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Coronavirus: What It Means to Your Business
Pandemics—the worldwide spread of a new disease—have had profound effects on society and, as a result, on business. The current coronavirus is raising concerns around ... -
Preparing for a Recession
Why would you consider thinking about a recession when we’re in the middle of a boom economy? Because every boom is followed at some time ... -
When Hobby Activities Are Businesses
The Treasury Inspector General for Tax Administration released a report that chided the IRS for losing more than $70 million by not correctly identifying hobby activities ... -
Shakespeare on Business
April 23 is the 400th anniversary of William Shakespeare’s death. In his plays and sonnets, surprisingly he had a lot to say about business. ... -
Spring Cleaning for Your Business
Now that Spring has arrived, it’s a good time to clean house. This action can make you more efficient and save you money as well. ... -
Is Your Business Your Personal Pocketbook?
One of the first pieces of advice I give to those just starting a business is to separate your personal and business finances. Set up ... -
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 ... -
Hiring Practices: Does Age Really Matter?
Follow @BarbaraWeltman The law prohibits job discrimination based on age, but we may harbor some preferences that influence our actions. A recent U.S.A. Today article ... -
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; ... -
Why You Need to Stay in Your State’s Good Graces
Follow @BarbaraWeltman Corporations and limited liability companies (LLCs) are creatures of state law. While entity choices may have federal tax law implications, it is state ... -
The Weather: Impact on Your Business
Follow @BarbaraWeltman Your location has a tremendous impact on the viability of certain businesses and conditions you experience. Regardless of where you fall on climate-change ... -
Valentine’s Day at Your Business
Follow @BarbaraWeltman For some small businesses, such as jewelry stores, restaurants, flower shops, candy shops, and card stores, Valentine’s Day (a Saturday this year) means ... -
The Entrepreneur Track
Follow @BarbaraWeltman When I was in high school in the mid-60s, the New York City school system had three tracks: academic (for those planning to ... -
Good Wishes
Follow @BarbaraWeltman Today is a federal holiday in the U.S. and a religious holiday for many people around the world. It’s a time to express ... -
Being Grateful: A Business Perspective
Follow @BarbaraWeltman On this Thanksgiving Day, there are many things to be grateful for. Family, friends, good health, and freedom top my list. Thinking about ... -
Great Advice to Run Your Business By
I’ve been in business for a long time and over the years I’ve received wonderful advice from some respected people. I’ve followed this advice and ...
Tag: business
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.
