Startup Story: Riding His Way to Small Business Success

Entrepreneur Steve Wellman fell in love with motorcycles at age 7 and hopped on his first bike when he was 16. The power and speed of these snazzy vehicles immediately swept him off his feet. Little did he know he’d be starting a business with the goal of creating one of the world’s fastest production motorcycles. In February 2015, Wellman formally established Wellmann Motorcycles, LLC in his hometown of Wenatchee, Washington. (He added the extra “n” to the name of the small business in honor of how his German ancestors

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How to Craft the Best Mission Statement for Your Small Business

Putting together an effective and appropriate plan for a new small business is critical to achieving long-term success in any industry. Typically, some type of mission statement is included in such a business plan. To formulate the best possible mission statement for your business, use these tips: 1. Ask yourself what inspired you to start your small business. A business mission statement should completely represent your initial inspiration for starting the professional venture you decided to put out in the marketplace. Think about all the goals you’ve had in your

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Achieving Startup Success with a Unique Cookie Business

Scott Beer of Oceana, California didn’t ask to become a small business owner. On the contrary, it was practically demanded of him once he started bringing his unique cookie creations with him to the sales expos his day job required him to attend. When Beer’s signature maple-bacon-Tabasco cookies caught the attention of grocery stores in Pismo Beach, Beer had no choice but to turn his hobby into a small business so his cookies could be sold in stores. In April of 2015, Come Get Your Cookies, LLC was formally established.

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2015 Midyear Tax Tips: What Tax Moves to Make Now

While it may seem like New Year’s Day was just the other day with the giant ball falling in Times Square, we’re already halfway through 2015. Whether you’re an individual with a W-2 job or a self-employed small business owner who earns 1099 income, now is a good time to review your current tax and financial situation – and to look ahead at the rest of the year and into 2016. Consider these 2015 midyear tax tips: Complete your tax extension filings. If you filed for a tax extension before

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Entrepreneur, a.k.a. Santa, Helps Get You Unclaimed Money

Keith Pedescleaux likes to call himself Santa Claus – not because he rides around on a sleigh pulled by reindeer, but because he helps the clients of his small business obtain unclaimed money as if they were getting a free financial gift for the holidays. Pedescleaux proudly serves as the CEO of Hidden Funds, LLC in Plano, Texas. He officially launched the startup venture in November 2014, and he’s able to conveniently run it right out of his comfortable home office. Hidden Funds, LLC has a name that literally speaks

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New Healthcare Penalty Hits Small Businesses Hard

Most Americans are aware of the basics involved in the Affordable Care Act, including an employer mandate that requires certain companies to provide health insurance to employees or face a penalty. However, a lesser-known rule just took effect on July 1, 2015 that is hitting small business owners with a significant penalty. According to the new IRS rule, small businesses that either reimburse their employees for individual health insurance premiums or directly pay for these premiums now face a fine of $100 per employee per day. This means an employer

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Building a Production Company with Some Loose Screws

Filmmaking has been a dream of Stephen Miller’s since he was a little kid. In November of 2014, he decided to make his dream a reality by formally establishing Loose Screw Productions, LLC. Loose Screw Productions is a production company based out of Rochester, New York. Miller owns and operates Loose Screw Productions, of which he is the mastermind, out of his home office. The small business is in its startup stages, with Miller currently in the process of creating a web series. Once production has wrapped on the web

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A Recipe for Tax Savings: Tax Deductions for Caterers

For the best tax savings recipe, 1-800Accountant offers up several IRS tax deductions for caterers. Do you make amazing lasagna? Can you craft a tasty chicken pot pie? Whatever you specialize in when it comes to culinary creations, there’s a good chance you are spending plenty of money on your ingredients and cooking supplies when preparing meals for others. The good news is that the IRS allows caterers to save some of their hard earned money through tax write-offs. These tax deductions for caterers will make your mouth water: Cooking

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Startup Story: Empowering Women to Stay Fit for Life

When Renata Joy of New York, New York was a child growing up, she saw those in her immediate family suffering from preventable illnesses, and vowed that she would do everything in her power to take charge of her health. It was her early desire to live happily and healthily that led her to create her own small business in the wellness industry. In August of 2014, Pure Joy Wellness, LLC was formally established. Joy works on the administrative duties that come with small business ownership from home, but also

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How to Hold a Fully Deductible July 4th Party

July 4th is right around the corner. If you operate your own small business and throw a Fourth of July party for the benefit of your employees and contractors, you can fully deduct the following business party necessities when filing taxes with the IRS: – Party location It might be cheaper to hold a party right in your office complex. Or, you could invite your employees to your home. But if you need to rent out a banquet hall, park, beach area, or other location for a predetermined amount of

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