W-9 for contractors is a form that gathers basic information about independent contractors, like name and Social Security number. The W-9 form is used to verify a contractor’s tax ID number in order to report earnings (>$600) for the year. The form is easy to complete and doesn’t need to be submitted to the IRS….
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What Is UCaaS? Defining Unified Communications as a Service
Unified communications as a service (UCaaS) is a cloud-based solution that combines calling, texting, conferencing, and collaboration tools within a single platform. Adopting a UCaaS solution enables businesses to access a wide range of communication tools from anywhere with minimal upfront costs. This article defines “what is UCaaS?” and explores the top providers, benefits, and…
Small Business Insurance Illinois, Costs & Requirements
In Illinois, small business owners play a key role in providing employment and contributing to the economy of the state. Illinois small business insurance requirements are workers’ compensation and commercial auto, with some exceptions for when other coverage may be required. However, owners need to take into account the type of business and the risks…
New Employee Welcome Email: How to Write, Templates & Types
A welcome email to a new employee is one of the most important communications you can have with a new hire. It not only gives them the information they need to start their new employment with your company but also sets the tone for their journey. As such, it should be friendly and informative but…
What Is a Payroll Report? Guide for Small Businesses
Payroll reports are documents based on your payroll data, showing specific information about your business relating to tax liabilities, pay rates, and other financial data. You can create a payroll report for nearly anything you want—assuming you have the data in place—for both internal usage as well as required IRS filings. We’ll discuss the most…
Predictive Dialing Software: What It Is & Benefits for Small Businesses
A predictive dialer software app is a solution that uses artificial intelligence (AI) and machine learning (ML) to predict agent availability and adjust dialing rates in real time. It calculates the average call length and places multiple calls just before a representative ends a call. Statistical algorithms estimate the average number of calls it takes…
What Is an Ecommerce Platform? A Guide for Small Businesses
An ecommerce platform is a software solution that allows businesses to sell and consumers to securely buy products online. But it is also more than that—an ecommerce platform lets merchants manage and operate their businesses online, including organizing, marketing, selling, and shipping products. It also enables customers to find products, shop, pay, and manage their…
What Is Commercial Banking?
Commercial banking refers to the products and services designed to meet the financial needs of corporations, medium and large businesses, and government clients. Examples of commercial banking products include deposit accounts, commercial lending offerings, merchant services, and investment products. This contrasts with retail banking, which offers similar financial services to individual clients and the general…