July 1, 2021 -- Volume 20, No. 7
Tax Deferral from 2020: Time to Pay Up

Due to the pandemic and the desire of the federal government to keep more money in the hands of businesses and individuals, there were certain tax deferral options available in 2020. But 2021 is the time for reckoning. How to handle payments of deferred amounts depends on what was deferred. Read More
Lending Money to Your Business: What to Consider
With the pandemic waning, the time for government assistance programs ending, and the economy growing, your business may need money now. Additional financing may be useful to expand your activities, hire additional employees and increase compensation and employee benefits, or just to pay for the rising price of inventory or other items you need. Read More
The Other Business Taxes: What You Need to Know

Taxes are a cost of doing business. Typically, the focus is on income taxes, but other business taxes deserve equal attention. Here are some issues to consider with respect to these other business taxes. Read More
Recovery Strategies: Adapting to the New Normal

The NFIB Monthly Small Business Survey shows that optimism has returned. As the economy opens up, businesses face new challenges that didn’t exist during the pandemic. What are these challenges and how can you deal with them?  Read More
Supreme Court Decision on ACA: What It Means to You

On June 17, 2021, the U.S. Supreme Court decided a case challenging the validity of the Affordable Care Act (ACA). This is the third challenge to ACA and each time the Court has allowed it to stand. Read More
25 Ways to Cut Expenses

With inflation and rising prices, higher wages and employee benefits, and other pressures on profitability, it’s essential for small businesses to look carefully at ways to reduce expenses. In some cases, it’s merely eliminating fat—big or small—from the budget; in others, it’s adopting different business practices that are less costly. The more you cut, the better your bottom line. And reducing outlays eases up on cash flow demands. Read More
Tweeting Tips
Tips for Tweeting: Who, What, When, Why, and How

The journalist’s guidelines—the 5 W’s (plus 6 if you include how)—are useful in covering all your bases for just about any activity. If your business uses Twitter to engage with customers and find new ones, apply these criteria and use some best practices for Tweeting to enhance your results and avoid problems. Read More
Sole Proprietorships: The Numbers Are Up

Each year the IRS releases statistics on various types of business entities, and most recently it released the latest statistics on sole proprietorships. These stats are derived from Schedule C of Form 1040 for 2018 returns in contrast to the number of such filers and their revenue with 2017 returns. Read More
Business Lessons from My Dad

Father’s Day was celebrated a few weeks ago. This day reminds me of the business lessons I learned from my dad at the dinner table each day while I was growing up. He was a co-owner of a machine shop—a small business—that made parts for such items as telephone equipment, helicopters, and the Minuteman missile. Needless to say, his lessons—spoken and unspoken—had a profound impact on me. Read More
Deducting Start-Up and Organizational Costs
Based on U.S. Census Bureau data for business applications, new business formation is on the uptick. The pandemic forced many business closures, but this data show the entrepreneurial spirit will not be stifled. If you’re thinking of starting a business now, recognize that it may be costly to get started and some time before you begin to bring in revenue.
From a tax perspective, how do you handle start-up and organizational costs…what can you deduct and when?
It's Already Hurricane Season: Here's How to Prepare
We've already dealt with Tropical Storm Claudette. That's a reminder that extreme weather can affect your small business, no matter where you're based.
Lending Money to Your Business: What to Consider
With the pandemic waning, the time for government assistance programs ending, and the economy growing, your business may need money now. Additional financing may be useful to expand your activities, hire additional employees and increase compensation and employee benefits, or just to pay for the rising price of inventory or other items you need.
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.
SBT 2021

Remember ...
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

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!
Running a business presents challenges, not least of which is cash flow. Cash flow is a problem for many people, but businesses have their own issues. How can business owners make the most of their cash flow? Listen here to my recent conversation with Doug Goldstein as we discuss this critical issue.
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
Three Critical Financial Factors to Help You Run a Better Business
Business owners may think that revenue (more sales), is the only financial concern that matters in their company...and they would be be wrong!
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.