Resources - Chapter 14

Chapter 14 - Financial Management

Money Money Money

• Sohnen-Moe Associates, Inc - Sample financial worksheets
• Rich Dad, Poor Dad - Book: Rich Dad, Poor Dad by Robert T. Kiyosaki
• The 9 Steps to Financial Freedom - Book: The 9 Steps to Financial Freedom by Suze Orman

Personal Budget

• About.com: Budgeting - Links to many budgeting web sites
• Business Owner's Tool Kit - Article: Personal Budgeting
• Personal Finance Budgeting - Free budgeting worksheets
• AOL: Money and Finance - Article: Personal Budgeting: Establishing a Budget

Financial Recordkeeping

• Internal Revenue Service - Tax information
• Small Time Operator - Book: Small Time Operator by Bernard B. Kamoroff
• Minding Her Own Business Book: Minding Her Own Business: The Self-Employed Woman's Essential Guide to Taxes and Financial Records by Jan Zobel
• Sohnen-Moe Associates, Inc - Comprehensive Record Retention Schedule

Break-Even Analysis

• Bplans.com - Break even calculator (Must have a Flash Player plugin)
• Small Business Administration - Information on how to plan, start and manage your business
• Business Town - Article: Accounting - Projections Break-Even Analysis
• Weatherhead School of Management - A glossary of terms used by businesses when talking about the concepts involved in break-even analysis
• Business Owner's Toolkit - Article: Breakeven Analysis

Credit Card Merchant Accounts

• PayPal - Merchant Credit Card Services. Enables any individual or business with an email address to securely, easily and quickly send and receive payments online
• Charge America - Merchant Credit Card Services. Convenient, low-cost alternative to traditional merchant account services
• Cell Charge - Merchant Credit Card Services. CellCharge provides small businesses an easy to use method of accepting credit cards. The nationwide system lets you use a cell phone or touch tone phone to authorize approvals from customers credit card account
• Merchant Seek - Merchant Credit Card Services. Online database of providers who issue merchant accounts
• Cardservice International, Inc - Merchant Credit Card Services. Provides flexible and secure products and services that enable merchants across the nation to accept nearly all types of electronic payments

Gratuities

• Internal Revenue Service - irs TAX TIP 2007-32 information on tip taxes

Business Deductions

• Tax Deductions - Book: 422 Tax Deductions For Businesses and Self-Employed Individuals by Bernard Kamaroff, CPA
• Internal Revenue Service - Form for declaring expenses for business use of your home [PDF]
• SmartMoney: Small Business - Article: Home Office Deductions by Bill Bischoff
• Internal Revenue Service - Article: Topic 511 - Business Travel Expenses
• Internal Revenue Service - Article: Deducting Travel, Entertainment and Gift Expenses
• Internal Revenue Service - Article: irs Announces 2007 Standard Mileage Rates

Financial Statements

• AllBusiness - Article: Making Sense of Financial Statements
• Book: Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports by Thomas R. Ittelson
• e-Business Plan - e-Business Plan: Financial Statements Tutorial

Finding an Accountant or Financial Planner

• Get Rich Slowly - Article: How to Find an Accountant. A warning about the dangers of finding an accountant online
• Financial Planning Association - Connects those who need, support and deliver financial planning
• National Association of Personal Financial Advisors - Organization of Fee-Only comprehensive financial planning professionals
• Accountants World - Nationwide directory of accountants

Taxes

• Internal Revenue Service - irs Publication 1542: Information on federal per diem rates
• Internal Revenue Service - irs Publication 531: Reporting Tip Income This publication is for employees who receive tips

Tax Forms

• Internal Revenue Service - Forms page, click on the form you want
• Federation of Tax Administrators - State tax forms
• LSU Libraries - State tax form links
• Tax and Accounting Sites Directory - Links to tax and accounting sites by state

Business Tax Credits

• ADA Tax Incentives Packet - Tax Incentives Packet on the Americans with Disabilities Act
• Internal Revenue Service - Article: Know the Rules Regarding Tax Incentives for Improving Accessibility for the Disabled

Personal Tax Credits

• Internal Revenue Service - Information on irs qualified tax credits
• Internal Revenue Service - irs Publication 970: Tax Benefits for Education to determine if you qualify for Education Tax Credits
• Internal Revenue Service - irs Form 8863 Education Credits [PDF]
• Sales Tax Institute - State sales tax table

Tax Resources for Canadian Wellness Practitioners

• About.com: Small Business: Canada - Information about the GST and HST and how the gst and HST apply to Canadian small businesses
• About.com: Small Business: Canada - Article: PST - RST by Susan Ward. Explains pst, rst, QST, SST, etc.—all are part of HST
• Canada Revenue Agency - Includes an overview of obligations and entitlements under the laws, and useful links on income tax reporting and payment, Goods and Services Tax/Harmonized Sales Tax (gst/hst), how to obtain a business number and electronic services (i.e., filing returns, making remittances, registering a business)
• About.Com: Small Business: Canada - One-Stop Tax Index for Small Business in Canada. Useful articles about what expenses are eligible for small business tax deductions, how to maximize your deductions and a list of frequently asked questions
• Canada Business Services for Entrepreneurs - Includes articles about starting a business, income taxes, regulations, research and statistics. The online tool, "Business Start-Up Assistant," provides links to information about starting a business in Canada, and is organized by topic, province and territory

Barter

• itex: International Trade Exchange - A nationwide community of small businesses trading for what their businesses need and their families want... without spending cash
• ims: International Monetary Systems, Ltd - Acquires, owns, manages, and operates trade exchanges and other related businesses
• nate: National Association of Trade Exchanges - Resources, tools, training and education to further the fiscal and ethical practices of their barter organizations by setting guidelines and standards for the barter industry
• irta: International Reciprocal Trade Association - Promotes just and equitable standards of reciprocal trade

Inventory Control

• Businesslink - Article: Stock control and inventory

Selling a Practice

• Business Book Press - Book: 2007 Business Reference Guide
• Business Book Press - Resource Center for buying, selling or valuing a business
• John Wiley & Sons, Inc - Book: Buying and Selling a Business: A Step-by-Step Guide by Robert F. Klueger
• Nolo Press - Book: The Complete Guide to Selling a Business by Fred S. Steingold

Retirement Planning

• CNN Money - Retirement Planning Calculator
• Minding Her Own Business Book: Minding Her Own Business: The Self-Employed Woman's Essential Guide to Taxes and Financial Records by Jan Zobel
• The Motley Fool - Article: All About IRAs by Dave Braze
• Sohnen-Moe Associates, Inc - Retirement Plans