As a small business owner, the words “trade war” and “tariff” can be unsettling. When cost uncertainty is on the horizon, you will want to be prepared as much as possible. Here are some ideas to help you navigate your business through a possible trade war. Tariffs defined A tariff is a tax on imports imposed by a governing authority. The tax can be on specific goods and services, countries of origin, or both. The current

Your credit score is one of the most important aspects of your financial health. It is used by potential lenders, landlords, and even employers to analyze your financial situation in one way or another. Here are some tips that might help you improve your score:

With unemployment at historically low rates, retaining employees is harder than ever. Here are some tips to help your business maintain a thriving workforce: Invest in current employees. One of the key opportunities for business success is a continual investment in your current workforce. If you have employees with potential to grow, offer training and continuing education to help them realize that potential. With online courses, this is now easy to do without a major disruption

Over the course of the last 20 years, video games have morphed from an entertainment choice into a lifestyle. According to a 2018 Nielsen study, a whopping 66 percent of Americans 13 and older identify themselves as gamers. Here’s what you need to know: Major Developments A massive 24/7 online community. Instead of needing friends to be physically present to compete against, gamers play with people from all over the world at all times of the

As students gear up to head back to school, there are some changes to education deductions that could save or cost you more in taxes and even raise college tuition costs. Here is what you need to know to get up to speed: What is gone Continuing Education as an itemized deduction: In previous years, you could deduct expenses paid for job-related continuing education as a miscellaneous itemized deduction. This deduction has been eliminated. However, if

Often lost in the excitement of large-scale tax change is how they can negatively impact some individual situations. Check out the questions below to see if you might be in for a tax surprise this year.

September 3: Labor Day September 17: 3rd quarter estimated tax due Filing deadline for 2017 S corp and partnership returns that received extension October 1: SIMPLE IRA plan establishment due

If not tracked and managed properly, capital gains tax can come as a large surprise at tax-filing time. In fact, many taxpayers don’t realize they have a capital gain until they get their 1099 form in January and see a capital gain distribution. Here’s what you need to know. Understand capital gains and their taxability Capital gains are recognized when you sell a capital asset for more than your basis in that asset. Capital assets are

You’ve done the hard work. You have a new business idea or you’ve found an existing business to purchase. Want to help ensure your business success? Pay attention to correctly set up your business’ accounting system. Here’s how: