December 1, 2022 -- Volume 21, No. 12
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and
#1 New Releases on Amazon!
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J.K. Lasser's Small Business Taxes 2023: A Book Review
For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their tax advisers. The 2023 edition for preparing 2022 returns as well as tax planning for 2022 has been updated to incorporate changes from the Inflation Reduction Act as well as other new laws, court decisions, and IRS pronouncements. As has been my practice, I’ve written my own book review to explain the purpose of the book, what’s new, and what’s ahead. Read More
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How Important Is ESG to Small Businesses? |
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How does your company measure up when it comes to environmental, social, and governance (ESG) performance? For publicly-traded corporations, ESG is a big deal and is clearly disclosed on their SEC filings (quarterly 10-Gs and their annual 10-Ks). How important is ESG to small businesses? A national survey from Fordham University found some very interesting results. Read More
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Lining Up Your Employee Benefits Programs for 2023
Bank of America’s 2022 Workplace Benefits Report found employers play an important role in their employees’ financial wellness. ...Offering financial wellness support can lead to more employee satisfaction, more company loyalty, more engagement, greater productivity, and stronger job performance. Read More
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Tax Credit Refunds -- What to Know
Tax credits are a dollar-for-dollar reduction of taxes owed. Some credits offset income taxes; others offset employment taxes. Some credits are part of the general business credit and subject to an annual limitation; others are fully refundable (they can be recouped in excess of what taxes are owed).
The following will help you ask the right questions. Read More
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Startup Ideas: 5 Business Numbers to Watch Carefully
Understanding and monitoring your business’ financial information is critical to success. When starting a business, financial terminology may be confusing and the importance of mastering it and staying on top of your numbers may be challenging. Here are some key numbers to know and watch. Read More
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Thanksgiving Holds Special Significance for Business Owners
The annual national holiday of Thanksgiving for many businesses is the official start of the holiday shopping season. For some businesses, this period represents their peak sales for the year. But there are many reasons why I’m grateful to be a small business owner in the U.S. Read More
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Veterans as Entrepreneurs and Business Owners
November 11 was Veterans Day and October 31 through November 4, 2022, was National Veterans Small Business Week. According to the SBA, veterans own 5.6% of businesses in the U.S. There were 1,421,000 nonemployee firms and 1,758,934 employee firms. These figures are roughly in line with the 5.6% of the U.S. population that identify as veterans. Read More
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What to Do When You Don't Get Paid
As recession creeps up, it’s likely that money owed to you may become harder to collect. Perhaps it’s outstanding receivables. Maybe you’ve loaned money to an employee, a vendor you’ve known for years, or a business associate. What can you do?. Read More
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Election Results: Impact on Your Workplace and Your Business
November 8th was Election Day. Who knows what impact a new Congress will have on your business; it’s too early to tell. But voters across the country approved a number of provisions on the state and local levels that could affect your workplace. Here are some areas to explore in your location. Read More
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November's Featured Guest Blog |
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5 Ways Intelligent Automation Will Benefit Your Employees
by Shannon Flynn
Intelligent automation is already a powerful force in our everyday lives. Computers remember our passwords, phones are starting to use facial recognition, and social media apps adjust their algorithms based on our activity. With many people working from home or quitting in the Great Resignation, robotic process automations (RPAs) are more relevant in the workplace than ever. RPAs won’t solve the labor crisis, but they can pick up the slack of the lost workers and help the employees who remain. Read More
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Hear My New Interview on Influencers in Accounting |
Hear my answers to key questions about how accountants can better handle change.
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Are You an Online Contractor? Here's What the DoL Thinks
When a company needs to scale up to meet growing demand or outsource specialized work, it may either hire an employee or engage an independent contractor. As a rule of thumb, it costs about 30% more to hire an employee, due compensation costs, as well as payroll taxes, insurance, and benefits. Many times it just makes practical sense for a business to utilize the services of an independent contractor.
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Last Minute Tax Actions for 2022
The year is almost over, but there’s still time to take actions that can reduce your 2022 tax bill. The first thing is to meet with your CPA or other tax adviser. Consider discussing the following with your tax adviser:
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Hear this 5 in Five Podcast
with Brian Moran on The Small Business Edge Podcast
Talking Taxes & Benefits with Barbara Weltman
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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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More 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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and
The Uber/Lyft Driver Tax & Business Guide
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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A Brand New Free e-Book for Our Subscribers!
"Innovative Ideas for Surviving a Recession and Avoiding Future Problems in Your Small Business"
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 for my blog to be recognized as a "must-read" for Small Business!
Included in the 2022 FeedSpot list --
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