Don't put off the basics when starting your biz

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FROM CBS News MoneyWatch:

When speaking with or advising people starting new companies, or already running small ones, I've found that they often avoid, delay, or otherwise neglect to put some simple but critical business needs in place. Generally it's because they (like any responsible entrepreneur) want to save money, or because they think they "don't need these things yet." But there are structural and operational fundamentals that are best dealt with before you think you need them. Some of them involve a little out-of-pocket, but it's money better spent early in the game.

15 Reasons to start blogging!

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From here:

Also:
Blogging, competition and commitment

Someone recently asked me if I thought it was a good idea, for them to start writing a business blog. Whilst you may imagine my answer would automatically be a resounding ‘yes’, it wasn’t! I explained that in my experience, blogging is only a worthwhile commercial investment if you invest in it appropriately.

Plus other blogging tips by Jim Connolly.

Capital Improvements and Sales Tax

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TB-ST-104, Capital Improvements
This bulletin explains what type of work is a capital improvement to real property. It also includes information on:
-purchases by contractors and property owners; -billing; and -the appropriate use of exemption certificates.

TB-ST-555, Materialmen and the Pay-When-Paid Option
Materialmen who make qualified sales to contractors may be able to postpone payment of the sales tax until they receive payment from the contractor. This bulletin explains:
-which sales qualify under the pay-when-paid option, and -how materialmen should report these transactions on their sales tax returns.

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DATA Act protection: Effects of a federal breach notification law

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The federal Data Accountability and Trust Act, should it become law, would mandate new breach notification requirements. What does this mean for enterprises? This article will look at the new reporting requirements and examine when and how your organization will have to report a breach to the FTC and what new steps you’ll have to institute to comply.

DATA has passed in the House of Representatives and is awaiting Senate approval. Designed to protect personally identifiable information (PII) from misuse, the DATA Act would be similar to many existing state identity data breach notification laws requiring organizations that are entrusted with PII to report breaches promptly once they are discovered.

The business benefit of the proposed federal breach notification law is that it would
supersede the 48 existing state and territory laws that vary in their definitions of personal information, specify different notification methods and differ in their requirements for preventive and detective controls.

Even Crowdfunding Cannot Escape From Uncle Sam

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From here:

When it comes to crowdfunding, most people forget that there are tax implications. Did you really think Uncle Sam would give you a pass? Everyone who raises money through crowdfunding will be taxed as it is considered revenue. There is one exception to the rule, however, and that is either you are a registered non-profit 501(c)(3), or you have secured an authorized fiscal sponsor to chaperon your fundraising campaign. So when you do plan your crowdfunding campaign, check to see if you would be eligible for a tax-exemption.

Basically, there are three taxable ways money raised in crowdfunding can be categorized: Sales Tax, Income Tax, or Gifts.