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SMALL BUSINESS

The Most Important Skills To Attain To Be A Successful Entrepreneur

By The BIDaWIZ Team on February 7th, 2013 at 6:12 pm

Discussions we've had with other entrepreneurs have all suggested that there are certain skills that are vital to be a successful entrepreneur. .
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SMALL BUSINESS

How Does a Business Owner Remain Upbeat During a Downturn?

By The BIDaWIZ Team on February 7th, 2013 at 10:00 am

We can certainly relate to this question having started our company from scratch nearly four years ago. There are a few things that we can prescribe to your situation that has helped us get through slowdowns as every business experiences it. Read More.

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TAX REPORTING

How Businesses Can Save By Helping Their Accountant

By The BIDaWIZ Team on January 31st, 2013 at 11:00 pm

Many small businesses don't address this with their accountant as we have first-hand knowledge of the consequences for not having a conversation with your accountant before, during and after the tax preparation process. .
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FINANCIAL ADVICE

Should I Start A Business If I Have No Industry Experience?

By The BIDaWIZ Team on January 25th, 2013 at 3:00 pm

The success of a business rarely has to do with the novelty of a new idea. Rather, it more has to do with whether or not management is able to execute on their strategy and goals. Luck and "the big idea" are factors, but its not nearly as important as execution. .
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TAX REPORTING

A Simpler Option For Calculating The Home Office Deduction

By The BIDaWIZ Team on January 18th, 2013 at 11:00 am

If you work from home for business, the IRS has potentially provided you with some relief in the form of less paperwork required to claim the home office deduction. You may soon be able to claim the home office deduction based on a simple calculation. .
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TAX REPORTING

Is Your Business Ready To Issue 2012 1099 Forms?

By The BIDaWIZ Team on January 10th, 2013 at 5:00 pm

The January 31st deadline to complete and send 1099 and W-2 Forms to your contractors and employees is quickly approaching. Find out what you need to know about these forms and the penalties for failing to issue them to your contractors, employees and the IRS by the deadline. Read More.

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TAX PREPARATION, TAX REPORTING

What Does the Fiscal Deal Mean For Your 2012 & 2013 Taxes?

By The BIDaWIZ Team on January 4th, 2013 at 5:00 pm

Despite significant criticism, congressional leaders came together in the end to sign into law new legislation that bodes well for the vast majority of individual taxpayers and small businesses. There was certainly some compromise in the tax bill, but many folks should be happy about the result. How will you benefit or not? Read More.

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TAX REPORTING

The Payroll Tax Cut Increases to 6.2% In 2013

By The BIDaWIZ Team on January 4th, 2013 at 4:00 pm

Congress came through at the 25th hour by extending the Mortgage Forgiveness Debt Relief Act of 2007 through 2013. This extension positively impacts those that are in a foreclosure, short sale or are considering a deed in lieu. Read More.

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SMALL BUSINESS

How Can You Teach Entrepreneurship In School?

By The BIDaWIZ Team on January 3rd, 2013 at 9:54 pm

While textbook reading, essays and exams provide the student with a basic foundation of learning, they lack the real-life experience element that is critical to entrepreneurial development.The best projects for this type of learning are ones that expose the students to the different facets of being an entrepreneur. .
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FINANCIAL ADVICE

When Should I Move Out Of My Home Office?

By The BIDaWIZ Team on January 3rd, 2013 at 11:00 am

Many new businesses will one day reach a point in which working out of a home office becomes more of a hindrance to future growth than a cost savings measure. When should I move into a dedicated office and what are the necessary steps to do so? .
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