How to prioritize your workload

How to prioritize: 9 methods to help you get started

 

When work piles up, there is no way around it: prioritizing tasks is part of the daily work of a good company head or team leader. But if everything already had to be done yesterday, it can be difficult to define a clear structure. Proven concepts for how to prioritize such as...

 

Pomodoro technique

Pomodoro technique: How to resist distractions and increase productivity

 

Distractions and multitasking are among the greatest productivity killers of our time. With the Pomodoro technique, you learn focused single-tasking that significantly increases your productivity and improves the quality of your work. Find out what other advantages this time...

 

Bring your own device | what is BYOD?

Bring your own device (BYOD) – the digital trend with pitfalls

 

In the party scene, you’ve probably heard of “BYOB“ or “Bring Your Own Beer” where guests are expected to bring whatever they want to drink. The term “BYOD” therefore also sounds quite positive. “Bring Your Own Device” means you have the comfort of working on your own laptop...

 

Online Time Tracker

Online time trackers: Functions and uses

 

Online time trackers make it easier for you to track your employee’s working hours. Furthermore, many applications offer comprehensive functions that go well beyond mere timekeeping. This way, you simplify your personnel planning and resource planning. It’s not only large...

 

Maximum working hours for employees

Maximum working hours for employees

 

The FLSA has come up with some guidelines to make sure that employees are compensated for their extra working hours. As well as federal laws, certain states have their own rules which must be adhered to. Employers who do not follow these rules can be taken to court and may face...

 

G Suite vs. Office 365

Comparing G Suite to Office 365

 

Which is better, G suite or Office 365? Both providers offer users a cloud platform with business-ready office and collaboration tools. The pricing is also in a similar ballpark. Entrepreneurs who want to centralize operational work processes with cloud-based applications are...

 

EBIT margin: how profitable is your business?

You can use the EBIT margin to measure how profitable your business is and compare it with other companies. Unlike profit margins, taxes and returns don’t interfere with comparability in the EBIT margin. That’s why it’s an ideal value for international comparisons. It's also useful for comparing sectors. We explain how you can calculate the EBIT margin.

Tax consultant costs: How much does a tax consultant cost?

What does a tax consultant cost? The question arises quickly when the tax return is due or an external audit is imminent. In view of the complex tax-relevant circumstances, professional support is the logical consequence for many. To ensure that there is a happy ending when an invoice arrives at your house, you should first have an understanding of tax consultancy costs.

Three examples for calculating depreciation

For every entrepreneur, calculating depreciation is an important task. But we must ask ourselves how the calculation of depreciation actually works, and what to look out for during the calculation process. These and many other questions will be answered with the aid of three examples, which will also clarify various depreciation methods and delineate the difference between imputed costs and other...

Establishing a limited partnership: liability, costs, and more

A limited partnership is an attractive business model for people looking to start a commercial sector enterprise. It enables shareholders to reap the successes of a business without having to participate in management. Under what circumstances can a limited partnership actually be formed? What should future shareholders bear in mind when setting up a limited partnership?

What is a P&L account?

In order to properly finalize an annual financial statement, most corporations must include a profit and loss (P&L) account, which, as its name already suggests, breaks down their profits and losses for a given financial year. However, we must ask what a P&L statement should really look like. We explain the procedure surrounding P&L statements so that you stay on top of all laws, methods, and...

EBIT: The operating result

It is important to have an idea of your own company’s profitability. But looking only at the annual profit is often misleading. When it comes to EBIT, the annual net profit for income and expenses is adjusted through interest and taxes. This results in the so-called “operating result” – the key figure for success in normal business operations. We explain what EBIT is and how it is calculated.

Corporate identity: the five most important aspects and how you apply them

What is corporate identity and how does it help your company? The concept of corporate identity aims to standardize the values and behavior in all areas of a company. In doing this, you improve communication within the company, as well as externally, and use your corporate identity as a driving force to establishes and strengthens your position in the market. This guide will explain which aspects...

What is corporate social responsibility (CSR)?

Companies have a responsibility towards their employees, the community, and the environemnt. The larger the company is, the more it penetrates into all areas of our lives and should therefore behave responsibly. The ethical focus of a company is known as its corporate social responsibility (CSR). It is not only an internal direction or corporate philosophy that dictates this – the company’s impact...

Accruals and provisions made simple

Unfortunately, when doing your annual accounts, it’s not always possible to know how much your operating expenses will be in advance. Because of this, you should always allocate a portion of your income for provisions and accruals. This way, you can avoid financial risks. But what do these terms mean, and how should they be recorded on your company’s balance sheet? This handy guide provides...

What is depreciation? Starting off with the basics

What does depreciation mean and what role does it play in a business environment? These questions are of great importance to entrepreneurs. Depreciation is often a closed book for business founders. To find out more about the basics, continue reading this article, in which we explain not only various depreciation types and methods of calculation, but also shed light on how to act with low-value...


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