Is Outsourcing the New Way to Go? A Look at Outsourcing Trends
In the past, as your company grew, it was somewhat expected that more tasks would be taken care of in-house rather than by outside interests. However, today's trends towards digitization is rapidly increasing the number of businesses that outsource these tasks, whether it's marketing, accounting, business strategy or similar areas of concern. But is outsourcing right for your company? Here's a quick look at why this trend is so hot in today's business world. The business econ
Small Business and Social Causes: Should You or Shouldn't You?
In today's very competitive world, one way that some businesses choose to stand out is by supporting social causes. After all, most customers will happily support businesses that are helping out those in need around the world. But many businesses today are taking this trend a step further by supporting social causes that have a strong political lean, whether it's banning legally-carried concealed firearms, allowing trans-gender use of bathrooms, supporting pro-choice or pro-l
Did Your Tax Return Get Caught in the Crash? Here's What to Do
When federal tax returns were due on Tuesday, April 17, many individuals and business owners ran into a sticky situation. The IRS hardware that was connected to the agency's master file crashed early that morning, which caused serious problems as the agency could not accept returns or payments that day from a number of digital sources. Taking nearly 11 hours to fix, the crash impacted many tax returns. Was yours one of them? Here's what to do if it was. If your return was cau
With tax season winding down, here's how to prepare for next year
As we head into the hot summer months, the tax season has finally begun to wind down. But with all the changes that have happened in the tax code for the 2018 tax year, do you know how to prepare for next year's tax season? Here's a few quick tips to help you get prepared now to save a lot of stress later on. Are you a pass-through entity, such as a partnership, S-corp or LLC? If so, certain legal organization structures can allow you to deduct up to 20% of your business inco
When should you outsource for better business services?
Today's workforce is changing. Rather than focusing on doing everything under a single roof, many companies are beginning to outsource a significant portion of their business operations. But when is it a good idea for you to outsource your services rather than keeping them all in house? Here's a quick review of points where you may want to consider outsourcing. When you're first starting out. How do you write a business plan? What should be included in your budget? Starting a
Standing Out From the Crowd: Differentiating Your Business
In today's interconnected, social media focused digital world, it's becoming harder and harder to make your business stand out from the crowd. Fortunately, it's not difficult to create a strategy that helps your company shine and stand above the competition. Here are a few options to try that can help you keep your company looking unique and standing out from everyone else. Be uniquely you. Take a few minutes to figure out how your company is different than the competition. A
Depreciation Details: How the New Tax Law Changes Things
In the past, your business could depreciate the value of assets over a particular period of time. This was used to help your company determine how much of a loss those assets were taking over their lifespan. Much like a used car, your business assets depreciate in value over time and use. But the new tax laws have created changes in depreciation. Here's a quick look at what to consider when planning your company's new tax strategy. It used to be that your company's bookkeeper
