Posts Categorized: Small Business Information

Six Last-Minute Ideas for Small Business Saturday

Small Business Saturday helps promote Maine communities and the businesses that make them special. It’s a great day to highlight your business and show how much you appreciate your customers. It provides a unique opportunity for small businesses throughout Maine to increase holiday sales. Use Small Business Saturday to generate sales, foot traffic and visibility… Read more »

Maine SBDC offers FREE webinars to celebrate Small Business Week

Small Business Week is May 5-11. We are hosting *FREE* webinars on topics that are most important to you. Here’s the lineup: Starting a Business in Maine On-Demand Workshop | REGISTER Monday, May 6th – RELEASE DATE New on-demand workshop will be released on May 6th, just in time for Small Business Week. Business Advisor Josh… Read more »

Want to Exit Smoothly? Start Now

By: Raynor Large, Business Advisor Too often, a Seller lets external forces push them out. Unfortunately, selling a business isn’t like selling a home; a buyer’s due diligence looks deeper than the fresh coat of paint and some curb appeal. Instead, the Seller needs to start their planning years in advance for an ideal outcome.

Demystifying Estimated Taxes

By: Business Advisor Peter Harriman One of the hardest and least understood topics I find small businesses face, especially new start-up businesses, is the issue of Estimated Taxes. Part of the problem is that a taxpayer needs to understand their adjusted gross income for the year, in addition to deductions and credits, in order to… Read more »

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.