Why Your Business Needs a Fraud Risk Assessment

One in four small business owners fall victim to fraud each year. To lessen your chances, consider conducting a fraud risk assessment. This way you can identify who might commit fraud either inside or outside of your company and determine which departments of your company are most vulnerable. While daily operations and meeting deadlines are … Continued →

Small Business Fraud Prevention

Preventing fraud might be last on your to-do list as a small business owner, but it deserves top billing. According to the Association of Certified Fraud Examiners (ACFE), businesses with fewer than 100 employees experienced a median fraud loss of $150,000 in 2016. That’s significant to your bottom line and to your culture at large. … Continued →

Year End Tax Planning: Disappearing Deductions

The Tax Cuts and Jobs Act (TCJA) introduced many favorable tax changes for businesses – everything from a drop in the corporate tax rate to a flat 21 percent to more substantial write-offs for business equipment. While these additions have certainly stolen the spotlight, taxpayers shouldn’t overlook the deductions that were eliminated as a result … Continued →

How Will Trade Tensions Affect Maryland Businesses?

The U.S. is in the midst of what some are calling a global trade war. Macroeconomic policies have far-reaching impacts to individual states and local economies, and many in Maryland have been considering the impact of tariffs and trade tensions on the state economy. It began with steel and aluminum. In March, the Trump Administration … Continued →

Tech Tips for Small Business Owners

Technology and business go hand-in-hand, but getting a solid grasp on the ever-evolving tech landscape can be difficult – especially for small business owners. With hundreds of tech innovations popping up every day, it can be difficult to flesh out which options are the best fit for your business and your budget. We rounded up … Continued →