Posts by GoSmallBiz
Recovery for the Smallest Restaurants and Bars
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, today is announcing the latest application data results for the $28.6 billion Restaurant Revitalization Fund (RRF), passed as part of the American Rescue Plan. The RRF has received more than 147,000 applications from women, veterans, and socially and economically disadvantaged business owners, requesting a total of…
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Where Do You Go for Guidance?
Every business owner needs advice. Especially when it comes to complicated sales, legal, tax, or technology issues, among many others. And as your business grows, the issues only get more complicated. You’re an expert in your business; what you need are experts in their fields to help when these questions come up. The new Guide…
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Small Business in the News: May 13, 2021 Edition
While technology is always changing, the past year has seen some remarkable shifts as businesses have responded to their extraordinary circumstances. Automation in particular has grown by leaps and bounds, not only for big businesses but for small businesses, too! Some of our top stories this week look at the rise in automation for small…
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Friday 5 for May 7th, 2021
Put the Customer Before the Sale By Shep Hyken When your primary focus is just on making a sale, you might get it, or you might not. But if your primary focus is on helping the customer, you’d be amazed how often the sale comes… Watch video Tracking Diversity, Equity, & Inclusion Efforts By ADP…
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Small Business in the News: May 6, 2021 Edition
Are you thinking about starting a new business? Or looking for what you can do to take your young business up a level? Some of our top headlines this week directly take on these questions, along with other important issues for small businesses like the PPP, employee classification, and more! How to start 12 small…
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Friday 5 for April 30th, 2021
Control the Controllable By Fran Tarkenton At fifteen, during my junior year, we had a tackling drill in which I separated my shoulder. Instead of standing down, however, I was determined to develop my instincts. My injury gave me an urgent need… Read article Is Your Business Ready to Become a Certified B Corp? Ask These…
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Small Business in the News: April 29, 2021 Edition
How have you adjusted your leadership style over time? Some of our top reads of this week focus on important traits for business leaders, especially related to emotional intelligence. Keep on reading for insights on in-person business, remote work, and more! Are you an emotionally intelligent boss? (USA Today) The one leadership trait that’s most…
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Friday 5 for April 23rd, 2021
How to Manage Your Remote Workforce By ADP Is your business one of the many that sent workers home to work remotely during the Covid-19 pandemic? Remote work was already a growing trend, and now that so many workers have… Read article Friction Harms the Customer Experience By Shep Hyken I’m a big believer in…
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Incorporation and Self-Employment Tax
A significant difference between the S corp structure and the sole proprietorship and partnership structures occurs with respect to the Self-Employment Tax (SE Tax). Owners of sole proprietorships, partnerships and similarly taxed LLCs pay SE Tax on their share of the business net profit, whereas owners of S corps and similarly taxed LLCs do not.…
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Small Business in the News: April 21, 2021 Edition
The past year has impacted different industries in different ways. Some had to make some adjustments but otherwise operated as normal. Others underwent dramatic short-term changes, but look to get back on track in the near future. And others were upended in ways that will have long-term consequences. Our top headlines this week look at…
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