Reject Rejection and Aim High
Businesswoman and author Deborah Rosado Shaw rose from poverty to create a multi million dollar umbrella-making business. A native of New York City, Shaw runs Umbrellas Plus out of New Jersey. The secret of her success? As she described it in an Atlanta Journal- Constitution article some years ago, she has learned to play beyond the rules. Refused admission to [...]
Deduct Business Mileage by Setting Up a Home Office
The IRS gives you two possible strategies for turning otherwise personal mileage into business mileage: Going to a temporary work location Establishing an office in the home as a principal office The temporary work location strategy contains some real unknowns, such as: What is a temporary work location? When is work at that location performed for one year or less? [...]
What You Need to Know About the Kiddie Tax
When it comes to college planning, our lawmakers created some real traps. One big trap is the kiddie tax. This insidious tax destroys the traditional IRA as a college funding source and does much the same to your child’s interest and dividends savings. There’s much to know here. For example, consider the three questions and answers below: Question 1. Does [...]
Include Family in Your New Years Resolutions
Making New Year’s resolutions with your family is a great way to nurture everyone’s growth throughout the year. Consider these goals for the next 12 months: Cut down on activities - If your family is busier than ever, make room for consistent togetherness time. Suggest cutting back on work and extracurricular activities so everyone can eat dinner together most nights. [...]
New Tax Law & Recommendations
The new Tax Cuts and Jobs Act is official and will affect millions of Americans and businesses. Here are the key provisions of the final bill: INDIVIDUALS Individual rates: Congress will keep the seven tax brackets as it previously had, but the range of income will change. The new rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Standard [...]
Never Run Out of Small Business Content Ideas
Years ago when you first dreamed of having your own business, it might never have occurred to you that you’d need “content”. Businesses today are expected to have a presence on social media channels. They’re expected to find ways of staying in touch with customers on a regular basis (without nagging). They’re told they need “lead magnets” – that is, [...]