Small Business Financing: Securing a Loan

Small Business Financing: Securing a Loan At some point, most small business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants, and how to properly approach them, can mean the difference between getting a loan for expansion or scrambling to find cash from other sources. Unfortunately, many…

Paying off Debt the Smart Way

Paying off Debt the Smart Way With a potential economic downturn in the wings due to COVID-19, being debt-free is a worthwhile goal. Unfortunately, between mortgages, car loans, credit cards, and student loans, this is unrealistic for most people – especially those of pre-retirement age. Instead, it’s better to start by focusing on managing debt.…

Personal Goodwill in a Texas Divorce

What is Personal Goodwill in a Texas Divorce? Written by: Anthony DeBenedictis, CPA, ABV, CFF, CFE Goodwill is an intangible asset often defined as “the value of a trade or business attributable to the expectancy of continued customer patronage,” and that “this expectancy may be due to the name or reputation of a trade or…

Encryption

Encryption Written by: Madhu Maganti, CPA, CISA The need for encryption is at an all-time high with an increasing number of organizations and consumers falling victim to a whole host of cybercrimes. The cyber criminals never rest, and this means that organizations need to be vigilant as well as ensure the implementation of tough security…

Data is King

Data is King Written by: Madhu Maganti, CPA, CISA Evolution of Data Everyone and their big brother (no pun intended) is talking about data and more specifically, Big Data. Big Data is a technology buzzword that describes the current ecosystem in which there is significantly more data, and the processing of this data is beneficial…

What is My Business Worth?

What is My Business Worth? Written by: Anthony DeBenedictis, CPA, ABV, CFF, CFE In simplicity, the value of a business or an asset is the present value of all the expected future economic benefits (income steams).  In reality, this is a bit more complex.  Business valuation is the process of determining the economic value of…

Biometrics Identification – Boon or Bane?

Biometrics Identification – Boon or Bane? Written by: Madhu Maganti, CPA, CISA Biometric identification is any means by which a person can be uniquely identified by evaluating one or more distinguishing biological traits. Unique identifiers include fingerprints, hand geometry, earlobe geometry, retina and iris patterns, voice waves, DNA, and signatures. Biometric identification is still an emerging technology but…

Avoid These Common Errors When Filing a Tax Return

Avoid These Common Errors When Filing a Tax Return When filing a tax return, mistakes such as the common errors listed below can result in a processing delay – and increase the amount of time it takes to receive a tax refund. Using a reputable tax preparer such as a certified public accountant, enrolled agent…

Preparing an Effective Business Plan

Preparing an Effective Business Plan A business plan is a valuable tool whether you’re seeking additional financing for an existing business, starting a new company, or analyzing a new market. Think of it as your blueprint for success. Not only will it clarify your business vision and goals, but it will also force you to…