August 1, 2021 -- Volume 20, No. 8
The New Frontier: Business Opportunities and Taxes

Living on the Eastern coast of Florida, I have the ability to view many of the space launches from Cape Canaveral. They are easily viewed from my driveway and are especially beautiful at night when the fiery exhausts contrast with the dark sky (being near the ocean there is very little light pollution to reduce the darkness). We now have a new branch of the military—the Space Force. And Sir Richard Branson’s Virgin Galactic Unity 22 flight into space on July 11, 2021, and Jeff Bezos’ Blue Origin New Shepard on July 20, 2021, shows commercial possibilities. It’s time for small businesses to look up and see opportunities in space. Read More
Masking Policies: What's a Business Owner to Do?

Update: On July 27, 2021, the CDC revised the masking guidelines
for fully vaccinated individuals.
The CDC advised that those fully vaccinated do not have to wear masks. However, this guidance is superseded by any federal, state, or local law requiring masking. The CDC also says that businesses may set their own rules for operations and workplace guidance if they don’t violate government rules. But now, with the advent of COVID-19 variants, concerns about transmission remain prevalent. What’s a business owner to do about a masking policy for employees and customers, clients, and patients? Read More
10 Easy No-and-Low-Cost Ways to Spiff Up Your Home Office
More and more people are working from home. The pandemic introduced many workers and business owners to this environment and, with the ebbing of COVID-19, a great percentage are staying put. ...Here are some ideas to spiff up your space that don’t involve a lot of money or effort but can make a big difference in how you feel each day you “go to work.” Read More
Recovery Strategies: Crafting A Contingency Plan

It feels like the pandemic is over, with businesses opening at regular capacity in most states. But the future is uncertain. There could be another pandemic. Or there could be other unanticipated catastrophes that may befall your business. As part of your recovery strategies from COVID-19, it’s advisable to take the lessons you learned and put them in a contingency plan so your business can know what actions to take to protect itself. Read More
Slash Your Federal Tax Bill with Income Tax Credits

A tax credit is a dollar-for-dollar reduction of tax liability. During COVID-19, much attention has been focused on employment tax credits for paid sick leave, paid family leave, employee retention, and COBRA payments. But income tax credits for small businesses may fit well into today’s economy and business planning, and provide significant tax savings. Read More
Protecting Your Company Information from Ransomware and Other Attacks

Your company information is vital. This information includes financial data, trade secrets, confidential employee and customer information, and more. Recent well publicized ransomware attacks show the vulnerability of just about everyone. Read More
Charitable Giving and Your Business

The pandemic has created a great need in a number of communities and for a number of special causes and organizations. But charitable giving is a perennial practice with an unending number of people and causes in need. ... If you want to give, there are many ways to do it. And you may even get a tax benefit from your philanthropic activities. Read More
Signing Bonuses and Other Benefits to Lure Employees

According to the NFIB’s Small Business Optimism Index for June 2021, a labor shortage remains the big challenge for small businesses. The numbers tell it all: 46% of all owners reported job openings they could not fill in the current period, 63% reported hiring or trying to hire in June, and 89% of those hiring or trying to hire reported few or no “qualified” applicants for their positions. The report states: “Many firms can’t hire enough workers to efficiently run their businesses, restricting sales and output.” If you’re in this situation, what can you do? A good wage, as well as medical coverage and other traditional benefits, may not be sufficient. Here are some strategies to consider. Read More
New Revisions to Your Drug Policy for Marijuana

This area of the law is changing rapidly and making it challenging for employers to fix their workplace polices. A year ago, our blog addressed many issued about revising your drug policy for marijuana. Since then, more states permit the use of marijuana for recreational and/or medical purposes. And courts are weighing in on some practical issues for employers when it comes to marijuana and the workplace. So, with rapidly changing laws and court decisions, what are employers to do? Here are some new developments to alert you to what’s happening now. Read More
(via Thryv)
I'm pleased to share this interview with you. We're discussing critical and current tax updates plus other issues facing small businesses and entrepreneurs. 
5 Things to Know About Audits for Your Business
The word “audit” likely sends shivers up the spines of most small business owners. Audits are worrisome, time consuming, and very expensive in terms of professional fees and possible taxes, interest, and penalties. But a better understanding of audits may reduce concerns or, if necessary, help to handle them more easily.
I hope you've checked out my latest 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.
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.
Also, honored to be recently 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!
SBT 2021
For your important year-round tax planning, you'll find what you need to know in these 2 tax books available on Amazon!
1001 Deductions 2021

You'll hear about important tax updates and other financial issues affecting small business owners, self-employed entrepreneurs, and more. 
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
Newly updated App
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 and reimagine your business for increased success.