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October 1, 2023 -- Volume 22, No. 10

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Join me for a Live Webinar on October 24, 1 PM EDT

"Year-End Tax Planning for Your Business for 2023"

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Get Ready for the Beneficiary Ownership Information Reporting Rule


The federal government recognizes that “illicit actors frequently use corporate structures such as shell and front companies to obfuscate their identities and launder their ill-gotten gains through the U.S. financial system.” ...Starting in 2024, the government will require registration of many entities so it can maintain a national registry of beneficial owners.  Read More

Recession-Proofing Your Business: All About Cash

The old expression “cash is king” really hits the mark during a recession. SCORE reports that 82% of small businesses fail due to cash flow problems. To help recession-proof your business, be sure to have cash and manage it wisely. Here are some ways to do it. Read More

The Good and the Bad of Using AI to Create Content


Today, anyone (including me) can figure out how to use ChatGPT (Open AI) to create content. It can produce blogs, marketing materials, video scripts, and more. This generative AI tool is free and can be helpful. But there are some serious issues to note. Read More

Helping Employees with Their Student Loans


It’s that time of the year when thoughts turn to back-to-school activities. For many, repaying student loan debt may be among these activities. The Federal Reserve says student loan debt is $1.77 trillion. A plan for the federal government to forgive some of this debt was struck down in June by the U.S. Supreme Court. A new student loan relief proposal is on the table but has not been put into effect. Read More

Office Work Arrangements

10 Work Arrangement Options for Office Employees


The labor shortage that resulted from the pandemic persists today. This means that employers must devise work arrangements to attract and retain valued employees. During the pandemic, working from home became the norm for many employees. Is that still a desirable arrangement? Read More

Are Your Employees Bored?


The new challenge for employers is to be sure their staff does not suffer from being “bored out.” Workers who aren’t engaged are more likely to leave a job than those who feel challenged and connected. It was reported that 20% of people who changed jobs said boredom was their main reason for doing so. Read More


25 Years Since the IRS Restructuring and Reform Act of 1998


It’s impossible these days to listen to or read the media or view social media posts without finding out something about the IRS. In 1998, Congress enacted the Internal Revenue Service Restructuring and Reform Act. It passed unanimously in the Senate and made significant changes in IRS rules as well as tax rules for taxpayers. Looking back, let’s see how the changes worked out and where we stand now. Read More

Proposed Changes in Overtime Rules and What to Do About Them


If certain employees work more than 40 hours in a workweek, they must be paid time and a half. This requirement can’t be avoided in most cases by giving workers comp time. The thresholds for determining whether certain employees are subject to this overtime rule was last changed in 2019. Now, the DOL has proposed an increase in the thresholds. Read More

 
Featured Guest Blog
 
Brand Strategy

How to Develop a Brand Strategy

by Zach Johnson-Medland


Building a brand strategy for a business helps create cohesion for the marketing strategy, outreach efforts, and overall perception and experience of the business. A brand often consists of a mission statement and values that are communicated through visual, verbal, and other elements to create a unique customer experience of a business. The customer’s experience helps foster a sense of community through the shared values of the audience and the business. Read More

Want your blog featured? Click here to learn what we're looking for in a guest blogger.

Boost Your Business by Using Generative AI


Generative artificial intelligence (AI) is a technology that can be used to analyze data, create content, and handle various business tasks more efficiently than you and your employees could do. AI makes positive and negative headlines almost every day, from the rapid growth of ways AI can be used in business (a positive) to dire predictions that it can upend civilization (a negative). According to the SBE Council’s survey earlier this year, 65% of small business owners believe AI is useful for businesses. 

Read the full article at the Small Busing & Entrepreneurship Council

A Recent Podcast


David Leopold and Barbara discuss taxes and her new 2024 tax books.

The conversation includes highlighting the biggest issues facing small business owners now and the many challenges employers and employees are facing. Plus, you'll hear more about the ever-changing environment of regulations.

Watch on YouTube

Recent video podcast with Barbara Weltman and David Leopold

The Good and the Bad of Using AI to Create Content


Today, anyone can figure out how to use ChatGPT (Open AI) to create content. It can produce blogs, marketing materials, video scripts, and more. This generative AI tool is free and can be helpful. But there are some serious issues to note. 

Read the full article at the Small Busing & Entrepreneurship Council
 
More Helpful Resources for You
 
 
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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.
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Also, honored to be featured in this LinkedIn article:
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You can learn more and discover some great resources in this article.
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