First Federal Bank Blog

According to the 2020 Global Study on Occupational Fraud and Abuse, businesses lose about five percent of their annual revenue to fraud. And while large businesses can implement internal checks and balances for their accounting systems, small businesses often lack the resources to do so, making them even more vulnerable to certain types of fraud.

Phishing is an all too common way for scammers to learn your personal information and access your financial accounts. To help prevent yourself from falling victim to a scam, it’s wise to learn exactly how phishing works. 

Tax season is never a fun time of the year, but it’s important not to treat doing your taxes as yet another item to quickly cross off your to-do list, especially as the owner of a small business. There are a few common tax errors small business owners are prone to making, and avoiding them could save you a pretty penny.

You don’t have to venture far from home to enjoy the outdoors with your family. Pitching a tent in the backyard is a great alternative to build memories with your children while practicing social distancing. Here are six simple steps to pull off a successful backyard camping experience:

For many parents, saving for a child’s college education is a major source of stress. It’s often difficult, if not impossible, to know how much you actually need to save, as the cost of attending college varies wildly depending on the school and whether your child qualifies for financial aid. Without knowing what college your child will attend,...

Credit cards are a central part of the modern shopping experience — and if your business can’t accept credit card payments, you’re probably missing out on some serious revenue. Luckily, you won’t have to jump through too many hoops to process credit card payments. Consider these three simple payment-processing methods that your company can...

When it comes to the responsibilities of adulthood, independence and enjoying an American lifestyle, few obligations are as daunting as paying your taxes. To those who have never had to do so before, filing yearly tax forms, learning the terminology, sorting through mountains of paperwork, and tracking your refund can be an overwhelming task. If...

Buying a home is a milestone worth celebrating, but it takes planning and preparation before signing the closing documents to ensure the purchase doesn’t become more of a burden than a blessing. Proper planning involves determining how big of a down payment you need and saving money for that down payment. Here are some pointers to get you started:

In these unusual times, many of your employees may be working from home. It’s likely they have taken steps to create an ideal working space to make the experience more comfortable, and to enhance their productivity. Before they return to your small business’s workspace, take time to evaluate and improve your office ergonomics.

Social media offers an opportunity to connect and share with others, but it can also expose your child to bullying, negativity and potentially dangerous individuals. Take these steps to help your child safely navigate the world of social media and capitalize on its benefits.