Tax Tips for the Savvy Entrepreneur
At this time of the year, calendars can fill quickly with gatherings of family, friends and the rush of holiday shopping. However, the smart business owner will still carve out time for some end-of-year financial prep. The following tips make an excellent guideline in addition to professional tax advice. Deduct Your Home Office. To qualify your home office as a [...]
What’s in a Name? Plenty, When Your Credit Score Involved
If you’re the victim of a bad credit report and you haven’t done anything wrong, the problem may be your name. Mix-ups happen all the time, and one fiscally irresponsible John or Joan Smith can ruin it for all those who take their finances seriously. Take these precautions if you have a common name: Always include your full first name [...]
Stay Charged Up Throughout Your Workday
Managing the day to day affairs of your business can get tedious at times and keeping your energy up can be a challenge. When you find yourself dragging, remember these suggestions for getting back to full speed: Move around. Take a quick walk outside, or just around your workplace. Climb some stairs or do some stretches to get the blood [...]
Try These Tips to Get Your Mind Going
Where do you go for inspiration? Try these tips from the Fast Company website when you need to get your creative juices flowing: Find your prime time. Some creative people are at their best in the morning; others do their most inspired work late at night. Try both options to discover when your best ideas spring up. Wake up and [...]
Tax Deductions and Technology Purchases
Uncle Sam understands that businesses need to stay current with technology. Under Section 179 of the tax code, equipment expenses such as computers, printers, and even company vehicles are tax deductible, up to a certain amount. Depending on the item, you can deduct the full cost on the year of purchase, or split it between several years. Business-related software also [...]
Target Innovation With Right Focus
Successful entrepreneurs know they have to innovate to survive, but they also know that chasing ideas blindly won’t lead anywhere worthwhile. From Rowan Gibson’s book The Four Lenses of Innovation (Wiley) come these approaches to innovation that leaders throughout history have used to break new ground: Challenge Conventional Thought - Artists, scientists, and business people have triumphed by turning “common [...]