Are Small Businesses Being Targeted?

Are you as a Small Business Owner safe from having to pay more to the IRS if you are audited? Check out this post.

Top 5 Reasons Company Minutes are Important for Small Business Owners

1. Find More Deductions! – When you follow our memory-jogging questionnaire, you may just find some more deductions you didn’t think about. Be sure to share these with your CPA for maximum savings!
2. Save Your Sanity By Keeping Current! - It is so much harder to catchup than to keep up! When you use our simple online system each month, you actually save yourself time and energy, no need to search back through old documents and bank statements to find what needs to be documented. It will all be fresh in your mind! That’s why we created this system: to Save Small Business Owners Time and Money, while still getting the paperwork done right!
3. To Protect Your Business and Personal Assets in Case of Lawsuit! – the first things and opposing attorney will ask for is business records. If you don’t have any, or you don’t have the correct documents done, forget about saving your personal assets too from scrutiny and the prosecutor. It’s too late!
4. Save Your Deductions from an IRS Audit! – One of the great things about documenting all business decisions and expenses is that you have PROOF. Proof not only that your expenses were really expenses, but that your business is actually running as a business and not just a hobby.
5. Save YOU Time! – This may be similar to #2 , but saving time is so important to a small business owner (it is to me!) that it bears mentioning in its own spot. All you have to do each month is take a few minutes to do your reporting, that’s all you have to do.. and we do the rest! You don’t have to worry about when to hold your Annual Meeting (we do that for you), you don’t have to worry about which form, out of the 600+ to choose or how to correctly word your business actions… We do that for you, too!

To find out more about Minutes for your company Click Here.

Comment below and tell us how important minutes have been to your company? Have they saved your personal or business assets? Have you found more deductions?

News Flash

Just A Minute, LLC is featured in the Arizona Republic!

Linda, co-owner of JAM was asked to read and review, Conquer the Chaos, a book about overcoming the struggles of developing a business from the ground up, written by the founders of Infusionsoft.

Infusionsoft is an email marketing 2.0 and CRM Company created for entrepreneurs.       We’ve been using the program for over a year and love it!

Just A Minute, LLC takes part in “extra-curriculars” provided by their company (mastermind calls, success courses, and conferences).

We were so pleased when we were asked to be a part of their AZ Republic interview.  Check out Linda’s wise words here!

Let us know what you think about the book.  Leave your comments below.

Did You Know You Are An Expert?

Guest post by Barbara Rozgonyi, publisher of Wired PR Works

People have questions. You have answers. That makes you, to them, an expert. What do you want to be known for? Here’s some help on figuring out how to be the “know it all” go-to resource in your area of expertise.

Today it doesn’t take a website or a blog to connect with a community online, but it does take some strategic planning and effort. Before you begin answering questions on a site, take some time to think about who you want to be known by and for what do you want to be known.

1. Who Do You Want to Reach?
Answering questions on a site like LinkedIn puts you in front of millions –if they’re searching for your topic. But, maybe smaller is better, especially if having local connections will help you meet your business goals. If you don’t need international influence, then look for smaller centers of influence in forums and LinkedIn groups. Keep in mind that you’ll need a broad reach on a wide platform if writing a book is one of your goals.

2. Professional Industry or Client-Centered Comments?
Joining in with a professional industry group will keep you up-to-date and allow you to get feedback. Because you are all providing the same professional service, joining a group where your customers are will bring you more business. Look for groups where you can easily rank as one of the five top experts or better yet, own the category. Watch out for forums where you’ll be saying the same thing as dozens of other people. Even in these situations, adding a personal touch such as a reference to website of the person who asked the question or a story from your experience will set you apart.

3. How Should You Keep Track of Your Answers?
Compose your answers in Word and save a copy to use in your newsletter, blog or file. Drop in the URL or topic so you can go back and track the follow-up conversation. Be on the lookout for partnerships and connect with people you’d like to know better.

4. How Much Time Should You Spend?
Budget a specific amount of time and don’t go over. It’s easy to get carried away with comments. Resist the urge to become an annoying know-it-all. Even though you may know the answer to every question, give others a turn. Start out by setting aside an hour at the beginning or end of the day to answer comments. Scanning questions takes less time. On some days, you may not have any questions to answer at all.

5. Question Resources: Places to Find Questions to Answer
HARO – Help A Reporter Out
AllExperts
LinkedIn Answers
LinkedIn Groups
Twitter
Yahoo Groups

So, what are you an expert at?

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Barbara Rozgonyi is the founder of CoryWest Media, LLC, a virtual public relations and marketing consultancy that gets new media to work for you. As publisher of wiredPRworks.com, Barbara reports on ways to use marketing, social media and public relations to grow business, build brands, raise visibility and connect communities. To stay updated on how to use social media and PR, visit http://savvysocialmedia.com. Originally posted at http://wiredprworks.com.

Daily Affirmations

We all know we should do our daily affirmations.

This is my favorite example of how it should be done.
At Just A Minute, LLC we do this every morning.

Is Your Annual Meeting Next Month?

Many of you are scheduled to have your annual meeting in May. This is a great opportunity to plan a trip and use it for a tax deduction. (see previous video post.)

Your Annual Meeting is the most important meeting of the year for your company.

But most importantly, it protects you.

The results could be disastrous.

If you are sued your corporate veil could be pierced (even if you have an LLC!). In other words, you could lose the asset protection of your business entity and your personal assets could be in jeopardy.

When should your annual meeting take place?

Look in your company operating agreement or by-laws. It will tell you when your annual meeting should be held.

Just A Minute, LLC takes all the worry from you.

Win an iPad

What? That link is not clickable?

Gmail has a glich! Some of their links are not clickable.
Thanks to Frank Bauer and his post of Feb. 10, we know why.

Click here to see why some of your gmail links may not be clickable.

Thanks, Frank for the info.

Be sure to comment on his blog (and this one too) if you appreciate the information.

Free up Your Time: Create Systems in Your Business

This business tip is from Patricia Drain . I learned this bit of wisdom from her years ago, and it’s true!

Here’s what Patricia says:

CREATING SYSTEMS IN YOUR BUSINESS WILL FREE UP YOUR TIME

Once you learn how creating systems in your business will make your business flow more easily, then you will have the key to success. Create just ONE system in your business today.

I started systemizing everything — from how the phone was answered, to how meetings would unfold, to how invoices looked when they were mailed out.

Guess what that did for my business?

I didn’t have to “show up” to help the business grow.

I created more value in my business.

In fact, when I sold that business, the buyer said “What made me buy your business over the 20 others I looked at, were the ‘systems’ you created.”

Just A Minute LLC Can Help Protect Your Business

The IRS recently hired 3,000 new field agents. Their purpose? To audit small businesses.

You see, they think they can find deductions that businesses reported on their tax return and disallow them….and then collect the money — plus penalty and interest.

What does that mean for you as a small business owner? It means you should be sure your company paperwork is current. That means your minutes and resolutions should be in your company minute book.

So, if you decide to purchase any equipment that costs over $500, you should create a company resolution that you are going to purchase that piece of equipment, sign it and put it in your company minute book.

If you decide to take out a loan, it should also be documented. There are hundreds of other minutes and resolutions that should be documented so you can protect your company.

How are you supposed to know everything you should document? How do you word the document so it is legal? What form should you use?

That’s how Just A Minute, LLC can help. They prepare your minutes and resolutions for you. Simply go online and answer a few questions that will jog your memory about what to include in your minutes.

They do the rest. They select the proper form and use the correct legal language. Then they prepare the monthly resolutions for you. They also prepare your annual minutes.

All you need to do is sign them and put them in your company minute book.

Simple.

You don’t have to worry about those 3,000 new IRS agents. And your business will be safe and protected.

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You can contact Just A Minute, LLC at 1-888-552-6552 or at http://www.JustAMinuteLLC.com