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Your Ultimate Glossary Guide
Refer to a series of tax forms issued by the Internal Revenue Service that are used to report various types of income received by individuals who are not employees of a company.
1099 - NEC Filings
1099-NEC filings refer to the specific form used to report non-employee compensation. Form 1099-NEC must be filed by businesses that pay at least $600 in non-employee compensation to an individual or business in the course of their trade or business during a tax year.
Delaware Franchise Tax Filings
Delaware Franchise Tax Filings refer to the annual tax filings that all Delaware corporations, LLCs, LPs, and other business entities incorporated in the state of Delaware must submit to the Delaware Division of Corporations. The franchise tax is a fee that is imposed on these businesses for the privilege of doing business in the state of Delaware.
State Corporate Income Tax Filings
State corporate income tax filings refer to the tax returns that corporations must file with the state where they are incorporated or where they conduct business.
Foreign Subsidiaries 5471
Form 5471 is a tax form used to report information about certain foreign corporations to the Internal Revenue Service (IRS). Specifically, Form 5471 is used by U.S. taxpayers who own interests in foreign corporations that meet certain ownership and control requirements.
Sarbanes-Oxley Section 404 (SOX)
Sarbanes-Oxley Section 404 (SOX) is a provision of the Sarbanes-Oxley Act of 2002, a federal law enacted in response to a series of corporate accounting scandals in the early 2000s. Section 404 requires public companies to establish and maintain an adequate system of internal controls over financial reporting (ICFR).
Cash flow projections are financial forecasts that estimate the cash inflows and outflows of a business over a future period of time. Cash flow projections are an essential tool for businesses to manage their finances, plan for the future, and make informed decisions about investments and spending.
Unit Economic Assessment
Unit economics assessment is a financial analysis that examines the profitability of a business model at a granular level, specifically looking at the cost and revenue per unit of product or service sold.
Business Performance Matrix
Business performance matrix is a visual tool used to provide a comprehensive view of the business's performance, highlighting areas of strength and weakness, and identifying opportunities for improvement. The matrix typically consists of a grid or table that displays key performance indicators (KPIs).
Key Performance Indicator (KPI)
A Key Performance Indicator (KPI) is a measurable value that helps businesses track and evaluate their progress towards specific goals or objectives. KPIs are used to monitor performance and to make data-driven decisions to improve the overall performance of a business.
Financial forecasting is the process of using historical financial data and current trends to estimate future financial outcomes for a business or organization. The purpose of financial forecasting is to help businesses plan for the future, make informed decisions, and allocate resources effectively.
Runway analysis is a financial planning tool used by businesses and startups to determine the length of time they can operate before running out of cash. The analysis helps businesses project their future cash flow and determine the amount of cash they need to raise to sustain their operations for a certain period of time, also known as their "runway."
Objectives and Key Results (OKR)
It is a goal-setting framework used by businesses to set and achieve measurable objectives.
M&A Due Diligence (Merger and Acquisition)
M&A due diligence (mergers and acquisitions due diligence) is the process of evaluating the financial, legal, and operational aspects of a company that is being considered for acquisition or merger. The purpose of due diligence is to assess the risks and benefits associated with the transaction and to identify any potential issues that may impact the value of the target company.
Profitability analysis is a process of evaluating the profitability of a company, product, or business unit. The objective of profitability analysis is to determine the profitability of a particular product, market, or business unit and to identify opportunities for improving profitability.
SWOT analysis is a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats of a business or project. The purpose of a SWOT analysis is to identify and analyze the internal and external factors that can affect the success of a business or project.
Vendor Analysis & Negotiation
Vendor analysis and negotiation refer to the process of evaluating and selecting vendors and negotiating contracts or agreements with them to obtain the best possible value for an organization.
Operational benchmarking is the process of comparing an organization's performance metrics against those of similar organizations to identify areas for improvement and establish best practices.
Budget vs. Actuals (BvAs)
Budget vs. actuals (BvAs) is a financial reporting tool used by organizations to compare and analyze the actual financial results of a period with the budgeted or planned amounts for that same period. It is a method for assessing how closely the actual results align with the projected or expected results.
Business valuation is the process of estimating the economic value of a business or company. It involves analyzing various factors that may influence the value of a business, such as its financial statements, assets, liabilities, revenue, cash flow, market trends, competition, management team, and growth potential.
Scenario analysis is a method of evaluating the potential outcomes of different hypothetical scenarios or events by considering various possible factors and their interrelationships. It involves evaluating the impact of each scenario on the organization's key performance indicators (KPIs)
Human Resource Information System (HRIS)
It is a software system that helps organizations manage and automate their HR-related tasks and processes.
An employee handbook, also known as an employee manual or staff handbook, is a document that outlines an organization's policies, procedures, and guidelines for its employees. It serves as a reference guide that employees can refer to for information on their rights and responsibilities, as well as the expectations and standards of behavior that the organization expects from its employees.
Employee onboarding is the process of integrating new employees into an organization and providing them with the necessary tools, resources, and information to be successful in their new role.
Employee offboarding is a process of separating an employee from an organization at the end of their employment, whether through resignation, termination, retirement, or any other reason.