All What is Articles - Page 16

Payroll Forms Employers Need

By Charlette Beasley on December 5, 2019 | Human Resources, Payroll, What is | Comments (0)

Regardless of how many employees you have, payroll forms are a necessity. Most employers need the regulated payroll tax forms required to maintain good standing with the IRS, like W-4 forms for new hires. Other, less structured forms can also be useful in helping to better organize your company’s processes—for instance, direct deposit authorizations. Payroll…

Payroll Compliance: Important Payroll Laws to Know

By Patrick Proctor on December 5, 2019 | Human Resources, Payroll, What is | Comments (0)

Although many would argue that payroll is straightforward, payroll laws vary by state, and regulations change often. This article addresses how payroll tax rates, workers’ compensation, and more evolve. We also acknowledge how the IRS and United States Department of Labor (DOL) look upon many of the most critical compliance areas within payroll processing. Payroll…

Current Mortgage Rates for Residential Home Purchases

By Melanie Patterson on December 3, 2019 | Financing, Real Estate Investing, What is | Comments (0)

Current mortgage rates range from 3.9% for a 15-year conventional fixed-rate loan to as high as 7.13% for a 10-year home equity loan. Thirty-year fixed-rate mortgages range from 3.39% for FHA loans to 4.14% for jumbo loans. Understanding current mortgage rates helps buyers find the best rate for purchasing their home. Current Interest Rate for…

What Is Invoice Financing?

By Dennis Shirshikov on November 27, 2019 | Business Loans, Financing, What is | Comments (0)

Invoice financing is a type of working capital loan for small businesses that invoice customers. By using invoice financing, business owners can borrow against the value of money they’re owed by customers. Invoice financing allows businesses to borrow 85% to 100% of invoice values at a starting rate of 0.25% per week. What Is Invoice…

Short-term Business Loans: Definition, Costs & Providers

By Robert Newcomer-Dyer on November 20, 2019 | Business Loans, Financing, What is | Comments (0)

A short-term business loan supplies working capital for businesses to meet various needs, and may be secured or unsecured. Short-term loans typically have repayment terms up to two years. Interest rates start around 6% with the average APR on short-term business loans between 30% and 50%. Short-term Small Business Loan Providers Banks, online lenders, business…

What Is a Term Loan & Where Can You Find One?

By Tricia Tetreault on November 20, 2019 | Business Loans, Financing, What is | Comments (0)

A term loan is the most common form of small business loan, and what most people think of when they think of a loan. With a term loan, the length of repayment is set when the loan is made, and the borrower makes regular recurring payments over this time period to repay the loan. What…

What Is Lifestyle Segmentation? Definition & How to Use It

By Sheena Jones on November 19, 2019 | Sales, Sales Strategies, What is | Comments (0)

Lifestyle segmentation is a categorization of target audiences by how they live, which includes activities like healthy eating, staying active, and participating in sports and other hobbies. It’s best for companies whose customer lifestyles drive their purchasing decisions like shoe purchases for active moms. Benefits include customized messaging and better rapport-building, which increases sales. If…

What is Market Share & How to Calculate It

By Jason Aten on November 19, 2019 | Sales, Sales Management, What is | Comments (0)

Market share is a measurement of the percentage of an overall customer base an individual business has captured. Calculating market share for your company involves dividing the total sales for your company during a given period by the total amount of sales for a market—usually expressed in dollars—telling you how much you control. One of…

Pennsylvania Workers’ Compensation Insurance: Top Providers, Rules, & More

By Jaclyn Moriarty on November 14, 2019 | Business Insurance, Insurance, What is | Comments (0)

Workers’ compensation insurance pays for employees’ medical costs and replacement income if they experience a work-related injury or occupational illness. Workers’ comp is required by law in most states. Pennsylvania requires employers with one or more employees to carry workers’ compensation, and they typically pay between 12 cents to $26.39 per $100 of payroll. Pennsylvania…

How Much Does Business Insurance Cost?

By Jaclyn Moriarty on November 13, 2019 | Business Insurance, Insurance, What is | Comments (0)

Small business owners often wonder how much business insurance costs. It’s an important expense that protects against liability claims and covers business-owned property. Factors that influence the cost of business insurance vary widely, including industry, location, and number of employees. Small businesses can expect to pay between $400 and $3,200 annually, depending on coverage needs….

SIP Trunking: Definition, Cost, Features & Providers

By Robert Watts on November 12, 2019 | Sales, Sales Tools, What is | Comments (0)

Session initiation protocol (SIP) trunking refers to the sending of voice and other communications as data over the internet instead of a landline network. SIP is the underlying software technology that powers voice-over-internet protocol (VoIP) services for small businesses. This technology provides cost savings over landline systems and also provides additional features like chat messaging….