How Will 2018 Tax Reform Affect Your Small Business?

Sole proprietorships are the most common form of business organization in the United States because they are easy to form and offer the owner complete control of the business. Profits are passed through to the owner, and business income and expenses are reported on the individual’s tax return. The same pass-through taxation applies to partnerships, S Corps and Limited Liability Companies (LLCs). But thanks to the new tax laws making some dramatic changes in pass-through taxation rules, we may soon see an increase in the number of C Corps across the nation.

Sole proprietorships are the most common form of business organization in the United States because they are easy to form and offer the owner complete control of the business. Profits are passed through to the owner, and business income and expenses are reported on the individual’s tax return. The same pass-through taxation applies to partnerships, S Corps and Limited Liability Companies (LLCs). Continue reading “How Will 2018 Tax Reform Affect Your Small Business?”

Is A Business Line Of Credit Right For Your Business?

There are many types of loan and funding options for your business, and you may already have several of them in place. You may have business credit cards, a startup loan, and investment funding. While the idea is to keep your business out of debt as much as possible, sometimes you need extra money for a variety of reasons. Maybe you’re expanding, buying new equipment, or embarking on a specific marketing campaign.

There are many types of loan and funding options for your business, and you may already have several of them in place. You may have business credit cards, a startup loan, and investment funding. While the idea is to keep your business out of debt as much as possible, sometimes you need extra money for a variety of reasons. Continue reading “Is A Business Line Of Credit Right For Your Business?”

5 Online Tools For Better Business Data Management

AllBusiness. comNo matter what kind of business you run, no matter its size or its complexity, it is of paramount importance that you stay on top of your data and you leverage that information to your maximum benefit. For e-commerce sites, it’s all about knowing the average order size for customers and how to upsell more products. For bloggers, it’s simply a matter of knowing where their traffic is coming from, how to get more of it, and also how to better engage with their audience.

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No matter what kind of business you run, no matter its size or its complexity, it is of paramount importance that you stay on top of your data and you leverage that information to your maximum benefit.

For e-commerce sites, it’s all about knowing the average order size for customers and how to upsell more products. Continue reading “5 Online Tools For Better Business Data Management”

What You Can Expect From Networking

Let’s face it. Not every one of us is good at networking. Entrepreneurs can either be introverted or extroverted or a little bit of both. Some of us may be more comfortable doing social networking than face-to-face networking.

Let’s face it. Not every one of us is good at networking. Entrepreneurs can either be introverted or extroverted or a little bit of both. Continue reading “What You Can Expect From Networking”

Getting A Small Business Loan Gets Easier

AllBusiness. comThere was a time when the words “convenient banking” meant your local bank installed a new ATM. These days, however, with the introduction of Fuse from Fundbox, it means banking at the touch of a button, wherever you are, whenever you need it. Fundbox Fuse is an integration Fundbox is offering solutions partners (five at launch, to be expanded to more) that enables them—on their own websites—to offer their customers nearly instant access to cash.

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There was a time when the words “convenient banking” meant your local bank installed a new ATM. These days, however, with the introduction of Fuse from Fundbox, it means banking at the touch of a button, wherever you are, whenever you need it. Continue reading “Getting A Small Business Loan Gets Easier”

What’s A Strengths-Based Culture? A Look At Today’s Hot Management Trend

AllBusiness. comOnce upon a time, employee evaluations focused on identifying employees’ weaknesses and coming up with plans to improve them. Today, however, the pendulum has swung the other way, and businesses are increasingly creating strengths-based cultures. A strengths-based company culture takes a more positive approach.

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Once upon a time, employee evaluations focused on identifying employees’ weaknesses and coming up with plans to improve them. Today, however, the pendulum has swung the other way, and businesses are increasingly creating strengths-based cultures. Continue reading “What’s A Strengths-Based Culture? A Look At Today’s Hot Management Trend”

13 Budget-Friendly Ways To Encourage Team Bonding

AllBusiness. comClose-knit teams work more effectively and productively together. This is why scheduling regular team bonding activities encourages staff members to get to know their colleagues better while also having a little fun. As an ex-coach and nutritionist, I have not encountered an activity that will bring a team or group closer together than a good, old-fashioned group workout or boot camp.

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Close-knit teams work more effectively and productively together. This is why scheduling regular team bonding activities encourages staff members to get to know their colleagues better while also having a little fun. Continue reading “13 Budget-Friendly Ways To Encourage Team Bonding”

What Subway And Jimmy John’s Can Teach Any Business Owner About Differentiation Strategy

AllBusiness. comAs business coaches that work with companies to help them grow, we talk a lot about how to differentiate yourself from your competitors. Sometimes it can be hard to do, and it’s not always about what you deliver as much as how you deliver it. One of my favorite examples is Subway and Jimmy John’s.

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As business coaches that work with companies to help them grow, we talk a lot about how to differentiate yourself from your competitors. Sometimes it can be hard to do, and it’s not always about what you deliver as much as how you deliver it. Continue reading “What Subway And Jimmy John’s Can Teach Any Business Owner About Differentiation Strategy”

Small Business Tax Advice And Survival Guide

The first step in preparing for taxes is gathering any necessary documentation. Ask your tax accountant for the list of figures and files you need to provide. If you run your business from home, you’ll also need the square footage of your office space and the total square footage of your home, plus the cost of your home utilities, mortgage, and any work improvement expenses. The IRS classifies costs associated with starting a new business as either “investigative” or “opening-a-business” expenses.

The first step in preparing for taxes is gathering any necessary documentation. Ask your tax accountant for the list of figures and files you need to provide.

If you run your business from home, you’ll also need the square footage of your office space and the total square footage of your home, plus the cost of your home utilities, mortgage, and any work improvement expenses. Continue reading “Small Business Tax Advice And Survival Guide”

Why All Home Businesses Need Professional Indemnity Insurance

Working from home can be a great experience in life but if you aren’t fully protected and a problem escalates, you can be left vulnerable with no one to turn to. People can put off getting professional indemnity insurance especially whilst starting up their business, but that’s the vital time to purchase it, being covered whilst you are new to the business world is best and will help you approach new business with confidence, your insurance company will likely offer some great advice too. Here is a breakdown of the benefits of having PII insurance and a few other policies to consider whilst running a business from home. PI isn’t the only cover to consider, every home business is different but the protection they need can be similar here are some other policies to take out of add to your professional indemnity insurance plan.

Working from home can be a great experience in life but if you aren’t fully protected and a problem escalates, you can be left vulnerable with no one to turn to. People can put off getting professional indemnity insurance especially whilst starting up their business, but that’s the vital time to purchase it, being covered whilst you are new to the business world is best and will help you approach new business with confidence, your insurance company will likely offer some great advice too.

Here is a breakdown of the benefits of having PII insurance and a few other policies to consider whilst running a business from home. Continue reading “Why All Home Businesses Need Professional Indemnity Insurance”