Data breaches and cyberattacks happen every day. Payroll contains sensitive employee information such as Social Security numbers and bank account details, making it a goldmine for cybercriminals. And because 43% of all data breaches target small businesses, payroll data security should be top of mind.
Read More Payroll Data Security: Defending Against Payroll Data Breaches
Author:
Rachel Blakely-Gray
As Patriot's Content Manager, Rachel is responsible for planning and creating useful, actionable content for Patriot’s marketing department.
How to Get a PTIN So You Can Prepare Your Clients’ Tax Returns
Do you have a valid PTIN? Getting or renewing a Preparer Tax Identification Number (PTIN) is required for preparing or assisting in preparing a return or refund claim. This article provides a step-by-step guide on how to get a PTIN, including the application process, fees, and renewal requirements.
Read More How to Get a PTIN So You Can Prepare Your Clients’ Tax Returns
How to Start an LLC in Florida: Steps, Documents, & Beyond
Florida’s beautiful beaches, booming economy, and status as a tax-friendly state make it an attractive spot for entrepreneurs. The Sunshine State even claimed the title of the third-best state to start a business in 2024.
Read More How to Start an LLC in Florida: Steps, Documents, & Beyond
Your Go-to Small Business Tax Deductions Checklist
Business expenses add up—fast. Fortunately, there are extensive tax deductions available for small business owners to offset the cost of running a business. Unfortunately, tax deductions can be complicated and confusing.
Read More Your Go-to Small Business Tax Deductions Checklist
Your Guide to Accounting Software for Sole Proprietors
Being a sole proprietor is a rewarding, but challenging, journey. Many sole proprietors view managing finances as one of the most challenging tasks. But thanks to accounting software for sole proprietors, financial management (and analysis) has gotten faster and easier.
Read More Your Guide to Accounting Software for Sole Proprietors
How to Generate Pay Stubs for Employees
When payday rolls around, employees receive their wages for hours worked. They may also receive a digital or paper pay stub, which breaks down their earnings and payroll deductions. As an employer, you must know how to generate pay stubs.
Read More How to Generate Pay Stubs for Employees
How Is Machine Learning Used in Accounting?
Machine learning (ML), a branch of artificial intelligence (AI), is everywhere. It has transformed online shopping (“users also bought…”) and TV streaming (“because you watched…”). Machine learning has also revolutionized the field of accounting.
Read More How Is Machine Learning Used in Accounting?
Beneficial Ownership Information Reporting Is Required in 2024 for LLCs, Corps, More
On March 1, 2024, a federal district court ruled that the Corporate Transparency Act exceeds the Constitution’s limits on Congress’s power. This court decision only impacts the specific businesses that brought the suit right now, but this raises interesting questions about the future of this legislation. You can learn more about this case here. A new rule, known as […]
Read More Beneficial Ownership Information Reporting Is Required in 2024 for LLCs, Corps, More
W-2 Employee vs. 1099 Contractor: Which Is Better for Your Small Business?
You’re ready for some help around your business. Should you hire a W-2 employee or a 1099 contractor? The choice might not be yours. There are key differences between a W-2 employee vs. a 1099 contractor that you must understand to stay legally compliant.
Read More W-2 Employee vs. 1099 Contractor: Which Is Better for Your Small Business?
Don’t Forget to Collect State W-4 Forms from New Hires
When you hire new employees, you need to collect information to verify employment eligibility and run payroll. Federal Forms W-4 and I-9 are just the beginning when it comes to new employee forms. You may also need to collect state-specific forms, including your state’s W-4. What is the state W-4 form?
Read More Don’t Forget to Collect State W-4 Forms from New Hires
