Important Upcoming Compliance Deadlines for Your Business
Busy small business owners have many tasks on their plates: A significant one is staying on top of important tax and filing deadlines. These important dates may vary depending upon the business’ structure. Here are some of the most critical deadlines business owners may need to meet over the next few months. Federal tax deadlines […]
Can Your Small Business Write Off Bad Debts?
Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a bad debt deduction. What Is Considered […]
What You Need to Know About Non-Compete Agreements for Your Employees
A small business that has invested substantial resources in developing a product or a customer base could be devastated if its employees then go to work for a competitor down the street or set up their own competing business. A non-competition agreement is an important tool that could protect your business from former employees who […]
Business Insurance: Protecting Your Business from Unexpected Losses
As a small business owner, you have invested large amounts of time and money to make your business a success. Business insurance protects this investment if unexpected damage to property occurs or lawsuits, which could otherwise devastate to your business. There are many types of insurance available depending upon your business. General Liability General liability […]
The Employee Handbook: The Holy Grail of Your Business
Employee handbooks address the who, what, where, why, and how of your business operations. Your employee handbook will protect you and your business by setting expectations and providing consistency for your employees when situations arise. What Information Should an EmployeeHandbook Include? https://www.youtube.com/watch?v=YAmb1l1pEL4 Ideally, employee handbooks address anything significant related to your company, employees, operating policies, […]
Making an S Corporation Election as a Married Business Owner
If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse are both on the title to […]
I Need to Hire Someone for My Business; What Do I Need To Know?
Most businesses try to grow – at least somewhat. However, to grow or to step away from the business for a personal life, vacation, or other ventures, you’ll need help with day-to-day operations. If you’ve never hired someone before – or it’s been a long time – don’t worry – here’s the information you need […]