More and more people are starting to run a business from home for a wide range of reasons. An important positive aspect of this type of work environment is the ability to avoid the cost of renting a separate office space or having to spend several hours at the beginning and end of the day…
Category: Business
Top 10 reasons why you should invest in land
If you are on the lookout for a good investment, you should seriously consider investing in vacant land. Most people don’t understand why land is a good investment, others just don’t give it the credit it deserves as an investment. Those wondering why land is a good investment ask questions like: What income does the…
The new rules will entitle many “white collar” workers to pay overtime.
The United States Department of Labor (DOL) has issued new rules governing overtime pay that will automatically extend eligibility for overtime pay to an estimated 4.2 million workers. Under the new rules, which take effect on December 1, 2016, most salaried workers making less than $ 913.00 a week ($ 47,476.00 a year) will be…
Legendary Indian reproduction singer SP Balasubrahmanyam succumbs to the aftermath of COVID-19!
Legendary playback singer and songwriter, actor and producer, SP Balasubrahmanyam passed away in a Chennai hospital on September 25, 2020, after an energetic fight against the COVID-19 disease. The singer-songwriter who dominated the film industries of Tamil Nadu, Andhra Pradesh, Kerala, Karnataka and Mumbai (Bollywood) for more than five decades tested positive on August 5,…
Inventory costing for intermediate accounting
Inventory costing Once companies determine the number of inventory units, they apply unit costs to the quantities to calculate the total cost of inventory and the cost of goods sold. If companies can identify in particular which particular units are sold and which are still in ending inventory, they can use the Specific Identification Method…
Mobile phone tower leasing: letters of intent
The latest cell phone tower leasing gimmick we’ve come across is tower companies using “Letters of Intent” as a tool to get homeowners to unknowingly sign what they think is a harmless letter. Some people are led to believe that this is “just a way to fix these terms with our bosses” or “just a…
The Total Cost of Inventory: Exploring Inventory Holding Costs
For most retailers, wholesalers, and distributors, inventory is the largest single asset on their balance sheet. In many ways, your inventory defines who you are and your strategic position in the market. Define your customer’s needs and their expectations of you. Legions of cost counters are employed to accurately capture and capitalize all direct inventory…
How long do I need to keep this? – A guide to receipts, statements and financial mess at home
In most homes, paper is a mess. And it seems to mysteriously multiply by itself. But how long do you need to keep all those receipts, bank and credit card statements, and other financial documents? Here’s a practice. In most homes, paper makes a mess. And it seems to mysteriously multiply by itself. But how…
Bankruptcy and the secured creditor advantage
Bankruptcies increased 32% nationwide in 2009, leaving no doubt that the embers of the recession continue to burn and small businesses are at risk of unpaid bills. In fact, it can be argued that the collective financial health of its customers forms the basis by which a small business is protected or vulnerable to financial…
The word alive
“Examining history is equivalent to examining the nature of power.” Guy debord I’m sure you’ve heard the propaganda over and over again: “Small businesses keep our community alive.” However, what is subtly omitted is the question of WHO and WHAT from the community is kept alive. It is not the low-income minorities that are being…