Before we had paper money, developed countries like the U.S., Canada, Japan, etc. used commodity money; finite goods with intrinsic value like gold, salt, and cocoa beans, as mediums of exchange. Even today, developing countries use commodity money as currency. In...
Metrics are an important tool to measure results and drive the right behaviors in a business. The best businesses utilize metrics to improve results and involve staff at all levels in the reporting of these results. However, one mistake that business owners often make...
In order to protect your business you must regularly evaluate internal controls. Doing so will ensure effectiveness and efficiency of operations and support reliable reporting. Here are five internal controls your company should evaluate: Signature Stamp Do you have a...
Business owners face a myriad of regulatory checklists when setting up a new venture. Before the first customer walks through the door, the new owner has already tackled seller’s permits, licensing, zoning, and registration, among other hurdles. Even after these boxes...
Stock options can be a great way to motivate key employees, help them feel more invested in the future of the company, and make overall compensation plans more attractive to current and prospective employees. For these reasons, it is becoming increasingly popular for...
If your company has taken advantage of IC-DISC in the past, it’s important that you understand how tax laws can impact your business for the upcoming tax season. According to the IRS, in order to qualify as an IC-DISC, a corporation must meet the following: Have at...
