Key Takeaways − Payroll is “sticky” because it’s essential, recurring, and hard for clients to switch away from. Accountants see client data each pay period, not just at year-end, which encourages a year-round relationship. Payroll opens the door to deeper advisory work, bookkeeping, and tax services. White-label payroll software helps accountants grow revenue without building […]
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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.
Step-by-Step Guide to Catching Up on Past-due Payroll Taxes
Key Takeaways − Falling behind on payroll taxes is serious but fixable if you act quickly. The IRS can add penalties, interest, liens, and even personal liability for some owners. Your priorities are to get current, gather records and calculate what you owe, file all missing returns, and set up a payment plan if needed. […]
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The Trust Fund Recovery Penalty: Personal Liability for Late Payroll Taxes
Key Takeaways − The Trust Fund Recovery Penalty (TFRP) lets the IRS hold individuals personally liable when a business fails to pay certain payroll taxes. “Trust fund taxes” are the federal income, Social Security, and Medicare taxes you withhold from employees’ paychecks. If you don’t deposit or pay these taxes, the IRS can come after […]
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How to Request an Abatement of Payroll Tax Penalties from the IRS
Key Takeaways − If you file or pay payroll taxes late, the IRS can charge costly penalties and interest. You may be able to get penalties reduced or removed (abated) if you qualify for First-Time Abatement (FTA), or can show reasonable cause (e.g., serious illness, natural disaster, records destroyed). To request abatement, you usually: confirm […]
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Patriot Software Marks America’s 250th With 50% Off for 6 Months for New Customers
Limited-time offer applies to Patriot’s full product line: accounting, payroll, time and attendance, and HR software.
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Half of Small Business Owners Skip Their Own Paycheck to Survive
Owning a small business isn’t for the faint of heart. More than half (53.5%) of U.S. small business owners lose sleep over their business at least a few times a week. Nearly a third of new owners say it happens almost every night.
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Top 7 Signs It’s Time to Change Your Payroll Provider (+ How to Switch Smoothly)
Payroll touches every paycheck, tax filing, and compliance deadline. When your system struggles, your whole business feels it. A payroll provider manages employee payments, tax filings, and related compliance. Are they pulling their weight? It might be time to switch payroll providers if you notice issues.
Read More Top 7 Signs It’s Time to Change Your Payroll Provider (+ How to Switch Smoothly)
Scalable Payroll Solutions for Growing Businesses: When to Switch from Manual to Software
Learn when and how to switch to a scalable payroll solution that grows with headcount, locations, and benefits without adding hours, errors, or compliance risk.
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The Ultimate Guide to Conducting Effective Business and Payroll Audits
A nerve-wracking visit from the IRS isn’t the only type of audit out there. There are several audits you can, and should, conduct regularly. To do that, you need to know how to conduct an audit.
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The Ultimate Guide to Work-from-home Reimbursement for Remote Teams
Do you have a temporary or permanently remote workforce? If so, you may consider offering work-from-home reimbursement to help workers cover remote-related expenses.
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