Latest Scam Report by the IRS

Latest Scam Report by the IRS

Latest Scam Report by the IRSSteve Perry
Published on: 12/06/2025

Scams targeting taxpayers are on the rise, especially involving gift cards. Scammers often impersonate IRS agents, claiming the victim’s identity has been stolen and demanding payment through gift cards. Real IRS agents never demand immediate payment via gift cards, wire transfers, or prepaid debit cards. They always provide ID and send written notices before any contact. Threats of arrest, license revocation, or immigration action are illegal tactics used by scammers. If you suspect a scam, hang up immediately and report it to the Treasury Inspector General or the FTC. Never respond to unsolicited IRS emails—forward them to [[email protected]](mailto:[email protected]). Stay vigilant.

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Cyber Security and the Business Owner

Cyber Security and the Business Owner

Cyber Security and the Business OwnerSteve Perry
Published on: 11/06/2025

Cybersecurity is critical for small businesses, especially those handling financial or employee data. Federal laws require written IT Security and Data Breach Response Plans. Even basic internet use makes businesses vulnerable to phishing, malware, and ransomware. Common threats often stem from deceptive emails. Business owners must train staff, restrict system access, and implement strong password policies. Daily encrypted backups, updated antivirus software, and secure Wi-Fi are essential. Physical security of devices and cyber insurance provide added protection. Consult cybersecurity experts when needed—many IT providers lack specific expertise. Proactive planning and vigilance can protect your business from costly cyber threats and breaches.

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Challenges to Small Business from Regulation

Challenges to Small Business from Regulation

Challenges to Small Business from RegulationSteve Perry
Published on: 09/06/2025

Running a business involves more than just the obvious costs like labor, materials, and rent. Business owners must also account for hidden regulatory expenses imposed by local, state, and federal governments. These include local business licenses, county taxes (often based on projected revenue), and state sales and income taxes. Federal taxes, especially employer payroll obligations like Social Security, Medicare, unemployment, and worker’s compensation, add significant cost—often turning a \$600 paycheck into over \$645 in actual cost. Misclassifying employees as contractors can lead to serious fines, so it's critical to follow IRS guidelines. Additionally, compliance with tax filing requirements demands time, expertise, and often professional assistance. Though this help incurs a cost, it's tax-deductible and far less expensive than penalties. All these factors must be included in pricing strategies to avoid financial pitfalls. Business owners should routinely review their finances, ideally with professional support, to adjust pricing or costs and ensure sustainability. Books, Taxes & More offers the expertise to help business owners stay compliant and profitable. Call 678-717-9818 for guidance.

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Business Junk Mail

Business Junk Mail

Business Junk MailSteve Perry
Published on: 08/06/2025

As a business owner, I constantly receive unsolicited offers from people who assume they understand my problems without ever learning about my business. A recent LinkedIn message perfectly illustrates this: after accepting a connection request, I was immediately pitched tax debt relief—despite being an Enrolled Agent who would lose my license if I had such debt. This approach, based on assumptions rather than research, shows a lack of professionalism. Effective sales—and real networking—require listening, understanding, and building trust. Business owners should reject such generic sales pitches outright. True value comes from relationships rooted in respect and knowledge, not cold scripts.

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