Tag: small business owners

Two new relief programs open to Michigan small businesses hurt by pandemic

The state of Michigan has authorized a $58.5 million grant program for businesses hurt by the 2020 pandemic, split into two separate programs: Michigan Small Business Survival Grant Program, a $55 million program with grants of up to $20,000 to help...

Unusual Payroll Trap: 53 weeks in 2020

Small business owners should beware of an unusual feature of the year 2020 that could cause a snafu in small business payroll systems. This year, New Year's Day fell on a Wednesday, and it is also a leap year, giving...

10 ways small businesses can avoid fraud

As most of us know, small and mid-sized businesses are more vulnerable to fraud than larger organizations, and the effects can be much more damaging. To keep your business one step ahead, follow these ten tips to avoid business and...

ShindelRock’s Karla Harrington featured on podcast “The Freelance Hustle”

Listen to the latest episode of "The Freelance Hustle", where ShindelRock Manager Karla Harrington guides listeners through choosing between different corporate entity structures; picking the right tax and accounting advisor for your needs (and how much it costs!); if your...

How small business owners can save on college

Small business owners with college-bound children can save thousands of dollars a year if they plan ahead and adopt a few simple strategies. While it's best to plan when children are young, even some last-minute tips can cut parents' costs....

Report finds fraud hits small businesses harder

According to the recently released 2018 Report to the Nations on Occupational Fraud and Abuse, occupational fraud continues to drain a significant amount of money from businesses worldwide, with smaller organizations being hit particularly hard. The Journal of Accountancy recently...

Fraud controls may be lacking at smaller organizations

Organizations with fewer than 100 employees significantly trail their larger counterparts in the implementation of formal antifraud controls, according to a worldwide survey by the Association of Certified Fraud Examiners (ACFE). The industries most commonly victimized by fraud are banking...

Are your business assets vulnerable to theft?

The United States Trustee ("UST") encourages every chapter 11 small business owner to think about whether assets essential to the business are protected against theft or fraud. The potential for employee dishonestly, the most common type of business theft, increases...

Oct. 1 Affordable Care Act (ACA) Deadline Looms for Small Business Owners

The online health insurance exchanges created by the Affordable Care Act will open for business on Oct. 1--two weeks from now. And while employers with 50 or fewer full-time employees are not required to offer health insurance coverage under the...