For small business owners, accepting payments in new ways can be confusing. Fraud and security-related issues might make them reluctant to receive payments through online payment methods, but to keep up with the advent of new technologies and accommodate how most customers want to pay, one should welcome change to allow for growth and expansion. […]
Author: G Karthikeyan
How to manage summer vacations at your small business
Summer vacations are most anticipated, except, perhaps, by business owners and managers. Not only can it be a headache to juggle schedules and re-assign tasks while employees are away; it can also impact the business and customer service to have key employees gone. Here we discuss how to create and implement vacation policy to manage […]
Flags leading to IRS Audit
The Internal Revenue Service (IRS) uses a combination of automated and human processes when selecting which tax returns to audit. All tax returns are compared with statistical norms, and those with anomalies undergo three layers of review by personnel. Here are some items you can do well to be aware of, and have a double […]
Why does my business need cyber liability insurance?
The prevailing thought among data security experts is that no matter the size or scale of a business, a data breach is inevitable. In fact, there is a good chance of the data being compromised already and the owner is unaware of it. So it is always advisable to have cyber liability insurance for your […]
Tax Changes you need to know for 2018
The new tax reform bill is now law, and taxpayers can expect a lot of tax changes you need to know for 2018. Reduced tax rates, higher standard deductions, and higher child tax credits for families are just a few of the perks that individual taxpayers will see next year. To pay for these tax […]
Avoid tax surprises when retiring abroad
If you are approaching retirement age, thoughts would have set in on how and where you can retire to make your savings last longer. Retiring abroad may be the answer. Here is a look at the tax implications of retiring abroad. Leaving the United States does not exempt U.S. citizens from their U.S. tax obligations. […]
Protecting yourself after a data breach
If your personal information, such as your date of birth, Social Security Number, or credit card numbers, is exposed in a data breach, there are some things you can do to limit the potential damage from identity theft. Protecting yourself after a data breach has to be a habit. 1. Check your credit reports from […]
Smart ways to use your tax refund
Strengthen your retirement savings – you can consider directing all or part of your tax refund into your retirement savings for an instant boost. One way to do this is to deposit your refund into an IRA which is a type of retirement account for individuals that offers certain tax advantages. Or you could simply […]
Financial Tips for Traveling Abroad
Convert some dollars to local currency before leaving home – by doing this, you will have some cash available to cover your immediate expenses, such as transportation and refreshments, without hunting down an ATM. Your bank or credit union should be able to help you buy local currency. Check whether ATMs will be available – […]
Know your credit & debit cards better
Holding credit & debit cards is a virtual necessity these days. In case your credit card is used without your knowledge, you may be responsible for up to $50 in charges per Federal Trade Commission (FTC) stipulations. In case of lost or stolen cards, if you report the loss before the card is used in […]