Most employers are legally required to pay a certain minimum wage to their employees (at least $7.25 an hour to comply with federal laws) and pay overtime for hours worked over 40 in a work week (at least 1.5 times the regular pay rate). However, the Fair Labor Standards Act (FLSA) provides minimum wage and…
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What Is Company Culture? Definition, Examples & Tips
Company culture represents the collective attitudes, beliefs, and behaviors of a company and its employees and how they relate to the actions of the business. It is one of the key factors to a company’s success and longevity, impacting operations, strategic planning, and, ultimately, overall business performance. Areas that are part of or influence company…
What Is a Business Line of Credit & How Does It Work?
A business line of credit is a loan that lets you draw against a credit limit and deposit it as cash into your bank account. It’s a revolving loan, so as you pay down the balance, you can then draw additional funds you need up to the credit limit. In most cases, monthly payments are…
What Is Bonus Depreciation? How It Works & Calculating It for 2023 and Beyond?
Bonus depreciation is an immediate tax deduction that speeds up tax savings and makes an asset that you placed in service more affordable. You may also see this deduction going by the name of the special allowance, the additional first-year deduction, or IRC §168 (k) depreciation. In general, new and used furniture and equipment with…
What Are Customer Service Analytics? A Guide to Enhancing Customer Experience
Customer service analytics involves analyzing customer behavioral data and using it to discover actionable insights. This data gives you an understanding of your customer’s needs and expectations. Analytics also serve as a basis for improving service strategies, enhancing the customer experience, and increasing customer retention and loyalty. In this article, we break down the definition…
How to Do Payroll in Japan: Ultimate Guide
Doing payroll in Japan isn’t as hard as in some other countries, but you will need to pay close attention to some specific rules and nuances you don’t face domestically. Because running international payroll means you have to abide by another country’s laws that you may not be familiar with, you must take your time…
Returned Item Fee: What It Is & How It Affects Your Business
A returned item fee, also known as a nonsufficient funds (NSF) fee, is what your financial institution charges when it declines or returns a transaction due to insufficient funds. The average fee ranges from $27 to $40 per returned item. Returned items can financially damage your business, hurt your business’s reputation, and affect future dealings….
California Paid Sick Leave Law: What Small Businesses Need To Know
雇主必须提供在加州生病lea支付ve 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…