February 1, 2025 -- Volume 24, No. 2

Click Here to View Online

Wildfires 2025

Up In Smoke: Dreams of Small Business Owners Lost in the California Wildfires


I was a little hesitant to write about this event while embers are still smoldering, but I concluded that there’s much to be said and done about this situation. ... The word “sad” doesn’t come close to expressing how I, and many others, feel about the situation. With that said, here are some of the ramifications for affected small business owners—and everyone else—to consider: Read More

10 Potential Business Threats and How You Can Be Prepared

10 Business Threats and How You Can Be Prepared

“Forewarned is forearmed.” ~ Latin proverb

Things happen. In many cases you can’t prevent them from happening, but you can be aware that they could occur so you can be prepared. Here are 10 situations you should be thinking about and what you might be able to do now. Read More

12 Tax-Related Questions About a Company Vehicle


Most businesses use vehicles—cars, trucks, or vans—to conduct their activities. For example, on Schedule Cs for self-employed individuals in 2021 (the most recent year for statistics), deductions for car and truck expenses totaled nearly $9.1 billion! Read More

How to Scale Your Business this Year: An Overview


Scaling a business means growing a company while keeping costs in hand to maintain or increase profit margins. There isn’t just one way to do it. Scaling a business involves many things. Read More

Contrarian Business Practices: Swimming Upstream for Success


Salmon famously swim upstream to spawn and ensure the survival of their species. It’s a good metaphor for small business owners…go against the grain to ultimately prevail. Today’s business environment emphasizes the role of technology and doing things as fast as you can. But success may be found in eschewing technology in favor of some old-time practices and slowing certain things down. Read More

Information Returns: What to File and When


Filing your tax returns for income, employment, and excise tax purposes is only a small part of your reporting obligations. Being in business puts a number of tax-related information return requirements on your shoulders. Read More

Changes

Changes in 2025 and 2026 for Your Qualified Retirement Plan


If you have a qualified retirement plan for your business, you know that every year there are changes. This year and next year bring even more than the usual number of changes. These changes require you to adapt your retirement plan, inform employees, and adjust your budget for employer contributions where applicable. Read More

Section 530 Explained and What You Need to Do


Alert: The IRS just released more guidance on Sec. 530 relief. In determining whether an individual is treated as an employee, in addition to the usual factors of income tax withholding, filing employer quarterly returns, and filing W-2 forms, the IRS added “contracting with a third party to perform acts required of employers with respect to an individual.” Read More

Age Matters in Your Employee Benefit Plans in 2025


It’s axiomatic that businesses can’t discriminate on the basis of age when it comes to hiring, promotion, etc. A federal law—Age Discrimination in Employment Act—bars discrimination for those age 40 and older. But when handling employee benefit plans, age matters, and there are special rules tied to age. Law changes in recent years further complicate age-related tax rules in employee benefit plans. Read More

5 Strategies for Actualizing Your New Year's Resolutions


Many small business owners may set resolutions they hope to pursue in the coming year. Maybe it’s about finding and retaining good employees, adopting AI and other new technologies, or improving work-life balance. There are no statistics on how many small business owners set resolutions. But having resolutions is one thing; seeing them through is quite another. Read More

Our Featured Guest Blogs

Eye Strain Is Rising Among Remote Workers -- Here's What You Can Do

by Christine Mitchell

The popularity of remote work is unsurprising, especially since it has many benefits, including flexible schedules, better work-life balance, and greater cost savings. Read More


Wearable Branding Can Boost Your Small Business Marketing Efforts

by Brenda Wanjiku

When it comes to standing out as a small business, creativity often makes all the difference. Read More

Cost-Effective Event Marketing Strategies

for SMBs

by Jack Shaw

Event marketing takes various forms. It might involve a nationwide trade show or a table at a community festival. 

Read More



10 Cybersecurity Strategies for Businesses: Protecting Against Modern Threats

by Brenda Wanjiku

Cybersecurity has become one of the most pressing concerns for businesses in the digital age, and for good reason.  Read More


You could have a featured blog, too! Click here to learn what we're looking for in a guest blogger.
SCORE LIVE Webinar

February 25, 2025 at 1:00p.m. EST

Mastering Small Business Taxes - A Startup Guide to Taxes

Barbara Weltman will guide you through the key aspects of small business taxes to help you enhance your tax literacy and empower your business for financial success. After this webinar, you will walk away with a better understanding of taxes including:

  • How your choice of entity affects your tax bill
  • Why and how taxes influence business decisions
  • How to find answers to tax questions when running your business
  • When and how to work with tax professionals
  • Strategies to lower your tax bill

Register Here

SBT 2025

THE 2025 TAX BOOKS ARE HERE!

#1 New Release in Small Business Taxes

The 2025 edition for preparing 2024 returns as well as tax planning for 2025.

Available from Amazon

NOTE: Be on the lookout for the free online supplements to be posted very soon!

2025 1001 Deductions

Filing Your Business Income Tax Return: What to Know for 2025

It's an annual challenge: filing tax returns for your business. Business tax returns include filing federal income tax returns, state returns, and local returns for businesses and owners. This responsibility cannot be avoided. The best way to handle this task is to prepare and start immediately.

Read the full article on Paychex.com

10 Women in the Entrepreneurship Space You Should Be Following

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.

Click here to view the list of 10 Women Entrepreneurs to follow!
Also, honored to be 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.
Click here to to view the article!

Resources to Help Your Business Thrive!


500+ Big Ideas for Your Small Business

Ideas You'll Use Everyday!

Click Here to Purchase on Amazon

Smooth Failing (Paperback Edition)

Top industry leaders share their secrets for turning pain into profit!

Click Here to Get Your Copy from Amazon

Home-Based Business Start-Up Guide: A Step-by-Step Road Map--with Checklists--to Get You Started-Up, Profitable, and Successful

Click Here to Purchase from Amazon


BWeltman_Badge 2023

Honored to Receive this Award!



Marquis Who's Who

Honors Barbara Weltman--Who Is Recognized for Expertise in Law and Business


Read Full Press Release Here

Blog Recognition Badge
SmallBusinessEdge

The 2030 SMB Project Series: Talking Digital Currency

with Barbara Weltman

In this special episode of the Small Business Edge Podcast, Brian kicks off the 2030 SMB Project podcast series by discussing the state of digital currency with Barbara Weltman, an expert in small business taxes and the president of Big Ideas for Small Business. 

Listen Here

Reminder to Download the Free eBook!

"150+ Tax Deductions for Small Business A to Z"

Our latest e-book is FREE to download when you sign up for our monthly newsletter and Idea of the Day® mailings!

Note: Regular subscribers, you won't receive duplicate mailings if you download the new e-book.

How are we doing? Why not leave a Google Review!
Review
Facebook  X  Instagram  Youtube  Linkedin