Archive for November 2014
Did You Know: KS Unemployment Wage Base Increases to $12,000!
Kansas employers will see the highest percentage increase in the unemployment wage base for 2015 based on the most recent figures for each state. The former wage base was $8,000 and has been so for years. In 2015, the new unemployment wage base will be $12,000. For the most standard unemployment rates, this will mean…
Read MoreSmall Business Saturday is November 29th!
In 2010, American Express became a founding partner of a movement known as Small Business Saturday. The day after Thanksgiving (Black Friday) and the following Monday (Cyber Monday) serve as the traditional kick off to the holiday shopping season. Falling between those two days, Small Business Saturday was created to help small business with one…
Read MoreMeet Our Team: Megan Binder
Megan Binder joined the Fortiviti team as a staff accountant in the summer of 2014. A licensed cosmetologist, she worked as a stylist while completing her undergraduate degree in Pittsburg, KS. After graduating, Megan worked as a bookkeeper for the Spigarelli Law Firm. While there, she gained valuable experience with payroll, accounts receivable, accounts payable,…
Read MoreKVC: By the Numbers
KVC has a big impact in Kansas. They are responsible for 3,000+ children served by the state Department for Children and Families. In 2013, KVC: Received 892 Family Preservation referrals 3,511 individuals served by Family Preservation staff Family Preservation staff provided 7,664 hours of face-to-face intervention Helped 1,179 children reach permanency Permanency staff helped 747…
Read MoreDid You Know: Multi-State Registration
If you are doing business in multiple states, you may be required to register with each. Various registrations are required, for operating, withholding and paying employer taxes, collecting and paying sales and use tax, paying income tax, and various other business license requirements. Every state has different requirements. Even if you do not have an…
Read MoreReady, Set, your Budget: The Finish!
You’re done! You may be mentally exhausted, but now you’ve got a great tool for managing your business next year. If this is the first time you’ve set a budget for your business, you may want to take some time to review your budget one last time. Are your revenue figures achievable? Have you forgotten…
Read MoreReady, Set, your Budget: Maintaining Speed
Alright, you’re almost finished! The final phase of a sprint is maintaining speed (well, excluding the finish, of course). At this point, you’ve set your budget for next year. You’ve reviewed it. You’ve put plans in place to meet your budget. You’ve set stretch goals. You’re ready for 2015! But, there’s one more thing to…
Read MoreReady, Set, your Budget: Maximizing Speed
Alright, it’s time for the fourth phase of your budget! In a sprint, this phase is maximizing speed. For your budget, it’s maximizing performance! By this point, you should have a budget set for 2015. You’ve budgeted your revenue, your cost of goods sold, and your expenses. You’ve reviewed for cuts, pricing updates, and strategy…
Read MoreReady, Set, your Budget: Transition
The third phase of a sprint is Transition. In your budget process, it’s time to transition to expenses! Review your monthly P&L from 2014 to analyze your expenses. Determine which expenses are fixed (such as rent) versus variable (utilities? labor?). For expenses that are fixed and won’t fluctuate, like rent, enter into your monthly template.…
Read MoreDid You Know: Veteran Business Owners
According to the SBA, veteran business owners are responsible for nearly one in ten small businesses in the U.S. and employ nearly six million workers.
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