That is a question you may be contemplating soon due to a change in the tax law. Starting in 2010, anyone with a Traditional IRA will be able to convert it to a Roth IRA, regardless of income or filing status.
As you plan for your own and your family’s financial future, you may be considering the creation of a trust. If you decide a trust is needed, either during your lifetime or in your will, you will have to choose a trustee to administer it.
It’s important for all businesses, big and small, to take control of their accounts receivable. Properly managing your accounts receivable – the revenue you expect for the goods and services you sell – can boost your cash flow and support your other business efforts, such as staffing and marketing.
Some recommended best practices you should strongly consider implementing to help protect your business in the online banking environment, thus mitigating the opportunity for loss of funds and the compromising of online banking log-on credentials.
With the use of checks continuing to slowly decline each year, businesses are faced with a challenge of how to effectively handle those items as part of their accounts receivable strategy. There are many alternatives businesses can choose from today – Remote Deposit, Electronic Check Conversion at point of sale and back office, and Lockbox.
The 20th century U.S. criminal Willie Sutton was said to rob banks because “that’s where the money is.” The same motivation in our digital age makes merchants the new target for financial fraud.
Credit card processing is one of the most complex and confusing services businesses buy today. However, this vital payment solution increases in importance each year as more customers use cards to make purchases.
Electronic Check Service is an integrated authorization, settlement, and collections solution where a merchant runs checks through magnetic ink character recognition (MICR) readers at the point of sale, returns the paper check to the customer and settles the items via the ACH network.
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