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.

OASDI Tax: Old-Age, Survivors, and Disability Insurance (OASDI) Tax Deductions

Tax withholding is an essential piece of the payroll puzzle. One of the taxes you must withhold from employee wages is the Old-Age, Survivors, and Disability Insurance (OASDI) tax. You must also contribute an employer portion of the OASDI tax. OASDI tax is more commonly referred to as Social Security tax.

Read More OASDI Tax: Old-Age, Survivors, and Disability Insurance (OASDI) Tax Deductions

What Is an Employee Assistance Program (EAP), and Is it Taxable?

Benefits matter to 81% of employees, which means your benefits package is an important recruitment and retention tool. From traditional benefits, like health insurance, to newer benefits, like student loan repayment, you’re always looking for the next best thing. Have you heard of employee assistance program (EAP) benefits? What is EAP, exactly?

Read More What Is an Employee Assistance Program (EAP), and Is it Taxable?

New Overtime Rule for 2024: How Will it Affect Your Business?

On May 21, 2024, business groups sued the U.S. Department of Labor to block the new overtime rule. This challenge could delay or reverse the 2024 new overtime rule. Starting in July 2024, four million new workers will become entitled to overtime pay, thanks to the Department of Labor’s (DOL) new overtime rule.

Read More New Overtime Rule for 2024: How Will it Affect Your Business?