Is Disruptive Technology Damaging Business?
Disruptive technology is on the verge of taking over the business world. For those businesses that are not ready for such an impact, could disruptive technology wind up damaging business and consumer relations? In an article from Disruption Hub, author Laura Cox writes, “There’s a huge divide between businesses that are successfully using tech, and…
Are Your Important Tax Documents Safe in Case of a Disaster?
You may think a natural or man-made disaster will never happen to you, but it can be a nightmare when it does. The 2017 hurricane season is a good example, not to mention the wildfires in the West, the tornados in the Midwest, plus the potential for inevitable earthquakes. You could lose all of your…
Inspiring Culture and Influencing Engagement Within the Workplace
Engaged employees will go above and beyond what they are asked to complete. While engaged employees take business to new heights, getting employees engaged can be challenging. In an article from Inc., author Adam Fridman writes, “More than 85% of workers worldwide, and more than 65% of American workers, report feeling disengaged at work, according…
Avoid Being Scammed by Fake Hurricane Charities
Whenever there is a disaster such as the recent hurricanes, the lowlifes show up and try to scam generous individuals out of money intended to go to victims of the disaster. Don’t you be another victim of the disaster – watch out for scammers claiming to represent charitable organizations who will pocket the donations for…
SMBs Spend 120 Hours Per Year on Admin Tasks and Bookkeeping
Administrative tasks may seem small compared to corporate meetings, but they are just as important to a company’s success. How much time does your business spend on administrative tasks? According to an article from CPA Practice Advisor, “Small businesses currently spend an average of 120 working-days per year on administrative tasks, accounting for approximately 5%…
When is a Charitable Contribution Appraisal Required?
A commonly overlooked requirement of taking a tax deduction for donating clothing and household goods to charity is the substantiation requirement, for both what is donated and the value placed on the donation. Because the IRS has encountered so much abuse in this area, it has increased the donation verification requirements over the years, and…
5 Tips to Protect Your Business When Dealing with Payments
With the rise of technology, a new state of commerce has emerged. “Card-not-present” transactions might pose a threat for your business. Protecting your business by not falling victim to fraud is becoming harder than ever before. In an article from Entrepreneur, author John Canfield writes, “There are also situations emerging on these newer online platforms…
Don’t Take the Bait – Responding to a Data Breach
In its tenth and final installment, “Don’t Take the Bait”, the 10-week IRS series on security updates for tax professionals, addresses steps for tax professionals to take in the event of a data incident. The September 15th article also offers tips for helping protect clients and taxpayers. While the IRS and the tax community as…