Let’s face it: everybody makes mistakes. So, if you make a mistake on an employee’s Form W-2, don’t panic. Instead, learn how to correct a W-2 form and take action.
Read More How to Correct a W-2 Form If You Make a Mistake (Amend Your W-2)
Author:
Mike Kappel
Mike Kappel, serial entrepreneur and CEO of Patriot Software, offers payroll advice from more than 30 years of experience to small business owners.
Types of Business Structures
As a small business owner, one of the first decisions you make is deciding between the different types of business structures. But, choosing between business structures can be intimidating and confusing. Before you decide what business structure type to use for your small business, understand your options.
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What Is Filing Status, and How Does It Affect Payroll?
Withholding federal income tax from employee wages is a necessary (but tricky) part of running payroll. There is no standard amount you withhold from employee wages for federal income taxes. Instead, tax amounts are determined by factors like pay, Form W-4 withholding information, and filing status. But, what is filing status?
Read More What Is Filing Status, and How Does It Affect Payroll?
What Is Form 1099-MISC, and Are You Responsible for Distributing It?
If you paid a person that is not an independent contractor during the tax year, you might need to file Form 1099-MISC. So, what is Form 1099-MISC?
Read More What Is Form 1099-MISC, and Are You Responsible for Distributing It?
What Is Workers’ Compensation Insurance?
No matter what type of business you run, there’s a chance employees could get hurt or sick. They might slip on a wet floor, fall off a ladder, cut themselves with a blade, or get in a car accident while running a business errand. Because your employees can become hurt or sick in numerous ways, […]
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What Is Comp Time? What Employers Need to Know
Here’s a number: $287,923. That’s how much the Department of Labor recovered in back wages and liquidated damages from a business that offered comp time instead of overtime. So, what is comp time, and when is it OK to give?
Read More What Is Comp Time? What Employers Need to Know
What Is a Wage Garnishment? What Employers Need to Know
You may have an employee whose wages are subject to garnishment at some point. What is a wage garnishment? And what do you need to do?
Read More What Is a Wage Garnishment? What Employers Need to Know
8 Fast Facts to Make Giving Charitable Donations a Smooth Process
Do you enjoy contributing to your favorite nonprofit organizations? If your business makes charitable donations, you’re automatically eligible for the joy of giving. And, you may qualify for a tax deduction.
Read More 8 Fast Facts to Make Giving Charitable Donations a Smooth Process
Patriot’s CEO Apologizes
Dear Patriot Software Customers, As I mentioned in my March 14th timeline update to you, your payroll and payroll-tax dollars are securely flowing again at Silicon Valley Bank (SVB). Patriot is in good shape, and our Customer Support staff is here to help you. So, you are good to go – meaning that you can […]
Read More Patriot’s CEO Apologizes CEO Letter to Customers | SVB Closure Doesn’t Stop Patriot Software
Dear Patriot Software Customers, Payroll and payroll-tax dollars are securely flowing again at Silicon Valley Bank (SVB). Patriot is in good shape. FYI, my Team at Patriot Software has been working very long hours to support our hard-working customers taking thousands of phone calls, and I sincerely want you to know that we have your […]
Read More CEO Letter to Customers | SVB Closure Doesn’t Stop Patriot Software