OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Will the Volcker Rule Help Small Business Lending?
February 10, 2014 by OSYB Staff
Late in December the Volcker Rule was passed. Many small business owners may have missed it during the Holiday Season. This didn’t make any large news in entrepreneurial circles, but it could have an impact on small businesses. It could revert banks back into traditional lending practices. Read more here.
Was There Enough for Small Business in Obama’s State of the Union?
February 10, 2014 by OSYB Staff
During the State of the Union Address, President Obama mentioned small business three times. He offered praise to John Soranno in Minneapolis, the pizzeria owner that raised his wages to $10/hour. But he ignored our long-term financial crisis that makes it hard for small businesses to expand. Read more here.
What Life Insurance to Buy?
February 3, 2014 by OSYB Staff
Do you have life insurance? Should you have life insurance? What to buy and who should you buy a policy from? According to this article there are two reasons to buy life insurance: 1. To Protect your loved ones after you die. 2. To scam the taxman. Read more here.
16 Tax Issues Facing Small Business Owners in 2014
February 2, 2014 by OSYB Staff
New tax issues effecting small business owners in 2014. This will be a challenging tax year for businesses and higher income taxpayers. These issues are concerns that may impact you or your company’s tax liability for the New Year. You will want to investigate these issues closely now so that you can plan ahead.
Navigating IRA Contribution Limits
February 2, 2014 by OSYB Staff
Did you know that not everyone is eligible to deduct an IRA contribution? Before you make any contribution you need to find out if you are. The limitations can be confusing and you may need some guidance to figure out whether or not you will qualify. Read this article to help explain.
Top Tips For Business Growth
February 1, 2014 by OSYB Staff
Are you getting too comfortable with letting your business run without trying to keep it growing? If you allow it stagnate then all of your hard work is going to be wasted. You need to be aware of the current market and provide something that is wanted or needed. Read more here.
Avoid Selling Stocks When You Are Old, Maybe?
February 1, 2014 by OSYB Staff
How to use your stocks and bonds in your retirement years is a tough topic. Some say not to sell stocks when you are old, some say use your bonds first, and so on. Much depends on your own situation and much depends on the financial stability of the market. Read more here.
Something to do before it’s too late
January 31, 2014 by OSYB Staff
If you use mileage to calculate your business use of vehicles, it is a really good idea to record your odometer reading at the end of each year. Then at tax time it is easy to figure total miles and figure the business miles driven. Read this article for more about this.
