The Social Security payroll tax is imposed on employers and employees to gain funding for Americans under the Old-Age, Survivors, and Disability Insurance (OASDI) program as mandated by the Federal Insurance Contributions Act (FICA). The rate and payroll cap are subject to change, and certain entities are exempt from contributing to it. The Social Security…
Ultimate Guide
The Ultimate Guide to Retail SEO for Small Businesses
SEO, or search engine optimization, is the process of making your business and website more findable via search platforms. SEO is an important component of your retail marketing strategy, especially since a majority of consumers begin their shopping journeys with an online search. When it comes to retail SEO, there are two primary goals: driving…
Ultimate Guide to Influencer Marketing: What It Is & How It Works
Influencer marketing is one of today’s fastest-growing marketing strategies. You’ve likely encountered a few influencer campaigns yourself if you’re active on any social media platform, whether it’s a simple product endorsement on Instagram or a full-scale product collaboration with a TikTok creator. And with good reason: Influencer marketing has proven to be a low-cost, high-value…
Payroll Automation: Guide for an Automated Payroll System
Payroll automation uses advanced technology—particularly through software—to streamline and simplify the complex process of managing employee pay. It can reduce errors and save time and resources for your small business by calculating wages, taxes, benefits, and deductions automatically. Types of Payroll Automation Software Payroll automation software helps small businesses by handling complex functions automatically and…
Square Fees: Is Square Worth It in 2024? (+ Calculator)
With predictable fees and lots of free tools, Square offers excellent value for all kinds of small businesses.
Square is a payments, point-of-sale (POS), and business management tool for small businesses. It has no contracts, minimum requirements, or upfront costs for its software or payment processing tools. The basic software is free, and any upgrades are billed monthly. Square deducts a flat fee on successful payment transactions, and you get low-cost hardware, with…
Identifying Toxic Employees and How to Deal With Them
Toxic employees disrupt team dynamics, lower productivity, and destroy company culture by spreading negativity and discontent. Their negative attitude and disruptive behavior can create a ripple effect that lowers morale, decreases employee engagement, and ultimately hampers business success. Identifying and addressing toxic employees in the workplace is crucial to maintaining a healthy work environment where…
What Is Per Diem — A Small Business Guide
The term “per diem” is derived from Latin and translates to “per day.” In the context of employment, it signifies a compensation structure where the employee is paid a fixed daily rate. Unlike traditional full-time or part-time employees who have ongoing employment relationships, per diem employees are hired to meet immediate and temporary demands. A…
Guide to Understanding Return on Equity (ROE) in Real Estate
Return on equity (ROE) is an important metric used to evaluate the success of real estate investments and can be applied to commercial and residential properties. Whether you are a seasoned investor or just starting, understanding what return on equity is and using the return on equity formula are essential in gauging how well your…