Here's a roundup of tax law changes and how they'll affect your business this year.
If you've been paying attention to the comings and goings in Washington, D.C. in recent years, you know that tax law changes have been a major—and often heated—topic of discussion. While federal lawmakers have yet to reach a so-called "grand bargain" that would involve substantive tax and entitlement reform, there still are a number of key tax law changes that will impact businesses in 2014. In fact, many of these changes are significant. The Internal Revenue Service estimates the total time required to comply with the new tax laws to be in excess of 1.1 million hours.
Swipe fees are relatively small charges that banks impose on every credit and debit card transaction. Considering how many credit and debit card purchases there are, swipe fees add up quickly for retailers, consumers and credit card companies. According to a 2013 study prepared for the Merchants Payments Coalition, “Americans made an estimated 25.4 billion credit card purchases in 2012 with a total value of $2.4 trillion.
No matter what size, everyone needs a business plan. Check out these tips on how to build—or revise—yours.
One of the most overlooked management tools for small business owners is the business plan. Not only is it useful in helping business owners obtain needed capital, but it enables the owner to do some valuable "big picture" thinking regardless of whether additional outside capital is needed.
StyleBell.com president and ecommerce impresario Sapna Parikh dishes about the online retail marketplace and its ever-changing landscape.
Sapna Parikh, president of StyleBell.com, based in Princeton, New Jersey, is a self-professed tech junkie with a passion for numbers. So, it's no wonder that her ecommerce retail operation has grown at a rapid pace since its 2007 inception. But the brand's growth has also been a result of Parikh's integrity, which impacts everything from her direct dealings with manufacturers to her focus on customer service. Her staff of 10 even includes a stylist to help create the professional touch she prides herself on.