|Tuesday, October 12, 7am to 5pm|
The 25th annual virtual Biz Fair is free to attend and the goal is to help current and aspiring small business owners learn from experts on how to start or grow their business.
Gain access to valuable small business resources by visiting the Small Business Resource Center staffed by representatives from federal, state and local government agencies, and business and trade associations.
More more information, please visit the BizFair website.
Accelerate Kitsap (https://acceleratekitsap.weebly.com/) is a recently relaunched non-profit organization focused on providing education, information and guidance to budding entrepreneurs and emerging start-up and existing small businesses in Kitsap County and throughout West Sound. The organization will be updating its web site and adding new board members in the months ahead.
Are You Ready to Start Your Business?
The path to business ownership is an exciting journey. As you embark on your journey, you need a few things to successfully reach your destination. First and foremost, you need a good roadmap or GPS to successfully navigate your way.
The SCORE Startup Roadmap, sponsored by FedEx, guides your journey, from your business idea through opening your doors to customers.
Whatever startup route lies ahead of you, the Startup Roadmap provides direction along the way. It will help you chart a course to success, minimizing detours and dead ends so you can get to your goal faster. This Roadmap will take you from the initial step of defining your business idea through your ultimate destination: launching your business. In each chapter, we’ll teach you what you need to do and give you the resources and expertise you need to get it done. Continue reading
by Joe Heinrich, SCORE Seattle
Congratulations!! You’ve grown your small business so much that you need help, and so you’ve hired your first employee. Now you’re confronted with the task of paying that employee properly in accordance with IRS regulations and State of Washington statutes, along with making payments to taxing authorities and reporting to them periodically. And now you’re stomach’s churning!!
To correctly pay an employee in Washington, the employer needs to deduct the following taxes from the employee’s pay and report and remit timely these amounts to the relative taxing authorities:
- Social Security Tax and Medicare Tax (just the employee’s share)
- Federal Income Tax
- Washington Labor & Industry Premiums (just the employee’s share)
- Washington Paid Family & Medical Leave Tax (just the employee’s share)
There may be other withholdings from the employee’s pay, such as garnishments for child support, contributions to a retirement plan, donations, and the like. Continue reading
Kitsap SCORE and local Chambers of Commerce are working to develop a series of roundtable discussions for people who want to solve problems, find opportunities, and grow their businesses. Please share your answers to four simple questions and help us pick the best time to meet and choose topics for conversations.
by Joe Heinrich, Certified SCORE Mentor
Nirvana would be that a small business owner could generate a deduction from her/his business’s taxable income at no cost. Well, that situation is available for many small business owners: the business use of the home deduction. However, not all of small business owners are taking advantage of this deduction due to not knowing about it or fearing that taking the deduction will trigger an IRS audit.
First, the facts. IRS regulations allow a business owner to take a deduction for the business use of the home, provided that the space is used “exclusively and regularly” for business purposes. The space can either be a room, a part of a room, a closet, the basement or garage, or a separate building on the home’s lot. Continue reading
Kitsap SCORE is working with other organizations to create a series of business roundtables and workshops. Each meeting will focus on issues raised by the group’s members. Presentations and discussions will be aimed at helping each member solve problems and grow their businesses.
If you were a member of one of these groups, what would you want to discuss? Continue reading
Apps are everywhere. From your phone to your tablet to even your desktop computer, businesses of all types are offering easy-to-download applications to make your life easier. (helpful workshop)
If your business runs a little better with technology’s help, you might be tempted to develop an app of your own. Or you might have been approached by a company that claims that having an app for your business will be critical for increasing sales or customer engagement. Continue reading