Satellites vital to search and rescue operationsThe same NOAA weather and climate satellites that accurately tracked Hurricane Sandy’s path in October also played a key role in rescuing 263 people in 111 emergencies in the United States and surrounding waters in 2012.Since NOAA’s seven operational satellites circle the globe or sit above the United States, they also carry instruments to detect distress signals from emergency beacons carried by downed pilots, shipwrecked boaters and stranded hikers.In addition to their role in weather prediction, these polar-orbiting and geostationary satellRead More
Editors note: This post is jointly authored by Treasury Deputy Secretary Neal S. Wolin and SBA Administrator Karen G. Mills. It was originally posted on Treasury's blog.
Today, many taxpayers who qualify for the home office tax deduction are not claiming it. The reasons often cited are that businesses and filers do not fully understand the provisions or find it too complicated to calculate the amount.
That is about to change.
A new, 3-D state-of-the-art sonar map released January 11 by NOAA’s Office of National Marine Sanctuaries, ExploreOcean, Teledyne Blueview, and Northwest Hydro shows never-before-seen details of the USS Hatteras, the only Union warship sunk in combat in the Gulf of Mexico during the Civil War.One hundred and fifty years ago this month, approximately 20 miles off the coast of Galveston, Texas, the Hatteras, an iron-hulled steamship the U.S. Navy converted into a gunboat, was sunk during a battle with the famous Confederate commerce raider CSS Alabama.Read More
It’s that time of year again—W-2, W-3 and 1099 reporting season.
The Affordable Care Act has changed things a little this year in terms of the information you must provide your employees on their W2s. Read on for an update and a refresher of other reporting obligations and how to file the right forms.
Reporting Employee Wages and Taxes – What’s New on Form W-2
The 2012-2013 flu season arrived earlier than usual. As the nation braces for increased flu activity, now is the time to prepare yourself, your business, and your employees. Not only is prevention important for physical health, it may impact your bottom line if your staff are out sick. Here are some tips to help you avoid illness and maintain business continuity.
Did you know that a DUNS number is the most widely used number for identifying companies in the United States?
Did you also know that suppliers and creditors alike pull a Dun and Bradstreet (D&B) credit check on your business when you apply for credit?
Part of establishing a creditworthy company includes establishing positive credit ratings with major business credit reporting agencies such as D&B. If you are serious about establishing credit for your business, then the first thing to do is get listed in D&B’s database and set up your company’s credit file.
Are you doing enough to safeguard and protect your small business data?
Small businesses are widely adopting data back-up practices to ensure data is retrievable should a disaster occur, but gaps remain. According to a July 2012 study by accounting software company Sage, the bulk of small businesses are backing up key data such as financial information, but most businesses back up that data on-site only. Furthermore, the study found that only 38 percent of surveyed small businesses have a formal emergency or disaster preparedness plan.
Funny, isn’t it, how the grass tends to look greener from the other side. It’s the same in business as well as in personal affairs.
If I look around, I can spot five companies in five minutes that “seem” to be doing better than mine. They appear to have accomplished more, in less time, and seem to be doing better than my company.
The fact is, that may or may not be true. Often things just LOOK greener.
But there is one good thing that tends to come out of “grass-is-greener” musing: it inspires me to set goals to improve my business.
According to the latest statistics from NOAA’s National Climatic Data Center, the average temperature for the contiguous United States for 2012 was 55.3° Fahrenheit, which was 3.2° Fahrenheit above the twentieth-century average and 1.0° Fahrenheit above the previous record from 1998. The year consisted of the fourth-warmest winter, a record-warm spring, the second-warmest summer, and a warmer-than-average autumn.The map shows where the 2012 temperatures were different from the 1981–2010 average.Read More
Did you start a business last year? No? Are you planning to start one this year? Did you know you can choose the tax year you intend to operate under? Choose well, because there are pros and cons for either method.
A tax year is an accounting period for which you must report your taxable income and business expenses, and the law requires you to operate according to a consistent tax year. The most common is the most obvious: the calendar year. However, businesses can also report based on a fiscal tax year and a short tax year.