As raw material and transportation costs continue to climb, many distributors are encountering price increases from their suppliers. Waiting for prices to stabilize isn’t an option for businesses feeling the pinch of these increases. Before deciding to cut your losses with a supplier, consider these strategies for working around rising supplier costs.
Why do employers make bad hiring decisions? Recognizing a few of the common culprits sets the stage for embracing what may be a better hiring process. Here are some of the main reasons, according to authors Lori Davila and Louise Kursmark.
When it comes to a potential customer base, many manufacturers are just scratching the surface. The International Trade Administration estimates that less than 1% of 30 million U.S. companies export their goods worldwide, with small businesses making up more than 70% of U.S. exporters. This means most companies are missing out on a bevy of customers: Two-thirds of the world’s purchasing power is outside the...
Tuesday, the Tennessee legislature approved the repeal of the Tennessee gift tax with a retroactive effective date of January 1, 2012. Governor Haslam has indicated his intent to sign the bill into law.
This is great news!
After the bill is signed we will send out additional information...
Amazon, under an agreement with the State of Tennessee, has started sending notices to customers in the state detailing their purchases for 2011. Under this agreement, they will continue to notify customers of their potential Tennessee use tax liability until January 2014, at which time Amazon...
The following table provides some important federal tax information for 2012, compared with 2011. Some of the dollar amounts change due to inflation. Other amounts are changing due to legislation.
Sixty-five percent of the largest global companies have Twitter accounts, 54 percent have Facebook pages and 50 percent have YouTube video channels. More and more finance professionals are finding social media useful too.
LinkedIn is generally regarded as the top social media tool for business people. Use LinkedIn to keep an updated network of past, present and potential co-workers. LinkedIn allows...
The Situation: You’re the CEO or CFO of an organization and one of your key finance employees gives their notice. Among the other priorities you were currently working on, now you have to find out how to cover this individuals’ work in the interim and eventually hire a replacement, all while keeping the rest of the organization up and running. What steps should you take? What do you...
Can manufacturers reduce their payroll taxes without shedding employees? It may be possible If you implement certain strategies that can trim your tax burdens and boost your balance sheet.
Using sophisticated inventory management software is supposed to solve the problem of inaccurate counts, but that's not always the case. Delays in order fulfillment and angry customers are inevitable if your warehouse is plagued by erroneous inventory counts.
If your inventory data doesn't match what you physically have in your warehouse, it's time to take corrective action.
Many factors influence how you practice medicine. Competition from urgent care centers, so-called minute clinics and the Internet have all, no doubt, affected the way you manage your practice. But one thing has not changed: your need to satisfy your customer, the patient.
The business of a medical practice involves a complex set of procedures and carefully coordinated acts that allow a patient to be treated, referred and billed. Yet new employees are expected to get up to speed in a short time, and established staff members may choose to cut corners over time. That’s why a detailed, updated and enforced office procedural manual is a great tool to help ensure consistency in...
The greatest asset of any physician practice is its employees — the good ones, that is. Just about every practice manager has had to deal with a problematic staff member at one time or another. Problems can range from an employee not performing his or her job properly to someone stealing cash, medical supplies or equipment from the practice. The biggest mistake many practice managers make is either taking...
The Internal Revenue Service has announced that tax-exempt organizations with January and February filing due dates will have until March 30, 2012, to file their annual returns. The part of the e-file system that processes electronically filed returns of tax-exempt organizations will be off-line during January and...
Can manufacturers reduce their payroll taxes without shedding employees? It may be possible If you implement certain strategies that can trim your tax burdens and boost your balance sheet.
