Understanding Business Expenses and Which Are Tax Deductible

Understanding Business Expenses and Which Are Tax Deductible

What Are Business Expenses? Business expenses are costs incurred in the ordinary course of business. They can apply to small entities or large corporations. Business expenses are part of the income statement. On the income statement, business expenses are subtracted from revenue to arrive at a company’s taxable net income. Business expenses may also be

Industry Make sure Definition

Industry Make sure Definition

What Is a Business Guarantee? The term “business guarantee” refers to credit cards in which the business itself—rather than its individual owners or employees—is responsible for repaying the debts incurred. Business guarantees are commonly when businesses issue company credit cards to their employees.  When applying for such cards, the credit card company will first evaluate

Industry Insurance policy: Definition, Types, and Importance

Industry Insurance policy: Definition, Types, and Importance

What Is Business Insurance? Business insurance coverage protects businesses from losses due to events that may occur during the normal course of business. There are many types of insurance for businesses including coverage for property damage, legal liability and employee-related risks. Companies evaluate their insurance needs based on potential risks, which can vary depending on the

What Is Business Intelligence (BI)? Types, Benefits, and Examples

What Is Business Intelligence (BI)? Types, Benefits, and Examples

What Is Business Intelligence (BI)? Business intelligence (BI) refers to the procedural and technical infrastructure that collects, stores, and analyzes the data produced by a company’s activities. BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics. BI parses all the data generated by a business and presents easy-to-digest reports

Trade Prison duty Insurance policy Definition

Trade Prison duty Insurance policy Definition

What Is Business Liability Insurance? Business liability insurance protects the financial interests of companies and business owners in the event that they face formal lawsuits or any third-party claims. Such policies cover any direct financial liabilities incurred, as well as any legal defense expenses. The three main types of business liability insurance are: General liability insuranceProfessional liability

Industry Commonplace sense: Definition, Benefits, and Example

Industry Commonplace sense: Definition, Benefits, and Example

What Is Business Logic Business logic is the custom rules or algorithms that handle the exchange of information between a database and user interface. Business logic is essentially the part of a computer program that contains the information (in the form of business rules) that defines or constrains how a business operates. Such business rules are operational policies that are usually