How Much Should I Spend for Marketing?

Question: I am planning to franchise my pancake business next year. I know I need to ramp up marketing before I push through with the plan. How do I determine ...

Making The Annual Business Budget

In this edition of Ask the Expert, financial guru Henry Ong gives us a list of things to consider in making an annual business budget. What are the main factors ...

Don’t Think of Depreciation As A Negative Thing

In business, when you pay for something that you use to generate sales, you treat the item as an expense. Buying office supplies, printing marketing brochures, or paying for newspaper ...

Choosing the Right Accounting System

An accounting system consists of the methods and records that identify your transactions and provides a basis for accounting for your assets. It is vital to managing your business. In ...

Is the Price Right?

Since it determines the level of profit that you can earn, pricing is an important element in your business strategy. Your pricing strategies can affect not only the volume of ...

The Accounting Checklist

When you are in business for yourself, you normally would get so busy with the operational aspects of your company. Very often, in fact, some entrepreneurs tend to focus too ...

How Much to Pay Yourself?

Q: How should a business owner compute the monthly compensation that he will set aside for himself from the earnings of his business, especially if the business is still in ...

Take Control of Your Inventory

Many entrepreneurs tend to overbuy inventory to take advantage of quantity discounts especially if the merchandise is imported abroad, or when they project their sales targets too high for a ...

How to Compute for VAT

Q: How do I compute the VAT? A: The Value Added Tax is computed by getting the difference of the output tax and input tax. If you are the seller, ...

5 Ways to Prepare for Income Tax Filing

Q: My startup business has just started operations last year and I will be filing my income tax this April. What are the things that I should prepare for so ...