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 ...

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 ...

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 ...

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 ...

Salary or wage surveys typically are useful to HR practitioners looking for benchmarks against which to compare an organization's compensation structure. Nevertheless, relying on salary surveys ...

External financing is any kind of business funding you acquire from sources outside the company. Bank loans, investments from private individuals or investment firms, grants and selling company ...

When reviewing the cost of hiring and maintaining employees for your business or for a particular job, you may encounter the term "unburdened labor." This is another way of describing the amount ...

If you get the family in the car for a vacation, you would most assuredly plot a map to your destination. Wouldn't you? Then, if you want your business to develop and grow, why wouldn't you do the ...