The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them
Accounting, Small BusinessMost small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business accounting mistakes can prove to be financially…
How Small Businesses Write Off Equipment Purchases
Small Business, Tax NewsArticle Highlights:
Depreciation
Materials & Supplies
De Minimis Safe Harbor Expensing
Routine Maintenance
Unlimited Expensing
Bonus Depreciation
Sec 179 Expensing
Mixing Methods
From time to time, an owner of…
7 Passwords You Should Never Use at Your Small Business
Small BusinessArticle Found on INC.COM
Owning a small business means owning data. You're constantly acquiring new information related to your customers and financial details, as well as all the vendors and contractors with whom you work. However, one…
Failing May Be Fundamental to Success, According to Columbia Business School
Growth, Small BusinessArticle Found on Knowridge Science Report
Few companies or organizations are looking to fail when they plot a new strategy. However, turning a blind eye to the possibility that a strategy may fail can have disastrous consequences.
According…
What's Driving the Global Entrepreneurship Wave?
Economy, Small BusinessArticle Featured on INC.COM
People who have an entrepreneurial spirit simply think and act differently. They aspire to rethink traditional business means and models to create unique, enhanced, and futuristic forms of commerce. In this mindset,…
Most Family Businesses Lack Succession Plans
Business, Business Development, Small BusinessWritten by Michael Cohn | Featured on AccountingToday
Only 23 percent of family businesses have a robust succession plan in place, according to a new report from PricewaterhouseCoopers, with 46 percent of the family businesses polled saying…
4 Ways to Improve Your Strategic Thinking Skills
Business Development, Corporate, Leadership, Small BusinessArticle by Nina Bowman | Featured on Harvard Business Review
If you’ve ever received feedback that you “need to be more strategic,” you know how frustrating it can feel. To add insult to injury, the feedback rarely comes with any…
Employers: Don’t Overlook the Small Business Health Care Tax Credit
Small Business, Tax Tips, TaxesIRS Tax Tip 2015-37, March 12, 2015
Do you own or run a small business or tax-exempt group with fewer than 25 full-time employees? If you do, you should know that the Small Business Health Care Tax Credit can help you provide insurance to…