Barbara Weltman


Legal Issues for a Home Business

Working from home sounds ideal, but there are many considerations. Inc. Expert Barbara Weltman discusses some of the key legal issues you should look out for...  Read story

Trademark, Copyright & Patent Protection

Your most valuable asset is your intellectual property. Inc. Expert Barbara Weltman offers advice on what needs protection and how to attain it.  Read story

eBay 101

Many entrepreneurs are making big money on eBay these days. Inc. Expert Barbara Weltman highlights everything you need to get started.  Read story

Small Business Recordkeeping

When it comes to taxes, many people simply toss receipts into a shoebox. But for business owners, good recordkeeping is essential. Inc. Expert Barbara Weltma...  Read story

What to Do if You're Audited

A tax audit can be one of a small business owners most terrifying experiences. Inc. Expert Barbara Weltman gives you some information that might save you str...  Read story

Travel Tax Deductions

Planning a summer trip? Here are some tips on how to effectively write off your business travels, and avoid IRS scrutiny.  Read story

Summer Tax Tips

Use the slow summer months to consider how you might best decrease your tax burden. Inc. Expert Barbara Weltman offers five tips to help you get started.  Read story

Sweet Charity

With the help of federal tax laws, Warren Buffet and Richard Branson aren't the only entrepreneurs who can afford to donate to a good cause.  Read story

The Pension Protection Act: What Business Owners Need To Know

From charitable donations to college savings plans, the new pension law goes beyond defined benefits for employees.  Read story

Tax Collecting for Online Sales

For web-based businesses, sorting out online sales taxes comes down to separating myth from reality.  Read story

Congress and Small Business: Good News, Bad News and No News

Congress served up some good news and not-so-good news for entrepreneurs this past session.  Read story

Hiring Immigrants

The question of what to do with undocumented workers recently has re-emphasized the point that employers need to fully understand their responsibilities when...  Read story

Gearing Up for 2006 Taxes

Just finished your 2005 return? Well get ready for 2006.  Read story

When Minutes Count

Recordkeeping can be a boring and troublesome chore that no one wants to do. But keeping good corporate minutes is vital to shareholders who want to maintain...  Read story

Deducting Your Home Office Expenses

Home office deductions can offer excellent tax savings for entrepreneurs. However, there are very specific rules that apply to home-based small business owners.  Read story

The Tax Man Cometh

Here are 10 tips for your business to handle taxes right.  Read story

Employment Taxes for Small Employers

Having employees is a benefit that comes with many responsibilities. While employers gain valuable assistance from their staff, they must comply with tim...  Read story

10 Steps to Year-End Tax Planning

As the eggnog starts to flow during the holiday season, far too many business owners overlook last-minute opportunities to take control of their tax pict...  Read story

Audit Risk for S Corporations

Today, S corporations are the most popular corporate form of doing business, with nearly 60% of all corporations now filing Form 1120S, U.S. Income T...  Read story

10 Steps to Year-End Tax Planning

As the eggnog starts to flow during the holiday season, far too many business owners overlook last-minute opportunities to take control of their tax pict...  Read story

Tax Tips

Attorney and business tax expert Barbara Weltman shares a tax tip a day from April 6 through April 15 on the Read story

What's New for 2004

April 15, 2004, is the due date for the first installment of estimated tax--something that sole proprietors and owners of pass-through entities should not...  Read story

New Tax Incentives for New Car Purchases

If you need a new car for business, now is a great time to buy one. New models are out, very attractive dealer-financing is available, and new tax write-o...  Read story

Who Should Own the Business Car?

Who should own your business car -- you or your corporation? The answer depends on several tax and non-tax factors. Here are some things to consider in ma...  Read story

Strategies for Your Business's Excess Inventory

If you have items that have been sitting on your shelves for some time, it's costing you money. You're paying storage and other costs and you're missing t...  Read story

Covering TE Expenses

If you cover your employees' business travel and entertainment expenses, start the new year off right by setting up an "accountable plan." This type of pl...  Read story

Keeping Business Records for Tax Purposes

There's no time like the present to start getting your paperwork in order for next year's tax season.  Read story

Smart Ways to Put Money into Your Small Corporation

Your corporation may need a cash infusion to sustain its operations. Instead of seeking new investors or a loan from a commercial lender, you may put the ...  Read story

Tax Benefits for Worthless Securities

Own any stocks in or bonds issued by dotcoms or other companies that went under? The tax law can help to provide you a bit of relief. ...  Read story

Gearing Up for 2003

It's already time to start thinking about taxes for 2003. If you plan carefully and take these steps, you can minimize your tax bill for the coming year.  Read story

3 Key Record-Keeping Steps to Start the New Year Right

Records are an essential element in claiming deductions on your taxes. Here's how to keep them in order to ensure you don't miss out on savings.  Read story

Writing Off the Cost of Business-Related Debt

To buy equipment and run your business, it's inevitable that you'll incur debt at some time or another. Generally, interest on business loans is fully ded...  Read story

Handling Commuting Costs: Employer and Employee Perspectives

Generally the cost of commuting to and from work is not deductible by an employee. However, certain payments by employers-called qualified transportation ...  Read story

Help for Small Business with Federal Taxes

The month of April may be a time when you are acutely aware of taxes. Certain recent developments may be of help to you as a small business owner. ...  Read story

Simplified Rules for Required Minimum Distributions

Proposed Treasury regulations released in mid-January [ 2001] greatly simplify computations for required minimum distributions (RMDs) from qualified retir...  Read story

What to Discuss at Year-End Board Meetings

Before the end of the fiscal year (e.g., December 31 for calendar-year corporations), boards of directors of small corporations should meet to discuss a w...  Read story

Gearing Up for 2001

It's already time to start thinking about taxes for 2001. If you plan carefully and take these steps, you can minimize your tax bill for the coming year.<...  Read story

What roles do the members of an LLC play?

Law & Taxation mentor Barbara Weltman responds to the following question from an inc.com user: What roles do the members of an ...  Read story

When Should You Commence Social Security Benefits?

Assuming you've worked a sufficient amount of time and paid into the Social Security system (through FICA withholding on your wages or taxes on your net e...  Read story

Revisit Your Method of Accounting

The accounting method used by your business governs the timing of reporting income and expenses. The two main methods are the cash method and the accrual ...  Read story

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