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In our last taxing episode… (cue organ music) … our heroine, Angela Morrison, CPA, MSA, MST, and Partner at Huntington Tax Partners in Bedford, provided valuable insight on how the new tax laws affect homeowners. Today, she’ll discuss what they mean for businesses.
To make understanding the new tax laws a little easier for those who are not tax experts (or don’t play them on TV), “Real Smarts” will post a series of blogs featuring Avidia’s tax expert, Angela Morrison, CPA, MSA, MST, and Partner at Huntington Tax Partners in Bedford. The following is part two in the series.
So, you’ve heard about new tax laws in America? You may have gotten your info in a text alert or while eavesdropping on two accountants conversing on the treadmills next to you at the gym. What you might not have gotten, however, is a simple breakdown of what it all means – or more importantly, what the heck it means to you?
The impact of the Equifax data breach that compromised the personal data of over 145 million individuals has left many confused, frustrated and downright angry. And while massive attacks on large corporations make headlines, small businesses have just as much, if not more, at stake. According to data analyzed in a report by Hiscox, an insurance provider, cyberattacks are likely to have a bigger financial impact on small businesses. The 2017 report found that small businesses with under 99 employees faced an average cost of $36,000 after a cyberattack.