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Trusted Answers From Licensed Business Professionals
SMALL BUSINESS

What Are My Rights As A Minority Investor In a Business?

By The BIDaWIZ Team on April 12th, 2013 at 4:00 pm

As a minority shareholder in a company, you may reap the benefits of not having to manage the day to day activities of the business, while receiving the financial rewards. However, what happens when something goes wrong with the business or you'd would like to change management? .
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TAX PREPARATION

What Should I Do If I Can’t File My Taxes In Time?

By The BIDaWIZ Team on April 11th, 2013 at 10:30 pm

The clock is ticking for taxpayers to get their tax returns filed as the April 15th deadline is upon us. If you're scrambling last minute to try to get your tax return filed, you still have options to ensure that the return is filed correctly and on time. Also, if you're one of the unlucky ones that have yet to receive a long awaited k-1 or 1099 form from the issuer, there are options for you as well. .
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TAX BREAKS, TAX SAVINGS

Are You Missing These Business Tax Deductions On Your Tax Return?

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

There’s only a little over a week left until personal and small business tax returns are due. As you’re finalizing your tax return, you may want to consider if you’ve claimed certain business related tax deductions. You could be leaving money on the table. Read More.

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TAX PLANNING

What Exactly Are The Penalties For Withdrawing From Your Roth IRA?

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

Many taxpayers that have socked away money each year towards their individual retirement accounts (IRAs) know that there are usually penalties and tax liabilities due if you withdraw prior to reaching the age of 59 1/2. However, as it relates to roth IRAs, the 10% early withdrawal penalty doesn't always apply. .
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FINANCING

What Are Some Ways To Obtain Funding For An Innovative Business?

By The BIDaWIZ Team on April 4th, 2013 at 8:00 pm

It’s true that while crowd-funding sites have opened the door for many entrepreneurs that otherwise couldn’t obtain outside financing, it’s still not the best option for everyone. Case in point, for those entrepreneurs with a highly confidential business model. However, you shouldn’t always consider the absolute worst case scenario when sharing your ideas with others. A crowd-funding site may provide you with instant market feedback that you may not gain from an individual investor or a consortium of angel investors. So, what are your other options? Read More.

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INSURANCE

Should I Get Mortgage Life Insurance?

By The BIDaWIZ Team on March 29th, 2013 at 12:00 pm

As the housing market continues to rebound and mortgage rates remain low, many new and existing homeowners may be completing mortgage applications. Getting the mortgage at the right rate and the home for that matter should be of most concern. However, one of the items that often gets offered in the package is mortgage life insurance. What is it and should you purchase it? .
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TAX ISSUES

What Are My Chances Of Being Audited In The Future?

By The BIDaWIZ Team on March 29th, 2013 at 10:00 am

The fear of being audited by the IRS remains one of the biggest concerns of taxpayers. The other major concern of course is paying too much in taxes because of missing certain tax breaks. With regards to getting audited, recently released figures indicate which taxpayers are most likely to face an examination. Are you at risk? Read More.

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FINANCIAL ADVICE

How Should A Business Owner Set Their Salary?

By The BIDaWIZ Team on March 29th, 2013 at 1:00 am

Business owners are compensated with equity in the company, but they still need a salary to live on. Setting a salary can be tricky as you'll want to be compensated for your work, while also not taking away from the future growth of the company. How should you set your salary? .
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TAX BREAKS

Are You Deducting Start-up Expenses Properly?

By The BIDaWIZ Team on March 22nd, 2013 at 5:00 pm

One of the most common errors that entrepreneurs make when filing a tax return is accounting for startup expenses. Many mis-categorize startup expenses and don't deduct them at the right time. Is your business accounting for start-up expenses correctly? .
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HIRING

Should I Worry About Signing A Contract With A Non-Compete Clause?

By The BIDaWIZ Team on March 22nd, 2013 at 4:00 pm

Whether you're an employee of a company or a business owner finalizing a partnership deal with another company, the non-compete clause is often included in the final contract. Should you be very worried and hesitant in signing a contract with a non-complete clause in it? .
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