Maximum working hours for employees

Maximum working hours for employees

 

The FLSA has come up with some guidelines to make sure that employees are compensated for their extra working hours. As well as federal laws, certain states have their own rules which must be adhered to. Employers who do not follow these rules can be taken to court and may face...

 

Online time tracker: Functions & uses for online timekeeping

Online time trackers: Functions and uses

 

Online time trackers make it easier for you to track your employee’s working hours. Furthermore, many applications offer comprehensive functions that go well beyond mere timekeeping. This way, you simplify your personnel planning and resource planning. It’s not only large...

 

Self employed tax

How do you pay tax correctly as a freelancer?

April is usually the deadline for filing tax returns on the previous financial year in the USA. This process often leads to questions: How do I determine my earnings? What can be deducted? Which forms need to be filled out? What are the deadlines and extensions? Something that often escapes many freelancers is that sticking to some small organization and recordkeeping habits throughout the year...

Filing entertainment expenses: Here’s how it works

Entertainment expenses – make the most of the tax incentives

When it comes to the entertaining of both clients and employees, it is possible to save a lot of money by following the tax authorities’ guidelines closely. By doing this you can spend a fraction of what you would on entertainment expenses and even get 100 percent of some expenses back. Find out here which events can be counted under this scheme as well as what the requirements are for doing it...

Maximum working hours for employees

Maximum working hours for employees

The FLSA has come up with some guidelines to make sure that employees are compensated for their extra working hours. As well as federal laws, certain states have their own rules which must be adhered to. Employers who do not follow these rules can be taken to court and may face jail time.

Online time tracker: Functions & uses for online timekeeping

Online time trackers: Functions and uses

Online time trackers make it easier for you to track your employee’s working hours. Furthermore, many applications offer comprehensive functions that go well beyond mere timekeeping. This way, you simplify your personnel planning and resource planning. It’s not only large corporations that benefit from this. It makes organization easier for small and medium-sized businesses as well.

Product life cycle

The four stages of the product life cycle

After introducing a product on the market, many companies tend to wonder how its sales will evolve in the future. Every product goes through the same stages. Once you understand the product life cycle stages, you can better plan out your company’s operations. This model affects a wide range of business sectors. Ideally, you should be thinking about the product life cycle for marketing as well.

Supply and demand

Supply and demand – how they control the market

Supply and demand determine pricing in a free market. Demand has an influence on supply and vice versa. With no demand, any supply is redundant, and with no supply, demand is ineffective. When they are in equilibrium, prices remain stable and goods are affordable. But how exactly does the law of supply and demand work?

ABC analysis

ABC analysis: a method for business planning

ABC analysis identifies which goods or customers generate the most revenue. It assigns individual items to specific categories based on how much they contribute to the total value. This makes it easy to determine which items are very important and should be prioritized (category A) and which only contribute a small amount to the total value (category C).

What is EBITDA?

EBITDA: How to calculate this key figure

To correctly evaluate a company, and to be able to compare it with others, you require appropriate key figures. However, the profit at the end of the year is not the right choice for all situations. Business economists often use other comparison values. The EBITDA value emerges again and again in this context. But: what is EBITDA?

EBITDA margin

EBITDA margin: This is how easy it is to calculate the value

You rely on meaningful figures for running your company. The EBITDA margin gives you a powerful tool for measuring the profitability of your company in its day-to-day business operations so you can make corrections if required. You can ignore items which are not significant for the result of your company operations. We explain how to calculate the EBITDA margin.

Grow Your Business

A solid business growth strategy is paramount for any business owner. This category focuses on all the aspects that follow the establishment of a company; from business strategy and growth, to recruitment, bookkeeping, and taxes.


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