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Will Californians Be Hit With a New Billions Tax?

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A move by a state pension fund to make up for a shortfall has implications for residents and all small-business owners. Will Californians Be Hit With a New Billions Tax? The California Public Employees’ Retirement System (CALPERS) is the pension fund for the state’s municipal workers. It is one of the largest pension funds in the world, with over $250 billion under management, and it has great influence across other pensions in the country. CALPERS, like many other state pensions and just like … [Read more...]

Pistas para detectar a un estafador financiero

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Si alguien cae víctima de un fraude financiero, la mayoría de personas asume que esto se debe a una falta de educación financiera. Sin embargo, un estudio copatrocinado por FINRA determinó que las víctimas de un estafador financiero (fraude financiero)  tienden a tener buenos conocimientos en finanzas. Estas víctimas sí carecían de educación, pero en el arte de la persuasión. Cada año, miles de millones de dólares son transferidos de las víctimas a los estafadores al creer en promesas de … [Read more...]

The Elderwood Gang Is Using You to Steal Intellectual Property

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Hackers have found small businesses to be the perfect gateway to committing crime and steal intellectual property against big companies. The Internet is becoming a very dangerous place to do business and small companies are the most vulnerable. Leading security corporation Symantec released its 2013 Internet Security Threat Report recently and the results are chilling. The number of targeted cyber attacks rose 42 percent last year. There are now nearly 120 such attacks every day around the … [Read more...]

Why Gold Prices Fell The Most In 30 Years on Monday

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Gold prices fell 10 percent in just two days as investors decide that the economy may be...improving. Over the past two trading days, gold futures prices plummeted over $200 per ounce, the largest dollar-based drop since trading began in the U.S. in 1974. On percentage terms, prices fell almost 10 percent, a 30-year record in itself. Gold is considered a safe haven investment where people and institutions park their capital when economic conditions are unstable. Gold has also been a way to … [Read more...]

How This Budget Change for 2014 Could Impact Your Business

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How does a free loan to hire employees sound? This credit can give you that. Budget Change for 2014 Could Impact Your Business The President’s Fiscal Year 2014 budget proposal is being digested by analysts and economists to understand its potential impact on the economy. Small businesses play an important role in the budget, which features a provision to help stimulate hiring and pay increases for companies with less than $20 million on payroll during 2012. This Budget Change for 2014 … [Read more...]

Cash Deposits Lead to Money Laundering Charges for Small-Business Owners

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Consistently making cash deposits just under $10,000 could lead to money laundering charges for small-business. Randy and Karen Sowers are living every small-business owner's worst nightmare. The couple owns the successful South Mountain Creamery which produces and delivers farm fresh, all natural and sustainable dairy products in rural Maryland. The Sowers do significant sales at farmers' markets, where customers usually pay in cash. In 2011 and 2012, they earned around $300,000 in sales from … [Read more...]

Los bancos que más dinero regalan cuando abres una cuenta

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Promociones Bancarias Después de la recesión y crisis financiera del 2008, muchos bancos quedaron en la quiebra o con márgenes de utilidades muy limitados. Por esta razón, hoy existe una competencia muy agresiva entre las distintas instituciones financieras por captar nuevos clientes. Esto sin dudas beneficia al consumidor ya que se traduce en mejores ofertas, tasas, servicios gratuitos e incluso dinero gratis por abrir nuevas cuentas. Si estás pensando en abrir una nueva cuenta es muy útil … [Read more...]

The Two Most Important Days in April, tax returns are due April 15th

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Everyone knows there tax returns are due April 15th. But did you know there are other tax deadlines this month? Eva Rosenberg at MarketWatch brings up a great point—everyone thinks that April is tax month because returns are due on the fifteenth. While that's true, it's only one of the several tax return deadlines that affect small-business owners over the course of the month. By focusing exclusively one date, you run the risk of missing other important deadlines. If April wasn't busy enough … [Read more...]

The IRS has started using Facebook and Twitter to see if tax returns match lifestyles.

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Tax Faux Pas: Why You Should Think Twice Before Instagramming Your New Mercedes. The IRS has started using Facebook and Twitter to see if tax returns match lifestyles. The difference between what the Internal Revenue Service believes taxpayers owe and what they actually pay is referred to as the tax gap. Given the strained financial position of the U.S. Federal Government, the agency is now turning to a new resource to make it more difficult for taxpayers to perpetuate this fraud. It is … [Read more...]

The SBA’s sequester-related cuts will reduce loan guarantees for small businesses

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Does The SBA Have A Sequestration Contingency Plan? The SBA's sequester-related cuts will reduce loan guarantees for small businesses. What's their contingency plan? While the sequestration-related budget cuts are no longer front-page news, their impact is only just beginning. One of the agencies that has been impacted is the Small Business Administration, which uses a significant portion of its budget to secure small-business loans. It is very likely that cuts from the sequester will reduce … [Read more...]