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Accounting/Banking/Credit

Accounting/Banking/Credit (109)

3 Cash Flow Principles for Success In Business

Monday, 05 June 2017
Accounting/Banking/Credit
Written by
cash flowWhy are you in business? Some people say they are in business to deliver a certain product or provide a unique or special service. Others might say they are developing a breakthrough technology, or are out to deliver the highest level of quality. Read more...

Tips for surviving a business audit

Thursday, 18 May 2017
Accounting/Banking/Credit
Written by
audit 1The answer is, ala the TV game show Jeopardy: “What is call your CPA.” That’s the response CPA Kristin Ingram hopes small business owners remember if they learn their company is going to be audited.  Meanwhile, the chances of that happening are pretty slim, says Ingram, CEO of Connecticut-based Ingram Digital Media, Inc. “Currently, the overall audit rate is only one percent for business and personal taxes, so the likelihood is extremely low,” she says. Moreover, most audits are what she calls “correspondence audits,” meaning the IRS is requesting some information by letter. That happens when the IRS receives some information that does not match the data on the tax return, Ingram explains. Read more...

Nine Ways to Avoid Getting Hooked by W-2 Phishing Schemes

Thursday, 04 May 2017
Accounting/Banking/Credit
Written by
w2 scamThe W-2 phishing expedition is one of the fastest growing cyber scams today, and it’s especially relevant as the April 15 income tax filing deadline approaches. Here’s how it works: Scammers pose via email as a senior company executive and request HR and Finance managers provide them copies of employee tax forms. Once a complete set is obtained, they sell it on the black market. Between $4 to $20 per form can be raked in by selling off the individual pieces of employee identity W-2s contain or using them to file tax returns and taking the refunds. Read more...

Top IRS Tips to Know about the Home Office Deduction

Thursday, 06 April 2017
Accounting/Banking/Credit
Written by
home officeTaxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home. Use the simplified method or the regular method to claim a deduction. Read more...

How to Hire the Right Virtual Bookkeeper

Wednesday, 29 March 2017
Accounting/Banking/Credit
Written by
BookkeeperThe concept of virtual teams is gaining traction worldwide, driven by the confluence of several trends, including greater availability of work-anywhere tools like video telepresence and collaboration platforms, employees’ desire for more control over their own lives and schedules, and employers’ need to cut costs. When handled successfully, virtual teams can be a boon to employees and employers alike. Read more...

Funding your small business venture

Wednesday, 29 March 2017
Accounting/Banking/Credit
Written by
fundingTime was when a small business sought an infusion of cash, they would apply for it from a bank. And, incredibly, the financial institution would usually agree to lend the money. However, it’s no secret that since the 2008 recession, small business lending is not business as usual any longer. Read more...

Does your business need cash fast?

Thursday, 16 February 2017
Accounting/Banking/Credit
Written by
girlimage22Contrary to the popular pop tune about how fun it is to stay at the YMCA, if your small business needs an infusion of quick cash, an option you might try to steer clear of is an MCA. Read more...

Business growth creating AP challenges? You’re not alone – but there’s a way to make it easier

Thursday, 09 February 2017
Accounting/Banking/Credit
Written by
business growthA new study sponsored by Concur shows almost half of small and midsized businesses (SMBs) are living with accounts payable (AP) mistakes even though they know there’s a way to avoid them. This statistic reminds me of stories we hear from our customers before they adopt automated AP solutions. For example, ThreeBridge’s Director of Finance Blake Kloeckner, a customer of ours, told us the company had a paper-based AP system that “was very cumbersome…and because it was so manual, it often led to a lot of mistakes.” Read more...

Lending an ear to lending circles might help small business owners

Wednesday, 02 November 2016
Accounting/Banking/Credit
Written by
the circleThe original concept behind lending circles, a situation whereby people pool their resources and then share that pot with a needy member, is similar to the socialistic approach of an Israeli kibbutz. According to Wikipedia, a kibbutz is a collective community comprised of members who provide a service to other members of the collective for the greater good of the group. Read more...
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How to build good credit to nurture small business growth

Wednesday, 19 October 2016
Accounting/Banking/Credit
Written by
build creditFor small business owners, a solid business credit score is vital to securing the loans needed to expand. Yet, as a recent Manta survey revealed, the significant majority of small business owners don’t know their company’s credit score. In a business climate where having a bad credit score can actively impede growth, it’s imperative for small business owners to know the basics of business credit—and how to build it. Read more...
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