Just like the vendors that come and go with the Balloon Fiesta, many businesses experience months of both high and low sales volume depending on the time of year. This concept is referred to as the “seasonality of sales,” and planning for it accurately is a critical component of successful business ownership.
One of the most difficult and complicated facets of owning a business is addressing employee issues. Aside from the entire Human Resources function, payroll reporting can be complex and costly. Before ever writing that first employee’s payroll check, business owners should confirm and identify that the person working for them is considered an “employee” under federal statutory guidelines.
In Part 3 of our 4-part series, REDW covers an additional 2 of the 10 items to be aware of when registering a business in New Mexico: Schedule C mismatch audits and Cash basis vs. Accrual basis reporting.
In Part 2 of our 4-part series, REDW covers an additional 3 of the 10 items to be aware of when registering a business in New Mexico: Available credits, nexus, and apportionment.
REDW will cover 3 of the 10 items to be aware of when registering a business in New Mexico: types of income not subject to NM gross receipts tax, gross receipts tax deductions, and the difference between an exemption and a deduction for CRS reporting purposes.
One of the most important tools an entrepreneur can develop for a business is a budget. Budgets allow a business owner to not only plan for expenses, but to analyze expenditures and make changes according to the needs of the enterprise.
Micro-entrepreneurship is on the rise in the US, especially with the help of technology-focused companies that are creating platforms that enable the micro-entrepreneur to sell products and services directly to consumers.
WESST has been serving and guiding entrepreneurs for over a quarter century — taking their client’s ideas / dreams from embryonic concept to flourishing enterprises. WESST comprises one of the most intense and thorough teams of subject matter experts in New Mexico.
In a world where someone’s opinion about your business is just a click away, it is increasingly important for entrepreneurs to control what appears about their business online. Developing a good online presence is a challenging task for many small business owners, and it requires a great deal of attention, effort and patience to maintain
When thinking about the local economy, success is often attributed to the largest players — frequently, these are the resident industry leaders who provide a variety of services and act as job creators en masse. Equally important, however, are the contributions made by local small businesses.