Fresh Insights

Information created to address your business’s top challenges and concerns, and help you manage your personal finances for greater financial success.

Businesses prepare to accept EMV credit cards.
If your business accepts credit and debit cards for payment, you need to be aware of a major change that’s coming to card processing in less than a month. Beginning October 1, liability for fraudulent card transactions could shift from your bank to your business if customers present new EMV credit cards for payment but you have not installed EMV-capable terminals at your point of sale. EMV stands for Europay, MasterCard® and Visa®, which is a new type of card processing technology that’s based on microchips instead of magnetic stripes, wherein a small credit card chip is embedded. If you have not yet done so, it’s time to make the leap to the new technology.
Rolling revenue forecasts lead to greater business budget flexibility.
Budgeting lies at the heart of almost all the financial planning and revenue forecasting activities a business performs. Companies must have a good idea of what their anticipated expenses and revenue will be before they can plan for the future with any degree of certainty. This post outlines a few tips on how to improve your budget and revenue forecasts and the tools you can use to do so.
Growing businesses can benefit from outsourced CFO

It’s not unusual for growing businesses to reach a point where they need a higher level of strategic financial expertise to reach the next level — the kind of expertise offered by a Chief Financial Officer (CFO). But hiring a full-time CFO represents a big financial commitment since he or she will probably command a six-figure compensation package.

Begin planning business succession early.
Most business owners are hard-working, resourceful and independent individuals. After all, these are a few of the traits essential to business success. These also are the traits that can lead small and midsized business owners to put succession planning on the back burner. “I’ve worked hard for decades to build my company and make it successful,” owners often think. This can make it difficult for them to envision the day when they have to hand over the reins of leadership to someone else. Read on to learn how you can move forward with succession planning.


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