by | Oct 26, 2013 | Income Taxes, Small Business Owners, Small Business Success Series
The Section 179 deduction was extended by the American Taxpayer Relief Act of 2012 (ATRA) and increased to $500,000 for 2013. Without further legislation, the maximum deduction is scheduled to drop to $25,000 for 2014. Tax Tip: Consider borrowing money...
by | Oct 11, 2013 | Cash Flow, Income Taxes, Small Business Owners, Small Business Success Series
I forgot to take my required IRA distributions for 2012. Is it too late? Better late than never. The excise tax penalty for not taking a required minimum distribution (RMD) is 50 percent of the amount due. You can pay the tax penalty by...
by | Oct 10, 2013 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
Autopsies aren’t just for dead bodies. Your company’s hiring record will improve dramatically once you institute fire-and-quit autopsies. Doing an autopsy means taking the time to figure out what went wrong with your hiring and employment process...
by | Oct 8, 2013 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
Once the customer gives us their physical mailing address, what do we do with it? We are going to mail them our monthly customer newsletter. Why newsletters? In his book Stick Like Glue, Jim Palmer lists seven secrets about how newsletters will...
by | Oct 5, 2013 | Books, Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
The Fastest Way to Higher Profits by Jim Palmer This book will help you generate higher profits in your business—fast! In it he covers 19 proven insider marketing and business tips that will take your business to higher levels of...
by | Oct 2, 2013 | Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners, Small Business Success Series
Auto-responders are computer programs that automatically send out information to those prospects and customers on your email list. I use Constant Contact but MailChimp is another great program that I recommend. The auto-responder allows us to automatically send...
