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Altogether, payroll taxes are about 10 percent of compensation paid to employees. If an employee earns $50,000, it costs you about $5,000 in payroll taxes. The good news is you can reduce your payroll tax costs with a few simple–and perfectly legal–strategies. Read More

Throughout business history, most companies have been built from funds found in many places without using “OPM” (Other People’s Money). Here are the top 10. Read More

The traditional marketing mix framework of product, price, place (distribution) and promotion has been in existence for more than 50 years. Despite the obvious importance of the second “p”—price —small business owners have a difficult time figuring out how much to charge for what they sell. Read More

The next time you’re on a sales call and hear a customer express a need to make a change, SLOW DOWN. Do not jump into your pitch. Begin exploring the customer’s needs in more detail. Read More

There may be even greater reasons for complaining about state and/or local taxes. Where your business is located can make a big difference in the amount of state and local taxes you pay. Read More

Lately, several promising measures have moved forward that indicate that small business tax reform may be at hand. Let’s take a closer look at some of these measures. Read More

If you are in the business of renting property, the IRS is going to take a very close look at your tax return beginning this year and will continue to do so for the foreseeable future. Read More

Like people, healthy businesses can become "sick" very fast. Things can change in a matter of months - more of this is likely to happen in the current weak economic recovery. So what are the early signs that your business is in trouble? Read More

No matter how profitable your corporation is, earnings are diminished by the taxes that have to be paid on the profits. Here are three perfectly legal ways to receive income on which no taxes are paid. Read More

t's easy for your personal finances to get tangled up with your business finances. But no matter what type of business you're running, it's a good idea to keep your personal finances separate from those of your business. Read More