Safety in numbers: focus on safety programs for cost-saving opportunities

Article Abstract:

The implementation of sound safety programs can lead to greatly reduced direct and indirect accident costs for companies. Reduced accident costs will mean lower insurance premiums on workers' compensation. Management accountants play a critical role in these safety programs since they are responsible for making the necessary recommendations regarding safety costs. These recommendations will assist in the design and development of an effective safety improvement program. The safety program should have provisions for the fining of safety violations even prior to that prescribed by the Occupational Safety and Health Administration. The safety program should also hold foremen accountable, and maintain the visibility of accident costs to all supervisors. Accident cost accounting, self-insurance, or partial self-insurance are some of the options available to companies.

Management, Economic aspects, Employee safety education

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Nexus: this tax concept can cost your firm big bucks

Article Abstract:

With appropriate tax planning, companies can avoid establishing a nexus that could bind them to paying needlessly burdensome state taxes. A nexus, in the terminology of interstate taxation, is a legal connection that links a business with a state, thereby making it possible for the state to impose taxation on the business. Nexus rules are specified by a statute, known as Public Law 86-272, that was enacted by Congress in 1959.

Finance, taxation, & monetary policy, Taxation, Interstate commerce, United States. Congress, Tax policy

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