Author:

Rachel Blakely-Gray

As Patriot's Content Manager, Rachel is responsible for planning and creating useful, actionable content for Patriot’s marketing department.

ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims

Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity. “ERC mills” began aggressive marketing campaigns advising employers to apply (even if they didn’t qualify) and collecting hefty […]

Read More ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims

“SOS! Do I Need to Prepare a 1099 for Credit Card Payments I Make to Contractors?”

Paying a contractor to perform work for your business comes with a little disclaimer: reporting said payments on Form 1099-NEC. But what if you pay your contractor using a credit card? Do you have to prepare a 1099 for credit card payments?

Read More “SOS! Do I Need to Prepare a 1099 for Credit Card Payments I Make to Contractors?”

New DOL Contractor Rule 2024: What to Know for Worker Classification 

Not all workers are employees. Some might be independent contractors. Figuring out if your worker is an employee or independent contractor under the Department of Labor (DOL) guidelines can be difficult. The new DOL contractor rule 2024 aims to eliminate confusion. It provides detailed guidance on worker status. As a result, the number of workers […]

Read More New DOL Contractor Rule 2024: What to Know for Worker Classification 

How to Calculate Net Pay from Gross Pay: Step-by-step Guide and Examples

Employee salary: $50,000 a year. But you know that’s not what they’re walking away with. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). To find their take-home pay, you need to know how to calculate net pay.

Read More How to Calculate Net Pay from Gross Pay: Step-by-step Guide and Examples