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Answer: When the IRS says it isn’t. This detail can cause many headaches for small-business owners, especially those who keep track of their own accounting. When managing your company’s accounts, you should follow what are known as Generally Accepted Accounting Principles or GAAP. For many small businesses, GAAP is pretty straightforward.
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Continue ReadingMany small businesses have made the decision to relocate to a foreign country for tax or lifestyle reasons. The money transferred abroad form part of the $11.5 trillion in assets held in offshore locations. Some high-profile entrepreneurs like Facebook co-founder Eduardo Saverin…
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Continue ReadingIn the course of running a business, owners continually deal with objections. Potential customers object to the terms of an agreement, existing clients object to prices and financial partners object to requests for additional funding.
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Continue ReadingIt’s far easier to find articles and videos about small business success than it is about failure. Many times, however, there are more valuable lessons to be learned from failure than from success. Small-business owners succeed in different ways but tend to fail for the same reasons.
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Continue ReadingHomeowners who lost their homes to foreclosure in 2009 or 2010 have until December 31st to request a free, independent review to ensure that they were treated fairly and that the process was handled legally.
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Continue ReadingEarly stage businesses govern their operations more by vision than by a budget. This makes sense, because without a track record it’s difficult to develop a credible budget. But over time as the business expands, it needs structure to grow successfully.
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Continue ReadingSmall Business Saturday (SBS) was a great success last year and many retailers are counting on it to help boost sales in an otherwise difficult year. Across the country, small-business owners and SBS coordinators are preparing their promotional and social media campaigns to gain maximum exposure.
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Continue ReadingThe Bureau of Labor Statistics (BLS) will release the October employment report today. Economists generally believe that the report will show two things. First, that the unemployment rate has increased to 7.9 percent, and second, there was an increase in the number of non-farm payroll jobs of 125,000.
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Continue ReadingMost people respond to tragedies like Hurricane Sandy with a natural desire to help others through difficult times. A small segment of the population, however, responds differently; they see a ripe opportunity to commit fraud.
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I can teach you proven strategies for growing sales and for raising money from investors. I founded EcoFin Media, Trans 24/7 and Proximo International.
![Peter Jordan [CC-BY-SA-2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons](http://www.periu.com/expert/wp-content/uploads/2012/12/relocating.png)
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