The often-repeated cliché is true: small business really is the backbone of the US economy. It can be also very rewarding to be the owner of one. Plus, 2016 promises to be a great year for those starting a new business. Since so many people are taking the path to becoming small business owners, the...
[content field="callout1" format="true" class="calloutwide"] A number of years ago a friend, an MBA from an Ivy League business school, asked me what the difference between finance and accounting was. Up to that point I had not thought about it myself since my career had me in both worlds. We talked about it for a little bit, and afterwards...
[content field="callout1" format="true" class="calloutwide"] Managing the books is often one of the biggest headaches for small-business owners. When employees make purchases on behalf of the company — either with their own money with the intention of being reimbursed or with company money in the form of a check or credit card — managing the expenses...
[content field="callout1" format="true" class="calloutwide"] On October 1, the new rules requiring merchants to comply with EMV and accept chip-enabled credit cards, or face liability for fraudulent charges made at their business went into effect. As most consumers have received — or will receive shortly — new credit cards that contain chips designed to better secure...
[content field="callout1" format="true" class="calloutwide"] This week on Ignition, Raj Thakkar, CEO and founder of FOREsight Financial Services for Good shares everything business owners need to know about organizing your business finances. This is box titleQuestion of the Week: I run a popular local restaurant. We have two locations and could do a third but before I go down...
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Is Your Small Business Ready for EMV Compliance? The credit card processing industry is currently undergoing a gradual shift. While credit cards have traditionally been processed using a magnetic stripe, a new technology will soon have retailers using a smart chip. This type of transaction is more secure and can store more information than magnetic...
