Skip to content
Trusted Answers From Licensed Business Professionals
FINANCIAL ADVICE

Should You Consider Franchising Your Business?

By The BIDaWIZ Team on December 21st, 2012 at 2:00 pm

Many small businesses with a proven model still lack the necessary resources to expand their brand, products and services. Furthermore, finding an independent investor and/or bank to fuel future growth can be very difficult in today's economy. Franchising is another option that small business owners shouldn't overlook. .
-or-
Share |
No Comments
FINANCIAL ADVICE

What Should I Major In If I Want Become An Entrepreneur?

By The BIDaWIZ Team on December 20th, 2012 at 5:00 pm

It’s difficult to determine which major is best for future entrepreneurs. Believe it or not, some entrepreneurs never even attend or finish college and instead put their resources into creating a business. While we generally disagree with that approach, there are entrepreneurs who made the right choice in taking that path, though it’s very rare. Still there are certain things to keep in mind while considering your college major. Read More.

Share |
No Comments
FINANCIAL ADVICE

What Should Businesses Do To Protect Themselves During a Recession

By The BIDaWIZ Team on December 12th, 2012 at 6:00 pm

Many U.S. businesses are still climbing out of the 2008 recession and there's still the possibility that we could fall right back into one within the next couple of years. There's significant uncertainty ahead of us as global economic growth remains subdued and the U.S. has yet to resolve key tax and financial matters related to the fiscal cliff. No matter what happens in the next couple of years, all entrepreneurs need to be prepared. .
-or-
Share |
No Comments
TAX BREAKS

Biggest Year End Tax Saving Moves For Small Businesses

By The BIDaWIZ Team on November 30th, 2012 at 6:00 pm

The drama continues on Capitol Hill as lawmakers are at a stalemate on whether or not to move forward with the expiring Bush-era tax cuts. It may come down to the wire, but many small businesses can’t wait that long. It’s best for small businesses to plan for what we know is going to happen or is scheduled to in 2013. Read More.

Share |
No Comments
PERSONAL FINANCE, SMALL BUSINESS

When are the best deals available for the holiday shopping season?

By Susan Ladika on November 30th, 2012 at 1:00 pm

Black Friday and Cyber Monday get all the hype, and shoppers turned out this year in droves. Black Friday shoppers spent more than $59.1 billion versus $52 billion in 2011 or up 13.6%, according to the National Retail Federation. Cyber Monday also had a monster increase with sales at $1.5 billion versus 1.25 billion in 2011 or up 20% (final numbers not release yet). But that's just the beginning – not the end - of the holiday shopping season. .
-or-
Share |
No Comments
SMALL BUSINESS

How Can I Prepare To Become a Successful Entrepreneur?

By The BIDaWIZ Team on November 29th, 2012 at 6:15 pm

Despite a difficult economic backdrop, many professionals are still pursuing a journey of entrepreneurship. Yet, many aren't necessarily preparing themselves for what it takes to be successful. How can a soon to be entrepreneur better prepare themselves? .
-or-
Share |
No Comments
TAX BREAKS

Can Self Employed Business Owners Deduct Medicare Premiums?

By The BIDaWIZ Team on November 21st, 2012 at 5:00 pm

Accounting for self-employed medicare premiums can get tricky as tax policy has changed over the years. Understanding the new tax laws can save medicare recipients on current and prior year tax returns. .
-or-
Share |
No Comments
MARKETING

How Can I Generate Customer Leads With A Limited Marketing Budget?

By The BIDaWIZ Team on November 16th, 2012 at 11:30 am

Getting new customer leads is a common problem that many new and existing businesses face. They may have a great product or service, but not the right marketing plan and process in place. There are many different ways to generate leads. The most notable ways include word of mouth referrals, advertising, forming alliances, networking, public relations, social media to some extent and then good old direct sales (i.e. cold calling). The method that’s most appropriate for your business will depend on the size of your company, your industry, budget and specific goals. However, let's focus on the two factors that are most important to small businesses in choosing a starting point: time and cost. Which method will take the least amount of time and also cost the least in the short-term? .
-or-
Share |
No Comments
TAX REPORTING

Severance Pay Might Not Be Subject To Social Security & Medicare Taxes

By The BIDaWIZ Team on November 9th, 2012 at 4:00 pm

Two federal appeals courts have reached different conclusions as to whether or not severance pay is subject to payroll taxes. As you might be aware, payroll taxes are paid by both employees and employers and are currently 13.3% for all wages earned up to $110,100. We believe there's a strong case to be made for why severance pay should not be subject to social security and medicare taxes. .
-or-
Share |
No Comments
TAX BREAKS

What An Obama Victory Means For Small Businesses

By The BIDaWIZ Team on November 8th, 2012 at 8:00 pm

This is what we would call a “status quo” re-election in that many of the tax and health care events that were scheduled to go into effect likely will with Obama’s recent victory. Of course, there will be some compromise with a split Congress, but small businesses can expect many of the tax and health care changes to go into effect in 2013. What does this specifically mean for small business tax and health care planning? Read More.

Share |
No Comments