Posts Categorized: Small Business Information

The IRS’s Best Kept Secret: First Time Penalty Abatement (FTA)

First Time For Everything By: Business Advisor Peter Harriman You started a business and are pretty excited. Excited that is until you get a letter from the IRS that the business failed to file their taxes, pay on time, and/or deposit taxes when due! Ooops! While understandable, the penalty letter and associated fee has just ruined… Read more »

Steps to Success: New video series from the Maine SBDC

Series focuses on key info to start or grow your small business Maine SBDC is pleased to announce a new video series that gives entrepreneurs and small business owners key information about starting, operating and growing their businesses. Five short videos feature Maine SBDC business advisors and small business clients. They provide information on starting… Read more »

Hiding in Plain Sight – The IRS Website

The IRS has taken great strides to keep the website updated. They offer an Interactive Tax Assistant for Questions, detailed PDF publications on topics, and videos for free. While it is true that the materials are written to answer general situations or questions, often this is enough for the client to feel comfortable in understanding more of the​ir own​ situation.

Business Owners Beware: Tips to avoid getting ripped off from online loan scams

When cash flow is an issue and convenient online loan applications just a few clicks away, business owners have access to hundreds of alternative financing options, both legitimate and deceptive. You need money, they say they have it. They offer fast cash and guaranteed, instant pre-approval. Bad credit? No business plan? No problem.  Just send in… Read more »