Square is a mobile payment company that offers a suite of business software, point-of-sale (POS) systems, payment hardware products, and small business services like marketing tools and loyalty programs. Unlike most payment processors, Square is available to businesses of all sizes and offers the most comprehensive free POS system on the market. The Square payment…
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What Is Video Conferencing? Key Features & Top Platforms
Video conferencing allows multiple parties to hold online meetings through audio and visual technology. It involves the use of video meeting software equipped with screen sharing, whiteboard, and breakout rooms. These features create an interactive meeting experience, allowing remotely located users to collaborate effectively while saving time and money from traveling. Keep reading as we…
What Is a Chatbot: A Small Business Guide
A chatbot, short for chatterbot, refers to computer programs that automate text- and voice-based communication. Chatbots are conversational applications that support market engagement, customer service, and technical support. Read on to learn more about what a chatbot is, how it works, its common uses, and the key benefits of using this technology to grow your…
What Is Shrinkflation? Definition, Reasons & Examples
Shrinkflation is the process of companies shrinking the size or quantity of products while maintaining the same product prices. This results in financial savings for the company producing the goods, but it can also make consumers feel frustrated or cheated. Shrinkflation is caused by rising production costs that lead retailers to find ways to save…
Workers’ Compensation Insurance Cost, Coverage & How It Works
Workers’ compensation insurance is a helpful policy for employers because it covers medical bills, rehabilitation costs, and lost wages for employees who are injured on the job or experience a work-related illness. In most states that require coverage, workers’ comp also protects the employer from employee lawsuits related to workplace injuries or illnesses. The price…
Encryption At-rest & In-transit Explained: Benefits & Examples
There are two types of data encryption: data at-rest and data in-transit, also known as data in motion. Data at-rest refers to inactive data not moving between devices or networks and tends to be stored in data archives. Data in-transit is data moving between devices or two network points. Data in-transit tends to be more…
House Flipping Taxes: Capital Gains or Ordinary Income?
Purchasing a rundown house, fixing it up, then reselling it has become a very popular side gig for many Americans. For most house flippers, the profit from selling the house will be taxed as ordinary income and is subject to self-employment taxes. However, there are a few ways you can lower your house flipping taxes…
What Is a Blanket Purchase Order?
A blanket purchase order (BPO) is a type of purchasing agreement between a buyer and supplier that establishes terms and conditions for multiple transactions over a specified period—typically a year. It provides flexibility to the buyer to order varying quantities of goods or services within the agreed-upon terms without the need to renegotiate for each…