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February 1, 2023 -- Volume 22, No. 2
Adjusting to New Tax Rules for Your Business in 2023

The tax law is continually changing, with new rules coming into effect and old ones expiring. Sure, you can wait until you meet with your CPA or other tax adviser later in the year, but why wait to learn what’s new? The sooner you learn about the changes, the sooner you can take advantage of them and adapt business policies where needed. Read More
Recession-Proofing Your Business: Making Strategic Plans
The start of the year is always a good time to review business plans, but this year—with the possibility of a recession growing—it’s more important than ever to make plans. No one knows for certain when the recession will occur or how serious it may be... The only way to be sure you can handle whatever comes your way and move toward your long-term goals is to make a strategic plan. Read More
A New Look at Your Retirement Plan

The Consolidated Appropriations Act, 2023, which was signed into law on December 29, 2022, made a number of changes impacting qualified retirement plans and IRAs. Some of these changes are in effect now, while others don’t kick in until next year or even much later... All of these changes require you to look at your plan now and take action as required or desired. Read More
3 Hidden Business Costs and How to Reduce Them

You know you have to pay the rent, your payroll costs, and many other obvious expenses. That’s because you have a bill, a contract, an invoice, or other demand for payment. But there are some hidden costs that can deplete your bottom line. Read More
What Agreements Employers Can and Can't Have Employees Sign

Contracts and agreements are SOP (standard operating procedure) for businesses. This is so regardless of the amount of revenue, the number of employees, or any other factors. You can use an attorney or DIY with templates readily available online to help you. Read More
GPS plan for business
Your Business GPS Plan

You’ve all heard of a business plan, and hopefully you’ve even done one for your business. But have you considered a business GPS plan? The difference between this and a usual business plan is, as the term implies, a way to move you forward. A basic business plan may list your goals and various particulars, but will it get you where you want to go? Read More
Crime and Small Business: Are There Solutions?

Small businesses face an array of crimes—both physical and virtual. They may experience burglars, robberies, vandalism, shoplifting, employee theft, embezzlement, or other fraud. ...The cost of these crimes can be tremendous—both financially and emotionally. Read More
Who Do You Trust?

I’m not referring to an old TV show with Johnny Carson for anyone like me old enough to remember it. I’m talking about who you can depend on when it comes to advice or to complete a task well and on time. An old Harvard Business Review article said it comes down to integrity. Read More
Five New Year's Resolutions

While few keep them, it doesn’t stop us from making them every year... While most resolutions relate to personal goals, such as eating healthier and getting more exercise, business owners create their own resolutions that will benefit their business. Here are my five favorites. Read More
Featured Guest Blog
Key Elements of a Winning SME Marketing Strategy
by Annie Button

A marketing strategy is essential for any small business or start-up, but it’s more than just writing out a few targets and hoping for the best. To market your business successfully, you need to plan and carefully consider who you’re targeting and how to really build brand awareness effectively. Here are a few of the essential elements your SME marketing strategy should include. Read More
Ways to Recognize Employees: Their Tax Implications

It doesn’t cost you anything to say “thank you” to employees who do a good job for your company, and there are no tax implications here. But if you want to do more to recognize their accomplishments and retain them as valued employees, there are many things you can do.
New Regulations Small Businesses May Face in 2023

At the start of this year, the Biden Administration released its regulatory agenda for 2023. There are more than 600 new regulations, some of which have already been proposed and waiting to be finalized, while others are in preliminary stages. These regulations can affect every aspect of your business, from staffing to cybersecurity, environmental matters, taxes, and more. 
Preparing for Filing Your Business Tax Return and Tax Changes in the 2023 Filing Season
It's an annual chore: filing income tax returns for your business. This includes filing federal income tax returns, as well as state and local returns, for businesses and for owners. There is no way to avoid this chore. The best way to handle this responsibility is to be prepared and get started as soon as possible.
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Hear this 5 in Five Podcast
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Talking Taxes & Benefits with Barbara Weltman

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