Millions of businesses use at least one small business software platform to do everything from running payroll to managing customer relationships. Software can simplify processes, save time, and ensure accuracy. But the more systems you use, the greater your costs. Can you take a software tax deduction to offset your expenses?
Read More Software Tax Deduction: Can You Deduct the Cost of Software for Your Business?
Author:
Rachel Blakely-Gray
As Patriot's Content Manager, Rachel creates engaging and informative content aimed to help business owners understand complex accounting and payroll topics.
What is the Employer Medical Assistance Contribution Tax?
Are you staying on top of your state-specific employer responsibilities? Because each state has different laws, you may have more tax responsibilities than an employer in another state. If you’re an employer in Massachusetts, you might be required to pay the employer medical assistance contribution (EMAC) tax.
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What Is My SUTA Tax Rate? State-by-state Guide [Chart]
Employers are responsible for paying state unemployment (also called SUI or SUTA) taxes when running payroll. Your SUI rate can vary widely by state, industry, and other factors. So, what’s your SUTA tax rate?
Read More What Is My SUTA Tax Rate? State-by-state Guide [Chart]
Can You Pay That?! Federal and State Tipped Minimum Wage Rates
Want to avoid breaking labor laws? Then you need to pay employees according to federal, state, or local minimum wage law. But if you have tipped employees, you might be able to pay a lower, tipped minimum wage.
Read More Can You Pay That?! Federal and State Tipped Minimum Wage Rates
How Much Does Payroll Cost? How to Know If You’re Overpaying for Payroll Services
If you have employees, you need a reputable system for processing payroll, withholding taxes, and maintaining accurate records. There are a few ways you can run payroll, and each comes with a price tag. So, how much does payroll cost?
Read More How Much Does Payroll Cost? How to Know If You’re Overpaying for Payroll Services
How to Do Affiliate Marketing: Guide for Accountants and Bookkeepers
Finding new ways to drive passive income is a business-savvy move. That’s why more accountants are learning how to do affiliate marketing.
Read More How to Do Affiliate Marketing: Guide for Accountants and Bookkeepers
Business Use of Vehicle: Drive Your Way to Tax Savings
How often do you drive to meet a client or your accountant? Do you frequently make bank runs for your business? Depending on your business use of vehicle, you may qualify for a nice-sized tax deduction.
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9 Self-employment Tax Deductions You Should Be Taking
If you are self-employed, you might be overwhelmed by the expenses you have, including your self-employment tax liabilities. However, you can claim self-employment tax deductions to reduce the amount you owe in taxes. See how you can take advantage of self-employed tax relief below.
Read More 9 Self-employment Tax Deductions You Should Be Taking
Business Mileage Deduction 101
Miles spent driving to meet clients, going to an office supply store, and depositing a customer’s check at the bank can add up. If you use a vehicle for small business purposes, you might qualify for a business mileage deduction from the IRS.
Read More Business Mileage Deduction 101
Beneficial Ownership Information Reporting Is Required for LLCs, Corps, More
Attention! On December 26, 2024, a federal appeals court reinstated a nationwide injunction halting the enforcement of the BOI reporting requirements. Reporting companies do not need to comply with the BOI reporting deadline pending a further order from the court. Stay tuned for updates. A new rule, known as company beneficial ownership information reporting, took effect on […]
Read More Beneficial Ownership Information Reporting Is Required for LLCs, Corps, More
