It’s not surprising that a survey published by Fox News found that business owners work twice as hard as employees. When you own your own business, you have a great deal of vested interest in the success or failure of the business. The majority of small-business owners say they work at least 50 hours per week, according to a recent…
With summer around the corner, it is not uncommon for many small businesses to put their high school and college-age kids to work in the family business. However, if you do hire young summer or temporary help, be sure that you do not fail to deduct the appropriate taxes. It’s not uncommon for many to mistakenly believe that taxes are…
Business plan is that sacrosanct set of documents that lays down the current and future scenario for the company. A business plan helps the small business owner in two ways – properly understanding the business idea and ways to implement the idea to success. Writing a business plan should not be treated simply as number crunching just to satisfy the…
According to the Louisiana Department of Economic Development, approximately 81,000 businesses in ten Louisiana parishes were affected by Hurricanes Katrina and Rita. To date, about 29,000 remain closed. For those small businesses that have reopened, staying in business continues to be a struggle. Even seven months after Hurricane Katrina, business is still sluggish for the many small firms that don’t…
We have been hearing a lot about designer garments, usually falling in high end fashion statements. What is so special about designer clothes that make them aspirational for commoners? People spend large chunks of money to acquire such labels. The answer lies in the psyche of the people. The pricey designer labels for one, are worn by page three public,…
If you’ve just started to think about your taxes then I have one word for you — EXTENSION! Filing an extension is your best option to put your taxes together properly, it’s unlikely that you will have everything together between now and the 17th to get your taxes filed properly. If you are a sole proprietor or single member LLC,…
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