The conference room of Sisterson & Co. LLP’s downtown Pittsburgh office was packed on Tuesday as IEE members and sponsors gathered to learn key financial fundamentals to help small businesses rest easy.
Here are a few highlights from the afternoon:
- Identify theft and protect your assets: Make sure computers (and mobile phones ) are password protected, have antivirus software, and use encryption. Also, highly recommended to have an outside, independent source run penetration testing on your organizations IT infrastructure.
- Valuations as a Business Tool: In the course of a business’s life cycle, business valuations may be necessary during the purchase or sale of a business, owner disputes, estate valuations, and succession planning. Consulting Services Partner Bob Overbaugh gave attendees a template for quickly valuing their business.
- Tax Credits: Tax credits are essentially “free money” and both Federal and State tax credits are available to businesses and much of that money is unclaimed. In fact, many times a business has already spent the dollars that give rise to getting a tax credit. Some tax credits are aimed at certain industry groups, social causes, or energy initiatives. Tax Partner Bill Richardson shared a few common tax credits available to businesses and encouraged businesses to visit newpa.com for more information.
Huge THANK YOU to Sisterson and Co. LLP and all their speakers for putting together such an informative program! There are still two more Lunch & Learn events planned for August, check out the remaining ones here.