With National Small Business Week recently passed, it’s a good time to look at how business owners appear on their personal tax returns. The IRS’s … Read more about A Tax Portrait of Business Owners
The State of Small Business 2022
May 2-5, 2022, is National Small Business Week. It is a time to recognize the important contributions that small businesses make—to their families, … Read more about The State of Small Business 2022
Employers’ Tax Burden for Having Remote Workers
COVID-19 started a revolution in remote work arrangements. Initially, workers were forced to work from their homes because of government-mandated … Read more about Employers’ Tax Burden for Having Remote Workers
Startup Ideas for Success: Learning about Your Government-Imposed Responsibilities
When you start a business, your goal is to bring in revenue so you can meet your financial obligations (e.g., pay the rent, cover your marketing … Read more about Startup Ideas for Success: Learning about Your Government-Imposed Responsibilities
A Company Dating Policy?
Despite the persistence of the pandemic and the fact that some many employees continue to work remotely, Valentine’s Day is still a time for romance, … Read more about A Company Dating Policy?
Business Owners and their “Combat Fatigue”
Combat fatigue, according to the dictionary, is a psychological disturbance caused by prolonged exposure to active warfare, especially being under … Read more about Business Owners and their “Combat Fatigue”
Reporting Payments to Independent Contractors: 5 Things to Know
If you engage independent contractors and pay them in the aggregate $600 or more during the year, you must report payments to them and to the IRS. In … Read more about Reporting Payments to Independent Contractors: 5 Things to Know
Avoid the 5 Things that Drive Employees Out the Door
With the “Great Resignation,” in which 4.2 million employees quit their jobs in just October 2021, small business owners need to be smart about … Read more about Avoid the 5 Things that Drive Employees Out the Door
What You Can Do About Inflation
There’s no getting around it…high inflation is having an impact on small businesses. The historic average rate of inflation is between 2% and 3%. … Read more about What You Can Do About Inflation
Thanksgiving: Why Small Business Owners Can Be Thankful
The annual national holiday of Thanksgiving for many businesses is the official start of the holiday shopping season. For some businesses, this period … Read more about Thanksgiving: Why Small Business Owners Can Be Thankful
Escaping Federal Tax Penalties
Late with filing a tax return with the IRS? Didn’t correctly figure and pay what you owe? Did something you weren’t supposed to do? Don’t worry. While … Read more about Escaping Federal Tax Penalties
Why Are You in Business?
Today’s challenges to small business owners are immense. COVID-19 aside (which, of course, is hard to put aside), there are challenges from the … Read more about Why Are You in Business?
Recovery Strategies: Staying Positive
It’s axiomatic that small business owners are optimists who, as Winston Churchill said, “see the opportunity in every difficulty.” Why else would they … Read more about Recovery Strategies: Staying Positive
10 Easy No- and Low-Cost Ways to Spiff Up Your Home Office
More and more people are working from home. The pandemic introduced many workers and business owners to this environment and, with the ebbing of … Read more about 10 Easy No- and Low-Cost Ways to Spiff Up Your Home Office
Preparing for Economic Changes: Mindset Makes a Difference
Small business owners have been through a lot in the past months. Many have seen substantial declines in revenues, some have had to pivot their … Read more about Preparing for Economic Changes: Mindset Makes a Difference
