You know more accounting than you think you do. So for this episode of the Small Biz 100, we’re going to build on what you already know, to get you through the accounting basics. When I taught computer accounting classes to small business owners, this was always the first thing we went over together. So…
Hope you are all keeping track of your miles driven for business. The IRS is in a generous mood. “Due to rising gas prices, the mileage rate will increase by eight cents to 58.5 cents a mile for all business miles driven from July 1 through Dec. 31, 2008.” Check the IRS website.
Financial aid expert Chris Penn shares his insight on scholarships and loans, with some special considerations for small towns and for small business owners. Chris also tells us why your credit score is a bigger consideration this year. Links Chris mentions: FAFSAOnline.com FAFSA.ed.gov StaffordLoan.com ParentPlusLoan.com AlternativeStudentLoan.com Where to find Chris: Financial Aid Podcast.com 206-350-1208 Email…
If you accept credit cards, you can’t avoid receiving offers for a merchant cash advance. Seems like every day someone calls our store to offer one! But have you ever actually used one? If you have, Marketplace would like to talk with you. Marketplace is the business show on public radio. They are researching these…
If you set up your business’s office inside your home, how will you go about deducting the costs of that office? Since not all of your home expenses are for the business, then some sort of allotment must be made in order to accurately reflect business expenses. A certifiable “home office” that is used “exclusively…
So, you have decided officially to become a “business.” Now, what? Well, in order to know how well your business is doing, you will have to keep track of income and expenses: just guessing is not enough. Unless you have specifically chosen otherwise on your tax return, you’ll be reporting on a cash basis. This…
Recently Becky asked me to help with some information about US Small Business Administration (SBA) programs. Here are a few basics everyone needs to know; first, SBA does not do direct lending except for disaster assistance. They also do not have grant funding. What do they do? They offer a guarantee to a lender that…
“I just got my first paying side gig! Now what? Am I a business? What do I have to file? How does all this work?” If you are active in the world of social and creative media, you may find yourself with an unexpected offer to accept advertising, do some consulting work, or speak for…
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