Month: March 2018

Categories
General News

Important Upgrade News

Keeping your information and connection secure is our top priority. With that in mind, we are enabling a security protocol that could impact your access to Online Banking. If you have the most up-to-date version of your browser (Safari, Chrome, Internet Explorer, Firefox, Opera), there should be no issues. However, if you have the latest version and are still unable to access your Pinnacle Bank accounts, it may require downloading your preferred browser again. This security protocol will be implemented April 9, 2018. Click here for more information

Thank you for being a Pinnacle Bank customer.

 

 

Categories
Blog Business

Is It Really The IRS Contacting You?

Is It Really The IRS Contacting You?

From the Internal Revenue Service

Scammers impersonating IRS officials are a growing issue. It is happening in person, over the phone, and via email. Your best defense is being informed and knowing the IRS protocol for contacting taxpayers. The IRS initiates most contact through regular mail. Taxpayers generally receive several notices/letters before they are called or visited.

The IRS does not:

  • Call to demand immediate payment
  • Demand that you pay taxes without question or appeal
  • Threaten to contact local police, immigration officers or other law enforcement

The IRS does:

  • Provide two forms of credentials if you are visited in person
  • Provide you with a dedicated IRS phone number for verification

For more information about avoiding these scams and what to do if you are scammed, click here.

Categories
Blog

Don’t Mingle Small-Business & Personal Banking

Don’t Mingle Small-Business & Personal Banking

From an original article by Jay DesMarteau, Entrepreneur

If you’re starting a business, especially a sole proprietorship, you may be tempted to use your personal checking account as your business account as well. According to a 2015 TD Bank survey of small business owners, 56 percent use a checking account for both business and personal finances, and 53 use a credit card similarly. It may seem convenient, but it could have serious consequences down the road. Also, you could be missing out on benefits that come with business checking accounts.

Things to consider:

  • Cash flow accuracy – With separate accounts, you know exactly how your business cash flow is doing.
  • Tax benefits – Filing business income on a personal tax return is not a best practice. You can miss deductions such as startup expenses, business travel, and more.
  • Payment options – Business accounts offer owners the flexibility to accept credit card payments along with cash and checks.

For complete details on why you should keep your business and personal finances separated, click here.