Abrigo
MARCH 9, 2017
Guest Post By Paige Chapel, President & CEO, Aeris Most banks recognize that their enterprises can only thrive if their customers also do. And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks.
Fundera
MARCH 9, 2017
Do you think financing a small business’s startup and expansion is as easy as obtaining a free grant from the government? You might (almost) be excused for believing that Uncle Sam is handing out bags of free money to anyone with two X chromosomes. In addition to late-night infomercials about government grants, dozens of articles full of misinformation about small business grants for women can be found online, full of vague terms and hazy promises like “The government offers a wide range of gran
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GoCardless
MARCH 27, 2017
The apprenticeship levy will dramatically boost work trainee numbers when it becomes law in April. Education providers can attract more employers by offering the best courses – and making paying for training both simple and painless.
Fundera
MARCH 14, 2017
If you’re trying to bring your business’s marketing plan to 2017, you should be looping in some way to build a following on the many social media sites available. With 1.65 billion social media users worldwide, these sites are bustling with new potential customers for your business. But if you’ve never dabbled in a Facebook business account , Instagram account, or a Pinterest for business account , social media for business might seem like a new, scary world to you.
Fundera
MARCH 28, 2017
When you’re a small business owner looking for the best time tracking apps, you want to make sure you choose the right one out of the gate. As your employees will also be interacting with the time tracking app, the process of implementation will be a bit more extensive than some of the other apps or software your business uses. That being said, there are a lot of great options for time tracking apps.
Fundera
MARCH 29, 2017
As a small business owner, you manage and dictate all the moving parts that make up a viable, successful business. Running a smooth operation requires that you have all your small business licenses and permits in place, a steady inflow of customers, happy employees to serve those customers, stable cash flow to keep those wheels turning, inventory stocked on the shelf….
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
MARCH 7, 2017
The demand for high-quality talent in industries like technology, healthcare, finance, and more is more competitive than ever—and as the employee recruitment process becomes fully digitized and even goes mobile, recruiters increasingly need all the same skill sets as content marketers to catch the attention of the right potential hires. If your job descriptions aren’t bringing in the quality candidates you’re looking for, follow these guidelines to better communicate your company’s job openings
Fundera
MARCH 7, 2017
When you’re shopping for an expense management app, you’re going to stumble on a ton of choices. It can be difficult to understand how these apps differ and which ones are best for your business. I’ve seen and worked with a number of these apps and can honestly say three really stand out and are the only expense management apps to consider. Two of them you’ve seen when we published “ 5 Bookkeeping Apps That Will Actually Change the Way You Do Business , ” and one is new.
Fundera
MARCH 2, 2017
What does it mean to be in “good standing?” That’s compliance-speak for state-level small business regulations, and it’s more important than you might think. A “Certificate of Good Standing” indicates that your business has filed all reports and paid all the necessary taxes and fees with your state’s secretary of state office. Incorporate.com says to think of your good standing certificate “as a kind of ‘snapshot’ of your business’s compliance status.”.
Fundera
MARCH 14, 2017
Every business owner I’ve talked to who needs to hire a bookkeeper starts by asking me what, in fact, they should be asking potential candidates. What are the best bookkeeper interview questions? I love this question. If you ask the right things, you’ll be able to make the right hiring decision for your business. So, let’s assume we can move right past the obvious stuff—like “What is your experience?
Abrigo
MARCH 31, 2017
Commercial real estate lending continues to receive regulatory scrutiny and reminders for financial institutions to practice solid risk management. FDIC officials in March outlined several types of weaknesses in loan underwriting, administration and oversight practices that are emerging at some banks with CRE portfolios. In its latest “Supervisory Insights” publication, the FDIC reiterated the importance of sound credit risk management practices in light of rapid growth in CRE portfolios at some
Abrigo
MARCH 22, 2017
The 2017 Risk Management Summit presented by Sageworks is set for September 25-27th in Denver, CO. The Summit is the industry’s leading life-of-loan conference, spanning business development through portfolio risk management in a CECL - current expected credit loss - world. In September 2016, more than 240 bankers and industry experts from both community banks and credit unions attended the Risk Management Summit in Austin, Texas.
Fundera
MARCH 30, 2017
America is home to 11.3 million female-owned businesses that employ more than 9 million workers and generate over $1.6 trillion in revenue for the economy. Women are now the majority owners of 38% of the country’s businesses—up from 29% in 2007. While these statistics show that great strides have been made for women entrepreneurs, there’s still plenty of work to be done.
Fundera
MARCH 2, 2017
Firing an employee is one of the difficult tasks a small business owner will eventually have to deal with. Not only does a termination affect the employee’s career, self-esteem, and livelihood, losing an employee also affects other workers, their assignments, and the overall morale of your team. In effect, letting an employee go is a sensitive issue, and a situation that entrepreneurs should handle with absolute care.
Fundera
MARCH 16, 2017
In many ways, a business loan can be a savior for an entrepreneur who needs financing. Small business loans can help you get out of a cash crunch, purchase game-changing (but expensive) equipment for your business, or help you seize an opportunity that will move the needle for your business. While debt financing is an important resource for small business owners, small business loans need to be handled with the utmost care—they can have a huge positive or negative impact on your business’s finan
Fundera
MARCH 31, 2017
The IRS tax code is complicated—many small businesses struggle to understand how their tax liability is determined. While understanding how the small business tax rate is calculated and applied can seem overwhelming to any business owner, getting some basics down can help you while making decisions and working with your tax professional. This guide breaks down the types of federal taxes your business may be subject to, how these taxes are applied to different types of business types, and the dif
Fundera
MARCH 28, 2017
Starting a business? Time to get cozy with government regulations! One of the first things you need to do is get the proper licenses or permits from the appropriate agencies to operate your business legally. Business licenses and permits are intended to keep consumers safe and operations transparent. The U.S. Small Business Administration says that virtually every business needs some sort of license or permit from state officials, but requirements vary based on the type of business, where it’s l
Fundera
MARCH 17, 2017
It’s almost April 18th. Have you filed your small business taxes yet? The Small Business Administration reports that there are 28 million small businesses in the U.S. , 22 million of which are “nonemployer” businesses made up of a solo entrepreneur. These small businesses run the gamut from indie retailers to consultants, from local restaurants to auto shops, and more.
Fundera
MARCH 3, 2017
You have a stable business growing at a moderate pace. Suddenly, there’s an opportunity that could propel it to the next level. Maybe it’s a huge order from a retail giant or a lucrative contract with a major manufacturer. You jump at the chance, but then you face a dilemma: It usually takes 60 days for this new customer to pay its vendors, sometimes longer.
Fundera
MARCH 27, 2017
You might have a handle on how your personal credit card works… But do you know the ins-and-outs of business credit cards ? Take this quiz to see how your business credit card knowledge stacks up. See Your Business Credit Card Options. The post Are You a Business Credit Card Pro? Take This Quiz to Find Out appeared first on Fundera Ledger.
Fundera
MARCH 1, 2017
Let’s take the banks out of it—which Visa business credit cards top the list? Whether you’re looking for travel perks, excellent rewards on everyday office purchases, 0% intro APR, or a way to build credit, Visa’s got you covered. We’re breaking down the many benefits Visa offers and reviewing the best Visa business credit cards of 2017. Best for travel rewards: Ink Business Preferred SM.
Abrigo
MARCH 30, 2017
Sageworks User Groups provide an increasingly rare opportunity to be in a room full of peers, industry experts and staff from a critical vendor. The intersection of these groups allows for three distinct and valuable learning experiences. The quality of these face-to-face interactions at User Groups is impossible to replicate with a video or phone conference; specifically, these interactions consist of interactive industry discussions, learning from peer experiences and gaining actionable.
Abrigo
MARCH 29, 2017
Jackie McLaughlin, CPA, started her career in a Big 4 public accounting firm. Since leaving public accounting, she has been an internal auditor, a tax preparer and a controller. She's also done forensic accounting and has written extensively on the accounting field. Currently, in addition to serving as the controller for a large heavy equipment company, she instructs all four parts of the Becker CPA Exam Review and serves as a course reviewer for The National Association of State Boards of Accou
Abrigo
MARCH 28, 2017
In order to effectively manage credit risk, banks and credit unions need to be vigilant at all stages of the life of a loan, from origination to administration to portfolio risk management. The easiest way to do this is via a robust risk rating system. By assigning a single rating that represents a level of risk to every loan in the portfolio, banks and credit unions can easily monitor individual and portfolio level risk over time and across portfolio segments.
Abrigo
MARCH 23, 2017
If the thought of finding your next valuation client causes a jump in your blood pressure, you’re not alone. Attracting new clients is a common challenge for valuation professionals. Unlike traditional accounting services (such as tax preparation and audits) that some clients need each year, valuations are often performed to meet a one-time need triggered by situations such as a shareholder dispute, a divorce settlement or a bankruptcy.
Abrigo
MARCH 23, 2017
By Jackie McLaughlin, CPA. With the increased availability of useful data, analytical review procedures are becoming more important during the audit process. The processes provide a number of benefits to help CPAs reduce risk and increase audit efficiency. Additionally they provide opportunities for CPAs to become even better at what they do. For example, greater emphasis on analytics encourages and almost demands that the auditor improve the quality of their professional judgment and skepticism
Abrigo
MARCH 17, 2017
A chief benefit of technology is that it enables accountants and other business advisors to do more work in less time. However, as author/speaker/consultant and “futurist” Daniel Burrus has noted, a negative byproduct for service professionals utilizing time-based billing is that technology can lead to reduced income. That is, professionals billing on an hourly rate will see income decline if the time required for the work shrinks, thanks to technology.
Abrigo
MARCH 16, 2017
A robust Risk ratings system is a crucial component of any financial institution's credit risk management process. Risk ratings are multi-purpose, useful in pricing loans, stress testing the portfolio or individual customers, and determining appropriate reserve for the allowance. As an important component in your risk management strategy, it's smart to take some time every once in while to perform a "check up" for your process for calculating risk ratings, to ensure that your risk rating process
Abrigo
MARCH 15, 2017
The FASBs Current Expected Credit Loss (CECL) model presents unique challenges for banking professionals. Even though the full effects of the guidance are still years away from being felt, industry experts have been adamant that financial institutions begin their preparations today. To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan pool-type.
Abrigo
MARCH 10, 2017
Business valuation specialists live within the tension of running an efficient practice and limiting exposure to professional liability claims. Standards, such as the AICPA’s SSVS No. 1 (Statement on Standards for Valuations Services No. 1) provide guidance on best practices that can help professionals avoid liability while performing valuation services.
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