Stock Control Software for Small Businesses

A very important part of being a business owner is to make sure that you have complete control over the all aspect of your business. And complete knowledge of your stocks, with details like how much stocks are coming in and going out of your inventory, is very crucial to in order to seize such control. But without the right tools, it can be quite an overwhelming task. And that is where a stock control software comes into play. If you’ve been to large supermarkets and malls then chances are you’ve seen these stock control software operate. Unfortunately the common notion is that such technology is expensive and there’s no way a small business can afford it.

But the good news is that such notion is not applicable anymore since getting a small business inventory control software is now affordable. But you may ask just how exactly can a stock control software help you in your business? Small businesses usually employs manual method when it comes to stock management. A method that is most likely subjected to human error which in turn causes lost revenue and headaches not only to the business owner but to the customer as well. Not to mention it is a process that takes up a lot of time. Having a stock control software handle the stock management of your business eliminates the tedium and errors that is commonly occurring with manual methods.

Using a stock control software allows you to view all your stocks in real time, so you get up to date information with no delays. So you would know exactly when to replenish your stock therefore you won’t ever run out of inventory ever again. Most stock control software is integrated with a powerful database that can hold hundreds of thousands of product records. With a stock control system, each product in your inventory gets a unique bar-code ID and when new stocks comes in a simple swipe of the bar-code scanner.

Now, not only the large businesses can benefit from using a stock control software but also small and medium businesses as well. It is truly a worthy investment for small businesses that requires a more efficient way of stock management.

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Income That is Not Taxed!

Income That is Not Taxed!

While preparing your taxes this year you might notice that some forms of income are not taxed at all while other kinds of income are only partially taxed. You can save thousands of dollars in taxes each year by having non-taxable income compared to taxable income. The IRS has provided a list of incomes that are not taxed.

Included in the list of non-taxable income is adoption expense reimbursements, cash rebates for manufacturers, child support that you received, welfare, gifts, inheritance, compensatory damage awards, workers compensation, and meals and lodging reimbursed by your employer.

Examples … Read more at 2010 Tax.

Income That is Not Taxed!

While preparing your taxes this year you might notice that some forms of income are not taxed at all while other kinds of income are only partially taxed. You can save thousands of dollars in taxes each year by having non-taxable income compared to taxable income. The IRS has provided a list of incomes that are not taxed.

Included in the list of non-taxable income is adoption expense reimbursements, cash rebates for manufacturers, child support that you received, welfare, gifts, inheritance, compensatory damage awards, workers compensation, and meals and lodging reimbursed by your employer.

Examples of income that is partially taxed or taxed based on the circumstances are life insurance, college scholarships, college grants, and non-cash income. Non-cash items are taxable to the fair market value of the items exchanged in a barter situation. Sometimes income tax is avoided through the exchange of items instead of paying for services, but this is not a legal form of non-taxable income.

For more examples of income that is not taxable, take a look at IRS Publication 525 on the IRS website.

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