Maria Tanski-Phillips, Author at Patriot Software

Patriot Software Maria Tanski-Phillips

We are committed to providing timely updates regarding COVID-19.

What Is the Employee Retention Credit, and How Does It Work for Employers?

Coins being dropped into a piggy bank.

Due to the coronavirus negatively affecting businesses nationwide, there are a number of coronavirus payroll tax credits available to help employers out. One option for employers is the Employee Retention Credit (ERC). Read on to learn the ins and outs of the ERC, including how the Employee Retention Credit works and how it can help you rebound from the COVID-19 pandemic.

Continue reading “What Is the Employee Retention Credit, and How Does It Work for Employers?”

The PPP and Health Care Enhancement Act Offers Additional Coronavirus Funding to Businesses

piggy bank surrounded by stethoscope and money

On April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act was signed into law. The act provides additional coronavirus funding to replenish programs and provide relief to businesses impacted by COVID-19. Check out an overview of what the newest funding bill covers and how it can benefit your small business.

Continue reading “The PPP and Health Care Enhancement Act Offers Additional Coronavirus Funding to Businesses”

What in the World Is Form 1065-X?

As a business owner, you probably made a few mistakes when you started your venture. And, you probably haven’t seen the last of them. Mistakes happen, especially when you’re responsible for things like filling out accounting forms.

If you made a mistake on Form 1065, 1065-B, or 1066, you can correct errors using Form 1065-X. Read on to learn what Form 1065-X entails and whether or not you need to use one.

Continue reading “What in the World Is Form 1065-X?”

What’re Your Employer Responsibilities During a Temporary Business Closure?

business owner putting up closed sign on a storefront window

At some point or another, you may find the need to temporarily shut down your business. Maybe your business is struggling with cash flow and needs to lay off workers. Or, maybe your business is facing a national emergency, like the coronavirus, and has no choice but to temporarily close its doors.

Whatever the case may be, you need to know your employer responsibilities during a temporary business closure. Read on to learn more about your duties as an employer, including coronavirus-related responsibilities.

Continue reading “What’re Your Employer Responsibilities During a Temporary Business Closure?”

How Can the CARES Act Benefit and Support My Small Business?

The cares act document with different employee and employer icons stemming from it

Businesses nationwide are temporarily closing up shop and seeing a decline in sales due to the COVID-19 pandemic. With so many businesses struggling during this time, the government passed legislation to help businesses bounce back.

One legislation that recently passed to help support and relieve small businesses during the coronavirus crisis is the CARES Act. Read on to learn all about what the CARES Act has in store for you.

Continue reading “How Can the CARES Act Benefit and Support My Small Business?”

Coronavirus Loan Options to Help Get Your Business Back on Its Feet

illustration of woman holding a piggy bank and financial institution building who is weighing her options between loans and tax credits

It’s no secret that the coronavirus (COVID-19) pandemic has taken a toll on businesses across the nation. And with many small businesses struggling due to government and state shutdowns, companies are seeing a decline in cash flow.

So, what’s a business owner to do during a crazy time like this?

To help rebound from the pandemic and get your business back on its feet sooner rather than later, explore coronavirus loan options for small business.

Continue reading “Coronavirus Loan Options to Help Get Your Business Back on Its Feet”

7 Bookkeeping Tips for Small Businesses

man's hand holding a pen and looking at a graph

As a business owner, you’re responsible for staying on top of your business’s books. If you have up-to-date and accurate accounting records, your company will be on the road to success. But if you fail to focus on your accounting tasks, your business can quickly sink before it has the chance to grow.

To help keep your books on a sound footing, learn some bookkeeping tips for small businesses.

Continue reading “7 Bookkeeping Tips for Small Businesses”

Patriot Offers COVID-19 Resource Hub for Paycheck Protection Program Business Loans and More

patriot software announces covid-19 resource center

Canton, OH

In light of the COVID-19 pandemic, accounting and payroll software provider Patriot Software (“PATRIOT”) announces payroll software updates relating to the Families First Coronavirus Response Act (FFCRA) and the CARES Act, a COVID-19 resource center for businesses, and participation in a small business funding coalition.

Continue reading “Patriot Offers COVID-19 Resource Hub for Paycheck Protection Program Business Loans and More”