Small Business

Top House Tax Lawmaker Trains Sights on Small Businesses

Tuesday, 12 March 2013 07:18
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Article sponsored by Vincent Crotty Memorial Foundation

(Reuters) - The top tax law writer in the House of Representatives will pitch a plan to revamp the taxation of many small businesses, and some large ones, on Tuesday in his latest bid to rewrite the tax code.

Dave Camp, chairman of the House Ways and Means Committee, has said he wants to pass tax reform legislation this year. But the Michigan Republican faces an uphill climb with his party and the Democrats deeply split on tax-and-spending policies.

Camp's plan, not yet released, will seek to overhaul small business taxes, but also cover businesses not organized as traditional corporations, often known as "pass-throughs."

These businesses include structures such as partnerships, in which profits are not retained by the business or distributed to corporate shareholders, but rather, are passed through to the partners, who are taxed on that income. The top income tax rate since the beginning of the year is 39.6 percent.

That is higher, by contrast, than the top corporate income tax rate of 35 percent, though many large corporations do not pay that rate thanks to tax breaks for selected industries.

Pass-throughs range from Mom-and-Pop storefronts to global hedge funds and law firms. About 53 percent of the $1.3 trillion in total business income in this category will be reported in 2013 on returns of taxpayers earning at least $200,000, according to the nonpartisan congressional Joint Committee on Taxation.

Read the entire article on Reuters.com

Article sponsored by Vincent Crotty Memorial Foundation

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5 Ways Mistakes Can Make a Business Better

Wednesday, 27 February 2013 07:29
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Article sponsored by Hudson Valley Business Directory

by Daniel Kehrer

With little cash, and even less wine industry experience, Michael Houlihan and Bonnie Harvey launched Barefoot Wine in – where else – their laundry room. They built the brand and later sold it to wine giant E&J Gallo.

Now the business owner duo share what they learned along the way with other business owners. One of their major lessons: Improving your business by admitting mistakes. Houlihan believes that customers judge you more by how you react to mistakes than how you behave when all is well. “Every business makes mistakes,” he says. “Denying that they’ve happened only makes an already awkward situation worse.”

In short, dodging responsibility hurts your reputation more than if you’d owned up in the first place.  (In this vein, my posts on avoiding the accountability blame game and how to create a winning business culture might also be of interest.)

Since they knew almost nothing about wine making or the wine business at the outset, Bonnie and Michael – who’ve written a book called “The Barefoot Spirit” (Evolve Publishing, 2013) – made their share of doozies. Some even threatened the entire business. So they quickly resolved not to fret errors, but rather make them opportunities to grow.

For example, Barefoot once put the wrong bar code on a store’s shipment of Cabernet, causing it to ring up at a lower price. Barefoot itself caught the mistake and Michael quickly showed up at the store’s corporate office with a check for the store’s loss, plus extra for the expense of dealing with the mistake. He then informed the manager in detail how Barefoot was changing its internal processes to make sure the bar code problem would not happen again.

Here are five things that must happen for mistakes to make your business better:

Continue reading this article on MyVenturePad.com

Article sponsored by Hudson Valley Business Directory

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The Smallest Businesses Face the Biggest Cyber Risks

Sunday, 24 February 2013 16:44
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By Ted Devine

While many of us long for the days when people had real-life conversations rather than truncated text chats, the reality is that the Internet is here to stay. And in the Internet Age, data is king.

As a small business owner, you collect customer data every day. And if you’re using the Internet, that data – along with all of your company’s sensitive information – is vulnerable to attacks.

Without the proper safeguards in place, your business could suffer a data breach that exposes sensitive information, disrupts your operations and opens the door to an expensive lawsuit.

Why Cyber Security Matters to Small Business

The majority of data breaches happen to small and mid-sized business. Surprised? Consider these chilling stats:

Even more troubling? The average cost of a data breach for a small to mid-sized business is a staggering $5 million.

Why Cyber Security Matters to YOUR Small Business

When a small business suffers a data breach, the fallout can be tremendous. A single breach can trigger a variety of financial damages, including:

  • Lawsuits (and the attendant legal costs) from clients whose data and security were compromised. These alone can reach into the tens of thousands of dollars and beyond.
  • Site repair costs to address security issues that allowed the breach to happen.
  • Public relations and / or advertising costs to restore the company’s image among current and potential clients.
  • Lost confidence and lost future business from current and potential clients whose confidence is shaken by the data breach.

Continue reading this article on SmallBizTrends.com

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Local Dj Receives Prestigious WeddingWire Bride’s Choice Award

Wednesday, 20 February 2013 00:00
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{Suffern,NY} – February 19, 2013 – WeddingWire, the nation's leading wedding Marketplace, is excited to announce Total DJ's Music Productions has been selected to receive the prestigious WeddingWire Bride’s Choice Awards™ 2012 for DJ Entertainment!

 

The esteemed annual awards program recognizes the top local wedding vendors from the WeddingWire Network who demonstrate excellence in quality, service, responsiveness and professionalism within the wedding industry. While many industry awards are selected by the organization, Total DJ's Music Productions was selected based on its stellar reviews from past newlywed clients.

 

Total DJ's Music Productions is recognized as part of the top five percent of wedding professionals in the WeddingWire local vendor community, comprised of over 200,000 wedding professionals throughout the United States and Canada. The Bride’s Choice Award recognizes the best local wedding vendors across 20 service categories, from wedding venues to wedding photographers, based on their overall professional achievements throughout the past year.

 

“WeddingWire is thrilled to honor the success of the top-rated wedding professionals within the WeddingWire Community,” said Timothy Chi, CEO, WeddingWire. “Since the launch of the Bride’s Choice Awards™ program four years ago, thousands of outstanding wedding professionals have been recognized by the bridal community for their supreme service and dedication to the wedding industry. It is with great pleasure that we congratulate Total DJ's Music Productions for their continued professionalism and commitment to enriching the wedding planning experience for engaged couples.”

 

We are happy to announce that Total DJ's Music Productions is one of the very best DJs within the WeddingWire Network, which includes leading wedding planning sites WeddingWire, Project Wedding, Brides.com, Martha Stewart Weddings, and Weddingbee. We would like to thank our past clients for taking the time to review our business on WeddingWire. Thanks to their positive feedback we were able to receive the WeddingWire Bride’s Choice Awards™ for 2012.

 

For more information, please visit our WeddingWire Storefront today at :

http://www.weddingwire.com/biz/total-djs-music-productions-suffern/6dcdcf16294d147b.html

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Rockland Business Women’s Network: Get Comfortable in Your Skin and Grow Your Business with Susie Hadas

Tuesday, 19 February 2013 16:01
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February 19, 2013.  Nyack, NY:  The Rockland Business Women’s Network invites you to attend its March luncheon and learn from Susie Hadas, Founder and Chief People Person of Personally Cool, Inc. on March 13, 12:30-2 pm at the Comfort Inn & Suites, Nanuet, NY.

Personally Cool Inc. is a start-up in the consumer lifestyle products space - specifically designed for women in midlife transition.  Not only is she the proud face of the company, she is also deeply involved in the operational planning that is needed to translate a winning idea into a winning product.

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Slideshow 

Crotty Field Celebration on Ice Suffern's Steve Scholer puts Suffern on the board.
West Point Section Championship NY Giants Training Facility
Timex Performance Center Boulders Scoreboard Mollica
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Crotty Field

The sign marking the Vincent Crotty Memorial Field in Suffen, NY. See details

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Celebration on Ice

Suffern High School 2012 New York State Champions celebrate their win in Utica. See details

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Suffern's Steve Scholer puts S

Air Redgate takes off. Photo Album 1 Photo Album 2 --Note: Due to issues uploading with Facebook, additional photos will be available later in the day/ What started out all wrong, ended up all See details

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West Point

Welcome to West Point.  A West Point player welcomes Brown University's goaltender to the Academy. See details

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Section Championship

Suffern captain John Redgate finds the back of the net during the section championship game against ETB at West Point. See details

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NY Giants Training Facility

A huge mural that lines one of the hallways in the 2012 Super Bowl champion New York Giants training facility also known as the Timex Performance Center. See details

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Timex Performance Center

The Timex Performance Center, home of the New York Giants. See details

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Boulders Scoreboard

The high tech scoreboard at Provident Bank Park, home of the Rockland Boulders. See details

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Mollica

The Rockland Boulder's Ryan Mollica waits to make the tag at third base. See details

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