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Feb 27, 2024
Navigating Financial Success: Why and When You Should Embrace Budgeting
Do you know that a significant percentage of small and mid-sized manufacturing businesses do not have an annual operating budget? As you explore how a budget can drive important business decisions, this introductory article marks the beginning of our comprehensive budget series where we explore the why, when, and how of budgeting. Future articles will move you through the process and explain how to pull it all together. Let’s get started so you can understand how your business is performing!
Feb 20, 2024
Retirement Planning for Entrepreneurs: A Beginner’s Guide
Embarking on the entrepreneurial journey is a bold and rewarding endeavor, but it comes with unique challenges, especially regarding retirement planning. As author Stephen Covey wrote, “Begin with the end in mind.” Your financial future is intricately tied to the success of your business venture. In this guide, we’ll look at the complexities of retirement planning for entrepreneurs, offering insights and strategies to ensure your golden years are as fulfilling as your entrepreneurial journey.
Feb 19, 2024
The Future of QuickBooks: Getting Ahead of the Change
As of July 31, 2024, new subscribers can choose between QuickBooks Online (QBO) and QuickBooks Enterprise. Existing subscribers will still be able to renew their QuickBooks Desktop Pro and Premier subscriptions, but these options are no longer available to new subscribers. The biggest impact will be for new businesses or QuickBooks Desktop users without an active subscription. For several years, Intuit has poured its resources into enhancing QuickBooks Online, to make it more robust and user-friendly while adding new features.
Feb 16, 2024
Staying Secure During Tax Season: Your Guide to Avoiding Phishing and Smishing Scams
As we approach another tax season, it's not just the crunch of numbers that should be on our minds but also the heightened risk of falling prey to cyber scams. The Internal Revenue Service (IRS), following its eighth annual Security Summit, has issued an early reminder: Be vigilant against phishing and smishing scams. This advice isn't just for those in the U.S. − cybercriminals are sharpening their tactics globally. Let's walk through essential tips to help you navigate this tricky period safely and confidently.
Feb 15, 2024
Important Information Regarding the Corporate Transparency Act
The Corporate Transparency Act (signed into law on Jan. 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US. Beginning in 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) in an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activity.
Feb 2, 2024
Benefit Insights | Winter 2024
Plans must be tested each year to ensure that they are compliant with the laws governing retirement plans. To understand the testing performed for your plan, it may be helpful to review some of the terms that are commonly used. First, let’s examine how your plan’s noteworthy individuals are identified.
Jan 18, 2024
Business and Data Privacy: A Shared Responsibility
In the vast expanse of the digital age, the nexus between technology and privacy compels businesses to assume a crucial role in safeguarding the data entrusted to them. As we approach Data Privacy Week 2024, it’s imperative to explore the intricate sides of this collaborative responsibility that businesses and individuals jointly bear. This article delves into the critical aspect of legal and ethical compliance, emphasizing its profound impact on fostering trust, ensuring transparency, and navigating the evolving regulatory landscape.
Jan 9, 2024
Mastering the Craft: Strategies for Keeping Your Best Talent Onboard
Employee retention stands as a cornerstone of sustainable success. As key talent trickles out, revenues suffer a direct hit, underlining the domino effect of not holding onto essential personnel. Beyond tangible losses like training expenses, businesses grapple with intangible costs – the erosion of institutional knowledge and the ripples in morale that can unsettle even the most stable teams.
Jan 5, 2024
New Year’s Resolutions: Cyber Security Edition
As the clock strikes midnight and the calendar flips over to a new year, many of us embark on the tradition of setting New Year's resolutions. Whether it's hitting the gym, learning a new skill, or finally tackling that reading list, resolutions are a way to usher in the year with optimism and a commitment to self-improvement. However, there's one resolution that often gets overlooked amid personal goals: cybersecurity. In the digital age, protecting your business from cyber threats should be at the top of your resolution list. Let's explore why and how you should make cybersecurity a priority, and why waiting until the new year might not be the best strategy.
Jan 4, 2024
Hidden Treasure: Why Regular Inventory Counts Matter for Your Restaurant’s Bottom Line
Running a successful restaurant is no easy task. Every element must come together exactly right, from recipes to staff to finances. However, one often overlooked part is inventory management. You might be thinking, "Does it really matter if I count inventory at my restaurant?" The short answer: absolutely. Let's delve into the details of why keeping a close eye on your inventory is not just a chore but a crucial aspect of running a successful restaurant.
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