Tag Archives: small business

The Business Expo Is Here!

The Business Expo Is Here!

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The Brunswick Chamber of Commerce annual Business Expo is this evening. It will be held at the new Brunswick firehall. Our firm has been an exhibitor for the last three years and each year it has been a great experience. This is a great venue to market a small local business like ours.

For me, what I enjoy most is working at our table space. We try to assemble an informative display with brochures and information that appeals to a broad array of situations. This year we will have information on the Maryland Energy Assistance and Homeowner Tax Credit programs, information on federal income tax deductions, and information valuable to anyone starting a small business. Please stop by booth #19 and say hello.

I look forward to seeing you Thursday evening, November 8th at the expo!

Jim

[Photo credit: https://www.facebook.com/gbaccmd/]
Don’t be Afraid to Raise your Prices!

Don’t be Afraid to Raise your Prices!

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This morning I met with a small contractor to review his year to date results of operations and compute the income tax he should submit by Sept. 15th. During the meeting he mentioned how busy he has been and that he is turning down offers to look at more work because he is already scheduled… Continue Reading

We can’t do it all…well

We can’t do it all…well

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As business owners, we do our best to minimize our expenses while trying to maximize our revenues. Too often we become revenue-focused and pour the majority of our time and energy in to producing more revenue. This naturally leads to a decline in the aspects of our business that don’t directly produce the revenue. We… Continue Reading

IRS to Audit More Small Businesses!

IRS to Audit More Small Businesses!

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The 2018 IRS Forum was a valuable source of information regarding the upcoming tax filing season. Among the many tidbits I gleaned were issues of IRS concern relating to small businesses. The IRS has announced they are going to scrutinize such things as: personal use of the business assets such as cell phones and laptops,… Continue Reading

Can you afford to retire?

Can you afford to retire?

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Since the end of tax season, I have met with two new clients who are considering starting their own businesses. We discussed the benefits and disadvantages of many aspects of self-employment. I found it interesting that neither considered having a pension to be of high importance. More and more people seem to be retiring early… Continue Reading

What Software Do I Use For My Small Business

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QUESTION: Dear Taxman – I am starting a small business. What software should I use to keep track of my business transactions? ANSWER: Dear Reader – If you are only selling one product or service, Excel is good for tracking incoming and outgoing money in a list format that you can sort and search. If your business is much larger,… Continue Reading