The Internal Revenue Service, states and the tax industry remind you that online threats and annoyances abound. There are viruses, worms, Trojans, bots, spyware and adware – all fall under the malicious programs (malware) umbrella. How do you protect your computer from hackers and identity thieves? You need security software and to keep it turned [...]
Bookkeepers are not known in our industry to be professionals; however, per the definition, an office worker is a professional. Looking at the key ingredients of what makes a professional, I decided to perform a comparison to give a bit of perspective on the trends of professionalism in the bookkeeping industry. First, look and see where [...]
Before you look to investors for funding, consider the benefits of debt to grow to your business. If your business needs an infusion of cash to grow, it may be tempting to take on new investors or ask for additional funding from your current backers. But doing so dilutes the equity you’ve built, which means [...]
Replacing paper paychecks with payroll cards can take the cost and hassle out of your payroll process, and make it easier for employees too! Spending too much of your time and money on the payroll process? Small business owners in search of a wage payment method that reduces payroll costs and increases efficiency may want [...]
If you run a small business, now is the time to shore up your finances and take advantage of available deductions to cut your tax bill. Bear in mind, you're wrapping up this year's books. Advisors say it's too early to see how the Trump administration will shape the tax regime in 2017. "For 2016, [...]
A good credit score can help your business land contracts and get better terms from lenders and vendors. Learn the simple steps you can take to boost your business credit score. If you’re seeking out suppliers, trying to score a contract with the U.S. government, or applying for a low-cost business loan, you’ve probably heard [...]
Rolling over an IRA is a financial maneuver fraught with peril. One wrong step and you could be on the hook for a massive tax bill. Miss the 60-day deadline, and you could face a complicated appeals process that could easily cost $20,000 — that is, until now. On Aug. 24 the IRS changed its appeals process for [...]
Here’s what your small business needs to know about complying with federal overtime regulations before the Dec. 1 deadline. With changes to the Fair Labor Standards Act (FLSA) scheduled to take effect on Dec. 1, you probably have questions about how they apply to your business. The law, which affects businesses with at least two [...]
Small business owners may not be aware that lenders and creditors make funding decisions using your business credit score, not just your personal credit score. If you’ve ever considered outside funding for your business, you know there can be a seemingly unending list of information lenders might require. You’ll likely need your bank statements, income [...]
The contribution limits for 401(k) plans and individual retirement accounts will stay the same in 2017. Workers remain eligible to defer paying income tax on up to $18,000 that they save in a 401(k) and $5,500 in an IRA. And employees age 50 and older continue to be able to save an additional $6,000 in [...]
