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Tip of the Day Re-check Your Withholding Every Year

Re-check Your Withholding Every Year - Life has a funny way of changing, but missing golden opportunities for tax savings doesn't make us neglectful, it makes us silly. ...

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Variable Committed Expense

Variable Committed Expense - Variable committed expenses can happen from time to time, more than the usual or standard costs, even recurring occasionally. They can be temporary and/or periodic, for a short term, ever-so-often, higher, lower, fluctuating, but ever-present. Allowances for this flexibility and incidence is important in budgeting to off-set these occurrences. Necessary expense, higher and lower at times, can not be avoided, but their impacts minimized effectively. Anticipation, cutting cost, avoiding waste are countermeasures to off-set these impacts.  Downtime, maintenance are part of the budgeted costs of running/operating a business, projected cost in budgets. Parts and labor for example, how often equipment (will), break-downs occur, can be budgeted for, but not precisely predicted.  Having reserves and contingencies built-in holds the key to successfully dealing with these realities and challenges. Actions taken will center around minimizing escalation and upswings of these committed expenses, to ensure business continuity and functioning at all times. Planning, budgeting and resource management can go along way to address these challenges.

 

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Definition of the Day Dummy CUSIP

Dummy CUSIP - a dummy CUSIP is a number issued to a stock by the company before an official number is assigned. A CUSIP which is short for Committee on Uniform Securities, and Identification Procedures. Contains nine numbers that are unique from any other number, which identifies each and every...

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