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small business

How to Protect Your Small Business from Cyber Threats

November 28, 2016

Risk management is a key component in any successful business plan. In today’s world — where data breaches are common occurrences — it’s especially important for business owners to understand the digital risks they face. Are you doing all you can to mitigate the risk of a cyberattack? The importance of cybersecurity Many small-business owners…

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Tesla – How Accounting Can Make a Difference

April 12, 2016

Unless you’ve been sleeping under a rock for the past few weeks, you’ve seen and read all the excitement about the Tesla Model 3 and its recent pre-order count at 325,000 (US News) for a car that is slated to be delivered in late 2017 (read most likely 2018).   Now that is amazing given…

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SEC Adopts Regulation Crowdfunding

January 19, 2016

New rules take effect in 2016 On October 30, 2015, after three and a half years of proposals, comments, and discussion, the Securities and Exchange Commission (SEC) announced its final rules on equity crowdfunding for small businesses. The forms that funding portals use to register with the SEC become effective on January 29, 2016, while…

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Properly Insuring Your Business

November 30, 2015

No matter how careful you are in running your business, accidents happen. And no matter how big or small your business, you’ll have to plan for these and other risks if you want your business to thrive. One way to do this is with insurance. Imagine this: Your custom-made cabinetry business is thriving. You have…

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Health-Care Reform Changes Affecting Employers

October 1, 2015

The 2010 Patient Protection and Affordable Care Act (ACA) includes provisions that directly affect employers and business owners. The following is a brief overview of some of the ACA provisions that employers should be aware of. SHOP Marketplace The ACA created the Small Business Health Options Program (SHOPs) to help small businesses provide health coverage…

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Why Insure Your Business?

August 5, 2015

Your business represents a substantial investment of your ideas, time, and money (in addition to your sweat and elbow grease). Because your business faces a variety of risks and perils (e.g., property damage, theft, personal injury claims, and natural disasters), you’ll want to protect your investment. You can do this with various types of business…

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Advertising and Publicity Basics for Small-Business Owners

June 15, 2015

Small-business owners want to strive for the best possible return on investment (ROI) on their marketing dollars, and advertising and publicity are two separate but very important components of a well-rounded marketing communications plan. Advertising refers to paid-for promotions; publicity typically means low- or no-cost news coverage and word-of-mouth promotion of your business. Within each…

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Buying an Existing Business

June 8, 2015
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What are the advantages of buying an existing business? The advantages of buying an existing business include: Established product or service Established “goodwill” Management team in place Existing collateral Reduced start-up time and cost Unlike a new business, an existing business will likely have a product or service that is familiar to consumers, suppliers, lenders,…

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For Small Business Week, IRS Spotlights Two Webinars

May 13, 2014
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May 8, 2014   WASHINGTON — The Internal Revenue Service is marking Small Business Week, May 12 to 16, by holding two free webinars for small businesses and encouraging them to check out several key tax benefits and a special relief program for employers who reclassify their workers as employees. The webinars will cover payments…

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Selling Your Business to Family

October 22, 2012
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This month we are discussing small businesses and the tax implications of transferring a family-owned business to another family member. So – what is special about selling your business to family? Certain financing methods available When you are considering selling your business, you may have possible buyers within your own family. You may want to…

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