Money

  • National Merchants Association Announces Sponsorship

    New banking relationship enables fast-growing merchant processor to expand its aggressive push into “card-present” channel and increase services to merchants.         National Merchants Association (NMA), a global merchant advocacy group and leader in merchant services, recently announced its new sponsor banking relationship with Commercial Bank of California (CBC), a full-service, FDIC-insured bank […]

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  • When is Social Security Income Taxable?

    The answer depends on your income. Your Social Security income could be taxed. That may seem unfair, or unfathomable. Regardless of how you feel about it, it is a possibility. Seniors have had to contend with this possibility since 1984. Social Security benefits became taxable above certain yearly income thresholds in that year. Frustratingly for […]

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  • Shareholder-Employee of an S Corporation

    An S corporation is a corporation that elects to pass its corporate income, losses, deductions and credits through to its shareholder(s). A shareholder of an S corporation reports the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. When a corporate officer performs services […]

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  • Financial Accounting Services Relocating June 1st

    Financial Accounting Services Inc. (FAS) has announced plans to relocate effective June 1, 2017.  We are not moving far but we are moving to a larger space with a first-floor access. Both of which are needed to better serve our growing client base. FAS will begin operations from the KDM Building at 41635 Enterprise Circle […]

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  • 15 Ways for Owners to Maximize the Value of Their Business

    Sunbelt Business Sales, Mergers & Acquisitions Drive revenues up and, more importantly, maximize Seller’s Discretionary Earnings.  Secure new customers and alliances; add new products, services and channels of distribution. Diversify as much as possible and reduce customer concentration. Maintain a thorough set of financial records, including timely monthly financial statements.  Report all cash revenues. Build […]

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  • Building an Emergency Fund

    Everyone should aim to have a cash reserve.   We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge – but with a little effort, that challenge can be met. Imagine a 30-year-old couple with no real savings. Let’s call them Kurt and […]

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  • NMA names Jason Holderness as Chief Technology Officer

    National Merchants Association, a global merchant advocacy group and a leader in merchant services has named Jason Holderness to the position of Chief Technology Officer. Holderness has served in the role of Director of Software Development since joining NMA in 2016 and takes the reins from former CTO Brian Randolph, who now assumes the role […]

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  • Jacob Bennett tapped for Chief Risk Officer at NMA

    National Merchants Association, a global merchant advocacy group and a leader in merchant services named Jacob Bennett as Chief Risk Officer. Bennett has previously served in the role of Vice President of Risk and Underwriting since joining NMA in 2014. In his new role, Bennett is responsible for leading the risk and underwriting departments which […]

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  • Is Your Small Business Struggling Financially?

    Businesses are the very heart of the economy. Small businesses often face many financial obstacles if not properly managed. This could be due to several factors such as, an industry that is seasonal in nature, or aging accounts receivables, cash flow problems, a lot of debt, bad relationships with vendors or lack of profitability or […]

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  • 2017 Tax Year Changes

    Business Taxes: The standard mileage rate for business driving has changed in 2017, it falls to 53 ½¢ a mile, a 0.5¢ drop. Traveling for medical purposes and job-related moves the rate decreases to 17¢ a mile. For the charitable driving the rate remains at 14¢ a mile. Two business tax breaks first apply on […]

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  • Brian Randolph Named Chief Operating Officer at NMA

    National Merchants Association, a global merchant advocacy group and a leader in merchant services, today announced that Brian Randolph would assume the position of Chief Operating Officer. Randolph has served in the role of Chief Technology Officer and Partner since joining NMA in 2009. “I am thrilled and humbled to embark on this new challenge,” […]

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  • Putting Your Tax Refund to Work

    What could that money potentially help you to accomplish? Should your refund be spent? In 2016, more than 109 million tax filers received federal tax refunds, with the average refund at $2,893. What happens to that money? In most cases, little of the refunded money is saved or invested: last year, more people used their […]

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  • Can I Deduct That?

    Can I deduct that? With tax season here, chances are you’ve heard those words or you have asked that question yourself. What is a tax deduction? A tax deduction, or tax write-off, is used to decrease taxable income, thereby decreasing the amount of tax owed. There are different types of tax deductions available. In addition […]

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  • NMA’s CEO Heather Petersen to Speak on “The Current State of Digital Transactions” at the CES Digital Money Forum

    National Merchants Association, a bankcard leader and merchant advocacy group, today announced that its CEO Heather Petersen will speak on “The Current State of Digital Transactions” panel at the CES Digital Money Forum. The panel is being held at 9:30 a.m. on Thursday, Jan. 5, 2017, at the Las Vegas Convention Center North Hall, Room […]

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  • NMA Recognized on ‘2016 Inland Empire Top Workplaces Award’ List

    Awards solely based on employee surveys. National Merchants Association, a global merchant advocacy group and a leader in merchant services, has been ranked in the Top 10 of the 2016 Inland Empire Top Workplaces list from the Press-Enterprise newspaper. This award is based solely on the results of an employee feedback survey administered by WorkplaceDynamics, […]

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  • Are You Prepared for Tax Filing Season?

    Why, What, When, Where and How to Prepare: Why? Well-organized tax records make it easier to prepare a tax return and they help provide answers if your tax return is selected for a tax examination, or to prepare a response if you receive an IRS or State notice.  Devoting time to organize your tax-related documents […]

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  • Are Your Prices Too High or Too Low?

    But another aspect often overlooked is simplicity.   I ran into a “pricing conundrum”, during a recent visit to a favorite sandwich shop. Normally it’s a quick stop for my “usual” but unfortunately the chain changed their pricing options. Because of this new and improved advertised low price, to obtain the lunch with all the same […]

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  • NMA Launches New Chargeback Control Platform for its Merchant Members

    National Merchants Association, a global merchant advocacy group and a leader in merchant services,   launched its new Chargeback Control Platform™ (CCP). CCP is a tool designed to intercept inbound disputes before they become chargebacks by automating the refund process and handling alerts instantaneously, effectively saving business owners money and keeping their merchant accounts in […]

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  • NMA and dLocal Ink Deal to Provide Payments Processing Services throughout Latin America

    “Our partnership with dLocal enables us to offer our merchants e-commerce payments processing in Latin America,” said Heather Petersen, CEO, National Merchants Association. “This is part of our ongoing strategy to empower our merchants to have global access building on our recent European expansion.” With this agreement, NMA merchants now have access to local credit […]

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  • National Merchants Association Expands European Presence Inking Partnership Agreement with Borgun Bank

    National Merchants Association today announced that it has signed a partnership agreement with Borgun Bank of Reykjavik, Iceland, to provide payments processing services for merchants throughout Europe. “Our partnership with Borgun Bank enables us to provide payments processing to European-based merchants of all risk levels. We are providing a variety of payments solutions, including mobile […]

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  • National Merchants Association Launches New TransAction Lead-generation Program

    National Merchants Association, a global merchant advocacy group and a leader in merchant services, today announced its new TransAction Program for its agent partners, a groundbreaking and innovative strategy within the payments processing industry. National Merchants Association is one of the fastest-growing payments processing companies in the United States and was recently ranked Number 466 […]

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  • National Merchants Association Hosts Payments Industry

    National Merchants Association, a global merchant advocacy group and a leader in merchant services, recently hosted the Fire & Ice event, which was held Sunday, Oct. 9, through Wednesday, Oct. 12, at the Temecula Creek Inn in Temecula, Calif. The invitation-only event included a golf outing, educational seminars, networking activities, and a product launch for […]

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  • Why Operate Your Business as a Limited Liability Company (LLC)?

    A limited liability company, or LLC, is a business structure allowed by state statute. Like a partnership or S corporation, LLCs are pass-through companies whose profits are passed along to the owners. What makes LLCs stand out from other business entity designations is the protection given to owners in regards to liability. As the name […]

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  • Tax Tips for Starting a Business

    Do you understand your tax obligations for starting a business? Below are IRS tax tips to help you get your business off to a good start and position yourself for success: Business Structure: You need to decide on the type of structure for your business. The most common types are sole proprietor, partnership, corporation, S […]

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  • Esther Phahla Led Toastmasters District 12 to ‘President’s Distinguished’

    On August 18, 2016, Toastmasters District 12 was recognized at the Toastmasters International Convention Hall of Fame in Washington D.C. for achieving President’s Distinguished in 2015-2016. President’s Distinguished is the highest recognition a District can achieve. This is similar to the Olympics where you have Bronze, Silver and Gold. President’s Distinguished is Gold. “As the […]

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  • How to Safely Sell Your Car

    Choosing to sell your car on your own instead of to a dealership can be a good deal — especially if your car has high value. Follow these tips for conducting a safe transaction. Choose a Sales Process – You can use newspaper ads and/or various online services to post photos and a description of […]

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  • EVMWD Receives Awards of Distinction

    At a recent board meeting, Elsinore Valley Municipal Water District (EVMWD) received the Government Finance Officers Association (GFOA) Distinguished Budget Award and the California Society of Municipal Finance Officers (CSMFO) Excellence in Budgeting Award. Both awards highlight excellence in budgeting based on stringent criteria, as well as EVMWD’s commitment to transparency and integrity in financial documents.

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  • Will the $15 Min. Wage Affect Local Economy?

    On Jan. 1 2017, the minimum wage will rise by 50 cents to $10.50 an hour. Then it will increase by $1 an hour each year until it reaches $15 on Jan. 1, 2022. These raises will lag by one year for companies with 25 workers or fewer, so the $15 minimum applies in 2023 […]

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  • Why Didn’t My CPA Tell Me THAT?

    Asking a Why question leads to finding out the root cause of the matter. This book is the result of several Tax Professionals trained as Certified Tax Coaches to put together our expertise in writing to help educate taxpayers on the differences between tax preparation and tax planning. Napoleon Hill in his book Think & […]

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  • Small Business Taxes: Tips for 2015 and 2016

    A search of the internet for last minute tax tips and planning for 2016 yielded the following. The first 2 come from Business News Daily by Adam C. Uzialko. Small businesses have been crying out for consistency in the tax code, and for 2015 they got some. However, the 2016 elections could change that. Business […]

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