Business Insights

7 Ways to Prevent Data Breaches

7 Ways to Prevent Data Breaches

Cyber security is on everyone’s mind these days. And it should definitely be on the mind of every business owner.  With as many as one in four businesses suffering a data breach, and nearly 50 % of all American adults having been affected by data breaches, it is a critical issue. Data breaches cost our economy $100 billion each year. For a small business owner, each comprised customer record can cost upwards of $200, and countless more in lost trust. While the number and scope of data breaches continue to... Read More

3 Types of Business Insurance Every Company Needs

3 Types of Business Insurance Every Company Needs

Business Insurance is an essential expense for every company. But how much insurance and which types does your company need? The best way to make sure your business is properly insured is to meet with your insurance agent. But to get you started, here are three types of business insurance every company needs. Property Insurance Business Property Insurance protects business structures and their contents against loss due to fire, theft or certain other disasters. Whether you own your business buildings or lease them, you need to make sure that they... Read More

7 Most Overlooked Tax Deductions

7 Most Overlooked Tax Deductions

Are you finishing up your income taxes—and wishing you had more deductions? You may be in luck. Many tax deductions go overlooked every year by taxpayers who have no idea they exist. Here are seven of the most overlooked tax deductions. Can you use any of them this year?   Student-Loan Interest Paid by Your Parents As a rule, you can deduct interest only if you are the one legally required to repay the debt. But student loans are different. If your parents pay back your student loans, the IRS... Read More

Five Ways to Increase Productivity

Five Ways to Increase Productivity

Would you like to get more done every day? Engage more prospects? Close more sales? Make more money? Of course, you would—who doesn’t want to be more successful? Here are five ways to increase your productivity—and become more successful. Know Your Goals When you start work in the morning, do you know what you’re going to do that day and how you’re going to do it? If you don’t have a plan and a goal, how will you know when you’ve reached it? Take a little time at the beginning of... Read More

Five Things You Need to Know About Small Business Insurance

Five Things You Need to Know About Small Business Insurance

Every business should be insured, but as a small-business owner the maze of insurance coverages, policies and carriers can be confusing and overwhelming. While it is good to talk with your fellow entrepreneurs, the best place to get insurance information is from an independent insurance agent who specializes in business insurance. Business insurance agents are familiar with a wide range of business needs, can help you understand the different business insurance coverages and will help you determine which type of business insurance is best for your company. Here are five... Read More

8 questions for small businesses considering subsidies

If you’re a small business, would you qualify for the tax credit available under the Patient Protection and Affordable Care Act? You bet you would. Here’s a small business health care tax credit Q&A from the IRS, with a little extra tossed in by the editors at BenefitsPro.com, that should help: Q. Who is eligible? A. Assuming you contribute 50 percent or more toward employees’ self-only health insurance premiums, a qualified employer must: have fewer than 25 full-time employees or a combination of full-time and part-time (for example, two half-time... Read More

New Small Business Tax Credits

The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. The Patient Protection and Affordable Care Act, was passed by Congress and was signed by President Obama on March 23, 2010. Source: IRS.gov, updated March 31, 2010. Starting in 2010, up to 4 million small businesses that offer healthcare coverage to their employees may be eligible for a tax credit. Fill in the amounts below to find out what your tax credit... Read More