On July 16, 2010, the Department of Labor (DOL) released an Interim Final Rule under the Employee Retirement Income Security Act of 1974 (ERISA) which provides that:

Certain retirement plan service providers must disclose information about fees and potential conflicts of interest to assist plan fiduciaries in assessing the reasonableness of contracts or arrangements;
These disclosure requirements [...]

The Patient Protection and Affordable Care Act (PPACA), the healthcare reform law passed in March 2010, continues to wind its way through the nation’s court systems, and will be taken up by the Supreme Court in late 2011 or 2012. However, in the meantime, a number of provisions have taken effect, others are awaiting clarification [...]

The global economy affords businesses unprecedented opportunities to take their services and wares into new markets that may be across the border or even across the international dateline. When businesses expand their relationships internationally, operational questions arise, and one of the most common is, “What is the best way to send payments or receive payments [...]

If any key aspect of the way businesses are managing their finances has changed in recent years, it’s probably how credit is used – or rather, not used.
A recent Federal Reserve report notes credit card usage has dropped by 0.2% over the study period of 2006-2009. That change could be attributed to a reluctance to [...]

Banks have been able to offer interest bearing checking accounts to commercial clients since July 21st as one of the numerous changes outlined by the Dodd-Frank Wall Street Reform and Consumer Protection Act. (The Act itself specifies that interest can be paid on demand deposit accounts, also known as transaction accounts. These include checking accounts.) [...]

Controlling your business’ funds is one of the most important aspects of your responsibility as a company leader, but saying you control them and actually being in control are often two very different things. Today’s online banking options merge those two realities into one.
With online banking, businesses can:

have access to account information from virtually anywhere [...]

Although the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law last year, misconceptions continue to existing regarding one of the law’s better known provisions that permanently sets the limit for FDIC covered deposits at $250,000. Here are the facts:

You already know that working with the right merchant services provider for electronic payment solutions can make your business more competitive by allowing you to accept all types of payments while also reducing your operating costs and increasing your daily cash flow. The right merchant services provider can also help you generate even more revenue by implementing a [...]

Does your business have a risk management policy? Many companies don’t, an oversight that can lead to potentially devastating losses if “worst case” were to happen.

Does your company need to expand/invest in order to increase profits, but can’t find the resources to do so? It seems more and more businesses are finding themselves in this classic catch-22 lately. Most don’t have available cash to purchase equipment and lending has become more restrictive; yet tapping into credit lines earmarked for inventory, payroll [...]