Corporate account takeover is a type of fraud where thieves gain access to a business’ finances to make unauthorized transactions, including transferring funds from the company, creating and adding new fake employees to payroll, and stealing sensitive customer information that may not be recoverable. First Federal Lakewood recommends following these tips to keep your small […]
The internet is not only an incredibly vast source of information and entertainment, it’s also a convenient, time-saving tool for important tasks like banking. With online banking on the rise for both consumers and businesses, it’s more important than ever to follow a few basic steps to safeguard both your computer and your company’s sensitive […]
As more companies reveal data breaches on large scales, the need to protect yourself, your reputation, and your financial interests with identity protection services is growing daily. Types of Services Services should go beyond monitoring your credit score. A good credit monitoring service will let you know whenever someone does any of the following: Checks […]
Consumers today rely heavily on credit and debit cards to make purchases both large and small. How many of us, after all, pay cash when fueling our cars? And then there’s online shopping. Most of us don’t hesitate to order online. Some of us even use a card to purchase coffee on our morning commute. […]
Starting a business with a partner affords many benefits. In a perfect world, that means sharing the expenses, ideas, workload, responsibilities, and profits. In the real world, it can mean personal liability for the partnership’s activity, emotional ups and downs, personality conflicts, and differing ideas. What Is a Partnership? There are three standard types of […]
At a certain point, every businessperson needs to know what their company is worth. Whether you are considering purchasing an existing business, selling your business, looking to attract investors, or thinking about going public, here is a look at how to approach valuing your business. Reasons for Valuing The two most common reasons: selling your […]
Dear fellow Chamber members, I hope that all of you and your families are doing well and staying healthy! Being that we are living in unprecedented times, it is important that we remain connected with our colleagues, and centers of influence, because we are all in this together. Like many today, myself included, we’ve had […]
Every accountant will tell you the same thing: always keep your business and personal expenses separate whether you’re a small business owner or a one-person operation. There are consequences to mingling money. The tax people do not like it and neither does your accountant. Keep them happy and your business prospering. Here are five ways […]
In May 2018, banking rules under the Bank Secrecy Act changed to help assist the government and law enforcement in the ongoing fight against money laundering and the financing of terrorism. The new rule went into effect when an account is opened on behalf of a business or covered “legal entity,” and requires banks to […]
When shopping for a loan, there are many options available to you, including whether to obtain a secured or an unsecured loan. Understanding these types of loans in more detail can help you borrow money wisely. What is a Secured Loan? Lenders often issue loans secured by a specific item of personal property. This item […]
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