 Small Business E-Newsletter
Planning * Consulting * Training December, 2009 - Vol 1, Issue 1 |
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| Kudos to... |
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Pre-Sim Solutions, the NKU SBDC Small Business Award Winner last year, for the recent sale of their first helicopter simulator/trainer. Congratulations!!
Lewis & Cruse - This specialty jewelry company specializing in Fine Custom Remembrance Jewelry recently finalized a relationship with Linnemann Funeral Homes to offer hand-made memorial jewelry in honor of recently deceased loved ones.
Joe Barta in the successful launch of his new store, The Candy Bar, in Mainstrasse Village downtown Covington. A throwback to earlier times, the store features much beloved penny candies of years gone by. Yummy!!
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| Greetings! |
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 Welcome to the premiere issue of our quarterly electronic newsletter. Please consider us a partner on your success team! Our goal is to provide relevant and timely information to support you in your "business" journey.
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| Meet Your Center |
Carol Cornell, our Director, came to the NKU SBDC in July 2007 with over 18 years of experience in strategic value creation through the design, communication and implementation of integrated growth and/or change.
Through the years, she has worked with clients in various industries, including: engineering, automotive, retail, medical device and pharmaceuticals, and government consulting offering counseling across the spectrum of the business arena. Karen Nelson joined the center in February 2009 and provides client assistance with technology, marketing, business planning and organizational design.
 Most recently, we welcomed Sarah Onufer and Samantha Dick to our Center in November 2009. Both are currently students at NKU and will provide support and administrative assistance for us. |
| Quick Links |
 www.smallbiznku.com
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Special Kudos to Dayle Deardurff! |
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Dayle Deardurff joins NKU's Institute for Nonprofit Capacity after serving as the CEO of Cincinnati Works and previously serving as executive director for both Public Allies and ProKids.
She brings to her new position significant experience in working with nonprofits across the Greater Cincinnati region as both a leader and capacity building consultant. Her deep understanding of the issues currently facing nonprofits provides focused and innovative leadership of the INC.
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Consumers Take Charge and Send Powerful Message to Businesses |
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by Carol Cornell, Director, NKU SBDC
Business owners take notice. Consumers have sent clear messages during the economic decline that are very important to your operations. Economists and politicians have varying opinions as to when the economy will completely rebound. It seems that 2011 is a common prediction. However, as your business prepares for the recovery and 2010, it's important to understand how consumers have changed their spending practices and what your business may need to do to adapt. Here are a few lessons that will help you deal with the new culture of consumerism.
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| IRS Reminders for Taxpayers |
 The IRS reminds taxpayers that keeping good records reduces stress at tax time. The tax filing season is just around the corner, so if you haven't already done so, it's time to organize your records. Whether you are a business owner or an individual taxpayer, you can avoid headaches at tax time with good records because they will help you remember transactions you made during the year. Keeping well-organized records also ensures you can answer questions if your return is selected for examination or prepare a response if you are billed for additional tax. In most cases, the IRS does not require you to keep records in any special manner. Generally speaking, you should keep any and all documents that may have an impact on your federal tax return.
Small Business Owners must keep all your employment tax records for at least four years after the tax becomes due or is paid, whichever is later. Examples of important documents business owners should keep Include:
- Gross receipts: Cash register tapes, bank deposit slips, receipt books, invoices, credit card charge slips and Forma 1099-MISC
- Proof of purchases: Canceled checks, cash register tape receipts, credit card sales slips and invoices
- Expense documents: Canceled checks, cash register tapes, account statements, credit card sales slips, invoices and petty cash slips for small cash payments
- Documents to verify your assets: Purchase and sales invoices, real estate closing statements and canceled checks
Individual taxpayers should usually keep the following records supporting items on their tax returns for at least three years:
- Bills
- Credit card and other receipts
- Invoices
- Mileagelogs
- Canceled, imaged or substitute checks or any other proff of payment
- Any other records to support deductions or credits you claim on your return
For more information about recordkeeping, check out IRS Publications:
"Subscribe Now" at the bottom of the page and enter your e-mail address.
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| Hill-Rom Seeks Vendors |
Fri., Dec. 18, 2009
Northern Kentucky Chamber of Commerce
300 Buttermilk Pike, Suite 330
Ft. Mitchell, Kentucky 41017
8:00 - 9:15 a.m.
Do you want to sell to Hill-Rom? Then don't miss this opportunity! Learn what products and services Hill-Rom purchases and how to access the key decision makers and buyers.
Presenters: Greg Fowler, Executive Director Global Sourcing; Larry Bethel, Director of US Sourcing; Randy Babcock, Manager of Indirect Global Sourcing.
Some of the needs sought by Hill-Rom include: Printing and Graphics, Market Research / Marketing Services, Promotional materials, Photography services, Office Equipment leasing (fax/copier/printer/multi-function units), Engineering Design, Engineering Testing, Engineering Contract Labor, IT Services (infrastructure support), Food / Beverage (to support Jawacdah Farm, CEC), Training Metal - sheet, roll, extruded, cast, precision machined, Plastics (Injection, blow, extrusion, thermoform), Electronics (pcba's, switches, cabling, sensors), Electromechanical / Hardware, Software and Furniture (Headwall systems).
$15 Chamber Members and Partners, $25 Future Chamber Members |
| Thanks for Reading |
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We hope this has been interesting and informative. If we can help you or your business in any way, please contact us at 1-859-442-4281 or by visiting our website at www.smallbiznku.com.
Sincerely,
Carol Cornell, Director
NKU Small Business Development Center
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Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of SBA. | |
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