Author Archives: Peter D

Five Tips For Protecting Your Business From Fraud

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In today’s world, technology has made it easy to conduct business around the world. However, it has also made it much easier for criminals to commit fraud against businesses. With small businesses losing $150,000 annually due to fraud, the problem is getting bigger each year.

As a result, more businesses are turning their attention to finding ways to prevent fraud. Whether it’s credit card fraud by a customer or theft by an employee, there are many ways businesses can reduce or eliminate fraud being committed against them. Continue reading

Five Tips For Safely Spending In Retirement

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Just about everyone from financial gurus to employers to the government will encourage workers to sock away a portion of their hard-earned cash each pay period for retirement.

While there are some studies that indicate quite clearly that many have either been unwilling or unable to do so, there are other Americans who have been able to save a nice nest egg for their golden years. Recommendations on how to spend down this stash of cash are a bit less common. Here are some tips that can help you ensure that you do not run out of cash in retirement. Continue reading

The Beginner’s Guide To The Stock Market

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You may have heard of the Dow or even know what a stock is. However, do you know what it means to invest in the stock market?

While this may surprise you, you may already be invested in the market if you have a 401k or have company stock options or some other ownership stake. What should you know about the market before you start investing to help you make better decisions? Continue reading

Five Options For Financing Your Startup

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Starting a new business is both exciting and challenging, and It can also be overwhelming trying to come up with financing to get the venture off the ground.

Where should you turn for the help that you need to get going?

Business Loan

Taking out a loan from a bank or a credit union is the most traditional route for obtaining funding. While banks are sometimes the source of Small Business Administration (SBA) loans, the conventional loans that banks handle may be a better option in some cases.

For starters, SBA loans are backed by the government, which means there are often stringent terms attached to the loan. Without government involvement approval time is usually faster. Continue reading

When Is It Time To Hire A Tax Professional?

Here is my second stock photo attempt, just in time for tax season.  This one didn't require any expensive props either  but I did have to use my son's glue stick to hold the sheets together. Feel free to use this image, just link to www.SeniorLiving.Org

Here is my second stock photo attempt, just in time for tax season. This one didn’t require any expensive props either but I did have to use my son’s glue stick to hold the sheets together. Feel free to use this image, just link to www.SeniorLiving.Org

Filing taxes can strike fear into the heart of even the bravest people. After all, no one wants to come under the scrutiny of the Internal Revenue Service or be flagged for an audit.

When income is low and taxes are simple, preparing your own return with the help of tax preparation software is relatively straightforward and the risks of being chosen for audit is usually very minimal. However, there are many cases, even when your annual income is low, that hiring a tax professional to prepare your tax returns is a much smarter and safer option. Continue reading

What To Look For In A Potential Accountant

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As your business starts to grow and expand, you might consider hiring an accountant. Depending on how badly you need one, you might be tempted to hire the first or second one you come across. However, this could be a critical mistake. Accountants play a vital role in your business, and any mistakes could be devastating.

Accounting mistakes could result in lost profits or legal trouble. Thus, it is important to ensure your potential accountant is reliable and dependable.  Be sure to check their education, work history, and references. Continue reading

Five Seemingly Small Slip-Ups That Can Sink Your Business Before It Gets Going

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Every business, no matter how big or small, comes with its own set of considerations. From management to finances, employees to inventory, there are many things to worry about on a daily basis.

That’s why you don’t want to gamble your chance for success on the smallest possible pitfall. Every year, thousands of new businesses fail because of tiny missteps that could easily be prevented.

Missteps such as… Continue reading

Where To Put Your Money When You Don’t Trust Banks

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It may seem strange to even contemplate placing your money anywhere besides the bank, where most of our paychecks are automatically deposited anyway.

But there are actually a lot of places that money can be stored that can help your or your loved ones – either at the drop of a hat or in the future.

Some of the ideas here my seem a bit unconventional, and obviously they come with their own risks, so be sure to consider all of your options carefully before proceeding. Continue reading