Which business documents are subject to retention? Who is obligated to store them? 2 years, 6 years, 10 years: How long is long enough? The requirements for retaining commercial documents and their relevance to tax law can be confusing. We will guide you through the process and show you what needs to be kept by whom and for how long, as well as how to properly store business documents.Statutory retention periods for business records
Saying no at work is a balancing act. On the one hand, it is important to show team spirit and sometimes to take on additional tasks even in stressful situations. On the other hand, people need to stay within their own limits so they can remain productive and motivated over the long term. With the right approach, you can do both.Saying no at work: How to politely say now and defend your choices
Many U.S. companies must comply with records management or face hefty penalties. The Sarbanes-Oxley Act was passed in 2002 to crack down on corporate fraud and to regulate accounting in companies. Read on for more information about the requirements and what the act aims to achieve.Records management: what does it entail?
Whether in a workshop or an office: Things don’t always go as planned. The 5S methodology can help us carry out tasks more efficiently and make better use of available resources. Invented in Japan, it has already revolutionized the corporate world there. What’s behind the method, and how can its individual steps be integrated into daily working life?5S Methodology: Increasing workplace productivity
Are you planning on setting up a side business and want to know how to go about it? Starting your own side business while working full time is a great way to minimize your financial risk. Test the waters, but first make sure you are legally registered and that you are even allowed to work on the side. This article contains a step-by-step guide on how to make the process run without a hitch.Starting a side business
Starting a new business comes with a great deal of new responsibilities and paperwork – wising up on the relevant administrative requirements for your business is a good way to avoid issues in the future. This is certainly the case for declaring tax – and to collect tax for your company you will need to register for an employer identification number (EIN), otherwise known as a sales tax number, or...An introduction to employer ID numbers
Do you want to bring a new product onto the market or offer a service that’s in demand? Then you first have to calculate the sales price. Doing this involves many factors. All conceivable costs as well as your profit margin must be incorporated into the price calculation. What are all the things that you should keep in mind?Price calculation: How should you calculate sales prices?
An interview is not an easy situation - neither for the applicants, nor for you as the employer, who ultimately decides who to accept and who to reject. If you have to conduct an interview, you should do it in such a way that you can get as detailed a picture of the candidate as possible. A structured process and open, credible communication will make this process a lot easier for you.Conducting an interview - the right way to do it
Even if prices are raised and there are more affordable alternatives on the market, we will often continue to buy products from the same brand. The reason for this is the same as explaining why we always choose to fly with the same airline or get our coffee from the same place: we share the company’s values. These values are formed on the basis of the company vision and mission statement. But what...Mission statement vs. vision statement
Letting employees go is hard on all parties, but it can be made a lot easier if you plan which layoff criteria to use beforehand so you’re ready if the worst case scenario presents itself. There are five main methods employers can use to work out who to keep in the company and who sadly has to be laid off. The defined criteria is taken into account and each employee can be evaluated according to a...Layoff criteria - the different methods