Proposed New IRS Reporting Requirements
While we do not routinely raise issues occurring in Washington with our clients, keeping your personal and financial information private and secure is our top priority. Congress is considering a plan to require all financial institutions to report detailed information on your personal and business bank accounts to the IRS,…
Imposter Scams: What are they and how can you protect yourself from them?
What was the No. 1 type of fraud Americans reported in 2020? If you guessed imposter scams, you’re correct. The Federal Trade Commission filed nearly 500,000 complaints about imposter scams last year -- marking imposter scams the most common form of fraud reported to the FTC in 2020. Imposter scammers…
Why Businesses Need to Embrace the Digital Payments Now
Before the pandemic, most businesses were living comfortably in the paper world when it came to managing their payments and collections. Many had relied for years on back-office staff to stay on top of the constant flow of checks, invoices and snail-mail. If that approach looked outdated before, it seems prehistoric after the events…
Relaxed loan terms from the SBA offer a ray of hope for small businesses
The stimulus package enhanced three loan programs that are part of the Small Business Administration (SBA)’s traditional offerings. The dominant narrative around U.S. small businesses throughout the pandemic has been one of doom and gloom. But there’s another side to the small-business story that is emerging. A story of determination,…
Be on the Lookout for Scams Related to COVID-19
COVID-19 has created more opportunities for phishing scams and cybersecurity attacks. These can come in the form of fraudulent emails from health organizations or your employer about changes in processes, websites with malicious maps, or fictitious requests from charities needing your help. What can you do to help keep…