To find the best candidates for your company’s open roles, you should evaluate internal vs external recruitment. Internal recruiting is when you fill an open position from within your current bank of employees by promotion or transfer. External recruiting entails posting job ads to hire a candidate that does not currently work for your company….
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Understanding the SBA Guarantee Fee
Small Business Administration (SBA) loans are issued by private lenders but are guaranteed by the government in the event of a default. To cover the potential costs of a default, an SBA guarantee fee is often included as part of the costs associated with getting a loan. The amount of this fee varies depending on…
What Is a Business Money Market Account & How It Works
A business money market account (MMA) is a type of business deposit account that lets you earn competitive interest with low risk. It typically offers higher yields than a business savings account but lower yields than investment accounts and certificates of deposit (CDs). Most MMAs have a monthly limit of six transactions. However, unlike savings…
What Is Sell-through Rate & How to Use It (+ Free Calculator)
Sell-through rate (STR) is a critical retail metric that tells you how well products are performing based on the amount of inventory sold compared to the amount of inventory received during a set period of time. Typically, retailers will measure sell-through rates weekly, monthly, quarterly, and yearly, comparing their real STRs to their targets. It…
What S Corporation Tax Must Be Paid & How To Calculate Each
While S corporations (S-corps) do not pay federal income taxes, they do pay payroll taxes, built-in gains tax, and excess net passive income (ENPI) tax. They also pay penalties if their annual information return Form 1120S is not filed on time. Both the ENPI and the built-in gains tax are only applicable if the S-corp…
How Real Estate Commission Splits Work (+ Free Calculator)
A real estate commission split is the percentage of earnings agents and brokers receive when they assist a buyer, seller, or renter in closing on a property. There are various types and ranges of commission agreements, with standard models paying 60% to 70% to agents and high-split models paying 90% to 100%. The split is…
What Is BNPL? Small Business Guide to Buy Now, Pay Later
Buy now, pay later is a new and popular payment option, particularly for online purchases. However, does the boost in sales BNPL provides offset its steep processing fees?
Buy now, pay later (BNPL) is a type of short-term financing that lets your customers pay for purchases over time, often with zero or low-interest rates. BNPL payments first gained traction with online shoppers looking to finance apparel and beauty purchases. While BNPL surged in popularity during the pandemic to finance large purchases, today, people…
Accounts Receivable (A/R) Turnover Ratio: Definition & Calculator
The accounts receivable (A/R) turnover ratio is helpful in managing your A/R and measures how effectively a business collects payment from customers they have extended credit to within a given period―generally one year. Analyzing the A/R turnover should include industry benchmarks to give you a full understanding of whether the company is doing fine at…