When you empower your employees with an expense account, you trust that they won’t blow a few thousand dollars on a suite at the Park Hyatt. But seriously, do your employees really know what’s acceptable?
SMBs brace yourselves. The receipt race is coming. As the holiday season draws closer and SMBs prepare to shut down over the break, they could find themselves confronted with employees eager to be reimbursed for their expenses they accrued over the year.
Good cost management is necessary for all companies, all year round. But where do you start?
Claiming car expenses can be minefield for some business owners, as deduction methods vary depending on your work situation. This simple two-part method will help you decode whether you can claim vehicle expenses, and which methods will help you achieve the best deduction.
So what strategies can you implement now to help the business in the future? How do you improve your position now?
If there’s one thing that doesn’t change for small business year to year, it’s the importance of good cashflow management.
As a small business owner you would understand the accumulative effect of every dollar. If your business were to save $5 each working day (assuming you work 250 days a year), it will have saved $1,250 – enough for a new laptop.
Expense Reduction Analysts Australia, a leading cost-reduction and procurement consultancy, announced today it expects to save Australian clients more than $3.2 million in 2010.
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