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Category: Resources
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Published on Wednesday, 10 August 2011 21:45
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Written by Super User
Click Titles Below to Read Complete Articles
Positioning Your Business for a Loan
Is Your Business Idea Feasible?
Navigating Today's Crisis Creatively
Keeping Small Businesses "On-Track"
Management Strategies that Work
Business Valuation - What you need to know and why!
Customer Service - Your Best Competitive Advantage
Build Wealth Through Business Profits
Know Your Credit Score
Business Loans - a Tool for Your Business
Income Tax Alert - Pepare Now!
Bookkeeping and Taxes - Facts & Fiction
Finding Hidden Cash
Strategic Planning, Who Needs It
New Identity Theft Law Impacts Small Businesses
The Fair and Accurate Transactions Act (FACTA) was passed to help protect all of us against identity theft. But, on June 1, 2005, a single provision in this new law says that any employer (even if you employ only one person) that does not properly destroy (i.e., shred) any documents or papers containing personal information about their employees, can be fined by federal and state government, and sued in civil court.
There are hundreds of things you can do to minimize liability, which are probably things you already do. Document shredding, redaction of electronically stored information, careful screening of employees who will be coming into contact with personal information of customers and employees, physically locking file drawers with sensitive information, and setting up firewalls on computer equipment connected to the Internet, among hundreds of other solutions, are all good ideas.
