Posts Categorized: Small Business Information

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 »

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 »

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 »

You have an idea and want to start a business.  Starting a business is challenging – there are many things to think about, decide upon and do.  At the Maine SBDC one of the most frequent requests we get is for assistance with starting a business. Our goal is to make sure you are on… Read more »

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.

What is a marketing plan and why do you need one? Marketing plans help you plan to grow your business and achieve your goals. Template included.

Have you narrowed down your section of a business entity to two choices – LLC or S-Corp? This article will help those confused on the differences.

Below are three things to consider that will help make your next wholesale trade show a success!

Business plans are meant to prepare you to move forward and should be constantly in use — and evolving. Your initial plan is not going to be static. It will continually change and evolve as you learn more about your customers.