Connect with us

business

How To Make Your Businesses Invulnerable to Corporate Identity Theft

Published

on

Cyberattacks are becoming more of a problem each day than it was the previous day. The news of big corporations being targeted or attacked will not stop coming. In the world that we are in now, cyberattacks are already being considered a certainty with many businesses preparing for when it will happen rather than if it will happen.

There are times when the entrepreneurs and businesses do/not do things to make themselves vulnerable to these attacks. Although these businesses knew what personal identity theft is, whether they are prepared against such occurrence is another topic entirely. Small mistakes such as failure to properly dissolve an extinct company or file an annual report.

How entrepreneurs become susceptible to identity theft

Many states in the US require that Incorporate companies file their annual report. These documents are very simple documents that inform the state and keep them updated on little information regarding your business.  

Failure to file in this report by a company means that the state may regard it as administratively dissolved, in other words, it will no longer be considered Incorporated in the state. This implies that they also lose some legal protections such as access to the state’s court. They may also be fined if they continue with business without proper registration.

When this happens, the business is included on the inactive companies list. This leaves the company in a very vulnerable state. Cybercriminals can use different mail addresses to get the business running again without the knowledge or consent of the company’s owner. They then receive the business’ good standing which they use to order resellable merchandise or get credits.

To make things worse, if the company is already considered administratively dissolved, the owner no longer has the corporate form’s personal liability protection. So whatever debts the criminals incur will hit them straight in the pocket.

It is risky when businesses just close the door on a state without formally shutting down or winding down. A company like this is creating chances for cybercriminals to take advantage of, steal their identity, run them into further debt, and cause other havoc to the company.

How to be invulnerable to identity theft

File the report early enough: This is key to continued operation within a state. So filing the annual report early enough is the first step to avoiding corporate identity theft. So there are loopholes for the fraudsters. When the business owners are very busy, they might find it easy to forget the annual report, especially since it has to be filed around the time of the company’s formation and not tax deadlines or fiscal year. There will be more logistics to deal with when the business needs to file their annual reports in multiple states. In this case, a trusted agent or lawyer can provide online assignment help and inform the owners about the deadlines.

Dissolve an extinct business legally: If for any reason an entrepreneur or business owner decides that it is best to close the business venture or stop to function in a particular state, they have to do this formally and legally. Legally dissolving a business involves just submission of some documents to the state, or the IRS, if they have to. Other requirements for dissolution in a state might vary across the different state but the legal dissolution is straightforward. And if they do not end the business legally, it is still vulnerable.

Withdraw formally from states you do not operate at anymore: Withdrawing from a state is different from dissolution. In dissolution, the legal existence of that business is affected throughout the country. But with withdrawal, the company is still very operational in the country they are only withdrawing their rights to operate in that particular state but they can continue to do business in other places within the country. So, if you are no longer interested in doing business within a particular state, then you should withdraw formally from that state. This way you will be tying up loose ends which could have been potential spots for the cybercriminals to attack.

Run periodic checks on business credit: Very much like when people run checks on their personal credit. Doing this with your company also makes you certain that you are still safe and keeps your mind at peace. Be sure that there are no debts running in your company’s name. Check with credit reporting agencies.

Keep documents with company information secure: There are definitely a number of such documents with the business identifiers or information. You should not only keep these documents in a secure and safe environment, but you must also ensure that access to them is limited to authorized personnel only. It is not a lack of trust in your employees, it is just keeping your business safe. Sensitive information such as account numbers and other business identifiers in hardcopy documents should be treated like a treasure at all times. You do not want to leave these documents flying around in public access areas, employee workspace, filing cabinets, etc. You must also pay attention to and be sure of everyone that has access or are able to see these documents including your customers and clients, contractors, visitors, etc. The more this information is out there with random people, the bigger the risk for your business.

Shred old document with company details: it is without a doubt that your company will have some old documents that are no longer necessary in any way but contains private information and identifiers for your business such as business registration, business license numbers, account numbers EIN/TIN, etc. Of course, you can’t leave them flying around and you can’t be careless in disposing or destroying them as well. You can shred these documents with a diamond cut, confetti cut, or cross-cut shredder. Another option is to employ the services of a security company that is into document destruction. If you these documents in a place before shredding, be sure that it is in a locked or secured storage room that can only be accessed by authorized individuals.

Make sure business computers are used for business purposes alone: You can become very vulnerable to hackers and cyberattacks by carrying out other activities like surfing the internet, downloading programs, online gaming, accessing social media, and file sharing with business computers. It leaves the computer open to malware, spyware, viruses, and other security problems that might jeopardize your business and grant hackers access to confidential information about your business, employees, and customers, said John O. from Mimy.

Conclusion

Being compliant with many of the regulations that are given to work with goes a long way to foil cyberattacks and identity theft by cybercriminals. You do not want to give the opportunist criminals a chance to prey on your business. The best way to stay vigilant and avoid being vulnerable is by being compliant. While being compliant with government regulations, you have to check internally within your business so that you are not exposed by carelessness from within.

Continue Reading
Comments

business

Know The Potential Reasons To File Taxes For Cryptocurrency!

Published

on

Filing taxes on cryptocurrency gains becomes a requirement under the IRS tax code. If you fail to file the tax on crypto at the right time, you must confront several consequences. Of course, calculating and filing crypto taxes may be a daunting task. But, you should spend time or even get professional assistance to prepare and file the tax report properly. Scroll down your eyes to know the reasons to file the crypto tax!

Things crypto investors keep in mind

Before entering the topic, it is necessary to discuss the pointers that crypto investors should keep in mind. It assists them in making the right decision regarding crypto taxes.

  • According to the Union financial bill, income from the transfer of digital assets like cryptocurrency will be taxed at the flat 30% at the end of every financial year.
  • There is no deduction except the cost of acquisition allowed when reporting the income from the cryptocurrency transfer.
  • Gifting digital assets will attract tax in the hands of the receiver. So, you should receive the crypto as gifts in small numbers to avoid taxes.
  • Losses incurred from one digital currency could not be set off against the income from another one. 1% TDS will be allowed according to the financial bill.

Reasons to file the crypto tax

  • Crypto tax rules have become effective

Some crypto users believe that guidance and instructions on crypto taxation in India are unclear. They try to use this as an excuse for being non-compliant. Badly, this is not the case. According to the IRS, everyone makes a profit because the crypto transactions are subject to paying the tax.

Crypto taxes are of two types – income tax and capital gains tax. IRS has clearly stated all the general tax rules applicable to crypto assets. Investors must keep an eye on those things and file their taxes correctly to avoid issues in the future.

  • Avoid tax audits and penalty

The income tax department utilizes an independent authority to perform audits of all crypto-related transactions. So, if you fail to report your crypto taxes on time, you tend to confront the tax audit. On the other hand, if you sell or trade the cryptocurrency, you become liable to pay the cryptocurrency.

When you fail to file the tax report on time, even after knowing these things, you will get a penalty. Delaying to file the tax return lets you pay simple interest for the time you have taken. You will avoid tax audits and penalties upon filing the crypto tax report.

Steps to follow to file the crypto tax

  • Check whether you make any taxable transactions for this financial year
  • Gather information about the taxable crypto transactions you make
  • Utilize the crypto tax software after gathering all the transaction data
  • File taxes with the IRS and state

Conclusion

Hope! This blog would render the perfect answer for your query – how do I file taxes for cryptocurrency? Follow the instructions carefully to fill the crypto tax on time and avoid potential troubles.

Continue Reading

business

How can I get an immediate loan online?

Published

on

By

Instant Personal Loans are a suitable option to procure funds during financial crisis, which can happen to anyone at any given time. While you may not have been able to stop yourself from falling into a financial crisis: you can claw your way back from one through taking up a quick loan. 

Personal Loans do not need any collateral , which is why they are also known as unsecured loans. The approval and transaction procedure are the fastest with modern non-banking financial companies (NBFCs) like Poonawalla Fincorp who have convenient online platforms along with free EMI calculators. So, if you face a crunch, and need a prompt Personal Loan apply online.

 

How quickly can you apply for loans? 

Anyone in urgent need of funds can instantly apply for loans online. With technological advancements, there is hardly anything one can’t do via online platforms. From Personal Loans for Education to Doctor Loans to even Marriage Loans – all of these can be availed quickly online with minimal turnover. Potential borrowers can easily apply and fulfil the loan application process with all documentation from the comfort of their home.

Online procedure for to apply for a Personal Loan 

The online application process for a Personal Loan  is as simple as it can get. As a borrower, one will only need to follow a few steps that are mentioned below. 

1- Verify and validate your identity via Instant KYC and an OTP. 

2- After you are done verifying your identity, enter and set your loan sum along with the desired tenure. 3- Now, you will have to set the arrangement for your monthly EMI payments. You can also use an online Personal Loan EMI calculator to derive your monthly EMIs. 

4- Digitally sign your loan agreement documents and finalise the application process.

5- Now, it’s on the preferred institution to approve your loan application: You can get your loan approved as early as a day if your credit scores and documents meet the criteria. The loan amount is transferred directly to your bank account.

Advantages of processing your Personal Loan application online: 

  • Minimal and hassle-free documentation

Since many Personal Loans on online mediums are pre-qualified, they do not need much documentation for submissions. Invariably, the documents you’ll need to submit are a PAN card, Aadhaar, and some other essential KYC data, if needed.

  • No requirement of any collateral 

Personal Loans do not need any security to be submitted with certain financial institutions. This makes it incredibly simple for borrowers to apply for and receive funds instantly. 

  • Quick and easy disbursal of the loan amount

Applicants who apply for a Personal Loan online can receive the loan amount quickly in their bank accounts. 

  1. Lucrative offers and rewards 

Banks and NBFCs give their clients many beneficial offers and rewards when they apply online.

Which documents are required for a Personal Loan application?

Each loan provider is different and will request various documents as you apply for a loan. The basic documents that are required include your identity proof, address, and income proof. In addition to that, banks will check your credit score, and if you have a decent credit score, then getting your loan approved will be easy.

Finally

Personal Loan applications online are very easy and helpful, especially when you require immediate funding. Not only is your loan application process simplified when you apply online, you also need less documentation, and the loan gets sanctioned quicker. 

You should consider all loan-related documents and requirements carefully before applying for any instrument of finance: online or otherwise. For online applications, opt for a secure website with a recognised and trusted institution before proceeding. Banking security is of prime importance, and you cannot compromise on that.

Continue Reading

business

Using a Word Unscrambler Instrument

Published

on

Instrument

A word unscrambler instrument anticipates that you should enter the letters you have accessible to you into the request bar. The quantity of letters these engines license, generally speaking, goes up to 15, which is the number of spaces every part of the Scrabble board has – harkening back to the gadget’s beginning stages as a Scrabble word finder.

 

You can moreover plan the chase to add first and last letters alongside various letters that the word ought to contain. At the point when you have done such, a single snap will show you an overview of unscrambled words that integrate all of your letters.

Not solely will this give you a prevalent idea of the large number of potential words you can make, but in any case, it can similarly reveal significantly more possible word blends, liberating you of any failure while playing word games. Using such a gadget similarly has various benefits, which I will get to in a bit.

Unscrambling Words

To unscramble befuddled words is to figure out what a word is from its letters, where those letters are submitted out of solicitation.

This could give off an impression of being straightforward every step of the way, yet English is a baffling, casual language. As such, it has various exceptions for its principles – and to be certain extraordinary cases for those unique cases – that make it one of the more inconvenient vernaculars to overwhelm.

Things like calm letters, letters that sound not equivalent to their base explanation, and words that come into the English language from various vernaculars can much of the time lose even trained professionals. What number of people who don’t impart in English at a nearby level could normally put a P close to the start of “cerebrum science”?

 

While endeavoring to unscramble long words (that is, anything longer than 7 letters), you will frequently be speedier with a word unscrambler – especially while playing with re-organized words or other word scramble games.

Best Purposes of a Word Unscrambler

Some could feel that an instrument used to unscramble letters is a one-layered thing, nonetheless, there is a large number of approaches to using a word unscrambling gadget that can be important to you.

Couple With Word Games

While unscramble words can without a doubt be seen as a cheat gadget for merciless games like Scrabble or Words With Companions, allowing every player to use such instrument levels the possibilities that could outline when players of conflicting skill levels play together.

Using an unscrambled instrument is especially significant when you play with family members who are on another educational level or mates who don’t convey English as their most critical language.

 

For instance, a low-gifted player will undoubtedly not be able to recognize a word like and will presumably play something less troublesome.

With an instrument like complex blended words are all of a sudden promptly accessible, and you can make light of them without keeping yourself, or the opposite way around if the positions are exchanged.

Continue Reading

business

Brochure Design 101: 8 Simple Ways to Make An Effective Brochure

Published

on

Brochure Design 101

Whether it’s for simple business promotion or to announce the launch of a new product, effective brochure design plays an important role in projecting the identity of the company/product. An effective brochure should be able to catch people’s attention and make them stop to read what you have written. It helps if it looks good, but apart from being aesthetically appealing, it should also do its job well – inform.

If designed improperly, even the best idea can fail miserably because no one reads anymore. Here are 8 ways how you can make sure that your brochure design doesn’t suck:

1. Good Brochure Design Uses Legible Fonts

This means that it shouldn’t be too tiny or difficult to read. Your audience shouldn’t need to squint their eyes and get a magnifying glass just to see what you’re trying to say. And the font should also not be too big such that your brochure looks like an eye chart. The text should be in between these two extremes, easy to read but not boringly small. Here are some basic hints:

Note: Size matters – Aim for 10-12 point type size at least and even bigger for titles and headings if possible because they grab attention and add value to the visual impact. Headings help break up the text into digestible chunks.

Venngage

2. Your Company Brochure Should Have Few Fonts

Be stingy with your font collection especially if you’re a beginner designer because using more than 2-3 different types could make your design look messy and thrown together without any real design consideration or planning. Stick to one main typeface (serif or sans serif) for body text and perhaps another complementary typeface for headings.

3. Use Your Company Logo on Every Page of Your Product Brochure

Wherever your logo appears, it should be visible enough for people to recognize at least 2 feet away from their face. So make sure you use big and bold logos as well as those which stand out from the rest of your brochure’s visuals (colorful logos work best).

It doesn’t matter what color or size your logo is as long as it captures attention and adds value to the overall design of your brochure. Plus, using the same logo on every page makes it look like an official company publication which improves brand recognition and memorability.

Venngage

4. Mix Up Typography Carefully

Typography is the art of arranging typefaces, especially for design purposes. Designing with fonts means that you’re making them work together to achieve a certain goal – visually appealing results (or at least your intention).

If you stick to one font alone, everything will look monotonous (and boring) because there’s no variety in styles or sizes. Using different colors on each page can make things more interesting but only if you do it right! You need to learn what works best with what first before doing this otherwise it’ll be like throwing spaghetti on the wall and seeing what sticks.

Don’t have fonts? Then go to Venngage! The prime brochure and flyer maker in the market today! 

5. Use Subheads to Break Up the Text in Your Digital Brochure

Too much text can make any brochure look like a school textbook (boring!) so you need to break up the text into smaller chunks which should ideally be no longer than three lines.

This helps people scan your brochure faster because they’ll know exactly where each section starts and ends, giving them an idea of what interests them before they decide whether to read on or move on. Just remember to use contrasting colors (different from your main font color) for subheads because that’s how they stand out best, otherwise, everything will just blend in together into one big blob of design mess. 

6. Use Page Borders Sparingly

Page borders can be used to make your brochure design look pretty but it is easy to overdo this. Like most aesthetic effects, page borders can add or take away from a brochure’s visual appeal so use them with care and discretion because too many borders look messy and unfinished rather than good.

Less is more when it comes to embellishments if you want your audience reading your content instead of staring at another piece of art. Unless that’s the goal then go ahead!

Venngage

7. Use One Theme for Your Entire Online Brochure

Even if you’re just designing a simple one-page flyer, you still need to have the main theme – an overall purpose that ties all the elements together into one cohesive unit. This makes it easier for people to figure out the purpose of your brochure right away, making them want to read on without scrolling through unnecessary information.

A unifying theme can be anything – it could be the use of color or your company logo, depending on what you choose for your design’s focal point.

8. Ensure Readability by Maximizing Spacing

Brochures are meant to be read so always keep this in mind when designing yours otherwise no one will bother trying because they’ll find it visually exhausting. Layout matters too because certain layouts don’t accommodate text very well at all (lots of tiny words crammed together is not good).

Make sure that there’s enough visual breathing room between each line, between paragraphs, and even between pages. It may make your brochure design seem a little less “busy” but that’s a good thing because it makes reading easier on the eyes.

Conclusion

There you go, simple ways to make an effective brochure. Do this and you are going to reap the benefits of an effective marketing tool!

Continue Reading

business

How to Avoid Losing Your House Keys

Published

on

The feeling of reaching into your pocket for your house keys and finding them gone is a terrible one. You can take steps to avoid losing your house keys and experiencing that.

Purchase a Key Cover:

One of the best ways of keeping track of your house key is by making it unique. Recognizing the key right when you see it is important, and you can purchase a key cover that will help the key stand out. Invest in something colorful that will help you spot your key if you drop it on the ground and recognize it when it is mixed in with other keys.

Always Stick Your Keys Away in the Same Place:

When on the go, it can be helpful to always put your house keys in the same pocket of your pants or the same part of your purse. When you get in the habit of putting them in a certain place, that will be the first place you go to look for them when you can’t find them.

Treat Your Keys as the Valuable Item that They Are:

A small key might not seem important to you compared to some of the other items that you own, but losing a key can mess up a day and lead to security issues. Treat your keys as the valuable items that they are and be careful with them. Treat the keys as you would a special coin or piece of jewelry.

Use a Good Keychain or a Lanyard:

Everyone has different tastes when it comes to keychains and lanyards and different things that work best for them. You should find a keychain that is a good size for stashing away in the spot where you like to keep your keys, avoiding anything that is too bulky and inconvenient. Consider lanyards, as well, and the way that they keep your keys on your body and readily available.

Consider Bluetooth Tools that Help You Track Your Keys:

There are tools that you can find today that help you track your keys when you don’t know where they are. You can find an affordable Bluetooth tool that you can attach to your house keys so that you can use your phone to find them if you lose them.

Keep Extra Keys and a Locksmith’s Number Handy:

Even if you are careful, you can still lose your keys. It can be helpful to have an extra set stored somewhere where you can get to them if you do lose the keys, and it is also good to know of an emergency locksmith who can help you get into your home if you cannot find a single set of your keys.

You don’t want to give a stranger access to your house by losing your keys somewhere, and you don’t want to be stuck outside your home because you cannot find a key to get the door open. Be careful with your keys to avoid losing them and getting into a bad situation.

Continue Reading

Trending