Presenting the NEW Tax Books!

If you own a small business, this comprehensive guide explains in easy-to-understand terms the essentials of business taxes to prepare you to work better with your CPA or other tax adviser or handle tax responsibilities on your own.

This edition of this popular book

has been fully updated to reflect the latest rulings and laws (including changes from the Inflation Reduction Act and SECURE Act 2.0), allowing you to easily

refer to the appropriate deductions and credits for your particular needs. 

Ways to Simplify Your Tax Recordkeeping

To claim deductions and credits for the business expenses you incur, you must have certain records, including the amount of your outlays. Without good records, you can miss out on otherwise legitimate tax write-offs. The IRS has created certain tools you can use to avoid the need to retain receipts and other records of costs. Here are some of these options to consider. Read More

3 Ways Customers Can Be On Your Sales Team

Employee Retention Credit Now: Where You Stand and What to Do

The employee retention credit (ERC), a credit created during COVID-19, ended on September 30, 2021 (December 31, 2021, for startups), but it’s still alive. How can that be? The reason: The deadline for submitting refund claims has not expired. Many employers claimed the credit, and a number of these are still pending. But there’s been a lot of fraudulent—or at least erroneous—claims. As of July 31, 2023, IRS-CI had initiated 252 investigations involving over $2.8 billion of potentially fraudulent ERC claims. And this isn’t the end of it. What’s going on? Read More

What Employers Should Know About COVID-19, Flu, and RSV

The calendar says flu season is just around the corner. The national health emergency from COVID-19 ended on May 11, 2023, but the illness is still here. And RSV (respiratory syncytial virus) is a concern at this time for certain demographics. How do these illnesses affect your business policies? Read More

Recession-Proofing Your Business: Managing Employee Anxiety

Experts aren’t certain there will be a recession, or whether we’re already in one. But what is certain is the growing number of job layoffs. Forbes reported that layoffs from January through September 2023 are up almost 200%. For example, layoffs have occurred at big tech firms, such as Google, Amazon, Microsoft, Yahoo, Meta, and Zoom. ...Surveys show employees are worried about being laid off.  Read More

Ending Confusion About Designations of Do-Good Companies

Increasingly, you’ll hear about big companies using their profits for social good or to help the environment. Time listed the “best corporations” in 2023; the ranking included sustainability. Among these corporations were Microsoft, Apple, Alphabet (Google), Meta (Facebook), Accenture (in Ireland), Pfizer, and American Express. But you don’t have to be a giant corporation to benefit your community, your environment, and special causes. Read More

What to Know About Your Holiday Season Employees

While holiday hiring in the U.S. for this upcoming season is the lowest since 2008, many businesses have already hired or plan to engage seasonal help. What does seasonal hiring mean for your business? Read More

What's an IRS Business Tax Account and Should You Get One?

The IRS launched a new tool called a Business Tax Account that some business owners can use to give employees in their company access to the business tax account and request a tax check to see if the business is compliant with federal tax requirements. Do you qualify for a business tax account?

Read More

Succession Planning for Your Family-Owned Business

SCORE defines a family-owned business as: “Is one in which any two or more family members operate the company, and the majority of ownership or control lies within the family.” If you are an owner of a business in which other family members—a spouse, sibling, child, or other relative—also have an ownership interest or work in your company, you’re not alone. Read More

The Importance of Personalization for Customer Experience

by Jack Shaw

How would you react if you opened a marketing email addressed to “Dear shopper?” In this day and age, you’d wonder how healthy the company was to cut such sharp corners. It’s the equivalent of junk mail addressed to “resident.” Wooing today’s consumer requires personalization. Read More

Can Congress Tax Unrealized Income? SBE Council Weighs in on SCOTUS Case

Can Congress tax unrealized income? That’s the big question before the U.S. Supreme Court in Moore v. U.S. The Court will consider the question during its 2023-2024 term, which started October 1, 2023. There’s no telling when a decision will be announced; it could be as late as June 30, 2024. But understanding the issue and what’s at stake for the U.S. tax system is important for everyone.

Preparing for Payroll Costs in 2024

Inflation continues to dominate the headlines, and it’s surely having an impact on your payroll costs. As you begin to work on your 2024 budget, be sure to take payroll changes into account. These changes result from increased wages, higher payroll taxes, and other factors. Here are some things to think about now.

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