Other Business Management

A line of credit is similar to a credit card. The bank allows a business access to a set amount of money which the business can use as needed, up to the credit limit. This differs from a loan...

Audit plan creation can begin as early as six months before the business's audit year starts and can require considerable staff and management resources. Audit plans should consider all areas of...

Business tax returns calculate the net taxable income that your business has earned and the amount of tax you are liable to pay on that income. Whether your business is a corporation or a sole...

Simply running a business can be difficult, never mind helping your employees plan for retirement. A SEP IRA is a low-cost option for providing an employer-funded retirement plan for businesses...

Corporate tax credits are more beneficial to organizations that tax deductions because credits are awarded no matter what level of income is reported; whereas, deduction amounts often decrease as...

In these trying times, small businesses are suffering tremendous losses. When the economy is stable, there is little time to worry about issues like the debt to income ratio and break-even points...

The business opportunity of renting a property has its ups and downs. Complicating this kind of business venture, management of property can be applied in one of two approaches: managing the...

Business organizations operate under various forms of business. Closely held organizations are owned by only a few persons; usually family-owned and operated. Publicly held organizations are owned...

Income producing property can provide some tax advantages for its owners. The expenses the owner incurs in its operation, improvement or maintenance is deductible against the income that the...

One of the most important pricing decisions for a business to make regards transfer pricing. Transfer pricing, or intracompany pricing, is the pricing of goods (and sometimes services) to a firm's...

Accruals are used in accounting to record income when it is recognized, whether or not it has been received, and expenses when they are incurred, whether or not they have been paid. Accrual...

Begin writing your business proposal with a brief summary that is generated from an outline. In the outline identify who will be performing the day-to-day duties; identify the manager of the...

A farm is a small business developing a product to sell in an attempt to earn money. Farms, like any business, have expenses necessary to produce their product. The Internal Revenue Service allows...

Net operating income (NOI) is the income you derive from your business after you have deducted your operating costs. In effect, it is your income before taxes and interest have been deducted. NOI...

Businesses create financial statements at the end of each month, quarter and fiscal year. These financial statements tell the story of how well the business has done over a certain period of time....

Farmers are in the business to make money. Whether they raise livestock or grow vegetables, they are working to earn a living for themselves and their families. Like any businesspeople, farmers...

It is commonly believed that double-entry accounting was created by merchants during medieval times, but the first known document explaining the theory of double-entry accounting was written in...

You can save money in taxes by filing as an S-Corporation; however, you also have additional audit risks surrounding shareholders. The Internal Revenue Service, or IRS, forces you to maintain a...

While it is true that being an author is something of an artistic pursuit, no matter what genre you write, it is also a business. As an author, you not only need to write well, actively pursue...

NOPLAT stands for net operating profit less adjusted taxes. NOPLAT is similar to NOP but is used exclusively in investment banking and mergers and acquisitions calculations, whereas NOP is a...

The first step in starting a non-profit organization is to create a mission statement. This outlines the overall purpose of the organization. The mission statement should state why the...

An operating budget is used to track expenses incurred during the operation of a business. It is considered a short-term budget, in that only day-to-day income and costs are included, rather than...

How to become a successful real estate entrepreneur.

A bookkeeping ledger is an accounting tool used to create a record of an organization's or individual's cash flow. It can be fairly simple or complex, depending on the amount of data tracked and...

Payroll tax liability is the tax liability that arises from an employer and employee relationship. Several different types of taxes arise under U.S. law. Part of these taxes must be deducted from...

Net operating losses (NOLs) occur when tax-deductible expenses exceed taxable revenue for a particular tax period. If an entity generates taxable income in a different period, the entity can use...

To calculate a company's average income tax rate, the first thing to know is that income tax rates for businesses are tiered just as they are for individuals. In other words, the tax rate depends...

Bottom line growth is a financial metric that is focused on by bankers, management, and investors. It is a quick way to see if a company is profitable and if different strategies that have been...

EBITA is the acronym for earnings before interest, taxes and amortization. EBITA often also includes a businesses depreciation expense and is then called EBITDA.

The subject of dividend taxes has been a political issue for some time. President Bush sought to eliminate the tax in 2003. Currently, the tax rate is between 5 and 15%, though taxes on dividends...

Dividends are what a company pays to shareholders as a return on their investment. The amount or frequency of payouts can show the strength of a company and its growth over a given period of...

Understanding financial statements of business may seem complicated; especially for larger companies. While there may be more numbers and pages, every financial statement can be broken down into...

Article to increase income for your business or boost income in general.

Payroll tax deductions are levied on nearly all working people in the United States. Known as the Federal Insurance Contributions Act, this law provides for part of the income to fund certain...

Owning and operating your own business can be a rewarding experience. Many individuals enjoy the flexibility that self-employment offers. However, changing circumstances may necessitate selling...

Understanding what you can afford to pay is imperative to deciding where you can and will live. The same principle that lending institutions use to determine mortgage affordability can be applied...

To valuate a business, contact a business broker who can run detailed numbers, but generally business are worth from one and a half to three times its annual income. Understand business valuation...

Financial accounting preserves business operations in ledgers as financial transactions. A series of these transactions shows business owners, company owners, and investors how a company is doing...

Consolidated income statements reflect the income and expenses of the parent company and any subsidiaries it has controlling interest in. Care must be taken to eliminate all duplicate accounts...

In addition to complying with Internal Revenue Service (IRS) record keeping requirements for taxation purposes, a small business can benefit from a thorough record keeping system because the...

State insurance regulators require insurance companies to keep their accounting records for filing annual financial reports in accordance with statutory accounting principles (SAP). The Internal...

Almost everyone has had to file yearly income tax forms. No matter how much you may dread it, most of the time you can't dodge it. Thankfully, there are several income tax preparation software...

Believe it or not tax season is just around the corner and it is time to get your books in order. If you own your own business, set aside a few hours each week over the coming month to catch up on...

In the business world, the process of self-assessment largely refers to the process in which a business analyzes its income and capital gains and reports it to the government for tax purposes....

No one likes to file tax returns. Who would want to bother with last year's returns either? It sounds like a hair-pulling, complicated ordeal, but the process is bearable. This article will take...

All companies need to know how much money is coming in and how much is going out. The financial statements can accomplish this, however they take time to complete. To get a cursory view of a...

A business's operating income indicates how expensive it is to maintain business operations and produce a certain amount of profit. The calculation can be used for both large and small businesses...

Calculate your tax bracket with a two-step process to determine how close you are to being assessed at a higher rate. Take steps--such as charitable giving or contributing more to your 401k--to...

Bartering involves an exchange of goods or services between individuals that doesn't use money. It is a great way for businesses and individuals to market themselves to new clients and increase...

Temporary differences sometimes arise between accounting for GAAP (generally accepted accounting principles) financial statements and accounting for business income taxes. In other words, some...