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Tax Breaks for Small Businesses

A recent article on Forbes addresses the apparent ways in which large companies are able to avoid taxes. Large companies seek “tax inversions” where they are able to have foreign mergers to avoid U.S. corporate taxes.  In addition, the IRS has been targeting non-profit organizations instead of large companies for tax issues, especially if those organizations have a particular political leaning. “It doesn’t seem…

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Building Credibility for Your Small Business in Arizona

When owning a small business in Arizona, there are many factors to consider, including what product to sell, who you are selling to, what location will attract the most customers, and many more.  But one of the most important things you can do to ensure the success of a small business is maintaining credibility with your clientele. Credibility is Everything…

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What is OSHA?

The Occupational Safety and Health Administration (OSHA) was established in 1970 under the Occupational Safety and Health Act. The administration is intended to create specific guidelines in order to maintain safety throughout the workplace. OSHA protects employees from being exposed to dangerous chemicals and hazardous work environments. Additionally, OSHA provides training and education to employees in order to enforce general…

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Thinking About Selling Your Small Business?

Selling a business can be an exciting and extremely stressful time for a small business owner.  Most people are unprepared or lack the knowledge to help make a seamless transition from business owner to retiree, but with the number of small businesses that were sold in 2013 jumping up by 41.7 percent in the third quarter alone, it is important to arm…

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Are Small Business Owners in Arizona Required to Offer Leave Benefits?

The answer to that question is no.  Federal Law does not require you to offer traditional leave benefits, which include paid holiday/sick time, personal leave, jury duty, or bereavement/funeral leave, to your employees.  Although some states, such as California, Washington, and the District of Columbia have adopted laws that do provide for these circumstances, Arizona does not require such things…

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The 5 C’s of Small Business Lending

Starting a small business can be a daunting a task.  Most small business owners need a small business loan to get started.  Traditionally most owners went to banks, but it’s reported that 59 percent of small business owners look at the bank, but only 27 percent end up finding financing there.  Some sources say the percentage of owners who receive…

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Starting a Home-Based Business in Arizona

If you’ve thought about starting a business from your home in Arizona, there are critical steps you must first take before you begin your venture. Zoning Rules The number one issue people seem to have when starting a home-based business in Arizona is ensuring that they are complying with local zoning rules.  If the business is small, quiet, and doesn’t…

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13 Types of Insurance Policies Small Businesses Should Have

Are you starting a business in Arizona? It’s important to have insurance for a variety of reasons, but mostly, it’s to ensure that you don’t lose all of the money you’ve invested into your company.  Here is a list of 13 different insurances a small business owner should have for their company: Worker’s Compensation.  This insurance is used for wage…

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Retirement Plans for Arizona Small Businesses

There are a wide variety of retirement plans to choose from and many are designed for small businesses.  Three popular options include 401(k) plans, Simplified Employee Pension (SEP) IRAs, and Savings Incentive Match Plans for Employees (SIMPLE) IRAs. A 401(k) is the most well-known retirement plan out there.  It has the most elasticity and high contribution limits.  It allows a…

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Marketing Made Simple for Small Business Owners

Nowadays, it is so important for business owners to have a marketing plan that will stimulate customer faithfulness.  As soon as you familiarize with your customers’ needs, focus on your marketing efforts.  The following are tips on how to get the most out of your marketing money: Have an accessible website.  Make sure customers can effortlessly locate your website by…

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