A monthly roundup of our top stories:

Tax Deductions for Cybersecurity

Cybersecurity describes measures you take to protect your computer and information from unauthorized access. Concerns about cybersecurity are relatively new. According to the dictionary, the term "cybersecurity" wasn't even in use before 1989, the first viruses started a decade later, but large-scale computer attacks didn't make headlines until about 10 years ago. The IRS and courts have yet to tackle specific costs related to cybersecurity measures. However, given commonly known tax rules, I think there's some guidance to be found.

business travel
Reimbursing Employees for Business Travel

If your employees go out of town on company business, likely the company is picking up the tab. From a tax perspective, there are certain ways to do this that can minimize taxes for the company and employees while simplifying record-keeping. 
Sounds too good to be true? Just look ...

Big Data and Small Business

According to Dictionary.com, big data is consists of "billions or trillions of records that are so vast and complex that they require new and powerful computational resources to process." Big data can be analyzed to more efficiently target customers, optimize your supply chain, improve manufacturing efficiency, and increase product innovation. In fact, according to IDBS (see the infographic), 29% of companies that have already used big data say it helps create new revenue. What does big data mean to small businesses?

Get Small Business Health Insurance Fast

Buying health coverage is increasingly important in this tight job market so you can retain your current workers and attract new ones, as I've mentioned in a previous post. The process may seem like an overwhelming task and a big distraction from running your business. It's not so. You can make highly informed decisions about coverage choices in less than 20 minutes. Let me explain how.

Opioid Crisis and Small Business
Opioid Crisis and Small Business
It seems no family, no community, and no business is untouched by the opioid crisis. HHS reports that in 2015 there were more than 70,000 deaths and this crisis cost the U.S. economy $78.5 billion.  How does this crisis impact your business and what can you do about it?

Your Obligation to Employees During Emergency Shutdowns

The hurricanes got me thinking ... do employers have to pay their staff during the period that a company is shut down? Hurricanes aren't the only situation in which a temporary shutdown can arise. A fire, blizzard, government-ordered closure, or any number of other reasons may temporarily force you to close your doors. Understand the legal and practical ramifications for your employees.

Getting Ready for Your 2018 Retirement Plan: Changes Ahead

Whether you already have a qualified retirement plan in place or are thinking of starting one for 2018, now is a good time to familiarize yourself with changes effective next year.

The Question of Boredom Isn't Boring

A recent survey from OfficeTeam found some astounding statistics regarding boredom in the workplace ...

Tax Developments for Farmers

According to the U.S. Department of Agriculture, there are over 2 million farms in the U.S. The vast majority are small farms, which means they're small businesses. The tax law has certain special rules for farmers and there have been several recent developments of interest to those engaged in this industry. For small business owners like me who are not engaged in farming, these developments help us understand some of the special challenges that farmers face.

2018 SMB Taxes
Presenting the NEW J. K. Lasser's Small Business Taxes 2018: Your Complete Guide to a Better Bottom Line

J.K. Lasser's Small Business Taxes 2018  is the small business owner's ultimate guide to a money-saving, stress-free tax season. 

There's no need to wait, you can get your copy from Amazon today! 

Note: The Free Supplement to the book will include information about tax reform (if enacted).

Running a Sideline Business? 5 Tax Issues You MUST Consider

Today, many people have a sideline business to make extra money, to test a business concept, or to just enjoy a different type of work. The gig economy, where self-employed individuals find freelance and other business opportunities through such online platforms as Uber, TaskRabbit and Upwork, is proving to be a good avenue for sideline businesses. But sideline businesses can be independent of any such platform. If you have a sideline business, or are thinking of starting one, make sure to understand the tax implications of your activity.
Post Hurricanes Harvey, Irma, and Maria: What It Means Tax-wise for Your Busines

In August and September, individuals and businesses in two of most-populous states in the country--Texas and Florida--suffered unprecedented natural disasters: Hurricanes Harvey and Irma. The impact was felt in Louisiana, Georgia, and shortly thereafter as a result of Hurricane Maria, in Puerto Rico and the U.S. Virgin Islands. For individuals and businesses directly impacted by a hurricane, it will take time to rebuild; tax rules can help alleviate some of the financial cost. For them, and for businesses throughout the country that were not directly impacted, special tax rules come into play.
The Importance of Time Tracking: What are the Most Effective Options?

Employers may want to believe that everyone they hire is a conscientious worker whose time on the job need not be monitored. However, even if employers want to believe the best about their employees, the federal Fair Labor Standards Act (FLSA) requires employers to track employees' hours worked and maintain certain records.
I'm Honored and Grateful for the Ongoing Recognition of my Blog!
Some of the most recent awards include:
List of 120 Absolute Must-Read Blogs for Entrepreneurs (by BestWebFirms.com) 
Top 25 Small Business Influencers and Experts You Need to Follow (by Emerge)
Best Small Business Blog 2017 (by FitSmallBusiness.com)
Top Small Business Blogs of All Time (by Loyverse)
Top 100 Small Business Blogs on the Web (by Feedspot)
Best Small Business Blogs 2017 (by MarketInspector.com)

Hear My Radio Conversations with Featured Guests:

Chad Moutray, Chief Economist for National Association of Manufacturing (NAM), joins Barbara to discuss current economic reports and their impact on small businesses.

Kevin Kuhlman, Director of Government Relations for the National Federation of Independent Businesses (NFIB) talks with Barbara about the latest small business optimism survey and other issues, including healthcare and tax reform.
Do You Host Tweetchats?  
If so, let us know! You may want to be included in our calendar of high-quality Tweetchats for small business and entrepreneurs. Send us the details: name of sponsor(s), host(s), topic, date and time, and hashtag!
150+ Big Ideas for Your Small Business

You don't want to miss out on this updated version of 
"150+ Big Ideas for Your Small Business, 2017 Edition" 

... it's 


Stay connected and see what's happening on our social media sites:
 Visit our blog         View on Instagram

November, 2017 | Copyright © Big Ideas for Small Business, Inc.