Category Archives: Finance

When In Doubt, Talk to a Professional

Last week, when we did our post discussing the IRS rulings for contracted workers vs. employees there were a lot of questions and comments and ideas and thoughts and “what ifs”.  My response to all of this: talk to your tax accountant. Don’t have one?  Hire a good CPA with great references.  (If you need...

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Tax Changes that Will Impact Your Wedding Business

A personal note: I am very anti-politics.  This post is to inform.  Please: no political rhetoric or rants in the comment section. As often happens when laws get made in Washington DC, there are additional hidden laws that get swept into the changes. Often, these changes have little to do with the overriding law.  It’s...

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Employee or a Self-Employed Contractor?

You know that person that comes in to help you a few hours a week?  That person that’s “not really an employee” but someone you’ve hired as “a contractor”?  Well… think again.  The IRS may not agree with you.  That person may, in fact, be an employee. What’s the big difference? Well… for starters… how...

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Why Lowering Your Prices Isn’t WORTH It

Lately, I’ve been hearing from a lot of wedding pros that “Business is Slow“.  I wish I had something magical to offer… a magic formula for increased business.  Yes, it’s true… even following all of the advice on this site, isn’t going to magically bring you the business.  But, little by little, by putting all...

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What if You Raised Your Prices by 20% ?

This week we are playing “what if”.  (I’m feeling CHEEKY.)  Yesterday, we pondered the “what if” possibility of slashing our advertising budgets.  Today, let’s try another one… What if you RAISED your PRICES by 20%? (Imagine that!) Now, my theory is that a majority of businesses in the wedding industry are under-priced.  Even if you...

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