Florida consumer confidence drops across-the-board in June

Floridians have turned more pessimistic, especially about where the national economy is headed this year. Overall, consumer sentiment statewide fell 1.9 points in June to 98.3 from a revised figure of 100.2 in May, according to the monthly index released Tuesday by the University of Florida. For the first time in nearly two years, all five components that make up … Read More

5 Types of Toxic Employees (and how to manage them)

There’s that one person – the “bad apple” who has nothing positive to say, riles up other staff and can make work life miserable. Do you fire her/him? What feedback do you give? How do you mitigate the damage he/she inflicts? Getvoip.com put together this great infographic

4 Reasons Being a “Control Freak” is Holding You Back

I hear it all the time, “Well, of course, you HAVE to be a control freak to stay in control, right?…” Generally, This thinking appeals to business owners who; 1. Don’t know how to find high quality, high performing staff and have unconscious trust issues (I can’t trust anyone to do the job properly). 2. Have a big ego – … Read More

How to Prevent Fraud in a Small Business

Small businesses are the most vulnerable to occupational fraud and abuse, according to the Association for Certified Fraud Examiners (ACFE). In its 2002 Report to the Nation on Occupational Fraud and Abuse, ACFE cites that the smallest organizations, 100 employees or less, suffered higher median losses than did the largest organizations (10,000 employees or more). While the largest companies suffered losses of … Read More

7 Keys to Becoming an Effective Leader

Follow these leadership tips to turn your business into one that consistently outperforms the competition. For many businesspeople, the last thing you want to worry about (or do) is managing people. You want to get out there and meet customers and create awesome products and bring exciting new opportunities through your front door. But unless you’ve hired people to take on … Read More

Are You a Small Business Owner With Back Taxes?

The stress of owing the IRS money can be crippling. The IRS can place a lien on your property or even levy your bank account. For whatever reason, you’ve gotten into a tough situation but how do get out? Here are a few options the IRS offers to help. 1. Offer in Compromise (OIC): With an OIC, you offer the … Read More

Tax Cut and Jobs Act – Guidance needed as Sec. 199A appears “poorly defined”

House Ways and Means Committee ranking member Richard Neal, D-Mass., has asked the Treasury and the IRS for guidance on the tax code’s new passthrough deduction. In a May 1 letter, Neal asked Treasury Secretary Steven Mnuchin and Acting IRS Commissioner David Kautter, for clarifying guidance on Code Sec. 199A. Passthrough Deduction The new Code Sec. 199A, enacted under the Tax Cuts … Read More

Is Outsourcing a Good Idea?

Would you like to focus on your core business, concentrate on the client base, and be more productive? Of course, you would! Almost every business owner would love that. Accounting tends to take a lot of your time from actively growing your business but it’s a necessary function. So, why not outsource your Accounting and focus on your core competencies? Let’s look at … Read More

Experience Breeds Success

The age you’re most likely to start a successful company isn’t what you might think. Bill Gates is an anomaly.John Lamparski/Getty Images Many people think of young examples — like Mark Zuckerberg and Bill Gates — when they think of successful startup founders. New research shows that these cases are more the anomaly than the status quo — the average … Read More

Beware of “Magic Bullets”

I heard a commercial on the radio the other day. A very confident voice saying, “I was able to grow my business by using (some accounting software), in fact, I can run my business from a dashboard on my phone!” Like some sort of “Magic Bullet… I understand the marketing aspect of this statement. The reality is, you can have the … Read More