Insurance includes workman’s compensation and professional liability insurance. Many professional organizations have to provide errors and omissions insurance and this is a cost of labor.
Payroll is envisioned as the simple employer employee agreement related to compensation for services. I often think of this as the simple handshake whereby the employer agrees to pay the employee a set rate per […]
In any industry, especially transportation, it is essential for the owner of a business to understand how much it costs per mile to operate his vehicle, trucks or fleet. The formula looks simple and in […]
‘Fixed costs’ is a business term used mostly in cost accounting. It has several meanings based on its usage. The most common definition associated with fixed costs is expenses that must be paid regardless of […]
Any business with employees should have worker’s compensation insurance, also referred to as workman’s compensation insurance. Most states mandate this insurance if the employer reaches a certain number of employees (numerical and not full time […]
One of the most misunderstood principles of business deals with the one or few individuals in a small business operation who are critical to operations. This individual is referred to as the Key Man. The […]
The Internal Revenue Service promulgates rules and regulations concerning the employment status of workers. In general, workers are classed as W-2 employees and certain tests must be met to have the worker classed as a […]