
What You Can Learn About Running a Business From Henry Ford
Business, Business DevelopmentIf you had to make a list of people who changed the world essentially just by existing, Henry Ford's name would likely be on it.
Most people know him from history as the founder of the (appropriately named) Ford Motor Company. Here, he developed…

Steps Your Business Can Take to Survive a Recession
Business, Business Development, Recession TipsAccording to one recent study, there is a 96% chance that the United States will experience some form of economic recession within the next 12 months. If you needed a single statistic to underline the importance of planning ahead when it comes…

Managing Gains and Losses in a Turbulent Year
Business, Debt, Finance TipsArticle Highlights:
Rough Year for the Stock Market
Year End Approaching
Annual Capital Losses Are Limited
Be Aware of Wash Sale Rules
Off-Set Short-Term Gains with Long-Term Capital Losses
Planning for Zero Tax on Long-Term…

Four Popular Platforms for Finding Gig Work
Business, Finance Tips, Jobs, Self-EmploymentThere was once a time when the only people who used the word “gig” were musicians chatting about a booking. Today, virtually every newspaper and magazine features the booming gig economy — or how to make the most of it — on a regular…

Best Practices for Avoiding Cash Flow Problems With Your Business: A Guide
BusinessIf you had to make a list of some of the biggest issues that plague small business owners on a regular basis, cashflow problems would undoubtedly be right at the top.
Cash flow is about more than just the money coming into and going out of…

Ways to Maximize Business Deductions
Business, DeductionsArticle Highlights
New Business
Legal and professional fees
Spousal Joint Ventures
Self-employed Health Insurance
Home Office
Deducting the Cost of Business Equipment
Advertising Expenses
Website Costs
Financing
…

Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
Business, Tax TipsArticle Highlights:
1099-NEC Filing Requirements
Independent Contractor Filing Threshold
Form W-9
Form 1099-MISC
If you use independent contractors to perform services for your business, for each one that you pay $600 or more…

Businesses Have 60 Days to Notify the IRS of Changes in Contact Information and Responsible Party
BusinessArticle Highlights
Employer Identification Numbers (EINs)
Contact Information
Update Responsibilities
ID Theft and Fraud Issues
Responsible Party
Filing Tips
Updating Individual Contact Information
Blog: The Internal…

Customers Paying Late? How to Create Statements
Business, Small BusinessThere are many ways to encourage delinquent customers to pay. QuickBooks Online’s statements may be effective for you.
After the year-plus you’ve just experienced, the last thing your small business needs is customers who are behind on…

June 2021 Individual Due Dates
Business, Tax PlanningJune 1 - Final Due Date for IRA Trustees to Issue Form 5498
Final due date for IRA trustees to issue Form 5498, providing IRA owners with the fair market value (FMV) of their IRA accounts as of December 31, 2020. The FMV of an IRA on the last…