My Business Has a Credit Score?

What is business credit? 

When’s the last time you checked your business credit score? If you’ve never checked it before, you’re not alone – nearly half of small business owners don’t even know they have one. 

Like personal credit, business credit is used to determine a business’ borrowing and lending abilities. It’ll be checked when you apply for business loans or when other companies want to ensure you are financially reliable before doing business with you. 

Small business owners often make the mistake of assuming business credit is the same as personal credit. But, without understanding the key differences between the two, you could be putting your business’ overall security and reputation at risk.  Continue reading

File Taxes Early to Avoid Tax Fraud and Identity Theft

Get Ahead of Tax Fraud and Identity Theft 

Filing your taxes can be a pain, but dealing with tax fraud and identity theft can be even worse. As we scramble to compile our W-2s and file our returns by the April deadline, we often forget that tax season is also considered open season for identity thieves. 

Many of last year’s large-scale data breaches (like Equifax and Alteryx) have already given identity thieves a leg-up in the tax fraud and identity theft game. These breach events exposed a multitude of personal and financial information that experts predict will be used to fraudulently file tax returns this year. 

Fraudsters also effectively cover their bases by using a variety of tax-related scams that play on a victim’s fears. Scammers hope they can convince you to hand over personal and financial information to be used in other crimes. 

What should you look for? What can you do? Find all the answers to your tax crime-related questions concerning your personal information, the scams targeting you and best tax-filing practices.     Continue reading