AdvantEdgeBLOG - Entrepreneurs category

Husband and Wife Business

Tue, 23 Feb 2010 23:38:00 GMT

One of the advantages of operating your own business is hiring family members. However, the employment tax requirements for family employees may vary from those that apply to other employees. Here are some issues to consider when operating a husband and wife business.

Starting up a New Business??

Tue, 23 Feb 2010 23:19:00 GMT

There is a special tax treatment for expenses you incur before you actually begin business operations.

When Time Really Is Money

Fri, 29 Jan 2010 20:27:00 GMT

I haven't yet met the business owner who gets excited about writing an in-depth job description. Go figure! The most frequent excuse is that they don't see the value in spending much time on it.

Do you feel lucky?

Fri, 29 Jan 2010 20:04:00 GMT

I know there are some of you business owners who think you can wait to worry about HR until you're a little bigger. My question is, "what are you waiting for?"

Please read this cautionary tale from my associate C.J. Westrick, SPHR of HR Jungle!

HELP ME!! It's Year End!

Thu, 14 Jan 2010 22:38:00 GMT

In addition to the Month End and Year End checklists in article: http://tinyurl.com/YR-END-Cklist. Read on for hyperlinks for additional sources of help.

Month End and Year End Checklists

Thu, 14 Jan 2010 18:40:00 GMT

Here are twenty Critical Areas for Review at Year End. If you ordinarily perform month-end closing activities you may have already completed the following tasks in "Part One". Otherwise, please review this list before moving on to “Part Two: Closing Your Books at Year-End.”

Payroll at Year End

Tue, 15 Dec 2009 01:56:00 GMT

If you report on the accrual basis, GAAP (Generally Accepted Accounting Principles) require you to record all your expenses in the time frame it is incurred. This means that you should be accruing payroll expenses for the remaining days worked in December AND it just might mean deferring pay received into 2010!!