After the end of every year, you need to report your workers’ wages. You must send a form to the worker and governments. But, which IRS form do you send? The form you use—Form 1099 vs. W-2—depends on if the worker was a contractor or an employee.
Read More Form 1099-NEC vs. W-2 Differences: Which Should You Use?
Author:
Michele Bossart
Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers
Understand the new Alabama overtime tax law that exempts employees’ overtime earnings from state income tax. Get the details and reporting requirements for businesses.
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How to Fill Out Form I-9 When You Hire a New Employee
Each time you hire a new employee, you are responsible for verifying they are eligible to work in the United States. To do this, use Form I-9, Employment Eligibility Verification, when onboarding new hires. All U.S. employers are required to use the I-9. Failing to do so can result in penalties. Learn how to fill […]
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The Scoop on the California Paid Sick Leave Law
Some states, like California, require mandatory paid sick leave. The majority of California’s employers must offer paid sick leave to their employees. So, what is the California sick leave law?
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What Is the Fair Labor Standards Act (FLSA)?
When you become an employer, you can’t always play by your own rules. There are certain federal, as well as state and local, standards you must follow. The FLSA is one set of federal regulations you need to know about and comply with. What is the FLSA?
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What Is the Earned Income Tax Credit, and How Does it Work?
If you have a low- or moderate-income worker, they may be eligible for the earned income tax credit (EITC). Read on to learn all about the earned income credit, including who is eligible for it and how workers can claim the credit.
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What Employers Need to Know About Taxable Wages
Part of being an employer is withholding taxes from your employees’ wages before giving them their paychecks. That’s why you need to understand taxable wages before you run payroll.
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Get to Know Social Security Tax Inside and Out Before Writing That Paycheck
Employers are responsible for withholding, remitting, and filing payroll taxes on behalf of their employees. And, there are some taxes you contribute on behalf of your employees. Social Security tax is one of those essential taxes that impacts both the employer and the employee.
Read More Get to Know Social Security Tax Inside and Out Before Writing That Paycheck
Patriot Software Teams Up With Stripe to Streamline Online Payments
Canton, Ohio Patriot Software, a leading online accounting software provider, and Stripe, a financial infrastructure platform for businesses, have joined in a partnership to offer a new era of enhanced and frictionless payment experiences for customers. Under this partnership, Patriot Software accounting customers can now effortlessly accept credit card payments on customer invoices, significantly enhancing […]
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Patriot Software Given Editor’s Choice Award from CardRates
Canton, OH Patriot Software, a leading provider of cloud-based accounting software and payroll software for American businesses, has been given the Editor’s Choice™ Award for payroll and accounting solutions distinction from CardRates, a respected online resource for financial news and reviews.
Read More Patriot Software Given Editor’s Choice Award from CardRates
