Welcome to our new grim reality in the wake of the Coronavirus pandemic; the days of “wine and roses” and never-ending increases in business success and stock market price increases are officially over. Sure, you are now feeling the impact of the “baseball bat” smashing through your “glass house.” But continuing with the baseball analogy,
I am a relatively new entrepreneur with Luminary, a female-identifying professional development hub, opening just 18 months ago. Every day I receive queries on everything from raising money and scaling a company, to customer acquisition and creating a business plan. I was able to leverage my more than twenty years of corporate leadership and finance
Tax season is an annual headache. For a small business owner, navigating the taxation minefield can be an agonizing exercise. It takes financial know-how, organization, and commitment. If mismanaged, the results can be crippling. Mistakes caught during an audit might tank your business and, at the very least, an incorrect filing could mean you make
As if starting a small business wasn’t stressful enough, the Bureau of Labor Statistics’ Business Employment Dynamics has found that around 50% of businesses with employees will survive their fifth year in business. That number drops to just 30% by their 10th year. Yikes. That doesn’t bode well for the success of your small business.
The best way to ensure that you don’t get a bigger bill than necessary come income tax time is to double-check you are getting every deduction possible. There are multiple small business tax deductions available to sole-proprietorships and other small business organizations, such as LLCs. Keep in mind that while the list below contains some
The press release has long been an invaluable resource for businesses of all sizes: a simple yet effective way of getting the word out about a major acquisition, change in staffing, new product, forthcoming event or indeed any other piece of news the company deems to be worthy of promotion. As with other communiqués, however,