Small Business Survival During the Current Economic Crisis
Cost-cutting Ideas to Save Your Business
To survive as a business owner in this difficult economic climate, you are likely to be faced with some hard choices.
1. Cutting your workforce
It’s never an easy thing to do, but there are times when laying off employees is unavoidable. With most businesses, an economic slowdown leads to a reduced workload, and fewer resources to support the current workforce.
If you decide to go this route, visit the Department of Labor website in your state, to ensure that you comply with all state employment laws and regulations.
How To Manage Your Time Better While Working In A Home Office
Do you frequently have days of getting nothing accomplished?
Do you spend way too much time on the computer?
You’re not alone!
I am an eBay store owner, co-own 2 web sites, have a family
and household to run, and as chaotic as it all may seem at times? I DO get it
all done. I am often asked, “How do you fit it all in??
Federal 941 Payroll Tax Payment Guidelines
Many business owners don’t realize how important it is to get payroll tax payments made on time. If a late payment is made, once the IRS catches up to it, the penalties are quite stiff: 10% off the top, plus interest. Try earning that at a bank today! Resist the temptation to pay late, because it’s not a money saver, it’s a money loser. Plus, penalties are not deductible.
Quick Tip: the IRS uses the term “tax deposit” to mean “tax payment”, and uses the term “monthly depositor” or “semi-weekly depositor” to mean “monthly payer” or “semi-weekly payer”, respectively.