Summer is approaching soon and you are anticipating the traffic. Most business’s hire extra staff to keep up with the Summer time shoppers for their business. Hiring a staff can be complicated if you are not aware of the hiring rules.

Here we will go over the different Federal rules and regulations that a parent-owned sole proprietorship or partnership business that are hiring their own children and for all other employers.

If your business is 100% owned as a sole proprietorship or partn...

Data breaches can cost small businesses in a big way. From losing money and information to losing the trust of your customers, data breaches affect small businesses in a variety of ways.As bigger businesses are able to improve their defenses against these breaches, it is leaving small businesses more vulnerable to attacks. A recent question-and-answer session with Valorie O'Shoney of specialty insurance provider Beazley Group gives small businesses an idea of just what a data breach can do to...

Whether you roll the dice, bet on the ponies, play cards or enjoy slot machines, you should know that as a casual gambler, your gambling winnings are fully taxable and must be reported on your income tax return. You can also deduct your gambling losses…but only up to the extent of your winnings.

Here are five important tips about gambling and taxes:

1. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the...