A surprising number of businesses fall prey to fraud by doing transactions with non-existent companies.. This fraud allows non-existent, or otherwise fraudulent businesses, to establish credit. These firms then dupe unwary small businesses. Once duped, these victims sometimes employ specialized firms to collect bad debts.
For those companies thinking about transitioning accounting departments to paperless have this 2018 tax season, these tips can turn a potentially negative experience into a positive one. Jesse Wood, CEO of eFileCabinet offers these five tips.
As more and more consumers purchase prepared food rather than cook at home, the currently attractive margins for such offerings face mounting challenges. Not the least are labor costs, which are under pressure from economic and regulatory trends. Integrating higher labor costs into the pricing algorithm represents the next major challenge for food sector leaders.
Whether a neighborhood deli, central food kitchen, or gourmet restaurant, the need to find ways of doing more with the same or fewer employees is expected to become more important in 2017.
As recently as a decade ago, if you were a small business owner with a bad personal or business credit score, you could forget about getting a loan from a traditional bank or credit union.
March, April and May have long been associated with “spring cleaning,” and most small businesses take advantage of this time period to tidy up around the office and organize their work space. Unfortunately, too many small businesses forget to include a vital aspect of their everyday business in their spring cleaning routine– their virtual office.
The typical organization in loses 5% of its revenues to fraud each year.
Although 5% may not sound like much, when you consider that the average profit margin in the U.S. is only 6.5%, a typical fraud occurrence could easily mean the difference between solvency and bankruptcy. Globally that translates to $3.5 trillion.
Buying a business is often a life-changing investment. Any new owner knows they are putting their money and reputation on the line. Naturally, they want to find the perfect investment – but the perfect business does not exist.
According to Andrew Cagnetta, the CEO of Transworld Business Advisors, grading a business comes down to five key criteria:
A surprising number of businesses fall prey to fraud by doing transactions with non-existent companies.. .JPG)
For those companies thinking about transitioning accounting departments to paperless have this 2018 tax season, these tips can turn a potentially negative experience into a positive one.
As recently as a decade ago, if you were a small business owner with a bad personal or business credit score, you could forget about getting a loan from a traditional bank or credit union.
March, April and May have long been associated with “spring cleaning,” and most small businesses take advantage of this time period to tidy up around the office and organize their work space. Unfortunately, too many small businesses forget to include a vital aspect of their everyday business in their spring cleaning routine– their virtual office.
Personal and business data floods the mail and Internet during tax season.
The typical organization in loses 5% of its revenues to fraud each year. 
According to Andrew Cagnetta, the CEO of 
