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?
If you are a sole proprietor or partner, you or you and your partners are entitled to everything in your business. You don’t provide dividends to shareholders. You have full ownership of your business. However, you still have liabilities that you need to handle. Failing to consider your liabilities will give you a false picture […]
Read More What Is Owner’s Equity?
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]
Canton, OH Patriot Software today announced the launch of HR Experts & Training, a new add-on for Patriot Human Resources Software customers who need practical HR support and employee training without hiring a full internal HR team. Powered by Mineral, the add-on gives small businesses unlimited access to certified HR professionals by phone or online, […]
Read More Patriot Software Expands HR Software with HR Experts & Training
If your employees earn money directly from customers—at a restaurant, salon, hotel, or bar—you already know how confusing tip reporting can be. The IRS draws a very specific line between tips and service charges (aka auto-gratuities), and the difference affects payroll taxes, employee reporting, and even year-end W-2s. Let’s break it down in plain English. […]
Read More Tips vs. Auto Gratuities (aka Service Charges): Why It Matters for Payroll
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 California Paid Sick Leave Law: What’s the Scoop?
Patriot Software, a leader in cloud-based payroll and accounting solutions, has joined forces with SimplyInsured, a digital benefits platform, to simplify one of the toughest jobs for small business owners: offering health insurance. The new integration embeds insurance shopping, enrollment, and payroll deductions directly inside Patriot’s payroll software.
Read More Patriot Payroll Customers Can Now Add Health Benefits in Just a Few Clicks
CANTON, OH Patriot Software, a leading provider of accounting and payroll software in the USA, today announced Auto Payroll, a powerful new feature designed to eliminate repetitive administrative work for small business owners and accountants. The feature is available immediately to both Full Service Payroll and Basic Payroll customers. Auto Payroll is engineered for companies […]
Read More Patriot Software Unveils Another Huge Time-Saving Feature: Auto Payroll
Tax season. Just hearing the words can send shivers down a business owner’s spine. But what if you could change that? What if instead of scrambling for receipts and trying to make sense of a year’s worth of transactions, you could simply generate the reports you need with a few clicks?
Read More How to Create a Chart of Accounts That’s “IRS Ready”
Canton, OH Patriot Software, a leading provider of accounting and payroll software in the U.S., announces a new value-added feature for all payroll customers—employee self-onboarding for new hires. Employee self-onboarding significantly cuts down on administrative burdens and offers businesses a swift and professional method to integrate new hire information into their payroll system. Many of […]
Read More Less Paperwork, More Productivity: Patriot Payroll Launches New Employee Self-Onboarding