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
Graphic Designer Insurance: Cost & Coverage
If you run your own graphic design company, you should give some serious thought to how you can protect your financial assets. Every client you work with will carry some level of risk — for instance, having equipment stolen or damaged could lead to missed deadlines, resulting in a financial setback. Similarly, you could face…
Rollover for Business Startups (ROBS): Ultimate Guide
A rollover for business startups (ROBS) is a way for a business owner to access their personal retirement funds tax- and penalty-free. In fact, it’s an increasingly popular method of financing a business. In 2024, over half of the business owners surveyed in Guidant’s Small Business Trends study[1] reported using ROBS to finance their ventures….
Average Business Loan Interest Rate
According to the most recent data from the Federal Reserve Bank of Kansas City[1], average business loan interest rates currently range from around 6.4% to 11.5%. That’s a pretty wide threshold, but you can use this information as a benchmark to determine whether the rate you’re getting is good or not. With that being said,…
Amazon Seller Insurance Guide: Requirements & Coverage
If you sell products on Amazon, you’ll be required to obtain seller insurance once you exceed $10,000 in gross sales proceeds in one month or if you’re a Pro Merchant. Eligible policy types include commercial general, excess, or umbrella liability insurance, designed to protect you from accidents that may occur as a result of the…
Ecommerce Product Recommendations: Ultimate Guide to Increasing Sales
Learn how ecommerce product recommendations work, where to place them, and how to use them effectively to increase sales.
Ecommerce product recommendations are the online version of in-store upselling. Just like a salesperson might suggest a matching belt when you’re buying jeans, your online store can prompt shoppers with relevant products based on what they’re browsing or buying. These days, ecommerce product recommendations have become more accurate and automated thanks to AI technology and…
Trade Credit Guide: How It Works, Types, Pros & How To Get
Trade credit financing allows two businesses, a customer and a supplier, to purchase goods or services using a short-term financing agreement instead of paying cash upfront. This allows the customer to obtain goods and pay for them later, usually anywhere from 7 to 120 days. This form of financing is commonly used by B2B companies…
Inventory Financing: Overview, How It Works, and Pros & Cons
Inventory financing allows businesses to borrow money specifically to buy products they plan to sell, and the inventory purchased becomes the collateral for the loan. This includes both finished products ready for resale and raw materials used to manufacture those products, which can offer flexibility to product-based businesses that may have difficulty qualifying for other…