Finance Archives

8 steps to successful payment collection

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Although the economy is improving, collections remains a daunting task for many companies. Recognizing the challenges and establishing necessary procedures can help to turn the situation around. All business owners want to reduce the number of late paying clients and to build stronger customer relationships. The question is, “How?” Despite all the high-tech solutions available… Read More →

Do You Have Insurance on Retirement Plan?

Employer Retirement Plans in Phoenix, Ariz.

You have insurance on your home, your car, your health. How about your retirement plan? “People have homeowners insurance to protect against fires and floods,” notes independent financial planner Stephen Ng, founder and president of Stephen Ng Financial Group. “They buy insurance to replace their car if it gets wrecked and they buy health insurance… Read More →

Avoiding a Cash Flow Crisis

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Maximizing profits and growth while also maintaining adequate cash flow is one of the most difficult challenges a young business faces, but it’s also one of the most important. The old adage that “cash is king” has never been truer given today’s challenges for securing a funds or attracting investors. To utilize capital to spur… Read More →

Managing Deductions: Steps to increase revenue

Economic concepts

Unfortunately, it is common for customers to pay less than they owe, taking deductions off their bills or underpaying their invoices. For small businesses, this can create a significant loss in revenue and problems with cash flow. Some businesses have reported losing as much as 10 percent of their gross sales to deductions. Fortunately, companies… Read More →

Most people don’t have financial plans

investing

Most of us put more effort into planning a vacation than planning our financial future. According to a study issued by BMO Harris Financial Advisors, only 38 percent of Arizonans have a financial plan, yet a majority admit a financial plan plays a critical role in achieving key life goals, such as saving for a… Read More →

Goodyear Wins National Financial Reporting Award

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The Government Finance Officers Association (GFOA) of the United States and Canada again awarded the city of Goodyear the prestigious Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report for the fiscal year ending on June 30, 2013. The award was announced this month and is the highest form of… Read More →

NJOY Raises More Than $70 Million

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NJOY, the world’s leading independent electronic cigarette company, today announced that it has completed another successful private fundraising round attracting more than $70 million in capital. The round was led by Brookside Capital along with Morgan Stanley Investment Management, investing on behalf of mutual funds and other pooled vehicles for which it acts as investment… Read More →

Grant Thornton offers tax season filing tips

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Taxes are one of two certainties in life, but how much you owe can depend greatly on your preparedness and your planning, according to Grant Thornton LLP. For business owners, you not only have your returns and your family’s returns to worry about, you also have complex business tax provisions to consider. 2013 marked the… Read More →

Goodyear earns award for fiscal responsibility

Arizona Business Financing

For the 13th straight year, the city of Goodyear won the Distinguished Budget Presentation Award from the Government Finance Officers Association, highlighting the city’s long-standing methods of fiscal responsibility. It also marks the 18th time overall that Goodyear has won the GFOA award. Goodyear Finance Director Larry Lange accepted the award for the city. “It’s… Read More →

Nessler Earns Arizona Construction Pioneer Award

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The Valley of the Sun Construction Financial Management Association (CFMA) named Ken Nessler of Sun Valley Masonry the 2014 Arizona Construction Pioneer Award Winner. Each year, CFMA honors an individual that has made significant contributions to the construction industry and the community. As vice president of Sun Valley Masonry, Nessler was selected for the Pioneer… Read More →

Small business tips for the New Year

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Organization is the key to success, so as the calendar starts fresh so should your business habits. Start your New Year off right by getting your business organized. Here are some tips to help you get a firm grip on your finances. Organize your finances: Set aside 15 minutes per week, the equivalent of one Facebook… Read More →

Young Men Most Likely to Give Charitable Gift

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November 9, 2013 by in Finance | Nonprofit

Headlines this year have not been kind to young men – often tagged as selfish Millennials, significantly more likely to still live with mom and dad, less likely than women to be enrolled in U.S. colleges – but a new holiday giving survey from World Vision shows that men ages 18-34 are in fact the… Read More →

Equity Crowdfunding Rules Approved by SEC

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October 23, 2013 by in Business News | Finance | Legal | Tech

Although delayed for nearly a year, today the Securities and Exchange Commission unanimously approved the release of proposed equity crowdfunding rules. The proposed rules have been published and are available on the SEC website for public comments. The rules are part of the implementation of The JOBS Act, a 2012 law which legalized the opportunity… Read More →

Study: Young Credit Card Users Are MORE Responsible

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If you think young people don’t know how to manage money and pay down their credit cards, then you should think again. A new study from the W. P. Carey School of Business at Arizona State University and the Federal Reserve Bank of Richmond shows young borrowers – 18 to 25 years old — are… Read More →