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Looking Back on 2024: What's Changed for Small Businesses?
Many things happened in 2024—locally, nationally, and internationally. Some of these changes directly impact small businesses. Here’s a roundup of some key developments on the federal level of note. There are many more that are not included. Read More
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Growing Your Business with a New Business Plan for 2025 | | |
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Several years ago, a Harvard Business Review study found that having a business plan makes you more likely to succeed. “Entrepreneurs who write formal plans are 16% more likely to achieve viability than the otherwise identical nonplanning entrepreneurs.” Read More | |
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Diversity in 2025 What Small Businesses Need to Know
On November 25, 2024, Walmart announced it was rolling back its DEI (diversity, equity, and inclusion) policies. This follows similar moves—abandoning or revising DEI policies—by Ford, Harley-Davidson, Lowe’s, John Deere, Toyota, and others. Some of these companies have also ended their participation in the Human Rights Campaign Corporate Equity Index, which reports on policies related to LGBTQ+ employees. So, DEI may be dead, or on life support. Still, diversity lives, as I’ll explain. Read More
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Writing Off the Cost of AI, Metaverse, and Other Technology
A September 2024 report by the U.S. Chamber of Commerce entitled The Impact of Technology on U.S. Small Business found some very interesting things (see blog) ...What are you using in your business? Read More
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What's New Taxwise for Retirement Plans in 2025
Retirement plans are an important way to help employees build financial security.
If you look at the tax rules, there’s really no reason why many more small businesses don’t give their employees a retirement savings opportunity. Read More
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Partnerships and LLCs: A Look at IRS Statistics
A partnership is not a taxpaying entity, but files an annual tax return, Form 1065, to report income, deductions, and other items. The same is true for a limited liability company (LLC) with two or more members; it also files a partnership return. Read More
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What to Do if You Need Disaster Recovery Assistance
Between January 7, 2024, and November 7, 2024, there were 127 federally-declared disasters. It seems that the number of these disasters has been growing over the years. If your business is damaged or destroyed in a disaster, the government may be able to help, but do you know what to do to secure this assistance? Read More
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Celebrate Your Business Success
2024 has drawn to a close. Hopefully, it has been a good one for your business. Perhaps you’ve hit or exceeded your sales goals. Maybe you expanded your product line, hired additional staff, or added a new location. There are many ways in which to succeed. If it’s been a bad year for sales or you experienced a natural disaster, then just hanging on is surely a success. Here’s why celebrating is important and some ideas on how to do it. Read More
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Offering Gift Cards in Your Business: What to Know
The National Retail Federation predicts that gift card sales—a popular holiday purchase—could reach $28 billion this holiday season. “The average shopper will purchase three to four gift cards and spend $51.18 per gift card ($170.48 per person).” If you already offer gift cards or want to do so, be sure you’re doing things correctly. Read More
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Top Audio Books for Small Business
by Dorothy Cooper
Lifelong learning is paramount to running a successful small business. Read More
How a Payroll Software Free Trial Can Help You Make the Right Choice
by James Thompson
Handling the realm of managing payrolls can be quite daunting for businesses. Read More
Are Team-Building Events Effective?
by Jack Shaw
Team-building events can be an effective strategy if hosted correctly. Read More
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Top 5 Reasons You Need Customizable Templates for Your Business Estimates
by Brenda Wanjiku
Customizable templates for your business estimates are a game-changer. Read More
The Art of Appreciation: Custom Gifts to Celebrate Your Team
by Erin Shea
Ensuring your team feels valued is critical. Read More
How to Manage Global Mass Payouts with Ease
by James Thompson
Businesses—even small ones—are going global, and money is changing hands. Read More
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Timeline of CTA: Where Things Stand Now & What to Do
Congress passed the Corporate Transparency Act (CTA) in 2021. It was the sense of the Congress that bad actors conceal their ownership of corporations, limited liability companies, or other similar entities in the United States to facilitate illicit activity, including money laundering, the financing of terrorism, proliferation financing, serious tax fraud, human and drug trafficking, counterfeiting, piracy, securities fraud, financial fraud, and acts of foreign corruption.
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Form W-2 Filing Responsibilities for Employers
As the year comes to a close, your employees may have questions about their Form W-2s. Read this article to prepare for their questions and learn more about your responsibilities.
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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.
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What Is Form 940 and How Is it Used by Small Businesses
An employer's Annual Federal Unemployment Tax return, IRS Form 940, is filed once a year with the IRS by businesses with one or more employees. It calculates the employer's federal unemployment tax based on the business's annual payroll.
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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.
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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.
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Resources to Help Your Business Thrive!
500+ Big Ideas for Your Small Business
Ideas You'll Use Everyday!
Click Here to Purchase on Amazon
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Smooth Failing (Paperback Edition)
Top industry leaders share their secrets for turning pain into profit!
Click Here to Get Your Copy from Amazon
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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
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10 Best Small Business Blogs to Read in 2024
Honored to be included in this list
40 Best Small Business Finance
Blogs and Websites
Big Ideas for Small Business® Newsletter
Called "a must-read" for Small Businesses
Best Business Newsletters of 2024 (via Business.com)
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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
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