Workers’ 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?
You 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
You 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]
Paying your employees on time is essential, especially because 62% of Americans live paycheck to paycheck. Plus, many state pay frequency requirements regulate when you pay employees. Understand payroll cutoffs to pay your team on time, every time. So, what is a “payroll cutoff?”
Read More Payroll Cutoffs: Best Practices to Pay Your Employees on Time
Fewer employers plan to give pay raises in 2024 than in 2023, according to SHRM. Even so, 79% of businesses plan to dole out pay raises. To avoid losing your top employees, you might consider offering pay raises. Learn about criteria for raises, when to give salary raises, and how to calculate a pay raise […]
Read More How to Calculate a Salary Raise Percentage for Your Employees
For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.
Read More Answers to 18 Payroll Questions You Are Dying to Ask
Canton, OH Patriot Software is proud to announce that its founder & CEO, Mike Kappel, has been selected by Ernst & Young LLP (EY US) as a finalist for the EY Entrepreneur Of The Year® 2024. Kappel is among 29 entrepreneurs selected by an independent panel of judges.
Read More EY Selects Unconventional Entrepreneur as Finalist for Entrepreneur of the Year® 2024
Are your employees working too much overtime? Who needs a raise? Are you spending too much money on a department? To get answers to these types of questions, analyze your payroll data. Use payroll analytics to make decisions, avoid overspending on payroll, and verify the accuracy of your payroll.
Read More What Small Business Owners Should Know About Payroll Analytics
Despite your best efforts, accidents can happen in the workplace. When they do, you must fill out a workplace incident report.
Read More Guide for Reporting Workplace Incidents Under OSHA (With Example)
Payroll is arguably a business’s biggest expense. Between taxes and benefits, an employee costs up to 32% more than their wages. To accurately budget for your payroll-related expenses, try payroll forecasting.
Read More Payroll Forecasting: Strategies for Predicting Employee Expenses