Our free MACRS depreciation calculator will provide your deduction for each year of the asset’s life. We also include the MACRS depreciation tables from the IRS and an explanation of how to use them to calculate modified accelerated cost recovery system (MACRS) depreciation by hand. Recording depreciation on your books is an important bookkeeping task…
Our equipment lease calculator allows you to estimate the costs of a potential equipment lease. You can calculate costs using the three most common lease types: fair market value, 10% buyout, and $1 buyout. Our calculator will show you the residual value, estimated monthly lease payments, the total cost of the lease, and the total…
In retail, your margin and markup are two of the most important metrics for measuring your profit and understanding your pricing. Your margin refers to your business’s net revenue minus the cost of goods sold (COGS), while your markup is the difference between the selling cost and wholesale or production cost of your merchandise. Our…
Our Small Business Administration (SBA) loan calculator is designed for SBA 7(a) and SBA Express Loans. Upon inputting the loan term, desired loan amount, expected interest rate, and annual net operating income, the calculator will generate an estimated monthly payment and a projected amortization schedule. SBA Loan Payment Calculator Inputs When using our SBA loan…
Real estate investors use the capitalization rate, or cap rate, to determine whether a potential investment property shows enough potential return on investment (ROI) to make it a worthwhile purchase. It’s based on annual returns, so if a property performed well or poorly for one year, this would be reflected in its calculation. The cap…
A merchant cash advance (MCA) is a lump-sum payment received in exchange for a fixed percentage of daily credit card receipts. It’s an expensive form of credit and should only be used by businesses that cannot qualify for other types of business funding. In addition, the costs associated with MCAs can be confusing and aren’t…
Dimensional weight—also called DIM weight—is a formula shipping companies use to determine shipping rates based on a parcel’s volume. It can result in large, lightweight parcels costing more to ship than small, heavy parcels. Use the calculator below to determine the DIM weight of any parcel by entering the outside dimensions of the package. For…
Check out our free overtime calculator, plus everything you need to know about who is eligible for overtime and what laws impact overtime payments.
When learning how to calculate overtime for your employees, you have to take into account exceptions and considerations such as federal and state overtime pay laws. Since there is no limit on the number of hours employees who are 16 or older can work in a workweek, you must determine whether you have to pay…
