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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Author:
Michele Bossart
California Paid Sick Leave Law: What’s the Scoop?
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?
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How to Get Cost of Goods Sold for Your Business
Before you can begin looking into your business’s profit, you need to understand and know how to calculate cost of goods sold (COGS). So, where do you begin? Start here by learning all about COGS, including how to get cost of goods sold using the cost of goods sold equation.
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What Employers Need to Know About Taxable Wages
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.
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Social Security Tax: Get to Know it Before Writing That Paycheck
Employers are responsible for withholding, remitting, and filing payroll taxes on behalf of their employees. And, there are some taxes you contribute on behalf of your employees. Social Security tax is one of those essential taxes that impacts both the employer and the employee.
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Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers
Understand the new Alabama overtime tax law that exempts employees’ overtime earnings from state income tax. Get the details and reporting requirements for businesses.
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Patriot Software Meets Gold Standard with Security
Canton, Ohio In a world where data breaches are the new normal, Patriot Software, an industry disruptor in the accounting and payroll software market, proudly elevates data security with advanced protections. The company has achieved SOC 2 Type II compliance, a testament to its unwavering commitment to safeguarding customers’ most valuable asset: their data.
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Another Bold Move from Patriot Software: Free HR Center for Payroll and HR
Patriot Software continues its hot streak of new value-added features by releasing a new HR Center for payroll and HR software customers. Powered by Mitratech Mineral, a leader in HR compliance, the HR Center includes proactive federal, state, and local compliance monitoring and robust HR tools, resources, and templates. The HR Center rollout comes at […]
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Patriot Software Launches Time and Attendance Mobile App
Canton, OH Patriot Software proudly unveils its latest innovation—the My Patriot mobile app, a dynamic new tool designed to streamline how work hours are recorded and managed. The payroll and accounting leader’s new app is available to all salaried and hourly employees whose employer uses Patriot’s Time and Attendance software. “Business tools can make employees’ […]
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What Is Adjusted Gross Income? How to Calculate AGI [With an Example]
As a small business owner, you have likely heard of the terms gross or net income. But, are you familiar with adjusted gross income? Learn what is adjusted gross income, how to calculate it, and uses for adjusted gross income below.
Read More What Is Adjusted Gross Income? How to Calculate AGI [With an Example]