A wholly owned subsidiary is a separate company formed by a parent company, but the parent company owns 100 percent of the stock of the subsidiary. There are several tax benefits when a company ...

If your S Corporation is large enough, you may need to complete a Schedule L on the tax return. The Schedule L is a two-year comparison of the company balance sheet according to the accounting ...

Construction and engineering contracts normally use the percentage of completion method for revenue recognition. Under U.S. generally accepted accounting principles, the PCM is the preferred ...

The importance of orientation in business is often understated. Orientation and onboarding processes are critical for the new employee to grasp the company processes and job roles. Orientation ...

External financing is any kind of business funding you acquire from sources outside the company. Bank loans, investments from private individuals or investment firms, grants and selling company ...

It would seem to be a simple formula to factor labor costs into a recipe. Time the employee as she makes the dish. Multiply the time by her hourly salary and you have the labor cost. There's a bit ...

When reviewing the cost of hiring and maintaining employees for your business or for a particular job, you may encounter the term "unburdened labor." This is another way of describing the amount ...

A number of major federal laws exist that define the rights of employees and employers, and these are augmented by a wide variety of state and local laws that further expand these rights.

If you get the family in the car for a vacation, you would most assuredly plot a map to your destination. Wouldn't you? Then, if you want your business to develop and grow, why wouldn't you do the ...

Budgeting in corporate businesses is a team effort involving people from all organizational levels. Managers and individual contributors from every department do their part to provide information ...

As a small-business owner, you probably have a good head for numbers. This skill puts you in a good position to assess a capital investment decision from a purely financial, or quantitative ...

When it comes to planning, SWOT is a very common planning process. It is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats. To conduct a SWOT analysis and other types of ...