Financing A Small Business What Are The Financial Responsibilities Involved In Running A Business

Tariff ... The word comes from the Italian word tariffa "list of prices, book of rates," which is derived from the Arabic ta'rif "to notify or announce." Trade tariffs in the United States U. S. Historical Tariffs (Customs) Collections by Federal Government (All dollar amounts are in millions of U. S...

Bretton Woods System ... Preparing to rebuild the international economic system as World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference. The delegates deliberated upon and signed the Bretton Woods Agreements during the first three weeks of July 1944...

Tax Incidence ... In that all business taxes reduce profitability, and in accordance with the principles set out by the Physiocrats, they reduce the amount of rent that the business can pay and thus the incidence falls on the landowner... The land owner may be the business itself but the effect is to cut into that part of the revenue stream that consists of land rental value...

Sales Tax ... A portion of the sale may be exempt from the calculation of tax, because sales tax laws usually contain a list of exemptions. Laws governing the tax may require it to be included in the price (tax-inclusive) or added to the price at the point of sale...

Interest Rate ... Interest rates targets are also a vital tool of monetary policy and are taken into account when dealing with variables like investment, inflation, and unemployment. Historical interest rates In the past two centuries, interest rates have been variously set either by national governments or central banks...

Property Insurance ... In May 2007, New York Gov. Eliot Spitzer announced more than $4.5 billion would be made available to rebuild the 16-acre (65,000 m2) WTC complex as part of a major insurance claims settlement...

Value Added Tax ... The "value added" to a product by a business is the sale price charged to its customer, minus the cost of materials and other taxable inputs... With the VAT, collections, remittances to the government, and credits for taxes already paid occur each time a business in the supply chain purchases products...

Corporate Tax ... Company income subject to tax is often determined much like taxable income for individuals. Generally, the tax is imposed on net profits...

Marketing Plan ... This "corporate mission" can be thought of as a definition of what the organization is, of what it does: "Our business is ."... This definition should not be too narrow, or it will constrict the development of the organization; a too rigorous concentration on the view that "We are in the business of making meat-scales," as IBM was during the early 1900s, might have limited its subsequent development into other areas...

Taxation In The United Kingdom ... Income tax was announced in Britain by William Pitt the Younger in his budget of December 1798 and introduced in 1799, to pay for weapons and equipment in preparation for the Napoleonic Wars. Pitt's new graduated (progressive) income tax began at a levy of 2 old pence in the pound (1/120) on incomes over £60 (£5,077 as of 2012), and increased up to a maximum of 2 shillings (10%) on incomes of over £200...

Property Tax ... There are three species or types of property: land, improvements to land (immovable man-made objects, such as buildings), and personal property (movable man-made objects). Real property (also called real estate or realty) means the combination of land and improvements...

Marketing ... This replaces the previous definition, which still appears in the AMA's dictionary: "an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders." It generates the strategy that underlies sales techniques, business communication, and business developments...

Insurance Law ... At the same time, eighteenth-century judge William Murray, Lord Mansfield, was developing the substantive law of insurance to an extent where it has largely remained unchanged to the present day - at least insofar as concerns commercial, non-consumer business - in the common-law jurisdictions...

Health Insurance ... 1) a contract between an insurance provider (e.g. an insurance company or a government) and an individual or his sponsor (e.g...

Monetary Policy ... Monetary policy differs from fiscal policy, which refers to taxation, government spending, and associated borrowing. Overview Monetary policy rests on the relationship between the rates of interest in an economy, that is, the price at which money can be borrowed, and the total supply of money...

Investment ... Investment is involved in many areas of the economy, such as business management and finance whether for households, firms, or governments...

Capital Gains Tax In The United States ... Ordinary income rate Long-term capital gain rate Short-term capital gain rate Long-term gain on commercial buildings* Long-term gain on collectibles Long-term gain on certain small business stock 10% 0% 10% 10% 10% 10% 15% 0% 15% 15% 15% 15% 25% 15% 25% 25% 25% 25% 28% 15% 28% 25% 28% 28% 33% 15% 33% 25% 28% 28% 35% 15% 35% 25% 28% 28% * Unrecaptured Section 1250 gain... Applies to the portion of gains on depreciable real estate (structures used for business purposes) that has been or could have been claimed as depreciation... Small company stock capital gains Section 2011 of the Small Business Jobs Act of 2010 exempts 100% of the taxes on capital gains for angel and venture capital investors on small business investments if held for 5 years...

Liability Insurance ... If a declaratory judgment is sought, the issue of the insurer's duty to defend will be resolved. If the insurer decides to defend, it has thus either waived its defense of no coverage (later estopped), or it must defend under a reservation of rights...

Ad Valorem Tax ... A conventional or retail sales tax attempts to achieve this by charging the tax only on the final end user, unlike a gross receipts tax levied on the intermediate business who purchases materials for production or ordinary operating expenses prior to delivering a service or product to the marketplace... Maurice Lauré, joint director of the French tax authority, the Direction générale des impôts, as taxe sur la valeur ajoutée (TVA in French) was first to introduce VAT with effect from 10 April 1954 for large businesses, and extended over time to all business sectors...

Real Estate ... It is a legal term in jurisdictions, such as the United Kingdom, Canada, Australia, United States of America, Dubai, Trinidad and Tobago, Barbados, and The Bahamas. Real estate law is the body of regulations and legal codes which pertain to such matters under a particular jurisdiction and concerns such things as commercial and residential property ownership, development, and transactions...