As the final quarter of the calendar year begins, there are some issues that Georgia small business owners may want to consider. For any business organization to thrive, it needs to be forward thinking and prepare for any upcoming changes. This year, two of those considerations are health insurance and Internet security.
Providing health insurance for employees is a concern for many small businesses in Georgia. Now is the time to scour through all of the options to consider the financial impact — including any tax issues — of each before open enrollment, which is set to begin on Nov. 15. Doing so now could avoid a mistake that could ultimately hurt the company and its employees.
Another issue that has gained a great deal of attention lately is Internet security. Data breaches of large retailers resulted in many consumers being concerned about the safety of any personal information provided to a company. When a large company such as Home Depot or Target loses customers due to a lack of Internet security, it can typically withstand the potential impact. For a small business, losing even a few customers can be devastating. An investment made up front to ensure the safety of clients’ information could avoid problems in the future.
These two issues and others affect nearly every small business organization. Virtually every Georgia business owner understands that laws, technological advances and taxes are always changing. Keeping up with those changes is essential in order for a company to thrive. Seeking the assistance of someone who can help owners keep abreast of these changes and advise them on how to move forward in light of them is essential.
Source: tennessean.com, “5 things small businesses need to know this fall“, Joyce M. Rosenberg, Sept. 21, 2014