Tax Incentives Make 2008 a Great Year for Businesses to Purchase Equipment

The Economic Stimulus Act of 2008 created an opportunity for business owners to significantly accelerate cost recovery of qualifying equipment put into service in calendar year 2008.
Enhanced Expensing
The Act almost doubles the IRC Section 179 expense limit for 2008 to $250,000 and increases, to $800,000, the threshold for reducing the expense limit. This applies to [...]

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Couplepreneurs: Unique Aspects of Running a Business With Your Spouse

It’s a familiar scene: A couple comes home after a long day at their respective workplaces. They spend their takeout dinner recapping the day and how much they hate their jobs. In a brainstorm, they decide to start a business where they’ll be able to determine every step of their future from now on.
After all, [...]

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Home Office Warrior: Financial Planning

I have recently accepted an offer from my friend and fellow blogger, Grant Griffiths, to contribute to his new blog, Home Office Warrior, designed (as the name implies) for small business owners and telecommuters.
The section of the blog devoted to financial planning issues can be found here.
Recent posts include:
To Roth or Not to Roth?
How Should [...]

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Business Disaster Plan: Plan Ahead

The Best Time for a Business Disaster Plan?
Before the Disaster Happens
Before 9/11 and Hurricane Katrina, the concept of a business “disaster plan” was envisioned mainly in terms of weather- or fire-related disasters and heavy on the notion of evacuation.
The concept of business risk today is so much wider – legal threats from inside and outside [...]

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