August 1, 2020 -- Volume 19, No. 8
Preparing for Economic Changes: Getting Help for Getting Through
The economy consistently changes. Sure, the current pandemic has created unprecedented challenges and an economic downturn for many businesses. At the same time, the current situation has created opportunities for other businesses.
How to Pivot During the Pandemic

Pivoting is defined as turning or twisting. In a business context, it means changing direction. And that’s just what businesses have done or are doing now as a result of COVID-19 pandemic in order to survive, and even thrive.
Providing Benefits to Part-Timers: What You Need to Know

Many small businesses rely on part-time employees to help them operate efficiently. ...As companies re-open after the pandemic, or are operating now with part-timers, be sure to understand the rules for what benefits you are required to provide to these workers as well as those you might consider offering even though not required. Read More
Learn this Lesson: Deposit Employment Taxes or Else

A key responsibility of being an employer is handling payroll taxes. ...
The following explains the basic rules and then the modifications resulting from COVID-19-related legislation. Read More
Taxes in 2020: The Year that Never Was

This year will forever be remembered for the pandemic and what it’s done to the lives and livelihoods of so many people. From a tax perspective, several actions that would normally occur have dramatically changed for 2020. Read More
Questions
Unanswered Business Questions for COVID-19

The number one question that businesses are asking about the pandemic is when it will end. No one has an answer. No one is even speculating about it. Hopes of a vaccine are on the rise, but again, there is no set time for inoculations to begin. Beyond this big question, there are numerous other questions that business owners face now and need to address. Read More
Profile of Small Business in 2020

The SBA’s Office of Advocacy has profiles of each state’s small businesses. ...Be sure to check your state's profile. The following are highlights for 2020 of all small businesses in the U.S.. Read More
High-Tech and Low-Tech Tools for Businesses During COVID-19

Whether your bricks-and-mortar office or store has already reopened or is planning to, be sure to use the technology available to keep everyone — your employees and your customers, clients, and patients — safe. Read More
Using Early Life Lessons to Run a Successful Business

You may have read, or at least heard of Robert Fulghum’s book from the 1980s entitled All I Really Need to Know I Learned in Kindergarten: Uncommon Thoughts on Common Things. The book contained 16 life lessons. I’ve selected 5 of them that are essential for running a successful business. Read More
New eBook 2020
" Big Ideas for Recovering and Reimagining Your Small Business"
Providing ideas and resources you can use now to get your business up and running again despite the current recession, better position yourself for future recessions, and reimagine your business for increased success.
Could Bankruptcy Be the Answer to Your COVID-19 Financial Woes?

Bankruptcy gets a bad rap. But for some dance businesses that are struggling due to the COVID-19 pandemic, it might be a smart way out of debt—and it doesn’t have to mean the end of your business.
Everything You Need to Know about Buying or Leasing a Business Vehicle in 2020

The perennial question that many small business owners ask when considering a new vehicle is whether to buy or lease.
"It’s a by-the-numbers tutorial on how to launch a successful home-based business."
-- Jim Blasingame, Host of The Small Business Advocate Show
HBM Home-Based Business Start-Up Guide
More Recommended Reading

Your GPS to Get You Where You Want to Go In Your Business (Kindle Edition)
Do you enjoy driving and being your own boss with flexible work options? Are you looking for a part-time (or full-time) activity that earns good money? Maybe you’ve already discovered that there are great opportunities for making money with your car. Or, you’d like to become a delivery driver driver but uncertain how to begin. This guide, " The Delivery Driver Tax and Business Guide " is your answer!
What every self-employed person needs to know about their taxes!
This second edition helps you file your taxes correctly, accurately, and on time.
An eBook for Ride-Sharing Drivers!

Harvey Bezozi and I created an e-Book for Uber and Lyft drivers as the GPS to help them get where they want to go in their business, safely and securely. Y ou can find The Uber/Lyft Drivers Tax & Business Guide , Kindle Edition, on Amazon today! NOTE: This is an updated version.
Important Resources for You and Your Small Business
Don't miss out on critical updates outlined in the free online Supplements for both tax books.
Find J.K. Lasser's Small Business Taxes 2020 Supplement here, and the online Supplement for 1001 Deductions and Tax Breaks 2020 here, and find the Additional Supplement for Coronavirus-Related Tax Changes here.