SelfInformed

January 2016

  • Cardinal Rules For A Smooth, Lean Start-Up

    Jan 26, 2016

    As a 15 year entrepreneur, I have naturally acclimated towards fellow creative business minds. Enjoying hearing ideas of our youth and supporting educational efforts from serving as an adjunct educator at our local junior college to volunteering with junior achievement, small business has been a passion of mine. From owning and failing a small grocery business in a small town to successfully franchising a service model that truly disrupts the liquidation market, I have felt the sting of making mistakes and finding success! As an entrepreneurship author, speaking at national BPA (Business Professionals of America) and DECA (Distributive Education Clubs of America) conferences across the US, the excitement of the youth has continued to motivate me. Having a business fail drove me to write books. The first was a youth entrepreneurship book, “Cardinal Rules: Financial Resources for Young Adults”. A few years later I wrote the second book for adult use. Like myself, many adults need a second chance. Speaking in prison ministry programs, conducting my own boot camp, or assisting adult workforce development agencies were a nice fit for my work.

  • Business Expenses

    Jan 26, 2016

    Q: I am getting ready to do my taxes for last year and not sure how to treat stuff I bought for my business like my laptop, printer, and office furniture. What line on my business tax return do I include these expenses? A: The costs associated with the new equipment and furniture will certainly provide a tax deduction to the extent the items are used in the ordinary course of business. However, unlike many other expenses these items are not direct expenses to be included on a particular line of your Schedule C, Profit or Loss from Business. The items you mentioned are considered capital assets which basically mean they will typically last your business more than just one year and therefore must be capitalized. The total cost of the business assets will still generate a full deduction over time but must be allocated over the expected useful life of each asset recognizing a portion of the expense for each year for which there is a benefit.

  • Finding Self-Employment

    Jan 26, 2016

    Shamone Ransom is the owner of Ransom’s Recruiting w/Career Services, located in Conyers, Georgia. Shamone has a Master’s of Business Administration and has been a human resources and general management professional for over ten years. Ransom’s Recruiting is a third party recruitment and full time employment placement organization. In addition to the employment services, Shamone also specializes in resume writing, a skill she acquired at the end of college which led to her joining the National Résumé Writers Association.

  • President Obama Delivers Last SOTU

    Jan 26, 2016

    On Tuesday, January 12, 2016, President Obama delivered his final State of the Union address to the country. What is usually a laundry list of “to do” items for the Congress, the President realizing that his final 12 months in office will be lame duck, elected to use his speech to discuss his progress as President over the past seven years and reassure the country that things are headed in the right direction.

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