All posts by JohnTaylor »
Top 8 Small Business Pitfalls
When starting your first small business, it’s very easy to make mistakes as you learn the ropes of all the new skills you have to master. Managing employees, raising capital, creating budgets, handling payroll
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Moonpreneuring – Part-time small business
More and more people pressured by temporary layoffs and hour reductions are becoming “moonpreneurs,” starting their own part-time businesses that allow them to supplement their income while working a flexible schedule that jibes with
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Zoning Restrictions and Home-Based Small Business
If you’re opening a small business, one of the most important tasks with regard to choosing a physical location is making sure that the type of business activities you intend to perform at the
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Popular Small Business Tax Write-Offs
Running a small business can cost a lot of money – supplies, a storefront, equipment, transportation and other expenses represent a substantial investment on your part. The government recognizes this, and allows small businesses
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Sales Taxes and Small Business
As a small business owner, you’re obligated to pay local and state sales taxes on the goods and services you sell to your customers. Not paying your sales taxes can result in civil and
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Small Business Bankruptcy
Unfortunately, it may be necessary at some point for your small business to declare bankruptcy. While it’s often a very difficult decision for small business owners to choose to file bankruptcy, in some cases
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Payroll Taxes and Small Business
Withholding payroll taxes is a duty employers are tasked with by the federal government. Getting it wrong can result in some tough penalties by the IRS and can cause hardship for your employees as
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Choosing a legal structure for your small business
Whether your small business is a partnership, a corporation or an LLC may not seem that important when it’s just a small hot dog stand or an online business that you and a friend
Read More »Tips for small business budgeting
Preparing a budget is a lot like preparing a weather forecast. Using the data you have about historic patterns and information about present conditions you try to predict what will happen in the future. Budgeting is
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Small Business Accounting Basics
For many new owners of small businesses, the task of bookkeeping seems daunting. However, once you master a few basic concepts, balancing your books or checking behind your accounting professional will become fairly easy.
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