A monthly roundup of our top stories:
SMB Taxes 2018
J.K. Lasser's Small Business Taxes 2018: Your Complete Guide to a Better Bottom Line

This is the small business owner's ultimate guide to a money-saving, stress-free tax season.  Get your copy from Amazon today! 

Note: The FREE, online Supplement to the book has been published on my web site here. It includes revisions made by the Tax Cuts and Jobs Act and other tax changes.

What Should You Pay Yourself?

As a small business owner, you run a business to create something, but you also need to support yourself. So deciding what to pay yourself is a difficult question; it's mired in personal, tax, and financial considerations. Let me lay out these considerations for you.

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Tax Preparation Challenges for Small Businesses

According to survey results from Staples, more than half of small business owners view tax preparation as complicated and, surprisingly, nearly 50% handle their business taxes on their own. Part of the challenge as I see it stems from two things: (1) confusion about tax rules and (2) disorganization.

Freelance
Freelancers: Challenges and Solutions

According to Upwork's Freelancing in America: 2017, 57.3 million Americans (36% of the U.S. workforce) are freelancing. Freelancers contribute an estimated $1.4 trillion to the economy each year, and the numbers are growing. It's predicted that the majority of the U.S. workforce will be freelancers by 2027.  Freelancers experience challenges that employees do not. But there are solutions to these challenges. As someone who's essentially been a freelancer for 35 years, here are some of my ideas about these solutions.

Celebrations in the Workplace

Birthdays, promotions, retirements ... there's always an occasion to celebrate. There are some compelling reasons for companies to encourage these celebrations in the workplace, but there are some issues to keep in mind.

Current Wall Street Employment Practices that Main Street Should Note 

Unemployment is at record lows, the job participation rate is the best it's been in years, and companies large and small are competing for workers to fill their job openings. Large firms that will reap the benefits of a dramatic tax cut beginning on 2018 returns are taking certain actions. Can you or should you do the same?

Does Your Business Have the Flu
Does Your Business Have the Flu?

A business can't get the flu -- only people can. And this flu season has been a doozy so far and isn't expected to subside anytime soon. There have been misery and even deaths for those who've caught the illness. And one report predicts that when it's over, the flu will have cost U.S. businesses more than $9.4 billion in lost productivity.
What can you do in your business to minimize the impact of the flu on your staff and your bottom line?

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Black History Month and One Female Entrepreneur

Sarah Breedlove, who would later take the name of Madam C. J. Walker, was born in Louisiana on December 23, 1867; her parents were former slaves. Though orphaned at age 7 and lacking education, she created a hair and scalp formula for Black women, which led to a cosmetics empire. 

5 Tax Preparation Tips

Yes, it's that time again when you must file a tax return for your business and yourself. Whether you do this on your own or rely on a tax professional, preparing your tax return and meeting other tax obligations at this time of the year still entails work on your part. Here are 5 tips to help you in this filing season.

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I'm honored and grateful for the ongoing recognition of my blog; recently included in the  Top 20 Global Small Business Blogs 2018

5 Reasons to Hire Your Child

Nepotism--the practice of using power or influence to favor relatives-has a poor connotation. However, when it comes to your business, it may just be a great idea, especially in today's environment. Here are 5 reasons why.
Your Planning Strategies Now in Light of New Tax Law

With the Tax Cuts and Jobs Act of 2017 making dramatic changes in many tax rules, business owners should be asking themselves how to plan for the future. What do the changes mean for the short term and for the long term? Here are some planning strategies to consider in light of the new law.
Attention: 10 Essential Tax Deductions for Your Small Restaurant

According to the National Restaurant Association, there are more than 1 million restaurants, 7 in 10 of which are single-unit operations. Restaurants employ more than 14.7 million workers, with 9 in 10 restaurants having fewer than 50 employees. It's expected that 1.6 million new restaurant jobs will be created by 2027. These are heady statistics and indicate that many restaurant owners are small businesses; all are concerned with what they can write off to minimize the revenues that are taxed. Here are the top 10 tax deductions for restaurant owners:
Hear My Recent Radio Interview  with Douglas Goldstein

Plan Ahead to Make the Most of Your Cash Flow
Plan Ahead to Make the Most of Your Cash Flow
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150+ Big Ideas for Your Small Business

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March, 2018 | Copyright © Big Ideas for Small Business, Inc.