During my childhood, one of my dad's yearly rituals was organizing his income tax paperwork on New Year's Day. He would sit at his home office desk, receipts spread out in piles around him, stacks ...

Businesses of all sizes have an online presence these days, often to the great benefit of consumers and businesses looking to make an important purchase. With a quick internet search, you may ...

Who doesn't love the smell of fresh bread? Is there a better diet-busting indulgence? Probably not. The bakery industry is a huge business that caters to people's weaknesses for tasty breads ...

In economics, macroeconomics encompasses societal perspective on resource allocation. Microeconomics involves factors of resources availability and usage that impact individuals and businesses.

Profitability in business is a matter of survival: If your business doesn't stay profitable, you don't stay in business. The simple definition of profitability is that your revenue is more than ...

Gross profit margin is the percentage of revenue you retain after accounting for costs of goods sold. The figure is common and much needed as a basic means of measuring your business profit.

Entrepreneurs often begin with innovative ideas, but succeeding in a new business also requires objective assessment procedures. If your gut tells you a product, service or existing business is a ...

An S corporation is a pass-through business. That means that this kind of company pays no taxes. Instead, the firm's owners, generally called shareholders, pay all taxes, as well as penalties.

The success of a small business depends on its ability to continually earn profits. Profit equals a company's revenues minus expenses. Earning a profit is important to a small business because ...

When you visit a local store you find many goods made in lesser-developed countries. Trade agreements with these countries have removed many restrictions to trade, such as tariffs and quotas ...

When a company is making capital budgeting decisions -- whether it's something as small as buying a new copier vs. servicing an old one or as big as entering a new market -- it must weigh the ...

A Limited Liability Company (LLC) can have one of several classification types for the purpose of federal tax treatment. Some LLC classification types require the members of the LLC to elect its ...