2018 Standard Mileage Rates Announced

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable or medical purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (or a van, pickup or
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February 2018 Business Due Dates

February 12 – Non-Payroll Taxes File Form 945 to report income tax withheld for 2017 on all non-payroll items. This due date applies only if you deposited the tax for the year in full and on time. February 12 – Social Security, Medicare and Withheld Income Tax File Form 941 for the fourth quarter of
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Caution: Someone Is Watching You Online

How to discourage information tracking It can certainly feel like “Big Brother” is watching us with the way our online activities are being tracked. Typically, the information is being gathered for legitimate marketing means, but that will not necessarily make you feel any better. What’s more, tracking increases your exposure to potential identity theft. You
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Five Ideas for a 2018 Business Plan

Practical suggestions for the year It is 2018 … do you know where your business plan for this year is? Developing a business plan for the upcoming year is a laborious task, but it is often critical to the continued success of the operation. Although the details will vary from company to company, the best
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Five Year-end Moves for Small Businesses

Top ideas for your business operation As with individuals, year-end tax planning for businesses remains somewhat uncertain. However, the Protecting Americans from Tax Hikes (PATH) Act of 2015 preserved certain tax benefits that can be incorporated into a logical year-end plan. Here are five ideas for small-business owners to consider: 1. Speed up equipment deductions. Under
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Minding Your Business Manners

Steps to improve workplace etiquette All too often these days, workers exhibit rude, inappropriate or self-absorbed behavior. Sadly, in many places of business across the country—including boardrooms, offices and plant floors—appropriate business etiquette is not being observed. What’s more, bad behavior might lead to confrontation and even violence that can threaten someone’s well-being and the
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Five Steps to Prepare for a Business Sale

How to improve your position If you are a successful business owner, you should prepare for the day when you hand over the reins—perhaps to a younger family member—or sell the business outright. In the event you are predisposed to sell, you could be leaving some money on the table if you do not put
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Promote Better Health in the Workplace

Wellness programs may offer benefits Take notice of these statistics: According to the Centers for Disease Control and Prevention (CDC), more than one-third (36.5%) of U.S. adults are considered obese. In 2008, the estimated annual medical cost of obesity in the United States was $147 billion U.S. dollars, while the medical costs for obese people
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How to Safeguard Your Computer Network

Steps for improving security measures Would you ask a salesperson to hold onto your wallet or pocketbook while you go shopping in their store? Of course not. Yet, in effect, some small-business owners are doing virtually the same thing with their computer networks when they conduct business online. It is almost like giving hackers a
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Seven Midyear Strategies in Vogue

Popular ideas for individuals and businesses While the climate for tax reform remains uncertain, individual taxpayers and small-business owners are advised to act based on the current laws of the land, unless there is a definite change. Keeping that in mind, here are seven ideas to consider as we head into summer. 1. Harvest capital gains
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