Archive | Finance

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Revenue Growth Vs. Cost Savings – Can’t They Co-Exist?

With the most recent economic downturn and slow recovery, we have all witnessed either personally or with companies we know well an abrupt transition from revenue growth and sales driven entities to lean and mean, cost cutting organizations and now possibly back again to revenue growth. This pendulum, depending on the market and economic conditions,  […]

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audit-checklist

5 qualities every internal auditor needs – does yours have them?

It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these […] [MORE]

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Preparing Audit Ready Financials: Best Practices to Avoid Common Pitfalls

Independent external audits of GAAP financial statements are an inescapable reality for finance professionals. External audits are required by statute for public companies and are also becoming the norm among private companies experiencing growing demands for transparency from regulators, investors, and other stakeholders. In this whitepaper you’ll learn: • How to develop a better process […] [MORE]

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Supreme Court: Severance still subject to FICA taxes

If you were hoping the Supreme Court would help you to reclaim some FICA tax refunds, you’re out of luck.  The Supreme Court unanimously voted that severance pay is still subject to FICA taxes. According to the Supreme Court, “Under FICA’s broad definition, these [Quality Store’s] payments constitute taxable wages.” It pointed to language in […] [MORE]

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Managing fixed assets: How to excel without Excel®

Yes, we’re talking about spreadsheets! And yes, spreadsheets can be useful. However, it all depends on the task for which you are using them. It cannot be emphasized enough that if you are still using spreadsheets for fixed assets management, you are losing time and money. Plus, you are putting yourself and your company at […] [MORE]

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Clock in

A zebra, no milk & a hairbrush: 12 wild excuses for being late to work

Of course you’ve heard that traffic on the highway was a nightmare … but how about a finance staffer who had a nightmare and that’s why he was late for work this morning?  That’s just one of the wildest real-life excuses employees have tried to get away with lately. CareerBuilder’s newest list gathered some of […] [MORE]

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It’s a business expense! 5 crazy tax deductions

Every year at this time, accountants see scores of tax deductions proposed by employers hoping to maximize their returns. Some of these deductions are reasonable, some are questionable and some are downright insane. To determine the latter, the Minnesota Society of Certified Public Accountants (MNSCPA) recently conducted its annual survey on the most unusual tax […] [MORE]

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No Foolin’ – April’s Shows are Showered with Spectacular Guests on Tamara Leigh’s TREND ON

     No Foolin’ – April’s shows are showered with spectacular guests to brighten up your personal and professional lives!  Tamara Leigh’s TREND ON will cover practical topics in always positive conversations (there’s enough negativity in the world — we’re trying to improve on that).  Here’s the Guest list, topics, & links for April’s schedule: 4/2/14 […]

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8 Accounts Receivable Financing Facts You Need to Know

Sometimes it can be difficult to stay afloat when you’re dealing with daily business expenses and demands. Or maybe your company’s business is steady but you’re still looking for ways to increase cash flow for seasonal demand. Accounts receivable financing (also known as invoice factoring) can free cash flow and reduce debt. Here are 8 […] [MORE]

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Fundraising & Business Development for Non-Profits on Tamara Leigh’s TREND ON

http://www.blogtalkradio.com/linkedlocalnetwork/2014/03/19/fundraising-business-development-for-non-profits-on-tamara-leighs-trend-on If you are struggling to find funds for your non-profit, if you are frustrated with social media and     can’t find the right channels to expand your partnerships, if you don’t know where to begin your prospecting, then read on as well as give a listen to Andrey Gidaspov, connector of people and […]

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THE ART OF SELECTING THE RIGHT PERSON FOR THE JOB

Identifying and selecting the very best individual for a key role within the company can be the ultimate challenge .  When considering candidates for a critical position, I have always felt a little uncomfortable basing my decision solely on a resume and 45 minute interview.  As a manager over the years who has hired many […]

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6 Reasons Why Businesses Should Consider Procurement Outsourcing

With the customer and market demands associated with most industries changing rapidly, it is critical that an organization’s best people remain focused on the business at hand while preparing for future opportunities. Within the procurement area this is especially true. It is crucial that the purchasing staff ensure your company is receiving the best value, […]

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6 Reasons Why Businesses Should Consider Procurement Outsourcing – to be cont.

With the demands associated with most industries changing rapidly, it is critical that an organization’s best people remain focused on the business at hand while preparing for future opportunities.   Within the procurement area this is especially true.  It is crucial that the purchasing staff ensure your company is receiving the best value, service and products possible from every supplier in order to satisfy your clients’ current […]

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How were last week’s NFL Playoffs Like Politics in America?

In the lull weekend before #SuperbowlXLVIII match-up between the Denver Broncos (my 2nd favorite team) and the Seattle Seahawks (not a fan of the #badrefcall #Touchception against my #Packers, but am a fan of former #Badgers QB #RussellWilson ) and with 2013’s Superbowl airing no less than 5 politically underscored commercials, and with this year […]

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Rich Rafdahl

What Contributes to a Successful Negotiation? Part 2 of 2

When you are fully prepared and ready to negotiate put together a final list of your top 2 or 3 preferred suppliers. If possible, get to know the individuals you will be negotiating with.  What is their style, what are their likes and dislikes, what are their goals, what are their strengths and weaknesses, what […]

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Rich Rafdahl

What Contributes to a Successful Negotiation? Part 1 of 2

In business, I have found that your negotiation strategy and tactical approach may vary depending on project and final objective.  For example, negotiating a one-time purchase typically involves a more basic plan and set of skills while an opportunity that requires continuous reliable supplier performance, specific services and on-going quality – often requires a more […]

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Most execs fear the IT talent shortage

Many companies are hiring IT pros now — but they’re having trouble finding people with the skills they need.  Most companies plan to hire technology professionals over the next year, but they’re worried about finding talent, according to a recent survey released by the Technology Councils of North America (TECNA). Among the 1,700 executives polled, 63% said their organization [...]

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Common practices that lead to bad IT hires

A growing shortage of talent means that it could be difficult to beat out the competition for new employees — and that the margin for error in hiring decisions will be smaller than ever.  To avoid missing out on top candidates and having to start the process all over again due to bringing in the [...]

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Online Data Backup an Essential and Efficient Solution to Any Business

Whatever disaster may occur, whether human error, theft, fire, defective components, or a system crash, having a remote backup of all of your important information ensures that it is safe, secure and easily accessible. Online data backup services have become more affordable, and service providers abound. Many online backup vendors offer similar functionality, but there [...]

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How to Use Mobile Payment Collection Technology to Boost Profitability

Enterprise investments in mobile automation are enabling field sales and service professionals to complete their tasks faster than ever before. But are their organizations getting paid any faster? If not, they are missing out on some of the lowest-hanging fruit on the mobile automation benefits tree. Click here to learn more!  

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Virtualizaion’s top 3 security risks

More small businesses are relying on virtual servers and desktops to help cut costs and improve the IT infrastructure. Are they prepared for the potential security risks of virtualization?  The majority of small and mid-sized organization are already using some form of virtualization somewhere in the company, according a recent Cisco survey. Among the 150 IT managers [...]

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Where IT managers focus their time and budget

As they do with most areas, companies must find creative ways to divide two scarce resources in IT: time and money. A new survey looks at what areas tech leaders are focusing on now.  When it comes to managing their own time, the key for IT managers is finding a balance. That’s the message from [...]

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Addressing The Small and Midsized Business Storage Challenge

As Small and Midsize Businesses (SMBs) struggle with the challenge of managing more data with fewer resources and limited budgets, the industry has responded with storage solutions that are either too small (low functionality and hard to deploy and manage) or too big (high capacity and performance with a high price tag). SMBs need the [...]

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IT budgets rise: Where are companies spending the extra money?

Despite lingering concerns about the economy, most companies are planning to increase their IT spending in the coming year. Where do your competitors plan to send those extra dollars? In 2013, IT departments grew more than was originally expected, according to a recent survey conducted by the Society for Information Management (SIM). For the year, [...]

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3 ways IT puts data at risk

Your company’s IT department has likely complained a lot about the ways employees put sensitive information at risk. But there are some security mistakes IT departments are making on their own, according to recent research.  In a recent study, the Ponemon Institute looked at 60 organizations that had been hit with cyber attacks in the past [...]

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Facebook Graph Search: New privacy threats

Protecting Facebook privacy is getting tougher as new features and policies make it easier to find information on all users of the social networking site. Here are some tips you can pass along to employees to help keep them safe.  When Facebook’s Graph Search was first announced earlier this year, many privacy experts warned of the potential [...]

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Where Finance Belongs on the IT Agenda

When the economy is stable, a company’s IT organization may view Finance as just one of many internal customers competing for attention. But in the current recession, “the longest and nastiest since the Great Depression,” sudden shifts in revenue, costs, and the availability of credit can threaten even the most well capitalized companies. IT and [...]

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cyber-attack (1)

Cost of data breaches: 16 million individuals compromised

As data breaches become a bigger danger for companies, individual consumers are suffering a lot of damage, too. And those risks are playing a big role in where people choose to take their business.  Breaches are widespread and dangerous for individuals. In 2012, 16 million Americans’ records were notified by an organization of a data [...]

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