DISASTER PREPARATION

Bracing for Disaster? Prepare to Deduct Casualty Losses

Natural disasters seem to be increasing at an alarming rate. Each year, our nation is plagued with wildfires in the West, tornados in the Midwest, flooding in the Northeast, and hurricanes in the South and Southeast. Few businesses are completely safe from an impending disaster. Fortunately, the IRS has plans in place to aid businesses [...]

2018-11-12T15:42:36+00:00July 23rd, 2018|DISASTER PREPARATION|

Natural Disasters: 3 Tips for Safeguarding Tax Records

Don’t let a natural disaster become a tax disaster too. Be sure to protect your tax records and other valuable information. This time of year it is especially important to utilize the tips below in preparation for hurricane season. 1. Electronic Backup Taxpayers should always keep a set of backup records of all important documents [...]

Disaster Recovery: Protect Your Assets With the Right Insurance

When a disaster of any kind damages a home or a business, the owners’ first reaction may be to reach for something that makes them feel protected. We have compiled a number of insurance policy options that individuals, businesses, or both can purchase to protect themselves from property damages, business interruptions, or other losses due [...]

2018-11-12T15:44:05+00:00September 29th, 2017|DISASTER PREPARATION, DISASTER RECOVERY, INDIVIDUAL PLANNING|

5 Steps to Help in Disaster Preparation

Backup electronic accounting records. Accounting records can include anything from accounting software to spreadsheets that are used for budgeting. Consider subscribing to a cloud-based storage service, or — at a minimum — store your backup data in multiple locations. Backup electronic records regularly to ensure data remains current and easily recoverable. Protect computers and [...]

2018-11-12T15:44:13+00:00September 11th, 2017|BUSINESS CONSULTING, DISASTER PREPARATION|

5 Steps to Create a Business Disaster Plan

If disaster strikes, is your business prepared? Most businesses have a business plan, but you may be surprised how many don’t have a business disaster plan – a set of guidelines to minimize the impact of a disaster, natural or otherwise. Of course, the odds of a disaster striking your business are very small, but [...]

2018-11-13T10:40:56+00:00February 16th, 2017|DISASTER PREPARATION, START-UP BUSINESS PLANNING|

How to Be Prepared With a Business Continuity Plan

They say that when you fail to plan, you plan to fail. Most business owners know that a business plan is an indispensable component of a successful company. But there is another crucial plan that many business owners forget to create: a business continuity plan. What Is a Business Continuity Plan? A business continuity plan [...]

2018-11-12T15:55:31+00:00January 15th, 2013|DISASTER PREPARATION, IT AUDITS & ASSURANCE|

Risk Management: Avoiding Crisis & Staying Afloat

In general, most of us agree that a back-up plan is worthwhile. It’s universally accepted as fact that most entrepreneurs are comfortable taking risks. But many business owners focus more on the ultimate risk of failure on a macro-level rather than the smaller—but no less devastating—everyday risks. Those typically include property damage, public relation issues, [...]

2018-11-12T15:55:57+00:00June 24th, 2012|DISASTER PREPARATION, GOVERNANCE & RISK ASSESSMENTS|