We have weekly Facebook Live classes

We are having Facebook Live classes every Wednesday at 10:30 AM!  These classes will cover a wide variety of topics.

 

  • QuickBooks Online
  • QuickBooks Desktop
  • Information Technology Information
  • Tax preparation tips. 
  • And more………  Suggestions are welcome!

The classes are TBD and if you have any requests. please send us an email at info@business-resource-partner.com or give us a call at 321-236-2771.

 

We are back!

Everyone has been feeling the effects of Hurricane Irma. Our offices have been without power for a few days. As of this morning, the power has been restored and we are back to work for you! If we can be of any assistance, please give us a call.

Heard of the Global Cyber Attacks? Did you know you’re at Risk too?

Reminder! BRP Has an IT Department!

 After serving five years in the United States Marine Corp, Mason Reid is bringing his technical knowledge to you and your business! He is trained in computer, telephone, and network repair.

We are offering a variety of custom IT services for you and your business, including a free diagnostic for your first time!

If you have any questions, or are interested in setting up your first appointment, please call us at (321) 236-2771 or e-mail;

mason@brp-it.com

Our BRP-it manager Mason sent us this awesome article that has valuable information about your computer’s protection and all the risks we face now, and will face in the future. We’re touching on some major points he’s focusing on to keep you updated and keep your information safe.
This article was written by David E. Sanger, Sewell Chan and Mark Scott, for the complete article, visit this page.

You may have heard about the recent cyber attacks that affected large corporations such as FedEx, Microsoft, and many foreign countries. What you may not have known is that it is still a threat to not just your personal computer, but to your business and your clients as well. One of the biggest factors is not being protected properly or updating your malware. Most of the attacks have been outside of the US but there is no telling if this will continue to be the case.

So, what can you do?

Never click on a any suspicious e-mail or links: A hospital had to pay roughly $900,000 to repair a breach that was caused by an employee clicking on an unsafe web link. Doing this opens your computer up to many security risks! Although your cost might not be this high, it can be detrimental to your personal information whether financial, personal, client information, etc.

Update your software and protection regularly: According to the article, British government was spending about $64 million to improve cyber security because most computers were still running on outdated software. It’s that important! Making sure that your computer is as protected as possible is never a waste of time or money. The benefits most certainly outweigh the costs.

BRP-it! Do you know what it is & why it’s important?

Information Technology (IT) is more than just computers and networks! We found this awesome article on LifeWire written by Bradley Mitchell and wanted to share some important points regarding IT and your business.

Information Technology encompasses all layers of all systems from computer hardware to databases and servers including internet and phones. Many businesses and corporations add an IT department which is responsible for:

-Computer tech support
-Network Admin
-Databases and software

-Security of all data and networksAccording to Mitchell, System and Network Security issues are a primary concern for many businesses because this has the potential to cause a security hack and not only damage a company’s reputation, but cost large sums of money to fix. With the advancements in technology, it is important to always ensure that your data and client’s information is secure. Using a trusted professional is a great way to make sure your network protection is secure and up to date.

Business Resource Partners is proud to announce our full service IT Department! Our newest BRP addition, Mason Reid will be the head of our IT division. After serving five years in the United States Marine Corp, Mason is bringing his technical knowledge to you and your business. He is trained in computer, telephone, and network repair.
We are offering a variety of custom IT services for you and your business and have included a flyer with a list of customized services.
For an introductory offer, and to  or to set up an appointment, please give us a call at (321) 236-2771.

Deadline for Tax-Exempt Organizations is Near!

The deadline for tax-exempt organizations is coming up soon, May 15th. We received an article from the IRS regarding Tax-exempt organizations and wanted to take this opportunity to remind you of important factors to take into consideration when it comes to filing Form 990 for these organizations.

What you need to know:

1. Loss of Tax-Exempt Status: Any organizations that do not file annual reports for three straight years will lose their exempt status so it is important to always file. The 2007 Pension Protection Act requires most tax exempt organizations to file Form 990 with the exception of Churches and Church related organizations.

2. NO Personal Info!  Do not include personal information such as social security number, information about donors, clients, or benefactors. This could give rise to identity theft since these forms are often made public.

3. File Electronically Whenever Possible: This reduces the risk of including SSNs and other personal information. E-filing also makes the process smoother and quicker with the IRS receiving your information.

4. What to file? Any organizations with an average annual gross receipts of $50,000 or less will file an electronic notice Form 990-N. Organizations with more than $50,000 will file Form 990 or 990-EZ. Private organizations will file 990-PF. If you need to file a six-month extension for your organization, use Form 8868.

5. Check Tax-Exempt Status: The IRS publishes the list of organizations that have lost their tax-exempt status for failure to file for three years. Any organization that wants to have their status reinstated must pay any fees and file an application. To check a status, visit Select Check.

Our staff at Business Resource Partners is knowledgeable in all aspects of tax preparation, our Enrolled Agent is able to represent you to the IRS if needed and we are happy to help with tax preparation, filing and planning.
Call to make an appointment (321) 236-2771 or stop by our office, we look forward to serving you! 310 Almond Street Clermont, FL 34711

 

Goodbye QuickBooks 2014!

Starting on May 31st, 2017, users of QuickBooks 2014 will not have access to certain features and add-on services. This will include all versions of QuickBooks Desktop (Pro, Premier, Enterprise Solutions, Accountant Edition, and Mac). If you do not use the add-ons, your product will still work but you will not be able to subscribe to live technical support or any other intuit service.

What does this mean for you?

  1. You will need to upgrade to the latest version of QuickBooks as soon as possible if your products are being affected by this change.
  2. Access to the following will no longer be available after May 31st: Desktop Payroll Service, Live Support, Online Backup, Online Banking, etc.
  3. QuickBooks will notify affected customers in advanced by mail or e-mail. Keep an eye out for any additional information or updates that may affect you.
Below is a table provided by Quickbooks that further explains what services will be discontinued
Fully Supported Products Products & Services to be discontinued after May 31, 2017
QuickBooks Desktop Pro & Premier ’15, ’16, ’17
 QuickBooks Desktop Pro & Premier 2014
(General Business, Contractor, Manufacturing &  Wholesale, Nonprofit, Professional Services, and Retail)
QuickBooks Desktop for Mac ’16, ’15  QuickBooks Desktop for Mac 2014
QuickBooks Enterprise Solutions ’17, ’16, ’15  QuickBooks Enterprise Solutions 14
QuickBooks Desktop Accountant ’15, ’16. ’17  QuickBooks Premier Accountant Edition 2014

Image Provided by intuit QuickBooks Online Learn and Support

Business Resource Partners is updated with the latest version of QuickBooks online & Quickbooks Proadvisor for all years and versions. Our knowledgeable staff is ready to help with your QuickBooks Desktop or QuickBooks online needs. Give us a call to schedule an appointment or stop by our office! (321) 236-2771
310 Almond Street Clermont, FL 34711

Visit our Services page to see what BRP can do for your business!

Starting a Business is More Than Just an Idea!!

About two months ago, I met a young man full of enthusiasm to start his own business providing lawn services. The momentum was lost after a few weeks and he abandoned the idea. You may think he gave up, however, it was the capital that dried up. He purchased a used trailer that ended up using all his financial resources in repairs.

Starting any business is more than an idea – it is a combination of the idea, the working capital, the resources, the business environment, and the government rules and regulations. By following the basic startup steps, you are not guaranteed success, however, the likelihood increases significantly when you follow these steps.

  1. Create a Business Plan
  2. Secure financing for your business
  3. Decide on the legal structure
  4. Register your Business
  5. Register for the federal and state taxes
  6. Get your business licenses and permits
  7. Understand your responsibilities as an Employer

 

Contact your BRP Business Development team today to help you with your business startup! (321) 236-2771.

310 Almond Street, Clermont FL 34711

 

Tax Season is over! Scams are Not!

We’ve provided information over this tax season about many different scams and tactics used to steal personal information from you. However, just because tax season has come to an end, this does not mean that scamming season has too.  We’ve received an article from USA.gov about caller scams and what you can do to protect yourself, here’s the main points to consider:

Did you know that caller IDs can be faked?
If you receive a call from Washington DC from someone who claims they are from the IRS, beware! The caller may even know part of your social security number, they will threaten to sue, arrest, or deport you if you do not pay. They may even give specific information about how to send a payment such as pre-paid cards or wire transfers. The IRS will never contact you via phone, there are very few authorized collection agents who may contact you by phone call, but this will only occur once you have received multiple letters from the IRS with information about who is assigned to you specifically.

Sign, Caution, Warning, Danger, Safety, Hazard, Risk


What can I do if I get one of these calls?

  • Do not make any kind of payment or share account information!

Once you do this, there is no way to get the money back because the scammers are using false information and will disappear right away. If you have any questions about payments on taxes, visit IRS.gov/payments. You can also call the IRS at (800) 829-1040.

  • Tell your friends and family!

The more people know about these scammers and their tactics, the less scam victims there will be. It is important to spread the word to everyone and stay updated on different methods used to obtain personal information.

Additional steps:

If you spot a scam, report it to the Federal Trade Commission.
Call the FTC at 1-877-382-4357 or go to this page.
For this, and more articles regarding scams, visit FTC Consumer Information.

Business Resource Partners has an Enrolled Agent on staff who will help you with your tax preparation needs. We offer more than just tax preparation and bookkeeping! Visit Our Services section to find out what BRP can do for your business!

I Received a Letter From the IRS, Now What?!

The IRS will send millions of correspondence for different reasons. We wanted to share some information we received about what you should do when you receive a letter from the IRS.

Here’s what to do:
  1. Don’t Panic! Responding will take care of any issues.
  1. Read Carefully:  There can be many reasons for receiving a letter from the IRS. Most deal with tax returns or accounts. The letter will provide specific instructions and details about what to do so it is important to read the letter carefully and more than once.
  1. Is the letter asking for something? It might be about changes to your account, taxes owed, or a payment request. Sometimes, they may ask for more information on the issue discussed.
  1. Is it about changes to a return? If the letter indicates a change or correction to your tax return, review the changes and compare it with your original return (You should always have your own copy).
  1. Is a reply necessary? There is no need for a reply unless instructed, or if you need to make a payment.
  1. Don’t agree with your notice? Respond! There is a contact stub at the bottom of each letter so you may respond and explain why you disagree. Be sure to include any supporting documents for the IRS and allow up to 30 days for a response. Always send this type of correspondence certified and keep copies of everything you send.
  1. No appointments necessary: If you need to call, use the phone number that is on the upper right hand corner of the notice. Have your tax return and notice in hand for reference.
  1. Keep Records! Always keep copies of any notices that you receive along with your tax records.
  1. Be aware of scams: The IRS will never send you an e-mail or contact your through social media and ask for financial information. They will never demand a specific form of payment such as a prepaid card. For information on payment options, click here.

For more information on the IRS Collection Process, see Publication 594, or to make a payment, visit IRS.gov/payments.

Business Resource Partners has been happy to serve you this tax season and we look forward to 2017! We have our Enrolled Agent on staff who will directly represent you to the IRS and assist in tax planning for you and your business. We offer more than just bookkeeping and taxes for your business! For a complete list of our services, please visit our Services page.
Our sister company, Almond Street Business Center offers a variety of services for your company as well. You may also click any of the links below for more information.

SBRN Lunch With the Experts: Change in Venue!

SBRN Lunch with the Experts:
Web Marketing Trends for 2017 and Optimizing for Mobile Device
The Florida SBDC Network assists thousands of new and growing businesses by providing services to help them successful in their decisions. They will be hosting a no-cost training session to help you better plan for the ever growing virtual trends this year.
Effective marketing for your business can make all the difference in its success. Learn from the experts how to expand your customer base with new trends and strategies!

When?
Wednesday, April 26, 2017

What time?
11:30AM to 1:00 PM

Where? (CHANGE FROM ORIGINAL LOCATION)
1250 North Hancock Road Clermont FL, 34711
Building 2, Room 102 & 103

How do I sign up?
This event is free but registration is required and seats are filling up fast! Visit the registration page to secure our seat to this event.
For information on this, and future events of the SBRN, see the flyer we have included below.