How small start-ups can level the playing field against established competitors

Starting a small business is both exciting and daunting. While the entrepreneurial spirit may drive you to take the leap of faith, the reality is that you may be entering a market that has already attracted some large competitors. It can be intimidating to think about competing against larger, more established competitors, but it’s not impossible. Here are some steps you can take to help your small business take on…  Read more

Business Update – 6 Sept 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates? One after another, economists have postponed or reversed their earlier forecasts for a U.S. recession. Optimism that the Fed will pull off a difficult “soft landing” — in which it would manage to reduce inflation to…  Read more

Cybersecurity Best Practices for Small and Medium-Sized Businesses

Cybersecurity Best Practices for Small and Medium-Sized Businesses In our digital age, cybersecurity is a crucial aspect of running any business. Cybersecurity breaches could lead to not only data theft but also reputational and financial loss. Hence, it’s imperative to establish robust cybersecurity measures to protect your business and customers’ sensitive information. Here are some cybersecurity practices that could help safeguard your online presence. 1. Invest in Security Software: One…  Read more

Business Update – 30 August 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said. Powell noted that the economy has been growing faster than expected and that consumers have kept…  Read more

How to safeguard your business from employee expense fraud

As a small business owner, you always look to keep your business running efficiently. Expense reimbursement fraud is the last thing you want to face. Not only can it hurt your bottom line, but it can also damage your company’s reputation. Here we discuss what is employee expense fraud, reasons behind it, and most importantly, how to prevent it from happening to your business. What is expense fraud? Expense fraud…  Read more

Business Update – 23 August 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Mortgage rates are at a 21-year high. Here’s what that means for you. Mortgage rates hit a 21-year high this week, a milestone that makes home buying a much more expensive prospect for those who are interested in doing so. According to Freddie Mac, the rate for a 30-year fixed-rate mortgage…  Read more

Maximizing Profits: A Guide to Helping Real Estate Agents Save on Taxes

In the competitive world of real estate, every dollar counts. As a real estate agent, you work tirelessly to close deals, secure listings, and provide top-notch service to your clients. But are you doing everything you can to optimize your finances and save on taxes? In this blog post, we’ll explore valuable strategies and tips that can help real estate agents based in the United States save significant money on…  Read more

Business Update – August 16, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. If the US economy is so good, why are small business owners so pessimistic? There are 33m small businesses in the US, with about 6m of them employer-owned. Each of these people has their own reasons for feeling less confident about the economy. According to the most recent monthly…  Read more

Are you feeling the squeeze?

It seems like the perfect storm has hit, with rising interest rates and inflation soaring. As a result, households are dealing with higher borrowing costs, leaving them with less disposable income to spend. And that means businesses are feeling the pinch. To make matters worse, staff shortages are adding to the pressure. Retail sales decline affects all businesses. Almost every sector is experiencing a downturn. Building companies, property companies, retailers,…  Read more

Business Update – 9 August 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why did the US credit rating just get dinged? On August 1, the Fitch Ratings agency downgraded the United States’ long-term credit rating from AAA to AA+ for only the second time in the nation’s history, in what’s generally seen as a signal of concern about the US’s creditworthiness.…  Read more

The Essential Role of Professional Advisory Services in Launching Your New Business

Starting a new business is an exhilarating journey, marked by the promise of innovation, growth, and success. However, the path to achieving these goals is often fraught with challenges and uncertainties. That’s where professional advisory services come into play. In the competitive landscape of the United States, seeking guidance from seasoned experts can be the difference between a thriving business and one that struggles to stay afloat. In this blog,…  Read more

Business Update – 02 August 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why the Federal Reserve has made everything more expensive to make things less expensive A little bit of science and a little bit of art go into slowing down the behemoth that is the U.S. economy. It seems like a contradiction: How would increasing the cost of monthly credit…  Read more

Adapting your small business to a slower economy – tips and advice

It’s hard to go a day without reading something in the news about the state of the economy. Whether it’s interest rates rising or the cost of living, there’s no getting around the fact that in 2023 there are many doing it tougher than a few years ago. But while there are some economic challenges for individuals and businesses, it’s important to not go too far down the rabbit hole.…  Read more

Business Update – 26 July 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. UPS workers poised for biggest strike in 60 years Thousands of part-time employees at UPS are pushing for higher pay as the Teamsters union, which represents 340,000 UPS workers, and the delivery giant resume contract negotiations next week. If no deal is reached by July 31, the union has…  Read more

Demystifying US Taxation: What You Need to Know

Understanding the intricacies of the United States taxation system is essential for individuals, businesses, and even non-residents with financial interests in the country. With its complex rules, regulations, and annual changes, navigating the US tax landscape can be challenging. In this blog, we will provide a comprehensive overview of what you need to know about US taxation, covering key concepts, filing requirements, deductions, and recent updates. Tax Residency: Determining your…  Read more

Business Update – 19 July 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Senate to hold classified briefing on Artificial Intelligence and National Security Senate Majority Leader Chuck Schumer has invited all 100 senators to a classified briefing on artificial intelligence (AI) and its impact on global and national security Firefighters are leaving the U.S. Forest Service for better pay and benefits…  Read more

Smart Strategies to Reduce Income Taxes in the US

Income taxes are a significant part of our financial lives, and finding ways to legally minimize the amount we owe can have a substantial impact on our overall financial well-being. While tax laws can be complex, understanding and implementing various strategies can help you optimize your tax situation. In this blog post, we’ll explore some smart strategies to reduce income taxes in the United States. Take Advantage of Tax-Advantaged Retirement…  Read more

Business Update – 12 July, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS warns of new scam involving unclaimed refunds The Internal Revenue Service and its Security Summit partners are cautioning taxpayers and tax professionals to beware of a new scam in which fraudsters are sending out cardboard envelopes from a delivery service asking people to send photos and bank account…  Read more

How to Keep More of Your Hard-Earned Money: A Guide to Reducing Income Taxes in the US

As an American taxpayer, you work hard to earn your money, and you want to keep as much of it as possible. However, navigating the complex world of income tax can be overwhelming, and it’s easy to miss out on deductions and credits that could reduce your tax liability. In this guide, we’ll explore the basics of income tax in the US, as well as strategies for maximizing deductions and…  Read more

Business Update – 5 July 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Federal Reserve Board releases results of annual bank stress test The Federal Reserve Board on Wednesday released the results of its annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a…  Read more

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