Guest Contributor's blog
Myths. They are like urban legends. We're so used to hearing them that we actually believe they are true. When it comes to common small business tax myths, this can be potentially dangerous because without knowing the facts about the IRS and their expectations, you can find yourself in a real financial bind.
So, what are some of the more prevalent tax myths that you need to know the truth about? Here are five of them.
Some of the wisest inventions that are made as it relates to business and commerce are the ones that play a direct role in making people's lives easier. Just think about it. Do people go through fast food restaurants because the food is four-star or because they don't feel like cooking and it's easier to go through a lane to get lunch or dinner in under five minutes? Do people love the clothes at Target over the more high-end shops or is it that it's an easier way to pick up a couple of tops along with some toiletries and cleaning supplies?
Open source software is a term that is pretty popular in the business world. But, just in case you're new to the concept, basically what it means is that it's a type of software that comes with a source code. Once you have the code and you are able to access the compiled version of the software, you are then able to customize it to your liking.
The cool thing about this is that it's not an infringement on the software itself; matter of fact, it's a practice that is actually encouraged by the manufacturer(s). It is their belief that over time, it will serve to be a more useful application as a direct result of the modifications that have been made.
Yes, the economy is currently less than stellar, but don't let it distract you from continuing to do all that you can to making your company thrive. The truth of the matter is that while the economy could definitely be doing better, this is still a remarkable time in America's history because we are seeing so many people step out of working to make other people's dreams come true by going out and doing what they can to actualize some of their own desires. And, when it comes to maintaining the longevity of your company, one of the best ways that this can happen is to build a strong brand.