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National Small Business Week 2017 runs from April 30 to May 6, 2017, with activities running from Monday (May 1) through Friday (May 5). This event presents a wonderful opportunity for all to celebrate small businesses in the U.S.
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4 Steps to Better Payment Processing
Selling is one thing, but getting paid is quite another. The aim for small businesses is to collect payments as quickly as possible with as little cost to do so. You don't want to become a banker for your customers, extending them credit and then trying to collect. Use payment options that put cash in your hands immediately upon a sale or the performance of services. Here are four ideas for you.
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Advancing Funds to Your Corporation: Loans or Capital Contributions?
Many small businesses depend on infusions of cash from their owners in order to meet cash flow needs or finance expansion plans. The infusions can be nominal, such as small sums needed to meet an unexpected emergency, or can be substantial, as a way to start a business. How the advance is treated by the owner and the business impacts tax treatment. The IRS and courts apply heightened scrutiny to advances in the context of closely-held corporations. Why it matters ...
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Shorter Work Days to Increase Profits?
What can shorter hours mean to your company?
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Your Personal and Business Credit Scores
Large businesses rely on the credit ratings of their companies. Small businesses usually have to rely -- in whole or in part -- on the credit scores of their owners. Consequently, having a good personal credit rating is essential for commanding access to loans for business at favorable rates. But business credit scores shouldn't be ignored.
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Tomorrowland in the Workplace
When I started my business in the early 1980s and bought a desktop computer and fax machine, I thought technology had reached a pinnacle. Then came the Internet, smartphones, and tablets. Now there are new technology developments impacting the workplace. Often technologies are first used by large companies, but it doesn't take long for adoption by small businesses. Here are some technology developments that may soon be in your workplace.
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Settling Up with the IRS
Even though audit rates are at historic lows - just 0.7% overall in the government's 2016 fiscal year - you may be the unlucky taxpayer to fall under the IRS's microscope for examination. A small business owner has better things to do with his or her time and money than deal with tax controversies. Hassling over taxes costs a business owner personal time and considerable professional fees. Anything that can be done to expedite a resolution and avoid the need to litigate is a valuable option. Here are some options to consider.
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I'm Honored and Grateful for the Ongoing Recognition of my Blog!
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Some of the most recent awards include:
Top 25 Small Business Influencers and Experts You Need to Follow (by Emerge)
Best Small Business Blog 2017 (by FitSmallBusiness.com)
Top Small Business Blogs of All Time (by Loyverse)
Top 100 Small Business Blogs on the Web (by Feedspot)
Best Small Business Blogs 2017 (by MarketInspector.com)
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Qualified Small Business Stock: What Is It and How to Use It
Imagine owning stock in a company where the price appreciates greatly, you sell it, and pay no tax on your profit. That's what can happen with qualified small business stock (QSBS). Also referred to as Section 1202 stock because that's the section in the Tax Code that governs it, QSBS can be a significant planning tool for the right company, such as a tech startup.
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Outside-the-Box Travel Expenses -- What's Deductible?
Most small business owners incur, to a greater or lesser extent, travel expenses for their business. You probably know how to treat the most common costs - hotel rooms, airline tickets, business meals - but there are a slew of other
travel-related costs that you may incur. Some are
deductible and some are not. Here's a rundown.
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How to Handle Financial Information about Job Applicants
Individuals with financial troubles can create problems in the workplace. They may be preoccupied with their personal woes and unable to concentrate on work. They may be tempted to steal from the company in an attempt to solve their own financial issues. But can you factor their personal financial situation into a hiring decision?
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Hear My Recent Radio Conversations with Featured Guests:
Nait Patel,
Co-founder/Co-CEO of ShouldISign.com, a company on a mission to streamline access to legal services for startups and small businesses,
offers his solution for connecting small businesses looking for legal help with pre-vetted attorneys.
Jeff Zbar,
Chief Home Officer, a home-based writer, consultant, and
author of 4 books on entrepreneurship and home officing, discusses micro-enterprise resilience and how isolation can harm business, marketing, and entrepreneurial endurance.
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J.K. Lasser's Small Business Taxes 2017
Yes, technically the official tax season has ended.
As a small business, however, critical tax issues face you all year long, and many questions continue to surface. Tax planning is essential, as you know, to achieve "a better bottom line." That's why this book is here for you today ... to help you, as a small business owner, stay informed and to offer solutions for your year-round tax-planning needs.
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You don't want to miss out!
"100+ Big Ideas for Your Small Business"
And, releasing soon ... a newly-revised version, "
150+ Big Ideas for Your Small Business, 2017 Edition" -- watch for details!
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May, 2017 | Copyright
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Big Ideas for Small Business, Inc.
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