Employers in California must provide paid sick leave to all employees working in California for 30+ days per year. In addition to state law, some localities also have leave requirements. As a small business, you’ll need to ensure compliance with California paid sick leave law and budget accordingly. How California Sick Leave Works There are…
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What Is a Sales Commission Structure: 10 Types (+ Calculators)
A sales commission structure is a system that outlines how a company compensates its sales reps for the sales they make. It also helps motivate sales professionals to maintain or improve their overall performance. Commissions can be paid out weekly, biweekly, or monthly. The first step in developing a sales compensation plan is choosing the…
What an Email Blast Is (+ Types & Examples)
An email blast (also known as an e-blast) is a single email sent to multiple people at once or on a triggered basis, such as a welcome email for new customers. It’s an efficient way to make announcements, promote sales and marketing campaigns, and boost brand presence. Best of all, email marketing platforms make sending…
How Much Does It Cost to Open a Retail Store?
The cost of opening a retail store varies greatly—you should budget anywhere from $10,000 to a few hundred thousand dollars. It all depends on where you’re located and what your vision is. As retail continues its upward trajectory in a post-pandemic world, the time has never been better to start a retail business. Let’s break…
What Is Involuntary Termination + Reasons & Impacts
Involuntary termination occurs when a company (as opposed to an employee) initiates the termination of an employment relationship. It is often the result of cost-cutting measures such as downsizing or poor work performance or inappropriate workplace behavior by the employee. Below we will dive deeper into the reasons your company might use involuntary termination and…
What Are Non-deductible Business Expenses?
According to the IRS, a deductible business expense must be both ordinary and necessary. Therefore, any expense that isn’t ordinary and necessary to your business’s operation is non-deductible. In addition to this broad definition, the IRS provides guidance on specific business expenses that cannot be deducted. This article gives more information about each of these…
What Is Customer Service Software? A Small Business Guide
Customer service software is a centralized platform that helps businesses manage their customer communication touchpoints. Designed to deliver excellent customer support, it typically requires an omnichannel approach that includes shared inboxes, live chat, in-app phone features, and ticketing tools. This article answers the question—what is customer service—and explores how it works, customer service tool types,…
What Is a Tax Credit vs Deduction? Difference & Calculation
Federal tax credits and deductions both reduce the amount of tax you owe on your tax return, but the way the tax savings is calculated is very different. Tax deductions reduce the amount of your taxable income, whereas tax credits are directly applied against the tax you owe. Credits can reduce the amount of tax…