Are Small Businesses Being Targeted?

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I was reading the Kansas City News Blog this morning and I came across an interesting post.

It’s title is “New IRS Agents Hired by Obama Auditing Small Businesses”

They say, “This is becoming an epidemic as over 3,000 local Kansas City small businesses
reported that they are currently being audited.  The audits mysteriously started in
October of 2010, and seem to be continuing with no end in site.  Businesses that are
being targeted are small “mom and pop” stores and small companies.”

Read the full article. It’s very interesting.

Don’t want to pay the IRS extra money?

What can you do to protect yourself from having your business deductions disallowed?

It’s the same thing that will protect you from having everything taken away in a lawsuit…..

You need to make sure your company minute book up to date with the latest minutes and resolutions.

It doesn’t have to be hard. Just have us do it for you.  That leaves you to do what you do best…..and that is running your company.

We have over 30 years experience in keeping your minutes legal.

Check us out at  Just A Minute LLC.com

November Client Giveaway!

We are thankful for many, many things and you just happen to be one of them!  JAM clients; check your email for a special Thanksgiving surprise.

We appreciate your business, and have enjoyed getting to know you and your company(s).  We hope that we’ve been able to simplify your company minutes and make your business life a little more organized!

Our gratitude goes out to you!  Have a Happy Thanksgiving!

Best Wishes,

Your Team at Just A Minute, LLC

October Client Giveaway

Hey JAM clients!  We’re starting something new and fun for you!   We’ve developed a Monthly Giveaway to show you our appreciation all year long.

So long as you’re a part of JAM, you’ll be receiving tips, gifts, and prizes! Check your email during the middle of the month to get your goodie from Just A Minute, LLC.

Gift #1:

Check your email today for a special downloadable version of “Bulletproof your Business from Lawsuits and IRS Audits”.

In this book, created by Kari VanNoy, co-owner of Just A Minute, LLC, you’ll find lots of information about the 13 documents you must have in your minute book.

Because you’re JAM clients, we know that you are awesome with keeping your minute books up to date, but do you know anything about the other documents that are in there?  Find out now and stay out of the dark!

Let us know what you think of “Bulletproof”.  Comment below!

Top 5 Reasons Company Minutes are Important for Small Business Owners

  1. Find More Deductions! – When you follow our memory-jogging questionnaire, you may just find some more deductions you didn’t think about. Be sure to share these with your CPA for maximum savings!
  2. Save Your Sanity By Keeping Current! – It is so much harder to catchup than to keep up! When you use our simple online system each month, you actually save yourself time and energy, no need to search back through old documents and bank statements to find what needs to be documented. It will all be fresh in your mind! That’s why we created this system: to Save Small Business Owners Time and Money, while still getting the paperwork done right!
  3. To Protect Your Business and Personal Assets in Case of Lawsuit! – the first things and opposing attorney will ask for is business records. If you don’t have any, or you don’t have the correct documents done, forget about saving your personal assets too from scrutiny and the prosecutor. It’s too late!
  4. Save Your Deductions from an IRS Audit! – One of the great things about documenting all business decisions and expenses is that you have PROOF. Proof not only that your expenses were really expenses, but that your business is actually running as a business and not just a hobby.
  5. Save YOU Time! – This may be similar to #2 , but saving time is so important to a small business owner (it is to me!) that it bears mentioning in its own spot. All you have to do each month is take a few minutes to do your reporting, that’s all you have to do.. and we do the rest! You don’t have to worry about when to hold your Annual Meeting (we do that for you), you don’t have to worry about which form, out of the 600+ to choose or how to correctly word your business actions… We do that for you, too!

To find out more about Minutes for your company Click Here.

Comment below and tell us how important minutes have been to your company? Have they saved your personal or business assets? Have you found more deductions?

Are you neglecting your business?

Are you neglecting your business?…

Right now MOST business owners ARE neglecting their business! I’m sure you are thinking… How can I be neglecting my business when I basically eat and sleep there?

Yes you may spend many hours working on the growth of your company, but do you have a solid foundation?

A solid foundation is crucial in protecting your corporate veil and keeping your personal and company assets protected.

You are probably wondering what that solid foundation is….Well your solid foundation is PROPER LEGAL documentation!

Did you know there are 13 documents you must have in order to have this sturdy foundation?

Without these 13 documents your company’s corporate veil could be pierced, your tax deductions disallowed, and thousands of dollars and hard work down the drain.

Now again I ask you, Are you neglecting your business?

Click here to find out what 13 documents you MUST have to Bullet-Proof Your Company from Lawsuits and IRS Audits.

Stop neglecting your business today!

Share this on Facebook and Twitter and warn others Business Owners to Bullet-proof their business!

Also, Comment below and tell us what you found interesting/shocking!

Is Your Annual Meeting Next Month?

Just A Minute LLC does company minutesMany of you are scheduled to have your annual meeting in May. This is a great opportunity to plan a trip and use it for a tax deduction. (see previous video post.)

Your Annual Meeting is the most important meeting of the year for your company.

At your annual meeting, you approve all the actions you made last year, you may vote on new officers and directors, and you may plan for future activities or projects.
Your annual meeting minutes lists your “team”  – your lawyer, accountant, bookkeeper, etc. – in your company summary as well as listing all the major decisions you have made on behalf of your company for the past year.

But most importantly, it protects you.

How does an annual meeting protect you? Well, if it is done right, and if you have an accurate record of everything you have done over the past year, and if you have the minutes of the meeting in writing with the correct legal form, and it is signed and placed in your minute book, then you are conducting business like a business.
What happens if you don’t have your annual meeting documented properly and in your company record book?

The results could be disastrous.

If you are sued your corporate veil could be pierced (even if you have an LLC!). In other words, you could lose the asset protection of your business entity and your personal assets could be in jeopardy.

If you are audited by the IRS your business deductions could be disallowed. Meaning you will pay more in taxes.

When should your annual meeting take place?

Look in your company operating agreement or by-laws. It will tell you when your annual meeting should be held.

Just A Minute, LLC takes all the worry from you.

They prepare your monthly resolutions for you. They remind you when you should have your annual meeting. They prepare your annual meeting record including who was present, where the meeting was held, past actions that were approved and other significant details.
All you have to do to get the proper paperwork that will protect you and your business is to login to the system once a month and answer a few questions about your business activities for the month. And then answer a few questions about where and what date you held your annual meeting and you are set.
No need to search for the proper legal form, or try to figure out the proper legal language to put in your document.
No need to hire an expensive attorney to get your minutes done right.
Call Just A Minute, LLC at 888-552-6552 or visit www.JustAMinuteLLC.com to protect your business now!

No operating agreement or by-laws? We can rescue your business with our company rescue service.. Call now. 888-552-6552

Win an iPad

Win a New iPad in May 2010

Want a new iPad? Well, a brand spankin’ new iPad from Apple could be yours!

Refer a friend who purchases a yearly subscription for minutes and you will be entered to win! (No limit to the number of friends you may refer — one entry per purchasing friend).

Here’s why (and how you can win):

Just A Minute, LLC has been working hard on it’s new…  (Read more and win)

Free up Your Time: Create Systems in Your Business

This business tip is from Patricia Drain . I learned this bit of wisdom from her years ago, and it’s true!

Here’s what Patricia says:

CREATING SYSTEMS IN YOUR BUSINESS WILL FREE UP YOUR TIME

Once you learn how creating systems in your business will make your business flow more easily, then you will have the key to success. Create just ONE system in your business today.

I started systemizing everything — from how the phone was answered, to how meetings would unfold, to how invoices looked when they were mailed out.

Guess what that did for my business?

I didn’t have to “show up” to help the business grow.

I created more value in my business.

In fact, when I sold that business, the buyer said “What made me buy your business over the 20 others I looked at, were the ‘systems’ you created.”