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        1,986 results found

        1. How to Grow Your Online Business During the COVID-19 Pandemic
          Half a year after the United States joined the rest of the planet in quarantine, the COVID-19 pandemic continues to hurt. Every aspect of life and the world has been affected, and commerce is no exception. Yelp reported that over 80 thousand businesses shut their doors forever between May 1 and July 15. The number has
        2. What is a pre-authorization hold on my debit card?

          When you pay with your debit card, you may have a “pre-authorization hold” added to your account before the actual charge goes through. Businesses do this to make sure you have the funds available to cover the purchase, especially when the total amount is unknown at the time you use your card.

          For example, when you swipe your card before pumping gas, a pre-authorization hold is put on your account for an amount that’s probably going to be higher than what you’ll actually spend. When you reserve a hotel room, a hold is placed on the account for the cost of the room, plus a little more in case you have additional services during your stay. When you pay for your meal at a restaurant, a hold may be placed for the cost of the meal plus extra for the possible tip. Once the actual amount is known, that number becomes the charge. And once the charge clears your account (typically during the bank’s evening processing), the pre-authorization hold is released.

          Pre-authorization holds often can be considerably higher than what you will actually pay, and may stay on your account for a while (days, in some situations) so be sure you are prepared for this amount to be “on hold” in your account in the interim. Remember, you won’t have access to the excess funds until after the actual charge clears and the pre-authorization is released.

          Example: Joe visits a gas station and swipes his debit card before pumping his gas. The business doesn’t know how much gas Joe will pump, but it assumes the charge will be $50 or under. They place a pre-authorization hold on Joe’s card for $50 to ensure the funds are available. Joe pumps $20 worth of gas. That means there now is an extra $30 on hold in Joe’s account, and he will not have access to that money until the $20 charge clears and the $50 pre-authorization hold is released.

          If you have questions, call Client Care at 1-800-731-2265.

        3. 5 Steps to Take Before You Apply for Cyberinsurance
          Avoid missteps that can impact your coverage and premiums. Cybersecurity is a critical issue for businesses of all sizes. Partly this is because of
        4. Online Banking Can Boost Your Business Efficiency
          online banking platforms helps boost business efficiency, convenience. Discover how online banking can revolutionize your business
        5. Don't Assume the Default 401(k) Contribution Is Enough
          Photo: Amy Hirschi (Unsplash) When you opened up your 401(k), you were probably presented with a few default options. Maybe your workplace automatically put 3% of your paycheck towards 401(k) contributions, for example. Maybe you were told that the company would match your contributions up to 5%, so you elected to cont
        6. Update Your Retirement Strategy with New 2020 IRS Contribution Limits
          If you wish you could save more for retirement, you’re in luck. The Internal Revenue Service (IRS) is letting you contribute more toward retirement in 2020. The increase in the annual limit also applies to catch-up contributions. This is great news for retirement savers since 38% of Americans aren’t confident that they
        7. Does Your Portfolio Fit Your Retirement Lifestyle?
          Most portfolios are constructed based on an individual's investment objective, risk tolerance, and time horizon.
        8. As health care costs rise, what options are best for small business owners in 2019?
          How much does healthcare cost a small business and their employees? Short answer? A lot. A typical employee's individual policy ran almost $7,000
        9. 5 New Things to Note on Your 2021 Business Return
          Income taxes are a perennial chore for business owners. While many tax items—deductions, credits, etc.—have new limits for 2021 due to cost-of-living
        10. Five Steps For Planning For Retirement While Owning A Business
          Whether you plan to retire in three years or 30, having a retirement plan in place for your business is essential.