It is not joy that makes us Grateful, it is gratitude that makes us Joyful. This is the week of Thanksgiving and I wanted to write about all the wonderful things that I am grateful for….. In striving for success we all forget to stop and sometimes smell the roses. Its only when we stop [...]
If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. A sole proprietorship is a one-person business that reports its income directly on the individual’s personal tax return (Form 1040) using a Schedule C. There is no need to file a separate tax return as is [...]
So I normally wouldn’t buy into the whole gossip girl thing. I believe that if you focus on what you have to do, you know that it is your God-given direction and you are doing what you love, it does not matter what people say. That is a true statement and I agree with [...]
Budgeting and forecasting are two of the most important financial exercises performed by businesses, regardless of their size. Unfortunately, they are also two exercises that many businesses fail to perform accurately or efficiently. The biggest common problem is that most budgets and forecasts are created without any room for flexibility. Managers are told at [...]
If your tax deductions normally fall short of itemizing your deductions or even if you are able to itemize, but only marginally, you may benefit from using the “bunching” strategy. The tax code allows most taxpayers to utilize the standard deduction or itemize their deductions if that provides a greater benefit. As a rule, [...]
If you are the owner of a small business, you are endlessly busy. Between keeping track of the day-to-day requirements and monitoring growth and profit, it’s easy to get overwhelmed and that means you might neglect important recordkeeping that will help you in the long term. Here are five helpful hints that will make [...]
Five-Year Anniversary of Healthcare Reform: It has been five years since the Patient Protection and Affordable Care Act (the ACA) was signed into law. Healthcare reform has certainly been controversial, but this controversy does not absolve some businesses of certain responsibilities when it comes to offering minimum essential healthcare coverage to their employees. [...]
“A sale isn’t a sale until you’ve collected payment — it’s just a loan,” a wise businessman once said. If you’ve been in business for any length of time, you know how true this is. Many small businesses that were profitable on paper have gone bankrupt waiting for payment from their customers to arrive. [...]
When you're hiring outsourcers to help your business grow, it's common to hire people from other parts of the world. You can often find highly skilled help in other countries for a much lower price than in your own. But hiring workers from another country involves a few unique challenges, and one of them is [...]
There are many reasons why companies outsource but the main one is to save money. Although you have to pay outsourcers for the work they do, in the long run it'll be cheaper than hiring in-house staff. The only problem is that it's sometimes hard to control how much you spend outsourcing, and this can [...]