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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 ...
