Hiring? Great! Here’s How to Get Started With Your First Employee

Up until now, you alone have been running your small business. Now you need help. The moment when a small business owner decides to hire his or her first employee is one of triumph. Conversely, knowing how to start the hiring process can be a moment of confusion. If you’re ready to hire your first employee, first of all, congratulations! …

Are You Scrambling to Get Prepped for Your Taxes? Here Are Some Tips

While tax day here in the United States is not until April 15, if you own a business and you intend to follow the rules, you’ve already started scrambling. 1099s were due to your independent contractors February 1, and if you are filing an S or C-Corp tax return, it’s due March 15, and then of course personal returns are …

Is Your Payment and Agreement Process Losing You Money?

If you get paid for a service, collecting payment is the lifeblood of your company. And, yet, if you are like most people, you’ve made it an afterthought. Indeed, few companies and individuals have given deep consideration to how their clients and customers interpret and understand the agreement presented. For example, I recently got a request from a client I’ve …

Doing Your Homework: How to Maximize Your Home Office Deduction

If you work from home, you may be eligible for tax deductions on part of the rent or mortgage payments you make, but you may be afraid this puts you at risk of a tax audit. And, rightly so. Calculating your home office deduction properly can minimize your taxes and keep you out of risk. The IRS provides two methods with …

How Your Legal and Financial Decisions Can Impact Your Marketing for the Better (or the Worse) In the Eyes of Your Prospective Customers and Clients

Running a small business often means you play a jack-of-all-trades. Whether it’s drafting client contracts or taking inventory, it’s likely you have a hand in all aspects of your business. Marketing is no exception. And knowing how to create an efficient small business marketing plan can be difficult, especially when you might not be sure how to tie that into …

Is Your Small Business Being Audited? Stay Calm and Read On

Audits can happen to any business. Small businesses are no exception. The IRS can conduct an audit on your business when your tax filing contains questionable deductions, your business is of particular interest to the IRS or by random selection. Contrary to popular belief, being audited doesn’t necessarily mean you did anything wrong. And for those who are prepared, it …

Avvo Legal Guide: The 4 Pillars of a Solid Business Foundation

This excerpt, courtesy of A.J. Yolofsky, Family Business Laywer®, was originally published on Avvo. The guide can be read in full here. This guide will give you information about the four pillars upon which every business foundation is based. Ignoring your business’ foundation means you are essentially flying by the seat of your pants not knowing where you might be exposing …

Leaving a Business Legacy

As a business leader, you have the ability to make an impact, inspire future generations and leave a legacy of your leadership. But too often, leaders in the business world fail to consider how to accomplish these lofty goals until it’s too late. Leaving a business legacy isn’t as simple as wisely planning your retirement. Don’t put off thinking about …

Avoid These 5 Common Startup Legal Mistakes

It seems that everywhere you look, a new startup is trying to make it big with a game-changing idea. But, it’s only the ones that can turn that idea into reality that reach business success. Too many startups fail to make the transition from idea to execution or encounter major setbacks along the way. In the midst of developing your …

Spring Cleaning for Your Legal and Financial Affairs

Spring has officially sprung and that means it’s spring cleaning time. Shake out the rugs, clean out the cupboards, and get your legal and financial affairs in order. For plenty of folks, it’s easy to know what to do when it comes to home organization, but the idea of legal and financial ordering can be complex and confusing. This article …