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Small Business Matters


The choice of your business’s accounting method from the start shouldn’t be taken lightly. Whether you use a cash basis or accrual basis of accounting – can have a long-term impact on your profit/loss data, your tax strategy, and even your ability to secure financing or attract investment. Each method has its own benefits and […]

Employee fraud causes billions of dollars in business losses each year. According to the Association of Certified Fraud Examiners (ACFE) 2016 Global Fraud Study, the median loss for U.S. businesses affected by internal fraud was $120,000. Unfortunately, the risk of employee fraud is especially high for smaller businesses, the ACFE found. This is because small businesses […]

Having a car for your small business can offer many advantages, but it’s important to know that owning a car is different for businesses than for individuals. In fact, companies where employees must travel don’t always need to provide vehicles. If owning a company car is right for your business, learn how to comply with […]

Imagine discovering you and your business are under investigation for money laundering or tax evasion – all because you made frequent cash deposits to your bank account. Small businesses, such as retailers, restaurants, and beauty salons, often receive much of their income in cash, requiring their owners to make frequent bank deposits.   While receiving […]

If driving to clients and job sites is an important part of your business, investing in a company car may be a useful option. When deciding between employee-owned and company-owned vehicles, consider which option best supports your business goals, your budget, and the needs of your team. As you make this decision, ask yourself these […]

During tax season, electronically preparing and filing tax returns may make businesses more vulnerable to cybercrime. Tax-related scams are one of the most common types of fraud committed against businesses and individuals. Cybercriminals are constantly devising new ways to steal sensitive financial information in order to commit tax identity theft and other crimes.   Fortunately, […]

Some business owners may feel they’re too busy to introduce environmentally friendly practices into their workplace. In fact, going green at work is easier than it seems – and it comes with many benefits. When launching a green initiative, smaller businesses have the advantages of a small staff and greater flexibility, which make it easier […]

After working hard to make your business a success, it’s important to make sure the business can continue successfully if something were to happen to you unexpectedly. That’s why it’s crucial to include details about your business assets in your overall estate planning. This process can be used to specify how your business assets will […]

Tax identity theft is a growing risk for American businesses. This form of identity theft happens when thieves steal a business’ Employer Identification Number (EIN) and other tax information so they can submit a fraudulent tax return and claim tax benefits on behalf of their victim. Thieves may also use a business’ EIN to file […]

You’ve invested countless hours in making your business a success. When it’s time to sell your business, you want to know it will be in good hands and that you’ll receive a fair price. In the years leading up to your intended sale, it’s a good idea to create a business succession plan to help […]