Tax Season Security Threats You Need to Know

Tax Season Security Threats You Need to Know

The third annual National Tax Security Awareness campaign started yesterday. Through December 7, it will highlight a daily security topic and mark the launch of a special @IRSTaxSecurity Twitter handle that will keep you aware of emerging threats throughout the 2019 tax filing season. For almost two decades, Altima Business Solutions has been designing, implementing and safely maintaining financial management systems for small businesses. We understand these threats! Here are some basic steps to protect yourself: Secure your networks It’s critical that you secure your network, both electronically and physically. Unless you are an expert, make sure to consult with one. Don’t know anyone? We can recommend these two locally owned firms: Refresh IT PCIT Technology Solutions   Understand security rules and follow them Phishing emails: Phishing emails account for such a large portion of cyber attacks, 90 to 95 percent per IRONSCALES’ 2017 Email Security Report, because companies fail to teach employees about the danger: Do not provide password or any other personal information. Reputable institutions do not ask for it via email. They use secure messaging. Do not open any attachment from an unknown source. Do not click on any embedded buttons or links, especially those that say “unsubscribe” or “remove me from this mailing list.” Instead, block the sender. If in doubt, call the sender. Password: According to the 2017 Verizon Data Breach Investigations Report, “81% of hacking-related breaches leveraged either stolen and/or weak passwords.” Use long and unique passwords Issue guidelines for your employees Vary your passwords to make it tougher for cybercriminals to use credentials stolen from one site to access your data on...
Does Your Accounting Make You Money? If Not, Here is What to Do.

Does Your Accounting Make You Money? If Not, Here is What to Do.

Think of your business as being a big bucket. As you go along, you fill that bucket with everything you learn about your value proposition, your customers, employees, finances, and operations. At some point you may realize that you expend more energies and resources than necessary to progress. Your bucket is leaking! But where is it leaking from? Truthful financial statements will invariably identify the culprit. For almost two decades, we’ve been designing, implementing and maintaining financial management systems for startups, small and medium-sized businesses. Over and over, we have found that there are four core contributors to your leaking bucket: Accounting Operations Sales Cash Flow The first step is to learn how to understand your financial statements. Our expert CFO in residence wrote this educational piece for you: “How do Financial Statements Help Decision-Making”. In this article, we will examine how your accounting could be leaking and how to fix it. The Symptoms Here are some of the most common signs that your books are not as accurate as they should be: You are not staying on top of recording There are many line items on your P&L There is a large suspense account There is no breakdown of cost per goods, service or project You write off everything You are mingling personal and business accounts As an owner, you are not on payroll Cash seems to disappear   The Cure Have a professional general accountant or controller set up your books for your bookkeeper to follow. We all have a friend or acquaintance that want to help or maybe we can just do it ourselves. This is...
For These Young Entrepreneurs, Silicon Valley Is, Like, Lame

For These Young Entrepreneurs, Silicon Valley Is, Like, Lame

For These Young Entrepreneurs, Silicon Valley Is, Like, Lame A trip to Silicon Valley is something of a rite for ambitious Chinese startups and investors looking for inspiration in global tech’s mecca of innovation. But a visit last week failed to impress. Silicon Valley’s allure is...
Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others

Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others

Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others What are the top tech trends that will impact marketing in 2018? To find out, I turned to experts in the industry–from CEOs to Chief Technology Officers to a Chief Video Officer and Chief Application Architect. What follows are prognostications regarding the tech trends that will matter most...
These To-Do List Methods Will Help You Finally Get Organized

These To-Do List Methods Will Help You Finally Get Organized

These To-Do List Methods Will Help You Finally Get Organized For as long as I can remember, I’ve always been on a mission to create the perfect to-do list. I’ve tested multiple apps from Evernote, Any.do, to Wunderlist. I’ve used physical and digital post-its. Earlier this year, I even attempted to keep a bullet...