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Monday's Afternoon Update
What you need to know about Florida today
Florida ranks low for local tax fairness
Many people think Florida’s lack of state income tax is unfair, according to a survey released Monday from WalletHub. The survey ranked Florida 46th in the nation for local and state tax fairness, using results from conservatives and liberals alike. Two highlights from the report:
- Top 10 states where the top 1% are most UNDER taxed
Florida ranks #4 on this list - Top 10 states where the poor (bottom 20%) are most OVER taxed
Florida ranks #3 on this list
More at the Orlando Sentinel and see rankings here: 2014's Most & Least Fair State Tax Systems from Wallethub.
The problem with going into business with a friend
People start with the best intentions. Most partners appreciate one another and have high regard for one another’s ability and integrity. It’s only natural to want to build something with a trusted friend, someone whose company is welcome. And yet, so often, it all falls apart. More at the New York Times.
How cybercriminals attack small businesses -- and 10 ways to stop them
Development
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At a recent “Hacker Lab” event, “white hat” hackers revealed how cybercriminals work — and what businesses can do to protect themselves. The multimedia presentation used a simulated small business system to demonstrate how hackers choose their targets, how they enter the system and what they do post-infiltration. More at the Insurance Journal.
The unseen toll of consumer debt
A new study provides the first-ever tally of how many employees lose up to a quarter of their paychecks over debts like unpaid credit card or medical bills and student loans. Read more from ProPublica and NPR and see the study results from ADP.
All customers - external and internal - deserve great service
Most people -- even I am guilty sometimes -- worry only about how customers of the business (external customers) are treated and put little emphasis on how the staff serves one another or their vendors (internal customers). More from Jerry Osteryoung.
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