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Is Your Customer Data Vulnerable to Identity Theft? Threats from Employees & Hackers Alike are Your Responsibility and Must Be Controlled

[Source: Eric Stiles, Construction Equipment Distribution, 2014 | Keywords: Business, Operations, Identity Theft] A finance officer at a financial institution was let go due to poor performance. Before the employee had been terminated, the worker used the company’s computers to access customer account information such as names, social security numbers, driver’s license numbers, and home addresses. The employee used this information to open accounts and incurred unauthorized charges under the names of the individuals from whom he stole the personal information. The defendant made numerous purchases totaling over $50,000. (Source: U.S. Department of Justice, March 2013). Could this happen at your dealership?… Read More »

Is Your Customer Data Vulnerable to Identity Theft? Threats from Employees & Hackers Alike are Your Responsibility and Must Be Controlled

[Author: Eric Stiles/Source: Construction Equipment Distribution, 08.2014 | Keywords: Business, Operations, Identity Theft] A finance officer at a financial institution was let go due to poor performance. Before the employee had been terminated, the worker used the company’s computers to access customer account information such as names, social security numbers, driver’s license numbers, and home addresses. The employee used this information to open accounts and incurred unauthorized charges under the names of the individuals from whom he stole the personal information. The defendant made numerous purchases totaling over $50,000. (Source: U.S. Department of Justice, March 2013). Could this happen at your… Read More »

New Rules for Purchasing or Improving Property

[Author: Michelle Thornburg, Koski Professional Group, P.C., 2014 | Keywords: Business, Operations, Tax] The IRS has issued new capitalization regulations for the tax treatment of amounts paid to acquire, produce, or improve tangible property. The regulations must be followed for tax years that begin after December 31, 2013. The regulations are lengthy and complex. The summary below is only intended to give an overview of how to treat items of deduction and capitalization. De Minimis Safe Harbor – The regulations allow a taxpayer to deduct certain limited amounts paid for tangible property that are expensed for financial accounting purposes. For most taxpayers,… Read More »

Crop Revenue Protection

[Author: Tom Junge, Iowa Field Directory, 2014 | Keywords: Business, Operations, Revenue]  Crop Revenue Protection With commodity prices trending lower, it can be easy to get caught up in the negative talk from farmers. This is the time to remember that most farmers have revenue protection insurance. Following is a quick summary of the most popular policy. It might be wise to talk to your better customers about their specific protection plans. Farmers have many crop insurance options and choices available to them, including Yield Protection (YP) and Revenue Protection (RP) insurance policies, as well as the level of insurance coverage to… Read More »

A Tablet is a Salesperson’s Best Friend

[Author: Jenny Choe, Associated Equipment Distributors, 2014 | Keywords: Business, Operations, Sales, Technology] Tablets have the ability to help salespeople become more efficient, professional and focused. Before the era of the tablet, a salesperson’s tools of the trade included a smile, a handshake, a desk, a computer and a phone. Today, one example of a new sales tool is the tablet. According to recent Sales Management Association research, sales organizations are poised for a tidal wave of tablet adoption. Though only 40 percent of salespeople are currently equipped with tablets, 70 percent of executives in sales organizations using tablets are already realizing… Read More »