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Tax tip: Don't be tempted by the fudge
NASE
Keith Hall writes, "Telling you not to be tempted by the fudge is probably a silly way to start a blog post about taxes. Silly for the most part because, of course, you will be tempted by the fudge, because it's fudge. But I'm not talking about the chocolate kind. I'm talking about that temptation to take a shortcut in completing your federal income tax return. Try your best to avoid that temptation. Avoid those shortcuts. Avoid those temptations."
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Hawaii's aging small-business owners
The Garden Island
While corporate CEOs are pressuring Congress to cut Social Security and Medicare as part of a so-called "Grand Bargain" to reduce the debt, Hawai'i small-business owners say that cuts to Social Security and Medicare would be devastating to small businesses across the state.
A new report released by the Main Street Alliance in Seattle and Social Security Works, Business is (Baby) Booming, analyzes the important role Social Security and Medicare play in Hawaii's economy, strengthening the retirement security of small business owners and fueling consumer demand on Main Street.
Starting a small business: Taking a leap of faith, eyes wide open
The Patriot-News
It's the ultimate act of faith in one's self, the community, the economy and in America. And, most of all, in one's idea to sell a product or provide a service in an already crowded and cut-throat market that collectively we call capitalism. But given the long odds — depending on what stats you believe, just one in ten small businesses survives past 10 years — the would-be entrepreneur must have far more than faith on their side to make a go.
Don't miss the health insurance deduction if you're self-employed
Oswego County Today
If you are self-employed, the IRS wants you to know about a tax deduction generally available to people who are self-employed. The deduction is for medical, dental or long-term care insurance premiums that self-employed people often pay for themselves, their spouse and their dependents. The insurance can also cover your child who was under age 27 at the end of 2012, even if the child was not your dependent. You may be able to take this deduction if one of the following applies to you.
How much will the sequester cost small-business contractors?
Small Business Trends
The sequester is here. Federal agencies need to trim their budgets by $85 billion. How much will this budget cutting exercise cost small business contractors? Coming up with a precise estimate isn't easy. Only some of the federal budget cuts will come from spending on outside contractors. And the cuts to contracts will be borne mostly by big businesses since that's who gets most of the federal contracting dollars. More importantly, only some of these budget cuts will affect cash disbursements.
10 social media time management tips for small business
Forbes
Social media is one of those things that small-business owners know they need to do but they are not quite sure how to find the time to do it. The following are 10 tips for effective social media management.
Small-business squabbles over paid sick time laws nationwide
Republican American
Two months after a severe flu season forced millions of workers to stay home, paid sick time is becoming an issue for many small-business owners. City councils in Portland, Ore., and Philadelphia have approved laws requiring employers to give their workers paid sick leave. Two Democratic lawmakers, meanwhile, introduced a bill in Congress that would make paid sick leave a federal requirement.
There's a great divide among business owners over the issue. On one side are opponents who say paid sick time creates financial and administrative burdens for businesses struggling with a still recovering economy and uncertainty about health care costs and federal budget cuts. Others argue it makes for a happier workplace and encourages employees to stay home instead of coming to work and infecting everyone around them.
How advisors are helping small businesses see the big picture
Bank Investment Consultant
When Mike Flanagan speaks of having an entrepreneur's passion, he's drawing from his own well. After running his own accounting practice for 23 years, he sold the firm in 1997, staying on for six more years before retiring in 2003.
Only then did he launch a new career as a financial advisor at Wilson Bank & Trust. Flanagan puts his entrepreneurial expertise and empathy to work every day for his small-business clients. And while not required, having his considerable experience in navigating the business world can only help his clients trust his judgement more, particularly in the past few years.
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