April 1, 2022 -- Volume 21, No. 4
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 costs, etc.) and make a profit. This enables you to stay in business and grow. To do this, you probably are focused on dealing with customers, suppliers, and employees (if you have them). But being in business means taking on a slew of responsibilities imposed on you by the government—federal, state, and local. This is no simple matter. Read More
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 workers remain healthy by having healthier facilities. Masking and vaccination mandates aside (which vary considerably with location and employer preference), there are many ways to improve the health of workers. Read More
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 business, sometimes they’re bad, and sometimes it’s just what happens and isn’t good or bad for your business. But in all events, cancellations can have tax consequences. Read More
Second Anniversary of the COVID-19 National Emergency: What Small Business Has Learned

On March 13, 2020, the President declared COVID-19 to be a national emergency. This was the start of shutdowns and, according to the SBA’s Office of Advocacy, small businesses closed at levels not seen since the Great Depression. ...What’s clear now is that on this second anniversary, there’s no going back to “normal.” Things have changed. What have we learned? Read More
Idea of the Day
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 daily tip is sent via email each morning to subscribers as well as being posted on the homepage. Thereafter, the ideas reside in archives. Since its inception, there have been more than 6,500 unique tips for you. Read More
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 located. The practical answer is that in today’s tight job market, you need to have a plan to attract and retain valued employees. Understand what you may or must do when it comes to retirement plans for your employees—and you as the owner. Read More
New Employee Benefits to Consider

In this tight labor market, employers are looking for new benefits to show they value employees. Benefits can be tailored to meet the company’s needs while providing desirable things—cash, time off, etc.—to employees.
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 business venture after another—serial entrepreneurs. Or they may run various business activities at the same time. How to handle having different activities simultaneously impacts business operations, legal matters, and, of course, taxes. Read More
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 Form 1040 for 2019 returns in contrast to the number of such filers and their revenue with 2018 returns. Read More
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 new thresholds for reporting, when do they apply, and how do they affect tax reporting? It’s not as complicated as you may initially think. Read More
Don't miss out -- you'll want to stay updated this tax season AND all-year round with the free online tax book supplements:
Find the online supplement for the Small Business Taxes 2022 here;
AND the supplement for the 1001 Deductions & Tax Breaks 2022 here.
And be sure to get your copy of the 2022 tax books -- available from Amazon now!
This Month's Featured Guest Blogs
Is Data Sustainability Right for Your Business?
by Shannon Flynn
No matter what kind of company you run, you likely store massive amounts of data. Storing all that information does account for some of the energy consumption in the world, so brands now realize the importance of keeping only what they need and utilizing what they have to further reduce waste. Read More
Businesses in Crypto: 9 Fascinating Options for Ambitious Entrepreneurs
by Jessica Sweet
Cryptocurrency offers a massive range of opportunities for savvy entrepreneurs. It is essential to understand the ins and outs of crypto to help you choose a suitable business model. Crypto can be volatile, so it is worth finding ways to invest that allow you to spread the risk. A combination of investing and trading in crypto with advisory services can be a great option. Read More
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 – are more productive, more satisfied, more fulfilled. Satisfied employees mean satisfied customers, which leads to profitability.”
Questions on Estimated Taxes for the Self-Employed and
How to Handle Them
The federal tax system is a pay-as-you-go model. Generally, employees meet their tax payment obligations through wage withholding. But there’s no withholding (yet) on self-employment earnings. Usually, self-employed individuals meet their tax payment obligations through estimated taxes. The following are some general questions about federal estimated taxes and what to do.
Why Recordkeeping Is Vital and How to Do It
Recordkeeping isn’t fun, but keeping good records is vital. It doesn’t use the talents and skills you deploy in running your business, and it takes time and effort away from your business activities. Recordkeeping for business isn’t optional.
Home Business Magazine Podcast
It’s that dreaded season of the year. It’s tax time. So what does that mean for you, as a small business owner? It’s time to get ready. The most important tax thing you can do right now is plan out what you need to do! Getting ready for tax time isn’t a big thing, it’s a lot of little things, little things that relate from one to the next.
More Tax Talk --
Interviews with Josh Jalinski,
The Financial Quarterback: Inside the Huddle
The Wall Street Journal calls her "the guru of small business taxes."
Stressed about Taxes? Discover some helpful tips!
And ...
Hear Josh and Barbara talk about why people should make sure to take their qualified charitable distribution (QCD) and RMD because different rules apply, and you don't want to be hit with that tax bill.
I hope you've checked out my eBook!
500+ Big Ideas for Your Small Business
Ideas You'll Use Everyday!
Whether you’re a seasoned entrepreneur or just starting out, you’ll find actionable ideas to help you with your finances, your operations, your staff, your marketing, your taxes, your technology, your environment, and your personal growth. (Find it on Amazon for $3.95)
I'm delighted and honored to be included in this list.
Building a successful business is tough, but you’re not alone. Follow these 10 women entrepreneurs for smart tips, tools, and resources.
Also, honored to be featured in this LinkedIn article:
"SMB Insights on Tap: 8 Experts to Follow"
You can learn more and discover some great resources in this article.
More Resources You Won't Want to Miss!
HBM Home-Based Business Start-Up Guide
Delivery Driver Tax and Business Guide

(Paperback Edition)
Top industry leaders share their secrets for turning pain into profit!
by Barbara Weltman
100+ Tax Deductions 2022
Presenting a new e-book for subscribers!
100+ Tax Deductions for Small Business
A to Z
Free to download when you subscribe to our mailing list. Spread the word - tell your friends!
Note: Regular subscribers, no worries, you won't receive duplicate mailings if you download the new e-book.
Pleased that my blog has been mentioned as a "must read blog" for small businesses and entrepreneurs!