August 1, 2022 -- Volume 21, No. 8
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Additional Taxes on Small Business Owners
There’s been much discussion about “taxing the rich” and making them “pay their fair share.” What may get lost in the discussion are the special taxes already being levied on certain higher income taxpayers—which include many small business owners—in addition to regular federal income tax. Read More
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Is It Work-Life Balance or Just Lifestyle? |
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Work-life balance is defined by Business Daily News as “the state of equilibrium where a person equally prioritizes the demands of one’s career and the demands of one’s personal life.” There’s been a big emphasis on remote work arrangements as a way to improve work-life balance for employees, especially for those with children and responsibilities outside of work. Read More
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What Does "Income" Mean for Tax Rules?
The word “income” is a generic term for the accretion to wealth. The word “income” connotes wages and earnings from self-employment....If you want to do tax planning, it’s helpful to understand how “income” impacts what you’re trying to accomplish. Read More
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Pet Policy for Your Business
During COVID-19, many employees working from home got used to having their pets close by. After all, 70% of households have a pet. With employees returning to the workplace, some want to have their pets with them. And customers are out and about with their pets. Can you or should you permit pets in the workplace? Read More
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5 Reasons to Become a C Corporation
Almost all small businesses in the U.S. are pass-through entities—sole proprietorships, partnerships, limited liability companies, and S corporations. These entities have been touted as a way to avoid double taxation. ...But in today’s tax and economic environment, are pass-throughs the best entities to use for conducting business? Should pass-throughs consider switching to C corporation status? Read More
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What to Do if You Fall Behind in Tax Deposits
If you are an employer, you are required to deposit your employment taxes on a regular schedule that’s dependent on the usual amount of the deposit. Most small businesses are on a monthly deposit basis, which requires employment taxes to be deposited by the 15th day of the following month. But what happens if you fall behind because you lack the funds to make the deposit? Read More
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Free Speech In the Workplace
The First Amendment to the U.S. Constitution guarantees that the government will not interfere with the free exercise of religion or limit free speech. But we know that there are limits. The question for private employers is how these constitutional protections square with business policy. When and to what extent can an individual’s First Amendment rights be curtailed within the workplace? Read More
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Startup Ideas for Success: Get the Licenses and Permits You Need
When you go into business, the government is your silent partner in more ways than one. The government takes a chunk of your profits in the form of taxes. The government tells you what you can and cannot do (the rules and regulations applicable to your industry and location). And the government requires that you have certain licenses and permits to operate legally.
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July's Featured Guest Blog |
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9 Business Reasons to Use IT Automation
by Cristi Waterson
IT process automation is the use of digital technology to perform or process a workflow or function. The use of IT process automation is a growing trend. According to one report last year, 63% of small and mid-sized businesses said automation allowed their company to quickly pivot as a result of the pandemic—whether it was bringing their goods and services online or changing their business model completely. There are many good reasons for this. Here are some to consider. Read More
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In the Wake of Wayfair: Sales Taxes and Small Business
It had been a long-standing rule that sellers were required to collect and remit sales tax on transactions only in states in which they had a physical presence, such as an office or warehouse. In 2018, the U.S. Supreme Court in South Dakota v. Wayfair upended this rule and replaced it with an economic nexus rule. This gave the okay for states to require remote sellers to collect and remit sales tax on transactions within their borders.
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Hidden Traps of Using Remote Workers
Remote work arrangements, which began as temporary solutions during the pandemic, are permanent for many companies. There are now three times more remote jobs than in 2020. These arrangements can be a win-win for companies, employees, and communities. ... But there are some cautions for employers. Don't overlook any of the following:
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How to Set a Pet Policy for Your Business
Want to let employees returning to the office bring their pandemic pets with them? Here are some tips.
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Hear My Recent Radio Conversation
on The Pre W. Smith Show
with Jeff Sloan
On this segment of "The Pre W. Smith Show," Barbara Weltman talks with Jeff about the five most impactful economic indicators.
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Honored to be Included in this
NEW 2022 FeedSpot list!
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"We’ve rounded up the top seven newsletters you
should subscribe to as a business owner and what they’ll offer. "
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I'm delighted and honored to be included in this list.
Building a successful business is tough, but you’re not alone. Follow these 10 women entrepreneurs for smart tips, tools, and resources.
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Also, honored to be featured in this LinkedIn article:
"SMB Insights on Tap: 8 Experts to Follow"
You can learn more and discover some great resources in this article.
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Helpful Resources You Won't Want to Overlook! |
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500+ Big Ideas for Your Small Business
Ideas You'll Use Everyday!
Whether you’re a seasoned entrepreneur or just starting out, you’ll find actionable ideas to help you with your finances, your operations, your staff, your marketing, your taxes, your technology, your environment, and your personal growth. (Find it on Amazon for $3.95)
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Stay informed as you prepare your year-round tax planning with these best-selling tax books on Amazon. |
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by Barbara Weltman and Harvey Bezozi
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(Paperback Edition)
Top industry leaders share their secrets for turning pain into profit!
by Barbara Weltman
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The latest e-book for subscribers!
Free to download when you subscribe to our mailing list. Spread the word - tell your friends!
Note: Regular subscribers, no worries, you won't receive duplicate mailings if you download the new e-book.
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Honored that my blog continues to be recognized for its relevant and constructive content! |
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