#small-business
Financial management strategies and tools for small business owners
When two responsible small firms can perform at a fair price, the contract is set aside; certified firms can win direct awards up to $5.5M.
A shadow payroll reports host-country work to foreign tax authorities while home pay continues — U.S. employers remit abroad, then credit it at home.
Contracts over $750,000 ($1.5M for construction) require a small business subcontracting plan, eSRS reporting, and good-faith effort or liquidated damages.
Georgia's 30% film credit is transferable, so brokers buy it near 90 cents on the dollar — refundable credits in states like New Mexico pay cash instead.
A state amnesty wipes penalties — sometimes interest — if you pay back taxes inside the window; Indiana and Illinois show how narrow the terms run.
Retailers deduct 1–5% per violation for late shipments, bad labels, and missing ASNs — dispute fast with PO, ASN log, and proof of delivery.
COGS is the direct cost of what you sold — materials, labor, freight. Revenue minus COGS is gross profit, the verdict on whether your pricing works.
Reconcile every account, assemble the CPA tax package, and lock the year before January — with IRS 1099 deadlines and the W-9s filed first.
IRS rules: the AOTC pays up to $2,500 per undergrad and is 40% refundable; the LLC pays up to $2,000 per return for grad school and skills courses.
A BOP bundles liability, property, and business interruption for ~$83/month — but never covers workers’ comp, commercial auto, or professional liability.
Your CAM bill is your pro rata share of common-area costs — check the GLA denominator, enforce exclusions and caps, and object before the deadline.
Section 1061 grants carried interest long-term rates only when assets are held over 3 years; otherwise the manager's profit share is taxed as ordinary income.
