- Changes to Ohio Charitable Registration
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written on December 21, 2011
by William Riccio
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Tracking Business Finances
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The Ohio Attorney General’s Office has made changes that affect the way charities and non-profits register.
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- 2012 Federal Standard Mileage Rates
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written on December 21, 2011
by William Riccio
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Tracking Business Finances
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Internal Revenue Service notice 2012-01 contains the federal standard mileage rates for 2012.
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- Invoicing Practices and Collection Effectiveness
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written on December 01, 2011
by John Doucette
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Receivables Management
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The first step of the Payment Cycle is billing. It’s hard to collect an invoice that the customer does not have or which is inaccurate or incomplete. Here are a few simple suggestions to make your invoicing process more effective.v
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- Is a Family CFO the Right Solution for Your Complex Wealth Management Needs?
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written on December 01, 2011
by Frank Fantozzi
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Investment Management
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Do you find that you never seem to have all of the information and advice you want, when you want it? Is your financial information in multiple locations and never easily accessible to you?
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- Ohio Minimum Wage Rate Increase for 2012
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written on November 04, 2011
by William Riccio
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Tracking Business Finances
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On January 1, 2012 the Ohio minimum wage rate will be increasing.
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- Is it Time to Sell? Knowing when to get rid of a security requires strategy
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written on October 28, 2011
by Frank Fantozzi
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Investment Management
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Selling is essentially a negative decision — in a sense, it’s turning our backs on an investment we formerly liked. So if an investment is doing well, the tendency is to want to stick with it to see if it does even better.
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- Social Security Wage Base Increased for 2012
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written on October 27, 2011
by William Riccio
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Tracking Business Finances
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Social Security Administration recently published their Cost-of-Living Adjustments for 2012.
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- The 2012 Election Could Bear Heavily for Investors
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written on October 13, 2011
by Frank Fantozzi
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Investment Management
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Early in September, seeking to avoid a government shutdown, the House Appropriations Committee introduced a continuing resolution (CR) for fiscal year 2012. It begins on October 1st, 2011 and would fund government agencies through November 18th, 2011.
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- Benchmarking Collection Performance
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written on September 27, 2011
by John Doucette
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Receivables Management
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As a business owner you need to know if your business is healthy. You monitor sales, cash flow and profitability, of course, but what about other financial and operational metrics? Following are some benchmarks for assessing the efficiency and effectiveness of your commercial collection activities.
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- The Downgrade What You Need to Know
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written on August 28, 2011
by Frank Fantozzi
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Wealth Planning
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Despite passing the debt ceiling and spending cut deal anticipated by the markets, last week's data and events pulled bond yields lower and left the S&P 500 now down about 10% from this year's high. The slide may seem all too familiar.
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- Debt Ceiling Raised
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written on August 05, 2011
by Frank Fantozzi
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Wealth Planning
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The hard fought debate in Washington has come to an end. A two-step deal to lift the debt ceiling by $2.1 trillion and cut about $2.4 trillion in spending over a decade has been signed into law.
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- 2011 Mid-Year Economic Outlook A Mix of Clouds and Sun: On Track
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written on July 13, 2011
by Frank Fantozzi
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Investment Management
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In the first half of 2011, the investing climate has been favorable — producing modest single-digit gains for the major asset classes. Two years after the green shoots of economic growth were first evident in mid-2009, they have blossomed and taken root.
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- Updated 2011 Federal Standard Mileage Rates
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written on June 28, 2011
by William Riccio
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Tracking Business Finances
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Under Revenue Procedure 2011-69, the Internal Revenue Service has issued updated federal standard mileage rates for 2011.
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- Are We in a Stock Market Pullback?
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written on June 22, 2011
by Frank Fantozzi
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Investment Management
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The attraction of a summer day at the ballpark endures, but it is no longer the most common topic of conversation during these early days of summer. Instead, the six week decline in the U.S. stock market seems to be the topic on everyone's lips.
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- Prioritizing Collection Activity - You Can't Call Them All
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written on June 06, 2011
by John Doucette
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Receivables Management
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Two things are true for most businesses: a significant percentage of sales (and therefore receivables) are concentrated in a small percentage of customers and they have insufficient staff resources to contact every customer about past due payments. I suggest adopting a collection strategy that identifies priority accounts for ongoing personal attention and uses efficient automated processes to contact the others.
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- Alphabet Soup... How to Choose a Financial Advisor
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written on June 06, 2011
by Frank Fantozzi
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Business Financial Planning
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I’m often asked ”Why should I hire you as my financial advisor?” I normally respond that it depends on what you need. I’ll be the first to tell you that one financial advisor does not fit all.
As the financial markets become increasingly complex, so does the process of choosing an advisor. In 2008, we saw thousands of investors flee Wall Street and bank-affiliated advisors, but more often than not, they were not sure where to go once they left. Selecting the right advisor for you is no easy task, but a little guidance can go a long way in helping you cut through the clutter.
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- Where to Start! Certified Divorce Financial Analysts: Save Valuable Time and Money in a Divorce Process
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written on May 13, 2011
by Frank Fantozzi
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Financing Solutions
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Here is a somewhat disheartening and sobering fact: the US Census Bureau estimates that there are currently 50 percent as many divorces as there are marriages. The divorce rate has doubled from that of the early 70s.
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- Markets Transitioning into Spring
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written on May 02, 2011
by Frank Fantozzi
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Wealth Planning
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The transition from March to April generally marks the turning point in the seasonal calendar from winter to spring. For many Americans, this transition also marks the end of pothole season and the beginning of mud season.
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- The Cost of Extending Credit
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written on April 21, 2011
by John Doucette
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Receivables Management
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Many small businesses extend credit to their customers as a matter of course, without evaluating the cost and consequences of doing so. In most cases you will want to continue selling to your customers on credit but you should understand what it costs you, take reasonable steps to reduce this expense and consider some alternatives.
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- Is Collective Bargaining Healthy for Taxpayers and our Financial Markets?
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written on April 12, 2011
by Frank Fantozzi
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Wealth Planning
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With Senate Bill 5 passing in Ohio and many States considering similar measures in dealing with deficit positions, reexamining collective bargaining and its merits to taxpayers and in general financial markets seems overlooked. Senate Bill 5 has clearly polarized groups.
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- Fight or Flight... Should I Stay in the Market or Run and Hide?
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written on March 15, 2011
by Frank Fantozzi
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Investment Management
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As history attests, the reason man still exists today is due to our great survival skills. There is a part of our brain that tells us when to fight and when to run.
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- Tips for Making Effective Collection Calls
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written on March 04, 2011
by John Doucette
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Receivables Management
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In most small businesses the person who is responsible for making collection calls is not a full-time professional collector but is someone with significant other responsibilities – a bookkeeper, salesperson or even the business owner. Here are some tips for making effective collection calls while maintaining good customer relationships.
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- Keep Emotions in Check When Making Investment Decisions
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written on March 04, 2011
by Frank Fantozzi
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Investment Management
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The recession and the continuing sluggish economy have pushed investors’ emotions to the extreme. Deciding what to do with your investments during tough times can be difficult, and emotions sometimes get in the way of making sound choices.
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- Invoicing and the Collections Process
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written on March 01, 2011
by John Doucette
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Receivables Management
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The first step of the accounts receivable management process is invoicing. It’s hard to collect an invoice that the customer does not have or which is inaccurate or incomplete so here are a few simple suggestions to make your billing process more effective.
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- Why is Unemployment Stuck at Nine Percent
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written on February 10, 2011
by Frank Fantozzi
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Business Financial Planning
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When a recession strikes, an unfortunate by-product is that many workers are let go, and not always for economic reasons. A dark undertone plaguing unemployment is that many companies view difficult economic times as an opportunity to let go of marginal performers.
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