IRS Announces Common Tax Scams

Posted on 16. Sep, 2020 by in Identity Theft, IRS, Small Business Tips, Tax Tips

The IRS recently announced its 2020 edition of its annual Dirty Dozen list of tax scams. This year includes a special emphasis on aggressive and evolving schemes related to COVID-19 tax relief, including Economic Impact Payments. Here are six of the more common scams. Phishing. Phishing refers to potential fake emails or websites looking to steal your personal […]

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Should You Incorporate Your Business?

Posted on 09. Sep, 2020 by in IRS, Small Business Tips, Tax Tips

You may have started your business as a simple sole proprietorship that files its taxes as a Schedule C on your Form 1040. As your business grows, you may want to change the structure. Here are several scenarios where it may make sense to do just that. Reasons to Create Business Entities Establishing limited liability. The […]

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How to Eliminate a Tax Surprise

Posted on 01. Sep, 2020 by in IRS, Small Business Tips, Tax Tips

What is normally a reliable estimate of your taxes – the amount of money withheld from your paychecks by your employer – may be an unreliable estimate this year thanks to the current pandemic. Even worse, using the safety net of paying in what you did last year may not be practical if your financial […]

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When is Bookkeeping Help Needed?

Posted on 20. Aug, 2020 by in Bookkeeping Articles, Small Business Tips

Do you find yourself wishing you had some bookkeeping help for your business?  The job requirements of bookkeepers are enormous and it really takes a lot of knowledge, training and experience to do the job correctly.   You should not assign these responsibilities to just any employee because you cannot afford any errors.  Mistakes could mean huge losses for your business. So, when the load has become too much, you should start seeking bookkeeping help.  Bookkeepers […]

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Ideas to Help Local Businesses

Posted on 26. Jun, 2020 by in Gratitude, Misc. Articles, Small Business Tips

Shuttered businesses are realizing that lifting lockdown restrictions doesn’t mean a return to business as usual. Social distancing guidelines and a public wary of venturing into crowded environments means light customer traffic for many businesses. Here are several ideas to help local businesses financially as they re-open their doors: Continue buying gift cards. For many small […]

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Are You Prepared?

Posted on 02. Jun, 2020 by in Disaster Plan, Small Business Tips

As small business owners with many of us working from our homes, we do not think about what a disaster can do to our businesses. But over the last couple of months, living through a pandemic, we realize we do need to prepare. With us entering Hurricane season, even those not located in the path of […]

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Protect Your Video Conference Meetings

Posted on 26. May, 2020 by in Security, Small Business Tips, Video Conferencing

Hackers have found their new playground amid the increased use of video conferencing during the coronavirus pandemic: Zoombombing, Here’s how to prevent these uninvited guests from making an unwanted appearance. Zoombombing defined Named for the company Zoom, the unfortunate first high-profile victim of this phenomena, zoombombing occurs when internet trolls hack video conference meetings and […]

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Ideas to Help Make Payments During Tough Times

Posted on 20. May, 2020 by in Budget, COVID-19, Managing Finances, Small Business Tips

If you’ve been recently laid off, here’s how you can get some quick cash to help pay your bills. You’re not alone in trying to navigate the financial uncertainty during the coronavirus pandemic. Millions of American workers who lost their paycheck because of COVID-19 need to find creative ways to pay bills. Here are 6 […]

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Get Your Money: Ensure You Receive a Stimulus Payment

Posted on 12. May, 2020 by in COVID-19, IRS, Small Business Tips, Tax Tips

Your COVID-19 stimulus checks are in the mail! Find out how much you qualify for and when to expect the money. The IRS has two websites to help with stimulus payments: One for non-tax filers to register to receive their economic impact payment and a new “Get My Payment” tool. BackgroundAs a response to the […]

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It’s Time to Prioritize Inventory Management

Posted on 20. Feb, 2020 by in Inventory, Misc. Articles, Small Business Tips

Extraordinarily low interest rates and a rapidly evolving business climate has made inventory management a lost art. Other business initiatives may seem to be more urgent and impactful, but in reality, mastering inventory levels is a key to most successful and growing businesses. Here are reasons why prioritizing your inventory management is a must: Less […]

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