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What Are Capital Investment Models?

There are several different decision models we can use to evaluate proposed capital projects. We want to consider three and mention a fourth. The three that deserve most of our attention are net present value, internal rate of return and the payback period. It should be noted that these are not competing methods. Each has its individual strengths and one is not inherently better than the others. Nor is it a matter of using one versus...

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Top Tax Advice for Small Business Owners

This usually happens because other activities, such as releasing a new product to market or getting new clients, always take priority for many start-ups and new business owners. There are also many cases in which professionals starting their own business don’t have the required skills or find it difficult to juggle with the many aspects of running a business on their own, such as sales, invoicing and chasing payments, IT...

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Setting Up a Company – You Must Know All the Rules Right From the Start

If you are looking for setting up a company, you need to do lots of groundwork, starting from a survey. You cannot decide it overnight and start a business of your own. The very basic and necessary thing is to decide the type of business to start with. Businesses usually are of two types – manufacturing and service. Both these types of industries require different types of background, infrastructure, resources, and workforce....

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Tips on Choosing an Accounting Supplies Company

Looking for a better source of accounting supplies? While the local stationary shop or big box office supply store down the street has its appeal, it may not have the specialized supplies your company needs such as highly secure MICR checks. Use these tips to choose the best accounting supply company for your specific needs. Assess Your Accounting Supply Needs Before you start searching for a supplies company, you’ll need to...

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The Time Value Of Money In Accounting

A significant difference in the two types of decisions, short-term and long-term is the time value of money, which does not need to be taken into account when making short-term decisions, but does so when making long-term, capital investment decisions. A dollar received today has greater value than a dollar to be received a year from now for three different reasons – risk, inflation and interest. To illustrate, let’s say I...

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