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News

New Tariffs Worry Small Business

According to Fox Business, the latest tariffs impact items from Europe including wine, cheese & whiskey, worrying small business retailers ahead of the holiday season. 

A new round of tariffs took effect on Friday, but they have nothing to do with China or North Korea. These duties imposed by the United States are on products that many Americans enjoy.

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Cybercrime Costs Big Dollars

According to CNBC, cybercriminals are targeting small businesses. The average cost of the attack to the small business is $200,000.

In an age of ongoing digital transformation, cybercrime has quickly become today’s fastest-growing form of criminal activity

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Consider S-Corp Instead of C-Corp

Before becoming a C-corp or an LLC, small businesses might want to consider becoming an S-corp, reports CPA Practice Adviser. 

With all the decisions your clients are expected to make when starting a business, which legal structure to choose might not get as much consideration as it should.

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