With the holiday season approaching, organizations may find that individuals or groups who benefit from the organization’s services, desire to make year-end gifts to the organization’s employees for their loyal service.
Examples include the parents of private school students providing year-end gifts to their children’s teachers or a hospital patient’s desire to financially thank the medical team that provided excellent care for the patient. read more »
It’s time for fall maintenance on your home. Tackle any trouble spots outside before winter arrives. Start with outside jobs before it gets too cold and rainy. And some tasks, such as electrical or plumbing problems, are best left to the pros. read more »
Millennials are joining the workforce at an increasingly high rate as this generation, born between the years of 1980 and 2000, are ages 34 and under. That means more than half of the generation is college age or older, and they are entering the workforce with their ready to take over the world mind-set. Studies show that number is more than 75 million, so you will more than likely be hiring or have hired a millennial and this article is for you. read more »
Payroll management for your employees can be a major task. Whether you have five or 5,000 employees, there are many steps that go into getting your employees the most important part of their role with you, their paycheck. CEOs of small businesses often times try to manage their payroll in the early days to save money, but they end up spending double the amount of time doing something they do not enjoy or fully understand. There are many steps involved in running payroll for your company. read more »
No matter the size of your company, your employees are your most important asset, and culture and process should start from the top. Whether you provide a service or sell a product, your employees play a major role in making that process happen. There are key things you can do as a business owner to not only create a productive and efficient culture, but also to ensure you hire the appropriate employee for the job. read more »
How do you know? Job costing involves not only the direct expenses of labor and materials, but many other indirect costs such as depreciation, overhead, employee benefits, equipment, tools, and other outlays necessary to operate your manufacturing plant -- even if they are not related to any one specific job. read more »
IRS regulations under Section 472 allow for a simplified inventory method to calculate price index computation used in computing the Last-in-First-Out (“LIFO”) method of inventory. This method uses an index published by the Bureau of Labor Statistics, and it could mean less time having to be invested in calculating, maintaining, and rolling forward your own internally-developed indices.
Here are a few benefits of LIFO: read more »
As retailers continue to cope with lagging sales and escalating costs in the current economic environment, manufacturing and distribution companies feel the domino effect of these symptoms with increased chargebacks (also known as customer deductions and short pays). Most can be classified into three categories: read more »
It may sound like an easy decision to liquidate or hold a discount sale on products and equipment that are clogging your distribution channel, but if you operate as a C-corporation, there may be other options to effectively clearing out your inventory and reducing your tax bill. read more »