SBA 8(a) Certification Program

Did you know the Federal government is required by law to give preferential treatment to small disadvantaged companies? What is the SBA 8(a) Certification Program? In 2014, $34.7 billion in federal contracts was awarded to small disadvantaged businesses at an average of $5.2 million per firm. To help these businesses thrive and compete, the US SBA created the 8(a) Business Development Program. This program is for small businesses that are…  Read more

Optimizing Your Website for Local Searches

Local search engine optimization (SEO) is an important part of any online marketing strategy for traditional businesses which service a specific geographical area. Local SEO works in much the same way as normal SEO, although there are some important differences to consider. Taking the time and trouble to optimize your website for local is essential due to the fact that about a fifth of desktop queries and more than half…  Read more

8 easy ways to promote events online

Online marketing tools make it inexpensive and easy to promote your events online. If you want to expand your business and offer webinars or offline events, these eight tools will create online buzz about your event to a worldwide audience. When interacting with people on the Internet, remember to always act in a polite and courteous manner. Don’t spam invitations or promotions about your event 24, 7. Use common sense…  Read more

Tax Tip Tuesday

Why You May Want to Consider Making an S Election No business type starts out as an S Corporation. You must request to be treated as an S corporation by filing an election with the IRS. Entities are allowed to file this election if they meet the following requirements: No more than 100 shareholders No nonresident aliens as shareholders No more than one class of stock No corporations or partnerships…  Read more

Five Undesirable Customer Types

Every businessperson knows that not all customers are created equal. Some customers are loyal, while others will stray if they’re offered a slightly lower price elsewhere. Some clients are demanding, while others only call when they wish to place an order. Every business must deal with a variety of customers. But there are certain types of customers who do more harm than good to your business – they drain your…  Read more

Essential Tips to Help You Sell Your House Quickly

Once you’ve made the decision to sell your home, chances are you’d like to do it as soon as possible. While some houses sell almost as quickly as they hit the market, others sit for a considerable amount of time without generating any offers from prospective buyers. Fortunately, there are several steps that you can take to increase the odds that your house is in hot demand and sells quickly.…  Read more

TAX TIP TUESDAY

EXCESS BUSINESS LOSSES AND THE NEW NET OPERATING LOSS RULES By Phylicia Buie, MST 2/5/2019 12:00 PM EST The IRS changed a lot of of rules with the 2018 tax reform Tax Cuts and Jobs Act (TCJA). It’s all tax people can talk about. Bear with us, we haven’t had anything this exciting happen in the tax world since the conviction of Al Capone back in the 30s! We’re hoping…  Read more

Do you share this habit with the world’s most successful business leaders?

What do Warren Buffet, Bill Gates, Mark Cuban, and Arianna Huffington have in common? All of these smart, savvy, successful business leaders share a passion for self-improvement through reading. If you want to improve your skills as a business owner, why not spend a bit of time each day reading books that guide you to greater success? This reading list of 4 inspiring business books will help you get started:…  Read more

Tips for choosing a business credit card

It can be a challenge for new business owners to find a bank that will approve them for even a small business loan. Most will see a young company as too high a risk to qualify for corporate lending. A credit card can serve as a short term solution for small scale financing, offering entrepreneurs a “foot in the door” with a lender. Think of it as a chance to…  Read more

How to handle maternity and paternity leave

“Competitive advantage” may not be the first words that come to mind when you think about employees requesting parental leave. For young professionals, however, the option to enjoy time with their new additions can be a very attractive perk – more attractive than health insurance, pensions, and the retirement packages large companies can offer. If attracting top talent and nurturing employee loyalty are important to you, read on. This article…  Read more

Tips for managing contractors

For small businesses, working with independent contractors can be a life saver. You can hand over tasks you don’t have time for – at a fraction of the cost of an employee. Unlike staff, you won’t owe a contractor payroll taxes, unemployment insurance, health insurance, or other employee benefits. Because contractors aren’t employees, however, they do need to be managed differently. They’re accustomed to being their own bosses, for one…  Read more

Start of Tax Season Newsletter

  Tax season 2019 is finally here and we’ve got 5 easy steps that will make your tax preparation go smoothly this year: Get Ready Get Started Stay Alert Review Your Return Sign & File   Click here to read more. Click here to download your copy of the 2019 tax season deadlines.      Read more

How to protect the goodwill in your business

It takes time, energy, and continuous effort to build a brand that attracts loyal customers and is rewarded by word of mouth referrals. Without a doubt, the good name you worked so hard to earn is one of your most valuable business assets; in addition to your solid customer base and positive employee relations, it is what is known in business as “goodwill.” If you’re like many small business owners,…  Read more

Are You Falling Behind By Not Automating These Business Activities?

The daily processes and transactions involved in operating a business can mean long hours of repetitive tasks and occasional oversights due to human nature. Automating these tasks can result in significant savings in resources and eliminate mistakes caused by human error. The key, however, is to know which tasks should be automated and which ones warrant staff intervention and guidance. Let’s take a look at some of them. Here are…  Read more

TAX TIP TUESDAY

Entertainment, Bonus Depreciation and Net Operating Losses By Phylicia Buie, MST 1/15/2019 12:00PM EST As part of the 2018 Tax Cuts and Jobs Act (TCJA), businesses will be facing new tax rules regarding the deductibility to many of their ordinary expenses. Although the tax reform was passed just over a year ago, it has taken the IRS nearly all of 2018 to interpret and provide guidance on these new rules…  Read more

5 PayPal Alternatives to Send and Receive Money Online

PayPal is the world leading online payment service. You can transfer money to and from your bank account, pay for goods, and even receive payments worldwide. It’s a useful tool for entrepreneurs, freelancers, and even for personal use. However, it does have its drawbacks. PayPal takes a significant chunk of money when it comes to converting and billing international payments. You could end up losing about 5% of your cash…  Read more

3 Mistakes That Strangle Growing Businesses

Businesses want to grow and help a larger audience, but too many make mistakes that cripple their growth. Even worse, they keep repeating them! Don’t do the same; avoid the blunders outlined below. Hiring Toxic Personalities Businesses hire more staff as they grow. But if they expand too quickly, they will feel pressure to fill positions on their team, even if the job candidates have a few personality flaws. While…  Read more

Tax Filing Season Begins January 28th

January 28th, 2019 Start of IRS Tax Season: First Day to Transmit Individual and Business Tax Year 2018 Returns  April 15th, 2019 Tax Deadline – Last Day to File Individual Income Tax Returns Timely Without an Extension Read Full Article Here – 2018 Tax Filing Season Begins January 28  Read more

Tax Tip Tuesday

  The 2019 Government Shutdown By Phylicia Buie, MST 1/8/2019 10:35 AM EST As the partial government shutdown extends into it’s third week, the Internal Revenue Service has sent nearly 90 percent of its workforce home without pay (according to the contingency plan published by the agency in December.) The IRS has yet to update this plan and continues to direct news outlets to the lapsed plan from December. The…  Read more

Boosting The Social Proof Of Your Online Business

You won’t build a loyal customer base if you can’t earn your visitors’ trust, which is why companies value social proof so highly. But proving your online business’s value takes a unique skill set; one you can start learning by reading the article below. Befriend Experts Experts love teaching others what they know. While they do make money from their knowledge, they also offer discounts to friends. If an expert…  Read more

Curing Toxic Leadership

Toxic leaders poison entire companies, and once they get authority over others, they don’t let it go willingly. Thankfully, any business can destroy their poisonous influence. Tell The Truth Toxicity thrives when no one tells the truth, but the reverse is also true. If your employees are honest about each other, they can uncover toxic conduct and destroy it. Employees know how obnoxious leaders can be, but reporting their actions…  Read more

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