Choosing between an LLC and a corporation

When you choose to take the next step in your business and join, you are faced with a big decision: Should you form an LLC or a corporation? With either option, you get limited liability protection to protect your personal assets from your business debts and liabilities, as well as various tax advantages. Still, there are big differences between these […]

Choosing a commercial property

When leasing or buying commercial property, there are many things to consider. This can determine how well your investment will be able to perform in the future and therefore should be done with the utmost care. You need to consider the property and this should include all the improvements as well as the land. You should also consider the business […]

IPhone Software Updates – Paperweight Makers

One of the few things you can count on is that Apple will release a new iPhone every year, a new and improved model than the one you just bought. By the time the new appears, they are already classifying the old as outdated and dysfunctional. So contrary to popular belief, they don’t put that iOS 10 update on their […]

Factoring vs invoice discounting

Both factoring and invoice discounting can be described as ways to obtain immediate cash by selling accounts receivable to a third party, usually a finance company. In fact, the two methods are more similar than different. Factoring, also known as asset securitization, is a direct sale of accounts receivable to the finance company. The business gets cash and the finance […]

Inventory costing for intermediate accounting

Inventory costing Once companies determine the number of inventory units, they apply unit costs to the quantities to calculate the total cost of inventory and the cost of goods sold. If companies can identify in particular which particular units are sold and which are still in ending inventory, they can use the Specific Identification Method of Inventory Costing. With this […]

The impacts of outsourcing

I’m sure many people have heard of the term “outsourcing” and know it very well, as more and more light is shed on this topic. Also, I’m sure most of you know that it has an effect on America’s rising unemployment rate. However, what most people don’t know is how much this issue contributes to America’s battle to get its […]

Is the balance sheet more important than the income statement?

Before answering this question, I’ll walk you through common perceptions of the income statement versus the balance sheet, as well as recent developments in International Financial Reporting Standards (IFRS). The income statement provides a summary of the income and expenses of an organization during a particular period. Historically, this was the first report that the user of financial statements looked […]

Find out why product placement matters to businesses today.

Today, marketing experts believe that a company must make use of new communication channels to survive and stay ahead of the competition. This is why most companies are now leaning towards product placement or branding entertainment as a new way of communicating with consumers. Through this channel, retention rates will increase even in this fast-paced society, as more people will […]

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