Pay frequency is one of the first decisions you must make when you hire your first employee. If you haven’t thought about payroll frequency, now’s the time to start. Employee satisfaction, legal compliance, and cash flow may depend on it.
Read More How Often Employees Get Paid Depends on One Thing—Pay Frequency
Author:
Michele Bossart
Paid vs. Unpaid Internships: What Are the Risks?
Offering internships can be a great way to partner with your local university to train future leaders in your field. But there’s a point of contention … paid vs. unpaid internships. So, if you’re using unpaid interns instead of putting them on your payroll, you may be running afoul of the law.
Read More Paid vs. Unpaid Internships: What Are the Risks?
What Is the MCTMT Tax?
The Metropolitan Commuter Transportation Mobility Tax (MCTMT) was enacted in 2009 to provide funds for transportation, taxing income earned from wages and self-employment in 12 downstate counties in the state of New York.
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What Are Regular Hours?
The term “regular hours” can mean several different things, but most often refers to the usual hours that employers expect their employees to work. When an employer runs payroll, they usually must select from several different hours types: regular hours, overtime hours, holiday hours, etc.
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Patriot Announces Exclusive Partnership With Vestwell, Offering Affordable Retirement Plans for American Businesses
Canton, OH Patriot Software, LLC, a leading accounting software and payroll provider, today announced an exclusive partnership with Vestwell to offer 401(k) plans with seamless payroll integration. Vestwell is the modern fintech engine powering savings and investment programs for small businesses and individual savers across the country.
Read More Patriot Announces Exclusive Partnership With Vestwell, Offering Affordable Retirement Plans for American Businesses
Bank Statement Reconciliation: Let’s Get Reconciling
Your books say one thing, but your bank statement says another. Sigh (why isn’t anything ever easy?!). But don’t stress—bank statement reconciliation is here to help.
Read More Bank Statement Reconciliation: Let’s Get Reconciling
What Is Estimated Tax, and Why Is It Important?
Employers bear the burden of calculating, withholding, and remitting taxes from employee wages. They must also report them to the correct government agencies. But, what must self-employed individuals do? And what about individuals whose income isn’t taxed? What should those individuals do to pay and report their taxes?
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What Are Gross Wages, and How Do You Calculate Them?
When it comes to running payroll, there are a lot of terms you need to be familiar with. One that you need to know like the back of your hand is gross wages. But, what are gross wages? And, how do you calculate them for your employees’ checks? We’ve got the answers to these questions […]
Read More What Are Gross Wages, and How Do You Calculate Them?
Patriot Software Secures Undisclosed Series-A Funding Round
Canton, OH Patriot Software Company, a leading accounting software and payroll software provider, announced today that it has raised an undisclosed amount in Series-A funding, led by RZC Investments. Located in Bentonville, Arkansas – RZC Investments is a multi-strategy investment firm focused on deploying capital into operating businesses as the investment arm for the Walton […]
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6 Great Ways to Learn Payroll: Tips for Small Business Owners
“How do I do payroll?” That’s probably not the first question you asked when you decided to start a business—it probably wasn’t even your 50th question. But if you’re going to hire employees, you will need to know how to do payroll.
Read More 6 Great Ways to Learn Payroll: Tips for Small Business Owners
