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Foreign Exchange 101

For many, Foreign Exchange is, well, foreign to them. Foreign Exchange, also referred to as Forex or FX, is the exchange or the conversion of one currency to another. Given the globalization of the economy, Forex transactions total more than $5 trillion daily making the Forex Market the most liquid in the world.  The U.S. Dollar (USD) is the most widely traded currency followed by the Euro, the Yen and the British Pound.  Forex rates are used to convert one currency to another and create parity between the currencies.

How Does Forex Work?
Let’s start with a simple example of a…


Tips to Improve Employee Retention

According to a 2018 report from the U.S. Bureau of Labor Statistics, employees are quitting their jobs in record numbers, reaching levels that we haven’t seen since 2001. This should make it clear that retaining talented and skilled employees should be one of your company’s TOP priorities.

Studies on the cost of employee turnover are all over the board. Some studies (such as SHRM) predict that every time a business replaces a salaried employee it costs six to nine months’ salary. For a manager making $40,000 a year, that’s $20,000 to $30,000 in recruiting and training expenses.

Another interesting statistic –…


Hedge Against Rising Interest Rates

Several times in my career, I have been asked by a client to provide a long-term fixed-interest rate for a commercial real estate purchase or refinance. Clients have asked why they are able to obtain a 30-year fixed-rate loan on a residential home purchase, but are limited to a 5- or 7-year fixed-rate loan for commercial real estate financing. The simple answer to this is interest rate risk.

For a bank, there is risk associated with providing long-term fixed-rate financing on a loan with variable-funding costs (deposits). Consider this example, a bank provides a commercial loan with an interest rate…


Small Business Spotlight: Chestnut Hill Brewing Company

Small businesses are at the heart of every community. At Univest Bank and Trust Co., we have the privilege of working with local entrepreneurs. Whether they are starting a new business, growing their existing business or expanding to a new facility, we’re honored to be their partner and help on their journey to success. That’s why we’re highlighting a few of our small business customers. They discuss what inspired them to take the leap and start their own business, bumps they hit along the way and advice they have for other entrepreneurs.

Making Your Dreams a Reality
Lindsey Pete and Nick…


Businesses – Save with Section 179

If you’re looking to acquire equipment in the near future or are a supplier looking to save your customers money, act now and save with Section 179. Utilizing Section 179 could have a significant impact on the effective after tax cost of equipment/software purchased and put into service in 2018.*

  • Covers new and used equipment/software^
  • Maximum deduction limit of $1,000,000

Take the full tax benefit now and spread your expense over a multi-year financing term to considerably reduce your true cost of ownership. For a limited time only, you can stack your deductions with our ‘No Pay Till Tax Day’…


It’s Time for a Business Check-Up

Just as we should go to our doctor once a year, an annual business check-up is a good practice to implement. Although the economy is currently strong, economic activity seems to be leveling off as we enter 2019. There are many headwinds that could affect your business next year.

Doing a check-up now will help you determine what things to continue, what things to stop, and what things to try. Many of you do this already, so use this as a reminder that the end of the year is a good time to review your processes and activities. The following…


Small Business Spotlight: Mi Casita Spanish Immersion Preschool

Small businesses are at the heart of every community. At Univest Bank and Trust Co., we have the privilege of working with local small businesses. Whether they are starting a new business, growing their existing business or expanding to a new facility, we’re honored to be their partner and help them on their journey to success. That’s why we’re highlighting a few of our small business customers. They will discuss what inspired them to take the leap and start their own business, bumps they hit along the way and advice they have for other entrepreneurs.

Establishing a Love of Learning…


Small Business Spotlight: Work Horse Installations

Small businesses are at the heart of every community. At Univest Bank and Trust Co., we have the privilege of working with local small businesses. Whether they are starting a new business, growing their existing business or expanding to a new facility, we’re honored to be their partner and help them on their journey to success. That’s why we’re kicking off our small business series highlighting a few of our small business customers. They will discuss what inspired them to take the leap and start their own business, bumps they hit along the way and advice they have…


Tips to Tackle Financing for a Startup

Are you thinking about starting a business, but have struggled with the concept of obtaining necessary financing? There is no doubt that starting a business is difficult. We’ve all heard the “conventional wisdom” that 90% of businesses fail within their first year. But how accurate are those statistics?

According to the Bureau of Labor Statistics study of Business Employment Dynamics, approximately two-thirds of businesses with employees survive at least two years, with about 50% making it for five or more. After those first few volatile years, success rates improve. So perhaps those doom-and-gloom startup statistics are based more on long-held…


What Every Employer Needs to Know about HR Compliance

Every employer must comply with employment law, rules and regulations. Business owners have to take a proactive approach to ensure that their organization meets all of its legal obligations at the Federal, State and Local levels. This can include following fair recruitment policies, preventing and addressing workplace discrimination and ensuring staff are compensated fairly.

Deciding how their organization will meet these new compliance responsibilities is an ongoing challenge that is critical to preventing liability. Below are some of the key HR compliance topics business owners need to consider.

Harassment in the Workplace

Harassment is a topic that should never be ignored, but is…

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