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ACCOUNTING MISTAKES
In the realm of accounting, vigilance is key. Businesses must avoid common pitfalls such as neglecting to track expenses, which can lead to inaccurate financial statements and missed tax deductions. Monitoring inventory levels ensures that capital isn’t tied up unnecessarily and that stock shortages don’t hinder sales. Accurate recording of sales or income is vital for financial analysis and tax reporting. Timeliness in filing taxes can prevent penalties and interest, safeguarding your business's financial
News Release: 3/13/2024
For the self-employed, tax time can be simplified with a few strategic moves. First, meticulously track and deduct all business-related expenses; these reduce your taxable income and can significantly lower your tax bill. Adopting the correct accounting methods, like cash or accrual, can further minimize your taxes, aligning with your cash flow and business model. Don't overlook home office deductions, which can be substantial for those who work from home. Remember to include health insurance premiums in
Winter Prep: Forecasting For The Colder Months
As winter sets in, businesses must adapt to the seasonal shifts to maintain financial stability. Forecasting revenue changes is crucial, allowing for a tailored budget that includes potential increases in operating costs due to colder weather. Ensuring robust cash flow is essential for covering year-end obligations and unexpected expenses. Additionally, incorporating holiday-related costs into the budget can prevent financial surprises, allowing businesses to celebrate the season without fiscal stress. This
Cost of Dental Cleaning in Brooklyn, NY
You can now receive a dental checkup and cleaning for only twenty-five dollars. Teeth cleaning is a prophylactic dental treatment performed to thoroughly clean the gums and teeth. Routine teeth cleanings are vital to prevent gingivitis and gum disease. Dental Cleanings are very effective in keeping the oral cavity in proper health and halting the progression of gum disease. The benefits include: Fresher breath. Halitosis or bad breath is generally an early sign of advancing periodontal disease. A
IT Security Tip #11: You’ve been HACKED! What’s the first thing you should do?
IT Security Tip #11: You’ve been HACKED! What’s the first thing you should do?No matter how diligent you are about security, there’s always a chance you can get hacked. To limit potential damage and to protect your CLIENTS, prospects and vendors you need to put a disaster recovery plan in place NOW.But what should you do as soon as you find out you’ve been hacked? First, contact your IT department (us) IMMEDIATELY. The faster the attack can be addressed – and the extent of the damage to data, applications
IT Security Tip: Lie, lie, lie!
IT Security Tip: Lie, lie, lie! Social engineering is big business. But what is it? The definition of Social Engineering is, figuring out who you are, what you are about, how you operate, what your preferences are, and then using that information against you to make money off it. We've all seen them, maybe you’ve even done them yourself, viral social media quizzes. Innocent though they may seem, they often ask for more information than necessary to complete the game. Maiden name? Check. Favorite pet?
IT Security Tip #9: Don’t take the bait: How you can spot a phish.
IT Security Tip #9: Don’t take the bait: How you can spot a phish. “Phishing” is a tech industry term for a kind of cybercrime where people try to fool other people into sending them money or revealing personal information online. The name comes from the idea of fishing: scammers send a message that acts as bait, hoping to “hook” someone. The good news is that you have the power to throw these phish back! Let’s take a minute and talk about spotting a phish: 1. Emails Demanding Urgent Action Emails
IT Security Tip #7: Did you know that your copier is spying on you…
IT Security Tip #7: Did you know that your copier is spying on you… Modern business equipment has radically changed how we conduct everyday business. But do you realize that copiers and multifunction printers are also one of the leading causes of data breaches? They are the one device on the network that commonly does not ever have the default password changed. After all, who would want to get in and copy your settings? There might be a different answer if you realize that quite often those copiers keep
IT Security Tip #6: Why is it so important to have unique passwords for all your online accounts?
IT Security Tip #6: Why is it so important to have unique passwords for all your online accounts?A complex password is a necessity in the current age of cyberthreats, data breaches and other security incidents. But it is hard to keep the seemingly hundreds of passwords, one for each of the accounts you own, straight, secure and different. Wait, what’s that? All of your passwords aren’t different? Why is having different passwords so important? When an online retailer, or a website, gets hacked,
IT Security Tip #5: Why you should never use PERSONAL devices to connect to COMPANY data
IT Security Tip #5: Why you should never use PERSONAL devices to connect to COMPANY data You’re a hardworking team player who likes to check e-mail and get a few things done after hours – all good! But here’s something you might not know: you should never access company data, file servers or applications through personal devices and home PCs that are not properly monitored by an IT provider. Why? If you and your kids are using a home PC to play games, download cheat codes, access Facebook and surf the
IT Security Tip #3: How to spot a phishing e-mail
IT Security Tip #3: How to spot a phishing e-mail A phishing e-mail is a bogus e-mail that is carefully designed to look like a legitimate request (or attached file) from a site you trust in an effort to get you to willingly give up your login information to a particular website or to click and download a virus. Often these e-mails look 100% legitimate and show as a message from companies like UPS or FedEx, a major bank, Facebook, etc. What makes them so dangerous is that they LOOK exactly like a
