Intention. Commitment. Two words that appear to have similar meanings, but the difference between them is miles apart. Let me explain. Back in the days when my family was young, and I was still in my 30s, I would go out and run early in the mornings before work. At various times I got the distance …
What’s the Difference Between Intention and Commitment? Read More »
Did you hear the old joke about the taxpayer who called his accountant all stressed out because he just got a letter from the IRS? “I got an IRS letter! What the heck do they want now?” the taxpayer screams. “I’m not sure” his accountant replies. “Tell me exactly what the letter says.” “I don’t …
What to do if you receive an IRS letter or notice Read More »
Incorporate? Form an LLC? Be a sole proprietor? Selecting the right entity structure is an important issue for every enterprise. The best choice isn’t always obvious, and it can have a dramatic legal and financial impact on you. Over 75% of business owners chose the path of least resistance; they operate as …
Should you Incorporate? The good, bad and ugly about entity selection Read More »
In my last post I said there are “7 Deadly Sins” that lead to the high failure rate among small business start-ups. These are the pitfalls to avoid in order to grow a profitable business. We covered Deadly Sin #1 in detail, now on to number 2….(drum roll!)… DEADLY SIN #2: A “Field of Dreams” Marketing …
Wanna make it rain? Here are marketing strategies to grow your small business. Read More »
Small business owners are always searching for ways to lower their taxes. One of the most common tactics is to classify workers as 1099 contractors, rather than as W-2 employees. When done within IRS guidelines, classifying a worker as an independent contractor will save your business a significant amount of money in payroll taxes and employee-related …
