Abrigo
JUNE 30, 2017
While the Big 4 firms often receive the majority of coverage and attention in the accounting industry, they are far from representative of the average firm in the U.S. In fact, 90% of all accounting firms have 10 or fewer collective partners or owners ( AFOT ). By 2024, sector growth of 11 percent is expected - this forecast should provide confidence for you and especially your clients.
Fundera
JUNE 26, 2017
Interested in expanding your business credit profile? Great! There’s so much that goes into that process, but an often overlooked aspect is your business’s history with UCC-1 filings. . You might have seen a reference to a UCC-1 filing on your business’s credit report, but if that previous sentence just launched you into financial confusion—don’t worry!
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GoCardless
JUNE 29, 2017
Cloud accounting is the future - and over a third of UK accountants are already there. Discover our A-Z of cloud accounting.
Abrigo
JUNE 26, 2017
By Alison Nailor, Sageworks As a business owner, you understand it’s important to be aware of your company’s cash flow and manage it well. In the rush of day to day business management, however, this can be difficult. According to a recent Crowe Horwath survey of manufacturing companies and distributors, 54 percent do not have a strategy for managing their working capital.
Fundera
JUNE 29, 2017
We’ve all been there: You buy what you feel is probably an overpriced product from a major brand, and as you leave the store you wonder how much it actually costs to make. Are you buying marketing and advertising as much as the product itself? And how much of what you paid actually goes to the workers who made them, rather than the corporate executives?
Fundera
JUNE 27, 2017
Business credit cards with 0% interest can be a great option for small business financing. You only borrow what you need, and you have a period of time to pay off your debts interest-free. On some credit cards, you can even earn rewards on your purchases. And 0% APR credit cards are particularly appealing if you have a new business and want to pay for startup expenses like furnishing the office, getting your initial inventory, and other setup costs.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
JUNE 28, 2017
According to the U.S. Bureau of Labor Statistics , 1,332,700 people in the US call themselves accountants, and according to the AICPA (American Institute of Certified Public Accountants) , t here are over 660,000 active CPAs. With so many accountants out there, how do you know that you’re working with one you can trust? According to the AICPA, 168 CPAs received disciplinary actions in 2016 and 78 have already been reprimanded in the 1st quarter of 2017.
Abrigo
JUNE 29, 2017
During a recent Sageworks webinar , Linda Keith, CPA, covered the top questions she gets from bankers on k-1’s, pass-throughs and global cash flow analysis. Keith collected data from her website, where articles answering these questions collectively received over 66,700 views. Keith’s most viewed article on her site, with over 21,400 views, is “What does it mean when the k-1 income/loss is listed as ‘passive’ instead of ‘non-passive’”?
Abrigo
JUNE 28, 2017
FASB's guidance for estimating expected credit losses is not prescriptive, so, examiners are not asking exactly how you plan to calculate your reserve under CECL today. However, due to the shift from an incurred to expected loss model, banks need to be working on loan-level data collection now as a first step toward being compliant under future GAAP.
Abrigo
JUNE 28, 2017
There’s a reason many people wait until their mobile phone is hopelessly outdated before getting a newer version. Technology change can be overwhelming. Learning about new phones, selecting one that best meets current and future needs, ensuring it’s a fair price and getting it to work the way it should are among the steps that inhibit many people from “upgrading” until they absolutely have to.
Fundera
JUNE 25, 2017
A lifelong musician, David Rhodes always knew that he wanted a career in music. After spending time as a composer and performer at an experimental theater company in San Francisco, he decided to make the move to Los Angeles to pursue his bachelor’s degree and MFA in piano and composition from the California Institute of the Arts. Photo courtesy of the Larchmont Ledger by Kimberly Gomez.
Fundera
JUNE 24, 2017
If you’re running a business that provides a professional service or regularly gives advice to clients, you should consider getting professional liability insurance. This type of insurance helps protect you against lawsuits and claims made against you by customers or clients. The policy you choose will depend on your specific area of business, coverage needs, and field, but as you begin the process of selecting the right coverage for you, be sure to avoid these five mistakes. 1.
Fundera
JUNE 27, 2017
You’ve decided it’s time to find a bookkeeper to handle your business’ books. Smart move! Handing off your bookkeeping to a professional lets you focus on running your business without having to do your bookkeeping during your “downtime.”. But where do you go to find a bookkeeper? How do you know if you have found someone qualified? Do you know what questions to ask prospective bookkeepers and bookkeeping firms?
Fundera
JUNE 28, 2017
The facts surrounding minimum wage increases are complex and confusing. Nevertheless, most Americans have managed to create a completely cut-and-dry discourse around the subject. For the most part, from laypeople to business owners to legislators, we are either for or against raising the minimum wage. However, as recent surveys in Seattle have proven, the question of raising the minimum wage is far trickier than most are willing to admit.
Fundera
JUNE 26, 2017
When Donald Trump was elected in November 2016, there was plenty of speculation about whether or not he’d be the leader small business owners were looking for. While the economy has significantly improved since the Great Recession, many of America’s small businesses still struggle with issues like financing and government regulation. Trump is a businessman—one of the most notorious of the 21st century—which made his election an exciting event for business owners.
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