6 Big Scams on Small Businesses

Some food for thought at that Labor Day barbecue: Scammers are increasing their focus on small and midsize businesses. Among the top ploys that burn employers and their labor force: Phishing emails. Business email compromise (BEC) is a fast-growing scheme in which cybercrooks glean names and titles of executives from LinkedIn or corporate websites to spoof internal messages, usually alleged to come from top executives. In the most common ruse — netting scammers over $2 billion in recent years, according …

Obama Floats New Options for Retirement Savings

Small businesses would be able to band together to create a joint 401(k) retirement plan, and some part-time workers could participate in their employer’s plan, under proposals to be included in President Obama’s final budget to Congress. An outline of these and other proposals to expand access to retirement accounts to more than 30 million people was released Jan. 26. More details, along with cost figures, will be available when the president submits his budget next month. Some ideas are …

Small-Business Owners Agree: Secure Choice Is Right for Illinois

BREAKING UPDATE 12/2/14: The Illinois House of Representatives passed the Illinois Secure Choice Savings Program.   I want to bring your attention to something happening right now in Illinois that could give small businesses a competitive edge and help millions of Illinois workers have a secure financial future — but time is running out. Only three days remain for the state House of Representatives to pass the Illinois Secure Choice Savings Program and give over 2 million Illinoisans a pathway to …

Shop ‘Small’ for the Holidays

As the holidays approach, owners of “mom and pop” stores want to remind shoppers in pursuit of the perfect gift to support local businesses. Small Business Saturday is the kickoff to the holiday shopping season for independently owned businesses, which include restaurants, bakeries, bookstores and other merchants. This year it falls on Nov. 29, the Saturday after Thanksgiving, between Black Friday and Cyber Monday. >> Best Ways to Spend $200 The event was developed to encourage consumers to back America’s …

The Takeaway: How You Can Help Fight Medicare Fraud

Medicare officials are offering tips"”and rewards"”to beneficiaries for help fighting fraud. And legislation soon to be introduced in the U.S. Senate would let small businesses pool resources and assets with other small businesses to form multi-employer retirement plans.