Is the balance sheet more important than the income statement?

Before answering this question, I’ll take you through common perceptions of the income statement vs. the balance sheet, as well as recent developments. International Financial Reporting Standards (IFRS). The income statement provides a summary of the income and expenses of an organization during a particular period. Historically, this was the first report the financial statement …

The rules and regulations pertaining to New York bankruptcy law

There are several chapters like Chapter 7, 9, 11, 12, 13 of the bankruptcy code under the federal law that governs the bankruptcy laws of New York. The various chapters of bankruptcy law cover various topics and therefore provide guidance on how to deal with and decide the cases included in each chapter effectively. Chapter …

Labor and Employment Law: What to Expect in 2012

1. Limitations on Employee Credit Checks. California employers have long enjoyed the right to conduct background checks that included reviewing applicants’ credit reports before extending job offers. This practice, as of January 1, 2012, will no longer be the case — without very specific conditions. This is because a new law has been enacted to …

The Pros and Cons of Cybersecurity: How You Will Grow and End Your Business

Over the past 12 months, the world has witnessed some of the largest data breaches and cyberattacks in history, including global consultancy Michael Page. As last year’s attacks have shown, recruiters are a prime target for cybercriminals. Why? Because recruiters have the one thing hackers love: data and lots of it. But there is a …

Marketing and Marketing Communications for Small and Medium Businesses: Important Forecasts for 2017

2016 ended with Americans exhausted by emotionally harrowing politics, stories of foreign entanglements and violence at home. Companies have also struggled with modest economic growth and a turbulent stock market. As we begin 2017, everyone – consumers and organizations alike – faces uncertainty in a variety of areas. Against this backdrop, companies have yet to …