On March 16, 2022, the Federal Reserve raised its federal funds rate (referred to as the fed funds rate) for the first time since December 2018 and is … Read more about What to Do about Rising Interest Rates: 5 Ways to Prepare
Employers’ Tax Burden for Having Remote Workers
COVID-19 started a revolution in remote work arrangements. Initially, workers were forced to work from their homes because of government-mandated … Read more about Employers’ Tax Burden for Having Remote Workers
Startup Ideas: What to Know When Hiring Your First Employee
When you launch a business, you may need one or more employees to help you operate. Or maybe you’ve been in business and have handled every aspect on … Read more about Startup Ideas: What to Know When Hiring Your First Employee
Spring Cleaning for Your Business: The Big Picture
When you think of Spring cleaning, what may come to mind is straightening out your files, cleaning up your desk, and washing down desktops and … Read more about Spring Cleaning for Your Business: The Big Picture
Inflation Help: 25 Ideas on Cutting Business Expenses
Inflation is making it costlier to do business. Many small businesses are reluctant to raise prices or hike them high enough to maintain their profit … Read more about Inflation Help: 25 Ideas on Cutting Business Expenses
Environmental, Social, Governance (ESG) Reporting for Your Business?
Environmental, social, and governance (ESG) reporting is a report a business generates about its environmental, social, and governance impact. It’s … Read more about Environmental, Social, Governance (ESG) Reporting for Your Business?
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About the Idea of the Day®
The Idea of the Day® launched in 2004 as a way to help small business owners keep up to date on opportunities, changes, and issues vital to them. The … Read more about About the Idea of the Day®
Retirement Plans: Voluntary or Mandatory?
As a small business, it is up to you to choose to have a retirement plan or must you do so? The legal answer is that it depends on where you’re … Read more about Retirement Plans: Voluntary or Mandatory?
Sole Proprietorships Statistics: What Do They Reveal?
Numbers can paint a picture and recently released IRS statistics on sole proprietorships certainly do so. These stats are derived from Schedule C of … Read more about Sole Proprietorships Statistics: What Do They Reveal?
New Employee Benefits to Consider
Anne M. Mulcahy, former CEO of Xerox, said: “Employees who believe that management is concerned about them as a whole person – not just an employee – … Read more about New Employee Benefits to Consider
Strategies for Managing Multiple Businesses
Entrepreneurs, by definition, are entrepreneurial. They don’t necessarily limit their business activities to a single endeavor. Some may have one … Read more about Strategies for Managing Multiple Businesses
Startup Ideas for Success: Learning about Your Government-Imposed Responsibilities
When you start a business, your goal is to bring in revenue so you can meet your financial obligations (e.g., pay the rent, cover your marketing … Read more about Startup Ideas for Success: Learning about Your Government-Imposed Responsibilities
What’s Up with Form 1099-K?
Third-party payments over a threshold amount must be reported annually to the IRS. This is done on Form 1099-K. Who does the reporting, what are the … Read more about What’s Up with Form 1099-K?
5 Ways to Have a Healthier Workplace
COVID-19 shown a spotlight on health. Now that many employees are returning to the workplace—full time or on a flex schedule—employers can help … Read more about 5 Ways to Have a Healthier Workplace
Cancellations Can Have Tax Consequences
Things get canceled all the time…meetings and appointments, customer orders, and leases to name a few. Sometimes cancellations are good for your … Read more about Cancellations Can Have Tax Consequences
