Small Business Management

The Small Business Management category of the Mirex Marketing blog has education for business owners to help them with business administration and management of their business.

5 Key Considerations for First-Time Business Owners

If you are looking to start a business for the first time or already have one, then you should use the right approach to ensure you avoid common pitfalls and instead create more profits. To do this, you need to consider a few key areas. These five considerations should be at the top of the list to ensure you are as successful as possible in the early stages of your business. Legal Matters For Startups A legal entity will not only [...]

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Why Security Matters When It Comes to Your Startup

In today’s day and age, the internet and connected networks have given rise to increased security risks for many businesses. If you don’t use the right strategies to protect your startup, you could risk losing more than just your peace of mind. Here’s why security matters more than ever for your startup. Insurance With any kind of startup, you should think about investing in some type of business insurance. It’s something you hope you never have to use. However, when you [...]

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open-for-business

What You Need to Know About Starting Your Own Business After a Career Setback

What You Need to Know About Starting Your Own Business After a Career Setback It’s not easy to find the silver lining in a career setback. Whether you’ve been fired, laid off, or passed over for a promotion, the sting is severe and it may seem like you’ve hit a dead end. This couldn’t be further from the truth. Going backwards on one path gives you reason to change course. Starting your own business may be the way to begin [...]

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accounting resources

Accounting Month Conclusion and More Resources to Learn Small Business Accounting, Bookkeeping and Tax Savings

Since 9/15, this blog (which primarily focuses on marketing but has a lot of other info related to business) has had near-daily posts on small business accounting, bookkeeping and tax savings for Accounting Month. These posts are intended to help business owners, business managers, small businesses and start-ups improve their accounting procedures and maximize their tax reductions. Non-marketing business advice is sometimes included on this blog because we care about seeing your business succeed and we want to provide [...]

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small business financial information

Sources of Finanical Information on Small Businesses

A previous post on this blog for Accounting Month described the relationship between the business financials and the business plan. For business owners, business managers and future business owners who are starting a business, or for anyone who needs to make financial projections, it helps to do research when you actually know where to look for the information. If you don’t know where to look for the information, then it is super difficult to complete a business plan or [...]

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How to Avoid an IRS Tax Audit

The following is advice that I’ve received from accounting professionals on how to avoid an IRS tax audit. Keep in mind that I (the author of this article) am not an accountant myself or any type of IRS official. It’s still good advice, but for better advice, consult the right professionals. There is a rumor based on statistics that the IRS selects the people/businesses that they audit from those who file their taxes on time. Its a random, lottery-type selection [...]

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nolo tax savvy for small business by Frederick Daily and Jeffery Quinn

How to Deduct Vehicle Expenses for Small Business Owners

Vehicle expenses are one of the largest expenses for businesses who own vehicles and one of the biggest deductions you can claim on your taxes as a small business owner. This article will give you all the actionable information you need, summarized from the book, Tax Savvy for Small Business by Frederick and Quinn. Follow these steps to deduct vehicle expenses from your small business taxes. Step 1: Keep a mileage log to record vehicle use. You’ll need this data [...]

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nolo tax savvy for small business by Frederick Daily and Jeffery Quinn

29 Tax Deductions for Businesses (the most common)

“There is nothing sinister in arranging one’s affairs as to keep taxes as low as possible . . . for nobody owes any public duty to pay more than the law demands.” – Judge Learned Hand. The tax deductions that come with owning a business are one of the biggest motivations for owning a business. Taxes are calculated based on the business’ income after expenses (recall the income statement). It’s also a progressive tax, meaning the more you make, the [...]

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How to Do Bookkeeping for Small Business

A previous post on this blog suggested that business owners do the bookkeeping themselves instead of hiring a bookkeeper. Or if you decide to hire a bookkeeper, the post suggested to make their service supplemental to your own instead of replacing you as the bookkeeper. While a good piece of business advice is to work on your business and not in your business, bookkeeping is one of the few activities where business owners can save time and money by [...]

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