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. 

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.

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.

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. 

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.

In our fast-paced digital world, the Bring Your Own Device (BYOD) movement has transformed from a growing trend to an essential part of modern workplaces. Understanding and effectively managing BYOD is crucial. But what does this mean for your business, and how can you balance the benefits with the inherent risks?

Betting on sports, especially around big events like the Super Bowl, college football rivalries, or college basketball's March Madness tournament, has become a staple in many workplaces, including not-for-profits. They're seen as a fun way to engage employees and foster a sense of community. They’ve even been used as a fundraiser for some organizations – and you may be considering this approach for your organization. However, before you agree to this creative fundraising approach, you should know that beneath the surface of these seemingly harmless activities, there are potential risks that nonprofit organizations need to know.

In the age of one-click purchases and next-day deliveries, online shopping has become more than just a convenience—it's a way of life. Yet, as we fill our online carts with holiday gifts and everyday essentials, it's crucial to remember that cyberspace is also a playground for savvy cybercriminals.

Market volatility – two words that can either elicit feelings of fear or opportunity depending on who you ask. It's the natural ebb and flow of the investment world. For some, these tumultuous times feel like riding a roller coaster blindfolded, not knowing when the next turn or drop will come. For others, it's a chance to seize new opportunities and redefine success.

Running a business is no small feat. Doing so during uncertain economic times compounds the challenge exponentially. While bringing value to your community and doing what you love is incredibly rewarding, it does not eliminate the stress and risk that comes with running a business. As business owners, we must be proactive in developing strategies to mitigate these risks to protect our livelihoods.