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?
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.
How to Help Clients Set up a Payment Plan With the IRS
June 11, 2024Do you have a client who can’t pay their tax bill? You may need to help them set up a payment plan with the IRS. A payment plan, such as an installment agreement, generally decreases penalties and prohibits the IRS from levying assets.
Read More How to Help Clients Set up a Payment Plan With the IRS
How Do I Set up Payroll for My Accounting Clients?
June 7, 2024From tax preparation to advising, your accounting services are invaluable to small businesses. One in-demand service among small business owners is payroll. Not to mention, 43% of accounting firms believe payroll services can benefit clients.
Read More How Do I Set up Payroll for My Accounting Clients?
Form W-2 Box 12 Codes and Explanations
June 5, 2024Each year, you need to file Form W-2 for your employees. You might need to use Form W-2 Box 12 codes to accurately fill out Form W-2.
Read More Form W-2 Box 12 Codes and Explanations
What Is the Difference Between Gross and Net Pay?
June 5, 2024Running payroll can be confusing. Although it’s natural to have payroll questions when starting out, you can’t afford to get tripped up when it comes to gross vs. net pay. Knowing the difference between gross and net pay impacts employee wages, payroll withholdings, recordkeeping, and even employer laws.
Read More What Is the Difference Between Gross and Net Pay?
Workplace Injury: What to Do When an Employee Is Injured at Work
June 5, 2024Employers reported over 2.8 million injury and illness cases in 2022. A workplace injury can happen in any industry, from manufacturing to finance. You must cultivate and maintain a safe work environment for your employees.
Read More Workplace Injury: What to Do When an Employee Is Injured at Work
Payroll KPIs and Statistics: Small Business Payroll Performance
May 30, 2024Running payroll is more than cutting employees a check for their hours worked. Payroll takes time. A lot goes into calculating and withholding taxes and deductions. There’s room for mistakes and opportunities for improvement. You can use payroll KPIs, or key performance indicators, to analyze how well you manage payroll.
Read More Payroll KPIs and Statistics: Small Business Payroll Performance
What Is Pay-as-you-go Workers’ Comp?
May 22, 2024Workers’ compensation insurance isn’t just a great way to help protect your business investment. In many states, it’s required if you have employees. Pay-as-you-go workers’ comp lets employers pay only for the workers’ comp insurance they need in real-time.
Read More What Is Pay-as-you-go Workers’ Comp?
Examples of Contingent Liabilities Your Small Business May Need to Record
May 21, 2024You probably know your company’s liabilities, aka debts your business owes. But how often do you think about liabilities that you may or may not have, depending on the outcome of a future event?
Read More Examples of Contingent Liabilities Your Small Business May Need to Record
How to Calculate Hours Worked for Payroll [+ Tools to Use]
May 17, 2024You must know each employee’s hours worked to run payroll. To do that, you must calculate hours worked. So, what does the process of calculating hours worked look like? Learn how to calculate hours worked step-by-step below, plus get an in-depth example.
Read More How to Calculate Hours Worked for Payroll [+ Tools to Use]