Business owners and executives are typically tasked with maintaining a bird’s-eye view on both the organization’s current health and forecasted future health. It is from this perspective that critical decisions are made and the overall direction of the company is established. As 2018 comes to a close, time is of….
Tag: small business
From online stores to brick-and-mortar establishments, the holiday season is unfortunately a time where fraud tends to increase. For example, last year alone e-commerce CNP (card not present) fraud was up 22% during the holidays. So, business owners should be prepared for similar threats in 2018. In general, cyberattacks seem….
Ten years ago the economy hit a recession and businesses across countless industries suffered. While the hurting economy was apparent to all, one of the more discrete and surprising consequences came in the form of increased business fraud across many industries. A number of explanations can be attributed to this….
Companies across the globe are leaning more readily on regular business valuations, particularly in the sector of small and medium-sized enterprises (SMEs). Business valuations are conducted for a variety of reasons. Whether an organization is considering restructuring the business, dealing with relationship issues, looking into transactional retirement planning, or proactively….
In 2018 and moving forward, cyber risk is undoubtedly amongst your company’s most prominent threats. On top of the fact that cybercrimes are rising, the changing landscape of their nature makes combating these threats exceedingly challenging. In fact, strategies to protect against cyber threats are considerably different than they were….
In the United States, business valuation is an 8 billion dollar industry. Yes, you read that correctly. Whether a company is looking to sell or not, the ability to understand its value is imperative in a variety of capacities from acquisitions to internal restructuring, from retirement and succession planning to….
Attorneys across the globe turn to forensic accountants and their expertise to assist in their efforts as they navigate their clients’ legal disputes and potential litigation. Often called upon either before litigation or during litigation, forensic accountants are tasked with the role of lending their specialized understanding and knowledge of….
Business valuations have garnered the reputation of being primarily for large corporations looking to sell, mergers and acquisitions, or for start-ups seeking funding. The process of ascertaining the economic value of an organization is complex and often complicated, which can deter small business owners from taking it into consideration at….
Contrary to popular belief, the Internal Revenue Service (IRS) seldom audits taxpayers. In fact, only about 1 percent of all tax returns processed are subject to an IRS audit. However, it is interesting to note that historically wealthier individuals and the most successful of businesses are more likely to get….
Mark Twain once said, “I shall never use profanity except in discussing house rent and taxes.” Expletives aside, paying taxes is stressful to everybody, no matter what specific financial situation one might find themselves in. Almost always met with frustration, stress, and scrambling, tax filing season is something that everyone….