Finance
Is Your Small Business Getting Taxed by High Costs?
As a small business owner, would you like to be certain that at the very least you are not paying more tax than necessary, and that you’re making all the tax savings you can? Read on for top tips on how to lower your small business taxes for the next tax season.
How Do I Create High Margins?
One of the most difficult elements of marketing for most people is the art and science of pricing. There’s a lot of science to it—but it’s also an art. How do you price your goods and your services? Where do you start?
5 Tax Deductions Small Businesses Shouldn’t Fear Taking
Every tax-filing season, most Americans go on a quest to find as many tax deductions as possible. At the same time, many small business owners and independent contractors leave money on the table because they fear that certain tax deductions will draw the attention of auditors.
Retirement Plans for the Small Business Owner: The Solo 401k
Self-Employed individuals and owner-only (and the owner’s spouse) businesses and partnerships can save more for retirement through a 401(k) plan. The Self-Employed 401(k) allows you to take advantage of this increased retirement and tax savings opportunity with a full range of investment options.
Readers Ask: Overhead vs. Cash?
The bottom of your P&L shows profit—not cash. Remember that profits are not cash. Only the interest payment for loans is covered in overhead. There are also some non-cash expenses such as depreciation in overhead.
Retirement Plans for the Small Business Owner: The SIMPLE Plan
Since there are so many people setting up individual LLC’s or home based side businesses, you need to keep a close eye out this time of year for setting up one kind of retirement plan, a SIMPLE IRA. The deadlines are just around the corner in the next few weeks, so could this be the right type of retirement plan for you?
If the Customer Doesn’t Want to Buy, Discounts Won’t Help
It’s a major sales error to use pricing actions to break a stalled deal lose. Pricing actions are meaningless until the customer decides, “I want to buy.” Pricing actions are meaningless until pricing is the only issue keeping a customer from buying.
Striking a Balance with Lenders
Small businesses need to be funded with enough capital so that they can fulfill all their needs. Finances should be secured for expansion of an existing business, for purchase of property, and to meet working capital needs. Entrepreneurs should also work on a sound business plan so that their business never fails.
Why Knowing Your Overhead Cost per Hour is Important
If your overhead is too high because of spending too much on extras and fancy offices, that can easily be resolved. However, if you’ve cut your overhead to the bone, then you must look other places.
7 Money-Saving Tips for Small Business
Money is one of the main ingredients in the recipe for success (or failure) of a small business. A necessary step in creating a budget you can stick to is finding the best ways to save money. You’ll be surprised to learn how simple some of these tips are to implement.
Top Articles in This Category
Stay up to date with
