Family Biz Proliferates


Small businesses run by an individual or a family with no other paid employees made up a large chunk of U.S. companies and are growing in number, according to a recent U.S. Census Bureau study.

Such “nonemployer” businesses increased by more than 1 million between 2003 and 2004 to 19.5 million, or 70% of all companies.

Small businesses are becoming more varied, too, as the Internet opens up new opportunities. Internet service providers, in fact, were among the fastest-growing segments, increasing by 18.7%, and companies offering Internet-based consumer sales increased 12.7%.

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A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

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Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.