Small Business

Practice

New IRS Program to Give Penalty Relief to Small Business Retirement Plans

The one-year pilot program that will start in June is intended to help small businesses with retirement plans that owe penalties for unknowingly failing to file reporting documents.
Practice

What Do Your Business Clients Want?

A new Sleeter Group survey reveals what business owners want from accountants. You'll see that there's a big difference between what they want and what you think they want.
Tax

5 Tax Advantages for Small Businesses This Filing Season

There are a myriad of tax benefits and deductions available to small businesses this filing season. Two tax partners with BDO USA LLP shed light on five in particular that business owners should consider.
Practice

Small Business Is Halfway to Hiring

When you talk to your small business clients, are about half of them hiring? The other half aren’t?
Practice

Small Business Looks Like It's Resolving to Be More Optimistic in 2014

Many of you recently celebrated ringing in the New Year. Some of you did it by going out on the town, others by getting in their pajamas and curling up on the couch with a glass of your beverage of choice. It's a time for new resolutions, new loves, new babies, engagements, lifestyle changes, and getting a fresh start.
Tax

Baucus Proposes Series of Sweeping Tax Reforms

Max Baucus released a series of comprehensive tax reform proposals over a three-day span. Specifically, the three drafts cover a restructuring of the international tax system, tax administration and fraud prevention techniques, and cost recovery deductions.
Technology

NSBA Survey: Cyberattacks Concern Small Business Owners

The overwhelming majority of small business owners recently surveyed by the National Small Business Association (NSBA) are worried about the security of their IT and online properties.
Practice

Modern Technology Lacking in Most Small Businesses

Although a little more than half of small business owners who were recently surveyed use technology for accounting, only a minority use automated technology for other key business operations, such as appointment booking and scheduling, CRM, and acquisition marketing.
Tax

IRS Issues Guidance on Health Insurance Credit

Small businesses may already be eligible for a special tax credit for providing health insurance. After issuing guidance on the credit in the form of several notices the past few years, the IRS has now released new proposed regulations summarizing the rules.
Tax

New IRS Letter to Small Businesses Draws Flak from Congress

The IRS is facing more pressure from Congress this week. Some lawmakers are criticizing a slew of letters sent by the agency to thousands of small business owners.
Practice

Finding Skilled Professionals Remains a Challenge for Small Businesses

What's the greatest challenge for small business owners when it comes to hiring and managing staff? Sixty percent of business owners who were recently surveyed said finding skilled professionals is the biggest hurdle.
A&A

Intuit Announces Small Business Big Game Multimillion Dollar Campaign

Intuit's new program shares the stories of small business owners with the world and recognizes their contributions with more than $25 million in rewards and offers to help them succeed.
Education & Careers

Survey: Small Business Owners Working More, Vacationing Less

Small business owners are working more hours, extending their workweeks, and taking less vacation than they were five years ago, according to the 2013 "Sage Reinvention of Small Business Study."
Practice Development

Sage Survey: Most Small and Midsized Businesses Not Hiring in 2013

Thirty-four percent of US small businesses and fifty-five percent of midsized businesses say they expect their staffing levels to remain the same in 2013, according to a hiring forecast by Sage North America.
Practice

Survey Finds Small Businesses Slowly Increasing Economic Activity

Small business owners are showing a willingness to hire more employees amidst signs of expanding business activity, according to the most recent Business Confidence Survey released by Insperity, Inc., a provider of human resources and business performance solutions.
Education & Careers

Chapman University Competition Gives Start-ups a Head Start

This April, Chapman University in Orange, California, became a mecca for "out-of-the-box" thinking when aspiring student entrepreneurs from top university programs put their business plans to the test in the California Dreamin' Investor and Fast Pitch Business Plan Competition.
Tax

IRS Offers Six Tax Tips for the Self-Employed

With less than two weeks left in the current tax filing season, the IRS has issued six tax tips for the self-employed, a category that includes independent contractors and those who own their own businesses.
Practice

Survey Ranks Best and Worst States/Cities for Small Businesses

If you're a footloose CPA or thinking about starting your own firm, then check out Utah, Alabama, New Hampshire, Idaho, and Texas. According to a recent survey, they rank as the top five friendliest states for small businesses.
Tax

Xero Survey Reveals Biggest Tax-Time Mistakes Small Business Owners Make

Tax season has a way of highlighting small business owners' financial management lapses. According to a recent survey, the two most frequently cited are (1) failing to keep financial records up to date and (2) not preparing a budget for the year ahead.
Tax

IRS Makes 8.7 Percent Sequestration Reductions

On March 4, the IRS announced it has been forced to trim awards paid to whistleblowers, to reduce refundable credits for certain types of tax-exempt bonds, and to reduce the refundable portion of the Small Business Health Care Tax Credit for some small tax-exempt employers – all by 8.7 percent.

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