The 10 Steps Of The Procurement Cycle
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
1y ago
Management in any company must understand the art of obtaining products and services. The procurement cycle follows specific steps for identifying a requirement or need of the company through the final step of the award of the product or contract. Responsible management of public and corporate funds is vital when handling this necessary process, whether The post The 10 Steps Of The Procurement Cycle appeared first on Payroll Heaven ..read more
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EPO vs. PPO
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
Navigating the myriad of health insurance plans available can be incredibly complex, with seemingly an avalanche of acronyms and abbreviations being thrown around. This article will compare Preferred Provider Organizations (PPO) and Exclusive Provider Organizations (EPO) to help you understand the difference between these types of health insurance plans when it comes to making the The post EPO vs. PPO appeared first on Payroll Heaven ..read more
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Ensure vs. Insure
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
The usage of ensure vs. insure is very important from a contractual perspective, while they sound very similar they can have very different meanings in a legal context. Insure means to safeguard against loss or damage, typically through the purchase of insurance to do so. If a contract stipulates that the individual must insure something The post Ensure vs. Insure appeared first on Payroll Heaven ..read more
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What Is An IR35 Business Entity Test?
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
IR35 can be quite a confusing subject for many contractors, as employment status isn’t always that simple, making it difficult to work out exactly where you stand with the legislation – whether you fall ‘inside’ or ‘outside’. Inside Vs Outside It is HM Revenue and Customs that determines which way your practices fall, and if The post What Is An IR35 Business Entity Test? appeared first on Payroll Heaven ..read more
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Using The Power Of Social Media To Suceed As A Contractor
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
Anyone starting a business before the internet age would have had to go through a potentially long and drawn-out process of research and phone calls just to get themselves registered as self-employed. However, the advent of increasingly well-connected technology means that now all these jobs can be completed online within minutes, not to mention the The post Using The Power Of Social Media To Suceed As A Contractor appeared first on Payroll Heaven ..read more
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Bankruptcy: A Viable Solution To Your Extreme Financial Problems
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
Almost everyone has financial troubles at times, but some people experience financial problems on a regular basis. Constant financial problems can lead to serious health conditions if they aren’t properly resolved in a reasonable period of time. If you are in a situation where you’re overwhelmed by your financial responsibilities and you feel as if The post Bankruptcy: A Viable Solution To Your Extreme Financial Problems appeared first on Payroll Heaven ..read more
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Avoid 6 common mistakes in selling a business
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
Most entrepreneurs eventually think about selling their businesses, whether as a prelude to retirement or to pursue other activities. In doing so, they often underestimate the effort required for a satisfactory outcome and overestimate the value and saleability of their enterprises. If you’re contemplating selling, here are some common mistakes to avoid. 6 common mistakes The post Avoid 6 common mistakes in selling a business appeared first on Payroll Heaven ..read more
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Better Business Choices: Analyzing Your Breakeven Point
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
Breakeven analysis is an important and useful tool in better business choices. Whether starting a new business, expanding current operations, contemplating an acquisition, downsizing, or approaching banks and other potential lenders, one should know what the breakeven is. Breakeven is simply the point at which costs equal income – no profit, no loss. It’s an The post Better Business Choices: Analyzing Your Breakeven Point appeared first on Payroll Heaven ..read more
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Key Financial Indicators: Manage Your Business With a Few Key Numbers
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
Regardless of the type of business you’re running – whether it’s selling electronics, making furniture, or servicing automobiles – monitoring a few key financial indicators is often all that’s needed to keep your company growing and prosperous. On the other hand, neglecting a firm’s vital signs can lead to management by crisis and corrective action The post Key Financial Indicators: Manage Your Business With a Few Key Numbers appeared first on Payroll Heaven ..read more
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Two financing options for your business: equity and debt
Payroll Heaven | Payroll and Accounting News
by Payroll Heaven
2y ago
Financing Options for Your Business Start-up businesses and long-established firms share common ground in at least one respect: the need for financing. Managers of fledgling companies often debate the best way to obtain funds for buying inventory, heavy equipment, and buildings for making widgets. In the break rooms and suites of fortune 500 firms, executives The post Two financing options for your business: equity and debt appeared first on Payroll Heaven ..read more
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