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Mid-Year Tax Planning for Your Business

Mid-Year Tax Planning for Your Business

General Business, Homepage, Small Business, small business owners, SMB Taxes, tax credit, tax planning, tax savings Thursday, June 29, 2023 5:17 am

Can you believe that half of 2023 is over? The first half of the year has been a rocky one economically speaking. There were several interest rate hikes from the Federal Reserve, inflation moderated somewhat, and the debt ceiling crisis was averted. But according to the NFIB Survey for May 2023, optimism among small business owners continues to be well below the historic average. There are still supply chain disruptions and labor shortages. Where does your business stand? In order to do any tax planning, you need to assess your business performance for the first half of the year. Tax […]
The post Mid-Year Tax Planning for Your Business appeared first on Barbara Weltman.

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Lessons for Small Business Owners from Poor Richard’s Almanack

Lessons for Small Business Owners from Poor Richard’s Almanack

business plan, favorite quotes, General Business, Homepage, lessons, Small Business, small business owners, transparency Tuesday, June 6, 2023 5:14 am

Published annually by Benjamin Franklin from 1732 to 1758, Poor Richard’s Almanack was a compendium of weather predictions, advice, poems and stories, jokes, proverbs, and more. It was a best seller in its day. A number of the famous bits of advice, which arguably were “borrowed” from other sources, are still helpful today for small business owners. The following is some advice that holds true now and what I think it can mean for you. “Well done is better than well said.” Poor Richard’s Almanack, 1737 As a business owner, you need to walk the talk. This is true in […]
The post Lessons for Small Business Owners from Poor Richard’s Almanack appeared first on Barbara Weltman.

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FAQs on Small Businesses in 2023

FAQs on Small Businesses in 2023

General Business, Homepage, National Small Business Week, self-employed individuals, Small Business, small business owners, small businesses, SMB Financial, Statistics Tuesday, May 2, 2023 5:50 am

Small Business Week 2023 runs from April 30 to May 6, so it’s a great time to be talking about small business. Often “small business” is a buzz word used by politicians and large corporations that want to look sympathetic to the challenges actually faced by self-employed individuals and small business owners. But it’s also a favorable status that can help businesses get a pie of the federal government’s procurement pie. The fact is: small businesses are statistically significant. The SBA’s Office of Advocacy released FAQs about small businesses. Note that the SBA usually defines small businesses as those with fewer than […]
The post FAQs on Small Businesses in 2023 appeared first on Barbara Weltman.

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Work-Life Balance for Women Entrepreneurs

Work-Life Balance for Women Entrepreneurs

female entrepreneurship, General Business, Homepage, Small Business, small business owners, women business owners, women entrepreneurs, Women's History Month, work-life balance Tuesday, March 21, 2023 4:43 am

During Women’s History Month, there are many topics that relate to women business owners. One of the big challenges for many women owners is achieving a good work-life balance. A study by Mastercard found that 3 in 10 (29%) female entrepreneurs say they are struggling to maintain a work-life balance, compared to 17% of men. Of course, women business owners face the same challenges in running a business as their male counterparts. But many women face additional challenges in childcare, spousal care, or parental care. This adds another layer of responsibility and demands on time. What are women entrepreneurs to do? […]
The post Work-Life Balance for Women Entrepreneurs appeared first on Barbara Weltman.

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