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December 1, 2020 -- Volume 19, No. 12
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Payroll Tax Issues for Remote Workers

Telework was a growing practice before the pandemic. With stay-at-home orders, the number of employees working remotely skyrocketed. Even as these orders have lifted, many employees continue to work from home.
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5 Simple Tips for Staying Connected with Coworkers and Associates
5 Simple Tips for Staying Connected with Coworkers and Associates
Staying connected is vital for many reasons. Collaboration is a key underpinning of innovation. And connection is important for mental health. One of the biggest complaints from those who’ve been forced to work remotely because of the pandemic is the lack of connection with coworkers.
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Tax Changes from COLAs for 2021

Due to cost-of-living adjustments (COLAs), various limitations and amounts used for tax deductions, credits, and other purposes, the tax rules for 2021 will be slightly different than in 2020. Read More
Preparing for Economic Changes: Added Costs of Doing Business

Economic change can result from any number of factors. The one most prominent now is the pandemic, which caused dramatic shifts in the business landscape. These translate into added costs, some of which are very visible and some largely hidden. Read More
Answers to Year-End Tax Planning Questions

On November 3, 2020, I did a SCORE LIVE webinar on Year-End Tax Planning for Your Business (you can listen to a recording). Due to high attendance, there were many questions but not enough time to answer them all. Here are some of the questions and answers that may be helpful to your business (it’s not all of them). Read More
Gratitude
Gratitude on this Thanksgiving 2020

This has been a very tough year for all of us, especially many small businesses. Some owners have seen their dreams dashed by closures and losses. Others have struggled to maintain contact with employees and customers. Overall, it may seem difficult to count blessings at this time. Nonetheless, there is still a lot to be grateful for. Read More
5 Ways Not to Waste Your Time and Efforts

Time is a precious commodity. If you are now working remotely and saving minutes or hours each day that you don’t have to commute, it’s still important to make every minute, and every dollar, count. Read More
Veteran-Owned Small Businesses

Veterans Day each year is a celebration to honor America’s veterans for their patriotism, love of country, and willingness to serve and sacrifice for the common good. From a business perspective, it’s also a good time to recognize that veterans make great business owners and there are special opportunities for them. Read More
5 Tips to Get Ready for Filing W-2 and More
Businesses not only have to file their income tax returns, but also various information returns. The failure to file these other returns can result in costly penalties. Here are some forms you’ll need to file in 2021 to report payments in 2020.
Read the full article at Small Business Trends
10 Year-End Tax Planning Actions to Take Now
As the days get shorter, the time for attending to important year-end tax actions also becomes shorter. Here are 10 small business tax tips to help you reduce taxable income on your business tax return for this year and get ready for next year.
Read the full article at The Blueprint
SBT 2021
Announcing the New 2021 Tax Books!
They're both available for purchasing from Amazon NOW!

J.K. Lasser's Small Business Taxes 2021
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

1001 Deductions 2021
J.K. Lasser's 1001 Deductions & Tax Breaks 2021: Your Complete Guide to Everything Deductible
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.

More Resources You Won't Want to Miss!
Home-Based Business Start-Up Guide: A Step-by-Step Road Map--with Checklists--to Get You Started-Up, Profitable, and Successful
by Barbara Weltman
Click Here to Get Your Copy from Amazon
(Available in both eBook and Paperback)

HBM Home-Based Business Start-Up Guide
Persevering and Thriving as a Small Business Owner

Hear my recent video conversation with Donna White as we talk about entrepreneurship, lessons learned about persevering and thriving as a small business owner.
You can view the video here.
Podcast Tax Planning 2020
Talking 2020 Taxes on the Small Business Edge Podcast
Brian Moran and I are discussing important tax planning for 2020 and I share five things business owners need to do now.
Listen to the Podcast on Small Business Edge
I'm honored that my blog has been recognized as a
Top Small Business Blog for 2020
and included in
8 Financial Blogs Small Business Owners Need to Read
Top Small Business Blog List for 2020
Blog Recognition Badge
10 Women in the Entrepreneurship Space You Should Be Following
New eBook 2020
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"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.
Subscribe here to get access to this valuable eBook!
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