on October 2, 2013
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 youâ€…Read » Views: 935
on September 30, 2013
Itâ€™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. Thatâ€™s because these built-in tips will increase the b…Read » Views: 637
on September 3, 2013
If you accept credit cards at your place of business, the Internal Revenue Service may have its eye on you.
According to CNNMoney, the IRS has sent letters to 20,000 small-business owners over the past year to verify that theyâ€™ve reported all of their cash …Read » Views: 838
on August 30, 2013
If youâ€™re like most small-business owners, you probably started your operation as either a sole proprietorship or, if you had co-owners, a partnership. This company structure is the simplest and least costly to set up, with less paperwork required.
However,…Read » Views: 623
on August 29, 2013
Entrepreneurs: Prior to embarking on any new business venture, you need to make sure that your financial house is in order. Hereâ€™s a to-do list to help you do just that.
1. Clear up existing debt. Substantial debt and limited cash flow can hinder your busin…Read » Views: 740
on July 23, 2013
Unless your store caters to warm-weather activities, you may notice a drop-off in business in the summertime when people go away for vacation, spending less time shopping and more time relaxing.
“Part of the challenge of the summertime in particular is it’s r…Read » Views: 775
on June 24, 2013
Congratulations! Your small business has moved beyond the initial startup phase and is now a profitable venture. Although you may have worked for free in the early days, itâ€™s time to pay yourself for your efforts.
You generally have two options for taking h…Read » Views: 22,839
on June 10, 2013
The Marketplace Fairness Act, which could force many more business owners to collect sales tax on online purchases, recently passed the U.S. Senate. However, the legislation faces an uncertain future as lawmakers in the House of Representatives voice concerns …Read » Views: 585