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 If that approach looked outdated before, it seems prehistoric after the events…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,…
Cyber criminals are raising their game; small businesses must respond
Another day, another damaging cybersecurity breach. That’s how it may seem lately as a long list of high-profile firms has fallen victim to a surge in malicious online activity. But for every breach that grabs the headlines, there are thousands of smaller businesses being hit by online fraud attempts that are growing…