Summer Financial Checklist for Small Business Owners
The mid-way point of the year is a good time for you to review the financial and tax health of your small business. Taking action now can help you lower your 2012 taxes and put you in a stronger...
View ArticleSBA Small Business Lending Falls Slightly from 2011
The U.S. Small Business Administration's (SBA's) loan volume in 2012 was its second highest ever, down slightly from 2011. The SBA supported $30.25 billion in loans this year, compared with $30.5...
View ArticleHow to Keep a Natural Disaster from Becoming a Financial Disaster
A natural disaster does not need to be a financial disaster too. Taking the right step after a disaster can help people and businesses protect their surviving assets and rebuild successfully.Following...
View ArticleWhy Employees Stay in a Small Business
Like most small business owners, you have invested a sizable chunk of your company's time and money into recruiting and training employees. Naturally, you do not want to lose good people--for two...
View ArticleDisaster Preparedness for Small Businesses
The damage wrought by Hurricane Sandy serves as a reminder that it makes sense for even small business owners to prepare for the worst. It is a mistake to think that disasters only strike elsewhere....
View ArticleTo DIY or Not to DIY: For Many Small Businesses That Is the Question
If you are a small business owner, and something needs to be done, you may suddenly find yourself a master of DIY (doing it yourself). There are times when DIY makes sense, but there are other times...
View ArticleRetirement Options for Small Business Owners
As many as 40 percent of small business owners have no retirement savings or pension plans. However, there are several options for small business owners who want to save for retirement. Your choice of...
View ArticleIt's Here: Form 1099-K Matching for Businesses
The Internal Revenue Service (IRS) has long been matching individual tax returns against information statements to identify under-reporting. It is now using information statements to find...
View ArticleSBA Offers Online Tool for Building a Business Plan
The U.S. Small Business Administration (SBA) has launched an online tool to help small business owners create business plans. The new tool, Build Your Business Plan, guides the small business owner...
View ArticleIRS Modifies Voluntary Classification Settlement Program
The Internal Revenue Service (IRS) has modified its Voluntary Classification Settlement Program(VCSP), which lets employers change the tax treatment of their employees to reclassify workers as...
View ArticleIRS Proposes Employer Mandate Rules for Health Coverage
The Internal Revenue Service (IRS) has issued proposed regulations on the shared responsibility for employers to provide health care coverage under the Affordable Care Act. The IRS noted that employers...
View ArticleIRS Delays Rules Distinguishing Tips from Service Charges
The Internal Revenue Service (IRS) has announced that businesses will have additional time to make the changes needed to comply with the proper treatment of tips and service charges for purposes of...
View ArticleIRS Offers Simpler Option for Calculating Home Office Deduction
The Internal Revenue Service (IRS) has introduced a simplified way for small business owners and home-based employees to claim the home office tax deduction beginning with their 2013 tax returns. Under...
View ArticleNew Website Warns Small Business Owners of Coming Regulations
The U.S. House of Representatives Small Business Committee has unveiled its Small Biz Reg Watch website. The website highlights federal rule-making initiatives that could affect small businesses and...
View ArticleVirginia Telework Expenses Tax Credit
The Virginia Telework Expenses Tax Credit is a new credit available to any business subject to income tax in Virginia. The legislation provides for a tax credit of up to $1,200 per employee, up to...
View Article
