Expenses. We can’t escape them. But with careful attention, you can use them to reduce your tax liability. When you know what business expenses to deduct, you’ll be certain you’re paying no more than needed. So, without further ado, what are business expenses? Continue reading “What Are Business Expenses?”
As an employer, withholding taxes from employee wages is all part of the job. In addition to federal income tax withholding, you may also need to handle state income tax withholding. Unlike federal income tax, state income tax rules and rates vary by state. So, what is state income tax? Continue reading “What Is State Income Tax?”
When you own or work for a business, you receive earned income. But, not all income is earned income. Both business owners and employees should understand what is earned income to determine tax liability and tax credit eligibility. Continue reading “What Is Earned Income?”
Patriot Software (“PATRIOT”), a SaaS provider of online accounting software and payroll for tens of thousands of American businesses, is evaluating its options for long-term strategic partnerships. Continue reading “Patriot Software Seeks Strategic Partner for Accounting & Payroll SaaS”
As a business owner, you’re responsible for recording your company’s transactions. And to support your entries, you should be keeping adequate documentation. This accounting documentation acts as an audit trail for your business. Read on to learn what is an audit trail and why it is essential for your small business.
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. Continue reading “What Employers Need to Know About Taxable Wages”
Patriot Software (“PATRIOT”), a provider of online accounting and payroll software, announces that it’s presently calculating $3 billion annually in payroll for tens of thousands of American businesses. Continue reading “Patriot Software Is Calculating $3 Billion in Payroll Annually”
As a business owner, you must track the money going in and out of your company to keep your finances on track. One way you can do this is by monitoring your profit and loss statement for small business.
Read on to learn how a profit and loss statement can benefit your business and how to create one of your own.
As a small business owner, you have a lot on your plate at all times. You do your best to keep your accounts, finances, and books in order. But sometimes, things just slip your mind.
At some point or another, you might spend more than what you have in your account. When this happens, you have non-sufficient funds. Read on to learn what are non-sufficient funds, what to do if you have them, and how to avoid insufficient funds.
Patriot Software, commonly known as “PATRIOT,” rolled out its revised brand on January 29, 2020. Patriot provides premium accounting and payroll SaaS software to American businesses and their accountants. Patriot operates in the US financial accounting software market, including payroll, which is expected to grow at a CAGR of 11.7% to $10.37 Bn by 2025 (source: MarketWatch press release). Continue reading “Patriot Software Unveils New Logo and Brand”