February, 2017

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How to Perform Payroll in QuickBooks

Fundera

Payroll can be a very tricky business, and of course, that means it is easy for us to overcomplicate things (and many do). So many small businesses turn to a payroll service that is integrated with QuickBooks because there isn’t much to do bookkeeping wise. This makes a strong case for using one of these services, but as with everything, there is a downside.

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These 20 Tweets during #busyseason show the struggle is real for CPAs

Abrigo

It’s grind time for public tax accountants and auditors. February and March (and for firms providing tax services,fe April) are generally the busiest months all year. As a result, millions of accountants are putting in extra hours of work and dealing with added stresses related to challenging clients or situations. Here are 20 Tweets that provide a glimpse into the world of CPAs and their staffs this time of year.

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Helping large businesses meet new ‘duty to report’ requirements

GoCardless

Find out how your firm can work in partnership with large clients to help them fulfil new reporting requirements and enhance the overall performance of their payment processes.

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Position Available: Regional Sales Manager

Credit & Management Systems, Inc.

Job Title: Regional Sales Manager. Job Description: Credit & Management Systems, Inc. (CMS) is the leading developer of comprehensive system solutions for corporate and commercial credit management. CMS’s highly acclaimed Corporate Credit Manager (CCM) software system is the most powerful and widely used commercial credit scoring, financial analysis, risk management, and decision support system available.

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The 25 Best Business Ideas for the Aspiring Mompreneur

Fundera

Many new mothers view raising children and growing a family as a full-time job. But more and more mothers are taking on the full-time job of raising children while running a business at the same time. And from those ambitious and inspiring mothers, we have the rise of mompreneurs in the small business space. If you’re an aspiring mompreneur, looking to make the most out of your past experiences, skills, and current schedule, what are some of the best businesses to start?

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Credit Card Bonuses Might Be Tempting… But Watch Out For These 3 Mistakes

Fundera

Who doesn’t love a good credit card bonus ? If it means a cool extra thousands of bonus points or hundreds of dollars back in your bank account, it’s hard to resist a great welcome offer on a business credit card. But these credit card bonuses don’t just come for free—you have to spend to earn them. And for on some sign-up bonuses, you have to spend a lot to qualify for the extra pile of cash.

More Trending

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How to Start a Photography Business (And What It Will Cost You)

Fundera

Thanks to the proliferation of smartphones with great cameras (for mobile devices, that is), it seems like everybody is a photographer nowadays. But there’s a big difference between those who take the perfect selfie and those who can call themselves professional photographers. If you’re interested in starting and running your own photography business, you know there must be more to it than a iPhone.

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The Definitive List of 35 Home Business Tax Deductions

Fundera

Tax season is upon us—a time that can strike fear in the hearts of small business owners everywhere. But while there’s a wealth of information out there about tax deductions for business owners in general, when you run your business out of your home, it can be far more challenging to understand how some of those policies apply. We know that for home-based business owners, every penny saved can have a significant impact on your bottom line.

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32 Ways to Advertise Your Business—For Free!

Fundera

Advertising for your business doesn’t have to be expensive. In fact, it can be free and a lot of fun! In today’s digital world, there are countless ways to harness the power of the internet to your business’s advantage, along with even more old-school tactics that can be just as effective. To get your creative juices going for that next perfect marketing opportunity, here are 32 ways to advertise your business that run the gamut but won’t run up a massive bill. 1.

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16 Need-to-Know Small Business Regulations

Fundera

Have you ever worked in an office with a poster that said “Employee Rights Under the Fair Labor Standards Act,” or maybe one that said “Equal Employment Opportunity Is the Law”? Did you wonder why it was there? It wasn’t just for wall decoration: Employers are often legally required to place these posters in plain sight, depending on the structure and type of their business.

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Assets, Liabilities, Equity: Here’s How This Equation Works for Small Businesses

Fundera

When we hear the word equation , some of us cringe with anxiety. We’re sent back to our school days when we were bombarded with theories and calculations that we were convinced we would never use. But as a business owner, the accounting equation is one that you must understand to be able to gauge the financial health of your business. If you’ve taken a business class, you probably remember that the accounting equation is made up of debits and credits and double entries and … what?

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The 12 Step Guide to Choosing Your Business’s Domain Name

Fundera

Choosing your small business’s name is an important moment for any entrepreneur. Your business’s name defines you and your brand—and it will stick with you for a while. Just as your business’s name is your identity among your customers, your community, and your market, your business domain name is your identity online. It’s how people browsing the web will find you and promote your business.

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S Corp vs. C Corp: How They Differ (And How to Decide)

Fundera

When you’re just starting a business, you have a lot of momentum behind you. You’ve got the perfect business idea, you’ve written all of it down into a stellar business plan, and you even have a catchy, one-of-a-kind business name. That’s it, right? You’re ready to roll. Not just yet. Many aspiring small business owners come screeching to a halt when they realize that before they open their doors for business, they need to choose a business entity —and choose carefully and deliberately.

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The 3 Best Bookkeeping Software Applications—According to Bookkeepers

Fundera

There’s no question in my mind that bookkeepers will agree universally on one thing when it comes to cloud accounting software. The two best bookkeeping software applications are QuickBooks Online and Xero. Within that, you’ll get a lot of arguments about which one is better and why. So, which one is number three in the best bookkeeping software applications according to bookkeepers?

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8 Pinterest Influencers Share Their Best Advice for Small Business Owners

Fundera

As a small business owner, you know the power social media can play for your business. It can bring new customers through the door, help you sell online, and lead to viral press. While you’ve most likely figured out Facebook , Twitter, and Instagram on your own—you might be lost when it comes to one of the largest social networks out there … Pinterest.

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Starting Out With Your First Credit Card

Fundera

For whatever reason, you’ve come to a point in your life when it’s time to get your first credit card. Maybe you’ve just graduated college, or you’ve just turned 18 and want to get ahead of the credit-building game. Without a doubt, this is an exciting moment on your path to become financially independent—but it comes with some uncertainty and unknowns.

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It’s Tax Time. Are You Ready?

Fundera

If you’re like most taxpayers, you always end up with with an ominous stack of “homework” around tax time. Unfortunately, the job of pulling together the records for your tax appointment is never easy—or even fun—but the effort usually pays off when it comes to the extra tax money you save from being prepared. When you arrive at your appointment fully prepared, you’ll have more time to: Consider every possible legal tax deduction available.

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Is It Time to Say Goodbye to Accepting Cash?

Fundera

Could cash no longer be king? The assault on physical currency that began in the 1950s and 1960s with the introduction of credit cards is now a full-scale onslaught against banknotes, as smartphones and other forms of mobile technology increasingly muscle in on the global payment process. Current trends and technology advances for processing payments point to cash’s dominance becoming a distant memory some day.

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How to Access the Ultimate Productivity Hack—Happiness

Fundera

When looking for ways to boost the bottom line, businesses usually look for shortcuts— apps that automatically do work for you, or techniques to upsell your way to the top. But as in life, there are no shortcuts to the ultimate work hack—happiness. On an individual level, there may be no better way to be more productive than being happy. When people feel engaged and passionate about their work, they work harder, faster, better.

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What Is DBA and When Does Your Business Need One?

Fundera

If you’re starting a business for the first time, you have important decisions to make. But you’re (probably) not a lawyer—and you might be unfamiliar with all the legal terms and acronyms that get thrown around when you’re taking the steps you need to start a business. From LLCs, S corps vs. C corps , to filing a DBA, there are a lot of important legal acronyms you need to understand before you open your doors for business.

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What All Aspiring Entrepreneurs Need to Know Before They Franchise Shop

Fundera

The most important thing an aspiring entrepreneur should know before investing in a franchise is that doing so means not really being an entrepreneur. That’s the advice of Joel Libava, a franchise ownership consultant who is also known as The Franchise King. He says not everyone is suited for franchise ownership because it requires a certain type of personality and a willingness to follow the rules. “Another translation would be ‘folks who are not too entrepreneurial,'” h

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7 Habits That Are Driving Your Customers Crazy

Fundera

We’ve all got our own bad habits—things like hitting the snooze alarm instead of waking up for that early-morning workout, procrastinating on projects, or drinking way too much coffee. But while those habits only affect ourselves, many entrepreneurs have bad business habits that make their customers nuts. Are you guilty of any of the following bad habits?

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Can You Afford That Loan? Here’s How to Tell

Fundera

In many ways, a small business loan search can be broken down into a step-by-step process. First step, decide that taking on debt is the next move for your business. Whether to relieve the stress of a coming cash crunch during the slow season or to finance a new, exciting business opportunity, your business needs more capital. The second step—one often skipped over by eager business owners—is one of the most important parts of the business loan application process: figuring out if you can actual

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7 Ways to Change Your Worst Business Habits

Fundera

It’s February. How are you doing on those New Year’s resolutions? If you’ve fallen off the wagon, don’t worry: Every day is a new opportunity for transformation, even if it’s not January 1st. But how can you actually change those bad business habits that are holding you back? You know what I’m talking about: getting distracted by Facebook, responding to the “ping” of your email like Pavlov’s dog, putting off the most important (but most onerous) to-do of the day.

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Accounting Experts Divulge: Here Are the 8 Best Spots for Top-Notch QuickBooks Training

Fundera

There are many avenues you can go down to find awesome QuickBooks training, but finding the best of the best can be tough. Luckily, I recommend options to my clients all the time, and after years of experience, I have found the below resources to be the most consistently reliable when it comes to Quickbooks training. Following are free training resources offered from a variety of Intuit and non-Intuit related websites and people.

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The Best Amex Card for Business

Fundera

In general, every small business owner can benefit from using a business credit card. Business credit cards are a great way to manage your company’s expenses and earn valuable rewards—no matter the type of business you run. But when you’re wondering what’s the best Amex card for business out there, you have to get a little more specific. Depending on the type of business you run—and what you want to get out of your business credit card—the best Amex card for business will vary from company to c

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Everything You Need to Know About the Southwest Business Credit Card

Fundera

If you’re traveling across the country for business, Southwest is a convenient, budget-friendly airline—and one with an excellent business credit card offer. The Rapid Rewards ® Business Premier credit card doesn’t offer much by way of travel perks (your card can’t give you free checked bags when everyone gets two free) but it does offer an excellent signup bonus.

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Will You Hire Your Next Top Employee With Facebook Jobs?

Fundera

Facebook has a long history of going after their competition, challenging them with new Facebook features, or simply acquiring their whole business—see Instagram, Whatsapp, and 61 other acquisitions in Facebook’s lifespan. Now, Facebook is taking a stab at LinkedIn’s niche, letting businesses and organizations post job openings and take user applications directly on Facebook.

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CECL Q&A - data

Abrigo

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.

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The Two Biggest Challenges Public Accountants Face

Abrigo

By Jackie McLaughlin, CPA Two of the biggest challenges that partners face when undertaking an audit engagement is risk mitigation and efficiency. Without proper risk mitigation a firm may issue an incorrect audit opinion and without audit efficiency, a firm may not be able to achieve healthy profit margins. So the real challenge for the auditor is to perform a more efficient audit, or do less work while maintaining an acceptable level of audit risk.

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Managing risk in MBL: Best practices and comprehensive strategies for credit risk management

Abrigo

The NCUA passed a new MBL rule, effective January 1st of this year. This is part of larger efforts to expand credit unions’ ability to expand their commercial lending portfolios. As a recent Sageworks blog post on the new MBL rule explains,“one key aspect of the new rule is the clarified distinction between Commercial Loans and Member Business Loans, and the affirmation that 'non-member loan participations do not count against the statutory MBL cap'”.