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Tax, Legal, & Financial Information

Big Ideas for Small Business® is dedicated to providing small businesses with the tools they need to gain a solid foundation and future financial success. With counsel for almost every facet of entrepreneurial finance, Barbara Weltman is your source for the right ideas for growing your business.

  • 40 years of legal and small business experience
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Idea of the Day®

May 25, 2018

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Big Ideas For Your Business

Resources For Your Business
  • The most recent NFIB Index of Small Business Optimism shows that the optimism of small business owners is at near record highs. Earnings trends were the highest in the monthly survey’s history. The conclusion from the survey is that “the outlook [for the rest of the year] remains exceptionally positive.” But the survey also reveals some challenges that small businesses face as the economy improves. Employment challenge The number one problem for small business owners now is labor quality, even more problematic than taxes and regulations. There’s a shortage of qualified workers, and that’s left 35% of owners with job openings […]

  • There are a lot of confusing statistics about the gig economy … the realm of workers for Uber, TaskRabbit, Upwork, or themselves. According to a survey by Upwork, there were 57.3 million Americans freelancing in 2017, and that by 2027, more than half of American workers will be freelancing. But is that so? Will the gig economy continue to grow? Will it shrink? Will it disappear? How are things for freelancers? Earlier this year, an academic study from Cornell on the agony and ecstasy in the gig economy found that “workers experience stark emotional tensions encompassing both the anxiety and […]

  • Watching the Clock

    The old saying that timing is everything has great significance for your business. It governs performance deadlines, tax filings, statutes of limitations for bringing lawsuits, and more. Here are other reasons to watch the clock. Setting business hours Business hours are the times your workplace is open for business. Each business must decide for itself what is needed. For example, many offices use the traditional 9 to 5 schedule while many small retailers run from 10 to 6 or even later. Internet-based businesses are open 24/7. Restaurants set hours according to what they serve … breakfast, lunch, and or dinner. […]

  • A Bad Apple in Your Business?

    Recently a physician in a good medical practice in my area was convicted of 5 counts of federal drug charges, and it got me to thinking about what this will do to his partners, who had nothing to do with these illegal drug activities. What does it mean to a small business when an owner or employee does something egregious … embezzles, sexually harasses someone in the company, or the like …and it goes public? Be prepared to handle this and other PR nightmares. Public relations expert Jennefer Witter of The Boreland Group Inc. shares some ideas on steps to […]

  • DC Comics introduced the character of Superwoman in the 1940s. Since then she has come to be Superman’s female counterpart, fighting evil and holding her own in the Justice League. The term “superwoman” was coined by author Marjorie Hansen Shaevitz in The Superwoman Syndrome to denote a woman who copes successfully with the demands of career, marriage, and motherhood. In honor of Mother’s Day, let’s look at the evidence on whether the notion of superwoman is realistic or just something for the comics. Career versus motherhood One of the great things about the women’s movement that started in the 1960s […]

  • Fraud in Your Workplace

    Inventory is short, money is missing from the till, or you’re reimbursing an employee for bogus T&E costs. These are all examples of employee fraud. It’s probably not a question of whether you experience it but rather how much employee fraud is costing your business. According to the Association of Certified Fraud Examiners’ 2018 Report to the Nations on Occupational Fraud and Abuse, workplace fraud is widespread. Here are some alarming statistics: The median loss to a small business (fewer than 200 employees) is $200,000, which is nearly double the amount ($104,000) for larger companies. The most common schemes in […]

  • Federal law doesn’t make you pay employees who take family and medical leave. This is so even if you are required by the federal Family and Medical Leave Act to give up to 12 weeks of such leave time. (Businesses with fewer than 50 employees don’t have to offer any leave time.) But if you choose to continue compensation to an employee who takes such leave, you likely are a hero to this employee’s family and you can claim a new tax credit. Here’s what you need to know about the credit so you can decide whether continuing pay to […]

  • TSheets by QuickBooks surveyed small business owners for National Small Business Week and found that they (and their families) make personal sacrifices in order to run their businesses. I’ve been a small business owner for more years than I care to share and I can relate to the survey results. In honor of National Small Business Week (April 29 through May 5), I’m listing some of the survey results here. Small business owners are early risers According to the survey, 33% rise daily at 6 a.m. and another 23.6% get up at 7 a.m.; 17.2% are up by 5 a.m. This […]


Resources For Your Business

Book Interview - J.K. Lasser's Small Business Taxes 2018

Small Business Taxes and Spending by OPEN Forum


May 25, 2018


May–June 2018

barbara’s books

  • The ultimate money-saving tax guide for the small business owner.   J.K. Lasser's Small Business Taxes is designed to help business owners make sense of their taxes and file correctly, on time, without over- or under-paying.  Written in a straightforward and accessible style, this reliable resource offers a complete overview of small business tax planning and provides you with the information needed to make tax-smart decisions throughout the year. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.
  • The complete guide to all deductions and credits for individual taxpayers.   J.K. Lasser's 1001 Deductions and Tax Breaks shows you just how much money you can save on your taxes—legally—simply by taking advantage of what's out there. Millions of Americans overpay their taxes by billions of dollars every year, because constantly evolving laws and regulations make keeping track of deductions and breaks next to impossible for the everyday taxpayer. This book helps you put a stop to overpayment so you can keep more of your hard-earned money. Fully updated to reflect the latest rulings and laws — including an e-supplement with the latest tax developments from the IRS and Congress — this book answers all of your "Can I claim…" questions with guidance from the nation's most trusted tax advisors.
  • Tax facts and strategies every self-employed person needs to know As a self-employed person you have to handle many, if not all, of the aspects of running your business. J.K. Lasser's Guide to Self-Employment is intended to help you with some business aspects with which you may not be familiar—but which have a great impact on your bottom line. It skillfully focuses on taxes as well as many legal and financial matters that may pertain to your business.3
  • Smooth Failing - Living Edition

    This is the Living Edition of Smooth Failing. New stories from business leaders on their business failures and the lessons learned will be added regularly at no additional cost. Alerts will be sent out automatically when each new version is available. Specific requests and challenges can be submitted by the reader for future consideration and these will dictate how often and how many additional stories will be made available.
  • Small Business Survival Book

    12 surefire ways for your business to survive and thrive! Owning a small business can be a fulfilling and financially rewarding experience, but to be successful, you must know what to do while the business is up and running, and, most importantly, what to do when the business runs into trouble. This book is definitely part of what you need to succeed!
  • As Vicki Raeburn of Dun & Bradstreet notes in the forward, "...the successful creation of credit by small business has a significant effect on one of the most important business drivers, namely cash flow. ...     [This book has] the information needed to understand and build business credit."


  • " Best information for a small business owner!
    For a small business owner, the information [in your book] is absolutely one of the best I’ve come across! Thanks so much for the break-down of information. ”

    -Michelle Joe

  • " I don't want to miss it!
    I just wanted to reach out and give you a very big, truly heartfelt "thank you" for all the work that you do to help small business owners grow and succeed. More specifically, I wanted to offer you some praise for your blog posts and Idea of the Day®. My email inbox gets so very cluttered. And honestly, on most days I will do a wholesale delete of many, many messages. But I literally stop and specifically look for your name and your small business Idea of the Day®. I don't want to miss it! In fact, I look forward to reading it daily (even on weekends!) because I know I'm going to learn something new that saves me money, time or just adds to my professional knowledge in a way that helps me help others too. So thank you, thank you, thank you for your efforts! ”

    -Lynnette Khalfani-Cox, The Money Coach

  • " Getting your daily email is like getting an MBA in small business!
    Thank you for finding this important information. Getting your daily email is like getting an MBA in small business. ”

    -J. S. Budnik

  • " Thank You, Barbara!
    "Thank you, Barbara Weltman, for all of your articles and tax advice to small business owners! All the best." ”

    -Shane Madigan

  • " Thanks for providing such useful information!
    I follow your blog religiously for the great tips you provide. I love the new look. It makes me smile to see that your blog got an update.  Thanks for providing such useful information. ”

    -Lee Drozak

  • " Barbara Weltman is an Advocate for Small Business
    She has been an advocate, public speaker, and resource for small business news since the release of her first book, J.K. Lasser’s Tax Deductions for Small Business, in 1995. Since then she has run her website, her Big Ideas for Small Business® newsletter, and her blog, not to mention written over a dozen books. Ms. Weltman is on this list twice because for many business owners, it is easier to scroll through her Twitter feed for trending topics and news events than search her website. However, if you don’t take a minute to read her newsletters or blog — you’re missing out. ”

    -Meredith Wood, Fundera Ledger

  • " Great segment!!!
    Barbara Weltman is one smart cookie - I follow her on Twitter, and her content is always interesting and informative. ”

    -An eBay Radio listener - purplejaime1976

  • " Absolutely love your Idea of the Day®
    it’s BRIEF, concise and timely. Funny, I do a quick scan of my bloated mail box, quickly deleting what I feel is a time waster. But I NEVER delete Idea of the Day® until I've first opened it. Both you and Napoleon Hill's Thought for the day ALWAYS get read. You’re in terrific company. Thanks. ”

    -Don Aronowitz


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