Learning how to do payroll in North Carolina (NC) is pretty straightforward. It simply follows general federal guidelines, requiring you to secure a Federal Employee Identification Number and a NC Withholding Identification Number, as well as register for unemployment tax. While that may be the case, there are some regulations to note—and by using our…
How To
How to Do Payroll in Massachusetts: Small Business Guide
Massachusetts has a lot of legislation regarding employee rights, so there are a few things to keep an eye out for. Some major differences include more stringent final pay laws, Massachusetts Blue Laws (restrictions on business openings on Sundays and holidays), a state Paid Family Medical Leave (PFML) program, and a higher minimum wage. Running…
Hiring Employees in India vs Contractors: Small Business Guide
Hiring workers in India gives you a much wider pool of high-quality talent that can help fill your business’ information technology and other staffing needs. The first thing to consider when hiring from India would be whether to hire a local employee or an independent contractor. For small businesses looking to hire only a few…
How to Do Payroll in Mississippi: A Guide for Small Businesses
Processing payroll and calculating Mississippi payroll taxes is a straightforward process. 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 payroll. Step-by-Step Guide to Running Payroll in Mississippi Mississippi (MS) makes payroll easy for businesses by generally following federal…
How to Calculate Call Abandonment Rate in 4 Steps (+ Calculator)
Call abandonment rate is the percentage of incoming calls terminated before a customer speaks to a live customer service representative. A high abandonment rate indicates that callers may be waiting too long in the call queue, experiencing connection problems, or not getting the information they need from the interactive voice response (IVR) system. In this…
How to Get a Vanity Phone Number: A Small Business Guide
Vanity numbers deliver an easy way for your business to stay in the minds of your customers. These numbers provide a memorable number incorporating an alphanumeric combination of letters and numbers to form words or phrases. For a small business, learning how to get a vanity phone number is a smart way to build your…
How to Do Payroll in New Jersey: A Guide for Small Businesses
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 creeping toward $15 per hour. Read on to learn how to do payroll in New Jersey, as well as the specific regulations you’ll need to know to…
Fixed vs Variable Costs: Determining Your Contribution Margin
Fixed and variable costs are categories of costs based on activity level. Fixed costs are expenses that don’t change regardless of changes in activity level, whereas variable costs respond directly to activity level changes. Distinguishing between fixed vs variable costs help in determining your business’s contribution margin (CM). Fixed vs Variable Cost Examples The list…