The newest solution for small business owners is mobile payment processing. Mobile payment processing is the ability to be able to accept credit card payments on the go, whereever you are, through the use of your mobile phone. For years, small business owners have been wary of accepting credit card payments, and some have been cash or check only for years. But, by not accepting credit cards, business owners are missing out on a ton of business!

With up to 99 percent (or even more!) of Americans owning a mobile phone, the way that we have been handling business all these years is rapidly beginning to change. Some recent studies even indictae that the USA's wireless penetration has reached numbers upward of 100 percent! (http://www.ctia.org/consumer_info/index.cfm/AID/10323) More and more of our day to day business is being done on our smartphones, while we are on the go. The newest communication strategy for business owners? Mobile collaboration. 

As a small business owner, it is very important to make sure that you are classifying your independent contractors correctly on your taxes. It can be confusing and hard to remember when it comes to employees versus independent contractors, since they often do the same work and get paid similarly. However, the IRS does not see it that way, and you can get into some serious trouble if you report your contractors incorrectly. According to the IRS, the difference is : “In general, someone who performs services for you is your employee if you can control what will be done and how it will be done.” (Find more about the IRS policies on independent contractors here.