Estimated Tax Payments: Should You Use Annualized Income?

Posted in TAXES

Making estimated tax payments comes with the territory when you strike out on your own. If business is predictable, it’s easy enough to send the IRS a set amount on a quarterly basis. But if your income fluctuates throughout the year, how do you ensure you don’t get penalized for underpayment? The general rule is: [...]

Kimberly Palmer on Why and How to Start a Side Gig

Posted in AM I READY?

Kimberly Palmer is a successful author and personal-finance writer for U.S. News and World Report. But that didn’t stop her from becoming an entrepreneur as well. Looking to increase her family’s income and financial security, she launched a side business in 2011. Palmer’s “a-ha moment” occurred when, while preparing to interview a source, she began [...]

J.D. Roth on Managing Fluctuating Self-Employment Income

Posted in CASH FLOW

When founder J.D. Roth quit his job selling cardboard boxes for his family business in 2008 to run his website full-time, he was faced with a new financial challenge: fluctuating income. Like many self-employed professionals, Roth (pictured) had busy months and slow months, which resulted in stressful swings in cash flow. To gain more [...]

What Is Nexus and How Does It Affect Your Small Business?

Posted in TAXES

Nexus, also called “sufficient physical presence,” is a legal term that refers to the requirement for companies doing business in a state to collect and pay tax on sales in that state. For example, if you sell goods or services in Los Angeles, you must file and pay California state taxes. It sounds relatively simple, [...]

Showcase Underdogs to Motivate Employees


Motivating your employees can be a complex task. As Forbes contributor Glenn Llopis notes, money isn’t the only thing that can light a fire under people. And, besides, raises aren’t always possible, so it’s smart to pursue other options. A study published online in September from the journal Media Psychology finds that watching short videos [...]

Wunderlist: One of Our Favorite Listmaking Apps


Small-business owners like you have to juggle a lot of balls, and keeping them all in the air is one of the biggest challenges of running your own show. Resolving to “get more organized” in the new year is about as effective as saying you’re going to “just lose some weight.” How, exactly, do you [...]

Nell Merlino on Why Women Are Driving Small Business in the U.S.

When it comes to starting businesses, women are running circles around men. Female entrepreneurs have been hanging their shingles at a higher rate than men for the past two decades and will create over half of the 9.72 million new jobs in small business that are forecast between now and 2018, writes Natalie MacNeil for [...]

Using Handwritten Thank-You Notes to Distinguish Your Business


A personal touch can boost client loyalty, referrals, and overall business success. John Kralik’s story proves this: With everything going wrong in his life and his work, he decided to spend a year writing a thank-you note a day. Kralik wrote to everyone from his top clients to his barista at the coffee shop, taking [...]