Expatriate Taxation in HR

Expanding your business beyond the shores of the United States — and sending management or support personnel to an international site — comes with important human resources considerations. In particular, Read More

Industry Analysis for Air Delivery & Freight Services

Thanks to air delivery and freight services, many products no longer spend weeks at sea to move from one country to another. Instead, in a matter of hours, aircraft move Read More

How to Use an Investment Portfolio to Calculate WACC

A weighted average cost of capital tells you how much money a firm can pay, on average, to investors for each dollar it raises to fund operations. You can calculate Read More

Difference Between Business Requirements Specifications & User Requirements Specifications

Business requirements specifications and user requirement specifications are terms typically found in the field of project management. Both refer to documents created in the project planning process that establish project Read More

The Tax Consequences of Affiliate Marketing in Foreign Countries

Despite the many benefits to be gained by venturing into international markets, tax risk is one of the natural byproducts of global expansion. One strategy to address this is by Read More

Sales Plan for Chemical Products

To be a niche player in the chemicals business requires a formidable sales plan. You have to devise a strategy that leverages a competent sales staff and innovative products backed Read More

Confidentiality Clause of Franchise Exit Agreements

When you want to start a business but don’t want to begin from scratch, applying for a franchise license can be the perfect solution. The relationship between a franchisor and Read More

Serial Number Inventory Management

Inventory is arguably one of the largest assets in most companies. Appropriately managing that sizable investment is crucial in your business operations. Initiating serial number inventory management is an effective Read More

How to Develop a Safety Plan for a Nursing Home & Structure

Developing a safety plan for a nursing home requires consideration of its structure and the residents who live there — typically people who are frail, cognitively challenged, comatose or bedridden. Read More

Can a Business Owner Be Held Personally Liable for Illegal Activities in Their Company?

One of the key factors in choosing a legal structure for your new business is how much personal liability protection you need. If you organize it as a corporation or Read More

Landscaping Industry Analysis

Landscaping companies keep lawns, shrubbery and trees looking attractive, improving curb appeal for their clients. The industry is lucrative in the U.S. with companies of all sizes vying for market Read More

OSHA Regulation on Fire & Safety Management

The likelihood of fire in the workplace is real and it is everyones responsibility to prevent it. That involves adhering to the regulations set forth by the Occupational Safety and Read More

Eight Steps to Effective Contract Management

The National Contract Management Association defines contract management as managing customer and supplier expectations, controlling risks and costs and integrating a broad set of functions in the buying and selling Read More

What Happens to a Subsidiary Company if the Parent Company Becomes Insolvent?

Business owners can limit liability by spinning off a high-risk activity into a separate company. When you set up your main business as the owner of the new company, it Read More

How to File a First C-Corp Tax Return After Terminating S-Corp Status

With S corporation status, shareholders of a business elect to report their share of net income from the company on their personal tax returns. The IRS allows S shareholders to Read More

Administrative Nursing Home Training Programs

Federal and state regulations direct many aspects of nursing homes, and these rules help protect and promote good care for the people living in these health care institutions. Nursing home Read More

Can You Get Out of an S Corporation at Any Time?

Organizing as a S corporation allows a small business to combine the structure of a corporation with the pass through tax advantages of a partnership or limited liability company. Owners Read More

The US Corporate Tax Laws for In-Kind Charitable Donations

The Internal Revenue Service tax code generally allows corporations to contribute to tax-exempt charitable, educational, scientific and literary purposes and to deduct the amounts from their federal income taxes. Corporations Read More

Typical Internal Audit Plan for an Engineering Company

Internal audit is a vital process that can identify both major and minor issues in an engineering company. An internal audit plan determines the steps auditors take during the this Read More

Do You Charge Sales Tax on Rent-to-Own Merchandise?

Generally, anytime your business sells inventory, it’s going to charge sales tax. In some states, certain types of rentals are taxable too. With a rent-to-own contract, from the government perspective Read More

How to Measure ROI on CRM Systems

Customer relationship management systems gather a wide range of customer data into a single source, allowing employees across an entire organization to share information and important notes about customers’ preferences, Read More

Reorganization vs. Liquidation and the Price/Earnings Ratio

When a company has no other option but bankruptcy, the owners can choose between Chapter 7, a complete liquidation, or Chapter 11, which leads to reorganization. The price-to-earnings ratio compares Read More

How Do Franchises Divide Territories?

When dividing territories, franchisors have to balance the needs of the franchisee, franchisor, and customer. The franchisee must be able to be profitable within their territory without experiencing significant cannibalization, Read More

How Companies Join Purchasing Cooperatives

Large chains and multinational companies enjoy a strategic advantage over smaller businesses in that they can leverage economies of scale when purchasing products or raw materials, which nets them significant Read More

Goals & Objectives of Call Center Cross Sales

Businesses often view call centers as a kind of necessary evil that delivers crucial customer service but at an ongoing financial loss. Call centers, however, sit at an intersection between Read More

What Happens to a Company if It Does Not Comply With Audit Reports?

An audit report is the auditors opinion through findings and recommendations after an investigation into a companys financial information. There are no statutory requirements to comply with the report, but Read More

How to Start Your Own Business Sewing Children’s Clothes

When starting your own sewing business, you always want to make sure that you have a business plan to work from. Start your own business sewing children’s clothes with help Read More

How to Grow Sales at a Liquor Store

When growing sales at a liquor store, the first thing you want to do is find a way to minimize your overhead. Grow sales at a liquor store with help Read More

What Jobs Can You Get When You Used to Work as a Shoe Designer?

When you used to work as a shoe designer, you can do a lot of other jobs in the creative services industry if you so choose. Find out what jobs Read More

How to Motivate a Sales Team to Set Parties to Sell Jewelry

Motivating a sales team to set parties to sell jewelry is all about providing them with incentives. Motivate a sales team to set parties to sell jewelry with help from Read More

How to Make Money Cleaning Out a Storage Rental

Making money cleaning out a storage rental is all about making an inventory spreadsheet in a program like Excel. Make money cleaning out a storage rental with help from an Read More

Fundraising for a 501(c)(5)

When fundraising for a 501(c)(5), you want to start by telling everybody what your mission is. Find out about fundraising for a 5010(c)(5) with help from an experienced business professional Read More

How to Get a Good Motto for Your Cosmetics Business

Getting a good motto for your cosmetics business is all about starting with a mission and vision statement. Get a good motto for your cosmetics business with help from an Read More

How to Get a Jewelry Line Going

Getting a jewelry line going begins by deciding what type of jewelry you actually want to sell. Get a jewelry line going with help from an experienced business professional in Read More

What to Wear to an Admissions Interview

When going to an admissions interview, you always want to wear business professional attire. Find out what to wear to an admission interview with help from an experienced business professional Read More

How Much Money Do College Graduates Make as Opposed to Non-College Graduates?

College graduates make a significantly larger amount of money than non-graduates do across a large number of industries. Find out how much money college graduates make as opposed to non-graduates Read More

Removing a General Partner From a Michigan Limited Partnership

In exchange for letting your partnership raise money from investors who benefit from limited personal liability, Michigan closely monitors the involvement of partners in your limited partnership. The company must Read More

How to Plan Retail Store Operations

Managing a retail entity demands long hours and takes tremendous preparation. You must push sales, hire and train staff, maintain equipment, ensure the store meets code, and polish off paperwork. Read More

Legal Loss Deductions

Losing in court is never good news for a business. You can take some comfort when tax time rolls around and you’re able to deduct some of your expenses. If Read More

Industry Analysis of Data Storage Devices

The data storage market is fast-moving, releasing a large number of new products every year. The global hard disk drive market is expected to grow at a compound annual growth Read More

How to Operate a Cottage Industry Bakery

A cottage bakery can be an exciting way to earn an income while operating from the comfort of your home. The demand for baked and pastry goods is growing due Read More

Strategy for Accelerating Revenue & Deferring Spending

A growing corporation can face the pressures of heightened expectations. Analysts and shareholders may have become accustomed to a rate of growth that management finds hard to sustain. Executive compensation Read More

Are You Required to Pay Sales Tax on Restaurant Food Purchased for Resale?

Restaurants collect sales taxes for state and local authorities, holding the funds in trust until they are sent to tax offices. Since food gets taxed when sold, food businesses don’t Read More

How to Manage a Facility Maintenance Contract

Facility maintenance is a service that many companies and government offices contract to third-party vendors. The facility manager typically negotiates contracts and oversees the work done by the vendors. Work Read More

How to Develop an Inventory Strategy

A inventory strategy addresses the practical question of how to keep a business supplied and meet customer demand. However, a successful inventory strategy connects gracefully with every other aspect of Read More

Small Business Long-Term Objectives

Small-business owners are often so hard-pressed with meeting day-to-day sales goals and management tasks that its hard to think about next years — or even next months — operational needs. Read More

Fire Prevention for Restaurants

A study done by the National Fire Protection Association found that between 2006 and 2010, nearly 8,000 establishments that serve food and beverages reported fires each year, with an annual Read More

Typical Uses for Ubuntu Private Cloud

Ubuntu, the popular Linux desktop operating system, offers a variety of server, storage and performance options to its users, including cloud technology. If you want to use Ubuntu for your Read More

Differences Between Cooperatives & Traditional Businesses

When it comes to creating and running a business, the legal ownership structure of the company affects many aspects its operation. Many small businesses start out as single owner operations Read More

How to Figure out Future Projections for a Small Business Plan

The purpose of a business plan is to help you take a proactive approach to moving your company forward. This requires not only assessing where you are now but also Read More

Difference in Gross Annual Revenue & Net Business Income

Steering a company toward success is no easy task. Accountants have devised measures to help your business understand how well it’s doing and expose weaknesses that you must address. The Read More

Audit Procedures for a Contingent Liability

Generally accepted accounting principles define contingent liability or loss as an existing situation or set of circumstances that might hurt your business. These events will ultimately resolve when one or Read More

How to Show Gratitude for Long Term Business Relationships

Simple gifts and thank-you notes to customers, vendors and suppliers dont set you apart with your business partners and might even come across as gratuitous formalities. A more effective way Read More

The Purpose of a Crisis Management Plan

A crisis management plan might seem like a project that takes a lot of time and, occasionally, some expense to develop for something youre not likely to ever use. Unfortunately, Read More

How to Value a Business With the Analysis & Appraisal

If you want to sell your business or borrow against it, youll need to analyze its individual components and appraise its overall worth. In some cases, the breakup value of Read More

The Difference Between a Strategic Business Unit and a Division

When a business reaches such a size that a small group cannot effectively handle all of its routine tasks, the leaders may opt to split the company into sections. These Read More

What Can You Do When a Business Takes Your Business Name in the Same Town?

Your business name can help draw in customers and set you apart from the competition. So when another business steals your name, it can confuse your customers and spell disaster Read More

What Prevents a Company From Going Public?

Listing shares in the public market in an initial public offering, or IPO, may seem like the obvious evolution of a growing business. By going public, a company gains access Read More

Sales Maximization Vs. Profit Maximization

The basics of running a business will always include the topics of sales maximization and profit maximization in the list of necessary information. While they are both useful concepts, though, Read More

Changes in Organizational Structure & Management Styles

Professionals often have emotional attachments to their jobs and their roles in their company. Any time an organization goes through internal changes, it has the potential to impact the workplace Read More

Does a Business Need to File a 1099c on Bad Accounts Receivable?

If you let your customers do business with your company on credit, it’s always possible some of them won’t pay. When you earn the money, you record the payment due Read More

How to Terminate Evergreen Contracts

If your contract is evergreen, it contains language that automatically renews the contract when the initial term is up, saving both parties the chore of renegotiating. However, the simplicity of Read More

Crisis Management Including Critical Incident Analysis

Ordinarily, crisis management involves a quick response, dissemination of accurate information, and consistent messages to employees, stakeholders and the public. Occasionally, a crisis of unusually large magnitude occurs — a Read More

Lean Manufacturing Standardizing Procedures

Lean manufacturing is a method by which you eliminate wasteful processes in your business. Whether you provide goods or services to your customers, when you eliminate waste you can make Read More

Warehouse Operations Assessment Strategies

To make sure your warehouse operates efficiently and you can provide good services to your customers, youll need to conduct warehouse operations assessments at regular intervals. A good evaluation strategy Read More

How to Combine Organization Systems in Acquisitions

When two organizations combine forces to become one organization, mergers and acquisitions happen. The organizations might combine all that they own to create a brand new company that is a Read More

Tax Requirements for Non-Profit Organizations

Nonprofit organizations do work that support the causes of groups such as religious, charitable, scientific and educational organizations. For example, they might promote youth sporting events or raise funds to Read More

Notice of Breach of Partnership Agreement

When you own or manage a business, you must constantly find opportunities to make the business prosper. Forming a business partnership is one way to bring in additional funds and Read More

How to Reinstate a Non-Profit

A nonprofit organization that fails to file an annual tax return or annual notice for three consecutive years will automatically lose its nonprofit status and federal tax exemption. Once a Read More

Ownership of Intellectual Property in a Licensing Agreement

Licensing agreements allow someone to use the intellectual property of another party for a limited time or purpose. Intellectual property licensing agreements typically deal with patents, trademarks, copyrights or trade Read More

How to Integrate Brand Management & Corporate Strategy

Whats good for the goose isnt always best for the gander when it comes to balancing brand management and corporate strategies. Some executive management goals might temporarily improve the bottom Read More

What Are the Benefits of Having a Management Information System Infrastracture in an Organization?

Organizations often focus on aligning management information systems with business goals. They collect, process and store data and then use this information to report on and manage operations. A viable Read More

Net Operating Loss for a Sole Proprietorship

Rather than focus on the fact that an operating loss probably means a sole proprietor made an ill-advised decision or performed a critical process incorrectly, recognize that a paper loss Read More

Example of Forward Thinking in Crisis Management

Crisis management occurs when leaders create a set of guidelines and conduct preparation activities to give direction for the most difficult situations. They plan, prepare and make decisions based on Read More

An Operational Audit of the Effectiveness of Operations

Operational audits enable you to focus on areas of your company that need improvement, while at the same time providing the opportunity to enhance areas that are performing well. During Read More

Why Should an Organization Be Concerned With Both Proactive & Reactive Crisis Management?

A crisis is an unexpected event that can cause serious internal and external damages to your company. By its very nature, a crisis is difficult to predict and plan for, Read More

Seafood Restaurant Business Goals

Goals are not just wishes and hopes for new seafood restaurant businesses. They serve as objectives actively sought and formulated even before the doors open to the public. These don’t Read More

Can Board Members Sign Contracts Outside of a Meeting?

The individual members of a board of directors can sign contracts outside of a board meeting if the board has given them the authority to act as an agent of Read More

Why Are Policies & Procedures Important for Succession Planning?

Someday, you or the other people at the top of your business won’t be there any more. While the hope is that the change will occur in a gradual and Read More

What Does Flattening of Hierarchy Mean?

As businesses grow, they tend to hire more managers to oversee employees and make decisions on behalf of the chief executive. Over time, expansion can lead to a hierarchical or Read More

Why Is Accountability Ethics & Social Responsibility Important to Nonprofit Organizations?

All organizations face issues in accountability ethics and social responsibility, but especially in the nonprofit world. Nonprofits operate in strict regulatory environments, with their operations scrutinized by supporters just as Read More

Distributor Agreement Vs. Agency Agreement

Distributor agreements and agency agreements are contracts used for similar purposes in a variety of industries, but each includes distinct characteristics establishing a different type of fiduciary relationship. A fiduciary Read More

How to Lose the Fear of Cold Calling

According to Bill Grimes, president of sales and customer service at the training firm Grimes & Associates, only three to five percent of sales professionals have no problems making cold Read More

Common Company Hierarchy Models

Companies and of all sizes rely on organizational structure to pass orders from the chief executive officer on down to the line employee. Larger companies — as well as organizations Read More

Sales Campaign Checklist

Sales campaigns can be an effective way to get rid of inventory, drive sales of a new product or service or revive interest in an offering that has served your Read More

Examples of Business Sustainability

Sustainability principles impact every business operation of your company. Business sustainability is defined as controlling or managing all the elements of business including financial operations, social responsibility, environmental responsibility, contractual Read More

Is Skype Good Enough for Business?

Skype started as a convenient way for consumers to keep in touch with their friends and family over the Internet, but businesses are turning to it as a viable solution Read More

How to Do a Concentric Merger

Concentric mergers, also known as congeneric mergers, combine two companies from the same industry that have no previous business relationship. The acquiring company absorbs the target and allows it to Read More

Analysis of the Microbrewing Industry

If you thought microbreweries were a small niche, their place in the brewing universe reveals that they are in fact a niche within a niche — a segment in the Read More

About Evaluating & Controlling a Sales Program

Sales departments at small businesses often become the tail that wags the dog because of their importance in generating revenue to keep the company afloat. This can lead to sales Read More

What Is Business Realignment?

A realignment describes a fundamental shift in the way a company does business, often necessitating a major change in the way the company markets its products or manages is internal Read More

Example of a Conflict of Interest in an Organization

A conflict of interest exists when an organization or its employees could possibly benefit from exploiting their official capacities. This doesnt necessarily mean that the parties involved are corrupt. Rather, Read More

The Impact of Mergers & Acquisitions on Business

At its core, a merger or acquisition is a consolidation of companies with the intent of growing the business. While growth is the goal, there are a number of ancillary Read More

Performance Objectives at the Supervisory Level

When employees don’t have a clear understanding of what they’re expected to achieve and how their performance will be evaluated, they tend to lose direction and motivation. The same is Read More

Examples Of Commoditization

A commodity is a type of product that is so widely available that a business brand doesnt matter as much as its relative pricing. For example, eggs are basically the Read More

Entry Pricing Strategy

Conventional business wisdom holds that its easier to lower your prices once youve established them than it is to raise them once customers are used to them. Entering a market, Read More

How to Do Inventory at the Beginning of the Year for Tax Returns

The Internal Revenue Service requires that you value your inventory at years end so that you can determine your cost of goods sold, or COGS, gross profits and taxable income. Read More

The Little Things in Business That Make the Biggest Difference

Its the little things in life that make it worth living, so the saying goes. When it comes to owning a business, this quip couldnt be more true, especially when Read More

Differences Between Demand Planning vs. Demand Management

Demand planning and demand management, although they seem similar, have distinct goals. Demand planning involves predicting upcoming consumer demand, which helps a business prepare itself for the near future. Demand Read More

The Importance of Feedback When in a Leadership Position

Some of the most successful companies in the world operate according to a philosophy of continuous improvement. Companies that emphasize continuous improvement aim to become more effective, efficient and profitable Read More