As every CFO and business owner will attest, steady, predictable cash flow is the fuel for running a successful, growing business. Despite its importance, study after study has found inadequate cash forecasting and management to be among the leading causes of business failure. Here’s how to avoid four common cash flow pitfalls that can pose a serious threat to your business.Read Post
What is Business Email Compromise? Business E-mail Compromise, or BEC, is a sophisticated fraud scheme in which fraudsters compromise a legitimate e-mail address through social engineering or computer intrusion, and then use this e-mail to conduct unauthorized transfers. The compromised e-mail will often have the name or domain changed by one letter (e.g. jondoe@abc. com instead of email@example.com), or the actual e-mail account will mimicked by using a fraudulent forwarding e-mail address. Using malware, the fraudster may access previous e-mail correspondence within the organization in order to understand how wire requests are typically requested, and then mimic this protocol to complete the fraud.Read Post
It’s Tax Season. A time for hunkering down and pulling together all the information that you and your tax professional need to get your state and federal income taxes filed on time and in good order.Read Post
“Early to bed and early to rise makes a man healthy wealthy and wise.” In 1739, “Poor Richard” published this simple axiom in his annual Almanac to remind readers about the vital role that good health habits played in building wealth. In the two centuries since then, a host of research studies have confirmed what “Richard” and the rest of us have suspected...Read Post
For businesses of all sizes, it’s getting increasingly difficult to prevent data from being compromised. Watch this webinar to learn how you can stay ahead of the curve and protect your organization. Boston Private’s Chief Risk Officer, Tom MacDonald, CFA moderates with special guest speaker and former FBI agent, John Mulvaney, CPA, CFE.Read Post
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