Money

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The Secrets of Federal Contracts

Posted in MONEY

U.S. government federal contracts are growing. We asked contract experts for some tips on navigating the federal contracts system. Learn more.
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Do You Have a Hobby or a Business?

Posted in MONEY

It can take time for entrepreneurs to realize their dreams. Often new ventures are nurtured on the side for years while their owners continue to earn steady paychecks from someone else. But at what point does your “hobby” become a business for IRS purposes? It boils down to your intention of making a profit. As far [...]
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How to Lose Your Land Line and Still Run the Office

Posted in MONEY

Still using a cordless phone at the office? Why? Maintaining a land line in this day and age is an entirely unnecessary business expense. Web-based services and apps work with your cell phone to make sure you never miss a call or appear unprofessional — even when you're on the go. Here are a few [...]
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Why an IPO May Be a Bad Goal

Posted in MONEY

Every small-business owner needs an exit strategy, but you may want to take one possibility off the table: an initial public offering. Although going public seems like a great way to become a billionaire, the current outlook for IPOs is disappointing. Only 350 IPOs have been successfully completed so far this year, compared with 1,967 in 2007, Ernst [...]
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6 High-Priority Startup Tasks for Entrepreneurs

Posted in MONEY

Starting a business inevitably requires completing a seemingly endless list of tasks that need to get done, like, yesterday. But does everything really have to happen right away? The short answer is no. Cut yourself some slack and understand that not all startup tasks are created equal. That said, here are a half dozen items to [...]
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Should You Finance a Business With Your 401(k)?

Posted in MONEY

Launching a business takes money, and many entrepreneurs have turned to their 401(k)s to provide startup capital in recent years, The New York Times and Reuters report. Bypassing the banks by using your 401(k) can be a complicated and risky move. But if you’re considering a new business venture and have ample funds in your retirement [...]
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Restaurant Owners: New IRS Policy on Tips Coming Soon

Posted in MONEY

It’s common for U.S. restaurants to automatically add a gratuity to the bill for large parties. But a new IRS rule, scheduled to take effect in January 2014, may make this practice a thing of the past. That’s because these built-in tips will increase the business’s tax-compliance costs and paperwork requirements. The New IRS Rules [...]
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Should You Use a Personal or Business Credit Card?

Posted in MONEY

The Small Business Credit Card Act of 2013 is unlikely to become law, but it marks a valiant attempt by U.S. legislators to update the venerable Truth in Lending Act and bring business credit cards more in line with those issued to individuals. So, while the differences remain, you may be wondering whether you should use a personal [...]