Bribery
Bribery in business refers to offering, giving, or receiving something of value to influence the actions of an individual or organization unfairly. It’s illegal and unethical, leading to legal consequences, damage to reputation, and financial penalties. Proper internal controls and ethical standards are essential to avoid bribery in financial transactions.
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Business Valuation
The process of determining the economic value of a business, used in sales, mergers, or fundraising.
Breakage
Revenue recognized from unredeemed gift cards, vouchers, or prepaid credits that customers never use.
BAS Agent
A professional registered with the Tax Practitioners Board authorized to prepare and lodge BAS on behalf of businesses.
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