It is so hard to get a loan these days as banks are tightening their credits. And so should you! To help ensure that your business survives, you need to reassess the way you manage your accounts receivables. We have posted an excellent article by Jennifer Stacey on how small businesses should manage their accounts […]
Financing
Tax Tips for Home Business Entrepreneurs
It’s start of the year, and it’s time to prepare your taxes for the past year. Bernard B. Kamoroff, C.P.A., author of the book “422 Tax Deductions for Businesses and Self Employed Individuals” (8th edition) offers a number of tips to help you save on your taxes: Tax Tip 1. Your business expenses are deductible […]
Top Ten Ways to Bring Holiday Joy to Your Small Business
With the current state of the economy, many small businesses are struggling to get paid for the products and services they provide. Learn 10 tips to help small businesses address their receivables problem and allow small businesses to enjoy the holidays.
Ebay Sellers: IRS Wants You to Declare Your Income
In an effort to narrow the tax gap, IRS has been going after eBay and other auction sites for years. The IRS estimates that unpaid taxes from individuals, as opposed to big corporations, account for more than 70% of the tax gap. And within that group, the self-employed are considered the biggest offenders comprising roughly […]
Start Up Capital: Can You Afford to Start Your Business?
Oftentimes, passion and commitment to a business idea is not enough to successfully start a business. You need to have the resources (or access to it) to see your vision transform into a thriving business. Alas, a lot of home business entrepreneurs don’t have the money to start their businesses. They find it hard to […]
10 Things Small Businesses Can Do During a Financial Crisis
If you have invested in stocks, chances are like me, you’d be having a heart attack when looking at your portfolio. My cure is simple: just don’t look at it right now. When things go down, it always go up — maybe not next month, but next year or so. Hopefully. Congress has just rejected […]
When Payment Never Comes: Options for a Small Business Owner
We are in business to provide customers with our products or service — and get paid in return. But what if the customer does not pay? How should we collect on the payment? What are our options? According to the book “The Law (in Plain English) for Small Business,” we basically have three options: 1. […]
How Do You Survive Starting a Business?
Starting a business is tough. More so when things are heading south and not enough income is coming in that you have to dip into your personal resources to get by. The worst part, of course, is when your personal resources are almost depleted and you see nothing in the horizon that could change the […]
Qualities Angel Investors are Looking for in a Business
Angel investors are an important source of capital, whether you need startup capital or second stage financing for more established businesses. High net worth individuals, angel investors typically invest in high growth fields. Compared to a venture capitalist, an angel investor generally want less control of your company and a even a slower return on […]
How to Hire an Accountant for Your Business
The tax folks at J.K. Lasser sent us a press release today that provides tips on what a small business needs to look for when hiring an accountant. It is not easy to find an accountant that you can trust, much less really look out for your interests. According to J.K Lasser, the following are […]