Cybercrime Costs Big Dollars

According to CNBC, cybercriminals are targeting small businesses. The average cost of the attack to the small business is $200,000.

In an age of ongoing digital transformation, cybercrime has quickly become today’s fastest-growing form of criminal activity


Consider S-Corp Instead of C-Corp

Before becoming a C-corp or an LLC, small businesses might want to consider becoming an S-corp, reports CPA Practice Adviser. 

With all the decisions your clients are expected to make when starting a business, which legal structure to choose might not get as much consideration as it should.


Lending is Up for Small Business

Small businesses lending is up, reports Forbes. Big banks are approving 28% of all small businesses applications, while smaller banks are approving 50%. 

Approval rates for small business loan applications rose to another post-recession record (27.9%) at big banks ($10 billion+ in assets), while approval percentages also stayed above 50% at small banks in September, according to the latest Biz2Credit Small Business Lending Index™


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