Most of us have heard this term, but its meaning and use are elusive.
EBITDA is used as a performance measurement by some firms and is often incorporated into loan covenants.
Businesses have different legal and financial structures...
In August 2018 the IRS “issued a private letter ruling allowing an unnamed employer to make 401(k) contributions
on behalf of employees who are repaying their student loans, and although it doesn’t set a precedent for other
employers, it’s an interesting development when it comes to fighting student loan...
The Supreme Court has ruled that states can mandate that companies, previously outside their jurisdictions,
must collect sales tax on all transactions to which sales tax applies. As a business, you may say, I am a
manufacturer who sells to distributors, my customers purchase for resale....
Some details may have gotten lost in the noise of the tax law change. Entertainment expense is no longer deductible.
You will need to assess the value of your entertainment spending in light of the changed law. Meals, however,
remain 50% deductible. If your business tracks these two expenses in a single expense...
Many payables functions spend considerable time verifying that all expenditures are documented with receipts.
Is this a productive use of the payables function’s time? Major firms answer no. Many payables functions spend
considerable time verifying that all expenditures are documented with receipts...