Create a Budget in 6 Simple Steps


Create a Budget in 6 Simple Steps

click reference The U.S. Small Business Administration says the “key to a successful business is preparation.” Whether you’re just starting up or have been around for a while, understanding your expenses will go a long way toward keeping the doors open. Each business will have a different financial picture, whether it be brick and mortar, online or … Continue reading Create a Budget in 6 Simple Steps

Smart Record Keeping for Tax Time


Record Keeping

like this Keeping good business records can help you monitor the progress of your business, prepare your financial statements, identify sources of income, keep track of deductible expenses, prepare your tax returns and support items reported on your tax returns. According to irs.gov, “the responsibility to substantiate entries, deductions, and statements made on your tax returns is … Continue reading Smart Record Keeping for Tax Time

Protect Your Business During the Holidays


Holiday Fraud Prevention

Keeping a Watchful Eye on Fraud During the Holidays As businesses prepare for a busy holiday season, with increased customers, sales and especially e-commerce transactions, it’s important to keep fraud risk in mind. Fraud can be especially crippling for small businesses. According to the Association of Certified Fraud Examiners (ACFE) Report to the Nations 2018 … Continue reading Protect Your Business During the Holidays

How to Handle Unpaid Invoices


How to Handle Unpaid Invoices

You might have a successful, growing business, but without money coming in on time, you won’t be able to continue operating. Getting invoices out regularly and getting them paid on time helps to keep the cash flowing. It’s always smart to have a set policy when dealing with collections, whether you’re sending invoices out yourself … Continue reading How to Handle Unpaid Invoices

Insurance 101: Getting the Coverage You Need


Are you covered?

According to the U.S. Small Business Administration (SBA), “business insurance protects you from the unexpected costs of running a business.” Accidents, natural disasters and lawsuits are all potential problems significant enough to shut down your business if you’re not properly prepared and covered for them. The federal government requires every business with employees to have … Continue reading Insurance 101: Getting the Coverage You Need

Elderly Financial Abuse: How to spot it and help stop it.


ELDERLY FINANCIAL ABUSE How to spot it and help stop it.

Fraudulent financial schemes aimed at the elderly population are increasing rapidly.  Together, we can fight it. A Few Common Schemes • “You won the lottery!” Victims are told they’ve won big and are asked to pay a fee to unlock their winnings. • “Hi Grandma, do you know who this is?” This is an attempt … Continue reading Elderly Financial Abuse: How to spot it and help stop it.

What to Do with Excess Cash: 5 Ideas to Ponder


What to Do with Excess Cash: 5 Ideas to Ponder

Too much cash is a great problem to have, but how much is too much and what do you do with it? First, you need to determine how much cash you need to keep your business safely running. The general rule is enough to cover at least two months of overhead. You can also open … Continue reading What to Do with Excess Cash: 5 Ideas to Ponder

Business Identity Theft – What You Need to Know


Business Identity Theft - What you need to know

Identity theft doesn’t just wreak havoc on your business finances, credit and reputation; it can cost you a lot of time and money as well. Knowing what it is, how to prevent it, and what to do if you become a victim could save your company’s credit, reputation and bottom line. What is Business Identity … Continue reading Business Identity Theft – What You Need to Know

SEO Crash Course for Small Businesses


SEO Crash Course for Small Businesses

We’ve all heard the term SEO, which stands for search engine optimization, but what does it mean and how should we be using it? Many small businesses don’t use SEO to their advantage. SEO can determine whether you gain or lose a sale when customers search for your business online before buying. The right online … Continue reading SEO Crash Course for Small Businesses

Fraud Protection for Small Businesses


Fraud Protection for Small Businesses

According to the FBI, business fraud consists of dishonest and illegal activities perpetrated by individuals or companies in order to provide an advantageous financial outcome to those persons or establishments.1 Also known as corporate fraud, these schemes often appear under the guise of legitimate business practices. While fraud can harm any type of business, it … Continue reading Fraud Protection for Small Businesses