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Big Ideas for Small Business® has been dedicated to helping small businesses succeed for over 20 years. The brainchild of Barbara Weltman, a respected corporate speaker, contributing editor, author of more than a dozen books from major publishers, sought-after expert media source, newsletter publisher and more than ever, a trusted advocate for small business owners. Big Ideas for Small Business® is a haven for entrepreneurs looking to succeed.

Idea of the Day®

July 23, 2017

Refunds of PTIN Fees?

In June, a U.S. district court decided that the IRS has the authority to require tax return preparers to obtain Professional Tax Identification Numbers (PTINs), but not to charge for them. The Tax Foundation estimates this could amount to a $300 million refund. The government may appeal the decision.

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Big Ideas For Your Business

Resources For Your Business
  • What’s Your Moon Landing?

    On July 20, 1969, the U.S. space program put men on the moon. This was just a little over eight years after Alan Shepard became the first American to go into space and President Kennedy’s challenge to Congress (three weeks after Shepard’s flight) to put a man on the moon. He said: “We choose to go to the Moon! … We choose to go to the Moon in this decade and do the other things, not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and […]

  • I’m excited to be Presenting a FREE, live webinar — Small Business Bootcamp —  on July 26, at 8pmET!   Find all the details here. Please help me by spreading the word and inviting those you know who want to start a new business … or who are new business owners.  They’ll gain insight on 25 things every business NEEDS for long-term success!

  • Employers are required to verify the eligibility of an employee to work in the U.S. Hiring someone who is not eligible to work in the U.S. can result in penalties for the company. Verification is done on U.S. Citizenship and Immigration Services’ Form I-9. On July 17, 2017, USCIS issued a new version of the form. Employers can use the new form (a paper or electronic version) or continue through September 17, 2017, using Form I-9 with a release date of 11/14/16. Starting on September 18, 2017, only the new form can be used. What’s new? The new form is […]

  • When it comes to tax rules, there are many misconceptions among small business owners. While their CPAs likely will get things right when they complete tax returns, it’s up to business owners to know the rules so understand the tax consequences of their actions throughout the year. Take this quiz to see how you score. (Note to tax practitioners: if you disagree with my answers, please email me.) Which type of business entity produces the best tax results? Sole proprietorship Partnership Limited liability company S corporation C corporation A small business owner takes a new employee out to lunch so […]

  • According to a report earlier this year, over three-quarters of data breaches occur at companies with fewer than 100 employees. The average cost of a compromised customer record is $141  to cover notification, settlements, legal fees, and more. To ballpark your exposure, figure that if your data is breached and you have 200 customers, it could cost you about $28,200. (Note: The above referenced report is free, but you must sign up to download it.) And data breaches aren’t the only concern. Ransomeware is on the rise. Newsweek reported that attacks in 2017 were up 250%. The average demand: over […]

Multimedia

Resources For Your Business

Tracking Personal Time Off by OPEN Forum

Small Business Taxes and Spending by OPEN Forum

#TWEETCHAT CALENDAR
TODAY'S TWEETCHATS

July 23, 2017

UPCOMING TWEETCHATS

Events in July 2017

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."

testimonials

  • " 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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