Part of being an employer means running payroll. And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees. But, what happens when you have to deal with a deduction that you don’t have consent for, like a correction for a payroll error? […]
Read More Not Knowing Legal vs. Illegal Payroll Deductions Can Cost You Big Time
Maria Tanski-Phillips
Pay Secrecy Policies: Are You Breaking the Law?
August 19, 2022For many years, it was typical for employers to discourage discussions about pay in the workplace. And, many businesses had or have pay secrecy policies to prevent employees from talking about their compensation. Nowadays, pay transparency is on the rise to help combat gender inequality at work. In fact, 17% of private companies practice pay […]
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How Do 3401(a) Wages Work?
June 27, 2022As an employer, you’re probably familiar with W-2 wages and how they work. But, have you ever heard of 3401(a) wages? If you offer retirement plans, it’s time for your crash course. Get the lowdown on what 3401(a) wages are, how they work, and other 3401(a)-specific rules.
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Accounts Receivable Process: Your Step-by-step Guide
May 17, 2022When you extend credit to customers, you deal with something called accounts receivable. To ensure your company gets paid and your books are all up-to-date, you need to have a solid accounts receivable process in place. Here’s your step-by-step guide on accounts receivable processes and procedures to live by.
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6 Things You Absolutely Must Include in Your Hybrid Work Policy
May 16, 2022Thanks to the pandemic, there’s a new sheriff in town: Hybrid workplaces. In fact, 74% of companies in the U.S. are using or plan to implement a permanent hybrid work model. If your company plans to be part of this statistic, you need to know what to include in a hybrid work policy to keep […]
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What Is a Nominal Account? [Definition + Examples]
May 5, 2022Accounting deals with many different types of accounts. One account you may stumble across in your accounting journey for your business is a nominal account. But, what are nominal accounts?
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Offering a Retirement Plan Could Score You 401(k) Tax Credits
April 28, 2022Thinking about offering your employees a 401(k) plan? Already offer a retirement plan to your team? Either way, you’ll want all of the juicy details about the 401(k) tax credits for employers. Get the scoop on the 401(k) tax credit and how you can use it to lower your tax liability.
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Patriot Software Makes Accounting Setup a Snap With Easy Import Options
April 21, 2022Canton, OH Patriot Software, a leading accounting software and payroll provider, streamlines the accounting setup process for business owners and accountants by adding time-saving import options and features.
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Have Remote Employees? Get to Know the Requirements for Electronic Labor Law Posters
April 20, 2022Being an employer means following labor laws to a T. And when you’re required to follow said laws, you need to display state and federal labor law posters in your workplace so employees know their rights. But, what do you do if you have remote employees and nowhere to physically hang posters? Cue electronic labor […]
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5 Accounting Trends to Watch Out for in 2022 and Beyond
April 14, 2022When you’re an accounting professional, you look at trends every day. Whether looking to see where your firm’s profits spike each year or trying to predict cash flow for a client, you’re probably well-versed in spotting certain trends. But, are you aware of the latest accounting trends for 2022?
Read More 5 Accounting Trends to Watch Out for in 2022 and Beyond