Posts Archive

Business Owners

Why Insure Your Business?

August 5, 2015

Your business represents a substantial investment of your ideas, time, and money (in addition to your sweat and elbow grease). Because your business faces a variety of risks and perils (e.g., property damage, theft, personal injury claims, and natural disasters), you’ll want to protect your investment. You can do this with various types of business…

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Understanding Your Business Owners Policy

August 3, 2015
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If you’re a business owner, you probably carry insurance for financial protection and peace of mind. You don’t need to be an expert on this type of insurance, but you should have a basic understanding of your own business owners policy (BOP). A little bit of knowledge may come in handy when you have to…

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Tax Planning for the Self-Employed

July 29, 2015
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What is it? According to the IRS, you are self-employed if you carry on a trade or business as a sole proprietor, as an independent contractor, as a member of a partnership, or if you are otherwise in business for yourself. You can be a full-time employee and still have self-employment income from a side…

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Transferring Your Family Business

July 24, 2015

As a business owner, you’re going to have to decide when will be the right time to step out of the family business and how you’ll do it. There are many estate planning tools you can use to transfer your business. Selecting the right one will depend on whether you plan to retire from the…

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Advertising and Publicity Basics for Small-Business Owners

June 15, 2015

Small-business owners want to strive for the best possible return on investment (ROI) on their marketing dollars, and advertising and publicity are two separate but very important components of a well-rounded marketing communications plan. Advertising refers to paid-for promotions; publicity typically means low- or no-cost news coverage and word-of-mouth promotion of your business. Within each…

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Women: What You Should Know When Starting a Business

June 10, 2015
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According to the National Women’s Business Council, there are approximately 8 million women-owned businesses.* Many of these businesses started small, begun by women seeking the exciting and potentially rewarding experience of “being their own boss” while doing something they enjoy. If you’re thinking about starting your own business, you’ll need a sound plan, a little…

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Buying an Existing Business

June 8, 2015
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What are the advantages of buying an existing business? The advantages of buying an existing business include: Established product or service Established “goodwill” Management team in place Existing collateral Reduced start-up time and cost Unlike a new business, an existing business will likely have a product or service that is familiar to consumers, suppliers, lenders,…

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Tax Planning for the Self-Employed

May 6, 2015
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  Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you’re self-employed, you’ll need to pay your own FICA taxes and take charge of your own retirement plan, among other things. Here are some planning tips.…

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Retirement Plans for Small Businesses

January 16, 2015
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If you’re self-employed or own a small business and you haven’t established a retirement savings plan, what are you waiting for? A retirement plan can help you and your employees save for the future. Tax advantages A retirement plan can have significant tax advantages: Your contributions are deductible when made Your contributions aren’t taxed to…

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Incentive Stock Options

November 28, 2014

An incentive stock option is a right or option granted by the sponsoring corporation to its employees to purchase shares of the corporation’s stock at a certain price for a specified period of time, notwithstanding an increase in the value of the stock after the option is granted. It is sometimes referred to as a…

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