Barbara Weltman

Barbara Weltman


  • • 30+ years of experience as a recognized authority on tax, legal, financial, and other topics that affect small business owners and entrepreneurs.
  • • Founder of Big Ideas for Small Business, Inc., a comprehensive resource center for small businesses and entrepreneurs; Publisher of “Big Ideas for Small Business®” e-newsletter and “Idea of the Day®”, which address the unique needs and interests of the small business community.
  • • Author of top-selling books including J.K. Lasser’s Small Business Taxes, The Complete Idiot’s Guide to Starting a Home-Based Business, J.K. Lasser’s Guide to Self-Employment; author of an award-winning blog, and recipient of the Top 100 Small Business Influencer Award for five consecutive years.


Called “the guru of small business taxes” by The Wall Street Journal, Barbara Weltman has been working since 1977 as an attorney and small business advocate to make entrepreneurs smarter.

Barbara is a recognized authority on tax, legal, financial, and other topics that affect small business owners. She’s trusted for her judgment and insight and is a virtual mentor to thousands of entrepreneurs and small business owners.

She has been the tax and law expert for, guest columnist for The Wall Street Journal, and U.S. News & World Report, and is currently a contributing author/blogger for various online sites, including, Small Business & Entrepreneurship Council, Experian, Investopedia, and Small Business Trends. She is a media commentator, featured in The New York Times, The Wall Street Journal, The Washington Post, MSNBC’s Your Business, and others; formerly an adjunct professor at Manhattanville College.

As former host of Build Your Business Radio, she and her featured guests addressed current topics and provided business owners with practical information to help them operate successful enterprises.

Big Ideas for Small Business® is dedicated to providing small businesses with the tools they need to gain a solid foundation and future financial success. With counsel for almost every facet of entrepreneurial finance, Big Ideas for Small Business® is your source for right ideas for growing your business. Her publications, including "Idea of the Day®" & "Big Ideas for Small Business®" e-newsletter, books, columns, blog posts, and speaking engagements are geared toward making complex business information understandable for small business owners nationwide.


Barbara received her JD from Brooklyn Law School.

Quote from Barbara

"I very much enjoy making complex business information understandable for small business owners and entrepreneurs. It’s truly rewarding to be able to use my experience and knowledge to help influence business owners, especially in the technical areas of tax, legal, and finance. I value the opportunities to successfully convey what I’ve learned and help make entrepreneurs smarter!”

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Investopedia and Dotdash

Investopedia helps you understand complex financial concepts, learn and improve your investing skills, and learn how to manage your money. Whether you’re in a classroom, a boardroom or your living room, our editors and network of financial advisors and experts have answered your questions and proudly earned your trust since 1999. Investopedia is part of Dotdash, a collection of some of the web’s largest and most trusted digital media brands.

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  1. Small Business

    10 Years After the Financial Crisis: The Impact on Small Business

    Small businesses were hit hard by the 2008 financial crisis. Here's what happened — and how they've fared in the decade since.
  2. Retirement Savings

    The basics of Roth IRA contribution rules

    What you need to know about Roth IRA contributions – from eligibility to dollar limits, to deadlines, to tax breaks.
  3. Retirement Savings

    The Rules on RMDs for IRA Beneficiaries

    Don’t get hit with a 50% penalty because you don’t know the required minimum distribution (RMD) rules for IRA beneficiaries.
  4. Retirement Savings

    401(k) Rollover: Pick Roth IRA or Traditional IRA

    Here are the pros and cons of choosing a Roth IRA and a traditional IRA, when rolling over your 401(k).
  5. Pensions

    How Non-Qualified Deferred Compensation Plans Work

    These tax-advantaged retirement savings plans have their pros and cons, and employers and employees must follow strict guidelines.
  6. Retirement

    Tax Strategies for Your Retirement Income

    Once you’re actually retired, consider these strategies to minimize taxes.
  7. Retirement

    The Tax-Savvy Window: Ages 66 (or 67) – 70

    How to take maximum advantage of the years before RMDs kick in and up your taxable income.
  8. Retirement Savings

    RMDs and the 70+ Employee

    How to plan your RMDs wisely—and possible ways to delay if you don't need the funds right away.
  9. Social Security

    How to Avoid the Social Security Tax Trap

    There are steps you can take to reduce your tax exposure on your Social Security income.
  10. Taxes

    Avoid Overpaying Taxes on IRA Distributions

    Don’t assume your IRA custodian or trustee will track your nondeductible IRA contributions. Avoid overpaying taxes on your ...
  11. Retirement Savings

    Qualified Longevity Annuity Contract (QLAC)

    A Qualified Longevity Annuity Contract (QLAC) is a deferred annuity funded with an investment from a qualified retirement ...
  12. Budgeting & Savings

    Do I Need A Personal Accountant?

    You know you need to keep your personal finances better organized. Should you hire professional help, and if so what kind?
  13. Small Business

    How to fill out an I-9 form (step-by-step)

    Step-by-step, here's how you and the employee you've hired fill out the required I-9 verification form from the U.S. Citizenship ...
  14. Retirement Savings

    Tax-Savvy Investment Strategies for Retirement Accounts

    A comfortable retirement depends not just on the amount you're able to accumulate but on your investment returns once you ...
  15. Taxes

    Filling out Form 4562, step-by-step

    Step-by-step, how to fill out the depreciation and amortization form for your business tax return.
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