Money

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How to Find the Right Web-Hosting Service

Posted In MONEY

In order to display your company’s website, you’ll need to rent digital space from a web-hosting service. You could buy your own equipment instead, but that’s usually not a cost-effective option for small businesses: Maintaining an in-house server requires an IT professional, expensive software licensing, and an ongoing investment in infrastructure. Not sure where to [...]
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The Online Sales-Tax Stalemate Continues

Posted In MONEY

The U.S. Supreme Court is refusing to get involved in the ongoing dispute over the collection of sales tax on online purchases. On December 2,2013, the court declined to hear a case in which Amazon and Overstock challenged a New York law allowing the state to collect sales taxes from online retailers. With no action from [...]
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How to Know When Your Customer Isn’t Likely to Pay

Posted In MONEY

It’s tough enough to drum up clients. For a business being bootstrapped by its owner, getting stiffed for services rendered can spell financial trouble. Just how bad is the problem? The Freelancers Union in 2012 started an open letter to nonpaying clients dubbed “The World’s Longest Invoice.” To date, it’s garnered thousands of responses from [...]
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Professionalism Pays Off for a Violin Instructor

Posted In BUSINESS PROFILES

After years of running her Suzuki violin studio in a forgiving manner, such as not insisting on payment for missed lessons, Emily Greene (pictured) decided to get tough. Greene drafted a contract for students and their parents to sign at the beginning of the school year and required full payment for each semester up front. [...]
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7 Tax Breaks for Small Business to Consider for 2013

Posted In MONEY

It’s up to you to keep the appropriate records and take advantage of the available IRS income-tax deductions. There’s a fine line between cheating the system and not cheating yourself. Here’s a look at a few of the breaks available to small-business owners for the 2013 tax year. 1. Home-Office Deductions – Many small-business owners work [...]
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How to Sell Your Small Business

Posted In MONEY

Are you thinking about selling your small business? The process can be stressful and complicated, but you can make it easier by asking — and answering — a few key questions before placing your company on the market. Is Your Business Sellable? First, you want to make sure that your business is sellable. Ask this [...]
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Preparing Year-End Finances for Seamless Tax Filing

Tax season is right around the corner. Getting your financial house in order now can help you avoid problems later. Here are some key documents to gather as the calendar year draws to a close. Income Records — If you worked for an employer before becoming an entrepreneur, you know that reporting your income as [...]
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Avoid a Tax-Time Surprise by Planning Ahead

Posted In MONEY

When you work for someone else, your employer generally withholds federal taxes from your paycheck. But when you’re self-employed, paying income tax is completely up to you. If this is your first foray into entrepreneurship, you may be wondering how to figure out what you may owe the IRS by April 15, 2014 — and [...]
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