Big corporations have departments for various aspects of their business, such as departments to handle legal, accounting, IT, and HR. They also have a board of directors to advice and vote on certain corporate activities, such as whether to take loans, buy property, offer fringe benefits, and expand into new locations and new markets. Small businesses don’t have all of these advisers on hand. They have to assemble a team of advisers that they can call upon as needed or work with on a regular basis. Read More

If your business is a sole proprietorship, partnership, limited liability company, or S corporation—all pass-through entities—you report your share of business net income or loss on your personal federal tax return. Being a pass-through owner has its rewards…and punishments. Read More

Most small business owners use their personal vehicle for business driving. And some small businesses own vehicles used exclusively for company driving. If your current car, truck, or van is aging, is now the right time to buy an electric-powered vehicle (EV) or a plug-in electric-powered vehicle (PHEV)? There are many considerations to factor in—pricing, tax breaks, and concerns about your carbon footprint.  Read More

September was National Preparedness Month and the theme this year from Ready.gov was prepare for disasters to create a lasting legacy for you and your family. Said another way with respect to your business…prepare so your business lasts...but the reality is that many small businesses don’t have enough coverage and will sustain financial losses as a result of a casualty event or disaster. Here's what this means taxwise. Read More

When you have machines that are continually breaking down, do you fix them or get new ones? When your vehicle experiences problems on a regular basis, do you replace it with a newer model? When property is damaged during a fire or natural disaster, will insurance pay to replace or only repair?

The saying “less is more” is attributed to Lugwig Mies Van Der Rohe, one of the founders of modern architecture. He promoted simplicity of design. The concept of simplicity may be a good one in this period of recession. Simplicity in your business can give you more time to do needed activities, reduce stress, and help you weather the economic challenges faced today. Read More

Each year the SBA’s Office of Advocacy releases a Small Business Profile showing information about small businesses in each of the states, U.S. territories, and the nation as a whole. Here are some of the most interesting findings of this year’s release on the national profile of small business.

This year Labor Day in the U.S. falls on September 5th. It is a federal holiday created in 1894 in response to unions’ urgings. This year marks the 20th annual World Day Against Child Labor. Labor Day is also the unofficial end to summer, with children returning to school, summer vacation spots closing up, and people preparing for the rest of the year. My thoughts as we celebrate Labor Day this year: Read More

should subscribe to as a business owner and what they’ll offer. "

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