As a business owner, you typically control your own salary. And if you see a rise in business income, you may think it’s time to give yourself a raise. But, how do you go about giving yourself a raise? What are some signs it’s time you increase your income? Keep reading for answers.
Read More What to Consider Before You Give Yourself a Raise
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
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 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 About Settling 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
Running a business can be expensive. Rent payments, utilities, taxes, and equipment can all come with a hefty price tag. And if you have employees, you also have to throw in the payroll costs. So to save some money now and pay later, you may consider a deferred payment. But, what is deferred payment, and […]
Read More Considering a Deferred Payment? Here’s What You Should Know
Sometimes, debt is a necessary evil when running a business. Taking on debt may be your best option when you don’t have enough equity to operate. But, how much debt is too much debt? And, when does debt become “bad”? The accounting debt-to-equity ratio can help you determine how much is too much and draws […]
Read More Debt-to-equity Ratio: How the Math Works for Your Business