All businesses experience the effects of foreign markets and competition in today's global economy. Because of this, some small businesses are taking steps to exploit not only a domestic market ...

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 ...

You can legally reduce your tax liability on income from different ventures by creating subsidiary companies. By breaking your business up into several different companies, you can offset earnings ...

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 ...

As a business owner, structuring your company as a corporation protects you from personal liability for business debts. If you dissolve the company with debts unpaid, you should be able to walk ...

Owning a small business has many advantages, including the chance to be your own boss and set your own hours. But there are also a number of risks -- including the risk of failure. When a small ...

Regular accounting is easy, but what about donations? It's important to understand how to record a donation, also known as a charitable contribution, in the company books. Companies must also ...

In the 20th century, owning a business meant owning a phone number with a land line attached to it. In the 21st century, millions of people rely entirely on cell phones. Some businesses have also ...

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 ...

Tracking financial performance over multiple years allows business leaders to steer their organization in the right direction. In particular, monitoring key sections of the balance sheet and ...

If you're a small business – or even a large one – understanding how to calculate service company labor and overhead rates is vital to the health of your firm. Overhead rates, also known as ...