A roundup of our top stories!

November 1, 2021 -- Volume 20, No. 11

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November 4, 2021; 1pm ET

I'll be Presenting

"2021 Year-End Tax Planning for Your Business"

What Is Small Business?

Last month included National Small Business Week. Politicians are continually claiming to help small businesses. My website is dedicated to educating small business owners. So what exactly is “small business”? There’s no easy answer. Read More

10 Ideas for Re-Energizing Yourself and Your Staff

As the challenges of the pandemic continue and the hours of daylight get shorter, it’s understandable that you and your employees may feel fatigued, distracted, and perhaps mentally exhausted. Nonetheless, the company benefits when you and your employees are working at optimal levels and this can’t be done when you’re feeling down. Now’s the time to shake things up and re-energize. Read More

Escaping Federal Tax Penalties

Late with filing a tax return with the IRS? Didn’t correctly figure and pay what you owe? Did something you weren’t supposed to do? Don’t worry. While the tax law has multiple penalties in place to discourage and punish mistakes, there are many ways in which you can get them lifted. Read More

Not Too Early for Year-End Planning

Early in the fourth quarter of 2021 is a good time to begin year-end planning. The sooner you get a jump on things, the more options you’ll have and the less stressed you’ll be. Read More

Avoiding Hidden Legal Traps

Just about anything you do or say, or anything you don’t do or say, is potentially problematic from a legal perspective. There are so many rules and regulations that govern just about every mode of conduct for business. Violating a rule doesn’t mean you’re headed for a penitentiary. But it could result in lawsuits, fines, penalties, and a lot of time to address claims against you. Read More

What Is the Global Minimum Tax and Does It Impact Small Businesses

News headlines tout the growing number of countries that have agreed to a global minimum tax rate. At present, 136 countries, which accounts for over 90% of the global economy, have agreed to a 15% minimum tax rate for corporations. What is this tax? Who’s subject to it? What does it mean for small businesses? Read More

Inspirational Quotations: Why They Matter

If you are a regular reader of my blogs, you’ll often find a famous quotation. I include them because they express something better than I can. Inspirational quotes can be helpful to small business owners for a number of reasons. Read More

Breaking Up Isn't Hard to Do When an Owner Wants Out

When you go into business with others, things don’t always work out as anticipated. Co-owners can disagree about the direction of the business and, as a result, one may want to leave the company. One owner may have a change in family situation or a desire to do something else. ... With the right attention and attitude, the parting can be amicable, and beneficial to all involved. Read More

This Month's Featured Guest Blog

5 Ways to Show Employees You Value Them

by Leah Farrell

Dubbed “The Great Resignation,” employees are leaving their employers in record numbers. In April 2021 alone, 4 million people quit their stable jobs in search of something more fulfilling. With vacancies at an all-time high, employee retention is a priority issue now more than ever. If you are a small business owner, you likely wake up and go to sleep with the same question on your mind: what can I do to keep my employees happy so they’ll stick with me?

Click Here to Learn How You Can Be a Guest Blogger

Hear my recent interview with Brian Moran as we discuss:

The End of the Year Tax Moves for Small Business Owners

The Small Business Edge Podcast with Brian Moran

There are so many moving parts this year when it comes to taxes, exemptions, credits, and changes. Brian and Barbara Weltman, noted small business tax expert, discuss the many bills working their way through Congress and what they mean to business owners. Listen to the podcast, then call your Accountant!

Presenting the NEW 2022 tax books!!

Available for pre-ordering NOW on Amazon!

Getting a Jump on Holiday Sales

There are still many weeks before the traditional last minute holiday shopping rush. Business owners are generally feeling optimistic in light of the waning pandemic. But this year is different; there may not be much last-minute activity. In fact, Small Business Saturday may not be all that great this year. There are adverse factors that may depress holiday shopping, and consumers are being urged to “shop now” to stay ahead of supply chain disruptions. So small business retailers need to get moving now if they want to benefit from (and perhaps rescue) their holiday season.

Read the full article at the Small Business and Entrepreneurship Council

3 Pending Changes that Could Impact Year-End Small Business Tax Planning

Congress has been debating a number of big bills that contain tax changes. Some of the proposed changes are favorable; many are not. All of them may affect your bottom line. Final tax changes may not be known for weeks, and many won’t take effect until 2022. Nonetheless, pay attention now…year-end tax planning may be completely different this year than in prior years.

Read the full article at Small Business Trends

I hope you've checked out my eBook!

500+ Big Ideas for Your Small Business

Ideas You'll Use Everyday!

Click Here to Get Your Copy from Amazon

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.