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Managing Your Business

Protecting Against Theft
With the many tasks business owners must daily carry out just to keep the business running, security issues are apt to take a back seat in the owner's preoccupation. Yet security problems, including employee theft of trade secrets and other intellectual property, shoplifting and burglaries, among other threats, pose a serious, and growing, hazard to business profitability--and even to survival.

Set the Right Priorities in Obtaining Business Insurance
Many business owners, rushing to get their service or product launched, put off thinking about their business insurance needs until it's too late. Lacking adequate coverage, they may find themselves out of business altogether because of a fire, an auto accident, employee embezzlement or theft, or injuries suffered by a customer on their premises.

Collection Systems That Give You the Right Information--and Help You Collect on Time
The key to collecting on invoices in a timely way is in the title of this article: systems. A systematized collection process puts accounts receivable information at your fingertips. And customers learn that your invoices are a top priority if you can quickly reference their account when they call.

Collecting on Overdue Accounts--Using the Personal Touch to Speed Things Up
Overdue accounts can become a costly thorn in the side of small companies, especially if they add up to a few hundred dollars or more.

IRS Audit Anxiety? Know Your Taxpayer Rights
The recently amended Taxpayer Bill of Rights passed by Congress greatly expands the protections available to business owners and other taxpayers when undergoing an audit as part of an IRS claim that past taxes and penalties are owed. Most important, should you decide that you have a legitimate case for suing the government, to recoup legal expenses and damages, the proof burden has shifted from you to the IRS.



Small business services at NEBS