News (1763)
Defense Department Adds Cyber Certificate
Contractors will soon have to get cyber certified to do business with the Defense Department. But there's early concern that the Cybersecurity Maturity Model Certification framework would block DOD's efforts to leverage startups.
Read more...Data Breach Can Kill Small Business
Data breaches hurt small business, reports Tech Republic. A new survey finds that 30% of those surveyed would not use a business that had been affected by a breach.
Data breaches can affect any type of business – large, medium, and small. Larger enterprises usually have the money, resources, expertise, and customer base to help them recover from a breach.
Read more...Payroll Company Makes Off With Money
New York based MyPayrollHR has been accused of diverting small business employee direct deposits into its own bank account, reports Fox News.
The FBI and the New York State Department of Labor confirmed this week they are investigating allegations that a widely-used payroll company diverted nearly $35 million in employee pay to its own bank account before abruptly closing up shop, leaving more than 250,000 employees across the country without paychecks.
Read more...Surf Accounts makes waves into U.S. Market
Surf Accounts is a cloud-based bookkeeping solution built by CPAs and bookkeepers to automate 90 percent of their bookkeeping tasks. The subscription-based platform (as low as $5.95 a month) offers a wide range of features as standard including unlimited transactions, Bank Statement OCR, 1099s, Inventory, CRM & much more. Surf Accounts recently opened offices in both New York and Los Angeles and will be exhibiting at Accountex 2019 to officially launch into the U.S. market. The solution will help CPAs and bookkeepers experience the same benefits that has seen firms in Ireland and the UK thrive with the adoption of Surf Accounts.
Read more...Protect Your Business From Cyber Threats
A cyber attack can cripple a small business, which is why they need to take steps to protect themselves, reports Tech Republic.
Cybersecurity attacks can cripple small businesses that aren't prepared.
Read more...Tariffs Will Hurt Small Business
According to CNN Business, the National Retail Federation is predicting that increased tariffs will directly impact small businesses.
The ongoing trade war between the United States and China has put many of America's small business owners on edge.
Some entrepreneurs say each new round of tariffs imposed in the growing feud makes it even more difficult to manage their businesses and their relationships with customers.
Read more...Easy Reorganization Under Chap 11
The Small Business Reorganization Plan of 2019 will make it easier for small businesses to file reorganization plans under Chapter 11, reports the Guardian.
With the economy relatively strong and most small businesses doing pretty well, this may not seem like the most opportune time to be thinking of bankruptcy.
Read more...Preparing for a Recession
There are steps a small business can take to prepare for a recession, reports USA Today. Trade wars. Inverted yield curves. Falling stock markets.
While there's no certainty the U.S. is headed toward recession, there are enough storm clouds on the horizon to make investors and everyday consumers nervous
Read more...Uncertain About Funding Small Business
A new survey finds that older adults are not certain how they would go about funding a new business venture, reports Yahoo Finance.
Results from a recent survey revealed that a generation gap exists when it comes to knowing where to obtain funding for a small business. The National Foundation for Credit Counseling® (NFCC®) survey, conducted online by The Harris Poll in March 2019 among 2,086 U.S. adults ages 18 and older, revealed that over one in three (35%) are not at all sure how they would come up with the money if they were looking to finance a new business
Read more...Consumers Aren't Worried About Recession
According to Small Business Trends, the Money Anxiety Index shows that consumers aren’t concerned about the economy, despite rumors of an upcoming recession.
The U.S. economy is driven by consumer spending, which makes up close to 70% of the Gross Domestic Product (GDP). Even though the economic indicators are solid at the moment, the slightest apprehension by a small number of consumers can dramatically change the economic outlook
Read more...
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