The Obama Administration recently delayed the enforcement of the Patient Protection and Affordable Care Act until Jan 2015. Many employers are still struggling to understand the implications of this complex health insurance reform law. What will it mean for your business?
People go into business because they have an interest in producing a specific product or service. The last thing they want to do is wade their way through all kinds of financial ratios. The liquidity analysis is an important ratio for an owner to know about, and this guide will take you through it.
As this year ends, why not make a New Year’s business resolution and focus a marked effort to organize your company’s financials? If you plan all year long, when tax time comes, the meeting with your tax professional will be much easier and less stressful.
Whether you’re starting your own small business or if you’re already managing a successful enterprise, there are ways to streamline your forecasting processes. At the end of this catalog you’ll even find advice for forecasting and analyzing your own personal finances.
Are you a small business owner who is concerned with how implementation of the 999 tax plan would impact your business? This interview with an expert on these issues is a must read to help you answer your questions.
What are some of the mega giants who have lost it all in bankruptcy filings? Here, we’ll take you through a pictorial look at ten of them with a synopsis on what went wrong with each. Bankruptcy is never fun, but maybe some of these companies should have seen it coming.
What important lessons can be learned in revisiting the key milestones in the history of accounting? Here, readers will come to understand that even in the earliest levels of civilization; humans devised methods of keeping track of events and transactions for making important economic decisions.
Who’s afraid of being audited? Most business owners are, and they dread the day they might receive an IRS audit notification. Actually, the fear stems primarily from not knowing what to expect; hence, we’ve created this guide to audits particularly for small business owners.
The advent of MS Excel spreadsheets and templates has somehow dispelled the general notion that accounting work is tedious and monotonous. Here, small business owners will find loads of downloadable templates and sample forms compiled as a collection of quick references for them.
Have you ever heard of a standard mileage rate? Did you know that the part of your home that is used for business is deductible if you meet the criteria? These and other tips for claiming small business tax deductions are reviewed here for your convenience.
The tools needed to understand and manage equity are presented succinctly in this collection of articles. Join us for a look into the world of cash flow, debt financing, equity financing and financials. You become a better manager for your enterprise with a mastery of this body of knowledge.
Businesses sometimes fall upon hard times just as individuals do and may have to file bankruptcy. A business has several options including pre-bankruptcy workouts and different types of business bankruptcy to rely on. Here’s what you need to know.
Without inventory, a business owner finds it impossible to operate. But what happens to the unaware entrepreneur who knows nothing about inventory management? Few understand the importance of their stocked items but Bright Hub offers an inventory management guide to help you make smart decisions.
Cash basis accounting is one of two methods being used to record business transactions and many prefer this over the accrual method because it is less complicated. However, is it really? Test yourself to find out if you can figure out problems using cash accounting terminology.
Managerial accounting entails gathering and analyzing the financial data being used by various departments in formulating their strategies and arriving at sound decisions. A bit of complexity is involved here; but having access to a managerial accounting guide helps clarify some of the grey areas.
Computing analysis ratios is easy but interpreting them the way savvy financial managers do can be difficult. Delve into this guide to understanding and using accounting and finance ratios and use it as a ready reference in evaluating a company’s liquidity, profitability and efficiency
Working capital: these words are gold to the small business owner, and if you don’t understand how it works, what it is or where to get it, your business could be heading south. Here, we’ll walk you through all you need to know about working capital including how to manage it.
Despite the widespread use of financial reports, many can’t make heads or tails of the data or understand how they are used to make sound business decisions. Access to a comprehensive guide to key business financial statements reduces or eliminates one’s vulnerability to business misrepresentation.
If your business is low on cash—all the time, you need to learn how to better manage your cash flow. It’s not impossible or hard, but often you may have to use some unfamiliar tools and make some decisions on what expenses to cut. Our guide here will help you prepare for those cash-tight times.