As Hurricane Irma weakened into a tropical depression, the IRS said it is providing tax relief to people affected by the massive storm in parts of Florida, Puerto Rico, and the Virgin Islands (IR-2017-150). The relief applies to any area designated by the Federal Emergency Management Agency (“FEMA”) as qualifying. The IRS disaster relief page currently lists the islands of St. John and St. Thomas in the U.S. Virgin...

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    During my 20+ years of experience I have concluded that most business ventures fail not because it was a bad idea, but because it was a poorly implemented idea; or there were entrepreneurial mistakes that ended up driving the business into a downward spiral. If you are a startup business, what will set you apart from the rest is having a plan then having the discipline to act on it. Mistakes are part of the growing process....

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  Summer is a good time to do some pruning on your business. Now is the time to recharge some of the areas of your business that may have been neglected recently. While you have been able to get away with a few loose ends and haphazard processes, to stay competitive in the marketplace you must make some changes in the way business has been conducted. Here is the business pruning checklist that will improve your bottom-line and...

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  Tax Day is on Tuesday, April 18th this year due to a Federal Holiday. I know there are some of you out there who have not filed your tax returns yet. If you are one of them, this article is for you. Here will we explore three areas of your tax return that will yield the highest impact in the amount of your refund or the reduction of your income tax liability. The three areas Adjustments, Deductions and Credits. You will find...

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Prior to conducting any business venture, be it opening a business for the first time, launching a new product, or even increasing your prices it is essential to conduct market research to ensure you get the result you want. If you fail to carry out due diligence within your market research you may end up making a mistake that will cost, you both money and time. Market research is one of the efficient and cost effective ways a...

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