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I-9 Form: Definition & Legal Requirements (+ Free Download)

The I-9 form is used to verify a person’s eligibility to work in the US. Workers provide identification, and employers physically verify these documents to confirm the employee’s work eligibility.

By December 17, 2024 | Free Resources, Human Resources, What is

What Is the I-9 Used For? The I-9 form supports the Homeland Security procedure to ensure US employers hire employees who have the proper work eligibility and identification documents and should be part of your new hire onboarding process. This differs from a W-4 form, which provides similar information for tax purposes. To be in compliance, the I-9 form…

13 Benefits of Google Reviews For Your Small Business

By December 16, 2024 | Marketing, What is

For small businesses in any industry, one of the most effective yet underrated marketing strategies I always recommend is collecting Google reviews. If you’ve ever Googled a local business and decided to try it out because it had dozens of positive reviews, then you know just how powerful reviews can be. They instantly make a…

Current SBA Loan Rates for December 2024

By December 13, 2024 | Financing, What is

Small Business Administration (SBA) loans are still one of the more affordable financing options that offer favorable rates and terms to qualified borrowers. SBA loan interest rates are reviewed periodically and can vary depending on the type of SBA loan, the lender, and the required business qualifications. While these rates have been trending upward over…

360 Feedback: Complete Guide + Free Review Template

360 feedback is a peer-to-peer feedback method that allows managers to view employees from the eyes of multiple reviewers. Learn the basics, how to conduct 360-degree reviews, and see how real companies put it into practice.

By December 12, 2024 | Free Resources, Human Resources, What is

Download our sample template for conducting 360 reviews. What Is 360-degree Feedback 360 feedback (or 360-degree feedback) is a type of employee performance review in which an employee receives feedback not just from their direct supervisor but also from peers and, when applicable, direct reports, subordinates, and customers. Feedback is generally anonymous, and the number…

IRS Vacation Home Rules & Loss Limitations

By December 12, 2024 | Taxes, What is

The tax treatment of vacation rental property depends on how many days you rent it out and how much you use it yourself. If you rent your vacation property for less than 14 days a year, then you don’t have to report the rental income—plus you don’t deduct the expense of renting. However, if you…

What Is an SKU Number? A Complete Guide

A stock-keeping unit (SKU) is an alphanumeric code that identifies a product and helps you track inventory for your retail business.

By December 11, 2024 | Retail, What is

Unlike a universal product code (UPC), which is a standardized 12-digit identifier assigned by manufacturers, an SKU is customizable and can include details like department, style, gender, size, and color. You can create SKU numbers manually or generate them through inventory management or point-of-sale (POS) systems. How Do SKU Numbers Work? SKU numbers play a…

What Is Recommerce? 2025 Small Business Guide

Recommerce (reverse commerce) is the buying and selling of used or pre-owned products for reuse. It is an emerging trend among independent retailers and small businesses, especially as consumers increasingly prioritize sustainability.

By December 11, 2024 | Retail, What is

Recommerce offers a promising business model that caters to both budget-friendly shopping and the growing demand for environmentally responsible retail options. This introductory guide will walk you through the essentials of recommerce and explore how it can benefit your business and customers. How Does Recommerce Work? Recommerce entails selling used or pre-owned products—anything from electronics…

What Is Revenge Spending? Everything Retailers Should Know

By December 11, 2024 | Insights and Trends, Retail, What is

Revenge spending or revenge buying is the phenomenon wherein consumers spend more money than usual after they are denied spending opportunities—for example, as a response to challenging economic situations or collective crises. Consumers could see it as making up for lost time. Because revenge spending drives increased demand for goods and services, understanding this phenomenon…