For the love of your business
For the love of your business
Hiring your minor children to work in the family business is a great way to help them develop a solid work ethic, teach them money-management skills, and fund their savings for the future. But employing your children also comes with a number of valuable tax benefits that you might not be aware of. And following […]
Read MoreNeed instructions for replacing your car’s spark plugs? Want to learn HTML? Looking to find the route home with the least traffic? You can find all of that—and just about anything else—with a quick Google search. Indeed, the amount of information you can gain from the Internet is staggering. But just because you can find […]
Read MoreFrom payroll and project management to invoicing and inventory, business systems are vital to your organization’s efficiency and sustainability. Without effective systems, your team is likely to become bogged down by the countless small tasks they must complete on a daily basis just for your business to function. While many basic processes may not seem […]
Read MoreIn the first part of this series, we offered three strategies to help you successfully navigate employer-employee friendships. Here, we continue with the final four. Developing close bonds with your employees is all but inevitable. Indeed, being friendly with your team members can make the job more rewarding and enjoyable for everyone. But there’s a […]
Read MoreBecause we spend so much of our lives working, it’s practically guaranteed that you’re going to develop close bonds with your employees. And this is a good thing. Having a friendly relationship with your team members based on mutual respect, care, and concern can make the job more enjoyable for everyone—and even boost performance and […]
Read MoreQ: What is “private inurement,” and can it affect my business? -Concerned A: Dear Concerned: First off, private inurement is something that only applies to nonprofits, so if you own a standard for-profit business, you won’t be affected. If you do run a nonprofit or are thinking of starting one, read on. The IRS stipulates […]
Read MoreIf you’ve always dreamed of starting your own business, but find the idea of building an entire operation from scratch too daunting, you might consider investing in a franchise. Since you’re getting an already proven business model and brand, purchasing a franchise can make the start-up phase quite a bit easier. In addition to getting […]
Read MoreIf your company has (or plans to have) employees, you should definitely create an employee handbook. Handbooks ensure that employees are not only aware of your rules, but also the federal and state laws governing their employment. You can use the handbook to introduce your employees to your company and its culture, explaining what’s expected […]
Read MoreThe whirlwind of excitement and activity surrounding the launch of a startup can feel overwhelming. You’re so focused on managing the day-to-day logistics of getting your business up and running, you often don’t have time to focus on the bigger picture. Because of this, it can be easy to overlook some perilous legal pitfalls that […]
Read MoreIn the first part of this series, we discussed the initial steps to take to save big on your 2018 taxes. Here, we continue with the next steps in this process. Taxes are a thorn in just about every entrepreneur’s side. Indeed, taxes are your single biggest business expense. Fortunately, it’s fairly easy to reduce […]
Read MoreQ: How does estate planning help my business? -Curious Company Owner A: Dear Curious Estate planning is absolutely crucial for business owners. When you die or if you become incapacitated, not having a plan can not only be disastrous for the company, but also cause major expense and conflict for your family. Your plan will […]
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