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 ClaimsRachel Blakely-Gray
How to Choose a Payroll Service for Your Small Business
Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service?
Read More How to Choose a Payroll Service for Your Small Business“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?”Patriot Software Expands Its Affiliate Marketing Program
Canton, Ohio Accounting and payroll industry stalwart, Patriot Software, is expanding its affiliate marketing with a national launch of its Affiliate Program on Impact.com.
Read More Patriot Software Expands Its Affiliate Marketing ProgramHow to Pay Employees: The Different Ways to Pay Your Employees
How do you pay your employees? With checks? Direct deposit? Other? There are several ways to pay employees, especially as money continues to move into the digital sphere. If you want to know how to pay employees, take a look at these ways to pay your employees.
Read More How to Pay Employees: The Different Ways to Pay Your EmployeesPatriot Software Publishes Data-driven Small Business Payroll Index
Patriot Software, a national accounting and payroll software company, has released its Small Business Payroll Index, which will be published monthly. This index represents the monthly percentage change in the number of workers who were added to or removed from Patriot’s payroll software.
Read More Patriot Software Publishes Data-driven Small Business Payroll IndexNew 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 ClassificationHow 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 ExamplesNew Employee Forms: What Do New Employees Need to Fill Out?
New employee forms are a staple of the onboarding process. Before an employee can legally begin working for your business, they need to fill out required forms. What forms do new employees need to fill out?
Read More New Employee Forms: What Do New Employees Need to Fill Out?Paid Sick Leave Laws by State: The Chart, Map, & Accrual Info You Need
Typically, employers get to choose whether they want to offer types of paid time off, like sick leave, to employees. But depending on your business location, you might not have a choice. Little by little, paid sick leave laws by state are on the rise.
Read More Paid Sick Leave Laws by State: The Chart, Map, & Accrual Info You Need