February 1, 2021 -- Volume 20, No. 2
Worker Status and Changing Times

The pandemic has highlighted, but did not create, a growing diversity of worker status. There are a variety of employee types... The laws on worker classification and protection are evolving. The lines are blurring between independent contractors and employees, with more protection and greater benefits usually limited to employees being extended to independent contractors. The tests for determining worker classification are not uniform. Here are some developments to note. Read More
5 Ideas for Self-Growth for Business Owners
A quotation from Benjamin Franklin that’s taped to my monitor says, “an investment in knowledge pays the best interest.” Business owners who continue to learn will surely see increased success. The challenge, of course, is finding the time to learn as well as being selective with the information in which you invest your time and energy. Here are some ideas to help. Read More
Roundup of COVID-19-Related Breaks for Self-Employed Individuals

Much of the government relief provided to small businesses was keyed toward their employees. They could qualify for the SBA’s EIDL grant of $1,000 per employee (up to a max of $10,000). They could claim a tax credit for keeping employees on the payroll (“employee retention credit”). And employees could avail themselves of a number of breaks...But what about self-employed individuals—independent contractors, freelancers, and gig workers—who work alone, without any employees? What breaks do these self-employed individuals qualify for? Read More
What's New for Employee Benefits This Year?

The Consolidated Appropriations Act, 2021 (CAA), signed into law on December 27, 2020, changed some important rules impacting various employee benefits for 2021. With the new year underway, now is the time to review your retirement plans and other employee benefit plans to ensure compliance with law changes. Read More
Recovery Strategies: 5 Issues for Long-Term Work-from-Home Policies

When the pandemic hit, most businesses that were able to do so scrambled to transition their employees to working remotely from their homes. Likely, many small businesses did this without adopting comprehensive policies to make the arrangement workable for employees while protecting the company from potential threats and addressing various issues. With the continuation of the pandemic, at least for the foreseeable future, it’s time for employers to adopt formal work-from-home policies or review existing ones to cover all the bases. Read More
Company Support for Working Parents: Win-Win

According to a study by Maven and Great Places to Work, companies that provide support for employees with childcare responsibilities have 5.5 times the revenue growth compared with companies that don’t. Here are some ways small business can do this with little or no cost. Read More
5 Last Minute Tips for W-2s and 1099s

The deadline for providing employees with their Form W-2 for 2020 and independent contractors who received at least $600 in 2020 with their Form 1099-NEC has passed. Because January 31, 2021, the usual deadline is on a Sunday, the due date for 2020 forms is February 1, 2021. Here are some last minute things to know about these filing obligations. Read More
Not Like Last Year's New Year's Resolutions

2020 began on a note of high optimism for small businesses. The NFIB Small Business Economic Trends in January 2020 showed an optimism rating of 104.3, among the top 10 of all readings in the 46-year history of the survey.
... What a difference a year makes! NFIB’s December 2020 report showed a decline in optimism and declines in most other factors. How do these numbers impact my resolutions for this year? How do they impact yours? Read More
5 Things to Know about Your Employees Now
Employees are essential to most businesses. Finding and retaining good employees can be challenging, especially during tough times such as the pandemic. The government continually changes rules impact you and your employees.
500+ Big Ideas for Your Small Business: A Resource Guide for Owners Short on Time
With only so many hours in the day, owners may find it impossible to stay up on ever-changing rules and opportunities for their businesses. This eBook links you to more than 500 ideas to help in finances, operations, staffing, marketing, taxes, technology, the environment, and your personal growth.
This article includes partial excerpts taken from each chapter in the book.
More about the NEW eBook!

500+ Big Ideas for Your Small Business
Ideas You'll Use Everyday!
by Barbara Weltman
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.
The 2021 tax books are
available for purchasing on Amazon NOW!

Small Business Taxes 2021 helps small business owners maximize their bottom line with straightforward, yet comprehensive guidance from the most trusted name in tax.
Details concerning the SECURE Act and the CARES Act are included in both tax books

The complete guide to all deductions and credits for individual taxpayers J.K. Lasser's 1001 Deductions and Tax Breaks shows you just how much money you can save on your taxes--legally--simply by taking advantage of what's out there.

I'm delighted and honored to be included in this list (updated January 2021).
Building a successful business is tough, but you’re not alone. Follow these 10 women entrepreneurs for smart tips, tools, and resources.
More Resources You Won't Want to Miss!
HBM Home-Based Business Start-Up Guide
Delivery Driver Tax and Business Guide
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.