You're skilled at keeping simultaneous track of your company's profits and costs, including business operating expenses. Case in point: You can probably calculate your gross profit - revenue subtracted by the cost of goods sold - with little effort. But…
Operating Expense
The state of small businesses can give companies of all sizes insight into how to weather the economy right now, particularly the challenges caused by inflation. Specifically, cash flow is a significant concern for small businesses. Nearly 40% would have…
With inflation's impact on the costs of raw materials, commodities, labor and shipping, trying to control costs at your organization may feel like you're climbing up a downward-moving escalator. But even with higher supplier prices across the board, it's possible…
Time to take a second look at your budget. 2021 shipping costs will likely be higher than originally thought. Updated predictions during the recent “Code Red Freight Forecast” webinar break down the numbers by types of shipping. The numbers you…
If your company “reasonably” expects to receive forgiveness for your Paycheck Protection Program (PPP) loan in that taxable year, you cannot deduct your PPP expenses. So says just-released IRS Revenue Ruling 2020-27. Companies have long had questions about timing of…
There's good news and bad news for employers that own one or more buildings. (more…)
If your company is thinking of relocating, it'd be a good idea to check out these cities. (more…)
The courts sent a clear message in this case: Fiduciaries that fail to forward workers' 401(k) contributions to the plan in a timely manner can face more than just fines. (more…)
