Small Business

The Best Small Business Insurance For General Liability, Workers Compensation, Commercial Auto and Umbrella Coverage

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If you own a small business you know that with all of the rewards that come with being an entrepreneur there are also financial and legal risks that act as a daily overhang on your business. If one of your employees is injured on the job, the medical costs could bankrupt your business. If somebody [...]

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Taking Out a Loan vs. Venture Capital: The Pros & Cons of Both

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With the economy and unemployment the way it is today, many folks are thinking about starting or growing their own small business. But this requires money to pay for things like employee’s salaries (you may be the only employee), offices, supplies, marketing and more. Entrepreneurs typically get their money from a range of sources including [...]

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2011 Business and Corporate Tax Rates with Small Business Jobs Act Tax Changes

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With the passing of the Bush-era tax cuts and small business jobs act tax provisions, a number of tax laws will come into effect this year. Here is a summary of the key tax changes and how your business and personal income taxes could be affected. 2011 Tax Rates The 2011 corporate tax rates are [...]

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A New 2011 Economic Stimulus Package With Obama-Bush Tax Cuts and Unemployment Benefit Extensions

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[Update - No New Taxes with Tax Extensions Approved] President Obama has now signed into law a bill that covers a temporary extension of all the bush-era tax cuts. The new bill also contains extensions to some of the 2008 stimulus tax breaks, and even has some new tax cuts. With this legislation he has essentially created [...]

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Updates: Claiming Home Buyer Credit Extension, Small Business Loans and Tax Breaks Plus $250 SSI Payment

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I wanted to provide a few updates on some of the more popular topics on this site given recent developments. You can click on the topic header to get more details. Home Buyer Tax Credit Extension (again) and Claiming It : One of the most popular topics on this site, the many articles I have [...]

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5 Insider Tips for Starting a Small Business

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This is a guest post from small business owner and great personal finance blogger, Phil Taylor of PT Money: Personal Finance. I spend every day writing on the subject of personal finance. So it’s rare that I get to discuss straight-up business tips. But because of the growth of my once little known blog, I’m [...]

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Obama’s New Jobs Stimulus Plan – Small Business Tax Deductions, Bonus Depreciation and National Transportation Projects

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[Update Sep-Oct 2010] Obama’s Small Jobs Bill has been approved and you can find more details in this post. In an effort to provide a sustained job creation program, President Obama called for Congress to approve major upgrades to the nation’s roads, rail lines and runways — part of a six-year plan that would cost [...]

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How to Get and Qualify For a Small Business (SBA) Loan

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In the current economy with 10% unemployment many people are becoming self employed small business owners as a way to make living. Apart from the daunting task of starting a viable business the biggest challenge is to actually get the funds to start or keep the business running. This is particularly the case if your [...]

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Best Business High Interest Savings Account – Choosing an Online Business Savings Account With a Top Rate

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After about one year of incorporation of my blogging business, I have managed to build a decent amount of savings that was earning exactly 0.01% in my Wachovia business checking account. While I like the features of the checking account, it was not making my business savings work for me. So after receiving a promotional [...]

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2010 HIRE Act – Small Business Health Care Tax Credit, Payroll Tax Incentive and Business Credit For Employers Hiring and Retaining Unemployed Workers

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[Updated with New IRS provisions] The IRS has released more details on tax-saving opportunities included in recently enacted HIRE act federal legislation (see details in previous update below). A variety of business tax deductions and credits were created, extended and expanded by the American Recovery and Reinvestment Act of 2009 (ARRA), this year’s Hiring Incentives [...]

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2012 vs 2011 SEP IRA Contribution Limits and Eligibility Rules

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[Updated for 2012 limits]  A year or so after starting my small business and completing my first annual tax return my accountant advised that I start looking into a retirement account/plan for my business in order to lower my overall tax bill and also effectively set aside some of my business profits towards retirement. After [...]

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Claiming the Small Business Health Care Tax Credit plus Employer Fines, 2010 Tax Credits and Employee Subsidies

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[Update Dec 2010] The IRS has released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year.  The IRS have also provide a one-page form and instructions  for small employers to use for claiming the credit for the 2010 tax year. New Form 8941, [...]

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