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Gifts For Employees Are Tax Deductible

Give your employees gifts instead of cash bonuses. As of the 2001 tax year, gifts to employees are tax deductible, unlike cash.

Both you and your employee will benefit tax-wise; employers can deduct the total cost of the gift from their taxes, and employees don't have to declare the cost of the gift as part of their taxable income.

There are certain restrictions for these tax deductions, however. First, you need to be careful what you give as an employer. Items such as gift certificates or stocks that are easily converted into cash will be considered as taxable employee benefits by the Canada Revenue Agency.

Second, you need to keep close track of the cost limits when you're choosing gifts for employees. While you may give an employee two non-cash gifts or two non-cash awards per year, the total cost of the gifts or employee awards, (including taxes), must not exceed $500 per year.

If it is, the employer would have to include the fair-market value of one or more of the gifts in the employee's income, which would certainly ruin everyone's gift giving and receiving spirit.

You might also want to note that the Canada Revenue Agency intends the gifts or awards to be for particular purposes. In this CRA fact sheet on "Policy for Gifts and Awards", it's clear that the two non-cash gifts allowed per year are intended to mark special occasions, such as birthdays or Christmas, while the two non-cash employee awards allowed per year are described as honoring employee achievements. My advice is to include your reason for gifting the employee in your records, just in case.

However, a tax break is a tax break, and as long as you stay within the restrictions, this policy could make calculating those T4 slips a little easier and provide a nice tax deduction for your business.

Business software for supply chain management


Your inventory is your most valuable asset and ManageMore's Inventory control gives you the flexibility you need to deal with outgoing orders, incoming stock, backorders, returns, or dead stock among one or many warehouses and store locations. You can build kits from an unlimited number of parts and even control your own internal inventory stock supplies separate from what you sell. Every day brings challenges, and each day’s challenges are different. How do you keep track of it all? How do you make sure your customers get what they want, when they want it? How do you manage inventories in a variety of locations? It takes flexibility.

ManageMore's Inventory control software gives you this flexibility and puts the power in your hands to control your asset. From the initial setup of inventory templates to the creation of multiple pricing methods, ManageMore's Inventory control software meets the diverse requirements of a wide variety of industries. Because you can pattern this system around your business rules, it puts you in control of your inventory needs. You will easily be able to meet and exceed your customers’ expectations and maximize your company’s net profits.

Business software for accounting and finance


Accounts receivable represent sales that have not yet been collected as cash. Receivables constitute the primary source for the funds that are needed to run most commercial enterprises today. You sell your merchandise or services in exchange for a customer's promise to pay you at a certain time in the future. If your business commonly extends credit to its customers, then the payment of accounts receivable is likely to be a large factor of your cash inflows. In the worst case scenario, unpaid accounts receivable will leave your business without the necessary cash to pay its own bills. More commonly, late-paying or slow-paying customers will create cash shortages, leaving your business without the cash necessary to cover its own cash outflow obligations.

Business management Software’s.


1. Service management pro
2. Accounting and finance
3. Supply chain management
4. CRM
5. Point for sale
6. E-commerce
7. Adds – On’s

Many businesses are not taking advantage of available technologies that integrate with the internet. We have worked with several companies to make them better use of the internet and computer networks to streamline their businesses and reduce the stress on their employees by automating their old business processes.

Dotsquares provides a range of Business Process Automation operations services to the corporate houses, travel companies, estate agents, solicitors, auction websites etc etc. Please feel free to view the portfolio to see some of the examples. Dotsquares has analysed, designed, developed and maintained applications which are open, flexible, and platform independent.

Our Business Process Automation Operations Services include Process Mapping, Modelling and Optimization, Methods & Procedures Definition and Development, Training Requirements Identification and Development, Work Center Planning and Design, Operations Planning, Performance Metrics, Cost Analysis and Considerations etc.

Dotsquares provides a full range of Business Automation Software Process re-engineering and Quality Management services to the companys. These services translate to an integrated "Information Technology (IT) Management System" for designing, developing, operating and continuously improving Business Automation Software Development capability.

Business with service management pro


Service Desktop Pro is an integrated business management software for small and medium businesses. It is a useful tool for freelancers, software developers, web developers, graphic designers, consultants and various other small and medium business managers.
Small and medium businesses have always wanted an all-in-one small business software for their business management functions. SD Pro is ideal as a small business software for managing several types of small businesses who need to manage their business in an efficient manner by quick access to business information when required.

Leadership Training Courses Online


Welcome to Leadership Training Courses Online Website. This website provides a library of best leadership resources and tools for senior managers and executives. Leadership website provides a list of top international training courses offered via various delivery methods, including online distance learning, accelerated workshops, experiential courses, corporate action learning, and self-study courses. It also provides leadership learning resources, expert advice, and insights.

Leadership Training Courses
This website provides guide to standardized leadership training courses topics and to most popular leadership training courses in leading industrial countries, the courses includes the following key topics: Leadership, leadership measurements and metrics, international leadership leadership and organization culture, strategic planning, management certification, policies and procedures, leadership training, balanced scorecard (BSC) for leadership, Leadership best practices, strategic plan implementation, and operations control and alignment.

Leadership Training Courses Online


Welcome to Leadership Training Courses Online Website. This website provides a library of best leadership resources and tools for senior managers and executives. Leadership website provides a list of top international training courses offered via various delivery methods, including online distance learning, accelerated workshops, experiential courses, corporate action learning, and self-study courses. It also provides leadership learning resources, expert advice, and insights.

Leadership Training Courses
This website provides guide to standardized leadership training courses topics and to most popular leadership training courses in leading industrial countries, the courses includes the following key topics: Leadership, leadership measurements and metrics, international leadership leadership and organization culture, strategic planning, management certification, policies and procedures, leadership training, balanced scorecard (BSC) for leadership, Leadership best practices, strategic plan implementation, and operations control and alignment.

Accounting Training Courses Online


Welcome to Accounting & Control Management Training Courses Online Website. This website provides a library of best accounting resources and tools for senior managers and executives. Accounting website provides a list of top international training courses offered via various delivery methods, including online distance learning, accelerated workshops, experiential courses, corporate action learning, and self-study courses. It also provides accounting learning resources, expert advice, and insights.

Accounting & Control Management Training
This website provides guide to standardized accounting training courses topics and to most popular accounting training courses in leading industrial countries, the courses includes the following key topics: accounting management, accounting measurements and metrics, international accounting accounting and organization culture, strategic planning, management certification, policies and procedures, accounting training, balanced scorecard (BSC) for accounting, accounting management best practices, strategic plan implementation, and operations control and alignment.

Finance Management Training Courses Online


Welcome to Finance Management Training Courses Online Website. This website provides a library of best finance resources and tools for senior managers and executives. Finance website provides a list of top international training courses offered via various delivery methods, including online distance learning, accelerated workshops, experiential courses, corporate action learning, and self-study courses. It also provides finance learning resources, expert advice, and insights.

Finance Management Training
This website provides guide to standardized finance training courses topics and to most popular finance training courses in leading industrial countries, the courses includes the following key topics: finance management, finance measurements and metrics, international finance finance and organization culture, strategic planning, management certification, policies and procedures, finance training, balanced scorecard (BSC) for finance, finance management best practices, strategic plan implementation, and operations control and alignment.

Marketing Management


Welcome to Marketing Management Training Courses Online Website. This website provides a library of best marketing resources and tools for senior managers and executives. Marketing Management website provides a list of top international training courses offered via various delivery methods, including online distance learning, accelerated workshops, experiential courses, corporate action learning, and self-study courses. It also provides marketing learning resources, expert advice, and insights.

Marketing Management Training
This website provides guide to standardized marketing training courses topics and to most popular marketing training courses in leading industrial countries, the courses includes the following key topics: marketing management, marketing measurements and metrics, international marketing marketing and organization culture, strategic planning, management certification, policies and procedures, marketing training, balanced scorecard (BSC) for marketing, marketing management best practices, strategic plan implementation, and operations control and alignment

Business staregy Module


Welcome to Business Strategy Management Training Courses Online Website. This website provides a library of best business strategy resources and tools for senior managers and executives. Business strategy website provides a list of top international training courses offered via various delivery methods, including online distance learning, accelerated workshops, experiential courses, corporate action learning, and self-study courses. It also provides business strategy learning resources, expert advice, and insights.

Business Strategy Management Training
This website provides guide to standardized business strategy training courses topics and to most popular business strategy training courses in leading industrial countries, the courses includes the following key topics: business strategy management, business strategy measurements and metrics, international business strategy business strategy and organization culture, strategic planning, management certification, policies and procedures, business strategy training, balanced scorecard (BSC) for business strategy, business strategy management best practices, strategic plan implementation, and operations control and alignment.

Business Staregy Module


Welcome to Business Strategy Management Training Courses Online Website. This website provides a library of best business strategy resources and tools for senior managers and executives. Business strategy website provides a list of top international training courses offered via various delivery methods, including online distance learning, accelerated workshops, experiential courses, corporate action learning, and self-study courses. It also provides business strategy learning resources, expert advice, and insights.

Business Strategy Management Training
This website provides guide to standardized business strategy training courses topics and to most popular business strategy training courses in leading industrial countries, the courses includes the following key topics: business strategy management, business strategy measurements and metrics, international business strategy business strategy and organization culture, strategic planning, management certification, policies and procedures, business strategy training, balanced scorecard (BSC) for business strategy, business strategy management best practices, strategic plan implementation, and operations control and alignment.

Human Resource Management


Welcome to Human Resources Management (HRM) Training Courses Online Website. This website provides a library of best HRM resources and tools for senior managers and executives. HRM website provides a list of top international training courses offered via various delivery methods, including online distance learning, accelerated workshops, experiential courses, corporate action learning, and self-study courses. It also provides HRM learning resources, expert advice, and insights.

Human Resources Management Training
This website provide guide standardized HRM training courses topics and to most popular Human Resources Training Courses in leading industrial countries, the includes the following topics: General Human Resource Management, Human Resource Measurements and Metrics, Benefits & Compensation, Labor Relations, Workplace Security, International & Cross Cultural Human Resources, Certification, Policies & Procedures, Document Retention, Workplace Violence, Employee Assessment (MBTI, etc), Employee Orientation, Employee Wellness, HR Interviewing, Training Management, Training for Trainers, Workplace Diversity, HR Strategy; Managing; Motivation; Organizational Behavior; Recruitment; Employee Relations and HRM operations control and alignment.

Process execution


As defined in the abstract of the Web Services Business Process Execution Language OASIS Standard WS-BPEL 2.0, WS-BPEL (or BPEL for short) is a language for specifying business process behavior based on Web Services. Processes in WS-BPEL export and import functionality by using Web Service interfaces exclusively.

Business processes can be described in two ways. Executable business processes model actual behavior of a participant in a business interaction. Abstract business processes are partially specified processes that are not intended to be executed. An Abstract Process may hide some of the required concrete operational details. Abstract Processes serve a descriptive role, with more than one possible use case, including observable behavior and process template. WS-BPEL is meant to be used to model the behavior of both Executable and Abstract Processes.

WS-BPEL provides a language for the specification of Executable and Abstract business processes. By doing so, it extends the Web Services interaction model and enables it to support business transactions. WS-BPEL defines an interoperable integration model that should facilitate the expansion of automated process integration in both the intra-corporate and the business-to-business spaces.

The origins of BPEL can be traced to WSFL and XLANG. It is serialized in XML and aims to enable programming in the large. The concepts of programming in the large and programming in the small distinguish between two aspects of writing the type of long-running asynchronous

Business trade preference


The trade preference processing capabilities of SAP GTS help companies leverage the benefits of trade agreements, such as the North American Free Trade Agreement (NAFTA) and the ones that the European Union (EU) has concluded with other countries and groups of countries. The concept is simple – import duty rates vary depending on what percentage of the product originates in the sending country. In practice, however, trade preference processing can be highly complex and time-consuming – each company must have written declarations from its suppliers as to the composition of the components and subassemblies of their products. The trade preference processing of SAP GTS can help automate this entire process.
Improve reputation with enforcement agencies
Improved transparency and auditability of activities
Increase competitiveness by leveraging trade preference agreements
Increase revenue by selling into new regions while leveraging trade preference regions
Reduce manual effort through standardization and automation of trade compliance processes
Reduce risks of fines and penalties
Strengthen enforcement capabilities to prevent illegal activities
Support strategic sourcing decisions by leveraging trade preference agreements
Business rules or business rulesets describe the operations, definitions and constraints that apply to an organization in achieving its goals. For example a business rule might state that no credit check is to be performed on return customers. Others could define a tenant in terms of solvency or list preferred suppliers and supply schedules. These rules are then used to help the organization to better achieve goals, communicate among principals and agents, communicate between the organization and interested third parties, demonstrate fulfillment of legal obligations, operate more efficiently, automate operations, perform analysis on current practices, etcBusiness rules exist for an organization whether or not they are ever written down, talked about or even part of the organization’s consciousness. However it is a fairly common practice for organizations to gather business rules in at least a very informal manner.

Organizations may choose to proactively describe their business practices in a database of rules. For example, they might hire a consultant to come through the organization to document and consolidate the various standards and methods currently in practice

Processing Management


TPMS or Transaction Processing Management System is online transaction processing superstructure software from ICL (now Fujitsu Computer Services) that runs on their VME mainframe computers. The first versions were released in the mid-1970s and were sold worldwide.
The service runs in at least two Virtual Machines (VMs)
a Control VM (CVM), responsible for connecting, disconnecting terminals and routing messages
one or more Application VMs (AVMs), responsible for all application processing - receiving input messages and returning output messages.
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Future development


Indian National Trade Union Congress (INTUC), has hailed the Budget as a progressive one for common man and workers. In a statement, INTUC has said that the finance minister has taken the concerns of these groups into account.

INTUC spokespeople reiterated that this Budget has been the best one so far when it comes to overall development and economic growth. It is a well-balanced Budget that takes into account all sections of society, they said.

For promoting industrial growth, the FM has announced measures for small scale industries and by removing excise duties, an INTUC statement said while adding that he has paved the way for their future development. Similarly, loan waiver and relief scheme for agricultural loans shows the concern for Indian farmers. This was a much-needed step considering some of the unfortunate incidences that have occurred in the past.

INTUC said that the announcement of 16 new universities, more investment in ITIs, setting up of two schools of planning and architecture and other such measures will go a long way towards upgrading the worker skill level in the country. Further, the announcement of Rs 30,000 insurance for below the poverty line (BPL) family members is a welcome step. Allocation of Rs 38,000 crore for poor people housing is also a much-needed step. The FM also announced that the rest of the amount will be available at 4% interest rates that are much less than the present market rates. This will strengthen the social security net in the country and will assure better standards of living for a number of citizens who need it the most.

Business process Management


Business process management (BPM) is a method of efficiently aligning an organization with the wants and needs of clients. It is a holistic management approach that promotes business effectiveness and efficiency while striving for innovation, flexibility and integration with technology. As organizations strive for attainment of their objectives, BPM attempts to continuously improve processes - the process to define, measure and improve your processes – a ‘process optimization' process.

A business process is a collection of related, structured activities that produce a service or product that meet the needs of a client. These processes are critical to any organization as they generate revenue and often represent a significant proportion of costs.

BPM System (BPMS) is sometimes seen as the whole of BPM. Some see that information moves between enterprise software packages and immediately think of Service Oriented Architecture(SOA); while others believe that modeling is the only way to create the ‘perfect’ process, so they think of modeling as BPM.

Both of these concepts go into the definition of Business Process Management. For instance, the size and complexity of daily tasks often requires the use of technology to model efficiently. Bringing the power of technology to staff is part of the BPM credo. Many thought BPM as the bridge between Information Technology (IT) and Business.

BPMS could be industrial specific and can be driven by a software such as Agilent OpenLAB BPM. Some other products may focus on Enterprise Resource Planning and warehouse management. Validation of BPMS is another technical issue which vendors and users need to be aware of, if regulatory compliances are mandatory [1], [2], [3], [4]. The task could be performed either by an authenticated third party or by user themselves. In either way, validation documentation need to be generated. The validation document usually can either be published.