What Does a Trump Presidency Mean for Small Business?

Congratulations to Donald Trump, who is now the President-Elect. With the election in our rear view mirror, now’s the time to focus on the future. Here are some of the areas of concern to me, and what’s ahead for small business. With clear control by a single party in Washington, expect to see considerable action within the new President’s first 100 days. Regulations The number one issue identified by small business owners as an impediment to growth has been federal regulations. According to Trump’s position on regulations, he’ll work to

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7 Types of Deductible Items You Can Donate to Charity

With the holidays come many opportunities to make contributions to various charitable organizations. Millions of individuals are often left without the comforts that many of us enjoy, and the holidays can be a particularly trying time for those in need. So, open up your dresser drawers, closets, garage, and storage unit. Dust off some items like the following, and you should be able to deduct your donations of them to a qualified charity. Clothing, i.e. shirts, shorts, jeans, dresses, blouses, hats, sweaters, jackets, shoes, socks, jewelry, wristwatches Toys, i.e. stuffed

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UPDATE: The Department of Labor’s Proposed Overtime Rules

Earlier this year, we told you about the new overtime rules proposed by the Department of Labor. Since then, there has been plenty of debate about whether the rules are fair to employers and how they’d have to adjust their employees’ pay scales and status as either hourly or salaried. There has also been some legal movement on the part of state and federal judges. With today – December 1 – being the date on which employers would be required to start complying with these new overtime rules, let’s review

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Four Online Businesses You Can Start From Home

These days, the power of the Internet is incredible. There are loads of moneymaking opportunities right at your fingertips and from the comfort of your own home. With the new year approaching, perhaps you’re looking to make some extra cash on the side. Or, maybe you’re ready to leave your full-time job and become your own boss for good. Either way, the following ideas can get you started on some online businesses you may consider launching. 1. An education-based business The saying that you learn something new every day is

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A Lowdown on the California Franchise Tax

  If you’ve ever tried writing down each potential expense involved in running a new business, you probably ran out of ink in your pen and paper to write on. That’s because there are countless expenditures at play when formally pursuing entrepreneurship. To launch and maintain a business in some U.S. states, you’re even on the hook for an additional franchise tax payment. California is one such state that has a franchise tax on the books. What Is The California Franchise Tax? The California Franchise Tax Board is the state

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It’s Always Showtime For This Driven Entrepreneur

Daren Fuster says he wears about 17 hats with the two small businesses he operates and other work he’s involved in. This is probably an underestimation for the motivated entrepreneur from Los Angeles. Fuster, who is a client of 1-800Accountant, proudly runs Fuster Artistic, LLC (based in Los Angeles and established in 2016) and Pro Art Music, LLC (based in Cincinnati and established in 2013). By day, he even works as a booking agent for a music producer. “I offer a lot of different services in my companies,” Fuster explains.“I

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10 Secrets For Retail Small Business Owners To Boost Holiday Sales

Billions of dollars are spent during the busy holiday season. So, as a small business owner, how can you get in on the action and take home a small cut of this huge pie of holiday shopping revenue? Let’s explore 10 secrets you can use to boost holiday sales in your small business. 1. Hold a holiday event at your brick-and-mortar store. If you operate a brick-and-mortar retailer, hold a festive holiday event to bring new and former customers into your store. Invite Santa to come, and hire a musician

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6 Tax Moves to Make Before the End of the Year

As the hectic holiday season approaches, most people are wondering how they’ll be able to save on holiday shopping rather than what they can do to save on taxes. So, let’s explore some tax moves you should consider making before the calendar turns to 2017 to help you reduce your tax bill from Uncle Sam. 1. Get your tax records in order to be prepared for some changes in 2017. Gather up and organize all of your tax-related documents and files – receipts, invoices, pay stubs, paychecks, previous years’ tax

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Sick Days: Are You Competitive? Legal?

A generation ago, it was up to you as an employer to decide whether to offer your employee time off when they, or their spouse, child, or parent, became ill or incapacitated. Today about two-thirds of workers have some paid sick leave as a result of federal law, state law, local law, or employers just keeping up with your competitors. The trend is clear: if you aren’t yet forced by law or competition to offer this benefit, likely you will be in the near future. Here’s what you need to know. Federal

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Snapping Your Way To Savings: Tax Tips For Photographers

Professional photographers capture some of the most important moments of each day. Perhaps you take pictures at press conferences, weddings, sporting events, or natural wonders of the world. While you’re probably an expert at timing, you may not have as much experience when it comes to handling business accounting requirements. So, in honor of Photographers Appreciation Month, consider the following tax tips for photographers to help you save every penny and stay compliant with Uncle Sam. Tax Tips For Photographers 1. Determine if photography is just a hobby or is

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