Security Executive Blog

Prepare for year-end taxes at the beginning of the year Writing off expenses is incredibly helpful way to for a consultant or other self-employed security business entity to decrease the tax burden. As traditionally ethically minded professionals, we understand that we must pay what we owe. Understanding how to claim deductions or what to claim is a little trickier. However, it’s an important and sometimes time consuming part of doing business. In all cases, consult the IRS and a tax accountant as often as necessary.  I've  found both resources very helpful and patient in leading me through what I thought were difficult questions. The challenge of collecting sales tax and reporting income tax is difficult at first, but it is part of doing business, and is a must for maintaining that business. Failure to do so could result in fines or worse. Doing the right thing will help you better sleep at night, and increase your business savvy. What expenses can be “wri...

When w orking on your business, be sure to make time for administrative tasks. Many of these tasks include filing quarterly estimated taxes. This quarterly estimated tax depends on your total income all your sources of income including full time jobs and businesses. This tax is also figuring FICA, Medicare and any profits your business earns (total sales minus expenses).  This applies for full time self-employment and if you have a side business in addition to a full time job Managing taxes is sometimes and easier endeavor when filing as a sole proprietary entity, especially where state jurisdictions are concerned. Limited Liability Corporations (LLC) or other corporate entities are more complex and administrative tasks will pull you from your primary business role. In addition to consulting or providing other security products and services, you will have to handle mundane but important administrative responsibilities. So, as you form an LLC or other incorporated entity, do...

NCMS’ Industrial Security Professional (ISP®) Certification Achieves ANSI Accreditation  Wayne, PA, 23 October, 2013: Leonard Moss, Jr., President of The Society of Industrial  Security Professionals (known as NCMS), announced today that NCMS’ Industrial  Security Professional (ISP®) Certification has earned accreditation from the American  National Standards Institute Personnel Certification Accreditation Program. The ISP® Certification is available to qualified candidates who work within the U.S.  National Industrial Security Program (NISP). The intent of the ISP® designation is to award professional certification and recognition to qualified candidates who  demonstrate the knowledge, skills, and abilities their profession demands. The basis for  the examination is primarily the National Industrial Security Program Operating Manual  (NISPOM), the supplements, and other information security concomitant rules and  regulations to include Op...