Accounting, Tax

Cyber Theft Vigilance Is Critical During Tax Season

Personal and business data floods the mail and Internet during tax season.

And according to Tim Zeilman of the The Hartford Steam Boiler Inspection and Insurance Company identity thieves are on the lookout.

Zeilman thinks small business leaders need to keep some things in mind.

Small Businesses Can Be Hit With White Collar Crime

The typical organization in loses 5% of its revenues to fraud each year. 

Although 5% may not sound like much, when you consider that the average profit margin in the U.S. is only 6.5%, a typical fraud occurrence could easily mean the difference between solvency and bankruptcy.  Globally that translates to $3.5 trillion. 

Grading the Business You Want to Buy

Buying a business is often a life-changing investment. Any new owner knows they are putting their money and reputation on the line. Naturally, they want to find the perfect investment – but the perfect business does not exist.

According to Andrew Cagnetta, the CEO of Transworld Business Advisors, grading a business comes down to five key criteria:

Making Equity Crowdfunding Work for Your Business

Many companies get to a stage where they are looking for an injection of significant funding to drive meaningful growth.

The desired funding is frequently used to scale up marketing, or to build the next generation of a product or service.

Company Credit Standing As Important As Personal Credit Rating

Everyone knows the importance of keeping their personal credit record in good shape.

Yet, according to Levi King, CEO of Creditera.com thousands of business owners don’t realize that their company has its own separate credit profile. This knowledge gap is hurting too many small business owners.

Small Businesses Can Speed-Up Field To Deposit Process With New App

Scanning and depositing checks via mobile phone is a rapidly growing app used by 33 million consumers.

Another application of this app is used by many corporations with large fleets of service providers to scan invoices and accompanying checks in the field.

In fact, the use of this tool in larger corporations is expected to grow by about 40% in 2015.

However, smaller companies have not be able to utilize such offerings, according to Mitek.

i Every New Small Business Needs A Capitalization Table

A new business needs to know where it is headed. Particularly when it comes to its stock distribution.

James T. Carroll, Perkins Coie LLP suggests that one of the first steps in forming a startup, even before any documents are drafted or signed, is creating a capitalization or “cap.” table.

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