Philadelphia SCORE Blog

Explore our blog for useful chapter information and valuable tips for starting and running a business.

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Pass-Through Entities Under the Tax Cuts and Jobs Act

April 4, 2018,

The passage of the Tax Cuts and Jobs Act (TCJA) brought renewed focus upon pass-through entities (PTEs). In spite of their widespread popularity, PTEs are commonly misunderstood. While thought of primarily as small businesses with few employees that generate a fraction of overall business profits, the truth about PTEs tells a very different story.

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What Makes a Family Business Successful?

Are you the proud owner of a family-owned company? From succession planning to company culture, these family business tips and insights, based on stats from SCORE’s latest business infographic, will help you build a roadmap to success and increase the chance of transitioning into the next generation.

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Accountants Versus Bookkeepers — What You Should Know

March 21, 2018,

As a small business, managing your finances is no small task. Since one of the main reasons businesses fail is due to poor cash flow management, it’s also why you need help. But, if you haven’t got a ton of experience working with accountants or bookkeepers, what do you need to know?

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Why Small Business Owners Should Track Their Mileage

March 15, 2018,

The IRS lets you deduct some of the costs of using a personal vehicle for business purposes. Just like you can deduct the cost of business expenses such as marketing, you can also deduct your business mileage. But make sure you’re following the rules or else you may face that dreaded IRS audit.

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