Despite the evolution of electronic banking and payment systems, check fraud remains a persistent and costly problem for business owners.
During a six-month period in 2023, FinCEN (Financial Crimes Enforcement Network, a division of the U.S. Treasury) received over 15,000 reports of mail theft-related check fraud totaling over $688 million1. Mitek, ...
Planning for the eventual exit from a business is a critical yet often overlooked aspect of entrepreneurship. Whether you're considering retirement, passing the torch to a successor, or exploring new ventures, First Mid is committed to providing proactive guidance and expert support at every stage of your business transition. We ...
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 ...
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 ...
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.
Seabreeze Non-Emergency Medical Transport (NEMT) offers a secure, affordable, ...
When you’re a local business owner, standing out from the competition is easier when you market your brand clearly and professionally. Even so, jumping on the social media train can feel intimidating, especially when a new platform pops up every week. But it doesn’t need to be that complicated! Having ...
As of January 1, 2024, many companies in the United States must report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. Reporting is done through the Financial Crimes Enforcement Network (FinCEN), a U.S. Department of the Treasury Bureau. This ownership requirement is often ...
In the last few years, though many organizations rushed to digitize, others stuck with legacy processes for their payments because of the perceived time, energy and IT resources required to change. However, implementing the right commercial card program can be easy and the benefits of modernization far outweigh any perceived ...
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