Inside This Issue
1. Entrepreneurship & Well-Being
by Derek Rowley © 2009. All Rights reserved
If you are not familiar with it, the Gallup-Healthways Well-Being Index tracks and measures the emotional, psychological and physical health of Americans across all sectors. Their website is a fascinating current and historical snapshot of our country. From their data, many important lessons can be learned about us – individually and collectively...read more
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2. Five Essential Leadership Traits for Tough Times
by Derek Rowley © 2009. All Rights reserved.
I don’t have to tell you how turbulent the last couple of years have been. We’ve seen the impact of the economic environment on entrepreneurism in a big way over the last 18 months. On the bright side, I am seeing that businesses startups today – and those existing businesses that are surviving and flourishing in the current economic conditions – are much better companies than they were before the economic meltdown occurred ...read more
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3. Small Business Lending Has Not Bounced Back
by Derek Rowley © 2009. All Rights reserved.
Although many of the nation’s banks are reporting an increase in small business lending, there is a growing sense of apprehension about the commercial lending markets that are keeping many lenders on the sidelines - and many small businesses without capital...read more
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by Derek Rowley © 2009. All Rights reserved.
Now that we have entered the fourth quarter of 2009, it is time to start looking at tax planning issues while there is still time to make adjustments and decisions that can favorably impact your taxes this year. Taking action early enough can mean tax savings for the year and for years to come...read more
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5. New IRS Retirement Plan Navigator
WASHINGTON - The Internal Revenue Service has created a new Web-based tool to help small business owners determine which tax-favored pension plan best suits their needs and how to keep their plans in compliance...read more
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6. Special Sales Tax Deduction for Car Purchases
WASHINGTON — With 2010 models arriving in dealer showrooms, the Internal Revenue Service reminds taxpayers that purchasing a new car, light truck, motor home or motorcycle could qualify them for a special deduction for the state and local sales and excise taxes on their 2009 tax returns.
Purchases made before Jan. 1, 2010, will qualify for this deduction under the American Recovery & Reinvestment Act of 2009 (ARRA)...read more
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7. Setting up your Chart of Accounts
by Derek Rowley © 2009. All Rights reserved.
I don't think I've ever met an entrepreneur who actually likes the accounting aspect of running a business. But it can't be ignored. Even if you don't love it, you have to do it - or at least somebody in your organization has to do it for you...read more
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8. Understanding State Tax Nexus
by Derek Rowley © 2009. All Rights reserved.
Nexus is a Latin work for a common tie or connection, and it is a key term in business today in determining the tax jurisdiction that applies to state business taxes. Because of the interconnected nature of our economy today, the discussion of tax nexus has clear implications for many small businesses. They often find themselves operating in multi-state environments, but typically lack the expertise and means to limit their tax liability and audit risk...read more
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9. This Month in Lawsuit Abuse
When a man suddenly turned in front of seven-year-old Scott Swimm on the ski mountain, Scott reacted and prevented a collision. Instead, he passed over the man's skis, and both Scott and the man lost their balance. As Scott stood up and tried to apologize, the man grabbed Scott and threatened to sue him and his whole family...watch video
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