Managing a business in today’s environment isn’t easy and growing a business can be even more challenging. Having cash flow is important for all businesses! If you appreciate the value of receiving your cash at the time of service, rather than waiting on your customers to pay you, then Accounts ...
The owners-only 401(k) offers the high contribution limits and flexible investment strategies of a traditional 401(k) to owners-only businesses.
Benefits of Establishing an Owners-Only 401(k)In addition to the benefits of traditional 401(k) plans – including tax-deductible contributions, tax-deferred earnings, flexible contribution requirements and a variety of investment options – and the ...
At First Mid, we have a Fall Home Cleaning List to help you check off the household chores you should complete during the fall season.
Inside your house:
• Wash all windows
• Clean blinds and window treatments
• Clean walls
• Spot-clean upholstered furniture
• Wipe down kitchen cabinets
• Dust refrigerator
• Clean carpets
• Declutter and ...
People generally understand the need for life insurance. Nobody wants to leave their family without support or burden their loved ones with their final expenses. But what about long-term care insurance? For some reason, many people feel reluctant to think about the likelihood of needing a long-term care facility someday, ...
Operating a successful business involves collaboration among various professionals, including insurance agents, attorneys, financial advisors, leadership coaches, and accountants. It’s important to find trusted advisors who can help you navigate the complexities of owning and running your business. In addition to having a team of professionals in your corner, you ...
At First Mid, we take pride in supporting all businesses. In celebration of National Women’s Small Business Month, we are showcasing some of those businesses that may inspire other entrepreneurs looking to grow their ventures and make a difference in their communities.
We are excited to share the inspiring journey of ...
First Mid is honored to recognize Bonnie Heaton, Wire Transfer Specialist, as our Volunteer Spotlight for October 2024. Bonnie is committed to supporting local community organizations through volunteerism, consistently demonstrating our core values.
What causes are you passionate about supporting through volunteerism? I am passionate about volunteering with youth softball and ...
Companies must begin reporting information on the individuals who own or control the company to the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN).
FinCEN initiated the Corporate Transparency Act (CTA) in January 2024 to verify business ownership and to disrupt the financial anonymity that could enable crimes of corruption, ...
In an environment of rising costs, business owners face significant pressures as insurance companies become increasingly selective. A conservative approach by insurers can make finding affordable and comprehensive insurance coverage challenging for many business owners.
Factors driving rising insurance rates for businesses include:
Type of Business:
The nature of your business significantly influences ...
For many parents, the opportunity to pay for their children’s education means setting them up for success later in life. Among the myriad of savings options available, 529 savings plans offer a wide range of benefits that provide flexible ways for families to save. Ryan Mefford, a Financial Advisor at ...
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