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What is a Tax Loss Carryforward?

Tax loss carryforward is used in accounting as a way to use financial losses within a business year as a later tax liability. This deduction from tax can be used up to seven years after the year when the loss occurred. This means that should the company experience a good year in the future they can use this tax liability to reduce the amount they have to pay.

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Top 5 Best Business Development Books Reviewed

Business development is all about growing a company and attracting new customers. This is a subject of great interest to business managers, economists, and anyone interested in how the world of commerce works. There have been some great books written on this subject over the years and here we will just examine the top 5 best business development books.

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What is Transfer Pricing?

When goods or services are transferred within an organization there needs to be a way of tracking this for accounting purposes. Transfer pricing is a method by which resources can be transferred between different divisions or subdivisions of an organization. This transfer price can also apply to any subsidiaries of the business. The purpose of doing this is to optimize the performance of the organization as a whole and to determine how each division of the company is performing. It makes it possible to calculate each division’s profits and losses separately.

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What is a Promotion and How to Get One?

A promotion is something that a lot of us dream about. It might seem like an answer to our prayers or a just reward for all our hard work. When we talk about a promotion we are usually referring to a rise in rank within an organization. For example, a manual laborer might be promoted to a foreman or a junior member of a team might be given a management position. In most instances a promotion will come with an increase in pay and improved conditions, but this doesn’t always have to be the case. It could be that the only reward from a promotion is an increase in responsibility.

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What Is the Difference Between a Copyright, Trademark, and Patent?

There are different ways to legally protect intellectual property. Three of the most well known ways of doing this is the copyright, the trademark, and the patent. Each of these protects different types of intellectual property and each works differently. It is understandable that those who create something new don’t want others to come along and steal their ideas. Intellectual property law can be very complicated though, and this is why it requires skilled legal experts to ensure protection.

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What Is Services Marketing?

The best way to sell an item will always depend on what it actually is. For example, the best way to sell nutritional supplements can differ from the best way to sell new cars. Of course, some people will be selling both services and products and so they can use a variety of approaches; they will also usually try to combine services and products into a package to make them more attractive. It is generally considered that services marketing is a bit tougher than product marketing and this is why a unique approach is called for.

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Top 5 Best Business Ethics Books Reviewed

Business ethics has been a hot topic in recent years following the last economic meltdown. There has been a lot of soul searching among many in the business community and it seems that business ethics is more important than ever. This is a subject that is taught at university but it is increasingly a topic of interest to non-academics as well. Business decisions can have a huge impact on the life of people so it is viewed as vital that there is some type of morality in the process. There have been many great books written on this topic and here are just five of the best of them.

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What is Lead Time?

When a customer orders a product there can often be a delay before they actually receive it. For instance if a buyer goes onto Amazon and purchases a book they won’t receive it right away. It can take a few days to get to them and this is referred to as the lead time. In simple terms then it is the difference between the order of a product and its final delivery. This delay can be very short or it could take months if the product involves a complicated assembly.

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