At some point or another, you may decide to incorporate your company. Like many things in business, incorporation has its advantages and disadvantages. Read on to learn the pros and cons of incorporating a business to determine if it’s a good fit for your company.Read More What are the Pros and Cons of Incorporating a Business?
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?Read More 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?Read More 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.Read More What Is Earned Income?
Canton, OH 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.Read More 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.Read More What Is an Audit Trail, and How Does It Impact Your Business?
This article has been updated to include 2022 tax information. 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.Read More What Employers Need to Know About Taxable Wages
Canton, OHPatriot 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.Read More 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 […]Read More A Profit and Loss Statement for Small Business Is a Must!
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 […]Read More What Are Non-sufficient Funds?