All business owners should have two types of disability coverage: individual coverage to protect their personal income, and Business Overhead Expense
(BOE) insurance which can help by paying a portion of overhead expenses
, such as the owner's salary, in the event of a business owner's disability.
The Business Overhead Expense
plan will reimburse you for covered overhead expenses
in the event you suffer a total or partial disability.
An overhead expense
insurance policy helps keep the doors open to the business when the owner becomes disabled," said Kevin Farley, vice president of individual disability for the Principal Financial Group.
In November 2007, ABX Air and DHL agreed to arbitrate provisions of their ACMI and Hub Services agreements that cover the allocation of ABX Air's overhead expenses
between DHL and its third-party operations.
Further, the review identified increases in overhead expenses
for the period that were unjustified by sales or operations, it said.
On audit, the IRS challenged the deductibility of two types of expenses--employee salaries and overhead expenses
(such as rent, utilities and printing) It argued that the corporation incurred these expenses in connection with the acquisition of separate assets.
At the same time, the Tax Court determined that the company's overhead expenses
(utilities, rent, telephone and computer charges, etc.
Another nearly $300,000 has gone to fund raising and overhead expenses
, Roe said.
Yet, the purse strings on your promotions budget are tight - you can't afford the hefty retainer fees and overhead expenses
of traditional public relations firms.
Looking at the three-year trend in overhead expenses
(the "general & administrative" cost category), it's clear that cost control has become a new hot button for the software industry as a whole.
0% of rental revenues for management and overhead expenses
and before normalized capital expenditures of approximately $525 per unit annually.
The court did not require the taxpayer to capitalize any portion of the overhead expenses
related to either group of contracts.