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small business
How to Protect Your Small Business from Cyber Threats
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…
Read MoreTesla – How Accounting Can Make a Difference
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…
Read MoreSEC Adopts Regulation Crowdfunding
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…
Read MoreProperly Insuring Your Business
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…
Read MoreHealth-Care Reform Changes Affecting Employers
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…
Read MoreWhy Insure Your Business?
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…
Read MoreAdvertising and Publicity Basics for Small-Business Owners
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…
Read MoreFor Small Business Week, IRS Spotlights Two Webinars
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…
Read MoreSelling Your Business to Family
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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