Business Planning in Uncertain Times

The most important thing to remember as a business owner navigating uncertain times is simple: with a proper planning process in place you can have confidence. Believe that you will make it through the storm, that the clouds will part and sunshine will once again fall upon your enterprise. Although external factors are usually ignored because they are out of …

Leadership Styles – How to Make the Most of Them

Being an effective operations manager does not always translate into being a great leader, a common misconception in small business management. Leadership is about creating and communicating a vision, inspiring others, teaching others and promoting a positive business model. Operational details are one thing; human nature is a whole different ball game. A great boss inherently represents both sides of …

Testimonials and Referrals – The Value of a Positive Endorsement

Recommendations and positive feedback from trusted sources are some of the most powerful tools when it comes to growing a successful business. Would you buy a new car without doing the research and reading the customer reviews? Probably not. Chances are, your clients follow the same principles. Referrals and testimonials can also be looked at as hot leads. The groundwork …

IRS Issues Rules On Recognizing Same-Sex Marriages

Married same-sex couples will be treated for federal tax purposes just like opposite-sex couples, according to a recent IRS announcement. Same-sex couples who were married in a jurisdiction, domestic or foreign, that recognized their marriage as legal will be treated as married for federal tax purposes even if they live in a state that does not recognize same-sex marriages as …

Noncash Charitable Donations Have Special Rules

In the quiet months before the conventional season of festivities and gift exchanges begins, you might not be thinking about charitable contributions.

Dependents Can Be A Complicated Tax Issue

Most taxpayers believe that a “dependent” is a minor child that lives with them. While that is essentially correct, dependents can include children and parents, other relatives and nonrelatives, and even children who don’t live with you. There is really much more to the dependent deduction than you might at first imagine. Exemptions and your taxable income. For 2013, each …

IRS Publishes Ten Facts On Amending A Tax Return

If you discover an error or omission on a tax return you’ve already filed, you can fix the mistake by filing an amended tax return.