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.Read More COBRA Health Insurance—Do You Need to Offer It?
The American Rescue Plan was signed into law on March 11, 2021. This article was updated to include information about EITC changes under the new plan. 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, […]Read More What Is the Earned Income Tax Credit, and How Does it Work?
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?Read More The Scoop on the California Paid Sick Leave Law
As a business owner, you’re used to wearing a million hats and doing things yourself. But sometimes, you need a helping hand. Some tasks, like accounting, can be time-consuming and downright stressful— especially if you’re not an expert. If you’re struggling to manage your own books, hiring an accountant may be a good fit for […]Read More Do I Need an Accountant for My Business? Get Your Yes or No Answer Now
Patriot Software, a leading online accounting software and payroll provider, continues to expand its brand reach by launching a new advertising campaign on national television and streaming platforms. Patriot Software, also known as “PATRIOT,” has disrupted the traditional accounting and payroll industries by streamlining accounting and payroll software for American business owners and their accountants […]Read More Patriot Expands Advertising to National TV and Streaming Platforms
Employees want the wages they deserve. Employers want to avoid penalties and fines. Want the best of both worlds? Understand the difference between exempt vs. nonexempt employees.Read More Understand the Difference Between Exempt vs. Nonexempt Employees
If you want to buy a car or house, open a bank account, or get a job, you need a Social Security number. An Employer Identification Number (EIN) is like that—but for your business. Many businesses need an EIN to operate. And if your business is one of them, you must know how to apply […]Read More Your Step-by-step Guide on How to Apply for EIN—aka Employer Identification Number
When you have employees, you are responsible for paying them—but not before taking out some money for payroll taxes. The IRS, Social Security Administration (SSA), and state and locality (if applicable) all require payroll tax withholding.Read More The Basics of Payroll Tax Withholding
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.Read More How to Calculate Local Income Tax in 6 Simple Steps
Do you have questions about your tax situation that nobody can seem to answer? If so, you may need a private letter ruling from the IRS. What exactly is it, and how do you get it?Read More What Is a Private Letter Ruling from the IRS?