I’ll walk you through how to calculate units of production depreciation. First, you divide the asset’s cost basis―less any salvage value―by the total number of units the asset is expected to produce over its estimated useful life to get the depreciation rate. Then, you multiply this rate by the total number of units produced for…
How To
How to Do Payroll in Minnesota: An Employer’s Guide
Learning how to do payroll in Minnesota can be a bit challenging. Minnesota payroll tax withholdings are complex, with special taxes for entertainers, a different rate for supplemental pay, and more. It also varies rates according to the portion of salary for which you’re calculating taxes, with part of a salary (the first $30,000+ for…
How to Pick a Website Color Scheme in 4 Steps [+ Examples]
When building your business website, the right color scheme or palette enhances legibility, appeal, user experience, and brand recognition. Picking the right color scheme is not just an aesthetic choice. It’s a method that requires strategic thinking around understanding color theory and psychology, integrating your brand identity colors, and possibly leveraging color palette tools. In…
How to Do Payroll in Montana: An Employer’s Guide
Doing payroll in Montana isn’t overly complicated, but it does require you to be on top of state income tax rates. Payroll laws align with federal laws, for the most part, so you won’t have to comply with conflicting rules. We cover how to do payroll in Montana, along with the most important HR laws…
How to Create a Professional Email Address in 4 Steps
Remember when email was new and you had the most fun thinking up creative and unique email addresses? Those were fun times. But if you’re in the business world, your emails must be professional and polished (not many people will open a sales pitch from [email protected]). But don’t worry: Learning how to create a professional…
How to Do Payroll in West Virginia: An Employer’s Guide
Learning how to do payroll in West Virginia can be challenging, partly because West Virginia’s payroll taxes include a progressive income tax withholding requirement for your workers. Plus, some jurisdictions collect local income tax. This means that part of handling the state’s withholding requires each employee to complete a state tax withholding form. Step-by-Step Guide…
How to Do Payroll in Illinois: An Employer’s Guide
Illinois has state income taxes, with reciprocity agreements with nearby states to let employees pay income taxes for the state they reside in. The wage and labor laws closely follow federal regulations. We’ll cover how to do payroll in Illinois, with explanations of the most important taxes and labor laws that affect payroll. Step-by-Step Guide…
How To Increase Your Credit Limit With U.S. Bank
Editorial and Partnership Disclosure U.S. Bank occasionally provides automatic credit limit increases for eligible customers. However, if you don’t receive an automatic increase, you can easily apply online, call U.S. Bank’s customer service, or visit a nearby branch to request one. To improve your chances of approval, it’s helpful to maintain a strong credit score,…