What would happen if your revenues decreased by 44% in one year and looked like they would continue to fall in the next 12 months? Or increased by 30% rapidly and because of an unpredictable series of events? The recent downturn in the mortgage market reminds us how quickly things can go sour. Countrywide, a mortgage lender, …
What a Five Hour Hike Can Teach You About Business
It was intended to just be a short hike, as the afternoon temperatures were predicted to be in the mid-90s. This past weekend, my husband suggested we maintain the stamina we achieved by hiking in Yosemite, and go on a short hike through our local State Park. Because the afternoon was supposed to turn hot and humid, we set out at 9:00 AM and …
Retirement Plans for Small Businesses
For many small business owners, just making your financial obligations month-by-month is difficult. But as your business grows and becomes more profitable, it's time to start thinking about saving some of that profit towards your retirement. The IRS has a guide to help define the different types of retirement plans and how they affect your taxes. …
IRS Tax Site for Businesses
March 15 is typically the annual tax deadline for many small businesses in America, and with the sole proprietorships and LLC deadline (April 15), you need all the business tax advice you can get. The Internal Revenue Service (IRS) has set up a tax page for businesses, including self-employed businesses, which you might find helpful. And for …