Blogs

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Many new technologies have emerged over the past few years that are changing the face of recruiting. Artificial intelligence is increasingly being used to screen applicants and find the ones most suited to a particular job.  Applicants are tested prior to hiring to reduce wrong hires. Robotic process automation is dealing with many repetitive tasks. Cloud-based tools are increasing scalability and speed. All the changes are greatly increasing the efficiency of the recruiting process.  Pre-hire testing and assessment tools According to statistics, about 60% of companies now test candidates before offering them a position in their company. Hiring employees ...
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Below are the IMA Minneapolis Chapter April election results.  2021-2022 board members: President – Trent Kramer, CPA, CMA   Vice President – Heath L. Hertel, CMA, CPA (also a Council Delegate)   Past President – Ms. Lianne B. Loeks Munson, CMA, CSCA   Director of Student Membership – Mike Schmitt, CMA, CSCA   Director of Communications – Ms. Ashley Swanson, CMA, FPA   Secretary - Rudy Hershberger   Treasurer – Ms Shari L Nepper, CMA   VP of Membership - Bhavesh Parekh, CMA, PMP, ACMA (also a Council Delegate)   ...
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CEO Panel

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Why CMA?

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We are living in a very interesting time when we can get an access to any professional education, anytime and without even leaving our homes. They say that the sky is the limit and that it so true! Even if you already know what are your preferences and ambitions, you may still face a challenge of choosing what exact educations you need considering tons of options available. In this article we share with you main advantages of pursuing the credentials offered by Institute of Management accountants and help you to make decision to choose one of them with confidence. Longevity In 2019 Institute of Management Accountant celebrated 100 years of success as globally ...
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Whether you are fresh out of law school or looking to get your own practice started after a couple of years of experience, starting a law firm can be challenging. People are creatures of habit and feel safe within the realm of the known.  Just because your practice is new and modern does not mean that the clients will flock your way. You need to earn their trust and here’s how to do that.  Keep your finger on the billing pulse If you want to get the word out and grow your client base, your prices need to be competitive. It is a well-known fact that hiring a lawyer is not a cheap exercise. Ordinary folks do not always know what they are paying for and ...
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The IMA is offering 50% off the CMA entrance fee and IMA membership with the discount code SPRING50. Offer ends March 30th.  The CMA entrance fee is normally $250.  The 50% off IMA membership in conjunction with this offer is valid for new members.  For more info, please visit the imanet.org promotion below: https://www.imanet.org/cma-certification/getting-started/cma-offers/cma-promotion-spring-2021-march
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The best part about owning a business is seeing how many strangers love and support your dream. It’s the validation that you’re offering a good product and the appreciation when customers return for me.  But, when customers stop showing interest, it can make you question your abilities as a business owner. Slow interest is usually a result of change or a sign that change is on the horizon. Here are some of the steps you can take if you’re suddenly losing customers. Identify recent changes Are there any elements of your business that you’ve changed so far? If your client numbers are dwindling suddenly, it could be a result of changes you’ve made recently. ...
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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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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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