March 1, 2023 -- Volume 22, No. 3
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Recession-Proofing Your Business: Handling Debt
On February 1, 2023, the Federal Reserve raised its interest rate by a quarter of one percent, making it the highest rate since October 2007. This is the eighth increase since rates began to rise in March 2022 in an effort to curb inflation, and the Fed isn’t done; expect more rate hikes in the coming months. What does the Federal Reserve action mean to your business? Read More
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Strategies for Increased Learning for Owners and Staff |
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The quotation taped to my monitor from Benjamin Franklin reads: “An investment in knowledge pays the best interest.” What is learning? The dictionary says it is the acquisition of knowledge or skills... What are the benefits of learning? For your business, employees who learn stay more engaged, likely become more productive, and can acquire new skills to be used on the job. Read More
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Seasonality for Your Business: What Winter Means
Many businesses are year-round while others fluctuate at various times of the year. In my town in Florida, late November through mid-April is referred to as “season” because snowbirds flood in. Businesses that cater to these seasonal customers, such as restaurants, fishing tours, kayak rentals, etc., earn the bulk of their annual revenue during this period. Having a seasonal business presents certain challenges. Read More
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What the Fair Tax Would Mean to Your Business
In early January 2023, the Fair Tax Act of 2023 was introduced in the House. While the measure is a 'looong' way from enactment and may never come to pass, there is a growing amount of conversation about it. Read More
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Growing Your Staff: What It Means for Legal Obligations
If you need to hire additional employees, it means your business is good. You’re probably well aware of the additional costs for each new employee—wages, employment taxes, insurance, and employee benefits. But also take into account the fact that having more employees could trigger your becoming subject to federal and state employment laws that you’ve been exempt from until now. Read More
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PEST Analysis and What It Means to Your Business
What is PEST analysis? It’s not an examination of whether there are ants or rodents on your premises. PEST stands for Political, Economic, Socio-cultural, and Technological factors, and each of these factors can impact your business going forward. Read More
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Valentine's Day in the Workplace: Do's and Don'ts
Each year, February 14 presents a challenge for business owners. How much celebrating should be encouraged or barred? What dating policies are in place or should there be any? How can everyone avoid hurting some employees’ feelings? Read More
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February: A Month of Recognition and Celebration
The shortest month of the year, February, has just one federal holiday, but lots of other noteworthy holidays and celebrations. Why should this matter to you? Read More
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12 Steps on How to Grow a Small Business in 2023
by Christopher Jan Benitez
The number of small businesses in the U.S. continues to grow in 2023, and it’s a good thing. After all, small businesses create jobs, drive innovation, and promote competition. ... Despite economic challenges in 2023—inflation, labor shortages, prospect of a recession, etc., you can still grow your business. Here are some tips to help. Read More
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Groupthink in Business: What Is It? Why Is It Bad?
How to Avoid It
by Peter Cheel
Groupthink is a phenomenon in which a group of people make poor decisions because they are too anxious to disagree with what the majority of the group thinks. This can happen in any type of setting, including business meetings and decision-making groups. Groupthink is often seen as a contributor to bad decisions. Read More
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Tracking Tax Write-Off Carryovers
John Sculley III, who was the president of PepsiCo, until he became the CEO of Apple Inc. for more than a decade, said “timing is everything.” He was probably referring to business moves, but the sentiment applies with equal force to tax write-offs. Due to various limitations on certain deductions and tax credits, you may not be able to use the full amount of a write-off in the year in which it arises.
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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.
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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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Good News! The free online Supplements for both books are available now on our website's blog!
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Excited that the book is listed as one of the
Customers are saying...
"A great reference publication and the price is right"
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"Tax books are a great read for small business owners or
anyone interested in tax matters."
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Sharing these recent interviews full of tips and critical information for this tax season and beyond! |
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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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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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Don't miss this free e-book!
"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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Big Ideas for Small Business® has been recognized as a "must-read" for Small Businesses!
AND
now included in the
by Business.com
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Mentioned in the 2022 FeedSpot list of
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