For most of you that have recently started a business, monitoring your costs is very important. Why spend money on office rent when you can work from home. Not only is your commute to work considerably shorter, but you may be entitled to a tax deduction. The following is a brief summary of the home […] Read more “Home Office Deduction Rules”
Category: Small Business
It has been said that marriage is a partnership. Sometimes, however, marriage can be a sole proprietorship, or a joint venture, or an LLC. Many married couples decide to go beyond the metaphorical business of marriage and go into actual business together. As with any other company, those established and managed by spouses can take […] Read more “I Now Pronounce You a Qualified Joint Venture: Tax Options for Spouses as Business Partners”
A small business guide to fringe benefits taxes A healthy workforce can significantly contribute to the health of a company’s bottom line. The prospect of increased productivity and decreased healthcare costs provides an incentive for employers to do what they can to promote their employees’ well-being. For many businesses, doing so involves wellness programs that […] Read more “Keeping Your Company’s Wellness Program in Good Tax Shape”
If you don’t think hacking and other cyber-threats pose a huge risk for small businesses, think about this: a polarized Congress seemingly unable to agree on anything actually passed a bipartisan bill about it. As reported in The Hill, the Senate approved legislation in late September which would require the federal government to offer more […] Read more “5 Critical Cyber-Security Steps Your Small Business Can Take Immediately”
If you’re an entrepreneur or a start-up founder, no matter what industry or field you are in, you are also a salesperson. You are selling investors on your idea and you are selling potential partners and c-suite colleagues on your vision. Let’s face it, sales is important for any startup. You may also be the […] Read more “4 Tips for Building a Powerful Start-Up Sales Team”
His name is not on the 20,000 restaurants around the world that sell french fries, Egg McMuffins, and Big Macs to tens of millions every day. But Ray Kroc is the reason that a bus driver in Philadelphia and an accountant in Berlin can dine on the exact same food served exactly the same way […] Read more ““The Founder”: 3 Nuggets of Start-Up Wisdom from Ray Kroc”
You can’t start up your start-up anywhere. You need access to talent, capital, and infrastructure. Ideally, you’ll be in city with a public and private sector that cooperates with and supports entrepreneurs. What you don’t need are astronomical rental, living, and other costs that can be a serious drag on your business’ ability to gain […] Read more “3 Reasons Why Nashville is a Booming Hub for Startups”
Early stage and start-up companies can invest in crucial research and development activities while pocketing significant – and now permanent – tax credits to offset the costs of those investments. The PATH (“Protecting Americans from Tax Hikes”) Act of 2015 allows entrepreneurs to commit significant resources to innovation and receive huge tax benefits even if […] Read more “The PATH Act is a Great Step Forward for Start-Up R&D Costs”
Ask any long-suffering, die-hard Chicago Cubs fan what it meant to them to see their beloved team win the National League pennant and appear in their first World Series in 71 years and you may hear words that transcend the game of baseball and enter the realm of the spiritual. A lifetime of faith, hope, […] Read more “5 Things Start-Ups Can Learn From the World Series Champion Chicago Cubs”
Board rooms these days are still predominantly male, but when a female exec graces the table, she’s typically reporting higher company earnings, data shows. As women climb not just the corporate ladder but are increasingly starting companies all of their own – Birchbox, Tory Birch and Flickr were all started by women, to name a […] Read more “4 Key Ways Women Business Leaders Are Reshaping the World”
On Oct. 30th, 2015, the Security and Exchange Commission (SEC) adopted new rules around equity crowdfunding, signifying one of the final steps in fully enacting the Jumpstart Our Business Startups (JOBS) Act, which was signed into law in 2012. The rules went into effect in May 2016. Today, we’re here to give startup and small […] Read more “The Pros and Cons of the SEC’s New Equity Crowdfunding Regulation”
As a small business or startup, you have the challenge of spending as little as possible to bring in (ideally) exponentially more – not a simple feat given that your time and energy is by definition split in multiple directions. Thus, the age-old debate: How should you fund your vision? Do you bootstrap, funding everything […] Read more “5 Reasons You Should Bootstrap Your Business Instead of Raising Capital Meta: As a startup, you have the challenge of spending as little as possible to scale your business. How should you fund your vision—bootstrap, or raising capital?”