Blogs

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For the first time ever, our chapter is planning to put together a March Madness bracket pool exclusively for our members and distinguished guests Selection Sunday is March 14 The first round of games follows on Thursday, March 18 A communication will be distributed shortly after the NCAA brackets are available Looking into a social hour for us to hang out virtually For the top performers, we'll add a section to our website as an homage to your greatness
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The General Data Protection Regulation (GDPR) was formed by the EU and implemented in May 2018. One of the reasons behind it was to prevent the unethical use of data and make sure businesses were using data lawfully.  A couple of years later, there are still businesses battling to comply with the new rules on data privacy and security. They need to become compliant or risk major fines. Here are some of the technologies that can help businesses to become GDPR compliant.  Managed file transfer Managed file transfer (MFT) solutions help ensure the collection, movement and use of sensitive, personal data. MFT provides clear visibility into data flow with ...
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When business is good, it is really good and expansion might be just beyond the horizon. More often than not, though, you do not have quite enough money to afford an expansion when the time is right.  There is more business coming in than you can handle, but there is also an expiry date on delivery. If you decline the business, they will go somewhere else, but if you take it on and cannot deliver, your reputation goes down the drain.  The only thing that you can do is to secure a business expansion loan. Here is an explanation of the key documents that you need to secure that loan.  An Equifax detailed credit report Getting detailed credit reports is ...
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The world of business has made a massive shift towards the online domain that it has become imperative to have a stable internet connection. Even if your business only relies on emails to communicate, you still need an internet service provider that can cater to your needs.  The size of your business will determine the level of connectivity you require. Generally speaking, though, you will need to upgrade your line from a home or personal line to a business level connection. Before you finalize your business internet service provider, there are a couple of factors to take into account. Reliability is key Having a reliable internet connection is one of ...
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Insurance for Contractors

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So, you’re   a contractor.   You’re a builder, fixer, or installer, and you deal with a lot of risks and challenges on your job. You will need to make sure that your insurance protects you. Insurance for a contractor is a broad category. Specialized Insurance Whether you are a general contractor or a subcontractor, you will   need to be covered . What kinds of insurance you need will depend on the person and the business. So, let’s look into what types of coverage there is to get. Commercial General Liability This is a policy that almost every business needs, no matter the industry or the field. This policy is to protect you and your business ...
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Tax Update

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Agenda Download The Event PDF    Individual Tax Update Consolidated Appropriations Act, 2021 Paycheck Protection Program and Retention Credit President Biden’s Tax Proposal (Individuals & Businesses) Miscellaneous Items: Business Interest Limitation Like-Kind Exchanges Net Operating Losses State and Local Tax Update Tax issues related to work from home Employer Employee State workaround initiatives related to the $10k SALT tax deduction limitation NJ BAIT NY Proposal Other States State “decoupling” from the CARES Act and other acts Download The Event PDF
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Brand image is important. After all, it’s how your customers perceive your company, your products, services and culture. Within the brand’s logo is a complete wrap-up of what the company is all about. Product personalization can boost a company’s image as it is all about delivering a product that customers want.  Meet all specifications to please customers Companies who address their customers as if they were a good friend can expect more loyalty from them. But how do you even start?  This is where   product specification software   comes in and as a specification management company using cloud technology, the vision of Specright is to improve the way ...
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Searching for a rental home can be stressful and time-consuming. Approximately 30% of Americans live in rental homes, many of whom are adults with families. The need to find a rental home can be triggered by the desire to live closer to the workplace or the need to move to a more spacious house.  Rental houses are available for all types of households and budgets. If you want to make your home search efficient and smart, follow the following simple steps. Define your budget Before settling for a rental unit, determine how much you are willing and able to pay. Consider financial obligations such as commuting costs, debt financing, savings, and other expenditures. ...
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Many people yearn for the freedom and challenge to be their own boss. In today’s life, starting a new business can be intimidating at the best of times. We are going to explore some tips to help you when you set up your new business.  Let’s look at some keys to unlock the mystery of success and help you set up for the new venture to boost your confidence and ensure your success in no time.  Find the right partner The benefits of a business partner far outweigh the challenges. A collaboration of resources, expertise and networks can take your business twice as far in half the time. The reality is - do your homework and partner with experts to be sure you ...
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A good credit score gives you access to premium credit cards, superior loan products, and better interest rates. A bad credit score, however, means you often pay higher interest rates on mortgages, loans and credit cards.  Accounts that have fallen behind on payments for more than 30 days stay on your credit report for at least seven years. Here are some side-effects you may experience if you have a bad credit score.  You're a risk for lenders If you have a bad credit score, you are more of a risk to lenders than someone with a high credit score. Banks have high standards for determining who qualifies for lending.  A bad credit score ...
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The IMA annually offers members two free ethics continuing education credits. This is available by signing into imanet.org and proceeding to “My Tokens” within your profile: https://www.imaonlinestore.com/PersonifyEbusiness/My-Account/My-Tokens There are a handful of courses available that are normally over $100 each.  Earning these will satisfy the IMA’s annual ethics requirements.
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IMA Switzerland strives to bring Finance Professionals together by organizing high quality education and networking events. We have board of experienced finance professionals in diverse Swiss top organisations, a small budget and can count on the support of IMA Europe and IMA Global. We have the opportunity build the chapter further and organize even more exciting events. Events don’t organize themselves though, and we need active members to help us out. Volunteering at IMA Switzerland is a fun way you work with great people and build your network. Many volunteers like to give back to IMA and the community as well. Last but not least, it’s a great way to ...
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When looking for ways you can borrow money, loans are often among the first choices people turn their attention to. It’s easy to see why – loans are readily available, they don’t have to be backed by anything, and the whole procedure can be done fairly quickly. So if you   find cost of borrowing as a loan   acceptable, then there are no reasons why you shouldn’t take one out if you need it. The problem is, however, that taking out a loan is a serious decision. You are, after all, putting yourself in debt when you take out a loan. You’ll have to repay that debt, and your regular income will be sapped until the debt is repaid. So, no matter how useful a loan ...
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Making your money work for you is in the essence of this thing we call capitalism. It also works if you’re not fond of that word, too – some platforms let individuals make small investments, and there’s also such a thing as ethical investing where you support the businesses that represent your values. Since there’s no denying that money is what makes the world go around and things happen, it’s only natural that you’ll want yours to multiply without increasing your daily workload. That’s where investing comes in handy, and that’s what we’ll discuss here – how to start investing money. Find Out How Much You Want to Invest Before you do anything, you’ll want ...
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CMA Candidacy

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Can anyone tell me how I should that I am a CMA Candidate on my resume and what all should I enter?  I couldn't find anything on the internet. Thanks, Sharon
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Debt can easily spiral out of control, and with COVID-19, you may even have found yourself without a job and way over your budget. While most people are worried about different financial issues, there are some things that are causing people to become ill with worry.  Policies and premiums There are some people who have been paying for certain insurances such as life cover and now they can no longer pay. Putting food on the table is a top priority. They are too afraid to even find out what the possible consequences are as they’ve been contributing to some of them for a lifetime.  There are some policies where, if you stop paying premiums, your coverage ...
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Moving is a stressful, expensive, and time-consuming event. During the warm season, a significant number of American families move across the town or to a different city. Others choose to move from one country to another. Whether you are moving to a nearby street or a different state, there are a few tricks that can help you to minimize the cost of moving. Here are the tricks: Search for a low-cost moving service Several moving companies charge reasonable costs. It would help if you asked your friends and colleagues for referrals so that you can get the best in the market. Remember, when finding a low-cost moving service, don't compromise quality ...
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Gleim is providing IMA Minneapolis Chapter members a special offer from 10/05/20-10/25/20.  Save up to $650 when ordering the 2020 edition of Gleim CMA Premium Review System.  As a Strategic Partner of the IMA, Gleim is also providing  30% off of CMA exam entrance fees. The current edition covers 2020 CMA exam topics and is equipped with SmartAdapt™ technology which personalizes your review and eliminates the guesswork in studying. When the new 2021 edition is released later on this year the Premium Review System will give your chapter members free updates to any changes. In both editions, you'll also enjoy:     • Videos covering the toughest topics and providing ...
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Online business is a major part of the business world today and provides an easy way to buy and sell goods and services. The general model for an online payment transaction includes five parties: the client, the merchant, the client’s financial institution, the merchant’s financial institution and the payment gateway.  The payment gateway provides a secure connection to carry out transactions and verifies, accepts or declines payments transactions on behalf of a merchant. The ability to transfer payments securely is a vital component of a payment gateway.  Payment gateways should make sure merchants always get paid when a purchase takes place so they ...
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Interested in free ICMA/NASBA self-study CPE credits that you can earn at your own convenience?  There's enough free content available to satisfy the annual CPE requirement (sign in for the IMA member discount): IMA Course Catalog The following courses are currently free of charge to members: Communicating in the 21st Century (1 CPE) COSO Enterprise Risk Management: Essential to Organizational Success (2 CPE) Cybersecurity Alert! (0.5 CPE) Cybersecurity Compliance with Global Regulations (1 CPE) Emotional Intelligence (1 CPE) IMA Excel 365: Tips in Ten (Up to 5 CPE at 0.2 per course) Statement of Cash Flows Tutorial (1 CPE) Time Management ...
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