OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Why Small Business Owners Are Staying Away From Obamacare Exchanges
January 22, 2014 by OSYB Staff
It seems that many small businesses are not signing up for SHOPS. The government claims that 2.2 million people signed up, but the numbers do not add up. Business owners are finding that their costs will be lower but deductibles to their employees will be higher. Read more here.
Security Expert: Business Owners Should Never Bank Online
January 21, 2014 by OSYB Staff
Security expert blogger, Brian Krebs, who broke the story of the Target and Neiman Marcus data breaches says that small businesses should not use online banking. He claims he does his personal banking online because his risk is minimal as long as he notifies the bank in a timely manner. But business accounts do not […]
The Real Reason Small Businesses Fail and Succeed – Part 1
January 19, 2014 by OSYB Staff
Launching a small business is risky and chances at it being built successful is very low. The Small Business Administration says over 50% of small businesses fail in the first year, and 95% close within five years. Most articles tell you these stats but they do not explain why they fail. Read here for the […]
How to Connect With Your Customers
January 18, 2014 by OSYB Staff
Connecting with your customers is a huge reason for making a company great. There are things that will make that connection very strong. Connecting on an emotional level is hugely important and means that your customers are 300% more likely to recommend your company to others. Even better they are 44% less likely to shop […]
New Standard for Revenue Recognition is Coming
January 18, 2014 by OSYB Staff
A new standard for revenue recognition is going to be here soon. A single, principles-based standard is what is being toted. It will update revenue recognition under the FASB and the International Accounting Standards Board. It will impact any entities using GAAP or IFRS. If you would like more information read here.
AN ETHICAL, AND PERHAPS LEGAL, DILEMMA
January 17, 2014 by OSYB Staff
With the added “Obamacare penalty” being added to the individual tax return, this causes a dilemma for tax preparers. First of all it is a very complex and frustrating calculation that involves more than one calculation and many variables. Secondly it has nothing at all to do with your taxes. Read about this dilemma here.
Important January tax dates, deadlines
January 17, 2014 by OSYB Staff
Important January tax dates and deadlines that you should review and figure out which apply to you. The IRS is pretty adamant about deadlines and due dates. Many times you will be fined or charged late fees if you miss a certain date. No one wants to pay more to them. Dates here.
10 tax traps to watch out for in 2014
January 16, 2014 by OSYB Staff
Well it’s nearly time to file 2013 tax returns. But it is also time to think about taxes for 2014 and continue to tax plan throughout the year. For daily tax tips you can check out this article and follow along through the year. Today is about tax traps for 2014. Read more.
