October 1, 2020 -- Volume 19, No. 10
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Why You're Going to Need More Cash in 2021 for Your Taxes
This year has been a very difficult one for small business owners. Some tax rules have made it a little easier to defer some taxes to next year. But that means coming up with cash to pay them. In addition, some other situations may contribute to owing more taxes when filing 2020 returns in 2021. Here’s what to keep in mind so you aren’t caught short of cash when needed.
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Preparing for Economic Changes: Mindset Makes a Difference
Small business owners have been through a lot in the past months. Many have seen substantial declines in revenues, some have had to pivot their business models, and unfortunately, some have already gone under. But if history has taught us anything, times change and businesses find ways to come back; entrepreneurs find ways to start up again. Read More
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10 Time Management Ideas for Remote Working |
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As the lyrics to Fly Like an Eagle by the Steve Miller Band say: “Time keeps on slippin’, slippin’, slippin’ into the future.” For those working remotely from their homes, it’s all too easy to become distracted or waste time needed for work.
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Required Notices for Your Employees
The government mandates that you provide employees with notice about various things. If you don’t, you can be penalized. Some notices can be handled with workplace posters. Others require personal notice to each employee. Read More
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Start of Autumn: Business Dates to Plan For
The calendar notes that summer is officially over and fall has begun. The start of autumn typically triggers the beginning of preparations for the holiday season. But it’s also a time for other actions. Read More
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Borrowing for Your Business: Financial and Tax Implications
As many small businesses struggle to survive the pandemic, loans have become a lifeline. If you need money and are able to borrow it, be sure to understand what it means from a tax and financial perspective. Here are some key issues to consider. Read More
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Back to School Tax Breaks
Fall is back-to-school time for both children and adults. While schools are figuring out how to open and operate during COVID-19, businesses and employees may be thinking of ways to pay for higher education and continuing education. As a general rule, the cost of this education can be pricey, even for online programs. Fortunately, the tax law provides certain key education-related breaks to help manage the cost. Read More
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Electronic Signatures on Your Forms and Documents
The pandemic has impeded the ability of people to meet with lawyers, accountants, and others to sign necessary documents and forms. A good alternative to “wet signatures” is e-signing. Be sure to understand when and how to use this option. Read More
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How to Create Company Policy for Sustainability
The Sustainability Accounting Standards Board (SASB)is an organization founded in 2018 whose mission is “to help businesses around the world identify, manage and report on the sustainability topics that matter most to their investors.” ... It’s unlikely that investors in small businesses, many of whom are family and friends, will require SASB information, understanding what this information contains may help owners decide on company policy for sustainability. Read More
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In the final quarter of this most unusual and challenging year, there is still time to take actions that can favorably impact your bottom line and your tax bill for 2020.
I'm very pleased to be sharing important tax information for your small business in this upcoming webinar.
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Tax Do Overs: Opportunities to Correct Mistakes and Get Cash Back
Filing your income tax return may not be the end of the tax story for the year. You may revisit taxes for the year by means of an amended return. Due to various law changes resulting from the pandemic, there are several refund opportunities you may qualify for and obtain a tax refund if you file an amended return; the IRS doesn’t send such refunds automatically.
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Payroll Tax Credits to Get You Through the Pandemic
COVID-19 triggered stay-at-home orders, business closures, and government shutdowns. To try to preserve jobs and save businesses, federal policy created various tax credits to help employers and employees weather the pandemic.
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5 Things to Know About Healthcare Coverage for 2021
The pandemic has made everyone acutely aware of the need for health coverage. Small businesses struggling to survive are challenged to find ways to offer health coverage as a fringe benefit to employees.
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"It’s a by-the-numbers tutorial on how to launch a successful home-based business."
-- Jim Blasingame, Host of The Small Business Advocate Show
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Your GPS to Get You Where You Want to Go In Your Business (Kindle Edition)
Do you enjoy driving and being your own boss with flexible work options? Are you looking for a part-time (or full-time) activity that earns good money? Maybe you’ve already discovered that there are great opportunities for making money with your car. Or, you’d like to become a delivery driver driver but uncertain how to begin. This guide, "The Delivery Driver Tax and Business Guide" is your answer!
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What every self-employed person needs to know about their taxes!
This second edition helps you file your taxes correctly, accurately, and on time.
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An eBook for Ride-Sharing Drivers!
Harvey Bezozi and I created an e-Book for Uber and Lyft drivers as the GPS to help them get where they want to go in their business, safely and securely. You can find The Uber/Lyft Drivers Tax & Business Guide, Kindle Edition, on Amazon today! NOTE: This is an updated version.
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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
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