Leonard Business Consulting 

SBA says 50% fail during first year

Top Ten Pitfalls for small businesses:

1. Lack of experience

2. Insufficient capital (money)

3. Poor location

4. Poor inventory management

5. Over-investment in fixed assets

6. Poor credit arrangements

7. Personal use of business funds

8. Unexpected growth

9. Competition

10. Low sales

What Makes Us Different?

At Leonard Business Consulting (LBC), we provide the highest level of professional service to our clients.  We specialize in providing custom solutions designed to obtain maximum results for your company.  Through years of professional experience, formal business education and ethical practices, our consultants partner with you to develop a mutually beneficial strategic encounter. 

Most importantly, we understand small businesses experience real challenges that require real solutions.  Thus, we offer an hands-on approach.

What's New?

IRS Strengthens Withholding Compliance Program

The IRS has stepped up its withholding compliance program by making more effective use of information reported on W-2 wage statements to ensure that employees have enough federal income tax withheld from their paychecks. At the same time, employers are no longer required to submit potentially questionable Forms W-4 to the IRS.

Health Savings Accounts

The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 created a new, tax-advantaged way for certain people to save for health care expenses. You must be covered by a high-deductible health plan to open and contribute to a Health Savings Account (HSA). IRS and Treasury have provided guidance on how HSAs work.