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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

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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.

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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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