Pay frequency, or how often you pay your team, is one of the first decisions you must make when you hire your first employee.
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Author:
Michele Bossart
What Is an IPO? The Process of Going Public
At some point, you may consider going public if your business is private. When you “go public,” you go through an IPO process. So, what is an IPO? Read on to learn the ins and outs of an IPO, what the process entails, and the pros and cons of going public.
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How to Calculate Local Income Tax: Guide for Employers
As an employer, you’re responsible for withholding certain taxes from employees’ wages. One of the taxes you may need to withhold is local income tax. Read on to get the scoop on this tax, and learn how to calculate local income tax.
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What to Do If You Receive an IRS Notice (Besides Panic)
Receiving a tax notice from the IRS can be scary. But, there are basic steps that you can take when responding to IRS notice.
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COBRA Health Insurance—Do You Need to Offer It?
As your business grows, so do your responsibilities as a business owner. Once you have 20 full-time equivalent employees and offer health insurance, you need to know about COBRA. What is COBRA? Do you have to offer it? Read on to get answers to these questions and more.
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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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Patriot Software Unlocks Mobile App Access for Hundreds of Thousands
All employees paid through Patriot’s payroll software can now access Patriot Software’s employee mobile app. Canton, OH In a major move to redefine workplace connectivity, the Patriot Software mobile app is now available to all employees whose employers use Patriot Payroll™. Previously limited to employees using Patriot’s Time and Attendance software, the expanded app is […]
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Retained Earnings Formula: Examples, Calculation, and More
When you own a small business, it’s important to have extra cash on hand to use for investing or paying your liabilities. But with money constantly coming in and going out, it can be difficult to monitor how much is leftover. Use a retained earnings formula to track how much your business has accumulated. Knowing […]
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What Is Inventory?
Unless you own a service-based business, you likely have inventory. Knowing how much inventory you have is crucial for managing accurate small business accounting books, ordering new stock, and making pricing decisions. So, what is inventory?
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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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