What to Do If You Receive a Letter from the Internal Revenue Service
For most people who do not work with the Internal Revenue Service (IRS) on a regular basis, when you receive a letter in the mail from the IRS, you may feel panicked. You might want to leave the letter unopened, or throw it away and never think about it again....
Active and Passive Businesses and the Proposed Tax Reform Bill
Welcome back, dear reader. I acknowledge that some time has passed since I’ve checked in. When things are too quiet here on the blog, that’s just the quiet before the storm. Oh, how the storm has come to the mental and physical plains inhabited by Brinen & Associates.
Small Businesses Need Continuity Plans, Too
Given the goings-on since our last post, we need to discuss the importance of disaster preparedness for small businesses. According to FEMA.gov, almost 40 percent of small businesses never reopen following a disaster because just a few inches of water can cause tens of thousands of dollars in damage. I find that unacceptable, especially because it can be prevented in many cases.
Why Cyber Security Insurance May Be Necessary For Small Businesses
Small businesses, like yours and mine, might be in an attacker’s sights. This is a solid reason to transfer cyber risk through insurance. It may mean purchasing a standalone cyber liability policy or amending your company’s existing policy to include cyber coverage.
Knowing When To Double Down
There are times when owners and operators must acknowledge the signs, stand up and take a step back for themselves.
Revisiting Roots In Tight Quarters
In our last post we discussed how to manage your business when you’re displaced. That caught us up to the present; Brinen & Associates is still in a temporary work space. We’ve right-sized our office, for now, and it’s forced me to reevaluate things and ask myself a question that all business owners should consider: