Patricia Anderson No Comments

How to Write Your Mission Statement

Mission statements are not just for large corporations. As an owner of a small business, you can benefit from going through the exercise of writing your mission statement. It can not only re-connect you with your “why,” it can also communicate an important part of your business to all of your stakeholders. What Is a Mission Statement? A mission statement answers the question “What impact will you have on the world?” It’s your core purpose, your reason for being. Here are a couple Read more [...]
Patricia Anderson No Comments

Get Ahead on Year-End Tasks

Get Ahead on Year-End Tasks Year-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and tax chores. Here are a couple of tips to make year-end go smoother. Cleaning up Things will go a lot smoother if you reach out to your vendors and employees and get their help to update your records. Send a notice to all employees, asking them to verify their address so they will get their W-2s without delay. Make sure you have the Read more [...]
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Tax Credit for Sending Your Child to Camp

You may be able to claim the child and dependent care tax credit if you pay expenses for the care of your under-age-13 child or another qualifying person to enable you (and your spouse, if filing a joint return) to work or look for work. Child and Dependent Care Tax Credit The tax credit is a percentage of the work-related expenses you paid during the year for the care of a qualifying person. Qualifying persons include dependent children under age 13. Physically or mentally incapable persons Read more [...]
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Heavy Vehicle + Deductible Home Office = Major Tax Savings

You can reap major tax deductions with the heavy vehicle and home-office combo. The heavy vehicle produces quick tax savings. The home office that qualifies as a principal office eliminates commuting miles, and such an elimination can dramatically increase your business-use percentage of vehicles. Tax Deductions For example, say you bought a $50,000 vehicle that you use 60 percent for business. Your depreciation and expensing elections apply to $30,000. But if you can increase your business Read more [...]
Patricia Anderson No Comments

Spice Up Your Marketing with Storytelling

One of the ways to impact your marketing is by adding stories. Everyone loves a story, and stories are more memorable compared to almost any marketing copy. Here are a couple of tips on how to use and place stories to share with prospects and customers. What a Story Is All stories need to be personal and evoke an emotional response. They can be about the company, the employees, the founder, the customers, or each individual product. Many stories revolve around why the company was started. Others Read more [...]