Government Procedure & Lawmaking

Consumer credit card reform made things worse for small businesses, and the new Congress isn't likely to help. Where do small businesses turn now?

There are many changes ahead in health insurance coverage due to health care reform legislation. Some of the changes impact your Flexible Spending Account or FSA for 2011. 
Flexible Spending Accounts allow you...

Someone asked me the other day what I believe differentiates some of my most successful students from other inventors whose inventions, however well designed and talented, just don’t seem to be making it....

The recession has long been over for the wealthiest 2 percent of the nation. So why is Congress intent on preserving their tax breaks in the name of small business?

The same problem seems to plague many of the students I mentor. They’ll have begun working with a potential licensee, only to see the process stall and sputter. The company has told them...

There are two primary ways to keep track of your business's income and expenses: the cash method (or cash basis) and the accrual method (or accrual basis). The method you use depends on...

It used to be that if you didn’t have a business card, you weren’t really in business. Today, the same is true of a web page. If you don’t have a website and...

It would be wise, then, to not stop with the Happy Meal, but to march on towards grocer shelves. Cracker Jacks- with a toy should go. Hostess Twinkies, Cupcakes and Snowballs should be...

Although the IRS doesn't expect you to keep everything forever, they do expect you to have your supporting documents if they happen to come knocking on your door. Consequently, many small businesses turn...

One of the most significant tax provisions included in the recently enacted Small Business Jobs and Credit Act was the extension of the fifty percent first-year special depreciation allowance provision, commonly referred to...

On Tuesday October 26th, the Wall Street Journal published an article I think most forty and fifty year-olds would agree with. “Ghosts aren’t nearly as frightening as these characters,” the title read. The...

If you don’t currently offer a Roth 401(k) or 403(b) plan to your employees, this legislation is one more reason you might want to consider doing so.

Simple ideas are powerful. You don’t need to reinvent the wheel to come up with a successful and lucrative idea. A quote from Seth Godin, the author of Linchpin really captures what I...

As a business owner you may be eligible for a waiver of fees incurred in a late tax filing.

Most people who file for patents don't know how their idea will be produced.

Many GOP winners are small business people against the Healthcare bill and for lower taxes, less regulation, and open trade. But a divided Congress could add up to little more than gridlock.

Several weeks ago, I asked readers to submit their product ideas to me for review. I’ve posted videos of these reviews on our YouTube channel, InventRight TV, so viewers can get a good...

Although small businesses create the most jobs for the U.S. economy, have an economy of $7 trillion dollars (the largest in the world) and employ 70 million employees, they have little influence in...

I’ve been approached by a number of inventors who want to bring their product to the market themselves and who have a lot of questions about doing so. Although my background is primarily...