This section, which covers business deductions for travel, gifts, and a list of
business property items including cell phones, imposes stringent requirements for claiming deductions on items that could be used for both personal and business reasons.
Not exact matches
If you purchase tangible personal
property during your first year in
business, you will list those
items when you file your
business personal -
property tax form the following year.
Replacement Cost policies have higher premiums; however, they can help your
business recover from a loss faster, since you can replace all of the lost or damaged
property with new
items.
We exclude gain or loss on the sale of
property and equipment, and impairment of intangible assets from Adjusted EBITDA because we do not believe that these
items are reflective of our ongoing
business operations.
Due to the high costs of purchasing equipment and
property, many
businesses enter lease contracts to rent these
items and use them in daily operations.
Asset management is a process of monitoring and maintaining assets (i.e. a useful or valuable
item of
property) of a company or
business.
Such statements reflect the current views of Barnes & Noble with respect to future events, the outcome of which is subject to certain risks, including, among others, the general economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low growth or declining sales and net income due to various factors, possible disruptions in Barnes & Noble's computer systems, telephone systems or supply chain, possible risks associated with data privacy, information security and intellectual
property, possible work stoppages or increases in labor costs, possible increases in shipping rates or interruptions in shipping service, effects of competition, possible risks that inventory in channels of distribution may be larger than able to be sold, possible risks associated with changes in the strategic direction of the device
business, including possible reduction in sales of content, accessories and other merchandise and other adverse financial impacts, possible risk that component parts will be rendered obsolete or otherwise not be able to be effectively utilized in devices to be sold, possible risk that financial and operational forecasts and projections are not achieved, possible risk that returns from consumers or channels of distribution may be greater than estimated, the risk that digital sales growth is less than expectations and the risk that it does not exceed the rate of investment spend, higher - than - anticipated store closing or relocation costs, higher interest rates, the performance of Barnes & Noble's online, digital and other initiatives, the success of Barnes & Noble's strategic investments, unanticipated increases in merchandise, component or occupancy costs, unanticipated adverse litigation results or effects, product and component shortages, the potential adverse impact on the Company's
businesses resulting from the Company's prior reviews of strategic alternatives and the potential separation of the Company's
businesses, the risk that the transactions with Microsoft and Pearson do not achieve the expected benefits for the parties or impose costs on the Company in excess of what the Company anticipates, including the risk that NOOK Media's applications are not commercially successful or that the expected distribution of those applications is not achieved, risks associated with the international expansion contemplated by the relationship with Microsoft, including that it is not successful or is delayed, the risk that NOOK Media is not able to perform its obligations under the Microsoft and Pearson commercial agreements and the consequences thereof, risks associated with the restatement contained in, the delayed filing of, and the material weakness in internal controls described in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, risks associated with the SEC investigation disclosed in the quarterly report on Form 10 - Q for the fiscal quarter ended October 26, 2013, risks associated with the ongoing efforts to rationalize the NOOK
business and the expected costs and benefits of such efforts and associated risks and other factors which may be outside of Barnes & Noble's control, including those factors discussed in detail in
Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, and in Barnes & Noble's other filings made hereafter from time to time with the SEC.
Such statements reflect the current views of Barnes & Noble with respect to future events, the outcome of which is subject to certain risks, including, among others, the effect of the proposed separation of NOOK Media, the general economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low growth or declining sales and net income due to various factors, possible disruptions in Barnes & Noble's computer systems, telephone systems or supply chain, possible risks associated with data privacy, information security and intellectual
property, possible work stoppages or increases in labor costs, possible increases in shipping rates or interruptions in shipping service, effects of competition, possible risks that inventory in channels of distribution may be larger than able to be sold, possible risks associated with changes in the strategic direction of the device
business, including possible reduction in sales of content, accessories and other merchandise and other adverse financial impacts, possible risk that component parts will be rendered obsolete or otherwise not be able to be effectively utilized in devices to be sold, possible risk that financial and operational forecasts and projections are not achieved, possible risk that returns from consumers or channels of distribution may be greater than estimated, the risk that digital sales growth is less than expectations and the risk that it does not exceed the rate of investment spend, higher - than - anticipated store closing or relocation costs, higher interest rates, the performance of Barnes & Noble's online, digital and other initiatives, the success of Barnes & Noble's strategic investments, unanticipated increases in merchandise, component or occupancy costs, unanticipated adverse litigation results or effects, product and component shortages, risks associated with the commercial agreement with Samsung, the potential adverse impact on the Company's
businesses resulting from the Company's prior reviews of strategic alternatives and the potential separation of the Company's
businesses (including with respect to the timing of the completion thereof), the risk that the transactions with Pearson and Samsung do not achieve the expected benefits for the parties or impose costs on the Company in excess of what the Company anticipates, including the risk that NOOK Media's applications are not commercially successful or that the expected distribution of those applications is not achieved, risks associated with the international expansion previously undertaken, including any risks associated with a reduction of international operations following termination of the Microsoft commercial agreement, the risk that NOOK Media is not able to perform its obligations under the Pearson and Samsung commercial agreements and the consequences thereof, the risks associated with the termination of Microsoft commercial agreement, including potential customer losses, risks associated with the restatement contained in, the delayed filing of, and the material weakness in internal controls described in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, risks associated with the SEC investigation disclosed in the quarterly report on Form 10 - Q for the fiscal quarter ended October 26, 2013, risks associated with the ongoing efforts to rationalize the NOOK
business and the expected costs and benefits of such efforts and associated risks and other factors which may be outside of Barnes & Noble's control, including those factors discussed in detail in
Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended May 3, 2014, and in Barnes & Noble's other filings made hereafter from time to time with the SEC.
Such statements reflect the current views of Barnes & Noble with respect to future events, the outcome of which is subject to certain risks, including, among others, the general economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low growth or declining sales and net income due to various factors, including store closings, higher - than - anticipated or increasing costs, including with respect to store closings, relocation, occupancy (including in connection with lease renewals) and labor costs, the effects of competition, the risk of insufficient access to financing to implement future
business initiatives, risks associated with data privacy and information security, risks associated with Barnes & Noble's supply chain, including possible delays and disruptions and increases in shipping rates, various risks associated with the digital
business, including the possible loss of customers, declines in digital content sales, risks and costs associated with ongoing efforts to rationalize the digital
business and the digital
business not being able to perform its obligations under the Samsung commercial agreement and the consequences thereof, the risk that financial and operational forecasts and projections are not achieved, the performance of Barnes & Noble's initiatives including but not limited to its new store concept and e-commerce initiatives, unanticipated adverse litigation results or effects, potential infringement of Barnes & Noble's intellectual
property by third parties or by Barnes & Noble of the intellectual
property of third parties, and other factors, including those factors discussed in detail in
Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 30, 2016, and in Barnes & Noble's other filings made hereafter from time to time with the SEC.
Items that are owned and used by your
business are considered
business personal
property.
Asset An
item of value, such as a family's home,
business, and farm equity, real estate, stocks, bonds, mutual funds, cash, certificates of deposit (CDs), bank accounts, trust funds and other
property and investments.
If a fire happens, your personal
property coverage kicks in to make sure you can replace the lost
items and get back to the
business of living.
The
property side of a policy insures physical
items, such as homes, commercial buildings, motor vehicles, and personal possessions or
business inventory.
The amount paid for some of the
items, such as overseeing rental
property transactions, was considered a
business expense, but the housekeeping didn't «count.»
These
items are not sold as part of the company's core
business, and generally include any
property owned by the company that is outside of the products produced for sale.
Another
item you should check off your list before launching your
business is to ensure that your intellectual
property is protected.
Assets include: real estate, household
items, cars, antiques, art, jewellery, bank accounts, RRSP, RESP, investments, stocks, pensions, life insurance,
businesses, intellectual
property, and even pets.
Keeping an updated inventory of
items in your warehouse or store and updating your policy is essential for your
business property insurance coverage.
The key
items insured in
business property insurance include your building, office equipment, inventory and outdoor
items on the premises.
Under this type of Homeowners policies for renters you can confront
property limitations on certain
items, such as jewelry, silverware, gold, money, securities, and
business property.
An at - home
business endorsement is similar to a scheduled
property endorsement in that it provides additional coverage for certain
items — in this case,
business - related
items.
Business personal property insurance can help you repair or replace covered business items, such as computers, tools and in
Business personal
property insurance can help you repair or replace covered
business items, such as computers, tools and in
business items, such as computers, tools and inventory.
Additional Exclusions for Baggage and Personal Effects: animals; automobiles and automobile equipment; boats or other vehicles or conveyances; trailers; motors; aircraft; bicycles, except when checked as baggage with a Common Carrier; household effects and furnishings; antiques and collectors
items; sunglasses, contact lenses, artificial teeth, dentures, dental bridges, retainers, or hearing aids; artificial limbs or other prosthetic devices; prescribed medications; keys, money, stamps and credit cards (except as otherwise specifically covered herein); securities, stamps, tickets and documents (except as coverage is otherwise specifically provided herein); professional or occupational equipment or
property, whether or not electronic
business equipment; or telephones or PDA devices, computer hardware or software;
The essential
items to insure in a
business property insurance plan include your building, office equipment, inventory and outdoor
items on the premises.
Some
businesses try to avoid being liable for their customers»
property by having them sign liability waivers on condition of assuming possession of the
item or
items.
Business personal
property insurance can help when covered
items such as furniture is lost to vandalism or theft.
Other liability insurance policies may cover the
business if the
item is damaged due to the owner or employee's negligence, but any other event, such as fire, extreme weather or burglary, are exempted from general liability,
property and even warehouse insurance policies.
Even if you have elected to insure your
business personal
property on a replacement cost basis, any loss involving works of art will be determined based on the actual cash value of the damaged
item.
These pieces of
property include such
items as recreational vehicles and
property that may be used for
business purposes.
Items that are owned and used by your
business are considered
business personal
property.
It's imperative to also monitor your amount of
property protection for
items within the
business premises, and to cover what you can't afford to lose.
You may also need coverage to protect against hurricanes and earthquakes, as well as insurance for your home
business, and expensive personal
property, such as collectible
items and art pieces.
If you experience a
property loss while traveling on
business or while visiting relatives, you can file a claim and receive compensation to help you replace the lost
item in question.
It assures the understanding of the person who have received the company
properties with regard to the use of the
items for
business operation purposes and not for individual advantage.
Assets may include real estate, bank accounts, vacation pay, stock options,
businesses and
business interests, and tangible personal
property, such as automotive vehicles, collector's
items, and pets.
Consider which spouse will take control of your real
property, household
items, vehicles and
business holdings.
Spouses will need to bring current statements of all marital assets and debts, as well as copies of tax returns for the previous three years, paystubs, W - 2's, any appraisals of
properties or
businesses, as well as other specific
items.
The
business enterprise component of value generally reflects a
property's operations, intangible
items such as big data systems, management teams and staff, services offered, and importantly, reputation; as well as quantifiable, tangible and depreciable
items, such as furniture and equipment.
The next
item of
business is to get the
property sold as well.
With higher levels of rent, tenants that generally prefer not to move and fewer internal
items to break at each
property, commercial and
business space can be a great way to profit.