![Checklist for Starting a Business: Things You Must Consider Before Going into Business [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2446_0_0jpg.jpg)
Checklist for Starting a Business.✅ 𝗚𝗲𝘁 𝗙𝗥𝗘𝗘 𝗧𝗼𝗼𝗹𝘀 𝗳𝗼𝗿 𝗦𝘁𝗮𝗿𝘁𝗶𝗻𝗴 and Managing 𝗮 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀. 𝗛𝗲𝗿𝗲: https://www.bizmove.com/. You get worksheets, books, checklists, templates, guides, spreadsheets, and more. Business Freebies: Free Stuff for Business Owners and Managers Free Business Books From Amazon: https://www.bizmove.com/free-books-online/business-free-amazon-books.htm Video Guides to Improve Your Management Skills: https://www.bizmove.com/books/management-skills-books.htm 300 Free Business and Management Guides: https://www.bizmove.com/business-management-course/ Free Business Templates and Tools: https://www.bizmove.com/tools/ Free Management Skills Books: https://www.bizmove.com/books/management-skills-books.htm Free Downloadable Business Plan Template: https://www.bizmove.com/business-gifts.htm Free Starting a Business Books: https://www.bizmove.com/books/starting-a-business-books.htm A Comprehensive Resource of Free Management and Business Related Stuff: https://www.bizmove.com/
![Thinking of Starting a Business? Here Are Some Key Considerations [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2437_0_0jpg.jpg)
Thinking of Starting a Business?✅ 𝗚𝗲𝘁 𝗙𝗥𝗘𝗘 𝗧𝗼𝗼𝗹𝘀 𝗳𝗼𝗿 𝗦𝘁𝗮𝗿𝘁𝗶𝗻𝗴 and Managing 𝗮 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀. 𝗛𝗲𝗿𝗲: https://www.bizmove.com/. You get worksheets, books, checklists, templates, guides, spreadsheets, and more. Business Freebies: Free Stuff for Business Owners and Managers Free Business Books From Amazon: https://www.bizmove.com/free-books-online/business-free-amazon-books.htm Video Guides to Improve Your Management Skills: https://www.bizmove.com/books/management-skills-books.htm 300 Free Business and Management Guides: https://www.bizmove.com/business-management-course/ Free Business Templates and Tools: https://www.bizmove.com/tools/ Free Management Skills Books: https://www.bizmove.com/books/management-skills-books.htm Free Downloadable Business Plan Template: https://www.bizmove.com/business-gifts.htm Free Starting a Business Books: https://www.bizmove.com/books/starting-a-business-books.htm A Comprehensive Resource of Free Management and Business Related Stuff: https://www.bizmove.com/
![Financial Leverage – Meaning, Formula, Calculation & Interpretations [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2430_0_0jpg.jpg)
This tutorial covers the most important aspects of the Financial Leverage Ratio. You will learn precisely what the Financial Leverage Ratio is, how to calculate it, and how to interpret the findings. Using the Colgate Case Study, we will also go over how to calculate Financial Leverage in Excel. You can download the Colgate Financial Leverage template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is Financial Leverage?——————————————–The financial leverage ratio is used to determine the impact of debt on a company’s total profitability. A high ratio indicates that the fixed costs of running the firm are high, while a low ratio indicates that the fixed costs of running the business are low. Formula——————————————–Financial leverage Formula = % change in Net Income / % change in EBIT Interpretation——————————————— The more debt a company has, the greater its financial leverage.- Data from the last five to ten years should be used to determine financial leverage. For more details, you can refer to our article – https://www.wallstreetmojo.com/financial-leverage/ Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/?utm_medium=copy_linkTwitter https://twitter.com/wallstreetmojo
![Tax Deduction for Sex Worker? [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2375_0_0jpg.jpg)
Can you get a tax deduction for paying a prostitute?In 2004 and 2005, a tax lawyer named deducted more than $100,000 he had paid to prostitutes for services rendered. He categorized this as a medical expense per § 213 of the tax code. He described it as “sex therapy”Now, § 213(a) does allow a deduction for medical/dental expenses. But the Treasury Regulations say you can’t get a deduction for illegal medical treatments. Since prostitution was illegal in the taxpayer’s state of New York, the Tax Court disallowed the deductionThe taxpayer also tried to deduct several thousand dollars for pornographic materials, but the Tax Court said that didn’t count as a medical expense either. The materials weren’t prescribed by a doctor, and were thus a personal expense. And the tax code doesn’t give many deductions for personal expensesSo, if you want to deduct the cost of sex therapy:• It needs to be legal in your state• It needs to be prescribed by a doctor— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/
![Operating Leverage – Meaning, Formula, Calculation; Interpretations [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2364_0_0jpg.jpg)
In this tutorial, we’ll go over the finer details of Operating Leverage, including its meaning, formula and step-by-step calculations. After that, we will use the Colgate Case Study to compute Operating Leverage and interpret the results. You can download the Colgate Operating Leverage template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is Operating Leverage?——————————————–Operating leverage is an accounting metric that assists analysts in analyzing how a company's operations are related to its revenues. Moreover, the ratio details how much of an increase in operating profit the company will have with a specific percentage increase in sales – emphasizing the predictability of sales.Formula——————————————–Degree of Operating Leverage Formula = % change in EBIT / % change in Sales.Interpretation——————————————— Lower Operating Leverage means higher variable costs and lower fixed costs. In this situation, abusiness must generate a minimum level of sales to pay its fixed costs. It can earn additional profit in terms of Selling Price minus Variable Cost until it achieves the break-even point, where all of its fixed costs are covered.- Lower variable expenses and higher fixed costs are associated with higher operating leverage. Thebreak-even point will be higher in this case since the fixed costs are higher. The benefit is that once the break-even point is reached, the company will be able to earn a greater profit on each product because the variable cost is low.For more details, you can refer to our article – https://www.wallstreetmojo.com/operating-leverage/Connect with us!YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/?utm_medium=copy_linkTwitter https://twitter.com/wallstreetmojo
![Funds Transfer Pricing | Banks [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2317_0_0jpg.jpg)
Banks have a lot of different business units, and management would like to be able to evaluate each business unit as an independent profit center. This would allow the bank, for example, to compare the performance of its residential mortgage unit to its credit card unit. But there’s a problem. The bank’s treasury department manages the liability side of the balance sheet and therefore incurs interest expense, while the bank’s business units make loans that generate interest income.Thus, how do you evaluate the profit of the treasury department if it has no interest income? And how do you evaluate the profit of a business unit (e.g., commercial lending) if that unit incurs no interest expense? This is where funds transfer pricing comes into play. Funds transfer pricing is the process of allocating the cost of funds (interest expense) to business units and allocating interest income (from loans, credit cards, etc.) to the treasury department. This permits each business unit to be treated as an independent profit center. To determine the cost of funds for different business units, the treasury department would create a cost of funds curve (FTP curve) that represents the current costs of raising funds. A higher cost of funds would be assigned to business units that have riskier products.Funds transfer pricing is thus a mechanism for allocating interest income and expense so that each business unit can be evaluated for its net interest margin.The allocation of interest expense and interest income to business units is purely for internal use and performance evaluation; it doesn’t affect the financial statements reported to investors.— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/
![Join AICPA & CIMA Women’s Global Leadership Summit- Live online [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2311_0_0jpg.jpg)
Join AICPA & CIMA Women’s Global Leadership Summit- Live onlineJoin hundreds of accounting and finance professionals online who are committed to creating an inclusive and equal profession, just like you.#AICPAwgl
![DuPont ROE Analysis – Meaning, Formula, Calculation & Interpretations [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2298_0_0jpg.jpg)
This tutorial will walk you through the DuPont ROE concept from scratch, including the formula, step-by-step calculations, and interpretation. Following that, we will use the Colgate Case Study to calculate and interpret the DuPont ROE in Excel. You can download the Colgate DuPont ROE template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is DuPont ROE?——————————————–The DuPont Formula, developed by the DuPont Corporation in 1920, divides Return on Equity (ROE) into three parts: Profit Margin, Total Asset Turnover, and Leverage Factor. Investors and financial analysts widely use it to determine how a firm generates its return on shareholders’ equity.Formula——————————————–DuPont ROE Formula = Profit Margin * Total Asset Turnover * Leverage FactorUses——————————————— DuPont ROE helps investors determine how effectively a firm uses its resources and how leveraged it is.- The correlation between net income and shareholders’ equity is clearly highlighted by DuPont ROE. For more details, you can refer to our article – https://www.wallstreetmojo.com/dupont-formula-roe/Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/?utm_medium=copy_linkTwitter https://twitter.com/wallstreetmojo
![Tax Planning Strategies for Businesses [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2244_0_0jpg.jpg)
Here’s what it means for a business to engage in good tax planning:Avoid income recognition by generating tax-exempt income.Defer income recognition by postponing the sale of assets, doing a 1031 exchange.Maximize deductions by keeping receipts for business meals, using a portion of your home exclusively for business (home office deduction).Accelerate deductions by using § 179 expensing, bonus depreciation, cost segregation.Maximize tax credits by hiring individuals who face obstacles finding a job (work opportunity tax credit). You can also reduce your effective tax rate by:• Shifting income from high-tax jurisdictions to low-tax jurisdictions • Shifting income from high-bracket taxpayers to low-bracket taxpayers• Shifting income from high-bracket tax years to low-bracket tax years• Converting ordinary income to capital gains• And avoiding double taxation— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people. — SUBSCRIBE FOR FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE* http://eepurl.com/dIaa5z — HIRE MICHAEL MCLAUGHLIN, PHD, CPA* https://michaelmclaughlin.com/hire-me— GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT* https://edspira.thinkific.com—LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc* Website: https://www.edspira.com/podcast-2/—GET TAX TIPS ON TIKTOK* https://www.tiktok.com/@prof_mclaughlin—ACCESS INDEX OF VIDEOS* https://www.edspira.com/index—CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira* Instagram: https://www.instagram.com/edspiradotcom* LinkedIn: https://www.linkedin.com/company/edspira—CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin—ABOUT EDSPIRA AND ITS CREATOR* https://www.edspira.com/about/
![Return on Owners Equity – Meaning, Formula, Calculation & Interpretations [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2232_0_0jpg.jpg)
This is a comprehensive tutorial on Return on Owners Equity. You will learn precisely what Return on Owners Equity is, how to calculate it, and how to interpret the results. Using the Colgate Case Study, we will also go over how to compute the Return on Owners Equity in Excel.You can download the Colgate Return on Owners Equity template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is Return on Owners Equity?——————————————–Return on Owners Equity is a profitability indicator that compares a company’s profits to its owner’s equity. Moreover, the return on owner’s equity is calculated solely on the common shareholder’s equity. Since preferred dividends and minority interests constitute a priority claim, they are subtracted from Net Income.Formula——————————————–Return on Owners Equity Formula = Net Income (after preferred dividends and minority interest) / Common Shareholder’s Equity Interpretation——————————————— Because common shareholder’s equity is a year-end number, some analysts prefer to use average shareholder’s equity (average of beginning and year-end). – ROE can be viewed as a profitability ratio from the perspective of a shareholder. This shows how much profit is earned through shareholder investments rather than the company’s overall asset investment.- To have a better view of the company’s progress, ROE should be examined over a long period of time (5 to 10 years). Shareholders do not benefit directly from higher ROE. A higher ROE equals a higher stock price.Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/?utm_medium=copy_linkTwitter https://twitter.com/wallstreetmojo
![Tax Loss Harvesting for Crypto [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2176_0_0jpg.jpg)
If you own cryptocurrency and its value declines, you can sell it to book a tax loss, and then repurchase that same cryptocurrency later. Thus, you get a tax loss for the decline in your crypto while staying invested in that crypto. You can’t do this with stocks. If you sell a stock at a loss, you have to wait at least 31 days before repurchasing that stock. Otherwise the IRS treats it as a wash sale and you can’t deduct the loss.But the wash sale rules don’t apply to cryptocurrency because crypto is property, not stock.You can sell crypto to book a loss and then repurchase that same crypto. Now you don’t want to repurchase the crypto 5 seconds after you sell it, or the IRS could categorize this as a sham transaction and disallow the loss. You should wait at least a day if you don’t want problems with the IRS.— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people. — SUBSCRIBE FOR FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE* http://eepurl.com/dIaa5z — HIRE MICHAEL MCLAUGHLIN, PHD, CPA* https://michaelmclaughlin.com/hire-me— GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT* https://edspira.thinkific.com—LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc* Website: https://www.edspira.com/podcast-2/—GET TAX TIPS ON TIKTOK* https://www.tiktok.com/@prof_mclaughlin—ACCESS INDEX OF VIDEOS* https://www.edspira.com/index—CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira* Instagram: https://www.instagram.com/edspiradotcom* LinkedIn: https://www.linkedin.com/company/edspira—CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin—ABOUT EDSPIRA AND ITS CREATOR* https://www.edspira.com/about/
![Value-at-Risk Explained [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/09/mp_2123_0_0jpg.jpg)
The 2008 financial crisis showed banks that a liquidity crisis could have catastrophic results, possibly resulting in the bank’s failure. Not surprisingly, banks now take great interest in assessing liquidity risk. One way to measure liquidity risk is value-at-risk (VaR).VaR measures the maximum potential loss in the value of a financial instrument over a period of time (called the “VaR time horizon”) for a certain confidence level. For example, let’s say a bank paid $940 for a corporate bond with a face value of $1,000. The value of this bond will fluctuate on a daily basis as interest rates change. But what if you want to know the maximum loss the bank could expect to have on the bond in the next 6 months, with a 90% confidence level? Let’s say you perform an analysis and find that the VaR for the next 6 months at a 90% confidence level is $200. This means the maximum expected loss is $200 in the next 6 months, but there is a 10% chance that the maximum loss will turn out to be higher than $200.You can estimate the VaR using historical returns or Monte Carlo simulation.We can apply the same concepts behind VaR to examine the effects of risk factors, such as changes in interest rates or currency exchange rates, on the bank’s economic value of equity (EVE) and net interest income (NII). • Equity-at-risk is the maximum decrease in the bank’s EVE for a given time period and confidence interval• Earnings-at-risk is the maximum decrease in the bank’s NII for a given time period and confidence interval— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people. — SUBSCRIBE FOR FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE* http://eepurl.com/dIaa5z — HIRE MICHAEL MCLAUGHLIN, PHD, CPA* https://michaelmclaughlin.com/hire-me— GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT* https://edspira.thinkific.com—LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc* Website: https://www.edspira.com/podcast-2/—GET TAX TIPS ON TIKTOK* https://www.tiktok.com/@prof_mclaughlin—ACCESS INDEX OF VIDEOS* https://www.edspira.com/index—CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira* Instagram: https://www.instagram.com/edspiradotcom* LinkedIn: https://www.linkedin.com/company/edspira—CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin—ABOUT EDSPIRA AND ITS CREATOR* https://www.edspira.com/about/