Notice something fishy about an unemployment claim that you receive? If so, one of your employees might have fallen victim to unemployment fraud … which means you could, too.Read More A Rise in Unemployment Fraud Requires Quick Employer Action
Not sure what activities your overhead costs are going towards? With activity-based costing, product-focused businesses can get into the nitty-gritty details to better allocate expenses. That means you can more accurately analyze your spending—and price your products.Read More Break Down Where Your Money Goes With Activity-based Costing
If you’re like most taxpayers, you look for every possible deduction when filing your tax return for business. One way to lower your tax liability is to claim business tax credits. And due to the coronavirus pandemic, there are also a number of temporary tax credits for employers to claim.Read More What’s the Scoop on Business Tax Credits?
After submitting Form 3508, Form 3508EZ, Form 3508S, or a lender equivalent, you wait for a verdict. Will your Paycheck Protection Program (PPP) loan be fully, partially, or not at all forgiven? If you’re not happy with the result, you may be able to submit a PPP loan appeal.Read More Unhappy With Your PPP Forgiveness Outcome? Here’s How to File a PPP Loan Appeal
You hear about it all the time in the news—Cost of living rising! Maybe you think about it on a daily basis—Do I earn enough to cover my standard of living?Read More The Average Cost of Living by State, and Why Ignoring it Could Sink Your Business
Use this article to help you learn about Form 3508. Forms 3508EZ and 3508S are simplified documents, so not all of these steps apply. For more information on the difference between the forms, check out our article, “Form 3508, 3508EZ, or 3508S: Which Version Should You Use for PPP Forgiveness?“ Want to know how much […]Read More PPP Forgiveness Calculation: Process & Example
Additional funding alert! The March 11 signing of the American Rescue Plan brings an additional $7.25 billion in PPP funding. And on March 30, the president signed the Paycheck Protection Program Extension Act into law, extending the program until May 31, 2021. Does your small business need financial assistance as a result of the coronavirus […]Read More Paycheck Protection Program: How to Apply for a Forgivable Loan During COVID-19
Canton, OH Patriot Software, LLC, an accounting software and payroll provider, has made The Blueprint’s top 10 list of Best Payroll solutions for 2021. The Blueprint is a Motley Fool service that offers unbiased business and tech expertise. Earning the title of “Best for New Users,” Patriot Software received a 9.0 out of 10.0 score […]Read More Patriot Software Named Best Payroll for New Users by Motley Fool’s The Blueprint
Let’s face it: Health insurance is expensive. The average employer health insurance premium contribution—per employee—is nearly $6,000 (single) and nearly $15,000 (family) annually.Read More Can Employers Reimburse Employees for Health Insurance? Answers and Plan Options
Employers, this one’s for you. After withholding payroll taxes from your employees’ wages (and contributing the employer share), you need to deposit the taxes with the IRS. But that’s not all—you must also report the taxes on either Form 944 or 941. So, what’s the difference between Form 944 vs. 941?Read More Form 944 vs. 941: Which Should You Use to Report Payroll Taxes?