 | Open For Business Newsletter |  | | April 12, 2011 FindLaw.com Open For Business Newsletter |
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NEWS: WHAT IS TAX DEDUCTIBLE FOR SMALL BUSINESS?
(FindLaw's Free Enterprise) - There is no definite answer for those of you who wish to know just what is tax deductible for a small business. According to the painfully dry tax code, a business may deduct all expenses that are ordinary, necessary and reasonable. Just what does that mean? Think about expenses that are helpful, appropriate and common in your line of work. Oh, and they can't make you laugh.
| NEW WAVE OF ENTREPRENEURS: FINDLAW'S GOT YOUR BACK
(FindLaw's Free Enterprise) - With startups at a 15-year high and growing monthly, it's clear that unemployed Americans are responding to the struggling economy by creating jobs of their own. At over 4 million monthly visitors, FindLaw.com is the number one legal information website, giving it a unique view of just what this new wave of entrepreneurs and established small business owners are looking for. Dedicated to its small business community, FindLaw is taking this data into consideration and doing a little growing of its own.
| WOMEN-OWNED BUSINESSES HAVE RISEN 50%
(FindLaw's Free Enterprise) - The American Express Co. OPEN State of Women-Owned Businesses Report is out, and there is some very good news for female entrepreneurs. The survey, which utilizes data collected every five years by the U.S. Census Bureau, reports that there are 8.1 million women-owned businesses in the United States--up 50% from its start date in 1997. Women-owned businesses also outperformed their male counterparts in all fields.
| USE YOUR PERSONAL CAR FOR BUSINESS? DEDUCT IT
(FindLaw's Free Enterprise) - Besides home offices, perhaps the most-asked question about small business tax deductions is whether or not you can deduct your personal car. The short answer is yes, there is a car tax deduction for small businesses. However, it requires a bit of recordkeeping and calculations on your part. You also actually have to use your vehicle for business (that darn pesky IRS Code)...
| EFFECTIVE TIPS ON HOW TO USE SOCIAL MEDIA MARKETING
(Eric Sinrod) - Initially, some companies were reluctant to embrace social media, perhaps being concerned about lack of control and other issues. However, as the world truly has migrated to social media sites (with Facebook boasting hundreds of millions of users), there now is little doubt that most companies now want to embrace social networking as a way to get the word out about their products and services. But, what are the best strategies for businesses to employ in the social media context?
| AMAZON TO SELL CHEAPER KINDLE WITH ON-SCREEN ADS
(AP) - Amazon.com Inc. is dropping the price on its Kindle e-reader, but the change comes with a trade-off: On-screen ads. The online retailer was set to announce Tuesday that the new Kindle with Special Offers will cost $114 - $25 less than the currently lowest-priced Kindle - and include advertisements on the bottom of the device's home page and on its screen savers...
| TO BOOST INNOVATION, FACEBOOK OPENS SERVER DESIGNS
(AP) - Facebook says it wants to help others build startups more easily and efficiently by sharing the technology behind the servers that power its massive online social network. In turn, it hopes to benefit from others' innovations, too. Facebook won't make any money from the Open Compute Project announced Thursday. Rather, by making the blueprints and mechanical designs of its servers available to everyone through a model known as open source, the company hopes others will improve them.
| SMALL BUSINESS OWNERS CAN NOW GAIN BETTER CONTROL OF EMPLOYEE WEB USAGE AND ONLINE SECURITY
(FindLaw Legal Technology Center) - The challenge many small business owners face is having the right kind of Internet protection built with their specific business needs in mind. Today, Kaspersky Lab , a leading developer of Internet security solutions that defend against computer viruses, spyware and all forms of malicious software, introduced the newest member of its family of advanced Internet security solutions...
| JAPAN EQUATES NUCLEAR CRISIS SEVERITY TO CHERNOBYL
(AP) - Japan ranked its nuclear crisis at the highest possible severity on an international scale - the same level as the 1986 Chernobyl disaster - even as it insisted Tuesday that radiation leaks are declining at its tsunami-crippled nuclear plant. The higher rating is an open acknowledgement of what was widely understood already: The nuclear accident at the Fukushima Dai-ichi plant is the second-worst in history. It does not signal a worsening of the plant's status in recent days or any new health dangers.
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RECENT CASE SUMMARIES: IN RE: PARMALAT SECURITIES LITIGATION, 09-4302
(U.S. 2nd Cir.) - In consolidated cases arising from the financial collapse of Parmalat Finanziaria, judgment of the district court denying motions for remand and abstention is affirmed in part and vacated in part where cases were properly removed, but court applied the wrong standard for determining timely adjudication for the purposes of 28 U.S.C. section 1334(c)(2).
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