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…
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What Is Drop Shipping? Definition, Cost, Features & Providers
Drop shipping is a way to sell physical products without having a storefront. Plus, you don’t need to worry about storing inventory because your manufacturer will only ship an item to your customer after an order is made. You can even get started as a drop shipper with little to no money upfront. How Drop…
Current Mortgage Rates for Residential Home Purchases
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?
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
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?
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
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
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
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 at $1.34 per $100 of payroll. Pennsylvania Workers’ Compensation Insurance…
How Much Does Business Insurance Cost?
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
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….
What Is EBITDA: Formula, Definition, and History
Earnings before interest, taxes, depreciation, and amortization (EBITDA) is a measure of a company’s revenue before accounting for deductions related to interest expense, taxes, depreciation, and amortization. It is a method of determining the health and value of a business that discounts how the business is financed as well as accounting and tax strategies. What…