A roundup of our top stories!

January 1, 2022 -- Volume 21, No. 1

Using Remote Workers: The Good, The Bad, and The Ugly

Post-pandemic, remote work arrangements are here to stay. The 5th Annual State of Remote Work 2021 from Owl Labs found that nearly 50% of workers in the U.S. would be willing to take a 5% pay cut to continue working at least part-time from home. And employers are embracing this arrangement too. There are several good reasons for doing this, but unfortunately there are some pitfalls to consider. Read More

Recovery Strategies: Building Reserves to Protect Your Business in the Future

It’s understandable that many small businesses continually play catchup. They’re usually in a constant state of troubleshooting and often find themselves without the resources they need. With the economic challenges today—supply chain issues, labor shortages, and inflation—it’s a good idea to think about building up reserves for various aspects of your business. Read More

Avoid the 5 Things that Drive Employees Out the Door

With the “Great Resignation,” in which 4.2 million employees quit their jobs in just October 2021, small business owners need to be smart about handling their staff. They may be inadvertently contributing to the mass exodus from the workplace. Here are 5 actions that likely will trigger job openings in your company…unless you take action now to avoid this result. Read More

What You Can Do About Inflation

There’s no getting around it…high inflation is having an impact on small businesses. ... What does all this mean for your business now and what can you do about it? Read More

Some Tax Issues Never Change

In the past several years, business owners have grown accustomed to adapting to many changes in tax rules. Some new rules have been temporary in response to COVID-19; some have been permanent. All have required businesses to comply with new tax rules. As we head into a new year, it’s helpful to recognize that some things haven’t changed, yet they continue to be problematic. Read More

Assessing 2021: Good Year or Bad for Your Business

Whether the past 12 months have been profitable or not, one thing you surely can say is that it hasn’t been dull.... Each business has been affected in different ways. But now’s the time to look ahead. What kind of year will 2022 be? While economic factors will surely have an impact, your actions now can go a long way in steering you in the right direction. Read More

What's a Registered Agent and Do You Need One?

If your business is a corporation—whether a regular C corporation or an S corporation—you may want or need to use a registered agent. The same is true if your business is a limited liability company (LLC) or a limited partnership. Understand what a registered agent—also referred to as a statutory agent or service of process agent—does and the situations in which you must or may designate one. Read More

The Latest Tax Statistics on Partnerships and LLCs

A partnership is not taxpaying entity, but files an annual tax return, Form 1065, to report income, deductions, and other items. These items pass through to partners, who may be individuals, other partnerships, corporations, or other entities. Partners report their allocable share of these items on their own tax returns.... Here are some other interesting tax-related statistics about these filers. Read More

5 Things to Do Before the End of the Year

In case you missed this blog post, you will want to take note of these 5 actions for future reference. ...The year is winding down, but there are still some actions you must or should take now to complete necessary matters and get set for the coming new year. Read More

This Month's Featured Guest Blog

What Is Fintech and How Can It Help Your Business?

by Shannon Flynn

Fintech is shorthand for financial technology. It refers to a type of technology that any business can use to enhance, streamline, or automate financial services or processes. These services tend to include wiring money to other bank accounts, depositing checks, sending money, paying bills, and applying for financial assistance. ...So, how does fintech work, and how can you use it to enhance your business? Read More

Want your blog to be featured? Click here to learn what we're looking for and what it takes to be a guest blogger.

Presenting the 2022 tax books!

Available for purchase from Amazon now!

J.K. Lasser's Small Business Taxes 2022:

What's New and What's Ahead

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 2022 edition for preparing 2021 returns as well as tax planning for 2022 has been updated to incorporate changes from the American Rescue Plan 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

The Wall Street Journal calls her "the guru of small business taxes." Barbara Weltman talks taxes!

My Recent Interviews

with Josh Jalinkski,

The Financial Quarterback: Inside the Huddle

The Wall Street Journal calls her "the guru of small business taxes."

Barbara Weltman talks taxes!

Stressed about Taxes? Discover some helpful tips!

And ...

Why You Should Take Your QCD and RMD

Hear Josh and Barbara talk about why people should make sure to take their qualified charitable distribution (QCD) and RMD because different rules apply, and you don't want to be hit with that tax bill.

Listen to the Podcast Here

Tips for Giving an Employee Financial Help

On occasion, an employee may experience serious financial problems and share them with you—the boss and small business owner. Many employees are still reeling from COVID-19-related problems and now, with high inflation, may face new financial challenges. For owners, being compassionate is a good quality, but also be aware of some issues if you want to help.

Read the full article at Small Business Trends

5 Ways to Cut Employer Tax

How does payroll tax work and what's its impact on your business?

Read on to learn how to cut employer payroll taxes.

Read the full article at American Express

I hope you've checked out my eBook!

500+ Big Ideas for Your Small Business

Ideas You'll Use Everyday!

Click Here to Get Your Copy from Amazon

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)