Author: dwgshares

Ataee earned information security certification – CSF

Behnam Ataee, DWG CTO, has completed the certification for HITRUST CSF Assurance Program. Certified HITRUST CSF professionals can deliver simplified compliance assessment and reporting for HIPAA, HITECH, state, and business associate requirements. DWG will help provide partners and their business associates with a common approach to managing security assessments that creates efficiencies and contains costs associated with multiple and varied assurance requirements.

This information security work is most often done for health care and non-profits as part of a required security audit often in partnership with internal and external auditors or accountants.  This data security and information security audit can also be done as part of best practice and demonstration of a proactive approach to security as is most often the minimal need in the case of litigation.

Here’s more information:  HITRUST

If you are interested in our participation with your audit team or to perform a certification, please email [email protected]

I Just Started a Company. What Should I Do Now?

At DWG, we support many start-up businesses with their digital marketing and online presence.  Owners often have many financial questions, so when I saw this article from our bookkeeping service, I thought it could help.  Thanks for letting us repost, Maya.  You may want to see SolvencyNow.com

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I always get asked this question, and the answer is – it depends. Let’s say you just started a company, and you are not making any money yet. First things first – do not stress. The IRS cannot take the money you have not earned. So, there is nothing to worry about, and you don’t yet have to go,  “What tax structures should I have? Should I incorporate?”

You do not have to go into that until you start earning money. Once you’re making over $100,000 in revenue and over $50,000 or $60,000 in profit, you need to consider tax structures. Just start making money. If you have something to sell, a product or service, start selling it and bringing in money.

Yes, you should track it. You should get bookkeeping software or an Excel spreadsheet to track the money in and out. You should have a bank account. A personal account will do, but use it only for business in and out. Keep it simple.

You don’t have to go get a DBA. DBA stands for “Doing Business As” and it is a legal term used if a person or company does business under another name than their own. In order to get one, you would fill out a form and send it to the Secretary of State or similar government position in your state. A DBA can be used for opening a bank account. When you need it, a DBA is easy to get; you could sign up through Legal Zoom or similar websites. Or you can ask your Bookkeeper or CPA to file for you. Otherwise, just ask your customers or your clients to write checks made out to you, (even better, have them send money online straight to your bank account.)

You don’t have to do anything more until you are making more money. But, do keep track of money coming in and what you’re spending.

My motto is: “Keep it simple”. Keep it as simple as possible until you’re making over $100,000 in revenue, at which time you will want to look at incorporating as an S Corp. That is usually the best way to go.

At the point where you are hitting the $100,000 revenue range, a good CPA will be your best friend and help you plan your tax structure in the best way to achieve your goals.

After you incorporate, you will want to get a business bank account and to set up payroll, but that comes later.

To recap, if you just started, the first thing is don’t stress the legal structures, tax structures, and IRS. Don’t worry about any of that. Build your business; do what you need to do and make some money.

Sincerely,
Maya Weinreb | Founder & CEO
813-336-1574

Necessity Invented Video Options

It’s great to be able to share news about additional options and lower costs in the video realm.  Many of you are doing various forms of video content including streaming, pay walls, conferencing webinars, OTT, social…and the list goes on.  Been to TikTok lately?

But the options are expanding at light-speed.  Two years ago we supported clients with streaming services, ground-up apps and custom websites.  Those continue to be great options…but the invigorating change is the pricing behind the curtain.  While video backbones are still a necessity for streaming speed, the options have increased and prices have decreased.  Do a search and the options will astound you.

It is important to look at all the elements prior to making your selection.  Pricing options could include subscription costs, bandwidth charges, CC fees among others.  Features range from simple linked based streaming to subscriptions, downloads and rentals..not to mentioned video chats and webinars.

Welcome to wonderland (or a video trailer).

 

How can we help? E-commerce? Virtual Interaction? Questions?

Now is not the time to profit – so please know in advance that our consultations will be free and our pricing will be at sustainable rates for our team.

DWG understands how dramatically your business/life/business-life have changed in the last few weeks and perhaps, minute-by-minute.  Perhaps we can help….24/7.

Do you need online access to your business such as selling products online, updating your clients, hosting your digital messages?  DWG will brainstorm and implement promptly.  We stand ready to be your digital support whether you are a long-time client or someone with a new need.  Let’s talk.

Phone:  818.610.3316
Email:  [email protected]
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