Financial Archives - Wiss & Company, LLP

Tag: Financial

What Banks Can Learn from Fintechs

Written on July 13, 2022. Posted in Early Stage.

By Matthew Barbieri, Partner Fintech companies continue to disrupt financial services as innovations help capture new opportunities. Financial institutions can learn from that disruption to adapt and remain competitive. Assessing the factors that make fintechs tough competitors — and sought- after M&A targets — helps highlight potential areas for advances in strategy, technology capabilities and new product/service offerings. By taking lessons from the success of fintechs, banks...

Paycheck Protection Enacted For Small Businesses

Written on March 27, 2020. Posted in Financial Planning, General Business.

By Travis Miskowitz [Updated 4/3/2020] Congress passed “The Coronavirus Aid, Relief, and Economic Security Act” (CARES Act), which included the “Paycheck Protection Program” (PPP) for small businesses. PPP applications can be obtained from participating SBA lenders beginning today. Many banks have reported that they may be requiring submissions to come from current banking clients while others have been struggling to get all the necessary steps in place. While each bank is creating...

Utilizing a Triple Bottom Line Approach for your Future Success

Written on May 16, 2017. Posted in General Business.

By Arnold Macalintal Yes, businesses can do good while also maintaining a healthy balance sheet and income statement. That’s the premise behind a triple bottom line approach, also known in some circles as TBL, or 3BL. The intent isn’t just to meet the company’s financial bottom line—it’s to focus on two others as well: social and environmental impact. The idea is to give equal consideration to the importance of people, planet and profit for the overall betterment of the business....

Accounting and Finance: A Forbidden Love

Written on February 7, 2017. Posted in Tax Alerts.

By Connor Doyle Accounting, our Romeo, and Finance, our Juliet. Two houses, both alike in dignity, in fair New York City, where we lay our scene, from ancient bond break to new maturity, where credit balance makes cash on hand burst seams. Accounting and finance, though both safely under the business umbrella, are divergent in ideology. Finance wants to spend and raise money for the future of a business while accounting wants to keep track of all that has happened in the past. But,...

Strengthening Millennials’ Financial Literacy: On the Road to Financial Success

Written on December 13, 2016. Posted in Financial Planning.

By Connor Doyle Updated 7/30/2019. So, you’ve crash landed in the middle of a city. There’s a funky road going somewhere and a lot of people you don’t know around you are singing and dancing. You’re confused. Last you remember you were safe at home, warm in your bed with your family surrounding you. What happened? College happened – a tornado. Winds whipped around you, you meet some odd characters, got turned in every direction, and have trouble remembering some of the finer details....

Maintaining Control

Written on January 20, 2015. Posted in Food & Beverage.

How to retain ownership and control while bringing on investors By Arnold Macalintal Your food or beverage business is going well, but you’re thinking it may need a cash infusion. Taking on investors can ease your financial burden, but at what cost? You’re the one with the dream, the plan and the sweat equity invested in the business, so why should you cede control to outsiders? Here are some tips for getting the cash you need without losing the ability to run your business your...

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