Management and OperationsIdentify New Consumer NormsThe recession has changed how customers shop, possibly forever. Entrepreneur.com
Management and Operations Resolving Employee Complaints Before They Hit the Internet The question is what to do about employee complaints about the workplace. It's more than a matter of damage control. Trying to repair the harm to internal morale, recruitment efforts, and corporate reputations after the fact is not as effective as preventing the damage in the first place. ManageSmarter.com Management and Operations [Read Full Article]
Tips from Tuesday, March 31, 2009
The Small Business tips today will show you what you need to know to avoid a tax audit.
At high risk for an audit: individuals with $100,000+ income: business owners, professionals & investors in partnerships.
You can reduce your chances of an audit by incorporating your business.
If your income is statistically lower than other people in same occupation, you may be audited for that and other inconsistencies.
Don't use round numbers; they're improbable. If your deductions amount to $1456.00 use that number and not $1500.00.
Daily Overview: Maintain your records and be as accurate as possible. Corner cutting = non-compliance and will flag you for an audit!
I am not a tax professional and have attempted to condense sometimes complicated and detailed tax tips into 140 characters per line. My interpretation may not be exact. Please contact a tax professional... [Read Full Article]
Government and Economy
IRS: Lower Collections from Audits The Internal Revenue Service has reported that collections from audits were down 4.7% to $56.4 billion this year, the first time in more than a decade that the number has fallen.
Businesses Facing Extinction
Determining which industries are on their way out may seem easy, but some businesses, like telemarketing, are surprisingly hard to kill. Then again, others that many are sad to see go just can't seem to survive.
Management and Financial Issues
The Dangers of Recession Cost-Cutt... [Read Full Article]