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Bonus depreciation is a form of accelerated depreciation that offers an immediate tax deduction, speeds up tax savings, and makes an asset that you placed in service more affordable.

Retail store inventory management is about stocking products buyers want, pricing and promoting to sell those products at a profit, and maintaining stock levels that meet demand without over-purchasing. As a retailer, you know that your merchandise is the crux of your business, so creating

Processing payroll and calculating Mississippi payroll taxes is a straightforward process—the basic process follows the same as with any state. Mississippi does not have local taxes and only has one state payroll form. It’s one of the easiest states in which to run your company’s

Debt-to-income (DTI) ratio is a measure of your monthly debt obligations in relation to your monthly income. It’s calculated by taking the total dollar amount of your monthly debt payments, and then dividing it by your gross monthly income. Lenders often evaluate your DTI ratio to

New Jersey (NJ) charges state income taxes on all wages. You need to withhold taxes and unemployment insurance quarterly for each employee. In addition, the minimum wage is currently $15.13 per hour and is set to increase each year based on the Consumer Price Index

A clocking in and out policy sets guidelines for accurately recording employee work hours, ensuring legal compliance, and properly monitoring employee performance and safety. Your clocking in and out policy template should identify eligible employees, explain timekeeping practices, indicate timesheet approvals, mention enforcement and disciplinary

Federal labor laws and related state labor laws affect all businesses with employees—even more so for companies with at least 50 workers. They govern workforce practices and areas such as overtime, minimum wage, on-call pay, employee breaks, sick leave, hiring minors, and employment discrimination. Labor

A professional voicemail greeting is crucial for small businesses because it sets the tone for interactions and the overall customer journey. An effective greeting should include five essential elements: a warm welcome, your company name or personal name, a prompt to explain the reason for

A fixed asset roll forward is an accounting process used to track changes in the fixed assets and accumulated depreciation accounts from the beginning to end of the year. It shows all fixed asset acquisitions, fixed asset disposals, and depreciation for the year, thus reconciling

Ohio is one of the easiest states for employers because it has so few rules on payroll, time off, and breaks. However, pay close attention to income tax calculations, as Ohio’s income taxes include school district income taxes. Below, we cover the basics of how

Handling Nevada payroll follows the same process as in any state—though there are some particular regulations to take note of. It does not have a state income tax, and its overall reporting requirements are easy to follow. It does not require state disability insurance but

An auto-attendant script is a prerecorded message a virtual receptionist plays when a call comes through the phone system. Companies use scripts to greet callers, provide company information, dictate menu options, and guide callers through a phone system. A well-crafted script helps businesses establish a