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disaster planning

Catastrophes, Calamities and Cataclysms – Oh My!

Tax Help for Disaster Loss Disasters happen. The financial impact of the blizzards that hit the Northeast and the Midwest will doubtlessly be felt by both business owners and individuals.  It’s good to keep in mind that there are special tax provisions designed to help in recovery. The National Association of Enrolled Agents (NAEA) has advice for those dealing with disaster loss. First off, like the Boy Scouts, be prepared. Try to be as paperless as possible by scanning your tax documents and saving them to “the cloud” or onto a CD or DVD. If you choose the disc option, [...]

2016-10-27T16:54:57-07:00February 21st, 2015|Personal Tax|Comments Off on Catastrophes, Calamities and Cataclysms – Oh My!

Smart Disaster Planning Steps

Too often natural disasters strike and serve as reminders that it’s important for both individuals and businesses to protect themselves against the potential financial consequences of such events. A few smart steps we recommend include making electronic backups of important records, including your insurance policies, tax returns, bank and credit card account information, and vital records.  It is critical that you store this backup in a separate location that will be easy to access if your area suffers damage.  You should also take the time to take pictures or videos of your home or business and store them separately in [...]

2016-10-27T16:54:57-07:00October 20th, 2014|Accounting, Business Tax|Comments Off on Smart Disaster Planning Steps
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