2021, the CDC updated its mask guidelines, saying that fully-vaccinated people can resume activities they did prior to the pandemic and that ... -
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: Getting Help for Getting Through
The economy consistently changes. Sure, the current pandemic has created unprecedented challenges and an economic downturn for many businesses. At the same time, the current ... -
How to Compassionately and Legally Break Promises to Your Staff
At the end of February 2020, the federal unemployment rate was 3.5%. At that time, business owners were looking for ways to attract and retain ... -
Valentine’s Day in the Workplace: Do’s and Don’ts
Each year, February 14 presents a challenge for business owners. How much celebrating should be encouraged or barred? What dating policies are in place or ... -
Figuring Your Estimated Taxes for 2020
Business owners who are self-employed usually pay their taxes in four estimated tax payments for the year. The final installment for 2019 is due on ... -
10 New Year’s Resolutions
While few keep them, it doesn’t stop us from making them every year. Here are my 10 favorites for business owners. (This is an expanded ... -
Estate Tax Planning for Business Owners
The value of an ownership interest in a business may be worth a lot by the time an owner dies. For heirs, whether this interest ... -
Looking Ahead at Taxes for Self-Employed Individuals
Self-employed individuals Self-employed individuals are sole proprietors, independent contractors, partners, and members of limited liability companies. They’re business owners. They’re not employees, they don’t receive ... -
Developing Leadership Qualities: Being Openminded
George Bernard Shaw said: “Those who cannot change their minds cannot change anything.” Being able to change your mind is a quality of good leadership. ... -
Unraveling Conflicting Tax Rules for Active versus Passive Business Owners
It is commonly accepted wisdom that tax rules are complicated. This belief is well supported by the conflicting tax rules that apply to business owners, ...
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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.
