At the beginning of a new year, it is not uncommon for many small business owners to turn their attentions to financial planning such as setting sales and profit goals. However, one commonly overlooked area that many businesses need to direct their attention to is the role of their employees in meeting those goals. Owners need to ask themselves how…
As at the start of any new year, businesses are inundated with a load of new local, state and federal laws to sift through. Here are just a few tax law changes that may impact your business: Increased section 179 limits. The maximum section 179 deduction you can elect for property you placed in service in 2007 is increased to…
On the surface, the Tax Increase Prevention and Reconciliation Act of 2005 passed by Congress and signed by President Bush this year, looked liked a good thing. After all, it extended the life of reduced tax rates on capital gains and dividends and extended the alternative minimum tax(AMT) tax reduction. And for
Homestead.com compiled a list of what they believe to be the hotest home-based business trends in 2007. They are: E-Learning: With advances in new web application tools such as podcasts and video blogs, development costs will decrease. E-Bay Aftermarket: Helping companies conduct market research, pricing strategies, shipping, and competitive analysis is a great niche business. Children Arts Education: There is…
Protecting personal and business assets are usually a priority for most business owners. Afer all, you don’t pour your heart and soul into building up a business just to open yourself and your business up to potential liability. There are steps that you can take to not only protect your personal and business assets, but also eliminate and/or reduce your…
According to a survey by Discover Small Business Watch, a majority of small business owners do not predict any major impact from a minimum wage increase to their business. In large part because they already pay their employees above the proposed minimum wage increase. 70% of small business owners say an increase in the minimum wage to $7.25 per hour…
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