#risk-management
Strategies for identifying and mitigating business risks including insurance
Section 831(b) microcaptive insurance lets small businesses retain underwriting profit on hard-to-insure risks, but the IRS's 2025 final regulations treat captives with loss ratios under 30% as listed transactions. Here is how to structure one that survives an audit.
Freelancers lose $15,000 to $25,000 yearly to scope creep, and 52% of agency projects expand past their original budgets. A six-step scope management lifecycle, written exclusions, and a formal change-order process keep service revenue from leaking.
How service businesses can structure partial payments — deposits, milestone billing, and stop-work clauses — to close more deals without funding work that never gets paid for. Includes bookkeeping rules for deferred revenue and a sample three-payment schedule.
A practical guide to engagement letters for service businesses covering the eleven components every letter needs, the drafting mistakes that cost professionals real money, and how a signed letter connects to accurate revenue forecasting and accounts receivable in your books.
Learn how to handle foreign currency accounting for your small business, including exchange rate rules, recording FX gains and losses, hedging strategies, and setting up multi-currency bookkeeping under GAAP.
Nearly 40% of small businesses carry no insurance. Learn about the essential coverage types—from general liability to cyber insurance—average costs, common mistakes to avoid, and how to choose the right policies for your business.
Nearly 75% of small businesses are underinsured. Learn about the essential types of business insurance, average costs in 2026, and the 6 most common coverage mistakes to avoid protecting your company.
Learn 8 essential cybersecurity practices to protect your small business financial data from phishing, ransomware, and data breaches—plus free resources and a guide to building a security-first culture.
Your intangible assets may be worth more than all your physical equipment combined. Learn how to protect your business with trademarks, patents, copyrights, and trade secrets—including 2025-2026 USPTO filing costs, step-by-step strategies, and the 10 most common IP mistakes to avoid.
