The year of 2017 is drawing to a close. Here at the Rules of Thumb blog from MoneyThumb we want to take this time to tell all of our readers and clients how much we appreciate you and your business. Today we would like to share what we believe are the best blog posts from our blog for the year 2017. Happy New Year and keep reading!
Americans are Missing Out on Billions in Retirement Contributions--Researchers examined the retirement funds of 4.4 million participants from more than 500 companies. Twenty-five percent of those participants were not contributing enough of their own money to their 401(k) to take advantage of the company’s full match. $24 billion averaged out to about $1,336 in uncollected employer match funds each year. Over 20 years, the missed funds could add up to over $42,000 per employee.
Bill Gates Says Robots Should Pay Taxes--Robert W. Wood, the tax and litigation expert and writer for Forbes.com has written this great article concerning how Bill Gates thinks that robots should be taxes. Since it’s tax time, we thought it would be the perfect time for a review of this article, and a little tongue-in-cheek fun for our tax professionals and accountants. Goodness knows if there is anything lacking during this season, it is a more humor.
The Ten Best Website to Help With Personal Finance--A great list to choose the right website to help with your personal finance and get 2018 off to a fine start.
A Small Business Accounting Checklist from MoneyThumb--Nice list for those of you who plan on starting a new small business in 2018.
Addressing the Challenges of Accounting for e-Commerce Clients--E-commerce has eliminated so many barriers and connected consumers and companies worldwide. But as traditional boundaries between towns, states and countries have disappeared, e-businesses have created new revenue models that involve service-by-subscription and other unique challenges for accountants.
For Lenders; Speeding Up the Loan Application Process with Data Aggregation--In this article from American Banker, Data Aggregation’s New Frontier: Lending Decisions, Finicity Co-Founder and Executive Vice President Nick Thomas says, “Aggregation is similar to what borrowers “have been doing for decades-just quicker.” Kabbage CEO Rob Frohwein says, “I don’t even know if we’d be in business had the online lender not insisted on aggregation.”
Building A Culture of Continuous Improvement--Change is never easy, and the accounting profession has often shown a particular resistance to relinquishing traditional patterns. But for those firms that embrace change at all levels through process improvement initiatives, the results have been both visible and rewarding.
This concludes our list of our best blog posts from 2017. All of the team at MoneyThumb wish you and yours a very Happy New Year and continued success!
Add comment