A vacancy rate represents the percentage of unoccupied units in a multi-unit rental property. It is a helpful indicator for determining if a rental property is performing well and whether it is or will be a profitable investment. To understand more about what a vacancy rate is, we’ll utilize a vacancy rate calculator and examine…
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What Is One-click Checkout & How Does It Work?
Are you struggling with cart abandonment and a lengthy checkout process? One-click checkout can help your customers complete their purchase faster and easier.
One-click checkout is an ecommerce feature that lets customers complete their purchases with a single click and does away with the usual multistep checkout process. It streamlines the transaction by securely storing customer information and payment details, allowing for quick and frictionless purchases. This feature can help reduce cart abandonment rates, boost conversions, and enhance…
What Is an Employee Attendance Policy? (+ Free Template)
Employee attendance policies are company documents, often part of your handbook, that clearly define attendance requirements at your company. These should include definitions, indicate how employees may be disciplined for violations of the policy, and an employee acknowledgement. For an example of how to draft yours, download our free attendance policy template and customize it…
What Is a Secure Payment System? Small Business Guide
Secure payment systems keep customer data confidential, prevent fraud, and streamline transactions—which safeguard businesses and bolster customer trust.
A secure payment system allows customers to make payments safely and protects businesses from fraud and data breaches. It collectively refers to payment processing solutions, information technology tools, and practices that allow businesses to accept payments while ensuring information and payment security. Some of the key features of a secure payment system are authentication protocols,…
Payroll Records: What to Include & How Long to Keep Them
Payroll records are documents with any information about a company’s payroll, including data about employees, paychecks, and taxes. These include hiring documents, pay stubs, timecards, and leave documents, among other items. Key Takeaways: Keep payroll records for at least three years Certain states (like New York) and certain laws (like the Employee Retirement Income Security…
What Is CPaaS? Benefits, Features & Top Providers
Communication platform as a service (CPaaS) is a cloud-based solution enabling businesses to directly embed communication features on existing business applications, thus extending the platform’s functionality. These communication capabilities include voice, messaging, email, fax, and video, depending on the provider. In this article, we’ll explore what is CPaaS for, how to choose a software solution,…
What Is a Flexible Work Schedule Policy? (+ Free Template)
A flexible work schedule policy outlines for employees an alternative to the typical 9–5, Monday–Friday workweek. It might allow for different daily start and end times or even a compressed four-day workweek. Employees who can customize their work hours can better manage their time and focus on their tasks. If you plan on allowing a…
Federal & State Payroll Tax Rates for Employers
Both employers and employees are responsible for payroll taxes. Federal tax rates, like income tax, Social Security (6.2% each for both employer and employee), and Medicare (1.45% each, plus an additional 0.9% withheld from the wages of an individual paid more than $200,000), are set by the IRS. However, each state specifies its own tax…