Monthly Archives: September 2013

Revisiting your Banking Relationship – Time to get back into the water

Needless to say that the mortgage meltdown a few years back shrunk the number of viable banks and set the table for numerous acquisitions in lieu of failures.  The backlash was that companies coming off of the impact to profits, cash flow and liquidity issues from the recession found banks were not very interested in lending money unless you had plenty of your own.…

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Affordable Care Act Notification Requirement for Small Businesses

Many small businesses have not been paying much attention to the requirements of the Patient Protection and Affordable Care Act because they have fewer than 50 employees which is the threshold for application of most of the rules. However, businesses subject to the Fair Labor Standards Act (which includes most businesses with annual revenues exceeding $500,000 or engaged in interstate commerce) must provide notice of coverage options available through the Health Insurance Marketplace even though they have fewer than 50 employees.…

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Are Businesses Ready for Electronic Currency?

As small businesses become more global through increased direct importing and exporting activities, there is a growing need for a universal currency. Bitcoin was launched in 2009 as a digital currency to easily process multinational transactions. Currently, Bitcoin is used mostly by techies, but some businesses are experimenting with this payment method for certain transactions.…

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