Many startup businesses fail. A key reason for failure is the lack of working and investment capital. How much capital do you need to start a business and where and how does the startup entrepreneur obtain funds to start a business?Read More
One of the most difficult business decisions is to walk away from the money that you have already spent. These losses are called "sunk" costs. This can be extremely frustrating, but the only efficient way to move forward is by focusing on future costs rather than dwelling on past losses.Read More
Managing and running a business, whether it is small or large, is tough. Although each business is unique in its own way, here are six ideas to help your business increase its profitability and cash flow.Read More
Last year, Meredith Corporation acquired Time Inc., the publisher of People, Time, Fortune, and many other magazines. The purchase price was $2.8 billion. The expectation was that this acquisition would bring substantial profits to Meredith. This has not been the case.Read More
Have you recently received an email invitation from Google Calendar saying that "You won a free iPhone"? This is a new form of spam e-mail that Google Account users have been recently receiving in the form of a Google Calendar invite. Naturally, most people panic and report the email as spam. Most people will do this to make sure they do not accidentally click on a link and put all of their personal information at risk. This works at first because it removes all of the unwanted events that had previously appeared in their calendars. What a lot of people don’t know is that this is only a temporary solution so if you are just frustrated in the moment with these spam invites, this is the quick fix.Read More
Cryptocurrency investing is both “cool’ and "hot.". It is a type of digital asset that is traded online. There have been wide fluctuations in value, and this means it is an attractive investment for traders and other investors. But did you know that a transaction with cryptocurrency (Bitcoin for example) may result in a taxable income? Let’s say you purchased 10,000 units of Bitcoin for $20,000. If the Bitcoin appreciates and you purchase a $40,000 yacht with 5,000 units of Bitcoin you would have a taxable income of $30,000.Read More
We get more calls regarding the new Qualified Business Income (“QBI”) deduction than any other aspects of the new tax law. Simply put, the QBI deduction is 20% of your “qualified business income.” The rules, however, are not simple, they are quite complicated. If you qualify the benefit is substantial.
The IRS continues to focus their audit activities in key small business areas. The wise business owner is well advised to be able to defend the following five areas to keep the IRS at a comfortable distance:Read More