Finance Business

Four Small Business Accounting Necessities

- by Nathan Robinson

Running your own small business can be both incredibly challenging and incredibly rewarding. Often you have to wear a variety of different hats from the CEO to Marketing Director to Accountant.

Four Small Business Accounting Necessities

However, one thing that is incredibly important for any small business to succeed is correct accounting. If you don’t stay on top of your marketing expenses, your debt, and your receivables, your business will inevitably run into trouble. Accounting is one of the necessary chores of all entrepreneurs, but it will help you manage your operations while preventing the IRS from wanting to audit you. To keep your business moving towards profits and away from the tangled mess of a receipt box, you need to get your small business accounting in order with these four tips.

Keep Your Business and Your Personal Accounts Separate

A major mistake often happens to new business owners when they simply combine their business …

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Property Tax Calculations

I Am Promoting My Home, Transfer Tax And Will Cost property tax calculator

- by Nathan Robinson

property tax estimator indianaHow specifically does your city come up with your property tax worth? In this instance, if you are in the AMT this year but do not anticipate to be in the AMT in 2011, by waiting until January to spend this bill you will save up to 35% in Federal income taxes (39.6% if the “Bush tax cuts” are permitted to expire). This obviously is significantly higher than the two% discount you will forego and the five% penalty you will incur.

It generates both earnings tax deferral and income tax reduction. Revenue tax deferral is successful given that much more depreciation is taken in the early years of actual estate ownership. Earnings tax reduction is obtained given that more revenue is taxed at the capital gains rate (15% maximum versus the ordinary earnings tax rate at 35%). The tax deferral delays the payment of taxes until a …

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Financial Mathematics Example

Staying Organized During Your Event Planning to Reduce Stress

- by Nathan Robinson

According to the American Institute of Stress, there are more than sixty one percent of people who tend to stress over work related events and also job pressure was rated number one for the main reason why people experience stress in their lives. Studies continue to show that more and more people are experiencing stress due to the nature of their work. People put in a significant amount of effort and time into their jobs that that they end up stressing more than they have too. Because of this stress they face with their jobs, they end up suffering from more serious stress that can cause physical symptoms as well. It is critical to make sure that you find ways to have relief in the workplace to better manage your stress. There are several techniques and methods that you can try to try to alleviate some of your stress. …

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Business Math Topics

Manage Your Service Truck’s Inventory with the Touch of a Button

- by Nathan Robinson

If you or a contractor have been out on a job in your service truck before, you know how expensive and time consuming it is when you don’t have a specific part or piece of equipment for a specific job. It’s even more frustrating when you find that the supply you have is running low and you’d have to order the parts again–which will take a while before they reach you, even with expedited shipping. In the meantime, you’d still have to pay your employees until the job is complete–or worse if you’re working with other contractors. Not only will you lose profits but also face. Your employees will doubt your judgment as a leader and customers will no longer think your company is reliable enough to complete the job on time. Though it seems like this an unavoidable part of the job, that is no longer the case–with the …

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Outsourcing Business Calculations

Your IT Project Should Have a Precisely Defined Cybersecurity Goal

- by Nathan Robinson

When you’re working on an IT project, you need to make sure that the software or system that you develop will be robust enough to handle all the cyber-attacks that will likely be initiated by the cybercriminals who are always looking for new targets in the business world. Moreover, you should keep in mind that the schedules for your IT project, the budget for your project, and the economic justification of the project will all need to be carefully detailed to make sure that you allocate enough resources to the cybersecurity aspect of your overall plan. Hence, you need to keep in mind that your IT project should have a precisely defined cybersecurity goal which will enable you to gauge the success of the cybersecurity part of the plan.

 

Your IT Project Should Have a Precisely Defined Cybersecurity Goal
Then you might also wish to give some thought to the idea that you should carefully create a precise specification …

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