For the love of your business
For the love of your business
A major topic of discussion in the business community is work-life balance. Business owners are concerned about this issue because they do not want quality employees to burn out; employees are concerned about this issue because they want to have meaningful personal lives, as well as purposeful jobs. The younger generations, in particular, actively pursue […]
Read MoreQ: I don’t have enough money to pay my taxes. What happens if I submit my tax return late? — Worried Small Business Owner A: Dear Worried: As an entrepreneur, cash flow can easily impact your ability to pay your taxes on time. Obviously, it is best to avoid that predicament if you […]
Read MoreMost of us have been exposed over the years to discussions in the media around the issue of diversity. The concept is applied to most of the structures of our society — schools, employers, governmental bodies, and so on. For businesses, the interest in diversity stems largely from legal mandates such as the federal Civil […]
Read MoreIf you have a newly incorporated LLC or Corporation, you only have until March 15 to elect S-Corporation status for the 2016 tax year, using IRS Form 2553. This is important because there could be significant tax consequences to you, if you do not elect for S-Corporation status. As the owner of an LLC interest, […]
Read MoreIf you own a business, particularly if it is a new business, you are probably concerned about how to track tax deadlines. Fortunately, the Internal Revenue Service has developed several methods to help with this very problem. First, though, you must know which taxes you are required to pay. Which Taxes? The tax and information […]
Read MoreQ: Can I Claim a Tax Deduction For a Home Business Office? — Prospective Small Business Owner A: As a home-based business owner, you can derive a benefit from a home office in one of two ways: 1) you can complete IRS Form 8829 and deduct part of your mortgage or rental expenses […]
Read MoreAs the Baby Boom generation moves on to retirement and Millennials increase their presence in the consuming world, more companies are including Corporate Social Responsibility (CSR) in their business plans. According to the World Business Council for Sustainable Development, CSR is “a continuing commitment of business to contribute to economic development while improving the quality […]
Read MoreWith the advanced connectivity options available through the internet and associated devices and applications, more and more people are earning a living by working from home. Many of us, however, may be so ingrained in the notion of being employed and reporting to work at a fixed location that we may not be able to […]
Read MoreGoing into business for yourself means learning about a lot of things, and not all of them are necessarily fun. Take taxes, for example. Unless you’re an accountant, dealing with the tax issues that come with your business is probably not your favorite task. But once you get the hang of it, it really isn’t […]
Read MoreToday, we live in a truly global economy, so much so that it is often natural to consider expanding by doing business overseas. The Internet helps make this quicker and easier than ever before. Before moving to global operations, however, it is important to consider how that decision will affect marketing, shipping and delivery, tax, […]
Read MoreQ: What Can I Do as a Small Business Owner to Match Up With Black Friday? — Frustrated Small Business Owner A: Dear Frustrated: Black Friday has become a phenomenon for the national and regional retail chains because of the marketing power of those businesses. Small businesses and sole proprietorships, however, don’t have the kind of cash […]
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