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Managing Your Business
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Protecting Against Theft
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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.
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Set the Right Priorities in Obtaining Business Insurance
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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.
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IRS Audit Anxiety? Know Your Taxpayer Rights
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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.
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