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Tax Forms, Terminology, & Deadlines for Small Businesses

Small business owners can be overwhelmed by the many types of tax forms that should be submitted and when. It is typically based on the business' operational conditions such as business structure (1065 vs 1120), employee classification (1099 vs W-2), unemployment reporting (940), and living costs (8829), to name a few. Things to consider when filing are [...]

July 10th, 2017|Accounting, Information, Resources, Small Business|

SBA’s Local Assistance

The U.S. Small Business Administration (SBA) serves as a supporter and mentor for small businesses throughout the United States. The SBA's Local Assistance site provides several resources that might benefit your small business. You'll find district offices, local events and workshops, development centers, Women's Business Centers (WBCs), and Procurement Technical Assistance Centers (PTAC)s, to name a few. [...]

July 5th, 2017|Resources, SBA, Small Business|

How an HR Department Can Increase Your Business’ Efficiency

One of a company's greatest asset is its Human Resources (HR) Department and it is critical that it remains an integral part of corporate decision-making.  This article explains how HR can create business efficiency through automation, spending, auditing, and more.  It goes on to discuss some of the corporate pain points that the department should [...]

Cloud Accounting Assists Growing Businesses

Learn if Cloud Accounting might be right for your small business. Intuit describes the benefits of cloud accounting in this report and how it plays an important role in security, efficiency, and reliability. It also describes multi user access, synchronization features, and future growth that can possibly save on costs and promote greater productivity. Trends show that small business [...]

June 28th, 2017|Accounting, Resources, Small Business|

Small Businesses’ Top 5 HR Challenges

In comparison to large companies, small businesses may encounter greater Human Resource challenges.  This could be due to many factors, including a lack of available resources within the company.  ADP recently released a report on the top 5 HR challenges faced by small businesses. These include hiring, benefits' cost, productivity, employee handbook, and compliance.  This report lists action items [...]

June 26th, 2017|Human Resources, Information, Small Business|

SBA’s Small Disadvantaged Business (SDB) Criteria

The SBA identifies small businesses in different socio-economic categories so that they might be able to optimize procurement opportunities. One of those categories is Small Disadvantaged Business (SBD). This site will help you understand the eligibility criteria to becoming an SDB.  Click here to learn more.

June 23rd, 2017|Information, Resources, SBA, Small Business|

Auto-IRA Programs for Small Businesses

On April 13, 2017, President Trump signed the Congressional Review Act (CRA) that bars city-run auto-IRA requirements for small businesses.  The Senate will also vote on a similar requirement for small businesses to participate in state-government IRA's.  Both would impact the Employee Retirement Income Security Act (ERISA) imposed requirements, under the Department of Labor (DOL) regulations. [...]

NAWBO’s National Women’s Business Conference

The National Association of Women Business Owners (NAWBO) is an outstanding organization that represents the voice and interest of women entrepreneurs in the economic, social, and political arenas. As a Chair of the NAWBO Orlando Chapter, I'd like to inform you about the NAWBO National Conference that is coming this Fall. It will consist of a [...]

June 19th, 2017|Events, NAWBO, Small Business, WOSB|

Learn to Hire & Classify Your Business’ Employees

As a small business owner, it's imperative to know how to classify the employee(s) being hired. This site discusses the differences between identifying the candidate as an employee or independent contractor. As the employer, you must consider the legal perspective as well as the additional requirements needed in each category (i.e. benefits, compensation, etc.). Your employee classification criteria is also [...]

Your Small Business’ Balance Sheet

One business accounting excercise is to create several financial statements in order to measure the company's performance and future growth. The balance sheet is one of those statements. Once completed, it will help to determine how to increase profitability and cash inflows. This site will help you understand the purpose of the balance sheet as well [...]

June 12th, 2017|Accounting, Information, Resources, Small Business|