A small business is typically defined as a business with less than 500 employees. Sadly, only 2/3 of small businesses survive after two years, only 1/2 of small businesses survive after five years, and only 1/3 of small businesses survive ten years. The Challenges of Running a Small Business As we all know, running a…
All professionals will stumble upon the struggle of balancing costs with deductibility. When is the proper time to spend money on your company or product? Will the money spent be beneficial with the return? Branding your company, service, or product is key for obtaining a successful business platform. Sometimes, this process can be costly, but…
Did you know that the government may be able to seize your property – even if you’re not accused of a crime? It’s true. Federal and state statutes allow authorities to take your property through a process called civil forfeiture. Test your knowledge here: [forminator_quiz id=”53484″] — To listen to the podcast episode, you can…
We all know that under the Constitution, the government cannot deny anyone life, liberty, or property without due process of law. However, that hasn’t stopped federal and state authorities from seizing property even when a crime has not been committed. Many taxpayers don’t understand the laws and guidelines that apply to civil forfeiture. In this week’s…
I know many of you have heard the controversy about Wayfair and Amazon paying taxes. This week’s episode dives into the recent Supreme Court ruling that online businesses must pay taxes and the effect on smaller, primarily online businesses. About Brad Scott and Wayfair Advocacy Brad Scott joins Kelly as a guest to give an…
Join Kelly this week for a podcast focused on something we all dread: stress. Tax season and deadlines mean that stress is a concern for many taxpayers and professionals. There are so many changes in the tax world this year due to COVID-19 – with more to follow. We need to recognize if these factors are causing stress in our lives,…
Join us in kicking off our new podcast hosted by Kelly Phillips Erb. During this episode, Kelly invites a guest host, Jeff Grant, to discuss his experience with applying for a small business loan – and what followed. Taking On Small Business Loans Jeff Grant is someone who has followed through with a business loan…