One of the four main financial statements you have to keep track of as a business owner is your balance sheet. Your balance sheet gives you insight into where your business stands financially. But, you won’t get an accurate picture of your company’s finances if you don’t keep up with balance sheet reconciliation. Read on […]
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Guest Author:
Maria Tanski-Phillips
Maria creates helpful and practical content for Patriot’s marketing department. She began as a Content Writer in 2018.
What in the World Is Form 1065-X?
April 23, 2020As 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. […]
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What’re Your Employer Responsibilities During a Temporary Business Closure?
April 22, 2020At 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 […]
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7 Bookkeeping Tips for Small Businesses
April 10, 2020As 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 […]
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Patriot Offers COVID-19 Resource Hub for Paycheck Protection Program Business Loans and More
April 10, 2020Canton, 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.
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Do You Need a Business Operating Agreement?
April 2, 2020When you start a business, you’re in charge of juggling multiple tasks simultaneously. And if you establish a limited liability company (LLC), you may need to create a business operating agreement for your company. To familiarize yourself with all things operating agreements, keep reading.
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Calling All Corporations! What Is Form 1120?
March 12, 2020As a business owner, you have so many responsibilities, yet so little time. You need to handle your business’s books, manage day-to-day business operations, and keep your business on track for success. In addition to your countless other tasks, you need to file a small business tax return.
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Do You Know the Types of Partnership in Business?
March 3, 2020When you start your venture, you have a number of decisions to make. What are you going to offer? What market are you going to target? Are you going to run your business solo or have a helping hand? If you don’t want to run your business alone, you might consider forming a partnership. Read […]
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How Much Do You Know About the Four Basic Financial Statements?
February 20, 2020If you’re a small business owner, you know how important it is to keep your financial information in order. But to keep your finances organized, you have to know about the four basic financial statements and how you can use them to grow your small business.
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The Importance of Ethics in Accounting
February 6, 2020Even though you aren’t a professional accountant, you’re still responsible for keeping your business’s books in order. And if you’re the one handling your small business books, you need to follow ethics in accounting. Read on to learn about the importance of ethics in accounting and consequences your business may be subject to if you […]
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