Hopefully, you’ve already gotten your information to your tax accountant. On the off-chance you haven’t, or if you’re planning on addressing your taxes yourself, here are a few of the less-common deductions you might wish to keep in mind. Please note that these are just general summaries, and you would be well-served to consult with …
Author Archives: Kathleen Zoll
Royalties and Taxes
A dear friend of one of our employees just signed a contract with a literary agent. One of her first questions was, “So, assuming I get published, how do I handle taxes on royalties?” That’s an interesting question, and one that depends greatly on the actual scenario. Royalties come from a variety of sources: another …
The Perks of a Small Accounting Firm
It’s no secret that we are growing and hiring. Yet the employment field is a tough one right now, with the level of competition for seasoned employees. Everyone says they want to work for a large firm. Yet small accounting firms have hidden advantages which make us highly desirable to job hunters and recruiters alike. …
Work Smarter, Not Harder: Improving Employee Productivity
The CEO of Wayfair and Co-founder Niraj Shah recently came under fire for a year-end message to the company’s employees: “Working long hours, being responsive, blending work and life, is not anything to shy away from,” and stated that he believes his employees should work longer hours. However, longer hours do not equate to greater …
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Which Business Structure is Right for You?
A lot of people want to work for themselves. That’s one of the conclusions of the September 2023 report The Global Entrepreneurship Monitor, an annual study by Babson College. They found that 19% of adults—nearly one in five—have founded a business in the past three and a half years, or in the process of founding …
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Inspiration for the Team: 2023 Power Your Potential Conference
On November 3, The Chamber of Commerce for Greater Montgomery County hosted its 8th Annual Power Your Potential women’s conference at Normandy Farm in Blue Bell, PA. Ludwig Business Consultants was proud to represent itself with Marcia Ludlow, Crystal McGettigan, and Kathleen Zoll in attendance. The morning started with a generous breakfast and an opening …
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LBC Team Meeting: Our Strengths, Our Commitment, Our… Spaghetti Structures?
“Your job is as a team to build a tower as high as possible in a half hour, using four marshmallows, twenty pieces of dry spaghetti, a yard of string, and some tape.” That is an actual quote from our off-site staff meeting on Friday, November 10th, 2023 at the lovely Normandy Farms in Blue …
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“How Long Should I Keep My Tax Returns?”
“So how long should I keep my tax returns, anyway?” According to our president, Phyllis, this is one of the most common questions she’s asked. I’m guilty of asking her myself. It’s a valid question. I’ve heard everything from two years to ten years, with the most common response being seven. But what’s the actual …
Best Tips for Working with Your Accountant
Working with an accountant requires a level of trust and honesty that some find difficult. A survey of 2000 Americans published in Business Insider magazine revealed that when it comes to talking money, people would sooner discuss current events, health, pop culture, relationships, and politics. To simplify that task a little, we’ve compiled a basic …
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10 Ideas for Growing Your Small Business
Before starting as the business operations manager at Ludwig Business Consultants, I owned a custom framing shop for over fifteen years. As a small business owner in an even smaller neighborhood, I was required to get creative when it came to building business. After all, it’s next to impossible to compete with the big box …