Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that knows the Self Storage business, that works in all 50 states and is there for you when you need him?
In addition to being the best tax advisor I have had the pleasure of working with, Jerry is first and foremost a wonderful person. Building my first storage facility and being a rookie to the industry, I was nervous on what I could expect in my first year of development. With all of the ups and downs of this first year all I can say is I had absolutely no worries when it came to the the most important part of our business - the numbers. Jerry Jones took the time to answer every question or concern we had when going though this process. If you are in the storage business give yourself a leg up and apply Jerry’s experience and expertise of this expanding and ever changing industry. You will be thankful you did.
Bill Pederson
Lock it and Leave it storage

IRS: Be vigilant against phone scams Annual ‘Dirty Dozen’ list continues

 

Phone scams or “vishing” (voice phishing) continue to pose a major threat. The scam has cost thousands of people millions of dollars in recent years, and the IRS continues to see variations on these aggressive calling schemes.

Phone scams again made the IRS’ Dirty Dozen list, an annual compilation of some of the schemes that threaten taxpayers not only during filing season but throughout the year.

The IRS is highlighting each of these scams on consecutive days to help raise awareness and protect taxpayers. The IRS also urges taxpayers to help protect themselves against phone scams and identity theft by reviewing safety tips prepared by the Security Summit, a collaborative effort between the IRS, states and the private-sector tax community.

New Requirement Applies to Any Business Seeking a Tax ID Number

IRS offers data security tips

The Internal Revenue Service wants small business taxpayers and the self-employed to know that, starting May 13, an important change will affect the way it issues employer identification numbers, or EINs.

With identity theft on the rise in the business community, the agency also offered business taxpayers tips and resources for protecting their data from theft.  

National Small Business Week is May 5-11. For more than 50 years, the week has recognized the important contributions of America’s entrepreneurs and small business owners.

Securing Your Passwords and Physical Devices

Part of securing your passwords is understanding how they become compromised. Two of the most frequent ways passwords are compromised is through Brute-Force attacks and data breeches. In a Brute-Force attack, hackers are using a systematic plan to check all possibilities until the correct one is found. If a hacker knows that the site requires a minimum of 8 characters and requires the use of both alphabetical and numeric characters they will start with those parameters. This is not done by hand. They write programs to do the dirty work.

So how do you defeat attacks like this?  First don’t make it easy on the attacker. Never do the bare minimum.  If a site requires a minimum of an 8 character password with at least one number: abcdefg1 is not a good password.  Sure it meets the site’s requirements, but a Brute-Force attack will have that password in no time.  So how should you craft your password?  The best passwords are a minimum of 16 characters and include a combination of uppercase and lowercase letters, as well as numbers, symbols and spaces.

Of course, there’s a problem with having strong passwords, they are impossible to remember.  Using a plugin like LastPass can help you safely store passwords, but what you should have enabled, on all of your logins that include the feature, is two-factor authentication.  Two-factor authentication will require you to also enter a code that’s sent to you, typically to you via text message, before allowing you access.  As you read that you may think to yourself, what a pain that extra step creates, but what you’re doing is preventing someone else to access you account.  Even if your bank password has been acquired through a Brute-Force attack or is part of one of the numerous database breeches, the moment your username and password are entered the hacker will be prompted with the send a code link.  Well what do they do send the code to you, so you know something is wrong, or just give up there?  Chances are they give up. 

Here’s What People Should Know About Reporting Cash Payments

Federal law requires a person to report cash transactions of more than $10,000 to the IRS. Here are some facts about reporting these payments.

Who’s covered

For purposes of cash payments, a “person” is defined as an individual, company, corporation, partnership, association, trust or estate. For example:

Designed by NJ Designs