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…
How To
How to Get a Real Estate License in Every State (7 Steps)
To start a career as a real estate agent, you’re required to obtain a license from your state’s Real Estate Commission. While the steps may vary slightly based on your state, getting a real estate license generally includes completing prelicensing education, getting a background check, passing the real estate exam, finding a sponsoring brokerage, and…
How to Set Up Venmo for Business
Venmo is a popular peer-to-peer mobile payment platform that offers a Venmo Business profile, which allows businesses to accept Venmo payments. Setting up Venmo for business is quick and easy, especially if you already have a Venmo Personal account. It involves submitting your business details and tax information and connecting a bank account or card….
How to Use VoIP Fax: Step-by-step Guide & Benefits
Voice-over-internet-protocol (VoIP) providers like RingCentral and Nextiva come with fax capabilities for sending and receiving documents securely over the internet. The process involves selecting the recipient, choosing a cover page template, uploading the file, and setting the schedule for transmission. In this article, we’ll explain the steps in detail using RingCentral and Nextiva fax solutions,…
New Hire Announcement: Small Business Guide
A new hire announcement is an internal communication introducing a new employee, typically sent a few days before they join your company. It includes who the new hire is, what role they’ll fill, who they’ll work with, and when they’ll join your team. It may also include some interesting personal details about the new employee…
Determining Tax Deductions for Travel Expenses + List of Deductions
The IRS considers deductible travel expenses to be any ordinary and necessary expenses you incur while traveling away from home on business. To get tax deductions for travel expenses, the trip must have a business purpose and be temporary (less than one year) and you must be away from your tax home for a length…
How to Set Up Payroll With OnPay: Small Business Guide
Learn the basics of setting up your OnPay account with our step-by-step instructions and video to help you along the way.
OnPay is a full-service payroll solution that lets you manage payroll, including tax filings for wage-earning employees and contractors. At $40 monthly plus $6 per employee monthly it also comes with basic HR functions such as paid time off (PTO) and benefits management. Its clear interface with large, colorful tabs makes it an easy-to-use solution…
How to Find Truck Drivers to Hire in 5 Steps
Learning how to find truck drivers to hire efficiently is crucial for long-haul transportation and local delivery businesses. By following some best practices—defining your needs, crafting a job ad, conducting interviews, running checks, and extending offers—you can effectively find the best truck drivers for your business. ZipRecruiter makes hiring a truck driver a seamless experience….