Abrigo

JULY 19, 2016

With the recent release of the Financial Accounting Standards Board’s (FASB) guidance on the Current Expected Credit Loss (CECL) model , Sageworks ' Summit is uniquely positioned to provide the latest information on how institutions can prepare for the changes and what the impact may be once effective. The 2016 Risk Management Summit features experts from the American Bankers Association, CliftonLarsonAllen, Crowe Horwath, Grant Thornton, KPMG, and Promontory Financial Group, among others.

CECL 90

CECL 90

Fundera

JULY 18, 2016

Deciding to start a business is an incredibly exciting moment, but for new entrepreneurs, that excitement is often accompanied by uncertainty, anxiety, and doubt. Many of these feelings stem from financial worries: not only do you have to worry about whether or not your business will be profitable in the medium- and long-term, but you also have to think about the cost of starting a business in the first place.

Deductions 76

Deductions Small Businesses 76

GoCardless

JULY 11, 2016

When it comes to cloud many firms are making the mistake of choosing software first and deciding what to do with it after. Find out how to create a clear strategy for your cloud proposition, ensuring it meets real business needs.

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Abrigo

JULY 29, 2016

When looking to interview candidates to grow your accounting or valuation firm, what is your greatest concern? Is it recruiting and managing the process? Facilitating a flow throughout the actual interview? Follow-up or determining the right questions for the interview? If asking questions is your challenge, you are not alone. During a recent Sageworks webinar, “Interviewer Do's and Don'ts for Finding the Right Candidate, ” more than half of webinar attendees indicated that their greatest concer

Accounting Firms 74

Accounting Firms 74

Abrigo

JULY 18, 2016

By Carl Streck, Co-founder and CEO, Mountainseed In a perfect world, an appraisal would land on your desk free of error. However, as we know, the world isn’t perfect, and as such, neither are appraisals. With the average appraiser completing between 220 and 240 appraisals per year, it’s only natural that mistakes happen. While finding mistakes can be tedious, including a mindful checklist in your appraisal process can help you be aware of some of the common mistakes you should be on the lookout

Credit Unions 68

Credit Unions 68

Fundera

JULY 29, 2016

The term “tax deadline” might send a shiver up some business owners’ backs… But it shouldn’t. Keeping on top of what you need to file—and when—will save you from costly IRS penalties. By setting alerts in your calendar to remind you of upcoming deadlines, you can make sure you’re on track and in good standing. We’ll take a look at 7 essential dates to save in your calendar, so that you can keep your financials organized during the fiscal year and save yourself from any unpleasant surprises

Deductions 75

Deductions Bad Debt 75

Fundera

JULY 13, 2016

It’s been just seven days since the launch of Pokémon Go , a game for iPhone and Android devices based on the hit Japanese TV show from the 1990s. In that short span of time, the game has exploded in popularity, beating out Facebook, Snapchat, and other applications for #1 in the App Store, with an estimated 21 million daily active users in the US alone.

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Fundera

JULY 12, 2016

While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. And much like how people and their lenders can check those scores at any time, small business owners can check the credit score of their company to see its strength—and whether they’ll be eligible for trade credit, business financing , and other financial opportunities.

Credit Scoring 75

Credit Scoring Credit and Collections Bankruptcy Credit Card Companies 75

Fundera

JULY 7, 2016

Etsy, the online peer-to-peer marketplace that specializes in handmade and vintage products, has become the online leader for unique gifts, connecting millions of buyers and sellers for over a decade. The platform lets small-batch producers expose their wares to a global market instead of just the local community, and this opportunity is resonating with artists and crafters everywhere.

Transactions 75

Transactions Small Businesses 75

Fundera

JULY 11, 2016

Andy Hardie started Dave and Andy’s Homemade Ice Cream in Pittsburgh in 1983, right after graduating from college. 33 years later, his shop is still consistently voted Pittsburgh’s best ice cream. How did he come to start his own business? And how has he maintained such a loyal, local following over the years? “Keeping it in the family,” Andy sat down with his niece Annie—one of Fundera’s own Senior Account Managers, and answered a few of her questions on how he’s kept his ice cream shop thrivin

Small Businesses 75

Small Businesses 75

Fundera

JULY 22, 2016

Sometimes it’s the first thing people do when they start a small business. Sometimes it’s the last. Regardless of where you land on that spectrum, you’ll probably want (and need) to incorporate your business at some point. There are plenty of reasons—from tax benefits to asset protection—that make incorporating your business a profitable decision. But if you’re still hesitant to whether or not it’s actually necessary, here are 6 financial reasons you should consider incorporating sooner ra

Deductions 75

Deductions Credit and Collections Small Businesses 75

Fundera

JULY 28, 2016

Three little digits. A simple, seemingly arbitrary number on a page. It’s hard to imagine that a single number—any number—could have such a big impact on your life choices or opportunities. . But when those three digits represent your personal credit score , they can indeed have a dramatic impact on your future choices. Can you buy a house or a car?

Credit Scoring 75

Credit Scoring Credit Reporting Agencies Credit and Collections Default 75

Fundera

JULY 28, 2016

Perhaps no segment of the blogging population is as nebulous—and popular—as the “mommy bloggers.” Writing about children, relationships, life in the suburbs, or even politics and culture fall into this category, and some choose to do it with humor and sarcasm rather than straightforward information. Since there are literally millions of women who identify as mommy bloggers (though only a few hundred are considered influential by other moms), the forms that the blogs can take are also diverse: S

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Fundera

JULY 8, 2016

Sales tax can be one of the more confusing and complicated regulatory aspects of running your business. We run into myths and misconception about sales tax daily at TaxJar. But if you wrap your mind around these general sales tax concepts, you’ll be prepared to face sales tax challenges as they come! 1. Sales tax is governed at the state level. Forty-five U.S. states and Washington D.C. all have a sales tax, and the individual states make their own sales tax rules and laws.

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Fundera

JULY 22, 2016

Fundera receives compensation from American Express. This compensation impacts how and where its products appear on this site. Taking out a business credit card is a smart move for any small business owner. Whether you’re using your card to supplement your financing, act as a loan, or just to have in your back pocket, your business will benefit.

Small Businesses 75

Small Businesses Transactions 75

Fundera

JULY 13, 2016

From decades-old family businesses to tiny fledgling ventures, there is no small business too young or too old to benefit from the credibility and free publicity of winning a small business award. And with awards available in nearly any category you could possibly imagine, every small business is bound to find at least one or two awards for which they may be suitable. .

Small Businesses 75

Small Businesses Nonprofit Organizations 75

Fundera

JULY 15, 2016

After a storied career at Reebok, the sneaker company, as the Head of Brand Strategy, Marcus Wilson knew it was time for a change. “I’ve always had a passion for starting something. I didn’t know what that was… What product that was. But I wanted to be involved with something I could shape.”. Wilson had a great experience at Reebok, but as he says, ”So many people touch and shape a billion dollar company.

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Fundera

JULY 27, 2016

Do you use an email address from a free email provider—like AOL, Yahoo, Gmail, or your Internet provider—for business purposes? . If so, you could be delivering the wrong message about your small business every time you hit “Send.”. Sure, using a free email service is easy, convenient, and free. You’ve probably already have one or more free email addresses set up for personal use.

Small Businesses 75

Small Businesses 75

Fundera

JULY 29, 2016

There are plenty of reasons why you might want to take out a business credit card: you can simplify your bookkeeping, cushion your cash flow, and establish and improve your business credit, to name just a few. But if what you’re really attracted to are the rewards and perks that come with a credit card, we don’t blame you—they can be valuable for your business. .

Small Businesses 75

Small Businesses Transactions 75

Fundera

JULY 11, 2016

The Detroit Bus Company from Dark Rye on Vimeo. Back in 2012, after years of deliberation, the city of Detroit announced it was abandoning its plans for a light rail—a much-needed system that would have connected downtown to Detroit’s suburbs. What do you do when your city’s public transportation leaves you high and dry? If you’re Andy Didorosi, you build your own.

Small Businesses 75

Small Businesses 75

Fundera

JULY 6, 2016

You’ve figured it out: How to take your business to the next level. Maybe you need another vehicle or two. Or an updated, state-of-the-art piece of equipment. It could be that stellar employee you just interviewed, or it might be you’ve done the math and it’s the right time to double your inventory. But whatever it is…. You know it’ll give you the bump you need.

Credit Scoring 74

Credit Scoring Credit and Collections Bankruptcy Small Businesses 74

Fundera

JULY 7, 2016

Look around Main Street in your town. You’ll likely see a barber shop, pizza place, hardware store, coffee house, and more. These are the people in your neighborhood. They’re also typical Funding Circle borrowers. Launched in 2010 to help small businesses access funding and succeed, Funding Circle is now one of the nation’s leading marketplace lending platforms. .

Bankruptcy 74

Bankruptcy Small Businesses Credit Scoring 74

Fundera

JULY 21, 2016

Self-driving cars. GPS. The internet. Infant formula. Google. Radiation-proof glass coating. Bar codes. Microchips and touch screens. The flu shot. Kevlar. Wind turbines. What do all of these inventions have in common? If you guessed that they’re technological breakthroughs that have shaped the course of human history and improved our lives, you’d be 100% right.

Small Businesses 74

Small Businesses 74

Fundera

JULY 14, 2016

Once you’ve decided that Funding Circle is the right lender for your small business and you’ve filled out the online loan application , it’s now time to wait for your information to be reviewed by an underwriter. During this next underwriting phase, the information you supplied in your application is looked at in more detail. Along with reviewing your financial documentation, an underwriter will take the time to learn more about you and your business goals.

Small Businesses 74

Small Businesses Default 74

Fundera

JULY 20, 2016

After submitting your online loan application with Funding Circle and moving through the underwriting process with the help of your personal account manager, it’s time to wait for your loan offer letter to arrive. This usually happens within a couple of days, or as soon as the lender has received and reviewed all of your information. When you do get your loan deal, you’ll also receive a phone call from your account manager.

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Fundera

JULY 12, 2016

Let’s imagine a common scenario: You opened your first pet supplies business two years ago. Business has been pretty good, and you’ve been sticking to your budget and making your startup loan payments. Then you decide to launch a new marketing campaign for an extra sales boost, and it’s effective—so effective that, suddenly, customer demand increases 80%.

Default 74

Default Credit Scoring 74

Fundera

JULY 27, 2016

For every small business owner, there comes a time when you find yourself in a cash flow crunch, wishing you had extra money on hand to cover your expenses. Prepared business owners can avoid this moment of panic by taking out a business line of credit. A line of credit works just like a credit card: you’re given access to a pool of funds and can draw on the capital whenever you want or need to.

Credit Scoring 74

Credit Scoring Small Businesses 74

Fundera

JULY 25, 2016

Entrepreneur Stories: Brittney Castro from Kofa on Vimeo. As a female financial planner under 30, Brittney Castro belongs to a demographic that makes up less than 1% of her industry. That hasn’t stopped her from forging her own path to success—one where morning yoga and meditation are as much a part of her workday as her duties as CEO. Brittney is the founder of Financially Wise Women, a Los Angeles-based financial advisory firm empowering women to take control of their money.

Small Businesses 74

Small Businesses 74

Fundera

JULY 26, 2016

What if you never had to worry again about a last-minute computer malfunction or a late payment from a customer again? If you find yourself often facing cash flow problems or worrying about surprise costs that you won’t have the cash to cover right away, a business line of credit could be the way to go. By opening a business line of credit early on, you can make sure you’ll always have access to cash to tide you over.

Credit Scoring 73

Credit Scoring Default Small Businesses 73

Fundera

JULY 20, 2016

The U.S. military, across all its branches, hosts thousands of active servicemen and women—and their families—in hundreds of bases, camps, and other installations at home and abroad. These bases require more than just basic housing: they also include all the goods and services that military families use in their daily lives, like retail stores and a variety of full- and quick-service restaurants.

Small Businesses 71

Small Businesses 71