President Obama presented the American Jobs Act in his address last night. Here's what it means for small businesses. Last night, President Barack Obama presented his long anticipated plan for creating jobs: the American Jobs Act. The plan calls for a combination of tax incentives and spending that are intended to motivate companies to hire people and raise salaries while also providing economic support to unemployed people. The price tag: nearly $450 billion. Small businesses are a central … [Read more...]
IRS Makes It Cheaper To Pay Late
Every once in a while, we receive some good news from the IRS. Here's the latest. Every once in a while, we receive some good news from the IRS. Today is one of those days! The IRS recently announced changes to the interest rates used to calculate underpayments and overpayments on income tax payments sent to the agency. The bottom line is that underpayments will accrue interest charges at significantly lower rates than before. The new changes go into effect on Oct. 1, 2011. When the IRS … [Read more...]
Millionaires Hooked On Facebook – Start Selling To Them Now!
The number of affluent consumers on Facebook is increasing rapidly. Here's how to take advantage. According to the latest official statistics published by Facebook, the social networking website has over 750 million active users around the world. Fifty percent of its active user base is logged into Facebook on any given day. If your company has tried to use Facebook as a marketing channel to reach average consumers, odds are the results haven’t been as expected. Using Facebook as a marketing … [Read more...]
Should You Start Pricing In Foreign Currencies?
With the US dollar taking a prolonged beating, the question arises: should we start pricing in foreign currencies? The U.S. dollar has taken a beating lately. Since July, it has fallen significantly in value against the Yen, Euro, Pound, Canadian Dollar and Gold among other currencies and commodities. This downward trend may be accelerating, but it isn’t something new. Back in August 2000, a single U.S. dollar could be exchanged for 108 Yen, 1.1 Euros, 0.67 Pounds 1.47 Canadian Dollars or .0036 … [Read more...]
What’s Happening To Hewlett Packard?
Why has Hewlett Packard lost half its stock value in recent months? Here are the business lessons to take away. Hewlett Packard is a legendary company. Founded with $538 in 1939 by Bill Hewlett and David Packard in the proverbial Palo Alto garage, HP has grown into one of the largest companies in the world. They currently employ over 324,000 people and generated over $126 billion in revenues last year. Additionally, HP generates nearly $1 billion per month in operating income. Despite their … [Read more...]
Business Theft May Be On The Rise – Protect Yourself
Protect Yourself: There are several proven strategies to stay safe and prepare for criminal activity. According to recent research released by the National Crime Survey (NCS) and the Federal Bureau of Investigation (FBI), crime statistics have improved in the U.S. over the past several years. The NCS is conducted by the Office of Justice Programs at the Justice Department. It surveys individuals directly to capture data on crime that isn’t reported to the police. The FBI compiles data from … [Read more...]
3 Catalysts To A Financial Meltdown In 2012
What can actually lead to another Financial Meltdown? The economic and financial landscape looks worse with each coming week. Unemployment, inflation and uncertainty are on the rise. Investment returns, corporate budgets and the strength of the “full faith and credit of the United States” are declining. With so many problems being covered incessantly in the news, it’s easy for everything to morph into one giant “eco-financial mess” from which we want to look away. Not all problems have the … [Read more...]
New Legislation Targets PEO (Professional Employer Organizations)
Do you know what a PEO is? Mike Periu tackles current legislation, and what it could mean for your business. Professional Employer Organizations (PEOs) offer an innovative way for small businesses to outsource the headaches associated with certain elements of human resources management. When a small business hires a PEO, the small business’ employees also become employees of the PEO. This is known as co-employment. From the perspective of the IRS and state governments, the PEO is the … [Read more...]
Use The Back Door To Win Government Contracts
If you've never won a government contract before, try this shortcut to securing work against seasoned competitors. Winning competitive bids for government contracts is very challenging. The bidding process is long and complicated; the reporting requirements are onerous and the competition is intense. Despite the challenges, government contracts are great. The government always pays. Good performance leads to more contracts. Governments are not as susceptible as private sector companies to … [Read more...]
Here’s how you can prepare for the panic.
Should You Be Panicking Right Now? Economic conditions are not bringing anyone peace of mind right now. Here's how you can prepare for the panic. This summer has been absolutely brutal for those seeking financial peace of mind. For small business owners who took time before this summer to budget and plan ahead for 2011 and 2012, that effort may have been a waste. Economic conditions have shifted so much that old plans may no longer be relevant. It’s time to start over. So many things have gone … [Read more...]
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