Barbara Weltman

11 posts
Barbara Weltman is a top selling author, attorney, tax and small business expert.  Barbara's books include "J.K. Lasser's Small Business Taxes" and "The Complete Idiot's Guide to Starting a Home-Based Business."
B2G product marketing
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Using Virtual Assistants to Reduce Payroll Costs

If business is picking up and you can’t do all the things you need to get done by yourself (or with your existing staff), consider outsourcing some work to a virtual assistant (VA). No, the assistant isn’t an avatar; he or she is a real person that works remotely from you. The VA is not...
Resources
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3 Agreements You Shouldn’t Be Without

A handshake may be a meaningful way to seal a deal, but a written contract gives you solid legal protection. With that in mind, be sure to protect yourself and your business with the proper documentation.     Here are three agreements you’ll want to have for your business:    Buy-Sell Agreement A buy-sell agreement is a...
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Using Independent Contractors? Beware!

If you use independent contractors in your business, be sure that you’ve classified them properly and not simply chosen to treat workers as independent contractors (IC) when they are actually employees.     Many business owners prefer IC classification because it saves the company considerable money. The company doesn’t have to pay employment taxes, workers’ compensation,...
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3 Ways to Optimize Tax Deductions in 2010

There is much uncertainty about taxes for this year because Congress has not completed action on a number of measures that could impact 2010 taxes, including:        Extensions for provisions that expired at the end of 2009 Estate tax rules to enable owners to do succession planning, and Health care reform With the uncertainty, what...
startup mistakes
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Your Business Car – 8 Important Tax Considerations

Many business owners use a car, truck, or van in the course of their operations—to make deliveries, pick up supplies, and visit customers and clients. Tax-wise, there are certain rules that apply to write-offs for the vehicle. Here are eight points you need to know. 1. If you buy the vehicle, write-offs are limited There...
Business Vehicle
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4 Steps for Q4 2009 Tax Planning

Now that we are in the final quarter of the year, it is a good time to commence year-end tax planning for 2009. The steps you take now will pay off in tax savings when you file your return in 2010.     Step 1: Schedule an appointment with your tax advisor.    If you have an...
HireAHelper
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5 Necessary Legal Steps for Starting a Home Business

It may seem simple to start a home business once you have a good idea about how to make money. Start-up costs can be modest because you don’t need to pay for office space; you already have a place in your home. But before you open for business, take the time to consider the following five...
Cyber Security
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What To Do With the Cash That’s Left Over

If your business is fortunate enough to be profitable after you’ve paid your expenses and taxes, you should be able to squirrel away some cash. In C corporations, the profits you set aside are called retained earnings (and you need a business reason for accumulating more than a certain amount in order to avoid a...
HireAHelper
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Tax Planning for Home Businesses

More than half of all U.S. businesses (53%) are run from home. If you are one of these home business owners, you may wait until tax time to think about filing your return and ways to save on your taxes.     However, by then it’s often too late to take steps that can dramatically and...
Business Vehicle
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Discounts and Freebies to Help Your Business

As you pinch pennies to help your business operate in tough economic times, anything that you can obtain at a discount or for free is extremely beneficial. Here are some ideas to help you get started in saving money for your business.     Discounts    Technology, equipment and other machinery can enable you to work smarter,...
Business Vehicle
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Little Strategies for Saving Big Tax Dollars

Every penny counts, especially in today’s economic environment, so this tax season be sure you are not forgoing any tax write-off opportunities. As a small business owner, you know you can deduct most expenses you incur in business. However, many small business owners may overlook some write-offs that can add up to big tax savings....