September 1, 2019 -- Volume 18, No. 9
Bonus Depreciation
10 Things to Know about Bonus Depreciation

To run your business efficiently, you need good equipment and machinery. You may want to add to or replace what you have now. Newer versions usually run faster and smarter, and may be more energy efficient. In order to help businesses afford investments in such property, the tax law permits special write-offs up front. There is a Sec. 179 deduction (called “first-year expensing”), which is capped at an annual dollar amount ($1,020,000 in 2019 for most types of property). There is also a special allowance you can take to write off the cost of certain property, which is referred to as bonus depreciation. Read More
Can You Make Your Workers Sign Non-Compete Agreements?

A non-compete agreement is a contract between a company and an employee, barring the employee from “competing” with the company when he or she leaves the job. What sometimes happens is that employees gain vital skills and experience only to leave the employer and go into their own competing businesses. Or they find employment with a competitor who will pay higher compensation. Non-competes have been used to deter workers from leaving the company. But in recent years, the status of non-compete agreements has been in play. Read More
What Are ARPs and How Do they Work?

The U.S. Department of Labor issued a final rule that will expand accessibility of affordable retirement plans to small businesses. The rule, which has an effective date of September 30, 2019, may be changed after comments to it from the public are reviewed (the deadline for comments is October 29, 2019), but here are some facts to explain what association retirement plans (ARPs) are about so you can decide if they are a retirement plan option for your company going forward. Read More
Are You Engaged in Social Entrepreneurship?
According to Shopify, social entrepreneurship is doing business for a social cause. It could be called altruistic entrepreneurship. In researching this topic, there are different types of social entrepreneurship; all have value. . . to your business and your community. Read More
The Minimum Wage Conundrum: What Can You Do?

Currently, the federal minimum wage is $7.25 hour. But many states and some cities have higher minimum wage rates. The highest one is in San Francisco, where the rate is $16.30 per hour. With calls to raise the federal minimum wage rate to $15 per hour, what can small businesses do to cope with this added cost of doing business? The options aren’t easy. Read More
Developing Leadership Qualities: Grit

Several months ago I read Grit: The Power and Passion of Perseverance by Angela Lee Duckworth, Ph.D. and a MacArthur Fellow. She’d previously given a Ted Talk on the subject. Her theory is that grit is a predictor of academic and professional success. And to me, grit is a vital leadership quality. Read More
Is Bitcoin Right for Your Business?

Bitcoin, which began in 2008, has entered the vernacular. It’s not the only virtual currency out there, but it’s the one that most people know about. At present, a number of major companies, including Microsoft, Intuit, and, accept Bitcoin as payment. The question is whether you should too. Read More
Make Your Holiday Plans Now

If you’re planning to take a vacation or travel to see family at holiday time, it’s a good idea to book now. But even more important, if the holiday season is an important sales period for your business, now is the time to get started. It’s predicted that holiday sales are expected to grow 3.7% over last year and, for the first time, reach $1 trillion. Read More
Business Etiquette 101

Business etiquette is an umbrella term that includes not only business manners in the workplace (including business dining), but also business communications, business attire, and more. As someone who’s been around for a while, it’s amazing to think that a blog on the subject of business etiquette could be helpful, but I think it is. Read More
9 Health Insurance Acronyms Small Business Owners Should Know

Many health insurance acronyms float around these days. In the past, people counted on essentially two health care options. They included traditional group health insurance and, for seniors, Medicare. Today, you’ll find a number of health care options. Some of which specifically limit themselves to small businesses. The array of options may confuse you because of the many names used to describe them.
How Much Does an Employee Cost You?

When you think about adding a new employee to your payroll, determine what the actual financial cost of doing so means to your business. This includes the dollars and cents over and above the basic wage or salary you agree to pay. 
What Do Employers Need to Know about Individual Coverage HRAs?

Health reimbursement accounts (HRAs) have been used for many years by businesses to augment their group health plans. However, the Affordable Care Act and its employer shared responsibility provisions for applicable large employers — generally those with an average of at least 50 or more full-time and full-time equivalent employees during the prior year — have somewhat clouded the HRA picture.
3 Easy Steps for Mastering Business Etiquette

How many times have you been in a meeting when an attendee gets a phone call … and takes it right there and then? Don't do that.
Recommended Reading
eBook Cover_Uber and Lyft Driver's Guide
Introducing a NEW 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 and Lyft Driver’s Guide to Running Your Business, Kindle Edition, on Amazon today!

SBT 2019
J. K. Lasser's Small Business Taxes 2019

The small business owner's ultimate guide!
Remember, this edition also includes an e-supplement covering additional developments from Congress and the IRS to keep you fully up-to-date. Find it on Amazon.

175+ Big Ideas for Your Small Business

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