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The loan-to-cost ratio, also known as LTC, is a calculation that’s used to evaluate the costs of a commercial real estate project. It is calculated by taking the loan amount of a commercial mortgage and dividing it by the property’s total project costs. It is

Special event insurance is primarily a liability insurance policy for a business, vendor, or individual hosting an event. The policy provides coverage for injuries and damaged property, with additional options like weather cancellation. Unlike other policies, special event insurance is a policy with one payment,

A termination letter is a formal document that notifies an employee of a company's decision to terminate their employment and/or eliminate their position. It is also used as an official business record containing the details of the termination and generally includes the date and reason

A virtual terminal lets merchants manually key in customer credit card information when they receive payment requests via phone, email, instant message, or mail. It can be accessed from any browser and requires no special equipment. The best virtual terminals can securely accept multiple payment methods,

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