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SALES TAX, TAX BREAKS

Are Sales Tax Holidays Good For Business?

By The BIDaWIZ Team on July 29th, 2011 at 1:00 pm

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We're heading into the back to school season which means sales tax holidays are just around the corner if they haven't already started. Many states offer a sales tax holiday for back to school items during the first week of August. On the surface, these tax holidays (4 to 9% discount) sound great for both consumers and businesses. But, after careful analysis, the benefits may be somewhat temporary and not very good for the economy. .
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FINANCIAL ADVICE

What’s the Best Bank For Small Business Checking and Savings?

By Susan Ladika on July 14th, 2011 at 4:06 pm

best-business-checking-savings
With the Fed continuing to hold the line on interest rates, you’ve no doubt seen slim returns on your personal savings and checking accounts, and it’s not any better on the small business side of things. Many financial institutions pay below what you can earn with a personal checking, savings or money market account. .
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FINANCIAL ADVICE

How Should I Select a Cell Phone Plan for My Business?

By Susan Ladika on June 30th, 2011 at 3:42 pm

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While cost may be a prime consideration when choosing a cell phone plan for your small business, it's not the only thing to keep in mind. Your first step should be taking a good look at your business to determine what exactly will meet your needs. .
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TAX REPORTING

Missed the Business Filing Deadline & Didn’t File an Extension

By The BIDaWIZ Team on May 9th, 2011 at 9:45 pm

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Generally, a corporation must file its income tax return by the 15th day of the 3rd month following the end of its tax year which, if on a calendar year (Dec), is March 15th. So what happens if you didn't file a return by then and didn't file a tax extension? .
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TAX BREAKS

Small Business Tax Breaks & More On The Way

By The BIDaWIZ Team on January 28th, 2011 at 11:06 am
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The tax reform proposed by President Obama during the State of the Union Address hinted towards additional business tax credits and the possibility of a lower corporate tax rate in the upcoming years. This reform would be in addition to the 2010 tax credits and deductions already available to businesses. Read More.

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TAX REPORTING

What do Ebay Sellers need to know about the new 1099-K form?

By Susan Ladika on January 27th, 2011 at 6:08 pm
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The 1099-K is the latest addition to the family of 1099 IRS documents, joining other 1099 forms that report things like interest income, dividends and distributions and miscellaneous income. The new 1099-K was approved last year to track income from companies that do business using third-party payment processors such as credit and debit card companies and services like PayPal. Read More.

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TAX REPORTING

What Do I Need to Know About 1099s?

By Susan Ladika on January 20th, 2011 at 7:24 pm

form 1099s due
If you're an independent contractor, 1099s are likely to be hitting your mail box now. These are the tax documents sent by business owners for whom you've done $600 work or more in the past year. Business owners, you're required to meet your first 1099 deadline by having them in the mail by Jan. 31 for independent contracting work done in 2010. .
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FINANCING

Seeking a Financial Partner To Launch A Business

By The BIDaWIZ Team on January 17th, 2011 at 10:06 pm
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The first step is to explore the viability of partnering with an angel investor or an investment group such as a venture capital firm. They offer industry expertise & a strong network of contacts which will allow you to grow internally as well as having the opportunity to form strategic partnerships with larger companies. Keep in mind that it can be very difficult to obtain financing from these investors but if you succeed, it can be very helpful. Read More.

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FINANCIAL ADVICE

Should I Launch A Doggy Daycare Center?

By The BIDaWIZ Team on December 19th, 2010 at 4:03 pm
doggy-daycare-center

A doggy daycare business sounds like a fun and fast growing venture. We performed preliminary market research online to get a sense of the opportunity and will share our findings with you below. Please note that when performing market research it is critical to use multiple sources to improve the reliability of the data in your financial model. Read More.

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FINANCING

How Do I Get A Small Business Grant?

By The BIDaWIZ Team on December 16th, 2010 at 4:30 pm

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Congratulations on launching a new venture. Now to the tough part -- funding the launch and operations of the business. Small business grants can be helpful to a business but getting one is no cakewalk. .
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