AI and SMBs: Navigating Opportunities and Challenges
Discover how small and medium-sized businesses (SMBs) are embracing artificial intelligence (AI) to drive growth and address challenges. Financial institutions are actively supporting SMBs in their investment endeavors, recognizing the potential of AI in enhancing competitiveness and streamlining operations. Despite challenges like budget constraints and market limitations, SMBs are keen on adopting AI to secure their market share and differentiate themselves from competitors. Learn more about the future of AI in SMBs and the role of financial institutions in supporting their adoption journey.
Accountants Providing Vital Support to Overwhelmed Business Owners Amid Cost-of-Living Crisis
Accountants are positioned to offer crucial assistance to business owners struggling with the cost-of-living crisis. Data analyst Julia Thomson warns that small businesses in Australia are facing cash flow issues and uncertainty. With factors like rising wages and reduced consumer sentiment adding to the pressure, accountants have a unique opportunity to support overwhelmed clients. The upcoming ACE24 Accounting Conference will address key industry trends, including the impact of changing customer needs and the challenge of a shrinking talent pool in the accounting field.
Lawsuit Exposes Predatory Practices of Cash-Advance Operation
New York Attorney General Letitia James has filed a lawsuit exposing the predatory lending practices of cash-advance operation Yellowstone Capital and its related companies. Allegations include fraudulent loans with interest rates as high as 820%, leading to the closure of businesses like City Bakery. The lawsuit seeks to bar these entities and individuals from engaging in such practices.
Donna Kelce collaborates with Annie’s Barn to raise funds for elementary school kids
Donna Kelce, mother of NFL players Travis Kelce and Jason Kelce, collaborates with small business Annie’s Barn to raise funds for elementary school kids in Kansas by allowing her famous cookie recipe to be printed on mugs. Each sale of the $18 ‘Mama Kelce’s Cookies’ mug contributes $5 to paying off elementary school lunch debt, raising a total of $4,100 so far. Kelce’s support for this cause has made a meaningful impact in addressing the school meal debt crisis.