Fundera
MAY 30, 2019
Many entrepreneurs feel overwhelmed by the thought of filing their small business taxes. If that’s how you feel, we don’t blame you since there’s a lot that goes into preparing your business for tax day. Even before the deadline for actually filing your tax return, there’s a lot of tax prep that you should ideally be doing throughout the year.
Abrigo
MAY 31, 2019
Last week, Sen. Thom Tillis (R-NC) introduced a bill, S. 1564 , calling for a delay in the implementation of the Financial Accounting Standards Board’s current expected credit loss (CECL) standard. The bill would delay CECL until a “quantitative impact study can be completed to understand its likely effects it will have on the economy.” While FASB pushed back the effective date for non-public business entities (PBEs) in October 2018, from fiscal years beginning after 12/15/2020 to 12/15/2021, FA
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Wellen Business Credit
MAY 28, 2019
Cashless payments are emerging in all areas of global commerce because of their safety and convenience. These cashless payments reduce the risk of cash handling and are compatible with several systems that make global transactions possible and traceable. They can take on several forms, from “primitive” credit and debit cards, and online transfers, to more technologically-forward mobile apps, mobile wallets, contactless cards, and RFID (among others).
Midwest Corporate Credit
MAY 29, 2019
What are the most important lines on your business tax returns when you're seeking large amounts of business financing? Source.
Fundera
MAY 27, 2019
Expenses aren’t as fun to think about as sales, but they are an essential part of your business. Even if you are the sole proprietor of and only worker in a service-based business, you will still have business expenses. Unlike a W-2 employee who gets to keep their entire salary—less taxes, of course—you won’t be able to keep every dollar you earn in your business.
Abrigo
MAY 30, 2019
Whether you know a little or a lot about BSA/AML software automation, there are a few key elements to consider. First of all, what are the system’s capabilities? Second, what are some indicators of software that gets the job done? Many Compliance Officers and examiners agree that automation makes your BSA program more efficient. But it’s important to know what you’re looking for.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Abrigo
MAY 30, 2019
Taking the first step into automating your BSA program can be daunting. Helping hundreds of institution through this process has helped our team put together a few questions to help you navigate this journey. Can you check the box on your BSA software? 1. Am I doing too much manually? With the increasing expectations of BSA, a highly manual process can fall short.
Abrigo
MAY 29, 2019
For some people, going on vacation is a necessary break. For BSA professionals, it can be nothing but major stress. The compliance department is already one of the most understaffed areas of the institution and when staff turnover occurs or an employee goes on vacation or family leave, it can be cause for panic. What about seasonality with your alerts?
Fundera
MAY 26, 2019
1099 Form Definition. The 1099 form actually refers to a series of IRS tax forms that are used for reporting income other than the salary an individual makes as an employee. Specifically, the 1099-MISC form is the version of the IRS form 1099 that reports “miscellaneous income.” As a business owner, you’re responsible for completing 1099-MISC forms for any independent contractors you’ve worked with in the given tax year.
Fundera
MAY 29, 2019
You’ve hired a bookkeeper or engaged an independent firm to handle the accounting for your small business. Smart move! Now you can focus your time and energy on doing the things you do best to grow your business. Things are flowing along nicely with this arrangement… and then your tax accountant presents you with an adjusted trial balance. Now you’re starting to wonder why adjustments to your books are needed.
Fundera
MAY 27, 2019
The Lowdown on Square Fees. Square fees are contingent on three variables: The Square POS hardware you use, the Square POS software you use, and how you accept payment. The more you pay for your hardware and software, the lower your payment processing fees will be. But there is also a version of Square POS hardware and software you can use at no cost, meaning the only price you will pay is the payment processing fee.
Fundera
MAY 28, 2019
There are nearly 4 million small businesses in California, making the state a leader in entrepreneurship. A large percentage of California businesses are limited liability companies (LLCs). LLC is a popular type of business entity structure among small business owners because it offers a combination of flexibility, legal protections, and tax advantages.
Fundera
MAY 31, 2019
Expense management might be the least exciting part of owning and running your small business. After all, seeing the money come in is much more satisfying than watching it go out in the form of expenses. Exciting or not, expense management is a key part of business accounting and is crucial to your business’s health and profitability. And part of expense management is knowing how the different kinds of expenses in your business impact your cash flow and profitability.
Fundera
MAY 29, 2019
Whether you’re looking to start an ecommerce business or simply develop a digital presence for your brick-and-mortar store, the first step you’ll need to take is to create a business website. Luckily, there are a number of platforms on the market that allow you to do just that, regardless of your technical knowledge or skill level. One of the most popular of these website builders is Wix, which services over 150 million users in 190 countries.
Fundera
MAY 28, 2019
Harbortouch POS System Review. Harbortouch offers two POS systems: Echo POS and Elite POS. Echo costs $29 per month and is designed for businesses with low transaction volumes. Elite is designed for medium and large-sized businesses, and comes with a robust set of features. Tread carefully though—Harbortouch’s long-term contracts and payment processing have generated numerous user complaints.
Fundera
MAY 31, 2019
If you’re looking for simple, straightforward business bank accounts , First Hawaiian Bank can help you out there. It offers five business checking accounts , each with its own perks and features. This can help you find what works for you, whether you need a fee-free experience or want to earn interest on your balance. A business banking experience with First Hawaiian might be best if you live or work near a branch.
Fundera
MAY 30, 2019
Selecting a business bank account is an important decision for any small business owner. This account is where you’ll pay your expenses and save up for your business’s future. Because it serves such a key role in your business’s finances, it’s important to find a business checking account that fully aligns with your business’s needs and can help rather than hamper its growth.
Fundera
MAY 30, 2019
The Top 5 iPad POS Systems of 2019. The Square Stand. The Clover Reader. PayPal Here. QuickBooks GoPayment. Lavu POS Simple Bundle. Since Square released their headphone jack card reader in 2010 , iPad POS systems have become the go-to solution for affordable, easy payment processing. To be sure, many POS systems for iPads and tablets have flooded the market since 2010, so if you’re looking for the right one for your business, you’ve got plenty of options to choose from.
Fundera
MAY 29, 2019
ShopKeep POS Review. ShopKeep is a popular POS option used by over 25,000 businesses across the country. When you sign up for ShopKeep POS, you’ll get access to powerful POS software that can handle most important business functions, including inventory, employee, and customer relationship management. ShopKeep’s hardware store also features a broad range of options for different types of business.
GoCardless
MAY 28, 2019
Hear from the CFOs at GoCardless, SideTrade, The FD Centre and Wolffepack as they discuss how the role has evolved – with insight into the challenges and opportunities they face in a changing financial landscape
Fundera
MAY 28, 2019
What Is Square Payroll? Square Payroll is Square, Inc.’s payroll software that provides businesses with a full range of payroll and tax administration capabilities. Beyond the basics, Square Payroll also offers additional time-saving features like online employee and contractor accounts, direct deposit payments, and tip syncing. You can also sync your payroll directly to Square Point of Sale and automatically import your employees’ virtual timecards into your compensation system.
Fundera
MAY 27, 2019
If you’re in the market for a new business bank account and you’re considering a Frost Bank small business account, you’re in the right place. It’s important to do your homework and shop around before you sign up for a business account. You’ll want to make sure the account serves to help you and your business. A business checking account should help make things easier and run more smoothly.
Fundera
MAY 26, 2019
Choosing a business bank account may not be the most glamorous part of being a small business owner but it’s an important step nonetheless. Do you want to earn interest on your deposits? What’s your average monthly balance likely to be? How many transactions do you make each month? Your answers to each of these questions will help determine your choice of business checking accounts.
Fundera
MAY 25, 2019
Clover POS System Review. Clover POS allows you to pair two different software plans with four different hardware plans in order to create a POS solution that makes the most sense for your business. Generally, Clover offers a nice variety of features at a price that won’t break the bank. Ever since the portable point of sale (POS) came onto the scene, the market seems to have flooded with different versions of this product for small business owners to choose from.
GoCardless
MAY 30, 2019
Key takeaways and expert insight from Merchant Risk Council 2019.
Fundera
MAY 25, 2019
Form 1040X Amended Tax Return. The 1040X is an IRS tax form used to make adjustments to a personal tax return that’s already been filed with the IRS for the year, most typically Form 1040. IRS Form 1040X is not, however, used to correct simple mathematical errors, but rather to make changes for additional income, filing status updates, and dependent or exemption amendments.
Fundera
MAY 31, 2019
Square vs. PayPal. When comparing Square vs. PayPal, each offers several product options to consider including point of sale systems, online processing, invoicing, and more. Ultimately, although Square and PayPal can provide your business with similar functionalities at a comparable cost, Square is better for brick and mortar businesses who need a robust point of sale system, while PayPal is preferable for solely online-based businesses.
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