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The private company accounting Super Bowl
(Editor’s note: This is the first of two parts.) During 2013, the scene was set for significant future changes in financial reporting for private companies, all of which will affect […]
Five great financial tips for 2014
Eliminate as many possible sources of market noise as possible. Got a great tip from CNBC last year? Turn it off. Your newsletter subscription says hyper-inflation is just around the corner? Cancel it. Your golf buddy is telling you about the great hedge fund he got in on? Change the subject....
More on HSAs: What’s next?
(Editor’s note: This is the second of two parts. Read Part One.) Analyzing the data can appear cumbersome initially, but it doesn’t have to be. We have found it helpful […]
Bank benchmarking for business
In the business world, things move quickly. Technology is always changing. Regulations are always changing. While the banking industry mandates that consumer clients receive notices of important changes and regulations, […]
How strong is the foundation of your business?
The project manager conveyed to us that the foundation has to be stable to support further construction. If you have experience, you are accurate and efficient with the process. Without that expertise, the project takes longer and requires more supervision. Apply this concept to your accounting sy...
Top three New Year’s tax tips
After the year-end rush to wrap up financial matters, business owners might believe they don’t need to revisit tax issues again until filing season. However the start of the year […]
Rebalancing for the long run
Portfolio balancing may seem like a statistical exercise. But over the past 20 years, investors who made sure their portfolio allocations remained close to target could have fared better than […]
Smart investment strategies for 2014
Stock market investors certainly received a surprisingly large dose of good cheer in 2013. The S&P 500 produced the best calendar year return since 1997, when the stock market was up 33 percent. However, with corporate earnings and revenue growth mediocre at best, the gains in the S&P were driven...
The 100-year-old entrepreneur’s success secrets
A century is a significant amount of time for anything. However, it’s an especially meaningful milestone for UMB. When you think about some of the challenges over the past 100 years: the Great Depression, world wars and most recently the Great Recession, it’s a unique feat to not only survive 100...
Six ways to create investment income
What did we all learn during this past decade? The one that gave most stock investors negative returns? What I learned was to generate income. Instead of buying, holding and […]
Taking money from strangers
Need funding to bring your latest invention to market or to open a second location for your popular pizza parlor? Rather than go to the bank, you can now ask a bunch of strangers to send you money…and many of them will. Crowdfunding is different from traditional sources of funding in several ways.
Six easy tax-saving tips
While tax rates for the average taxpayer are not significantly higher in 2013, individuals with income above $200,000 and couples with income above $250,000 could see their taxes significantly increased […]
