Keeping a business successful and profitable is no easy task. Business owners need to constantly explore opportunities to save money and reduce risk, which is why evaluating payables and commercial card options is a good place to start optimizing operations. A streamlined payables system could be very advantageous for a business, particularly one that’s just starting out. However, payables systems are complex, and there are a lot of components involved…
Ronnie Washington, Onward, NBKC, fintech
Within the past couple of years, innovations under the blanket moniker “fintech” have taken international banking and technology industries by storm — and Kansas City is no exception. But, many ask, what exactly is it? The term “fintech” originated as an abbreviation for “financial technology” and encompasses a wide berth of processes, including payment exchange systems like PayPal and Venmo, artificial intelligence and any tech related to digital, online or…
Onward, FinLab, FinTech, Ronnie Washington
A startup with ties to Kansas City recently won a spot in the New York-based Financial Solutions Lab (FinLab).  Headquartered in Washington, D.C., Onward Financial Inc. founder Ronnie Washington graduated from NBKC’s FountainCity Fintech accelerator in December and has continued to do work out of Kansas City. “It’s really, really exciting,” Washington said about winning the position. “I just received the news on Tuesday, so this week has just been crazy.” Only five U.S….
calculator taxes
With over 130 new tax provisions, the historic Tax Cuts and Jobs Act offers year-end tax planning opportunities for individuals and businesses.  It’s a perfect time to double-check whether any of these opportunities are a fit for your situation. For Business Owners Business Income Deduction The new 20 percent deduction from qualified business income (QBI) has received a lot of attention since it was enacted last year. Known as Section…
small business finance
Financing your business can be an integral part of whether you grow. To many business owners, this can be very intimidating, as it is usually not an area of expertise. In 20-plus years career of putting loans together, I’ve seen many times what a business owner needs to do in preparation for a loan and what kind of lending institutions are there to help. I have had a small business…