The Impact of Tariffs: Balancing Costs, Supply Chain and Profitability
Higher tariffs can raise costs regardless of the supplier. To maintain profitability, businesses should improve efficiencies and adjust prices across products.
Regulation B Section 1071: Implementation Best Practices for Financial Institutions
The financial industry is facing a significant shift with the implementation of Regulation B Section 1071, as mandated by the Dodd-Frank Act. This new rule introduces extensive data collection and reporting requirements for financial institutions making small business loans. Designed to promote fairness and transparency in lending, Regulation B Section 1071 see
Risk Assessments – Not a One and Done
In today’s ever-changing business environment, organizations face new challenges daily, from evolving market conditions to emerging cybersecurity threats. As a result, the concept of risk assessment has become more critical than ever. However, many companies make the mistake of viewing risk assessments as a one-time task instead of an ongoing, strategic proce
Mitigating Cybersecurity Risks in the Financial Sector: Best Practices for 2025
As financial institutions continue to digitize their services and offer more online solutions to customers, the risk of cyberattacks and data breaches grows exponentially. With sensitive financial data, personal information, and proprietary business intelligence at stake, cybersecurity remains one of the most critical concerns for the financial industry. In 202
Higher Tariffs Are on the Way – Can Your Company Manage the Damage?
As U.S. tariffs continue to rise, importers face mounting financial pressure. While these increased duties are designed to promote domestic production, companies with complex global supply chains are experiencing significant cost burdens. With duty rates climbing to 25% or more, many businesses are reassessing their pricing strategies to mitigate the financial
Organizations Dependent on Federal Funding Need to Consider Options
Organizations relying heavily on federal funding are especially vulnerable and should consider best practices to mitigate liquidity and financial risk due to...
2025 Forecast: What Financial Institutions Can Expect in the Coming Year
As we step into 2025, the financial services industry is poised for another year of transformation. With rapid technological advancements, evolving regulatory landscapes, and increasing consumer demands for transparency and sustainability, financial institutions are facing both new challenges and exciting opportunities. To stay competitive and continue driving
Business Valuation in 2025: The Hidden ROI of Knowing Your Company’s Worth
When most business owners think about valuations, they picture the final steps of a sale process—pinpointing a number that helps close a deal. But the truth is, an updated valuation can offer a powerful edge long before you ever decide to sell. Whether you’re growing the business, planning for ownership transitions, or simply striving to […]
Preparing to Sell in the New Year: Top Sell-Side Risks — And How to Address Them
For most business owners, selling a company is a once-in-a-lifetime event—one that can shape retirement plans, family legacies, and the well-being of employees and the local community. Because so much rides on the outcome, it’s crucial to recognize the hidden pitfalls that often reduce a seller’s final proceeds or prolong the deal to everyone’s frustrat
Building the Future: How Succession Planning Sets Your Business Up for Long-Term Success
For many business owners, “succession planning” sounds like a project for the distant future—until the unexpected happens. Whether you plan to sell to an outside buyer (like a strategic acquirer or private equity group) or transfer ownership internally (via a management buyout, ESOP, or family transition), the best time to start planning is always “as [