This week’s top stories include small business advice covering the following four topics:
- How Guest Authorship Makes You a Better Entrepreneur
- Business Meals and Entertainment Expenses: What’s deductible?
- 87 Top eCommerce SEO Tips
- From Employee to Entrepreneur: Becoming Your Own Boss in 2021
Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.
How Guest Authorship Makes You a Better Entrepreneur
By: Timothy Carter
The premise behind guest authorship is simple. You write an article for an external publisher, get it published, follow up by sharing on social media and engaging with commenters, and then benefit from the increased visibility. It’s a great time to get started as a guest contributor since most online publications are hungry for new voices.
Many people use guest authorship as a platform to build their reputation, network with other people, or increase visibility for their businesses. But did you know that guest authorship can also make you a better entrepreneur all around? Here’s how.
Related Post: The Value of a Blog Even If No One Reads It
Business Meals and Entertainment Expenses: What’s deductible?
By: Crystal Griffin
The 2017 Tax Cuts and Jobs Act introduced some significant changes to the way businesses could handle deductions for business meals and entertainment expenses. Although the TCJA guidelines for these expenses haven’t undergone much revision, the IRS has provided further clarification for activities classified as expenditures related to entertainment, amusement, or recreational activities. The term entertainment does not include food or beverages unless the food or beverages are provided at or during an entertainment activity and the costs are not separately stated from the entertainment costs.
UPDATE: The COVID-19 Relief Bill, signed by the President on December 27, 2020, made changes to deductions for business meals in tax years 2021 and 2022. Businesses will be permitted to fully deduct business meals that would normally be 50% deductible. Although this change will not affect your 2020 tax return, the savings will offer a 100% deduction in 2021 and 2022 for food and beverages provided by a restaurant. The objective of the temporary deduction is to stimulate the restaurant industry. In the list of examples below, we’ve indicated those deductions which will change between 2020 and 2021.
Related Post: Business Income Tax – What You Need To Know
87 Top eCommerce SEO Tips
By: Garry Grant
Outside of Internet Marketing for your e-commerce store, the main way to bring in more traffic is through organic search engine rankings. You can achieve higher rankings with the tips we’ve listed below. Print them out and you can use this as your checklist.
Related Post: SEO Primer
From Employee to Entrepreneur: Becoming Your Own Boss in 2021
By: Adam Witty
Plenty of people dream of launching their own business, but then they undermine themselves, coming up with reasons to put off their dream just a little longer. And then they put it off again. And again. Maybe they don’t feel like they have the capital to pull it off. Maybe they simply can’t summon the nerve to take the risk. But, with the arrival of 2021, perhaps now is the time to ask yourself this question: “Am I ready (finally!) to go from employee to entrepreneur?”
It’s an easy question to ask. It’s a much more challenging one to answer.
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