:: Pirated Software a Risk
for Small Businesses
Small and medium-sized companies may be overlooking
potential business risks from using unlicensed software,
which may add up to as much as $40,000 in damages a year,
the latest study done for Microsoft by the International
Data Corporation, or IDC, suggests.
Small and medium-sized businesses are accustomed to linking
the use of pirated software with exclusively legal responsibility,
which, though relatively rare, can be quite harsh in Russia
(fines and possible imprisonment), but they often overlook
the financial losses they may incur from using such software.
:: Small Business Legal Tips
Though the legal side of your business may not
necessarily involve making money or expanding your client
or customer base, mistakes can certainly cost you money
thus threatening even a profitable business if the errors
are particularly costly. Here is the latest from around
the Web of legal tips you may want to consider to protect
your small business today and in the future.
Business Legal Tips
:: Fine Points of S Corporations
Since 1997, S corporations have been the most popular
form of corporate tax return filed with the IRS. Over 3
million U.S. companies that are defined as small businesses
elect S corporation status on IRS Form 2553 instead
of filing their income tax returns as standard C corporations.
There are many benefits to S corporation tax treatment.
Like standard C corporations, S corporations shield owners
personal assets from unpaid debts, provided they are not
personally guaranteed and other business liabilities. With
the exception of taxes on certain capital gains and passive
income, an S corporation is exempt from federal
income tax. This means that most S corporation profits and
losses are passed through to the individual
shareholders, just like a sole proprietorship.
:: New Social Media Rules
Social media is coming into its own as a tool for
networking and marketing in small business and larger brands
a like. Beginning with blogs and moving into the rapidly
expanding worlds of Facebook, Twitter, LinkedIn and more
there is a lot to learn AND a lot to be gained, so log on
avoid these social media mistakes.
:: The Best and Worst States
for Small-Business Taxes
High corporate income taxes or sales taxes can
be a huge challenge for small businesses, depending on where
they are located. So where does your state stack up?
Location, location, location: It is not only important when
it comes to where you live or where you set up shop -- it
affects the taxes you pay on business profits, the sales
taxes your customers pay and the property taxes you pay
on your facilities directly as a property owner or indirectly
how does your location compare with other states?
:: How to Submit Podcast to iTunes
Here are some helpful tips regarding how to get
your podcasts listed in the iTunes Music Store...
In order to have your podcast included in the iTunes Music
Store, you must first add the iTunes extension to
your RSS feed.
to Submit Podcast to iTunes
:: Turn Your Hobby Into a
Each year thousands of Americans take the leap
to starting a business to leverage their expertise and passion
for a particular interest or hobby.
Here are some tips for turning your hobby into a business
Get free help. Trial and error is an essential part of
the entrepreneurial experience. Tapping the experience of
seasoned business professionals can help you avoid mistakes,
and provide you perspective in times of stress.
Write a business plan. A business plan gives you and
others a clear idea of your goals, the processes you will
implement to achieve those goals and how you will measure
:: Protecting You and Your Assets
One of the main reasons any entrepreneur chooses
to incorporate his or her business is to protect or shield
the founders and corporate officers’ personal assets including
cars, homes, savings accounts, vacation homes, etc. from
potential unpaid business debts, liability issues and other
costly business dealings.
This protection, as it is typically called is a corporate
veil, and is designed to safeguard the things you have
already worked so hard to earn as your business grows and
What you need to make sure you understand is that the corporate
veil remains in effective only if the corporation remains
in good standing by meeting all of its corporate
duties as described in your incorporation documents and
:: Free Press Release Submissions
Huge list of 72
Free Press Release Submission Sites.
:: Small Businesses Should Export
If you want to find customers, I have got a number
for you to remember: 95.
That is the percentage of all the world's customers who
live outside the United States. Yes, the largest market
is outside our borders, and you need to look beyond the
border as well to get a piece of this huge market.
Fortunately, small business owners can get help to take
the financial risk out of exporting.
:: Small Business Branding
What is your brand? Branding in small business
can be the key to success. When marketing globally or locally,
branding sets you apart. But there is much more to establishing
a brand for yourself or your business than might at first
meet the eye. In a world of infinite choices, it is one
of the most important ways you can distinguish your business
or yourself as an entrepreneur. Let the following roundup
be your guide to the art and science branding for your small
:: Survey Evaluates Small Business Hiring
The Wells Fargo-Gallup Small Business Index survey
also found a split in whether those small businesses were
hiring as many employees as they needed and a variety of
reasons influencing why businesses decided not to hire workers.
Conducted in November, the poll showed that 48 percent of
small businesses that hired brought on the number of employees
they needed, with another 9 percent hiring more than was
On the flip side, 42 percent of the hiring businesses took
on fewer workers than desired. Those businesses cited worries
about cash flow and a lack of qualified candidates as among
the reasons they decided to not hire as much.
:: IRS Publishes More Info
for Small Businesses on Healthcare
The Internal Revenue Service has released final
guidance for small employers eligible to claim the new small
business health care tax credit for the 2010 tax year. Included
in the release is a one-page form and instructions small
employers will use to claim the credit for the 2010 tax
New Form 8941, Credit for Small Employer Health Insurance
Premiums, and newly revised Form 990-T are now available
on IRS.gov. The IRS also posted on its website the instructions
to Form 8941 and Notice 2010-82 , both of which are designed
to help small employers correctly figure and claim the credit.
:: Professional PowerPoint Layouts
Need to do a professional PowerPoint Presentation?
Check out these professional PowerPoint
Backgrounds and Layouts.
:: 25 Predictions for Small
Businesses This Spring
Here, 25 small business owners share their spring
predictions with BusinessNewsDaily.
:: Resolve to Grow Your Business
10 Tips For Growing Your Business
1. Manage Accounts Receivable
Be courteous, but firm with customers. Most small businesses
do not have the cash flow that allows the luxury of providing
lines of credit to their customers. Track accounts receivables
closely, and follow-up on past due accounts.
to Grow Your Business
:: Have You Considered Exporting?
Top U.S. trade officials plan to spread out across
the country this year to recruit small-business owners in
the administrations effort to double exports by 2015.
A year after President Barack Obama announced the export
initiative to help tackle stubbornly high unemployment,
the administration is trying to reach out to the group of
business owners that account for nearly two-thirds of job
creation but less than a third of total goods sold abroad.
to Urge Exporting
:: 4 Biggest Mistakes Small Businesses
Make With Social Media
Hate to disappoint, but Facebook, Twitter, blogs
and other social media tools are not magical. They are communication
tools and communication is hard work. Connecting with your
customers on a deep and emotional level can pay off big
time for all businesses, but it can also backfire.
Biggest Mistakes Small Businesses Make With Social Media
:: Forum Etiquette
The Internet has become a highly interactive medium.
In order to participate in discussion forums and newsgroups,
it is important to be familiar with standard and accepted
Internet forum etiquette. Here are some tips to help make
your forum participation more productive and beneficial...
Read the forum rules and terms-of-service before you begin
posting. This way, you can avoid having your introduction
to the forum being an accidental breaking of a rule or other