How to Deal with an IRS Audit

Do you know what to do if the IRS decides to audit you or your business? If you’re prepared and know what to expect, things will go more smoothly. There are important things you can do starting during your regular filing all the way through your official report.

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The Basics of PCI Compliance

Depending on how many credit card transactions your business processes every year, you are subject to different levels of certification from the Payment Card Industry, or PCI. Compliance is achieved and maintained through important security measures.

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Why People Don’t Seek Legal Counsel

Many people who are in a situation where they could really use legal counsel choose not to get it. There are a number of reasons for this, including personality, intimidation, and cost concerns. Managing these issues will help you determine whether you need to seek outside help.

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Traps with Self Help

Small business owners are naturally do-it-yourselfers, and that instinct can spring up when legal issues arise. While there are plenty of self-help books and websites available that promise to save dollars in the short term, this can be risky. You have to know which resources to trust, and which to avoid.

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Setting Expectations with Your Attorney

When you hire an attorney, you need to make sure that everyone involved understands how fees will be handled. You have to manage expectations so that there are no surprises for anyone. It can be an expensive service, so know what you’re getting and what you’re paying for it.

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Getting the Right Legal Service

Like doctors, lawyers are specialists. The key to getting great legal service is finding the right lawyer from the beginning. The attorney you know who specializes in criminal defense might not be the best option for business agreements and contracts.

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Controlling Legal Costs

As a small business owner, you want to be as efficient as possible with your money. Legal costs are an important part of that equation. You can prevent your legal costs from becoming a big problem with a few basic controls.

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The Pros and Cons of Hiring Independent Contractors

You are looking for the best employees you can possibly find. For some business owners, using independent contractors is the best option. This guide will help you distinguish between contractors and employees, and break down the pros and cons of independent contractors.

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