There are several benefits of a remote workforce, like an expanded talent pool. But if you’ve decided to hire out-of-state remote workers, there are several things you need to know.
Read More Out-of-State Remote Workers: Compliance Checklist
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.
Essential Payroll Audit Procedures You Can’t Afford to Ignore
Running payroll accurately is arguably one of your most critical employer responsibilities. But even if you use a reliable payroll processing system, there’s room for user error. You might input numbers incorrectly, forget to add an employee’s pay raise, or fail to remove a terminated employee from your payroll. To combat these potential problems, conduct […]
Read More Essential Payroll Audit Procedures You Can’t Afford to Ignore
Strategies to Accelerate Your Timeline to Business Profitability
If you’re asking, “When will my business make a profit?”, you’re not alone. Profitability is more than a milestone. It’s the point where your business can pay its own bills, give you reliable earnings, and grow without constant stress.
Read More Strategies to Accelerate Your Timeline to Business Profitability
States With Paid Family Leave [+ Chart]
According to the most recent BLS data, 27.5% of workers have access to paid family leave. Do yours? If you do business in one of the states with paid family leave laws, the answer should be yes.
Read More States With Paid Family Leave [+ Chart]
Key Financial Metrics to Track Before Your Business Turns a Profit
Key Takeaways − Cash burn rate: How fast you’re spending cash each month. Cash runway: How many months you can operate before running out of cash. Gross profit and gross margin: Profit after direct costs of goods/services. Operating expenses: What you spend to run your business. Break-even point: How much revenue you need to cover […]
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What Happens If Payday Falls on a Bank Holiday? Mark Your Calendar
A whopping 65% of the U.S. population lives paycheck to paycheck. These employees (and likely all employees) count on receiving their wages on their scheduled pay date. But, bank holidays might pose a slight hiccup. What happens if payday falls on a bank holiday?
Read More What Happens If Payday Falls on a Bank Holiday? Mark Your Calendar
How to Perform a Break-even Analysis for Your Startup in 2026
Key Takeaways − A break-even analysis shows when your startup’s sales will cover all your costs. The formula for your break-even point is: Break-even Units = Fixed Costs / (Price per Unit − Variable Cost per Unit) Performing a break-even analysis helps you set smarter prices, decide if an idea is viable, and plan sales […]
Read More How to Perform a Break-even Analysis for Your Startup in 2026
Can a Youth Pastor or Associate Pastor Claim a Housing Allowance?
Key Takeaways − A youth pastor or associate pastor can claim a housing allowance if they meet the IRS definition of a minister and the church properly designates the allowance in advance. A pastoral housing allowance is a portion of a minister’s compensation designated for housing expenses and can be excluded from federal income tax, […]
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IRS Rules for Minister’s Housing Allowances: Documentation and Reporting
Do you run a church, ministry, or faith-based nonprofit? If so, payroll and taxes can feel complicated, especially when clergy housing allowances enter the picture.
Read More IRS Rules for Minister’s Housing Allowances: Documentation and Reporting
How to Accurately Calculate a Clergy Housing Allowance
Key Takeaways − A clergy housing allowance lets qualifying ministers exclude part of their compensation from federal income tax, up to certain limits. The church or organization must officially designate the allowance in advance. The excludable amount is the lowest of 1) The amount officially designated as housing allowance, 2) The minister’s actual housing expenses, […]
Read More How to Accurately Calculate a Clergy Housing Allowance