Perfectly Legitimate Business Expenses You Can’t Deduct | Small Business Trends

February 11, 2020February 10, 2020 ~ knjohn ~ Leave a comment

You may incur certain costs for your company that make good business sense. Unfortunately, the tax law doesn’t view them all as write-offs.

Check out this list of business expenses that remain non-deductible (in whole or in part) these expenses on your 2019 tax return.

NOTE: This article has been specially updated for the 2019/2020 tax season.

Non-Deductible Business Expenses

Additional Medicare taxes. You pay 0.9% additional Medicare tax on net earnings from self-employment or employee wages (if your income is high enough.) You also pay the 3.8% net investment income tax on income from investments. That includes income from a business in which you don’t participate on a day-to-day basis. Again you pay these if your income is high enough. They remain personal taxes that are nondeductible.

How to Conduct a Successful Video Interview | business.com

February 10, 2020February 9, 2020 ~ knjohn ~ Leave a comment

With enough preparation, you can hold interviews online that are not only pleasant for both parties but also make the process easier and more manageable.

The people who make up your team determine how your business runs and performs. Factors like productivity, work ethic and teamwork are all essential to create a strong team that brings successful results. That’s why the interview process is such a crucial part of your business’s success.

Tips For A Successful Office Relocation | The Startup Magazine

February 7, 2020February 6, 2020 ~ knjohn ~ Leave a comment

Relocating to a new office can be full of excitement, but it can also be very stressful. There are a lot of tasks that you need to take care of and plan. If you have never relocated an office before, this can seem overwhelming. In order to make the moving process a little easier, there are tips you can use to ensure your office relocation is successful.

1. Plan The Relocation Early

The first step to any successful office relocation is to have a plan. It is recommended that you start planning as soon as you know you will be moving. This allows you to set up a schedule and gives you enough time to organize everything.

This California Farm Town Is Launching Startups Faster Than Seattle, Boston, and the Bay Area | Inc.com

February 6, 2020February 5, 2020 ~ knjohn ~ Leave a comment

Once a recurring punch line in Johnny Carson’s monologues, the agriculture-and-oil town of Bakersfield, California–home to the country’s most prolific carrot farm–is not the most obvious example of a West Coast startup hub.

But the Central Valley city, population 400,000, has vaulted onto this year’s Surge Cities list by outperforming 46 other metro areas–including the Bay Area, Boston, and Seattle–in net job and business creation in the past year.

“Incredible things are happening here,” says Irma Olguin Jr., co-founder and CEO of Bitwise Industries, a Fresno-based tech academy and software startup that’s helped create about 1,000 jobs in the area. It’s opening a Bakersfield location in 2020. “We’re seeing validation from VCs and investment banks, and there is a momentum around local revitalization.”

8 Best Industries for Starting a Business in 2020 | Inc.com

February 6, 2020February 5, 2020 ~ knjohn ~ Leave a comment

When you’re considering starting your own business, one of the first questions to ask yourself is: Does my company fulfill an actual market need? Success as an entrepreneur requires bringing solutions to market, and too many startups today are really just solutions in search of a problem.

For aspiring entrepreneurs, Inc.’s 2020 Best Industries report, a list of the best industries for starting a business, serves as a roadmap for finding the most promising opportunities. Every year, we speak with industry experts and crunch the latest data to identify areas of the economy that are primed for new entrants. Read on to see which sectors are welcoming tomorrow’s fastest-growing startups.

Bags on Sale for Every Kind of Entrepreneur | Entrepreneur

February 4, 2020February 3, 2020 ~ knjohn ~ Leave a comment

You never know where your life as a busy entrepreneur will take you or when it will take you there. There’s only so much you can schedule and predict so it’s best to be prepared whenever you can. One way to do that? Have a bag ready to go.

Incase makes bags designed for people on the move, who don’t have time to deal with clunky, unorganized briefcases. Right now, they’re offering sales on some of their top sellers. Check them out:

Is Cash or Accrual Accounting Better for Your SMB? | Business News Daily

January 31, 2020January 30, 2020 ~ knjohn ~ Leave a comment

Cash accounting is used by most individuals for their personal accounting.

The accrual method recognizes credits and debits, regardless of whether or not a monetary transaction has been made.

If you switch from cash to accrual accounting, you will need to receive permission from the IRS.

Cash and accrual accounting are financial reporting methods that share a similar function of recording sales and purchases. However, when it comes to how they operate, their processes differ in when and how you record transactions in your accounting software.

This Is Why Tracking Worker Productivity Instead Of Hours May Be Causing Burnout In Your Team | Forbes

January 30, 2020January 29, 2020 ~ knjohn ~ Leave a comment

My very first job was in a cheese factory, moving large wheels of cheese around a stone-cold warehouse. I clocked in, did my hours, and clocked out when my shift was over.

Today, the rise of the knowledge economy has transformed work for millions of people who are now employed for their intellectual capital, be it their ability to close a deal, turn a complainant into a happy customer, or to write a report.

15 Ways to Effectively Communicate Company Goals With Your Employees | AllBusiness.com

January 30, 2020January 29, 2020 ~ knjohn ~ Leave a comment

As a leader, it’s important to understand the goals and vision of your company. It’s arguably even more important to convey that information to your employees, who play a huge role in turning those goals and visions into reality. Strong lines of communication ensure everyone is on the same page, leading to greater growth for your business. To help you do this, we asked Young Entrepreneur Council members the following question:

Q. What is your preferred method for communicating company goals and vision with your employees?

How To Use Comprehension Strategies To Improve Learning | Life Hack

January 29, 2020 ~ knjohn ~ Leave a comment

From a young age, we learned the essential skills of reading. This is a skill that we often don’t think much of, especially around the subject of comprehension strategies for adults.

You’d think it’s rather weird at first. Adults all across the world are fully capable of reading anything. We’ve been doing that for decades.

But there is a massive difference between reading comprehension amongst children and adults you see. It’s something that hasn’t been explored much in science. You can tell by the number of studies out there discussing kid’s reading abilities rather than adults.