There's no better way to start the new year than with some solid tax and budget planning. Here are 10 business finance tips for 2017 to get you started.
Barbara Weltman is the Tax Columnist for Small Business Trends. Barbara is an author, attorney and a leading authority on tax, law, and finance for small business. She publishes an “Idea of the Day®” and monthly e-newsletter, “Big Ideas for Small Business®” found at Barbara Weltman, and is a trusted professional advocate for small businesses and entrepreneurs.
She has written over 25 books, including perennial top sellers, “J.K. Lasser’s Small Business Taxes” and “J.K. Lasser’s 1001 Deductions & Tax Breaks,” along with her latest books, “Guide to Self-Employment” and “Smooth Failing,” and is a blogger for SBA.gov, Entrepreneur, and AmEx OPEN.
Now is the time to take actions that will cut your taxes for 2016. The following 2016 year-end tax planning tips are general, so tailor them to suit.Dec 6, 2016 281 Shares
Get prepared for next year's tax season now with some need-to-know information about the changes to information returns to the IRS.Nov 2, 2016 275 Shares
At some point on your journey of running a small business, you'll come to a time when it's necessary to separate your personal and business finances.Oct 4, 2016 272 Shares
Offering bonuses to employees can constitute a lot more than just dropping a lump sum of cash on them.Aug 30, 2016 337 Shares
Sometimes, no matter how much planning you've done, you need money ... and fast. Today, there are more and more options to get you that emergency funding to help your business.Jul 29, 2016 160 Shares
The NFIB has some information on the impact to your small business when you decide to add new members to the team.Jun 30, 2016 479 Shares
Making guaranties to your your customers is away to build trust. But in business there are other guarantees you may need to make too. Understanding what you are agreeing to is important since it could affect you personally and professionally down the road. So here is an overview of some of these guarantees and how they work.Jun 6, 2016 335 Shares
Tax season may be behind us, but it is never too early to think about problems to avoid for the coming year. Here tax expert and author Barbara Weltman offers insight on the kinds of tax decision you need to keep watching out for throughout the rest of the year.May 11, 2016 459 Shares
You probably never thought of hiring employees as a way to save money. And, of course, it's not really. But there are hiring incentives you should b aware of come tax time. Here's a list to get you started.Apr 6, 2016 335 Shares
How do you go about writing purchases for your business off on your taxes? There are new rules and lots of options for small businesses. Here's a look at some new tax expensing and depreciation rules for this year.Mar 10, 2016 400 Shares
Tax season is rough on a lot of small businesses. But the ability to deduct expenses and other items from the amount you owe is a silver lining in an otherwise dark cloud. Check out these 20 tax deductions that small businesses can take this year.Feb 1, 2016 2.4k Shares