Humble Roots Entrepreneur

 Here are seven ways that small businesses can save money on taxes before the end of the year. If you own a small business, taxes are almost certainly one of your top expenses. Although it's critical to be proactive and employ sound tax-planning methods throughout the year, you may still take steps now to save money for your company before the year closes in 2021. Here are eight of them. 1. Purchase capital goods You can buy machines, automobiles, computers, software, furniture, and other types of capital equipment and deduct up to $1,050,000 this year instead of depreciating them over time, thanks to accelerated depreciation regulations. And keep in mind that you don't have to pay for this right immediately. Even if you're financing the purchase, the regulations enable you to deduct the cost as long as the item is in use by the end of the year. 2. Contribute to charitable causes You can take a $300 deduction ($600 for those filing jointly) on your tax return this year, in ...

           Small Businesses and Holiday Optimism  Independent businesses are cautiously optimistic that their holiday seasons will be bright, despite problems this year ranging from supply chain hitches to shortages of trendy seasonal items, after nearly two years of the pandemic. This year, many businesses ordered decorations, toys, stocking stuffers, and other things well in advance, relying on smaller vendors to fill in any gaps in their inventory. They've used social media to reach out to customers. They're also betting that supply chain troubles at larger businesses this year will result in a surge of last-minute shopping in their stores. Pandemic & Inflation Concerns about omicron and growing instances haven't had a noticeable impact on holiday shopping so far. According to Sensormatic Solutions, retail traffic was up nearly 20% year over year for the week ending Dec. 18, but down 23% from the same week in the pre-pandemic year of 2019. Howev...

A Business Mind Requires Rewiring Running a business in the twenty-first century is extremely difficult. Incredible technology advancements have created new markets and opportunities. These same technical discoveries are available to everyone, including your competitors, which means you must constantly innovate and learn new skills to stay ahead of the competition. And, with everything else on a business owner's plate, staying innovative and learning might be difficult. It doesn't have to be that way, though. Most people are unaware that you can train your brain to think, create, remember, understand, and make better decisions. To increase alertness, attention, and energy, many ambitious people take dietary supplements, energy drinks, and even prescription drugs. And, provided you've checked with your doctor, you're okay to go. If you merely use these goods to improve your mental output, it's like boosting your computer's processing capacity without also updatin...

What is Project Management as a Service? PMaaS (Project Management as a Service) is a novel approach to mobilizing agile projects, programs, and change management services. The approach is one in which the partner oversees all aspects of service delivery, including recruitment, onboarding, and training, in order to create cost savings and organizational capability while simultaneously enhancing project and program execution performance.  Using PMaaS Can Reduce Costs The firm doesn't need to keep track of headcount, and the managed service provider is an expert in the service they're providing. When you need capability and capacity, you get it. PMaaS works great for short-term, high-impact projects, and as well as longer, more technical projects such as CRM implementation. Often, organizations have a problem or project that needs a solution but do not have the continued need to employ a full-time employee or team, to address a part-time issue.  The provider of a managed service...