Small Business Boomers

I’m beginning to think we have wasted our time and money on this election whoo-ha, over the past two years.  I don’t think it will really matter for those of us in small businesses, over the next four years.  Here is why:
1.  The Economy. With the current economic situation, and the $10 TRILLION  budget deficit, what president is going to be so foolhardy as to put us further in debt with spending programs.  We need cutbacks, across the board.  As Thomas Jefferson said, we need a “government that governs least,” not one that governs more.  So what does that leave …read more

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Hiring your children is a good way to help your Baby Boomer business:

You can get some needed part-time jobs done that it would be difficult to hire someone else to do
You can save on taxes
Your child can spend the money or build up money in a college fund.

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If you have children between 7 and 18, you can hire them to do necessary and useful work in your business and you can save money on business and personal taxes.  Notice I highlighted “necessary and useful.”  The work they do has to be of benefit to your …read more

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In the debate last night, we heard both John McCain and Barak Obama talk about taxes.
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McCain says he will keep the current tax structure and not raise taxes on small businesses.
Obama says he will eliminate capital gains taxes for businesses.
But, as we all know, a promise is one thing. Keeping that promise is another. With the current financial situation and the commitments of the U.S. government to bail out everyone on Wall Street, can we reasonably expect that taxes won’t increase? Who is going to pay for all this stuff?
Consider this scenario: …read more

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I don’t usually bring in my outside blogging to Small Business Boomers, but I’m interested in what you think.  On my About.com Guide Site, U.S. Business Law and Taxes, I briefly outlined the major business tax proposals of each candidate , and I created a quick poll.
Or you can use my poll here on this site to express your opinion.  Comments also encouraged.

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