If you just started your home-based business in the last year, you may be apprehensive about your first time filing and paying small business taxes. Never fear: these tips will make tax season easier for you.
For those of you who started a business before the age of social media, blogging, and websites, you can attest: it’s a lot easier to be an entrepreneur these days. Back then, we spent more time on the phone cold calling, and direct mail was booming. Networking was done face-to-face, and we couldn’t always track our marketing efforts. My, how times have changed.
Our team has been working hard for the past few months to perfect our latest complimentary service to CorpNet.com customers and in a continuing effort to give our clients the best service available out there, we’ve taken a leap past the competition by offering this free service. It’s live and we are so excited to introduce you to the Compliance Portal The Compliance Portal that will send you reminders of important due dates and business filings such as deadlines for tax filings, annual reports due, and so much more helping entrepreneurs keep their business compliant [...]
If you've got work up to your eyeballs and are operating in high stress mode, you may have trouble remembering why you started a business in the first place. It seemed like a good idea at the time, but now you're inundated with bills, complaining employees, and nonstop work.
A small business owner’s life can be a real roller coaster. There’s no road map, and pitfalls lurk around every corner. While making mistakes may be a great way to learn, it’s a lot better to avoid them in the first place.
Passing family knowledge from generation to generation is a way to keep traditions alive and teach success. The same can be said about business strategies. Gathered information for success has been passed on from business to business, with the hope of helping other people grow and make their business succeed.
Individuals launching small businesses in the United States may have dramatically different experiences depending on where they are located. Each year, various policy groups and news organizations publish lists of the states that are the most and least "business-friendly." Interestingly, a state that is deemed business-friendly may have an adjacent neighbor that's regarded as unfriendly to businesses. And although the specific state rankings may vary from one list to the next (often based on the criteria the judges use to make their determinations), there are clear trends. The following information highlights some of the features that impact whether or not a particular state is welcoming to start-up companies.
More Americans are working for themselves than ever before. Call them freelancers, contractors, micro business owners, entrepreneurs…a recent report says that there are now 17 million full-time independents in the U.S. Even if this is your first year as self-employed, you probably already know that your income taxes are more involved than your colleagues who only have a W-2. However, the complexity also brings opportunity, as freelancers can deduct a lot of their expenses, such as the cost of a computer, office supplies, and work-related travel.
There's a certain exquisite irony about writing a piece on reducing stress as a small business owner while on vacation. And yet, here I am, while my family is out shopping or playing golf, sitting poolside with a laptop. Yep, I'm that guy. I hope I'm getting a good tan from the glare off the screen.
The number of Americans working from home has jumped 41 percent since 1999. And as technology continues to evolve (mobile, social, collaboration), we can expect more growth in work-at-home jobs and telecommuting. While the work-from-home lifestyle brings some significant perks, it’s not without its challenges. You may not need to deal with the daily commute or rush-hour traffic, but there’s a new set of struggles that are unique to the home office. Here’s a breakdown of the top four pitfalls associated with working from home and how to overcome them:
When it comes to lowering your taxes, there is no simple path. The tax code is highly complex and voluminous. What works for one person might not work for someone else. However breaking down how individual taxpayers can lower their taxes can be simplified by knowing and understanding a few fundamental concepts.
This Valentine’s Day, I sent a big box of chocolates to small business owners everywhere. And I’m not alone. According to a 2012 Public Affairs Pulse Survey, 88% of adults interviewed have a favorable view of small businesses. Only 16% said the same about major corporations. Here are six reasons why I love small businesses and will continue to support small business owners in every way possible: 1. Small business owners work tirelessly Entrepreneurs and small business owners are used to working long hours. The latest SMB Wellness Index from Manta found that small business owners are working longer hours than they have in the past. Nearly half (49%) said they worked more than 50 hours/week in 2012, compared to 40% in 2011. 26% worked up to 60 hours a week in 2012, 14% worked up to 70 hours, and 9% admitted to working more than 70 hours a week.
I attended two meetings about Community Managers this past week, and both got me thinking about how businesses always benefit from connecting with their customers like a community. What is a community manager, you may ask? Tim McDonald of the Huffington Post Live likens it to being like a "magnet" that brings people toward your business. Community managers typically work on the social media and web presences of companies, helping guide conversation with a light hand and keep fans of the company engaged. If you could add in great friendly communicator, customer service maven, metrics fan and a desire to get everyone on board with your company's brand – that would be a community manager. Sounds like a helpful role for someone who is starting a business.
If you're ready to dive into starting a business, but can do without some of the risk you have starting one from scratch, consider a franchise. Owning a franchise takes a lot of the initial work out of the equation, as the franchisor essentially hands you a business solution you simply unpack and put to work.
If you're looking to get into the cleaning business, there's plenty of opportunity to go around. In fact, the role of professional cleaning specialist is slated to be the fastest growing occupation for the next ten years. Whether you plan to buy an existing franchise cleaning service or go out on your on, there are a few things you need to take care of before you can start accepting clients.