If you structure your business as a partnership or S Corporation, there is one form you need to learn like the back of your hand. And, you need to make sure your partners know the form, too. That oh-so-important form is Schedule K-1. So, what is Schedule K, and what does it do?Read More What is Schedule K? What to Know Before Filing
Canton, OH Patriot Software, LLC, a leading accounting software and payroll provider, has partnered with Woodard Events, LLC to host a VIP Round Table session on the future of payroll. Joe Woodard, named one of Accounting Today’s Top 100 Influential People in the accounting profession, alongside Patriot Software Sales Executive Scott Nelson will host the […]Read More Patriot Partners With Woodard to Host VIP Round Table Session on the Future of Payroll
The news is out: President Biden authorized advanced child tax credits, and many parents are already receiving payments in their bank accounts. But, what is the big deal about the child tax credit 2021 plan? And, why should you know about it as a business owner? We’ve got the scoop on the child tax credit […]Read More What’s the Child Tax Credit, and Why Should Business Owners Know About It?
You know that paying someone comes at a cost. In addition to giving employees their paychecks, you also have the cost of payroll taxes. So, how much does an employer pay in payroll taxes? Keep reading to learn more about the employer cost of payroll taxes.Read More Just How Much Does an Employer Pay in Payroll Taxes?
Handling personally identifiable information (PII), such as names and Social Security numbers, can be nerve-racking for business owners. So, you need to protect the PII of your customers, vendors, and employees from hackers and data breaches. To defend your company from cyberattacks and their consequences, you might consider cyber security insurance. But, is cyber insurance […]Read More Is Cyber Insurance Worth It? What to Know Before Taking the Plunge on a Policy
When you’re ready to hire, there are certain steps you have to take to get ready. But, perhaps the most important step is attracting talent that fits your company’s needs. So, what must you add to job listings? Should you include a job description salary range? Learn the answers to these questions and more below.Read More Job Description Salary Range: Should You Use It or Lose It?
When an employee needs to take time off, you may start asking what you need to do as an employer. What are the different types of leave? Do you need to offer FMLA leave? What about PFL? Or, does the FFCRA come into play? With so many different laws (and acronyms!) about sick leave, your […]Read More FMLA vs. PFL vs. FFCRA: Different Types of Leave for Your Employees
When you run a business, you need to know a little bit about accounting. One of the things to know is account settlement. The settlement of an account can be crucial, especially if you use clearing accounts. What is an account settlement? Why is it important? When should you settle your accounts? Learn all of […]Read More Account Settlement: What to Know for When You Need to Settle Accounts
If you’re not an accountant, the accounting information you need to know can feel daunting. But, buckle up because there’s another tool you need to understand: clearing accounts. What are clearing accounts? Do you need to use them? What do they do? Clear up your schedule for a few minutes to learn all about clearing […]Read More Clearing Accounts: Understanding How and When to Use Them
Having employees comes with rules from the government. Federal and state laws both provide regulations regarding overtime. And, some states require employers to provide some form of paid time off (PTO). So, how do you calculate PTO, especially if an employee earns overtime? And, does PTO accrue on overtime? Keep reading to find out the […]Read More Does PTO Accrue on Overtime? What Employers Need to Know